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
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.
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.
Forex brokers are scams , you can't see volume and it's easy to manipulate with the brokers and leverage trading is scam ,they want you to lose money - regulated brokers can allow you to trade forex and that's good but you can't trust forex markets it's a trap
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
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
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.
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.
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...
@@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.
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?
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.
‘’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
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.
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 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.
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
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
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.
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.
Agree Futures is so transparent regarding fees, prices, and charts. I've been sniped many times due to spread. Yes, forex gives opportunities but I like to focus on trading not making sure the exchange messes up my trades.
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.
@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.
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.
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.
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!
@@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
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
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.
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
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.
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
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” (:
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!!!
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.
*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*
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
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.
@@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.
very tru trade what appeals to you. no your market and no what makes it move, i've found that fundamentals moves the forex market and its been going good. Now I have to get the direction right, from there it shouldn't matter what market your trading.
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.
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
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.
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.. 🍷
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
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.
You dont need to see the orders in forex, the forex markets do not have any control of price in the actual pair/market your trading. The actual market dictates price movement forex allows us to trade the fluctuation of that price.
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.
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 …
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
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.
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.
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??
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
as you said forex is not centralized, it is more attractive to trade because no one can control the price. news may affect it yes but no one controls it unlike bitcoin and stocks controlled by the whales. in forex you just have to get the right broker. the one having the closest chart movements in majority. coz some brokers are scams like exness not having the same candle sticks vs others broker charts. it also happens in crypto more often.
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 🤡💀😄😂
@@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.
Thank you so much for this amazing video! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
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
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.
You are doing a great job! Can you help me with something unrelated? I have a SafePal wallet with USDT in it and I have my recovery phrase.【pride】-【pole】-【obtain】-【together】-【second】-【when】-【future】-【mask】-【review】-【nature】-【potato】-【bulb】. How do I transfer them to Binance?
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🎉🎉🎉
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.
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.
@@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.
All these avenues he speaks of for a Muslim are prohibited. Everything this guy does both Futures and Options and Forex. It's not even debatable. You trading something you don't own. Not sure if he is Muslim but just FYI to any inspiring youth. You will be questioned for every dollar you spend and whom you spend it on. Don't go down the dark path.
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
And you see it's the decentral nature that these traders don't like because they can't pay to see the retail trade and front run it with stop loss hunters.
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?
As long as Money is made, that's what matters
Blah blah
See profit take profit
❤❤❤It's all about the BAAAAGGG
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
Helloooooo👌🏿
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.
pretty much. i like intraday forex. im experimenting with some stuff now so hopefully ill go live again sooner or later
WORD
True
Yeahhh same thought 👍
Absolutely 💯
Trading is Trading. Does not matter what we trade. It depends on what you are mastered on.
True, yet there is stocks and futures which is way easier to master compared to Forex.
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.
Stock trading is much easier
True
Forex is very complex
Forex is not for everyone, you already said it, the concept is the same.
Its defferent, the guy is right
Concept the same but the meat and potatoes isn’t
Every few trader can't trade every pair either
Tbh every successful Forex trader doesn’t give a dam about centralized transactions.
They trade what they see and make profit end of story.
AMEN 🙏 FX 4 Life
🔥🔥💯💪🏻
Nicely said 🎉🎉
Forex brokers are scams , you can't see volume and it's easy to manipulate with the brokers and leverage trading is scam ,they want you to lose money - regulated brokers can allow you to trade forex and that's good but you can't trust forex markets it's a trap
big facts. everyone who cant do it always has an excuse to as why they cant.
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
Hii
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
He made millions without it. So neither opinions is better. Both ways can make money.
Isn’t this the exact same as crypto and stocks?
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.
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.
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...
@@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.
dont trade if you dont own it, cuz stop loss is a scam
@@hkaniuguhow is stop loss a scam ?
@@EzeugwuChibuike-z1x because RR cant beat the market in a long term
You give us always clear information. Thank you bro ❤
Yes
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.
there is nothing like manipulation by a broker... if you dnt know how to trade you dnt....
True
It's a lie brokers can manipulate the market. I have confirmed this on several occasions.
@@princeanderson8066 bro u dnt know how to trade
Not true , some scam definitely manipulate the markets
Looks like you never heard about exness stop loss hunting...
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?
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.
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.
Please can you leave the info of your investment advisor here? I’m in dire need for one.
‘’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
Thank you for this amazing tip. I just looked up Jenienne, wrote her explaining my financial market goals and scheduled a call
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.
Which broker do you use?
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
lol the forex market is too slow and boring. Except there’s a serious bullish/bearish.
But is safer to grow small account.
@@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.
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
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
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.
😂😂😂😂😂😂
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.
The problem is the brokers
No, bad traders is the probelm, not the brokers. A bad workman quarrels with the tools.
Agree Futures is so transparent regarding fees, prices, and charts. I've been sniped many times due to spread. Yes, forex gives opportunities but I like to focus on trading not making sure the exchange messes up my trades.
Choices....Makes sense...Trade whatever the hell you like,want,or enjoy...Pros and Cons with most things!!! Do You and keep it moving..
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.
I have the same plan bro.
@SpnakoAss I use TD Ameritrade.
You mean the leverage is too much or too low? And what’s your leverage ratio
@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.
@@IrsergioIof which is the same shit just in different demation
Glad I saw this. I don't like not knowing what the real volume is!
This is huge for me.. at a pivotal point where I’m deciding what market to start diving into
Thanks Umar 💯
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.
@@coltonbradley9293 thanks Colton, appreciate the advice brother.
@@coltonbradley9293💯💯
Paper trade first (use past or future graphs). Cover graph with paper and see if you can predict
@@timclark428 Nice 👍🏾
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.
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!
@@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
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
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
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.
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
I like the way you breakdown your tutorials
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.
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
Brother which fx broker is good and reliable... In your point of view as you are an expert trader ❤
How much would one need to start trading forex, and how much would I need to invest to gain high profit?
you've been in the game 15 years and just now discovering people find it hard to trade in this one video? Lmao
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” (:
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!!!
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.
*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*
I'm a beginner where can someone reach Mr Morris.
Trading as a beginner is quite stressful and discouraging but I'll linking up to your coach. This is useful info❤
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
Haha, new comment for 2024 scam. Nice try 😆🤣
Get intouch 🎉🎉🎉
Forex such a hassle compared to other assets like options and futures
You should have just said the CFDs is hassle than future and options deravatives.
@@paulnyagini nope everything about fx is trash
@@Kloutkultureis only a trash if you don't make eny money.
@@paulnyagini never wasted time with it. Always looked trash. Futures move the market anyways fx is synthetic so why would I bother?
@@paulnyagini I never traded it man.
Tbh Forex is A LOT EASIER to understand and trade than stocks
Why so explain please
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.
@@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.
You're crazy... Easier to understand??
Wrong. Good stocks tend to go up over time. Forex doesn't have an up or down. It's all over the place.
very tru trade what appeals to you. no your market and no what makes it move, i've found that fundamentals moves the forex market and its been going good. Now I have to get the direction right, from there it shouldn't matter what market your trading.
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.
Sir you are the best ❤
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
Right , I agree with you 👍
Dude just analyse your trade in Trading view and take the trade in Your broker🙅
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.
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.. 🍷
Trading is trading but money circulation is different.. one market can have more volume and volatility then others
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
You don’t need to see it if the concept is the same, just strictly follow your rules , if it doesn’t work in fx then the concept has to change in fx
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.
You dont need to see the orders in forex, the forex markets do not have any control of price in the actual pair/market your trading. The actual market dictates price movement forex allows us to trade the fluctuation of that price.
if you don’t that volume data… neither does another trader. the field is level
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.
If you've skills you can trade any market any time,being a market not centralized also makes it more hard to manipulate
Order flow is only good for short term trading. Has no value in swing and position trading.
My trade history enters the chat. Dont be scared of Forex people. Learn the pitfalls, execute trades with discipline and get the bag.
Blah blah
I agree
Where is your trade history
Forex is risk management. Greed is such a powerful feeling to resist..
@@sidneymwangi9696say you can't trade😂😂
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 …
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
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.
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.
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??
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
With how much money he started trading?
Full interview
As long as you've back tested what you're trading, the rest will fall into place.
Everyone is the same the price either goes up or down the market structure are all same
as you said forex is not centralized, it is more attractive to trade because no one can control the price. news may affect it yes but no one controls it unlike bitcoin and stocks controlled by the whales. in forex you just have to get the right broker. the one having the closest chart movements in majority. coz some brokers are scams like exness not having the same candle sticks vs others broker charts. it also happens in crypto more often.
Forex volume is over 7k billion $ per day. Not eversione can understand this figure, not everyone can trade Forex.
Trillion
@@Bt-cc8te 7k billion =7 trillion bro
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 🤡💀😄😂
@@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.
@@Bt-cc8te read again :) there's a "k"
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
fax, you can trade all of these with propel capital group, and get free retries if you fail
But it still makes money. That's most important
In summary it’s because he trades order flow. This isn’t possible with FOREX
Nothing a volume spread analysis can’t vix. Might not be real volume but the tick data is 90% accurate which is good enough
Correct and I ve proven this after my 5 year trading experience .thank u. This is fact ❤❤
I really want to learn how to trade the market and I'm looking for like-minded people who can share ideas about it.
Thank you so much for this amazing video! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
That’s why forex is not manipulated.
he is absoluly right
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
superb.......
Which pltrm r u trading??
@SachinPatel-SPT im using winprofx
@SachinPatel-SPT n u ??
How can I get know how to trade in these markets
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.
Where can u see the live volume of trade
I actually like trading currency but like buddy said as long as money is made it dont matter
You are doing a great job! Can you help me with something unrelated? I have a SafePal wallet with USDT in it and I have my recovery phrase.【pride】-【pole】-【obtain】-【together】-【second】-【when】-【future】-【mask】-【review】-【nature】-【potato】-【bulb】. How do I transfer them to Binance?
Trusted broker for forex?
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🎉🎉🎉
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.
This dude is replying on being transparent. As in knowing exactly what's going on in real time.... 🎤 Drop
Do you provide training
That was insightful
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.
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
Bro has no idea of the manipulation of wall street
This man is making millions a year trading, surely he knows more than you...
@@ahmetm5480are u sure?
@@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.
@@ahmetm5480 he's a fake guru
All these avenues he speaks of for a Muslim are prohibited. Everything this guy does both Futures and Options and Forex. It's not even debatable. You trading something you don't own. Not sure if he is Muslim but just FYI to any inspiring youth.
You will be questioned for every dollar you spend and whom you spend it on. Don't go down the dark path.
We should focus on one pair only.
Crypto traders left the chat
Crypto is closer to what he is stocks, than forex
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
Only difference is he has a course for sale and it isn’t in Forex trading.
Find your niche, all markets can make you or break you.
To trade forex you gota be REALY good at trading.
How’s that different from options?
@@glendellthompson8363 Options is a way of doing business, it's not an asset class.
@@glendellthompson8363 He doesn’t know.
He speaking factz
I'm one year trading forex now, and I started thinking it was the easiest market💀
Bro... 💀
How was your experience
This is the most difficult and toxic market in the wrld
10 years into trading forex and my journey has been beautiful
@@DaddyOfEnigma Why do you say that?
forex brokers are like gas station, you go to Shell, Chevron, etc. you get different prices, it's abvious
Me still watching these videos after got burnt down multiple times 😢
And you see it's the decentral nature that these traders don't like because they can't pay to see the retail trade and front run it with stop loss hunters.
Is it the same with commodities like Gold ?
where can you see the BUYers of stocks?
Umar, Forex is not for the faint hearted. 😂
And this perspective is also as if Stocks exchanges don't manipulate the volumes.
Yeah, I think stocks are easily manipulated than forex
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?
True it's very abstract