Why I don’t trade the forex markets! 🚫

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  • เผยแพร่เมื่อ 30 ต.ค. 2024

ความคิดเห็น • 514

  • @NoName-wl3wv
    @NoName-wl3wv 5 หลายเดือนก่อน +939

    I've been learning for 2 years now and I've absorbed one thing those trading stocks will say forex isn't good, those in forex will say stocks aren't good, swing traders will say day trading and scalping aren't good, scalpers will say swing trading isn't good. Overall, every trading style and market can make money. You need to find what suits you higher timeframe or lower timeframe, stocks or forex.

    • @KingJT80
      @KingJT80 5 หลายเดือนก่อน +19

      pretty much. i like intraday forex. im experimenting with some stuff now so hopefully ill go live again sooner or later

    • @td128
      @td128 4 หลายเดือนก่อน +6

      WORD

    • @Jokoinvestorgendeng
      @Jokoinvestorgendeng 3 หลายเดือนก่อน +4

      True

    • @furanshisuka2087
      @furanshisuka2087 3 หลายเดือนก่อน +3

      Yeahhh same thought 👍

    • @onyibiafra
      @onyibiafra 2 หลายเดือนก่อน +1

      Absolutely 💯

  • @SaadPatel-kd1qo
    @SaadPatel-kd1qo 10 หลายเดือนก่อน +1734

    As long as Money is made, that's what matters

    • @wealthmaster69
      @wealthmaster69 9 หลายเดือนก่อน +13

      Blah blah

    • @JMX1521
      @JMX1521 8 หลายเดือนก่อน +52

      See profit take profit

    • @malusimathaba4040
      @malusimathaba4040 7 หลายเดือนก่อน +14

      ❤❤❤It's all about the BAAAAGGG

    • @SH0RTSNCLIPS
      @SH0RTSNCLIPS 7 หลายเดือนก่อน +51

      You wont make the bag if you dont know what he is saying . Forex trades sell and buy at diffrent prices on diffrent platforms . This really matters because your entering trades at a price you see on the chart your broker will fill it at a diffrent price sometimes you get stopped out because your broker filled orders above or bellow your stop . Its more manipulation basiclly

    • @Sethlow-tx5oh
      @Sethlow-tx5oh 7 หลายเดือนก่อน +1

      Helloooooo👌🏿

  • @traderzoloo
    @traderzoloo 10 หลายเดือนก่อน +826

    Trading is Trading. Does not matter what we trade. It depends on what you are mastered on.

    • @jaycalvin3783
      @jaycalvin3783 9 หลายเดือนก่อน +28

      True, yet there is stocks and futures which is way easier to master compared to Forex.

    • @donb2527
      @donb2527 9 หลายเดือนก่อน

      I dabble in fx but what I like more about stocks/indices is that the fundamental analysis isn’t as hard to get a hold of. You can literally google «*TICKER* analyst rating» or price goal and you have access to professionals price targets and ratings to back up your technical analysis, imo it makes trading a lot more predictive and makes it easier to make good profits with little effort. When it comes to fx you need to analyze macroeconomics of two countries in relation to eachother and make a prediction on both to predict trend over time, and reading COI statement until your eyes bleed to find a legit broker, which is just a headache.

    • @nijario9690
      @nijario9690 9 หลายเดือนก่อน +11

      Stock trading is much easier

    • @stanleyj.a.c4941
      @stanleyj.a.c4941 8 หลายเดือนก่อน +1

      True

    • @Fastlane_Creations
      @Fastlane_Creations 7 หลายเดือนก่อน +3

      Forex is very complex

  • @jjdiaz486
    @jjdiaz486 10 หลายเดือนก่อน +284

    Forex is not for everyone, you already said it, the concept is the same.

    • @wealthmaster69
      @wealthmaster69 9 หลายเดือนก่อน +8

      Its defferent, the guy is right

    • @Hustle-N-Flow
      @Hustle-N-Flow 4 หลายเดือนก่อน +4

      Concept the same but the meat and potatoes isn’t

  • @mr.kurtezfx9932
    @mr.kurtezfx9932 7 หลายเดือนก่อน +156

    Tbh every successful Forex trader doesn’t give a dam about centralized transactions.
    They trade what they see and make profit end of story.

    • @arturoguerra5193
      @arturoguerra5193 2 หลายเดือนก่อน +4

      AMEN 🙏 FX 4 Life

    • @100mlv
      @100mlv 2 หลายเดือนก่อน +1

      🔥🔥💯💪🏻

    • @kio51423
      @kio51423 12 วันที่ผ่านมา

      Nicely said 🎉🎉

  • @silkroad1201
    @silkroad1201 8 หลายเดือนก่อน +259

    Forex is so much easier to predict though. Financial news (which is released all the time) typically has a big impact on certain pairs, and the movement of those pairs has a big impact on other pairs.
    It's a very predictable market when you don't overthink it.
    Some of the richest people in the world have made billions in the forex market.
    It's not just for 23 year old TH-camrs

    • @spiincity
      @spiincity 7 หลายเดือนก่อน

      Hii

    • @RUPESH_GOSAVI_1
      @RUPESH_GOSAVI_1 7 หลายเดือนก่อน +3

      Ig u need to play with rules to make money in forex its all about how much big u are. I know whales make large money in every market but in forex the number is high

    • @ayamurayama3961
      @ayamurayama3961 6 หลายเดือนก่อน +16

      He made millions without it. So neither opinions is better. Both ways can make money.

    • @Astral-Cosmonaut
      @Astral-Cosmonaut 6 หลายเดือนก่อน +4

      Isn’t this the exact same as crypto and stocks?

    • @laughattack1204
      @laughattack1204 6 หลายเดือนก่อน +3

      Everyone is invested in currency, you don't need to see the exact numbers to avoid manipulation. But that does make it harder on unskilled traders or people trying to go quicker than they could go with futures and stocks. The unpredictable manipulation really isn't that bad, and must be prepared for in normal markets as well since it occurs in every market from day 1. For most people, if you just want to make an average trader's salary - it does not matter what market you trade, pull $500 a day out of meme coins if you want. A good trader should always be comparing his/her own predicted numbers to the real numbers that show up, and make decisions from there.

  • @campione8campione818
    @campione8campione818 10 หลายเดือนก่อน +49

    You give us always clear information. Thank you bro ❤

  • @Muller-o4d
    @Muller-o4d 3 หลายเดือนก่อน +950

    I am trying to avoid making any new buys at this point in other not to get sucked into a bear market trap.It's tough making money in stocks when institutional investors are the driving force behind the selling.. although I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?

    • @Aron-r3m
      @Aron-r3m 3 หลายเดือนก่อน

      Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. that's why seeking expert advice is essential.

    • @Garrett-lo6pu
      @Garrett-lo6pu 3 หลายเดือนก่อน +1

      Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.

    • @PMackenzie-vw3wb
      @PMackenzie-vw3wb 3 หลายเดือนก่อน

      Please can you leave the info of your investment advisor here? I’m in dire need for one.

    • @Garrett-lo6pu
      @Garrett-lo6pu 3 หลายเดือนก่อน

      ‘’Jenienne Miniter Fagan’’ is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment

    • @Tetsu-p3g
      @Tetsu-p3g 3 หลายเดือนก่อน

      Thank you for this amazing tip. I just looked up Jenienne, wrote her explaining my financial market goals and scheduled a call

  • @wackytackyhacky
    @wackytackyhacky 10 หลายเดือนก่อน +35

    I think the difference here is whether you're trading the CFD of stocks or buying/selling and owning the stocks (this is where there is buyer and seller involved). Therefore, it would be the same "type of trading" with Forex if you are trading CFD of stocks because we technically don't "own" the stocks/forex. We are just trading the movements.

    • @readmycomment101
      @readmycomment101 10 หลายเดือนก่อน +4

      But CFD's are actually happening decentralized , even though futures and options are done in index's those are happenings on the centralized exchanges where the actual volume is visible to everyone at the same time... but in forex the volumes are shown only from a specific broker not the entire of the world, for instance the EURUSD volume will be shown only from a specific broker...

    • @paulnyagini
      @paulnyagini 7 หลายเดือนก่อน

      ​@@readmycomment101😂😂😂😂 stop making me laugh even if you got the volume data there is no way you will be consistent profitable. If you are smart enough then you will know that most of future deravatives moves in a slippage formation in the correlation of expected volatility of an asset class in other words is like saying the future volume is useless and future market markers are price takers of stock in stead of price maker and they will quote them base on how they expect the volatility to be in future this why it explains why future contracts price are different based on expiry time plus if traders overwhelm the market the future market markers will have to hedge there position with real stock assuming they don't
      Have partnership with the stock exchange.

    • @hkaniugu
      @hkaniugu 5 หลายเดือนก่อน +2

      dont trade if you dont own it, cuz stop loss is a scam

    • @EzeugwuChibuike-z1x
      @EzeugwuChibuike-z1x 5 หลายเดือนก่อน +1

      @@hkaniuguhow is stop loss a scam ?

    • @hkaniugu
      @hkaniugu 5 หลายเดือนก่อน

      @@EzeugwuChibuike-z1x because RR cant beat the market in a long term

  • @cashflow6044
    @cashflow6044 9 หลายเดือนก่อน +13

    Trading is trading but money circulation is different.. one market can have more volume and volatility then others

  • @lindachiafor
    @lindachiafor 7 หลายเดือนก่อน +9

    The problem is the brokers

  • @sidneymwangi9696
    @sidneymwangi9696 7 หลายเดือนก่อน +44

    there is nothing like manipulation by a broker... if you dnt know how to trade you dnt....

    • @motif-g3q
      @motif-g3q 6 หลายเดือนก่อน +1

      True

    • @princeanderson8066
      @princeanderson8066 หลายเดือนก่อน

      It's a lie brokers can manipulate the market. I have confirmed this on several occasions.

    • @sidneymwangi9696
      @sidneymwangi9696 หลายเดือนก่อน

      @@princeanderson8066 bro u dnt know how to trade

    • @simonandris4730
      @simonandris4730 หลายเดือนก่อน

      Not true , some scam definitely manipulate the markets

  • @example6978
    @example6978 3 หลายเดือนก่อน +19

    I've been trading the fx markets for 15 years and I am just now learning by these comments there is a vast amount of people that seem to think it's a hard market to trade 😅 it's exactly the same as any other market. I'm a fx prop trader but have personal accounts for trading stocks and crypto, it's the same concept. It's all about understanding people

    • @SkAliNawaz-r4g
      @SkAliNawaz-r4g 2 หลายเดือนก่อน +1

      Brother which fx broker is good and reliable... In your point of view as you are an expert trader ❤

    • @Poussyeater-w5e
      @Poussyeater-w5e 2 หลายเดือนก่อน

      How much would one need to start trading forex, and how much would I need to invest to gain high profit?

  • @suredude5291
    @suredude5291 6 หลายเดือนก่อน +65

    Tbh Forex is A LOT EASIER to understand and trade than stocks

    • @sastashroud7646
      @sastashroud7646 6 หลายเดือนก่อน +1

      Why so explain please

    • @DEFACTO9
      @DEFACTO9 5 หลายเดือนก่อน +4

      Rubbish, Fx prices are dependant upon the toughest intersection of commerce and Geopolitics and weather and energy. If you dont understand interest rate instruments your not making money trading forex, youre jus trading basics and noise. hint: 99% of FX traders are doing exactly that. Most newbie traders dont invest in their learning properly.

    • @wlbw1
      @wlbw1 5 หลายเดือนก่อน

      @@DEFACTO9 Exactly. The successful FX traders that I know make trading decisions by fundamental analysis and use technical analysis to figure out stop losses and take profits.

    • @nipamarkets
      @nipamarkets 5 หลายเดือนก่อน +1

      You're crazy... Easier to understand??

    • @dee23gaming
      @dee23gaming 5 หลายเดือนก่อน +7

      Wrong. Good stocks tend to go up over time. Forex doesn't have an up or down. It's all over the place.

  • @IrsergioI
    @IrsergioI 10 หลายเดือนก่อน +131

    Very true..forex is full of crooked brokers. (Broker manipulation) however, I used forex and its ridiculous leverage to grow my account and switch to futures.

    • @Calinkswag
      @Calinkswag 9 หลายเดือนก่อน +8

      I have the same plan bro.

    • @IrsergioI
      @IrsergioI 8 หลายเดือนก่อน +5

      @SpnakoAss I use TD Ameritrade.

    • @yafriz
      @yafriz 8 หลายเดือนก่อน

      You mean the leverage is too much or too low? And what’s your leverage ratio

    • @IrsergioI
      @IrsergioI 8 หลายเดือนก่อน

      @yafriz not in the sense of too much or too low. More like unrealistic leverage from unregulated brokers like 1:1000 leverage. Having moved into futures. Deal more with your margins and required capital to be able to maintain your positions.

    • @paulnyagini
      @paulnyagini 7 หลายเดือนก่อน +5

      ​@@IrsergioIof which is the same shit just in different demation

  • @ITSUNCLEJESSE
    @ITSUNCLEJESSE 6 หลายเดือนก่อน +15

    Not everyone will get what he said until they start following the real money. It’s very much easier for forex to be manipulated by big institutions and bots. In stocks you can see the order flow time ans d volume and if you enter at the right time you can be unstoppable

    • @navsofour2892
      @navsofour2892 4 หลายเดือนก่อน

      Lol there is more volume in black pools than on lit exchanges, if there were not manipulation the capital would be democratized and no system has ever achieved or wanted democratization on capital, including the USA the largest crooked in the world.

    • @100mlv
      @100mlv 2 หลายเดือนก่อน +1

      😂😂😂😂😂😂

  • @colinmaddox8567
    @colinmaddox8567 10 หลายเดือนก่อน +15

    This is huge for me.. at a pivotal point where I’m deciding what market to start diving into
    Thanks Umar 💯

    • @coltonbradley9293
      @coltonbradley9293 10 หลายเดือนก่อน +5

      Beginner should probably trade futures. You dont need 25k to have unlimited trades. Only downside is that there are commisions. Do your own research tho everyone is different.

    • @colinmaddox8567
      @colinmaddox8567 10 หลายเดือนก่อน

      @@coltonbradley9293 thanks Colton, appreciate the advice brother.

    • @mjgee5540
      @mjgee5540 10 หลายเดือนก่อน

      @@coltonbradley9293💯💯

    • @timclark428
      @timclark428 10 หลายเดือนก่อน +6

      Paper trade first (use past or future graphs). Cover graph with paper and see if you can predict

    • @mjgee5540
      @mjgee5540 10 หลายเดือนก่อน

      @@timclark428 Nice 👍🏾

  • @lonewolfact
    @lonewolfact หลายเดือนก่อน +3

    At least he prove it and hit 22 million profit than a hundred traders with their fake full glasses on comment section. He's from Pakistan, an immigrant and he got my respect. American tax people would be very happy to have him. He's genius, Love from Indonesia

  • @Easymadeit
    @Easymadeit 5 หลายเดือนก่อน +15

    Everyone’s missing the point he is making here. He’s basically saying that in forex there could possibly be foul play here where someone controls the market on a certain pair that has trillions of dollars that can manipulate the market a little bit to go one way and completely change or reverse a trend in their favor unlike buying contracts where you can actually see the price that individual people are paying for that’s centralized

    • @Insightful_Ed
      @Insightful_Ed 5 หลายเดือนก่อน +1

      Right , I agree with you 👍

  • @AntiMason
    @AntiMason 9 หลายเดือนก่อน +25

    That’s why I cringe so damn hard when people say they are looking at order flow or volume in forex… lol it’s completely controlled. Volume does not matter at all in forex. If you want to trade on volume concepts your best trades would be in commodities where those are true, real, tangible items you are trading.

    • @maderastuff
      @maderastuff 8 หลายเดือนก่อน +4

      Futures and options guy here. Chose to do futures over fx for a number of reasons. But wow that's wild. So if vol/order flow is an important part of your trading strategy - fx just isn't the game table for you. Thanks for sharing!

    • @AntiMason
      @AntiMason 8 หลายเดือนก่อน +1

      @@maderastuff Exactly :) I just wanted to throw that info out there and help someone. But yeah FX is 100% controlled. It’s a central bank dealing house not meant for me and you. And if me and you wanna play then we have to play as the customer in their storefront trying to predict the price of their commodity for today. Instantly when I see someone mention Volume as part of a strategy on FX trading I turn away because if they only knew the bedrock… they’d never touch it

    • @pkhaloobonaccio9883
      @pkhaloobonaccio9883 7 หลายเดือนก่อน +2

      u can't see volume in forex it's impossible because most transaction are made as derivatives over the counter between 2 parties . Most of fx transactions are hedging against currency . Most traders trades are bundled by their brokers and sent to the market maker aka the bank .The volume of FX is upwards of trillions per day

    • @Kris_413
      @Kris_413 6 หลายเดือนก่อน

      Seems you never heard of tick data. That’s what the volume spread indicator is for. It may not be 100% acc but 90% is good enough for me

    • @netizenkane2230
      @netizenkane2230 2 หลายเดือนก่อน

      You seem kinda unaware. Yea, the bucket shop (dealing desk) retail fx brokers mark up the quotes (no commission) which simply widens the spread and gives them the ability to shade the price and game their own accounts. So yea, sure, fx volumes are tough to get ahead of. However there are proxies for volume as well as the volume figures available from CME --> you can just use futures volume and reads. Actual traded volumes are purposefully obfuscated and concealed in almost every market, so there is nothing really unique about fx in that regard.

  • @Amelia94411
    @Amelia94411 10 หลายเดือนก่อน +87

    *Excellent !!! I really do have a question. For someone with less than $10,000 or Above to trade in stock market how would you recommend we enter into trading ? I am looking at studying some traders and copying their strategy rather than trading myself and losing money emotionally. I would greatly appreciate any suggestions*

    • @Amelia94411
      @Amelia94411 10 หลายเดือนก่อน

      I'm a beginner where can someone reach Mr Morris.

    • @BevarlySofia
      @BevarlySofia 10 หลายเดือนก่อน

      Trading as a beginner is quite stressful and discouraging but I'll linking up to your coach. This is useful info❤

    • @PhilipWood-eo6fn
      @PhilipWood-eo6fn 10 หลายเดือนก่อน

      Wow!!! I'm not shocked that you just mentioned and recommend Mr Morris. I learn and earn through he's analysis. Which speaks volumes about him

    • @FRANKCHIBEX
      @FRANKCHIBEX 10 หลายเดือนก่อน

      Mr Morris understanding of market indicators is impressive. He knows exactly when to enter and exit trade for maximum profit. He's signals are top notch

    • @fernandopillejera5179
      @fernandopillejera5179 10 หลายเดือนก่อน +12

      Haha, new comment for 2024 scam. Nice try 😆🤣

  • @Jimhunter3
    @Jimhunter3 หลายเดือนก่อน +1

    Same thing I always say too…being able to see the ladder(order book) has made my trading so much easier and iv’e actually become profitable.

  • @tufailahmedbugti2006
    @tufailahmedbugti2006 8 หลายเดือนก่อน +4

    Sir you are the best ❤

  • @11bornrich
    @11bornrich 5 หลายเดือนก่อน +5

    The first two markets I was taught to trade is Ger40 which was Germany 30 back then and US30. Since then I've just always stuck with indices, I only trade Ger40, US100, US30, Gold/XAU/USD & occasionally BTCUSD. I've never understood Forex, the pips/position sizes and haven't cared to learn them either. Sometimes it's like watching paint dry as well

    • @EzeugwuChibuike-z1x
      @EzeugwuChibuike-z1x 5 หลายเดือนก่อน +1

      lol the forex market is too slow and boring. Except there’s a serious bullish/bearish.
      But is safer to grow small account.

    • @11bornrich
      @11bornrich 5 หลายเดือนก่อน

      ​@@EzeugwuChibuike-z1x I agree it's much slower, another reason why I don't like it but I wouldn't say Forex is necessarily "safer". I think if you have good setups and a consistent strategy with an edge combined with good risk management, you'll do exceptionally well with indices. I literally only trade 3-4 things. Germany 40 primarily & I do very well mainly because of risk management and a profitable strategy.

    • @AbzinoTheFirst
      @AbzinoTheFirst 5 หลายเดือนก่อน +1

      Exactly US30 and Xau is mainly what I trade along with JPYUSD. BTCUSD is what I look at on the weekends sometimes if I want to take a trade since the others are closed

  • @chinonsojohnson
    @chinonsojohnson 2 หลายเดือนก่อน

    I like the way you breakdown your tutorials

  • @MoonMission_FX
    @MoonMission_FX 10 หลายเดือนก่อน +91

    My trade history enters the chat. Dont be scared of Forex people. Learn the pitfalls, execute trades with discipline and get the bag.

    • @wealthmaster69
      @wealthmaster69 9 หลายเดือนก่อน +4

      Blah blah

    • @motif-g3q
      @motif-g3q 6 หลายเดือนก่อน +1

      I agree

    • @joaoc9049
      @joaoc9049 5 หลายเดือนก่อน +2

      Where is your trade history

    • @sidneymwangi9696
      @sidneymwangi9696 5 หลายเดือนก่อน +2

      Forex is risk management. Greed is such a powerful feeling to resist..

    • @100mlv
      @100mlv 2 หลายเดือนก่อน

      ​@@sidneymwangi9696say you can't trade😂😂

  • @Kloutkulture
    @Kloutkulture 9 หลายเดือนก่อน +13

    Forex such a hassle compared to other assets like options and futures

    • @paulnyagini
      @paulnyagini 7 หลายเดือนก่อน

      You should have just said the CFDs is hassle than future and options deravatives.

    • @Kloutkulture
      @Kloutkulture 7 หลายเดือนก่อน +1

      @@paulnyagini nope everything about fx is trash

    • @paulnyagini
      @paulnyagini 7 หลายเดือนก่อน +5

      @@Kloutkultureis only a trash if you don't make eny money.

    • @Kloutkulture
      @Kloutkulture 7 หลายเดือนก่อน +2

      @@paulnyagini never wasted time with it. Always looked trash. Futures move the market anyways fx is synthetic so why would I bother?

    • @Kloutkulture
      @Kloutkulture 7 หลายเดือนก่อน

      @@paulnyagini I never traded it man.

  • @Dukestallione
    @Dukestallione 2 หลายเดือนก่อน +4

    To anyone watching this, just find your edge! Stocks, Crypto, Options, Futures and Forex. Find your edge, understand your psychology and learn how to technically/fundamentally analyze your market. Trading isn’t for everyone, personally I don’t want to be a surgeon. Point being a surgeon might not want to be a trader. If you’re doing this for money don’t. If you are doing this for passion go and get it ! “It’s not a race it’s a marathon” (:

    • @BobbyWhyte-n4o
      @BobbyWhyte-n4o 2 หลายเดือนก่อน +7

      dont lie to yourself and say its not for money...passion?? what is there to be passionate about? wow numbers moving very fast wow!!! green and red christmas colours!!!

  • @chicagomycity
    @chicagomycity 4 หลายเดือนก่อน +5

    Exactly, the lack of REAL accurate volume is why I decided to pivot away I had to move away from it. My strategy depends on volume (specifically relative volume by time) so I just trade futures and options because the volume is accurate and available.
    If your strategy only relies on price action, then you should be able to theoretically trade any market.

  • @RoliChauhanOfficial
    @RoliChauhanOfficial 14 วันที่ผ่านมา

    One thing I really don’t like about traders is that they badmouth those who trade other instruments than them !! I started forex and I love it !! There are indicators which you can use to see the volumes and you can study the price action to trade . The concept is the same everywhere . I am also looking to learn stocks and futures . Trade whatever you want and respect other traders and their styles . They are all right. I have immense respect for every trader out there. As long as you trade any instrument you are good.

  • @Jc3intelligent
    @Jc3intelligent 25 วันที่ผ่านมา

    I agree with the centralization. I have no problem trading currencies under the futures market for this very reason. That being said, it can be pretty limited. I'd love to short the Lebanese Pound, the Argentinian Peso, Botswana's currency, and anything that hyperinflates or deflates. Had I known about Forex during the Venezuela era, hooooo, that would have been fun. That's not the case, though. I'll play with what I have and worry less about spread and cases and all that.

  • @aaronhall4361
    @aaronhall4361 7 หลายเดือนก่อน +6

    In summary it’s because he trades order flow. This isn’t possible with FOREX

    • @Kris_413
      @Kris_413 6 หลายเดือนก่อน

      Nothing a volume spread analysis can’t vix. Might not be real volume but the tick data is 90% accurate which is good enough

  • @xBackwoodss
    @xBackwoodss 3 วันที่ผ่านมา

    Trading for me is following trends. I don’t take everything into consideration, if my setup shows after it’s 3 step approach then I’ll step down to my entry time and look for my setups there. Risk/Reward is essence though. With the way I was taught I can trade anything that has a chart, because we learn how to follow trends.

  • @liam-n8098
    @liam-n8098 6 หลายเดือนก่อน +4

    Order flow is only good for short term trading. Has no value in swing and position trading.

  • @vutomi9874
    @vutomi9874 8 หลายเดือนก่อน +4

    With how much money he started trading?

  • @paulvicentevcurimao5596
    @paulvicentevcurimao5596 2 หลายเดือนก่อน +1

    It not better that there is no centralized exchange? B/c of this, it is harder for more than 1 group to manipulate a market. Any one group that tries to influence a market will most likely carry more risks, right??

  • @SFSCALPER
    @SFSCALPER 10 หลายเดือนก่อน +34

    Forex volume is over 7k billion $ per day. Not eversione can understand this figure, not everyone can trade Forex.

    • @Bt-cc8te
      @Bt-cc8te 9 หลายเดือนก่อน +3

      Trillion

    • @darkprinz1363
      @darkprinz1363 9 หลายเดือนก่อน

      @@Bt-cc8te 7k billion =7 trillion bro

    • @Motivational-lf8zq
      @Motivational-lf8zq 9 หลายเดือนก่อน +10

      The point is if it's not centralised, brokers could just "display" a price that scams you!
      I get all that ego where it comes from "if your a trader you'll trade in any market" sorta ego... And to give you a perspective, let me challenge you into this - I'll set up a market, if you are a man, if you got two balls, deposit your real money with me and start your trading 🤡💀😄😂

    • @SFSCALPER
      @SFSCALPER 9 หลายเดือนก่อน +1

      @@Motivational-lf8zq I got Your point it is very clear and straight forward Thanks! I also agree that Traders should trade in any market or any asset is wrong, there's a lot of specialization in every asset. The true fact that FOREX is not centralized maybe turned as an advantage by experienced traders as: spread trading + triangular arbitrage + carry on trading, only possible on FOREX. Thanks for replying, I really appreciated.

    • @xadarr2309
      @xadarr2309 9 หลายเดือนก่อน

      @@Bt-cc8te read again :) there's a "k"

  • @RiccoMarselino
    @RiccoMarselino 4 หลายเดือนก่อน +3

    But it still makes money. That's most important

  • @LadyDiva2545
    @LadyDiva2545 6 หลายเดือนก่อน +18

    This dude is replying on being transparent. As in knowing exactly what's going on in real time.... 🎤 Drop

  • @SalimMartin-vm2yy
    @SalimMartin-vm2yy 8 หลายเดือนก่อน +3

    How can I get know how to trade in these markets

  • @muzokhonazulu4202
    @muzokhonazulu4202 หลายเดือนก่อน

    nothing wrong with it people are free to choose what they want, he's stating what he likes so we should just listen to why, not run our mouths for the sake of it..i just respect him for doing this practice cz it's not easy, any kind of trading is challenging

  • @ramuravella
    @ramuravella 2 หลายเดือนก่อน

    That’s why forex is not manipulated.

  • @lemarmessih10
    @lemarmessih10 21 วันที่ผ่านมา

    Forex market doesn't involve mass psychology.
    The amount of people trading currencies is less than transactions done by people who exchange currencies regardless of where prices are

  • @Anony1990
    @Anony1990 5 หลายเดือนก่อน +1

    That was insightful

  • @NayaryMondragom
    @NayaryMondragom หลายเดือนก่อน

    Thanks for sharing such valuable information! Could you help me with something unrelated: I have a SafePal wallet with USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How should I go about transferring them to Binance?

  • @lvdeluxe1
    @lvdeluxe1 หลายเดือนก่อน +2

    As long as you've back tested what you're trading, the rest will fall into place.

  • @saadsiddiqui16
    @saadsiddiqui16 4 หลายเดือนก่อน

    One such issue is with Volume also. In Forex and Crypto volume indicators are that particular exchange dependent where one is trading like Binance will show different volumes than Okx. Whereas stocks are centrally controlled by their respective exchange.

  • @triloksinghbhati333
    @triloksinghbhati333 10 หลายเดือนก่อน +5

    Do you provide training

  • @uncommon_name9337
    @uncommon_name9337 3 หลายเดือนก่อน

    Is it the same with commodities like Gold ?

  • @Josephfxkings
    @Josephfxkings 2 หลายเดือนก่อน

    Just fund a way to make money,the concept is still the same (price action) so even though you see the transaction of other Traders it doesn't guarantee profit

  • @petqgocheva479
    @petqgocheva479 2 หลายเดือนก่อน

    where can you see the transactions of stocks?

  • @ManjulaBuddarage0
    @ManjulaBuddarage0 2 หลายเดือนก่อน

    Trading is not about forex, cypto or stocks.. it is totally about psychology and money management.. not matter where are you trading if you can control your psychology and master the money / risk management your are the winner.. 🍷

  • @mubikarimjanovnabob8779
    @mubikarimjanovnabob8779 10 วันที่ผ่านมา

    Thank you❤

  • @MarkusStefanScaleUp
    @MarkusStefanScaleUp 2 หลายเดือนก่อน

    fax, you can trade all of these with propel capital group, and get free retries if you fail

  • @SleepyAlbatross-vw8zv2
    @SleepyAlbatross-vw8zv2 15 วันที่ผ่านมา

    Which trade app platform is best

  • @subzero4116
    @subzero4116 8 หลายเดือนก่อน +2

    Where can u see the live volume of trade

  • @javatechnovation
    @javatechnovation หลายเดือนก่อน

    I really want to learn how to trade the market and I'm looking for like-minded people who can share ideas about it.

  • @chenlei2669
    @chenlei2669 2 หลายเดือนก่อน

    Everything has two sides, yes, you can't see true volumes, order flows, you may see slight differences in prices from different brokers. but all these factors also result fx market more difficult to be manipulated by big players.

  • @iyurek
    @iyurek 12 วันที่ผ่านมา

    Just as an educational note to the community, when trading Forex you can always track order flow, volumes, and transactions using the futures, ETF, swaps, and the most recent COT report of the currency you trade.

  • @nunu4692
    @nunu4692 9 หลายเดือนก่อน +20

    To trade forex you gota be REALY good at trading.

    • @glendellthompson8363
      @glendellthompson8363 7 หลายเดือนก่อน +2

      How’s that different from options?

    • @dee23gaming
      @dee23gaming 5 หลายเดือนก่อน

      ​@@glendellthompson8363 Options is a way of doing business, it's not an asset class.

    • @Saavys
      @Saavys 2 หลายเดือนก่อน +1

      @@glendellthompson8363 He doesn’t know.

  • @abundancebase19
    @abundancebase19 4 หลายเดือนก่อน

    Options I feel you can get to it but forex you have to be laser focused to properly execute your edge.

  • @d.phoenix.5d
    @d.phoenix.5d 6 หลายเดือนก่อน +2

    Umar, Forex is not for the faint hearted. 😂
    And this perspective is also as if Stocks exchanges don't manipulate the volumes.

    • @ireyomade9473
      @ireyomade9473 3 หลายเดือนก่อน

      Yeah, I think stocks are easily manipulated than forex

  • @mrburot
    @mrburot 5 หลายเดือนก่อน

    What platform did he used in trading stock market?

  • @BreedOfficialChannel
    @BreedOfficialChannel 10 หลายเดือนก่อน +6

    Full interview

  • @davidarcila7467
    @davidarcila7467 10 หลายเดือนก่อน +44

    I'm one year trading forex now, and I started thinking it was the easiest market💀

    • @shogungaming5601
      @shogungaming5601 10 หลายเดือนก่อน +7

      Bro... 💀

    • @bumdum8798
      @bumdum8798 10 หลายเดือนก่อน +1

      How was your experience

    • @Ali_Capitals
      @Ali_Capitals 10 หลายเดือนก่อน +9

      This is the most difficult and toxic market in the wrld

    • @lexsonwarner7273
      @lexsonwarner7273 10 หลายเดือนก่อน +17

      10 years into trading forex and my journey has been beautiful

    • @davidarcila7467
      @davidarcila7467 10 หลายเดือนก่อน

      @@Ali_Capitals Why do you say that?

  • @ld986
    @ld986 3 หลายเดือนก่อน

    For Americans it’s probably a lot safer to trade traditional markets because your still taxed regardless. On forex spread trades in the uk as a day trader you pay nothing really because of the way the laws structured. I absolutely love forex for that reason but it’s so sporadic and unpredictable I can see why it would put people off.

  • @DamonBhai-je7ki
    @DamonBhai-je7ki 3 หลายเดือนก่อน

    Assalamualaikum Bhai Kya Option Trading Haram Hai Ya Halal Hai plss madad kare 😢😢

  • @shubhamvinodia424
    @shubhamvinodia424 2 หลายเดือนก่อน

    If you've skills you can trade any market any time,being a market not centralized also makes it more hard to manipulate

  • @jarodsmith7664
    @jarodsmith7664 3 หลายเดือนก่อน +1

    It’s just a difference in trade volatility. And services offered by the broker. They both serve their purpose. Stocks is good for position trading or buy and hold trading. Forex is a great place to make quick in and out or same day trades. Most online brokers for stock trading cost fat account fees for making more then a certain amount of same day trades. Most forex brokers do not.. It’s just little things you peep between the 2 varying markets. But they both make people absurdly rich.

  • @sirsergioandree
    @sirsergioandree 8 หลายเดือนก่อน +23

    Bro has no idea of the manipulation of wall street

    • @ahmetm5480
      @ahmetm5480 7 หลายเดือนก่อน +7

      This man is making millions a year trading, surely he knows more than you...

    • @darktrader.x01
      @darktrader.x01 6 หลายเดือนก่อน

      @@ahmetm5480are u sure?

    • @dee23gaming
      @dee23gaming 5 หลายเดือนก่อน

      ​@@ahmetm5480 Well he says forex prices are different across brokers. That's a bunch of bullshit. I don't think this guru knows what he's talking about, lol.

    • @109sssss
      @109sssss 5 หลายเดือนก่อน

      @@ahmetm5480 he's a fake guru

  • @lm6900
    @lm6900 19 วันที่ผ่านมา

    what about crypto trading?

  • @Nonofyobusiness
    @Nonofyobusiness 4 หลายเดือนก่อน

    He speaking factz

  • @Jessejayson
    @Jessejayson 8 หลายเดือนก่อน +35

    Crypto traders left the chat

    • @kumrandy7835
      @kumrandy7835 4 หลายเดือนก่อน +2

      Crypto is closer to what he is stocks, than forex

    • @frankobi4503
      @frankobi4503 หลายเดือนก่อน

      You work for 40yrs to have $1m in your retirement,
      Meanwhile some people are putting just $10k in a
      meme coin for just few months and now they are multi-millionaires. I am adding multiple stop loss setting methods to all the complete system indicators what stop loss options do you want
      i'm currently adding a
      candle stop (high/low of last x number of candles)
      ma stop (it sets it to an ema value you can pick)
      the current one thats in place which is as per the gold shark strategy
      an ATR stop loss where it sets it as a multiple of the atr
      if you have other options you want to see let me know
      this will be to go into the following indis
      the shark
      wave rider
      trend rider
      scalpers paradise

  • @Outerhaven13
    @Outerhaven13 3 หลายเดือนก่อน +1

    Find your niche, all markets can make you or break you.

  • @nawaababbas851
    @nawaababbas851 22 วันที่ผ่านมา

    Alhamdulillah this is what's called Halaal trading strategies. We don't GAMBLE rather we see real legitimate movements and anaylise the market through this. Well done my brother Umar. Almighty bless you for this statement.

  • @yangbai2052
    @yangbai2052 หลายเดือนก่อน

    how about forex futures....

  • @emcaofficiel
    @emcaofficiel 10 หลายเดือนก่อน +27

    forex trading it's all about chosing the right broker

    • @mhafiz8654
      @mhafiz8654 10 หลายเดือนก่อน +9

      which broker did you mean is the right one?

    • @bulishfx
      @bulishfx 9 หลายเดือนก่อน

      @@mhafiz8654every brokers except those who are sponsored by influencers.
      Gotta stay away from them bro

    • @carlvoznesensky1042
      @carlvoznesensky1042 7 หลายเดือนก่อน

      @@mhafiz8654 there are many but pacific union and think markets is great

    • @erickvargas6447
      @erickvargas6447 7 หลายเดือนก่อน

      How do ik which broke is the right one

    • @abdulmateen3326
      @abdulmateen3326 7 หลายเดือนก่อน

      ​@@mhafiz8654 i think fusion markets is best at the moment. do your research too. not take action based on my comment

  • @Gabriel-v9m1b
    @Gabriel-v9m1b 3 หลายเดือนก่อน

    I actually like trading currency but like buddy said as long as money is made it dont matter

  • @denniskingmoney
    @denniskingmoney 9 หลายเดือนก่อน +1

    I like that idea 💡

  • @hassaanqadri9695
    @hassaanqadri9695 10 หลายเดือนก่อน +3

    which specific market do you trade in i was thinking of forex ??? whcih is best for a complete newbie like me???

    • @chetansaini2989
      @chetansaini2989 10 หลายเดือนก่อน +1

      Go with equity

    • @yannyboi706
      @yannyboi706 10 หลายเดือนก่อน +2

      I highly suggest EUR/USD. The flow not as agrassive as the other pairs

    • @Allinone47888
      @Allinone47888 5 หลายเดือนก่อน

      ​@@yannyboi706do u know how to capture big moves in 4 hrs like 1000 pips or more in eurusd

  • @saucemasterdeco
    @saucemasterdeco 2 หลายเดือนก่อน

    so is trading forex options the same as trading forex?

  • @officialdro7033
    @officialdro7033 3 หลายเดือนก่อน

    Everything is hard to trade at the end of the day every market has it flaws and every market has its goods and bads… whatever u decided too do go all 💯 on it and u will win it will be hard but trust me at the end it will be worth it …

  • @mygooglename7275
    @mygooglename7275 4 หลายเดือนก่อน

    hello im a beginner in trading forex. Can someone explain to me when viewing the charts on trading view can you place a buy or sell on any past time on the chart? or does it have to be current time ?

  • @OptimalTradeSites
    @OptimalTradeSites หลายเดือนก่อน

    In reality, price differences between brokers are often due to varying spreads and transaction costs. This is normal in a competitive market like forex. What’s crucial is choosing a reputable broker regulated by official financial authorities. A reputable broker not only provides fair pricing but also ensures transparency and protects your interests. Using comparison tools and thoroughly researching brokers will help you find the most suitable one.

  • @MusTanG5.0-t1k
    @MusTanG5.0-t1k 3 หลายเดือนก่อน

    U r right bro coz others are scammers bro so what is the clue about buying stock market of buying Apple and selling it how ???

  • @princeanderson8066
    @princeanderson8066 หลายเดือนก่อน

    Forex is full of market manipulation by brokers, and what he's saying about centralized is true.
    I trade forex but the truth is there's a lot of market manipulation in forex.

  • @joshuaf5515
    @joshuaf5515 10 หลายเดือนก่อน +11

    You can literally grow an account easier and faster trading options and futures than trading forex.

    • @MarquosXoloVanda
      @MarquosXoloVanda 9 หลายเดือนก่อน +1

      Which brokers are great trading futures?

  • @gungishsharan8204
    @gungishsharan8204 2 หลายเดือนก่อน

    In my opinion stock market is unpredictable sir .....I prefer forex and Winprofx broker

  • @ShaeSPT
    @ShaeSPT 6 หลายเดือนก่อน

    Which is a reliable forex broker for beginners with like low cost/deposit ?

  • @NoHaxJustRunii
    @NoHaxJustRunii 2 หลายเดือนก่อน

    Forex has large spread and it's really not possible to scalp. You would need to go for a large move which some people just do not prefer, me included

  • @MthokozisiButhelezi-g3n
    @MthokozisiButhelezi-g3n 3 หลายเดือนก่อน

    Correct and I ve proven this after my 5 year trading experience .thank u. This is fact ❤❤

  • @4xturbo45
    @4xturbo45 7 หลายเดือนก่อน

    forex is the best way to trade due to having access to prop firms such as equity edge analytics, lots of capital for low prices

  • @laada110
    @laada110 6 หลายเดือนก่อน

    Why u guys never explaine people importants of Capital and how Long u guys staying and how much securing?

  • @wifimoneywithjoanna.
    @wifimoneywithjoanna. 9 หลายเดือนก่อน +2

    Wow. I didn't know that. ❤

  • @5FmUke
    @5FmUke 5 หลายเดือนก่อน +4

    It's the most liquid, sophisticated market. Degens can't like that

  • @brandogenius
    @brandogenius 4 หลายเดือนก่อน

    Find your niche, I believe every way he just talked about Trading you can learn to be profitable if you’re consistent and put in the time and effort🎉🎉🎉

  • @Salman_D._Rayan
    @Salman_D._Rayan 9 หลายเดือนก่อน +3

    Forex is a centralized market...
    Gold, Crypto, and NFTs are decentralized..
    Stocks are centralized but by the company and its investors/partners
    Centralized exchange or not doesn't matter much. But as he says, we can't see the transactions going on forex and even gold I think. This is a bad point. But the more the market is centralized by the governement the more it's "Safe"..

  • @Hustle-N-Flow
    @Hustle-N-Flow 4 หลายเดือนก่อน

    People say trading is trading, with his explanation, trading is not trading lol. As a former trucker who owned his equipment, hauling freight isn’t the same as hauling freight. We both haul freight but I haul from a direct shipper while you haul from a broker on a load board. Different prices and profit so I relate to what he is saying unlike many in the comments

  • @ivanbozikovic6304
    @ivanbozikovic6304 4 หลายเดือนก่อน +1

    Saying there is no volume is total bs/ lack of knowledge. Volume on fx is calculated in ticks which is over 90% representable as the real transaction volume.

  • @dennismills5940
    @dennismills5940 2 หลายเดือนก่อน

    I trade silver and oil. Hopefully next...I trade bonds.