I’ve been preaching this to my friends for many years ago that no one can just choose to waste their time in teaching people how to trade forex instead of just making money alone in peace 😂
True the burden of people pressuring you for signals and asking silly questions. Why would I want that if I make millions? But the other side of it if you have read the book the disciplines trader is that you can be a good trader but not have discipline, so you can spot the trades but you better at giving the signals than following it through on your own. Pschologically its less of a burden to trade with money that is not yours.
The flaw with you statement, is you’re not realising that making a percentage of your total investment on stocks will never add up to 10 000 people buying your 2000$ course. It’s like a professor of business, or a sound engineer, they’ll make hourly pay, or get freelance work but that’s capped to the amount of hours in a day. Selling a course will always be more lucrative than shorting for 1% profit daily of your total stock investment
What about those that would like to empower others as well. It’s the lack of wanting to help others that the mindset is broken. Let’s take this TH-cam video as an example, why would you want people to watch this video? To like, comment and subscribe, not Are you alone making money off from the views but through the likes and subscription as well right? Same with Forex (Multiple streams of income). There’s no doubt there’s scammers in the Forex industry, but because you’re failure in being disciplined, consistent and the WILL to want to make it work, now every Forex mentor or trader gets put under the umbrella. It takes many professions 5yrs or more to obtain a degree but yet we want a course and time on the charts to take us less than 3yrs to make the BIG DOLLAR. DO MORE RESEARCH, many pro traders took more than 3yrs to become profitable and now successful.
Dude, same here. I paid for my own "course" by losing a lot of money in the beginning, six years later I can live off it. I did not buy any courses from gurus. I do follow two people on TH-cam weekly for tips, I must admit. But even without watching these guys I can asses charts and get into trades on my own.
@@rethalee845 Justin Bennett and John Fortune. Both do their technical analysis on the higher time frames, especially Justin, which suits my trading style where I can have orders running for weeks to months. John also explains the fundermentals really well
Very good to know. I guess this is one instance where being older and understanding nothing happens over the night has saved me quite a bit of time chasing phantom wealth. Thanks for sharing
@@YG-nq9yc it makes more sense as you called in institutes that ask you to pay tremendous amount of fees to get a piece of paper that says “you are good enough to work for someone else when you can literally get all those knowledge for free on the internet all you need is a subscription plan and some motivation
@@YG-nq9yc it makes more sense as you called in institutes that ask you to pay tremendous amount of fees to get a piece of paper that says “you are good enough to work for someone else when you can literally get all those knowledge for free on the internet all you need is a subscription plan and some motivation
@@StefDev exactly, I don't know why they are so driven by a lifestyle that might not be real. And babypips breaks it down so nicely, its like school you start at creche level and keep going through the courses like a school system.
In 2018 I also subscribed for one course which the guy just disappeared after 6 months when we were about to start the advance training. I got demoted and in 2020 I started learning from TH-cam and only late last year I started to be profitable. I have nothing against these courses they sell, I have grown to understand that these courses are the same as university courses, some will make it and some won't it all depends on a person and how bad you want it
Glad to hear you've become profitable, well done and keep killing it. I would however push back on the comment regarding University courses, depending of course on what you study. I for example studied Computer Sciences and the ROI on that has been massive and I'm only 4 years in. Usually Uni courses have a governing body behind them approving the content and if you apply for enough jobs with a degree behind your name, you'll get it. A degree can still get you a really high paying job if you study in the right field. Whereas these Fx courses have no success statistics, no governing body and the chances are not nearly as high for success as it would be with a good degree behind your name. The gurus like the talk smack on a 9 to 5. But the 9 to 5ers can feed their families, Where that's very rarely the case with their course reviews. These courses unfortunately do not lead to success in most cases.
@@StefDev Not everyone has the skills to trade. You generally have to put in 10,000 hours in trading (as in everything) to have a chance to become a pro. Even if you put in the 10,000 hours, you may not have the personality and temperance to make it. There are people that does $20k from $1k in a weeks trading, but they don't have no interest in advertising it or bragging about it on a TH-cam video. But yes, if you think an internet course or signals will give you the skills and money, you are a moron.
Make research about Smith Trust Bk once you find the page you will definitely find their support e-mail address on top of the page. Reach out to them and tell them you want to copy trading signals to make six figures.
I do not sell courses or teach 1 on 1 and I'm successful at trading. The problem with this guy in the video was he went from strategy to strategy mentor to mentor. I basically stopped watching the video once he mentioned that because that was his downfall. One will never become a profitable or successful trader if you hop from strategy to strategy mentor to mentor. I'm a funded trader and I currently Trade a $200K account with a prop firm. Oh I live in South Africa and since day 1 I had one mentor and I started trading just over 2 years ago. I didnt change my mentors or strategy like I change my underwear.
Stef- I've been a career trader for well over 20+ years... and most guys on the internet cannot nor do they trade for a living. Also I would have no problem naming names man. It might just save the next guy. And if these "marketeers" want to take up the challenge for calling them out, tell them to present a live account statement for 1 week and you'll shut up. They can't do it. ;)
Please teach us Mr. Thompson, some of us can't learn on our own. I started trading over a year ago and my understanding of the market hasn't improved nor can I make any profit
Thanks for spitting the facts. The dead give away is that they flex way too hard and basically beg you to take their course. That's how they make their money.
Trading is based on probability precisely risk to reward. It's not some get rich quick scheme or lottery. It's calculated risk and not everyone will understand it. If you think trading is gambling or some kind of lottery, withdraw all your money from banks because they trade your money on a larger scale on derivatives. It's a high income skill therefore not everyone is supposed to make money.
Well said, no get rich quick. Extra income at best. Limit your spending, save, reinvest, and buy assets that will bring in more income. After time you wont only be rich, but wealthy. Slow steady natural rise to wealth. Most everyone has has become wealthy, did it like this.
What i realised is that trading is mostly a psychology game. Its not really about the ultimate strategy , becuase the odds remain the same. A strategy just give you a bias , but with that bias people still set a unrealistic tp levels and a super tight stop loss. If you want to get R4k of a trade then just increase the lot size instead of expecting the market to move 500 pips with your micro accout. The market is always changing from buys to sells so find a strategy that gives you a 50 or 100 pip bias then set your tp there with a confortable lot size 🤷🏽♂️
Trading definitely is very psychological. I just don't know if it's worth the effort to be completely honest. From what I've seen and heard, the 1% of people that actually become profitable in trading take around 5-10 years before they become consistently profitable. It's a very hard skill to learn. The reason I say it's not worth it, is because even at those amount of years, some people still fail. Your chances at succeeding at something like Ecommerce, TH-cam, FreeLancing, Starting your own business, has a much higher chance of becoming successful than trading. But that's just my personal opinion I've formed based on my own research. Everyone should definitely evaluate each avenue and decide for themselves what looks like the best possible route to follow.
@@StefDev so basically you are just looking for the easy way out in life🤷🏽♂️... That's the problem with most South Africans, it's no wonder our economy is weak... You talk about Studying ecomerc, if education was the way don't you think we would have alot of people driving around in Bugattis🤷🏽♂️
@@StefDev well its like any business, you need to be dedicated and learn from your mistakes. The stats of people starting a business and failing are pretty crazy as well. To succeed in any of these sort of these things requires a huge amount of dedication and determination. Those who say forex is a scam normally have the mindset of "If I can't do it then it must be a scam". No doubt its very hard and you have to go through a lot of hard times. I myself am not consistent enough yet, but that's more because of mentality rather than my strategy.
@@psychonautica6081 whatever his side is it doesn't matter cause his concepts work like a charm, I've been hella profitable since I used his teachings.
@@senkuishigami2291 I watched the 2022 mentorship only. Though I understand everything. However there is a way to understand everything first before attending his mentorships cause rn since you know nothing. His teachings are going to confuse you. If you don't mind, you can share your app 10s and forward to you you how i made it easy for myself.
To achieve greatness, you need to start working towards it. Investing remains the smartest way to prepare for the future. Been into this for 8years and I'm extremely pleased with the good returns. The good news is, it's never too late to start investing.
The first step to success is figuring out your goals and risk tolerance - either on your own or with the help of a financial advisor. If you can get the facts about savings and investing with a well detailed plan, you should be able to gain financial security over the years and enjoy the benefits of managing your income.
Personally i ventured into the stock market so i won't be stranded with the help of an Investment advisor. A colleague of mine introduced me to "expert Mrs Kathy L Warley a regulated broker in the US", who drew out investments plans and they all aligned with what i wanted and had to pick one plan and with his exit and entry strategies on commodities, securities and digital assets, my portfolio has really been diversified with good ROI. I am really impressed by how much i have achieved so far with my investment...
@@kennycook3367 that's great, your investment advisor must be really good, I have seen testimonies of people using the help of investment advisors in making them more financially stable. Do you mind sharing more info on how to reach your advisor?
Keep doing what you are doing Stef. As a fellow South African, it makes me happy that there are individuals like yourself bringing awareness to such scams here in SA.
I am trading 7months, and I've experienced on numerous occasions flipping R1k to R8k, 10k, 12k. Making those big gains, and reaching similar heights is defnitley possible.
I have been a victim of these scammers too, and after realizing how foolish I was for believing in them, I felt so stupid. I understand the magnitude of this problem overseas as well. However, South African traders are particularly bad, claiming to make over 100% return on a single trade consistently. These scammers do not even provide proper risk management lessons and trading psychology in their courses, whereas studies have found that trading is more psychological than technical. I hope that as people become more informed of the truth about the markets, they will make wiser decisions and seek advice from traders who are actually making money from the financial markets.
Sorry to hear you were also scammed. All we can hope for is that more people become aware of this issue in SA and that over time fewer people will support these scammers and find real skills to generate the wealth levels they are trying to achieve.
@@susankariuki449 What??If your trying to say what i think then that don't make sense,new trader's come daily,many loose and keep loosing with the hopes, every mentor say's it takes time,plenty of money even though 90 percent loose.I think it's possible,i make money and think i will make it,just how much? how long?All these mentors with big money most sell courses,teach,signals,so it makes smart trader's start to think how many actually make it wealthy off trading alone?I know some make money just most are lying or getting it other way's.
I can teach you how to be profitable in a single week, or pass a funding evaluation etc. I will do it for free, if you purchase baby formula weekly for the hungry children where I live in the Philippines. That's my offer to you. steven PS. that's purchase the formula AFTER I have given you the knowledge for free.
You and 'Rydall Flicks' ..Should link up for a chat.. about these Forex scammers. He's also on TH-cam. It would help the public to be informed about them.
This is a well researched video giving people the actual information that they need. Someone considering getting into this kind of business in SA would never find a video like this online when they actually want one.
LMAO!! I just remembered that my very own aunt tried pulling that crap with me. She told my mom how her son is trading forex and is making quite a lot of money for himself. Then she said, "if you want, I can get my son to teach your daughter but it will cost you R15 000" I was actually shocked to find out that it be your own family 😩
No fr getting into forex is completely free. I am a self taught trader and learned from trial and error. Everything you need to learn forex is on TH-cam completely for free!
I traded well on my Demo account but when I invested in to my main account i lost all my funds. Please i need an expert to assist me with my trading. It's frustrating how people loss funds in this trading, I really feel so bad.
That's true,. Its really needful for beginners not to settle for videos alone or they will see themselves losing all their money just like me when I newly started trading with this videos here on TH-cam.
Not really. Just like in every industry… once you’ve become and expert you share your knowledge and reap the rewards for the course. Why wouldn’t you when teaching is one of the highest income opportunities.
@@craigm0tiv49 No. more like don’t sell the strategy because if it floods the market it becomes useless… that’s why we don’t share shit. It’s not the same as the comparison you made where you can easily share info coz it doesn’t affect you much if you do share it
Fantastic video!!! I tried for a very long time to trade forex...and while making some money, it seems that you always seem to lose more than you make. It's a waste of money. Thank you for shedding light on this matter.
Glad to hear that. I also believe the best way to achieve success in the markets would be to spend a bulk load of time in front of the charts and master it by yourself. There is nothing like a "strategy" that works all the time.
Trading can be stressful if you are not a consistent trader a lot of people go into trading thinking they are about to get rich and little do they know that this is a business you are the business and most businesses take years to just breakeven.... I learn from ICT he provides free Mentorship on his TH-cam it's on you to put in the work and become what you wanna be
I am a trader bro I make money from trading I lost alot of money in my years of learning but it ddnt mean much , 5 years later I make atleast USD5k a week which is very comfortable for me
At the end of the day everyone is selling something. Everything in life is sales. Nothing happens in this world until money exchanges hands. Stay Hard. 💪💪💪
Hi Stef, I have been through this myself, I am being honest with you, yes forex is challenging but is doable, my advice is to go to youtube and get free resources from ICT(the Fair Value Gap concept) practice on demo until profitable, trust me is working. My second piece of advice is after you are profitable on the demo, you will need a minimum of $5000 and only risk 1%, you will see changes, one of the reasons many people fail is under capitalisation, so wait until you have good capital.
I see the rising interest rate as a very big problem, as more investors will definitely pull out more money from the Stock market and forex. This might have worked when I was still invest-ing with a couple thousand dollars, but it is more difficult now to decide whether to pull out more than $365k from my port-folio. I know some inves-tors still make that despite the strong bear market. In wish I could pull that feat
I think the whole thing about holding stocks for long term will always apply. So I think you should get a quality broker who is able to analyze and pick stocks that will do well in the long term, else you will be in a long bear ride.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a broker, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
I just looked up "Jackson sten marsh" by his full name online and researched his accreditation. He seem very proficient, I wrote him detailing my Fin-market goals and scheduled a call.
Thanks for this tip. his web popped up on google immediately I searched him up. I read him resume and it seems pretty. I wrote him and I’m waiting on him reply.
I am not into forex or trading, but this video has outlined so much in terms of these courses that people sell. It is also important to note, in my opinion, that these course-based "scams" do not apply to trading only. For example, most self help books are rubbish books, written by rubbish authors that want to make money. "Rich dad poor dad" is one example. They take advantage of your poverty.
Heh 😂😂 I thought I was the only one thinking that the guy isn't really trying to help ....I feel like most of his books are all about his success and how he can never lose it ...I only read one book from the guy and all I saw was him advertising his other form of financial literacy content whether it be boards or games and all that ...he wasn't really helping he was just flexing his rise and how wise he was and how quickly he did it and how he proved a certain amount of people wrong and how enduring he was in overcoming hate and obstacles ....just crazy....I feel like he git success , cool, but then he wasn't satisfied by that ...be wanted more ...which is recognition and thus he thought writing books would grant him this desire
Well nice vid….I said suspecting South African mentor traders after seeing the amount of lot size and risk they take on each trade just to double the account…it’s crazy.
Agreed.. The risk with those types of trades over the long run do not make sense. Might work once or twice, but the successful traders I've seen are all managing risk extremely carefully.
Thanks for exposing the truth about forex trading. These gurus can cannot make more money from trading but from selling signals to the signals whi don't understand how trading works. I hope people realize the truth that this is not a get rich scheme but scamming schemes.
Yeah I mean why spend 8 hours a day on the charts losing money, if you can make thousands by selling a course. They definitely take advantage of the people trying to "make it" financially.
I almost fell for their shit, till then I came across channels like these, that warn us of fake Gurus. They(fake Gurus) use simple techniques, which are shooting the video in the garage full of cars that bounce or in front of the mansion.
Forex itself is not a scam. The problem is people getting into forex only wanting to know how to make money. "Mentors" make it look too easy. And they don't tell you what you really need to know because that's how they keep you subscribed. My advice is take the time to understand forex properly and how it works. Once you understand it for yourself you'll even know when a signal is wrong and trade the opposite.
Hi, thanks for telling the truth bro, I have just recently decided to stop buying signals coz I didn't see value in them at all and have actually lost my money there instead. I am in the middle of a 12 month course ( its the 2nd one after i paid $99 for another last year) which I took coz of my 9 to 5 job so I don't get pressured, but I've realized that if I want to know this Forex I will have to learn by myself very hard instead of relying on these manner- less guys. And yes... I remember when I realized that argg these courses are the same. Plus they ALL NOW have "The TOP DOWN analysis".
Yup scammers the lot, I was lucky that I don't give out money easily so didn't pay for any courses but you right rather spend your money and time on other things which can provide proper skills and profits
100% I agree only about less than 10% of traders out here make close to what most traders might like us to believe. Thanks for enlightening the masses bro
No substitute for experience.scammers and snake oilmen have been around since the dawn of time.If you build an understanding of trading it takes time ,loss, frustration, anxiety, resilience, disappointment,Pain..!!! Lots of Pain!!!. This is the furnace of experience where you will be purified.if you build it they will come.
Very interesting. We all get what we deserve, the universe does not make mistakes. I am sure some of your mentors was fly by night and some could have made you profitable if you just stuck with there trade setups. Choose one strategy + few selected markets which you trade at the same time ( London open/New York open ) daily. General knowledge of several different strategy on a lot of pears at random times is a guaranty for failure. You need to become an expert on ONE strategy, and the only way that can be archived is through time spent on the charts applying ONE strategy. ( 4 to 12 month ) The problem is always the trader. His subcontious mind and conscious mind is not in alignment. Thats deep I know. Trading is 90% Pcholigy, 8% Money management and only 2% strategy. You got scammed focusing on the 2% on becoming a successful trader.
My guy is unfortunately used to be spoon feed and full of expectations from my point of view coz FX needs you to be innovative when it comes to learning strategies. So that's why FX is not for everyone you have to be a person of great mind competency in order to make it or you become part of the statistics period😕
During a bear market, the headlines will focus on negative news, whether it's declining economic growth, geopolitical upheaval, cultural and legal turmoil, or some combination of all three. I listened to a podcast of someone that grew his reserve from $120k to almost $460k during this Red season, can you share tips on how to make such aggressive proceeds in short periods?
@Steve Sorensen I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
These past few months watching my crypto portfolio decline is very disheartening. Holding doesn't really profit much. Any ideas on how to earn better on the short run? Please recommend to me your Fin Advisor..
Thank you for sharing. I just Googled his name and his website came up right away. It looks interesting so far. I'm going to book a call with him and let you know how it goes Thanks
As someone who trades and invests for a living now, I've often thought about making a course, I'm sure it'll get lost in the scams though. This whole idea that you should flip an account from $50 to $1000 is so targeted to people with nothing. People don't realise that this game is a slow consistent grind, anyone who tells you they make +6% a month consistently is trading incorrectly. Peace and love
I have just subscribed. I have always asked myself a question, if I can make that much money, why can't they just make money themselves, instead of phoning me to recruit for commission. Thank you for confirming my suspicions. Well done my man. 👍
It's kinda funny and fitting how this is a video about Forex scams....and there's scammers in the comments. But I'm happy I found this video. Gotta watch out for these people
Agreed.. It's sad to see that there are people taking advantage of the situation in Africa to make themselves rich. That's why I believe it's so important to get this message out there, so that these "gurus" can be stopped.
Can't believe I wasted 3 hours in one of his "live" seminars (whole seminar was a marketing scheme for some software that will predict the market on your behalf, for a discounted price of 15k). Personally I'm losing losing hope with trading and I'd rather invest my time in a skill that will allow me to run my own business or to be employed by.
Thank you for this wonderful video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong?
I strongly advise you against self trading, it's really dangerous and had brought so many investors down, you need someone with the knowledge and strategies, someone dedicated to the crypto currency market business, and I will strongly recommend expert, Mrs chloe
I've realised that most (almost all) of these online gurus are not making money by doing the thing they are selling you. They are making money by selling you the course (or mentorship or download), usually with a promise that THIS is the thing that will make you rich.
I saw one south African TH-camr claiming to be a prolific trader, showing his phone onscreen where he had a balance of $8 but the equity had grown to $240, which is unrealistic given the small lot size (0.01) he had in place. Later he spent almost 3/4s of the entire video promoting a broker. I was told they collaborate with brokers to edit the phone's staged profitable trades to unsuspecting newbies to sign up for some commissions, but its a game of scamming and deception
Agreed.. I was personally also scammed by a few brokers in 2020. They all made the news for their scams. About 6 months later those same guys started another broker. Surprise surprise all the FX Gurus promoted the new broker. These scams go deeper than we realize.
great job brother you learned from mistake and took responsibility for your money and now helping other to see the light. it takes courage to say everything and be this honest keep on going and learning and hope you will be successful one day love from INDIA
I have now subscribed to your channel, what is your Instagram handle I would like to send you a direct message regarding a concept that I think you can appreciate
Hi Stef i live in the UK and devoted a lot of time/years to trading, a must is do alot of research on a mentor with live trading accounts which they have no problem showing you , but the worse crime i found out even regulated brokers can play with the charts and stop you out unless you have a £50000 and direct access to the market stay away people
Hi Mario, thanks for your comment. I believe there is merit to trading and have come across a few people who have been successful. Out of the probably +/- 50 I've been in contact with, there were 3 of them that made consistent money over the last 2+ years. My experience so far has just been that when it's not the gurus scamming you, it's the brokers. Which leads to the industry having a really bad reputation. But agreed, with years of training in front of the charts, a big account where you risk max 0.25% (maybe) per trade, and a long term focus on your trades, there is a chance at profitability. I just think there might be "easier" and better ways to make money outside of the 9 to 5.
@@StefDev Check out a gentleman called Scott Barkley _Pro Act Traders in the states i wish id meet this guy when i was younger you want to learn to trade have a look good luck
You were paying school fees; how did you think trading will come to you? Will it just fall from the sky into your head? If you had just put in the work and committed the hours, you would not feel aggrieved. Mentors are necessary, whatever is your experience with them, you will always learn, good or bad, just like you did. This video is exactly that, the result of your learning, and whatever you now know of Forex, mostly came from those and mentors. The truth is, TH-cam
I said to the one lady selling a robot making 80% per month, "if you are making 80% per month with trading why would you share it with anyone else or still be living in a small house in Boksburg, when R10,000 growing at 80% per month becomes R11,568,313.81 (11.5 million) in twelve months, or R 13,382,588,450.52 (13.3 billion) after 24 months. That's enough to buy Phala Phala Game Lodge fully furnished with the couches stuffed with dollars.
I was sure I encountered a scam like that in the past but was still not sure. Good thing I didn’t go through with it tho. Dude was charging 2k for his mentorship. He claimed he started trading in 2009, asked for his track record and when I got it, it showed that he was profitable from day one. He didn’t even have a losing trade recorded. That the red flag that I needed.
The best way to trade is to stay away from trading every day and always look for high probability setups and focus on one trading strategy and follow your trading plan
Many people have become millionaires trading because with the leverage involved in trading, people can make a fortune or lose it all very quickly so you need care.
Hi Stef, what a sad story man....why don't you try crypto? or the Nasdaq or SP500? I've also tried forex but got burned badly. With stocks you can open a real account with USA cents and do not have to trade demo. One $ = 100Cent, so R1000 will give you roughly 6500 US Cent to trade with. Much better that a demo, and also better to manage risk to reward ratio before you go bigger. Just my thought.
Hi Hennie, thanks for your comment and thanks for watching. I stopped short term trading at the start of 2022. My focus turned to long term investing, getting better at my software development craft. I also started focusing on content creation. Since I've stopped trying to "Get Rich Quick", ironically enough, my salary sky rocketed, my investments grew and I'm starting to see financial success. I do appreciate the advice, but I think where I currently am in life, the only stock investing I'd probably still do in the long run is a monthly contribution in a Unit Trust to get that slower but steady growth. That 10-15% per year adds up and has a bigger statistical chance of doubling or tripling over a long period than I believe day trading has.
so you are telling me that, when i was 16, i could have made money and have luxury cars just by forex scamming and selling fake courses. I officially regret my life now. thanks for this interesting strategy
Investing is considered a bedrock in making generational wealth. Most people don't know when, where or what to invest in. Fortunately. Great investor if the past and present can provide us with guidance and ideas. Meaningful contribution are always welcome
She had some interesting things to say about the state of algorithmic trading today. Obviously I'm seeing result, and my trading is going smoothly. Trading is like a real time business if you want to win it, you need to prepared for it. Markets are unpredictable, and you can't predict every.
Nice content. To me trading the forex and crypto market is way better then any online investment. I agree with your sentiment 👍 I'm yet to see the backtested results in my trading account, so I'm working on being more aggressive in adding to winners. An expert who can provide through of investing in Bitcoin around 2015 but I was discouraged by the raise and failed, don't know but feel like giving it a try proper guidance, and trade with the right strategy.
Sounds interesting. Been trying to learn this game 🤷♀️Cryptocurrency has become a lucrative way of earning nowadays if traded well, My spouse invested heavily in it. And he weekly returns are guaranteed. Would advise you try EOS price prediction because it will rise again.
I’ve been preaching this to my friends for many years ago that no one can just choose to waste their time in teaching people how to trade forex instead of just making money alone in peace 😂
Teach me how to make money alone in peace 🙏🏿🙏🏿🙏🏿
True the burden of people pressuring you for signals and asking silly questions. Why would I want that if I make millions? But the other side of it if you have read the book the disciplines trader is that you can be a good trader but not have discipline, so you can spot the trades but you better at giving the signals than following it through on your own. Pschologically its less of a burden to trade with money that is not yours.
I also say the same thing
The flaw with you statement, is you’re not realising that making a percentage of your total investment on stocks will never add up to 10 000 people buying your 2000$ course. It’s like a professor of business, or a sound engineer, they’ll make hourly pay, or get freelance work but that’s capped to the amount of hours in a day. Selling a course will always be more lucrative than shorting for 1% profit daily of your total stock investment
What about those that would like to empower others as well. It’s the lack of wanting to help others that the mindset is broken. Let’s take this TH-cam video as an example, why would you want people to watch this video? To like, comment and subscribe, not Are you alone making money off from the views but through the likes and subscription as well right? Same with Forex (Multiple streams of income). There’s no doubt there’s scammers in the Forex industry, but because you’re failure in being disciplined, consistent and the WILL to want to make it work, now every Forex mentor or trader gets put under the umbrella. It takes many professions 5yrs or more to obtain a degree but yet we want a course and time on the charts to take us less than 3yrs to make the BIG DOLLAR. DO MORE RESEARCH, many pro traders took more than 3yrs to become profitable and now successful.
That's why I chose a long, slow and painful way of learning forex on my own.
💯💯💯
Dude, same here. I paid for my own "course" by losing a lot of money in the beginning, six years later I can live off it. I did not buy any courses from gurus. I do follow two people on TH-cam weekly for tips, I must admit. But even without watching these guys I can asses charts and get into trades on my own.
Please share who you are following on TH-cam
@@rethalee845 Justin Bennett and John Fortune. Both do their technical analysis on the higher time frames, especially Justin, which suits my trading style where I can have orders running for weeks to months. John also explains the fundermentals really well
Inst Forex Get rich slow doh?
Very good to know. I guess this is one instance where being older and understanding nothing happens over the night has saved me quite a bit of time chasing phantom wealth. Thanks for sharing
My dad always says anybody who wants to teach you how to make money wants to make money with yours
Correct.
so what exactly are universities and ieb in sa ???... this statement makes little to no sense
@@YG-nq9yc it makes more sense as you called in institutes that ask you to pay tremendous amount of fees to get a piece of paper that says “you are good enough to work for someone else when you can literally get all those knowledge for free on the internet all you need is a subscription plan and some motivation
@@YG-nq9yc it makes more sense as you called in institutes that ask you to pay tremendous amount of fees to get a piece of paper that says “you are good enough to work for someone else when you can literally get all those knowledge for free on the internet all you need is a subscription plan and some motivation
Ohh this a good one🤣🤣🤣
Lol I was waiting for this! We even have a luno building in Cape Town and UCT is apparently offering courses for trading.
The accuracy 🙆🏽🙆🏽🙆🏽😂 you did not lie. Everything you said is 1000% true.
Ricardo Sunnos sells a course for $3000 straight up😂🤣🤣 for a 6 page book
Haha thanks for the comment. Crazy what these gurus are charging for information that's freely available on BabyPips
@@StefDev exactly, I don't know why they are so driven by a lifestyle that might not be real. And babypips breaks it down so nicely, its like school you start at creche level and keep going through the courses like a school system.
Whenever someone wants you to pay to teach you how to trade, that means they aren't making money trading themselves. That should raise red flags.
In 2018 I also subscribed for one course which the guy just disappeared after 6 months when we were about to start the advance training. I got demoted and in 2020 I started learning from TH-cam and only late last year I started to be profitable. I have nothing against these courses they sell, I have grown to understand that these courses are the same as university courses, some will make it and some won't it all depends on a person and how bad you want it
Glad to hear you've become profitable, well done and keep killing it.
I would however push back on the comment regarding University courses, depending of course on what you study.
I for example studied Computer Sciences and the ROI on that has been massive and I'm only 4 years in. Usually Uni courses have a governing body behind them approving the content and if you apply for enough jobs with a degree behind your name, you'll get it.
A degree can still get you a really high paying job if you study in the right field.
Whereas these Fx courses have no success statistics, no governing body and the chances are not nearly as high for success as it would be with a good degree behind your name.
The gurus like the talk smack on a 9 to 5. But the 9 to 5ers can feed their families, Where that's very rarely the case with their course reviews. These courses unfortunately do not lead to success in most cases.
@@StefDev Not everyone has the skills to trade. You generally have to put in 10,000 hours in trading (as in everything) to have a chance to become a pro. Even if you put in the 10,000 hours, you may not have the personality and temperance to make it.
There are people that does $20k from $1k in a weeks trading, but they don't have no interest in advertising it or bragging about it on a TH-cam video.
But yes, if you think an internet course or signals will give you the skills and money, you are a moron.
They called fake Gurus
😂😂😂😂😂 Seriously
I don't see myself paying someone else to teach me fx, I taught myself almost everything through TH-cam videos.
Make research about Smith Trust Bk once you find the page you will definitely find their support e-mail address on top of the page. Reach out to them and tell them you want to copy trading signals to make six figures.
And, are you actually trading profitably consistently ?
I also learned fx on TH-cam and the internet myself...
you can never learn forex on youtube..thats lies... i know you dnt make money then
I did
Very well said. I wish more beginners in SA can see this video👌
Thank you for the kind comment Thulani, glad you enjoyed the video.
I do not sell courses or teach 1 on 1 and I'm successful at trading. The problem with this guy in the video was he went from strategy to strategy mentor to mentor. I basically stopped watching the video once he mentioned that because that was his downfall. One will never become a profitable or successful trader if you hop from strategy to strategy mentor to mentor. I'm a funded trader and I currently Trade a $200K account with a prop firm. Oh I live in South Africa and since day 1 I had one mentor and I started trading just over 2 years ago. I didnt change my mentors or strategy like I change my underwear.
Stef- I've been a career trader for well over 20+ years... and most guys on the internet cannot nor do they trade for a living. Also I would have no problem naming names man. It might just save the next guy. And if these "marketeers" want to take up the challenge for calling them out, tell them to present a live account statement for 1 week and you'll shut up. They can't do it. ;)
Please teach us Mr. Thompson, some of us can't learn on our own. I started trading over a year ago and my understanding of the market hasn't improved nor can I make any profit
Are doing forex for a living?
@@speakfrombeatz - No... Indices futures only.
Thanks for spitting the facts. The dead give away is that they flex way too hard and basically beg you to take their course. That's how they make their money.
Trading is based on probability precisely risk to reward. It's not some get rich quick scheme or lottery. It's calculated risk and not everyone will understand it. If you think trading is gambling or some kind of lottery, withdraw all your money from banks because they trade your money on a larger scale on derivatives. It's a high income skill therefore not everyone is supposed to make money.
Well said, no get rich quick. Extra income at best. Limit your spending, save, reinvest, and buy assets that will bring in more income. After time you wont only be rich, but wealthy. Slow steady natural rise to wealth. Most everyone has has become wealthy, did it like this.
yes and if you work your ass off you definitely can change your life for the better🙏🏻
Bullsh#t the only reason you make money in trading is because someone else lost money. It’s basically gambling
@@readyplayerone1110 Think better and bigger than that. Study more about forex.
1% make it. So whether you thinking you're taking calculated risks or not, you probably won't make it. Those who sell courses, are scammers.
What i realised is that trading is mostly a psychology game. Its not really about the ultimate strategy , becuase the odds remain the same. A strategy just give you a bias , but with that bias people still set a unrealistic tp levels and a super tight stop loss. If you want to get R4k of a trade then just increase the lot size instead of expecting the market to move 500 pips with your micro accout. The market is always changing from buys to sells so find a strategy that gives you a 50 or 100 pip bias then set your tp there with a confortable lot size 🤷🏽♂️
Trading definitely is very psychological. I just don't know if it's worth the effort to be completely honest. From what I've seen and heard, the 1% of people that actually become profitable in trading take around 5-10 years before they become consistently profitable. It's a very hard skill to learn.
The reason I say it's not worth it, is because even at those amount of years, some people still fail. Your chances at succeeding at something like Ecommerce, TH-cam, FreeLancing, Starting your own business, has a much higher chance of becoming successful than trading. But that's just my personal opinion I've formed based on my own research.
Everyone should definitely evaluate each avenue and decide for themselves what looks like the best possible route to follow.
@@StefDev just choose your hard I guess. coding is extremely hard for me but I have found stability in forex.
@@StefDev so basically you are just looking for the easy way out in life🤷🏽♂️... That's the problem with most South Africans, it's no wonder our economy is weak... You talk about Studying ecomerc, if education was the way don't you think we would have alot of people driving around in Bugattis🤷🏽♂️
@@StefDev well its like any business, you need to be dedicated and learn from your mistakes. The stats of people starting a business and failing are pretty crazy as well. To succeed in any of these sort of these things requires a huge amount of dedication and determination.
Those who say forex is a scam normally have the mindset of "If I can't do it then it must be a scam". No doubt its very hard and you have to go through a lot of hard times. I myself am not consistent enough yet, but that's more because of mentality rather than my strategy.
ICT is a legit mentor, he's waaay different than these mentors... he had a paid mentorship, but he's putting all his content for free on TH-cam.
Do your research better, you’ll be surprised to find out another side of him..
ICT changed my life bro!!!
@@psychonautica6081 whatever his side is it doesn't matter cause his concepts work like a charm, I've been hella profitable since I used his teachings.
@@karabotsotetsi8471 which courses did you watch first i have been trying to watch his videos I'm clueless of what's happening💔
@@senkuishigami2291 I watched the 2022 mentorship only. Though I understand everything. However there is a way to understand everything first before attending his mentorships cause rn since you know nothing. His teachings are going to confuse you. If you don't mind, you can share your app 10s and forward to you you how i made it easy for myself.
To achieve greatness, you need to start working towards it. Investing remains the smartest way to prepare for the future. Been into this for 8years and I'm extremely pleased with the good returns. The good news is, it's never too late to start investing.
The first step to success is figuring out your goals and risk tolerance - either on your own or with the help of a financial advisor. If you can get the facts about savings and investing with a well detailed plan, you should be able to gain financial security over the years and enjoy the benefits of managing your income.
Personally i ventured into the stock market so i won't be stranded with the help of an Investment advisor. A colleague of mine introduced me to "expert Mrs Kathy L Warley a regulated broker in the US", who drew out investments plans and they all aligned with what i wanted and had to pick one plan and with his exit and entry strategies on commodities, securities and digital assets, my portfolio has really been diversified with good ROI. I am really impressed by how much i have achieved so far with my investment...
@@kennycook3367 she's good, Keep it up investment is a stepping stone to financial freedom.
@@kennycook3367 that's great, your investment advisor must be really good, I have seen testimonies of people using the help of investment advisors in making them more financially stable. Do you mind sharing more info on how to reach your advisor?
+1
Keep doing what you are doing Stef.
As a fellow South African, it makes me happy that there are individuals like yourself bringing awareness to such scams here in SA.
Thanks for the support 🙏🙏🙏
I agree👍
Copy signals from smith trust bk
I am trading 7months, and I've experienced on numerous occasions flipping R1k to R8k, 10k, 12k. Making those big gains, and reaching similar heights is defnitley possible.
What is your risk exposure 🤔?
Can you perhaps share ,which trading app do you use?
With big risk though. You'll have to risk 100% of your capital to get there, whereas the ROT is to risk no more than 2%.
Utter nonsense.
@@silindelosikhosana7064 Bro he's not lying, I've flipped R3k to R40k in a space of 5 days, its very doable but risky
I have been a victim of these scammers too, and after realizing how foolish I was for believing in them, I felt so stupid. I understand the magnitude of this problem overseas as well. However, South African traders are particularly bad, claiming to make over 100% return on a single trade consistently. These scammers do not even provide proper risk management lessons and trading psychology in their courses, whereas studies have found that trading is more psychological than technical. I hope that as people become more informed of the truth about the markets, they will make wiser decisions and seek advice from traders who are actually making money from the financial markets.
Sorry to hear you were also scammed.
All we can hope for is that more people become aware of this issue in SA and that over time fewer people will support these scammers and find real skills to generate the wealth levels they are trying to achieve.
I wonder how many trader's actually got wealthy from trading without selling courses or anything.
@@TraderRY so, will forex be closed?
@@susankariuki449 What??If your trying to say what i think then that don't make sense,new trader's come daily,many loose and keep loosing with the hopes, every mentor say's it takes time,plenty of money even though 90 percent loose.I think it's possible,i make money and think i will make it,just how much? how long?All these mentors with big money most sell courses,teach,signals,so it makes smart trader's start to think how many actually make it wealthy off trading alone?I know some make money just most are lying or getting it other way's.
I can teach you how to be profitable in a single week, or pass a funding evaluation etc. I will do it for free, if you purchase baby formula weekly for the hungry children where I live in the Philippines. That's my offer to you. steven PS. that's purchase the formula AFTER I have given you the knowledge for free.
You and 'Rydall Flicks' ..Should link up for a chat..
about these Forex scammers. He's also on TH-cam.
It would help the public to be informed about them.
This is a well researched video giving people the actual information that they need. Someone considering getting into this kind of business in SA would never find a video like this online when they actually want one.
LMAO!! I just remembered that my very own aunt tried pulling that crap with me. She told my mom how her son is trading forex and is making quite a lot of money for himself. Then she said, "if you want, I can get my son to teach your daughter but it will cost you R15 000"
I was actually shocked to find out that it be your own family 😩
😅😅😅😅😅😅
Wild!!
Yoh
No fr getting into forex is completely free. I am a self taught trader and learned from trial and error. Everything you need to learn forex is on TH-cam completely for free!
I traded well on my Demo account but when I invested in to my main account i lost all my funds. Please i need an expert to assist me with my trading. It's frustrating how people loss funds in this trading, I really feel so bad.
It's very obvious that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.
It's a great idea to have a conversation with
financial advisors like Emily Jason to reshape you
portfolio.
That's true,. Its really needful for beginners not to settle for videos alone or they will see themselves losing all their money just like me when I newly started trading with this videos here on TH-cam.
I agree with you, I'm not here to converse for her but to testify just for what I'm sure of, she's trust worthy and best option ever seen..
She's really a good investment advisor. I was privileged to attend some of her seminars. That is how I started my crypto investment 👏
The only real traders know the struggle and dont sell their courses
Not really. Just like in every industry… once you’ve become and expert you share your knowledge and reap the rewards for the course. Why wouldn’t you when teaching is one of the highest income opportunities.
@@craigm0tiv49 No. more like don’t sell the strategy because if it floods the market it becomes useless… that’s why we don’t share shit. It’s not the same as the comparison you made where you can easily share info coz it doesn’t affect you much if you do share it
@@craigm0tiv49 you must be a scammer that has been exposed or an 1diot that still wants to believe in "tooth fairy"
@@snikeziwevendle1468 u can flood the forex market. not even your national bank can influence the market
ICT way way
Great video!
It’s great that you share your knowledge & experience to help others….
Keep up the good work….
Thank you! 🙏
Fantastic video!!!
I tried for a very long time to trade forex...and while making some money, it seems that you always seem to lose more than you make. It's a waste of money. Thank you for shedding light on this matter.
I don't do mentors I've been learning by myself it will take me time but it's worth it
Glad to hear that. I also believe the best way to achieve success in the markets would be to spend a bulk load of time in front of the charts and master it by yourself. There is nothing like a "strategy" that works all the time.
I promise you it is👍🏽
Trading can be stressful if you are not a consistent trader a lot of people go into trading thinking they are about to get rich and little do they know that this is a business you are the business and most businesses take years to just breakeven.... I learn from ICT he provides free Mentorship on his TH-cam it's on you to put in the work and become what you wanna be
Same, these people are trying to fund their own accounts using the signals and metlntorship programs
It took me long to see I need no one ..hope everyone can see it to
I am a trader bro I make money from trading I lost alot of money in my years of learning but it ddnt mean much , 5 years later I make atleast USD5k a week which is very comfortable for me
These people give forex a bad name smh...forex is one of the best side hustle which could be learned for FREE
At the end of the day everyone is selling something. Everything in life is sales. Nothing happens in this world until money exchanges hands.
Stay Hard. 💪💪💪
Hi Stef, I have been through this myself, I am being honest with you, yes forex is challenging but is doable, my advice is to go to youtube and get free resources from ICT(the Fair Value Gap concept) practice on demo until profitable, trust me is working. My second piece of advice is after you are profitable on the demo, you will need a minimum of $5000 and only risk 1%, you will see changes, one of the reasons many people fail is under capitalisation, so wait until you have good capital.
I see the rising interest rate as a very big problem, as more investors will definitely pull out more money from the Stock market and forex. This might have worked when I was still invest-ing with a couple thousand dollars, but it is more difficult now to decide whether to pull out more than $365k from my port-folio. I know some inves-tors still make that despite the strong bear market. In wish I could pull that feat
I think the whole thing about holding stocks for long term will always apply. So I think you should get a quality broker who is able to analyze and pick stocks that will do well in the long term, else you will be in a long bear ride.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a broker, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
This sound interesting. I’m not really one to use pro analysts, but I guess it would not hurt to try one. My portfolio is in the red waters right now
I just looked up "Jackson sten marsh"
by his full name online and researched his accreditation. He seem
very proficient, I wrote him detailing my Fin-market goals and scheduled a call.
Thanks for this tip. his web popped up on google immediately I searched him up. I read him resume and it seems pretty. I wrote him and I’m waiting on him reply.
I am not into forex or trading, but this video has outlined so much in terms of these courses that people sell. It is also important to note, in my opinion, that these course-based "scams" do not apply to trading only. For example, most self help books are rubbish books, written by rubbish authors that want to make money. "Rich dad poor dad" is one example. They take advantage of your poverty.
Heh 😂😂 I thought I was the only one thinking that the guy isn't really trying to help ....I feel like most of his books are all about his success and how he can never lose it ...I only read one book from the guy and all I saw was him advertising his other form of financial literacy content whether it be boards or games and all that ...he wasn't really helping he was just flexing his rise and how wise he was and how quickly he did it and how he proved a certain amount of people wrong and how enduring he was in overcoming hate and obstacles ....just crazy....I feel like he git success , cool, but then he wasn't satisfied by that ...be wanted more ...which is recognition and thus he thought writing books would grant him this desire
It is amazing to found someone who has the Same perspective as mine…do it in a hard way master the skill, just that people want short cut,
Agreed, thanks for watching 🙏
Thanks for keeping it real bro - the forex industry is a slaughter house for low income South Africans
Ama 2000s need to hear this. we need to save them from these stupid financial decisions we fell for.
Agreed, the more people we can help see the truth, the better👍
we are still staying in the markets🙏do your research before jumping in the markets
No no no, actually the 2000s are the ones scamming y’all 🤣🤣🤣we know these things, so plz don’t say 2000s, say people who don’t know about forex.
@@mukeloncube410 blv what you want to blv MN :)
@@theinsidertraderfx_ people are lazy bro and jump a gun to blame the mentors lol
I love the "Warren Buffet needs to watch out..." 😂😂😂 killed it🙌... Love the content, great work.
Well nice vid….I said suspecting South African mentor traders after seeing the amount of lot size and risk they take on each trade just to double the account…it’s crazy.
Agreed.. The risk with those types of trades over the long run do not make sense. Might work once or twice, but the successful traders I've seen are all managing risk extremely carefully.
Thanks for speaking out. You've saved me money I was about to loss.
This video is so well done. Thank you man.
Thanks for exposing the truth about forex trading. These gurus can cannot make more money from trading but from selling signals to the signals whi don't understand how trading works. I hope people realize the truth that this is not a get rich scheme but scamming schemes.
Rule number 1 just don't believe or trust everything in south Africa homeboy, the lifestyle here it's a hustle you snooze you lose....
I realized that too that many of the gurus they make money out of courses not on trading
Yeah I mean why spend 8 hours a day on the charts losing money, if you can make thousands by selling a course.
They definitely take advantage of the people trying to "make it" financially.
I almost fell for their shit, till then I came across channels like these, that warn us of fake Gurus. They(fake Gurus) use simple techniques, which are shooting the video in the garage full of cars that bounce or in front of the mansion.
Forex itself is not a scam. The problem is people getting into forex only wanting to know how to make money. "Mentors" make it look too easy. And they don't tell you what you really need to know because that's how they keep you subscribed. My advice is take the time to understand forex properly and how it works. Once you understand it for yourself you'll even know when a signal is wrong and trade the opposite.
And the sad thing is they create forex robots and sell them in which people think it would do all the trades for them…
Hi, thanks for telling the truth bro, I have just recently decided to stop buying signals coz I didn't see value in them at all and have actually lost my money there instead.
I am in the middle of a 12 month course ( its the 2nd one after i paid $99 for another last year) which I took coz of my 9 to 5 job so I don't get pressured, but I've realized that if I want to know this Forex I will have to learn by myself very hard instead of relying on these manner- less guys.
And yes... I remember when I realized that argg these courses are the same. Plus they ALL NOW have "The TOP DOWN analysis".
Those that actually know the trick of the trade in regards to forex definitely wouldn’t be ‘selling’ or ‘teaching’ others how to do it.
Tru
They don't even have energy to go around and tell the world how to get rich
I disagree, trading is boring by yourself so they want to help others
@@Rampage1Rules😂😂😂😂😂👏😂😂👏😂👏😂😂👏😂😂❤️😂😂👏😂😂😂👏
the first honest video about forex in SA
Well researched…spot on. Good job man
African traders!!! We need to grow up. This laziness mentality is killing us.
Yup scammers the lot, I was lucky that I don't give out money easily so didn't pay for any courses but you right rather spend your money and time on other things which can provide proper skills and profits
I am glad we are all questioning the all this Gurus,
this is v good information, people need to wake up...these guys are really tainting what forex is
Agreed
100% I agree only about less than 10% of traders out here make close to what most traders might like us to believe. Thanks for enlightening the masses bro
And sadly that 10% is Financial Institutions.
it's actually only 2%
Baie Dankie Bru.
I appreciate the truthful information
No substitute for experience.scammers and snake oilmen have been around since the dawn of time.If you build an understanding of trading it takes time ,loss, frustration, anxiety, resilience, disappointment,Pain..!!! Lots of Pain!!!. This is the furnace of experience where you will be purified.if you build it they will come.
Very interesting. We all get what we deserve, the universe does not make mistakes. I am sure some of your mentors was fly by night and some could have made you profitable if you just stuck with there trade setups. Choose one strategy + few selected markets which you trade at the same time ( London open/New York open ) daily. General knowledge of several different strategy on a lot of pears at random times is a guaranty for failure.
You need to become an expert on ONE strategy, and the only way that can be archived is through time spent on the charts applying ONE strategy. ( 4 to 12 month ) The problem is always the trader. His subcontious mind and conscious mind is not in alignment. Thats deep I know. Trading is 90% Pcholigy, 8% Money management and only 2% strategy. You got scammed focusing on the 2% on becoming a successful trader.
Thanks for sharing awareness on this subject,I was also a victim once,Thankfully woke up from that nightmare much Wiser, Good Video 👏
This is so true. Guys be careful out there
My guy is unfortunately used to be spoon feed and full of expectations from my point of view coz FX needs you to be innovative when it comes to learning strategies. So that's why FX is not for everyone you have to be a person of great mind competency in order to make it or you become part of the statistics period😕
During a bear market, the headlines will focus on negative news, whether it's declining economic growth, geopolitical upheaval, cultural and legal turmoil, or some combination of all three. I listened to a podcast of someone that grew his reserve from $120k to almost $460k during this Red season, can you share tips on how to make such aggressive proceeds in short periods?
@Steve Sorensen I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
These past few months watching my crypto portfolio decline is very disheartening.
Holding doesn't really profit much.
Any ideas on how to earn better on the short run?
Please recommend to me your Fin Advisor..
Thank you for sharing. I just Googled his name and his website came up right away. It looks interesting so far. I'm going to book a call with him and let you know how it goes Thanks
If you begin your forex journey by looking at someone else's course... You are destined to fail
As someone who trades and invests for a living now, I've often thought about making a course, I'm sure it'll get lost in the scams though. This whole idea that you should flip an account from $50 to $1000 is so targeted to people with nothing. People don't realise that this game is a slow consistent grind, anyone who tells you they make +6% a month consistently is trading incorrectly. Peace and love
I have just subscribed. I have always asked myself a question, if I can make that much money, why can't they just make money themselves, instead of phoning me to recruit for commission. Thank you for confirming my suspicions. Well done my man. 👍
It's kinda funny and fitting how this is a video about Forex scams....and there's scammers in the comments. But I'm happy I found this video. Gotta watch out for these people
Very informative. Where you study Foreign Exchange is crucial.
Thanks for this video. Africa is being targeted seriously due to lack of knowledge and economic hardship.
Save us from "Greg Secker"
Agreed.. It's sad to see that there are people taking advantage of the situation in Africa to make themselves rich. That's why I believe it's so important to get this message out there, so that these "gurus" can be stopped.
Can't believe I wasted 3 hours in one of his "live" seminars (whole seminar was a marketing scheme for some software that will predict the market on your behalf, for a discounted price of 15k).
Personally I'm losing losing hope with trading and I'd rather invest my time in a skill that will allow me to run my own business or to be employed by.
the trend is your friend my friend, and most importantly *risk management*
Thank you for this wonderful video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong?
I strongly advise you against self trading, it's really dangerous and had brought so many investors down, you need someone with the knowledge and strategies, someone dedicated to the crypto currency market business, and I will strongly recommend expert, Mrs chloe
Wow I'm just shock you mentioned and recommended Expert Mrs Chloe,I thought I'm the only trading with her
I stumbled upon one of her clients testimonies and decided to try her out...I'm Expecting my third cashout in 2days
I'm a huge fan of crypto, I hold few coins in my wallet, while I trade the rest with my Expert, Mrs Chloe She's really Good
I remember friends calling me crazy when I started but i now shut up them with my four
Figure weekly returned
I've realised that most (almost all) of these online gurus are not making money by doing the thing they are selling you. They are making money by selling you the course (or mentorship or download), usually with a promise that THIS is the thing that will make you rich.
Thank you man for this dark truth no wonder people are saying forex is a scam .
s/o Stef dropping gems, not a lot people talk about this man and you spilled the tea broer🤘🏾
I saw one south African TH-camr claiming to be a prolific trader, showing his phone onscreen where he had a balance of $8 but the equity had grown to $240, which is unrealistic given the small lot size (0.01) he had in place. Later he spent almost 3/4s of the entire video promoting a broker. I was told they collaborate with brokers to edit the phone's staged profitable trades to unsuspecting newbies to sign up for some commissions, but its a game of scamming and deception
Agreed.. I was personally also scammed by a few brokers in 2020. They all made the news for their scams. About 6 months later those same guys started another broker. Surprise surprise all the FX Gurus promoted the new broker.
These scams go deeper than we realize.
Red flag. U must learn on ur own
Thank you for your honesty. I have no doubt that you will find success.
Been through hell with these SA mentors myself. There’s much better info available for free. Just takes time and patience to learn how to do it right.
great job brother
you learned from mistake and took responsibility for your money and now helping other to see the light.
it takes courage to say everything and be this honest
keep on going and learning and hope you will be successful one day
love from INDIA
If you and a guy named rydall can get on television and make people aware will help thousands of people
they would rather call out Reff Wayne to the studio to mislead the nation instead of awarness to such scams
It's on you for giving them your money, i learnt trading forex without paying a single coin
You had to sell you course at the end bro 😂
That would've been the perfect ending😂
Great video! People should just focus on getting REAL skills and participate in the REAL economy
Agreed, thanks for the comment Bathi🙏
I have now subscribed to your channel, what is your Instagram handle I would like to send you a direct message regarding a concept that I think you can appreciate
@@bathibacela9182 Thanks Bathi. My IG is @StefDev97
Forex is basically a gamble with no assured profit.
Hi Stef i live in the UK and devoted a lot of time/years to trading, a must is do alot of research on a mentor with live trading accounts which they have no problem showing you , but the worse crime i found out even regulated brokers can play with the charts and stop you out unless you have a £50000 and direct access to the market stay away people
Hi Mario, thanks for your comment. I believe there is merit to trading and have come across a few people who have been successful. Out of the probably +/- 50 I've been in contact with, there were 3 of them that made consistent money over the last 2+ years. My experience so far has just been that when it's not the gurus scamming you, it's the brokers. Which leads to the industry having a really bad reputation.
But agreed, with years of training in front of the charts, a big account where you risk max 0.25% (maybe) per trade, and a long term focus on your trades, there is a chance at profitability. I just think there might be "easier" and better ways to make money outside of the 9 to 5.
@@StefDev Check out a gentleman called Scott Barkley _Pro Act Traders in the states i wish id meet this guy when i was younger you want to learn to trade have a look good luck
Guys, i was scammed very badly and not once. These guys are ruthless. Please do more videos to expose these guys
You were paying school fees; how did you think trading will come to you? Will it just fall from the sky into your head? If you had just put in the work and committed the hours, you would not feel aggrieved. Mentors are necessary, whatever is your experience with them, you will always learn, good or bad, just like you did. This video is exactly that, the result of your learning, and whatever you now know of Forex, mostly came from those and mentors. The truth is, TH-cam
I said to the one lady selling a robot making 80% per month, "if you are making 80% per month with trading why would you share it with anyone else or still be living in a small house in
Boksburg, when R10,000 growing at 80% per month becomes R11,568,313.81 (11.5 million) in twelve months, or R 13,382,588,450.52 (13.3 billion) after 24 months. That's enough to buy Phala Phala Game Lodge fully furnished with the couches stuffed with dollars.
I was sure I encountered a scam like that in the past but was still not sure. Good thing I didn’t go through with it tho.
Dude was charging 2k for his mentorship. He claimed he started trading in 2009, asked for his track record and when I got it, it showed that he was profitable from day one. He didn’t even have a losing trade recorded. That the red flag that I needed.
That guy is probably Warren Buffet's older & more successful brother
God sent brother. We want more of this kind of content
Much needed video . 👏
The best way to trade is to stay away from trading every day and always look for high probability setups and focus on one trading strategy and follow your trading plan
Many people have become millionaires trading because with the leverage involved in trading, people can make a fortune or lose it all very quickly so you need care.
I have $50k invested that's why i can earn that much
I don't trade myself, i use an expert which is Mrs Jane which is why i earn because of her outstanding strategies
I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Jane,
I think she is the best broker I ever seen.
I knew her, I invested with her and i earned a lot of profit, all thanks to her ❤️
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade
Great video saved alot of people from being scamed
Never buy a course...
XM and FXTM has forex classes, you get lectured by Qualified professionals for free!
The first mistake is changing mentors ..you entered to make money fast ..some scam ..you were also not patient
Hi Stef, what a sad story man....why don't you try crypto? or the Nasdaq or SP500? I've also tried forex but got burned badly. With stocks you can open a real account with USA cents and do not have to trade demo. One $ = 100Cent, so R1000 will give you roughly 6500 US Cent to trade with. Much better that a demo, and also better to manage risk to reward ratio before you go bigger. Just my thought.
Hi Hennie, thanks for your comment and thanks for watching. I stopped short term trading at the start of 2022. My focus turned to long term investing, getting better at my software development craft. I also started focusing on content creation. Since I've stopped trying to "Get Rich Quick", ironically enough, my salary sky rocketed, my investments grew and I'm starting to see financial success.
I do appreciate the advice, but I think where I currently am in life, the only stock investing I'd probably still do in the long run is a monthly contribution in a Unit Trust to get that slower but steady growth. That 10-15% per year adds up and has a bigger statistical chance of doubling or tripling over a long period than I believe day trading has.
Very informative bro. Thanks for opening people's eyes
If you took all the steps and you still loss then it has to do with your pyscology
This what I love about independent journalism
This guy is actually talking about you scammers in the comments
so you are telling me that, when i was 16, i could have made money and have luxury cars just by forex scamming and selling fake courses. I officially regret my life now. thanks for this interesting strategy
Investing is considered a bedrock in making generational wealth. Most people don't know when, where or what to invest in. Fortunately. Great investor if the past and present can provide us with guidance and ideas. Meaningful contribution are always welcome
Trading with an expert has been the best way of making huge returns from cryptocurrency.
The common mistake we newbie make is to investing without help and legit guidance from a professional.
She had some interesting things to say about the state of algorithmic trading today. Obviously I'm seeing result, and my trading is going smoothly.
Trading is like a real time business if you want to win it, you need to prepared for it. Markets are unpredictable, and you can't predict every.
Nice content. To me trading the forex and crypto market is way better then any online investment.
I agree with your sentiment 👍
I'm yet to see the backtested results in my trading account, so I'm working on being more aggressive in adding to winners.
An expert who can provide through of investing in Bitcoin around 2015 but I was discouraged by the raise and failed, don't know but feel like giving it a try proper guidance, and trade with the right strategy.
Sounds interesting. Been trying to learn this game 🤷♀️Cryptocurrency has become a lucrative way of earning nowadays if traded well, My spouse invested heavily in it. And he weekly returns are guaranteed.
Would advise you try EOS price prediction because it will rise again.