 Guys today. I want to talk about something that I have never seen any youtuber that trades forex talk about Which is Forex losses. Yes. I want to talk about as a matter of fact today. I'm wearing a red shirt Because we're gonna talk about Forex losses. Let us have The very difficult conversation that nobody likes to have you see Before I started doing these YouTube videos Before I came online and became the dapper will is that everybody likes to watch and likes to subscribe to my channel And before the Forex mastery course ever came about that which by the way is one of the best forex courses out there I was behind the camera meaning that I was also Watching YouTube videos as well. Like I was watching YouTube videos I was what following a lot of these Forex leaders in quote in the industry and I have to Let me just backtrack a little bit Obviously, there's gonna be story time in this. I know you guys like to hear, you know stories as to how things happen to me And how I overcame them But I want you guys to take a lessons out of everything. I'm saying so way back in 2011 2012 I was following this group of traders and some Malaysian boys. They could trade well I thought they could trade really well and Long story short as time went on I realized that These guys never spoke about their losses. I also watch YouTube videos I I watched a significant amount of YouTube videos while I was learning how to trade and I noticed that nobody ever spoke about their losses now if I'm going to make this channel The forex trading channel that saves the forex industry that helps you guys ultimately We need to have this conversation. This conversation is I think one of the most important conversations About forex trading forget about anything loss because I have seen a trader Literally right about to flip his account. I have seen a trader Take a small account size 5k to 50k and just because of a series of losses Everything was gone Not only was everything gone. This guy went from Taking a small account to a big account and then blowing that account just because of a series of losses and then running into debt because One thing about losses is you just you want your money back, okay? So let me not digress too much. Let us let us or show ourselves into this video, right? First of all, I hope you guys are doing well. Hope you guys are doing great. It's good to be back on YouTube as always The reason why I wanted to speak about losses today is because One of the trade calls that I made on my last trader talk video ad usd has gone and turned around to Right now we're in Probably just before just probably just before stop loss, right? So maybe any moment from now between as at the time I'm recording the video. We haven't been stopped out yet but maybe in a few days the market is going to stop us out and I'll be the first person to come on here and tell you that the the value of That stop loss is enough of maybe So there's on two different accounts one is 30k another one is about 42k. So enough of maybe 72,000 US dollars I'll come on here and tell you for a fact that yes, we made a live trade call and For some strange reason the market did not cooperate now Because this has happened it has brought this conversation forward And I feel you know, I feel the need for us to speak about this. It's very important. Okay now, I know a lot of you guys have Losses as a matter of fact the Forex market is an industry whereby a lot of traders don't actually come out of it successful Now like I was saying earlier during my early days of learning how to trade I Remember I'll get into trades and Now also hitting a loss does not invalidate The top-down analysis strategy because it's what I first thousand concern is the most realistic way to trade for an exchange market It doesn't invalidate all the things you've learned on this channel It just simply means that the market just did not cooperate and as I get one You know in this video, I will explain to you reasons why that happened But let's let's go back. Okay. Why was I was learning how to trade? I Will notice that I'll watch some videos I'll watch some guys and then to be like do this do that do that blah blah blah and then I'll do it and Then maybe I would get into a losing trade Have series of losses, but when I came back on the internet these guys posting screenshots of of Winning trade like blues Like dude, like how I thought I was going mad. I Thought I was going mad. You literally said you're going to sell the euro But then after I sold the euro when you said you're gonna sell the damn euro. I Lost money and then this guy. I Don't know what he did and then he comes up with one story. Oh, I flip the trade And the thing kept on stressing me up because I was saying is it that I'm not good enough What are these guys seeing that I'm not seeing guys? I'm gonna cut right through the chase You see most of these forex influencers don't post losses period Nobody likes to talk about it Nobody likes to talk about losses and that's the real reason why I actually decided to come up with this segment called called What's the thing trader talk because for on trader talk you get to see me analyze the market So all the things that I teach on forex mastery course I use the analogies and the philosophies from the teachings on the forex mastery course and I come to analyze on a bi-weekly Basis so that you guys get to see what I'm thinking how I'm going about this how I want to execute it Why I'm getting in and why I'm coming out So I you know I Can't just come on here and pretend pretend like that didn't happen. It did happen And that's fine. But the question is how do we come back from losses? Now, I know what time I made this video you might get a lot of views might not get a lot of views Usually when I speak the truth about forex trading on the internet doesn't really get that many views People always like to hear when you know, you know, he met the African billionaire and all that. Yes, that's fine. But hey guys if Indeed you want to stand the test of time in forex if indeed, you know, you want to commit to this market if indeed, you know That you want to stand any chance at using forex to feed yourself and your family You have to understand that you have to embrace your losses. You have to Now let's take a typical case of a UD USD that we just analyzed now I remember we've probably made roughly about 15 trade calls between January and today from when we started doing the The trader talk episodes and on the trader talk episodes I can make about 15 trade calls between the then and now out of 15 I don't haven't that I don't think I've taken all of them. Maybe 12 trades executed and Roughly about 10 trades were right highly superly profitable So what that simply means is that my strike rate is 9 out of 10. Okay Because there are times where I'll come on my trader talk video and then I would be excited. Oh That's trade previous trade played out. We made money. Did it did it data data data blah blah blah blah blah It's all good You know, it's all good. But however this one this one went mad and For the fact that he went mad Let's analyze why I went mad and let's Let me educate you guys as to how to bounce back from losses Okay, because losses can throw you off balance guys. I want you guys to do me a favor I want you guys to drop me a comment down below and tell me what was the first ever What tell me that first ever account that you blew? Let's talk about this Guys when I was learning how to trade I was blowing blew the accounts you see The Forex mastery course is As a result of sweat tears and lost money What do I mean by this for every module you watch and learn that was me speaking? Right after or rather that though the information on there was as a result of I tried this thing I stick my money. It didn't work out and I learned from it So what you're actually watching on the Forex mastery course it is real life a Traders real-life Experience this is I didn't hear it. Nobody taught me the market ate my money. So I had to learn how to learn You know, so that's what the Forex mastery course is pretty much about You know pain when I tell people and I come on the channel I say if this doesn't happen Don't trade if that all those things you hear me say you probably think this guy just doesn't like to trade I'm saying all those things because I Had to put their like circuit breakers. I had to put things in place to ensure that I'm not Getting into premature trades. I had to put things in place to ensure that I wasn't making the wrong decisions Why because I have most likely lost money because I took the wrong decision I don't know if you guys are here with me with it. So, you know back to what I was saying You see I see a lot of YouTube. I know they're talking this Instagram traders always posting blues. I what are you God? Are you God? And at that time I was wondering like what are these guys doing? What do they know that I don't know? What do they don't know? I was worried ladies and gentlemen. I'm here to tell you that nobody post their losses They take their L's in silence when traders come on YouTube and they're posting all these challenges Oh, I took one K to 5k. They would have tried it about two to three times before they come So the one that works out is the one that they post How do I know this because like I said once again, I used to watch YouTube. I know this stuff That's why I made a very very conscious effort that as I was gonna create my YouTube channel I was going to try and make this as transparent as possible I've never come on here to post my trading account before because I don't believe in Coming to brag about the amount of wins that I have or the amount of money I have in my trading account because at the end of The day that doesn't help you but for the first time let let me if I'm gonna do that at all Let me show you my losses Judge a trader by his losses and not his winners. I Think this is very important subject. So How do we come back from this losses? Well, AUD USD mind you guys mind you That we had taken three Three AUD USD trades before this losing trade. So You have to understand that AUD USD had fed me Okay, I was probably up about 75% return on investment And as at the time that I took this most recent AUD USD trade I was floating at about 8 plus 86 percent So this loss would just probably not my equity curve back maybe 3% as you know in forex match recalls I teach you guys keep your risk low and keep your winners big This is the idea So obviously we've encountered this loss hasn't happened yet guys Just mind you the loss hasn't happened yet, but I feel like it's gonna happen any moment from now So hence why I'm speaking about it. Okay, so Not just so by if this trade closes up for a loss We're probably down minus 3% which will take us back to 83% return on investment for the year So we have actually made money a lot of money from AUD USD. So I want you guys to look at it this way Whatever the market gives you if the market gives you 10 you should be ready to partway with three If you want 10 trades, you should be comfortable with patting way with two losing trades This is how I look at my losses, which hardly happened by the way, but that's by the way I look at them as the cost of doing business You have to understand that the forex market, you know, people don't really understand what is happening before the forex market people don't like to hear this but the forex market is a Game of probabilities a game of probabilities So if this game of probabilities has been on your side for so long You should not feel bad because at the end of the day, it's not your father's property It's not it's it's not your right. It's not your entitlement. So whatever the market gives you you have to take and keep You see what differentiates the Forex traders that go on to do great things like my humble self And from and the trainers who fall by the rules. I guys, do you know how many people? When I started training forex I was in Nigeria The guy that introduced me to forex doesn't trade forex anymore All the people that I met along the way that traded forex back then I've been doing these 10 years and a lot of them don't They come back to me. I'm like, wow, I can't believe I introduce you into forex They have been dropped by the roadside. So what differentiates The trainers who stand the test of time and the traders that understand this game called forex meaning How you handle your losses really determines the outcome of Your trading career it really determines if you're going to eventually make a redraw or if you're just going to keep depositing into your brokerage account Did what really differentiates yet again? the traders who stand the test of time and traders that understand that Losses are part of the game look at it this way You see in Nigeria, I'm using Nigeria as an analogy now Most of you guys live in different parts of Africa or that UK and stuff like that I live most of my life in the UK, but I want you guys to use it. I want you guys to understand this I know majority of you guys actually do live in Nigeria and I watch this channel now the way Nigeria is structured is the structure in the way whereby They don't grow food in the southern part of Nigeria. So tomatoes onion all that kind of star garlic everything is growing in northern part of Nigeria Say you are a trader that sells products tomatoes in Pohakot and you've gone to Canon to pay for a trailer load of tomatoes and The driver starts driving from Canon. It's gonna take you maybe about a day and a half to get to Pohakot Do you know how many balls of tomato falls off that trailer before it gets to Pohakot? The average trader would have lost about 15 percent of the value of The tomato that was on the trailer back Why bad roads? It wasn't covered properly rain fell. Some will get rotting When the tomato eventually gets to the trader In Pohakot that is selling his tomatoes Do you think he's going to worry about tomatoes that fell off on the roadside? Do you think he's going to start saying oh Let me start running back to the road to go and pick up all that tomato I don't want I don't want this this I don't want anyone 191 dollar one pound to get missing from my transaction. I don't want he's not gonna do that He's gonna look at what he has and be grateful that at least this one arrived here safely because Anything could have happened on the way. This is exactly how the Forex market works So what you get you take once again the difference between the people who stand the test of time in Forex market and people who drop off along along the roadside are people who can You see it's not about how much money you make in Forex. It's about how much money It's not even about how much money you keep it's about how much money you can redraw I know traders that have never seen a redraw a day in their lives. I will never forget my first redraw Maybe I put a screenshot here. I was so happy guys thing was about two thousand pounds three thousand pounds How much can you draw? You know, it's too flat. So In order to summarize this video How are we going to bounce back from this loss? First of all, you can't let it disturb you Your losses do not define you as a trader I know a lot of traders who are trading with fantastic trading strategy But once they encounter a couple of losses, bam, it's out the window. They throw away the trading strategy It's gone It doesn't define you doesn't mean you're stupid. It doesn't mean they are times not even their times If I look at this recent loss and maybe the loss we took in I think it was last loss I took was made in March There are times whereby you have done everything possible, but the market isn't just ready This is what traders need to understand And another hack I want you guys to understand is another thing you can do If you encounter a loss now, this is directed at the forex mastery students now for those of you who haven't grabbed the course I suggest you do so If you want the most realistic approach of forex trading once again, the link is going to be down below It's gonna be around here Absolutely amazing that course was put together because like I said Hope this thing is recording. Oh my goodness. I hope it's recording. If not, this audio is gonna be messed up Like I said, the course was put together From trial and error. I tried this deal work I tried this and I lost money and then I learned and that's why each module was painstakingly made To help you guys avoid Losses and mistakes that I had made before in the past You should get it. Anyway, it's back to what I was saying Don't delete your levels. It's a little trick Leave your levels there Because most times you'll find out that When you close your laptop for about three four five days and you come back You find out that the market has gone on to present another trading opportunity and has still respected your levels But if you go this this analysis is not where you start deleting deleting deleting Yes, you can delete those little lower time frame line But the key levels the key levels and the minor levels map the major trend line Leave them there Because those levels are going to be there and they will play out for many months and many years to come If you allow just keep it you start to realize that the market will then start to cooperate Touch these key levels and go on to do Present you with another trading number just watch the game Don't be in a hurry to try and take the money back I'm really happy this thing happened because you know when the loss happened in March guys This is my only I've only had two losses this year in a whole year only two When the first loss happened in March, I didn't have the I didn't have the time to speak about like let's keep it moving But this is very vital This is very vital and I'm not gonna address losses again This is I'm also gonna update the module on the forex mastery course how to bounce back from losses Okay, I need to do that It's not about how much money you make is about how much money you can redraw So if I if I eliminate this aspect, I'm not I'm not doing you guys any good You just can keep watching these jokers on YouTube that just telling you all you can finish do that This challenge 1k challenge 5k challenge 2k challenges They do like three different challenges of they record three different challenges and they only post the one that works out That's not the way to go about you only dissaving yourselves Leave the levels there close your laptop Come back the following week with a fresh mind Don't come back with a mind of vengeance Look at it as the cost of doing business. It is a pullback the money did not belong to you I'm up 80 see 83 86 before the loss now 83 although the loss hasn't happened How when did I get the 83% from the market give it to me? Technically the money is not even mine Belongs to the market. So the guy's like, you know, that's it. I've been kind to you all year You be shouting top-down analysis top-down analysis Fine, you really know how to trade very well. That's what the market said to me You know how to trade really well, but I'm gonna need I'm gonna need a little charge there I'm gonna need to charge you a little negative 3% there. Let's see. It's a little cost of doing business. It happens and Once again, this is not the time for you to start jumping around from strategy to strategy Please stick to the to the laws of price action. They will guide you through the good times and the bad times This is the essence of this message stick to the rules stick to the basics If you stop down analysis if you forex mastery student stick to the flow of the river stick to training in the direction of the trend Over a period of time, you will be more profitable. You will make more money Than you ever make jumping from strategy to strategy Do you know how many strategies have tried over the past when you watch my ads a lot of you guys probably stumbled on my YouTube channel Maybe a Facebook ad and then you had me saying very bold claims in chaos don't work signals don't work How do I know I've tried them before they don't work and try all those strategies I have that I can give them to you guys they didn't work guys They didn't work so now is not the time to start jumping from Charlie calm down with a week with two weeks Revisited the money wasn't yours in the first place It's called the cost of doing business and I feel a lot better now that I've made this video I feel great. I feel happy. I feel I feel like we're one family being able to share my highs and lows Although this loading really I'm good You think this might not 3% I'm good. It's not like but when I mean highs and lows I mean the winners and the losses so that we can grow this community properly and we can put an end to this Only brokers making money in forex We can put an end to only deposit and no redraws that forex should have start making more redraws than they do of deposits Guys, do you know how many messages I got? Because ad us he didn't work out people on YouTube finally this guy He has been there. Yes top-down analysis. And we know your strategy works Finally he has made one need one trading workout the telegram messages people are messy the laughing the comments I Was just looking at them or feeling so sorry for that. I was like if I guys let me tell you when when the trade wasn't When because I only check my charts once a day Okay, I check maybe once or two once in two days. I only look at daily candles. Okay, I Monitor my trades on daily candles. Okay, I don't execute on daily for our own daily But I because I don't like to check it You know, I like to see how the daily candle close and then we can always check it maybe before I sleep or something So when you think what's going on like my enemies on social media, they're gonna have a field day my enemies Oh, my enemies will be happy that for who this has done one mistake. We have cut you No, okay, come on here. Let's talk about it Let's talk about it. Okay. So ladies and gentlemen, I'm gonna round up with this message. Yeah You are a great trader, especially if you've taken the forex mastery course link is gonna be down below as always You're not stupid You're not dumb. I used to feel dumb when I used to hit losses back in the day It is possible for you to be right with your analysis and for the market to still not cooperate Sometimes the market just wants to go and test and fulfill other key levels Oh guys is even better let the market stop right now I can't wait for the damn thing to stop me up so that I can now look at the thing and now say, okay Is this what you are going to it is better for just stop Don't give me the stop the damn trade out so that we can see what you want to do think about it this way Be if you're gonna be wrong be wrong quickly so that you can see where the market wants to head to properly so that you can Then jump into the trade but guys don't jump it almost immediately, please That would mean that will be revenge trading and we highly Sit and we highly kick against revenge trading They will be no revenge trading as a matter of fact. I won't be releasing another trade or talk This week. This is already Tuesday. I'll give the market another week another 10 days and then I'll revisit I'm not gonna be looking at any charts. My laptops are gonna be closed I'm gonna go hang out and spend time with my family as a matter of fact I think we're gonna start processing some redraws by the end of this month Let me enjoy the money. What I've been making since January How about that? Let me put feeling in my pocket guys. I just got my driver's license By the way, oh my I forgot to tell you guys my UAE license just came Maybe I'm gonna go buy a nice fast car Enjoy myself, bro. This is exactly how you put it. You prepare your mind for success You prepare your you take care of it because trading is here See that if you lose it here if you lose the mind as if you lose the emotions in your mind If you're emotionally unstable You've lost you've lost before you even start in this game So as much as you want to learn and be technically savvy and let out to trade technically Always prioritize your mental state, please Don't trade when you're desperate. Don't trade don't you will mess things up I hope I've been able to cover Everything that I want to speak about in this video guys. Give me two seconds. Let me think I hope I'm not leaving anything out I hope I'm not leaving anything out Help I'm not leaving anything out. I just wanted to reiterate a UD USD. We had three winning trades before the loss happened So It's absolutely fine. It's absolutely. I'm actually happy happy. This is happening because guys I wouldn't like to you the last loss we had was in March there about I can't remember what he lost What a because usually when we do our analysis the market goes into green before I know what's happening like 3 days profit remember so to actually See the market not cooperate with my analysis for the first time in a long time. I Felt a bit of you know the emotion hit a bit So I felt it And I want to share with you guys because it's easy for me to just come on here when my trades are doing very well I'll be like do this don't do that do this and don't do that do this do this don't do I felt it So I'm like Man traders out there. This is what they're feeling And most of the time these guys don't know how to handle this So I felt it first time. I'm like, okay I haven't felt this in a long time. Let me come and share it on here. So ladies and gentlemen once again It's that will is yours truly? I'm gonna leave you guys now For those of you who made money While the reversal was happening. I saw that as well even before it's a lot of forex mastery students I made money while the reversal was happening I'm proud of you guys keep it pushing for those of you guys who did not make money who lost money I'm proud of you guys. There will be a market doesn't you know that my Nigerian brothers will say the market No, they run away. It's gonna be here You would have more trading opportunities and trust me that will is I'll be back here every Tuesday dropping the most fire Analysis and we're going to keep making money But this conversation needed to happen if you haven't grabbed the forex mastery course You're doing yourself a great injustice Grab it and learn how to do this thing properly So even when you encounter losses, you know that you are dealing with a rock Solid approach to forex you're dealing with a strategy that you know can stand the test of time Once again, love you guys very much If you haven't already subscribed to the YouTube channel go ahead and subscribe right now I'm gonna go to the mall I'm gonna go do some shopping actually have a meeting in Abu Dhabi. They're gonna send a private jet I'm gonna post on my channel go and buy some of my suits. Let's look fly, bro Once again ladies and gentlemen, thank you for staying to the very end the links to everything the mastery course link It's gonna be down below in Phinox capital is my broker of preference. The link is gonna be down below Don't forget to subscribe and I'll catch you guys in my subsequent videos. Take it easy and peace out