ICT YT - 2020-10-27 - My View on Gurus Turn Reviewer and Why I Prefer Forex.srt

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ICT: Okay, folks, welcome back, there is a growing community

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of reviewers, of educators and service providers on the

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YouTube platform. And I think it's, in many ways good. And

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then there's other things about it that I don't necessarily

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like. And it's not because I'm afraid or concerned about

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anyone's opinion about me or what I do. Because I've been

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doing free education for over 20 years. And this YouTube

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channel is a collection of things that everyone in the

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trading community can come to this YouTube channel, and

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investigate the things that I claim, they can look at some

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of the things I talked about in terms of repeating

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phenomenon in the marketplace as it relates to foreign

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exchange. And then you as the constant reader, determine

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whether or not there's any value here, and or dig into it

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deeper, and start applying it to your own studies. Now,

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everyone that comes to this channel, invariably, we'll be

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inundated with the level of concepts, the the depth of and

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direction, your studies can take you that many times is very

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intimidating. And sometimes people come here, and they see

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that and they think, right right away that there's no

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trading plan here, or there's no way to, to make this work.

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When in fact, there's a myriad of ways of making it work.

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But it allows you as the viewer, to make it uniform and

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unique to you. So I'm just going to introduce that as an

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opening statement. Because while I do have a paid service,

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and it's a mentorship that I hold the hand of my students

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and kind of like guide them through the market climate, real

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time before it happens. And while that's not a signal

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service, I do not tell my students to buy here, sell there.

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But your stop here, take your profit. That's not what I do.

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I'm not licensed to give that level of advice. But I give my

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opinion about what I think the marketplace is likely to do

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using 20 years of experience, this November 5. So my

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community, both on YouTube, and my paid community, both have

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a high regard for the things that I teach, and me as a

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person, because number one, I put a lot of time and energy

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and passion into what I teach nothing forces anyone or twist

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the arm of any viewer here to pay me to join my mentorship.

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Many times I've had students come and watch this, the videos

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I have on this YouTube channel for free. It took multiple

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viewings on their part and study. But they found something

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that was their personal niche. And they have made a model

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out of that. And they can find consistent profitability,

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system setups, methodology, whatever you want to call it,

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they've made it their own. So I get lots of emails every

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month with individuals that are meeting their expectation

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and exceeding it just with the free level content here. So

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while I will be intermittently talking about periodically

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mentioning my mentorship, it's not a plug. Okay, so I want

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to draw a little contrast between that because what I've

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seen and many of you probably are seeing the same thing that

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there is this growing community of other educators becoming

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reviewers, other educators. Now, I have always called out

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every other educator out there saying hey, look, can you do

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what we do? Can you be as accurate as we are in our

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analysis, and it's been shocking to see how many especially

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in the foreign exchange market for x for short. That's kind

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of like where I settled in in 2006. Now prior to 2006, I was

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both forex and futures, trading e mini s&p and bond futures.

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And before I started dabbling with foreign exchange on the

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spot market, I was predominantly just a commodity trader and

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I started in 1992. So if

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any of you are like me, you probably enjoy a good ribbing.

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by someone that really deserves it. And you know, a lot of

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people in this community, the trading can be not just for

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exchange, they really deserve me tarred and feathered.

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Because you just know the things that they're saying are

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nonsense. And there's so image oriented to trap individuals

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into thinking they're much more profitable, or even

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profitable, for that matter, to low viewers into sending

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them money. And there are others that get more or less

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assaulted, verbally, or, or by way of a review video from an

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opinionated educator. And many of the things that are said,

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are just opinions. Okay? There's just opinions of other

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people. And it's hard to differentiate someone that has a

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service or a product, okay for sale. And they're pointing at

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other people saying, I think this person is a scam artist,

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this person's a scammer. This one's a scammer. And it, it

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slowly becomes obvious that these individuals are just

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looking to find a way to increase their own platform by

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hopefully reducing another person's platform. And I have

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been standing here for almost three decades, doing the same

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things, saying, look, this is what the markets do. You go in

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and investigate based on what I've taught you here. And you

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see if it's true or not, because if I'm fake, if the things

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I'm talking about aren't true, you're not going to see it in

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the marketplace, you're not going to see it repeating,

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you're not going to see any similarity whatsoever in the

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things I've talked about. Because I know for a fact that

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these things are true. They are very generic things that

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repeat over and over again. But it is opposed to 99.9% of

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everything else, all these other educators are using to

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justify why they take a trade. And I'm not talking about

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just foreign exchange traders, or educators, I'm talking

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about stock traders, stock option traders, and commodity

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futures traders, all of them, for whatever reason believe

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that their retail tools are the things that make the market

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move around their indicators push price, that type of thing.

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And me personally, I get a lot of flack because I stand out

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here all the time and ridicule everyone else. As soon as

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they put an indicator on our chart, you know, you're telling

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me that you don't know what you're doing. And that's just

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the bottom line. And it really rubs people the wrong way.

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Especially if they make money. If they make money, they

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swear that that's the reason why the markets moving, when

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it's not has nothing to do with why price is going up or

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down. Your indicator readings have nothing to do with it. So

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while I met in early on, when I was a commodity trader and I

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was neck deep in indicators at indicator itis I was always

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looking for more indicators to add to my chart. It was

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unsettling for me to realize that there's a way of looking

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at price and reading just price without any of that stuff

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and nonsense, really. And then come to a better, clearer

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understanding of what price may do in the future. Now I'm

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not perfect, I'm not 100%, I am not going to stand here and

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say I'm 100% accurate. But I have a very large community and

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they watch me do this every single week, I have to cosign

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and basically say what I believe is going to happen in the

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marketplace. And I'm only following predominantly the dollar

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index, the Euro dollar, and the pound dollar. Now

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occasionally I'll go in and I'll talk about other markets

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and E mini s&p or maybe the bond market or another pair,

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like the Aussie dollar and stuff like that. But I'm mainly

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looking at a very small universe of markets to look at,

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okay, and many times it's just there's three pairs, or three

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markets rather. And it isn't what everyone wants it to be

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when they when they sign up with me. Whereas if you look at

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my free content, you see me referring to all kinds of things

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and all different kinds of pairs and you naturally assume

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that I'm in here trading 1820 different pairs I'm not. I

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think that a trader should be focused and limiting their

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focus on one particular market maybe two at best. But I use

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the dollar index as a barometer to kind of like filter

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whether or not I should be a buyer or seller of Euro or

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pound. Now

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I have an opinion like everyone else, okay. And I have been

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very strong willed in the past when I was a younger man and

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basically stood in front of everyone and beat my chest and

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said, Come at me, bro, and see what you can do. And nobody

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really did that in the past. And it's still like that today.

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And I think majority of the reasons why is because most of

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everyone out there on social media aren't really profitable

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traders. And because of that Economic turn, because of all

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the illness, things in economy, you taking a dive because of

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all that people are really looking to do whatever they can

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to make money. And on YouTube, it's all about views. It's

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not about followers, it's about views. And if you can get

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views and you have ad revenue attached to your videos, then

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you'll make money. Now admittedly, I put ads on my videos,

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and I make a little bit of money. It's not a lot, but it's,

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it's something that gets me money to give to my children if

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they want video games or, or things to do with each month.

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But I certainly couldn't live off of it, let's put it that

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way. I don't make it a point to always go after someone else

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I have in the past, because I felt it was warranted. And I

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could have made this YouTube channel, a, let's expose

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everybody else. By contrast, here's what I can do. Let's see

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what you can do. And it's just nobody cares, okay? Really,

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the people that you're going to call out there, they're not

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going to be moved by it, they're not going to be compelled

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to, you know, show you their evidence that they can do what

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they're doing. And I believe they can't really, I mean,

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that's really what it boils down to. But when I see other

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people doing this growing trend of, okay, you're an educator

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and their videos are predominantly just calling out other

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people as a scammer. And they themselves have a service or a

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course. And they're not really teaching you anything on your

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YouTube channels. They're just basically saying, hey, you

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all suck. You are a dumb sheep, you are a loser trader, I

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bet you you lose trading, show me your statements. And the

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bottom line is, is where is the content in your YouTube

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channel that warrants anybody's interest in you at all,

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because at some point, it becomes simply a shouting match,

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you know, a you, who's, who's bigger than the next. And, to

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me, I've always put a lot of my time and effort into

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providing content that you as the viewers can come in, look

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at it, study it. If it doesn't resonate with you right away,

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then Hey, no harm, no foul, you didn't lose any money. And

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you found right away, that I'm not your cup of tea, and

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there's no real interest in pursuing anything with me.

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That's great. I have no problem with that. I've always

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openly said I'm not the mentor for everyone. My personality,

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my opinions on things are going to be very polarizing. And

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sometimes that creates this tribal or team mentality where

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it's team ICT against the world. Okay, when it's not the

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team, it's me against everyone else. Because what I see out

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here in YouTube, what I've seen on Instagram, is a lot of

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phony fakes, okay, and I get called out as a fake a lot.

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Many of times, it's from people that I have called out, they

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create sockpuppet accounts. And they'll go in and they'll

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make comments and make things up about it. You can go on the

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internet and look at pictures, people think I live in

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specific houses that look like the rundown and dilapidated.

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I don't live at these places. But that's the level that

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these people will go to. And as another youtuber out there,

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just recently put a video upset. I'm running from the feds,

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that's the reason why I don't show my face. I've tweeted my

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picture. I've tweeted, things that, you know, are clearly

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me, it's, it's me. And I've posted pictures of myself on my

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YouTube community tab. I don't think it's something that

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anybody should be interested in. Who cares what I look like?

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For whatever reason, I guess people get really fascinated

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when they want to know what you look like. But when you make

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malicious comments and say, hey, look, I think this person

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is a scammer, because why you didn't see me show you a Live

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account. Because you don't see me showing you my statements.

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I never came out on this platform and said, I'm going to

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show you trade signals. Because if I did that, then I would

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be more or less obligated to do that. Now there are other

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YouTubers out there that sell signals. And they themselves

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don't prove that they can call trades before they happen. So

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here's the thing. And this is going to connect my

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call to arms for all of you out there that are doing these

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YouTube channels that have a course and a service of your

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own. But you're also more active as a scam alert, okay, this

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person is a scammer. This person's a scammer. So, you're

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basically trying to make a name for yourself by calling

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other people fake. Now I can go out and say, Hey, this is

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what the markets going to do. This is where it's going to go

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to it's going to help it's going to trade there and call

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that before it happens. I can do that every single week.

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every single week, I can do that. Now, I cannot do that

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every single day with 100% accuracy. But I know when I can

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pull that trigger and do it. I have learned That all these

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other channels, and while they may say here, I'll show you

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my broker sign in into my login, and here's my TD

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Waterhouse, here's my tasty trades account, whatever. That's

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not the same as saying, here's what I think the markets

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going to do, and then watch and see what happens. That's

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what I do in front of thousands of people every single week.

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Now, if I was a scam artist, and I didn't know what I was

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talking about, and I failed, and I was fake, I would not

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know what the future's gonna likely do. And I'm in a 90%

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bracket with my analysis. I'm not operating as a signal

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provider, I don't tell everyone where to get in where to get

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out where that's not what I do. As a mentor in my mentorship

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program, I use what is fastly becoming three decades of

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experience. I help my viewers and students in my mentorship,

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navigate where the markets likely to go to next, they are

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taught these price action setups, conceptually, and they're

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given rules. And they're given criteria to anticipate these

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types of setups to form in specific market conditions,

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whether it be bullish or bearish. But if the market is in an

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uncertain period, where it's most likely not going to go

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anywhere, or it's highly unlikely that a high probability

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trade would form, then I lean on my experience and tell my

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community, hey, I don't think this is something we should be

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messing with right now. That's this sit on our hands. But in

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case it does move, this is what I believe it will do. And in

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those instances, I'm more apt to be wrong. And I tell them

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up front, this is an area where I'm probably going to be

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wrong. But I have to cosign every single time, two times a

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week when I sit with my community, but I see all this

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growing interest in calling everybody else out. And it's

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like these YouTube channels that came up years ago, then you

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still have them today. But they'll watch other people's

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video and put their mug on the screen. Like we want to see

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who they are and what they're doing. And their reaction they

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call reaction videos. And I can't stand it. That was one of

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the things about YouTube I hate. Okay, I can't stand that.

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Because what you're basically saying is, I have no skills, I

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have no talent, I have no reason to be on YouTube. But let's

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just watch another video and watch me carry on like a full.

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To me, that's what I see when I see other educators and

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other signal providers, point fingers at other people.

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Because if you are that good, people are going to recognize

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you on their own merit. I don't advertise. I don't go around

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and making YouTube videos about other YouTube videos. Okay,

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or YouTubers. I go on social media in the past and went

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right to their account says hey, can you do this? Can you do

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that? That I've done that. But for YouTube to do that, it

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just seems really low brow. And this is my opinion. And I'm

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I'm certainly welcome to it just like everyone else, I'm

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Welcome to look at what I'm saying here and say this is

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nonsense and waste of my time. But this video is really just

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for the people that are constant viewers of my work for

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someone new, maybe this is the first video you watch them in

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your price, and I ain't got time for this guy.

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It's not a big deal for someone to have an opinion. Okay,

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but to make your entire video library all about calling

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everybody else a scammer. And then when you see other

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scammers calling other people scammers, you don't want to

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have that heat on you. And you say well, I believe that

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person is highly intelligent. I believe this person is a

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good orator. When everything indicates that there's a

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contrary view that's easily grasped, then they believe that.

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And that's what I'm saying. So I'm waiting for this next

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YouTuber, to put their opinion out about me. But I would

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counsel you all if you all have that interest in me, you

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want to do something like that. Go through all of these

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videos. Because if you don't go through every single one of

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them and watch every single minute of them, your opinion

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doesn't matter. Because you're talking about something you

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don't even know. Namely myself, you have no idea what I talk

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about. You have no idea what I teach. So why should your

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opinion about me or the asset class that I prefer? Because

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I've done stock options. I've done stocks, I've done

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commodities, I've traded bonds, I've traded metals, I've

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traded coffee, cocoa, corn, soybeans, soybean oil, soybean

300
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meal, lumber, copper, cotton, sugar, orange juice, futures,

301
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pork bellies, when we used to have them but you can't trade

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them anymore. I've done all this stuff. Okay, I've done all

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of it. I've been around the block for a long, long time. I

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prefer forex, for one specific reason. It allows you to form

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fit risk management. Now, what does that mean? every asset

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class, no matter whether you're a stock options trader guru,

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okay, or if you are a commodity trader, or an index futures

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trader, a crypto trader, foreign exchange trader, it does

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not matter. Every single one of these asset classes incur

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risk. If you put your money at risk, in my opening a trade,

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there is a vacuum of risk free trading, there's always risk,

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always risk. There's no way to put a trade on and not have

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it at some point, some initial measure of risk. So as a

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speculator, whether you're trading any of these asset

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classes I've mentioned or the one I settled in on, you

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always have to deal with risk. So what I use as a medium is

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forex. Now, it's got a bad name. It's got a rat bad rap

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because years ago, when foreign exchange became popular, you

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had bucket shops open up, and they were doing some really

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unscrupulous things. They just we're just running the gamut

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on everyone. Opening the spread 2030 pips, I mean, it was

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madness. Okay. And admittedly, I got caught in some of those

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bucket shops, okay, because when it's first introduced, you

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think, Wow, this, I'm gonna go with that broker. I'm gonna

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go with that, because everybody was new. At that time, no

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one had a track record. And I got hurt with FX cm. And they

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ended up paying out a settlement to other people, and

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clients of theirs and in the US kicked them out. Because we

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can't use you in here. You got you can't operate in us.

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While they're still operating in other countries, they're

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not allowed to be here in the US. So all of that helps paint

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this tapestry of forex is impossible. It's impossible to

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make money. everybody loses money trading forex? Well, I got

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news for you. everybody loses trading stock options.

335
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everybody loses trading stocks, everybody loses commodities.

336
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everyone loses forex futures index trading, every asset

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class loses money. everyone loses money. Everyone, as a new

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trader is typically going to blow their account in any asset

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class. So it's kind of myopic, to go out and to say, all

340
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foreign exchange or Forex day traders lose money. Okay, and

341
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hear someone say, I have scientific it's been scientifically

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proven that foreign exchange day traders lose money

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that's supposes that you have access to every account on the

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planet. And folks, that's not happening. It's like the

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presidential election, you know, and all these suppose at

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polls, who's ahead, who's not? It doesn't matter what these

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polls say, what matters is you the trader. So if you're

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thinking that foreign exchange is impossible, into never

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consider doing it, okay, and you haven't gone through my

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YouTube videos, just do that. Because I promise you, I

351
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guarantee you, if you go through them, you're going to see

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things taught that other educators simply just don't know

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about. They're becoming fast learners, because they're

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taking the things that I teach here, and in my mentorship,

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and revamping and renaming them. So that looks like

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something that they came up with, but have been around

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enough people are starting to see it and they can call them

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out. Now. You are the only person that matters. in this

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industry, there are opportunities for you to test the theory

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without putting any money at risk. And you can do that with

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paper trading, which is hypothetically saying I would do

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this, I would do that I think the mark is going to go up

363
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here, or it's going to go down here. And it costs you

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nothing. There's no risk in that. And it's valuable insight.

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Then the next stage is to go to a demo account. And you

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trade with a demo account. And you use the things that you

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learn conceptually and practice in paper trading without

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actually entering pseudo or simulated entries, but a demo

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account, and you train yourself to view the marketplace to

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submit to the amount of time that it takes for these

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formations to complete. And also when they fail. You need to

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learn a lot about yourself. That's the unfortunate thing

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that most educators because they lack experience, real

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experience. They don't have a clear understanding of the

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huge chasm of experience that you're going to need the

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bridge from the beginning, first day, when you sit down,

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say, Hey, I'm going to be a trader of whatever asset class.

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And then when you arrive at whatever it is that you're going

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to do as a repeated model that you have faith in, it's not

380
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100%, nobody has 100% trading model, no one, I don't have

381
00:25:25,739 --> 00:25:28,919
it, no one else has it where you're 100% accurate, never, it

382
00:25:28,919 --> 00:25:31,469
won't happen. Because you're going to do something, you're

383
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going to do something that's ahead of the time, you should

384
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have done it, do it too late, do it too much. or miss it

385
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entirely. Because you're human. That's the element of

386
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trading, that no one can really factor in as an educator,

387
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because we're all going to do something impulsive, or we're

388
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going to be very lazy, or we're not going to be responsive

389
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to the things that the market is telling us at a time when

390
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it's flashing across the screen. So if you have this test

391
00:26:04,979 --> 00:26:09,839
run, and proof of concept with it didn't cost you any money,

392
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it didn't take any money out of your pocket. And it didn't

393
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have to require you to open up an account with any specific

394
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broker. You learn right away that there are things that

395
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repeat, and then it builds your confidence and over a period

396
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of time, and how long will that be? It's completely unique

397
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to everyone. It no one has a trading plan, or a course that

398
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says everybody makes money under my teaching by this day.

399
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Because if you can prove that I'll pay you a million bucks.

400
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And I got it. Everybody out here cannot be scammers. Okay,

401
00:26:47,519 --> 00:26:51,809
everybody out here to as an educator and trader can't all be

402
00:26:51,869 --> 00:26:56,759
a scam artist. They can't be okay. Now, there may be a

403
00:26:56,789 --> 00:26:59,969
plethora of them. And I agree that there is but there are

404
00:26:59,969 --> 00:27:04,769
real people out here that are turning money from the

405
00:27:04,769 --> 00:27:10,949
markets. And for you to say that person is a scammer. Why?

406
00:27:11,219 --> 00:27:15,479
Because he's not showing me his personal information. How is

407
00:27:15,479 --> 00:27:20,039
that relevant to a skill set that's transferable? Because

408
00:27:20,609 --> 00:27:23,309
what you're saying is, unless I provide to you something

409
00:27:23,309 --> 00:27:25,319
that you're not entitled to see anyway,

410
00:27:26,640 --> 00:27:29,790
your opinion is paramount to everything else. And since you

411
00:27:29,790 --> 00:27:34,590
say that they're a scammer. Therefore, it must be true. That

412
00:27:34,590 --> 00:27:39,600
is a really distorted perception of reality. Because I

413
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believe, if someone knows how to do anything in trading, and

414
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they can do it with a pseudo or simulated account, they are

415
00:27:48,720 --> 00:27:54,780
proving a concept. Now how much money that person he or she

416
00:27:54,780 --> 00:27:58,770
may make with that skill set. I don't care about that.

417
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Because I understand mathematics. And if I can see a

418
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reoccurring pattern that repeats over and over and over

419
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again, whether it be in forex, or whether it be in stocks,

420
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or whatever. And the things that I teach are price action

421
00:28:11,640 --> 00:28:14,460
related. That means you can take this to a stock market

422
00:28:14,460 --> 00:28:17,280
chart, you can take it to the commodity markets, you can

423
00:28:17,280 --> 00:28:20,400
trade it in foreign exchange, some of my students swear by

424
00:28:20,430 --> 00:28:23,490
working in crypto, I don't personally have faith in crypto.

425
00:28:23,880 --> 00:28:28,110
So I have been very vocal about that asset class. And it's

426
00:28:28,110 --> 00:28:30,810
going to require a lot of things for me to ever really warm

427
00:28:30,810 --> 00:28:35,730
up to it. But I have a strong opinion about that. And I can

428
00:28:35,730 --> 00:28:39,480
see why other people still hold on to the idea that is very

429
00:28:39,480 --> 00:28:43,890
similar to how I view crypto. I have had times where my

430
00:28:43,890 --> 00:28:46,710
analysis and I've been public about it. I talked about the

431
00:28:46,710 --> 00:28:50,040
crypto market crash of Bitcoin at 20,000. Right before it

432
00:28:50,040 --> 00:28:53,190
went there. You know, the day before I said it's not going

433
00:28:53,190 --> 00:28:56,010
to 20,000 it's going to crash is going to go down to 6000.

434
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And it went there. Everybody saw I was getting laughed that

435
00:29:00,030 --> 00:29:04,680
okay, but it is what it is. But I had been wrong more times

436
00:29:04,710 --> 00:29:09,420
in my analysis with crypto. So therefore, it doesn't fit the

437
00:29:09,420 --> 00:29:13,560
models that I use to trade real currencies or fiat

438
00:29:13,560 --> 00:29:17,790
currencies. So until it does those similar things, I'm not

439
00:29:17,790 --> 00:29:20,760
going to touch it. If it ever does, then I'll probably be

440
00:29:20,760 --> 00:29:23,970
very active talking about crypto, but until then, that's the

441
00:29:23,970 --> 00:29:29,490
reason why I don't touch that or discuss it. I can see the

442
00:29:29,490 --> 00:29:34,740
opinions of other people that trade the futures market and

443
00:29:34,740 --> 00:29:39,090
say I would never touch forex, because it's it's scammy

444
00:29:39,450 --> 00:29:44,580
Okay, or it's this, it's that. And it's not that it's any

445
00:29:44,580 --> 00:29:47,490
different than the foreign exchange and futures You know,

446
00:29:47,490 --> 00:29:50,610
they're basically the same. They're basically the same. The

447
00:29:50,610 --> 00:29:55,200
only difference is the futures market have a expiration,

448
00:29:55,470 --> 00:29:58,890
their contract month expires, whereas the spot market just

449
00:29:58,890 --> 00:30:02,220
is always Right now what's the market right now, that's your

450
00:30:02,220 --> 00:30:05,790
cash price. So, for instance, if you're looking at this

451
00:30:05,790 --> 00:30:07,920
chart here, this is the year ago, you probably thought your

452
00:30:08,190 --> 00:30:14,130
chart was frozen. But I gave you a lot of introductory

453
00:30:14,310 --> 00:30:20,160
jawboning just to make the case for why I think the way I

454
00:30:20,160 --> 00:30:23,550
think about what I'm about to say, and then you as the

455
00:30:23,550 --> 00:30:26,970
viewer can go along with what I'm saying, or disagree with

456
00:30:26,970 --> 00:30:30,030
it, or agree with some of the things and disagree with other

457
00:30:30,030 --> 00:30:33,210
parts of it, it's up to you. And I really don't really care.

458
00:30:33,510 --> 00:30:36,480
Because this is one of those videos where it's just an

459
00:30:36,480 --> 00:30:39,870
opinion. And it's not something that I'm trying to, can

460
00:30:40,140 --> 00:30:43,560
convince anybody to do this or do that. Because ultimately,

461
00:30:44,160 --> 00:30:47,910
I teach how to trade price. And I tell my students don't

462
00:30:47,910 --> 00:30:51,900
trade forex. If you want to trade futures, if you're more

463
00:30:51,900 --> 00:30:54,450
comfortable trading with what I'm teaching you in forex, if

464
00:30:54,450 --> 00:30:56,580
you're comfortable with it in the futures market, then by

465
00:30:56,580 --> 00:31:00,420
all means do that. If you'd like what you've learned under

466
00:31:00,420 --> 00:31:03,750
my tutelage, and you think that you're more apt to being

467
00:31:03,900 --> 00:31:07,020
successful and comfortable, which is important, you have to

468
00:31:07,020 --> 00:31:10,170
be comfortable with the asset class, you cannot be a mentor

469
00:31:10,170 --> 00:31:13,290
or teacher and grab everybody out there that comes under

470
00:31:13,290 --> 00:31:17,430
your wing and say, I'm going to press you into my mode. And

471
00:31:17,430 --> 00:31:20,880
my mode is the best mode, nobody's going to be able to beat

472
00:31:20,880 --> 00:31:25,050
you, if you get pressed into my mode. I have lots of modes,

473
00:31:25,380 --> 00:31:33,900
okay. But their models, not modes, they're just foundations

474
00:31:33,930 --> 00:31:36,900
that you're gonna have to bring your own unique personality

475
00:31:36,900 --> 00:31:40,650
to. And it has to match also. And if it doesn't, you're

476
00:31:40,650 --> 00:31:43,020
going to have to keep studying my concept until you find the

477
00:31:43,020 --> 00:31:45,690
thing that matches. And I have lots of them have a lot of

478
00:31:45,690 --> 00:31:49,920
moving parts. But not every model, or trading approach has

479
00:31:49,950 --> 00:31:53,160
every facet that I teach in it, because then it's impossible

480
00:31:53,160 --> 00:31:56,970
to make a decision. But if you are learning from someone

481
00:31:56,970 --> 00:32:00,720
like me that I am well versed in all these asset classes, I

482
00:32:00,720 --> 00:32:03,030
know exactly what I'm talking about, I know what I'm looking

483
00:32:03,030 --> 00:32:05,880
for. And I know how to educate other people and transfer the

484
00:32:05,880 --> 00:32:07,920
information I know about them to them.

485
00:32:09,180 --> 00:32:14,070
But I'm also a realist, I know that I can't press someone

486
00:32:14,070 --> 00:32:18,030
that is really geared towards trading stock, even in the

487
00:32:18,030 --> 00:32:21,090
share capacity, not the option, just the shares alone. I

488
00:32:21,090 --> 00:32:23,790
have students that want to do that, and don't want to trade

489
00:32:23,790 --> 00:32:26,820
forex. I have other people that came to me as stock traders

490
00:32:26,820 --> 00:32:29,220
and said, you know, what I prefer forex, it makes more

491
00:32:29,220 --> 00:32:36,210
sense, are either one of those students slash traders, right

492
00:32:36,210 --> 00:32:41,010
or wrong. They're neither wrong. And they're both right.

493
00:32:42,000 --> 00:32:45,060
Because they have adopted a mindset about the marketplace

494
00:32:45,060 --> 00:32:47,940
and what they're going to do to engage with it. And it's in

495
00:32:47,940 --> 00:32:52,110
an asset class that is comfortable to them. You can't force

496
00:32:52,110 --> 00:32:56,040
everybody to be a day trader. I know this as an educator, I

497
00:32:56,040 --> 00:32:58,860
can't force people to use my short term trading models when

498
00:32:58,860 --> 00:33:02,190
they are really predisposed to be positioned swing traders.

499
00:33:03,540 --> 00:33:06,960
That's experience. That's something that all of these other

500
00:33:06,960 --> 00:33:11,850
educators out there are trying to do the opposite of they're

501
00:33:11,850 --> 00:33:14,640
trying to say, Okay, I have this magic trick, okay, I have

502
00:33:14,640 --> 00:33:18,090
these lines that you can put on your chart. And this is how

503
00:33:18,090 --> 00:33:21,930
it works. And if you only do this, you'll be successful in

504
00:33:23,460 --> 00:33:27,330
summit, sometimes in the past, people have listened to me.

505
00:33:27,330 --> 00:33:30,600
And in my dialogue. I've said, you know, everything else

506
00:33:30,600 --> 00:33:33,780
sucks, except for what I teach. And I still I believe that

507
00:33:33,810 --> 00:33:37,500
wholeheartedly, because I cut out the retail stuff. Because

508
00:33:37,500 --> 00:33:41,220
all that retail stuff is intended for you to lose money,

509
00:33:41,610 --> 00:33:44,310
okay, you're going to lose money. If you follow that logic,

510
00:33:44,370 --> 00:33:46,590
you're going to lose, guaranteed you're going to lose,

511
00:33:47,190 --> 00:33:50,190
you're going to lose what the things I teach to, but you're

512
00:33:50,190 --> 00:33:53,610
going to understand when you're likely to lose. So

513
00:33:53,610 --> 00:33:58,080
therefore, you do nothing. So that was one of the big things

514
00:33:58,080 --> 00:34:03,780
for me in leaving retail logic is I need to know what makes

515
00:34:03,780 --> 00:34:09,690
me lose money when I've lost it. And it was always with

516
00:34:09,840 --> 00:34:13,800
indicators every single time, I can find some route calls to

517
00:34:13,830 --> 00:34:16,710
that indicator or pair of indicators I was relying more on

518
00:34:16,710 --> 00:34:20,070
instead of the price action. But you don't have to worry

519
00:34:20,070 --> 00:34:25,650
about listening to someone like me saying you only trade

520
00:34:25,650 --> 00:34:30,060
forex. Because I'm a realist. I know that the things I teach

521
00:34:30,060 --> 00:34:33,540
also work in all these other asset classes, and you are

522
00:34:33,540 --> 00:34:36,810
welcome to go into any of those asset classes and thrive

523
00:34:36,810 --> 00:34:41,160
they're not struggle do very, very well. And it doesn't

524
00:34:41,160 --> 00:34:45,360
diminish forex, it doesn't make another asset class better

525
00:34:45,360 --> 00:34:50,430
than the other. It just means that that trader has paired up

526
00:34:50,490 --> 00:34:54,870
a model or trading plan with a an asset class that they're

527
00:34:54,870 --> 00:34:58,440
very comfortable with or they've grown to be more

528
00:34:58,440 --> 00:35:03,870
comfortable operating in So if we look at this chart here, I

529
00:35:03,870 --> 00:35:06,480
know, I got off on a rabbit trail, but I'm gonna make sure

530
00:35:06,510 --> 00:35:09,180
you understood what I was saying. The This is the Euro

531
00:35:09,180 --> 00:35:15,270
versus the US dollar. And this is a pair that's trading on

532
00:35:15,270 --> 00:35:20,070
many platforms out there. Okay. And there's a big push by

533
00:35:21,120 --> 00:35:24,750
you, people that are opposed to forex, and they're saying

534
00:35:24,750 --> 00:35:28,650
that everybody that trades forex is scamming. And anybody

535
00:35:28,650 --> 00:35:32,280
that's teaching is scamming, because they're using empty

536
00:35:32,280 --> 00:35:35,820
for, well, this is not empty for this is tradingview.com.

537
00:35:36,720 --> 00:35:43,740
And you as a trader can use platforms like forex.com, which

538
00:35:43,740 --> 00:35:48,000
is a regulated broker in the United States. Yes, it can be

539
00:35:48,030 --> 00:35:53,070
traded through mt four. But this is not Mt. Four, you can

540
00:35:53,070 --> 00:35:55,950
trade with O and O, which is another regulated broker in the

541
00:35:55,950 --> 00:35:59,910
United States. And they operate through and can be traded

542
00:35:59,910 --> 00:36:06,930
through mt four. I left empty for to show everybody that

543
00:36:06,930 --> 00:36:10,890
what I do and what I talk about, doesn't rely on what

544
00:36:10,890 --> 00:36:13,830
everybody else out there that are real scammers. And the

545
00:36:13,830 --> 00:36:16,200
list is long, I'm not gonna sit here and go through the list

546
00:36:16,200 --> 00:36:18,780
of who I believe is a scammer. If you've been with me for a

547
00:36:18,780 --> 00:36:21,180
while, you pretty much know who it is. But

548
00:36:22,590 --> 00:36:27,420
I moved away from that. As soon as it was common knowledge,

549
00:36:27,660 --> 00:36:29,910
everybody seen it for what it is, I mean, we all knew that

550
00:36:29,910 --> 00:36:32,730
it was likely to occur. But I didn't know how it was done.

551
00:36:32,760 --> 00:36:38,760
But now, Adam Webb from macro hedged, he made a video series

552
00:36:38,760 --> 00:36:42,420
or a couple videos and put it out on Twitter. And it's made

553
00:36:42,420 --> 00:36:47,730
its way and all around the community. And even back then, he

554
00:36:47,730 --> 00:36:51,630
himself was insinuating that I was doing that same thing.

555
00:36:51,630 --> 00:36:54,330
And listen, I have never done that, I wouldn't even know how

556
00:36:54,330 --> 00:36:58,650
to do it. Okay, and to prove that, I moved away from Mt

557
00:36:58,650 --> 00:37:01,800
four. And I went to tradingview. Because my community, I

558
00:37:01,800 --> 00:37:03,900
asked them off, they're looking at what's the what's the

559
00:37:04,020 --> 00:37:07,830
best thing right now, that would be opposed, or as far as I

560
00:37:07,830 --> 00:37:10,620
can possibly get away from Mt four, and then prove that what

561
00:37:10,620 --> 00:37:14,340
you're learning here is just price, it doesn't matter. I

562
00:37:14,340 --> 00:37:18,900
don't need to use something to gimmick, my results. So I do

563
00:37:18,900 --> 00:37:22,380
executions, and I teach from this platform, this is exactly

564
00:37:22,380 --> 00:37:24,990
how I teach, you can see it up here and mentorship in

565
00:37:24,990 --> 00:37:28,050
commentary. That's the template I use. So when I'm teaching,

566
00:37:28,050 --> 00:37:30,990
and I'm talking to my students, and even when I'm making my

567
00:37:30,990 --> 00:37:34,140
YouTube videos, this is the platform I'm using. So I'm not

568
00:37:34,140 --> 00:37:37,950
doing anything with Mt. Four, it's not dependent on that to

569
00:37:37,950 --> 00:37:42,720
be, quote unquote, successful. But this pair, if we were

570
00:37:42,720 --> 00:37:47,220
looking at this euro versus the US dollar as a commodity, it

571
00:37:47,220 --> 00:37:49,980
would be seen as this, okay, and this is the same 15 minute

572
00:37:50,010 --> 00:37:53,610
timeframe. But this is the Euro futures contract, and it's

573
00:37:53,610 --> 00:37:57,690
the delivery contract month of december 2020. Now, I want

574
00:37:57,690 --> 00:37:59,730
you to look at this price action in here, okay, see this

575
00:37:59,730 --> 00:38:04,500
price run there. This is a pattern that I teach. And you can

576
00:38:04,500 --> 00:38:07,230
actually find this pattern on this YouTube channel. You

577
00:38:07,230 --> 00:38:10,350
don't have to pay me for it. It's taught for free right here

578
00:38:10,350 --> 00:38:15,000
in this YouTube channel. Okay? What makes this futures

579
00:38:15,000 --> 00:38:24,690
contract any different than this? currency in forex, now,

580
00:38:24,720 --> 00:38:28,950
you probably don't see the the actual market move that I'm

581
00:38:28,950 --> 00:38:32,790
showing you on the futures contract chart, I'll get to that

582
00:38:32,790 --> 00:38:37,620
in a second. But this fluctuating higher and lower. It's

583
00:38:37,650 --> 00:38:42,780
basically the same underlying market moves. There's a slight

584
00:38:42,780 --> 00:38:46,830
difference in the delivery, but it's not so gross that I

585
00:38:46,830 --> 00:38:50,790
would never trade that. For instance, let's just say for

586
00:38:50,790 --> 00:38:54,390
instance, that this old high here, you felt that, you know,

587
00:38:54,390 --> 00:38:56,940
price could eventually come back down to that and act as

588
00:38:56,940 --> 00:38:59,580
what we'll call classic support resistance. Now, I don't

589
00:38:59,880 --> 00:39:03,510
personally subscribe to that. What I'm about to show you,

590
00:39:03,510 --> 00:39:05,670
there's other things, and I teach these things in this

591
00:39:05,670 --> 00:39:09,240
YouTube channel. But we'll just keep it very simple and say

592
00:39:09,240 --> 00:39:12,420
that that high right there, you're going to view that as

593
00:39:12,960 --> 00:39:15,840
resistance broken, and maybe it comes back down and gives

594
00:39:15,840 --> 00:39:19,530
you kind of a reaction to trade off. So we're going to scrub

595
00:39:19,530 --> 00:39:24,030
forward in time. And you can see that same price action

596
00:39:24,030 --> 00:39:26,160
move, let me take it off, so you can see it clearly. Okay,

597
00:39:26,190 --> 00:39:31,410
all of this. This is the foreign exchange pair, Euro versus

598
00:39:31,410 --> 00:39:35,610
the US dollar. And here's that same move in the futures

599
00:39:35,610 --> 00:39:39,390
contract for the euro. There's no difference in that. It's

600
00:39:39,390 --> 00:39:43,260
the same thing there. It is here. It's the same price swing.

601
00:39:44,910 --> 00:39:50,760
So why do I prefer forex over futures? Well, if you were

602
00:39:50,760 --> 00:39:55,080
looking at this market here and you were only going to trade

603
00:39:55,410 --> 00:39:58,620
the futures market, if you're trading with futures, if you

604
00:39:58,620 --> 00:40:03,420
go over to The Chicago Mercantile Exchange, this

605
00:40:05,130 --> 00:40:09,510
exchange gives you your margin required to trade the Euro

606
00:40:09,510 --> 00:40:14,940
futures. to trade that you need to have $2,900 per contract.

607
00:40:15,750 --> 00:40:21,180
Now, that's a standard lot. So you're looking at controlling

608
00:40:21,180 --> 00:40:26,580
$125,000 worth of the currency, or what we would see in

609
00:40:26,580 --> 00:40:31,530
forex, the equivalent of $12 and 50 cents per Pip. Now they

610
00:40:31,530 --> 00:40:39,120
do offer minis, and the leverage goes down to 1450. But even

611
00:40:39,120 --> 00:40:43,770
then, it's still sometimes out of the reach of developing

612
00:40:43,800 --> 00:40:50,160
traders. So and I also state when it's appropriate, and when

613
00:40:50,160 --> 00:40:53,220
is it appropriate when the student decides I never tell

614
00:40:53,220 --> 00:40:55,830
someone, you're ready to be trading live funds, because,

615
00:40:56,160 --> 00:40:59,430
frankly, that's financial advice. And I don't give financial

616
00:40:59,430 --> 00:41:03,750
advice, I give price action education. Now, there's a strong

617
00:41:03,750 --> 00:41:06,870
difference between that, okay, if I made this YouTube video,

618
00:41:07,800 --> 00:41:11,790
or this YouTube channel, or I sold my mentorship as a

619
00:41:12,360 --> 00:41:17,550
trading signal, providing service, okay, or follow me type

620
00:41:17,550 --> 00:41:22,200
trading, then yes, I would absolutely be obligated to

621
00:41:22,200 --> 00:41:24,750
provide a track record to show it with live funds and have

622
00:41:24,750 --> 00:41:27,480
to be licensed to do so and be a commodity trade advisor.

623
00:41:28,200 --> 00:41:30,750
None of those things I'm interested in because not because I

624
00:41:30,750 --> 00:41:35,370
can't do it, because it's such a tedious thing. And also, I

625
00:41:35,370 --> 00:41:39,120
have introduced an element that I am completely opposed to

626
00:41:40,470 --> 00:41:44,220
just look at the world today, everybody's blaming everybody

627
00:41:44,310 --> 00:41:47,820
for something going wrong. And nobody takes personal

628
00:41:47,820 --> 00:41:52,170
responsibility. So in trading, if you've been in this

629
00:41:52,170 --> 00:41:55,110
industry at any length of time, for ever traded with live

630
00:41:55,110 --> 00:41:57,750
money, you know exactly what I'm referring to when it comes

631
00:41:57,750 --> 00:42:01,500
to responsibility. When you lose, you want to blame the

632
00:42:01,500 --> 00:42:04,470
broker, you want to blame the report that came out, you want

633
00:42:04,470 --> 00:42:07,260
to blame the platform, you want to believe the methodology

634
00:42:07,260 --> 00:42:09,570
that you're using, you want to blame the person that taught

635
00:42:09,630 --> 00:42:13,560
you or you bought the book from, or the course from, or the

636
00:42:13,560 --> 00:42:16,350
person you copied and had no idea why you're taking the

637
00:42:16,350 --> 00:42:19,350
trade. But they got a big following on social media. They

638
00:42:19,350 --> 00:42:21,480
said they were buying this, they were selling that. So

639
00:42:21,480 --> 00:42:24,600
therefore you did it. And when it doesn't work out, who owns

640
00:42:24,600 --> 00:42:28,860
the responsibility in net? Now think if you were honest,

641
00:42:28,860 --> 00:42:34,080
you'd be saying you have in the past, look to other outside

642
00:42:34,080 --> 00:42:37,260
sources for responsibility. You don't want to take the

643
00:42:37,260 --> 00:42:42,030
responsibility for that. But when you when, if all those

644
00:42:42,030 --> 00:42:45,660
things were equal, and you looked at other things to

645
00:42:45,660 --> 00:42:48,360
influence you taking that trade, it wasn't your decision,

646
00:42:48,360 --> 00:42:52,830
something else made you take that trade. When you have that

647
00:42:52,860 --> 00:42:55,890
happen, and it wins. Who gets the responsibility for that

648
00:42:55,920 --> 00:43:00,360
trade? Well, naturally you do. Because guess what, you've

649
00:43:00,360 --> 00:43:03,570
made money. And the people that you've copied, or the people

650
00:43:03,570 --> 00:43:06,690
that gave you inspiration, or told us basically what to do,

651
00:43:07,110 --> 00:43:10,200
they don't get the credit. They don't deserve that credit,

652
00:43:10,410 --> 00:43:13,350
because you made money. So your subconscious is saying,

653
00:43:13,530 --> 00:43:16,230
You're smart. You made that money. You deserve all the

654
00:43:16,230 --> 00:43:23,220
respect and adoration. And you own that responsibility. If I

655
00:43:23,220 --> 00:43:27,150
was an educator that said, Whoa, we're going to do this with

656
00:43:27,150 --> 00:43:30,840
live funds. And someone does something wrong, because it's

657
00:43:30,840 --> 00:43:33,390
going to happen. I mentioned earlier in the video, you're

658
00:43:33,390 --> 00:43:35,940
going to hemin Hall, you're going to wait, you're going to

659
00:43:35,940 --> 00:43:38,460
think oh, he said he's buying Let me see if it's really

660
00:43:38,460 --> 00:43:40,860
going to start going up and it shoots up 20 pips and then

661
00:43:40,860 --> 00:43:45,390
then you buy. And then once you get in, there's a natural

662
00:43:45,390 --> 00:43:49,860
retracement of 12 to 15 pips. And that can happen and that's

663
00:43:49,860 --> 00:43:53,550
perfectly normal. But you start freaking out and you can't

664
00:43:53,550 --> 00:43:55,770
stay in it, you get out of the trade, you lost it in the

665
00:43:55,770 --> 00:43:59,790
trade goes in the intended direction. Who are you going to

666
00:43:59,790 --> 00:44:02,940
fault who's going to get the responsibility late in their

667
00:44:02,940 --> 00:44:08,790
lap when you lost money? The person that taught you and I am

668
00:44:08,790 --> 00:44:11,700
not subjecting myself to that, because human beings by

669
00:44:11,700 --> 00:44:16,200
nature are pathetic individuals, okay? They're just nasty

670
00:44:16,290 --> 00:44:21,240
creatures. They don't take responsibility for anything. They

671
00:44:21,240 --> 00:44:26,340
aren't considered by nature. And we are all monsters,

672
00:44:26,580 --> 00:44:32,130
pretending to be pleasant. So I would never open myself up

673
00:44:32,130 --> 00:44:35,130
again, to telling people because I've done this in the past.

674
00:44:36,150 --> 00:44:40,020
But I would never do that again. And that's the reason why I

675
00:44:40,020 --> 00:44:43,620
make it very clear to my community, that what I teach is

676
00:44:43,620 --> 00:44:46,650
price action. That's it. I'm not going to give you trades.

677
00:44:46,650 --> 00:44:48,870
I'm not going to tell you when to buy and sell. And I want

678
00:44:48,870 --> 00:44:53,190
the people that don't like that to scoff and walk away

679
00:44:53,190 --> 00:44:56,340
immediately because that's exactly what I want because that

680
00:44:56,340 --> 00:44:58,500
mindset I can't help people like that.

681
00:44:59,640 --> 00:45:02,580
The people that come to me and they say, you know what, he

682
00:45:02,580 --> 00:45:06,870
understands risk. Because for me to operate as a trade

683
00:45:06,870 --> 00:45:10,080
advisor, when I'm not licensed to do so, is considerable

684
00:45:10,080 --> 00:45:14,460
risk. And I like my students. In fact, I love them, I care

685
00:45:14,460 --> 00:45:17,160
about them. And I'm not talking about just the mentorship

686
00:45:17,160 --> 00:45:19,920
people that pay me, I'm talking about all of my students,

687
00:45:19,920 --> 00:45:24,660
because you trust me enough to give me your time. And time

688
00:45:24,660 --> 00:45:29,760
is extremely expensive. And I'm honest, and I tell you, all

689
00:45:29,910 --> 00:45:33,630
right, from Jump Street, this is going to take you more time

690
00:45:33,630 --> 00:45:38,520
to learn than you want it to, it's going to be more time

691
00:45:38,520 --> 00:45:43,860
involved, and more work than you ever imagined. But if you

692
00:45:43,860 --> 00:45:47,340
stick to it, you will be able to operate in these markets

693
00:45:47,610 --> 00:45:52,230
with a level of precision that is an unrivaled, and I don't

694
00:45:52,230 --> 00:45:57,960
care who tells you otherwise. Now, does that equate to

695
00:45:58,020 --> 00:46:02,280
making money? Truthfully, no, that's not the same as

696
00:46:02,280 --> 00:46:06,270
profitable trading. But you cannot reasonably expect to

697
00:46:06,270 --> 00:46:10,140
trade profitably without having a model that is well

698
00:46:10,170 --> 00:46:14,760
written, designed, that you understand front, the back, you

699
00:46:14,760 --> 00:46:16,950
know exactly what it is that you would be doing when you

700
00:46:16,950 --> 00:46:20,580
won't be doing something, when you have to wait, how you are

701
00:46:20,580 --> 00:46:24,060
going to manage risk all these factors, they cannot be

702
00:46:24,060 --> 00:46:27,720
minimized to a couple hour video course, you can't do that,

703
00:46:27,720 --> 00:46:31,320
folks, you need to see what it's like to be in a setting

704
00:46:31,320 --> 00:46:35,310
where the markets are not likely to do anything. Or, as I

705
00:46:35,310 --> 00:46:37,740
teach at Seek and Destroy, where it just goes up and down,

706
00:46:37,740 --> 00:46:40,470
chops everything up. And it may look like there's setups

707
00:46:40,470 --> 00:46:46,440
there. But it's not. And that's experience. And that's what

708
00:46:46,440 --> 00:46:51,330
I present as mentorship, I am a guide. everybody learns my

709
00:46:51,330 --> 00:46:54,960
concepts and tools. And then I say, this is what the markets

710
00:46:54,960 --> 00:46:58,770
likely to go to next. So therefore, you immediately remove

711
00:46:58,800 --> 00:47:02,130
the idea of half of the things you learn and only focus in

712
00:47:02,160 --> 00:47:05,280
on that side of the marketplace. And then you look for the

713
00:47:05,280 --> 00:47:09,300
pattern that you like most. And I can show you dozens of

714
00:47:09,300 --> 00:47:14,280
ways to get in the same price action move. It doesn't mean

715
00:47:14,280 --> 00:47:18,540
one's better than the other, it just means that you're I, as

716
00:47:18,540 --> 00:47:21,840
a developing student is going to be drawn to one particular

717
00:47:21,840 --> 00:47:25,860
approach to trading the same price action move that's

718
00:47:25,860 --> 00:47:29,130
occurring in everybody's charts all around the world, we

719
00:47:29,130 --> 00:47:32,040
have different ways to interpret that price action and get

720
00:47:32,040 --> 00:47:34,890
in, we don't have to be in the lowest low, we don't have to

721
00:47:34,890 --> 00:47:39,630
be in you at any one particular level, or we've missed it,

722
00:47:39,630 --> 00:47:43,140
like many other ways of trading is like if you miss their

723
00:47:43,140 --> 00:47:46,080
setup, then you have to sit on the sidelines, we don't have

724
00:47:46,080 --> 00:47:50,130
that problem. And we're not chasing price to do it either.

725
00:47:50,640 --> 00:47:52,800
There are things that are very logical, and I explained

726
00:47:52,800 --> 00:47:57,120
this, but you can't learn it all in a couple videos. And you

727
00:47:57,120 --> 00:48:03,660
can't learn and rely on your infancy as a trader and expect

728
00:48:03,660 --> 00:48:06,690
the results that you want by joining a service. In other

729
00:48:06,690 --> 00:48:12,030
words, I can give you an A ar 15 and say, Hey, here you have

730
00:48:12,090 --> 00:48:17,490
an AR 15 you are loaded and deadly. But it would be

731
00:48:19,020 --> 00:48:23,100
irresponsible for me to do that with any of you. And that

732
00:48:23,100 --> 00:48:25,290
you run around. Because you'd be shooting yourself or

733
00:48:25,290 --> 00:48:29,940
shooting other people and not hit your target. Many of you

734
00:48:29,940 --> 00:48:32,820
would be afraid to pull the trigger that the recoil of it

735
00:48:32,820 --> 00:48:36,480
would scare you. So you have to work with knowing what it

736
00:48:36,480 --> 00:48:40,950
feels like to hold the firearm without any ammunition,

737
00:48:42,150 --> 00:48:45,510
holding it, cleaning it taking care of it, setting it up,

738
00:48:45,660 --> 00:48:48,930
and then getting used to that. And then at some point, you

739
00:48:48,930 --> 00:48:51,450
get ammunition. And under some of your probably anti gun,

740
00:48:51,450 --> 00:48:53,340
you're thinking well, this is probably not the best, you

741
00:48:53,340 --> 00:48:56,820
know, example or analogy. But it's the first thing I went

742
00:48:56,850 --> 00:49:02,640
with books and give me a break. The point is this. If you

743
00:49:02,640 --> 00:49:03,540
are a trader,

744
00:49:05,190 --> 00:49:08,730
in the making or aspiring to be you have to be under the

745
00:49:08,730 --> 00:49:11,610
tutelage of someone that knows number one how to do it, and

746
00:49:11,610 --> 00:49:18,240
has a ability to be more right than wrong. And if they can't

747
00:49:18,240 --> 00:49:24,390
show you any substance, to why they believe the things that

748
00:49:24,690 --> 00:49:30,720
they do, and teach our number one true, there's some

749
00:49:30,720 --> 00:49:34,440
substance to it. There's it's proven valid. It's not a

750
00:49:35,550 --> 00:49:39,750
conjecture, it's something that can be seen, back tested,

751
00:49:39,780 --> 00:49:44,220
measured, how often it creates forms. That's what I've

752
00:49:44,310 --> 00:49:47,220
basically posed to everyone in this YouTube channel. I've

753
00:49:47,220 --> 00:49:50,700
put out content I put courses together and it's information

754
00:49:50,700 --> 00:49:53,880
that every single person that's ever really went into and

755
00:49:53,880 --> 00:49:57,000
roll their sleeves up said I'm going to get into this. They

756
00:49:57,000 --> 00:50:00,870
have become addicted because it's something They can see in

757
00:50:00,870 --> 00:50:03,480
their charts Now, that doesn't mean that they're in there

758
00:50:03,480 --> 00:50:06,060
buying and selling and killing it right away, it just means

759
00:50:06,060 --> 00:50:10,410
that they understand what's likely to happen next. And

760
00:50:10,410 --> 00:50:13,530
they're developing more of an experience and an

761
00:50:13,530 --> 00:50:16,590
understanding of what it is that should take place. That's

762
00:50:16,590 --> 00:50:20,460
that submission to time. And it's going to be different from

763
00:50:20,490 --> 00:50:25,290
all of you. And many times people just are completely

764
00:50:25,290 --> 00:50:27,630
opposed to that. And they are just like, you know, I want to

765
00:50:27,630 --> 00:50:30,810
learn how to trade I want to get through all of ICT videos.

766
00:50:31,020 --> 00:50:33,660
And the common thing is these lazy folks, okay? They sit

767
00:50:33,660 --> 00:50:36,270
around and chat rooms. They're all like, Hey, can you just

768
00:50:36,270 --> 00:50:38,760
show me the video? Or what's the where's the video on what

769
00:50:39,120 --> 00:50:43,350
part of the video ICT talks about mitigation blocks? I just

770
00:50:43,350 --> 00:50:47,040
need to know where the order blocks are. That's those people

771
00:50:47,040 --> 00:50:51,510
will never make it. And it to me, I think that that's what

772
00:50:51,540 --> 00:50:55,920
most of these reviewers, okay, that are dealing with their

773
00:50:55,920 --> 00:50:59,370
failed traders, okay, they're traders that aren't doing very

774
00:50:59,370 --> 00:51:03,570
well. And or they may modestly make money here and there.

775
00:51:04,080 --> 00:51:06,690
But they're trying to push their service. Because if their

776
00:51:06,690 --> 00:51:10,740
service was any good, it would grow organically. And if

777
00:51:10,740 --> 00:51:13,320
you're trying to make a case to say, hey, look, this person

778
00:51:13,320 --> 00:51:15,270
is fake. That person is a scammer. And that person is a

779
00:51:15,270 --> 00:51:18,030
scammer. And oh, yeah, by the way, I do have something for

780
00:51:18,030 --> 00:51:21,510
sale, too. But you're not giving anything to the community

781
00:51:21,510 --> 00:51:27,660
to weigh that out of any value. It just looks poor, it looks

782
00:51:27,660 --> 00:51:31,110
really bad. And it's not my opinion, it's just common sense

783
00:51:31,170 --> 00:51:34,980
how many times you need to be saying someone else sucks, and

784
00:51:34,980 --> 00:51:39,180
you not provide anything to prove there's any real reason to

785
00:51:39,180 --> 00:51:47,280
listen to you. So I just pose that as a, a means of personal

786
00:51:47,280 --> 00:51:49,260
reflection for everybody out there that's doing these types

787
00:51:49,260 --> 00:51:55,080
of things. If we were looking at trading this same euro

788
00:51:55,080 --> 00:51:59,310
trade, okay, and we wanted to do it with foreign exchange, I

789
00:51:59,310 --> 00:52:03,690
don't require and a trader out there would not require

790
00:52:03,690 --> 00:52:07,410
$1,450, let's say the person doesn't have that much money.

791
00:52:08,280 --> 00:52:11,640
They're on a very low budget, but they want to slowly add to

792
00:52:11,640 --> 00:52:14,280
their account, maybe they made up a budget where they can

793
00:52:14,310 --> 00:52:18,840
add new $25 a week, or maybe, you know, $25 a month, because

794
00:52:18,840 --> 00:52:21,720
they're just simply not in a position where they can afford

795
00:52:21,720 --> 00:52:23,790
to do it. Let's be honest, folks. I mean, look at the state

796
00:52:23,790 --> 00:52:28,320
of 2020 right now, a lot of people lost their jobs. A lot of

797
00:52:28,320 --> 00:52:32,040
people lost hours of their jobs, they still keep. So

798
00:52:33,540 --> 00:52:37,500
everybody's been affected by this. You know, I'm I have an

799
00:52:37,500 --> 00:52:39,960
affluent lifestyle, but I still have been affected. I'm

800
00:52:39,960 --> 00:52:43,470
taking care of family members that I didn't normally have to

801
00:52:43,470 --> 00:52:47,700
take care of. And I'm not complaining, I'm I'm honored to be

802
00:52:47,700 --> 00:52:50,490
able to do so. And I'm glad the Lord has blessed me. So I

803
00:52:50,490 --> 00:52:56,070
could do that. But not everybody can afford to trade these

804
00:52:56,070 --> 00:52:59,970
full futures contracts. Not everybody can afford to meet the

805
00:52:59,970 --> 00:53:04,350
minimum thresholds of these brokerages. You know, everybody

806
00:53:04,350 --> 00:53:07,290
says, Yeah, you got to be on a regulated platform. Well,

807
00:53:07,290 --> 00:53:10,200
forex.com is a regular platform, it's regulated by the

808
00:53:10,200 --> 00:53:12,780
Commodity Futures Trading Commission, how much more

809
00:53:12,780 --> 00:53:16,740
regulated you gotta get. I mean, they're regulated. let

810
00:53:16,770 --> 00:53:20,160
forex.com do the things that FX cm did, and see how long

811
00:53:20,160 --> 00:53:23,670
they stay in business. It just isn't gonna happen. They

812
00:53:23,670 --> 00:53:27,030
understand. And they made it an example of FX cm as a forex

813
00:53:27,030 --> 00:53:29,820
bucket shop. So if

814
00:53:30,750 --> 00:53:33,750
you spent the time to learn how to do the things that I

815
00:53:33,750 --> 00:53:36,690
teach on this YouTube channel, or even in the mentorship,

816
00:53:37,200 --> 00:53:39,780
but you don't have the money to pony up to do a trade like

817
00:53:39,780 --> 00:53:42,600
this in the futures market, what can you do? Well,

818
00:53:42,600 --> 00:53:46,500
forex.com, if you just simply google this, I'll put this on

819
00:53:46,500 --> 00:53:48,990
the screen so you can see it. Okay. It's amazing how many

820
00:53:48,990 --> 00:53:52,920
people have all these ideas or opinions, but they never even

821
00:53:52,920 --> 00:53:56,640
used Google. Okay, it's crazy. But you know, what's the

822
00:53:56,640 --> 00:54:00,450
minimum deposit for forex.com? Well, then the minimum

823
00:54:00,450 --> 00:54:04,110
initial deposit required is at least 100 of your selected

824
00:54:04,110 --> 00:54:06,960
base currency. So if you had $100, in the United States, you

825
00:54:06,960 --> 00:54:09,540
can open up an account with forex.com. And I know right away

826
00:54:09,540 --> 00:54:13,530
some of you're like, ah, what's $100 gonna do? Well, first

827
00:54:13,530 --> 00:54:16,890
of all, if you ever make the transition from trading paper,

828
00:54:17,460 --> 00:54:22,680
to demo to live trading, that's a huge jump in mindset,

829
00:54:22,950 --> 00:54:27,210
whatever you've done in your demo account, that's just

830
00:54:27,210 --> 00:54:29,880
preparing you to follow rules, but now you're going to

831
00:54:29,880 --> 00:54:33,240
really start learning because there's money involved. And

832
00:54:33,240 --> 00:54:37,050
what happens is, you want to use the least amount of money

833
00:54:37,050 --> 00:54:40,980
as possibly can, period and the story that's, that's the way

834
00:54:40,980 --> 00:54:45,810
it is. Now, I think, personally, if anybody ever traded with

835
00:54:45,810 --> 00:54:50,910
live funds, they should do so with about $300 $300 is three

836
00:54:50,910 --> 00:54:55,110
times when the minimum is and why 300 because you're gonna

837
00:54:55,110 --> 00:54:57,930
make a lot of mistakes. You're gonna you're gonna look at

838
00:54:57,930 --> 00:55:00,690
taking a trade and say the first trade you take And you're

839
00:55:00,690 --> 00:55:06,660
only trading at 10 cents per Pip. Okay? If it moves 30 pips

840
00:55:07,080 --> 00:55:11,190
in your favor, you've made $3. Now that $3 is not going to

841
00:55:11,190 --> 00:55:15,180
change your lifestyle. But if you lose $3, it's not going to

842
00:55:15,180 --> 00:55:16,860
change your lifestyle either. But guess what it's going to

843
00:55:16,860 --> 00:55:19,980
do internally, you're going to hate the fact that you lost.

844
00:55:20,850 --> 00:55:22,560
And then you're going to be tested because you're now you're

845
00:55:22,560 --> 00:55:26,910
losing, you're losing real money, but you're losing two. And

846
00:55:26,910 --> 00:55:31,800
now you don't have $300. In your account. You have $297 in

847
00:55:31,800 --> 00:55:37,380
your account. And there's the first test, can you assume a

848
00:55:37,380 --> 00:55:41,940
loss in it not with you out? Are you losing your mind having

849
00:55:41,940 --> 00:55:45,330
a conniption fit, because you'd lost on that same trade that

850
00:55:45,330 --> 00:55:47,160
you would have lost on a demo account, but it didn't feel

851
00:55:47,160 --> 00:55:51,270
like anything. But the role, say, take the next setup with

852
00:55:51,270 --> 00:55:54,900
this, this, this and this. But when you now have money in

853
00:55:54,900 --> 00:55:58,020
there, it becomes very competitive, where it's not

854
00:55:58,020 --> 00:56:01,980
competitive as a demo trader, it's highly dependent on you

855
00:56:01,980 --> 00:56:05,940
performing exceedingly well, when now there's money. And

856
00:56:05,940 --> 00:56:09,780
that's why I don't believe that people learn conceptually,

857
00:56:10,170 --> 00:56:13,290
and get to the point where they're so bored with finding the

858
00:56:13,290 --> 00:56:18,810
setups in demo, that to me, I think is the deciding factor

859
00:56:18,810 --> 00:56:22,710
when someone would ever consider taking a leap from demo to

860
00:56:22,710 --> 00:56:26,220
live fun trading, when you can consistently find setups

861
00:56:26,220 --> 00:56:29,490
every single week, not every day, because day trading is not

862
00:56:29,490 --> 00:56:32,610
every day trading. But when you can find setups that repeat

863
00:56:32,640 --> 00:56:34,800
over and over and over again, and you're able to find a few

864
00:56:34,800 --> 00:56:37,470
of them each week, and you're bored while you're waiting for

865
00:56:37,470 --> 00:56:39,750
them. And when you engage them, you're just you're not,

866
00:56:39,990 --> 00:56:42,900
you're indifferent to whether it works for you or not. You

867
00:56:42,900 --> 00:56:44,910
believe that's going to work, but you're indifferent to the

868
00:56:44,910 --> 00:56:48,660
outcome, you don't really have an opinion, whether it's a

869
00:56:48,660 --> 00:56:51,330
good thing or a bad thing, it's just another transaction.

870
00:56:51,960 --> 00:56:55,560
It's just like going to work. You doing it because this is

871
00:56:55,590 --> 00:56:58,800
the process, you go there, do your task, and you come home

872
00:56:58,800 --> 00:57:01,470
safely. And you do that for five days in a row. Generally,

873
00:57:01,710 --> 00:57:04,470
you get a paycheck at the end of the week. Okay, it's that

874
00:57:04,470 --> 00:57:07,470
process that mindset, but you just don't have that when you

875
00:57:07,470 --> 00:57:11,640
go from demo into Live account trading, even no matter how

876
00:57:11,640 --> 00:57:15,540
small the account balance may be at the initial start, that

877
00:57:15,540 --> 00:57:20,430
transition creates a competitive switch in your mind that

878
00:57:20,430 --> 00:57:25,470
hey, now it's game time. And we may laugh and snicker and

879
00:57:25,470 --> 00:57:28,920
think you know, we're talking about 10 cents per Pip. It's

880
00:57:28,920 --> 00:57:33,330
nothing, it's insignificant. Wait till you do it. Wait till

881
00:57:33,330 --> 00:57:37,380
you do it, that 10 cents per PIP is going to feel like $100

882
00:57:37,380 --> 00:57:42,420
to you in terms of being right or wrong. You want it to be

883
00:57:42,420 --> 00:57:44,820
right all the time. Because what's going to happen in your

884
00:57:44,820 --> 00:57:47,610
brain, okay, all these little chemical responses gonna start

885
00:57:47,610 --> 00:57:50,820
firing off. And when it's moving in your favor, even if it's

886
00:57:50,820 --> 00:57:54,840
only up $1 50 or whatever, you're gonna Yeah, because if

887
00:57:54,840 --> 00:58:00,660
this was $10 per Pip, that's the stuff that people go

888
00:58:00,660 --> 00:58:06,000
through. And they rush through that part. And they blow

889
00:58:06,000 --> 00:58:10,410
their account. And they're part of the statistics that most

890
00:58:10,440 --> 00:58:14,820
traders not all most traders blow their account in the first

891
00:58:14,820 --> 00:58:19,350
90 days, most of them actually in the first 30 days. Because

892
00:58:19,560 --> 00:58:23,130
they're not equipped to deal with the competitive nature of

893
00:58:23,130 --> 00:58:26,010
live fund trading. Who are they competing with? By the way?

894
00:58:26,850 --> 00:58:28,800
If you trade with live funds, who are you competing with?

895
00:58:29,490 --> 00:58:31,740
They'll say, oh, you're competing with the broker, or you're

896
00:58:31,740 --> 00:58:34,830
competing with the smart money. You're competing with

897
00:58:34,830 --> 00:58:39,090
yourself. Because you can do everything right. But if you

898
00:58:39,090 --> 00:58:42,330
don't have the mindset correct, and you think about what

899
00:58:42,330 --> 00:58:45,510
you're doing correctly, you'll, it'll be self defeating,

900
00:58:45,570 --> 00:58:49,080
you'll destroy yourself and blow the account out. You have

901
00:58:49,080 --> 00:58:53,820
to have a very clear idea about what it is you're doing. And

902
00:58:53,910 --> 00:58:58,020
do so responsibly, in starting with the least amount of

903
00:58:58,020 --> 00:59:03,690
money. And while this example and suggest in my part of $300

904
00:59:03,690 --> 00:59:07,080
is not the minimum because it's three times out here just

905
00:59:07,080 --> 00:59:11,820
gives you wiggle room. Okay, but let's go back and look at

906
00:59:11,820 --> 00:59:17,610
this for x pair here. And I'll add the annotations back. And

907
00:59:17,610 --> 00:59:20,550
let's just say you were using my optimal trade entry pattern

908
00:59:20,550 --> 00:59:25,050
it's taught freely on this YouTube video channel. This level

909
00:59:25,050 --> 00:59:27,780
here, optimal trade entry between 62 and 70 retracement

910
00:59:27,780 --> 00:59:32,310
level and you add to spread to it. We added five pips For

911
00:59:32,310 --> 00:59:36,630
this example, buying here using a 15 PIP stop loss. your

912
00:59:36,630 --> 00:59:40,080
$300 account if you got stopped out went down here would be

913
00:59:40,080 --> 00:59:46,080
sitting at $297. But if it goes to your swing objective of

914
00:59:46,080 --> 00:59:49,200
negative three on the fib and you learn this also on this

915
00:59:49,200 --> 00:59:52,530
YouTube channel for free, they get to that level it does so

916
00:59:52,530 --> 01:00:02,340
here you would have 4.5% For a little bit above that, so

917
01:00:03,660 --> 01:00:08,640
that might not be a whole lot to see $13 and 72 cents on one

918
01:00:08,640 --> 01:00:13,470
trade. But that is four and a half percent folks, you

919
01:00:13,470 --> 01:00:17,400
realize that if you just did that every single month, you

920
01:00:17,400 --> 01:00:21,720
would be killing it by all industry standards. But that's

921
01:00:21,720 --> 01:00:25,470
not what's taught to people in trading. That's not what is

922
01:00:25,470 --> 01:00:28,350
taught by forex gurus, they're taught that you have to

923
01:00:28,350 --> 01:00:30,810
double and triple your account, you got to flip your account

924
01:00:30,810 --> 01:00:37,110
weekly, monthly. And while that is possible, it can be done.

925
01:00:38,730 --> 01:00:42,180
It's not something that you should aspire to do. Because if

926
01:00:42,180 --> 01:00:46,200
you can consistently build this type of return, using

927
01:00:46,470 --> 01:00:48,960
relatively low risk, I mean, if you look at what's being

928
01:00:48,960 --> 01:00:59,100
shown here, the risk is 1%. The entry price is this. The

929
01:00:59,100 --> 01:01:07,140
stop losses this in a target is here, 300 hours of the

930
01:01:07,140 --> 01:01:10,410
account balance assumed using 1% risk, I think anyone

931
01:01:10,410 --> 01:01:15,990
starting out trading with 2% is nuts. Because you're

932
01:01:15,990 --> 01:01:18,210
assuming that you're way better than you really are. And

933
01:01:18,210 --> 01:01:20,730
then maybe in this example, here, 1% is probably still too

934
01:01:20,730 --> 01:01:25,290
high. In fact, it really is if you're a new trader, but you

935
01:01:25,290 --> 01:01:31,710
have to grow accustomed to seeing risk, you have to see it

936
01:01:33,630 --> 01:01:43,230
and handle it, work with it. And it might not be exciting to

937
01:01:43,230 --> 01:01:47,850
see it like this. But this is how you grow. This is how you

938
01:01:47,850 --> 01:01:51,810
build it. And this same four and a half percent. If you get

939
01:01:51,810 --> 01:01:54,870
to the point where you can grow to $100,000 account, that's

940
01:01:54,870 --> 01:02:00,330
4.5% or 40 $500 for that month. And if you do that

941
01:02:00,360 --> 01:02:04,620
consistently, every single month, or net that afterwards, in

942
01:02:04,620 --> 01:02:07,590
order that you go through your your win and lose winning

943
01:02:07,590 --> 01:02:12,540
loose cycle that everybody goes through your results would

944
01:02:12,540 --> 01:02:19,200
be way above standard expectations. This industry, you know,

945
01:02:19,200 --> 01:02:25,290
they would consider 20 25% a year a banner year. Like that's

946
01:02:25,290 --> 01:02:28,830
it, that's a phenomenal rate of return. And to put down

947
01:02:28,830 --> 01:02:32,970
something like this, when it's just one intraday day trade

948
01:02:34,110 --> 01:02:38,130
it a level that makes logical sense to get a bounce, you're

949
01:02:38,130 --> 01:02:41,250
not trying to, you know, call the bottom of the marketplace,

950
01:02:41,250 --> 01:02:44,520
you're not trying to capture 1000 pips, you're trying to get

951
01:02:44,520 --> 01:02:51,270
in there take a surgical strike in and get out. Who could

952
01:02:51,270 --> 01:02:55,440
complain that this would be a bad return or rate of return.

953
01:02:57,300 --> 01:03:01,080
It's at a time of the day I teach, which is London open, it

954
01:03:01,080 --> 01:03:03,360
creates the higher the low of the day there. If it's a

955
01:03:03,360 --> 01:03:05,820
bullish likely scenario, then it's probably gonna perform

956
01:03:05,820 --> 01:03:08,460
the low the day, don't take my word on that folks, don't

957
01:03:08,460 --> 01:03:10,470
take my word, go into the videos, and you'll hear me teach

958
01:03:10,470 --> 01:03:20,160
that it length in detail. But to listen to other people say

959
01:03:20,340 --> 01:03:23,370
their asset classes the best and everybody else's sucks or

960
01:03:23,370 --> 01:03:27,000
specifically forex, that's too myopic of a view. And that,

961
01:03:27,000 --> 01:03:30,240
to me, this speaks volumes about number one them as a

962
01:03:30,240 --> 01:03:35,730
trader, and immediately raises the question of what's the

963
01:03:35,730 --> 01:03:38,490
ulterior motive here, okay, because if I hear someone that's

964
01:03:38,490 --> 01:03:41,580
highly opinionated like that, they're selling something.

965
01:03:42,870 --> 01:03:45,780
They're selling something, they have something that they

966
01:03:45,780 --> 01:03:53,700
want you to think is superior to that. And the folks that I

967
01:03:53,700 --> 01:03:58,740
have brought into forex, by, you know, bringing their

968
01:03:58,740 --> 01:04:03,510
interest into forex, the majority of them would never

969
01:04:03,510 --> 01:04:06,660
consider listening to anyone else, because the things that

970
01:04:06,660 --> 01:04:10,980
they see me teach them, they're easy to spot. They're

971
01:04:11,040 --> 01:04:13,500
generic, they repeat over and over again, because it's based

972
01:04:13,500 --> 01:04:17,820
around the market themselves, you are not going to find the

973
01:04:17,820 --> 01:04:23,700
signatures in price to the level of that is found in forex,

974
01:04:23,910 --> 01:04:27,420
forex has these characteristics are very, very, very

975
01:04:27,570 --> 01:04:33,510
specific. Now, a lot of the generic macro elements are

976
01:04:33,510 --> 01:04:40,080
applicable to stocks, commodities, crypto, you know, metals

977
01:04:40,080 --> 01:04:44,130
and all that in oil. But forex has these little signatures

978
01:04:44,130 --> 01:04:47,280
in price that repeat over and over again that are very

979
01:04:47,280 --> 01:04:51,420
specific to it. And when my students see this, and then they

980
01:04:51,420 --> 01:04:55,500
start testing it in hindsight, and then they find going

981
01:04:55,500 --> 01:04:59,130
forward using the rules that it just like it supposed to be.

982
01:04:59,130 --> 01:05:03,270
It's like it's going pletely scripted, because it is, all of

983
01:05:03,270 --> 01:05:09,600
these markets are scripted, they're controlled 100%. That's

984
01:05:09,600 --> 01:05:12,780
unsettling that bothers people when they hear it, and they

985
01:05:12,780 --> 01:05:16,380
think, oh, he's full of mess. It's $5 trillion industry, how

986
01:05:16,380 --> 01:05:19,230
could it possibly be controlled? Well, my counter argument

987
01:05:19,230 --> 01:05:22,680
would be, why would any country leave it up to speculators

988
01:05:22,680 --> 01:05:24,810
whether or not the currency is going to stay where it's at?

989
01:05:27,030 --> 01:05:30,330
Think about it, folks. It's just common sense. And maybe

990
01:05:30,330 --> 01:05:31,920
this is something that would have came up if we were

991
01:05:31,920 --> 01:05:33,810
friends, and you came over to my house, or I came over to

992
01:05:33,810 --> 01:05:37,170
your house. And it was this conversation about what people

993
01:05:37,170 --> 01:05:42,690
think, and how my opinion fits in all of that. And my

994
01:05:42,690 --> 01:05:46,530
opinion, let's just be honest, my opinion doesn't matter. My

995
01:05:46,530 --> 01:05:51,270
opinion, is my own. My belief is people should have an

996
01:05:51,270 --> 01:05:55,950
objective view, and a certain measure of tolerance. Okay,

997
01:05:56,040 --> 01:05:59,640
why I believe everybody else trading what they trade is

998
01:05:59,640 --> 01:06:02,940
something that I would never ever do. Like, I would not rely

999
01:06:02,940 --> 01:06:06,600
on any retail logic, I would not trade certain asset classes

1000
01:06:06,600 --> 01:06:11,220
like crypto. But I understand and respect those people that

1001
01:06:11,220 --> 01:06:15,270
do it, because they have found some way of doing it. And who

1002
01:06:15,270 --> 01:06:18,630
am I to say, if they're making money, or they found a niche

1003
01:06:18,630 --> 01:06:23,910
in that? What business do I have saying, they're stupid for

1004
01:06:23,910 --> 01:06:27,360
doing so or they suck or they're a scammer? I'm not spending

1005
01:06:27,360 --> 01:06:31,350
their money. I can't spend their money. And I know that

1006
01:06:31,350 --> 01:06:34,890
they're not going to spend money. So what difference does it

1007
01:06:34,890 --> 01:06:38,400
make? If someone has anything of value, and you have a

1008
01:06:38,400 --> 01:06:42,600
YouTube channel, share that good stuff. Now, you don't have

1009
01:06:42,600 --> 01:06:45,930
to give all your secrets if you have a service, but put out

1010
01:06:45,930 --> 01:06:49,470
there, you know, a little bit to let people see that your

1011
01:06:49,470 --> 01:06:53,880
opinion should be even considered. Because in this industry,

1012
01:06:54,540 --> 01:06:57,930
we all know that it's toxic as a lot a lot of fraudulent

1013
01:06:58,140 --> 01:07:02,520
activity, people pretending to be profitable or not. And I

1014
01:07:02,520 --> 01:07:06,150
stand on the basis of price action. That's it. That's what I

1015
01:07:06,150 --> 01:07:10,920
do. And sometimes that completely rubs people the wrong way.

1016
01:07:11,220 --> 01:07:13,830
If you're so good, why don't you show me your bank accounts?

1017
01:07:13,830 --> 01:07:15,990
Why don't you show me your statements? And why don't you

1018
01:07:15,990 --> 01:07:18,720
show me a Live account? And once you do this? How about you

1019
01:07:18,720 --> 01:07:23,850
just watch me call the markets. Okay? If I couldn't outline

1020
01:07:23,850 --> 01:07:27,270
something, or anyone for that matter, couldn't outline in

1021
01:07:27,270 --> 01:07:31,080
detail with specific concepts, why it should do this or that

1022
01:07:31,080 --> 01:07:35,670
in charts. And it doesn't come to fruition? Doesn't that

1023
01:07:35,670 --> 01:07:39,270
pretty much say? What it is that people would need to know

1024
01:07:39,510 --> 01:07:42,270
that there is no validity to the things that you're

1025
01:07:42,330 --> 01:07:47,700
peddling. And that's why I put so much effort into my

1026
01:07:47,700 --> 01:07:51,240
videos, before I created this mentorship, I wasn't selling

1027
01:07:51,240 --> 01:07:56,880
anything. I was just trading. But when I saw people around

1028
01:07:56,880 --> 01:07:59,400
the world, taking my free lessons, and then selling them to

1029
01:07:59,400 --> 01:08:05,310
people that really got under my skin. And I have a lot more

1030
01:08:05,310 --> 01:08:09,900
to teach. And I just didn't want anybody else getting credit

1031
01:08:09,900 --> 01:08:14,010
for something that was gifted to me. And it took a lot for

1032
01:08:14,010 --> 01:08:16,680
me to get this to learn how to do it.

1033
01:08:17,520 --> 01:08:20,910
And I've been blessed to receive it. But nobody deserves the

1034
01:08:20,910 --> 01:08:25,710
credit. Apart from me, because when people come to me, I may

1035
01:08:25,710 --> 01:08:29,730
say, I believe I'm the best trader. But when I say that, I

1036
01:08:29,730 --> 01:08:34,590
want you to clearly Listen to me, okay? When I say on the

1037
01:08:34,590 --> 01:08:39,180
best, it's not because I myself made myself the best. I

1038
01:08:39,180 --> 01:08:44,730
believe I'm equipped by God. I believe everything that we

1039
01:08:44,730 --> 01:08:47,760
receive in our lives that is good comes from him. Now you

1040
01:08:47,760 --> 01:08:51,660
may not believe in God, and that's fine. But I do. And I

1041
01:08:51,660 --> 01:08:55,770
don't go after people that say they don't believe in him. I

1042
01:08:55,770 --> 01:09:00,420
believe it's a personal relationship that, you know, either

1043
01:09:00,420 --> 01:09:05,070
you have it or you don't. And I know that there's no way on

1044
01:09:05,100 --> 01:09:08,340
Earth, that I would have figured this stuff out. It would

1045
01:09:08,340 --> 01:09:12,960
have not ever happened, had he not intervened. And he's

1046
01:09:12,960 --> 01:09:16,320
continuously intervened. And every time I sit down with my

1047
01:09:16,320 --> 01:09:20,040
students, before I do so, I pray and I say look, you know,

1048
01:09:20,100 --> 01:09:23,220
give me wisdom, help me guide them so they don't get hurt.

1049
01:09:23,970 --> 01:09:27,150
And let them receive something that you know is intended for

1050
01:09:27,150 --> 01:09:32,100
them. And that's how I do everything. And if it doesn't fit

1051
01:09:32,130 --> 01:09:35,160
your expectations, or if you don't like that type of thing,

1052
01:09:35,550 --> 01:09:38,580
or it doesn't resonate with you, you know, God bless you

1053
01:09:38,580 --> 01:09:40,980
anyway. You know, I'm sure if you look hard enough, you'll

1054
01:09:40,980 --> 01:09:43,710
find somebody out there. And I do it all the time. If you

1055
01:09:43,710 --> 01:09:48,120
don't like me, look at Chris Laurie. You know, he, he

1056
01:09:48,120 --> 01:09:50,790
teaches price action. He doesn't teach what I teach, but I

1057
01:09:50,820 --> 01:09:54,120
seen some of the things that he does. And I think it's

1058
01:09:54,150 --> 01:09:58,410
noteworthy. So you can look at a lot of his stuff. It's for

1059
01:09:58,410 --> 01:10:01,380
free too. He has something that paid. I don't know

1060
01:10:01,380 --> 01:10:05,220
everything he teaches in this paid stuff. But there are

1061
01:10:05,220 --> 01:10:07,890
other people out there besides ICT that can make money and

1062
01:10:07,890 --> 01:10:11,340
can also teach. And just because they don't dance to your

1063
01:10:11,340 --> 01:10:15,870
drum beat doesn't make them a scammer. If they're certainly

1064
01:10:15,870 --> 01:10:19,530
willing to show you things in great detail before you even

1065
01:10:19,560 --> 01:10:22,920
pay them a penny, then maybe they have something that's

1066
01:10:22,920 --> 01:10:26,670
worth listening to. Maybe you learn something from this

1067
01:10:26,670 --> 01:10:30,000
video, maybe you didn't. But I answered the question is why

1068
01:10:30,000 --> 01:10:33,510
I think forex is better because you can frame it and make

1069
01:10:33,510 --> 01:10:40,950
the risk specific to you. And having 20 cents per Pip. Okay,

1070
01:10:40,950 --> 01:10:43,560
that's what this equates to 20 cents per Pip. You can't

1071
01:10:43,560 --> 01:10:46,650
really frame that with futures market. It doesn't allow you

1072
01:10:46,650 --> 01:10:50,700
to do that. Okay. So I think that's a benefit by trading

1073
01:10:50,700 --> 01:10:54,450
forex, because you can scale your money management more

1074
01:10:54,450 --> 01:10:57,420
appropriate to your equity base. And you can do that

1075
01:10:57,450 --> 01:11:01,140
throughout your career. Where you as you're a trader in

1076
01:11:01,140 --> 01:11:05,640
forex, or if you're a stock option trader, you have to pay

1077
01:11:05,640 --> 01:11:09,690
the premiums and use the vehicles. In the multipliers for

1078
01:11:09,690 --> 01:11:12,180
the option lower. It's like it's a multiplier of 100. So

1079
01:11:12,180 --> 01:11:15,300
whenever you pay the premium, say the premium was 4.5. That

1080
01:11:15,300 --> 01:11:19,020
option costs you $450 plus commission. What if you don't

1081
01:11:19,020 --> 01:11:21,480
have that? What if that's basically 90% of your account

1082
01:11:21,480 --> 01:11:23,580
balance, you can't do the trade you got to do something

1083
01:11:23,580 --> 01:11:26,580
else. Wait for something else. Well, with forex, you can

1084
01:11:26,580 --> 01:11:29,970
find setups a couple times a week. And it doesn't matter as

1085
01:11:29,970 --> 01:11:32,850
long as you have what I'm outlining here, in terms of acuity

1086
01:11:32,850 --> 01:11:36,600
bass as low as $300. You can still find setups and build the

1087
01:11:36,600 --> 01:11:40,170
account. And you know it takes time, but you're learning how

1088
01:11:40,170 --> 01:11:43,890
to do it appropriately. Till Talk to you next time. wish

1089
01:11:43,890 --> 01:11:45,060
good luck and good trading.