I tried FOREX trading... so you don't have to.

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  • Опубліковано 8 лис 2024

КОМЕНТАРІ • 173

  • @Itscapitalk2024
    @Itscapitalk2024 Місяць тому +4

    I came here to listen and as a forex trader who's done it for over 5yrs. I can confirm that this guy is saying the truth. Everything spelt is true. I love how he put it that forex trading is a science, instead of predict use anticipate. We usually anticipate the market. Thank you Dickens.

  • @rankz.6474
    @rankz.6474 Місяць тому +8

    "I tried forex trading so you don't have to" is an insane thing to say

  • @peterrichard9769
    @peterrichard9769 Місяць тому +18

    You need to have a strategy, know your entry and exit,
    And your trading psychology

  • @kimlee001
    @kimlee001 Місяць тому +100

    Forex is real. I am a silent trader who makes good money in Forex. My advice, control your emotions, control your risk management, and don't overtrade, take what he market gives you, repeat all these processes and you will be good to go in the long run.🙏🙏

    • @Dkens
      @Dkens  Місяць тому +6

      I agree... Thanks for the feedback!

    • @usermialex
      @usermialex Місяць тому +2

      What is the best strategy to use. I tried to learn smc but all the trades i took went straight to stop loss

    • @kimlee001
      @kimlee001 Місяць тому

      @@usermialex I do not have any strategy because I trade using naked charts and I trade what I see, not what I think is going to happen. That has helped me more and more as well as improve my skills and emotions.

    • @HezOmanjo
      @HezOmanjo Місяць тому

      @@usermialex define zones on higher timeframes and also look for power of three patterns on those higher timeframes. Once spotted look for entries on the lower timeframes in the direction of the HTF with TP and SL respecting HTF. Thank me later.

    • @sambosco11
      @sambosco11 Місяць тому +1

      How much is good money

  • @giddyakali27
    @giddyakali27 Місяць тому +30

    This is by far the most simplified lengthy video of Forex Trading I have ever watched. This video deserves a lot of attention

    • @Dkens
      @Dkens  Місяць тому +2

      Glad you liked it!

    • @spedyworld
      @spedyworld 25 днів тому +1

      I was going for a FOREX trading lecture to pay $150 , you really saved me. Thanks Coach

  • @edgar254fx
    @edgar254fx Місяць тому +5

    5 yrs and grinding... never give up. MIND, MONEY MANAGEMENT AND METHOD,

  • @paul-pp1op
    @paul-pp1op Місяць тому +2

    Nice video! I like the fact that you were not biased. In just 18min you covered everything one needs to know before jumping in into forex trading. Indeed, a good strategy coupled with risk management and proper psychological knowledge could make one succeed in forex. Greed is the enemy of forex

  • @WordsPictures997
    @WordsPictures997 Місяць тому +3

    Sir, for the first time this has made sense 😅 You are REALLY good at explaining things

    • @Dkens
      @Dkens  Місяць тому

      Glad to hear that!

  • @mathewngila4593
    @mathewngila4593 Місяць тому +6

    In forex trading you have an edge over the markets in the long run if you have a good strategy

    • @254MM
      @254MM Місяць тому

      Which strategy, you are talking like a snake oil sales man😅

  • @mrplenty.7145
    @mrplenty.7145 Місяць тому +2

    Im glad you weren't biased and called it a scam.

  • @lecvic757
    @lecvic757 Місяць тому

    Your explanation contradicts what you pose to know. Your interpersonal skills is indept and you appear to be knowledgeable. Give us more pls.

  • @Juma-mfalme
    @Juma-mfalme Місяць тому +1

    You motivated me back in the day when you said Charles Dickens was your favorite author.since then I am reader of books

  • @ericmuthama1688
    @ericmuthama1688 Місяць тому +1

    Very good production quality

  • @mussekithuku2480
    @mussekithuku2480 Місяць тому

    Best and simplest explanation of Forex on the internet. Nice one 💯

  • @peterkangoro
    @peterkangoro Місяць тому +3

    Spot On Sir.This Market Is Lucrative If You Are A Pro.Great Video!🎉

  • @BenFx777
    @BenFx777 Місяць тому +1

    Good day bro I like your transparency. As hard as it is, you are telling the truth about trading in the simplest terms. Thank you.

    • @Dkens
      @Dkens  Місяць тому

      My pleasure! You're welcome

  • @kenyaan7000
    @kenyaan7000 Місяць тому +13

    Forex Trader here, i was actually expecting you to be biased like other people on youtube, who try it and call it a scam from the get go...but my you have exceeded my expectation. good analysis what you said its true especially the nerves of steel part, hio ni lazima!🤣nice video I like it *1000

    • @Dkens
      @Dkens  Місяць тому

      Haha thanks for the feedback!

  • @kevinelsk
    @kevinelsk Місяць тому +1

    You are great at explaining and breaking down complex concepts...thank you for availing this value.

    • @Dkens
      @Dkens  Місяць тому

      You're very welcome! Thanks.

  • @brianmukoma1456
    @brianmukoma1456 Місяць тому +1

    Great Information. Point of correction, for buy positions the ASK price is used. For sell positions the BID price is used.

    • @HezOmanjo
      @HezOmanjo Місяць тому

      @@brianmukoma1456 yep it's confusing for beginners but agreed. When you are buying it is actually the market selling to you hence the Ask price and vice versa.

  • @wahomethegeek
    @wahomethegeek Місяць тому +17

    Dickenns, I started forex trading this year too, and I really had emotional damage man, seeing all my money going . I have not traded for a month now and I have peace in my mind.

    • @Lyeveraxau
      @Lyeveraxau Місяць тому +3

      It's not for the weak.

    • @kenbaroofficial
      @kenbaroofficial Місяць тому +3

      😂

    • @HezOmanjo
      @HezOmanjo Місяць тому

      @@wahomethegeek it's okay to lose money as long as you are learning and have another source of income. Just target to lose less and less.

    • @IMPANO254
      @IMPANO254 Місяць тому +2

      me too what i noted in forex it affect the well being and inner peace the decision i made was to quit completly and now i can sleep well

    • @sammyaron3818
      @sammyaron3818 Місяць тому

      😂😂😂😂😂 inner peace 😂😂

  • @funnykenyacomedymemevideos8128
    @funnykenyacomedymemevideos8128 Місяць тому +9

    Forex is like gambling coin flip......every strategy works whether technical/news the idea behind forex is money management.....win big lose small...... don't increase your risk on losses 😢😢 risk 1% on every trade

  • @iamkibmusa
    @iamkibmusa Місяць тому +1

    wow my guy is back in like you never left bro....welcome team kapenguria as usual tumejajaa

  • @HezOmanjo
    @HezOmanjo Місяць тому +19

    The interesting thing is that no one ever knows where the market will go.Its a game of chance and probabilities. But it should not be confused with gambling - if you have a strategy that gives you any edge and you dont risk huge lot sizes you will gain in the long term. However if you are coming from football betting beware - you will lose all your money on FX.

    • @Dkens
      @Dkens  Місяць тому +1

      Well said!

    • @bellaolum9768
      @bellaolum9768 Місяць тому +4

      Forex is a game of probabilities, using the past to predict the future. Accept losses and celebrate wins, don't lose focus!

    • @antonyochieng8579
      @antonyochieng8579 Місяць тому

      ​@@bellaolum9768
      The best loosers are always winners.

    • @findinglela
      @findinglela Місяць тому +1

      Hez has gotten in the zone. Thanks 👍

    • @shirshavitalis8639
      @shirshavitalis8639 Місяць тому

      You are right, highly probability

  • @kevinblackshow001
    @kevinblackshow001 Місяць тому +1

    That's my surgeon, good job sir..

  • @dennisnyaga1651
    @dennisnyaga1651 Місяць тому +3

    forex is not for everyone you need mad resilience and emotional control, it really narrows down to personality, its not easy otherwise everyone would be doing it and it would be pointless

  • @pjdmoneymantrading2858
    @pjdmoneymantrading2858 Місяць тому +1

    It happens to the best of us.
    In this business your last loss or profit will certainly not be your last trade.
    You have to keep showing up everyday and you will eventually move the needle.

  • @anokkibet3514
    @anokkibet3514 Місяць тому +2

    I feel you bro, I traded a volatile market Gold and made 50$ in 10sec. The next day I lost 250$ wiped me out. I believe I'll make a comeback in future 😢

    • @BuzzEnga
      @BuzzEnga 28 днів тому +1

      Yooow bro, I been there & that shit depressing 😂

  • @c.990
    @c.990 Місяць тому

    You're back !!

  • @ssejjdelorenz3152
    @ssejjdelorenz3152 Місяць тому +5

    It is like any other skill out there. YOU HAVE TO PUT IN THE EFFORT TO LEARN. Not everyone is built to be good at all skills. This is the same, some are wired to be good. It aint EASY..do not be lied to

    • @DesmondKarani
      @DesmondKarani Місяць тому +2

      But let's be honest, losses are inevitable. The only way to succeed in Forex is to invest enough money in your account so you don't have to use too much leverage while still maintaining decent profitability. If you think you can invest 10,000 shillings or even 100k and think you'll be a millionaire tomorrow, you're dreaming 😅. But if you understand the basics, I'd say at least 500k is enough to not risk too much and still make something decent consistently.

    • @sourdiesel681
      @sourdiesel681 Місяць тому

      @@DesmondKarani SHut up ahhaha

    • @tessynn2906
      @tessynn2906 Місяць тому

      @@DesmondKarani you'll only need to invest 500k at first if you're greedy and don't have a day job. Start with that 10k learn, lose, win the small money, and eventually work yourself up to the higher thousands. You won't become a millionaire in your first few months or even years of trading.

    • @DesmondKarani
      @DesmondKarani Місяць тому

      @@tessynn2906 you misunderstood my statement. I never said you invest 500k if it's your first time trading. I said if you understand the basics (that is, you have gone through the phase of small accounts and know what you're doing) investing at least 500k (KES) is the only way to make Forex your main job. It's not about greed (what do you even mean 🤔, considering investing too little means using too much leverage which could wipe your account faster 🤷🏾‍♂️). The more you invest, if you understand the basics, the less greedy you'll be and still make decent profit regardless of losses. If you invest KES 10k and think you'll make anything meaningful without a lot of leverage (greed), you're kidding yourself. Forex works in big accounts. Trying to flip small accounts is just gambling and bound to lead to constant losses due to greed

    • @DesmondKarani
      @DesmondKarani Місяць тому

      @@tessynn2906 You misunderstood my statement. I didn't say you invest 500k if it's your first time trading. I said, that if you understand the basics, then investing at least 500k (KES) is the only way to guarantee decent profitability without risking too much. Small accounts (KES10k-100k) are bound to make you leverage too much to make anything meaningful, which increases chances of heavy losses. But small accounts are good for beginners since losses are inevitable in trading.

  • @TJFXs
    @TJFXs Місяць тому

    Nice video mate ❤

  • @deniskyalo279
    @deniskyalo279 Місяць тому +9

    The trading bug has bitten you sir. Overally, your analysis was on point on almost every topic.

    • @Dkens
      @Dkens  Місяць тому

      Seems so! Thanks.

  • @Sweta-h5n
    @Sweta-h5n 9 годин тому +1

    Best platform kon sa hai??

  • @irvinejerry2513
    @irvinejerry2513 Місяць тому

    First things find education and do opposite way im a swing trader i first value trading psychology,second technical analysis backed by fundamental analysis i compine all these together to get my edge in the market.if you follow these concepts you never go wrong in forex market industry.and another thing respect risk management don't over trade

  • @ClementMaina-b1o
    @ClementMaina-b1o Місяць тому +1

    personally everything youve said has been repeated over en over en over😂😂lkn im a trader tho profits ni low kiasi im learning...lkn this thing is legit...just use 1% of your capital

  • @Geeforexke
    @Geeforexke Місяць тому +1

    Thats a perfect layman's language explanation @dickens.

    • @Dkens
      @Dkens  Місяць тому

      Good to hear!

  • @umptenn
    @umptenn Місяць тому

    Here's what i'd suggest to beginner traders. You're in the market to make money... You want trading to feel real to you because that motivation keeps you going. Withdraw all your profit every time you earn. Don't wait. until you get really good then you can start investing larger sums... but in the meantime... withdraw your profits every time you make it.

  • @ptrouma
    @ptrouma Місяць тому +6

    Learn the concepts, or else you will loose your money.. 😂😂😂..kitakuramba 😢

  • @Traders_Bloc_SA
    @Traders_Bloc_SA 4 дні тому

    Great content my guy, seems like you've done your research well before engaging yourself on the Market. But I tend to disagree with your caption, if something didn't work for you it doesn't mean the same with the next person. for example, you're a good content creator if someone tried it and find it not suitable for themselves would you agree with the caption as yours? Forex is not a get rich quick scheme, people get the wrong impression as beginners and this thing take years of learning same as the content you did you didn't excel from the word go, you improved as time go and also gained confidence I don't know if am making sense.

  • @Joseph-rp4sh
    @Joseph-rp4sh Місяць тому

    Perfect video editing skills

  • @lameckotieno639
    @lameckotieno639 Місяць тому

    Just like universities and colleges, you need to invest your time and money in forex. Forex is a skill too. Pays more than what you could think. Just find your way

  • @beckykuria
    @beckykuria Місяць тому

    Good job sir, well educative 🎉

  • @emekwi
    @emekwi Місяць тому +1

    very good explanation have you ever done idea funds?

    • @Dkens
      @Dkens  Місяць тому

      Thanks... Index funds?

  • @mikelay5360
    @mikelay5360 Місяць тому +1

    Broo please do crypto next. Thanks

  • @LostShamen
    @LostShamen Місяць тому

    The thing is it takes years of practice and 1000s of hours on the charts, education, and testing. This isn't a easy skill set to aquire at all. It took me over 4 years of pain and suffering before I became profitable.

  • @aronopmusic
    @aronopmusic Місяць тому

    If don't finish the video you will criticize him but he has good advise at the end of the video thanks man 😊

  • @itswebie
    @itswebie Місяць тому +2

    Kindly update any of video about Importing stuff from abroad please

    • @Dkens
      @Dkens  Місяць тому

      Coming soon

  • @Alpha-lm5vd
    @Alpha-lm5vd Місяць тому +5

    Amazing content...how I wish you could hook us with crazy editing and music....jokes....etc

    • @Dkens
      @Dkens  Місяць тому

      Thanks! More coming

  • @jay_ob5437
    @jay_ob5437 Місяць тому +2

    Key point at 18:26🤝🏿

  • @Baddeste
    @Baddeste Місяць тому +3

    I love your content for sure but I'm always curious have you ever thought of also doing medical content since you are a surgeon?

  • @abdirahman292
    @abdirahman292 Місяць тому

    You shouldn't feel bad for losing the profits because that was pure luck and wasn't a skill based decision. When you start learning forex, at the beginning it's gambling, and you will lose money. That's the price you pay to learn this lucrative sector. The journey is long, only the strong makes it out successful.

  • @harrisonmuturi2426
    @harrisonmuturi2426 Місяць тому +1

    My three years of experience: Market is a game of GREED, FEAR, WEALTH, and UNCERTAINITY. It's a complex system that requires deeper understanding. Forget everything else and first learn how to play the game.

    • @Dkens
      @Dkens  Місяць тому

      True!

  • @dankarari5072
    @dankarari5072 Місяць тому +3

    Which channels can you recommend for someone who wants to learn

    • @evansmunene2278
      @evansmunene2278 Місяць тому +2

      Start with baby pips to learn the basics like lot size and pips....afterwards do alot of youtubing on market structure...then graduate to ICT concepts

    • @nyangau8740
      @nyangau8740 Місяць тому +1

      Ict doesn't work​@@evansmunene2278

    • @michaelkinyanjui3477
      @michaelkinyanjui3477 Місяць тому +1

      JeaFx or Smart Risk

    • @Dkens
      @Dkens  Місяць тому

      Well answered

  • @zazox_FX
    @zazox_FX Місяць тому +1

    you don't just join trading and start making money right away

  • @RashidHaji-y4n
    @RashidHaji-y4n Місяць тому +1

    Forex or binary trading is so complicated and it is real you can't clam just learn of it just in one or two weeks... you need a long time to grasp it. You using wrong wording when you say "if you feel" you analyse the market and know the current events to predict where price will decline or appreciate. if it is worldwide then it true

  • @peterrichard9769
    @peterrichard9769 Місяць тому +1

    Trading psychology,

  • @optimus_cruz
    @optimus_cruz Місяць тому

    Could have, should have, would have!!! I can't do Forex again to be honest because I've never healed from the trauma😂😂

  • @siracidprime7917
    @siracidprime7917 Місяць тому +3

    I think uliskip part ya risk management, you only risk 1% to gain 1:2. This means even when you have a low win rate kitu 40% bado uko in profit. As you have started trading, invest in money psychology courses to control greed. ulafi itakumaliza forex my guy. when trading use proper risk management and all will be fine with the emotional drive. Forex si ya mnyonge, lazima ukuwe kichwa ngumu ama if you are not strong enough learn the skill ya programming to automate your strategies. Na kama unatumia indicator, wachaaaa. Learn kitu inaitwa price action ... pure chats bila retail bias. Wakenya wanbanniwa kutrade prop firms juu ya kuungua forex my guy. wako tu huku wanasoma comments wakicheka chini ya maji. IYKYK 🤣🤣

  • @findinglela
    @findinglela Місяць тому

    In a nutshell, forex trading is for those who want to make a slight higher profit above bank deposits interest income. Something like 3% gain monthly(only for legends). However, majority of people join forex trading to make 10% or more gain monthly. Therein lies the losing crowd 😂

  • @nicholuswaithaka7060
    @nicholuswaithaka7060 Місяць тому +1

    Hfm is not local but international

    • @Dkens
      @Dkens  Місяць тому

      Oh ok. Thanks for the info.

  • @learntounlearn4922
    @learntounlearn4922 Місяць тому

    Its GBPUSD the stronger currency comes first

  • @michaelkinyanjui3477
    @michaelkinyanjui3477 Місяць тому +1

    Its GBPUSD not the other way round.

    • @Dkens
      @Dkens  Місяць тому

      Yes I figure... It was just a superficial explanation I didn't think about it. Thanks though!

    • @findinglela
      @findinglela Місяць тому

      Doesn't matter. Works either way

  • @djspicey2543
    @djspicey2543 Місяць тому

    *one man*

  • @SusanKavengi
    @SusanKavengi Місяць тому +1

    Finally...

    • @Dkens
      @Dkens  Місяць тому

      Sure!

  • @philkybe8465
    @philkybe8465 Місяць тому

    If you don't understand time and price, bro you will tarmac all the rest of your life

  • @zipporahmusee4440
    @zipporahmusee4440 Місяць тому

    Online trading is just a professional economics scam, its concept is so simple, which depends on fluctuations of currency changes, simply probability, which can give you minimal earnings, you have to deposit to lose😂😂😂😂

  • @Divinetrader7375
    @Divinetrader7375 Місяць тому +1

    🤣🤣🤣 best video

    • @Dkens
      @Dkens  Місяць тому

      Thanks!

  • @jklove430
    @jklove430 Місяць тому

    hahaha risk management is the solution

  • @ThriveThought
    @ThriveThought Місяць тому +4

    You are naive sir.

    • @Dkens
      @Dkens  Місяць тому

      Oh, really?

    • @HezOmanjo
      @HezOmanjo Місяць тому +3

      @@ThriveThought UA-cam "needs" negative comments like yours every once in a while to confirm that the content is legit.

  • @wesleyolifant3665
    @wesleyolifant3665 Місяць тому

    This video is filled with incorrect information. Do not listen to this guy. Do your research before making a video!

  • @zahara_kenyan
    @zahara_kenyan Місяць тому +2

    Over $1 trillion is traded daily globally

  • @tolbertchijioke-jn6nw
    @tolbertchijioke-jn6nw Місяць тому

    Devil is using you to kill people motivations.

  • @BarneyCanaAvako
    @BarneyCanaAvako Місяць тому +1

    Thank you for the informative video but you are a quitter and belong to the 90% traders who loses and give up. Success doesn't come easy and at first attempt. You have to fail many times before you will succeed.

  • @FibboKing
    @FibboKing Місяць тому +5

    Forex is gambling

  • @evansmunene2278
    @evansmunene2278 Місяць тому +2

    All am hearing is poor risk management and lack of proper education on the markets

    • @Dkens
      @Dkens  Місяць тому

      Good take away point

  • @Mrpeace1900
    @Mrpeace1900 Місяць тому +1

    I would suggest people to engage in trading rather than aviator, that thing is a crime scene that kenyans needs to avoid.

  • @kenny099
    @kenny099 Місяць тому

    Forex is real but people shouldn't hype it as people say am a trader i make losses and profits as well
    Forex isn't easy and not for the week 🤣🤣🤣

  • @martineybev847
    @martineybev847 29 днів тому

    Hello Daktari i’ve been trying for a month now to reach you concerning treatment I dont know how ill access your number I really need an access to talk to you please help me out

  • @zazox_FX
    @zazox_FX Місяць тому

    you don't just join trading and start making money right away