Cost Of Becoming A Full Time Forex Trader in Philippines 🇵🇭
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- Опубліковано 10 вер 2024
- Full cost breakdown of living in Manila, you will be very surprised! It's been a month since I moved here to focus on trading full time. I've had to keep the costs low whilst income from trading is not consistent yet but still allow for a comfortable life.
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#forex #philippines #digitalnomad
Trading has been rather rewarding to me and I've learned that getting a good roi is very much attainable if you know your way around it.
How are you able to make profit? I’ve not been profitable the past 4 months since I started trading.
It’s not rocket science. Jonas Herman, a certified trade analyst is the brain behind my success. I've gotten into a plethora of assets with $5k spread across fx & stocks (options and futures) for the short term and, index funds, and ETFs. Now with over 21k, I sit back and just reinvest at intervals while I focus on my career and family.
That's your view. In my experience, there is no such formula, it is nearly impossible to achieve success with trading. It’s all just gambling.
I’m new to trading and haven't made any progress. At this point, I wouldn’t mind using experienced hands while I focus on other things. Can he help me?
Hermanw jonas that’s his gmail okay
I'm a full time 7 figure day trader and I'm just scrolling through YT vids because I'm bored and always feel like there's at least some small room for improvements to learn. So great vid. Full time trading is a rough transition but you def will get there with consistency !
Thanks man! It's a rough road ahead, good to see you made it happen
Where do you trade?
Cap
🧢
send tips bro
Nice vlog Matt. Loved the cinematics and the street food look delicious. I'll definitely visit the Philippines someday.
Thanks Garrick!! Got to visit sometime, same SA's on my list!
@@matt_cruzWhere do you trade? Can you give a link?
If only people would realize that low cost of living is the foundation of being a profitable trader.
Forex or Crypto Trading really rewarding. I am into crypto trading and doing wfh. I was in another country for 3 years and it had consistently supported me and my family here in manila. You can trade anywhere in the world.
The Future is bright brotha, you just gotta get though all of it 💪
you would be surpised that u can get much lower than that. WAY MUCH LOWER PER MONTH.
3-6k PHP per month Rent
4-6k PHP per month Food
2-3k PHP per month Transpo
700 PHP water n Electric for 1 Person.
6000 PHP in Manila ? That’s crazy affordable
My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to larysa Caba, my portolio is doing really great and im proud of the decisions i made last year.
I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Larysa Caba. I now make huge profits by weekly through her services while still learning to stand on my own.
I think she trades for everyone I meet. I met her twice at a meeting in Germany and after her lectures from Ella I had to personally ask her to be my financial advisor. she is definitely good.
I have never seen a trader as open and transparent as Larysa Caba with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.
I just looked up her name online. she is licensed with credible certificates and has an amazing track record. Thank you for the message.
I'm new to this and have heard that now is an excellent time to buy. However, I currently have cash sitting in my bank account that I would really like to put to good use because inflation is at an all-time high. Who is this coach that you mention, and do you mind if I look them up?
Positive cash flow wirh minimalism is key to sustainable trading but do pamper yourself from time to time. Good luck
Nice one Matt! Thanks for the trip down memory lane. Wishing you much success in your trading journey so that you can make PH your home.
Thanks Vivian!! I'm gona make it happen 💪 Come back here someday!
Great content Matt me I'm in the Philippines and I'm a trader
You should focus on fundamental analysis too. so that you will have a higher conviction of the market.
Yo no joke my guy we live in the same building, aspiring to be a full-time trader here too, hopefully ill reach the confidence to trade full time like you bro.
Haha no way! give me a shout on insta bro
pilipino trader here thanks for this video
Holy snaps we in the same boat. Doing exactly the same thing for exactly the same reasons. Moving to Pinas next month!
Nice vlog brother!
I am a full time forex and crypto trader as well here in Philippines.
paturo pre sunog always eh huhu
Nooo wayyy… this is literally my plan… FairPlay to you man.. saw some of your videos before when you were trying to get funded. Great play man. Love the Philippines 🇵🇭 I’m uk based, but selling up soon
Philippines is waiting for you! Good luck bro 🤝
@@matt_cruz cheers Matt… should be a good week ahead… on the watch tomorrow for me is nas shorts & GJ shorts. Let’s get it bud.
Thank you for sharing this. I am planning to move there again and trade from Philippines because of the cost of living, great food, and beautiful beaches.
Go for it Dan!!! Philippines is waiting for you
i trade stock options full time. We just moved from the US to BGC and touring pretty much the whole south east asia. Keep it up bro
Thanks bro! Enjoy BGC and the rest of SE Asia, lots of places to discover 🤝
New subscribers here from Dumaguete Island Philippines.
Nice concept Matt, Bold move. Wish you luck bro❤
Nice vlog bro. So glad to see someone in the Philippines that does day trading. Thanks for inspiring!
Thanks bro 🙏 I'm glad to hear from many day traders here. Hope your trading journey is going well 🫡
Thanks for sharing the breakdown! Didn't realize how cheap that was!
Thanks Vince, It is! some things a little more expensive that places like Thailand surprisingly but keeping a budget, you can't go wrong
Wowwwww - love this vid . I'm a digital nomad based in London currently looking to move somewhere like here or Vietnam or Thailand.
Hey good on you bro for making a jump to doing something new and dynamic! Good luck!
Thanks bro! Appreciate that 🙏Best of luck to you too 👊
Hey Matt,
I just came across your channel and really enjoyed your video. I'm also a full-time day trader living in Manila. It would be great to meet up sometime!
Thanks man! definitely, I will be planning a meet up in the future, I'm excited to meet other traders irl too. Reach out on insta 🤝
Hey, Matt. I recently stumbled upon your channel, I'm also from Manila and I plan on going all in on trading some time next year too, but unlike you I would prefer to trade my own capital rather than go through the prop firm route. I currently work in IB atm, but I'm just building up my capital. Keep grinding with the videos and trading, bro.
Thanks bro! Best of luck going full time next year. I will start trading personal account myself soon too
trading is always. you vs you. Don't care about what others are doing this and that. Just study simple PA and please for the sake of all things leave those low ass time frames alone especially in such times of uncertainty. Also study open interest and order blocks. Just focus on the data of buyers or sellers and go with the most dominant. Easier said then done yes. Taken me 2 years of going through hundreds of indicators, countless hours of back testing bunch of different shits, many many strategies; when all along the simple your trading the better. With forex though you'll also need a very good broker. I trade mainly crypto. Forex and TradFi to slow for me.
Great video! Keep striving, Matt. Hoping for your success! I'm also from Quezon City, Metro Manila, PH. Let's have it! 🔥
Eastwood is dope yo! Just found your channel, looks interesting, will follow your journey, good luck mate! peace from Poland.
Thanks Lance! Haven’t been Poland but l love the people 🤝
Good video and I have some foreign friends who managed to drop down their monthly expenses into half of your current monthly expenses by moving from Manila to Pampanga, specifically in either Angeles or Mabalacat City.
And everything you need are also nearby. And here, you can get your own apartment with 1 bedroom for like 5000 pesos. Plus if you know or learn how to drive a motorcycle, then you can buy one for around 50-60k pesos, one time expense and yet it will be a huge convenience for you.
Apartment rent /month - 5000 pesos
Electricity /month- 3000 pesos
water /month- 500 pesos
internet /month- 1000 pesos
gas for your motorcycle /month - 1000 pesos
laundry 4 x /month - 1200 pesos
Thanks for the info! I am thinking of trying out province life in the future, definitely sounds good, not just for the prices but lifestyle. Pampanga sounds great also, would look somewhere a couple hours drive to Manila ideally
I did the same 15 months ago to pursue my online business and haven't looked back. Only lasted a month in manila before relocating down south.
Great to hear 🙌 I hope south is treating you well, been Davao before, lovely place
Hey bro, I could relate to you right now, I moved to the Philippines a few years ago, and I am going through the same journey as you in trading.
Hope it's going well bro 🤝
Wishing you good luck and success Matt!
Thanks John, good luck too 🙏
Nice vlog! Excited in your journey as a full time forex trader here in PH. keep it coming bro
Thanks Bro! Happy to be here in PH, will keep the content coming 🫡
Great video Matt. Im glad to be here and watch your every step to the success. Also i am sure you can do it, keep it up!
Thanks bro!! Looking forward to seeing your journey on Discord, keep killing it 🫡
Hello there mate, just don't forget to set aside a bucket for your health insurance. Getting unwell is part of us human but it's gonna be expensive if it's in-patient.
Thats the Goal live in the Philippines. Minimize living expenses compare to UK or USD. I’m thinking of trading part time as I own a Farm in LaUnion and work here in California every 6 months I’m in the Philippines
I'm looking to do the same thing long-term. Move to Cebu, live as cheap as possible, whilst still having a more enjoyable life than in the UK.
Go for it! Cebu's a nice place, sunny beaches and even cheaper than Manila
Bro that’s crazy I’m Filipino too and I’m thinking moving to cebu
Love this content Matt! Would love to see more videos like this, and travel content as you said.
You’re inspiring me to want to move abroad, I already have the desire and this is super encouraging!🎉😎
Thanks Jen!! Go for it! Will defo try make some travel content soon 😎
Way to go Bro! Im Pinoy too living in Canada and swing trading US ETFs, Wish you all the best!
You are hustling backwards
See you soon brother!
Ill never understand why people choose to do something like Forex, or day trading which has 90+ % loss rate but you can sell Options using the wheel strategy and get a 90 tom 95% win rate. At the very least have that process as a backup to keep money coming in
Good content ❤ keep going
Trading is good for daily income for small account, but investing in small market cap cryptocurrency will change life forever❤❤❤
Thank you for sharing
Welcome to philippines Matt!
Weh
Kala ko sa Forex Trading Pinas lang kita makikita, Pati pala dito haha.
Thanks Revs 🤝 happy to be here!!
Love the content bro, it keeps motivated.
Working hard to make this into reality
You will, it's not far away, you got this 💪
BGC is best to live in Manila
I sub! great video. Keep it up!
Thanks Sean, appreciate it 🙏
This is motivation for me. Earn money anywhere, anytime
until your globe conks out. make a video once it happens
Welcome to the Philippines brother. Hoping for ur success.
Thanks brother, all the best to you 🤝
very informative bro 👍
On God
I did the same but I moved to Thailand, In my opinion moving abroad before actually having any consistency is a mistake. Trade part time until you're actually making money. I had to return to the UK after 2 years, I always felt on the cusp of making it with my trading but never got there in time. Now I trade outside of my working hours and its working better than when I was full time.
I hear you Scott, it is a risk but I'm sure you appreciate the experience you had in Thailand and don't regret going for it. You probably learnt a lot. So whatever happen, I would rather fail but know I've given it a go. Changing your environment is still a big catalyst for growth imo
Love the video bro, I live just outside Eastwood City, not yet a full-time trader.
Thanks bro! See you around!
Amazing breakdown
Thanks Mustafatahir! Glad you enjoyed the video 🙏
welcome to Philippines my guy same I'm a trader myself dude but I'm not a big fan of forex since you clearly don't know what's happening behind it compared to stocks and future wich you have a sense on what's happening... But hey hope you enjoy your stay...
I been planning on doing the same thing. Just need to get my Employer to ok overseas since i already work from home.
this is exactly what i wanna do. I got the trading down. Now i just gotta move. My biggest issue is trying to figure out how much money i should bring with me as a safety net. Once i move i don't wanna go back. Also what are the tax rules for forex/crypto traders anyone know?
For your situation i suggest about 6-12 months of your monthly expenses would be a good safety net
yep 12 months safety net would be good. Hopefully the digital nomad visa will be release soon, that's tax free on any foreign income, other than that, you could always stay in PH just under 6 months and travel the region
Yooo, im a forex trader too bro, living in Manila! Thanks the video
Is there a community of forex trader in Manila to link up and connect? I’m new to trading from California but originally from LaUnion
As a Filipino, his price/s list is on point. His 6months contract studio type 18k php per month is cheaper than usual because that rate are mostly for at least 1 year lease contract. Love the content, wish you luck mate.
Thanks mate 🙏 best of luck to you too. Yh your right also, 6 month kinda hard to find at this price, I was lucky!
I am a Filipino but Thailand food is better than Filipino food.
u can buy electric unicycle for traveling everyday…
Salamat ..
Sa pag pili sa pinas
I am newbie forex
Im a Full Time trader still not profitable since 2008.😅😅😅
Crypto trader ka bro?
Hoping someday
eyooow we live in the same building broooo...I just started to learn trading as well
Is 50 dollars daily profit in trading is good enough?
Top video, keep it up👍🏼
Thanks Alex! 🫡
excellent video,
After your second extension with ACR card the tourist visa extension cost goes down to p2830 for 2 months including express lane fee, p1830 if they allow you to do a non-express extension. 👍
ah great, thanks for the info. Don't have an ACR card yet but will be worth getting it
hi id like to meet you i live in manila also and im a crypto trader.
Finally a vlog!
Gogo!! LFG 🫡
I decided on Thailand, way better food
I'm English from Portsmouth, lived in Quezon City for 3 months, loved it there, been in Cambodia for 3 years now. Think it was called the Victoria towers I stayed in.
Oh wow, I used to go Portsmouth and Havant when I was a kid to visit family. And I've been Victoria Towers before, near GMA, 2 floor condo right! That's coincidence haha. Hope Cambodia is treating you well 🤝
@@matt_cruz I'm from Purbrook, right next to Havant and parents are living in Havant now lol. Crazy how your channel popped up randomly lol.
love your content king💥🤟
Thank you 🙏🫡
Nice vlog, Matt. This is my first time watch your video and I like it. Very informative. Instant follow. Quick question regarding a payout you get.. Since you in PH, if you get payout, how do you deal with Bank and Tax.. please if you could talk about it for next content.. Cheers!
Thanks Gary! I will keep that in mind for next content. Ideally, I would be waiting for the digital nomad visa to be released this year, then any profit is tax free. Plus if you travel and only spend less than 6 months here, you won't be eligible for tax on your profit. Hope that helps
love this bro!
My bro!!
it would have been a lot cheaper if you cook your own food @ 70% of the time. Which will save 80% of your food cost. But for convenience sake you can opt in on the the carenderias. Thanks for sharing.
Thanks Peter! Luckily I have family here to visit for the best home cooked food. Can't cook lol
Great Story Mr. Cruz. I live in subic,.
Thanks Carnivore Trader! Subics nice, I was actually there recently
Woah!. I use to watch your vlog before. and now your here in our country (PH). I"m also working in a trading industry. hope we can have collaboration. where I can contact you? stay safe and cheer$$$!
Hey Dragon! Wow thanks, glad my content reached you before. reach put to me on insta @matt_cruzzz
Nice vid Matt. Thank you!! The food looks bangin!
Thanks bro!! Appreciate you 👊
Prosperity for the Philippines :)
Sir, honest question is it really good to be a forex trader? Because i want to learn for my future but the problem is i don't have any idea about forex.
It's a tough journey to become profitable, learning about forex is the easy part, learning about yourself and transforming yourself into a good trader is the struggle for many years after. But that's what makes trading rewarding, and the financial freedom of course. So yes, it is good, but going take a lot out of us.
Do you need to give up your uk passport for dual citizenship purposes? Getting around the not needing to renew visa stays
How do you get permanent residency in Philippines?
what strategy do you use? I'm a forex trader also. before I was an OFW. Now full time trader. Trading only XAUUSD.
Welcome to philippines❤
don't do this very high risk and paying lot of fees stay on ETF or Index funds
Try to live some province it is more cheapest and healthy also
Nice video boss just wondering if you don't mind me asking what is the difference in amount of your expenses in London vs here in Manila in your estimate, doesn't have to be exact. I used to live in US and now settled here and there is a huge difference like I can't believe how much $100 can buy in groceries here in the Philippines
Big difference Rafael, rent alone for my old apartment is close to 4 times as much. Groceries here are cheap, a few items more expensive than expected though. I wouldn't say Manila is the cheapest place in Asia by far, also to note Air BnB is more expensive here than in places like Thailand and Vietnam
Baguio city is one
I daytrade as well, when I get to philippines we should link up. I subscribed and good luck on your journey
Thanks man! will be planning a meet up in the future, reach out anytime on insta
Welcome to our country Matt, 😊 trading for living
Thanks Nego! Happy to be here
Subscribed, do you teach trading or conduct webinar for trading as well?
you have a very good youtube video.