Forex Trading/Investing Explained

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  • เผยแพร่เมื่อ 10 มิ.ย. 2024
  • For a limited time, use the link in my description to get a free trial of Skillshare Premium Membership: skl.sh/theplainbagel09201
    Video on Futures: • What are Futures?
    Video on Options: • Stock Options Explained
    If you'd like to support the channel, you can do so at Patreon.com/ThePlainBagel :)
    Intro/Outro Music: www.bensound.com/royalty-free...
    Today we cover forex, FX, foreign exchange, whatever you like to call it. Seen by some as a mere requirement of international trade, it's viewed by others as an investment/trading opportunity. We explain why in our video.
    DISCLAIMER:
    This channel is for education purposes only and is not affiliated with any financial institution. Richard Coffin is not registered to provide investment advice and as such does not provide recommendations on The Plain Bagel - those looking for investment advice should seek out a registered professional. Richard is not responsible for investment actions taken by viewers.
    This video is sponsored by Skillshare

ความคิดเห็น • 286

  • @Fontenoy_
    @Fontenoy_ 3 ปีที่แล้ว +58

    7:08 "the lira has fallen quite a bit" : that's a very light way to say it

    • @burakg8789
      @burakg8789 2 ปีที่แล้ว +2

      man its way dramatic now. Check it out

    • @_VISION.
      @_VISION. ปีที่แล้ว

      I wonder who is destabilizing their economy by making it dangerous.

    • @manuamanya6667
      @manuamanya6667 หลายเดือนก่อน

      BRO CHECK İT NOW

  • @TheIcelandicInvestor
    @TheIcelandicInvestor 3 ปีที่แล้ว +494

    As soon as I hear Forex trading I think of scammers😅

    • @manuelsantiago222
      @manuelsantiago222 3 ปีที่แล้ว +36

      So sad, there's so much good content, so many good systems and traders around. It's just that the scam and the scammers scream louder. xD

    • @TheIcelandicInvestor
      @TheIcelandicInvestor 3 ปีที่แล้ว +1

      Manuel Santiago Where?

    • @preciousnduka8182
      @preciousnduka8182 3 ปีที่แล้ว +8

      The Icelandic Investor I’m into crypto investment and the company i invest with is reliable and trustworthy because I get paid as promised whenever I invest, I’m sure there more companies like that because anything fake was copied from the original.

    • @TheIcelandicInvestor
      @TheIcelandicInvestor 3 ปีที่แล้ว +2

      Precious nduka Yeah not everybody is a scammer 😁

    • @preciousnduka8182
      @preciousnduka8182 3 ปีที่แล้ว +2

      The Icelandic Investor yes

  • @yegirish
    @yegirish 3 ปีที่แล้ว +80

    I always appreciate this channel pouring cold water on the internet's various scams and get-rich-quick schemes.

    • @petergruffen8668
      @petergruffen8668 ปีที่แล้ว

      Interested in making new trading connections? Look at my youtube about me page!

  • @apacheattackhelicopter8185
    @apacheattackhelicopter8185 3 ปีที่แล้ว +72

    In countries that chronically experience high inflation like Turkey and Russia people will buy USD and Euro just to protect their savings. Also if you want to invest in foreign stocks, many ETFs are hedged against FX risk.

    • @knockhello2604
      @knockhello2604 3 ปีที่แล้ว

      Yeah

    • @DG-um3xi
      @DG-um3xi 3 ปีที่แล้ว +1

      Why are ETFs hedged against FX?

    • @knockhello2604
      @knockhello2604 3 ปีที่แล้ว

      @@DG-um3xi same

    • @alexnezhynsky9707
      @alexnezhynsky9707 3 ปีที่แล้ว

      Little do they know, the printers are going crazy at both the Fed and the ECB

    • @apacheattackhelicopter8185
      @apacheattackhelicopter8185 3 ปีที่แล้ว +3

      @@DG-um3xi Because ETF is in Euro but invests in American stocks which are in USD

  • @wendynoble6545
    @wendynoble6545 3 ปีที่แล้ว +88

    You're a natural teacher! You should have your own courses.

    • @cindysuber5518
      @cindysuber5518 3 ปีที่แล้ว +1

      He does I just enrolled for it today

    • @cindysuber5518
      @cindysuber5518 3 ปีที่แล้ว +1

      :-(+. 1. 5. 8. 5. 3. 2. 6. 1. 2. 6. 1)-:

    • @phobi3545
      @phobi3545 3 ปีที่แล้ว +4

      these are his courses lol

    • @LargeBanana
      @LargeBanana 3 ปีที่แล้ว +2

      @@Danielkaas94 LMAO hahhaaha

    • @petergruffen8668
      @petergruffen8668 ปีที่แล้ว

      Hello everyone interested in talking to other traders? Check my bio for more info

  • @Va47i
    @Va47i 3 ปีที่แล้ว +98

    >Average individual probably doesnt worry much about forex.
    Argentina: Am I a joke to you?

    • @knockhello2604
      @knockhello2604 3 ปีที่แล้ว +1

      Ur from there? I don't get it

    • @Andoresu96
      @Andoresu96 3 ปีที่แล้ว +14

      We basically operate on a "dual currency" system, where everyday transactions are done I pesos, but valuations are done in US dollars, highly correlating the inflation and exchange rates.

    • @knockhello2604
      @knockhello2604 3 ปีที่แล้ว +1

      @@Andoresu96 thnxs

    • @TheDalmax08
      @TheDalmax08 3 ปีที่แล้ว

      I see pesos crocantes everywhere

    • @tomlxyz
      @tomlxyz 2 ปีที่แล้ว

      Maybe Argentinians are not average

  • @JoshOlawale
    @JoshOlawale 3 ปีที่แล้ว +29

    This is really well done!! Definitely forwarding this to some people who have been suckered in to FX scams. When they ask me about "forex" I tend to go on a long rant about economic parity conditions - I think this video will be more effective!

    • @petergruffen8668
      @petergruffen8668 ปีที่แล้ว +1

      the waffle house has found its new host

  • @ZuluNinja
    @ZuluNinja 13 วันที่ผ่านมา

    You just made this subject so simple and clear. Thank you so much.

  • @TPK23
    @TPK23 3 ปีที่แล้ว +2

    Great video man, thanks for breaking this down!

  • @businessguide6219
    @businessguide6219 3 ปีที่แล้ว +1

    Amazing! Never thought I'd be finish watching this video!

  • @Steephhnnn
    @Steephhnnn 3 ปีที่แล้ว +4

    The animations on these videos are subtle but very underrated

    • @chartchampion9144
      @chartchampion9144 3 ปีที่แล้ว

      Thank you for sharing your comments. People have been complaining about a crypto broker that can help in trading. I recommend Francis anthony+ 4 4 7 9 8 4 3 7 8 1 6 9

  • @DusttNZ
    @DusttNZ 3 ปีที่แล้ว +2

    Another quality vid! Thanks Richard,

  • @dav0625
    @dav0625 3 ปีที่แล้ว +1

    Many thanks for this video, very interesting, and efficient !

  • @ChrisComeau
    @ChrisComeau ปีที่แล้ว

    Awesome simple explanation, thanks!

  • @stoopid8833
    @stoopid8833 2 ปีที่แล้ว +1

    This is helping me understand my corporate finance course

  • @mihirp9546
    @mihirp9546 3 ปีที่แล้ว +37

    2:02 he does the Canadian "abouut" lol

    • @OHYS
      @OHYS 3 ปีที่แล้ว +2

      He is Canadian

  • @callumfrank
    @callumfrank ปีที่แล้ว +55

    Very well explained video, one that folks really need to watch. I’m 50, retired a while at 45. I have 35% of my capital invstments in an IRA, 25% in index funds, and the balance spread across other investment accts, in cumulative of over $ 6M. I receive income from my rental properties too. Zero debt and all is going accordingly.

    • @kristennn850
      @kristennn850 ปีที่แล้ว +4

      Living below ones means & investing is difficult but it's necessary. I've made lots of money mistakes in the past but I don’t regret it as I've learnt from them. Now I’m just focusing on the s&p 500 and waiting for a few years.

    • @callumfrank
      @callumfrank ปีที่แล้ว +2

      Yeah that's a good path. You should focus on a good ETF of the s&p 500, relax back and watch it compound within the years.

    • @callumfrank
      @callumfrank ปีที่แล้ว +2

      In my case Klaus Cassius has helped me to do that proficiently. I'm not a guru so I don't really have fascinating strategies. I work and my consultant does the rest.

  • @TheRilai
    @TheRilai 3 ปีที่แล้ว

    Your videos are amazing, thank you

  • @Scarlett-zv1yb
    @Scarlett-zv1yb 3 ปีที่แล้ว +1

    Highly educational. I love it.

    • @chartchampion9144
      @chartchampion9144 3 ปีที่แล้ว

      Thank you for sharing your comments. People have been complaining about a crypto broker that can help in trading. I recommend Francis anthony+ 4 4 7 9 8 4 3 7 8 1 6 9

  • @ahmadobeidat1648
    @ahmadobeidat1648 2 ปีที่แล้ว +6

    I hope you will talk and explain more about the currency exchange market... and thank you for your efforts

    • @petergruffen8668
      @petergruffen8668 ปีที่แล้ว

      Great video right? Wanna meet more likeminded people? Check my youtube bio for more info!

  • @Kim-ur3jk
    @Kim-ur3jk 2 ปีที่แล้ว

    Well done! Thank you

  • @rodolfocorrea2886
    @rodolfocorrea2886 3 ปีที่แล้ว +2

    Are international stocks traded on the NYSE affected by currency fluctuations at the company’s country of origin/operation? Not sure if you made a video about this yet. Thanks for the amazing content!

  • @funtechu
    @funtechu 3 ปีที่แล้ว +8

    I remember looking into forex trading about 10 years ago, and the leverage that they use is just nuts. Leverage of 1:100 and 1:200 are incredibly common.

    • @hurdur6828
      @hurdur6828 3 ปีที่แล้ว +7

      Yeah, as a ForEx traded, 50:1 or 100:1 is most optimal since foreign currencies only move like half of a percent a day

    • @daniel-blessmannjoroge6483
      @daniel-blessmannjoroge6483 3 ปีที่แล้ว

      There is even 1:888

    • @KFGustavo
      @KFGustavo 3 ปีที่แล้ว +3

      that's also common in crypto, which is funny since crypto moves like 10% in a day by itself lol

    • @funtechu
      @funtechu 3 ปีที่แล้ว +2

      @@KFGustavo Crypto is essentially Forex since it also involves the trading/exchange of currencies. When trading crypto you are buying/selling quantities of another currency. But yeah, using high leverage for crypto is just Dumb with a capital D.

  • @ysxninja
    @ysxninja 3 ปีที่แล้ว +2

    About time you covered forex..
    Great video!

    • @ysxninja
      @ysxninja 3 ปีที่แล้ว

      Do a video on futures?

    • @ThePlainBagel
      @ThePlainBagel  3 ปีที่แล้ว

      th-cam.com/video/1Mhk4UHJsRc/w-d-xo.html :)

    • @ysxninja
      @ysxninja 3 ปีที่แล้ว

      @@ThePlainBagel How about leverage? What defines good leverage, and how to use it effectively ?

  • @VTC05
    @VTC05 3 ปีที่แล้ว +15

    I buy Euro annd use Euro to buy dollars for my US stocks portfolio. When the pandemic started I lost 9-10% of my money as the Euro stayed at 4.8 (my currency) and the dollar fell from 4.5 to 4.1 (around 9%). Bye bye couple hundered dollars :(((

    • @honkhonk8009
      @honkhonk8009 3 ปีที่แล้ว +2

      yep. US dollar gonna depreciate a bit.

  • @randybrickson4290
    @randybrickson4290 3 ปีที่แล้ว

    "plethora of other factors" was spoken in this video, a video that I regard as highly informative
    5:24

  • @waynetonbrooks186
    @waynetonbrooks186 ปีที่แล้ว

    Always great content

  • @shivambarke
    @shivambarke 3 ปีที่แล้ว +29

    Love your content 🔥 💯

    • @cindysuber5518
      @cindysuber5518 3 ปีที่แล้ว

      I'd and vice you contact him on mail👇

    • @ankushshah1720
      @ankushshah1720 3 ปีที่แล้ว

      Whatever he is teaching 95% of it is covered in CFA.

  • @TheBeezNeez180
    @TheBeezNeez180 3 ปีที่แล้ว +8

    Could you do an explanation of trading commercial paper and how investment banks make money other than their primary objective of raising capital?
    Love your channel. Severely underrated.

    • @thatcryptoenthusiast4968
      @thatcryptoenthusiast4968 3 ปีที่แล้ว

      Why don't you invest on a more secure forex trading platform that let's you monitor your account yourself and also monitor your progress as well, I trade with Mr Gregory Foster's trading platform and I receive weekly profits

    • @thatcryptoenthusiast4968
      @thatcryptoenthusiast4968 3 ปีที่แล้ว

      Contact him using whatsapp

    • @thatcryptoenthusiast4968
      @thatcryptoenthusiast4968 3 ปีที่แล้ว

      1 3 1 6 3 3 3 7 5 8 9

    • @GeoSebastians
      @GeoSebastians 3 ปีที่แล้ว

      The answer is here : it's not the investments themselves, but the commission on every trade. th-cam.com/video/wM6exo00T5I/w-d-xo.html

  • @maclennanld
    @maclennanld 3 ปีที่แล้ว +3

    I too miss standard Cherry coke being widely available in Canada, everywhere I look they are only offering diet cherry coke

  • @StonekeepNeapolitan
    @StonekeepNeapolitan 3 ปีที่แล้ว

    you rock Richard!

  • @edukationsuccess2622
    @edukationsuccess2622 3 ปีที่แล้ว +7

    Omg I love your content ! You inspire me to start my own TH-cam channel. I want to make video like yours so my channel can look more professional. Do you mind to share with me what software you use? Is it doodle or video scribe

    • @ThePlainBagel
      @ThePlainBagel  3 ปีที่แล้ว +10

      I draw everything myself using GIMP and animate on Adobe Premiere Pro. Good luck with your own channel!

  • @alexnezhynsky9707
    @alexnezhynsky9707 3 ปีที่แล้ว +3

    Sounds like the risk reward is worse than trading stocks. In the long term, all fiat currencies are sinking ships. In your example, when you made $350 on the USD/CAD trade, the USD devalued for a reason, so by the time you sell, you can potentially afford less things with $1350 than you did a year ago with $1000. That's a very extreme and unlikely scenario, but you get the point. All central banks are printing like crazy this year, so you're certainly going to lose if you remain long be it USD, EUR, CAD, etc. You better trade like a pro so you can stay ahead of inflation. See inflation works against you if you hold fiat currencies but it's actually neutral or even beneficial if you hold stocks. But to each his own I guess

  • @sudhanvakashyap297
    @sudhanvakashyap297 3 ปีที่แล้ว

    nice...nice description

  • @wuziwu8148
    @wuziwu8148 ปีที่แล้ว

    If the currency conversion is favourable due to wide margins does it make sense to speculate and concert currency similar to 52 week high/lows? I understand this is speculation but it seems like a low risk high reward investment.
    Any thoughts?

  • @jorge86rodriguez
    @jorge86rodriguez 3 ปีที่แล้ว +3

    I understand in the macroeconomic sense fx has important job to fulfill. My issue with fx as a retail traders is that there is not a centralized exchange, and that is the main reason why there are so many abnormalities in the fx investing world. If someone wants to do fx is safer to do futures there are even fx contracts with all the principal pairs but managed by a centralized exchange.

    • @thatcryptoenthusiast4968
      @thatcryptoenthusiast4968 3 ปีที่แล้ว

      Why don't you invest on a more secure forex trading platform that let's you monitor your account yourself and also monitor your progress as well, I trade with Mr Gregory Foster's trading platform and I receive weekly profits

    • @thatcryptoenthusiast4968
      @thatcryptoenthusiast4968 3 ปีที่แล้ว

      +1 3 1 6 3 3 3 7 5 8 9

    • @thatcryptoenthusiast4968
      @thatcryptoenthusiast4968 3 ปีที่แล้ว

      Contact him using whatsapp

  • @je.m3320
    @je.m3320 3 ปีที่แล้ว

    0:30 yeah we need the fractional shares tooo

    • @chartchampion9144
      @chartchampion9144 3 ปีที่แล้ว

      Thank you for sharing your comments. People have been complaining about a crypto broker that can help in trading. I recommend Francis anthony

  • @fififinance7469
    @fififinance7469 3 ปีที่แล้ว +3

    Thanks for this video. Any advice on investing outside your home country? How often would you normally trade?💪👍

    • @thatcryptoenthusiast4968
      @thatcryptoenthusiast4968 3 ปีที่แล้ว

      I advise you seek a professional to guide you through your trades, I trade with Mr Gregory, he will help you out with all you need to know on how to make profits from forex trading, speak to him directly using whatsapp

    • @thatcryptoenthusiast4968
      @thatcryptoenthusiast4968 3 ปีที่แล้ว

      +1 3 1 6 3 3 3 7 5 8 9

  • @cessmo_kaynush
    @cessmo_kaynush ปีที่แล้ว +1

    So does it mean in forex you buy another currency and wait for it to add value in order to make profit

  • @OfficialAlexWoo
    @OfficialAlexWoo 3 หลายเดือนก่อน

    one of most important factor is the liquidity

  • @Je.rone_
    @Je.rone_ 3 ปีที่แล้ว +4

    I think we all can agree There's nothing more annoying than someone trying to sell you their Forex course or group membership
    The only close to that is TH-camrs who comment on other people's videos to promote their own channel like myself

  • @Alfaomegabravo
    @Alfaomegabravo 3 ปีที่แล้ว +2

    If you live in poor/turbulent country its not a bad idea to have some cash reserves in dollars or euro depending on where you live if you need to flee or to protect against very high inflation. You know before the government limits you from exchanging your local currency.

  • @leprechauninc
    @leprechauninc 2 ปีที่แล้ว +2

    Sir you left out going to your bank where you have a checking account, and ask your banker to switch it.
    When you want to redeem take the foreign currency back, and deposit.
    Your local bank is a safe exchange that isn't going to run away with your money.

    • @leprechauninc
      @leprechauninc 2 ปีที่แล้ว +1

      I left out while the person is in the bank ask your banker to talk.
      This is how I began FX. My bank was there to hold my hand a bit. When I want to redeem for domestic currency that I use day/day I simply brought the cash back, and deposited at the exchange rate that day.
      Bank charge fees. Mine was around 6% Some more some less.

  • @xK9547
    @xK9547 3 ปีที่แล้ว

    Great video

  • @12nites
    @12nites 3 ปีที่แล้ว +23

    "...overall political and economic stability is a key determinant of a currency value..."
    No llores por mi Argentina!

    • @mateovazquez6685
      @mateovazquez6685 3 ปีที่แล้ว +1

      Jajaja, saludos desde Mardel!

    • @user-jj8lz4ki3m
      @user-jj8lz4ki3m ปีที่แล้ว

      Will war and price inflation also affect?

  • @jasonblakehustling
    @jasonblakehustling 3 ปีที่แล้ว +1

    Good.info

  • @adityarathod5330
    @adityarathod5330 3 ปีที่แล้ว +1

    Whatever your name is, i have watched most of your content. AND I WILL BE CALLING YOU ALBERT WESTER FROM NOW ON. Thanks for the money.

  • @robertmccully2792
    @robertmccully2792 3 ปีที่แล้ว +2

    How about explaining after hours trading, how is that possible, and what does it mean to those that can’t?

    • @favourreuben8123
      @favourreuben8123 3 ปีที่แล้ว

      I can tell you all about that

    • @chrissain4710
      @chrissain4710 3 ปีที่แล้ว +1

      If you can't just have a professional do it for you in real-time, learn and earn, best way to grow in investments, although I'd suggest starting with a trader that uses insurance just in case, if you don't know one I can give you the email of the one I've been using all year, she's really good

    • @TheTaquitoProject
      @TheTaquitoProject 2 ปีที่แล้ว

      @@chrissain4710 your person took a shit in front of my door so I would step in it.

  • @ryansedore33
    @ryansedore33 3 ปีที่แล้ว

    Commenting for the TH-cam algorithm

  • @arekkusu888
    @arekkusu888 2 ปีที่แล้ว

    At 1:43 you are showing the symbol of the Japanese Yen instead of the Chinese Yuan.

  • @norvusordoseclorum
    @norvusordoseclorum 3 ปีที่แล้ว

    My man has heard of Albania!

  • @shahzai4202
    @shahzai4202 3 ปีที่แล้ว +3

    dang really wanted to be first, keep up the great videos man, Love it!!

    • @Exachad
      @Exachad 3 ปีที่แล้ว +1

      Close tho

    • @tomlxyz
      @tomlxyz 3 ปีที่แล้ว +1

      Why tho

    • @shahzai4202
      @shahzai4202 3 ปีที่แล้ว +1

      @@tbird81 childhood friend of the plain bagel, I thought it would make him laugh lol. just a kind hearted internet joke lol.

  • @KostasAdamos
    @KostasAdamos 3 ปีที่แล้ว +5

    Dear The Plain Bagel could you please gray a bit your background or something it is way too bright in large monitor. Thank you!

    • @sudhanvakashyap297
      @sudhanvakashyap297 3 ปีที่แล้ว +1

      yes i agree

    • @ThePlainBagel
      @ThePlainBagel  3 ปีที่แล้ว +4

      Appreciate the feedback, I'll be changing my set up soon so I keep that in mind!

  • @user-yc6dc3yg1c
    @user-yc6dc3yg1c 2 ปีที่แล้ว

    Like your video! What do you think about these: 1. FX Liquidity does not matter whether it is from closing a long or short position, it can be taken by MM/banker/any trader to open as a long or short position. Is this statement true or false?
    2. Because FX is a zero sum game, if the liquidity is worth USD$10.01m it cannot be taken one cent more or less it must be digested exactly with the same amount by the MM/banker/any trader. Is this statement true or false?

    • @user-jj8lz4ki3m
      @user-jj8lz4ki3m ปีที่แล้ว

      Can foreign exchange be a stable investment?
      can i ask you

  • @fadyibrahim5611
    @fadyibrahim5611 3 ปีที่แล้ว +6

    Hmmm..... i thought this was all about trading your ex......... not about money.....

    • @jona4385
      @jona4385 3 ปีที่แล้ว

      I mean i did trade my ex for money on a foreign exchange

  • @MrC0MPUT3R
    @MrC0MPUT3R 3 ปีที่แล้ว +3

    Cherry coke is the worst. Fight me.

  • @CrushedParagon
    @CrushedParagon 2 ปีที่แล้ว

    I definitely feel the pain of finding cool stuff in the US living in Canada. I'll get all to the cart before getting hit with $50 shipping and having to reluctantly give up on what I was going to buy because fuck that.

  • @sandraratcliffe6453
    @sandraratcliffe6453 ปีที่แล้ว

    Are you Canadian?

  • @HEWILLRISE93
    @HEWILLRISE93 3 ปีที่แล้ว +1

    But is it possible to go full-time retail trading in forex?

    • @HEWILLRISE93
      @HEWILLRISE93 3 ปีที่แล้ว

      @Frank B Warren ok thats what i needed to hear

    • @samsonsoturian6013
      @samsonsoturian6013 3 ปีที่แล้ว +2

      Only if you're either a degenerate gambler or a High-Frequency Trader with a supercomputer.

  • @nomiscph
    @nomiscph 2 ปีที่แล้ว

    Fun fact:
    Denmarks currency DKK are bound to the EUR
    Before the EUR existed, it was the German DEM it was bound to.

    • @michaeltran2420
      @michaeltran2420 2 ปีที่แล้ว

      I make huge profits on my investment since I started trading with Anna Lawerence , her trading strategies are top notch coupled with the little commission she charges on her trade.

    • @michaeltran2420
      @michaeltran2420 2 ปีที่แล้ว

      You can reach her on tele gram
      her user name is investwithAnnaLawerence

  • @XxpitbulxX009
    @XxpitbulxX009 3 ปีที่แล้ว

    one donut half donut finance

  • @rageoid
    @rageoid 3 ปีที่แล้ว

    I thought Canadians only drank Molson ?

  • @undercoverlord
    @undercoverlord 3 ปีที่แล้ว +1

    Last

  • @leadingauctions8440
    @leadingauctions8440 3 ปีที่แล้ว +1

    Wishful thinking Canada.

  • @robertkacala
    @robertkacala 3 ปีที่แล้ว +2

    US budget deficit soars to $3tn record...more printing less value

    • @thestranger252
      @thestranger252 3 ปีที่แล้ว

      That's why you should not hold USD as your cash lol. To this point it had an aproximative 7% inflation and more inflation is on its way. Compare that to EUR that had a 0.3%...

    • @samsonsoturian6013
      @samsonsoturian6013 3 ปีที่แล้ว

      Dude, it isn't have that simple. Population and GDP go up while money supply stays the same, then DEFLATION will occur. Like it did when Grant was President because there was not enough gold mined to keep up with the growth of the US, so unlimited silver minting occurred.

  • @priestland1
    @priestland1 2 ปีที่แล้ว

    Get an advert from Greg Secker before the video starts.

  • @ashjr59
    @ashjr59 3 ปีที่แล้ว

    Algo

  • @kevindudson2344
    @kevindudson2344 3 ปีที่แล้ว +2

    So the Albanian currency is severly undervalued. Buy buy buy

    • @daniel-blessmannjoroge6483
      @daniel-blessmannjoroge6483 3 ปีที่แล้ว

      Not every undervalued currency or commodity or stock should be bought

    • @samsonsoturian6013
      @samsonsoturian6013 3 ปีที่แล้ว +1

      Currencies aren't stocks. They have no intrinsic value.

  • @grimwaltzman
    @grimwaltzman ปีที่แล้ว

    In any country with volatile currency, foreign ones, mostly USD and sometimes EUR, are the most available way of investing for people with relatively small amounts of money. My "financial cushion" is mostly USD and EUR with only 10% being in my country's currency. So when I see americans talking about how the inflation destroys their savings I often cry on the inside.

  • @roibrycker8897
    @roibrycker8897 2 ปีที่แล้ว

    GV

  • @Nikolleshi
    @Nikolleshi 3 ปีที่แล้ว

    Albanian lek i liked that😁😁

  • @jonathon5075
    @jonathon5075 5 หลายเดือนก่อน

    Apparently some of the big Russian oligarchs got their entire fortunes from this kind of currency exchange with rubles vs. dollars back when the Sovient union fell

  • @MichelleHell
    @MichelleHell 3 ปีที่แล้ว +1

    I got really good at forex after blowing out my account several times. Eventually I decided to take my strategy to crypto without leverage and my strategies worked. My trading strategy wasn't bad, it's just that the leverage will autoliquidated you so you cant HODL through a dip that destroys your equity. But on crypto I can buy, HODL a dip of any magnitude and wait to sell for a profit, even if it is several years.

    • @zoeyluna1352
      @zoeyluna1352 2 ปีที่แล้ว

      I make huge profits on my investment since I started trading with Anna Lawerence , her trading strategies are top notch coupled with the little commission she charges on her trade.

    • @zoeyluna1352
      @zoeyluna1352 2 ปีที่แล้ว

      You can reach her on tele gram
      Her user name is investwithAnnaLawerence

  • @papajohnsuk5965
    @papajohnsuk5965 3 ปีที่แล้ว

    video proves its point when u have forex trading ad b4 for only '$299'😅, people suck

  • @kilppa
    @kilppa 3 ปีที่แล้ว

    Money printer go brrr

    • @chartchampion9144
      @chartchampion9144 3 ปีที่แล้ว

      Thank you for sharing your comments. People have been complaining about a crypto broker that can help in trading. I recommend Francis anthony+ 4 4 7 9 8 4 3 7 8 1 6 9

  • @floxy20
    @floxy20 3 ปีที่แล้ว

    Like the casino which offers roulette, poker, blackjack, craps, etc. the money world offers currency trading, which the average retail investor should stay the hell away from. The U.S. portion of my stock portfolio pays my dividends in U.S. currency. That's enough of a hedge for me.

  • @albertmartinez8529
    @albertmartinez8529 3 ปีที่แล้ว

    Have fun trying to earn money on forex with fundamental analysis

    • @devilex121
      @devilex121 2 ปีที่แล้ว

      The goal for MOST people is not to "earn money" but rather to have hedges against various currency risks and further diversify their portfolios. You'd need to be using HFT algos in order to even consider making consistent returns on FX trading alone.

  • @antheman5156
    @antheman5156 3 ปีที่แล้ว

    Great knowledge and content.
    You should do one about Bitcoin next

    • @PR-ek9jl
      @PR-ek9jl 3 ปีที่แล้ว

      If you want to learn about Bitcoin visit "Simply Explained" or "99 Bitcoins". Those channels have a lot of content on BTC and cryptocurrency. Don't forget to subscribe so you'll get more content, but I'd suggest you'd learn through an expert, was how I started my portfolio, now I'm 60% BTC, 30% ETH, 10% ADA & XRP. I can direct you to my broker, she'll set you up real good

  • @aqua7222
    @aqua7222 3 ปีที่แล้ว +1

    I’m 5th 😀

  • @lennonSystems
    @lennonSystems 3 ปีที่แล้ว

    The best currency is ILS (Israeli New Shekel), I recommend you looking for it.
    I’m living here and never change it to anything else, everything else has horrible inflation.

  • @taylorlee2147
    @taylorlee2147 3 ปีที่แล้ว

    Smashed the like button on this . Several intelligent people are terrible investors because they face the market with untrained psychology and untamed emotions. . You need to keep raw, irrational emotion under control.

  • @graymars1097
    @graymars1097 3 ปีที่แล้ว +1

    Jesus Christ
    Plain bagel 🥯 is there anything you can do as the owner of the channel to get rid of these spam comments?! Not complaining just really asking for help

    • @ThePlainBagel
      @ThePlainBagel  3 ปีที่แล้ว

      Yea it's been pretty bad lately...I'll reach out to TH-cam and see if they can provide a solution.

  • @JuanRodriguez-be1vf
    @JuanRodriguez-be1vf 3 ปีที่แล้ว +1

    Great content!
    Whoever dislikes this, is probably a TikTok'er....

  • @MrTable-sk9bh
    @MrTable-sk9bh 3 ปีที่แล้ว

    I'm surprised I don't see any scams in the comment section.

  • @hellomate6079
    @hellomate6079 3 ปีที่แล้ว +1

    How to become a Forex broker?

    • @favourreuben8123
      @favourreuben8123 3 ปีที่แล้ว

      I can tell you all that

    • @samsonsoturian6013
      @samsonsoturian6013 3 ปีที่แล้ว

      There's degree requirements and certification tests and THEN you get a job at a brokerage.

  • @finance3660
    @finance3660 3 ปีที่แล้ว +3

    From india - Like

  • @nate4this
    @nate4this 3 ปีที่แล้ว

    Aboot

  • @dumolollen7676
    @dumolollen7676 3 ปีที่แล้ว +4

    😬😬😬😬 1$= 75 rupees in India

    • @knockhello2604
      @knockhello2604 3 ปีที่แล้ว

      :/

    • @gabbar51ngh
      @gabbar51ngh 3 ปีที่แล้ว

      Dollar is world reserve Currency. Rupee is from Socialist india

    • @samsonsoturian6013
      @samsonsoturian6013 3 ปีที่แล้ว +1

      @@gabbar51ngh India is many things, but you know that ain't one of them

    • @gabbar51ngh
      @gabbar51ngh 3 ปีที่แล้ว

      @@samsonsoturian6013 it is Socialist.

    • @samsonsoturian6013
      @samsonsoturian6013 3 ปีที่แล้ว

      @@gabbar51ngh liars burn in hell with their tongues removed.

  • @mephistoss238
    @mephistoss238 ปีที่แล้ว

    Rip euro

  • @butterfacemcgillicutty
    @butterfacemcgillicutty 2 ปีที่แล้ว

    You can't get cherry coke in Canada? That sucks

  • @trureality7196
    @trureality7196 2 ปีที่แล้ว

    s

  • @Argenswiss
    @Argenswiss 2 ปีที่แล้ว

    funny how in the US and Canada forex is irrelevant for your average Joe, meanwhile even 10 yo kids in Argentina know that for us buying dollars is pretty much a cheat code investment

    • @Argenswiss
      @Argenswiss 2 ปีที่แล้ว

      if you are planing to stay here of course

  • @tubanbodyslammer9125
    @tubanbodyslammer9125 3 ปีที่แล้ว +3

    I heard forex is just a money pit

  • @luisriba8082
    @luisriba8082 3 ปีที่แล้ว +4

    80 percent of trading is about psychology. The 20% you figure that out ..

  • @pragmatiste
    @pragmatiste 2 ปีที่แล้ว

    Just short Turkish liras until 2023 june. Trust me guys it's been proven for 20 years.

  • @bhargav7476
    @bhargav7476 3 ปีที่แล้ว +2

    In the next 50 years, after WW3 lead by the USA and China, I think there will be one global currency system. This idea has its pros and cons, Economics Explained has a great video on this topic

    • @alexnezhynsky9707
      @alexnezhynsky9707 3 ปีที่แล้ว +2

      A lot of traders will lose their "jobs"

    • @gabbar51ngh
      @gabbar51ngh 3 ปีที่แล้ว

      China will fall apart before that happens

  • @JMax-ip4io
    @JMax-ip4io 9 หลายเดือนก่อน +2

    Having earned thousands of dollars in the trading market, I dare not doubt the profitability of the cryptocurrency market. Get a weekly income of 10600 euros even in this time of recession and high inflation. Britney is doing a great job, She is the right woman to lead the investment business.

  • @kennyking9667
    @kennyking9667 3 ปีที่แล้ว

    Nigerians

  • @nicolastorres147
    @nicolastorres147 2 ปีที่แล้ว

    13:28 r/unexpectedfactorial

  • @loveanimals-0197
    @loveanimals-0197 3 ปีที่แล้ว

    YAAAAAWN.