Absolute Basics and then understand how to get started today actually by the end of today's program I'm going to help you to get started and then we'll help you to get your new account opens today but then tomorrow I want you to learn two really simple strategies on how to get started and then just decide at the end of tomorrow you can decide if trading is for you and you want to get serious or you think ah you know what I tried it It's not for me it's okay I'll just move on you paid for
a movie it's not for you okay you don't watch that genre of movies again you went to a theater play you went to a restaurant everything is all about testing so today's program the first session I'm going to teach you the absolute Basics on how to get started so really really basic stuff um you you're going to go through this process today not tomorrow but today for sure where you will feel a little bit Overwhelmed um you will feel a little bit tired you will feel a little bit just you know like oh my God
this is too much I can promise you this that by tomorrow you'll feel better because everything I'm going to teach today I'm going to repeat tomorrow okay just a very short 30 minute break and then the second part is we're going to apply what you've learned today and to help you to get started pretty much immediately okay now are you ready for today's Program in the chat group yeah you can go ahead and say yes no okay so I'm seeing a lot of you yes okay so just take a deep breath cuz that's a lot
of groundwork to get you started now in the email in the email I did say to you that you'll get a link for a workbook and here it is it's Saturday here's the link for the workbook so you can write this down okay or I will be repeating this link throughout the day there's always going to be somebody Saying where's the link where's the link where's the link okay now you'll notice all so that the chat function you will not be able to see other people's messaging because I don't want you to focus on what
they're saying I just need the two of us just you and me here today uh I know like I said before I'm not on video but this is live I don't want to be on video I just want you to focus on the screen you don't need to look at me focus on the screen but during the day There's always going to be somebody who says where is the link for the workbook you will repeatedly all day toay get access to the link so even if you don't download it now it's okay you can download
it during the break yeah I'll give you a 30- minute break in in about an hour and a half or you can download it at the end so you can download it it's a PDF file and it's in color and it's for you it's not to be shared okay it's specifically For you now nature is pleased with Simplicity and nature is no dummy most of the content from this presentation is in your workbook so actually all you need to do is to sit back and relax seriously sit back relax just enjoy the program okay you
don't need to write everything down my suggestion I've been teaching this stuff for years and know what works my suggestion is that you simply watch listen to what I'm saying here and let It sync in if you don't understand something it's okay I'll be doing a Q&A session much later rather than answering each individual question as we go through this presentation so I did say somebody's going to ask where is the workbook link okay so now let's learn the language so here is a screen and I said to you that um during the NAC there
will be some words that we need to learn they're not Complicated they're pretty simple so long just the word long means up that's it that's all you need to think about the word short means down okay the word short simply means down bullish means up and barish means down long is up short is down bullish is up and bearish is down so you're thinking why do we have these two different words but actually mean the same thing why do we have these two words here but actually mean the same Thing so later you will understand
why but right now I just want to introduce you to the words the language then we have another word bu if we expect the market to go up then we will buy if we believe think or expect the market to go down then we will sell in trading we can make money when the markets go up we can also make money when the markets go down in investing that means that you are looking for a longer term gain then you would be Investing I am not an investor I do not invest okay I'm not investing
in the financial markets I am trading I am 58 years old I've been doing this since the age I 15 is when I first got introduced to it but 19 is when I started I've been doing this coming up to four decades I have not been investing my goal is to trade two sides of the market which is this side expecting the market to go up and also this side expecting the market to Go down so you will learn how we we can potentially make the money going up and how we can potentially make the
profits coming down if I'm expecting the market to go up I could either buy which means I will get in immediately or I could place an order which is a buy stop which means I'm expecting to get in later I could sell which would get me in right now or I could place an order which would be a sales stop instruction To get me in later now there is something very important and that's called the stop-loss order what that means is that you are giving an instruction to the market to say if this doesn't do
what I expected to do then please get me out by using the stoploss order you also have a limit order which is an instruction to get you out of the market at a specific price which I'm going to show you how I use this so I'm Going to teach you how I use this language now we'll also discuss leverage margin spread and quote okay so this is the language that we're going to learn about I'm 99% confident that when I finish teaching you you will know all of this okay I'm pretty confident with that so
I don't care how dumb you think you are or illiterate I know what is possible because the way that I teach is extremely simple really simple okay now Let's learn the language um we're going to learn about trading we're going to learn how to use the language with the trading now you all came to NAC so you came from um Singapore London stroke Europe and then we had South Africa Johannesburg Cape Town and of course Nairobi you all had the opportunity to listen to the keynote speakers which ranged from Robert to Robert which was Robert
Allen to Robert kosaki um just to make it Crystal Clear Just because myself or any other speakers were on these platforms doesn't mean that we agree wholeheartedly with everything that goes on on that stage or what people say um I'm pretty sure you saw my attitude to how I was when I'm presenting I'm very serious I don't laugh and joke around that's not what I do but you all came to the N can I just very quickly ask you not in the Q&A function but in the chat function why did you join this program You
had a choice of joining so many other different programs just very quickly in the next 30 seconds why this specific program so Tristian says straight to the point improve your skills I believe it's going quite fast new skill because of you simple straightforward practical okay additional income you made it look simple Simplicity your approach resonated you are genuine I hope so some people think I was fake They said that it's a scam that was interesting in um I think it was Johannesburg okay learn new skills want to make money additional income Simplicity to be independent
understand trading time Freedom income great I mean I will look at these later because I want to make sure that what I'm offering you here it actually it I'm really one of those people that I want to deliver what I say I'm going to deliver um you know you saw Me um I'm very blunt I didn't want to joke around this is a very serious subject it's money right it's not a joke so what I'm teaching you here is straight from what I've been doing and how I've been in the industry for coming on to
four decades and it's a noons approach so what I want to do is I want to really honestly have you walk away tomorrow today tomorrow and just look back and say wow you know what this isn't as difficult as it seems whatever Is in your head but I can learn this I can do this and I want to take this up seriously that's what I'm really hoping that you get out of today I know it works I know it works because otherwise I'm I'm lucky for 38 years okay so I really want want you to
take this very seriously um two different characters Robert kosaki Robert Allen um every teacher has their own way of teaching you know some Scream and Shout some speak in a a more gentle way I don't Know which one you resonated with whether it was Robert Allen or Robert kosaki they're both good in their own ways um you know everybody's different um it's not about who's right or who's wrong I I just think that at the end of the day just as you would choose your partner in life whether it's business or relationship you also have
to be very careful in who you choose as your teachers right I mean especially in today's world when there's just all this Stuff going on the reason I'm not on social media is because a that entire whole thing is being saturated with Traders and I don't want to be um Associated I know it sounds horrible but I don't want to be associated in that field it's just it you know how do you pick who's genuine and who's not so I kind of like to be behind The Radars um Tuesday I was I came back to
London so after uh Johannesburg um every country was interesting Singapore UK absolutely no problems you know we went there we offered the program people signed up everything was great Africa oh my God you guys it's pain in the ass your email addresses are wrong you're allowed to bring a guest one guest and then you get your guest to try and invite another guest and another guest and another guest or you keep changing your mind about this that and the other I have no Idea what kind of food you're eating out there but you're on a
different level I've never had this experience in years so every continent was different and um it it was just interesting but it doesn't matter where you are whether you're in Johannesburg whether you're in Kenya whether it's in Singapore I'm going to Singapore in a few days time I'm actually heading back to Singapore and I'm planning to do a meet up there but every continent every Country people you'll find can be same in some ways but they're also different in many other ways because of the social conditioning so when I was in um I'm pretty sure
it was Johannesburg um a guy came up to me and he said I really want to do your program um but my friend doesn't want to join me because he said you're a scam the whole thing is just a scam trading is a scam so I said to the young guy don't join he Says no but I want to I said no seriously please don't join if you are 100% confident is for you then join if you're not then please just don't do it and then there was a lady in a her husband the husband
came up to me and said I really want to join with you but my wife wants to join with the crypto side and I said go and join the crypto one I'm sure a lot of you remember or you were standing around that I actually was pushing most people Away I was not the person encouraging you to join I was discouraging you to say don't join I don't know if you if some of you remember that because I only want you to join here if you're 100% confident in that you know what I like what
you're saying I want to learn a little bit more and I'm ready for it the moment you have doubt it doesn't work just just listen to what I'm just saying to you the moment you have the slightest doubt it won't work okay even if you Meet somebody for the very first time and you think I like this person but something's not right you will have this um what's the word this um like little voice in the back of your head always pushing you say no there's something not right no and that could be your instinct
it sure can be but it can also be a false voice as well I actually Tred to put many people off this program uh to let you know that success resources and they can Back this up the programs that I offer are the most widely attended and the most popular programs that they have on their platform and there has to be um a reason for that um it works and other people are recommending other people to come on here so when we talk about what is trading I want you to come in with with an
open mind I want you to come in without any hesitation and just say you know what let me have a look at this because just consider if it was a scam If it was not real if it didn't work the industry wouldn't exist because every day on TV on your TV networks you have CNBC in Bloomberg you've got CNN and BBC News do they not talk about the financial markets every day they seem to be doing that do countries not have stock exchanges and commodity exchanges because they do do we not use the Commodities like
this morning I had a coffee milk sugar I went to the shop to Get that um a readymade coffee that's a commodity our clothes are cotton right so how can it be a scam how can it be now on the other side on the other side let me give you my perspective Robert kosaki what a character he's something he's something different right I don't necessarily agree with everything he says I don't even though we might be on the same stage I don't agree with everything he says he says there's a crash coming and He's been
saying that for a long time and people say yeah one day he'll get it right which is true there is another crash coming for sure there will be because the markets just behaved that way but it shouldn't let you get worried or bothered continuously worrying about there's going to be another pandemic there's going to be another there will be another pandemic that's that's a fact there will be another one because History has taught us that there's pandemics in trading what you need to understand is this that when the crashes occur you will benefit from it
because you can actually participate in that crash to make money while it's going down so trading in a nutshell is participating in a business business that exists every day all around the world that allows us to benefit make money from Global Financial markets which move up and down that's in A nutshell what it is okay now trading so again all of this is in your workbooks you don't need to write any of this down it's in your workbooks I've literally put everything in there so you can sit back relax and enjoy trading is literally something
that can be exciting um yes it it's also fast-paced for you know some markets it can be intense if you allow it to be but what does it actually mean it's all about buying and selling remember buying Means going up and selling means going down the point of buying and selling Financial products is to make a profit now it can be done anywhere in the world not like this picture here where you have a phone and you're on the beach and you're walking down the beach in your Bermuda shorts and a t-shirt and yeah you
know you can do this realistically you can probably not why because I find that the internet connections around these locations are not that great but Yes you can from a phone literally move around the world and trade now anyone can be a Trader including you yes and no if you're over the age of 18 yes you can be a Trader because most companies require you to be over the age of 18 but there are some parts of the world where it's difficult for you to get an account and I'll talk about that a little bit
later on essentially what we're doing is speculating we are not gambling we are Not investing we are speculating on how you think the price of a product will move up or down now the product could be oil it could be gold it could be a particular company okay so all we're doing then is we're speculating thinking and backing our decision on how we think that the price of a products will move up or down okay that's what we're doing in in in essence now yes some people think trading is gambling if you think it is
then it is but in my opinion it's Not so here's a simple rule if you think the price of a market is going up then you buy if you think the market will go up you will buy do you remember that right at the very beginning I said there is a word a language we need to use long bullish both of those mean up so what's the difference then if you and I were having a Conversation and I said to you I'm bullish on gold what does that mean it means that I think believe or
expect the price of gold to go up if I said to you I'm bullish then I'm expecting the price to go up however if you said to me Sandy what do you think of gold and I said to you that I'm long on gold it means I'm actually in the trade if I said to you that I'm bullish it actually means that I believe The price is going to go up but it doesn't mean that I'm actually in the trade but if I said to you that I'm long on gold I'm actually in the trade
okay so once again markets go up and down if we think the Market's going to go up we will use certain words I can say to you that I'm bullish on gold which means that I'm expecting the price of gold to go up I can tell you that I'm long on gold and what I'm expecting is the price to go up But I'm actually involved in the trade now to get involved in the trade I have to buy now if I think the Market's going to go down then I would sell if I believe the
price of the Market's going to go down then I would sell okay I would say to you Sandy what's your view on oil well I'm bearish what I'm saying to you is I'm expecting Oil prices to come down but if I said to you I'm short on oil that means that I'm actually involved in the trade expecting the price of oil to go down and in order for me to get involved in the trades to go down I need to sell so this rule is the same across all the different markets and strategies it doesn't
matter if you trade oil gold or any of those things it doesn't matter So if I think the Market's going up I can buy if I think the Market's going down I can sell if I have a view the Market's going up I'm bullish if I have a view the Market's going down I'm bearish if I say I'm long it means I'm in the trade expecting it to go up and if I say I'm short I'm I'm in the trade expecting it to go down is everybody clear on that do not use the Q&A function
just the chat box is everybody Clear on that the yeses are flying in excellent cleared perfect great okay great let's move on doesn't take long all right it's very simple this stuff so now which markets can we trade in there's a lot so you've probably heard of some of these now you've probably heard of Forex or currencies you've heard about stocks and shares indices Commodities Forex and currencies are the same thing it's money shares and stocks Are the same thing it's just that the US likes to call it stocks some countries like to call it
shares but it actually means the same thing so when you think of companies like Facebook Google Netflix all of these are companies and you can you can actually trade on these companies then then you''ve got Forex or currencies and these are different currencies like you have the Euro you have the US dollar the British pound the South African rand you've got the Singapore dollar then of course all these different countries have their own currencies and we can benefit from the currency going up or down we can benefit from these companies going up or down now
indices a little bit different so for example I trade indices over the last coming up to 40 years when I first started out I was trading on the UK footy 100 so my background is actually I'm an options Trader when I first started out I was Taught options but I don't teach options and I don't trade options they're a phenomenal vehicle but I just found that it's too complicated for beginners to get involved in options so what I tend to teach them is Futures okay now when I first started trading I was trading the footy
100 and also on oil I spent most of my career trading stock indices so I trade mostly on the Dow Jones 30 later I'll show you what it is and what it means but an index is Simply a basket of different stocks okay so the Dow Jones 30 it has 30 stocks in there the S&P 500 has 500 St stocks in there the NASDAQ 100 has 100 stocks in there so later you'll see why I um trade a specific market now Commodities which I believe are really important so things like oil Gold Silver Platinum zinc
copper all of these different things here sugar wheat soy beans they're all they're all under Commodities now today is about you Getting started right today is all about you getting started how many of you here are trading for the very first time like you're an absolute beginner in the chat box so most of you okay brilliant cuz I'm here for you I made that statement on a recent event and somebody said what I thought you're here for the professional Traders I'm not I'm here for the absolute beginners I made it crystal clear for those of
you That came in late I made it absolutely crystal clear and all the people on here will vouch for this that this program is for absolute beginners okay now VY says never traded before great I don't know what your thoughts are about the financial markets I don't know how much you know or what you believe but it's true and I'm I'm not into the words predictions I hate that word predictions but do you know that you Could forecast with an extremely high degree of certainty of where the markets can turn and when and I know
you're at this stage probably not going to believe that and that's okay but especially things like Commodities right Commodities and currencies and even some shares you will find that there are some very high probab probability trades at specific levels and at specific times okay so What I'm saying here is that at the moment you think that the markets are random you think that oh it's just gambling it's not it's it's not about that this is a very big business it's the world's largest business okay so we can look at data and okay so do you
remember when I said to you that this program comes in two parts okay so it comes in two parts the first part is here on this this is live it's Not recorded but it's here on uh zoom on the internet and the second part is I said I'm going to meet you live in person all right and I said you can join me anywhere in the world whenever I do a live event you can join so my plan is to do one in Singapore very soon then I will probably do one in Africa and then
eventually one in London okay there is definitely sound 100% cuz everybody else seems to be able to hear me so at the Live Events I will be Teaching you additional things okay so I'll be teaching you additional techniques ideas Concepts and um different thought processes of what you need to go through this isn't just about you coming on a two-day webinar and then disappearing I'm one of those people that I will stay in touch with you okay I'm not one of those people that um goes onto the platform and then you realize that actually that's
not the person teaching you it's somebody else because They have a team or that after 2 days you know the person disappears that's not what this program is about this program is designed in such a way that we will be in touch with each other I want to see you successful okay I it there's no reason why I would not want you to be successful or why I would hold your success back why would I possibly even do that it doesn't make any difference to me whether you're successful or not I Want you to be
successful so just understand that there is a high probability of markets turning at very specific numbers there is I'll give you an example just like kind of roughly thinking just roughly thinking during Valentine's and during Easter and during Christmas can you think of something that I love and I'm sure many of you love that sells very Well roses cocoa cakes chocolates chocolates turkey yep turkey at Easter cards jewelry all right so what I'm looking for is the word is chocolates which most of you are getting so around Valentine's Day around Easter eggs and you know
Christmas we give chocolates right does it not make sense that prior to Valentine's prior to Easter prior to Christmas does it not make sense that people will buy chocolates and therefore The price of the companies like Hershey's for example is a big company their share price will go up because history has shown that it does and that's what I mean by it not being random so there are specific companies that do very well at particular times of years and I'll be talking about some of this stuff at the live event so what it does it
puts you ahead of a market move even before it happens the best way for you To um to know when the markets will turn is forecasting right forecasting allows you to do that's what I've been doing for years that's my primary skill set and people think it's random it's not so all of these instruments we can trade in that way now let's have a look for example at foreign exchange euro dollar so here we have two currencies the Euro and the US dollar we have two currencies so let's go through this step by step The
price of a market can either go up or down and you're always speculating on how you think the price of a market will move so let's take a look at an example that blue circle there that blue dot is where we are at that point in time you've got three choices you can say I don't want to do anything that's Choice number one you could say that I believe that the Euro which is the first currency will rise against the dollar you believe the Euro will get stronger But the US dollar will get weaker the
first currency is what we're interested in if you think that that first currency the Euro will get stronger then we will buy because we're expecting it to go up and we're expecting the US dollar to go down however if you believe that the Euro will get weaker against the US dollar then you can sell okay but let's say for example you at this point decided to buy at that price and if the Euro did go up then you Make a profit but at this point if you bought the Euro against the US dollar and it
starts to fall then you're making a loss so this is the price on the left hand side sometimes that price can be on the right hand side sometimes on the left depending on your chart and the company but at the bottom will be time so over a period of time this particular in instrument is rising and falling okay so don't overthink this too much we're just going To keep this very simple now eurous doll sell if at this point you think that the euro is going to fall get weaker become bearish then at this point
what you need to do is to sell you are selling expecting the price price to go down don't worry about how I'm going to show you step by step how it works but at this point you either believe it's going to go up or down and if you think it's going to go down then We would sell if on the other hand the Euro starts to actually go up then we would be making a loss okay so at at all times we are either deciding to go long or short okay now at any point in
time when you trade you need to manage risk okay you need to manage risk and risk is always there in life you cannot Escape risk there's always a risk of something happening going wrong In other words okay now in trading risk means that we got it wrong how many of you have you don't need to answer this question but how many of you have got into a relationship and you got it wrong and yet the world seems to punish you for it right or how many of you applied for a job you've got the job
you went and work for the company and you realize I got it wrong or you bought something and it's wrong you didn't even need it we make Those mistakes in life so in trading because you're human you will make mistakes and don't believe all the hype about AI seriously stop just stop there okay so in trading and investing and in business when we get it wrong we need to get out so what's really important is this that we need to understand what is risk and it's Unique to your wants and needs some people like high
risk and some People don't so you have to consider your goals and standards ideally before placing the trade so the most important thing about risk is that you need to be aware of it and then know the tools that you can use to balance the risk and opportunity effectively SO trading platforms will provide you with some handy tools and here are two examples now guaranteed stop loss or a stop or limit order these are tools later I will show you a trading Platform which you could deploy apply for they will not accept clients from all
over the world later I'll talk about that but most of the people here today most 99% you should be fine some platforms very few less than 0 less than 0.1% of Platforms in the world will offer you something called a guaranteed stop-loss order and what this does is it allows you to set the exact price and guarantees the price at which You wish to exit a trade now 99% of the trading platforms will offer you this function called a stoploss you could also use the limit order to help you to get out of a trade
okay so again the whole purpose of today is to introduce you to the language introduce you to the concepts and introduce you to the world of trading some of it will go over your head that's okay some of you you won't Understand that's okay but by the end of today you should in my opinion understand 20 to 30% of what I'm teaching you today then by tomorrow that should jump to about 60 to 70% okay I'm going to say that again I don't expect you to understand everything that I'm saying today or even remember it
okay but I expect you today to at least walk away and say I understand 20% of what he's Talked about and what he he has shown but by tomorrow that should jump to about 60% okay so now today we'll talk about language and we talk about the concepts and then later you'll see how to apply all of it so now let's learn about one of the tools which is called orders so so there are orders to open a trade there are orders to open a trade so using an order to open a new Trade is
a very useful risk management tool your technical analysis which is a way of looking at the markets will identify levels where you might want to enter a new buy or sell trade now rather than having to continuously watch the market waiting for the price to reach your entry level you can leave resting orders above and below the market and let the market come to you and let me say this again let's just read that again using an order to open a new trade Is a very useful risk management tool your technical analysis of the markets
will identify levels where you might want to enter a new buy or sell trade rather than having to continue watch the market waiting for the price to reach your entry level you can leave resting orders above and below the market and let the market come to you isn't that a very powerful concept okay isn't that a very powerful concept Because what we're doing is not chasing the market we're letting the market come to us do you remember when I said to you don't chase money let it come to you okay so that's what we're doing
here we're letting the market come to us now there's a class that I teach it's called forecasting the entire method of forecasting is to Simply wait for a specific number and at an exact day the market will tell you today is the day For you to enter the trade that's what forecasting is about that's how I personally trade why not that to you today because you don't even know the basics it would make absolute no sense to you so again we would use this tool the orders to open a new trade to help us to
get into the market now guaranteed stop- loss this is very important this type of order is a great risk tool to use when you want to Absolutely guarantee the price you will exit your trade now in times of high volatility as we have right now using a guaranteed stop will give you a total Clarity on the loss you could incur if the market moves against you guaranteed stop losses are not as flexible as normal stop you won't be able to leave your order as close to the current market price and as with any insurance contract
you will have to pay the broker a premium or an extra spread charge if Your order is triggered don't worry this will all make sense later okay so don't worry about that too much I just want to introduce this to you right now everything will become clear later now the normal stop loss whenever you consider a new trade you should think of three things the price you want to enter the market the price to exit if the trade goes well and it's making profit but also the price to exit if things do not go to
plan so where you where are You getting in where are you getting out if you're wrong and where are you getting out if you're right you will remember that I show I shared this and I showed this to you at the um NAC events a stop loss is the level you want to exit the trade if the market moves against you unlike a guaranteed stop loss the price you set is not always going to be the price you will receive and this is known as slippage that's a new word slippage and you will Experience this
okay this is known as slippage and we will come to this later a normal stop- loss can be left very close to the current market price and so whilst there you'll always be literally looking at the potential of a risk of slippage now there is more flexibility than you will find on a normal stop-loss tool than you will with a guaranteed stop loss in essence it's like this if the trading company allows you to use a guaranteed stop-loss order Number one they will charge you extra so there will be a commission for it number two
the price you want to exit on a guaranteed stop orderer is further away than it will be on a normal stop loss okay so for example you might say I'm placing a trade right now and I want to exit this trade if it goes 20 points against me and with a normal stop- loss you could do that but if you try to apply the guaranteed stop- loss it will say sorry you cannot apply a guaranteed Stoploss minimum number of points for the guaranteed stop- loss is one or 2% away from the current price which might
be 100 plus points okay so that's what it means about one being flexible the other one not now limit orders what exactly are limit orders well limit orders are essentially an instruction to take profit so let's say you've decided on your entry level and you left a resting order above or below the market and you have also Established a stop-loss level where you want to exit if things go wrong well now it's time to set your exit level for when the trade reaches your Target price and you want to realize the profit you have made
so entering a limit or take profit order is a good discipline and as important as your entry and stop-loss orders right so let me just go to a clean slate over here so every day the markets will do this they will open and they Will close and it will make a high and it will make a low sometimes the market will do this it will open but it will close lower so here we can say the market closed positive here we can say the market closed negative okay so let's now look at this what we
just talked about in terms of the language so for example we could say that I think the Market's going to go up for whatever reason you think the Market's going to go up therefore we are expecting prices to go above this level here okay clearly the market has to go up then it has to go above there we don't want to see the market go below here because that could tell us the market could actually go down right so now what we can do is this then we could say that we want to Buy which
equals expecting the market to go up so we would actually be long in other words we're bullish we're expecting the market to go up so we need to buy that would mean that we would be long and our view is that we're bullish so we could say if the market goes above this level here then we could enter so our stop loss then would be below this level here that's where our Stop would be now we could also say if the market reaches a specific level for example here then I want to place my limit
order it's not a nice color is it it's green I could place my limit order there to say to get me out for a profit and I could say get me out here for a loss does everybody understand that what I've just done in the chat group we've now applied the language to a Picture yeah perfect excellent clear I do thank you yes great okay perfect so what we've done is we've learned the language we've now applied language to a picture okay and the more you do this and especially when you do it on your
own you're going to fully fully fully understand this okay so let me just do this again remember every day the market do four things it opens it closes it makes a High and it makes a low notice the close is above the open so it closed up sometimes the market will open here and it will close here so the close is below the open so it's closed negative so this was an up day and this was a down day now let's go in and examine the price bar here so we know that this is a
high clearly and we know that's the low so I want to get into this trade I'm bullish if I'm bullish I Expect the market to go up if I'm bearish I expect the market to go down but right now I'm bullish which means that I believe prices will go above this high and I believe that prices will not go go below that low that's what I believe if I believe the prices are going to go higher then I will buy but if the market actually goes the other way then I need to stop myself and
get out so I need to exit so this is called a stop Loss and your buy is your entry so remember there are three things we want to enter we want to exit if we're wrong and we want to also exit if we're right remember so if we want to exit we will exit at a higher price which would be along here so I could then place a limit order here to exit for a profit so those are my three things if you understand this more than 20% 30% just say yes in the Chat okay
good you're all here you're all beginners and you seem to be getting this I don't know why but you seem to be getting it I don't know must be the way we teach right oh by the way the humor that I give to you it's the bonus I not charging you for my terrible humor but it comes as part of the package now let's go back to the actual slides so we've talked about the stop loss and we've talked about the limit orders okay we talked about stop loss we talked About limit orders now Market
gaps and slippage so remember earlier on I talked about this new word called slippage what does it mean and what does Market gaps mean so it's very important to understand that markets don't always do what you think it's going to do okay it's very important to understand that markets do not always move in a uniform manner so during times of uncertainty and volatility it is quite common for gaps to appear between Prices for a trade to exist there must be a buyer and a seller who are willing to trade at the same price if there
are only buyers wishing to trade the market will have to move to the next price where sellers can be found and this is what is known as a market Gap if you have an order that happens to be sitting in the gap you'll be subject to something that is known as slippage and your order couldn't be executed at your chosen Level so it has been slipped to the next price where the market can attract both buyers and sellers so what does this mean so let's go back to our drawing board and you'll see me all
day long I'm going backwards and forwards to this drawing board let's say we have a price bar here okay let's say oh my by the way my drawings are terrible you can see I can't draw a straight line let's say the high is 215 okay and let's say the low is 20 0 0 so the difference between here and here is 15 points okay now you think that the Market's going to go up so clearly you want to see the market go above that level the next number above 20115 is 216 and the next number
below 2,000 okay is 1 1999 so what you're saying is this I would like to place an order to get in At this number here 20116 but actually what happens is the next number jumps from 2014 20115 5 216 to 218 and this thing here is called a gap and that the difference between this number and that number is called slippage is that easy to understand not difficult right okay got it one or two of you don't get it that's okay I don't expect 100% of people to get it it but you will Get it
I know you will okay so as long as as long as 80 90% of you get it I'm happy with that I don't expect 100% people to get it so what this means is that if you placed an order at 20116 to enter here and suddenly it gapped at 2018 they will fill you at 21 8 that's where your order gets filled okay so you will get filled at 2018 although you Wanted wanted 216 the difference between 20116 and 2018 is 2 points it jumped and that jump the market makers call it a gap the
technical word is a gap between here and here is a gap because there's a gap between the prices and because it gapped from 20116 2018 we say the market had slippage do not Overthink just relax this is your first time that you're doing this everything will come as you prog progress okay so don't panic as long as you get 20% of what I'm saying today I am more than happy with you okay I'm not a strict teacher that is going to tell you that you need to pass your exams I failed all my exams so
trust me I know where you're coming from so now let's talk about leverage then so leverage what is it actually you know what let's go back Let's pause for a moment okay let's just pause take a deep breath just take a deep breath and pause okay we are here today to trade and over these next two days I'm going to be repeating constantly because you're going to get everything we are here to learn about trading trading simply means that we are dealing with a business that has stocks Commodities currencies cryptocurrencies government bonds treasury notes all
of That and as a Trader we can make money if the market goes up and if the market goes down as an investor you can only make money if the markets go up as a Trader if we believe the markets are going to go up we will buy as a Trader if we believe the markets are going to go down we will sell if I believe the market is strong and it's going to rise I'm Bullish if I believe the market is weak and I'm expecting prices to go lower I am bearish if I am
bullish and I expect the market to go up I will enter a trade which means I am now long if I believe the Market's going to go down and I'm expecting lower prices I'm bearish and therefore I can enter a trade and go short on a scale of 1 to 10 how much do you understand of what I just Said 10 8 10 10 7 10 8 9 10 8.5 9 10 you're above five only one person five okay that's fine good now if I want to enter a trade to go up would I use
a buy stop or a sell stop if I'm expecting the market to go up would I use a buy stop or a sell stop everybody seems to be getting it right one person said sales stop two people said sales stop if if I'm expecting the market to go down to fall to go lower would I sell the market or Would I buy the market so therefore we would sell with a stop great so you understand buy you understand sell you understand bullish you understand bearish you understand long and you understand short right and you're all
somewhere between seven and T or 10.5 somebody said so now the next thing we need to learn about then is leverage now okay is the pace that I'm going at Okay with you yep cool okay Leverage is an important factor when trading the financial markets Leverage is very important it's a very useful tool that means you only have to deposit a small percentage of the total value of the trade but it's also important to understand what effect leverage can have on your trading yes you might only need to deposit a relatively small amount to place
a trade but markets can move Quickly and losses can be Amplified by The Leverage that you use now leverage of up to 200 to 1 or we would say 0.5% is more than enough for any Trader and the slides later in this presentation will demonstrate what effect leverage has on your trading and the capital you would need in your account okay so leverage simply means this it means that you're going to place a small amount of money leverage means that we're going to use a small amount Of money that allows us to amplify the amount
so if we're using a small amount for example £10 that £10 can actually be worth a 100 okay so leverage allows us to do that so in the financial markets we will use leverage we will not put all of our money down so here's an example placing a trade on the Wall Street 30 Market also known as a Dow Jones 30 is one of the most popular for retail Traders all around the world now you remember earlier on I showed you that I was trading Wall Street street so the Wall Street 30 Market Clos on
Friday let's say at a price of 23,800 if you wanted to place a trade on this Market without leverage you might be asked to deposit the full value of the trade so for example let's say you decide to trade 5 p a point that means That5 multiply that by the price of the market would mean that you would need £1 19,000 but if there's a broker who offers you a leverage of2 200 to1 or 0.5% that would require a fraction of this amount to be deposited and here's the mats so still the5 per trade per
Point multiply that by the price of the market and now multiply that by The Leverage that you're getting so in this example 0.5% you only need 5 95 later I'll show you where to get these numbers from so would you rather put 595 down or 119,000 the investor has to put 119,000 we don't okay as a Trader we put small amounts of money down so what I'm looking to do then is to put the smallest amount of money down rather than putting the full value down and that's why I think trading is really good for
people who have low capital or even people who have A lot of capital but don't want to use the full amount okay now this is very very very important please listen carefully we are all here from different countries some of us a few of us are here from the UK there's a few people from Australia very few but there's a lot of people from from Africa there's a lot of people from Asia so you're all going to get a different ratio of Leverage okay now if you decide whichever company that you Want to choose as
your Trading Company they will allow you depending on which country you're from a specific leverage amount for us who live in the UK we've got it bad for us we only get 30 to1 for those of you that are from Australia sorry you get 30 to1 but if you're from a country like Singapore Malaysia Vietnam and many other countries including Africa they will allow you to trade on Their platform with a leverage of 200 to one okay now some of these trading companies they have offshore entities which allows them to pass on to you the
benefits of higher leverage now some countries like the US Canada it's getting increasingly difficult to get decent leverage so like us you also will suffer so is there any way around it technically no technically no but there are some companies which will Allow you even though you're a UK citizen or an Australian citizen or any of these other countries like us whatever they will allow you to trade um on their platforms with high leverage now I don't have a list of all those companies there are thousands of them just think of it like a bank
there are many many many different banks out there your job is to find out which company offer you that leverage because there's always new companies coming up and There's always other companies which just decide not to trade anymore so later I'm going to show you in just a couple of hours that how to apply for an account and to see what leverage they give you I think in the beginning let's all try and trade off one platform so we can all see at the same time what everyone's doing but later you can then decide to
go and find another company okay we'll deal with that later but this is just to make you aware of what we get Now we've seen an example of how leverage Works how much money you need to have in your trading account to place a trade where you choose to open your account and the maximum leverage you can receive will affect the size of your deposit and also the try the trade sizes you can place if you open your account under FCA regulation you would need to deposit deposit 6.66 times the amount of money to place
the same trade than if you opened your account under Bahamas or Any other region now that's yeah not a nice number for whatever reason I know some of us have some superstitious associations with numbers when you all joined today on the webinar for some reason it stopped at 666 I actually took a picture of it like why is it hanging at 666 but there's there's no meaning behind this okay just um I always get the odd person that thinks about that now next thing Then where is your money held each company um will offer you
a service and they will have their licenses and their entity in a location so I'm going to recommend to you a company called trade Nation now okay um where are we let me just pause for a moment I just want to make sure that you're all with me here you're still awake right okay I'm going to give you a break Soon don't worry okay I'm going to make this very crystal clear today someone says wide awake now today I'm going to recommend to you a company I do not get paid a single penny for recommending
this company to you I don't get paid but I'm going to recommend a company so that we are all at the same level all looking at the same thing imagine I said to you um let's all go and buy um Hershey's Chocolate but we can buy it from Amazon we can buy it from timb 2 we can buy it from ABC and we can buy it from XY Z yes they all offer you Hershey's chocolate but doesn't it make sense if I said to you let's just all buy Hershey's chocolate from Amazon here's what it
looks like when you go to place your order here's what the screen looks like and when you want to add extra units of chocolates to your order here's what you need we all look at the same thing so What we're going to do is we're going to look at one platform and then that one platform we can all tradeoff there and that will be trade Nation so I don't want you during the break to go and look at it I want you to follow step-by-step instructions of how we're doing this now when choosing where to
open your account consider where your money will be held so which bank are your funds being sent to this is so important so these are the banks that trade Nation work with in Each of their licens entities in the UK Bahamas and South Africa they use Barclay and in Australia they will use Westpac now recently when I was in um South Africa I can't remember where where where whether it was Johannesburg or Cape Town the number of people that came up to me and said that they have been following other Traders they've been following signals
they've been following these social media people and when it came to um Trading they couldn't get their money out and all of this and they felt that the whole thing was a scam I do not operate from that side I don't want you to follow me I don't want you to listen to me I will sometimes give you ideas for trades but do not follow me unless you're comfortable but you need to do your own due diligence so my suggestion to you is to find a company which is a legal company which really has offices
with real people rather than some fancy Looking good website which you know like I'll give you an example oh this just giv me a headache a number of you emailed support at signal proo events saying I've made a payment two success resources and here's a screenshot of my bank account and we would reply back saying I'm sorry we don't accept payments we don't deal with your refunds cancellations transfers any of that we are simply here to deliver the program now yeah you can send a Screenshot and right now you could send a payment to success
resources the bank and then send us the screenshot and then we believe you and trust you and we will give you a zoom link and then 10 minutes later after you've got your Zoom link you contact your bank and say hey I just made a payment 10 minutes ago I want my money back hey trust me that all happens so we don't deal with that so there's a lot of nonsense that goes on out there a lot of It okay so now what you have to do is do your own due diligence okay I would
suggest that you pick a bank that you or sorry pick a bank pick a company that you know looks legit enough to you know put your trades on and I would never say to you go and deposit £50,000 in this trading account just because I said this company's legit and all of that you go and put whatever you want to put if I was you I'd put a reasonable amount okay now what I'm going to do is recommend Trade Nation for you so later on you can have a look at it right now just leave
it alone next thing then let's learn about margin okay so we need to learn about margin this is very very very very very important okay now you're going to come up to a break in about 25 minutes time approximately 25 minutes time so those of you that need to go for a pee or you need to go and take a break just hold time right so what is margin margin is The difference between the funds held in your account and the money loans to you by a brokerage company when you trade you'll be trading on
margin or what is referred to as margin trading it means that you only need a small percentage of the total value of the trade in your account the rest of the amount is borrowed as you only need a small amount in your account margin Trading gives Traders access to more markets that would normally be Out Of Reach for Retail Traders now to keep a trade open you must have a minimum amount of available funds in your account and this is known as margin requirement and it's a different amount for each market now how many of
you again please do not use the Q&A function I don't know why you're not listening there are people here who are not listening who are designed to fail in life because they don't listen congratulations just use the chat function how many of you remember that I Suggested that you start with a capital of 500 to 2,000 how many of you remember that good because I know I said that so my suggestion to you is start putting 500 to 2,000 as your minimum amount you can put more that's fine it's not a problem I mean you
can put 20 30 ,000 but I've got people when I us a teachers in Dubai that goes in and puts a million dollars in or half a million not necessary take it easy right just go slow there's no rush here I want you to Learn the process learn the language get your first trade on in the next 48 hours you will be putting your first trade on probably even tomorrow you'll be putting your trade on okay then as you grow you can then start putting more money in later I would suggest that you start putting
in your amount and then when you make profits take them out get into a habit of taking profits out okay so do not panic take it easy now each market has a different Margin requirement so then this is another important thing that you need to remember okay how to prevent being closed out of a trade for being under capitalized nobody likes losing money on a trade after all it means we've got things wrong but losing trades are a fact of life here are some top tips don't take unnecessary risks plan your trades in advance and
put stop- losses In play so that you stay within your means that stop-loss is your best friend then monitor your account status and be aware of how the markets are moving you must ensure that you always have enough money in your account to support your open trades if you can't place a trade that stays within your trading rules walk away and wait for a better opportunity okay so just really simple things to understand now initial margin there will be two types of Margins the first one is initial margin the initial margin requirement is the minimum
amount of money you must hold on to your account to open a trade it is generally a percentage of the value of the trade this means multiplying your trade size which is usually in dollars pounds or Euros per Point by the price of the market you are trading and then by the margin rate that applies to this market and these rates can be found on the Broker trading platform when you open up an account it will ask you for your name surname it will ask you for your email address a phone number and your address
it will also ask you for two or three pieces of documents normally passport or a driving license a photo ID like that and then it will ask you for some sort of utility statement like a bank account statement or um a gas bill or something that matches your passport or driving license ID The Next Step it's going to ask you is when you open this account which currency do you want your account to be in and normally they will offer you British pound US dollar euro um Australian dollar these are the typical currencies that they
will allow you to open up your account now do not not get over complicated and say well I want to open up an account but I want to have multiple currencies you're nowhere near that level you just need to open up An account put your say for example $1,000 in there and then have it in one currency whatever you want US dollar Australian dollar British pound or Euro so I would say for those of you that are in Europe of course use your British pound or Euro for those of you that are in Africa those
of you that are in Asia stick to the US dollar okay it's just easy that way so the initial margin is the minimum amount of margin so let's Look at an example the quote so the quote is simply two numbers so here you see two numbers and that's what a quote is the quote is two numbers the quote to trade Wall Street is 20 23800 to 23801 you decide to buy $5 per point which you can do at 23801 now look at this number 23800 okay I'm going to just quickly um go on to a
Different um slide here for the moment here are two numbers 23 800 to 23801 and this is called a quote a quote are two numbers one and two okay now remember this please pay attention the difference between these two numbers here that is called a spread the difference between the two numbers is called the Spread now in the quote if you want to buy and you're expecting the markets to go up you will always take the right hand side if on the quote you think the Market's going to go down then you take the left
hand side a quote is two numbers one and two on the left hand side is the first number on the right hand side is the second number the difference between the two numbers is called the spread there Are two new words here quote and spread quote is two numbers the spread is the difference between the two numbers always on the right hand side you will choose that if you think the Market's going to go up and always on the left hand side you will choose that if you think the numbers going to go down okay
that's it that's all you need to know so a quote is two numbers the difference between the two Numbers is called the spread the number on the right is where we would enter to go long to buy and the number on the left hand side is a number that we would choose choose to go short does everybody understand that at least 50% okay great okay now I've just looked at the chat box and I keep seeing people asking questions in There and I keep saying focus on the presentation just sit back listen and watch I'm
sure you've got a ton of questions and that's fine but don't ask questions in the chat box because I won't see it and it will get lost later when I do Q&A you can ask questions because my focus will be on your questions okay now I've been repeating a number of times and people are still saying please repeat so I'm going to Repeat this again I'll be repeating this for two days even if you don't get it it's fine okay just listen pay attention a quote quote q u o t e quote are two numbers
2380 0 is your first number 23801 is the second Number look at it quote two numbers the number on the left the number on the right the difference between these two numbers this thing here this you you can call it what you want call it a gap call it a space call it whatever you want in the industry it's called a spread okay it's called a spread the number on the right hand side over here this is your right I can't teach you the difference between left And right it came at school the number on
the right hand side here we will choose that number if we think the Market's going to go up if we think for whatever reason the Market's going to go down then we would choose this on the left hand side the quote are two numbers the difference between those two numbers is called the spread on the right hand side we would buy on the left hand side we would sell as long as you understand that at Least 20% I'm okay whether you understand the word quote whether you understand the word spread whether you understand the color
blue I don't know whatever it is right so what I need you to do is to just understand that okay just understand that that's all you not have have to overthink this now let's move on here So This Is Us 500 it's the S&P 500 let's say the quote which are two numbers is this numbers here and you decide to buy at $50 per point and you could do that at 29 1514 why because you decide to buy this means that if the US 500 goes up to 29614 then you'll be making $50 profit why
because it went up one full point 2915 and 2916 is one point and you trade it at $50 per Point now the initial margin requirement for the US 500 is 0.5 5% okay and later you will learn to see where that is like where can you find that information okay so on here the initial margin requirement for this trade is $50 multiply that by whatever the price is okay I'm just using this as an example and then multiply that by 0 .5% okay that gives you this Number that is the amount of money that you
will need to have in your account if you decide to do $10 then of course your maths will be $10 multiply by that number and then multiply that by the margin requirements Okay so then you would keep doing this for all of the markets that you want to trade that's how you work out the margin now I'm not going to go through every example you will have these all in your Workbooks all of these are in your workbook and you can look at these later they're just examples of maths I've given you different Commodities and
different currencies but the principle is still the same now variation margin this is something that you also need to be aware about variation margin is the second type of margin this means that you have to have additional money in your account in case things Don't work out okay so for example so let's say for example um you decide to trade a okay let's let me give you another example example I'll give you another example um let's say you decide to buy a house okay let's say that you decide to buy a house for $100,000 now
you go to your bank and you take out a mortgage and you say I want to buy this house and every Month I have to pay my mortgage to you the bank and the bank says say to you yes every month you need to pay us $500 for your mortgage now you go to work and every month your salary goes into your account and automatically the bank will deduct $500 let's say every month you get $1,000 in your bank account automatically $5 $0000 is taken out which leaves you with $500 but you also have a
spending habit every month you Spend $500 so at the end of the month you are left with how much in your bank account think about what I just said how much you left within your bank account zero great now let's say that one month you overspent and you spent £800 and the banks still wants to deduct 500 for your mortgage is there enough money in your bank Account no that's what variation margin is going to help you with variation margin is just having some additional money in your bank account to make sure that when you
trade and the market goes against you that you still have enough money in your account without prematurely getting stopped out that's all so for example I might have um $22,000 I decide today I'm going to open up that um they decide to open up an Account and deposit $2,000 and then when they deposit the $2,000 it doesn't mean they're going to use the whole $2,000 they might decide to open up a trade and when they open up that trade that 800 of that 2,000 goes into their initial margin which leaves them with 1,200 but the
trade is going against them it's not working and they haven't Put a stop- loss in so now your account size is being reduced 1 1200 1100 1,900 800 is dramatically going down very soon you will not have enough money in your account to keep that trade open but for whatever reason you want to keep that trade open you will need to have extra funds in your account and that's where variation margin comes in okay does everybody understand that so Initial margin is the money you need to put the trade on and variation is just to
keep sure that there are extra funds in your account okay just extra funds in your account okay that's it so now here's an example commodity crude oil so you bought $2 per point of crude oil at 3153 the initial margin requirement for this trade was $2 multiply that by the price of the market which is this and then multiply that by the margin requirement which the platform told you was 1% so you need to have $636 in your account okay now remember 3153 is where you bought $2 per point so now let's say crude all
drops to 3103 so it's gone down remember you bought you were long that's a 50 point drop not in your favor so you'd actually have a running loss in other words you haven't realized the Loss by closing a trade of $100 so not only must you have $63 6 cents in your account the Market's going against you you've got to make sure that you have that money in your account so if you only had $636 in your account then you would be asked to top up your account by $100 and that's your variation margin now
in the old days the companies would call you email you message you to say hey you need to top up your account by $100 in today's World they don't do that if you don't have enough money you know what they do they just stop you out that's it so it means you've actually taken the loss okay so that's why I'm saying to you that what you need to do then is make sure that you have enough funds in your account okay so now what you need to do is to make sure that you always have
enough money in your account as variation margin okay So here are um here are some examples this one here is an example and then this one here oops sorry this one here where's the other one gone this one here and this one here is an example now not now later tonight I want you to focus on these examples so later um once you've done the program tonight go back to every example and then work out using a Calculator every single example to make sure that you fully understand okay it's really really important that today that
you don't go out now for some of you uh you'll be in Asia so you'll be finishing at 11: now I did say and I made it very clear that although your program is 4 hours I did say please allow at least an additional hour because I will sometimes go over because I might want to give you more examples I'm only asking for you to take Two days out of your life to learn a lifechanging skill if you need to go to bed at 11:00 or 11:30 12:00 please go to bed if today you missed
the program for whatever reason I'm sorry you missed out I'm not going to repeat this again tomorrow the day after and the day after day after I'm only going to repeat it over two days okay so you must please put time aside you really must put time aside so um what I need you to do then is Really kind of think about what it is that we're trying to do here okay really trying to think of what it is that we're trying to do we're trying to understand a new language uh we're trying to understand
A New Concept we're trying to understand um a different way of uh how to say seeing things right just a different way of seeing things and if we can see things for the first time and understand It then great if you can't then you're going to have to you're going to have to um revise relearn you know reapply it's it's okay nobody's expecting you to understand everything 100% this is your first time okay I keep rep okay um today is Saturday it's the 8th of June it's 2:07 p.m. in London are we all here on
the same webinar are we all here on the same Webinar yes Matthew says yes G says yes they're all flying in how many you heard me say please do not use the Q and a function box please use the chat do you know how many people are not listening and still using the Q&A function I don't know why yeah a thousand times I don't know oh my God yeah trust me you've no idea what I'm going through success resources NAC Singapore NAC London NAC Johannesburg NAC Cape Town NAC Nairobi opening slides was About China about
creating your own own economy a blue color slide with white color fonts why do people fail in business life relationships and investing because they don't understand the game and they cannot follow simple instructions please do not ask questions during the presentation because there will be an opportunity for Q&A and if you're Responding please just use the chat function welcome to this program this program takes place on the 8th and the 9th of June between these hours in Africa time UK time Asia time you will receive a link for the book on the day of the
webinar you will also be told how to join the chat group on the day of the webinar people still don't listen and I'm telling you this now this is not a joke you want to learn how to Trade and do you know that you are trading against some of the best Minds on this planet and some of the fastest computers and you are here at this level playing a low-level game you wonder why Robert kosaki shouts and screams on the stage I mean some of you I don't agree with some of it is okay but
we all want you to succeed sit back listen watch try to understand at least just 20% not 100 just 20% that's all it's not difficult okay so later today when this program finishes I don't care how late it is in your country I want you to practice revise go through everything that I taught you today because then tomorrow you'll come in fresh and you'll stand a better chance I don't know how serious you are I I I don't know obviously I don't know Right I don't know how serious you are but imagine just for a
moment imagine in your hand you have a phone Samsung Apple I don't care what phone it is but you have a phone and that phone will allow you to log in to the biggest business on this planet the financial markets and you will be able to trade Place orders in the markets without having to go to an office without needing staff without having to Constantly post on YouTube Facebook Instagram without having to buy products from another country and then ship them without having to do any of this stuff and then being able to make money
from the financial markets think about that because that's what we're able to do here and I still find that people are just not taking it seriously enough it's it's and you know it becomes a joke one day um I was in Uh AIO Securities I think yeah I remember I was at AIO Securities sorry I was at ifx markets and there was a guy he was the FX one of the head FX Traders he wasn't the senior head FX Trader and I used to provide training for that company for all of their clients for free
and one day this guy came up to me I won't mention his name he came up to me and he saidou know you're wasting your Time teaching people why they're not cut out for this business they're not serious enough to them it's just a joke yeah they open up an account they put money in and they try it and they just don't take it seriously and I said now you know you're joking there are people out there you know he's so right he's so right I've actually taught some of this stuff for free no kidding
I've actually taught this for free to some people and in every single case 99.9% of the cases the ones that I've taught it for free not even appreciated it they say thank you very much really appreciate it but the truth is they've done nothing with it I don't want to be sitting here today on a Saturday before heading out to Singapore next week which is ridiculously hot I actually want to enjoy the cool nice weather here in London but I'm here I don't want to waste my time and I don't Want to waste your time
I need you to learn this I need you to at some point when we meet to turn around to Sandy shake my hand thank you very much you seriously made a difference you've no idea how that makes me feel and I want you there you are now participating in one of the biggest businesses the biggest business on this planet you best take this Seriously so learn this listen watch understand some of it you're not expected to understand 100% you are expected to understand 20% if you can do 20% I'm extremely happy because by tomorrow I'm
taking that 20 to 60% or higher I know because if you just do what what I tell you to do you'll be fine I can't guarantee you the results but I know you'll be fine okay so all of these I've put all of this in your workbook for a reason it's there for you As a reference point okay so don't panic when you see numbers don't panic now one more final thing circuit breakers okay before you go for a break in times of exceptionally High volatility which there will be times like September the 11th there
will be times like 2008 the global financial markets not only does it make it difficult to trade but these large and volatile moves can trigger what is called a circuit breaker And this is when a market Falls or Rises by a set percentage trigging a halt to trading circuit breakers give Market participants time to reassess the situation it helps dampen the volatility and bring some calm after sharp moves they are usually temporary although trading can be halted for a whole session if the markets move significantly or if a circuit breaker is hit towards the end
of a session one that really stands out in my Mind was September the 11th the market shut down for several days couldn't trade that was a unique situation in the world was that the only time no there's been other time times people are still using the Q&A function I don't know why there will be times in your lifetime that when you trade you're going to face a circuit breaker when don't know but it's going to happen and when that happens you will Not be able to trade and that's why I think it's really important for
you to um be prepared for okay and that's why the stop loss is so important as well as your risk management the position size and the market that you choose to trade okay so it allows the market to basically cool calm down now these are words that you'll come across a limit down circuit breaker a limit down is the maximum downward move for a Market within a given trading session Okay a limit up is the maximum upward move for a Market within a given trade session so this is just examples the New York Stock Exchange
which is the one that we will be trading on if the market Falls or Rise by 7% from its previous day's closing price then they can stop the market trading for 15 minutes or if the market Falls or Rises by 133% then again they can stop the market for 15 minutes just to allow the market to take a breather if the Market's Fallen and Rise by 20% from its previous day then it can be stopped for the rest of the day now I'm saying can doesn't mean it will they can do that okay just to
prevent Panic buying and selling now how does it affect your trading if a market is halted by a circuit breaker you will not be able to place any trades in that market until it begins trading again if you have a pending order in that market which is triggered when the market reopens it will be filled at the Next available price and that's where we talked about lippage you will be unable to amend existing orders on the market whilst the market is Haled under these conditions now these are rare conditions they're not they don't happen every
day they don't happen often but I just want you to be aware of it that it can happen okay now let's just very quickly long means what not in the Q&A in the chat chat is CH ha a t Okay so we buy if I'm bullish if I'm bullish I'm expecting the market to go down correct okay some people are saying yes if I'm bullish I'm expecting the market to go down wrong if I'm bullish I'm expecting the market to go up if I'm bearish I'm expecting the the market to go down correct yes now
if I want to enter a trade to go up do I buy or sell everybody says buy everybody's Clear on that one if I'm expecting the market to go down do I buy or sell sell great now there are how many types of margin Two Perfect initial margin variation margin what is the difference between the two numbers in a quote what is the difference what is it called spread excellent if I want to enter a trade to Go long do I enter on the left hand side or the right hand side one person said left
everybody else is saying right if I'm expecting to go short do I enter on the left or the right okay good so you all understand long you all understand short you understand buy you understand sell you understand bullish you understand bearish you understand what is a quote you understand what is a spread you Understand what is a slippage okay there's only one more thing that you need to do just one more thing and this is the best part take a break okay so now I Love chocolates I love love the Swiss chocolates I love Ferro
I love all chocolates okay what I'm going to do it is now 2:20 p.m. now you need to switch off I don't want to do anything but just switch off okay now there will be a video playing for half an hour um please try and be back 5 Minutes before so in London it is 2:20 or 221 now so we will resume the session in exactly 30 minutes okay this is the link for your work book again I I did say to I'll give you the link the link is here the tech team will put
it in the chat group and for those that are also still using Q&A Tech Team please put it in the chat and the Q&A because some are not listening all right I'll see you guys in 30 minutes or 25 minutes okay enjoy take a break
