Forex Trading/Investing Explained

Подписаться 905 тыс.

Просмотров 184 тыс.

50% 1

For a limited time, use the link in my description to get a free trial of Skillshare Premium Membership: skl.sh/theplainbagel09201
Video on Futures: • What are Futures?
Video on Options: • Stock Options Explained
If you'd like to support the channel, you can do so at Patreon.com/ThePlainBagel :)
Intro/Outro Music: www.bensound.com/royalty-free...
Today we cover forex, FX, foreign exchange, whatever you like to call it. Seen by some as a mere requirement of international trade, it's viewed by others as an investment/trading opportunity. We explain why in our video.
DISCLAIMER:
This channel is for education purposes only and is not affiliated with any financial institution. Richard Coffin is not registered to provide investment advice and as such does not provide recommendations on The Plain Bagel - those looking for investment advice should seek out a registered professional. Richard is not responsible for investment actions taken by viewers.
This video is sponsored by Skillshare

Опубликовано:

31 май 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 286

@Fontenoy_ 3 года назад

7:08 "the lira has fallen quite a bit" : that's a very light way to say it

@burakg8789 2 года назад

man its way dramatic now. Check it out

@_VISION. Год назад

I wonder who is destabilizing their economy by making it dangerous.

@manuamanya6667 23 дня назад

BRO CHECK İT NOW

@TheIcelandicInvestor 3 года назад

As soon as I hear Forex trading I think of scammers😅

@manuelsantiago222 3 года назад

So sad, there's so much good content, so many good systems and traders around. It's just that the scam and the scammers scream louder. xD

@TheIcelandicInvestor 3 года назад

Manuel Santiago Where?

@preciousnduka8182 3 года назад

The Icelandic Investor I’m into crypto investment and the company i invest with is reliable and trustworthy because I get paid as promised whenever I invest, I’m sure there more companies like that because anything fake was copied from the original.

@TheIcelandicInvestor 3 года назад

Precious nduka Yeah not everybody is a scammer 😁

@preciousnduka8182 3 года назад

The Icelandic Investor yes

@yegirish 3 года назад

I always appreciate this channel pouring cold water on the internet's various scams and get-rich-quick schemes.

@petergruffen8668 Год назад

Interested in making new trading connections? Look at my youtube about me page!

@Va47i 3 года назад

>Average individual probably doesnt worry much about forex. Argentina: Am I a joke to you?

@knockhello2604 3 года назад

Ur from there? I don't get it

@Andoresu96 3 года назад

We basically operate on a "dual currency" system, where everyday transactions are done I pesos, but valuations are done in US dollars, highly correlating the inflation and exchange rates.

@knockhello2604 3 года назад

@@Andoresu96 thnxs

@TheDalmax08 3 года назад

I see pesos crocantes everywhere

@tomlxyz 2 года назад

Maybe Argentinians are not average

@apacheattackhelicopter8185 3 года назад

In countries that chronically experience high inflation like Turkey and Russia people will buy USD and Euro just to protect their savings. Also if you want to invest in foreign stocks, many ETFs are hedged against FX risk.

@knockhello2604 3 года назад

Yeah

@DG-um3xi 3 года назад

Why are ETFs hedged against FX?

@knockhello2604 3 года назад

@@DG-um3xi same

@alexnezhynsky9707 3 года назад

Little do they know, the printers are going crazy at both the Fed and the ECB

@apacheattackhelicopter8185 3 года назад

@@DG-um3xi Because ETF is in Euro but invests in American stocks which are in USD

@wendynoble6545 3 года назад

You're a natural teacher! You should have your own courses.

@cindysuber5518 3 года назад

He does I just enrolled for it today

@cindysuber5518 3 года назад

:-(+. 1. 5. 8. 5. 3. 2. 6. 1. 2. 6. 1)-:

@phobi3545 3 года назад

these are his courses lol

@LargeBanana 3 года назад

@@Danielkaas94 LMAO hahhaaha

@petergruffen8668 Год назад

Hello everyone interested in talking to other traders? Check my bio for more info

@JoshOlawale 3 года назад

This is really well done!! Definitely forwarding this to some people who have been suckered in to FX scams. When they ask me about "forex" I tend to go on a long rant about economic parity conditions - I think this video will be more effective!

@petergruffen8668 Год назад

the waffle house has found its new host

@ZuluNinja 3 дня назад

You just made this subject so simple and clear. Thank you so much.

@TPK23 3 года назад

Great video man, thanks for breaking this down!

@businessguide6219 3 года назад

Amazing! Never thought I'd be finish watching this video!

@Steephhnnn 3 года назад

The animations on these videos are subtle but very underrated

@chartchampion9144 3 года назад

Thank you for sharing your comments. People have been complaining about a crypto broker that can help in trading. I recommend Francis anthony+ 4 4 7 9 8 4 3 7 8 1 6 9

@DusttNZ 3 года назад

Another quality vid! Thanks Richard,

@stoopid8833 2 года назад

This is helping me understand my corporate finance course

@dav0625 3 года назад

Many thanks for this video, very interesting, and efficient !

@callumfrank Год назад

Very well explained video, one that folks really need to watch. I’m 50, retired a while at 45. I have 35% of my capital invstments in an IRA, 25% in index funds, and the balance spread across other investment accts, in cumulative of over $ 6M. I receive income from my rental properties too. Zero debt and all is going accordingly.

@kristennn850 Год назад

Living below ones means & investing is difficult but it's necessary. I've made lots of money mistakes in the past but I don’t regret it as I've learnt from them. Now I’m just focusing on the s&p 500 and waiting for a few years.

@callumfrank Год назад

Yeah that's a good path. You should focus on a good ETF of the s&p 500, relax back and watch it compound within the years.

@callumfrank Год назад

In my case Klaus Cassius has helped me to do that proficiently. I'm not a guru so I don't really have fascinating strategies. I work and my consultant does the rest.

@ChrisComeau Год назад

Awesome simple explanation, thanks!

@TheRilai 3 года назад

Your videos are amazing, thank you

@ahmadobeidat1648 2 года назад

I hope you will talk and explain more about the currency exchange market... and thank you for your efforts

@petergruffen8668 Год назад

Great video right? Wanna meet more likeminded people? Check my youtube bio for more info!

@mihirp9546 3 года назад

2:02 he does the Canadian "abouut" lol

@OHYS 3 года назад

He is Canadian

@ysxninja 3 года назад

About time you covered forex.. Great video!

@ysxninja 3 года назад

Do a video on futures?

@ThePlainBagel 3 года назад

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-1Mhk4UHJsRc.html :)

@ysxninja 3 года назад

@@ThePlainBagel How about leverage? What defines good leverage, and how to use it effectively ?

@TheBeezNeez180 3 года назад

Could you do an explanation of trading commercial paper and how investment banks make money other than their primary objective of raising capital? Love your channel. Severely underrated.

@thatcryptoenthusiast4968 3 года назад

Why don't you invest on a more secure forex trading platform that let's you monitor your account yourself and also monitor your progress as well, I trade with Mr Gregory Foster's trading platform and I receive weekly profits

@thatcryptoenthusiast4968 3 года назад

Contact him using whatsapp

@thatcryptoenthusiast4968 3 года назад

1 3 1 6 3 3 3 7 5 8 9

@GeoSebastians 3 года назад

The answer is here : it's not the investments themselves, but the commission on every trade. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-wM6exo00T5I.html

@funtechu 3 года назад

I remember looking into forex trading about 10 years ago, and the leverage that they use is just nuts. Leverage of 1:100 and 1:200 are incredibly common.

@hurdur6828 3 года назад

Yeah, as a ForEx traded, 50:1 or 100:1 is most optimal since foreign currencies only move like half of a percent a day

@daniel-blessmannjoroge6483 3 года назад

There is even 1:888

@KFGustavo 3 года назад

that's also common in crypto, which is funny since crypto moves like 10% in a day by itself lol

@funtechu 3 года назад

@@KFGustavo Crypto is essentially Forex since it also involves the trading/exchange of currencies. When trading crypto you are buying/selling quantities of another currency. But yeah, using high leverage for crypto is just Dumb with a capital D.

@Scarlett-zv1yb 3 года назад

Highly educational. I love it.

@chartchampion9144 3 года назад

Thank you for sharing your comments. People have been complaining about a crypto broker that can help in trading. I recommend Francis anthony+ 4 4 7 9 8 4 3 7 8 1 6 9

@randybrickson4290 3 года назад

"plethora of other factors" was spoken in this video, a video that I regard as highly informative 5:24

@Kim-ur3jk 2 года назад

Well done! Thank you

@shivambarke 3 года назад

Love your content 🔥 💯

@cindysuber5518 3 года назад

I'd and vice you contact him on mail👇

@ankushshah1720 3 года назад

Whatever he is teaching 95% of it is covered in CFA.

@VTC05 3 года назад

I buy Euro annd use Euro to buy dollars for my US stocks portfolio. When the pandemic started I lost 9-10% of my money as the Euro stayed at 4.8 (my currency) and the dollar fell from 4.5 to 4.1 (around 9%). Bye bye couple hundered dollars :(((

@honkhonk8009 3 года назад

yep. US dollar gonna depreciate a bit.

@rodolfocorrea2886 3 года назад

Are international stocks traded on the NYSE affected by currency fluctuations at the company’s country of origin/operation? Not sure if you made a video about this yet. Thanks for the amazing content!

@waynetonbrooks186 Год назад

Always great content

@StonekeepNeapolitan 3 года назад

you rock Richard!

@jorge86rodriguez 3 года назад

I understand in the macroeconomic sense fx has important job to fulfill. My issue with fx as a retail traders is that there is not a centralized exchange, and that is the main reason why there are so many abnormalities in the fx investing world. If someone wants to do fx is safer to do futures there are even fx contracts with all the principal pairs but managed by a centralized exchange.

@thatcryptoenthusiast4968 3 года назад

+1 3 1 6 3 3 3 7 5 8 9

@thatcryptoenthusiast4968 3 года назад

Contact him using whatsapp

@maclennanld 2 года назад

I too miss standard Cherry coke being widely available in Canada, everywhere I look they are only offering diet cherry coke

@sudhanvakashyap297 3 года назад

nice...nice description

@alexnezhynsky9707 3 года назад

Sounds like the risk reward is worse than trading stocks. In the long term, all fiat currencies are sinking ships. In your example, when you made $350 on the USD/CAD trade, the USD devalued for a reason, so by the time you sell, you can potentially afford less things with $1350 than you did a year ago with $1000. That's a very extreme and unlikely scenario, but you get the point. All central banks are printing like crazy this year, so you're certainly going to lose if you remain long be it USD, EUR, CAD, etc. You better trade like a pro so you can stay ahead of inflation. See inflation works against you if you hold fiat currencies but it's actually neutral or even beneficial if you hold stocks. But to each his own I guess

@Alfaomegabravo 3 года назад

If you live in poor/turbulent country its not a bad idea to have some cash reserves in dollars or euro depending on where you live if you need to flee or to protect against very high inflation. You know before the government limits you from exchanging your local currency.

@wuziwu8148 Год назад

If the currency conversion is favourable due to wide margins does it make sense to speculate and concert currency similar to 52 week high/lows? I understand this is speculation but it seems like a low risk high reward investment. Any thoughts?

@xK9547 3 года назад

Great video

@leprechauninc 2 года назад

Sir you left out going to your bank where you have a checking account, and ask your banker to switch it. When you want to redeem take the foreign currency back, and deposit. Your local bank is a safe exchange that isn't going to run away with your money.

@leprechauninc 2 года назад

I left out while the person is in the bank ask your banker to talk. This is how I began FX. My bank was there to hold my hand a bit. When I want to redeem for domestic currency that I use day/day I simply brought the cash back, and deposited at the exchange rate that day. Bank charge fees. Mine was around 6% Some more some less.

@edukationsuccess2622 3 года назад

Omg I love your content ! You inspire me to start my own RU-vid channel. I want to make video like yours so my channel can look more professional. Do you mind to share with me what software you use? Is it doodle or video scribe

@ThePlainBagel 3 года назад

I draw everything myself using GIMP and animate on Adobe Premiere Pro. Good luck with your own channel!

@cessmo_kaynush Год назад

So does it mean in forex you buy another currency and wait for it to add value in order to make profit

@OfficialAlexWoo 3 месяца назад

one of most important factor is the liquidity

@fififinance7469 3 года назад

Thanks for this video. Any advice on investing outside your home country? How often would you normally trade?💪👍

@thatcryptoenthusiast4968 3 года назад

I advise you seek a professional to guide you through your trades, I trade with Mr Gregory, he will help you out with all you need to know on how to make profits from forex trading, speak to him directly using whatsapp

@thatcryptoenthusiast4968 3 года назад

+1 3 1 6 3 3 3 7 5 8 9

@je.m3320 3 года назад

0:30 yeah we need the fractional shares tooo

@chartchampion9144 3 года назад

Thank you for sharing your comments. People have been complaining about a crypto broker that can help in trading. I recommend Francis anthony

@12nites 3 года назад

"...overall political and economic stability is a key determinant of a currency value..." No llores por mi Argentina!

@mateovazquez6685 3 года назад

Jajaja, saludos desde Mardel!

@user-jj8lz4ki3m Год назад

Will war and price inflation also affect?

@jasonblakehustling 3 года назад

Good.info

@user-yc6dc3yg1c 2 года назад

Like your video! What do you think about these: 1. FX Liquidity does not matter whether it is from closing a long or short position, it can be taken by MM/banker/any trader to open as a long or short position. Is this statement true or false? 2. Because FX is a zero sum game, if the liquidity is worth USD$10.01m it cannot be taken one cent more or less it must be digested exactly with the same amount by the MM/banker/any trader. Is this statement true or false?

@user-jj8lz4ki3m Год назад

Can foreign exchange be a stable investment? can i ask you

@adityarathod5330 3 года назад

Whatever your name is, i have watched most of your content. AND I WILL BE CALLING YOU ALBERT WESTER FROM NOW ON. Thanks for the money.

@robertmccully2792 3 года назад

How about explaining after hours trading, how is that possible, and what does it mean to those that can’t?

@favourreuben8123 3 года назад

I can tell you all about that

@chrissain4710 3 года назад

If you can't just have a professional do it for you in real-time, learn and earn, best way to grow in investments, although I'd suggest starting with a trader that uses insurance just in case, if you don't know one I can give you the email of the one I've been using all year, she's really good

@TheTaquitoProject 2 года назад

@@chrissain4710 your person took a shit in front of my door so I would step in it.

@Je.rone_ 3 года назад

I think we all can agree There's nothing more annoying than someone trying to sell you their Forex course or group membership The only close to that is RU-vidrs who comment on other people's videos to promote their own channel like myself

@arekkusu888 2 года назад

At 1:43 you are showing the symbol of the Japanese Yen instead of the Chinese Yuan.

@nomiscph 2 года назад

Fun fact: Denmarks currency DKK are bound to the EUR Before the EUR existed, it was the German DEM it was bound to.

@michaeltran2420 2 года назад

I make huge profits on my investment since I started trading with Anna Lawerence , her trading strategies are top notch coupled with the little commission she charges on her trade.

@michaeltran2420 2 года назад

You can reach her on tele gram her user name is investwithAnnaLawerence

@CrushedParagon 2 года назад

I definitely feel the pain of finding cool stuff in the US living in Canada. I'll get all to the cart before getting hit with $50 shipping and having to reluctantly give up on what I was going to buy because fuck that.

@fadyibrahim5611 3 года назад

Hmmm..... i thought this was all about trading your ex......... not about money.....

@jona4385 3 года назад

I mean i did trade my ex for money on a foreign exchange

@sandraratcliffe6453 Год назад

Are you Canadian?

@shahzai4202 3 года назад

dang really wanted to be first, keep up the great videos man, Love it!!

@Exachad 3 года назад

Close tho

@tomlxyz 3 года назад

Why tho

@shahzai4202 3 года назад

@@tbird81 childhood friend of the plain bagel, I thought it would make him laugh lol. just a kind hearted internet joke lol.

@ryansedore33 3 года назад

Commenting for the RU-vid algorithm

@norvusordoseclorum 2 года назад

My man has heard of Albania!

@robertkacala 3 года назад

US budget deficit soars to $3tn record...more printing less value

@thestranger252 3 года назад

That's why you should not hold USD as your cash lol. To this point it had an aproximative 7% inflation and more inflation is on its way. Compare that to EUR that had a 0.3%...

@samsonsoturian6013 3 года назад

Dude, it isn't have that simple. Population and GDP go up while money supply stays the same, then DEFLATION will occur. Like it did when Grant was President because there was not enough gold mined to keep up with the growth of the US, so unlimited silver minting occurred.

@HEWILLRISE93 3 года назад

But is it possible to go full-time retail trading in forex?

@HEWILLRISE93 3 года назад

@Frank B Warren ok thats what i needed to hear

@samsonsoturian6013 3 года назад

Only if you're either a degenerate gambler or a High-Frequency Trader with a supercomputer.

@MrC0MPUT3R 3 года назад

Cherry coke is the worst. Fight me.

@kevindudson2344 3 года назад

So the Albanian currency is severly undervalued. Buy buy buy

@daniel-blessmannjoroge6483 3 года назад

Not every undervalued currency or commodity or stock should be bought

@samsonsoturian6013 3 года назад

Currencies aren't stocks. They have no intrinsic value.

@grimwaltzman Год назад

In any country with volatile currency, foreign ones, mostly USD and sometimes EUR, are the most available way of investing for people with relatively small amounts of money. My "financial cushion" is mostly USD and EUR with only 10% being in my country's currency. So when I see americans talking about how the inflation destroys their savings I often cry on the inside.

@undercoverlord 3 года назад

Last

@rageoid 3 года назад

I thought Canadians only drank Molson ?

@leadingauctions8440 3 года назад

Wishful thinking Canada.

@XxpitbulxX009 3 года назад

one donut half donut finance

@antheman5156 3 года назад

Great knowledge and content. You should do one about Bitcoin next

@PR-ek9jl 3 года назад

If you want to learn about Bitcoin visit "Simply Explained" or "99 Bitcoins". Those channels have a lot of content on BTC and cryptocurrency. Don't forget to subscribe so you'll get more content, but I'd suggest you'd learn through an expert, was how I started my portfolio, now I'm 60% BTC, 30% ETH, 10% ADA & XRP. I can direct you to my broker, she'll set you up real good

@KostasAdamos 3 года назад

Dear The Plain Bagel could you please gray a bit your background or something it is way too bright in large monitor. Thank you!

@sudhanvakashyap297 3 года назад

yes i agree

@ThePlainBagel 3 года назад

Appreciate the feedback, I'll be changing my set up soon so I keep that in mind!

@priestland1 2 года назад

Get an advert from Greg Secker before the video starts.

@jonathon5075 5 месяцев назад

Apparently some of the big Russian oligarchs got their entire fortunes from this kind of currency exchange with rubles vs. dollars back when the Sovient union fell

@floxy20 3 года назад

Like the casino which offers roulette, poker, blackjack, craps, etc. the money world offers currency trading, which the average retail investor should stay the hell away from. The U.S. portion of my stock portfolio pays my dividends in U.S. currency. That's enough of a hedge for me.

@MichelleHell 2 года назад

I got really good at forex after blowing out my account several times. Eventually I decided to take my strategy to crypto without leverage and my strategies worked. My trading strategy wasn't bad, it's just that the leverage will autoliquidated you so you cant HODL through a dip that destroys your equity. But on crypto I can buy, HODL a dip of any magnitude and wait to sell for a profit, even if it is several years.

@zoeyluna1352 2 года назад

I make huge profits on my investment since I started trading with Anna Lawerence , her trading strategies are top notch coupled with the little commission she charges on her trade.

@zoeyluna1352 2 года назад

You can reach her on tele gram Her user name is investwithAnnaLawerence

@papajohnsuk5965 3 года назад

video proves its point when u have forex trading ad b4 for only '$299'😅, people suck

@graymars1097 3 года назад

Jesus Christ Plain bagel 🥯 is there anything you can do as the owner of the channel to get rid of these spam comments?! Not complaining just really asking for help

@ThePlainBagel 3 года назад

Yea it's been pretty bad lately...I'll reach out to RU-vid and see if they can provide a solution.

@aqua7222 3 года назад

I’m 5th 😀

@garrettparker4349 3 года назад

@aqua7222 3 года назад

@kilppa 3 года назад

Money printer go brrr

@chartchampion9144 3 года назад

Thank you for sharing your comments. People have been complaining about a crypto broker that can help in trading. I recommend Francis anthony+ 4 4 7 9 8 4 3 7 8 1 6 9

@Nikolleshi 3 года назад

Albanian lek i liked that😁😁

@roibrycker8897 2 года назад

@ashjr59 3 года назад

Algo

@albertmartinez8529 3 года назад

Have fun trying to earn money on forex with fundamental analysis

@devilex121 2 года назад

The goal for MOST people is not to "earn money" but rather to have hedges against various currency risks and further diversify their portfolios. You'd need to be using HFT algos in order to even consider making consistent returns on FX trading alone.

@taylorlee2147 3 года назад

Smashed the like button on this . Several intelligent people are terrible investors because they face the market with untrained psychology and untamed emotions. . You need to keep raw, irrational emotion under control.

@Argenswiss 2 года назад

funny how in the US and Canada forex is irrelevant for your average Joe, meanwhile even 10 yo kids in Argentina know that for us buying dollars is pretty much a cheat code investment

@Argenswiss 2 года назад

if you are planing to stay here of course

@lennonSystems 3 года назад

The best currency is ILS (Israeli New Shekel), I recommend you looking for it. I’m living here and never change it to anything else, everything else has horrible inflation.

@JuanRodriguez-be1vf 3 года назад

Great content! Whoever dislikes this, is probably a TikTok'er....

@butterfacemcgillicutty 2 года назад

You can't get cherry coke in Canada? That sucks

@MrTable-sk9bh 3 года назад

I'm surprised I don't see any scams in the comment section.

@dumolollen7676 3 года назад

😬😬😬😬 1$= 75 rupees in India

@knockhello2604 3 года назад

@gabbar51ngh 3 года назад

Dollar is world reserve Currency. Rupee is from Socialist india

@samsonsoturian6013 3 года назад

@@gabbar51ngh India is many things, but you know that ain't one of them

@gabbar51ngh 3 года назад

@@samsonsoturian6013 it is Socialist.

@samsonsoturian6013 3 года назад

@@gabbar51ngh liars burn in hell with their tongues removed.

@hellomate6079 3 года назад

How to become a Forex broker?

@favourreuben8123 3 года назад

I can tell you all that

@samsonsoturian6013 3 года назад

There's degree requirements and certification tests and THEN you get a job at a brokerage.

@tubanbodyslammer9125 3 года назад

I heard forex is just a money pit

@Hyperpandas 3 года назад

Lol, I see what you did there....

@knockhello2604 3 года назад

@@Hyperpandas oh

@oliviadaniel9555 3 года назад

No,it is not

@nate4this 3 года назад

Aboot

@mephistoss238 Год назад

Rip euro

@finance3660 3 года назад

From india - Like

@luisriba8082 3 года назад

80 percent of trading is about psychology. The 20% you figure that out ..

@thatcryptoenthusiast4968 3 года назад

Contact him using whatsapp

@thatcryptoenthusiast4968 3 года назад

+1 3 1 6 3 3 3 7 5 8 9

@JMax-ip4io 8 месяцев назад

Having earned thousands of dollars in the trading market, I dare not doubt the profitability of the cryptocurrency market. Get a weekly income of 10600 euros even in this time of recession and high inflation. Britney is doing a great job, She is the right woman to lead the investment business.

@trureality7196 2 года назад

@pragmatiste 2 года назад

Just short Turkish liras until 2023 june. Trust me guys it's been proven for 20 years.

@robertshuxley 3 года назад

did you lose weight?

@bhargav7476 3 года назад

In the next 50 years, after WW3 lead by the USA and China, I think there will be one global currency system. This idea has its pros and cons, Economics Explained has a great video on this topic

@alexnezhynsky9707 3 года назад

A lot of traders will lose their "jobs"

@gabbar51ngh 3 года назад

China will fall apart before that happens