Browsing Tag: Forex

    7 Forex Trading Tips and Tricks (Become a Better Trader Overnight)
    Articles, Blog

    7 Forex Trading Tips and Tricks (Become a Better Trader Overnight)

    August 23, 2019


    hey hey what’s up my friend so in this video I want to share with you seven of my best trading tips right that will improve your trading results so keep watching okay so the first forex trading tip that I have for you is number one enter your treats near market structure so let me share with you how not to do it right so firstly right often traders will look at a chat right so let’s say for example the rate 1 here is your stop loss the green one is your entry point and blue one is your so-called tick profit level so traders they would see this chat and they say oh man price is you know coming down lower and lower let me know hop on what before I know I miss the move so they go long in the green area right half their stop-loss at the red level no which is a distance away from the highs and then they target at the nearest swing low right that is a very common thing that you know traders would do but when you look at it from a risk to reward perspective right you can see there you’re in fact risking this much you’re risking this much to make this much right I would say risking up a dollar to make like 40 cents right so really right if you want to improve your risk to reward right you want to trade near market structure which is this example that I want to share with you this one over here is much better because if you look at it now right your stop loss level is at the same level your tick profit level is at the same level over here as well the only difference is now you’re entering at a much favorable trade location you’re entering a market structure in this case near resistance right you won’t necessarily go short right because you might want to wait for a reversal candlestick pattern like a shooting star a bearish engulfing pattern before you kosher so perhaps the price may come up higher and then get smacked down lower and close lower so from here you can see that no from a risk to reward standpoint let’s say you know it closes lower you enter somewhere here your stop-loss is still at this level all right let me just remove some line trail let’s see what happens now is that you know you’re not going to use a sell limit order you let the price go up and then come down and close the lower somewhere you so your entry now be somewhere here and your stop-loss is now here now this is your risk and your reward is now from your entry point to your target profit so now you can see that you are risking a dollar to maybe make a dollar fifty or even two dollars alright your risk to reward has been improved just because you are trading near market structures so that is what I mean by number one right you wanna trade near market structure to improve your risk to reward on your tree alright so that’s the first tip I have for you the second tip is this right is that you wanna trade breakups with build up so what is built up right let me explain for those of you who have been following me for a while now you already a pro at this so a build up simply means write a tight consolidation where the range of the candles gets smaller and smaller so you can see that over here this blue box this is what we call a build-up over here this over here is a sign of strength cause if you think about this right price and resistance it usually would have selling pressure right traders looking to short resistance like for example in the previous example right I said that no traders might want to consider shorting a resistance in your market structure now what happens is if after you know ten candles 1520 candles the price is still hovering at resistance what does it tell you well it tells you that the selling pressure it’s unable to push price lower that’s because there are traders are willing to buy and this higher prices that is why the price can go down right so this is a sign of strength because you know the price is still hovering a resistance right buyers are willing to buy these higher prices willing to buy in front of resistance because they have the expectation that the price will break out all right so this is a sign of strength whenever you see the price make forming a build up okay a build up over here just prior to the breakout this is a sign of strength at a market is likely to break up higher another variation of this right is what we call higher loss into resistance this is a sign of strength as well notice you see higher lows higher lows higher lows higher lows into resistance the concept is somewhat similar to the build up but this time around is telling you that buyers are willing to buy at this higher prices that is why you see higher lows into resistance right so this is also another sign of strength right and this is the tip for you the fourth tip that I want to share with you is what I call the first pullback so often right the price it can break up and if it breaks down right you might have missed the move right if you didn’t catch the break up but don’t worry because more often than not right the price will give you a chance to re-enter to catch the trend so in this case you can use the first pullback technique that I’m about to share with you so you can see that over here the price it did break out okay so those of you who missed the move don’t worry because over here the market offered you are an opportunity to get long right by forming somewhat of a a bull flag pattern so what it can do is to treat the first pullback the price does break above this swing high you can look to get long right and possibly have your stop-loss you know just a distance away from this low maybe somewhere over here right a buffer away from this swing low so this is what I mean by the first pullback so don’t worry you know if you miss the breakout rates right there’s always opportunity I mean there’s a good chance that you can get opportunity to hop on bought and catch the train alright so that’s the fourth tip for you the first pullback the fifth thing that I want to share with you is to set your stop loss right away from market structure because often what traders do is that say let’s say the market is in a range okay they go long right price hits up higher they go long over here where do they put a stop loss they put a stop loss just below this level of support and what happens well the market could just as well to not come down lower trigger your stop-loss ending continue higher so this is why right you don’t want to put your stop-loss just below support or just above resistance it’s like asking the market you know come my stop-loss so I take my money it’s free just stuff it down your truth you don’t want that so what you want to do is to set your stop loss right a distance away from market structure so how do you do that very simple you can see over here at this example the market here is someone in a range all right traders can see that you know it uh it is at an area of support right price tested once twice thrice right then it you know four times okay so we can see that now this candle over here this low has pretty much taken out this lows over here this lows over here this loss and this loss over here so this one candle has pretty much wiped up all the stop-loss right the cluster of stop-loss below this area so this is why I say you know you wanna set your stop loss right a distance away from market structure how do you do this is very simple you firstly you can use just your eyeball just eyeball the chat and see okay let me just give it some distance from you know from here to here I’ll set my stop-loss somewhere here right that’s what you can do alternatively you can use an indicator like the average true range right what it does instead it measures the volatility of the market pull out this indicator you’ll give you a value call it X right so what it pick is the value of x right you can click what is this low right and then minus it by X so if the the value lets is the market price level at support is hundred dollars and let’s say X is ten dollars right you put your support at ninety bucks pretty simple right so that is how you actually protect yourself right from getting stopped hunted all right so this is the fifth tip that I want to share with you set your stops away from market structure the sixth tip that I wanna share with you is a entry technique right to profit from traders who long break up and then B go trap here’s how it works so this is what I call the Falls break setup so you can see it over here area of resistance resistance market broke out of resistance on this candle you can imagine right it actually at one point in time this candle was looking bullish something like this okay sorry let me just redraw this looking bullish something like this the market has not closed yet any halfway right troll a day right the sellers to control push price lower and finally right it closed like this it closed like this so this is why you got this candle over here this can over here it’s pretty much this can no over here so at one point in time I was actually looking very bullish my buyers are in control traders pile on the breakout let’s go along rise going to the moon and then suddenly reverse and closed lower over here so you can see that the psychology of the markets now what’s happened is that breakout traders who are long and now track right because they buy the breakout in a market does 180 degree reefer so they are now trapped and if you think about this right where did the breakout traders put your stop-loss chances are they put estamos maybe below this low here or even here for those of them who are really really conservative so what you can expect is that if the market right the price were to continue lower it’s gonna hit this stop others these sell stop orders which is the stop-loss orders of the breakout traders and you would induce a further selling pressure so this is why you can expect the market to continue lower it’s not guaranteed right but it’s a good chance that you will continue nor after this a false brick price pattern so we can use this our false break right as an entry trigger to you know get on bought trends you know time your poo bags and stuff like that it’s very useful and tree technique to use and that is a psychology behind the false brick setup and the last tip that I want to share with you is this right use limit order for a better reason to reward on your traits so let me share with you an example so you can see over here alright this is a chart of euro yen for our time frame how do I know that because it’s it’s over here okay so this is a very typical setup that traders would treat prices at a area of support right coming through an area of support right now this step you test at once twice you can pretty much muck up your your support level who’s gonna be quite obvious and then this bullish reversal candle is so bullish right it’s suddenly just the you know massive reversal and close near this highs over here so now if you follow the techniques I’ll just share with you you do want to set your stop-loss just below the level of support right you want to set it some buffer way so let’s say you put it somewhere here now if this is going to be your stop-loss let’s call it s L and this is gonna be your entry you can see that your risk your potential risk on this tree is very large okay you can see that this is the distance of your stop-loss very very large right and if you don’t want to trade it and I can understand it because you know if you have a larger stop-loss you have to reduce your position size to you know still have to have a proper risk management right you might not wanna take one to take the trade because the stop-loss is very large so what you can do is to use a limit order to have a title stop-loss and in turn right you can increase your position size on this trait so an example is let me just change this color let’s say you decide to use a limb in order and you put it say a limit order somewhere here like you know a Fibonacci level like maybe justic from this swing low to swing high and you identify the 50% level mark just that is where you will enter the treat your new entry is now over here right let’s see just is just one of the technique that you use now you what you’ll notice that your stop-loss right this distance of it has been reduced right now is this is the distance of your stop-loss alright and from a risk to reward standpoint you have improved on it right instead of you know by near the high it’s what you can do is use a limit order get a better price level thereby you know improving your risk to reward on the tree now the downside to this approach is that sometimes the market may not come to the level that you’re looking at my especially if you set it at a very low level there’s a low probability of it actually coming to that level and you may not get fill and you might miss the move so this is kind of like a balance between where you think the market could possibly go to right and then having a better risk to reward on the trade right and and pretty much you know trying to get overall better return on it right so if you ask me right where do you usually set a limit order a rough guideline is is this right if you want to put it near the market structure where the previous market structure is so in this case so you can see that over here this was the previous market structure this area of support there’s a good chance the market could retest it you can set it at this level all right so this to be honest is obviously cherry-pick right so sometimes what you will see is that the this level of support may not be so low it may be somewhere over here let’s say somewhere over here okay so I would pretty much put a buy limit order at this support level okay let’s imagine it is now this black line has you know move up higher to somewhere this level right I would put a buy limit order at this support level or just before it right and see if I can get feel and get a better price point compared to buy near the highest all right so this is another tip right to you slim in order to improve your risk to reward on your traits okay so just a quick recap right number one you want to enter your treats near market structure because you know overall you get a better risk to reward right number one is because a stop loss is title and we never title stop-loss you can increase your position size and still risk the same 1% of a capital right compared to having a wider stop-loss right you have to decrease your position size to risk that same 1% of your capital number two you want to treat breakouts with built up number three higher lows into resistance is a sign of string number for the for the first pullback right it offers you a chance to catch the trend so often if the market does break up try sometimes it may not retest back previous resistance than support for example what you look for is a trend continuation trait like maybe you know a bullish flag pattern pattern right to create a breakout of the is to get a boat and catch the trend that’s the first boob at number five you want to set your stop loss right away from market structure because as I’ve said earlier you said your stop-loss just below the low he’s gonna get triggered very easily so give it some buffer you know can set it 180 are below the lows right for your stop-loss the false bricktini is a chance for you to actually profit from breakup treat traders right so if the price breaks above like sea resistance any reverse and closed lower you know that traders who longer breakouts and now trip and you can actually take advantage of it by going shot by going against yeah their treat direction right and lastly right you can use limit orders to improve your risk to reward on your trade okay so with that said if you’ve enjoyed right this this video and you want to learn more I would suggest you put onto my website over here trading with Rainer calm right over here I share pretty much trading strategies and techniques right to help you profit in the financial markets right and scroll down little I recommend downloading these two training guides one is called the ultimate trend-following guide right well share with you how you can actually write massive trends in the financial markets and the other one is more of a price action trading how to better time your entries and your exits okay so going to my website download these two books right click this blue button and I’ll send it to your email address for free right and that’s it right if you’ve enjoyed this video right leave a thumbs up button yeah right subscribe to my channel and if any questions for me let me know below and I’ll do my best to help well that’s it I’ll talk to you soon

    Forex Channels – How To Draw Trade & Profit for Profitable Trading Decide Overbought Oversold Prices
    Articles, Blog

    Forex Channels – How To Draw Trade & Profit for Profitable Trading Decide Overbought Oversold Prices

    August 18, 2019


    let’s talk about channels for a minute
    here we’ve got an upward trend and as we discussed previously we can draw a
    support line which represents a diagonal which is kind of guiding the price and
    the price keeps bouncing off it in its journey to the top now what we’re going
    to do is we’re going to take this diagonal and we’re going to copy it and
    we’re going to put it above the price so there it is it’s got the same angle as
    the first one and it’s sitting on one of the highs of the price so once again as
    you can see here the price is also bouncing off this diagonal as well and
    bouncing downwards the price is kind of moving in a channel or corridor now what
    are we anticipating from the price going forward well right now we are probably
    expecting for the price to bounce off the top border and then to go back up
    this is where we would enter into a buy order so once the price has bounced off
    we would wait for it to hit this bottom border of the channel we would enter
    into buy order and if the price goes in our direction once it hits the top
    border again that’s when we would close our trade so it’s important to note here
    that in an upward channel you it is recommended to trade only buy orders and
    why is that well let’s step take a few steps back for a second at this stage
    we’re anticipating for the price to go down so we could technically conduct a
    sell order but it’s not advisable for two reasons first of all we’d be trading
    against the trend and that’s something we said we shouldn’t do we should always
    trade with the trend and second as you can see here the downward movement is
    actually smaller than the upward movement so in an upward channel if you
    create sell orders you will always earn less than if you create buy orders so
    that’s another reason why an upward channel you should only trade
    by work next we’re going to look at a downward channel so here we got a
    downward trend we can draw a resistance line if we copy that line we can see
    that very often the price will also follow the copied line so it won’t break
    through it will bounce off that line and channels are very common on the forex
    market and you’ll see this from our live training on a real account further down
    in this course so here we’re expecting the price to go up then we’ll conduct a
    sell order and we’ll close our order once the price reaches the opposite side
    of the channel so once again in a downward channel it is advised to open
    sell orders because you would be in this case you’ll be trading with the trend
    and you’ll get longer movements and so those are the two main ways of training
    channels it’s actually one way but in two different types of channels and it’s
    always trading inside the channel and more often than not the price does stay
    in the channel but sooner or later of course the price will break the channel
    and that’s why there’s an alternative strategy where in this case instead of
    opening a sell order you would open a buy order and you would expect the price
    to go somewhere out of the channel you would use this strategy when your other
    analysis is telling you that this channel is getting too old and the price
    is going to break through it so when the channel is quite new there’s more
    chances that the price will stay inside when the channels been around for a
    while the chances of the price breaking out are constantly growing both
    strategies are valid depends on the situation and what your other technical
    analysis tells you so to sum up with channels Direction trade with the
    channel stay inside the channel it’s more likely that the price will bounce
    into the channel there’s an alternative strategy which is a breakthrough
    strategy and that is used when you expect the price to break free from the
    channel all right

    The ULTIMATE Forex Trading Course for Beginners
    Articles, Blog

    The ULTIMATE Forex Trading Course for Beginners

    August 17, 2019


    hey hey what’s up my friend so welcome right to the ultimate forex trading course for beginners right so this is for you right if you’re new to forex trading you have less than a year of experience or you want to learn more about a forex markets then this course right will benefit you greatly so let’s begin so first and foremost what is forex trading right so forex trading right or the word forex refers to foreign exchange what you’re doing is trading one currency for another so who treats for x and y so there are numerous market participants or who treat forex for example you have the central banks banks corporations and retail traders so central banks could be because right they want to make their economy more competitive right by devaluing their currency okay so this makes their currency cheaper and exports will be more attractive for banks they could be because they are a market maker they are making a market in the FX market or perhaps they are trying to hitch their own portfolio for corporations right it could be because they need to buy raw material so they need to you know get involved in the foreign exchange for example if I’m Toyota I need to buy raw materials for my tire maybe the tire is a I’m buying from India so what I’ll do is that I would need to sell some Japanese yen right and buy Indian rupee right so that I can take this Indian rupee right and go to companies in India to exchange for the raw materials for my tires an example and for retail traders it could be because right you are trading the forex market to speculate to try and earn a profit to know generate a better return compared to you know putting your money in a bank right so these are the few groups of traders who trades the forex market so as you can see over here this is roughly how the forex market be the inter the web the network of the forex market looks like so in the center right the one which does the bulk of this transaction there are central banks and the major banks right then you have the investment funds and corporations who are trading with the banks and then finally right retail traders like you and me here retail traders retail traders or who traits in the market as well so this is the hierarchy right you can see that at the top of the food chain is the major banks the central banks then followed by medium-sized and smaller banks then the brokers okay H funds corporations and finally retail traders and a bottom so this is from baby bibs right advantages of forex trading so there are numerous advantage of you know forex trading number one there is high liquidity right so unlike stock said sometimes if you trade penny stocks or small cap stocks right there is no liquidity right and you have to pay a very wide bit a spread but for forex trader you typically have high liquidity so this means that you can get in and out of the trade right relatively easy right without paying a huge premium or or spread on it there is low barrier to entry any anyone can just open a forex trading account doesn’t really it doesn’t mean that you must be a high net worth individual and it’s a trap nope barrier to entry is no certain forex brokers allows you to trade nano lot so this in return right allows you to better manage your risk so for example one of the big problems that I think most stock traders face is that let’s say you have small capital let’s say 500 dollars and if you want to apply proper risk management on stocks it can be difficult because let’s say you’re on the risk 1% of your comp so $500 is I got 5 bucks if you pay the transaction cost it’s gonna be more than 5 dollars right for stocks right you you you get your broker to do the transaction or I think maybe one round trip is maybe really 10 or 20 dollars so it’s difficult to apply proper risk management on stocks especially with small accounts but for forex it’s possible because you can treat nano lots right and also Forex it doesn’t have t what we call the traditional transaction cost you only pay the spread right so this allows you to kind of like even risk $5 on a trade in forex if you are having the ability to treat nano lots with certain brokers so it really helps you better manage your risk you can treat any time you want forex pretty much is the market is open to in 4 or 5 from Monday to Friday so you wake up the market is open you sleep market is open and yep low transaction cost as I mentioned earlier so just a quick recap right so forex trading exchange of currencies traded by banks corporations and retail traders and this are the advantages that we covered earlier so now what are some of the different currency pairs in the market right there are three brought currency pairs that you should be aware of right the major currency pairs crosses and exotic currency pairs so the major currency pairs are are typically currency pairs there are the most liquid right and they have a dollar element to it for example euro dollar pound dollar dollar Swizzy dollar yen Aussie dollar and kiwi dollar and dollar Looney notice that they all have the USD element in all of these currency pairs and this seven currency pairs are the most liquid currency pair so that’s why they call it the major currency pairs the most popular and most heavily traded currency pairs and if you look at this right in 2016 right the number one most actively traded currency pairs is USD right number one followed by euro followed by yen pound or Z etc so now let’s talk about the cross currency pair so so cross currency pairs are currency pairs that don’t have a USD element to it for example euro crosses right means that the currency pairs has a euro element to it right euros Swiss franc euro pound euro Aussie the yen crosses right euro yen pawneean Aussie yen pound crosses right means that the currency pair have a pound element to it an Aussie on New Zealand and pound Canadian what about exotic currency pairs so these are usually currency pairs which are thinly traded they have a wider bit asks spread okay and the swings in this market can be more volatile as well so some of these examples are dollar against the African Rand dollar against the Mexican peso dollar against the Thai Baht dollar against the Indian rupee dollar against the Turkish lira okay so moving on right let’s talk about the different forex trading session so unlike the stock markets where you have just in one session the forex market you have typically three different sessions the asian session the london session and the new york session and they all open at different times of the day okay and it’s it’s even worse right there these times of the day are not fixed because it really depends on where you are in the world if you’re in Asia right you’re open I mean you’re your timezone right the time is different compared to someone in you yo so I’m just gonna go with a general example right and assume that you are from the US right so for the Asian section right it starts at 6:00 p.m. to 3:00 p.m. EDT right and this is doing summer period from April to October for the London session is from 3 p.m. to 12 a.m. EDT and the New York session is 8:00 a.m. to 5:00 p.m. EDT now what if you are not in US maybe you’re in London maybe in Singapore Malaysia right how do you translate this to your own local timezone very simple just go down to Google and search for forex trading session hours right so I’m sure there are a few results right now the top few one that will tell you right what is the current for accession in your time zone in your local time zone just do a search right forex trading hour session along that lines right forex trading hours right now forex market hour session something like that right and you will know what is the current forex trading session in your time zone and next right if during winter period around October to April right your Asian session starts at 6:00 p.m. to 3 p.m. est London is 3 p.m. to 12 a.m. est and New York is 8:00 a.m. to 5:00 p.m. est ok so which is the best session to trade forex so I think this kind of applies to almost any markets right the best times to create is when there is volatility in the markets because only when there is volatility only when there is price movement can you make a profit the market don’t move you’re not gonna make a profit at all right you can squeeze blood out of a rock so you need to be trading when there is most volatility in the markets and for day traders especially right the most volatile session is the London session and to be precise right the most volatile period is actually in the London and New York overlap session so you can have a look at this this is from a window you can see that this is the start of the London session end of London session start of New York session end of New York session so you can see that when London session starts right volatility has picked up and historically right the market is most volatile during the London and New York overlap as you can see over here the volatility here is the highest during this three or four hours okay now what about when is the best days to trade Forex so the concept is still the same right you want to be trading Forex when the market tends to move right on a certain base right which case does the forex market tends to move the most so Tuesday Wednesday Thursday generally is where the forex market tends to move the most right if you look at this this is from baby pips you can see that uh this is the currency pair this is the days of the week right and this are the movement of the the movement of the currency pairs on average right on this different days of the week so for example euro dollar on Tuesday it tends to move around 142 pips on euro dollar on Wednesday it tends to move about 136 pips Thursday it tends to move about on average hundred forty five pips so as you can see that over here if you look at it right Tuesday Wednesday Thursday tends to be when the FX markets move the most right so if you ask me Tuesday when I say Thursday those are the best days of the week to trade Forex now moving on right let’s talk about some common forex trading terminology so this might be slightly different from stocks right but generally the concepts right can be applied to C right so we all talk about what is long what is short what is the leverage of margin what is a bit what is a bit and ask and what is the spread so what is long and short so to put it simply right when you see that I’m long euro dollar it means that right you’re referring to the trade direction right you’re bullish on euro dollar you want euro dollar right to go up because that’s where you’ll make a profit so if you are long right you want the market to go up so you can make a profit if you are sure right it means that you want to market to go down so you can make a profit this means that you have a bearish bias okay so what is leverage and margin so leverage we first try to how much more you can trade relative to your account size so let’s see an example right let’s say you have a $10,000 trading account right $10,000 trading account and you’re using a average of let’s say a one to ten leverage one to ten this means where you can actually control ten times more than your initial capital this means your broker lets you trade up to a hundred thousand dollars worth of currency ten times more than your initial capital so this is what leverage means right how much more can you treat right relative relative to your initial trading capital so margin is just another way of looking at it right if you just take a hundred divided by leverage so for example earlier the leverage is 10 so hundred divided by 10 it says that you know your margin requirement right all right yet the margin require is just 10 percent right so if you want rate her at all one hundred thousand dollars worth of currency you only require to put up a ten percent margin which is ten thousand dollars so just different ways of looking at it one thing to point out is that leverage right it’s a double-edged sword you can make more in trading by the same time you can also loose more so let me share with you an example so let’s say again you have the ten thousand dollars trading account all right and you’re using a one to ten leverage of 100k will go with a stock example let’s say we’re gonna buy some shares of Apple right say the shares of Apple is currently $100 so let’s say you know shares of Apple has now moved up right two hundred and ten dollars one hundred and ten all right so it’s an increase of 10% so if there is if you’re trading we don’t leverage right you can see that you have actually made a gain of $1000 1k if you are using leverage you have a made of gain of panky so if you put into perspective right in percentage terms right what has happened is that without leverage you haven’t made a return of 10% with leverage you haven’t made a return of a hundred percent of your money okay this might you know looks looks good right and sounds really awesome but I want you to to take note that what happens if the shares of Apple drops by ten percent let’s say right now from hundred we move down to ninety dollars so your capital with ten thousand that’s right it’s a drop of 10% so you have lost one key you’re trading with leverage right ten times leverage right now a drop of 10% you have lost 10 K so pretty much pretty much essentially you have wiped out your entire trading account right when the shares of Apple has drop 10% so this is why I say that you know leverage is a double-edged sword you want to use this right with a responsibility you really must know what you’re doing so if you ask me if you want to learn more about leverage on how to better position size your trade right this is more advanced stuff you can go down to my website trading with Raina dot-com / 4-h this – Reese – management all right that’s where you can learn more about risk management in position sizing so now moving on right what is a pip a pip stands for point in percentage it refers to the four most currency pairs like the crosses the major currency pairs it’s the fourth decimal place so let’s say for example euro dollar right now is trading at one point two five one one okay so let’s say it moves up by two pips so what this means right is that it does now move up by two pips is big now the price is trading at one two five one three right so you’re looking at a fourth decimal place over here right for the most of the currency pairs for the yen currency pairs is slightly different right so for again it’s let’s say straining a 120 dot 105 pips so it’s now trading one 20.0 five right you’re looking at this second decimal place over here for the yen currency pairs right so bear in mind right so P basically refers to the smallest price move right in a currency pair and one thing to note right sometimes you know brokers they just try to be funny I knew you can even have something called the pig pen right so P pen right now for most currency pairs is the fifth decimal place right and for this one over here is the decimal place so you can really get email I mean you can really get really precise about it if you want to right so just something to share with you right it’s called the pipette so what is the billion ask all right so this is a the bit right refers to the price that you can sell it and the ask is the price that you can buy it so whenever you trading Forex or whether you’re trading stocks right it’s not just one price it’s always to price the bit and ask so let me share with you an example right again let’s say for euro dollar let’s say it’s trading at 1 200 1/1 203 okay the higher value is always to ask and the smaller value is always the bit so if you look at this right and you refer to to what I just mentioned earlier the ask is the price you can buy it so if you had a long euro dollar right now I’m gonna buy euro dollar this is the price you have to pay one point two zero zero three if you want to sell euro dollar right now this is the price that you can sell one point two zero zero one okay so this is what we mean by the bit and us the price that you can buy and the price that you can sell it and the difference between the ask and a bit is what we call the bid-ask spread right so if you look at this right right now if you take this one – this one you realize that it’s two pips right so this in other words right is that spread the transaction cost that you have to pay to transact with your broker so generally right for major currency pairs the spread right it tends to be tighter tends to be smaller whereas if you are trading exotic currency pairs the spread over here tends to be bigger wider so in other words you’re paying more right to create the exotic currency pairs so what is the spread yep as mentioned earlier right the difference between the beat and ask so now how do you read a Forex chatter I so let me share with you an example okay so this a Forex chart so this one over here is a from trading view you can go to trading view come over here or I didn’t get this access to free charts let’s have a look at candlestick chart right so what do you see over here right now is this red line over here is the the price right now to create New Zealand dollar this is New Zealand dollar okay so if you look at if you want to trade right let’s say on the sell you notice that again there is two price the bid and ask if you wanna say for example you see what I do I click on trade sell New Zealand dollar selling in a bit that’s what we mentioned earlier right you want you always sell at a big price let’s see it right now I want to buy buy New Zealand dollar you’re buying Eddie okay so as you can see right now the bid-ask spread on New Zealand Dollars you just take this one – this one is 0.4 pips okay so this is the bit ask spread so in other words right let me just you know break it down you know – what it all means so let’s say you want a long New Zealand dollar right now right so your longer this is the price that you have to pay so what this means is that to buy one New Zealand dollar all right you have to pay zero point six six zero one seven US dollar right that is the cost to buy one New Zealand dollar right now you have to pay zero point six six zero one seven you install it okay so that’s a pretty much how it works so moving on that’s how you read a Forex chart all right moving on right what is the Forex lot size so lot size refers to how much of a Forex currency pair you can buy all right so there are different lot size so the first one is what we call a standard law hundred thousand units or currencies right standard lot meaning lot 10,000 units micro lot thousand units and followed by nano lots anything below a thousand units so nano lot is a not offered by by all brokers or I typically brokers that a market maker they tend to be able to offer nano Lots right otherwise the most common Forex lot size that your trade is either the standard or the mini law so how do you calculate your gains and losses right so let me just walk you through an example let’s say you know earlier the New Zealand dollar example let’s say let’s let’s make it euro dollar it is still like the most common currency 1.200 one okay let’s say this is the price that you buy un long L and this is the price that you sow a dry you so let 1.200 five okay so surprise pull it s right sell this is long so what is your game on this trade well you can tell that you have actually earned four pips right you can tell right you and four pips can’t even spell it right you earn four pips right because you take a one point two oh five minus one point two or one that’s a difference of four pips but how much do you make on this trader is dependent on your Forex lot size are you trading a standard lot are you trading a mini lot or micro lot so a standard load right is hundred thousand units right so generally our stand a lot higher a thousand units right each team right is $10.00 per people now one thing to bear in mind is dead depending on the currency that you’re trading depending on the currency that your account is funded right this this our figure over here will change over time okay so you might need to check with your broker what is the value of one pip to you for one standard lock so let’s say you know you’re funded for USD account and your trading euro dollar so it will be $10 per peep so if you make four pips just now you saw right you made four pips right okay let me let me I’m a little bit okay okay for people is understandable for people right so what you’ll do is you take four multiplied by ten so there is a gain of $40 for you on that tree right you take the number of pips that you have earned or lost right multiplied by this uh how many dollar per pip that you’re treating right this value over here is dependent on your Forex lot size if you are trading so let’s say ten thousand you need to write it will be one dollar per pip thereabout okay so this is how you calculate your gains and loss in forex so moving on right the different types of Forex orders right so there are a few types right market order Lehman order stop order stop-loss order so let’s talk about market order so market order is an order right that tells your broker that hey you know I want to enter the market right now I’m the boss I don’t enter right now so the pros right of this approach is that you know for sure that you will be in the trade the broker will execute the trade for you and whatever is the markets prevailing price that that was like – this is that you’re actually paying a premium sometimes the market is moving for us it breaks out it’s you know going up up up up up and if you hit a market order you’re paying a premium okay so so that is the pros and cons right of market order limit order and on the other hand sir you enter only if the market comes to your desired price level let’s say you know Apple shares now is trading at $120 you think mid last too high I don’t pay her $20 for Apple shares what you can do is use a buy limit order all right and put it at let’s say $100 so this means that if Apple shares comes down $200 only then will you get filled on the tree so the pros of this approach is that you are typically right entering at a cheaper price right you let the market come to your price level the downside of this approach is that you might miss the move because Apple might not come back $200 it might go up to 150 200 and hey you miss the boat man and the other downside is that you’re actually trading against the current momentum because if you think about this right it’s the market fill you on the trick you’re actually trading against that down move against you all right so that might be a something that you want to know be aware of as well what about stop order right so a stop order is typically used right when you want to trade a breakout when the market is moving in your favor then you hop on and get on board the trade so it’s like let’s say Apple shares right now is $120 and you notice that this price right of Apple shares has not break above hundred and thirty dollars over the last two years all right so you want to trade a break on it on Apple because you might believe that hey if Apple hits hundred thirty dollars there’s a good chance it could be at 140 150 in a few weeks time so what do you do is you can place a buy stop order on Apple shares at 120 dollars and so you only enter the trade if the price hits hundred and thirty dollars and above so this is what we call a buy stop order the pros of this approach is that you’re entering your traits all right with momentum because the market right now the market has your back right Whitney said your back right so this is why you only enter when there is momentum in your favor the downside to this is that this might be of Spreaker right so what’s the false breakout is actually say the market right over here it breaks out and then it does a reversal and goes back into the range so this is what we call a false breakout all right so that might be possible right if you are using a stop order and stop-loss order right is pretty much an order right to exit your trick if it goes against you it’s somewhat like a insurance right to protect yourself to protect your account if the trade goes against you so let’s say again for example Apple shares you buy it $100 okay and you have a stoploss order at $90 so what this means right is that if the market if the price comes to $90 you will exit the tree all right so this is what we mean by using a stop loss order right so the the beauty of this is that you’re actually no cutting your losses you’re limiting the damage that could be done to your trading account the cons of this is they’re you know often right if you I would say often right depending how you set your stop-loss everybody there’s a very possible likelihood right there the market could hit your stop-loss right and then reverse back in your initial direction and then you might say oh man why do I use the stop-loss I’m so silly now I’m out of the trade and the market has went back in my favor so yeah you’re gonna get dead quite a number of times in your trading journey right it’s a fun and parcel of trading so you wanna Brit embrace this fact all right so this could jolly well happenin if you think about this this is worth it right because what if the price doesn’t go back into your internet direction what if it drops to like five dollars right you have pretty much you know wipe out a huge chunk of your capital so stop-loss order is like paying insurance right it’s like to give you a comfort of mind to know that you know you are protected no matter what happens right but sometimes right I would say that stop-loss right it’s like paying insurance it’s such like to pay insurance but you know when when the shit hits the fan right you’re glad that you have your stop-loss there to protect you right so that’s the the message there on a bring across okay so now the different types of Forex charge so generally there are or there are many types of Forex chart but we’re just gonna you know share with you dear three common ones the line shot bacha and the candlestick cha so if you look at this one over here I let’s look at line shot first line shot typically it’s a it’s a line on your shot right so he only shows you what it does is that it connects the closing prices of the chart okay see okay you can choose it already on the choose the closed open hi whatever but by default it’s usually connects the closing prices on a chart and it shows in a form as a line on this on the chart it’s very useful to identify the direction of the trend if you if you’re not sure you know what is the trend okay so there is a line shot moving on right we have what we call a bar chart so a bachelor different okay so I’m just gonna share with you how to interpret it so let’s talk about the the green one you see over here the green one typically means something like that right goes up okay okay so this is a green color bar chart so what this means right is that the open price right or rather than the closing price is above the open so this is why it’s bullish right the market has closed higher for the day so this over here this line and you see over on the left is open okay this one over here is the closed and this is the high of the day and this is the low of the day I mean sorry this is the low of the day alright so if you’re looking at a daily timeframe this is what it means if you’re looking at a one hour time frame then this is the high of the one hour time frame this is the low over the last one hour okay and if you’re looking at weekly timeframe this is the high of the week then this would be the low of the week okay the Kulu of the week right so this the again open and this is the close now what if you see a red color bar what does it mean well it’s just the opposite actually so getting the tools okay so if you see a red color bar so what this means right is that again right if you are looking at a daily timeframe this is the high of the day low of the day this is the open and this is the close this should be a quite common sense because this is a bearish but because the price has closed lower for the day alright has closed below the open so the close has to me below D open so the open is on top the close is below right so this is how you read a bar chart and for candlestick chart okay let’s have a look right same thing the concept is the same for green color bar okay let’s say green color bar this is the high of the day the low of the day it’s called LH so for it to be green for it to be bullish right where must the open B well the open must be below the close right so this over here is the open and this over here is the close make sense so now what about the rate color bar that you see so with the red color bar is just the opposite the red color bar like this right here so again this is the high of the day low of the day H no this is the low and this is the high and where is the open on the top or the bottom well if you recall right for the bar to be bearish right the open has to be on top right open and this is the close price close lower for the day okay does it make sense then let’s move on so now that you know how to read the different types of Forex chart let’s you know understand the different types of Forex analysis right so your fundamental analysis you have technical analysis and sentiment analysis so what is fundamental analysis so fundamental analysis typically deals with information like GDP across domestic product interest rates right a non vampiro consumer price index all right the macro in economic numbers figures right these are all things to do with fundamental analysis on the other hand right when you are dealing with technical analysis you are using tools like you know support and resistance candlestick parents Fibonacci ratios and etc right typically stop that you know gills with chatting right boils and there are falls down and falls under technical analysis and as for sentiment analysis you typically try and engage the sentiment of the markets you’re trying to identify what are the players doing so what you can do is to use you know tools like the commitment of traders report it tells you what are the commercial traders doing what are the speculators doing what are the was there about commercial speculators and I think was it was at the third cake that category right so this is what the common problem one of traders report would tell you right what are the different players of the market doing and to give you a sentiment in the market then you serve that the longshots ratio right know how many traders a long company a short to kind of give a sentiment do you know our traders bullish or bearish so moving on right let’s talk about the different types of trading strategies right so there are many trading strategies out there but generally it can be broken down into you know one of these three position trading swing trading and day trading so let’s talk about position trading so the idea right behind position trading is there you wanna you know okay let me just get the color right is that you want to capture a trend market so let’s say for example the market is in an uptrend okay and then it comes down a bit so it’s a position trader what you’re interested is to capture the meat of the trend right the meat of the trend right you can’t possibly get in near the lows or the highs but you’re just focused on capturing the meat so the meat of the trend right now in the bulk of it so that is what a position trader tries to do so you’re typically trading on the four hour time frame and above the for our daily or even weekly time frame and it’s very suited right for those with a full time job because you don’t need to monitor the markets all the time right you can just put on a trade go to work right settle your commitments and just come back before you sleep just check your charts once or twice per day that’s enough right because position trading takes time to play up swing trading on the other hand right it’s usually between the 1 and 4 hour time frame and it’s for those with full time jobs but you want a little bit more right not so you know passive like a position trader so swing trader right your goal over here is just to capture one swing in the market so what is one swing so this over here is one swing this is one swing this is another swing and this is one swing so as a swing trader you’re just interested in just capturing one swing in the market and that’s it you’re not interested in writing the entire move so if let’s say the market right it’s a in a trend right what do you want to do as a swing trader is to buy near the lows of the pullback and then as the market hits high you just capture this one swing over here and that’s it ok so day trading right is I would say a faster form of trading right it’s really trading below the one-hour time frame and it’s for those want rate for a living right day trading I would say it’s quite hard for those of you who have full time job because you know day trading week requires you to actively watch your trade manage your positions and if you have you know full time commitment elsewhere day trading is the last thing that you want to do alright so for day traders right typically you are just trading off the lower timeframe in capturing the introduced volatility right so that’s pretty much what day traders try to do so now let’s talk about the different types of forex brokers right I think this is an important topic and a topic that many of you are want to know more about right so for forex brokers generally it can be broken down into one of these two categories right dealing this broker and a non dealing this broker okay so let’s talk about dealing this broker right so dealing this broker and I pretty much brokers that are otherwise called market maker some of you might think what man rate a market maker right so you have you know like sort of bet blood against market maker because the handle stops yada yada right but just the thing right market maker is nothing wrong it’s just the way the business model works right what they do is that for market maker you’re a trader right you would treat if the broker okay so the broker would then what they do is they were if you’re like you know consistently profitable trader they would you know usually try to make your trades with other traders that you have on hand so they kind of net off their position or pass your trades right to other liquidity providers okay so they don’t have to have anything dude however if they kind of see that hey you know treated it loose consistently what they’ll do is just do you know trick against your position right they won’t purposely no ha no stop loss and stuff like that but it’ll just trade against your position take the opposite side of your position because they know in the long run right you tend to lose overtime so that’s the way you know they they handle their business operation right they won’t go out of their way to purposely you know stop your of your traits and the reason I say this is because the broken industry is highly competitive if you’re gonna do this to your customers right it’s gonna be a matter of time right through social media to reporting right before the word gets out right and you can have a bad reputation and you know you might even lose your entire business license altogether so it’s not worth right just to turn a few measly pits from a few traders to risk losing your entire business operation okay but the fact is that they will take the opposite side of your trade see they look at your past record and realize that hey you know you are not a very profitable trader you tend to lose over time and to make things easier for them they just take me opposite side of the trade right and you know squared off so on the other hand right you have what we call the okay let’s let’s turn a little bit more about this right so basically their market maker they take the opposite side of your trade and you it depends right sometimes they can offer you a fixed prep sometimes the spread is not fixed eyes slightly variable right but more or less right over time you tend to realize that the spread of your traits are pretty much fixed and for market maker they allow you to treat men a lot so if a broker it allows you to treat smaller than a thousand units high chance right it’s a market maker okay and again I repeat right there is nothing wrong or bad about market maker it’s just the way they run their business is their business model so now not dealing this you have what we call ACN electronic communication network and STP straight through processing so let’s have a look right an on dealing desk broker right so for example this one is an EC n right what they do is that the trader right will trip the broker and a broker will just connect you directly to the interbank market right means you can see the order flow of the other market participants for ecn okay you can directly interact with other liquidity product providers or other ECM participants right and usually you’ll be charged a commission on your trade so for example not only will you have to – a for easy and right you can actually queue at a bit and offer so you may or may not have to pay the spread right if you get filled on a bit on the offer okay but one thing for sure is that you will be charged a commission for every trade right depending your broker how much we trust you right you will pay a fixed Commission on it for this so-called service that a broker is offering you so another type of a Nandi link this is what we call a straight-through processing a broker what they do is again right here the trader right is the broker so the the broker will get a quotes from all the different liquidity provider right and then share share the most competitive one right with you right so what they’ll do is that this are currently the bid and ask right by this liquidity provider a B and C so what they’ll do is they’ll mock up this this spreads slightly right and then pass on the cost to you so what they learn is the the spread right the additional spread right from this uh course that you receive from the other liquidity providers okay so this is how a straight-through processing broker works so you can link you with other liquidity providers right and a spread is variable for this right so what they’ll typically do is that they link you with the other liquidity providers right they would then help you find you know the prevailing bid and ask spread right and then they bring back this piece of information to you and then just add on their own mark up their own spread right and that’s how they kind of earn it from you right for this service that they provide you with the other liquidity provider so this is like kind of you know one step behind the easy na you see earlier the EC it can go directly to the liquidity pool put in your orders and see the orders for this STP right straight through processing you can see the orders directly right the only the only the brokers that you trade with can see the orders okay so this area’s a little bit gray over here so who to choose right over here as your broker so you go with the ECM STP or market maker so for dealing des right or otherwise known as market maker I recommend it for new traders because primarily right they allow you to trade near no Lots this means that you can trade less than a thousand units and help you better manage your risk all right so this is important for new trainers because you don’t want you know go in with a fixed minimum lot size like one lot and then if your account size is too small you can apply proper risk management you might you know end up losing a lot faster so for new traders I recommend going with idling this also if you are a swing opposition trader I’ll see a dealing this isn’t that bad after all because as a swing and position trader your stop-loss so it tends to be pretty wide you know to 300 pips no problem and for dealing that’s right even though they’re spread might be slightly higher the if you copulate the spread right as a as a hard call it a spread as a function of your stop-loss right the spread is usually like what one over hundred of your stop-loss so it’s very small as well so if you’re a swing opposition trader right I don’t see why you might not want to consider a deal in this so for non dealing this I would recommend for traders who trade actively right you’re always in and out of markets right so this is where you want to get the best competitive spread right so I recommend it for day traders or scalpers to go with the non dealing deaths and this is usually for traders who are more experienced definitely and have a decent account size you give a thousand or two thousand dollars it’s not gonna make sense to be going with a non dealing desk okay so now how do you select a Forex broker so I’m gonna share with you a few things you know that you want to pay attention to right number one regulation execution customer service ease of weed roll right so let’s talk about this right so regulation right you want to make sure that your broker is regulated and regulated in the right countries if you ask me right if you tell me that you know hey this broker is regulated in Cyprus I don’t care you know that is regulated because it’s in Cyprus I don’t even feel safe so if you wanna you know make sure that your broker is regulated I would suggest right make sure it’s regulated by through reputable authorities like you know hey Amy yes monetary authority Singapore I think you have the FCA and a few others right from UK Australia as well so those are regulatory bodies right that you have more confidence in okay second thing to take note of is the executioner and how are your traits being executed is it like pretty instantaneously or is there like always a delay you get a record you know your your your orders get rejected right so you want to pay attention to how the brokers execute your trick shotting is a customer service I think it’s important right to have a life help desk when the market hours are open right you know speak to someone like you know maybe there’s a big news release that’s coming out maybe your position got stopped out you wonder why that happens right you want to speak to a customer service that have offers live chat support know you know send an email and wait five days for reply right it is that is bad and is a withdrawal you want to get your money you know pretty quickly right I would say in this day and age you should get it within five working days so I know it is you know telegraphic transfer and stuff like that so either withdrawal or it should be quite easy nowadays all right so let’s say for example you treat if your broker and you know you find that your broker did something unjust to you how can you protect yourself right so here a few things that you can do right number one record and screen capture everything right every time you put on a trade or you for example you get stopped out right for no rhyme or reason right record the trade the chart right and screen capturing okay second thing you can do right it’s a so once you record and screen ship capture everything right before you go to step two and three right you want to know reach out to your broker first and ask hey why is this happening right sometimes it could be because is that there is a big news event that’s coming up right so this is why the spread tend to widen right and it’s not the broker wants to purposely widen the spread to stop you sometimes it’s because there is lack of liquidity in the forex market like before NFP right the spread tends to widen so if your stop loss right etcetera is near the market where is trading right now there’s a good chance it could get stopped down so anyway screenshot your chance and bring it up to your broker first and ask for an explanation if you are happy the explanation right and then you know trait in a way that you know it doesn’t happen or makes it unlikely for it to happen to you again however if you’re not happy if the explanation and you feel that now they are doing something fishy behind the scenes right you can always bring up to social media okay I don’t know there are so many forex trading groups out there share the post right and let others you know kind of you know give you their opinion if they feel that hey you know is something fishy something is wrong right the post will go viral right and the broker would get a bet read from it and the last thing the broker one is you know to have such a bad reputation to effect no future business and finally right if you still you don’t want to do something about it right bring up to the authorities right you for example if you’re in Singapore you can go to mes and you know hey them say hey you know this broker is you know I suspect it’s no it’s not being fair right you bring them to mes mes would then you know find the broker right and say hey I received XYZ email from this person right you know what’s going on blah blah blah so the broker will get scared because they might risk losing their license if you know many traders you know reporter of such cases so you can also bring up to the authorities right and you know to have them look into the matter so I’ll say these are a few things that you can do to protect yourself right when you are when you are trying to trip with the right forex broker all right okay so with that said right I have come to the end of this forex trading course I hope you’ve got as much value out of it and if you want to learn more okay you can go down to my website trading with Rainer calm at the top over here okay trading with Viacom right and over here right we will cover more in depth about different trading strategies and techniques right so what if you learned so far just the basic foundation of forex trading we have not covered you know technical analysis you know or in debt right so what you can do is go down to my website trading with Rainer calm and over here I’ve got two trading guides for you alright the first one is the ultimate trend-following guy we’ll talk about how we can go about writing massive trends in the market and the other one is the ultimate guide to price action trading how we can better time your entries and exits in the forex market so go to my website click this blue button right and I’ll send it to your inbox for free okay so with that said I’ve come to the end of this video I hope you have you know enjoyed it you’ve got you learn something from it right and and if any questions for me leave it in a comment section below and you think this video is good hit the like button on this video and subscribe to my youtube channel right I would really appreciate it so with that said I wish you good luck and good trading till next time you

    SCALPING – DAY TRADING – BOURSE – PRESENTATION GENEVA TRADE CENTER
    Articles, Blog

    SCALPING – DAY TRADING – BOURSE – PRESENTATION GENEVA TRADE CENTER

    August 15, 2019


    Seul outil sur lequel un trader peut se fier à 100% et le carnet d’ordres l’ensemble des indicateurs qui vont des oscillateurs aux moyennes mobiles n’ont pas la précision de la profondeur de marché en complément le market profile est l’outil idéal pour apporter la psychologie des marchés à nos interventions bienvenue dans notre programme de formation intensive il se concentre sur l’ensemble des compétences nécessaires à la réussite notre objectif mettre en place des fondations solides au coeur de notre salle des marchés pour faire de vous un trader rentable

    All About Kim Jong-un – Supreme Leader of North Korea – 김정은
    Articles, Blog

    All About Kim Jong-un – Supreme Leader of North Korea – 김정은

    August 13, 2019


    Welcome to the Investors Trading Academy event
    of the week. Each week our staff of educators tries to introduce you to a person of interest
    in the financial world. This could be a person in government or banking or an important investors
    or trader, on just someone making the financial headlines in recent days.
    Much of the early life of Kim Jong-un is unknown to Western media. Presumably born in North
    Korea, Kim Jong-un is the son of Ko Young-hee, an opera singer, and Kim Jong-il, who was
    the military-oriented leader of the country for over a decade until his death in 2011.
    Kim Jong-un has continued the country’s nuclear testing and what is believed to be
    the development of missile technology despite international disapproval. He has pledged
    to focus on educational and economic reforms and is more mediagenic in his approach to
    leadership than his father. In the summer of 2012, it was revealed that
    Kim had taken a wife, Ri Sol-ju. While the couple’s exact wedding date is unknown, one
    source reported it as 2009. It has also been speculated that the couple have a child.
    North Korea’s controversial supreme leader Kim Jong-un has an estimated $5 billion at
    his disposal, according to the Huffington Post. The UN says this money should be spent
    on raising standards in this impoverished country and on its people but much of it isn’t.
    He reportedly spends an average $30 million each year on importing liquors into the country
    for his elite circles. His favorites are whisky and cognac, but not just any brands. He prefers
    the more expensive kinds such as Hennessy which can cost up to $2,145 for the best bottle.
    Kim spares no expense when it comes to his diet. He’s been known to order in top quality
    pork from Denmark, caviar delivered from Iran, Chinese melon and steaks of Kobe beef, a Japanese
    delicacy. While the exact figure he spends on feeding himself and his inner circle the
    best cuisine in the world is not known, the sum is estimated to be in the millions.
    Most people will only ever dream of owning a yacht, but Kim Jong-un is the proud owner
    of a 200-foot yacht that was described by his friend Dennis Rodman as a “cross between
    a ferry and Disney boat”. The top-of-the-line Princess yacht is kitted out with a Fendi
    interior and is valued at a cool $8 million. The Telegraph reports that the textbooks taught
    in North Korean schools apparently claim that Kim was a child prodigy who learned how to
    drive at the tender age of three. What is true is that he has quite an impressive garage.
    It’s been reported that he owns up to 100 cars after beginning to collect them at a
    very young age. His favorite brand is Mercedes-Benz. Kim recently gave an inside glimpse at his
    newly re-vamped private jet aptly named Air Force Un – a reference to the United States’
    Presidential aircraft, Air Force One. Having added luxurious touches like crystal ash trays
    and leather couches, the new look is a lot more lavish than the plane’s previously
    clinical interior and is likely to have cost him around $1.5 million.