This Retail Trader CHEATED Forex and Made MILLIONS of Dollars… REACTION

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Опубликовано:

9 сен 2024

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Комментарии : 317

@jaymd7130 2 года назад

This story deserves a movie.!!!

@FitWithPete Год назад

There is one, dumb and dumber.

@yam2050 2 года назад

This tells us that people who play it smart don't get caught.

@Trendleader863 Год назад

It's amazing how someone could be smart enough to make all that money but not smart enough to purposely go on a losing streak every now and again

@prathmeshyadav4914 Год назад

Probably he didn't know that all traders lose as well and it was normal to keep making profits every now and then which is impossible for anyone tho

@user-md8tv5zf6r 3 месяца назад

he was probably a perfectionist

@timbatee7433 2 года назад

This stuff probably happens a lot, but goes undetected because most people who do this know how to cover their tracks. Imagine if he just mixed up his trades a bit, took some losses on news events here and there, and they used encrypted Tor messaging on top of a VPN service that was purchased through cash bought gift cards... And he only accessed it through public wifi.

@IbrahimHassanDayTrade 2 года назад

Doesn’t matter they have their location on there phone also tor was created by government they caught sliky road founder why cant they catch you

@karansehgal936 2 года назад

One way or the other the wrong doer always get caught IF HE KEEPS REPEATING.

@afolabireny7876 2 года назад

@@IbrahimHassanDayTrade a profitable trader isn't as criminal lmao if he made losses that's totally fine

@fabianmohammed9273 Год назад

But then the person would be suspicious by just getting nuff money 😅

@Worick_ Год назад

Lol I know someone who insider trades. They are involved in the political sphere and have a similar setup to these guys

@ramonfred Год назад

In my opinion insider trading should be legal, the only consequence would be that Company Reports would have little impact on the market because speculators would have to wait/hold since they are almost certain that someone has access to the company report, the market would therefore achieve uncertainty, creating a fair ground

@schukerD Год назад

Spoken like someone who's benefited a lot from insider trading?

@ramonfred Год назад

@@schukerD I mean it might be considered cheating at times but a lot of big corporations do this to outperform the rest. I got off my righteous high horse a long time ago and it's paid out plenty I promise you.

@kevincooper0 Год назад

@@ramonfred So where do you get the opportunity or how do you get inside information about stocks and other financial markets?

@ramonfred Год назад

@@kevincooper0 Klaus Cassius.

@ramonfred Год назад

You can look klaus up. He has very close connections to the big whales in the United States. Even top SEC officials do insider trading, that's the part the public can never know about.

@adamdouglas3110 Год назад

You know you could work for 40yrs to have $1M in your retirement,meanwhile some people are putting thousands of dollars in a meme coin and now they are multimillionaires.

@elielabbey8093 Год назад

Here's Hillary made up to 200,000$ trading a 1k$ account for 9months

@mudiagajoel2247 Год назад

@Pacome Ali Stay safe bro 💯

@janeeladams847 2 года назад

The world is a game. He just found the cheat code. Didn't activate when he forgot his phone. Lesson from this video. Never forget your burner phone.

@adieleprincearthur1680 2 года назад

Never forget your burner phone indeed 🤣

@progers86 2 года назад

Dude was a certified dummy! If I were doing something like this, I'd be as off the radar as possible. 🤦🏾‍♂️

@rileygshep7606 2 года назад

He gets a Darwin award

@SomPrince 2 года назад

Everyone thinks they can be a smart criminal until they are not

@allisgodward 2 года назад

That's always the mindset when you're out. Get in and you gon have a sudden change of mind.

@ilqnd_9356 2 года назад

@@SomPrince Believe me some of us are way smarter than you think , If I didn't have a code to guide me , I would be a very successful criminal. But cheating in life to get ahead is not worth it for me.

@flinflon2896 2 года назад

I'd quit after a million and and at least switch to different brokerages

@savage-189 2 года назад

I see nothing wrong here. He was a small fish. Being sanctimonious about it means lots of people dont understand this has been going on for a long time. He never sold a system , a course ,algo or signals to make money. The only crime here is never giving his bro a fair share.

@FinancialNuggets33 Год назад

This retail trader gets jail time but the traders in Congress doesn't, HOW!

@felix3532 Год назад

Nancy Pelosi...

@Dan-do6zh Год назад

@@felix3532 what about her

@georgeclooney9491 Год назад

The real question is, why would the broker be bothered by their insane profitability ? Don't they make higher profits off of their large trades due to comissions ? It's not like they were losing money because of their profitability right ?

@user-md8tv5zf6r 3 месяца назад

they are just not used to seeing someone win ever that much

@andrewj10 Год назад

This guy needed to marry a speaker of the house lol...no charges required.

@perarduaadastra873 Год назад

Why would a broker be displeased at a client making money ? Would Pepperstone be betting against all clients expecting to make money by doing so, as most clients loose money ?

@CamdenJoVR 2 года назад

PS really like this format. Stories are just as good as strategies on the weekends.

@Mr.Tech237 2 года назад

I believe he didn't do anything wrong, he took advantage of what he had

@Emrys-1 2 года назад

You are a criminal as well as why would you see anything wrong with it.

@JaniceB1217 2 года назад

I agree to him he just took signals. However he's not just taking signal he is obtaining the actual numbers before the public gets them. That is where the problem lies. He had an inside connection and that makes it unfair and illegal

@thedoghouse123 Год назад

Nah dude. I'm not a big follower of rules myself when it comes to trading (because screw the brokers) but this was a bit much.

@yy_087 Год назад

I agree with you he's not cheating or he's wrong

@thedaxman3047 Год назад

Insider Trading isn't doing anything wrong?

@ilqnd_9356 2 года назад

I believe he was so full of himself that he wanted that perfect trading record even if it was suspicious

@chantellemodisane Год назад

That’s what every trader wants though_

@ilqnd_9356 Год назад

@@chantellemodisane delusional traders think that , real traders just want to be profitable in the long run (long run meaning relative to their trading frequency)

@rickeyrudey 2 года назад

Doesnt this make you wonder about the powers that be who does this but have immunity?

@eggsquad2007 2 года назад

I heard that grandma nancy and uncle pelosi can help you with this

@Lonwolf. Год назад

Yeah that’s crazy. I would’ve at lease had like a couple days losing streaks even if it were a couple hundred dollars but 100% win streak you’re asking to be caught.

@chandamusonda6883 2 года назад

With Forex that information is somewhat irrelevant. I say so because it doesn't impact forex transactions like the way it impacts stocks. Insider trading in forex is almost impossible. The brokers can see all the account transactions even of large volumes placed right before news events. But it's hard to point out if this is insider trading cause you're not the only one doing it at that time. Others place buy stop orders or sell stop orders. This account progress would be considered normal, more especially on an ECN account. Brokers make money from this and at most times even encourage it cause they also have their own ways of causing slippage and rigging so that you're stopped out even before you're in the trade. Come to think of it big hedge hunds are the main culprits of such dealings and they get away with it.

@groovykid92 Год назад

Lol it's funny that it's okay/"not cheating" when the MM is doing it but a regular person does it and it's "cheating". Dude literally had the plug and should be applauded.. what he does with the money is different. But come on.. this is a rigged game against the retail trader, MMs literally profit billions off us everyday.

@tebohokingsley7414 Год назад

I don't think he cheated he just had a way of knowing what was going to happen before it happened. Forex is designed for traders not to make money...so I salute this guy. I would've done the same in his shoes.

@shale0984 Год назад

Looks like someone needs a lesson on insider trading lol…

@xwhite2020 Год назад

You win, most ignorant opinion on RU-vid.

@MegaPhill93 Год назад

why r u even forex then

@sunilkumardograa Год назад

Your videos are different from others & always informative is one level up. Keeping making such videos. 👍

@patrickrutaro9109 2 года назад

Therein lies the greed that kills most of us retail traders! There's no way the poor guy would've wanted to stop such a crazy "winning" streak

@bennaq788 Год назад

Poor guy wouldn't be the way to word it

@thebrokenretailtrader3033 2 года назад

Just further proves the theory of the markets being controlled 🤫💯

@keeffs 2 года назад

Of course its controlled. By the big banks, hedge funds, and many other smaller groups of investors that are also quite big. You follow the trend of the big players, or get left behind. Cant think like a retailer trader anymore, change your mindset and learn institutional flow, to understand why.

@thebrokenretailtrader3033 2 года назад

@@keeffs lol that whole speech 🎤. I wasn’t asking I was pointing it out to anyone who doesn’t understand the markets are controlled.

@lifemarketing9876 2 года назад

@@thebrokenretailtrader3033 Whoever doesn't know that shouldn't be trading. They clearly don't know how this game works.

@RahShanProductionsMTU 2 года назад

@@keeffs it’s controlled by Central banks not hedge funds dude

@keeffs 2 года назад

Ah my apologies, thought the major players in the markets were financial institutions like com banks, central banks, and hedge funds. I mean with more money a group has, the more they have the ability to push the price in their direction.

@Benjamin.365 2 года назад

Starting early is the best way of getting ahead to built wealth, Investment remains the priority, the stock market has plenty opportunities to earn a decent payout, with the right skills and proper understanding of how the market works.

@himedft 2 года назад

Yes that's true

@JwowDickens 2 месяца назад

News sometimes sweeps both directions, fundamentally its an edge but you still have to be a decent trader. Employment rates Cpi Fomc Even if you have the numbers, technically you have to position yourself

@FXPips11 2 года назад

Well, i started 2 weeks ago with $10. Im at $60 now. 75 trades, 3 losses, that i took on purpose. Trading AUD crosses, lol. Shhhhhhhh

@fuethao8154 2 года назад

Who cares, can you live off $50 profits 😂

@johnc5915 2 года назад

@@fuethao8154 You failed to see his winning percentage. And his loses was even in purpose.

@Pauld250 2 года назад

97% win rate. Sounds legit

@petermagwele9362 2 года назад

Very insightful video!

@ProfessorMikecarGuy Год назад

Even if you don't have inside info, the price goes up or down. If you go all in with a stop loss, or if you guess correctly, shouldn't you win more than you loose?

@banginzaza Год назад

2:30 this is one reason why unregulated brokers are cool. No flags! 😂

@Shipdacheese Год назад

I''ve seen the market spike the other way or both ways on good numbers...not sure how you can profit even if you know the data numbers beforehand in Fx.

@TraderNick Год назад

Usually a spike in both directions is due to mixed data. For example, on jobs numbers if employment change beats, but unemployment rate misses, it may cause a spike in both directions as markets scramble. If data is clearly a massive beat or massive miss, markets will in that case usually gap in that direction quickly. If you know there will be a very large miss or beat due to confidential info, you could make 100% winning trades. An example might be: they expect 100k new jobs created, and it comes out at 250k new jobs created, the market will strongly move.

@sciconic Месяц назад

How hard would it have been to purposely lose a few smaller trades and not take EVERY opportunity he had so that he looked less suspicious? I mean damnnnn.

@justducky8508 2 года назад

All that money in such short time , best thing that I would do is buy and hold stock at that point

@emmanim944 Год назад

This can't be true. The MARKET doesnt always move in favour of the news.

@susankariuki449 Год назад

Its true

@flinflon2896 2 года назад

Could have gotten away with it if he wasn't so greedy. Throw in some losing trades and don't just trade the economic news events.

@wowcow1766 2 года назад

raja Banks claim his first year as a trader he went from $700 to $70.000 in a year. no proof what so ever just he claiming it

@roisin764 2 года назад

I still don't know how he cheated though. How do you cheat trading? Did he hack the broker or something?

@hariusthamrin7357 2 года назад

In a simply way, he know when the Australian Dollar will go up or down down to seconds.

@geee 2 года назад

Watch the video

@blaq7403 Год назад

trading is hard it's a mental game, you could get all the back information and still blow your account, idk why people don't get this till today

@lupupachileshe111 Год назад

Hey text me your telegram

@blaq7403 Год назад

@@lupupachileshe111 blaqdraco

@catchingpipsfx8332 Год назад

Anyone can access inside trading information on the dark web but it’s costs a fuck ton of money.

@j.rjunior5584 Год назад

Didn't think about that lol

@i2Craftyy 2 года назад

Crazy story so many things they did wrong but could’ve got away with if they weren’t stupid

@user-md8tv5zf6r 3 месяца назад

that brokerage probably are used to to see their clients loose all their life savings and seeing a guy making millions was just a big shock to them

@Commander_Chief 2 года назад

Congratulations on your wedding.

@ox3965 2 года назад

He was lucky, he was just dum enough not to quit while he was ahead. As soon as I hit 2m, I would have been out. 😂😂. Plus we all know the banks cheet everybody, but no one talks about it.

@susankariuki449 Год назад

Ha ha

@gregorywinch688 2 года назад

Sad part is...he could have done the same exact thing by just trading the news release when it happens instead of cheating

@akosifranz2246 2 года назад

lol exactly..he was too greedy and wanted to squeeze every dollar, should've sacrificed a few pips or maybe made a few losses here and there 😂😂😂 boy dont know how to properly cheat

@1murkeybadmayn Год назад

Not really. Most pip movement on news happens within minutes. Especially with fakeouts and misquotes, he will most likely not have made anywhere near that much money (every trader would be rich if it was that easy). But timing is the biggest reason why he probably wouldn't have beause there's no point having the info if you don't know when to enter and exit.

@theblackdeath10 Год назад

@@1murkeybadmayn according to the video he only go the releases 30 seconds early if he could predict the correct trade in that time he could probably have done it real-time too

@vineshen3599 Год назад

I dont see the problem with placing winning trades and having a 100% win rate.

@olupotdeogracious9192 Год назад

Absolutely he seized the opportunity available

@shepherdshumba4829 2 года назад

l thought insider trading in Forex doesn't exist, Babypips says it's fairplay

@financeandforex 2 года назад

Does a fair game means that you cannot cheat your way through it. No

@chantellemodisane Год назад

So the guy had a connection. That’s not cheating. Most of you guys would have done the same. In most cases in this world, you need to work smart. That’s what being smart and intelligent is about - simplifying adversity

@hazmanlo8560 Год назад

I don’t get it, at which part did he cheating?

@josephchai94 Год назад

If I were him, I would just withdrawal my money and stay in low profile, 7million man that's a huge amount

@nickysantoro9194 Год назад

I got a serious question. The wags and wicks and liquidity grabs I honestly dont see how you could safely make money even with news a full 24 hours ahead. I am not a great trader. But cmon. They guy has got to be good too. Just entry and exits can be hard to do correctly.

@Calx91 Год назад

Wish they also held banks accountable from stealing as well

@unknownsolza Год назад

I dont see an issue with Insider trading. He played the hand he was dealt and made millions.

@RandomPerson28337 2 года назад

Thanks for the ideas bud

@prosconsCh Год назад

I still can't understand. This guys is cheating for insider trading right? Then what should we call The true 1st person who should get this info? Someone should have the 1st one that received this info for example goverment or brokerage. That info is secret document? If this guys is cheating, what should we call the goverment or brokerage that execute a trade based on this info? This is messed up

@TaylorGangHero1 2 года назад

“On the forex” ok dad

@casimirkulikowski5949 2 года назад

Never forget your burner, lesson is to be smart when your being stupid

@prosperityinmotion7665 2 года назад

🤣🤣🤣🤣🤣🤣

@lasthope4531 Год назад

To sum it up, does fundamental analysis have any merit? There's a theory that says that news from a company's financials doesn't always dictate the market's direction and could even go against it, based on what large investors decide to do.

@heavenchannel-7 2 года назад

Please, he deed this out childhood and I earnestly pray that, the country's government should give him the second chance by serious warning and forgiven🙏🙏🙏

@donaldjones8920 2 года назад

Interesting....I would like to know what happened to them.

@Molekulasti Год назад

Remember kids, only those close to the fire get to earn money. Regulators are not allowed to snoop there.

@TP_Raks 2 года назад

US Senators...? Anyone?

@One_Andonly-Zulu.1 2 года назад

😅😅🤣tell me about it.

@Brettly01 2 года назад

but isn't it the same kind of thing the instatutions do to the retail trades, they know exactly where the market is going, cos they're the biggest players, so therefore always win their trades against retailers. good luck to them i say. 😉

@jordanfauntleroy2013 2 года назад

Institutions lose trades but not many of them. I looked at one institution and they won 300 trades and only lost 15.

@felipediban6874 2 года назад

@@jordanfauntleroy2013 And do high frecuency bots of institutions lose trades?

@jordanfauntleroy2013 2 года назад

@@felipediban6874 I don't know nothing about bots bro 🤷🏿. I wouldn't know.

@drsgme69 2 года назад

Institutions don't trade against retailers. They don't give a shit about us

@felipediban6874 2 года назад

@@drsgme69 So why the market direction goes against retailers?

@QuassaKE 2 года назад

Kamay is a Legend

@donovanmifsud8664 2 месяца назад

Money is debt ....so why worry right?? 😂

@marquisgeorge-townes8795 Год назад

All brokers are scams anyway he scammed the scammers lmao

@lawrencel2544 Год назад

Aren't most of our US senators do this kind of things ? But they make laws to immune themselves from getting locked up.

@Iamynot 2 года назад

What broker account do you use to trade on?

@adeelnasir-st5lq 11 месяцев назад

These brokers win 90 percent of the time according to statistics . And when you have 1 in million who makes perfects trades they get worried . Shady brokers

@Price_Action_Trades 2 года назад

Well that guy got caught because of greed

@georgemwangi17 Год назад

He could have just taken small hits in between and i bet he would have been good

@jayMovic Год назад

You'd think people making that amount of money illegally would be smart enough to be discreet about it. But no, they're usually loud as hell

@bryanysihara5999 Год назад

Wao.. thank you for sharing this story, thank you

@humbanclarkson8745 Год назад

Why is insider trading bad

@Hemygong 2 года назад

A little off topic but any opinions about the eth merge nick?

@Kurosaki8552 Месяц назад

Kinda reminds me of that movie Money by Park Noo-ri.

@MrIvosgarcia Год назад

Hear me out !!!! the problem is not his insider information ... its the Broker that hate loses money. The owner of this channel only know half of the story .. don't mislead people !!!!!!

@metaparcel 4 месяца назад

I mean you're cheating people into thinking you trade for a living rather than rely mostly on courses you sell. You have much in common with that trader.

@TraderNick 4 месяца назад

I don’t sell a course. I do own a software company, and speak frequently about our mission to build fundamental data tools for traders. I point this out consistently - I make money from trading & from my company

@brightoskar9469 Год назад

So are you saying if I am in a remote place in Africa doing inside trading I can still be caught

@rosemarybrown4251 Год назад

🤣🤣🤣

@jojoodimogra9730 2 года назад

Cheater will not prosper always they will be punished for what they did!!!!!

@Paulrapheals 2 года назад

The Power of Fundamentals 🤣

@Kuruthum-Manjonjo Год назад

May someone please summarise for me

@martinthomas9371 Год назад

REACH HER ON HER TELEGRM

@martinthomas9371 Год назад

Silviamorgan is her user name for help

@drivenforex4088 Год назад

That mean every trader lose money,only corrupted trader make money 💰

@atr2199 2 года назад

Man how do I do this ??? Sick guy Rated man.

@CamdenJoVR 2 года назад

He should have just done what I do - follow the Pelosi's. Oddly how successful you can be that way 🤔

@eviealex25 Год назад

how can i do that

@fr0xk Год назад

I don't consider insider trading as unfair strategy

@abraham329 2 года назад

Should have stayed low key n moved to the Bahamas or something. It's a no brainer..I swear I don't get some people's thinking.

@Keepone974 2 года назад

People who quit at the right time don't get caught, that's why we don't hear about them lol

@sharmeiz 4 месяца назад

it is fair.....same to the bank and broker....broker can send information to bank information on ehat traders order

@Ajay-uk6kc 13 дней назад

I would have stopped trading after I hit a few hundred thousand

@barbaraschwimmer1338 2 года назад

Only madam pelosi is allowed inside trading

@motivation4life287 2 года назад

The foolish guy didn't able to control the excitement to show off

@plangdiayuba578 2 года назад

wow! Just WOW!! 🤯

@Realpearl2039 Год назад

If he wouldn't forget his phone he would not have been caught with evidence of insider news trading.... Right

@bjg9801 Год назад

what about the Brockers are they not manipulating the market agaist the traders?

@solomon05032 Год назад

@Commander_Chief 2 года назад

Great vid.

@65dalexander 2 года назад

wouldnt that suck to have inside information and to only have a couple thousand to trade the event, lol!

@williamgijsbers9620 10 месяцев назад

The matrix got him

@fkoff7649 2 года назад

Lukas Kamay is so handsome just like Nick, so handsome too..

@jepoyarnoza919 2 года назад

Market deceiver... 🤣🤣🤣 now retailer deceive market😆😆

@donovanmifsud8664 2 месяца назад

Wisdom is more precious than rubies proverbs 8

@nickysantoro9194 Год назад

And yes I agree with others. This guy could easily have hidden this with losses. A 3 week low? Lol so what. Still dont see how he did it.