39 Comments

  1. The way to make money on Forex is to create a completely artificial account and because your not posting live you can just make up the success and losses as you go. Of you make it look as plausible as possible you can start a YouTube channel and make money from people who are constantly looking for a get rich scheme. Then if your really good you plagiarize material that has been available for 50 to 60 years and just millenialize the presentation. Fo a bunch of advertisements in front of rented luxury items that you pretend are your property to gain a larger YouTube following. Then you can sell specialized trading strategies that offer zero guarantees but are hyped up. This is the way that people have made millions. I used to say that if one person studies the Amway multi level marketing strategy and saw it for what it really was they could be successful at anything they did. Meaning what it takes to make a million dollars in Amway a person could sell hot dogs in New York and with the same amount of effort they would end up the biggest hot dog salesmen in the world. If a person found an actual way to make gold from lead they would never write books to teach others how to do it. They would be hidden away somewhere gathering as much lead as possible and churning g out hold as silently as possible. Never once have I seen anything but common sense investment information. Eg..
    If you have. A hundred dollars and make ten dollars a year from your investment, of you spending that ten dollars you will never compound enough money to make a ten percent yield on a principle higher than the original 100 dollars. So to be able to grow you have to leave all winnings alone and build your principle so that one day your making that 10 percent yield on 1k dollars. Duh no shit. Everyone also knows about leveraging also. Yeah I can invest 1k dollars that I have borrowed which is better than 1000 I own. But I am still in the hook to for the borrowed 1000 dollars. If I have 10k dollars that doesnt meaning can day hey smith Barney I'd like to buy 100k of apple today go ahead and make the purchase. They will only do that if you have 100k in their bank that they can freeze the moment your portfolio heads anywhere close to 100k. So if I have 125k portfolio and another 100k in CDs or something they can quickly freeze and liquidate they won't make theb100k apple stock purchase. Yeas leveraging is simple to understand when it comes to real estate. 100k house. I could use my100 k to purchase and sell at 125k for a 25 % return if it happens within one year. Or I could putv10% down 10k borrow the 90% left from the bank. Sell at 125k minus say 1000 in mortgage origination fees. So I make 24 k in one year on a 10k investment. Well that's 140% on the 10k investment.
    What I want to see is someone do some real simple shit. Here is a separate acct created just for this example.
    The guy takes 1k usd
    He says were gonna study this pair. USD to EUR
    Here is day 1 through 30.
    I think it is going to head this direction on day one of this investment experiment.
    The statistics are such and such at this time and I executed here at this point. My sell points to prevent loss are hear and my sell point for profit is here.
    Day 2
    Ok this is what happend. We won this much or lost this much.
    Day two strategy for same pair.
    Buy here sell here.
    Day three: This is the resultanof Day 2 and what were gonna do on day 3. And so on and on and on.
    Day 31 experiment is over. We were wrong here we were right here. We lucked out here. We made this much or lost this much over alp. Plain and simple.
    I have yet to see a video like this.

  2. 100$ is 0.4% of 25000$. 0.4% after compounding by 240 (work days in a year) = 260%. You’re telling me an average trader is gonna be pulling in a 160% gain annually? Top level fx traders bring in 25-40%. This is complete bullshit. This is the reason why over 90% of fx traders aren’t profitable… just because you got a 15% gain yesterday with your S&R doesn’t mean this will keep happening. Just wait till that one trade wipes you and your poor risk management out…

  3. well i’m a college student lol and i know how to trade ( no need to post my MYfxbook) but 100 a day is not far fetched. especially with 3k-5k. you must know what you’re doing though.

    i’m a commuter as well and plan on staying with parents until i save up a lot of money/graduate so yeah😬👍🏽

    but what you’re saying is correct and the right way to go about things.

  4. Trading 5 days are bad for me. Mondays only pop opening sessions, Tuesdays are my best. Weds/Thurs swing Trades haven been a crapshoot lately, Fridays always suck. I may need to try different pairs and strategies but considering the fact that losing money is part of the learning process I find it hard to remain in the green overall, and Ive been doing it off and on for a few years now. Thus far the more often I trade the worse I perform. Up $300per week is killin it in my book. And thats trading below an $8k account. I don't think it's wise to have a $25k account without a consistent successful edge making small money. If I had a $100k account id be happy to risk less than 2% and still make $500wk on few trades off smaller spreads.

  5. Wow if that's all you can make off of 25k that person must have very poor strategies, just Scalping alone you can make that in a couple hours off of a a 25k account, who wants to just make that much in a day though if they're day trading.

  6. Bro what about leverage ? why taking other peoples money when you can easily take leverage . On $200 if you take 1:200 leverage from your broker , than you can trade the lot size of $40000 . Why aren't you talking about how people can take leverage which is a really good option as well ? Please answer bro . looking forward to your answer to that .

  7. This guy knows what he's talking about. This is a low risk strategy that will ensure you don't lose money once you stay focused. At this point you're not gambling, but doing calculated risks.

  8. at least this break down is more realistic , my question is more on the side of the brokers behavior that seems like most of them are trading against you plus spread and commision making so hard to win from marketsthis day .

  9. How much you put in your actual account should only be what you need to trade your strategy. No more otherwise you will just overtrade and gamble. Keep your money in long term investments and take profit out of trading accounts. Brokers give us huge leverage, use it to your benefit.

  10. Probably one of the most honest and realistic forex trading video on YouTube. For those who saying making 10-20% a week (not saying about those who saying about those returns a day…) , just imagine you have 10000$ and able to manage 10% a week for 3 years taking only 50% of profit out of your account, what’s going to happen? You should have 11 millions bucks by the end of 3rd year, and made the same number in clear profit, so 22 million dollars total… do you think anyone ever made it ? Answer- “FCk NO” . This video shows clear reality for those who want make money for the living by trading . If you do in average 2% a week or 8% a month it’s just perfect return, and you have to understand how to trade to do it for the years… take 100000$ account and do your 100000$ a year, it’s more then enough to have a good living in most places . If you’ll think about those millions returns and disrespect risks you’ll burn your account sooner or later, or burn your time making 0$ for a long run . Be smart!

  11. How about fees, taxes etc.. Need a breakdown of extrapolating the 100$ profit in terms of what actual trade needs to be taken ( after we consider fees, taxes, software, data feeds etc).

  12. YOU DONT NEED 25k TO MAKE 500 a week that’s ridiculous, if you know what you’re doing you can do that with a 5k account risking 1% a trade, 2:1 ratio 10 trades a week which you can do that trading part time….. know you’re risk and position management and you’ll be good, an idiot with no market experience can make money if you have good risk management.

  13. Love the video bro. Hard truth that many trader need to believe. For those who can make 10% a day tell me when you can buy a lambo. I know there are some trader that can make 10% a day in the long run but they are hard to find million in one and slave with the computer.

  14. You can do 100$ with only 100$. 100% a day is really possible, for example you're starting with 100$ and try to do 100% a day for let's say 7 days, than you have 12k.$ But it works only with great, big trades with big risk, BUT IT WORKS.

  15. Good video and I saw one or another interview with other successful traders which have said something similar. For a single person 25k would be a decent start.. if you have a family to take care of, with 40-50k it could be possible to make a living. But my opinion is, even with 50k it is still a lot of pressure. So maybe 75k would be better. Most people underestimate a real losing periods where you have to take a vacation to get some distance.. do you agree to that?

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