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.
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.🙏🙏
@@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.
@@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.
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
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
@@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.
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.
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
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.
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
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.
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 😢
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
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.
@@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.
@@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
@@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.
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
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
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.
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.
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
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.
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.
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.
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
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 🤣🤣
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 😂
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😂😂😂😂
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.
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
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.
"I tried forex trading so you don't have to" is an insane thing to say
You need to have a strategy, know your entry and exit,
And your trading psychology
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.🙏🙏
I agree... Thanks for the feedback!
What is the best strategy to use. I tried to learn smc but all the trades i took went straight to stop loss
@@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.
@@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.
How much is good money
This is by far the most simplified lengthy video of Forex Trading I have ever watched. This video deserves a lot of attention
Glad you liked it!
I was going for a FOREX trading lecture to pay $150 , you really saved me. Thanks Coach
5 yrs and grinding... never give up. MIND, MONEY MANAGEMENT AND METHOD,
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
Sir, for the first time this has made sense 😅 You are REALLY good at explaining things
Glad to hear that!
In forex trading you have an edge over the markets in the long run if you have a good strategy
Which strategy, you are talking like a snake oil sales man😅
Im glad you weren't biased and called it a scam.
Your explanation contradicts what you pose to know. Your interpersonal skills is indept and you appear to be knowledgeable. Give us more pls.
You motivated me back in the day when you said Charles Dickens was your favorite author.since then I am reader of books
Very good production quality
Best and simplest explanation of Forex on the internet. Nice one 💯
Spot On Sir.This Market Is Lucrative If You Are A Pro.Great Video!🎉
Glad you liked it!
Thank You Sir
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.
My pleasure! You're welcome
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
Haha thanks for the feedback!
You are great at explaining and breaking down complex concepts...thank you for availing this value.
You're very welcome! Thanks.
Great Information. Point of correction, for buy positions the ASK price is used. For sell positions the BID price is used.
@@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.
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.
It's not for the weak.
😂
@@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.
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
😂😂😂😂😂 inner peace 😂😂
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
You're conscious of the logic. Thanks for your honesty 🎉👏
@@findinglela welcome
wow my guy is back in like you never left bro....welcome team kapenguria as usual tumejajaa
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.
Well said!
Forex is a game of probabilities, using the past to predict the future. Accept losses and celebrate wins, don't lose focus!
@@bellaolum9768
The best loosers are always winners.
Hez has gotten in the zone. Thanks 👍
You are right, highly probability
That's my surgeon, good job sir..
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
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.
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 😢
Yooow bro, I been there & that shit depressing 😂
You're back !!
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
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.
@@DesmondKarani SHut up ahhaha
@@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.
@@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
@@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.
Nice video mate ❤
The trading bug has bitten you sir. Overally, your analysis was on point on almost every topic.
Seems so! Thanks.
Best platform kon sa hai??
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
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
Thats a perfect layman's language explanation @dickens.
Good to hear!
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.
Learn the concepts, or else you will loose your money.. 😂😂😂..kitakuramba 😢
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.
Perfect video editing skills
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
Good job sir, well educative 🎉
very good explanation have you ever done idea funds?
Thanks... Index funds?
Broo please do crypto next. Thanks
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.
If don't finish the video you will criticize him but he has good advise at the end of the video thanks man 😊
Kindly update any of video about Importing stuff from abroad please
Coming soon
Amazing content...how I wish you could hook us with crazy editing and music....jokes....etc
Thanks! More coming
Key point at 18:26🤝🏿
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?
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.
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.
True!
Which channels can you recommend for someone who wants to learn
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
Ict doesn't work@@evansmunene2278
JeaFx or Smart Risk
Well answered
you don't just join trading and start making money right away
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
Trading psychology,
Could have, should have, would have!!! I can't do Forex again to be honest because I've never healed from the trauma😂😂
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 🤣🤣
😂
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 😂
Hfm is not local but international
Oh ok. Thanks for the info.
Its GBPUSD the stronger currency comes first
Its GBPUSD not the other way round.
Yes I figure... It was just a superficial explanation I didn't think about it. Thanks though!
Doesn't matter. Works either way
*one man*
Finally...
Sure!
If you don't understand time and price, bro you will tarmac all the rest of your life
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😂😂😂😂
🤣🤣🤣 best video
Thanks!
hahaha risk management is the solution
You are naive sir.
Oh, really?
@@ThriveThought UA-cam "needs" negative comments like yours every once in a while to confirm that the content is legit.
This video is filled with incorrect information. Do not listen to this guy. Do your research before making a video!
Over $1 trillion is traded daily globally
6 Trillion
*6 trillion
Devil is using you to kill people motivations.
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.
Forex is gambling
Yeess 😊
The joke is on you then
All am hearing is poor risk management and lack of proper education on the markets
Good take away point
I would suggest people to engage in trading rather than aviator, that thing is a crime scene that kenyans needs to avoid.
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 🤣🤣🤣
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
you don't just join trading and start making money right away