So You're New

So you're new to Forex and you don't know to trade and you don't have time to learn. Well rather than staying out of the game all together, I would recommend following a top trader and mirroring their trades. Robots are great (if you get the right one), but following a trader is great for someone who hasn't traded before because you are only involved in trades that another trader is actually involved in. You are not paying some stupid commission to a robot whether it wins or loses, you are simply following a great trader. I would recommend Tradeo IF you live in the UK, South Africa, Australia, Canada, Sweden, Finland, Denmark, or Norway. Anywhere else, sorry, Tradeo can't take you. 

#YoungBuffett Out

Binary Options

2015 has been great so far. My account is growing and at the pace I anticipated. I have also begun dabbling in binary options. They are a fun way to pass some time and a great way to make some quick money. I like to do the 120s options, the 30s are not predictable enough. For those of you who have never tried binary options, you should definitely give them a shot.

#YoungBuffett Out

2015 Outlook

2015 is going to be a great year for the USD. With the European debt crisis, the drop in oil prices, and the great non-farm data we have been getting, I see 2015 being the year of the USD. If the EU doesn't get their shit together soon, we may see the USD become more valuable than the euro by the end of 2015 (that is a very bullish statement).

What are your thoughts on the USD? I have been sticking to my system. Goal by the end of the month is $132.25. I am at $122.17 right now. So I am right on track.

#YoungBuffett Out.

Happy New Year

Happy New Year to all! Young Buffett will be strong in 2015. Keep an eye out on Sunday for weekly trading updates! I am looking forward to teaching, inspiring, and creating new paths in 2015. 

Happy trading and Happy New Year

#YoungBuffett out

Holidays

As many of you followers already know, I have been on a trading break due to the holidays. I want to wish you all a belated Happy Hannukah and a belated Merry Christmas. This week is the New Year! I am very excited for 2015. In order for me to stick to the 7 year plan, by 12.31.2015 my account will need to be at $615.28, which is very doable. Remember... the plan is $100 to $100M in 7 years. This means 15% a month. Compounding interest is an amazing thing. So, for the week of 12.28.2014, I will ONLY be placing my 2 days trades on Sunday and not placing my intraweek trades. I have already hit the goal for December 2014, so there is no need to not take my vacation. So for this half-week lineup check out the video below.

As I stated in the video, this will be the last time I simply record my orders being placed. I will be creating some educational videos for my Youtube channel and also creating some videos of my active day trading with the micro-strategy. What this means is in the weeks to come, I will be placing all of my orders, the why's and the thoughts behind each one on the blog again. Let me know which is better for you, which you like better... video or blog.

As I also stated in the video, please leave a comment, let me know if you have educational questions, do you understand Bollinger Bands, Pivot Points, etc.? Do you have questions about my system, orders, account balance, etc.? Let me know. If you don't want to leave a comment, please feel free to use the contact me form on the right hand margin.

Happy trading and HAPPY NEW YEAR!

#YoungBuffett out!

Intraweek Orders

I couldn't get my screen recorder to work properly yesterday when I placed my orders, so I am going to write about them instead.

Let's begin by going over which orders were executed from my Sunday trades. The AUD/USD was executed and within 7 minutes it took profit... giving me a 2.67% portfolio gain. This 7-year plan has one key element... I am not required to make a trade... I am merely required to make the right trades. I only trade when the signals are absolutely perfect.

As for my intraweek orders. Looking at the USD/CAD, I placed a short order at 1.17076 for 5K units, looking for a T/P at 1.16988. This entry order is a perfect split of the R2 and the upper Bollinger Band. This order is my favorite of the intraweek and all indicators point to an execution.

Next up, longing the AUD/CAD, 5K units at .93387 and a T/P at .93457. This order lines up the S2 and lower Bollinger Band perfectly.

I am very excited to be trading in the AUD/USD this week. A buy order placed at the perfect line up up S2 and my lower Bollinger Band (.81087) with a T/P at .80082.

Rather than going through all of my orders individually, I am posting the remaining orders here:

All of these orders are either a split different of R2 with an upper band, S2 with a lower band, or in some of the cases (the best cases) a perfect alignment of R2/S2 with the upper/lower Bollinger Band.

Happy trading. Merry Christmas. I will see you all on Sunday and will definitely be creating a video for that trading session.

#YoungBuffett Out

On track

$100 to $100M in 7 years. Do you think I am crazy? That means I need to average 3.555% a week or roughly .5% a day (5 days a week). For the month of December, I already hit and exceeded this goal. I am currently up 20.68% this month. If you have been following this blog, you know that I will take 50% of anything over my goal and transfer it to a safety account within Oanda... a sub-account. This sub-account will be there as a safety in case I have a month that does not meet the goal. However, I have yet to have a loser yet. I have been correct 94% of the time with my entry orders and have only sold for a profit... I have done this be re-entering a trade at a lower price (or higher depending on direction) and cutting my average cost. This is why I don't put all my eggs on the first trade.

#YoungBuffett Out.