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A losing morning – Friday’s live trading video…

I had two attempts at GBPJPY this morning and whilst I’m producing the video I see it’s bounced again. So I’m happy with the analysis today, it just didn’t work out from a stop out perspective!


  1. Richard Taylor-Reply
    March 31, 2017 at 12:59 pm

    Really enjoyed this one. Feel it raises a *very* important educational point! It’s so easy to feel like a losing trade was the “wrong” trade, when that may not be the case at all. It taps right into the heart of why trading can be so difficult. In the SHORT term, you can always rely on the market to pat you on the back when you’re doing something wrong and kick you when you’re trading well. It’s only in the LONG term, over a large number of trades, you get to see the true picture. Works both ways too; winning trades can also be the result of really bad trading. But how often do we, newer traders (and I’m personally talking 2+ years in!), kick ourselves after taking a winning trade, when perhaps sometimes there’s vary good cause to! Have a great weekend all.

    • Charlie Burton-Reply
      March 31, 2017 at 3:46 pm

      Very well said richard!

  2. Prateek-Reply
    March 31, 2017 at 2:40 pm

    Hi Charlie,

    You seem to be using a different broker for spot fx trades than ETX, any particular reason? Do you spreadbet fx or any other market with etx/any other broker?


    • Charlie Burton-Reply
      March 31, 2017 at 3:50 pm

      I use etx for my pure swing account. I’ve used this for years so force of habit for day trading

  3. Marco-Reply
    March 31, 2017 at 4:19 pm

    Sometimes, I admit, I’m sourprised because you’re even “too” thorough and often you don’t close the deal even when you have banked for example 34 pips out of 35, which are nothing in terms of cash, but that shows how strong minded you’re, I envy this attitude. Anyhow it felt so awkward to see you using that pair with such a ridiculous 2.7 spread which is a problem when you have so tight stop losses 🙂 Anyhow I almost like more your losers videos than the winners and you can imagine the reason.

    A few weeks ago you talked about the One Show by BBC, but I’ve never heard back and I’d like to see it featuring you, did they air it yet? If so, what day was that? THANKS!

    • Charlie Burton-Reply
      March 31, 2017 at 4:30 pm

      Yes I know it’s perverse but I like the losing videos too. Shows people the realities.

      The one show hasn’t aired yet. Once I’m told the slot for it we will let everyone know

      • Marco-Reply
        March 31, 2017 at 4:53 pm

        exactly and in that perverse way it helps people be a little bit more constant because when you’re a beginner (like ME) you tend to think that you must be right as much as possible (“oh no good traders NEVER lose”).
        I have just one question, why don’t you scalp more? I mean being right in a 1-5 mins period of time is really easy and if you play like 30/50/100$ a pip you can make pretty good money because it’s not so impossible let’s say to be right 13/15 and for you it would be even easier, I’m still deciding whether to be a super-scalper or a day trader (obviously you can be boh I know).
        I’d really like to hear about your opinion and the downsides of it, if the answer is too long it would be fantastic even a short clip over the week 🙂 thank you so much again I will definitely join your community in the future.

        • Charlie Burton-Reply
          March 31, 2017 at 4:57 pm

          Haha yes you are proving to me you are indeed a newer trader with that question! No offence but scalping is a losers game. high win rates for periods and then loads of losers. Not worth it my friend or we would all be billionaires from doing it! I will indeed try and remember to do a video on it!

          • Marco-
            March 31, 2017 at 5:08 pm

            yeah, I’ve been doing this for 3 months (my account is only slightly down so I consider myself not totally an idiot yet 🙂 ) and each month I try the different time frames and really when I scalp I happen to earn 3 times more in 30 mins, how can’t you get 2 or 3 pips? 😀 anyhow was just a question, it looks guys like you would make a lot even just scalping 🙂
            thank for the answer and I wait for the short clip where you destroy the scalping method and definitely dissuade me. BYE for now!

          • Charlie Burton-
            March 31, 2017 at 5:19 pm

            Yes newer traders are often tempted by scalping and can indeed make some money for a while but trust me it ALWAYS backfires at some point and in a bad way. I will endeavour to do a video…

  4. John Mattingley-Reply
    April 1, 2017 at 9:34 am

    Morning Charlie, Hope you are well.

    You made the comment that your rarely trade the majors intraday. What’s your reason for that?

    Best regards

    John Mattingley

    • Charlie Burton-Reply
      April 1, 2017 at 9:42 am

      Hi John, nice to hear from you. Habit really. I usually like to focus on just a few majors rather than be scanning across lots of markets…

  5. Paul Oak-Reply
    April 4, 2017 at 11:59 am

    Hi Charlie, nice videos!

    I have a question, being watching your videos for a while and seeing your amazing returns on your challanges, why don’t you start a hedge fund and start trading others people money? You could make a lot of money considering your profitability! Most hedge funds out there are waaay below your returns! Or do you think that your methodology has a limit, so you can’t trade more than 10,100,1000 lots, etc…

    Thanks for your answers

    Kinds Regards


    • Charlie Burton-Reply
      April 4, 2017 at 12:03 pm

      Hi Paul, I am setting up a fund right now actually. But in answer, generally once you get beyond a given size its difficult to just jump in and out of the markets, hence the lower returns on funds plus many hedge funds are only trying to make a smaller return each year anyway as that may be what’s in their terms with investors….

  6. Paul Oak-Reply
    April 4, 2017 at 12:45 pm

    Wow! Nice Charlie! Congratulations on the new venture! And good luck! Just I supposed so obviously you’re not making 300% a year in any given hedge fund, not just because I’ll be harder with big sums, but I suppose because you don’t want to take such enormous risks! So you don’t aim so high so to speak I guess. All right, I understand.

    So thank you very much for your answers, and good luck again. I’m just starting in this amazing world of trading, but I hope I can set up a hedge fund some day!

    Kind Regards


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