Fortune Seekers | Planet Finance (3/6)
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- Опубліковано 11 сер 2023
- Planet Finance is a mostly unknown, adventurous and also attractive world for the retail trader. In Japan, you won't get interest on your savings for decades. Entering the foreign exchange market is then a low-threshold step. 'Mrs Watanabe' is a collective name for the one and a half million Japanese individuals in this market and a household name in the shiny towers of Planet Finance. But on the foreign exchange market, the value of one currency always rises or falls against another. Where one wins, by definition someone else loses. It's a Zero Sum Game. Who wins when you lose?
In this six-part documentary series, Marije Meerman takes you to Planet Finance. Who live and work there? What language do they speak? What is the use of this planet, and what makes this financial world so attractive to so many people?
Written & directed by Marije Meerman
Research: Marijntje Denters, Aya Asakura, Maarten Mosselman, Marlise van der Jagt
Cinematography: Matthew Allard acs. Anna Howard acs. Pim Hawinkels, David Woo
Sound: Edan Mason, Philip Myers, Benny Jansen, Skirmantas Ivanauskas
Editor: Michiel Hazebroek
Field director: Japan Aya Asakura
Archival research: Barbara Kist, Paula Witkamp
Visual & data design: Femke Herregraven
Motion design: Mark Visser, Jeroen Schellekens
Music: BJ Nilsen
Sound design: Tim van Peppen
Voice-over: Alice O’Connell
Colourist: Rachel Stone
Finishing: Jan Jaap Kuiper
Datahandlng: Watse Eisma
Online editor colour grading: Yannick Elferink
Producer colour grading: Marja Paeper, Remco Smit
Interns: Athena Potamianos, Julia Baud, Margeaux Abeyta, Malou Sandig, Piet Ruig
Camera Assistant Kezia Holland, Kyle Stephens, Taro Irei
Production assistant Pieter Wibaut
Line producer: Olivier Schuringa
Line producer: ZDF/ARTE Katharina Krohmann
Executive producer: Zoë de Wilde, Julia van Schieveen
Coach tot he director: Maaik Krijgsman
Commissioning editor: zdf/arte Türkān Schirmer, Frederic Ulferts
Head editorial department: ZDF/ARTE Martin Pieper
Commissioning editor VPRO: Barbara Truyen
Thanks to Hiromi Kanagawa, Takaya Torii, Grant Wilson, Ryan K. King, Phil Dobbie, Frank van Zegveld, Kim Attrill, Junichiro Hashimoto, Taro Irei, Amir Kamrani, Noriko Hama, Pablo Nakaichi, Daniel Leussink, Tsuyoshi Kitamura, Tomoyo Okamoto, Urumi Nozawa, Hiromi Yoshimura, Shoko Hamamoto, Michuko Kikuchi, Mariko Suzuki, Daan Wierda, David Kleijwegt, Reinier Zoutendijk, Diederik Plas, Mariska Schneider, Sharon Yosef, Vian Paashuis, Brigit Dopheide, Petra Vermeulen, Marleen Stikker
Archive: Japan Coast Guard, Official JPX Group Channel, Kino
Nippon Television Network Cooperation, AP Archive, Miyako City Office, Getty Images, CNN, ErathUncut TV
Presale: VRT
Planet Finance is produced by VPRO in co-production with ZDF and in collaboration with ARTE
This series was created with the support of NPO-fonds & CoBo
© VPRO & ZDF 2023
VPRO Documentary publishes a new subtitled documentary every two weeks, investigating current affairs, finance, sustainability, climate change or politics. Subscribe to our channel, and we will be delighted to share our adventures with you!
This Channel is part of VPRO broadcast. Make sure to visit our additional youtube channels:
VPRO Metropolis: / vprometropolis
VPRO World Stories: / vproworldstories (no longer active)
VPRO Extra: / @vproextra3443
VPRO VG (world music): / vrijegeluiden
VPRO 3voor12 (alternative music): / 3voor12
VPRO 3voor12 extra (music stories): / @3voor12extra7
More info at www.VPRObroadcast.com
I'm interested in investing, but I'm not sure where to start. Do you have any advice or contacts who can help me out?
Investing can be complex, so it's smart to get professional guidance when building your financial portfolio.
It's a great idea to have a conversation with financial advisors like Naomi Dean to reshape your portfolio.
I spread out my $25k portfolio across various markets to diversify my investments.
That's awesome! I ended up making a net profit of about $115k by investing in high dividend yield stocks, ETFs, and equity.
I keep hearing great things about Naomi Dean! She must really stand out for people to speak so highly of her.
After 8 years of trading
My advise would be this
1) learn the basics
2) test out different strategies that work for you (you not your mentor)
3) back test
4) demo the strategies that are working for you
5) stick to one strategy after testing a few
6) ensure your profitable on demo
7) move to real acc and fund a small amount like 100usd/gbp or whatever your currency
8) work on your psychology until your profitable
9) there’s no holy grail strategy, they all lose trades. That’s normal
10) there’s no other trading skills physically, it’s all an emotional game and your mind has to adapt to the market way of doing things
11) remember it’s 80% psychology and 20% strategy
That was my journey
Wish you all well
@@Junperf Definately not easy
Took me 8 years
🤗
My friend you forget the most important, risk management.
@@Devinecreatureohh really that's hard work,but which strategy do you use currently
Hi! Where the basics can be found? TNX
What they don’t talk about is that “GURU” may be a profitable trader. But that watch she bought was from the people who buy her books and take her classes. Which is why she immediately posted that watch when she bought it. They become dream sellers unfortunately
While we're just eating, sleeping, learning or simply having fun with our everyday life...ferocious battles take place 24/7 on Planet Finance. Crazy. Scary too.
Lol
As a professional futures day trader I actually found this documentary to be quite accurate, especially in terminology and the issues traders face, even professional traders, nobody is immune to it. The best line that I likes went something along the lines of “traders are professional risk managers” - this is the reality of it, it’s all about psychology and risk management, the instrument doesn’t matter nearly as much. There is a misconception that trading requires constant prediction of where the market is going but the reality is that the most profitable traders success rate ranges from 20% to 50% depending on strategy (meaning 2/10 - 5/10 trades are profitable, the rest are losses)… since the market is UNPREDICTABLE (anyone who says it is just doesn’t understand that they are wrong), profitable trading is effectively professional gambling but the magic is in the math that makes it work - the other line that I enjoyed is “risk can be managed but uncertainty is unpredictable”. You use the risk to your advantage! Small losses, large profits, randomness, and meticulous management of one’s psychology - the reason most traders lose is not because they don’t predict where the market is going, it is because they either try to predict (rather than think of it in terms of probability), or they lack emotional/psychological consistency and everything else that comes with it. It’s surprisingly challenging for such a simple equation.
I absolutely live for it.
bro what?😂
fact is everybody wants to get rich
these documentaries are stellar, certainly one of the best on youtube. actually, cinematography-wise i dont think there is any competition. thanks for providing such high quality content on youtube.
they are made by the dutch BBC
And what did you actually learn? If anything?
@@BlackRain_ for me not that much. but this field is within my interest. only the way how they could insure wildfires etc was pretty new.
@@BlackRain_ everything we do is a balloon
💯
Wow, this documentary was absolutely captivating! The cinematography in this film is top-notch, and it truly added an extra layer of depth to the storytelling. I was hooked from the very beginning, and the visuals just enhanced the entire experience. Kudos to the creators for their exceptional work in bringing this story to life. Can't wait to see more from this channel!
Basically the only thing that I'm looking forward to with anticipation on YT is this series. Amazing! Well done!
😂😂😂
Documentary about japanese retail traders is incomplete without mentioning CIS and BNF in it. This is traders is revered as heck and legendary there.
They are stock traders not FX right?
@@MRT-co1sd still a trader. Make no difference for me.
yep@@MRT-co1sd
@@MRT-co1sd Yes, thatz another ball game altogether.
In case you guys donno, BNF was offered a multi billion dollar job as a trader for Softbank but he rejected it! Masayoshi Son wasn't pleased as BNF is the ONLY ONE he cannot suppressed and threatened.
How good is this series! I can't stop watching!
Such a well-done series!
Get your mind right FIRST. Take a YEAR to learn how the Markets REALLY work. Relax. Deep Breath. Execute
Research Steve Mauro to understand exactly how the market makers business model really works and how you can profit from this
thank you so much, i was looking for somithing sort of this kina documentry always to lift my spirits up. thanks again
Such a great series. Very nicely documented
I hope more people watch this series. Outstanding show and information!
As a forex trader and a lover of Japan, this is my favorite episode so far!! :) ❤❤❤ 9:38
thats interesting how is trading how many years have you been trading?
any lesson for us to be good in forex, i just started. can i really make fortune? i hate 9-6 jobs
@@powerball200expect it to take 4-5 years for you to just become profitable. Fortune starts from there. Keep your account very small like 100, 200$ and try to grow it using risk management, by risking no more than 1% on a trade. See you in 5 years ;)
@@powerball200you definitely can. first thing to keep in mind is that there is no need to sign up for courses that says they have the best strategy in trading because more often than not, its BS. All the resource you need is just on youtube or in babypips(its a website). then keep practicing, but dont let go of your job unless you have a years worth of spending money to ease of the financial pressure in trading. The technical part in trading is pretty easy, the mental/psychological part is the DIFFICULT part.
the barrier to entry for forex trading is so low that anyone with some money, device and internet can start trading but the success rate is very low too. You can teach 10 people the same strategy but unfortunately, only 1-2 will be profitable. Of the many facets of FX trading, psychology is the hardest to master
You have done amazing work ❤️
Thanks for sharing this profound knowledge on UA-cam, hope we all get value out of it
Good documentary for aspiring traders
As far as i can say, you can make $100 in just about 3 minutes with $240 invested and it could be the vice versa
Am trader and this is so inspiring ❤❤❤ life is a journey
Just for People who are watching this and not an expert. You can be a drawdown or loss with the amount your Annual Salary or like your life Savings. So be sure of what you are doing is already a loss. Japanese Market is the primary Open of the Asian Session. Always be aware to follow thru the trades from New York and close your trades in the London session . Every Session is not the same
Or just swing trade. What you just said only matters if you're day trading. If a currency is meant to appreciate, it is going to appreciate regardless overtime. Sure unexpected events do happen, but that's not a constant problem.
This also shows how trading is not for income stick to your day job or start your own thing. Also fundamentals are first!! Had she known that ECB were having a Monterey meeting she would've understood before the market started to move.
News is the last thing a trader needs. It distracts from the truth.
Love it👍
Fantastic videos excellent
keep thinking that trading is about predicting prices and you will be in the 90/90/90 club
You don't need to be the smartest or the fastest... you can take your time, use proper risk management, and trade longer term. Not complete with banks and institutions.
90 % of retail traders of forex loose, that is the fact
The hardest aspect for new students to assimilate is that even if you follow all your rules perfectly and see the perfect pattern the trade may not be profitable. You need to embrace uncertainty on individual trades and learn to base results on series on trades. If you know your system is only 40 to 50% profitable, then you will hopefully not risk more than a very small percentage on each trade.
Also, if she is a professional why is trading before a interest rate decision?
The Nail Salon owner is definitely not a professional Trader, hence she only lost 25 Euros on her rookie trade in EUR/JPY.
@@ma2i485 yes, but shouldn't the other more experienced woman have told her not to trade before an interest rate decision?
she is not a professional as it seems. even novice traders tend to watch for high impact news like interest rate decision
if these people think they can trade for ex based on technical analysis , it is fine for them . However , once extreme news come , no indicator will be able ti explain the extreme volatility as most indicators are lagging not predictive
It’s a zero sum game like they say, so the money the Mrs Watanabes ‘lost’ went to the big institutions who had a hotline to the FED so shorted the market. ie they pocketed the losses…..you couldn’t make this up.
Eagerly waiting for the 4th installment
People in high places had access to fed info, but normal people can watch volume and have seen it coming especially when it rushed back to the old support and held for 3-4 days before spiking back up in terms of usdjpy into april.
Technical analysis god
Amazing series, but I'd love to explore some things in more detail - like, why did yen actually went up after the earthquake. Can someone pls explain?
Flight to safety. Japanese investors are a huge piece of the pie representing foreign investment in US assets (stocks, bonds). When their risk appetite rises, the yen falls (because they have to sell yen in order to purchase or invest in foreign assets). When their risk appetite goes down, the yen tends to rise (because the Japanese sell out of their risky investments and purchase back their yen in the process).
all the new knobs chasing tiny gains with no plan or strategy...great vid.
What do u propose?
@@TechnoViking__ always depends on your own situation. We are long to build and stack. Understanding the difference between grocery profits and life altering wealth is the difference.
Gordon said "Greed, for want of a better word, is good"
But all the money in the world...
In a nation familiar with Tsunamis for thousands of years, which documented their extent with stone warning pillars centuries ago that literally read "do not build below this line," they call the next Tsunami a "Black Swan event" and build below the line. All humans are like this everywhere.
Not like any other culture is immune to being human, big boss. The US builds entire suburbs in floodplains, tornado alleys, hurricane regions, fault zones, forest fire prone areas, boom towns destined to become bust towns. Or consider how in some places in the world they still build cities at the feet of volcanoes. Like the video said, things seem fine and stable until they are not. Whether it's once a decade, once a century, or once a millennia, the logic of "it hasn't happened in so long, what could go wrong." All of our cultures have actual proverbial tsunami lines that we ignore at our peril. What could go wrong to ignore history, to let the ruins overgrow until we have forgotten them? What are some things besides natural disasters we have all too quickly forgotten? It happens basically the same each generation with war as well. Humanity will never learn sir, has noticing specifically to do with Japan.
@@subcitizen2012 It wasn't targeted at the Japanese per se, but just an example of a universal human trait. Our contemporary milieu is perverted by a hypervigilance so overratcheted that every comment requires a caveat, and even then remains suspect. There is no common grace to see the universal in the specific...every ensample of folly carries with it the presumption of targeted bias. This mentality is a vomituous straight jacket always on the prowl for blood even when none has been shed.
37:00
Management said to call it a day.
only in Japan you'll see employee waiting for the boss to tell them to call it a day during an earthquake
Fvking slaves.
Trading Psychology is necessary.
as Trader who has been in the market for years I can say that starting with Forex to trade as a beginner is worst Financial Decision you can make
Markets can take way fortunes the same way they can make. Its up to us.
I'm very much interested on those indicators on the chart and what they are used for. Only the 2 on the RSI
Don't
@@revertaxunix9373 why not
“Today as always, men fall into two groups: slaves and free men. Whoever does not have two-thirds of his day for himself, is a slave, whatever he may be: a statesman, a businessman, an official, or a scholar.”
― Friedrich Nietzsche
So people who work 8 hours a day are not slaves?
@@daRich_Xwhat you think
There wasn't enough emphasis on the impact of excessive leverage in forex markets.
Hello from Philippines
Where's the data I should be looking at?
forex trading is pure gambling, only ones making money are the so called "instructors" that running courses to "teach". Pathetic.
Edge 'u' Cated gambling
There is a difference once u have an edge
That thumbnail caught me off guard, uncanny stuff!😂
Don worry we were in together
Why not try out with a mock account first...
2:30 location of the temple anybody knows?
Hi im from indonesia.. saya sangat beruntung karena adanya leverage.. saya saya trader kecil atau disebut trader uang coin receh ... saya bangga bisa jadi pialang saham sebagai profesi sampingan .. aku dulu berfikir jadi pialang sahamm adalah pekerjaan yg sulit bagiku..ternyata tidak setelah ada sistem leverege❤😊
Leverage itu apa ?
@@Time_Traveler642 leverege itu sebuah daya ungkit ..dimana kita bisa bertrading dg modal yg minim ..
Contoh $100.. kita bisa melakukan jual beli mata uang dg Lot 0.01--0.1
Karena adanya leverage .kalau tidak ada leverage kita tidak bisa jual beli mata uang ..karena uang kita hanya $100.. setidaknya kita membutuhkan sekitar 200juta di akun Securitas kita untuk bisa berdagang dg Lot 0.01--0.10 di market konvensional...
Leverage adalah daya ungkit dimana disiapkan oleh broker untuk bisa bertransaksi di market derivativ tanpa harus deposit 200juta..
Dana daya ungkit kira sudah ditanggung para broker derivativ tersebut
Never mind that the LIBOR was being fixed before we traded in the 2008 - 2011
15:24 Honma Munehisa❤❤❤
@vpro. Your documentarys are art. But @19:00 they are showing eur/usd. translation is gbp/aus. ? what is going on!
I just want to tell them they don't need all those indicators confusing up their charts.
One of the most beautiful thing human being has ever created is the forex market. The more you understand it aspects the more you love it and admire it's creators.
This series is serious. If you're an American Taxpayer and Patron get in on some of that MONEY
the thumbnail is almost as scary as the market
You can be a successful retail trader you just gotta work hard until you finally get it!! an it doesn’t matter if it’s 6 months or 6 years it all depends on you and You don’t of to be the fastest or the smartest either I didn’t even finish college!! and I mastered my skills in trading I didn’t pay 💰 for any courses either I learned everything on UA-cam for free!! It’s all about working hard and being consistent and creating your own strategy!!! And you don’t of to be the best trader ever to be profitable!! once you can get great entries your unstoppable it’s that simple!!!
Why do i feel mrs.watanabes DONT use STOPLOSSES?
It’s also the first country where you get NEGATIVE interest in one’s SAVING!! Their GOVT want the people to be on the GO 24/7!! Nothing much different since the introduction of the rail roads.
New traders are very emotional but it isn't like that for the risk adjusted seasoned trader
5:56 Mayuyu❤
There's more volatility in the stock market just saying. Know the difference
Stock market is like putting your balls on the table and pulling them off a second before another trader can cut them off.
😂
u dont have any other thumbnail dude?
God... This video basically shows an entire group of housewives that defend their own currency ??....
This is isn't what I expected from this video
❤
Planet Indicator😹😹😹
Mrs. Watanabe is still under the control of Mr. Watanabe. Oh…the irony.
Mrs. Watanabe needs to not trade during ECB news.
I don’t agree with the brokers statement yu don’t have to risk 3000 to make 10000
bro the thumbnail gave me jumpscares.. wth
Planet Finance,....A world full of monsters
Never trade without a stop loss order. :p
She had a stop order but she held her grades over the weekend. The market was also too quick for her to react. As soon as the earthquake and tsunami hit, the yen lost value. When the power plant hit, it caused speculation of a national disaster which would force Japanese companies to repatriate assets back to Japan since they mostly hold foreign assets. When the markets opened Monday morning, the yen opened like 3 yen down against the USD. That’s a HUGE weekend move. Her account wasn’t just wiped up she owed money after because her account couldn’t be liquidated.
"Whatever loans you give, ˹only˺ seeking interest at the expense of people’s wealth will not increase with Allah. But whatever charity you give, ˹only˺ seeking the pleasure of Allah-it is they whose reward will be multiplied." "Qur'an - Surah Ar-Rum 39.-th ayah"
24:50 hard to watch 😅
Like a horror scene 😂
@@HBill”If I jump ship now” 😂
@@shxttyfx this will be a pointless gamble. I am being manipulated 😅😅.
Money isnt real. Dont chase it. Youll win more.
Love this documentary. I trade forex, there're good times a really bad times, you can lose your shirt and go very broke as fuck.
Regarding the Japanese retail traders doing their trading from brokerage firm software and being extended credit - margin account. Here you are truly the "dumb" money. When you use the brokerage's free money, you are being led to the slaughter. Trading on margin allows leverage to earn much more, but inversely, when a trade goes against you, you are wiped out and are involuntarily liquidated. Never trade on margin and never take a position that represents more than 2.5-5.0% of your working capital. Had the japanese trader kept to these axioms of trading, she would not have lost all of her money.
Leverage doesn't matter, position size does.
I am Maximus trader
Doom coming for mrs wantanabee
Great documentary but given that she didn't even begin checking the forex news before trading the euro is....I mean eventually you even know which days of the week and time you should be double checking that before entering any trade. Yeah here's a financial tip for you all, don't buy her book or course.
I bet She Makes More Money by Selling Courses by leveraging on People's Inability to Make Profit, then she Have had made in her entire Trading Course
WE ARE LIVING MATRIX PHYSICALITY MATERIALS EARTH REALM, WHERE EVERYBODY(99%) IS ENERGIZER🔋 BATTERY UNIT. ONLY THE 1% OWNER THE 99% IS THE WINNER🏆.
Great video, but no person in debt should ever be encouraged to trade Forex. With leverages involved, and without a hefty account capabe to witstand sometimes wild fluctuations and avoid margin calls, this is akin to plain gamble. In short, recipe for disaster. Hope she was lucky, although luck is the last thing one should depend on trading foreign exchange...
u don't need GOD's help to earn in forex...u just need insider info & super fast algo machines
❤❤❤👌👋👍
Praying to the demon Mammon won't save you
It is scam, how can japanese yen rise, when there was disaster
The Japanese FX "Trader" selling courses is a scam. I don't know anyone with edge selling courses. They guard that edge with their life.
I lost over $20k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that’s what everyone said. I’m still responsible. it just taught me to be a better investor now that I understand more of what could go wrong, it took me over two years of being in the market, I’m really grateful that I found sources to recover back my money, at least $3k profit weekly. Thanks to Annette Margaret. She help me manage my portfolio from $5000 to $8000 on weekly basis.
As a long only equity investor managing client's money, I can tell the only winners in trading are brokers.
People are absolutely stupid to speculate on borrowed money, it's an addiction that needs therapy.
Couldntt have sad it better making money of others tragedy,and suffering
first here
Trading is a zero sum game. No new wealth is created.
so?
@@marketwizard1977 he's right. Get over it
Poker is a zero sum game, derivative markets are a zero sum game, equities markets, however, are not. Companies raise money by selling stock which then funds investment which then creates profit. The profit is reflected in dividends or capital appreciation of the share price (or both). If the company retains profits (retained earnings) shareholders can sell and realize capital gains.
On the trader v trader level, because trades are made on the basis of future expectations, and traders have different preferences for risk, a trade can be mutually beneficial. Investing longer term is a positive-sum situation because capital flows facilitation production, and jobs that then provide production, and jobs that then provide savings, and income that then provides investment to continue the cycle.
Also, because the stock market goes mostly up in the long-term. If you sell shares and realize a profit, it’s not somebody else’s loss. The productivity gains make us increase output and living standards. If someone had to have a loss for someone else’s gain, the stock market would not be able to rise over time. Short-term trading can be referred to as a zero sum game when accounting for slippage and commissions.
SHE MAKES MORE MONEY THRU THESE FAKE TRADING "COURSES" THAN THE TRADING ITSELF I GUESS..
She's hardly even a beginner LoL!
Lmao this guru is making a million a month from fees of these cluecless watanabes HAHAHA
greed...sadness
I abhore it when people bring up Friedman as a truism and say that greed is good and drives the world economy. It's proven false everyday.
能登半島地震
急に円安