Here's why you'll NEVER make money in Forex. The Forex Cycle of Doom...

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  • Опубліковано 4 лют 2018
  • Here' why you'll never make money in Forex. It's all because of the Forex cycle of doom. Many aspiring traders who are trying to make money in Forex don't know they're falling victim to it.
    The Forex cycle of doom is all about how you find a strategy, trade it, experience some losses, dump it and then find it a new strategy.
    It's the main reason why you'll never make money in Forex.
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    * The information provided in this video is intended for educational purposes only and is not to be construed as investment advice. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. There is a possibility you could sustain losses of some, or all of your initial investment and therefore seek independent financial advice if you have any doubts.
    ** Our team of coaches will never contact you directly outside of the Trading Room. If any person(s) contacts you via Social Media platforms offering account management or asking for payment, this is not HowToTrade and should be ignored.
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КОМЕНТАРІ • 7 тис.

  • @ForexSignalsTV
    @ForexSignalsTV  3 роки тому +271

    Sign up to get FREE forex education sent to your email!
    👉 go.forexsignals.com/free-education-email

    • @terjofficial4864
      @terjofficial4864 3 роки тому +18

      Huh... Title

    • @calebclark5303
      @calebclark5303 3 роки тому +11

      Barking up the wrong tree.

    • @owenrawung9924
      @owenrawung9924 3 роки тому +3

      Thank you sir. I'm really grateful. Your investment strategy is the best

    • @susanclark955
      @susanclark955 3 роки тому +4

      @@owenrawung9924 so true. I invested 3000$ and within 7trading days he skyrocketed my trading portfolio to 7000$. That's really mind blowing

    • @susanclark955
      @susanclark955 3 роки тому +2

      Forex trading till forever lol

  • @Notsrz
    @Notsrz 4 роки тому +9511

    Says you’ll never make money
    Also does it for 30 years

    • @1982peachy
      @1982peachy 4 роки тому +20

      Serjo lol

    • @xvalle8
      @xvalle8 4 роки тому +40

      @@ForexSignalsTV lmao 😂😂😂

    • @animationcreation7078
      @animationcreation7078 4 роки тому +39

      listen to him

    • @brianmariita8114
      @brianmariita8114 4 роки тому +9

      For real

    • @hbjaffri
      @hbjaffri 4 роки тому +86

      By the time you realise it, you are down to your last $1.00. Forex trading is not for everyone. So is construction work, so is farming. It is nice though for day dreaming driving a car like yours.
      Good salesmanship. You have earned your money well. That can be seen.

  • @reidingpips3984
    @reidingpips3984 4 роки тому +6202

    Iv been trading FOREX for 2 years now, Finally at the point where im leaving my job as an engineer. Best advice I could give is DO NOT GO LIVE, Stick to your DEMO until you have a strategy which works. Have a long term mindset and compound your account. project it over a year or so and meet those daily goals. Greed will make or break you in this game, I wish everyone the BEST OF LUCK !!

    • @richijung
      @richijung 4 роки тому +32

      can i contact you?

    • @MsKopking
      @MsKopking 4 роки тому +29

      @@reidingpips3984 hi whats the safest broker u can trust?

    • @reidingpips3984
      @reidingpips3984 4 роки тому +191

      @@MsKopking GoodAfternoon Gulbaz Khan
      In terms of security make sure that the broker is a member of the regulatory body of your country. E.G I live in the UK - So I hunt for brokers which are FCA approved. If you live in USA - Makes sure theyre CFTC OR NFA approved.. If you live in Australia - make sure theyre ASIC approved. The list goes on. I would also suggest that once you double your account, Withdraw partial profits and make sure its easy to do so ! Look for low spreads and low commisions ideally and MAKE SURE they allow you to use MT4 or MT5 - any credible broker should have facilities to use this application :D Best of luck !!!

    • @MsKopking
      @MsKopking 4 роки тому +6

      @@reidingpips3984 thanks mate

    • @deadbabyjokes5319
      @deadbabyjokes5319 4 роки тому +1

      @@reidingpips3984 Ohh thx man!!

  • @captainmorgan6748
    @captainmorgan6748 3 роки тому +242

    The title is such a massive turn off.

  • @lovecricket6736
    @lovecricket6736 2 роки тому +116

    When you invest, you're buying a day you don't have to work

    • @djeechizzy9818
      @djeechizzy9818 2 роки тому +2

      @Hart Thim You're right Sir, it's obvious a lot of people remain poor due to ignorance, it's better to take risks and make sacrifices than to remain poor

    • @tobytaylor4051
      @tobytaylor4051 2 роки тому +1

      @@djeechizzy9818 It's not ignorance but due to some unprofessional broker in the market

    • @maxiecharles2842
      @maxiecharles2842 2 роки тому +1

      I recently got into forex trading and im already marveling over the profits I'm making, I'm like " how the hell have i been sleeping on this

    • @markaustin5229
      @markaustin5229 2 роки тому

      Obviously trading in bitcoin is very volatile and risky to trade that's the reason most traders trade with a company

    • @markaustin5229
      @markaustin5229 2 роки тому

      Learn and trade under a guide I do same and I hardly make losses in the market

  • @kurtolson1303
    @kurtolson1303 4 роки тому +2660

    Title should be changed to "Why most Forex traders don't make money"

  • @snky-tee6425
    @snky-tee6425 4 роки тому +1687

    Spent 9 years in the cycle of doom until I realised keep it simple, losses are inevitable, risk management is key and price action is king.

    • @polticamazwarefizma2118
      @polticamazwarefizma2118 4 роки тому +5

      hey bro can u give me some tips

    • @snky-tee6425
      @snky-tee6425 4 роки тому +76

      Poltica Mazwa Refizma It’s not about being right, it’s all about planning, managing risk, drawing patterns, identifying trends and taking profits. Worry about making profits later first focus building a strategy that works for you and appreciate the journey even when you’re losing. Best of luck

    • @hamiotacocova5663
      @hamiotacocova5663 4 роки тому +27

      Yeah me too.started back at 2008.up until now then i realise that 20% to 25% per month is enough.finally found a strategy that suits me.some strategy will not work with other people.i know this for sure.

    • @kylek6955
      @kylek6955 4 роки тому +4

      Snky Tee 9 years? Wtf man

    • @snky-tee6425
      @snky-tee6425 4 роки тому +19

      Kyle K It’s an art, skill and process. Experience is your best teacher when it comes to this.

  • @jasoncole256
    @jasoncole256 2 роки тому +237

    Seeing people making money from trading got me wondering what exactly am I not doing right?

    • @anthonydoubtfire5038
      @anthonydoubtfire5038 2 роки тому +21

      Some people are losing money in forex because of poor orientation and also trading with wrong experts.

    • @burgysanta2801
      @burgysanta2801 2 роки тому +3

      Crypto seems like the safe heaven at the moment but getting a hang on it is somehow difficult I need help please.

    • @konsasmith4028
      @konsasmith4028 2 роки тому +6

      A colleague referred me to Mia, I was so scared of being scammed but it ended up being the best decision of my life.

    • @cartelhush9810
      @cartelhush9810 2 роки тому +1

      It’s was a bit tough for me entrusting my investment to another trader after being scammed, my friends advised me to try Mia because that have been trading with her, I had to give it a try again with £8500 and Mia really delivered as at when due. Mia earned my trust since then.

    • @peterhood2806
      @peterhood2806 2 роки тому

      She helped me recover $4500 I lost to scammers and earned me a profit of over $8000 in just 8days

  • @LathiHassan-rs3qx
    @LathiHassan-rs3qx 6 місяців тому +364

    Very interesting video, I'm so happy I made the best decision by having a good investment recently things are going well and I keep earning massive profits it's a dream come true

    • @GeorgeMaxfield
      @GeorgeMaxfield 6 місяців тому

      That is amazing How did you manage to achieve such even with the bad economy
      I'm in desperate need for assistance

    • @AdamGrant-
      @AdamGrant- 6 місяців тому +1

      For successful trading, it's best to work with an experienced professional who knows the market. This increases the chances of making the most profit. I strongly suggest Robert Lothian; he's my current trader, and his strategies work really well.

    • @GeorgeMaxfield
      @GeorgeMaxfield 6 місяців тому

      This is not the first time I'm hearing about Robertlothian and his exploits but I don't know how to reach him

    • @GittoRhoda
      @GittoRhoda 6 місяців тому

      Robertlothian

    • @ChengHonfx
      @ChengHonfx 6 місяців тому +1

      Good thing you mentioned Robertlothian, he is the best and his strategies works. I've been making over 80% of my investment weekly since I started investing with his trading service

  • @velwear
    @velwear 3 роки тому +740

    The overall point of this video is to basically stick to a strategy that will give you more wins than losses after back testing it a few times of course, but do keep in mind that no matter how great of a strategy it is, and no matter how good it’s setup, there are still going to be times where you lose a trade(s). It’s inevitable and there is simply just no way around it no matter how good of a trader you are. Either way, stay with the strategy and stop with all the tweaking, especially if it’s a really good trading strategy. Keep it simple, void being greedy and NEVER EVER over leverage your account. Follow these simple rules and you will do just fine.

    • @joecater894
      @joecater894 2 роки тому +5

      the problem is those cluster of long good and bad luck though. Throws everyone. Prob by design.

    • @03singhs
      @03singhs 2 роки тому +1

      Thank you

    • @DavidMMKing
      @DavidMMKing 2 роки тому +8

      Thanks brilliant comment saved time

    • @860623496517
      @860623496517 2 роки тому +2

      thank you for the summary 😀

    • @rozsadnymarek5988
      @rozsadnymarek5988 2 роки тому +3

      Dont start trading, it's pointless and will be "more" pointless in the future. Trust me *I TRIED EVERYTHING* - easy stuff, hard stuff, I read *EVERY* academic paper on the internet on quantitative finance, algorithms, market theory (structure etc.). I LITERALY KNOW everything on forex, so i can tell you a secret - only brokers profit froms spreads and commisions.
      That's why they offer courses, "expert advices", fancy indicators and other bs.
      Forex market follows what is called a *martingale stochastic process* and this means *every trader is destinated to lose all invested money.*
      There aren't ANY good or bad strategies, because *you cant predict unpredictable.*
      This comment is a best and fully honest advice an expert can give you.

  • @larcm3
    @larcm3 5 років тому +734

    I've been trading forex part time while working a full time job. So YOU CAN make money. I don't even have the big monitor screens this guy has. Just a simple laptop

    • @paulkaz1752
      @paulkaz1752 5 років тому +4

      Do you swing or position trade? Thanks.

    • @Proguitarist91
      @Proguitarist91 5 років тому +55

      Or just a smartphone. XD

    • @dingdongforthewin4836
      @dingdongforthewin4836 4 роки тому +1

      how do you do it?

    • @luisb7414
      @luisb7414 4 роки тому +1

      Proof?

    • @eggminolia
      @eggminolia 4 роки тому +76

      ForexSignals TV everybody can make money out of it, don’t put limits on people’s head. Everybody can learn!!!!!

  • @NotoriousDink
    @NotoriousDink 2 роки тому +90

    If only you called the “Cycle of Doom” the “Forex Vortex.” Missed opportunity

  • @Traderflow_com
    @Traderflow_com 5 місяців тому +10

    I really like how this one was presented!
    You know, I have to say "I agree" This was very well said. Difficult because influencers spreading false messages about FOREX being easy and people lose money so not helping the industry. A very honest approach to this video! Thank you.It's sometimes difficult to get the message across because traders are reluctant to take advice from other traders. After all, essentially I feel they may think that you are a better trader than them and that fact is true in many regards. But the traders who can admit that they get it wrong plenty of times and accept help are usually the ones who end up succeeding. From our perspective anyway. It's those traders that "LOL" every time someone disagrees with them that you have to watch out for.

  • @fantomghost6213
    @fantomghost6213 3 роки тому +25

    Like his brutal honesty. He is a breath of fresh air from all the bullsh.. Thanks mate.

  • @funmode8288
    @funmode8288 4 роки тому +1545

    His next video; How I made 1 million dollars in one week trading
    lesson: Trust no one

  • @occoppo
    @occoppo 3 роки тому +238

    Summary: You can make money in forex. Don't over leverage, find a good, backtested strategy and trust in it. (don't run before you can walk)

    • @dellapatrick9096
      @dellapatrick9096 3 роки тому

      I must say she is so good. I'd recommend her to beginners here looking for good strategies to trade with

    • @dellapatrick9096
      @dellapatrick9096 3 роки тому

      At |nvestwithaIice

    • @1323GamerTV
      @1323GamerTV 3 роки тому +1

      And a good broker

    • @TheIndianVCC
      @TheIndianVCC 3 роки тому

      Yes. People I know are earning 100$ a day (In India), and even on a bad day, either you don't do trading or take amall profit and leave for the day. 100$×5= 500$ per week ie 40000rs in India. That's more than good.

    • @idontgetscared
      @idontgetscared 3 роки тому +2

      Thanks man, the title is so misleading. I thought he was trolling.

  • @Perros333
    @Perros333 Рік тому +8

    “If it was easy, everyone would do it.”

  • @DirectMusic1
    @DirectMusic1 6 років тому +750

    Meanwhile I make money with FOREX lol. Most people don't make money in FOREX because they don't stick to a strategy and they over leverage. Trading is more psychological then anything.

    • @WarOnCOD
      @WarOnCOD 5 років тому +25

      TradingWill I completely agree. Don't ever over-leverage. And trailing stop losses definitely protects my profits if the market moves the other way.

    • @Hoov7223
      @Hoov7223 5 років тому +9

      Wouldn't be willing to tutor would you ? 😬

    • @sauceitup4563
      @sauceitup4563 5 років тому +1

      WarOnCOD tutor me hmu twinkash23 on snap

    • @SMay-vq7qn
      @SMay-vq7qn 5 років тому +4

      What does or do you mean by over leaverage?

    • @ayangktmtu
      @ayangktmtu 5 років тому

      Yes please tutor

  • @user-gx8uj4wn5b
    @user-gx8uj4wn5b 5 років тому +16

    simple, wise and clear advice, thanks)

    • @vanessawatson6204
      @vanessawatson6204 3 роки тому

      Binary Option Trading is real ......I’m getting my weekly profits and I’m also making my withdrawal constantly. I’m so much excited if you are a beginner in Binary Option, you can trade with mr frank who made me a forex trader he is a very nice person. Trade with him and I assure you 100% guarantee that you’ going to make your withdrawal successfully. You can email him on 1frankwilliam9@gmail.com

  • @isabellaharper3493
    @isabellaharper3493 2 роки тому +34

    STARTING EARLY IS THE BEST WAY OF GETTING AHEAD TO BUILD WEALTH, AND INVESTING REMAIN A PRIORITY. THE STOCK MARKET HAS PLENTY OF OPPORTUNITY TO EARN A DECENT PAYOUTS, WITH THE RIGHT SKILLS AND A PROPER UNDERSTANDING OF HOW THE MARKET WORKS.

    • @charlottegomez5279
      @charlottegomez5279 2 роки тому

      When discussing crypto diversification frequently asked question is whether diversification is even possible

    • @charleslapson4939
      @charleslapson4939 2 роки тому

      Understanding the various phases is critical because it can assist you in preparing and forecasting future price movements

    • @charleslapson4939
      @charleslapson4939 2 роки тому

      Cryptocurrency is a very good option if you would like to trade online.

    • @mohammadmurphy3927
      @mohammadmurphy3927 2 роки тому

      @@charleslapson4939 Please enlighten me more about trading

    • @mohammadmurphy3927
      @mohammadmurphy3927 2 роки тому

      I heard there are Expert who knows how to forecast the 📈 very well.

  • @Reddblue
    @Reddblue 3 роки тому +14

    Trading in ANY market without practicing any strategy that works with you with practice/demo money is never a good idea. You should only dive into trading once you have a strategy that works and one you understand, until you can trade with real money.

  • @trigaVAL
    @trigaVAL 5 років тому +4

    Really needed this, I was thinking about tweaking my strategy right now, thanks soooooo much.

  • @I77AGIC
    @I77AGIC 6 років тому +1033

    "YOU'RE NEVER GOING TO MAKE ANY MONEY TRADING FOREX"
    *spends next 7 minutes contradicting himself*

  • @emmyoregon1983
    @emmyoregon1983 3 роки тому +90

    Don’t believe you can’t make anything from the market, the only reason it will get to that is if you follow the wrong advisory while thinking you know it all. Seek quality expertise and seek financial freedom

    • @franklinhardy1156
      @franklinhardy1156 3 роки тому +1

      Thoughtfully stated, this shows you have in a way gone through the market and either failed I am pleased you described my mind

    • @arielivanna2095
      @arielivanna2095 3 роки тому

      What’s you advice for a noob who doesn’t want to loose.

    • @emmyoregon1983
      @emmyoregon1983 3 роки тому

      @@arielivanna2095 take your time to know what you want and also I don’t advice you go in with little capital, take something tangible in and get a professional to guide you, I work hand in hand with my F.A Eddy Bruke who happens to guarantee my investments appreciate and bring good profits, you can look his name up in your search engine to find out more he’s quite reputable.

    • @emmyoregon1983
      @emmyoregon1983 3 роки тому

      Or write his mail
      (connecteddybruke (a gma il)

    • @hyattjoshua5676
      @hyattjoshua5676 3 роки тому

      My idea of financial market online is risky and like a gamble but from your perspective I’ve come to understand it’s quite easier than that and just takes coordinated guide and expertise. Thanks I’m definitely giving it a try

  • @robcayabyab8910
    @robcayabyab8910 3 роки тому

    Thanks for the advice! ❤️❤️❤️

  • @saahastiwari3779
    @saahastiwari3779 4 роки тому +331

    If you are not making money then why are you trading for 30 years.

    •  4 роки тому +7

      🤣🤣🤣

    • @davidquezada1938
      @davidquezada1938 4 роки тому +5

      Hes talking about forex trading not trading trading

    • @mrmalik9139
      @mrmalik9139 4 роки тому

      Watch his vadio dear he told the reality which will open your mind

    • @kiddgemini2068
      @kiddgemini2068 4 роки тому +14

      Don’t listen to this fool you can make money in forex

    • @randigleason5066
      @randigleason5066 4 роки тому +5

      Proof you didn't watch. Smh

  • @adrianfoley8615
    @adrianfoley8615 6 років тому +24

    wow.. i have to say this is exactly what has happened to me. first couple of weeks it was win,win,win
    then within a week i had lost 75% of my initial deposit

    • @keepitreal2902
      @keepitreal2902 4 роки тому

      In my case, I had a fraudulent broker later shutdown by the police. I don't feel like trading anymore...

  • @jasonm8755
    @jasonm8755 2 роки тому

    Greatest video ever! Not changing your strategy is critical.

  • @johnathanewing2937
    @johnathanewing2937 2 роки тому +26

    Am I tripping or is the “cycle of doom” simply revenge trading? And as someone with common sense you realize when you need to stop. Thus advancing as a trader. There’s a difference between traders and gamblers.

    • @pinnedthecreativeinvestor5639
      @pinnedthecreativeinvestor5639 2 роки тому

      Thanks for watching, Don't forget to Hit the subscription button...
      +⁴=⁴=⁷=⁵=³=⁷=³=⁰=¹=⁴=⁵=⁷
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      For further discussion, questions and enlightenment !•

  • @soheltamboli8521
    @soheltamboli8521 4 роки тому +3

    Thanks for shedding some light on reality associated with FX Trading!

  • @renm2631
    @renm2631 6 років тому +317

    The title was incredibly click baitey, but what you said is incredibly true. Forex trading is a commitment to learning and understanding. It's a commitment to overcoming yourself. It's always going to be YOU that screws you...nobody else can do it. I'm getting into learning about forex these past few weeks. I'm making a commitment to myself to learn, not to make money. It's not about money, it's about winning trades. I'm going to use this whole year to learning all I can, and after that year I'll continue learning my whole life. Then I'm going to use demo accounts over and over again for at least 6 months until I'm comfortable trading live. This isn't a get rich quick scheme. Forex is about skill, focus, and most importantly...DISCIPLINE!
    PS
    Maybe next time, you shouldn't start with such a title and then show your lavish lifestyle....we need honesty from start to finish.

    • @francoaltamirano3495
      @francoaltamirano3495 6 років тому +11

      YES....IS CORRECT...THE 3 "P" :
      PATIENCE
      PERSISTENCE
      PRUDENCE

    • @officergregorystevens5765
      @officergregorystevens5765 6 років тому

      True. Lots of people try to tell me trading the markets is akin to casino gambling. It only is, at least on the slot machine sort of level, if you don't understand or misunderstand it...

    • @mariuszfilipkowski-schmidt8761
      @mariuszfilipkowski-schmidt8761 6 років тому +2

      you right this sounds great in theory but reality is very different, trading is simple but not easy as Buffet said

    • @mariuszfilipkowski-schmidt8761
      @mariuszfilipkowski-schmidt8761 6 років тому +2

      re nm
      no offence I will add my comment. You right like a lot forex commentator and coach but pay attention on fact that almost nobody can prove their right with results.
      After almost 10 years trading and a lot gambling becouse mostly of oversize position I am and I was to impatienceas not enough inteligence to recognize this earlier and stuborn to stop.I can say a lot of people will never achive profitabilyty due to type of characters and long way achead to improve this.
      And to skip a dispute I will write something which is still ignore , but in my oppinion it economize lot of time and money,Forex do not do this in home alone, organize yourself with others traders as skilled as better and practise common, than you can be inspire and support and risk manager to each otcher.It should be first step to start the same like proprietary trading firms arrange own business.
      Why others professions people do not learn and execute alone in home ?
      sory for mispelled words

    • @yampyl9710
      @yampyl9710 6 років тому

      re nm agree

  • @enoqq
    @enoqq 3 роки тому +206

    3 years later folks are making big money in forex

    • @4linesav
      @4linesav 3 роки тому +47

      They’re making money off signups & bonuses. Not trades. IML being the biggest MLM in the past decade since MCA

    • @hugdablok6162
      @hugdablok6162 3 роки тому +4

      This is exactly why I clicked on this video...

    • @milz6597
      @milz6597 3 роки тому

      😂😂

    • @igotprettyboyswag
      @igotprettyboyswag 3 роки тому +11

      @@4linesav not true at all you don’t have to do “iml” to trade currencies, I started last week, and made 3500k profit off of 200 originally in my portfolio, and that’s still off of trading risky and losing round 7k total profit (I had 10k in turnover in three days) if you don’t know how to trade or the mental fortitude to do so

    • @rudyrabb7497
      @rudyrabb7497 3 роки тому +1

      @@4linesav wrong

  • @dougwan8150
    @dougwan8150 2 роки тому

    Thank you for the great video.

  • @mastermind14351
    @mastermind14351 5 років тому +527

    I get everything he's saying. Thanks 4 the advice. Stick to a strategy, stay committed, and don't deviate. Great click bate!

    • @jeffbezos4746
      @jeffbezos4746 4 роки тому +15

      *bait

    • @margaretlou3993
      @margaretlou3993 4 роки тому +3

      As I learn more about trading, I’ve realized that Alec Payden’s methods combined with his knowledge has been the reason I’ve been able to earn from forex, no doubt I’m going ahead with him.

    • @margaretlou3993
      @margaretlou3993 4 роки тому +1

      Ralph Zimmerman It’s no secret that when it comes to forex, Alec Payden is the right man for the job. A professional in the field. I’ll advise you reach out to him for assistance... *Alecpayden (a) g ma il. com...* and avoid making mistakes detrimental to your capital.

    • @brodericks7391
      @brodericks7391 4 роки тому +1

      I don’t have to bother about losses, my loss rate has reduced greatly and profit steadily growing ever since Alec took over my trade.

    • @Corrabeauty
      @Corrabeauty 4 роки тому +1

      thank you for the recommendation. I’m having difficulties trading too

  • @paulharman4323
    @paulharman4323 5 років тому +687

    Title: "Here's why you'll NEVER make money in Forex."
    Upcoming youtube video playback: "How to start trading forex" by same guy lmao

    • @keobakilemahura4890
      @keobakilemahura4890 5 років тому +9

      Proto Music but that's not what the guy is saying, he says only if you keep changing strategies you never gonna make money, meaning if you don't change it you will make some.

    • @AkbarYudharta
      @AkbarYudharta 5 років тому +1

      this bold guy are genius

    • @hellatze
      @hellatze 5 років тому

      How to start trading dorsnt mran you are making money. See the context. It only told you how to trade

    • @destinyozoma614
      @destinyozoma614 4 роки тому

      @@keobakilemahura4890 7

    • @johnmacharia7985
      @johnmacharia7985 4 роки тому +5

      You misinterpreted the title's msg....He is giving reasons why most people don't make it through

  • @Bringiton513
    @Bringiton513 2 роки тому

    Thank you for the video. What you have said definitely make a lot of sense, something which most often needs to be reminded.

  • @keishatexas7596
    @keishatexas7596 3 роки тому +2

    I had a slight issue with verification, they demanded a clear picture of my details as opposed to the ones I kept uploading. A tiny bit stressful, but I got it done when I uploaded a crisp clear picture and it got updated right away. That's the only issue I had, and the customer service personnel was very understanding and responsive

  • @J19D82
    @J19D82 4 роки тому +56

    the cycle of doom explained : people making money for 30 years dont want new guys starting so they make videos saying people dont make money i should know ive been doing it for 30 years... clearly you are making something

    • @yamanosu9463
      @yamanosu9463 3 роки тому +3

      You never watched the video did you.

  • @thecaseylwest
    @thecaseylwest 4 роки тому +742

    Doesn’t have an American accent, must be legit.

    • @ecarolyne5287
      @ecarolyne5287 4 роки тому +5

      😂😂😂

    • @zandilek1551
      @zandilek1551 4 роки тому +3

      😂😂

    • @haileyshaw1336
      @haileyshaw1336 4 роки тому +1

      I Entrusted Dr Sarah Perkins with all my resources to earn me profits and indeed she did an amazing job, haven't seen a trader like her, she is transparent, well experienced and understanding. Contact her on whatsapp +13189690008

    • @alexrobinson7367
      @alexrobinson7367 4 роки тому

      lovely, My life changed for good when i came in contact with Dr Sarah Perkins, She helped me with my investment, i can't thank her enough, she is just the best thing that could happen to any investor. Reach out to her on whatsapp +13189690008

    • @deanrobert2909
      @deanrobert2909 4 роки тому

      I came across this wonderful account manager Dr Sarah Perkins through a post i saw on youtube so i decided to give her a try even tho i was scared of being scammed again but to my greatest surprise Dr Sarah Perkins made an end to my sufferings, i was able to pay off Debts and now i'm living the life i deserve. Write her on whatsapp +13189690008

  • @CampbellsvilleBibleStudy
    @CampbellsvilleBibleStudy Рік тому

    Excellent...
    I know this is an older video but it's so on target. I have decided to re-enter the Forex trading market after a hiatus of several years and definitely have a new mindset.
    Thanks for sharing,
    James & Rescue Kitties

    • @ForexSignalsTV
      @ForexSignalsTV  Рік тому +1

      Glad to be of help James and Congratulations on your comeback. You've got this💪!

  • @alissiahibbert2378
    @alissiahibbert2378 3 роки тому +8

    The reason why most traders fail is because they are in-experienced, impatient and have a mindset of trading to be a get rich quick scheme. I prefer to work with an expert than throwaway my money.

    • @cgiannotto9
      @cgiannotto9 3 роки тому

      If I want to get into forex, which professionals do you recommend?

    • @kdsingh1120
      @kdsingh1120 2 роки тому

      Hii

    • @maleikahraja958
      @maleikahraja958 2 роки тому

      @@kdsingh1120 Hey you need help?

  • @BTArnold100
    @BTArnold100 4 роки тому +234

    Man this hit deep. I got stuck in this cycle for a year before I hit myself over the head. I just keep it simple now.
    1) You cannot avoid losses
    2) You will be wrong
    3) You are not perfect
    4) Consistent gains outweigh sporadic climaxes
    5) Just go in. Every trade is 50/50

    • @seanthemoneymagnet2158
      @seanthemoneymagnet2158 3 роки тому

      Great wisdom Bryce. Thanks for sharing

    • @hurigisheh870
      @hurigisheh870 2 роки тому +1

      Do you trade FX

    • @fikerbekele7303
      @fikerbekele7303 2 роки тому

      Nora Becky, What does this mean?

    • @kemia9657
      @kemia9657 2 роки тому

      No matter any investment is risky. Until we can meet that important teacher in life. We can benefit from it.

    • @MigoSuavePBK
      @MigoSuavePBK 2 роки тому +5

      Yea I don’t know about the last one, that kinda defeats the purpose of actually doing it right . You basically said fuck it just click the button

  • @colinforexman1184
    @colinforexman1184 4 роки тому +3

    He is exactly right as always. Changing your methods will lose your trading bank

  • @sofyenalimi9337
    @sofyenalimi9337 2 роки тому

    thank you very much Andrew, well done man

  • @stevenpaul4394
    @stevenpaul4394 2 роки тому +11

    Someone told me that it's the best time to buy because there will be a huge pump

    • @rebeccastephanie9927
      @rebeccastephanie9927 2 роки тому

      The cost of living is making people go into different businesses anyways, but my problem is that the rate at which money gets finished on little purchases is so surprising

    • @mariewoods4193
      @mariewoods4193 2 роки тому

      I saw all this coming I had to switch to Crypto trading and I'm really enjoying the fact I made the right choice because of my weekly earnings

    • @deborahsharon2083
      @deborahsharon2083 2 роки тому

      I make good income too from bitcoin trading and its been my most reliable source of income at the moment. With profits I've made so far I don't think i can get broke or lack anything.

    • @ashleykimberly4285
      @ashleykimberly4285 2 роки тому

      How do you do it please

    • @joykelvin1595
      @joykelvin1595 2 роки тому

      Because I've tried severally but seems not working

  • @MrDigmaan
    @MrDigmaan 6 років тому +23

    Move like the market maker then you'll less likely to lose 90 % of the time. Dealers induces retail traders to take buys or sells in the beginning of the week then comes the trap move while they are sleeping. Knowing the right entry/divergence/level/trends/time m15 h1 h4 and knowing how to take profit will make you be a better trader. Hint: RSI don't lie. Take your pips and go and don't be greedy.

  • @jffbrk1
    @jffbrk1 5 років тому +7

    I'm working on my 2nd decade of doom... but I'm not losing money near as quickly as I used to.

  • @jerrywalter5903
    @jerrywalter5903 Рік тому +3

    Great stuff. I watch several youtube videos on how to trade in the market but haven't made any headstart because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands

  • @user18noob48
    @user18noob48 3 роки тому

    great knowledge 👍

  • @williamsbright182
    @williamsbright182 4 роки тому +398

    Most people remain poor only because friends and relatives discouraged and advised them against investing and trading forex while the wise ones kept investing and growing higher financially

    • @investorolivia7654
      @investorolivia7654 4 роки тому +2

      It's not about watching videos and wasting your time on strategies, I was ignorant doing so...so I decided to try Mr Thomas and ever since then he's has made about $ 14,000 for on every $ 5,000 I invested just in 2weeks

    • @jeroldstokes6065
      @jeroldstokes6065 4 роки тому +41

      People are scared of investing because of the high rate of scam in the business

    • @christopherhernandez7543
      @christopherhernandez7543 4 роки тому +11

      Those scammers they promise to make up to $ 50,000 profit within the space of 7 days with just $ 500 to invest and end up not even refunding your capital but he's a man of integrity, with $ 500 he will tell you he can only make profit within the range of $ 4000 to $ 8,900 and he actually delivers ....he's great

    • @chennaimarketerr
      @chennaimarketerr 4 роки тому +1

      Scammers are out there but they are also nice broker who knows their job

    • @christopherhernandez7543
      @christopherhernandez7543 4 роки тому

      Mr Thomas is the broker that I can recommend for anyone

  • @primeroyal7434
    @primeroyal7434 3 роки тому +51

    Bruh "Buy low, Sell high" is like the main strategy of any market. If you know how to read candle charts, know inflation rate of the desired currencies, and play your cards just right, you can profit in this market. Practise demo account in your college life. After learning the trick, you are set for life! (Unless you are one of the 80% forex traders who loses lol)

    • @edomwonyidavid964
      @edomwonyidavid964 2 роки тому +6

      THAT IS WHERE MILLIONS GET IT WRONG IN TRADING. OVER BOUGHT/OVERSOLD - IN FOREX THE TREND IS NEVER OVER

    • @poisonousbadge126
      @poisonousbadge126 2 роки тому

      fuck you anaerchist glory to nationilism

  • @dronelton47
    @dronelton47 3 роки тому +1

    *Thanks for the motivation. I’ll prove you Wrong*

  • @liakella
    @liakella 5 місяців тому

    thank you for sharing, I'm also still learning in the nfc community

  • @marcovalentinoalvarado3290
    @marcovalentinoalvarado3290 4 роки тому +403

    "Keep it simple, losses are inevitable, risk management is key and price action is king."

    • @brycecurtis6991
      @brycecurtis6991 3 роки тому +3

      However, if you mean by work that you can follow signals and systematically grow your trading account and profit through participation in the Forex market… then I would say you have the right mindset. I believe Forex trading is one of the best wealth building opportunities accessible for people at all income levels, i have been trading for 2 years and lose money trading all by my self then i later find a pro trader James Carlson who has been providing me with the necessary information that is required in my day trade he shows me the abc steps on how to trade and execute signals, ever since i have been trading under James instruction i have recorded a good amount of profit, James can be reached through whatsapp +447476717980 or telegrame @JamesC51 and that will enable him to explain and provide you all information you need to succeed with your trading.

    • @martinswilliam6975
      @martinswilliam6975 3 роки тому +3

      Forex and binary trading is a good market to raise your finance at a steady growth, you need a proper understanding and a good strategy to become successful frank____has introduced me to a great strategy to make profit and I’m now winning everyday __1frankwilliam9@gmail.com I made $ 123k last week he is from US.

    • @vanessawatson6204
      @vanessawatson6204 3 роки тому +1

      Binary Option Trading is real ......I’m getting my weekly profits and I’m also making my withdrawal constantly. I’m so much excited if you are a beginner in Binary Option, you can trade with mr frank who made me a forex trader he is a very nice person. Trade with him and I assure you 100% guarantee that you’ going to make your withdrawal successfully. You can email him on @1frankwilliam9@gmail.com

    • @nikiaforbes
      @nikiaforbes 3 роки тому

      I just started and I’ve been having some success I haven’t found any cycle of doom. Check it out Https://nikiaforbes.tradera.org/enroll

    • @natbynature9212
      @natbynature9212 3 роки тому +1

      Hello I would wisely advise you all to contact Mrs Rustiga right now she’s the best account manger ever you contact her via what’s App:‪+1 (662) 734‑0086‬

  • @myguitarquest
    @myguitarquest 5 років тому +37

    Now I know how to beat the inevitable circle of doom. I must not tweak my strategy, not even in the slightest little bit. Thank you sir, now go enjoy a nice cold one.

    • @ItzDrPlow
      @ItzDrPlow 5 років тому

      i'll take a cold one too bud

  • @stevenpaul4394
    @stevenpaul4394 2 роки тому +26

    My trading journey was a matriculation of highs and lows, literally just like the market. you up, you down. Now I'm constantly up

    • @adamnathan6744
      @adamnathan6744 2 роки тому

      Hello, I'm new to Bitcoin trade and I've been making huge losses but recently i see a lot of people earning from it Please can someone tell me what to do?

    • @ralphvincent9449
      @ralphvincent9449 2 роки тому

      The new digital gold has created a new trillion-dollar's opportunity around the world! Where do you think your country is headed for

    • @jerrygilbert3458
      @jerrygilbert3458 2 роки тому

      All you need now is a professional trader else you will continue making losses.

    • @kelvintimothy1544
      @kelvintimothy1544 2 роки тому

      Trading on your own is very risky, many people have lost a lot trading for themselves

    • @richardheart3422
      @richardheart3422 2 роки тому

      @@kelvintimothy1544
      That's true most people today have been having a lot of failure in crypto and forex sectors because of poor orientation and bad experts

  • @jenniemcneil7821
    @jenniemcneil7821 2 роки тому +76

    An investment in knowledge pays the best interest."

  • @theprogambler4003
    @theprogambler4003 5 років тому +61

    Most people come into this because they have a get rich quick with no effort mentality and these people will never win. It takes a certain mindset to stick at it so long and get through all the losses until you know the markets well enough to win more than you lose

  • @Pashskall
    @Pashskall 5 років тому +3

    Confident and determination is how things are done

    • @josephadeyemi5551
      @josephadeyemi5551 5 років тому +1

      Hello bro, pls can I get to know u, seems u know about trading, am willing to learn and not attach to any broker, my phone number 07030090417.pls get back to me when u gets my message, thanks.

  • @MuhammadAwais-ul7cf
    @MuhammadAwais-ul7cf 3 роки тому

    Excellent analysis

  • @fortvalor5311
    @fortvalor5311 3 роки тому +8

    This guy, and the rest of them, are the reason the world is doomed. “Why you will never make money in forex” “ I’m a forex trader for 30 years.” Listen guys I’ve been in trading/investment for 4 years, started at 21 years old. I will tell you from my personal experience, forex will definitely make you money. People need to stop listening to guys like this, who drives a stupid old beamer at 65 years old. If this guy was successful in his investing, he would drive a nicer car. And have a nicer house. This guy is the reason a lot of traders lose confidence in trading. Please hold you confidence, and keep trading ! I promise it will click, and you will see a profit. 4 years trader, and on my third year, it all flicked and I started making money fast. Trading is real, but you are the driver. You can crash, or you can drive the world.

    • @breandensamas8623
      @breandensamas8623 3 роки тому

      Great ♥️♥️

    • @ateeraateera
      @ateeraateera 2 роки тому

      Yeah dude, that's right, forex trading can indeed make money, it's not easy, but it can be done.
      He said he has been into forex trading for 30 years, I mean, if he has been into forex trading for 30 years, why would he make this kind of loser video? Maybe 30 years is not enough to make him a good and consistent profitable trader? 😂 The question is, wtf he's been doing during his 30 years in the industry?
      PS: He didn't even mention the most important things before trading with real money:
      Learning about Forex Money Management and practice with Demo Account

  • @TheJoshua12104
    @TheJoshua12104 5 років тому +160

    "you can tell your boss to go jump in a lake" hahaha

  • @gregmichalowski261
    @gregmichalowski261 4 роки тому +148

    95% of all Forex traders fail- why? Because they give up. It takes time and lots of trading experience to become a profitable trader. An alternative is follow professional trader's analysis.
    Great Video👍

    • @marcwalton3064
      @marcwalton3064 4 роки тому +15

      Novice forex traders need to learn how to manage their risks, your deposit is your workhorse, and if you lose it, you loose business.

    • @pirkkomakinen7916
      @pirkkomakinen7916 4 роки тому +15

      That's the reason why beginners shouldn't risk more than 10% of their deposit per transaction under any circumstances. The higher the money management ratio or risk/ reward ratio, the better. Everyone has a Loss, it happens.

    • @tobiasreuter4344
      @tobiasreuter4344 4 роки тому +16

      Honestly, I have met so few profitable traders, a handful. From my personal experience, it's an awful and psychological torture to get profitable.
      My confidence is tripled when I trade alongside trusted minds like Shane (@Shannemoody via Telegram). Beginners, intermediate traders, All you need is an open mind and a passion to be successful.

    • @marielfrancisco5444
      @marielfrancisco5444 4 роки тому +1

      Greg Michalowski

    • @drewdude8868
      @drewdude8868 4 роки тому +1

      Not to sound cocky, but once you've figured key red flags to look for, get good at seeing them and cross referencing your set ups with set ups from similar pairs... winning at forex is really easy. Like taking candy from a baby easy actually. Other people that have practiced for around a decade or more will understand what I'm saying.

  • @lights4724
    @lights4724 2 роки тому +7

    I was in the cycle of doom , this is so real...

  • @donaldjones8920
    @donaldjones8920 2 роки тому

    Wonderful advice. I have been in the Cycle of doom for years now.

    • @ForexSignalsTV
      @ForexSignalsTV  2 роки тому

      Glad you liked the video. Stay tuned for more!

  • @ksshaji6844
    @ksshaji6844 5 років тому +10

    Which trading platform do u use??

    • @enividclinton8634
      @enividclinton8634 4 роки тому

      I trade with expert Alfred fox in the US and make much profits from him. He is the best I have seen so far.

  • @NickDoesBusiness
    @NickDoesBusiness 4 роки тому +67

    I was once in the cycle of doom for over 2 years!!!! Finally made it out and started working out how to be consistent, it wasn't easy but you need to stick with it! Trading can be worth it, if you dedicate the time to learn and test!

    • @vanessawatson6204
      @vanessawatson6204 3 роки тому

      Binary Option Trading is real ......I’m getting my weekly profits and I’m also making my withdrawal constantly. I’m so much excited if you are a beginner in Binary Option, you can trade with mr frank who made me a forex trader he is a very nice person. Trade with him and I assure you 100% guarantee that you’ going to make your withdrawal successfully. You can email him on @1frankwilliam9@gmail.com.

    • @alekspetrov7191
      @alekspetrov7191 Рік тому

      how did you get out? what strategy did you adopt?

    • @doreenlum8154
      @doreenlum8154 9 місяців тому

      What strategy i wish to learn

  • @dirtydingusmcgee8926
    @dirtydingusmcgee8926 Рік тому

    Thanks for the free advice

  • @martinettenes1789
    @martinettenes1789 3 роки тому +1

    Your explanations are fantastic, I follow your advice. Thank you ...

    • @garydavis4830
      @garydavis4830 3 роки тому

      Hi

    • @markwood6246
      @markwood6246 3 роки тому

      @@garydavis4830
      +1// 3// 2 // 3// 9 // 9// 8 // 2// 9 // 5 // 5

    • @markwood6246
      @markwood6246 3 роки тому

      Chat Mia Justin to put you on the right track

  • @jamesaddison2777
    @jamesaddison2777 4 роки тому +9

    People lose money because they don't understand leverage, it's very powerful tool but very dangerous perk that you get when you decide to trade

    • @zyubat
      @zyubat 4 роки тому

      In other words, RISK MANAGEMENT!

    • @sherrimhanson2692
      @sherrimhanson2692 4 роки тому +1

      I studied forex but was a total waste of time until i met a woman who can trade like that of a man she helped me and am grateful, I easily recovered all i have lost in just a month

    • @sherrimhanson2692
      @sherrimhanson2692 4 роки тому

      Miss Katherine is the professional trader i talked about in this comment section, and am really happy to see great reviews about the best professional trader i know

    • @johncraig3393
      @johncraig3393 4 роки тому

      Trading is all about patience and i learnt that from Miss Katherine Summer that also received good returns on investment too

    • @natbynature9212
      @natbynature9212 3 роки тому

      Hello I would wisely advise you all to contact Mrs Rustiga right now she’s the best account manger ever you contact her via what’s App:‪+1 (662) 734‑0086‬

  • @cillecal
    @cillecal 6 років тому +118

    I think you should change the title of this video, what you saying is true but that’s what happens to all beginners and is part of the process, the winning trades grow your account but the loosing ones are the one that makes you learn!

    • @gian-lucanardini9706
      @gian-lucanardini9706 6 років тому +1

      Christian Bellido nicely said mate its true

    • @jessikapiche6097
      @jessikapiche6097 5 років тому

      you lose when you start, then you lose after too... in the end, only one make money and it is not you. A scam in the end.

    • @BreuckelensFinest
      @BreuckelensFinest 5 років тому

      Christian Bellido Well said!

    • @BreuckelensFinest
      @BreuckelensFinest 5 років тому +1

      Sylvain Piche This is not true at all. You can make a great living Trading Forex if you basically do what homeboy said initially in this thread. Respectfully, you're being negative based off of your experiences & reactive mind. If not then you're just reiterating something someone else said about Forex Trading. In fact, the Forex market is rigged but & this is a huge but, if you watch the Market Makers and notice their patterns, then when they show their hands, then and only then you get into a trade that is set up for more than likely for you to win. If you think like a Trader & not the Market Maker's then you will absolutely & inevitably lose! Lastly, all you need to be a successful Forex Trader is, 20-50 pips per week. That's it. You can literally take $100 & turn it into 50K in 70 trades if you do 15% of $100 per trade. It's been done & done consistently year after year. I know people that do it!

    • @jessikapiche6097
      @jessikapiche6097 5 років тому

      All that i know is from many of my friends who have tried it. Now they say that even the dam graphics you are looking at are fakes and part of the scam. There is nothing true about what info you get. So it only make people put their money according to what is being displayed but in the end, they only give you back part of your money when the algorythm detect you are 'putting in the money'. Like any good casinos will do, it only try to make you come back for more. Giving you a little so you don't get discourage until you are hooked to the system and believe you can get away with more than you provide. A extraordinary scam. You are probably going to make more money with playing poker...at least you stand a chance. Even if you get some money back, you still are into a system that make you lose more than you will win.

  • @sheilatuano9633
    @sheilatuano9633 2 роки тому +3

    The trick then is to have a realistic goal, stick on it, and although the gains can be small but if done frequently and consistently, the little gains can accumulate.

    • @ForexSignalsTV
      @ForexSignalsTV  2 роки тому

      Exactly, glad you found the video helpful! Thank you for stopping by and for your comment!

  • @The_transcender
    @The_transcender Рік тому +17

    This is the best advice ever. I had been trapped in that circle for too long fortunately I managed to acknowledge all my mistakes and fixe them. Then I realized I had a powerful strategy.

    • @ForexSignalsTV
      @ForexSignalsTV  Рік тому +3

      Thanks for your comment. Stay tuned for more.

    • @rwemachris8139
      @rwemachris8139 Рік тому

      you mind sharing your strategy?? Just a beginner wanting to learn more🙏🏽🙏🏽

    • @manjulabuddarage3311
      @manjulabuddarage3311 11 місяців тому

      Can you help us to sharing your strategy

  • @saleenmustangs
    @saleenmustangs 3 роки тому +16

    Started forex trading 2 weeks ago today. Not off to a bad start, I'm up nearly 7% on my money. Keep it simple guys and keep that leverage 50:1 or lower and you should be fine!

    • @vanessawatson6204
      @vanessawatson6204 3 роки тому

      Binary Option Trading is real ......I’m getting my weekly profits and I’m also making my withdrawal constantly. I’m so much excited if you are a beginner in Binary Option, you can trade with mr frank who made me a forex trader he is a very nice person. Trade with him and I assure you 100% guarantee that you’ going to make your withdrawal successfully. You can email him on @1frankwilliam9@gmail.com.

    • @cloneraged
      @cloneraged Рік тому

      How are you doing now?

  • @MeritAEager
    @MeritAEager 5 років тому +14

    Wow this guy is really up. Himself I made 700 in a week and I'm proud of it

    • @omar1263
      @omar1263 5 років тому +2

      Merit starting with how much ?

    • @vanessawatson6204
      @vanessawatson6204 3 роки тому

      Binary Option Trading is real ......I’m getting my weekly profits and I’m also making my withdrawal constantly. I’m so much excited if you are a beginner in Binary Option, you can trade with mr frank who made me a forex trader he is a very nice person. Trade with him and I assure you 100% guarantee that you’ going to make your withdrawal successfully. You can email him on @1frankwilliam9@gmail.com.

  • @schambachemmanuel2470
    @schambachemmanuel2470 5 місяців тому

    I appreciate how brief you kept it by sharing the cardinal points on how traders get into the COD ..This will be very useful to neophytes so I'll give it a thumbs up so it can reach them. Cheers.

    • @ForexSignalsTV
      @ForexSignalsTV  5 місяців тому

      Thanks for the feedback. Stay tuned for more.

  • @fxtradersam6333
    @fxtradersam6333 2 роки тому

    excellent video. thanks

  • @2792revs
    @2792revs 4 роки тому +32

    Great video and very straightforward! It's certainly no walk in the park getting started in forex. Lots of learning non-stop

    • @rwemachris8139
      @rwemachris8139 Рік тому

      how is it going now??? I'd like to learn..

  • @Aznprada
    @Aznprada 5 років тому +4

    ‘Trust me’... followed by me showing off my 1990’s murch

  • @TheCyberCore
    @TheCyberCore 6 місяців тому +2

    First, I felt a little offended - because I am not trading FX since 30 years, but since 15 years - and I am still alive :). But after listening to what you say it makes perfect sense. I am also using multiple strategies, and I am also from time to time in search of new strategies. But I change my strategies depending on either market types and/or market condition - not because I ditched them for some losses.
    Therefore I am clearly separating between experimental tweakable and productive, well documented strategies. And - in contrary to every mentor - I also do NOT backtest experimental strategies too long. Instead I use separate relatively small live accounts and put promising experimentals live very fast - just to shorten my learning curve. I always feel better to test on real money - it puts me in the right mood to take it serious.
    And no, this is not what I do every day. I do it once in a while to prop up my trading toolbelt e.g. for other markets like crypto.

  • @jamesqi8578
    @jamesqi8578 3 роки тому +36

    What you said is right. I had blown up several accounts each of them is1k or 2k, total lost 5k over several years. In addition to what you said, I feel that fear and emotion are hard to over come.

    • @amir-bz2he
      @amir-bz2he 2 роки тому

      why trading feels like gambling lmao

    • @davidmills5850
      @davidmills5850 2 роки тому +1

      Hi james I was a chief fx trader at a large london city bank for 25 years....our trading room had 14 dealers..The traders were mostly young guys sorry girls but when it gets busy the language can be very bad... You also have to be a speacial type of person......Example be able to talk and hold three phone calls the same time, apart from a bank of telex machines wanting spot and forward rates..You cannot have fear or emotion ...A dealing room is a team unit and you must be able to work with other traders.....i would not recommend any person trying to trade on their own and make a profit.....If i wanted to trade now i do not have enough information on the world markets to be able to trade and make a profit.,,,hope this info helps you and anyone else that might be interested...

    • @o2wealths737
      @o2wealths737 Рік тому

      Hello James
      Let’s help u manage ur funds
      Assuring u a better trading lifestyle

    • @o2wealths737
      @o2wealths737 Рік тому

      @@davidmills5850 hello David mills

    • @vkrgfan
      @vkrgfan 6 місяців тому

      @@amir-bz2he because it's technically a gambling LOL

  • @javiercaicedo9067
    @javiercaicedo9067 6 років тому +17

    I think your video has great content, but the wrong title. Respectfully, i think it conveys the wrong message.

  • @jamesowens7134
    @jamesowens7134 4 роки тому +4

    Forex trade needs to be followed sequentially if not you would end up with nothing

    • @johnchacon3479
      @johnchacon3479 4 роки тому +3

      Most people lose money trading forex cause they didnt learn to trade they think they can trade then end up losing.

    • @williamsevans5833
      @williamsevans5833 4 роки тому +2

      Forex is the best place to make money. It's no secret that forex market can be highly unpredictable.

    • @odihaugustine1916
      @odihaugustine1916 4 роки тому +1

      James Owens Trading has a strategic value when you have a good account manager

    • @richiemani807
      @richiemani807 4 роки тому

      Forex have given me a great opportunity to experience good living here

  • @yetundesobiyi1968
    @yetundesobiyi1968 2 роки тому +2

    This is so laudable and educative.
    Thank you for this!
    Thank God I found out about Affiliate Marketing, it turns my life around.

  • @JohnSmith-ms3wb
    @JohnSmith-ms3wb 3 роки тому

    Excellent. Thank you.

  • @badro4854
    @badro4854 6 років тому +27

    The real money isn't in short term forex trading that's a mugs game is purely gambling. The real money is in selling signals, setting up trading rooms and providing courses which eventually allow you to lead your clients to your affiliate brokers.

    • @badro4854
      @badro4854 6 років тому +2

      Sure then why not make yourself rich instead of trying to teach others for a fee?

    • @incognito-che
      @incognito-che 6 років тому

      exactly!

    • @mariasimadareyes
      @mariasimadareyes 5 років тому

      I used to suck at trading forex. Now I trade like a pro! Here's the best way to trade forex: HootForex.club

  • @BonsaiZen
    @BonsaiZen 6 років тому +8

    I lost a four digits amount of money in one week and lost three years to recovered it, now I'm traumatized with forex

    • @kadnan6111
      @kadnan6111 6 років тому +6

      yeah its not for the weak

    • @catears3053
      @catears3053 6 років тому +5

      Bonsai Zen everyones had an account that theyve blown, luckily i didnt blow a stupid crazy amount, if you watch pipsuniversitys video on risk managment and follow if then it will gradually improve your profits, the key is every trade you can risk 2% max of your equity, so even if you lost 10 trades in a row then you only lose 15/20% of your equity which is better than totally blowing your account.

    • @cesarguerrero1070
      @cesarguerrero1070 6 років тому +5

      That my kind sir is called not having proper risk management lol

    • @davebravin4840
      @davebravin4840 5 років тому +1

      I used to think investing was a joke. Until i met this highly learned and open minded account manager called James Port. Ever since then, I have been smiling to the bank every 7 working days. He has never failed me and i will never regret working with him.. His strategies are awesome . Nice and smart attitude to work.

    • @youngabdi1524
      @youngabdi1524 3 роки тому

      Don’t do forex and u will save a lot of money

  • @onesydney3806
    @onesydney3806 2 роки тому

    Nice, good one mate. Concur with everything you said

    • @ForexSignalsTV
      @ForexSignalsTV  2 роки тому

      Glad you found the video helpful! Thank you for commenting!

  • @asmatnawaz7888
    @asmatnawaz7888 3 роки тому

    Excellent video

  • @rata7057
    @rata7057 5 років тому +25

    Buy and hold and good money management is the way to go..

    • @teojz
      @teojz 4 роки тому +7

      Actually putting money in the bank and do nothing about it is one of the most stupid thing most people do

    • @natnavbrand8060
      @natnavbrand8060 4 роки тому

      LMAO

    • @unohanayachiru5789
      @unohanayachiru5789 4 роки тому

      *@Ra Ta* If you want to learn how to trade options like a pro go here now: www.HootForex. club

  • @BreuckelensFinest
    @BreuckelensFinest 5 років тому +7

    I agree with everything except there are trading strategies that actually work if you follow them no matter what & you can absolutely start with a small account for example, $100 & turn it into hundreds of thousands in a year or less. It's been done & it wasn't by luck. Everything else homeboy said is very spot on true. Back track & watch how your strategy can work for you.

    • @aliusanthony9158
      @aliusanthony9158 5 років тому

      What can I do mr.
      I want to learn more of those strategies

  • @mohommedrahib3360
    @mohommedrahib3360 2 роки тому

    Great info❤️

  • @markwhite8298
    @markwhite8298 3 роки тому +5

    I think, he's saying the perfect fact, I too have experienced it, but I never gave up 💯💯👍👍👍

    • @kingdavid3441
      @kingdavid3441 3 роки тому +4

      The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich

    • @marvelsilvester9759
      @marvelsilvester9759 3 роки тому +3

      People remain out of ignorance

    • @preciousprosper2386
      @preciousprosper2386 3 роки тому +3

      People are scared of investing because of the high rate of scam in the business

    • @dannielavez9194
      @dannielavez9194 3 роки тому +2

      There are scammers but real brokers are out there for investors

  • @right-7366
    @right-7366 4 роки тому +29

    i am 17 and this forex thing is really exciting me . ive seen some people make money but i don’t know how to start and where

    • @kenichilugard8240
      @kenichilugard8240 4 роки тому +7

      Nicely said, and here I thought I was the only beneficiary here. I've attained nice sums from the platform likewise and still was able to learn good strategies for myself.

    • @kevinkull2072
      @kevinkull2072 4 роки тому

      Check out Jay Wayne Team Take Profits on youtube.Im part of his team and we make money every day.It will take you a year or 2 to compound your account but its totally possible.

    • @sak079
      @sak079 4 роки тому +7

      @KevinKull - hahaha course you do mate. Every day - strange the hedge funds and investment banks dont make money day in, day out - in fact many loose money over the year. They have acess to the best PHD technologists, economists, central bankers, machine learning and have likely studied at the best business schools on the planet - but you - a bloke on his laptop trading moving averages, Break outs or oversold basic signals are claiming to win every day. Hahaha. Total scam

    • @lanettiedavis40
      @lanettiedavis40 4 роки тому

      I can help you get started !

    • @lanettiedavis40
      @lanettiedavis40 4 роки тому

      Dm me on ig @nettie0708

  • @kenichilugard8240
    @kenichilugard8240 4 роки тому +20

    I respectfully disagree with your concept of not making money on Forex trades, why not? if you've got sound understanding of Forex markets or better brokerage administrator working in your stead you should be able to do so well at it.

  • @rickgoode7277
    @rickgoode7277 Рік тому

    Thanks for making the video

  • @MMCrypto2357
    @MMCrypto2357 3 роки тому +1

    thank you on such a wonderful video for educating the general public about forex and how to invest wisely on signal gain strategy

  • @milotherussianblue3691
    @milotherussianblue3691 4 роки тому +5

    I’ve been doing this for 13 years and I’ve learned the following:
    1. Don’t rely on one system. The forex market is constantly changing. That’s why one system won’t work.
    2. Don’t bet it all on one trade. This may work a couple of times but I would argue that it will embolden you to do the same thing over and over. You will eventually lose and lose big. You shouldn’t expect to lose more than 5% a trade. If you do more than this, you will be broke in no time.
    3. Measure everything. Pick your entry and exit and calculate exactly how much you could gain or lose before entering.
    4. Be wary of economic releases. Especially if you have a tight stop. Big releases can move the price wildly in a short period of time. Also, your broker will most likely increase the spread during these releases which can increase the chance of getting stopped out prematurely.
    5. Learn to take a loss. If you get stopped out, DO NOT all of a sudden think you need to “get it back”. The best thing to do is to step away and pick your spots intelligently and rationally for your next trade. This is probably one of the most important lessons I learned.
    6. Never rely on a trading guru to pick your trades. These people come and go. At the end of the day, you are responsible for your own trading decisions.
    7. Fight the “Fear of Missing Out” or FOMO. If you miss getting into a trade, don’t worry. There is ALWAYS another opportunity in the forex market.

  • @tradingmenu8883
    @tradingmenu8883 5 років тому +7

    You're absolutely right! Great video Andrew

  • @reyninodiongzon6800
    @reyninodiongzon6800 Рік тому

    thank you for not sugarcoating. you answered plenty of my questions. cheers