Here’s why you’ll NEVER make money in Forex. The Forex Cycle of Doom…


You’re never going to make any money trading the Forex market! Trust me! I’m a thirty-years experienced veteran trader. Hey there! Now, some of you may have already seen this video that we’re uploading today. And that’s because for some strange reason, the original version had its ranking removed by YouTube. Now, this could be a number of reasons possibly, because other channels have been stealing our content…who knows? Either way, considering the exposure we were getting and the relevance in the topic that I was discussing, we’re going to reupload it because… …I think it’s a real shame. We were helping so many traders learn a very valuable lesson. So, for all you new and aspiring traders, Thanks for tuning in and I hope you enjoy it! One of the main reasons why most traders fail in the forex market… …is because they end up getting trapped to what I call, the “Cycle of Doom”. So, what is the Cycle of Doom? I hear you cry! Well, the Cycle of Doom is basically this… Let’s assume now, you start off trading the forex markets. You’ve got yourself a strategy. Now… …you might have developed the strategy yourself. You might have copied it from another successful trader. Indeed, you might have bought it from somewhere on the web or so forth. So, now you have your strategy and you’re about to start trading this with live money. You start putting the trigger and off the bat, you start making some money! Everything’s going great. Then the inevitable happens. You start losing some money. The strategy starts… …taking money away from your trading account. Now, this doesn’t feel comfortable, so the most common… …thing you do when you start to lose money is you start to doubt the strategy. So you start to tweak the strategy, you make… minor changes to the strategy. And then, you get back trading again, and of course you start to make some money again! And now, you have the perfect strategy! But then again, the inevitable will happen. You will start to lose money. Every strategy will go through its losing periods. But you doubted, you start to doubt your
strategy. So again, you start to tweak, you make further, minor changes to the strategy, and off you go again! It starts to make money. Same thing happens, you start to lose money, and you tweak again. Eventually, after tweaking so many times you’re going to have completely lost faith in that strategy. You’re going to throw it out, and you’re going to go and search for another strategy! You’re going to hop between that old strategy and a new strategy. The same thing will happen, you start to make money… …and then the inevitable happen, you’ll start to tweak it, and then round and round the circle, the cycle of doom, you go. Hopping and changing between strategies in the hope that you’re gonna find that Holy Grail. Well, get this, It doesn’t exist! How do you make sure you don’t get trapped in that cycle of doom? Well, first thing you need to do is you need to have confidence in the strategy that you’re implementing in the market. Well, how do you gain confidence in your strategy? Well, you need to fully… …backtest the strategy. You need to put it through all the historical data, so you know the characteristics of that strategy. You know how it’s going to perform in… …winning periods, and you know how it’s going to perform in the losing periods. And it’s only then when you know, and …expect to have losing periods that your not going to lose faith in that strategy, moving forward…. …and you’re gonna continue… …trading that strategy, knowing that it’s going to come back and give you the profits that you so… …desire, and that you so you’ve seen in the back testing. That’s one of the main reasons, why most traders fail in this business. The other main reason I think, why a lot of traders fail in this business is because they come in with… …completely, the wrong expectations. Now, they’ve read all the… …marketing hype from the gurus and the educators; how you can trade from the beach, you can give up your day job, you can tell your boss to go and jump in the lake. You’re now a… …Forex trader and you don’t need to do that day job anymore! Well, that’s comple hogwash! It’s not gonna happen overnight! The other thing, you know, misguided… …bs that’s out there is that you can start off trading and make a ton of money with a $500 trading account! Again, that is not going to happen. Now, that’s not to say you can’t make a decent living with a small trading account, but it’s going to take time and it’s going to take work on your behalf. Why do you think it is? The brokers offer you such bonuses to come and join them. If you put in five hundred dollars, they’ll match it with five hundred dollars. They do that for one main reason, because they know you’re gonna blow that trading account! Let’s assume, a broker signs up 100 new clients a week, each with a… …$500 trading account, small trading account. Yeah? Now, they know that you’re gonna lose that money! That hundred dollars, that hundred clients, a week, is a two-and-a-half… …million-dollar-a-year business for that broker, because they know that you’re going to blow that money, because you’re coming in with the wrong… …expectations. You need to be… …realistic about what you can achieve in the Forex market. A hedge fund, hedge fund manager would give his right arm, for example, to have a 25 percent… …return of investment. Imagine, you start off with a 500 dollar trading account, and you have a great year. You’ve made… …25% on your initial… …deposit with your brokerage. That’s about 120 bucks, $125 or whatever it is now. That’s hardly enough to pay your internet! But you’ve got to make sure that you’re coming into this with the right expectations. As I said in future videos, I’m going to show you how you can turn small accounts into a lucrative business. Do make sure, you check out my videos on that! Also, the other main reason why people lose money in this business is they over leverage. Okay? They’re taking on… …unnecessary risk. And why are they taking unnecessary risk? It’s because they have unrealistic goals. Again, you’ve got to ask yourself a question. Why is it that the broker will offer you, 100, 200, 500 to one leverage? Because they know the greed mentality of most people! You’re gonna lose that leverage, and you’re gonna blow and wipe out your trading account! So make sure you don’t get trapped in the cycle of doom. I’ll explain about that in further videos, as well. Make sure you have… …the realistic expectations about the Forex market and what it can deliver you. If you can start off and …get your head around those two facts, then you’re gonna be halfway there to becoming a successful trader. Now, that’s about it for this video! If you like the video, give me a thumbs up. If don’t like the video, no problem, give me a thumbs down. Any questions at all, any comments, if you found yourself in the cycle of doom, please let me know! I’d love to hear from you; hear your… experiences, and see if we can help you! So look, I look forward to seeing you on the next video! In the meantime, best of luck with your trading endeavors!

100 comments on “Here’s why you’ll NEVER make money in Forex. The Forex Cycle of Doom…”

  1. Frenie Jr Moli says:

    Hi sir, I sincerely want to learn more from you. Where can I find more of your talks?

  2. Damnit Bobby says:

    I can watch this. Take a drink of water. Please.

  3. no name says:

    Sir, good day, can you teach me or give me some tips about forex trading, im a new trader,
    [email protected]
    That is my email.

  4. Adonis Savant says:

    Great information. Discipline is needed in any successful venture.. Stay positive.

  5. niceuser1234 says:

    Trading is strategy which no one can teach you.

  6. france Paul says:

    very witty and i do have to agree, its so true, people think of it as a gamble rather than a business, i did blow my account a couple of times years back, and had to learn the hard way, till a setlled with a less leveraged small low risk trading account with hotforex and setting more realistic goals than instant one shot trades. lol

  7. M Ibrahim says:

    I think it has much less to do with strategy than psychology. When you make money you get careless and lose money, and when you lose money you get careful and make money. Rinse and repeat. I've literally broken even doing this since I started trading two years ago.

  8. End Of Fate says:

    So 25% in 1 year is what i should expect?! Ishh…

  9. Forex Fire Members says:

    great video thank you

  10. Analog trading says:

    but dude i lost 11 forex trades yesterday and only won 1 at like 2, 3RR. after 3 green days. this always happens to me. i'll grind it out another week or month but i have a good feeling i'm gonna be deeeep in the red by the end of it 🙁

  11. Marco A. says:

    I thought about concentrating on the FOREX market. Was it possible to invest in inflationary currencies in a short position. Today I was looking at a one trillion Nigirian Dollar Bill. I mean of course this would mean making a lot of money on the fact that a whole economy is going down.

  12. Noah Peachey says:

    I love trading forex!

  13. MrTeasedale says:

    Using MT4 I find the detailed report very valuable. It's much more instructive and less time consuming than writing down all my trades – I know because I've done both.

  14. Kuziai says:

    In our trading group when we smash it week after week we always have your gif saying that's why you will never make money and laughing hard :DDD love it

  15. coffee at three says:

    So basically what i got from this video is "Dont bother unless you got a SPARE £100,000 which you can afford to lose…and if your very lucky you will end the year with £125,000 and you should be very happy with that…or more likely £110,000.

  16. Jean Deau says:

    At the end of the day if you trade with EMOTION you will never win, you can not be GREEDY. Stick to your strategy it's better to win a BUNCH of small trades then to lose 1 BIG trade. Remember remain EMOTIONLESS…..

  17. miecio xz says:

    it is difficult and tricky of course, but i`ve made myself a decent amount of money to keep me alive, save and spend on my wants from just 100$. Better, that was my first account ever, i wasn`t even trading on demo which sounds crazy but is possible. cheers

  18. Nick West says:

    Dont listen to this idiot

  19. The unknown Saint says:

    Forex will teach you who you are… discipline and a plan will take you far in life… problem is we only have a plan for success

  20. Jeromegrant Johns says:

    Here's a tip for free… "Never Trust a person who says, Trust Me"…. there are so many snakes in this field, you are guaranteed to get scammed. even by this guy , soon as he tells you what broker to use, he's making a kickback fee and there you have a snake in the grass.. I'm not asking you to trust me, you will find our for yourself,..

  21. nick hayes says:

    last week i started forex trading with libertex, the demo account of course. i have no strategies that i know work yet i'm still figuring it all out. today i entered a trade with 2000 x 200 and i'm losing 800 and have been for over 6 hours, i'm not pulling out, my stop loss is set to -1500 and it sometimes bounces back to -400. since this is a demo account i'm ok taking the risk to see what happens. i entered this trade 8 hour ago this morning with confidence, it was trending up, literally after i placed my trade the trend flipped. so here's me hoping that it recovers and i make the 200 i set out to make. no idea…

  22. S Duck says:

    What broker do you use?

  23. Anne Smith says:

    You would not even see the difference between stock and currency charts if there were no labels.

  24. Patrick Onyenaka says:

    Very informative, lesson learned. Cheers for sharing.

  25. xEqualize CT says:

    Im thinking of joining iml and i have no idea about trading or forex but this guy invited me to join says its easy to make money and after the first week I'm going to be making money ..Does anyone know if iml is safe or a scam?

  26. Nick Devlin says:

    You will never ever learn to win trades using demo accounts because it’s not your money. You need to use your own money to be able to feel the anxiety of a losing trade. Only then will you find out if you have the metal to do the right thing. Chase the loss or follow a previously made plan through to the end. Win or lose.

  27. Jason Moustakas says:

    What would you say are realistic expectations?

  28. thearong men hairstyle says:

    Ok

  29. Jela Florin says:

    Right about loosing. The "couse" for itvis wrong. You trade against a supercomuter targeting you, with only TIME for investment, or a broker messing with yoy. In case you beat them both, you will have to pay a lawyer and several years batteling to get tha money. That's why "teaching" is the REAL business

  30. Samatar Ahmed says:

    You're right

  31. James Balagtas says:

    Are the ichimoco strategy are Good? To use asa strategy?

  32. bailey jayson says:

    Please have you use EXPERT OPTIONS I would like to know if the platform is a scam please get back to me.

  33. bailey jayson says:

    Please have you use EXPERT OPTIONS I would like to know if the platform is a scam please get back to me. people are saying withdrawl is problem

  34. naftali aldi says:

    JUST REMEMBER [BINARY] ITS DIFFERENT WITH [FOREX] thats why people always lose money …

  35. David Potterman says:

    Best way to make money in Forex is to sell a course like this or become a broker/ account manager for everyone to blow their capital.

  36. RandomGamingHD says:

    Forex is a scam. Brokers will always make u lose your money simple as that. They will spike the price against your trades so good luck.

  37. Rita Book says:

    Thank you for this brief but insightful video. The cycle of doom is very real. When you're new to trading you get confused as to whether the system you've learned isn't working or if you're not doing it right, when you have losses. It's tempting to mess with it. When you mess with it you get lost as to where you started, like walking in the woods and not looking back now and then. It's hard to back track. Anyhow, it's important to learn your strategy from a reliable source and Stick to IT!

  38. Marie Kouakou says:

    so silly he's a 30 years experienced veteran trader why didn't he quite earlier if he didn't make any money out of it. BS

  39. AEW Mark says:

    Dumb title…

  40. Amiin Axmed says:

    I need you teacher your number WhatsApp

  41. Tyreeses Arm says:

    So are you saying the people on Instagram telling me to buy there training are wrong

  42. Siraj Kabeer says:

    Dnt generalise for everybody

  43. Rap/freestyle videos says:

    So why tf do you trade than? 😂

  44. Julius Masaganda says:

    Because your not a good trader whahahaha..

  45. Oumarou Dia says:

    …and why are you doing this? what's in it for you? that is the first question you should address!

  46. Neil Matthew says:

    I have made money but it works different for everyone

  47. Gabriel Savian Kenway says:

    Today there are some brokers who allow you to trade with only 20 USD and I see a lot of people trying to trade with only 20$. These lads think that Forex market is a ballot.

    Plus the guy looks like Phil Collins.

  48. Ifenedo Micheal says:

    Everything you say is all about me… It seems you know my story

  49. Aman Virk says:

    Good video
    But
    His only pushing himself and promoting his service. Fair do's

  50. Jamie Wilson says:

    Any good brokers for the uk 🇬🇧 only want to trade small amounts?

  51. Alexus Catriona says:

    What can you say about crypto Forex?

  52. Osfield Gaga says:

    I know this question might sound stupid, but is there a method or something to become more patient? I'm not looking for a secret or something, just a best practice or a routine to increase my level of patience

  53. James Allen says:

    So negative

  54. Da Re says:

    Good video – applies to trading ANY market, of course, not limited just to Forex. Thumb's up.

  55. Nick Wilson says:

    I was once in the cycle of doom for over 2 years!!!! Finally made it out and started working out how to be consistent, it wasn't easy but you need to stick with it! Trading can be worth it, if you dedicate the time to learn and test!

  56. Angelo Sforza says:

    Well, I Made 15k in 3 months, so i disagree

  57. Jason Johnson says:

    Only the weak don’t make money. It’s not hard to make money in Forex. There’s more than enough free information for you to learn everything you need to know. And once you do that you practice with demos and build your own strategies. LEARN before your EARN & you’ll take less L’s when you start EARNING.

    (LEARN) before you EARN, & youll have less (L)osses. The more you know the better you’ll be.

    But most people don’t want to put in the work required. But we all have the potential.

  58. maxwell mamphiswana says:

    Thanks a lot that was an eye opener

  59. Funny Cat says:

    Clickbait title

  60. adil arqib says:

    I can prove the opposite of your claim. I invest 1500 CAD with trading212 ===> After 2 months I lost all my money it was my fault. I learned about Forex (books, blogs, forums, videos…) for 4 months and I practised for 2 months.

    I invest 500 CAD ====> After 4 months I have in my account 11 550 CAD (+ I withdrew 1200 CAD).

  61. Patricia Young says:

    Lol, “you can go and tell your boss to jump in the lake” 🤣🤣

  62. Julius Galido says:

    What is the consequences if we put our money worth 100k to trade to forex then all of a sudden the the trade performance was down as in negative -50. The question is, there is a possible that my money will back to 100k after several years and have a high return?

  63. Negative Effect says:

    "im a 30 year veteran who posts scalping strategies based of off indicators while not showing it on a live chart" lmao, after so many years you should know that indicators shouldnt be priority and scalping is suicide especially for new guys.

  64. Jimmy L says:

    Why even bother with this? It's a gambit better play lotto with your loose change

  65. DK Mlondleni says:

    Great video and thanks for the advice man

  66. Neeraj says:

    Great , negative motivation. Great advice.

  67. fleszchillout says:

    do you guys think brexit is the big opportunity ?

  68. Bharath Manju says:

    Hi,

    I opened a trading account with some broker with no knowledge & I deposited $2500. I am trading in GBP/USD pair & now it is -$1900 (Minus). Please can you help me how to recover this.

  69. Mohammed Zulk says:

    The real reason is 1) reality jumps 2) Dark sorcery?

  70. TraviansLittleHelpe says:

    «You’ll never make money in forex…
    Unless you buy my signals…

    Trust me»

    Thats how you know this guy is a scammer

  71. David C says:

    Just pay me to teach you and that’s how I make money, even when you lose

  72. Flint Sibanda says:

    Jp markets is a big scam. thay lie that thay have a 24/7 support but boom that is not correct. Thay are now opening odors in there clients account, and also if you deposit money and make an internal transfer the money will not go to Mt4 or Mt5. its now a scam

  73. PuRe Dawn says:

    This was more like a "things you shouldn't do while trading forex"

  74. Guillem Pol Aracil says:

    Hi! I'm currently just starting to have interest in trading and I'm in a learning process. So my question is, in a practice account, I bought a stock at 92.50 and, straight away the graphics would show that I actually bought it at a higher price. A colleague told me it's because the spreads, but I just don't understand it! Help!!!

  75. Saahas Tiwari says:

    If you are not making money then why are you trading for 30 years.

  76. bossman FBI says:

    Hi I have a question I went through forex my question to you is how do you know if the market is bullish or bearish like what tell an what technical instruments do you use

  77. pamela reyes says:

    So i start at reading the comments so that i check if it is worthy to keep watching the vid

  78. Raheim says:

    Are there any classes or books I can read to get a better understanding of trading in the Forex Market?

  79. loyiso nkwelo says:

    Awesome video…those with ears will listen and apply.

  80. k odu says:

    Another ad carefully packaged. You can say the same thing about anything.

  81. Z Ryder says:

    Steady trading platform which supervised by FCA & ASIC, let me know if you're looking for a good platform

  82. Jeremie doyon says:

    What you are nothing

  83. Ronal Woods says:

    how come hes still doing it if “ you will never make money out of trading?” bah humbug

  84. omobaba market killer says:

    Am from South Africa and am making money i dont think you have made a million in 30 years and years doesn't count 📊📶another thing having those screens doesn't mean that you are going to make money

  85. Richard Amoako says:

    hi

  86. J G says:

    Hey I am getting to trading forex.Can anyone point me in the right direction because the knowledge on the internet is quite scattered. I need to learn from scratch. If you guys have any YouTube channels, websites or books to recommend that would be great. Thank you in advance!

  87. Kaushik Kashyap says:

    This is wrong.

  88. TheYakkis says:

    If you watch enough videos on forex trading, you'll learn tha the only true information you get is what makes losers, losers . Luckily It's still helpful .

  89. Ramon Reis says:

    I think you should explain more the truth. The title is over stating. Very important for new comes, study study study and never over leverage your account find a good balance. Dedicate and your will never lose in the end. Minimum account 10k will do a good job ! With about 1:100 maximum leveraged! And never trade when Trump and Chine is talking on twitter wait for the news outcome. Now we have Brexit too! Be careful with the news coming every hour days days, one move can kill your account. But the truth is you can make very good income for your family free at your time and enjoy your children in the weekends. But is not for everyone this work! Good luck 🍀

  90. Ezekiel Whatley says:

    If i had saw this two months ago I'd still have my 500 guess it cost to learn since this video is over a year old

  91. Snky Tee says:

    Spent 9 years in the cycle of doom until I realised keep it simple, losses are inevitable, risk management is key and price action is king.

  92. FooDaki says:

    You cant make money in forex “unless you buy my course of course”

  93. Hulk Hutton says:

    Gambling wrapped up in the guise of investing. The house always wins. Fact

  94. ZombieSlayer0 says:

    So just stick with one strategy. Got it.

  95. Daniel Msuya says:

    "Telling ur boss to go jump in the lake"
    😁😁😁😁😁😁

  96. Jim Jim says:

    The reason people don’t make money in the futures market, is because it’s all manipulated! The big boys take your money every time, it’s like playing in the casino.

  97. Hassan Shah says:

    Gr8 video sir. I have lost my $1000 account in just 3 days just because off wrong expectations.. I have never experienced that before and learned a lot more because of thiss

  98. Hassan Shah says:

    Forex is not a get rich quick scheme..

  99. Joe Stallone says:

    What video of yours should we watch if we are coming in fresh and want to learn about FOREX trading?

  100. _Black.Pearl_ says:

    I totally agree and there are even more things to go wrong, I, for example, deposited the money after a successful month straight into my bank, and the commissions were over my profit and ended up with less money. Lol, the first period it's for learning obviously if you are patient enough.

Leave a Reply

Your email address will not be published. Required fields are marked *