Trading Cryptocurrencies and Stocks | At The Table By Urban Forex Ep.002

Trading Cryptocurrencies and Stocks | At The Table By Urban Forex Ep.002

Show Video

all right guys uh welcome welcome  how are you guys well good   good good good good yeah how are you good good  good good all right all right so welcome to   the next episode of At The Table by Urban Forex my  name is Navin as you guys have probably already   known me and then if you guys wanna we can start  with uh the guy with no hair my name is new hair. My name is Armand Hey I am Lucas hey so Lucas for those of  you guys who don't know him Lucas is the host of the London conference rooms over at the Elite Community at Urban Forex and then we have mr Ian here I'm Ian, I am usually on the support side  handling all the questions that come through on the support side of Urban Forex yeah so all those emails that are pouring in on Urban Forex if you see in all these episodes going forward if you see Ian's hair color start to change you know who's at fault, it's you guys Or if it starts to resemble to my hairstyle Armand used to do what Ian used to do and  that's what we've ended up with as soon as I see some I'll just I'll be  calling you Armand just to get some advice on   I'm the worst person to ask advice  because you know it didn't work So what's our topic today? All right so today we're going to be talking about something as we're going to do a webinar on it as well you know we've got 30 minutes to go before we do the webinar on it but we're going to be talking about the different markets you can use with the way we trade right so you know we've been generational forex people we've been dominating the industry 10 years plus highest ranking everything you can name you know customer service, support, billing, whatever you can think of we are the top dogs when it comes to forex. Now the question comes out as more and more students are coming in saying well can we do  cryptos using what you teach can we do stocks can   we do futures what if i do stocks in india or  you know tokyo can i can i do them so it's it's   a very interesting thing how it's expanded into  uh that direction even though i didn't want it   to go that direction but it's pulled me into that  direction so so be it so be it and that's fine but cryptos What do you guys hear about cryptos?  What's your take on it a lot like we hear about   Everyone and your dog. Seems to be the latest trend or topic a hot topic in the market right now is cryptos. Especially bitcoin, especially it seems to be the   cool the cool thing to trade and do yeah If you want to know how hot the crypto market is going to your local supermarket and just say bitcoin  a little bit loudly and see how many heads turn   that's how popular it is everyone just knows  about it yeah a few years ago people would have   said bless you but now they look at you like  oh what what does he know that i don't know   yeah and the secret weapon for the average bitcoin  trader is buy right it's like he knows the secret   formula and it's buy like there is no trading  experience involved it's just buy right yeah so   we're going to talk about that a little bit today  huh no i was just going to say it's been trending   a lot. It is yeah what are the prices right now  on bitcoin that's what 55 56 from last we saw it

right no it's around yeah 55 right 55k yeah there  you go so we have a guy watching live he's saying   55 more saying live manish is saying 55. okay  okay so yeah that's what we're dealing with when   it comes to the cryptocurrencies um the markets  are going crazy there's a million of them to   choose from and that's what we want to talk about  today is when you're doing forex you're bound to   28 pairs but it's not just a simple 28 pairs  right it's 28 of the world's elite pairs right   the entire industry runs on these 28 pairs however  with the coin market with a billion options that   you have to choose from the entire industry  doesn't run off of them half of them are scams   now the ones that are not scams there's large  caps mid caps low caps and ipos the dangerous and the same thing applies to the  to the stock market as well right   absolutely absolutely it's very similar to the  stock market new stocks coming into the industry   versus old giant juggernauts  have been around for ages   okay now the whole industry three to five years  ago was questionable is the industry here to stay   now that's not no longer in question it  seems like the industry is here to stay   even though there's no regulations around it it's  like forex back in the day it was the wild west   okay it still technically is the wild west  forex but there is still a little bit more   restriction around it which means crypto is  now taking place of what forex used to be   ten years ago okay i remember when i came into  forex euro usd used to be five pip spreads   yeah you tell that to somebody now they're  like yeah your broker's ripping you off yeah   but at that time five pills fred was like  oh man my broker is the best you know so it's crazy how how the evolution has come  through um but yeah as the industry has become   more and more solid for stocks it's become more  and more solid for forex a new industry is born   and what's happening is all the fees are  jacked up really high until the regulations   come in until everything comes in so the  average trader is jumping in on these things   and just not seeing that they're all thinking  long term profit profit profit buy and hold buy   and hold but they're not seeing the amount of fees  getting wiped out each transaction your deposits   your withdrawals your transaction from one coin  to the next it's it's just piling up piling up   piling up and they're like yeah but then as long  as my coin goes up two thousand percent i'm okay   yeah it has all the characteristics of a gold rush  and the one who's selling the shovels he's the one   who's making the money yes yes doesn't mean gold  is bad it just means the gold rush is a dangerous   time yeah doesn't mean the gold doesn't have value  so that's what we're going to talk about today   is how do you participate in this gold rush  without being constantly buying from the guy   who's selling the shovel yeah right does that make  sense does that make sense because the end of the   at the end of the day it's all about  can you create generational wealth   and i'm going to touch bait on a few points  here that i think it's very important   so cryptocurrencies let's say you guys are new  into the industry and you guys don't know anything   about trading and you guys keep hearing about  these coins right you're like bitcoin ethereum   they sound like some chemical weapons that the  iran is producing but it's not you know there   is it's actually some nice coins you know so you  hear these words and you're like okay everyone   is doing it maybe i want to get in on it so  what do you do what's the first step you do   i guess read on it find educate yourself a  little bit on what you're actually trying to buy   okay so where would that start google west google  yeah google youtube reddit for many people so   so let's start with this what will you type in  google first is cryptocurrency safe if you type   those keywords what is the pop-outs gonna show  up yes it is no i can imagine just when you're   typing is cryptocurrency and then list shows  up is cryptocurrency a scam is cryptocurrency   yeah but then but then when you do the  opposite you say if cryptocurrency is a scam   then you'll get results for that  too google is known to be a genie   that says tell me what you  want i'll give you exactly that   right it's the google syndrome right what you  search is what you get it doesn't mean that's   the reality right so so that's the thing so you  start searching and you're like all right bitcoins   at a thousand dollars i missed it when it was  three dollars okay it's at a thousand dollars now   what do i do now so you start researching a broker  and you end up with coinbase binance you pick one   and then you buy the coin okay so all three of you  guys have entered the coin at one thousand dollars now reach now what one day passes  by you're checking your phone   you're like all right so one thousand three  dollars oh it's at nine hundred dollars   oh it's at 1200 dollars  okay this gyration that's going around your   entry price and going higher what do you  do now it reaches 2000 what now exit hold or back to google how much  can google go how much can bitcoin go up   oh this guy on twitter said 10 million so i guess  i'm gonna hold you see what is that behind holding   yeah you need to know one of two things either  whether it's below it the actual value that it   should have and then you need to hold on or  you need to be able to to read the market   correct correct so what is a good price determines  on how much do you know about the asset itself   okay so we're gonna we're gonna have to go  we're gonna go details into technicals and   all that stuff later into the webinar but right  now we're gonna just talk about this logic of   everyone gets in but they don't know what to do  next because the next part is all grey area well   their money has become a thousand dollars  to two thousand dollars so you made profit   now what do you close it and buy it again when  it's three thousand do you hold on do you sell it   all this to the average person is a question mark  but everyone wants in but they don't know what   to do with it it's like saying i can't wait to go  to college why because i want a job where i don't   know but what are you gonna do with the job oh i'm  gonna make some money okay to do what i don't know   no one knows what they're doing they're just going  for what everyone's doing there's no end goal   yeah there's just promo it's just fomo it's like  he's doing it he's doing it so i need to do it   yeah that's why the conditioning is so dangerous  not because the coin itself is dangerous is   because the situation of the market right now of  everyone running after it has become it's such a   big bubble right now that that it's not gonna  burst per se but a lot of people are entering   without knowing what they're doing what  happens next if people enter without   knowing what they're doing and they go from  a 1,000 dollars to 10,000 dollars   and they realize when it used to be a 1,000  dollars the price and now it's at ten thousand but   i only bought 300 dollars worth what do  i do now buy more because you're gonna think it's   just gonna keep going up forever you think it's  gonna keep going up forever you don't know what to   do you don't have that much capital how do you buy  more get a loan you get a loan you sell your car   you sell your grandma you sell your house you know  like don't sell the grandma please but you start   selling stuff to get some more money because  this thing has proven it's working therefore   it's an assumption it will always work and that's  when more money piles in now that you have more   money piling in what do you do now back to square  one i don't know what to do do i hold on right   do i exit and this is the dilemma of 90  percent of not just the crypto traders   every single trader simply entering with the  hopes of i don't know what's next but i got in i   actually don't know what's next but i got in and i  read a quote the same goes for many stock traders   like not professional ones but you know people  just get a few stocks and then they're like yeah   i have some stocks but they they don't really know  the valuation of the of that company's you know of   the company that that the stock is from sure right  no idea exactly and and this is very common right   you know why it's all happening too i'm gonna  blame it on all the youtube and and twitter stuff   that's been going around in terms of ambition  and motivation i'm gonna blame it on those things   because those motivational things like  if you don't take a chance in your life   today is the day to start right now so you start  but you're like yeah but where am i going i have   no idea but someone screaming down my neck  saying i need to do something with my life   otherwise i'm gonna fail so it's just bombarded  that do something do something do something   and you're like okay okay i bought my coin  i bought my stocks uh now what it's like   you know like people start breathing in  your neck you know it's always important   to know the reason like before getting to anything  regardless if you're talking cryptos or stocks or   you have to know why you're buying it in the first  place like to to properly manage it and to know   when is appropriate to exit or not i think  it's like it's not just crypto related it's   it's any trading really absolutely absolutely it  just dropped the y bomb it's it's it's the most   important word to use in anything and anything  that you do you should always have the word why   in there like why am i doing this be that annoying  little kid in the house you know when you remember   when all of us were kids always annoy our parents  we're like go clean the dishes why because it's   good to have clean dishes why like so many why the  earth did the s*** out of the people you know   by people you mean your parents yeah yeah  especially my parents my parents probably   are probably watching this webinar  and be like yeah he was the worst   and on top of that he wants to sell  grandma yeah yeah so so this is the dilemma   we're in right now is everything's hot everyone's  got a little bit of capital in in the bank account   and they're very closely holding on to it but  they also have this fear of but if i don't do   anything what if i miss the train so what  do i do what do i do with my life savings   it's this big pressure that's coming onto people  because of the media saying now bitcoin has risen   to you know 80 000 or whatever it is so what's  happening is i keep hearing it even from my family   my dad who who doesn't trade for a living suddenly  he's like should i buy bitcoin like do you know   what is bitcoin it's like no but the price is  now at this price and now it's at this price   oh wait wait why do you want to buy  it do you even know how it works   you see what i mean it's gotten so popular  that it's reached the average person that has   you know no exposure to the  markets whatsoever all right   so what would you guys do let me ask you that  what would you guys do now let me put you back   in to put some experience back into you guys and  saying all the experts that you're missing is back   now you're entering this market how are you  going to deal with it as professionals i guess   if it's bitcoin right now that is so high up it's  going to be difficult to just buy it and hold it   to trade it maybe it could be a little bit more  easier get in and get out but to buy and hold   i don't know maybe wait wait for a much steeper  pullback kind of thing okay so that's the but   there's an industry slang in coins right  all you do is hold on and buy the dips   hold on by the dips right because the mind is set  to it will never come down but as a professional   do you plan for if it ever comes down i'll be out  or are we going to respond to oh crap it's coming   down now i was at 5 million all right i'll take  100 000. that's a horrible spot to be in right   yeah that's the same situation yeah that's  the same situation that everyone got into in   gamestop they got played because they were  so busy not buying gamestop because it's a   good company they were too busy sticking it to  wall street if you're going to enter a fight   know how it's going to end and have an end  plan you don't just enter a fight and say   all right i'm going to show them my muscles you  know and then good luck after that you don't just   take a chance like that you got to be prepared  especially if you're going after someone huge   and i think there are some people trying to  do the very same thing again with games though   again yeah and and and this is going to be normal  it's not going to go away it's going to be normal   there's going to be some form now because of this  whole situation that has happened with gamestop   30 40 more forms are going to pop up and  everyone's going to start saying all right   here's what we're going to do guys we're going to  buy this one okay and then this is the classical   pump and dump schemes that's been going on between  you know these new ipo coins uh that have been   launching that have no reasoning behind it no  technology behind it it's just it's a new coin   everyone wants to jump on it because it looks good  and they sold it well right if you don't know the   ceo if you don't know what he's about and you just  read an article and you say yeah that looks good i   don't understand anything so i watched the youtube  video and he said it's good and who's she oh it's   rihanna okay it's like rihanna said so i must buy  it you know like this is what's happening in the   coin market they're getting all these celebrities  to promote them it's becoming more dangerous than   ever before it's becoming more dangerous than ever  before which makes it more interesting i think   which makes it more interesting wouldn't you say  so yeah absolutely now as much as we don't want   the arbitrator to fail or lose money it has become  interesting that the average trader is taking   interest into the markets which means the  the concept of money is back on the table   where people used to hate finance now it's  at everyone's tongue at least once a week   something finance related it's now back the  mon the thing that people live and die for   is now back to conversation of what is money this  will open up this will open up and that's a good   thing so first generation might burn second  generation might burn but the third generation   will be smarter when it comes to money so it's  not a bad thing it's a long long term play that   it might fix itself so it'll be very interesting  to see what is your takes on money okay we have mr   amir saying here money is debt what is your take  on money all of you guys here it's a lubricant   it keeps the world running keeps everyone on an  individual level running you know you are able   to afford your your house or roof over your head  your food clothing fun stuff that you know gives   you another purpose in life it lubricates  everything almost like a facilitator right   fascinate facilitate you doing what you need to do   on your next personal project or that kind of  stuff so it's not really like a goal goal per se   but it gives you the feel to do the goals you want  to do i think okay uh ian what about you what what   do you think money is what do you see it as oh  it's uh it's i mean it's a necessity in life like   it's just the reality of the world we live in  i mean anything you want or need in this world   you need the money and if you work for it i mean  all the power to you like uh if you make a lot of   money and you work hard at doing it and you do  it the right way i mean it's it can be a really   great thing and you can it can help you achieve a  lot of your goals and you can also help a lot of   people by earning more money too so um i i just  think it's uh a tool that's that can be used uh   in in the right way and and makes the world go  round so yeah yeah all right so let's take this   further let's take this further um so having that  said okay i'm any anyone here think money is evil   no no i don't okay anyone in the room that's  attending live is money evil well if they   if anyone does think money is evil they can  always just i can give you guys my bank account i i tell you even if you give them the  bank account they're gonna there's not   gonna be much money coming in because if they  think it's evil they probably don't have it that's pretty much the case okay so there is  this concept goes around when when we're raised   that money is the root of all evil that it's  evil if you if you become something or someone   that's bad you're gonna change you're gonna  be all alone you're gonna die a horrible death   because you're just gonna look down  on people and step on each of their   heads one by one and saying i reached the  top because i killed people no no come on   i don't know where this comes from but it comes  from movies media cartoons yes there are a a old   old generation who made money that way and they're  horrible but the newer generation is not like that   the fintechs all the new younger generation  they're all about making it but making it based   on a cause okay so the money has changed what it  means in today's world it has changed completely   having that said how many of you guys here at  least once or twice minimum in your lifetime   have looked at someone with so much money and be  like i wonder how he does it maybe some of you   guys maybe even talk to someone said hey how do  you what do you do all the time yeah i mean that's   that's the first thing i probably think about  when i see someone with money i'm like i want   to know how that person did it because obviously  there's something i can learn right like right right so now let's take it even further  so if you're thinking about all right   i wonder how they did it if the answer is oh  because i have this shop or i have this restaurant   then you haven't seen money okay then you haven't  really experienced money because it's not being   leveraged well it's not being leveraged well if  you've seen a person who has wealth he drives   around a ferrari and stuff like that and then you  really look into why he's driving around a ferrari   and it's simply because he has one instagram  account and he's making money off of that and   no other prospects you haven't seen money yet  you've only seen cash flow you haven't seen money   when it comes to the world of money and you  see some wealthy people i'm talking about   owning land i'm talking about yachts i'm talking  private jet kind of money that's when you think   there's no way he has a restaurant because  how much is a restaurant gonna freaking pay   like there's there's just no freaking way  maybe he has two restaurants you know yeah   maybe he walks around doing this all day long  you know for 50 hours a day you know and then   making money off of that you know how do you  get a private jet by doing this all day long   not happening or you kick a ball around all day  long not happening how do you get serious money   think about it where does it come from you  have to your time your time is important too   like like your money always has to be working  for you not you always doing something or it   if you kind of know what i mean that way yes yes  so that's a big piece of it money does not come   from your efforts immediately money is only grown  if you are attached to another effort that you're   not involved in does that make sense so you  might be doing something that brings you money   but if you're attached with other things such as  a coin a stock or an investment into a business   now you have money that's working for  you bringing you money that you're   physically not involved in and the  more avenues you open up like that   that's how you get money that's how you get  money it's the bottom line of how you grow wealth   that's wealthy person cannot become poor per se  but a rich person can be on the streets overnight   okay blockbuster was rich but not wealthy but when  the industry changes blockbusters on the street   you see what i mean so to create wealth means you  gotta diversify in a strategic smart way okay so   that's what i want to talk about today in today's  webinar and what do you say shall we bring this   up to do some charts i'll show you some of the  stuff i have invested in show you where the money   is okay cool so let's get this webinar started i'm  going to pull up the charts and we're going to go   cracking into the chart so you know guys the the  before every webinar we're going to be doing these   little talk shows we're going to call "At The Table"  at Urban Forex if you guys ever want to see them   they're going to be over at youtube to see more  episodes otherwise if you want the webinar that   goes with this episode it will always be below  this video yeah cool guys cool cool cool all   right let's get this webinar started thanks guys  i'll take over i'll bring in the charts and stuff

2021-04-16 15:24

Show Video

Other news