The Den, and the Green Room Deal!

Hi everybody, welcome to Dex Fx Markets! Watch this video to get all the latest information on The Den and the Green Room Deal! Get clarification and confirmation on why you should jump into this great value before June 30. It’s a pleasure to serve you and we hope to see you inside! Please Like and subscribe to our YouTube channel, we appreciate that! Have a great day and trade well!

The Weekly Wrap-up

Hi everybody, welcome to the weekly wrap-up for 6-19-2020! We’ve got some new things happening here at Dex Fx Markets! Watch this video to get the scoop on all the exciting things coming your way! Please subscribe to our YouTube Channel and like this video too! Thanks, have a great weekend and trade well!

The Dex Summit

Welcome to Dex Fx Markets and The Dex Summit! Our very first summit where we talk about our new venture Dex Ally, and concrete working from home solutions. We’ll show you how to build your business successfully. Yes, we can help you at any level, so please watch this video to learn more!

The Chris and Maxx Show!

Hi everybody, welcome to Dex Fx Markets and to the Chris and Maxx Show! Listen, it’s been an awesome experience learning how to change your life in less than one week, lol! In todays world, depending on where you’re at in the world and whether your’re quaranteened, or suspect of whether or not it’s real or not, we don’t care! But what we do care about is your physical health, and your mental and financial health. Those 3 things are very important to us! Because if one of those things suffer, you probably won’t be able to make the other 2 work either. So, in these shows, we’re gonna try to bring you a sense of normality if we can. Thanks for tuning-in, we hope you’ll continue to watch The Chris and Maxx Show, where we share our hearts, ideas and passions with you! Thanks, Chris and Maxx

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Dex Fx Markets New Systems

Tune-in as Maxx Fairo, Founder and Senior Trader shares about Dex Fx Markets New Systems. And about an important update of how things have changed at Dex Fx Markets. The entire world has changed because of the Coronavirus. It’s affected most of us, and how we do business. So, we are going to move and groove with the times too! Watch this video to see how, and most importantly listen to how our changes will help you, and how you can help us stay afloat during this trying time! Please take the time to subscribe to our YouTube Channel, we appreciate that! Thanks for watching, and as always, stay safe and live well!

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Coronavirus Revamp for Dex Fx Markets

Hi everybody, listen-in closely as Maxx Fairo, Owner and Senior Trader at Dex Fx Markets shares his heart with you! This video is about the coming Coronavirus Revamp for Dex Fx Markets. He talks about how over the last few weeks we all have been dealing with a tremendous amount of things in the world and in our own personal lives. In the midst of the Covid-19 Pandemic and everything that’s been happening many of us have continued to deal with the world of trading, it’s volatility and escalating uncertainties. This has left us wondering about what to do next!

Please watch, this YouTube video. It’s a heart-to-heart with Trader Maxx explaining our new plan, in the hopes of keeping Dex Fx Markets going. With your help we can do it, and believe me you are going to love it!

The Four P’s of Trading

Prepare, Practice, Perform  & Pace

Now literally I came up with these on the fly because I want you to remember them and I really do like the letter “P”.

But let us break them down so you have a better understanding of what I am trying to relay
Here.

Prepare

Just like anything you need to be ready for what is about to come. Trading can be difficult unless you are prepared for what is about to come. So let me prepare you.

  • Here are some truths.
  • You will not become rich overnight
  • You will learn to see things you didn’t think you could like market moving and such
  • You will LOSE
  • YOU WILL WIN
  • You will get mad
  • You will be frustrated
  • You be happy and think you have superpowers
  • You will never ever think it is enough.
  • And most of all you will Question everything.

Prepared?

Well that was what to expect to really prepare you need to do the following. Before you read on every trader is absolutley different so this is a guide line for you to begin with then fit to your life.

  1. Make a time and place that you devote to trading.
  2. Close the door
  3. Remove all distractions facebook youtube and such
  4. Turn off your phone
  5. Use an alarm clock to set the time you need to trade.
  6. Schedule your time according to the news
  7. Investing.com is the best
  8. Comfortable clothes and environment.
  9. No need for suit or fancy clothes
  10. Make sure your tools are ready
  11. Have a template of websites you need to be efficient
  12. Prepare your environment every day before trading
  13. Be on Time.
  14. Have your Money management strategy on the ready- over trading sucks
  15. Once you are done trading collect your data. Transfer to your spreadsheets and analyze your successes and losses
  16. Call it a day and close everything out and don’t think about it until next time.

The above is just a small list. It may expand or lessen but every trader is unique as we said so add only what is absolutely needed..LESS is MORE

Practice

As you begin your mentality to prepare yourself to trade you need to do one thing before you trade any live money.

Of course, practice.

A Demo account can be your best friend or worst enemy you decide…

They say someone needs to do something 10,000 times to be a master at it.

Well I have accomplished that feat several times over with practice trades. LOL

  • Apply the learning phases to Practice accounts is very important but there are some rules to practicing that you should follow that are not so obvious.
  • Trade the Strategy exactly
  • Do not stray from the chosen strategy once chosen unless it has been exhausted.
  • Do not trade multiple strategies, this will cause confusion and an overworked brain to switch back and forth to multiple lines of thought.
  • Trade the Lowest volume possible
  • We tend to try and go ALL IN on some trades because we think the act of consistency is showing a winning balance and not winning trades that give us a good balance.

Example. Trading one contract at a time on NADEX will give you the basis of being able to scale easily by seeing the numbers . At the end of 100 trades or one month you can see that you have a balance of $1000 you can clearly then know to scale to $2000 you simply need to add one contract to each trade.

But if you have multiple contract amounts it is hard to see the scaling availability.

Check your losses for simple mistakes and then let it go.

A loss can be damaging but if you follow a method of checking to make sure you didn’t make a simple mistake of picking the wrong direction or trading during news then you must let it go as a loss in the strategy.

Too many times we try to find a way to remove the loss from our strategy thinking we can see a pattern…Trust me …I know… LOL

What you have to do is trust the strategy will have losses and if you followed the strategy properly its ok to lose. Do not assign a number to it per say just move on to the next trade setup and remove it from your brain.

Check your WINS for Simple mistakes and then Let it go.

Dejavue? YEP all over again.

Wins can be just as damaging as a loss. You can make bad habits happen with simple mistakes that result in a win, all the whilke thinking you may found a new strategy and you act on it.
Trust you will have wins but if you make a mistake and trade and you are rewarded with the win do not give it any weight and resume your search for the right trade next set up.

Practice like you will Perform

In the next section, perform you will begin your journey into Live money in most cause we try and give you as much practice as possible to handle all kinds of scenerios. Though most people fail this transgression due to one thing They did not Practice like it was live.

If you want to Play with Fake money, go play Monopoly…

Seriously to practice you must do it like you would live. If you are going into trading with $2,000 trade like you would in demo like you have only $2,000…

Though the suggestion above of trading the lowest volume in contracts should alleviate this, some still wonder over to the darkside and try trading 100 contract every once in a while.

This will mess with your mental frame work when it comes time since it will alter your data and natural trading ability.

SO Keep IT REAL…

Perform

Time now to get your grove on. Use what you have learned and pull the trigger on your first LIVE trade. Here is a list of things to expect and set up.

  • Create the mentality that the money is expendable
  • You may lose your first trade.
  • You may win your first trade
  • Trust the strategy
  • Trade lowest volume
  • Follow the incremental crawl method ( highlighted later)
  • Never jump ahead on contracts.
  • Murphy’s Law is always Watching.

Now there are many more things to anticipate but that was just a few. Know that if you become very good at trading in demo you are more than likley to good in Live money. Though the first few dozen trades you will question everything you do to challenge if you are ready.

My best advice is to strive through it and keep following your strategy until you have reached your first Money or time goals. That is what we will cover next.

Pace

You have been trading live. You have been doing well. YOu think you are unstoppable…
This is point most traders Fail and I MEAN HARD FAILURE.

Most taders have great intention at this point they think that adding volume is simple just nubers to a a bottom line..Though the brain is not ready.
So let us get it ready.

Apply the incremental Crawl method.

This is the method that has saved me from many a ruined account.

Since we are trading with the lowest volume we can only go up in volume form here but when do we know to add more?

We simple increase the amount of volume depending on our increasing balance.

When we use Nadex it is easy to figure out..

Take the average amount that you risk …Mine is $70 per trade.

Times that by 10 that = $700

For every $700 in my account I can trade one contract.

This gives me a 10% trade per risk ratio that I would have to protect my account.

I can not increase the amount of contract I do until I hit another level of $700

Example iof my account is at $700 and I trade and earn another $700 that would be $1400 I can then trade 2 contracts at the level of $1400

Wait what happens if You lose at the $1400 level with two contracts?
Go back to trading 1 until you what?!
That’s right get to over $1400 Simple.

Make sure to not over trade because you have extra time or need.

We tend to over trade because we have a few extra minutes at the end of a day or we have a need to make more money..You need to set a goal either on time or money per day.

Set yourself a goal of time or money.

I prefer a hybrid of both. I give myself two hours to trade or $200 make or $200 to lose. Makes it easy for me to control my time and energy.

So in closing you are now fit with the 4 P’s LOL go and Profit please while perfecting your Posture within the Past time of Perfection…

PHarewell..I know that one was a stretch

Trade Well