I Tried Trading Forex w/ $1,000 (ZERO Experience!)

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  • เผยแพร่เมื่อ 2 มิ.ย. 2024
  • In this video, I attempt to trade Forex for two weeks with absolutely zero experience to see if it's something the average person should try out to secure some bags.
    The problem with Forex trading is it has attracted vast amounts of spammers - or just slick salesmen pitching an undeniably amazing, yet attainable lifestyle if you join their training/VIP group/mastermind/course/whatever!
    I have never traded Forex before this experiment and had no idea how it even worked until I decided to dive in. Of course, I don't expect a few days of studying Forex basics and strategies to turn me into a profitable trader, but when so many gurus are advertising their services to the masses, I wanted to put some money on the line to try things out for myself.
    The #1 takeaway you should get from this video is please, don't spend money chasing a Forex lifestyle or promises of massive profit. Forex is comprised of incredibly efficient markets, making it hard for the average retail trader to turn a consistent profit.
    -----------
    If you want to support my channel, check out the following:
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    ➦ bit.ly/antiguruwebull
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    My website:
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    0:00 Intro
    0:39 What Forex Is
    3:09 Charting3:42 My First Trades
    5:22 Next Steps
    6:23 Forex Signals
    8:25 More Trading
    9:40 How My Trading Went
    11:46 Final Thoughts on Forex
    #Forex

ความคิดเห็น • 951

  • @DanielInskeep
    @DanielInskeep  3 ปีที่แล้ว +227

    what do you think? want a forex trading update in a month or should i call it quits and move on to something else?

    • @webbmoney2618
      @webbmoney2618 3 ปีที่แล้ว +30

      Definitely do an update please!!

    • @MrOfigenko
      @MrOfigenko 3 ปีที่แล้ว +13

      crypto!

    • @theelektriccowboy7661
      @theelektriccowboy7661 3 ปีที่แล้ว +2

      Yes, please!!!

    • @rehandx7306
      @rehandx7306 3 ปีที่แล้ว +6

      Crypto 🙏

    • @GeorgeT96
      @GeorgeT96 3 ปีที่แล้ว +15

      do an update, but please read up on risk management first. It seems like you were either setting your stop loss and take profit without a reason or just getting emotional by closing your trade early. Never take a trade unless its at least 1:3 risk/reward. Hope to see you do better next time but glad you gave it a try. This is something which takes a long time to understand and you won't be profitable within a month, but over the long term will be worth it. Forex teaches you not only about the markets/economy but also about yourself/emotions.

  • @CodySteckRealEstateVideos
    @CodySteckRealEstateVideos 3 ปีที่แล้ว +642

    Bro, what you did wrong is you didn’t make a forex course after making that whopping profit on the demo account. You would have made way more money 😂

    • @DanielInskeep
      @DanielInskeep  3 ปีที่แล้ว +97

      so true. opportunity missed.

    • @lukeman6982
      @lukeman6982 3 ปีที่แล้ว +5

      Back to back I have won and lose but my loses will never come any where close to my wins so far with her help.

    • @Ehxx
      @Ehxx 3 ปีที่แล้ว +2

      @@DanielInskeep Funny thing is, for some reason everyone seems to do really well at the start, then everything for years after is all in the red.

    • @richardevans1434
      @richardevans1434 3 ปีที่แล้ว

      I no her she uses tea leafs

    • @thegrandlevel313
      @thegrandlevel313 ปีที่แล้ว

      😂😂😂😂😂😂😂😂😂

  • @larryloh6687
    @larryloh6687 3 ปีที่แล้ว +98

    I like your conclusions at the end of the video, very appropriate. FX trading is about gaining an edge over the mkt, having a system that wins more often than it losses. That means a system must be properly backtested, then forward tested in real world conditions before investing real money. Most of those selling signals are probably doing it because they can't make money trading, so they make it by selling a dream to others. "Those who can't trade, teach". Anyway great video!!

  • @OneCreator87
    @OneCreator87 3 ปีที่แล้ว +118

    Trading Forex is really easy:
    1) You open a demo account.
    2) You open a second demo account.
    3) Put a lot of buy trades in one account and a lot of sell in the other with huge lot sizes.
    4) Scam people out of their money by showing them your profitable account and some astrology BS.

    • @honeybadger036
      @honeybadger036 2 ปีที่แล้ว +20

      There is actually a far better way. You purchase the email addresses of 256 wealthy people. You send them daily updates. on half you buy big, the other half you sell big. On the half that loose, you cull leaving you with 128 potentials who have just witnessed you making a profitable trade. You do the same thing next day, after day 2 you cull the half that lost, leaving you with 56 potentials who have now seen you make 2 profitable trades. After doing this for 10 days you are now left with a tiny group of investors who are willing to give you their life savings, because you just proved in real time that you can call the right moves 10 times in a row. once you get their funds you run! simples

    • @OneCreator87
      @OneCreator87 2 ปีที่แล้ว +10

      @@honeybadger036 Wow, you are a real Honey Badger

    • @zenosanam
      @zenosanam 2 ปีที่แล้ว

      😂

    • @yxdssoffitten6432
      @yxdssoffitten6432 2 ปีที่แล้ว

      @@honeybadger036 bro THIS 😂❤️

    • @SupremeSkeptic
      @SupremeSkeptic 2 ปีที่แล้ว

      How does that work?
      All buy trades in one account and all sell trades in another account, won't make you look profitable, unless you happen to be in a trending market

  • @martinhain
    @martinhain 3 ปีที่แล้ว +15

    Hi Daniel, that's some pretty cool insight. I love that you include your research strategies in these videos, this is where I'm getting the most out of your content. Thank you for that! Keep up the great work :)

  • @memoriasIT
    @memoriasIT 3 ปีที่แล้ว +489

    I enjoyed the video, but this is literally a tutorial of what no to do lol

    • @michaelrodriguez350
      @michaelrodriguez350 3 ปีที่แล้ว +32

      That’s how my dad taught me how to be a man

    • @Stierenkloot
      @Stierenkloot 3 ปีที่แล้ว +39

      Yes. What not to do: trade forex.

    • @anthonyy_vivid5438
      @anthonyy_vivid5438 3 ปีที่แล้ว +3

      @@Stierenkloot eh

    • @mostafakasim9539
      @mostafakasim9539 3 ปีที่แล้ว

      That's the pretty truth about forex trading, don't open more than one account, they going to block you immediately after you do that.

    • @beckylynx5675
      @beckylynx5675 3 ปีที่แล้ว

      @@mostafakasim9539 I'm unable to access my two accounts. Is that mean it gone?

  • @rufmor1
    @rufmor1 3 ปีที่แล้ว +26

    Hey man. Quick tip. When trading forex try to trade pairs with lower spreads. In that EURNZD buy price moved 14 pips but you only cashed 3. That's 80% of your gains going to the broker

  • @Aaron.trades
    @Aaron.trades 3 ปีที่แล้ว +82

    Love that you show the reality of trading! It’s not easy, it’s not a get rich quick scheme and it takes years of hard work! Great video man 👌🏻

    • @artistryartistry7239
      @artistryartistry7239 2 ปีที่แล้ว +5

      He didn't "show the reality of trading." He dabbled superficially for an extremely short amount of time, lost money, and then made unfounded proclamations about it.

    • @sengju4468
      @sengju4468 ปีที่แล้ว

      what's the point of trading then if it's not making money?

    • @Aaron.trades
      @Aaron.trades ปีที่แล้ว +3

      @@sengju4468 When did anyone say it's not making money...? I said it takes years of hard work to see any real money come in from trading

    • @terrywoodland2244
      @terrywoodland2244 ปีที่แล้ว

      Give Dreamfire52 a try for copy trading. Totally passive and you don't need to know anything... Results after about 7 months have been impressive so far. I would even recommend it over eToro.

  • @milokaraffa
    @milokaraffa 3 ปีที่แล้ว +1

    Legitemately great content. I think you have a great potential for the future. Keep hustling. Good luck 🥰

  • @mrio1142
    @mrio1142 3 ปีที่แล้ว +5

    I love to see you posting videos on your personal channel! I think it’s cool to see you branching out to your other interests! Super underrated

    • @jptrapper3241
      @jptrapper3241 3 ปีที่แล้ว

      Great content indeed, Here you can contact him for guidance on WhatsApp I contacted him and got quick response 👇

    • @jptrapper3241
      @jptrapper3241 3 ปีที่แล้ว

      +1 4 8 0 4 4 7 1 0 0 3

  • @jimclarkson1716
    @jimclarkson1716 3 ปีที่แล้ว +49

    Forex isn't a scam , you need proper information before investing in forex. I recommend professional guidance as a beginner.

    • @chungwu5542
      @chungwu5542 3 ปีที่แล้ว +1

      Most traders think that Forex is a get rich scheme thereby they fail to follow the right path to success

    • @ulakaminska5447
      @ulakaminska5447 3 ปีที่แล้ว +3

      This got me, I'm a beginner and have lost about $1800 trading myself, I think I need help to trade efficiently and on winning ways.
      Please I need professional guidance 🙏

    • @darek5701
      @darek5701 3 ปีที่แล้ว +4

      @@ulakaminska5447 If you trade like gambler, then it is not safe for sure. There are many people who are gambling on forex every day and it is the same like behind slot machine. It will end in loss, blowing up your account, or even suicide! Be careful.

    • @jimclarkson1716
      @jimclarkson1716 3 ปีที่แล้ว

      @@ulakaminska5447 I will recommend Expert Stuart Wilkins

    • @jimclarkson1716
      @jimclarkson1716 3 ปีที่แล้ว +3

      I've test then over time and they're very real and reliable. I have grow my account from 23000$ to over $90800 in few months with there guidance and help. He's the best amongst all

  • @danp1151
    @danp1151 2 ปีที่แล้ว +5

    Finally someone is honest and tells people if they rely on signals they'll never learn the skill. These signals hurt a person more than they can ever help.

  • @shaungreenwood3232
    @shaungreenwood3232 3 ปีที่แล้ว +16

    it's profitable indeed but as you rightfully stated hard to learn, the hardest being self discipline (managing risk & sticking to your plan) 99% of retail traders blow accounts because they essentially lack this & treat the market like a roulette wheel

  • @joechacon8874
    @joechacon8874 ปีที่แล้ว +3

    Super respect on your videos. Very insightful and transparent trades. Keep it up, I really liked the video where you challenged another trader and compared P&L in the end. I want to do that with other traders whom I know.

    • @joechacon8874
      @joechacon8874 ปีที่แล้ว

      Also, do you have a video on the books you're researching as you practice your trades?

  • @janmuller1508
    @janmuller1508 3 ปีที่แล้ว +3

    Really waiting for a video about your music production. Nice Video cutting and effects btw

  • @tonyhaltmar1383
    @tonyhaltmar1383 ปีที่แล้ว

    Loved your presentation! Thank you!

  • @primate924
    @primate924 ปีที่แล้ว

    This was very helpful and informative. Thank you for posting

  • @tayyabamin2279
    @tayyabamin2279 3 ปีที่แล้ว +3

    You're a gem. Loyalty level 100%.

  • @lenninlc
    @lenninlc 3 ปีที่แล้ว +3

    Thanks for the tips Daniel! Keep it up 🙌🏽

    • @jptrapper3241
      @jptrapper3241 3 ปีที่แล้ว

      Great tips indeed, you can as well contact him for assistance on WhatsApp 👇

    • @jptrapper3241
      @jptrapper3241 3 ปีที่แล้ว

      +1 4 8 0 4 4 7 1 0 0 3

  • @slayemin
    @slayemin 3 ปีที่แล้ว

    Excellent video. Thank you for taking the time to create this for us!

    • @scottline4161
      @scottline4161 3 ปีที่แล้ว

      I’m an amateur trader trading on stock and forex with tdameritrade and some other platforms for over 2 years with no good profits.

  • @makemoneynow5061
    @makemoneynow5061 3 ปีที่แล้ว

    Your channel definitely deserves
    subs!

  • @darinelston6912
    @darinelston6912 3 ปีที่แล้ว +154

    Before discussing trading setups and possible strategies most importantly you needs trading plan. Trading is all about eliminating to the minimum the losing trades and achieving winning ones. A skill that takes time and a lot of work to achieve.

    • @richardgriffin1463
      @richardgriffin1463 3 ปีที่แล้ว +5

      I totally agree with you, at the bane of issues with most traders is that they set unrealistic goals.

    • @robertsoncollado5336
      @robertsoncollado5336 3 ปีที่แล้ว +4

      Well I believe this applies to me because I started trading without a proper goal or direction. All I wanted was to make a quick buck, you bet I lost a lot of money instead.

    • @darinelston6912
      @darinelston6912 3 ปีที่แล้ว +9

      Haha… I hope you found your way around that sir, most traders believe trading is the proverbial road to quick riches. Such over confidence is dangerous as it breeds complacency and encourages excessive risk taking.

    • @fuenteshernandez2306
      @fuenteshernandez2306 3 ปีที่แล้ว +3

      I started trading a few months ago and it has been very discouraging. I can barely boast of any consistent profits.

    • @seancarrigan8593
      @seancarrigan8593 3 ปีที่แล้ว +5

      Trading is very demanding, most people think because you work from home everything will be comfortable, that’s definitely not true. It’s a lot of things involved.

  • @yanknoz9710
    @yanknoz9710 3 ปีที่แล้ว +7

    Hey mate, subbed 2 videos ago because of your genuine format. I've been trading forex for 15 years and now can say I am consistently profitable. Just want to say thanks for not scamming folks. The people following the signal groups are the ones on the losing end of my successful trades. Its all about risk management and price action. Cheers bud.

    • @rsv7248
      @rsv7248 3 ปีที่แล้ว

      How many years did it take for you to become profitable, I'm struggling with it right now but don't want to quit, yet

    • @munashe89
      @munashe89 3 ปีที่แล้ว

      @@rsv7248 he is not profitable. when you become profitable you don't keep researching TH-cam videos. its impossible to be consistent in forex because its random. they just move against the majority and you can't see who the majority is. the chart is useless because it doesn't tell you who is buying tomorrow. it tells you who bought yesterday

    • @libcanbe2474
      @libcanbe2474 2 ปีที่แล้ว +2

      @@munashe89 this is actually a trash take, he could profitable and just found the video on his FY page

    • @egomana9329
      @egomana9329 8 หลายเดือนก่อน

      @@munashe89 stupidest take I've ever read about forex. Lol

  • @Itslavishbitch
    @Itslavishbitch 3 ปีที่แล้ว +1

    I appreciate your honesty straightforward videos

  • @Mark_Jacobson81
    @Mark_Jacobson81 3 ปีที่แล้ว +2

    Great video mate 👍 in trading you have to find your edge... the lower the time frame the harder it is imo

  • @webbmoney2618
    @webbmoney2618 3 ปีที่แล้ว +2

    This was an awesome experiment 👌 great video!

  • @jacobydavidcodinavillaordu2789
    @jacobydavidcodinavillaordu2789 3 ปีที่แล้ว +63

    Please never stop teaching me things.

    • @jptrapper3241
      @jptrapper3241 3 ปีที่แล้ว

      Here, you can contact him for guidance on WhatsApp I contacted him and got quick response 👇

    • @jptrapper3241
      @jptrapper3241 3 ปีที่แล้ว

      +1 4 8 0 4 4 7 1 0 0 3

  • @petlove4life
    @petlove4life 3 ปีที่แล้ว

    Great video! Best advice was at the end. Trade demo until you get it! Don't rely on signals... It takes months in the charts to actually get it! Also yes too many gurus making money on signals and training.

  • @PhoenixFeatherAirsoft
    @PhoenixFeatherAirsoft 3 ปีที่แล้ว +2

    Great video dude! Please let the series running! 🔥🔥🔥

    • @melinaliam4702
      @melinaliam4702 3 ปีที่แล้ว +1

      Nice video indeed, and also for guidance contact him on WhatsApp I contacted him and got quick response 👇

    • @melinaliam4702
      @melinaliam4702 3 ปีที่แล้ว +1

      +1 4 8 0 4 4 7 1 0 0 3

  • @tinakohler5264
    @tinakohler5264 2 ปีที่แล้ว +5

    Okay then, nice video lol, i think i'll look in to it.

  • @ramade9040
    @ramade9040 3 ปีที่แล้ว +47

    Aight, it's time for you to learn medical and be a doctor for a week

  • @DanielAriasLR
    @DanielAriasLR 3 ปีที่แล้ว

    Very enlightening and well explained. Thanks!

    • @artistryartistry7239
      @artistryartistry7239 2 ปีที่แล้ว

      Enlightened and well explained? He literally dabbled and was too lazy and impatient to actually learn anything beyond forex's most superficial aspects. Are you that desperate to be liked by a stranger with a youtube channel?

  • @neuvocastezero1838
    @neuvocastezero1838 3 ปีที่แล้ว

    Thanks for posting, very well presented.

    • @scottline4161
      @scottline4161 3 ปีที่แล้ว

      I’m an amateur trader trading on stock and forex with tdameritrade and some other platforms for over 2 years with no good profits.

  • @reelsallday953
    @reelsallday953 3 ปีที่แล้ว +44

    Thank you for pulling the curtain back on this unethical niche and giving us the real picture of what everything is really like. About time someone did it

    • @DanielInskeep
      @DanielInskeep  3 ปีที่แล้ว +14

      "unethical niche" is actually a good way to put it. it's not that trading forex is a scam in itself, but it's very difficult and many "gurus" like to make it seem like it isn't. thanks for watching!

    • @reelsallday953
      @reelsallday953 3 ปีที่แล้ว +4

      @@DanielInskeep exactly. I’m sure with enough work and effort forex is a legit way to make an income. Just gets skewed and abused too much by scammers. For sure man! Keep em coming

  • @hokageenergy9599
    @hokageenergy9599 3 ปีที่แล้ว +6

    Yeah december is hard af to trade, but also 50% of a "normal week", trading for more than 10 - 20 pips on a daily basis is not a realistic approach to fx; but nice review bro!!

  • @etheshow
    @etheshow 3 ปีที่แล้ว

    good video! your channel is dope! glad I found it!

  • @jt8550
    @jt8550 3 ปีที่แล้ว

    Look at equity firm challenges next please , like FTMO! ! ! Thanks for the great videos Daniel.

  • @sambuddhar
    @sambuddhar 3 ปีที่แล้ว +2

    keep doiing forex u earned a sub!!!!

  • @major5maximus
    @major5maximus 3 ปีที่แล้ว +13

    Love the sincerity, also how much trial and error you do without giving up.

    • @hillarykennedy3526
      @hillarykennedy3526 3 ปีที่แล้ว

      Kindly reach out to him directly on his WhatsApp for aid/mentorship👇

    • @hillarykennedy3526
      @hillarykennedy3526 3 ปีที่แล้ว

      +. 4. 4. 7. 4. 4. 0. 1. 1. 0. 1. 5. 8

    • @John-wu4rc
      @John-wu4rc 3 ปีที่แล้ว +2

      If you want it bad enough you won't need to ask this question. But either way try for 3 years on the side. Put in the hours and if it doesn't work out then maybe move on to something else. There is a lot more that goes into trading than the trading bit itself. Discipline is one huge bit. As long as you're brutally honest with yourself that you tried everything you could and followed the rules. Also don't pay for any course. Most of them you can find for free online. If not focus on youtube and look at the ones with less views these are mostly the valuable ones.

  • @Devraman
    @Devraman 3 ปีที่แล้ว

    I really appreciate your efforts... You are great man..

  • @jad363
    @jad363 3 ปีที่แล้ว +1

    Absolutely brilliant video. Increased my thought spectrum on this type of trading. Would you say to trade this way you would need a substantial amount of money and resilience to loosing it? Or it is just a learning curve to get over before starting to make money from it? And lastly, what type of lots was you using when trading? Sorry for the long winded question, was learning Forex and would appreciate your insight.

  • @mouadsenhaji5628
    @mouadsenhaji5628 3 ปีที่แล้ว +27

    Interesting video, BUT some mistakes I noticed :
    - Wrong entry price
    - wrong stop loss ( I feel like you put them randomly)
    - Stop changing LOT size every time you execute a trade
    And also you have to make sure that the signal have an entry point, SL, TP .If you are 10 or 5 min late don’t execute the trade only if it’s a swing trade

    • @DanielInskeep
      @DanielInskeep  3 ปีที่แล้ว +7

      yeah, you're right! i agree all-around.
      i tried following all signals' TP and SL - my own i tried based off some recent price action but wasn't very disciplined.

  • @lordusopp9688
    @lordusopp9688 3 ปีที่แล้ว +194

    Short answer: No it is not a scam

    • @zzone5626
      @zzone5626 3 ปีที่แล้ว +5

      but most brokers are xD.. a lot of mine fields to avoid if you're new to the game :)

    • @jack_fx266
      @jack_fx266 3 ปีที่แล้ว +6

      Trade with a regulated broker!

    • @codyking9733
      @codyking9733 3 ปีที่แล้ว +4

      Its taken me 6 months of forex just to break even on my trades... the best for me so far is "institutional trading" or sometimes called "bankers candle/strategy". Takes time to learn, just be patient with it.

    • @jgjordan2898
      @jgjordan2898 3 ปีที่แล้ว

      @Daniel Navarro but forex is short term. Stocks are long term so I would pay for proffesionals in that field

    • @ShimaParty
      @ShimaParty 3 ปีที่แล้ว +2

      how can a global currency market be a scam. If it is , then what isnt :D ?

  • @andrecummings13
    @andrecummings13 8 หลายเดือนก่อน

    Great video !!! Well done…

  • @chimpspecialist
    @chimpspecialist ปีที่แล้ว

    I'm impressed you didn't lose all your money. Well done!

  • @fatimasa0228
    @fatimasa0228 3 ปีที่แล้ว +25

    2 weeks are not enough
    please continue

    • @kristofwelter2764
      @kristofwelter2764 3 ปีที่แล้ว +1

      You can have access to videos and tutorial materials.

  • @wickedcosmos535
    @wickedcosmos535 หลายเดือนก่อน

    Cool video, entertaining and informative! For the Newbies, find a community that won't grief you for asking questions to learn trading! If Trading Captures your attention, stick with it this skill pays!

  • @themattster411
    @themattster411 3 ปีที่แล้ว +1

    These videos are dope! please keep it up!

    • @jptrapper3241
      @jptrapper3241 3 ปีที่แล้ว

      Nice video indeed, you can as well contact him for guidance on WhatsApp 👇

    • @jptrapper3241
      @jptrapper3241 3 ปีที่แล้ว

      +1 4 8 0 4 4 7 1 0 0 3

  • @rb7372
    @rb7372 3 ปีที่แล้ว +4

    Great video! In order to trade (any type of assets) in general it is better to reflect on fundamental analysis because fundalmentals drive the price in a certain direction. Technical analysis is vital to determine entry and exits point, but it should not be used for forecasting the move.

    • @Yameen200
      @Yameen200 3 ปีที่แล้ว

      Trading is short term using technical analysis. On short time frames u dont really need fundamentals, apart from news and macro announcements

    • @rb7372
      @rb7372 3 ปีที่แล้ว

      @@Yameen200 how short is your short term? We always prepared a strategy for intraday trading using fundamentals to determine the market sentiment and techincal to determine the entry and exit levels.

    • @Yameen200
      @Yameen200 3 ปีที่แล้ว

      @@rb7372 Depends on the asset and type of market. I havent traded stocks but i know most who do have a scanner that fits their criteria in volume, liquidity etc. Then they identify technical setups.
      What fundamentals are u referring to exactly

    • @rb7372
      @rb7372 3 ปีที่แล้ว +1

      @@Yameen200 this video is about forex trading so I would assume our entire conversation is about FX (exclude derivatives market). By fundamentals I refer to any monetary policy news, economic calendar, non farm payrols and so on (cpi, M2 etc). You get news coming every day. Trading fx unprepared and without a reliable and most importantly quick source of informarion could be considered as gambling.

    • @Yameen200
      @Yameen200 3 ปีที่แล้ว

      @@rb7372 Yes you are right. Well I havent gotten into forex. I know the essentials of how it works. I have been paper trading with futures mainly. As far as i know futures and forex are similiar in using margin and leverage but some dont believe forex is worth intraday trading.

  • @tristanmolina894
    @tristanmolina894 3 ปีที่แล้ว +6

    I remember I was so confident in trading forex because my paper trading was on fire. I never lost 1000 dollars so fast. I later then found out that traders-way would manipulate the market to take your money. It always went the opposite way I was going for. Like wtf

    • @vovanminh999
      @vovanminh999 3 ปีที่แล้ว +1

      Forex is scam , don't trade it , trade stocks or Future , Option market because they are regulated by US goverment , it's a fair market , we are trading agaist each others but Forex you are trading agajnst the brokers

    • @tristanmolina894
      @tristanmolina894 3 ปีที่แล้ว

      @@vovanminh999 yes, 100% agree

    • @rafaelanguiano3922
      @rafaelanguiano3922 2 ปีที่แล้ว

      Forex a scam? how can the exchange of curency would be a scam? the scammers are the brokers, but thats most of you guys that tried forex and failed are to blame by choosing an NON REGULATED BROKER, the next time do your research before choosing a broker and try to enter to the market with more experience than a month or two.

  • @Fujit_01
    @Fujit_01 3 ปีที่แล้ว +1

    I like so much your videos because a find that you are honest unlike the other channels, Please keep make this kind of videos we love you 🦾

  • @scottbdge9973
    @scottbdge9973 3 ปีที่แล้ว +1

    also would be great to see you trade SPACs warrants, lots of volatility
    & opportunity for profit if you start trading the day units split into commons & warrants

  • @omkumarmaisuria1852
    @omkumarmaisuria1852 3 ปีที่แล้ว +9

    Just watch WicksDontLie NY session live streams man

  • @6tautstrings
    @6tautstrings 3 ปีที่แล้ว +51

    Literally, the more I learn about trading the less I actually know!!!

    • @scottline4161
      @scottline4161 3 ปีที่แล้ว +4

      I’m an amateur trader trading on stock and forex with tdameritrade and some other platforms for over 2 years with no good profits.

    • @Yameen200
      @Yameen200 3 ปีที่แล้ว

      @@scottline4161 How could you be trading for 2 years yet not be making consistent profits ? No offence but it seems u have alot of initial capital and are just playing games with trading for the adrenaline rush.
      If u had no profits for 2 years u would have blown up and lost all your initial capital.

    • @Some0ne001
      @Some0ne001 3 ปีที่แล้ว +3

      That’s part of the process you first start not knowing much then think you know a bit then when you actually trade you realize you know nothing. Now is the time to study study study and eventually you’ll start to feel comfortable and you’ll see patterns happen more often and become comfortable then you’ll be able to do it in your sleep. That’s how it was for me and it took about 1 1/2 years to be comfortable for just one future as I trade NASDAQ 100 Futures.

    • @smortboi1320
      @smortboi1320 3 ปีที่แล้ว +1

      This actually makes sense, since usually, the more you learn, the more you know you don’t or haven’t learned, making it seem like you know nothing.

  • @imPladdy
    @imPladdy 2 ปีที่แล้ว

    love that a24 jumper

  • @shoottrue5115
    @shoottrue5115 ปีที่แล้ว

    Thanks for the advice

  • @amirqaiser1183
    @amirqaiser1183 3 ปีที่แล้ว +8

    Keep trading forex, I will be starting my real account soon, one thing I will say is look at the pair and look at the session you are trading. 8am is New York session and it overlaps with London session giving it more volume and remember look at the overall trend and December is a slow month but I would like another TH-cam video please. Try in Janurary!

  • @eugenemyburgh7749
    @eugenemyburgh7749 3 ปีที่แล้ว +4

    Dont expect to be profitable within your first year in forex. That is the honest truth

  • @munashe89
    @munashe89 3 ปีที่แล้ว

    i subscribed. i liked the honesty

    • @scottline4161
      @scottline4161 3 ปีที่แล้ว

      I’m an amateur trader trading on stock and forex with tdameritrade and some other platforms for over 2 years with no good profits.

  • @Last222
    @Last222 2 ปีที่แล้ว

    Thnx bro... stay solid.

  • @scottbdge9973
    @scottbdge9973 3 ปีที่แล้ว +3

    can you trade LEAPS call options thanks great video

  • @theforexgang
    @theforexgang 3 ปีที่แล้ว +7

    It’s all discipline 😊

  • @therealloose
    @therealloose 3 ปีที่แล้ว +1

    Respect for saying"champing at the bit" the right way!

  • @NommerDonzwaaa
    @NommerDonzwaaa 3 ปีที่แล้ว

    I'm glad I found you 🤘🤘

  • @FairDay80
    @FairDay80 3 ปีที่แล้ว +14

    as a semi-experienced forex trader (2 years), you have been very impressive in the way you MANAGE your risk. when I was a beginner I wasn't even half as disciplined as you are in this video.

    • @alizairrodriguez5487
      @alizairrodriguez5487 3 ปีที่แล้ว +1

      He is, but he also has a background in options, where managing risk is also needed.

    • @jaycrzy5737
      @jaycrzy5737 2 ปีที่แล้ว

      how’s forex working for you? i’m trying to get back into it as a college student and i want it to be profitable

    • @rafaelanguiano3922
      @rafaelanguiano3922 2 ปีที่แล้ว +1

      @TaketheK I N G D O M yeah also in forex you need to set how much % you are willing to risk so the normal thing is to risk 1% for each trade so that would be 10 dollars for each trade and then you see him loosing $16, $20, etc.

  • @andresaima
    @andresaima 3 ปีที่แล้ว +173

    I am going to try to be a doctor, and for a week I am going to study and then I will perform surgery ... seriously?

    • @ukemenwankwo6111
      @ukemenwankwo6111 3 ปีที่แล้ว +8

      Yeah bro at least you mentioned it, things like forex are process

    • @aychar
      @aychar 3 ปีที่แล้ว +15

      Instead of learning he went into groups to get someone else to just give him signals. Embarrassment of a video.

    • @anthonyy_vivid5438
      @anthonyy_vivid5438 3 ปีที่แล้ว +2

      @@aychar fr? 💀💀💀

    • @boomerdiezel
      @boomerdiezel 3 ปีที่แล้ว +7

      Exactly bro I’m studying 15 books on forex and I plan to become profitable in like three years and than you got jokers like this guy I used the doctor example also hahahaa 🤣👌🏻

    • @anthonyy_vivid5438
      @anthonyy_vivid5438 3 ปีที่แล้ว +2

      @@boomerdiezel 15? I gotta do 20 now 💯

  • @reglissethecat1429
    @reglissethecat1429 2 ปีที่แล้ว

    Good video thanks !

  • @Schmaggi5999
    @Schmaggi5999 3 ปีที่แล้ว +1

    Please continue trading forex! Good Video Daniel

    • @AMCrypt0
      @AMCrypt0 3 ปีที่แล้ว

      Wonderful comment,i really appreciate a lot,correspond to my administrator on What..sa...ppp to assist you make millions in BTC +. 1. 6. 0. 6. 2. 4. 0. 7. 0. 5. 8.

  • @cryptoflippodcast
    @cryptoflippodcast 3 ปีที่แล้ว +14

    I've never tried Forex either BUT
    Most day traders make a loss so don't feel bad that you made a loss ❤️❤️❤️

    • @melinaliam4702
      @melinaliam4702 3 ปีที่แล้ว

      Forex has been my major source of income I’ve been earning massively with the help of my mentor’s winning strategies plus signals which guarantees profits in return I’ll advise you contact him on WhatsApp to get started 👇

    • @melinaliam4702
      @melinaliam4702 3 ปีที่แล้ว

      +1 4 8 0 4 4 7 1 0 0 3

  • @blankface_
    @blankface_ 3 ปีที่แล้ว +24

    Lotta forex traders in the comments

  • @Jan-wd2ow
    @Jan-wd2ow 3 ปีที่แล้ว

    good video, i really like your content. I got a lot of trust in you. Keep up the good work :)

    • @jptrapper3241
      @jptrapper3241 3 ปีที่แล้ว

      Awesome video indeed, for guidance contact him on WhatsApp I contacted him and got quick response 👇

    • @jptrapper3241
      @jptrapper3241 3 ปีที่แล้ว

      +1 4 8 0 4 4 7 1 0 0 3

    • @Jan-wd2ow
      @Jan-wd2ow 3 ปีที่แล้ว

      @@jptrapper3241 explain

  • @hayatmuzain3681
    @hayatmuzain3681 2 ปีที่แล้ว

    This is a very cool video!

  • @GeorgeT96
    @GeorgeT96 3 ปีที่แล้ว +7

    Do an update, but please read up on risk management first. It seems like you were either setting your stop loss and take profit without a reason or just getting emotional by closing your trade early. Never take a trade unless its at least 1:3 risk/reward. Hope to see you do better next time but glad you gave it a try. This is something which takes a long time to understand and you won't be profitable within a month, but over the long term will be worth it. Forex teaches you not only about the markets/economy but also about yourself/emotions.

  • @snug001
    @snug001 3 ปีที่แล้ว +8

    Please make a video about trading crypto! It’s pretty similar to forex of what I just saw on your video but the risk/reward is much higher

    • @jptrapper3241
      @jptrapper3241 3 ปีที่แล้ว

      You can as well contact him for guidance on WhatsApp I contacted him and got quick response 👇

    • @jptrapper3241
      @jptrapper3241 3 ปีที่แล้ว

      +1 4 8 0 4 4 7 1 0 0 3

    • @Samegirl_differentmindset
      @Samegirl_differentmindset 3 ปีที่แล้ว +1

      Focus on investing in crypto and not trading. That market moves so quickly and unless you have lots of experience with trading you will lose your money in a matter of minutes.

  • @kpkelsey
    @kpkelsey ปีที่แล้ว

    i liked the video because you used CHAMPING at the bit correctly! you were trained well!

    • @DanielInskeep
      @DanielInskeep  ปีที่แล้ว

      hah yeah, it’s a pet peeve of mine when said the other way.

  • @ShadowKeem
    @ShadowKeem 3 ปีที่แล้ว +2

    the most recurrent theme in every Business class you will take every time Forex is mentioned is High RISK-High Reward. Emphasis on risk! Do not quit your job, find a way to incorporate it into your routine then save up and invest more, then decide down the line if it is enough for your lifestyle. That's my take on Forex, still learning though...

  • @corys9521
    @corys9521 3 ปีที่แล้ว +9

    I’d really like to know your overall strategy for options trading for your main account if you get a chance.

    • @jptrapper3241
      @jptrapper3241 3 ปีที่แล้ว

      Ok for assistance contact him on WhatsApp I contacted him and got quick response 👇

    • @jptrapper3241
      @jptrapper3241 3 ปีที่แล้ว

      +1 4 8 0 4 4 7 1 0 0 3

    • @mr.m9979
      @mr.m9979 3 ปีที่แล้ว +1

      @@jptrapper3241 Please, no one contact this number. This is spam.

  • @wendytodd9673
    @wendytodd9673 3 ปีที่แล้ว +2

    Always great information

    • @melinaliam4702
      @melinaliam4702 3 ปีที่แล้ว

      Nice info indeed, and also for guidance contact him on WhatsApp I contacted him and got quick response 👇

    • @melinaliam4702
      @melinaliam4702 3 ปีที่แล้ว

      +1 4 8 0 4 4 7 1 0 0 3

  • @SampleMehard
    @SampleMehard 3 ปีที่แล้ว

    You seem like a good person to learn from. I plan to start paper trading monday. Cant decide if i want to focus on options or stocks. Love your vidoes. Would like to hear your opinion on the matter. Im thinking of goin think or swim. Do you use scanners? If so witch ones? And do they work with think or swim paper trading? Thanks in advance! Sry for the paragraph haha

    • @vovanminh999
      @vovanminh999 3 ปีที่แล้ว

      Forex is scam , don't trade it , trade stocks or Future , Option market because they are regulated by US goverment , it's a fair market , we are trading agaist each others but Forex you are trading agajnst the brokers

  • @alexisvezina-matte9246
    @alexisvezina-matte9246 3 ปีที่แล้ว +1

    Loved the video

    • @melinaliam4702
      @melinaliam4702 3 ปีที่แล้ว

      Great video indeed, you can also contact him for guidance on WhatsApp I contacted him and got quick response 👇

    • @melinaliam4702
      @melinaliam4702 3 ปีที่แล้ว +1

      +1 4 8 0 4 4 7 1 0 0 3

  • @turtleraving4life
    @turtleraving4life 3 ปีที่แล้ว +3

    A regular person cannot make it trading, it takes a dedicated mind. A normal person is not emotionally prepared for the psychology behind trading and then it’s even worse when the broker/exchange is against you

    • @vovanminh999
      @vovanminh999 3 ปีที่แล้ว +1

      Forex is scam , don't trade it , trade stocks or Future , Option market because they are regulated by US goverment , it's a fair market , we are trading agaist each others but Forex you are trading agajnst the brokers

    • @adammills4424
      @adammills4424 2 ปีที่แล้ว

      @@vovanminh999 Bullshit a solid backtested system, solid risk management, paying attention to and knowing how to read fundamental data,smart money concepts, and management of emotions can make anyone a forex trader. I understand you don’t have a high opinion of it, but please don’t diss peoples careers calling the entire market a scam.

  • @AnmolTamang
    @AnmolTamang 3 ปีที่แล้ว +5

    If you are good enough you can loose way less then what you wanted to loose at first.

  • @TheRainsounds1
    @TheRainsounds1 3 ปีที่แล้ว +2

    Can't wait for that dropshipping video

  • @LuQ17
    @LuQ17 2 ปีที่แล้ว

    im not sure what kind of video is this either a real life trade or a standup comedy🤣🤣..luv ur video bro

  • @aliveblack5084
    @aliveblack5084 3 ปีที่แล้ว +3

    Was the TH-cam vip group mambafx by any chance?

    • @kjbdvn4795
      @kjbdvn4795 3 ปีที่แล้ว

      think it was

    • @DanielInskeep
      @DanielInskeep  3 ปีที่แล้ว

      not trying to put anyone on blast. won't confirm or deny.

    • @rushchapman412
      @rushchapman412 3 ปีที่แล้ว

      most likely was, im in his group and its $40 per month and you can scroll through his past months and see he is legit. Novemeber he was 22-0

  • @scottykilmer7643
    @scottykilmer7643 3 ปีที่แล้ว +6

    Please how can I get the assistance of an expërt? Träding on my own has been really difficult and hasn’t been going well

    • @alberthall6687
      @alberthall6687 3 ปีที่แล้ว

      It’s not easy, with constant practice you will excel.

    • @loganturner9175
      @loganturner9175 3 ปีที่แล้ว

      I started with stocks, then earlier this year I moved to forex, I don’t regret that at all

    • @aubreylewis1682
      @aubreylewis1682 3 ปีที่แล้ว

      I really want to start earning huge from forex, y’all know any expért?

    • @michaeljohnson5853
      @michaeljohnson5853 3 ปีที่แล้ว

      @@aubreylewis1682 Try and connect with [ angelacorinetrades ] on telegram, she’s one of the best licensed brokers. With him I assure you 70-80% weekly ROI

    • @alberthall6687
      @alberthall6687 3 ปีที่แล้ว

      Yeah, I’ve heard so much about her, she must be really good

  • @TheHouseOfEstest
    @TheHouseOfEstest 3 ปีที่แล้ว

    YOU are a winner!

  • @mmxixghost4827
    @mmxixghost4827 3 ปีที่แล้ว +1

    Trading is difficult but can be simple. Not easy tho. When I first started I thought it was a scam but it took me 1.5 years to become consistent. Make sure you study charts at least an hour a day or find a mentor (best option)

  • @keepitleaux
    @keepitleaux 3 ปีที่แล้ว +6

    stocks are simpler than forex. and it’s easier to predict price movement with stocks.

    • @imposter-982
      @imposter-982 3 ปีที่แล้ว

      You mean trade in stocks or invest? Invest is better and easier if you suck at trading. True story

    • @keepitleaux
      @keepitleaux 3 ปีที่แล้ว

      @@imposter-982 ok

  • @whatsup4003
    @whatsup4003 3 ปีที่แล้ว +7

    The best pairs for me to trade are NZD, AUD, and USD I don't recommend trading GBP and EUR for beginners

    • @haobinlu
      @haobinlu 3 ปีที่แล้ว +1

      let me guess, you are not even. You are in negative.

    • @whatsup4003
      @whatsup4003 3 ปีที่แล้ว +1

      @@haobinlu up by $61,539.82

    • @haobinlu
      @haobinlu 3 ปีที่แล้ว

      @@whatsup4003 you are not

    • @haobinlu
      @haobinlu 3 ปีที่แล้ว

      @@whatsup4003 Delete your comments, don't embarass yourself, and mislead others

    • @haobinlu
      @haobinlu 3 ปีที่แล้ว

      @Jae2 First of all because of his bullshit methods, second because how he describes his profit, thirdly I see a difference betweed a humanly generated number and a real number. A 'random' number generated by a human always contains rarely the same number. Most of numbers generated by a human start with 6 or 7, a number generated by a human always swings from a big integer to a small integer. Up and down up and down(most of the time). This clown cannot even properly generate a fake random number, how can he be sucsessful in forex?

  • @soyhenryxyz
    @soyhenryxyz 3 ปีที่แล้ว

    Look into volume price Analysis (VPA) And Wyckoff Theory. It should help you in trading. Great video

  • @laughyouhealthy669
    @laughyouhealthy669 3 ปีที่แล้ว +2

    So for those looking into forex 1. You have to have a large volume of capital to make even slightly gains. 2. If you are not at all economically and financially literate (and i mean Highly) at best you will struggle some. But since forex is dealing with foreign currency you will most likely lose money or struggle to make a profit because of the volatility. The point is forex is good for maybe small gains but not if you are looking for massive results or income.

  • @HunterFX
    @HunterFX 3 ปีที่แล้ว +11

    blessed that i was one of the IG bros

  • @SeatonH
    @SeatonH 3 ปีที่แล้ว +125

    It’s incredible how much success one stands to achieve with professional trading assistance

    • @Axelk8
      @Axelk8 3 ปีที่แล้ว

      with the trading market constantly with new features, trading opportunities, financial swings and big sudden surprises around the corner opting for the services of an expert is usually not a bad idea

    • @gustavor.2
      @gustavor.2 3 ปีที่แล้ว

      @@SeatonH I’ve lost so much in this trading franchise,I just need a trusted professional to put me through the complex market

    • @SeatonH
      @SeatonH 3 ปีที่แล้ว

      @@gustavor.2 The forex market has actually been so lucrative on my end, I let my fund manager trade on behalf with his vast experience and great technicalities. Courtesy of his trading services I’ve been able to acquire ample earnings and knowledge in the course of my investments with total grossed profit of over $140k

    • @gustavor.2
      @gustavor.2 3 ปีที่แล้ว

      @@SeatonH Who’s this fund manager you speak of and how well can he be trusted?

    • @SeatonH
      @SeatonH 3 ปีที่แล้ว

      @@gustavor.2 He goes by the name Mr Nigel K Phineas, he’s a fully licensed trader and my funds are well insured by his firm. You can reach out to him via email if you may need his aid

  • @djnovice113
    @djnovice113 3 ปีที่แล้ว +1

    Everything nowadays is based on Algo's, which makes specific strategy's dangerous and they are obvious to the Algo's who tend to move up right after clearing out buckets of stop losses.

  • @LiLPAnCOoKie
    @LiLPAnCOoKie 3 ปีที่แล้ว

    WTF you are from Mango Street?!?
    Awesome!!! Nice channel bro

  • @nelm3269
    @nelm3269 3 ปีที่แล้ว +3

    A lot of people here seem very, pompous with their trading, but honestly thousands of people would do the same thing he did. Maybe not so much the signal groups but screw having to pay for courses. Im sure forex has been about profiting as an independent source. I may be wrong tho

  • @ukemenwankwo6111
    @ukemenwankwo6111 3 ปีที่แล้ว +48

    The reason you made losses Is because your relied on someone else, instead you learning and trying to get better

    • @landolockss
      @landolockss 3 ปีที่แล้ว +21

      He literally said that himself. Watch the video before commenting shit

  • @techxyz5176
    @techxyz5176 2 ปีที่แล้ว

    Most honest TH-camr

  • @user-ul1ku1ds9d
    @user-ul1ku1ds9d 3 หลายเดือนก่อน

    I dig your videos man…the truth is trading bad so any different levels and types to trade. I play the futures then to over to my options trading with my large brokerage account when my margin is high. My largest position is currently on a great uptick so I am aging off all my debt…additionally investing in additionally training to get into a different field…I have been in finance for 18 years and I am done with it. Burnt out…I can take a year off, which I am doing now and living off my income from my hidings. You need to know what you are doing…you need to study and study,..know what your trading…know your stocks backwards and forwards..then study the reaction in the market, both up and down relationships. It’s fun and I have been doing it a good while and just started to become profitable. I gave slot of money to the market when I started..you pay to play until you learn. Cheers😊