Crypto Global Macro Q4 2022

BESOMEBODYFX

CRYPTO GLOBAL MACRO

Trades

BESOMEBODYFX

CRYPTO GLOBAL MACRO Q4 2022

BEARISH IT WAS AND BEARISH IT REMAINS, FROM A MACRO PERSPERCTIVE THERE’S NO BOTTOM FOR CRYPTO on the horizon, YEt.

There’s just ONE key comment from Powell that you need to keep in mind in order to understand the current macroeconomic context:

“Will keep at it until we are confident the job is done.”

The “will keep at it” means they will continue to hike rates aggressively, and the “until we are confident the job is done” means until inflation shows meaningful signs that it’s slowing down.

It’s a pretty straightforward message from Powell to say that even if growth continues to slow down, they will keep on tighten monetary policy aggressively until they are confident the “job is done” against inflation.

In other words, for the time being, you can keep ignoring the “up only” crypto gurus out there.

The macros story remains bearish:

As we have been repeating in the previous crypto update and in the one before as well when BTC was around 45k, the macro context is that…

There’s no bottom in crypto until the FED turns. There’s no technical support that will hold until the FED turns. And there’s no level to load positions until the FED turns.

Powell’s current guidance does NOT leave any room yet for that “FED pivot” that can seal a bottom in crypto.

Thus… if you want to start buying for the next major bull run, this is still NOT the right macro environment YET.

The “path of least resistance” for crypto remains lower, and based on September’s dot plot from the FED we see that the board expects another 125bps worth of hikes over the next two FOMCs.

Which means they want to hike another 75bps at the November’s FOMC, and then possibly MAYBE slow down to 50bps in December.

In case you don’t know… The dot plot is an illustration of the personal expectation from each FED official of where the FED fund rate should be at specific points in time, and each dot represents each FED official’s expectations.

It is NOT a reliable indication of where interest rates will be. But it still allows us to know what the FED’s board consensus is.

And with the dot plot in mind, it’s evident, the FED is highly committed to keeping policy tight for as long as needed with large hikes and QT operations to reduce the size of their balance sheet.

In other words, another 75bps hike in November is another BIG interest rate hike, and 50bps in December is still big too. And all this while QT operations are now ongoing at full size:

QT pace is doubling…

As per schedule, the FED started it back in June and now it ramps up in size from September. Does it matter? Yes…#Bitcoin #DXY #USDOLLAR
— BeSomebodyFX (@BeSomebodyFX) September 1, 2022

If you want to understand more about Quantitative Tightening and its impact on markets we have written about that already.

All this aggressive tightening is NOT going to help crypto bulls, at all:

Cryptocurrencies are simply high beta assets, and like any other asset they fluctuate based on monetary policy and the macroeconomic context…

The bottom at 3k back in 2020 was not random…

The top at 60k was not random, and the whole move lower back to 20k neither…

Shifts in FED’s monetary policy, and specifically balance sheet adjustments, are always behind tops and bottoms across the crypto market:

All this to simply say that those same macro reasons that brought BTC from 60k to 20k are still there rocking…

The QT operations to reduce the size of the balance sheet are ongoing at a rapid pace. Inflation has NOT shown easing signs yet. The FED will deliver another 75bps hike in November, and the world is grinding into a recession.

That’s all bearish…

Does this mean that we can see BTC below 10k again?

Yes, for how the macroeconomic context looks right now, it’s a highly likely possibility.

As long the FED keeps going with their aggressive monetary policy tightening, BTC won’t bottom, and there’s no dip to buy, YET.

In simple, any downside target is possible as long as the FED keeps tightening monetary policy aggressively.

For BTC and the whole crypto market to bottom, inflation needs to show meaningful signs of slowing down, which would result in the FED slowing down to smaller 25bps hike.

I repeat…

There IS a scenario where BTC bottoms this quarter, but it involves inflation cooling down meaningfully and the FED slowing their tightening to smaller 25bps hikes.

IF that happens, BTC can bottom…

But at the moment, it’s NOT a likely scenario as inflation is still too high and the FED is expected to deliver another large 75bps hike in November, and 50bps in December.

Remember…

The price you see on your favorite crypto chart it’s NOT a good indication of whether it’s time to buy. Don’t be the one that thinks BTC is “cheap” because it’s back at 20k…

It’s NOT the price that says when BTC bottoms, it’s the macroeconomic context. And that says it’s still NO time to buy dips. There will be pullbacks higher, yes, but the trend will remain bearish.

That’s everything, we will update on our views with a new crypto global macro in the first week of 2023. You may want to leave us your email down below to get alerted when we publish it.

September 21, 2022June 17, 2024

Best Forex Fundamental Analysis Telegram Channels 2024

BESOMEBODYFX

BEST FOREX FUNDAMENTAL ANALYSIS TELEGRAM CHANNELS

Trades

BESOMEBODYFX

THE BEST TELEGRAM CHANNELS FOR FOREX FUNDAMENTAL ANALYSIS

Fundamental analysis in Forex is getting popular, nowadays the topic is gaining popularity and the interest is rising. So here’s the best to follow right away.

If you are looking for the best Telegram channel to follow for fundamental analysis in Forex, this article will do exactly that. We first highlight the best channel to follow, and then we dive deeper into the topic with more details to guide you in the right direction.

You will find many traders to follow for trading in general, but for fundamentals specifically, who’s the best?

Very simply, BeSomebodyFX is the best Forex channel on Telegram for macro fundamental analysis.

If you know something about signal providers you will definitely know that the majority focus on technical analysis.

Right?

Yes.

That is the fallacy of the retail trader, he focuses only on technicals, and not on what really moves the market.

And if you are experienced enough in trading you will know that both trading styles are useful.

In other words, the experienced trader knows that fundamentals and technicals go hand in hand.

Fundamental analysis is used to determine the direction of a currency, and technicals are instead used to execute the trade idea at the right levels with the right risk rewards.

But let’s not get off topic.

The best Forex fundamental analysis Telegram channel:

BeSomebodyFX is the best that provides useful insights and trades.

Here’s the link to the official Telegram channel:

https://t.me/BeSomebodyFX

AND Here’s an example of a trade:

That’s what can be considered professional and insightful.

On top of that, you will find valuable insights and executable trade ideas, what most would call signals.

Now, we have broadly discussed already the best Telegram channels for Forex signals.

So in this article, we go deeper into this specific trading approach.

The best fundamental analysis:

Technicals are easier to understand, let’s face it.

For beginners, a simple currency chart makes more sense than concepts like monetary policy, interest rates, and such.

This type of analysis can look complex and articulated.

I know.

But in reality…

It all depends on how it’s delivered and explained.

For instance, instead of doing complex macro analysis of all the various factors affecting the economy of a given currency…

HERE’S A PRACTICAL AND EXECUTABLE APPROACH TO FUNDAMENTALS:

Not too complex, isn’t it?

It all depends on the experience and language that the trader sending the insight uses.

No need for fancy words. Keep it simple, so to speak.

I mean…

Fundamental analysis does NOT have to be complex necessarily.

So that’s why it’s important to follow the right traders that can explain and illustrate this trading approach well.

And that’s why the best type of analysis is the one that can be understood, explained, and illustrated in actionable practical terms.

That’s where the value is.

Because if something isn’t actionable, what’s the point?

I can give you a pretty articulated fundamental research of a currecy pair, with all the possible details about the macro details for a specific currency.

But if it’s not an executable trade there’s not much value in it.

Makes sense?

Ok.

Forex fundamental analysis on Telegram:

The first thing to do is to differentiate between the traders that actually provide actionable ideas from the ones that just send “analysis” and not trades.

In other words, there’s a big difference between a trader and an analyst in Forex.

Similar in definitions but completely different in practice.

The trader knows how to actually trade, while the analyst only knows how to generate a research on a currency pair.

Obviously, it’s NOT the same thing.

And that’s why technical analysis and fundamentals go hand in hand for professional traders.

They are both useful to a trader’s purpose.

Technical traders are realizing how powerful a macro view is in trading.

Starting from the Federal Reserve and how influential it is on the market too:

Really, people are realizing that this is what drives the market, and thus the interest in the subject is rising.

Ok, but what’s all about?

What is fundamental analysis in Forex:

We can get into a lengthy discussion on the subject.

But to put it VERY simply, this type of market approach is about understanding monetary policy and its influence on markets.

I mean…

The use of fundamentals as a trading strategy is basically about understanding how macroeconomic factors like monetary policy influence markets’ fluctuations.

And I know…

That might be different from what you have read somewhere else.

But that’s the point.

Because if we look at the classic definition on Google you will find just theoretical nonsense.

Really.

The practical approach is much different.

Don’t get me wrong, it is NOT just about monetary policy.

There’s a lot more than that, and I mean A LOT more.

It’s a wide subject, and monetary policy itself is a wide topic that goes from interest rates to balance sheet and more, so it’s a lengthy discussion.

Also it’s a qualitative approach.

What’s that?

Well it means that this type of research is done with qualitative analysis, hence it’s a subjective topic. Meaning that each has its own style…

But the point that I want to make is that macroeconomic factors are a major influence on the markets.

So?

So it’s important to follow a good and experienced Telegram channel that provides fundamental analysis in Forex.

And that brings us to the next popular question.

Where to get the right fundamental analysis:

On Telegram.

Yes, there are plentiful groups that provide trade signals and insights.

But, keep in mind…

Very few have a reliable and consistent approach.

So who should you follow?

BeSomebodyFX is the best one if you want high quality trade recommendations.

It has professional insights with also trade ideas that are executable, not just the classic theoretical analysis.

That’s where to get Forex fundamental analysis and keep in mind there’s a big difference between a trade and an analysis…

Trading signals are more specific and actionable than a simple broad macro research.

For instance, I can tell you such and such currency is bearish or bullish with plenty of macro details, but executing on it is a different thing.

I mean…

You have to find an entry level, a stop loss level and you have to find a target with a good risk reward.

Right?

Yes.

So what I’m trying to say is that the right Forex trading groups on Telegram are the ones that provide actionable trade ideas, not just random commentary.

But you know that well already, don’t you?

fundamentals are more professional:

You will notice one major difference between the macro traders and the ones based only on technicals…

What is it?

Simply…

Macro traders, in general, are more professional and experienced than the average retail traders.

Really?

Yes.

And the reason is because this kind of approach requires more time to understand fully, thus you tend to find more professionals using such a trading style simply because they are more experienced.

And of course…

There are tons of highly professional technical traders too.

But…

If you are on Telegram and you already follow some channels for signals you should know what I’m talking about.

The differences between professional and unprofessional traders are evident in all aspects, we have discussed this extensively already.

In other words, this trading approach requires some experience.

And thus you can quickly recognize professional fundamental traders from the unprofessional ones.

So here’s the next important point.

The benefit of professional fundamental analysis:

The best traders always have other traders giving them ideas and insights on which they can act on.

And for that reason, Telegram channels that use this trading style are extremely useful.

Simply because you don’t have to do all the research yourself. You can have other professionals that bring you actionable and valuable trade ideas.

That’s cool, right?

Yes.

That is an extremely valuable tool in your trading, because when you try to do everything yourself you may miss some information, or you end up burning out.

So, follow the traders that can generate valuable insights and reccomendations for you to execute effortlessly in your trading.

We have written extensively about Forex fundamental analysis signals already.

And I can tell you that the difference is always made by deciding to follow the right traders and not the unprofessional ones.

I mean…

Telegram is full of random kids sending useless trades.

So find the professional ones and focus on that.

And with focus I mean remove the noise from who is unprofessional.

Makes sense?

Focus on following the best.

It’s a simple but extremely valid advice.

Forex fundamental analysis tools:

One of the popular questions about this trading style is if there’s any tool to help with it.

Like a trading indicator that gives you the macro details for a currency.

Now, this a bit of a discretionary and subjective topic.

I mean, there are no fixed rules for this style of trading.

Often you may see that one trader is bullish on a currency for a specific reason.

While another may be bearish on that currency for other reasons.

That highlights an important matter about this…

Experience is what matters.

What I’m trying to say is that there’s NO fixed rule or specific tool to use for analyzing the market fundamentally.

There are some trading frameworks and strategies that can be used, like certain leading indicators. But the whole thing must always be put into context, and that skill is created with experience.

So the best tool is to follow the right experienced Telegram channels to help you get the right macro views and trades.

At the same time by following such experienced traders you can learn and develop your experience as well.

That’s a massive advantage.

Fundamental analysis in crypto, does it work?

The answer is a straightforward yes.

Cryptocurrencies are gaining a lot of popularity, and thus traders are starting to ask if these concepts work for trading in crypto too.

Obviously, it’s a complex subject that involves understanding the Federal Reserve and its balance sheet adjustments. But yes, cryptocurrencies are affected by macro fundamental factors, a lot.

And in terms of Telegram channels for cryptocurrencies, there are tons.

But, it’s the same story…

I mean, in crypto very few understand and focus on macroeconomics.

Most just use classic retail trading technical analysis.

So?

So follow the right ones.

How to learn fundamental analysis for Forex trading:

To learn about fundamentals the right way you have to be smart and learn by experience.

What do I mean?

I mean that the theory only brings you so far, what actually makes you a good trader in any style is simply practice and experience.

Sounds pretty logical, so…

How do you build experience in Forex?

Well, you do that by trading with the right macro traders. And, you do that by reading insights and following trades from the right sources.

In simple, you do that by following and studying professional and experienced traders.

That is how you learn to trade with this approach.

Simple?

Kinda, yes.

And that is why it’s so valuable to follow high quality Telegram channels that provide highly valuable and educational trade ideas.

There’s plenty that you can learn from each trade, you just have to take notes, research, or ask about what you don’t understand.

In simple…

Do the work.

Get a solid trading education that is basic and then move on to more advanced concepts by learning from more advanced traders.

And that’s everything there is to say about trading fundamentals on Telegram:

This approach to trading is a powerful style.

And following the best Telegram channels for Forex trading that provide actionable trades and insights is extremely valuable.

In simple, this type of signals are always professional and solid if you follow the right traders.

And above we have given you the best recommendation to follow.

Now you just have to be patient and disciplined, this style is a powerful tool in your trading.

So follow the best Telegram groups to help you make the best fundamental analysis for your trading.

We have explained in detail already in this article why it’s the best with all the various nuances. Now you just have to put in the work to start studying and trading professionally.

And remember:

If you want the best trades and insights you have to follow professional experienced Forex traders.
To learn about this trading approach the right way you have to work smart, not hard.
Telegram channels for trading are extremely useful when you follow the right ones.

The best Forex trading fundamental analysis on Telegram:

To conclude the article let’s recap the best fundamental analysis Telegram channel for Forex trading.

BeSomebodyFX is the best for that.

Patience and discipline are needed with this approach, there are more longer term trades than shorter term ones, but the rewards are noticeable and worth the effort.

In other words, fundamentals in Forex can be very rewarding and consistent, and the Telegram channels that trade with this approach are easy to follow and professional.

August 24, 2022June 8, 2024

Top 3 Best Forex Telegram Channels 2024

BESOMEBODYFX

TOP 3 BEST FOREX TELEGRAM CHANNELS

Trades

BESOMEBODYFX

BEST FOREX CHANNELS FOR FOREX SIGNALS

I know, you are looking for the best Telegram channels for Forex signals, the top ones, The best of the best, right?

Great, you will find many different recommendations around the web for what are the best Forex Telegram channels for 2024 and beyond.

We have also already written extensively about the best professional Forex signals subject.

But unsurprisingly, there is a large distinction to be made between the various signal providers.

Yes, because there are professional signals and unprofessional ones.

Sounds logical, right?

It sure is logical. So, let’s make it very simple, we are not going to list too many channels, just three.

The top 3 Forex Telegram channels for 2024 and beyond:

BeSomebodyFX
UncleBullFX
Wealth FX Hunter

As I said, there are a lot of average signal providers out there…

BUT what about the BEST ones?

That’s a whole different story, and those are very few. Now, let’s say you want some signals for your trading…

The first thing you Google “Best Forex signals on Telegram” or “Free Forex signals”.

Now, imagine you have no experience on the subject, it gets pretty confusing, doesn’t it?

I know, most of the lists out there have just random channels that are copied from one another. They don’t have really valuable recommendations.

All those websites that claim to send profitable Forex signals, and don’t even have a track record. Yes, a simple track record like a myfxbook.

Hence, here instead of listing too many random signal providers like other articles, we just list the top 3. Sounds cool?

Here is the best Forex Telegram channel:

https://t.me/BeSomebodyFX

If you are looking for real professional Forex trading, BeSomebodyFX is exactly that.

The BeSomebodyFX public Telegram channel gives you valuable trades to follow and extremely useful trading insights.

You won’t find spammy messages, no noisy and loud promotions, no flexes about winning trades.

Nothing which resembles the “average” Telegram channel. Just pure professional and consistent trades and insights.

The professionalism and accuracy of BeSomebodyFX make it number one on this list of the best Forex Telegram channels.

Fewer trades but more accuracy, quality over quantity so to speak.

A great Forex signal provider has to be like that:

You can’t follow dozens of random trades a day sent at any time of the day randomly.

Instead, you need consistency, you need highly accurate and professional trades that can be followed with ease and with confidence. Makes sense?

No matter who you follow, you have to be sure that you are following highly high quality Forex signals and traders.

Really think about that for a second. If you follow a random unprofessional trader you get random unprofessional trades.

But if you follow an experienced and highly professional trader you get accurate and profitable trades to follow.

That makes all the difference, right?

If you follow random trading signals, you get inconsistent results. But if you follow professional signals by following the best signal services, you get professional, consistent, and accurate trading results.

It’s not rocket science.

The hard part is finding the best signal providers on Telegram for profitable signals.

It’s about the quality of the Forex signals and the traders you follow:

In other words, the quality of the Telegram channels that you follow decides your trading results.

BeSomebodyFX is high quality and it’s the type of trading that is highly professional.

Ever heard about central banks? Monetary policy, interest rates, macro fundamentals?

If you have, great you will find the BeSomebodyFX Telegram channel perfect for your trading.

While If you haven’t then it’s time to start studying what BeSomebodyFX does and take notes because that is professional trading. That’s what professional traders focus on and you can learn about fundamentals by following the right channels.

That trading style is what is usually called fundamental analysis or macro fundamental analysis.

And BeSomebodyFX is the most professional and most accurate when it comes to Forex fundamental analysis on Telegram.

Often traders ask about the difference between technical analysis and fundamental analysis. Or even what’s better between technicals and fundamentals:

And the truth is that you need a bit of both in your trading, simple.

Market trends are created by macro fundamentals, and technicals are useful to find lower timeframe entries in the direction of the macro trend.

In other words, fundamentals should be used to assess the direction of a currency pair, and technicals to find the trade entry in that direction.

Here are the two other best Telegram Forex channels for signals:

Now, the other two on this list are UncleBullFX and WealthFXHunter.

UncleBullFX is active in both cryptocurrencies and Forex. Recently he has been doing more cryptocurrencies than FX but he does tend to do both overall.

This channel helps you generate profitable trade ideas. He doesn’t always send straight signals, but he does send very actionable trades to follow.

However, between crypto and FX, you get very valuable trade ideas with UncleBullFX. And thus it’s well worth a follow.

UncleBullFX Telegram channel is beneficial to both beginners and experienced traders because the trades shared are not too complex, which is great for beginners.

But on top of that, his trades are also insightful and detailed enough to satisfy professional traders.

SOUNDS GOOD RIGHT? YES, AND THAT’S WHY IT FITS WELL IN the list of the best forex channels on telegram.

He is highly technical analysis driven. He shares plenty of insightful charts with technical details that are actionable and can be useful for your trading.

Remember, technical analysis in and of itself may not be enough, but it is an essential tool in a complete trading framework.

The third TELEGRAM channel worth mentioning:

While If you are looking for a trader that is more technical and algorithmic driven, Wealth FX Hunter is a great option.

It’s a Telegram channel that brings some variety to the list because his trading is more short term and more technical analysis based.

And he also has some algos running automatically to trade for him which is an added bonus.

The man behind this channel is an experienced trader, and he knows what he is doing. It’s worth following to keep an eye on his content.

And that covers the BEST Forex Telegram channels:

You may think that 3 are too few.

And you may be correct, but we value quality over quantity in this list.

Don’t follow too many signal providers because that way you will just get overloaded with ideas and opinions.

Follow the highly professional ones, that’s all you need. I’m sure you will be able to understand the value of the three Telegram channels shared here.

They won’t look like the average signal providers, and that is the whole point of it.

The average Forex Telegram channel out there will just send you random trade signals with no analysis and no chart to explain it. Like this:

It doesn’t take a genius to understand that it’s not the type of content that you should follow for profitable signals.

And it’s going to sound obvious, but it’s essential to filter through the noise of the unprofessional traders and focus only on the professional ones to trade consistently.

That will make, over time, a great deal of difference in your trading.

The trading minds that you surround yourself with, will influence you to either trade better or worse, depending on who you follow.

Think about that, it’s important that the traders you follow are experienced, professional, and transparent so that you can take the right trades and also learn.

It makes all the difference in your trading.

And to get specific into the subject so that you can understand what we are talking about here’s an example of what IS professional for Forex signals:

See how the trade in the above example is well explained and detailed? That is professionalism.

That is the kind of value that you should want from the FX traders you follow.

Don’t be satisfied with just “buy here, sell there” you need to know more…

Why should the trade work? What are the possible scenarios? What are the technical details and zones on the chart to look for?

All those details are essential for you to follow signals and trade recommendations with confidence.

Now to add more detail on the whole topic, here are a few common questions on the matter that are worth answering:

Are Telegram Forex signals reliable?

The above is probably the most popular question on the subject. And you know why?

Because often traders follow the wrong traders and end up getting chopped out by random trades. So here’s the point…

Yes, trade recommendations are reliable as long as you follow professional traders. The highly experienced and transparent traders. Not the random kids out there sending random trade signals.

If you want good trading performance you have to follow highly qualified and professional traders. In other words, you have to follow the best Forex Telegram groups if you want the best trades.

Yes, it’s obvious. But are you doing that?

How to use Forex signals and how do Forex signals work?

Well, a good trading trade recommendation should have all the details you need to trade it.

It should have the details about the currency pair in question. The support and resistance zones from where to take the trade. The zone where the trade would be invalidated, and the zone where to take profit.

Something like this:

Obviously, some basic knowledge about trading is necessary.

Before you look for trade ideas you should know already what a “buy signal” is, what a “sell signal” is, what long or short means, and the difference between limit and market orders.

These technical definitions are necessary so you can understand the trade reccomendations properly.

For instance, you need to know how to read a chart before you can understand how to follow a trade.

I’m talking about basic price action and classic support and resistance concepts. With some basic knowledge, it will be easier for you to read charts shared by signal providers on Telegram.

And also, you need to know how your trading platform works. So you need to know already how to place trades on your preferred platform.

There is plenty of content on Youtube for instance to learn the basics, don’t be lazy, and do the work.

Are Forex trading signals always accurate?

No, that is a straightforward NO. Whoever you follow, trade reccomendations will NOT always be accurate.

When you follow professional trades you will see winning but also some losing trades.

But here is the key:

The winning trades are larger than the losing trades. That is called “good risk reward” in trading, and it means consistency even when some trades will not work as expected.

Remember, not all trades can be winners, you have to manage your risk correctly and follow good risk rewards.

And since you follow professional traders you will be able to always come up on top.

Oh, and by the way. Beware of traders that hide their losing trades, or just don’t update them while they keep flexing about the wins.

Transparency is extremely important when you follow a signal provider, it shows professionalism and competence, which is a must.

Let’s conclude with a few important points to remember when evaluating a Forex Telegram signal provider:

Evaluate the quality of the trades. You have to make sure that the trades are well explained with charts and various details.
Try to evaluate whether the signal provider is transparent and doesn’t hide losing trades. When a losing trade is ignored and not updated that’s a first warning sign that should label the trader as unprofessional.
Quality over quantity, fewer trades but more accurate and more consistent.

Also, do you prefer dozens of signals a day that you end up missing or getting too late because of your timezone? Or do you prefer a solid swing trade that you can easily follow and that doesn’t require much chart time?

Think about it and decide what you prefer.

Good solid swing trades that are more accurate and require less effort to manage and monitor are golden.

We can get into a long discussion about the differences between intraday trading, scalping, and swing trading.

But you didn’t click on this article to get schooled on that, you are on this page to know the best Telegram channel to follow for Forex signals.

So we will keep the discussion about the different trading styles for another article.

Just remember, follow the trading style that suits you.

If you like intraday trading, the short term kind of trading, then follow traders that trade intraday.

And if instead, you prefer longer term trading, what’s usually called swing trading, then follow swing traders and get useful fundamental analysis insights.

And obviously, you can also do both and follow both styles at the same time.

Actually, that would be the best advice.

Highly professional traders are adaptable. There are certain trading environments, like high volatility ones, where there are plenty of shorter term trades to take.

But there are also lower volatility trading environments where longer term position trades work better.

FX volatility and market volatility are important subjects to understand by the way. Professional traders understand volatility and they adapt accordingly, just a side note to inspire you in the right direction.

And that’s everything…

We have just introduced you to the top 3 Forex Telegram channels that you can follow straight away.

There is a lot to learn from these channels, take notes, and study what they do.

All three Telegram channels have slightly different approaches to one another.

BeSomebodyFX is more macro fundamental driven. UncleBullFX is more technical analysis driven. And Wealth FX Hunter is shorter term technical analysis with automated algorithmic trading with copy trading and Expert Advisors as well.

Three different trading approaches, but all three are very professional and highly valuable. This is all you need in your Forex trading.

You can find them all on Telegram and across various social media, but make sure to follow them on Telegram as that’s where you get the trading signals and trading suggestions.

Using profitable Forex signal providers will improve your Forex trading. But remember to keep it professional yourself too.

Currency trading is getting very popular, and with that Forex trading signals are becoming an important tool for traders that need assistance in their trading.

You just have to make sure that you follow the right ones, that is important.

Now you have three wonderful Telegram channels listed above but you still have to be disciplined and patient with the trades.

Following the professional Forex signals is the first and most important step, but you still have to put in the work. A good signal provider will give you profitable trades but you still have to follow the trades with patience and discipline.

August 16, 2022May 29, 2024

Best professional Forex signals and professional traders 2024

BESOMEBODYFX

BEST PROFESSIONAL FOREX SIGNALS

Trades

BESOMEBODYFX

BEST PROFESSIONAL FOREX SIGNALS AND TRADERS

You are looking for the BEST PROFESSIONAL FOREX SIGNALS AND PROFESSIONAL FOREX TRADERS on TELEGRAM, I know.

Look, I know what you are thinking, you are tired of all the random Forex signal providers on Telegram. You want professional signals, not the random kid sending random trades.

I know, it’s confusing out there. Too many Forex Telegram channels that provide random unprofessional trades with no analysis attached.

I got you, you clicked on this article and you will be rewarded with a good recommendation for a professional Forex Telegram channel to follow. In other words, the best Forex signal providers.

Whether you are looking for free Forex signals or paid Forex signals it all comes down to one thing:

The professionalism of the signal provider, right?

And yes, professionalism and profitability are often very correlated in trading. The more a signal provider is professional the more likely he is to be profitable.

Now, let me tell you a story…

Wait, a story? I just need a signal provider for Forex trading.

I know, I was just messing with you a little.

Let me go straight to the point by first giving you what you clicked this article for.

Here is the link for the professional Forex signal provider that we recommend following:

https://t.me/BeSomebodyFX

Now, here are a few details on why BeSomebodyFX is indeed the best professional Forex Telegram channel for signals and more.

Have you ever followed a Forex signal provider on Telegram that looks something like this?

I’m pretty sure you have…

Tons and tons of Telegram signal services for Forex trading out there look exactly like the example above.

Well, that is NOT professional. What do I mean?

Think about this, you want to follow a trader that gives you profitable signals, right?

Of course, you do.

So, do you think it makes a difference if you follow a professional Forex trader with real experience or if you follow a random kid that has no experience?

Yes, it makes A LOT of difference.

Who you follow for trade recommendations matters in your trading and your performance.

But I don’t want to bore you with that, it doesn’t take a genius to understand that if you follow unprofessional traders you get unprofessional results. You should know that already…

And that’s probably also why you searched for “professional Forex signals” on Google.

You understand that professionalism is important and that professional signals in Forex are the successful and reliable ones.

So, let me show you what truly IS a professional trading signal so this will also help you have a framework from which to evaluate other signal providers to understand if they are professional or not.

Let’s take a trade example from the BeSomebodyFX Telegram channel:

Immediately you can see the difference between BeSomebodyFX and any other Forex signal provider.

Look at the details behind the trade recommendation. It’s not just a random “buy here and sell there”.

You do get the details on how to execute the trade, so you do get an executable trade plan. But you also get an insightful explanation of why the trade should work.

You know where to go long or where to go short, where to take profit and where to place your stop loss. But you also get more details than that.

But what do I need more details for? Once I know the trade entry price, the stop loss, and the take profit I have all I need.

No, and if that’s your thinking then you are thinking small, and I know you are smarter than that. When you take a trade or when you follow a trade signal you MUST know why you should follow such trade.

In other words, you should know the logic and the reasoning behind the trade so that you know it’s not just random.

But no need to reiterate that, we have discussed extensively the difference between a professional Forex signal provider and the opposite in another article.

The importance of professional forex signals:

See, when you get around the right minds you tend to learn just by looking and following what they are doing. Right?

That’s true in all sorts of things, and it’s true in trading too…

That’s why it’s extremely valuable to follow professional traders that carefully explain every detail of the trades so that you can understand the logic behind them.

Wait, I know what you are thinking…

You just want to have profitable and accurate trade signals, and that’s the point I’m trying to make. What do I mean?

What I’m telling you is that there is a correlation between how a signal is shared and its profitability, really?

Bear with me…

You know, this article is titled “best professional Forex signals and professional Forex traders” for a reason.

And if you landed on this article you are looking for professional Forex signals, so you kinda understand this concept already.

The point is that if a signal provider on Telegram shares only the trade details with no chart and no analysis attached, that’s your first red flag that the signal provider is NOT professional:

But if instead, you see a Telegram channel that sends trades with insightful details, detailed trading charts, and comprehensive analysis of the trade in question.

here’s an example of a professioanl forex signal from BESOMEBODYFX:

Then you have a valuable and profitable Telegram channel to follow for Forex trades right there.

That advice alone may allow you to filter out most of the nonsense signal providers out there that will just waste your time with random trades.

But what about free Forex trading signals and paid Forex trading signals? What’s the difference?

Alright, let’s put it this way:

Between paid Forex signals and free Forex signals, there shouldn’t be any difference whatsoever.

So paid signals should NOT be more professional than free signals. With paid signal services you may get more care and more trades, but the professionalism of the trades itself shouldn’t vary, that’s all.

And it’s not just that, you can “sense” the professionalism of a signal provider by the way he trades as well.

I mean, should we even discuss Forex indicators?

If you have been trading for some time you will have realized by now that technical indicators in trading are often useless.

Don’t get me wrong, they are NOT always useless nor completely useless. Technical indicators have a place and classic indicators like moving averages or RSI are useful, but they are not where trade ideas should come from.

Often you see traders take trades just because the RSI is overbought or oversold, well that’s not how it should be done.

That’s NOT a valid and professional trading strategy, but you should know that already.

Let me show you what I mean. See this trade example from BeSomebodyFX:

Do you see any technical indicators on the chart? Any mention of indicators?

No, professional traders give priority to price action AND macro fundamentals, keep that in mind.

Great, we have discussed a good deal of information, but that was just a taste. Now let’s get into even more details about Forex signal providers:

You came to this article for a recommendation of a good Telegram channel to follow for Forex signals, right?

Well, you got that and you also got a wonderful lesson on how to evaluate Telegram channels out there.

Wonderful, but that’s not enough. I want you to truly understand an important point so let me get even more specific…

What I’m trying to convey with this article about professional Forex signals is this:

The traders that you follow for trading recommendations matter, a lot.

Keep that well in mind when you decide whether to follow or not follow a Forex trader on Telegram or wherever.

The math is simple…

If you only follow gamblers that have no idea what they are doing and that just trade randomly, you will be disappointed.

If you follow professional traders that know what they are doing and prove that with insightful trade ideas, you will benefit from them.

I know it sounds obvious, but try to remove the noise from the random kids out there and try to focus only on the professional signal providers.

Even if that means taking fewer trades, try to focus on quality over quantity and then judge what’s better.

Quality over quantity means more trading accuracy, and more accurate trades mean more profitable trades as well. But always keep in mind the risk reward, always take trades that have a good risk reward to begin with, you should know that already.

The point is that Forex trading and the Forex market are getting very popular:

Also because of the rise in popularity of cryptocurrencies and the crypto market which is attracting tons of new retail traders.

And with that, the search for crypto signals and Forex signals providers by retail traders is increasing because they want help in their trading.

Some don’t have time to trade, some don’t know how to trade, and some simply understand the value of having other smart traders around them assist them in their trading.

And listen, following a Forex signal provider is NOT being “lazy”.

While instead looking for the “hot” Expert Advisor or trading bot, you know, those trading algorithms that promise huge results. That is kinda lazy.

But having a professional signal provider to help you in your trading and to help you make sense of the Forex market it’s NOT. Are you wondering why?

Simply because it’s smart to know the “consensus” of other professional traders that you repute as highly valuable.

That’s smart and you HAVE to be smart in your trading. Because if you try to put all the workload on your shoulders you will just burn out at one point.

Having smart traders around you that help you in your trading by providing you with valuable trade ideas and insights is a game changer.

Think about hedge funds or institutional trading desks. They have an expert in monetary policy, an expert in technical analysis, an expert in politics, and so on.

They don’t have just one guy that does everything. You don’t need to do everything yourself, so to speak.

Know your strengths, know your weaknesses and find professional Forex traders that help you improve in the areas that you don’t understand:

Having professional traders around you giving you advice and helping you make informed and profitable trading decisions is smart.

Your trading will improve when you get humble about what you don’t know and you let others better than you help you compensate for your weaknesses.

You may have competence in technical analysis, but you lack knowledge in fundamental analysis.

Does it sound so crazy to follow a professional trader that is an expert in macro fundamental analysis?

So that he can give you all the intel you need about the Forex market without you stressing out in trying to make sense of it all?

That’s how it works, you can follow the best Forex fundamental analysis Telegram channel to make sure that you are well informed on the fundamentals at any point in time, all while helping you generate good trade ideas to trade.

That’s the upside of following professional Forex signal providers:

You get a big hand in your trading. And if you are a beginner or even an experienced trader, when you follow Forex professional traders, you get to learn from them. In other words, you also get the benefits of professional trading education.

What was the phrase…

Work smart, not hard.

Well, let me rephrase it to fit the context…

Trade smart, not hard.

Can you trade smart?

Of course, you can.

But it obviously comes down to following the professional Forex traders. That makes all the difference and I guess that’s the core message of this article.

I could go on and on with more writing and talking on the subject, but the point has been conveyed. Be the smart trader out there by following professional Forex signals and traders.

July 1, 2022May 29, 2024

Crypto Global Macro Q3 2022

BESOMEBODYFX

CRYPTO GLOBAL MACRO

Trades

BESOMEBODYFX

CRYPTO GLOBAL MACRO Q3 2022

Inflation is ramping, the FED will deliver another 75bps hike at the next FOMC, and QT is ongoing, again, don’t listen to the “up only” crypto guru, listen to the macro environment

BTC was at 60k earlier this year and it’s now more than halved down at 20k is that enough of a reason to long?

Obviously NOT, that’s how the average “up only” crypto guru thinks. You are smarter than that, right?

RIGHT…

Thank you for all the great feedback that we received on the previous Crypto global macro. If that has helped you make some intelligent decisions with your crypto portfolio and kept you away from reckless uneducated dip buying, that was a great success.

Now it’s time for another crypto update…

BTC was at 44k when we published the previous note, and it’s now at 20k, so the question to ask is…

HAS ANYTHING CHANGED TO SAY IT’S OK TO TURN BULLISH?

Short answer… No.

Longer answer… Absolutely not.

If we look at the FED’s current monetary policy, but more importantly, forward looking monetary policy expectations.

We still see an extremely hawkish FED committed to raising rates and tightening markets’ liquidity with ongoing Quantitative Tightening.

Below you can find the most recent comments from FED officials, and the consensus is clear, bring inflation down…

That keeps crypto in a bearish regime…

And as we mentioned already in the previous update, and also as you should have realized by now, the FED’s monetary policy actions DO matter for cryptocurrencies too.

Below you can see a BTC chart with annotated the various monetary policy regimes…

BTC and your favorite crypto in terms of price fluctuations are just extremely high beta assets, tied to global liquidity conditions and thus monetary policy.

If you want to know more about the FED’s balance sheet and monetary policy influence on global markets, check this.

THE POINT IS…

We understand the FED and how its monetary policies affect global markets, crypto included.

And we know that, for the time being, the FED is still early in its tightening path, and they have no intentions to pivot until inflation pivots lower.

Here’s the current expected monetary policy path based on the recent forward guidance…

Another 75bps hike at the next FOMC, then 50bps, and only then, maybe back to 25bps…

This is aggressive tightening, and can easily can more aggressive if inflation keeps surprising expectations.

For that exact reason, in the previous update, we talked about the expectation for lower prices across the crypto market.

The context of an aggressive tightening from the FED, the elevated sticky inflation, and the shaky global conditions, was all one needed to know that global markets were losing support, crypto included.

Now, has anything changed?

Yes, but not in a bullish sense.

Inflation is proving to be even stickier than expected at the moment, as a result, the FED is proving to be even more aggressive than expected with 75bps hikes now regular activity. And the “global recession” words beginning to get popular.

That means there are two important macro points that you need to keep in mind for the quarter:

Bitcoin is a risk asset with many unique properties. But it’s still a risk asset, NOT a safe haven… so a global recession will be first bearish crypto and then bullish ONLY… and I highlight, ONLY when the FED steps in to support markets.

The FED for the time being has NO intention to support markets even in a recession scenario. Inflation is their top priority and they need lower asset prices to lower it. You can’t support asset prices and fight sticky inflation at the same time.

Is that a straightforward enough picture?

Inflation at the moment dictates the FED’s decisions.

And if inflation does NOT move lower substantially, the FED will relentlessly keep pushing with continuous large (50bps and 75bps) rate hikes and QT operations.

The point is…

We follow the FED, we understand the macro regime, and the FED is still nowhere near pivoting for the time being.

The FED has just recently started tightening, there are two more 50bps hikes approaching, 75bps if needed, and in all this, QT begins to ramp up in June...

The “dovish pivot” is not on the horizon yet, don’t be stubborn#Bitcoin #BTCUSD #BTC
— BeSomebodyFX (@BeSomebodyFX) May 12, 2022

We are still in the early phases of the FED tightening path.

And while there could be some bounces here and there, the overall context won’t change until inflation fades meaningfully.

So if you are looking to buy dips, remember that in this environment the “path of least resistance” remains lower.

And it’s NOT about WHERE to buy the dip, it’s about WHEN to buy the dip.

In other words…

It’s NOT about at what support level to buy the dip, it’s about at what time the macro conditions will become favorable to buy the dip.

Price is NOT an indication of where your favorite cryptocurrency should bottom. Sure, you can look at technical structures and find support zones…

But think about how many supports you thought were going to hold have been breached one after the other?

There is NO support that will hold while the FED continues to tighten monetary policy aggressively.

I’m telling you…

If you want to nail the crypto bottom, don’t think about the chart and its technical details. But rather think about macro fundamentals (mainly FED’s monetary policy) and their implications for global markets.

Because when you see crypto bouncing and you feel the FOMO to go long, the KEY question to ask is…

Has anything changed fundamentally to start a bull run, a sustained, prolonged, and meaningful bull run?

Add that “macro fundamentals” thinking to your decision making, and you will be better and smarter than the average crypto guru out there.

That’s everything, it’s NOT time to buy dips yet, we will update on our views with a new crypto global macro in the first week of Q4. You may want to leave us your email down below to get alerted when we publish it.

Cheers,

Jay from the BeSomebodyFX Team

April 5, 2022April 5, 2022

Crypto Global Macro Q2 2022

BESOMEBODYFX

CRYPTO GLOBAL MACRO

Trades

BESOMEBODYFX

CRYPTO GLOBAL MACRO Q2 2022

FED tigthening, 50bps rate hikes, quantitative tightening, global growth slowing down, it all matters for the crypto market

A crypto global macro update? That’s a new one, isn’t it?

Yes, it’s time we start discussing some crypto too, we have always done it in private with the Private Network members, but I feel it’s time to do some public discussions on the field as well.

We’ll do these crypto global macro updates at the start of every quarter, and ideally it will have everything you need to make some solid longer term decisions for your crypto portfolio.

We won’t be going into the very details of our positionings in crypto because our exact trade details with frequent updates are exclusive for the Private Network members, but you will get the important context.

If reading isn’t your thing you can jump straight to the bottom of this page where we’ll do a brief summary, but you will miss out on some educational and informational stuff, just saying.

Anyhow…

It’s an extremely interesting time for classic markets and crypto because the current macro conditions are setting up the stage for some (more) volatility.

Geopolitical tensions, inflation getting slightly out of control, a FED ready to do “whatever it takes” and recession talks already populating some institutional notes.

Wait, does all this matter for crypto?

Oh, yes…

BTC is the future, no doubt… but speculatively speaking it’s just an extremely high beta asset, in other words, a more volatile S&P500.

The FED drives the boat… in crypto, too.

So now comes the point…

Where are we at with the FED’s monetary policy cycle?

I know you know already, or at least you SHOULD know, but let’s do a brief recap anyway:

The FED is raising interest rates, is expected to raise rates faster (50bps) and is expected to start quantitative tightening in May.

Wait… what is quantitative tightening? See HERE.

And is it us just fantasizing about the FED’s monetary policy moves going forward?

No, we listen to the FED’s committee:

That’s called forward guidance.

The most important power of CBs is forward guidance, their talking, their managing of expectations.

CBs are big tanks, so it takes a while for them to move. Hence before they can act pragmatically, they act verbally.

But wasn’t this a CRYPTO global macro article? So why we talking central banks?

Anything that moves and that can be traded is influenced by central banks’ monetary policy. If you are buying BTC at any given price and any given moment just because “crypto is the future” you are doing it wrong…

Ask who didn’t take some profit in 2017 when the FED started quantitative tightening.

Or ask who didn’t take some profit in November 2021 when the FED started tapering.

Your crypto portfolio can do much better if you follow the macro environment.

With that said, let’s talk some crypto…

And you probably guessed it already, this is a bit of a bearish note here.

But let me explain…

The FED is about to hike rates by 50bps in May, announce the reduction of liquidity from the financial system (quantitative tightening) at the same FOMC and is also likely going to deliver another 50bps hike in June.

So, are we bearish crypto?

We should, but we don’t like to be bearish crypto…

We like to be dip buyers, and the point we are trying to make here is that there will be (most likely) better levels to do so going forward.

This doesn’t mean BTC can’t have some bounces here and there.

In the short term we expect a tactical push towards 50k…

But those types of rallies are likely to be met with strong sellers at one point or another, and dips WON’T be met with strong buyers UNTIL the macro conditions become favorable again.

That is to say…

Bounces will happen, yes… but the next major bull run to 100k and beyond needs the macro conditions to be favorable to truly start.

The “volatility” is FAR from over and ATHs will be hard to achieve with a quantitative tightening regime starting in May.

Here are THE points to keep in mind:

The real growth slowdown has YET to start, all we have seen so far is just a glimpse of volatility…

The impact of the recent geopolitical developments in energy prices has YET to hit the economy, and crypto is NOT a safe haven.

The CPI and the economic numbers we are seeing right now are NOT representatives of the huge surge in energy and commodity prices post Ukraine invasion.

Meaning the FED will be faced with even higher inflation numbers that will persuade them to go ahead with aggressive tightening with 50bps hikes and QT operations starting from May.

And in all this, Global PMIs (one of our favorite leading indicators) over the next couple of Quarters are likely to head into contraction territory.

In it itself this wouldn’t be bearish crypto, but the aggressive tightening from the FED coupled with global growth slowing is a recipe for OUTFLOWS from risk assets such as crypto.

So, here’s the conclusion and the key takeaway you should bring home from this crypto global macro update:

The REAL buying opportunity across the board in crypto has YET to come.

So far the FED is in bulldozer mode, ready to smash everything in order to bring inflation back to “acceptable” levels.

Let that be, don’t fight the FED…

Then, when the committee decides to… stop tightening, then, at that point, the boat can be loaded with crypto for the next bull run to 100k and beyond.

That’s all there’s to say, the KEY takeaway?

Don’t buy the dip too early, don’t FOMO at resistance, there will be new lows made in crypto before new ATHs, watch the FED.

I hope you found this a valuable read, and if you didn’t… that probably means you bought BTC at 60k.

Nothing wrong with that as long as you have a wide enough time horizon…

The time for BTC and the whole crypto market to break to new highs will come, there’s no question about it.

But purely based on the current and upcoming global macro conditions, it’s NOT that time yet.

We will update it with a new crypto global macro in the first week of Q3. You may want to leave us your email down below to get alerted when we publish it.

Cheers,

Jay from the BeSomebodyFX Team

April 4, 2022October 21, 2024

Introduction to central banks and monetary policy

BESOMEBODYFX

CENTRAL BANKS AND MONETARY POLICY

Trades

BESOMEBODYFX

CENTRAL BANKS AND THEIR MONETARY POLICieS

CENTRAL BANKS AND THEIR MONETARY POLICIES ARE CORE DRIVERS OF FX AND ALL ASSETS TRENDS, LET’S SEE HOW

The best way to start a discussion about central banks and monetary policy is with this quote from the legendary Stanley Druckenmiller:

It’s liquidity that moves markets…

That’s a solid starting point, now let’s get more technical:

The FED adjusts “liquidity” with… monetary policy, or more specifically, the balance sheet:

Now, a central bank can add or reduce liquidity…

The injection of liquidity into markets is the so called Quantitative Easing (QE) while the reduction of it is the so called Quantitative Tightening (QT).

QE is done to stimulate the economy, stimulate inflation…

While QT is done to do the exact opposite, to start putting a cap on what could be an “overheating” economy.

But enough theory, let’s see how practically this applies to markets and FX specifically.

Let’s start with Quantitative Easing (QE) first…

QUANTITATIVE EASING:

The FED implements QE when they need to stimulate inflation and economic growth. In simple QE is literally the injection of liquidity into the economy, the so called “money printing”.

What happens to the domestic currency when a central bank prints more of it?

Basic economics 101 here… it devaluates.

Here’s the us dollar index during qe4:

That is the FX impact, USD weakness… but obviously, this goes way beyond that.

Because QE programs create some of the best bull market opportunities.

All risk assets rise, as economic growth is stimulated PMIs bottom (see here what it means) and reflationary themes pick up steam. We are talking about higher commodity prices, higher GOLD, and all those good stuff.

And by the way, just to be precise…

The FED runs the party in crypto too:

Central banks with monetary policy dictate most of the crypto cycles as well, something to have well in mind.

Anything that moves and that can be traded… is influenced by central banks’ monetary policy, particularly the FED.

Quantitative Tigthening:

So… we have stimulated economic growth and inflation enough with QE and low interest rates… now how do we halt and lower inflation?

By tightening financial conditions, lowering asset prices, and increasing the value of the domestic currency, in other words, engineering a growth slowdown to restart the cycle.

How? Quantitative Tightening (QT) and rate hikes are your tools…

While QE is the injection of liquidity into the markets, QT is the exact opposite and as a result, the exact opposite effect is created with the strengthening of the domestic currency:

Good, we have covered some basics here…

Understanding the FED’s balance sheet and the various monetary policy regimes is quite useful, NOT only for longer term trades, but for shorter term ones too.

When you know the longer term “path of least resistance” according to the macro bias, you get more accuracy and harmony in your shorter term trades by going with the flow, rather than against it.

In other words… “don’t fight the FED” long term, nor short term.

But… for longer term trades, does this mean you just go in and sell USD when QE starts and buy USD when QT starts?

You could…

But NO… that’s just one piece of the puzzle, read THIS to get a grasp of what composes a complete institutional trading framework.

To conclude, remember Druckenmiller’s quote:

“It’s liquidity that moves markets.”

Obviously, the central banks’ discussion goes above and beyond just QE and QT. There are rate hikes, rate cuts, and other monetary policy tools to be discussed.

But that becomes more complex and articulated to discuss in a simple blog post, the best way to learn about everything, as we always repeat, is to actually experience it with the right minds around you, make sure you are around professional traders, and take notes.

Cheers,

Jay from the BeSomebodyFX Team

November 8, 2021May 29, 2024

Introduction to macro fundamentals trading

BESOMEBODYFX

INTRODUCTION TO MACRO FUNDAMENTALS

Trades

BESOMEBODYFX

TRADING MACRO FUNDAMENTALS

How to start learning macro fundamentals trading? let’s see an example of a macro trading framework

Now, the second most asked question is “how do I get started with macros?” “what trading macro fundamentals is about?“

In the previous post we have discussed the average global macro fund framework, but we haven’t really discussed anything practical to trading.

So here we are…

Let’s talk about some practical macroeconomics theories to get you started in the right direction…

What we are going to illustrate here is a very simple, yet very powerful, macro concept that you can use in your trading to gauge the long term directions of ANY asset.

Now, if you have ever gone around the web trying to study economic indicators and the impact they have on FX or any market, you can think about all that, and throw it away…

Really… you DON’T need to keep track of dozens of economic indicators for each country…

Great… So let me show you something practical.

For this specific example we are going to take one leading indicator and ONE only.

Not dozens of indicators, nothing too complext, just one simple graph:

Among the most powerful leading indicators we have Purchasing Managers’ Index, or shorter, PMIs.

Which you can see in the chart above.

Looks good. but how do you actually read it? rising is good and falling is bad for the currency?

No, FORGET that…

That’s your average trading guru on Youtube trying to sound smart with newbies.

The reality is, with PMIs and almost any indicator as a whole what matters is understanding the cycles:

Right click the image and select “open in image in a new window to zoom in“

Looks good…

But it’s still just theory…

How do you generate a possible trade from this?

that’s A GOOD question, AND HERE’S THE GOOD answer:

With PMIs we can differentiate between 3 phases of the ISM cycle…

The expansion phase, the peak phase, and the contraction phase.

Each phase creates a specific macro environment that generates specific returns for different assets.

For the sake of the example I’m going to illustrate the three most popular ones, DXY (USD) S&P500 and GOLD in this table:

But let’s actually see a chart…

Here’s EURUSD and how it behaves with the various PMIs tops and bottoms:

Now, let’s get even more practical…

Would it be pretty useful to know the FX, commodities, and indices trends for the next 3 to 6 months, wouldn’t it?

Yes it would… So let me show you exactly how.

Let’s take for instance, the recent global PMIs chart:

As of June 2021 (chart above) global PMIs are peaking, that’s pretty clear just by undertanding how the cycles work, after an expansion, the peaking phase naturally, sooner or later, comes.

And anyway…

We know given the current macro context that they should continue to move gradually lower going forward.

What’s the trade in this environment?

That’s all…

We know the regime is “ISM peaking“, and it’s specifically the “early peaking regime“.

And because of that, we understand that this specific macro context favors USD longs.

Thus we know that in July and August 2021 the “favorite” trades will be to be long Dollars, period.

Then in a couple of months the environment may change back to expansion or whatever, we don’t know that YET.

But we know that, for the time being, PMIs are in an “early peaking” phase and based on that specific macro environment you know exactly what trades will be favorite.

To Conclude…

We are making it sound easier than it is here…

But if understand this type of thinking you will be ahead of 90% of traders out there that trade randomly without any idea of what’s happening in the markets on a macro level.

Now, don’t forget:

“The market doesn’t move in a straight line, pullbacks in macro trends are natural, periods of counter trend flows are perfectly normal. Use them to your advantage to get the best entries for your trades.”

Hopefully I delivered a point here, now certainly we have ultra oversimplified here. We could have gone into more details but talking about these subjects in a simple post wouldn’t be impactful enough for one to understand how important and powerful they are.

The best way to learn and PROPERLY understand these macro theories is to experience it with the right people on your side that guide you and educate you on what’s happening in the markets at every moment in time.

Cheers,

Jay from the BeSomebodyFX Team

November 8, 2021May 29, 2024

Introduction to an institutional trading framework

BESOMEBODYFX

GLOBAL MACRO TRADING FRAMEWORK

Trades

BESOMEBODYFX

HOW DO INSTITUTIONS TRADE?

INTRODUCTION TO the average INSTITUTIONAL TRADING FRAMEWORK…

One of the most asked question in the trading field out there is “how do institutions trade?” “How does an institutional trading strategy look like?”

It feels like one of those top trading secret, it feels like it’s a hidden method that only the elite can know…

Well, it’s not that big of a secret at all, most actually make their framework public so that investors and people interested in working with them can know exactly how they generate returns.

For instance, here’s how the usual global macro fund trading framework looks like:

If you come from a retail education, if you come from the average Youtube trading guru you will find the model above absolute nonsense…

And that’s a good point…

How many traders do you think use that type of trading approach? Maybe 10% or so?

Right, how many use the “Youtube guru” trading approach, meaning only technical analysis and indicators? at least 90% right?

Yes, ever heard of the fact that 90% of traders can’t trade profitably and only 10% do?

Can you spot the pattern here?

The 90% is all fed with the same type of information and education that doesn’t work UNLESS applied only in a complete and more defined framework similar to the one above. So let’s talk about that…

TO MAKE IT SIMPLE, There is ONE core difference between an improvised retail trader and a professional institutional trader.

Usually the average retail generates his trade ideas from the chart (technical analysis) and then eventually looks for some random fundamental to support his trade:

Meanwhile, the professional trader generates his trades ideas OUTSIDE the chart (macro fundamentals) and then uses the chart (technical analysis) to confirm his idea and time his entry:

That’s the core difference between a retail and an institutional trader, not a secret approach, not a special indicator, just the correct way to see the market. In other words, a specific framework that answers your questions about where the market is going, something like this.

Now let me tell you a little secret…

Hedge funds that don’t use technical analysis tend to underperform the ones that do use technical analysis to complement their macro researches.

Yes, you read right… Global macro hedge funds that only trade on macros tend to underperform global macro hedge funds that also apply some technical analysis.

But why is that?

Let me show you again the average global macro fund framework:

A professional “institutional” trading framework has technical analysis in it. Because it helps you time your macro idea, enter at a good price, get a good risk reward, and in addition eventually even filter what could be a misplaced trade idea.

In other words, technical analysis has a role, and it’s quite an important one, but it only comes in the gatekeeping phase. Technical analysis is NOT used to generate trade ideas, a professional institution/trader doesn’t look at a chart and says:

“This looks bullish, look it’s sitting at support, let me buy some…”

That’s the fallacy of the retail industry…

And it’s the fault of the laziness of the average Instagram and Youtube trading guru that knows technical analysis is easier for a newbie to understand than macro fundamentals. Hence to get his views and clicks he goes for the technical content.

And there you have a crowd of uneducated technical retail traders thinking the “smart money concept” taught on Youtube is how banks and institutions trade. Don’t be that retail, walk outside the box and trade professionally.

Cheers,

Jay from the BeSomebodyFX Team

January 3, 2021November 9, 2024

Performance Recap

BESOMEBODYFX

PRIVATE NETWORK PERFORMANCE

Trades

BESOMEBODYFX

PERFORMANCE SINCE INCEPTION

Alright, it’s time to recap the performance of the BeSomebodyFX Private Network inception to date.

Performance, so, let’s begin with mine…

You may not know, we are 2 traders in the Private Network sharing our trades with the members.

There is me doing medium term trades and Sean doing longer term trades.

Let’s begin with me:

I’m up around 85% since inception, with an average of 1.05% a month with a max drawdown of 6%.

The whole Private Network focuses on capital protection first, so first we make sure the account is well protected and safe and then we watch at the profits.

With a 6% drawdown, I’m pretty satisfied with the results.

But let’s see some in-depth stats for the account:

Average win of about 140 pips, and average loss of about 120 pips, with total pips gained 6120.

In total a win rate of about 50%.

It’s nothing special and spectacular but it’s enough to have consistent stable profits while protecting the capital.

And now let’s see Sean’s data:

As you can see Sean has a much better profit to drawdown ratio.

And not only that, his stats are much better overall:

Average win of about 1160 pips and loss of 263 pips, win rate is ONLY 43%.

That’s the true representation of the power of risk reward.

You don’t need a high win rate when you let the profits run and cut the losses quickly.

But it’s not everything.

Because Sean has some focus on stocks as well.

And with stocks I mean mostly the S&P500.

And so here’s his performance there too:

I can just congratulate to him and be proud and happy that he is part of the team.

He truly is a gem and his trading style is fantastic.

Sean shares his reports every sunday, then he shares the details of his pending orders to set when the market opens and that’s it, done for the week.

After that, the trades are not touched during the week…

Literally, the pending orders are set at the beginning of the week with the various details (stop loss and take profit) and that’s it, he is done for the whole week.

That is what trading is all about in my opinion, the ability to make decent profit without much effort.

The real “work smart, not hard”.

I’m different from him, I’m a market junky…

Hence I love to monitor markets day in and day out, and I definitely envy his ability to just set and forget trades for the whole week and actually outperform me.

Anyway, you can check his live up to date performance anytime here on this link:

Sean’s page.

Alright, let’s get back to the Private Network performance.

Anything else to mention?

Yes.

We take trades in crypto too.

Only the majors.

And obviously, crypto being more volatile yields higher returns, but keep in mind…

We DON’T short term trade it, usually.

We just ride the large macro trends in crypto, we did it with the bull market in 2020 and 2021, and we took profit and went defensive with before the bear market in 2022, to then turn long again in early 2023.

Let’s bring everything together:

Ok, how does it all look combined?

So my trades, Sean’s trades, and the crypto trades.

All combined into one equity like, how does it look?

Here it is…

Now, hold on a second!

That looks great, I know 😉

But keep in mind there are multiple periods in there where the performance goes sideways and chops for a while.

Like these two:

You can see those are about 6 to 8 months of sideways chop.

Some wins.

Some losses.

And then… more of the same.

Back and forth, fluctuating around breakeven.

In other words…

Don’t expect gains every single week.

Consistency in trading isn’t about hitting the take profit everyday.

No.

It’s about that steady uptrend in the equity line.

That’s what we care about.

So yes… to see the results, a bit of patience is required.

To conclude:

We have mentioned everything, this is how the Private Network is doing since inception.

But I want to take a moment to puntualize that the Private Network is MUCH more than just signals.

Why?

Because we share all our thought process to come up with a trade, and we share all our exclusive market researches.

Any decent trader can easily outperform us just by following our email notes and insights shared in the private Telegram channel and eventually even get better entries than the ones we share.

And not only that, I’m a very conservative trader so I risk even less than 0.5% a trade.

In other words…

The performance you see in my account is the performance of a very risk averse trader.

For instance, a more risk tolerant one could easily increase the performance by taking 2% of risk per trade, or 3% and so on.

I hope this kinda makes sense…

The more you risk the higher the reward but the higher the risk as well.

As I was saying the Private Network is much more than just signals but we would be here hours if I wanted to list all the benefits of the Network so I guess I will just leave it to the reviews:

https://www.trustpilot.com/review/besomebodyfx.com

Cheers,

Jay from the BeSomebodyFX Team