The Truth About FOREX TRADING YOU Should Not IGNORE |FAKE FX GURUS| |FOREX TRUTH| |YOU MUST WATCH!!|

The Truth About FOREX TRADING YOU Should Not IGNORE |FAKE FX GURUS| |FOREX TRUTH| |YOU MUST WATCH!!|

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thank you very much guys for tuning in welcome  to vitalis talks money and today's edition we   are trying to unravel and reveal the truth about  forex trading in africa particularly why in africa   because i believe that if we do not share this  kind of messages many young africans are going   to TARNISH their dreams and therefore i believe it  is important that i share this kind of messages   revealing the truth about forex now forex  trading is not like how you SEE on social media   you scroll through your instagram and if you  are like him you probably follow a bunch of   forex traders you see all these lamborghinis these  fleshy cars luxurious houses stacks of cash now   all of this is just a marketing scheme all of  this is just a marketing hype to try and sell   you a dream try and sell you a dream that's all  it is and trust me if you take a look at some of   these accounts these instagram accounts you will  see that they are all trying to sell you something   by this by this this is possible through this  this broker this this recommended broker and   all of these kind of things and therefore just  join this course and this this all of all of   those accounts almost all of them they are trying  to sell you things now if you also take a look at   my accounts i'm also trying to sell things i have  products and services are available on some of   my accounts but trust me i believe there is a  big difference between trying to sell a dream   and trying to sell a genuine product therefore in  this video i want to reveal the truth about forex   trading and i'll be sharing the truth from my  own experiences that i have learned along the way   and therefore definitely i believe that the most  important lessons will be from my own failures   therefore guys i believe that if you stick with  me to the end i'll be able to reveal these TRUTHS to you i've outlined around seven truths that  you will have to look at to particularly uh   african people because i have seen a rise in uh  even google trends and google analytics if you   look at it they will tell you that there is a rise  especially particularly in the southern african   regions south africa namibia up there there is a  growth or trend in uh financial assets and trading   forex talks and investing and bitcoin all of  that therefore particularly is appealing to them   because i've seen that we have young people who  are throwing away their dreams you trust me there   is literally at this point in time one kid in high  school or one kid in college university somewhere   they're saying that i'm going to leave school  after just making several bucks from forex and   saying okay i'm going to leave school uh believe  FOREX is the future that's the TEMINOLOGIES they use   but in the very end of the video if you  stick with me i'll be sharing with you guys   the truth or the ability to be i'm an idea on  how to identify that this person knows what he's   talking about when it comes to forex when it comes  to any cryptocurrency or any financial asset i'll   be able to reveal truth to you and techniques you  can use to identify trust me this big time because   now when i've managed to be able to finally  understand this truth it was so interesting   to have conversations with these people so you  go and talk to these random guys they talk about   forex and then you'll hear their conversations and  you will truly know that this guy doesn't really   know what he's talking about therefore stick  with me to the end of this video and i will   be unraveling this truth i'll give you advice for  you to start and go on i've been trading i've been   in this trading space for about three years now  and if i'm talking from an experience and that's   why i want to share this video and i believe from  now on that's what i will be doing although i've   been struggling with the camera situation and  trying to be comfortable around the camera but   stick with me so i want to be able to share  this kind of truth i have outlined around seven   truth of them number one what you see on social  media particularly uh let me appeal to africans   i'm not in all those and i think the indians  are also busy although it's on the continent   they're also busy with claims and all these  kind of things around the world but particularly   africans what you see on social media the good  cars the big houses and all of these uh making   it look like it's easy and uh they will just  tell you the the type of laptop and lying around   the beach with all those uh beautiful things you  see there all of that is just a marketing scheme   it's it's a nice it's it's something that is they  are trying to lure you into buying their products   and services that i will apparently that will  apparently bring you that soft life the laptop and   receiving around the business letters and phones  and just in your office restaurants and parties   and all of this that's all that you see on social  media marketing seem to try and sell you the   dreams which is the products they're having there  so they actually get the money from from yet from   the from the courses they offer the indicators  and all of this over but trust me number one   there is a lot of scam around this industry  there's a lot of scheme there is no magic   indicator there is no magical course there is  no magical robot that will make you successful   in this industry that will make you rich trust ME  WITHOUT YOUR EFFORTS on that one and if you sit along with this   channel we'll be able to see and unravel the truth  exactly what it means number two this industry has   a lot of high failure rate the high failure rate  in this industry is so high about 95 percent of   people who come into forex all of them fail about  99 people who come forward all of them lose their   money in the first several days and all of these  things and because exactly of the hype they come   in and they come in with a different mentality  and all these conditions but trust me they   succeeding in forex requires a different mental  environmental belief from other industries and   therefore let me tell you something about this  95 of the people that fail in forex they are   particularly intelligent people professionals  who have succeeded in other industries teachers   doctors or many other lawyers intelligent people  so particularly intelligence is not really a   contributing failure to success when it comes to  this industry but these people are particularly   smart and intelligent so it's not like they are  unable to but they require a different type of   mental belief system and that's why only five  percent of people succeed now that's number two   there's a high failure rate in this industry uh  there's a lot of schemes and hypes and marketing   skills have been in this industry but before i  go into number three i want to share with you   particularly let me go back and share with you  what forex is initially forex it's a marketplace   where you have buyers and sellers so when you  take a buy trade someone has to take a sell   trade so when you take a trade actually you  are buying one currency and selling the other   currency right that's what what happens therefore  when you make money the money someone else has to   lose money when you lose money someone else has  to make the money that's initially what happens   and therefore now you have to ask yourself this  question this question you have to ask yourself   then who is always on the other side of the trade  i'm taking who's always on the other side of that   accident so this is actually a daunting question  now and what you don't see being mentioned often   by uh these gurus and all of these things but  trust me you are going up against big banks you   are going up against institutions professionals  PHD's the most intelligent people on earth you   are going up against these people and you ask  me how do i know this well how do i know this   because they supply most of the trading volume in  the finance financial foreign exchange market they   supply most of the trading volume therefore you  are going up against these people uh i'm a cyber   security major and trust me if you look scroll  around the vacancies offered by wall street and   all these other company financial institutions  around there they are they are hiring the most   intelligent people are around this industry  literal geniuses you are going up against   people and therefore you will see that  the type of salaries they offer to these   uh programmers that will do definitely qualitative  quantitative trading sorry for the word and   these guys get up annually of around 500 000 usd  converted to african currencies you will see these   guys are getting annually per annum big cash so  these guys are trading they are the ones we are   going up against and therefore you are telling me  john pete and whoever from south africa or whoever   from where he's a magical robot medical indicator  he has actually apparently found the magic source   to kill the markets trust me no one has actually  been able to defend the markets and therefore you   see actually what they're not even telling you is  that to be able to make consistent profit you need   to be able to continuously be beating these big  banks these institutions these professionals these   phds used to be beating that and that's what they  don't tell you and then when they tell you about   the plug-and-play robot indicator magical course  this is ridiculous expensive courses all of these   don't go for that but in this video we'll  be able to share this kind of truth with you so i have reviewed to you the so far the two  realities of it that is full there's a lot of   scam and hypocrite in this industry and therefore  don't trust anything you see the lavish class and   all these things you see on social media a lot of  hype that's not the realities of it there's a high   failure rate 95 000 people who come in actually  fail and only five percent manage to do it   correctly and those are the professional traders  we have went up there now i'm sharing uh the   third point the third point is that actually the  professional traders the ones who are consistent   with a constant equity rising curve the profit  this constant equity rising curve they do get   some losses but actually not detrimental losses  these guys they don't rely up they don't only   they have multiple sources of income forex isn't  only the source of income they actually have   multiple sources of income and trust me this is  why because forex is actually it's unreliable   you don't know what will happen next and you might  have a losing streak this whole week or these   days or the following week or for two months you  might be having a losing streak these professional   trainers know these things they have multiples  of income so they don't just rely on forex and   therefore you will hear the simple so don't quit  the job and done with your school that's what i'm   basically saying try and adapt multiples multiples  of income they don't just rely on forex they   also give courses and they may do many other stuff  but you should be quite careful with those courses   and that's what we will look into further as  well on this channel and some of the videos   we'll be making now the fourth uh some one of the  realities that we have to look into is that if you   are trading forex correctly actually it's quite  a boring process there's no things like anxieties   rocketing skyrocketing up high if you are doing  it the right way if you are trading for like a   business which is supposed to be that way there  is no anxiety type of trading you actually come   and you are just waiting for the market to tell  you when to enter and when to exit exactly you   fall you have a trading plan therefore this it's  quite a pretty boring task you will be sitting   most of 90 of the time of of your time you'll be  sitting at the desk if you're following those type   of strategies you'll be waiting for the market  to reveal to you what to do next when you enter   when to exit and all of that so you don't command  the mother to tell you what to do so that's one   of the things again it's actually pretty boring  uh it's it's it's there's no adrenaline pumping   really much if you are doing it the right way  of course if you are doing it the right way and   you will see in this channel we'll be talking  about it uh doing it the right way consistently another reality that you will most of the  times not see and what you what is most of the   time not sure on social media is uh that these  often always if you are doing it the right way   uh or whichever way it is actually you will  there is always a losing streak and actually   losing streaks are more than winning streaks and  therefore the idea is to actually there is no   strategy that will give you a hundred percent  accuracy but they are those who go to 60 you   will go to 50 to 40 those who are telling you  about 1900 are they they are scamming you but   you will see that this this is the kind of  percentage win rate you have so you will win   several times but you will also lose most of the  times and therefore actually you win most of the   times but the more but the wins actually more  than the losses i think i will cut this one out   okay so the winning streaks are actually less  than the losing streaks i've cut this one out how do i start the losing streaks actually   more than the winning streaks on  the winter the loose winning race losing streaks are actually more than winning  streaks what you do not see on social media what   is most of the times and therefore you'll be most  of the times losing more than you'll be winning   so the idea is actually to lose and minimize to  lose less money but when you're winning you're   winning big money that's how you end up on the  upside of it so the winning streak will always be   less than the losing streak and therefore you the  losers will always be more than the winners but   if you win big uh and then you lose smaller that's  actually the upside that's how you get the profits   now another thing that they are not telling you  actually what you do not see on the social media   hives and all these kind of things is that it's  actually a psychological and emotional internal   warfare within the trader it is a psychological  and emotional internal warfare within the trader   so trust me every trader with a beginner in  uh those who are intermediate who have not yet   identified and been who came across the realities  of it actually you have not made peace with you   they are going through internal and emotional  warfare within themselves the most difficult   thing actually in trading is the mental upstairs  date so 80 percent of trading is psychology and 20   is mechanics so most of the things will happen  up in your mind your diseases all this and all   these things have some so much emotional impact  on how you feel the days and it's actually it's   painful and therefore you will see that those are  the realities that you are not often taught being   being shown on this social media post most of the  times and therefore you will see that as you come   into it you should be prepared for that but over  time once with the right uh teachers to teach you   the right approach actually trade without fear  trade without any emotional pain and all this   there is actually an approach to that to trade  with housing you train without emotional pain   and i will be teaching that on on my channel  therefore it's an emotional and internal   psychological warfare within yourself that's  another reality and then the other reality is   that they do not show you on the social media  person whenever else and whoever your friend   is or whatever they're saying actually it is  painful hard work trust me it's painful hard work   when i first came into here i stay up the  whole night reading books read here watch   this video listen to these guys and these guys  and therefore the beginner you'll hear all these   guys talking about the money they made and all  this and almost they are all talking nonsense   so it's it's painful a dog to be able to actually  come out to the right guys trust me it's actually   interesting that in your forex journey the guys  who are hyping and talking nonsense and lying   and they are always the first ones in your journey  it's quite interesting they're all they're always   the first ones in your journey the schemas and  all of this they're always the first one in your   journeys the reality is that the real ones will  teach you the real skills to become profitable   are the ones you'll find in the end after  you have realized and you see the truth first   because you always want to get scammed that's  i don't know what's wrong with us human beings   we always want to get scammed probably until we  come to the right side and realize i'll come to   the realization of the truth so in your first  journey you'll see that there will be a lot of   fake things and all that but to actually come up  and come out of it and become obviously profitable   it's painful hard work reading this book here i  was probably reading a whole pdf of 100 pages 200   pages in a day that's the type of effort i had to  put tonight to compromise my schoolwork and time   and therefore it's painful hard work and therefore  if you only go through the right routes actually   i wish if i had someone to teach me these things  earlier on or like what i'm going to share here i   would have actually spent my time in i would have  concentrated much more better on my schoolwork   and you'll see that people are saying school yeah  what what what they're busy with nonsense but i'll   elaborate more further on it so it's painful hard  work it's it's not easy at all they are telling   you the plug-in plate just put in here you click  you buy and sell you go sleep now there's nothing   like that it's painful hard work the emotional  tone is high and what you see on social media   and all of those fake hypes they're trying  to make it look like it's easy through their   products that they're selling or their services  they are trying to make it look as easy   by this course here and then later in this channel  you will see why causes signals and all of these   are things actually nonsense but yeah those are  one of the things there so our movie so number   one we need to understand that most of these  realities of the social realities for exciting   includes the fact that there are a lot of scams in  the industry particularly around africa and india   nigeria and all of these regions so there is a lot  of high scheming activities and that the failure   rate is high like 95 of 95 percent of people who  come into this industry will never actually make   it and there's five percent of people who tend  to meet those most other people who are fighting   against the big banks or professionals and those  who have uh accelerated consistently with five   uh with are constantly rising equitable we also  see that the professional traders those who make a   living from it actually they have multiple sources  of income they do not just focus on forex living   as only sources of income because they understand  that for is unpredictable and you can have losing   streaks one in a day or the whole week or several  or the whole month you can actually have losing   streaks therefore you they tend to rely on  other sources of income another thing that   we've learned is that uh trading forex the right  way actually if you're trading like a business   if you're trading for it like a business  actually it's quite uh boring and uh laborious   you tend to sit around the table and uh it's  not uh anxieties uh skyrocketing up and down   adrenaline pumping it's like more calm because  you're just waiting for the market to tell you   what to do and not gambling up and down uh those  are most of the realities we learn we also learn   the realities that what is not mostly on social  media is that the fact that you actually have   more losing streaks than winning streaks you lose  more often than you win and therefore the idea is   to actually reduce and make sure that the volume  of losses in terms of money is actually less than   the volumes of wins in terms of uh of money again  you make more profits than you lose and that's   ultimately ends up on the upside and therefore  that's one of the reasons and the other reality we   come across is that actually it's a psychological  and emotional warfare within the trade and this   for studying is 80 psychology and 20 mechanics  and therefore we can go further into uh this   is how it works and how to actually start trading  without fear and saturating without emotional pain   there's a whole concept to that but the whole idea  is that trading is actually eighty percent it will   be psychology and uh twenty percent will be your  mechanics your analysis and all that uh to analyze   and to find an agent to determine when to buy when  to sell all of that is just contributing twenty   percent the real chunk of the work is in the  psychology that has to come with repeated work and   all that but there is actually an approach to do  that better and then we also learn that actually   the realities of it is that it's not easy but  social media makes it look like what people are   saying by this course if you only attend this is  the only thing you'll need and all this this robot   will help you this indicator will make sure  that you will never attend any other question   this this mentor will teach you this and this  like it's painful hard work for yourself and   therefore i will actually put up some graphics and  demonstrate actually how the time factor plays in   for you to actually become positively profitable  the ideas of uh just take this course and just   take this and you are good to go it's actually  not what will make you considerably profitable   when we say constantly profitable we are saying  this trader has a constantly rising input decay of   meaning his equity is always going up he has some  drawdowns but the drawdowns are not drastic like   what happens is blowing accounts that doesn't  happen so the drawdowns are small and maybe a   three percent four percent drawdown for the month  of which that's what we talk about constantly   writing with the drawdowns that are due to the  mistakes or due to the errors of the trading   system your she is using so there is constantly  hard work in it and therefore you will see that   the time factor plays a big role in determining  you become constantly profitable and therefore   these are some of the things we will look into  now because all of almost everything i've said now   it's almost been negative so what is the upside in  this how do you actually look at it positively and   how do you become constantly profitable it's  a very long story but this can be the short   advices i can give now prior to many things that  i will be teaching on the channel uh you have to   focus actually on the long term that's one of  the important key areas you have to look into   and you have to focus on compounding the account  size instead of spending the results you actually   let the compound effect uh come up and take uh its  store on the account like you see your abilities   and says that uh one of the eighth wonders of  the world is compound interest let your bin or   your trading account compound up you have to add  and constantly keep funding it instead of just   withdrawing component letter account trade work  on sustainable gains or sometimes they work on   sustainable gains on the account so and  again learn the skills learn the skills   learn the skills very important do not quit  your job or school learn the skills over   time time character and skill acquisition  plays a big role there's no magic shortcut   magic indicator magic tools magic course learn the  skills do not quit your job or your school they   can actually you can actually go to school and  do your job and you if you love what you're doing   you can actually work in congruence with trading  forex do not try and uh cut short corners day   and then uh other real or one of the advice again  that i will give you is that actually try and find   other sources of income that is quite important  professional traders they focus on multiple   sources of income not just one source of income  they don't just rely on foreign sources of income   find other sources of income  work on sustainable gains   work on the skill do not quit your job and all  that but these are many of the advices that   i'll be giving throughout this channel please  guys don't forget to like and subscribe this   is my first video if you like it will make  sure that youtube recommends it to other uh   viewers and therefore will be able to share this  message my content remains focused on trying to   uh give people a better advice from from a  practical standpoint or from a personal experience   standpoint and not be sold to the lies and the  dreams that are being shown on social media uh   i put in a lot of effort to try and produce  such content please subscribe support join   the communities we are trying to grow  and help us guys please please thank you

2021-07-29 20:54

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