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.
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!!
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.
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.
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.
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.
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.
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.
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
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.
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 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
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.
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
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
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
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
"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!
@@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
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
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.
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...
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 :)
This guy is the most honest retail trader. As a former hft, retails dont stand a chance. Forex is even worst since they have specialized asics for that. To make real money, costs 20k in startup costs and 2-3k in monthly maintenance costs and can only really be done algorithmically.
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
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.
I started forex trading 2 years ago with signals with no great success, but I kept learning. I now use software like the institutions to trade for me and keeping my risk settings conservative to grow my wealth. I now added PAMM accounts to my portfolio with pro traders trading for me. I also do my own manual trading because I learned and still learning. I can't wait to get as many years in the forex market as I have in the stock market. Game changer!
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.
I trade full time. There are dozens of factors which can ruin a trade. To be successful you must identify and watch for these. This takes a lot of experience. Example: at 4:14 you sold. The chart was in a downtrend, but the most recent swing high was higher than the previous. This makes the downtrend invalid or at least questionable on this timeframe. You want to see price move up to 1.2134 and turn down again. That would be a good continuation of the downtrend. Instead, price went up and compressed near the resistance. This suggests price may breakout higher. For my methods, the best move is to take no trade here. It's not bullish enough to buy, but it certainly isn't bearish enough to sell.
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
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
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.
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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 🤣👌🏻
@@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.
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.
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.
@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.
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.
@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?
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.
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!
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.
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!!
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 👇
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
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
@@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.
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)
@@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
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!
4:01 - you dont buy against the force ... it didn't even touched the 50 fibo 4:17 - again , selling in the pullback putting the stop loss in the 50 fibo 4:43 - when the pullback hits 50 fibo , you need confirmation before open and new order , the is no solid confirmation in the buyers side , we see more force on the sellers side in the pullback than the buyers side after the pulback 6:23 - Never Ever EVER use forex trading signals or (Copy paste) what others are doing ! take your time , invest in your education first and then your mentality , you got to give yourself time to learn , how can you live out of forex if you copy and paste others ? it's pointless , the problem whit trading is that people don't even try to learn they just want money and that's it 8:32 - you don't buy at the top of the wave ... whait for the pullback 50 fibo and then the confirmation. 8:44 - damn , .. same thing as 8:32 but worse 9:19 - again , never copy paste others , study by yourself ! ,, it's pointless having a car and don't know how to drive it ... you will crash :| 9:40 - win but you didn't learn nothing ,you just copied and paste 10:48 - copy paste 10:54 - copy paste 11:00 - copy paste 11:12 - copy paste 11:22 - copy paste 11:38 - you lost 30 dollar on your own , that's actualy good , better than copy and paste , because when you lose on your own you are actually learning something , and when you don't know what made you lose all that money on your own , start analising what whent wrong and wrote it down so you don't make the same mistakes again , your results come from the level of knolage and not from the knolage from others ( FOR ALL TRADERS OUT THERE READING THIS , DON'T BE LAZY AND TRY TO GET FAST MONEY WHITOUT HARDWORK ! LEARN FOR YOURSELF AND DONT COPY FROM OTHERS !)
@@DanielInskeep don't copy paste bro !! you can be more succesful learning on your own , you can't do it in just a few weeks but in a year i belive you can learn and get a lot of experience !
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.
Funny thing is most real successful traders loose more trades than they win but the profits far outweigh the losses because it takes a few tries to be right on the trend. I think the profitable trades are around 30%-40% and loosing trades are around 60%-70%.
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.
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 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 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
I've studied Price action strategies for years. Both forex and options are not scams. You just need to study technicals, fundamentals, and for some who are more advanced - quant strategies. It took me 7 years to finally learn it. Not as easy as it may seem. You know you are good at forex and options once you develop "20/20 chart vision." Hard to explain what that is, but you will know when you have it. Also...chart patterns, candle stick patterns, counting cycles, S/R, are great tools, but only if you know how to use them and develop a strategy. Developing a technical and fundamental strategy takes years due to the fact that you need to back test historical and new price data (unless you know python, SQL, or C really well). If you want to learn technical analysis you have to personalize it for yourself otherwise you will never understand it. Trust me, after purchasing and wasting my money on courses, I have found most of my learning from constant trial an error and starring at charts for more than 4 hours a day! It is more of a grind then whole sale real estate or drop-shipping 100% But then again some may learn it fast, but I would say for most it takes a long ass time
The market always goes up. It has some bad moments, but it always goes up. I think you close your positions too soon. Don't be scared of a -10%, if you have enough money to hold that position, do it. It will probably go up again
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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
i like how you put things in the video however, as a forex trader myself being profitable from it and only being 18, taking me a year to master one strat which is actually quick on avg. the fact that you made a forex vid after 2 weeks and just spoke upon it is 100% a little insulting. even the most common support and resistance technical wasnt used in this.
Yup I agree, the fact that he expects to “understand” by simply watching some youtube videos is hilarious the only way to become consistent is by watching how price moves over long periods of time at least >1year
Learn to read the chart. Learn to identify the different resistance levels. Resistance in itself can be used as a strategy. If a pair has been bottoming out at a certain level and you identify that you can easily ride the pull back for a couple pips. I'm at the point now I don't even need any indicators *maybe* an rsi but that's about it
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 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.
@@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
@@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.
@@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.
I have been trading and studying the markets for 20 years, almost nothing they teach you works, at best some methods will work every now and then, but overall they don't work, neither is possible to make sense of market news. The methods that do work, are significantly different from what I originally thought.
You have every reason to try it. Just dont throw in 1k with one week experience..you wil lose it, but you wil learn..dont pay other people use that money to learn. At the end of the day it wil be like tuition
Forex can be profitable. Like most people you went "live" too soon. The long time traders emphasize practicing for months some say a year before using real money.
what do you think? want a forex trading update in a month or should i call it quits and move on to something else?
Definitely do an update please!!
crypto!
Yes, please!!!
Crypto 🙏
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.
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!!
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 👌🏻
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.
what's the point of trading then if it's not making money?
@@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
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.
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.
I totally agree with you, at the bane of issues with most traders is that they set unrealistic goals.
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.
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.
I started trading a few months ago and it has been very discouraging. I can barely boast of any consistent profits.
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.
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
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.
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 😂
so true. opportunity missed.
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.
@@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.
I no her she uses tea leafs
😂😂😂😂😂😂😂😂😂
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.
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
@@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
@@munashe89 this is actually a trash take, he could profitable and just found the video on his FY page
@@munashe89 stupidest take I've ever read about forex. Lol
Please never stop teaching me things.
Here, you can contact him for guidance on WhatsApp I contacted him and got quick response 👇
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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.
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
@@honeybadger036 Wow, you are a real Honey Badger
😂
@@honeybadger036 bro THIS 😂❤️
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
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
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
"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!
@@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
I enjoyed the video, but this is literally a tutorial of what no to do lol
That’s how my dad taught me how to be a man
Yes. What not to do: trade forex.
@@Stierenkloot eh
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.
@@mostafakasim9539 I'm unable to access my two accounts. Is that mean it gone?
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
Great content indeed, Here you can contact him for guidance on WhatsApp I contacted him and got quick response 👇
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2 weeks are not enough
please continue
You can have access to videos and tutorial materials.
Okay then, nice video lol, i think i'll look in to it.
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
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.
Great video dude! Please let the series running! 🔥🔥🔥
Nice video indeed, and also for guidance contact him on WhatsApp I contacted him and got quick response 👇
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You're a gem. Loyalty level 100%.
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...
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 :)
This guy is the most honest retail trader. As a former hft, retails dont stand a chance. Forex is even worst since they have specialized asics for that.
To make real money, costs 20k in startup costs and 2-3k in monthly maintenance costs and can only really be done algorithmically.
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
Aight, it's time for you to learn medical and be a doctor for a week
Legitemately great content. I think you have a great potential for the future. Keep hustling. Good luck 🥰
Thanks for the tips Daniel! Keep it up 🙌🏽
Great tips indeed, you can as well contact him for assistance on WhatsApp 👇
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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.
Also, do you have a video on the books you're researching as you practice your trades?
Really waiting for a video about your music production. Nice Video cutting and effects btw
I started forex trading 2 years ago with signals with no great success, but I kept learning. I now use software like the institutions to trade for me and keeping my risk settings conservative to grow my wealth. I now added PAMM accounts to my portfolio with pro traders trading for me. I also do my own manual trading because I learned and still learning. I can't wait to get as many years in the forex market as I have in the stock market. Game changer!
Run a search with his name , He will tell everything you need to know about his service from his telegam user.,,
Short answer: No it is not a scam
but most brokers are xD.. a lot of mine fields to avoid if you're new to the game :)
Trade with a regulated broker!
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.
@Daniel Navarro but forex is short term. Stocks are long term so I would pay for proffesionals in that field
how can a global currency market be a scam. If it is , then what isnt :D ?
I trade full time. There are dozens of factors which can ruin a trade. To be successful you must identify and watch for these. This takes a lot of experience.
Example: at 4:14 you sold. The chart was in a downtrend, but the most recent swing high was higher than the previous. This makes the downtrend invalid or at least questionable on this timeframe.
You want to see price move up to 1.2134 and turn down again. That would be a good continuation of the downtrend. Instead, price went up and compressed near the resistance. This suggests price may breakout higher.
For my methods, the best move is to take no trade here. It's not bullish enough to buy, but it certainly isn't bearish enough to sell.
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
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
@@vovanminh999 yes, 100% agree
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.
Please continue trading forex! Good Video Daniel
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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?
Yeah bro at least you mentioned it, things like forex are process
Instead of learning he went into groups to get someone else to just give him signals. Embarrassment of a video.
@@aychar fr? 💀💀💀
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 🤣👌🏻
@@boomerdiezel 15? I gotta do 20 now 💯
Literally, the more I learn about trading the less I actually know!!!
I’m an amateur trader trading on stock and forex with tdameritrade and some other platforms for over 2 years with no good profits.
@@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.
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.
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.
This was an awesome experiment 👌 great video!
Respect for saying"champing at the bit" the right way!
Lotta forex traders in the comments
These videos are dope! please keep it up!
Nice video indeed, you can as well contact him for guidance on WhatsApp 👇
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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.
He is, but he also has a background in options, where managing risk is also needed.
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
@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.
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.
Dont expect to be profitable within your first year in forex. That is the honest truth
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 🦾
🙏
The best pairs for me to trade are NZD, AUD, and USD I don't recommend trading GBP and EUR for beginners
let me guess, you are not even. You are in negative.
@@haobinlu up by $61,539.82
@@dawgsout4free you are not
@@dawgsout4free Delete your comments, don't embarass yourself, and mislead others
@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?
Loved your presentation! Thank you!
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
You can as well contact him for guidance on WhatsApp I contacted him and got quick response 👇
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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.
Excellent video. Thank you for taking the time to create this for us!
I’m an amateur trader trading on stock and forex with tdameritrade and some other platforms for over 2 years with no good profits.
blessed that i was one of the IG bros
😆
Tune in next week when he tries to build a 60 foot skyscraper with toothpicks and toilet paper and then shuns the process as unreasonably difficult.
stocks are simpler than forex. and it’s easier to predict price movement with stocks.
You mean trade in stocks or invest? Invest is better and easier if you suck at trading. True story
@@imposter-982 ok
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!
Love the sincerity, also how much trial and error you do without giving up.
Kindly reach out to him directly on his WhatsApp for aid/mentorship👇
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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.
Most honest TH-camr
keep doiing forex u earned a sub!!!!
Your channel definitely deserves
subs!
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!!
This was very helpful and informative. Thank you for posting
I've never tried Forex either BUT
Most day traders make a loss so don't feel bad that you made a loss ❤️❤️❤️
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 👇
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Great video mate 👍 in trading you have to find your edge... the lower the time frame the harder it is imo
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
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
@@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.
Loved the video
Great video indeed, you can also contact him for guidance on WhatsApp I contacted him and got quick response 👇
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Was the TH-cam vip group mambafx by any chance?
think it was
not trying to put anyone on blast. won't confirm or deny.
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
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)
Please how can I get the assistance of an expërt? Träding on my own has been really difficult and hasn’t been going well
I started with stocks, then earlier this year I moved to forex, I don’t regret that at all
I really want to start earning huge from forex, y’all know any expért?
@@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
I’ve been investing with her too, no issues
You could give her a try, for a faster reply chat her on whst.app
+1 6 6 0 5 1 5 0 0 1, tell her one of her clients referred you, I could use a bonus😊
Great video !!! Well done…
can you trade LEAPS call options thanks great video
yes - 100% will do that
good video! your channel is dope! glad I found it!
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!
This is a very cool video!
4:01 - you dont buy against the force ... it didn't even touched the 50 fibo
4:17 - again , selling in the pullback putting the stop loss in the 50 fibo
4:43 - when the pullback hits 50 fibo , you need confirmation before open and new order , the is no solid confirmation in the buyers side , we see more force on the sellers side in the pullback than the buyers side after the pulback
6:23 - Never Ever EVER use forex trading signals or (Copy paste) what others are doing ! take your time , invest in your education first and then your mentality , you got to give yourself time to learn , how can you live out of forex if you copy and paste others ? it's pointless , the problem whit trading is that people don't even try to learn they just want money and that's it
8:32 - you don't buy at the top of the wave ... whait for the pullback 50 fibo and then the confirmation.
8:44 - damn , .. same thing as 8:32 but worse
9:19 - again , never copy paste others , study by yourself ! ,, it's pointless having a car and don't know how to drive it ... you will crash :|
9:40 - win but you didn't learn nothing ,you just copied and paste
10:48 - copy paste
10:54 - copy paste
11:00 - copy paste
11:12 - copy paste
11:22 - copy paste
11:38 - you lost 30 dollar on your own , that's actualy good , better than copy and paste , because when you lose on your own you are actually learning something , and when you don't know what made you lose all that money on your own , start analising what whent wrong and wrote it down so you don't make the same mistakes again , your results come from the level of knolage and not from the knolage from others
( FOR ALL TRADERS OUT THERE READING THIS , DON'T BE LAZY AND TRY TO GET FAST MONEY WHITOUT HARDWORK ! LEARN FOR YOURSELF AND DONT COPY FROM OTHERS !)
i appreciate your insights!
@@DanielInskeep don't copy paste bro !! you can be more succesful learning on your own , you can't do it in just a few weeks but in a year i belive you can learn and get a lot of experience !
i liked the video because you used CHAMPING at the bit correctly! you were trained well!
hah yeah, it’s a pet peeve of mine when said the other way.
I’d really like to know your overall strategy for options trading for your main account if you get a chance.
Ok for assistance contact him on WhatsApp I contacted him and got quick response 👇
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@@jptrapper3241 Please, no one contact this number. This is spam.
Thanks for posting, very well presented.
I’m an amateur trader trading on stock and forex with tdameritrade and some other platforms for over 2 years with no good profits.
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.
Funny thing is most real successful traders loose more trades than they win but the profits far outweigh the losses because it takes a few tries to be right on the trend. I think the profitable trades are around 30%-40% and loosing trades are around 60%-70%.
If you are good enough you can loose way less then what you wanted to loose at first.
This channel is growing! Soon, you'll be getting all of those bitcoin and forex bot comments!
Lmao they’re already appearing on this comment section
2:08 big profits
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.
Just watch WicksDontLie NY session live streams man
im not sure what kind of video is this either a real life trade or a standup comedy🤣🤣..luv ur video bro
It’s incredible how much success one stands to achieve with professional trading assistance
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
@@SeatonH I’ve lost so much in this trading franchise,I just need a trusted professional to put me through the complex market
@@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
@@SeatonH Who’s this fund manager you speak of and how well can he be trusted?
@@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
i subscribed. i liked the honesty
I’m an amateur trader trading on stock and forex with tdameritrade and some other platforms for over 2 years with no good profits.
Always great information
Nice info indeed, and also for guidance contact him on WhatsApp I contacted him and got quick response 👇
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I've studied Price action strategies for years. Both forex and options are not scams. You just need to study technicals, fundamentals, and for some who are more advanced - quant strategies. It took me 7 years to finally learn it. Not as easy as it may seem. You know you are good at forex and options once you develop "20/20 chart vision." Hard to explain what that is, but you will know when you have it. Also...chart patterns, candle stick patterns, counting cycles, S/R, are great tools, but only if you know how to use them and develop a strategy. Developing a technical and fundamental strategy takes years due to the fact that you need to back test historical and new price data (unless you know python, SQL, or C really well). If you want to learn technical analysis you have to personalize it for yourself otherwise you will never understand it. Trust me, after purchasing and wasting my money on courses, I have found most of my learning from constant trial an error and starring at charts for more than 4 hours a day! It is more of a grind then whole sale real estate or drop-shipping 100% But then again some may learn it fast, but I would say for most it takes a long ass time
The reason you made losses Is because your relied on someone else, instead you learning and trying to get better
He literally said that himself. Watch the video before commenting shit
The market always goes up. It has some bad moments, but it always goes up. I think you close your positions too soon. Don't be scared of a -10%, if you have enough money to hold that position, do it. It will probably go up again
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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
I really appreciate your efforts... You are great man..
i like how you put things in the video however, as a forex trader myself being profitable from it and only being 18, taking me a year to master one strat which is actually quick on avg. the fact that you made a forex vid after 2 weeks and just spoke upon it is 100% a little insulting. even the most common support and resistance technical wasnt used in this.
Yup I agree, the fact that he expects to “understand” by simply watching some youtube videos is hilarious the only way to become consistent is by watching how price moves over long periods of time at least >1year
Learn to read the chart. Learn to identify the different resistance levels. Resistance in itself can be used as a strategy. If a pair has been bottoming out at a certain level and you identify that you can easily ride the pull back for a couple pips. I'm at the point now I don't even need any indicators *maybe* an rsi but that's about it
I am a learning the ropes of trading forex and commodities, and I'm still new and agree with how It can be insulting !
@@alizairrodriguez5487 agreed
Thnx bro... stay solid.
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.
Trading is short term using technical analysis. On short time frames u dont really need fundamentals, apart from news and macro announcements
@@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.
@@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
@@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.
@@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.
I'm glad I found you 🤘🤘
It’s all discipline 😊
Look at equity firm challenges next please , like FTMO! ! ! Thanks for the great videos Daniel.
Still waiting for you to announce your million dollar profit from your stocks... 😆
Great video Daniel as always :)
i keep waiting for that too!
I have been trading and studying the markets for 20 years, almost nothing they teach you works, at best some methods will work every now and then, but overall they don't work, neither is possible to make sense of market news. The methods that do work, are significantly different from what I originally thought.
see now i know if its hard for you there is no reason for me to try it. Thank you!
You have every reason to try it. Just dont throw in 1k with one week experience..you wil lose it, but you wil learn..dont pay other people use that money to learn. At the end of the day it wil be like tuition
good video, i really like your content. I got a lot of trust in you. Keep up the good work :)
Awesome video indeed, for guidance contact him on WhatsApp I contacted him and got quick response 👇
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@@jptrapper3241 explain
Forex can be profitable. Like most people you went "live" too soon. The long time traders emphasize practicing for months some say a year before using real money.
thank you for being honest