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In this video, I break down the ONE TradingView indicator that every beginner forex trader actually needs to start making informed trading decisions. No complicated setups, no 20 indicators on one chart β€” just a simple, effective strategy that works.

πŸ” What You'll Learn:
βœ… Which single indicator gives you the most value as a beginner
βœ… How to set it up on TradingView (step-by-step)
βœ… Why this indicator beats complex strategies for new traders
βœ… How to read signals without confusion
βœ… The #1 mistake beginners make (and how to avoid it)

CloseOption: https://tinyurl.com/closeoption

TradingView: https://tradingview.com

πŸ“ˆ This video is for educational purposes only. Trading forex carries risk β€” always use proper risk management.

πŸ”” Subscribe for more beginner-friendly forex content:

πŸ’¬ Have questions? Drop them in the comments β€” I reply to every one!

DISCLAIMER:
This content is for educational and informational purposes only and does not constitute financial advice. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. Always consult with a qualified financial professional before making investment decisions.

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Transcript
00:00in this video i'm going to be trading regular currency pairs on the close option platform
00:08utilizing uh tradingview.com technical indicator gush mid here and i'm back with a new
00:15video so today i'm on the close option platform here and what you're looking at is the dashboard
00:24of the close option platform so i've loaded a thousand dollars into my account this is a real
00:31account here if you if we go to the trade room here close option has various accounts available
00:41they have a demo trading account where you can practice your trading they have a real trading
00:46account uh which i have added a thousand dollars to my balance and they also have a weekly
00:54contest account close option conducts weekly contests uh where you can win prizes every
01:02week uh in some cases you do there is a required deposit but i believe uh when you first open
01:10up an account they'll let you participate in the contest for free uh where the entry fee here is
01:19zero dollars okay so we're going to be trading on the real account here so let me load up the
01:31trading dashboard okay so this is the trading dashboard here here's my balance here and close option has
01:46various assets uh currency assets here euro u.s dollar u.s dollar japanese yen and so forth here
01:57uh but i'm going to be focusing on the euro u.s dollar because it has the highest payout rate
02:04at 80 percent we may
02:05look at some usd jpy trades as well so what i'm going to be doing is i'm going to be
02:15using a technical indicator
02:19here on the trading view platform uh so i'm at tradingview.com
02:26platform so what you would do here this is the uh interface of the platform when you sign in i'm
02:33already signed into my account here this indicator is completely free you don't need to pay for this
02:42indicator here so what we're going to do is we're going to click on the search bar so once the
02:47trading
02:48view platform is loaded up here what we're going to do is what you would normally do is check for
02:56the
02:56euro usd symbol here i already have it loaded up here so what we're going to do is go to
03:04c overview
03:05click on the c overview button here
03:11and this page loads then what we'll do is we're going to click on technicals here
03:23so when you click on technicals
03:28scroll down a little bit this gauge appears on your screen now this gauge is a combination of
03:37all these various moving averages here if you look down here exponential moving average simple moving
03:45average uh all these different period moving averages 20 30 50 on the right and oscillators
03:57with various uh periods like average directional index 14 command commodity channel index and so forth
04:06but what we're going to focus on here is uh you see here we're getting some signals here
04:16the combination of all the moving averages are giving us 10 cell signals one neutral four by
04:22and for the oscillators we have one cell eight neutral two by this is the summary it combines both the
04:30oscillators and the moving average to come up with an overall uh market recommendation which is sell here
04:38on the euro usd but we also need to pay attention to the time frame here so these are the
04:46indicators
04:47for the one day time frame but we're going to be focusing in on is the one minute time frame
04:52here okay so currently the euro the euro us dollar is giving us uh uh basically a cell
05:01here for the oscillators it's neutral moving averages is a strong cell so let's go back to the trading uh
05:10go
05:10back to the close option platform here so i'm going to be taking use playing with 10 of my balance
05:18here
05:18and so i set the trade size to ten dollars and for the trade time we're going to be taking
05:27one minute
05:27binary trades here right so the rate of return if i win the trade is eight dollars if i lose
05:35i lose the
05:36whole amount the ten dollar amount all right so what we're going to do is go back to the technical
05:42analysis indicator here and let's just reload so how i reloaded i just click on the five minute
05:51and then i go back to the one minute so everything it's telling me strong sell so what we're going
05:57to do is take a one minute put trade here at this level so if i click on the orders
06:07button here to the
06:08left uh we're going to see a uh a trade timer here a countdown clock and the current
06:20position here so let's wait for the expiration of this trade
06:30the indicator told us to sell at this level
06:35all the various uh oscillators and moving averages gave us a sell trade
06:40so let's monitor this trade and wait for the expiration
06:59okay so
07:02we lost that trade so what i'm going to do is i'm going to
07:06use a strategy called the martingale strategy and i'm going to double up my trade to twenty dollars
07:12and the reason why i'm doubling up the trade is to help recover the loss of the previous trade
07:19and to gain some additional profit on the current trade so let's go back to the
07:24technical indicator on trading view uh we're still getting a sell on the five but we're focusing on the
07:31one minute and it's telling us to sell so let's go ahead and put in another put trade here
07:37another sell trade at this level
07:43so if this trade wins we would have recovered the loss the ten dollar loss and gotten some additional
07:50profit now if i lose this trade again i'm going to double up the trade to forty dollars
08:00and that way if i lose the trade it'll recover the loss of the previous two trades and gain additional
08:07profit
08:08on the prospective current trade so currently
08:11the trade again is going against us here we have about twenty
08:14three seconds left here according to my trade timer
08:20so let's wait for the expiration of this trade
08:38okay so that that trade loss so i'm going to go ahead and double my
08:44trade to forty dollars
08:48in order to help recover these two losses here let's go back to the technical indicator
08:53and let's see what it's saying here
08:57okay
08:59okay the summary is neutral
09:01overall summary is neutral so
09:03i'm going to pause uh there's no discernible
09:07trend according to the indicator here so
09:09we're going to wait till we either see a buyer or sell trade
09:13uh in the summary section here
09:22okay so i'm back on the technical indicator here and
09:26it just showed me a
09:30strong sell signal
09:31here
09:32so i went ahead and took a sell trade here at this level
09:39uh so what we're going to do is we're going to
09:43wait for the expiration of this trade and hopefully we'll get a winner
09:48and recover the thirty dollars in losses and gain some additional profit
09:55here at this level
10:18okay so
10:19that trade was in the money
10:21right so i'm back
10:23with a couple of dollars extra from where i started
10:26so what we're going to do is we're going to go back
10:28since we recovered the loss of those two previous trades
10:32i'm going to go back and set my
10:35trade size to ten dollars again
10:38let's go back to the
10:41technical indicator here let's see what it's saying
10:45uh okay on the one minute
10:47it's giving us a sell so let's go ahead and take another
10:51foot trade at this level
10:53sell trade
10:57and let's uh monitor this trade at the end of the 60 seconds and wait for the expiration
11:16so far the trade is uh
11:21so far the trade is uh
11:23in a bearish direction
11:25which we uh the technical indicator recommended here on the one minute time frame
11:35so we have about 15 seconds left
11:56okay so that trade was in the money all right so i increased my balance we're going to maintain the
12:03ten dollar trade size let's go back to the technical indicator here
12:08okay on the five minute but we're looking focusing on the one minute it's telling us
12:13sell so let's go ahead and take another put trade at this level
12:28okay
12:28okay so the technical indicator is still contend telling us uh here on the one minute the all the oscillators
12:35are recommending sell the moving average is a strong cell
12:38so summary is a strong cell so let's uh
12:45check the results of this trade at the end of the
12:5060 seconds on the trade here
12:54the euro u.s stop
13:21okay okay so i won that trade so i've increased the balance here
13:28and
13:29i'm only risking one percent of my capital because as you
13:33when you use the martindale strategy you have to have
13:36uh a certain imbalance because if you lose the trade then you have to double up
13:41uh and if you lose that trade you make you would have to double up again
13:46so
13:47you have to have a certain amount of capital in your balance to
13:51utilize this strategy all right so
13:54let's uh since we won that trade we're going to keep the trade size at 10 let's
13:58go back to our technical indicator here
14:02and let's see here on the one minute
14:05it's still giving us a sell
14:08so let's go ahead and
14:10take another sell trade
14:15here
14:19a one minute
14:21put option
14:28let's go to the technical indicator real quick yeah it's still giving us
14:34still giving us sell okay on the oscillator is giving us neutral but
14:38we're looking for the summary so the summary is telling us to sell
14:43let's go back
14:45monitor this trade
15:04okay so this trade looks like it's going to lose so
15:07once again what i'm going to do is i'm going to double up
15:13on so we lost that trade so i'm going to double up on our trade here
15:17to help recover the loss of that previous trade let's go back to our
15:22technical indicator here
15:24let's see what's happening okay so we're still getting a sell
15:28so let's go ahead and take another
15:32put trade here or sell trade at this level
15:39now if we lose that trade once again
15:42then i would have to double the amount to forty dollars
15:45dollars but let's uh let's see the results of this trade first
16:10we have about twenty seconds left
16:37okay so we won that trade right payback thirty six dollars all right so
16:43since we won that trade we'll go back to our ten dollar level here
16:52and let's look at the technical indicator again
16:58let's five and let's see okay so we're we're seeing a sell so let's go ahead and
17:04take another put trade here
17:08another sell trade at this level
17:11another sell trade at this level
17:12another sell trade at this level
17:36another sell mine
17:36another sell trade they should have off me
17:38another sell trade at this level
17:49so
17:51i have to have theunda
17:52lost trade at this level
17:58a few seconds left
18:04a few seconds left
18:10okay so that trade was in the money so i've increased my balance
18:16all right so let's go back to the technical indicator again
18:23okay we're seeing on the five minute on the one minute okay we're seeing a strong sell here
18:32so let's go ahead and take a put trade another cell trade here for ten dollars
19:20okay
19:21okay
19:35all right so that trade was out of the money all right so i'm going to go ahead and double
19:41up on the trade twenty dollars right let's go to the technical indicator let's see what
19:50that's telling us here okay it's still giving us a sell so let's go ahead and take a put
20:00option here a sell option at this level
20:10and once again if this trade loses we're going to have to double it up to forty dollars
20:16on our next trade martingale strategy so before we do that let's uh let's wait for the results
20:28of this trade
21:01okay so yes that trade was in the money so i continue to grow the account slowly but surely
21:09let's uh continue here uh let's uh oh first of all let's go back to the ten dollar level
21:15right make sure if you win the trade if you're able to recover the loss you go back to the
21:21current
21:22level of your trades uh like i said i wouldn't trade more than one to five percent of my balance
21:30at one time so for the initial trade so let's go to the technical indicator here let's see what's
21:39what's going on let's see the one minute it's still giving us a sell
21:43so once again let's take it let's take a sell trade at this level
22:16i have about 30 seconds left
22:20and the trade
22:41okay a couple seconds
22:48great so we won that trade so we're able to grow our balance uh
22:54to a thousand and forty six dollars so i'm gonna end the trading session right now
22:59i just wanted to share this uh this trading strategy using utilizing the martingale strategy
23:06and the close option trading platform as well as the trading view platform here uh very powerful
23:17strategy and a great set of uh technical indicators here if you if you're interested in trading on the
23:25close option platform i have a link to the platform in the video comments or the video description or the
23:32channel bio uh like i said be sure to only trade uh one percent of your capital no more than
23:40five percent
23:41if you want to take more risk
23:44obviously you're going to need a certain amount in your balance to start with in case you do lose trades
23:51uh
23:53and that's basically it thank you for watching and i'll see you in the next video gush me
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