Can You Really Make Money in Forex Trading? The Hard Truths

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  • Опубликовано: 5 сен 2024

Комментарии • 292

  • @tadiwabryanmusere2602
    @tadiwabryanmusere2602 4 года назад +63

    Protect this man at all costs!

  • @teejaysmartysmart972
    @teejaysmartysmart972 3 года назад +15

    I don’t comment on videos but I must say this is the best reality out there. Thank you for the eye opener. And I just subscribed

  • @diamondwilson4247
    @diamondwilson4247 2 года назад +17

    I had to stop this video and say thank you so much for sharing your knowledge. Just found your content and I’ve been binge watching. This was a real eye opener for me to see your trading statements(especially the equity curve) and realize that even professional traders like you still lose. This is helping so much with changing my mindset about losing. Thanks so much Adam. I appreciate your work.

  • @MegaByte_02
    @MegaByte_02 4 года назад +8

    Great Tutor. Your style of tutoring is unparalleled. Keep doing the good work. Shout out from Nigeria:)💪

  • @rajivkapoor8971
    @rajivkapoor8971 4 года назад +2

    You are so right. Human nature not wired up to accept big loss or take small profit. We should accept small loss and wait for bigger gains.

  • @fredmoono7462
    @fredmoono7462 4 года назад +6

    Keep executing VALID trades setups consistently is the HOLY Grill of trading...Adam you should do a video on how to handle situations of not having valid trades in a long time if you are a swing trader

  • @abdirahmanabdikani9876
    @abdirahmanabdikani9876 3 года назад +3

    I like this guy... How he really understands what new traders do 😀

  • @jeforcex4118
    @jeforcex4118 4 года назад +12

    Thank you Adam for sharing your wisdom and the hard truths about real professional traders!
    I am an inconsistent but profitable trader and after watching your video, I came to a realization that I made some of the "noob" mistakes along the way and reduced my risk % just because of a losing streak.
    Could have recovered all of my losses if I stick with the exact same risk % even after the losing streak and ride my winners!

    • @betsycho.b5022
      @betsycho.b5022 4 года назад

      Hi ..just love the way you put it and what you wrote.....give some encouragement to newbies like me, suffering losses unnecessarily..

  • @rc2276
    @rc2276 3 года назад +6

    Great video Adam. Love your honesty and integrity and breaking down the numbers, no one else would talk through their real results.

  • @sushant_aher-FX
    @sushant_aher-FX 4 года назад +6

    Never knew that some one could really share this knowledge. It was really helpful and clearly changed my mind set. Thankyou Adam 👍🏻

  • @OpuboIkiriko
    @OpuboIkiriko 4 года назад +4

    Hey Adam, your explanations are so clear, they set you apart completely. Thanks for what you do here. Please keep it up. We love you.

  • @jimmosher1467
    @jimmosher1467 4 года назад +7

    This came at the right time! Was on the verge of giving up 🙏🏾😂😂

    • @theacademyofforex
      @theacademyofforex 4 года назад

      Don't give up. Be patient and be consistent and profit will come.

  • @sw1tch327
    @sw1tch327 2 года назад +1

    Another big thing is just Geopolitics, Company developments, and The press. For example, if a stock is at an uptrend in a failing economy with no new developments, and a negative press reputation ( or even one of these things) there's a good chance the uptrend is coming to a reversal soon.

  • @Mr1stBro
    @Mr1stBro 4 года назад +9

    Thanks Adam for the detailed elaboration.

  • @johnallen1210
    @johnallen1210 4 года назад +1

    14days of hardwork and focus can put you many years ahead i just got into forex and I made my first profit wish I knew about this earlier

  • @zhelunkhor4147
    @zhelunkhor4147 4 года назад +53

    If the strategy always go the wrong way,then just need to take the opposite of that strategy 😂😂😂

    • @DINESHKUMAR-po4my
      @DINESHKUMAR-po4my 4 года назад +5

      Yes I do compromise and quickly change the strategy if it goes wrong. Market never shows grace to anybody it's a monster 👹 we need to go the way it goes.

    • @masonridgewell8063
      @masonridgewell8063 4 года назад +2

      exactly 🤣

    • @pipibrasci823
      @pipibrasci823 4 года назад +5

      and that what i call gambling! lol. you dead funny

    • @betsycho.b5022
      @betsycho.b5022 4 года назад +1

      If gambling with some strategies, is called "calculated risk"...so up my game,LOL

    • @tarryjuliana4496
      @tarryjuliana4496 4 года назад

      @@betsycho.b5022 you're right.. Calculated risk

  • @albertlabos8400
    @albertlabos8400 2 года назад

    THe vast majority will not and can not do what you ask them to. But I admire your generosity and persistence nevertheless.

  • @tbnn6264
    @tbnn6264 2 года назад

    Average risk to reward ratio is 1 : 1.3 and you still have an edge about 23.5% in 101 trades. That's very awesome.

  • @theprofitabletraders8072
    @theprofitabletraders8072 4 года назад +5

    Right strategy, hard work, patience and discipline play a very big role in becoming a successful trader..thanks for the video

    • @smithgates7952
      @smithgates7952 3 года назад

      Can i really earn big from forex trading? I have been losing money 😭

    • @feliciaanzer1994
      @feliciaanzer1994 3 года назад

      @@smithgates7952 sure you will definitely earn big only if you have a good broker and strategy.

    • @kabirimag3394
      @kabirimag3394 3 года назад

      How can i start trading on my own?

  • @impink123
    @impink123 3 года назад +2

    THIS is the honest TRUTH! Thank you, Adam for explaining it!

  • @kasem84
    @kasem84 4 года назад +9

    Thank you Adam, you always give me the motivation to continue.

  • @moxmokwena9906
    @moxmokwena9906 4 года назад +4

    This is absolutely a "WOWING" video...THanks for wising me up.

  • @mashablesam
    @mashablesam 4 года назад +9

    Thank you so much Adam for this you saved lot of people from making mistakes ❤️

  • @mitzikathleenpico8546
    @mitzikathleenpico8546 5 месяцев назад

    Thank you so much Adam. I stopped trading 2 years ago because I was frustrated by my losses and I felt like trading was a chore for me that time. So overwhelmed with everything, plus the hype. Now that I have seen your videos, especially your trading psychology videos, I was now more chill and accepted that trading isn't linear.

  • @kabuginjimu8573
    @kabuginjimu8573 4 года назад +1

    Very very important lesson for FOREX traders...Adam we look forward to more FOREX trading lessons...Thank you .

  • @alexhibbert2632
    @alexhibbert2632 4 года назад +3

    Forex is a very lucrative business and one can actually make money from forex trading and can also make a huge loss in forex if not careful. I strongly advise forex beginners to seek help from experts

  • @mikedok1
    @mikedok1 4 года назад +11

    The itchi/ scratchy? That must be a new strategy. Must be a good one. I might look it up.

    • @circvmspect
      @circvmspect 4 года назад +1

      That's the strategy The Simpsons use and they're *super successful* 😉

  • @theacademyofforex
    @theacademyofforex 4 года назад +1

    Great video! The psychology of trading is the number one rule I teach and the absolute most important rule. Psychology of trading can make people do crazy things.

  • @michaelcruise2234
    @michaelcruise2234 2 года назад

    good video even for 2020 i just fond this video i did that and lost 5k gone had loads of winning trades then loss after loss till 5k down no no more money to trade

  • @LiquaFoo
    @LiquaFoo 3 года назад +4

    Trading is simple. Do the opposite of what you think is right and you’ll be fine

    • @autonomyseeker6082
      @autonomyseeker6082 3 года назад

      If its that simple. Are you making a living out of trading then?

  • @kabuginjimu8573
    @kabuginjimu8573 4 года назад +1

    Adam Khoo....thank you very much for your lessons on FOREX...You have really helped me make progress especially in trading psychology.
    FOREX trader in Kenya, Africa.

  • @niquehawkins-bedzrah5744
    @niquehawkins-bedzrah5744 2 месяца назад

    4:10 got me. Adam is always Khoo. Thumbs up man, that's sone good humor

  • @leonmuzombi5983
    @leonmuzombi5983 3 года назад +1

    Thank very much , im still demo trading bt im learning a lot from you.

  • @mohammedabdirahman8757
    @mohammedabdirahman8757 4 года назад +2

    Good lesson
    Thanks Adam I watched your vidoes they build my psychology well

  • @markvincentcenita39
    @markvincentcenita39 4 года назад

    That what makes you my great virtual mentor,Im still learning to accept losses because failing sometimes is not taught in school its the market that will teach me to keep on failing forward.thank you teacher.

  • @lawrencealbert5186
    @lawrencealbert5186 4 года назад +2

    Nice video on forex trading and Indeed a memorable teaching sir so many people are into greed and so many low strategies when it comes to trading and investing its really recommendable before going into any online trading market please seek Guidance from any trading expert you know off so you won't end up losing money and Energy when trading with poor strategies.

    • @lisascott8055
      @lisascott8055 4 года назад +1

      Please sir I need a portfolio manager

  • @guccibella6620
    @guccibella6620 4 года назад

    I am VERY grateful for all of your knowledge Adam Khoo! So glad I stumbled upon you.

  • @opeyeminana3096
    @opeyeminana3096 4 года назад +3

    You are so good men....You are so so so so so good!!!

  • @glennstevens5442
    @glennstevens5442 4 года назад +2

    Thank you Adam .You hit another home run with this video .I am growing stronger mentally ,spiritually, financially and in all other ways every day. You did an outstanding job explaining the emotional intelligence one must accumulate to master or professionally navigate the financial markets. Thank you Thank you Thank you

  • @opeyeminana3096
    @opeyeminana3096 4 года назад

    U know this is so practical. I found a strategy and initially it was working just fine and i felt like , yes now i own the market. I can predict every move . It was so smooth and easy. I was making money.
    Then i increased my lot, later i started loosing consistently, When i'm in profit i quickly take it for fear it will go into loss. I increase my lot again to take revenge on the market and cover lost trade , and i lost again and again and again.Finally, I dumped the strategy .
    Adam , your videos are eyes opener. I have seen a lot of it. I have seen what i didn't do right. The problem is not with the strategy .
    Thanks so much.

  • @Youngblissmusic
    @Youngblissmusic 3 месяца назад +3

    Who's here in 2024

  • @mardan5502
    @mardan5502 4 года назад +1

    Adam! you were and will be best Mentor, Trader and the best man with a great soul. I have never seen who can explain like you. Your words are like a cure these days. Thank you very much. I have not seen such a trader like you. You are BEST. I really hope that one day see you and you will try your hand again..🤝

  • @surajmg8819
    @surajmg8819 4 года назад +1

    Adam will come every week by reading my mind. Thank u Adam

  • @festusemaniru2467
    @festusemaniru2467 Год назад

    This is top notch education in the scope of forex trading.

  • @diogovieira2722
    @diogovieira2722 3 года назад

    Adam I don't know what to say, I do follow you for over a 1year and I just start to have consistent profits and losses. but some times I still risk to much some times 10% of my account. I know I have lucky some times , but what I think what as being saving my but , is to be consistent on my strategy even when some times i risk to much . you are one off my virtual mentors you and Ryan you are the the best. thanks a lot for help me out in this journey. looks like you have a crystal ball everything you say is true. looks like you are next to me watching all my shit trades. actually this week i just had losses. that's the reason why I'm watching this again.... you are simply the best.

  • @wl6279
    @wl6279 2 года назад

    That's it, believe in your trade, that's the key lol. Wow Adam you are the only one
    on you tube that has explained this process with the most common sense therefore making
    it very easy to comprehend, much appreciated. Video is definitely a keeper.

  • @mariocruz6941
    @mariocruz6941 4 года назад +5

    PLEASE ADAM TALK ABOUT THE U-SHAPE RECOVERY, I SEE NOW CLEARLY

  • @hktrucker
    @hktrucker 4 года назад +1

    Adam can you make a video about the second wave? What should we do with our long term investment? Is it wise to sell everything?

    • @AdamKhoo
      @AdamKhoo  4 года назад

      For investments, you simply hold it through the short term ups and downs. You can use options to generate short term income along the way and hedge against volatility

  • @anitacampbell446
    @anitacampbell446 4 года назад +1

    Learnt so much from this video, I still think trading is the best investment decision anyone can ever make

  • @michaliskaris4895
    @michaliskaris4895 4 года назад +2

    Thanks for the truths!! Come on the right time for me.

  • @margaretcanovi2674
    @margaretcanovi2674 4 года назад +1

    Hi Adam thank you for sharing your knowledge. I love how you explain in detail.

  • @user-jf7kz5kw6e
    @user-jf7kz5kw6e 4 года назад +3

    Fantastic video. thks for the video adam

  • @emdorshadap3971
    @emdorshadap3971 3 года назад +1

    To find right strategy is easy but to balance psychology is very tough.....

  • @hassansaeed4376
    @hassansaeed4376 4 года назад +2

    Hi Adam, Love your videos, please tell me how much time you spent on trading Stocks? if you can make a video " A day in the life of Adam Khoo" that would be awesome.

    • @AdamKhoo
      @AdamKhoo  4 года назад +1

      Less than 30 mins a day... check out my recent video " A night in the Life of Adam Khoo" ruclips.net/video/a1z7XMD_QzI/видео.html

  • @sarunas3007
    @sarunas3007 4 года назад +1

    Good job Adam Thanks for video. More like this really would help

  • @ggg1815
    @ggg1815 4 года назад +2

    Wow Adam this is an amazing lesson. Thank you so much.

  • @zhengxijiang4087
    @zhengxijiang4087 4 года назад +1

    Hello Adam, When I hear your videos about stocks you are much more optimistic about the profit, when you are talking about forex, the profit is much less attactive. why don't you just forget forex? I have also hear people say forex can not earn money , because the volatitly is very small and some market structure issues

  • @snforextradingbusiness2251
    @snforextradingbusiness2251 4 года назад +1

    Sir, which broker is best for ecn account, and which broker is your favourite.

  • @okb888
    @okb888 3 года назад +2

    Hi Adam, your 100 trades does it consist of all your strategy taught or only one specific strategy?

  • @Abhi-kk7ko
    @Abhi-kk7ko 3 года назад +1

    Thank you for the great video! I was wondering have you shared the exact strategy you have used here anywhere on youtube?

  • @cyrokuria6779
    @cyrokuria6779 2 года назад +1

    Thank you Adam for making it look real .

  • @theunknown9495
    @theunknown9495 4 года назад

    I think reducing risk or increasing risk at the right time is a good idea personally but depends on wr and r

  • @ajflowers4134
    @ajflowers4134 4 года назад +1

    Love your vids. I actually used a lot of the info. Have made 50% in two days. I already was good at finding trading gems, but with your knowledge I have become better. My lifetime portfolio was once at 800% :)

  • @yogeshsharma8611
    @yogeshsharma8611 3 года назад +4

    I was in 90% before i had maintained my emotional discipline and my mindset....

    • @mdmujjafar932
      @mdmujjafar932 3 года назад

      are u making money from trading?? i want to be a full time trader so your reply will help me.

    • @munashe89
      @munashe89 3 года назад

      profitable traders do not watch forex videos. Ths guy is still in the 99% and is still searching for answers

  • @mishkivlog
    @mishkivlog 4 года назад

    Terrifically informative . Please never stop making videos to educate us🙏🏻

  • @mikereut6088
    @mikereut6088 11 месяцев назад

    Amazing info …I was just curious about currency exchange …but I will stick with what I know to make $ ….thx very much for the video it is very educational ….good luck I hope u make lots of $ in the future cuz u have a Chapion mentality .

  • @marysalter3179
    @marysalter3179 4 года назад

    Thanks Adam for keeping it honest and upfront. Great video.

  • @ekeneonyeoma267
    @ekeneonyeoma267 2 года назад

    Sir Khoo, you are only person who have said the the bitter truth about forex trading

    • @ekeneonyeoma267
      @ekeneonyeoma267 2 года назад

      Sir, what is the advantage of over trading, it's good to over trade?

    • @Vijaysharma39333
      @Vijaysharma39333 2 месяца назад

      Over trading happen bcoz of emotions market can't provide your setup consistently

  • @hoanhvo7380
    @hoanhvo7380 4 года назад +1

    Yupe, keep bidding, and make Adam the best winner. ^^. Thank Adam Khoo, Your information is really helpful and educate.

  • @hoepemer
    @hoepemer 3 года назад

    Thanks Adam for sharing this. Incredibly helpful to gain confidence in the the strategies!

  • @Vixenvixens
    @Vixenvixens 4 года назад +6

    Check out these 2 books “Trading for a Living” & “Trading in the Zone”. Should notice strikingly similar paraphrases of the contents on this channel. Kudos for explaining in depth though. cheers

    • @Vixenvixens
      @Vixenvixens 4 года назад

      ruclips.net/video/vBoI2NHXR7g/видео.html
      ruclips.net/video/5pIeHGxCpIs/видео.html

  • @taylorcamila6421
    @taylorcamila6421 4 года назад

    I just got into the forex game and I made my first profit,wish I knew about this earlier

  • @nagyz1975
    @nagyz1975 4 года назад

    One of the most useful videos I have ever seen. Big Thanks!

  • @MyContestPix
    @MyContestPix 4 года назад

    Thanks Adam. One of the best videos on investor's psychology!! :)

  • @chrisleong8827
    @chrisleong8827 4 года назад +1

    Hi Adam, thanks for the video. How do you calculate your 1R when it comes to Options Trading? Is the premium you pay count as 1R? Or does a portion of the premium you pay count as 1R?

  • @nugaoluwafemi4228
    @nugaoluwafemi4228 4 года назад +3

    Great presentation Adam. Thanks for this. My question is how much do i need to trade with in a year to get prepared for the losses?

    • @leecrow5132
      @leecrow5132 4 года назад

      I have also lost so much trading on my own

    • @leecrow5132
      @leecrow5132 4 года назад

      I am using an accöunt mànàger now
      18wins and 2loses

    • @emmanuelotoo3226
      @emmanuelotoo3226 4 года назад +1

      @ Lee Crow pls can u link me to ur account manager

  • @therecogniser2122
    @therecogniser2122 4 года назад

    I'll consider myself as reverse trader, simply wait and buy at support, sell at resistance, work pretty well for me, 55% win rate statistically. But whenever some friend followed my strategies, they lost money as well, some said it's too simple, some didn't cut losses.

  • @Zendefone
    @Zendefone 4 года назад +1

    Long term investing >>> Short term trading

  • @KingSpartan95
    @KingSpartan95 4 года назад +2

    Someone help me,
    Which is easier to trade,
    Forex or Stocks?

  • @vbvbfh501
    @vbvbfh501 2 года назад

    Thanks sir

  • @theunknown9495
    @theunknown9495 4 года назад

    Your videos are very helpful in my process of becoming a consistent trader. I've used techniques in casinos and been banned before so I understand the edge and how it applies to trading. Thank you

  • @MovieReview69
    @MovieReview69 Год назад

    Thank you so much ! So much wisdom in this video

  • @globaljapan6625
    @globaljapan6625 4 года назад

    You telling the truth I have learned all indicators but at ends I blow my account 👍👍👍 I even think forex is a scam don’t believe those videos telling they turn $500 to $5000

  • @hovikennao7692
    @hovikennao7692 3 года назад

    Thank you very much Sir. Valuable lessons.

  • @ChuongNguyen-lt3zs
    @ChuongNguyen-lt3zs 4 года назад +2

    Thank You Master.

  • @mikedok1
    @mikedok1 4 года назад +1

    Awesome, awesomely, awesome intro with the before and after pictures of Thor. That seas hilarious.

    • @AdamKhoo
      @AdamKhoo  4 года назад

      Glad you liked it

    • @zainablg
      @zainablg 4 года назад

      thanks as usual. which of your strategy do you used for this hundred trades? BF, TCE EMA BOUNCE

  • @Howtotradesorabhdhiman
    @Howtotradesorabhdhiman 4 года назад

    Great Mr. Khoo ! our team of traders learns alot from you.love from india.

  • @Pullbackforextrading
    @Pullbackforextrading 4 года назад

    thinking of changing strategies will change the losing into winning. common poor newbie habit.

  • @ryandinh9625
    @ryandinh9625 4 года назад +1

    Another great video. Thank you, Adam!

    • @AdamKhoo
      @AdamKhoo  4 года назад +2

      Glad you enjoyed it!

  • @divsince_
    @divsince_ 4 года назад +2

    15:12 that Aeyyy 😁😁

  • @hamburger-fries
    @hamburger-fries 4 года назад +1

    I moved to Micro e-mini Futures where it is much much much easier to make money than Forex. But the costs to get into Futures are much higher than Forex. I mostly scalp micro futures but I do 1 swing trade contract and 9 scalp contracts. I exit my trades with only 10 ticks bo matter what (not pips).

    • @86753091974
      @86753091974 4 года назад

      How much are the costs to the minis ?

    • @shwetaagrawal555
      @shwetaagrawal555 4 года назад

      Hi Matt, are you available for a quick call so we can discuss this strategy. I could use some assistance. Let me know pls

  • @mohnaim5824
    @mohnaim5824 4 года назад

    Another great tutorial , Adam is a good educator methodical and comprehensive.

    • @AdamKhoo
      @AdamKhoo  4 года назад

      Glad you think so!

  • @critiquememockme2053
    @critiquememockme2053 4 года назад +1

    Thanks Adam. Great Lesson.

    • @AdamKhoo
      @AdamKhoo  4 года назад

      Glad you liked it!

  • @kathleenaesperza7370
    @kathleenaesperza7370 4 года назад +3

    Thanks for this

  • @musandlovu2311
    @musandlovu2311 3 года назад +1

    So its normal to have 5 losing trades in row. I thought maybe I have bad strategy and I end up removing the stop loss and blow the account.

  • @Justeo7
    @Justeo7 4 года назад +1

    Thank you for taking the effort to record this video and holding nothing back in educating us again and again.

  • @itzhakdavidi2775
    @itzhakdavidi2775 4 года назад

    Very educational video. Thanks Adam !

  • @user-yc6dc3yg1c
    @user-yc6dc3yg1c 2 года назад

    Hi Mr Khoo, I saw your videos they are simply awesome. Here I like to ask a question and hope with your powerful knowledge you can help to advice correctly and the the world of retail traders can benefit from your input.
    1. FX Liquidity does not matter whether it is from closing a long or short position, it can be taken by MM/banker/Institution to open a long or short position. Is this statement true or false?
    2. Because FX is a zero sum game, if the liquidity zone is worth USD$10.01m it cannot be taken one cent more or less it must be digested exactly with the same amount. Is this statement true or false?

  • @babylion74
    @babylion74 4 года назад +1

    Winning 2R is around 2x harder than losing 1R . Is that real we still can get 50% win rate with TA strategy ??

  • @ryansyd4224
    @ryansyd4224 4 года назад

    I think it's even harder now because of the coronavirus, i've seen huge spikes everywhere in forex and stocks too