Dark Truth of FOREX in South Africa [EXPOSED] 

Teach me how to make money alone in peace 🙏🏿🙏🏿🙏🏿

True the burden of people pressuring you for signals and asking silly questions. Why would I want that if I make millions? But the other side of it if you have read the book the disciplines trader is that you can be a good trader but not have discipline, so you can spot the trades but you better at giving the signals than following it through on your own. Pschologically its less of a burden to trade with money that is not yours.

I also say the same thing

The flaw with you statement, is you’re not realising that making a percentage of your total investment on stocks will never add up to 10 000 people buying your 2000$ course. It’s like a professor of business, or a sound engineer, they’ll make hourly pay, or get freelance work but that’s capped to the amount of hours in a day. Selling a course will always be more lucrative than shorting for 1% profit daily of your total stock investment

What about those that would like to empower others as well. It’s the lack of wanting to help others that the mindset is broken. Let’s take this RU-vid video as an example, why would you want people to watch this video? To like, comment and subscribe, not Are you alone making money off from the views but through the likes and subscription as well right? Same with Forex (Multiple streams of income). There’s no doubt there’s scammers in the Forex industry, but because you’re failure in being disciplined, consistent and the WILL to want to make it work, now every Forex mentor or trader gets put under the umbrella. It takes many professions 5yrs or more to obtain a degree but yet we want a course and time on the charts to take us less than 3yrs to make the BIG DOLLAR. DO MORE RESEARCH, many pro traders took more than 3yrs to become profitable and now successful.

Correct.

so what exactly are universities and ieb in sa ???... this statement makes little to no sense

@@YG-nq9yc it makes more sense as you called in institutes that ask you to pay tremendous amount of fees to get a piece of paper that says “you are good enough to work for someone else when you can literally get all those knowledge for free on the internet all you need is a subscription plan and some motivation

@@YG-nq9yc it makes more sense as you called in institutes that ask you to pay tremendous amount of fees to get a piece of paper that says “you are good enough to work for someone else when you can literally get all those knowledge for free on the internet all you need is a subscription plan and some motivation

Ohh this a good one🤣🤣🤣

💯💯💯

Dude, same here. I paid for my own "course" by losing a lot of money in the beginning, six years later I can live off it. I did not buy any courses from gurus. I do follow two people on RU-vid weekly for tips, I must admit. But even without watching these guys I can asses charts and get into trades on my own.

Please share who you are following on RU-vid

@@rethalee845 Justin Bennett and John Fortune. Both do their technical analysis on the higher time frames, especially Justin, which suits my trading style where I can have orders running for weeks to months. John also explains the fundermentals really well

Inst Forex Get rich slow doh?

It's very obvious that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.

It's a great idea to have a conversation with financial advisors like Emily Jason to reshape you portfolio.

That's true,. Its really needful for beginners not to settle for videos alone or they will see themselves losing all their money just like me when I newly started trading with this videos here on RU-vid.

I agree with you, I'm not here to converse for her but to testify just for what I'm sure of, she's trust worthy and best option ever seen..

She's really a good investment advisor. I was privileged to attend some of her seminars. That is how I started my crypto investment 👏

Well said, no get rich quick. Extra income at best. Limit your spending, save, reinvest, and buy assets that will bring in more income. After time you wont only be rich, but wealthy. Slow steady natural rise to wealth. Most everyone has has become wealthy, did it like this.

yes and if you work your ass off you definitely can change your life for the better🙏🏻

Bullsh#t the only reason you make money in trading is because someone else lost money. It’s basically gambling

@@readyplayerone1110 Think better and bigger than that. Study more about forex.

1% make it. So whether you thinking you're taking calculated risks or not, you probably won't make it. Those who sell courses, are scammers.

Make research about Smith Trust Bk once you find the page you will definitely find their support e-mail address on top of the page. Reach out to them and tell them you want to copy trading signals to make six figures.

And, are you actually trading profitably consistently ?

I also learned fx on RU-vid and the internet myself...

you can never learn forex on youtube..thats lies... i know you dnt make money then

I did

The first step to success is figuring out your goals and risk tolerance - either on your own or with the help of a financial advisor. If you can get the facts about savings and investing with a well detailed plan, you should be able to gain financial security over the years and enjoy the benefits of managing your income.

Personally i ventured into the stock market so i won't be stranded with the help of an Investment advisor. A colleague of mine introduced me to "expert Mrs Kathy L Warley a regulated broker in the US", who drew out investments plans and they all aligned with what i wanted and had to pick one plan and with his exit and entry strategies on commodities, securities and digital assets, my portfolio has really been diversified with good ROI. I am really impressed by how much i have achieved so far with my investment...

@@kennycook3367 she's good, Keep it up investment is a stepping stone to financial freedom.

@@kennycook3367 that's great, your investment advisor must be really good, I have seen testimonies of people using the help of investment advisors in making them more financially stable. Do you mind sharing more info on how to reach your advisor?

+1

Haha thanks for the comment. Crazy what these gurus are charging for information that's freely available on BabyPips

@@StefDev exactly, I don't know why they are so driven by a lifestyle that might not be real. And babypips breaks it down so nicely, its like school you start at creche level and keep going through the courses like a school system.

Do your research better, you’ll be surprised to find out another side of him..

ICT changed my life bro!!!

@@psychonautica6081 whatever his side is it doesn't matter cause his concepts work like a charm, I've been hella profitable since I used his teachings.

@@karabotsotetsi8471 which courses did you watch first i have been trying to watch his videos I'm clueless of what's happening💔

@@senkuishigami2291 I watched the 2022 mentorship only. Though I understand everything. However there is a way to understand everything first before attending his mentorships cause rn since you know nothing. His teachings are going to confuse you. If you don't mind, you can share your app 10s and forward to you you how i made it easy for myself.

I think the whole thing about holding stocks for long term will always apply. So I think you should get a quality broker who is able to analyze and pick stocks that will do well in the long term, else you will be in a long bear ride.

You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a broker, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.

This sound interesting. I’m not really one to use pro analysts, but I guess it would not hurt to try one. My portfolio is in the red waters right now

I just looked up "Jackson sten marsh" by his full name online and researched his accreditation. He seem very proficient, I wrote him detailing my Fin-market goals and scheduled a call.

Thanks for this tip. his web popped up on google immediately I searched him up. I read him resume and it seems pretty. I wrote him and I’m waiting on him reply.

What is your risk exposure 🤔?

Can you perhaps share ,which trading app do you use?

With big risk though. You'll have to risk 100% of your capital to get there, whereas the ROT is to risk no more than 2%.

Utter nonsense.

@@silindelosikhosana7064 Bro he's not lying, I've flipped R3k to R40k in a space of 5 days, its very doable but risky

Glad to hear you've become profitable, well done and keep killing it. I would however push back on the comment regarding University courses, depending of course on what you study. I for example studied Computer Sciences and the ROI on that has been massive and I'm only 4 years in. Usually Uni courses have a governing body behind them approving the content and if you apply for enough jobs with a degree behind your name, you'll get it. A degree can still get you a really high paying job if you study in the right field. Whereas these Fx courses have no success statistics, no governing body and the chances are not nearly as high for success as it would be with a good degree behind your name. The gurus like the talk smack on a 9 to 5. But the 9 to 5ers can feed their families, Where that's very rarely the case with their course reviews. These courses unfortunately do not lead to success in most cases.

@@StefDev Not everyone has the skills to trade. You generally have to put in 10,000 hours in trading (as in everything) to have a chance to become a pro. Even if you put in the 10,000 hours, you may not have the personality and temperance to make it. There are people that does $20k from $1k in a weeks trading, but they don't have no interest in advertising it or bragging about it on a RU-vid video. But yes, if you think an internet course or signals will give you the skills and money, you are a moron.

They called fake Gurus

😂😂😂😂😂 Seriously

Not really. Just like in every industry… once you’ve become and expert you share your knowledge and reap the rewards for the course. Why wouldn’t you when teaching is one of the highest income opportunities.

@@craigm0tiv49 No. more like don’t sell the strategy because if it floods the market it becomes useless… that’s why we don’t share shit. It’s not the same as the comparison you made where you can easily share info coz it doesn’t affect you much if you do share it

​@@craigm0tiv49 you must be a scammer that has been exposed or an 1diot that still wants to believe in "tooth fairy"

@@snikeziwevendle1468 u can flood the forex market. not even your national bank can influence the market

ICT way way

@Steve Sorensen I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?

These past few months watching my crypto portfolio decline is very disheartening. Holding doesn't really profit much. Any ideas on how to earn better on the short run? Please recommend to me your Fin Advisor..

Thank you for sharing. I just Googled his name and his website came up right away. It looks interesting so far. I'm going to book a call with him and let you know how it goes Thanks

All you need as a beginner to make good profit from cryptocurrency is a professional trader who will trade on your behalf else you may make losses.

@lite john How can someone know a professional trader that is trustworthy when legit ones are hard to find this days.

@lite john How much can she make for you in every trade she does.😏

@lite john Wow this is really helpful for my situation!! Thanks guys I will try her.

@lite john Wow I'm just shock you mentioned and recommended Expert Mrs Jennifer Watson

Trading definitely is very psychological. I just don't know if it's worth the effort to be completely honest. From what I've seen and heard, the 1% of people that actually become profitable in trading take around 5-10 years before they become consistently profitable. It's a very hard skill to learn. The reason I say it's not worth it, is because even at those amount of years, some people still fail. Your chances at succeeding at something like Ecommerce, RU-vid, FreeLancing, Starting your own business, has a much higher chance of becoming successful than trading. But that's just my personal opinion I've formed based on my own research. Everyone should definitely evaluate each avenue and decide for themselves what looks like the best possible route to follow.

@@StefDev just choose your hard I guess. coding is extremely hard for me but I have found stability in forex.

@@StefDev so basically you are just looking for the easy way out in life🤷🏽‍♂️... That's the problem with most South Africans, it's no wonder our economy is weak... You talk about Studying ecomerc, if education was the way don't you think we would have alot of people driving around in Bugattis🤷🏽‍♂️

@@StefDev well its like any business, you need to be dedicated and learn from your mistakes. The stats of people starting a business and failing are pretty crazy as well. To succeed in any of these sort of these things requires a huge amount of dedication and determination. Those who say forex is a scam normally have the mindset of "If I can't do it then it must be a scam". No doubt its very hard and you have to go through a lot of hard times. I myself am not consistent enough yet, but that's more because of mentality rather than my strategy.

Please teach us Mr. Thompson, some of us can't learn on our own. I started trading over a year ago and my understanding of the market hasn't improved nor can I make any profit

Are doing forex for a living?

@@speakfrombeatz - No... Indices futures only.

Thank you for the kind comment Thulani, glad you enjoyed the video.

I do not sell courses or teach 1 on 1 and I'm successful at trading. The problem with this guy in the video was he went from strategy to strategy mentor to mentor. I basically stopped watching the video once he mentioned that because that was his downfall. One will never become a profitable or successful trader if you hop from strategy to strategy mentor to mentor. I'm a funded trader and I currently Trade a $200K account with a prop firm. Oh I live in South Africa and since day 1 I had one mentor and I started trading just over 2 years ago. I didnt change my mentors or strategy like I change my underwear.

😅😅😅😅😅😅

Wild!!

Yoh

No fr getting into forex is completely free. I am a self taught trader and learned from trial and error. Everything you need to learn forex is on RU-vid completely for free!

Sorry to hear you were also scammed. All we can hope for is that more people become aware of this issue in SA and that over time fewer people will support these scammers and find real skills to generate the wealth levels they are trying to achieve.

I wonder how many trader's actually got wealthy from trading without selling courses or anything.

@@TraderRY so, will forex be closed?

@@susankariuki449 What??If your trying to say what i think then that don't make sense,new trader's come daily,many loose and keep loosing with the hopes, every mentor say's it takes time,plenty of money even though 90 percent loose.I think it's possible,i make money and think i will make it,just how much? how long?All these mentors with big money most sell courses,teach,signals,so it makes smart trader's start to think how many actually make it wealthy off trading alone?I know some make money just most are lying or getting it other way's.

I can teach you how to be profitable in a single week, or pass a funding evaluation etc. I will do it for free, if you purchase baby formula weekly for the hungry children where I live in the Philippines. That's my offer to you. steven PS. that's purchase the formula AFTER I have given you the knowledge for free.

I strongly advise you against self trading, it's really dangerous and had brought so many investors down, you need someone with the knowledge and strategies, someone dedicated to the crypto currency market business, and I will strongly recommend expert, Mrs chloe

Wow I'm just shock you mentioned and recommended Expert Mrs Chloe,I thought I'm the only trading with her

I stumbled upon one of her clients testimonies and decided to try her out...I'm Expecting my third cashout in 2days

I'm a huge fan of crypto, I hold few coins in my wallet, while I trade the rest with my Expert, Mrs Chloe She's really Good

I remember friends calling me crazy when I started but i now shut up them with my four Figure weekly returned

Thank you! 🙏

Thanks for the support 🙏🙏🙏

I agree👍

Copy signals from smith trust bk

Glad to hear that. I also believe the best way to achieve success in the markets would be to spend a bulk load of time in front of the charts and master it by yourself. There is nothing like a "strategy" that works all the time.

I promise you it is👍🏽

Trading can be stressful if you are not a consistent trader a lot of people go into trading thinking they are about to get rich and little do they know that this is a business you are the business and most businesses take years to just breakeven.... I learn from ICT he provides free Mentorship on his RU-vid it's on you to put in the work and become what you wanna be

Same, these people are trying to fund their own accounts using the signals and metlntorship programs

It took me long to see I need no one ..hope everyone can see it to

Heh 😂😂 I thought I was the only one thinking that the guy isn't really trying to help ....I feel like most of his books are all about his success and how he can never lose it ...I only read one book from the guy and all I saw was him advertising his other form of financial literacy content whether it be boards or games and all that ...he wasn't really helping he was just flexing his rise and how wise he was and how quickly he did it and how he proved a certain amount of people wrong and how enduring he was in overcoming hate and obstacles ....just crazy....I feel like he git success , cool, but then he wasn't satisfied by that ...be wanted more ...which is recognition and thus he thought writing books would grant him this desire

Tru They don't even have energy to go around and tell the world how to get rich

I disagree, trading is boring by yourself so they want to help others

​@@Rampage1Rules😂😂😂😂😂👏😂😂👏😂👏😂😂👏😂😂❤️😂😂👏😂😂😂👏

Trading with an expert has been the best way of making huge returns from cryptocurrency.

The common mistake we newbie make is to investing without help and legit guidance from a professional.

She had some interesting things to say about the state of algorithmic trading today. Obviously I'm seeing result, and my trading is going smoothly. Trading is like a real time business if you want to win it, you need to prepared for it. Markets are unpredictable, and you can't predict every.

Nice content. To me trading the forex and crypto market is way better then any online investment. I agree with your sentiment 👍 I'm yet to see the backtested results in my trading account, so I'm working on being more aggressive in adding to winners. An expert who can provide through of investing in Bitcoin around 2015 but I was discouraged by the raise and failed, don't know but feel like giving it a try proper guidance, and trade with the right strategy.

Sounds interesting. Been trying to learn this game 🤷‍♀️Cryptocurrency has become a lucrative way of earning nowadays if traded well, My spouse invested heavily in it. And he weekly returns are guaranteed. Would advise you try EOS price prediction because it will rise again.

Agreed, thanks for watching 🙏

Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again

In order to make profits from trading you need loads of experience and a well defined strategy, which most traders don't have. If you trade without the proper preparation, you're most likely to lose your money. Identify the buy/sell ratios and identify the market leaders and most importantly. Diversify! this will help you spread risk.

please who is the expert guiding you? i have lost so much as a beginner🥺 investing into stock without a proper guidiance of an expert.

.

Reach him on Google

Agreed.. The risk with those types of trades over the long run do not make sense. Might work once or twice, but the successful traders I've seen are all managing risk extremely carefully.

Agreed, the more people we can help see the truth, the better👍

we are still staying in the markets🙏do your research before jumping in the markets

No no no, actually the 2000s are the ones scamming y’all 🤣🤣🤣we know these things, so plz don’t say 2000s, say people who don’t know about forex.

@@mukeloncube410 blv what you want to blv MN :)

@@theinsidertraderfx_ people are lazy bro and jump a gun to blame the mentors lol

That would've been the perfect ending😂

I have $50k invested that's why i can earn that much

I don't trade myself, i use an expert which is Mrs Jane which is why i earn because of her outstanding strategies

I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Jane, I think she is the best broker I ever seen.

I knew her, I invested with her and i earned a lot of profit, all thanks to her ❤️

Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade

Wow, you know expert Theresa...? I'm one of her clients.... and I'm a living testimony of Expert Theresa. She has changed my financial status for the best, all thanks 😊 to my friend who introduced her to me

I keep on hearing expert Mrs.Theresa's name being mentioned here and on Twitter does she worth the credits and reviewed?

Sometimes I wonder if she uses magical powers to trade I've never heard or seen any of her clients complain of lost....I think she's just too perfect💯

Anyone looking to invest or trade the forex market should get in touch with her

​@Svetlana Shebchuk okay then, I will give her a head start to see what she is capable of making.

Yeah I mean why spend 8 hours a day on the charts losing money, if you can make thousands by selling a course. They definitely take advantage of the people trying to "make it" financially.

I almost fell for their shit, till then I came across channels like these, that warn us of fake Gurus. They(fake Gurus) use simple techniques, which are shooting the video in the garage full of cars that bounce or in front of the mansion.

Agreed.. I was personally also scammed by a few brokers in 2020. They all made the news for their scams. About 6 months later those same guys started another broker. Surprise surprise all the FX Gurus promoted the new broker. These scams go deeper than we realize.

Red flag. U must learn on ur own

Agreed

That guy is probably Warren Buffet's older & more successful brother

they would rather call out Reff Wayne to the studio to mislead the nation instead of awarness to such scams

That's awesome!!! I know nothing about investment and I'm keen on getting started. What are your strategies?

As a beginner investor, it's essential for you to have a mentor to keep you accountable. Myself I'm guided by Mrs Kathy Watley, a widely known crypto consultant

​@@roygraham3572Wow!! Kind of in shock, you mentioned Mrs Kathy She has proved beyond all doubt that it's worth generating wealth from crypto investment. I've been earning greatly

​@kelvincain1449No doubts! The strategies and Al auto trading tools she provides for beginners are very helpful, being part of her vip signal channel has really helped me as a stock holder

​@kelvincain1449Is her service available outside of the US? As her broker is registered in the US

Hi, thanks for your comment. If you take one look at the comment section, you will see that 99% of people will disagree with your statement. The scammers are out there and people are losing money. Just because it hasn't happened to you, doesn't mean it's not happening. Psychology in trading is important yes, but it doesn't take away from the fact that "gurus" out there are using ethically bad marketing to get people to buy courses that provides no value.

What does anxiety have to do with scamming? L comment

@@StefDev I would say that Forex takes a lot of dedication and mental work and yes there are a ton of scammers out there. But it is possible to make money from forex. I would imagine one of the reasons that there is such a low success rate is because of the scammers and people being given the wrong image about what trading is all about. Its very difficult, psychology is key (I'm still not 100% there yet) and you need a strategy with a decent edge to it. Its not something that you can get profitable in quickly. I would agree with you about all the scammers out there, the reason they do so well is because the promise huge profits, many of the legit teachers talk about 1-5% a month which most people don't want to hear. They want to hear about doubling their money. The reason these scammers do so well is because of natural human greed. People want to believe it because they want to make a lot of money.

Hi Mario, thanks for your comment. I believe there is merit to trading and have come across a few people who have been successful. Out of the probably +/- 50 I've been in contact with, there were 3 of them that made consistent money over the last 2+ years. My experience so far has just been that when it's not the gurus scamming you, it's the brokers. Which leads to the industry having a really bad reputation. But agreed, with years of training in front of the charts, a big account where you risk max 0.25% (maybe) per trade, and a long term focus on your trades, there is a chance at profitability. I just think there might be "easier" and better ways to make money outside of the 9 to 5.

@@StefDev Check out a gentleman called Scott Barkley _Pro Act Traders in the states i wish id meet this guy when i was younger you want to learn to trade have a look good luck

Well done for becoming profitable. I hear what you are saying, I would just push back a bit on the part about the scammers. The problem is they are not "marketing" their courses as "beginner" or "core fundamentals". As mentioned in the video, they post profits with 1000% ROIs and then add contact details for joining their mentorship programs. This leads to the assumption that 1000% ROIs is realistic and that's what can be expected when joining their courses, whereas it's not realistic at all. If it were, they would've been in Forbes.. Sorry no.. They would've owned Forbes by now.

@@StefDev that's a thing.. they flip strategies you can find for free online and put all kind of claims on them to lure uninformed masses. if there was a marketing regulatory board in FX they'd all be found to be ripping consumers off with false advertising.

He is right.....find ur edge....and beat every market player......

They're are scammers because they teach their students things you can get from RU-vid for free. And also if make money with courses they sell.

Yea bro up like 500 grand just trading from my phone rn 🤑 course is the best 🔥😎

Agreed.. It's sad to see that there are people taking advantage of the situation in Africa to make themselves rich. That's why I believe it's so important to get this message out there, so that these "gurus" can be stopped.

Can't believe I wasted 3 hours in one of his "live" seminars (whole seminar was a marketing scheme for some software that will predict the market on your behalf, for a discounted price of 15k). Personally I'm losing losing hope with trading and I'd rather invest my time in a skill that will allow me to run my own business or to be employed by.

And sadly that 10% is Financial Institutions.

it's actually only 2%

Hi Hennie, thanks for your comment and thanks for watching. I stopped short term trading at the start of 2022. My focus turned to long term investing, getting better at my software development craft. I also started focusing on content creation. Since I've stopped trying to "Get Rich Quick", ironically enough, my salary sky rocketed, my investments grew and I'm starting to see financial success. I do appreciate the advice, but I think where I currently am in life, the only stock investing I'd probably still do in the long run is a monthly contribution in a Unit Trust to get that slower but steady growth. That 10-15% per year adds up and has a bigger statistical chance of doubling or tripling over a long period than I believe day trading has.

Agreed, thanks for the comment Bathi🙏

I have now subscribed to your channel, what is your Instagram handle I would like to send you a direct message regarding a concept that I think you can appreciate

@@bathibacela9182 Thanks Bathi. My IG is @StefDev97

Can you share with me please 🙏

Me: "What's your Risk Management Strategy?" Guru: "What's a Risk Management Strategy?"

@@StefDev never risk more than 1 or 2% of capital

I agree that Risk management is very important. Thank you for the suggestion, my trading days are however over. Over the last year or so I've been looking into some ventures where the odds are a bit more in my favor. That's a big perk of living in this age, there are so many ways to make additional side income, whether that's through trading, youtube, freelancing, ecom, or just working from home for a company as developer can be quite lucrative.