 Welcome back to Why In The Morning, and if you're a follower of Why In The Morning, and entrepreneurship Tuesday in particular, you know that we try to give you tips on how to make some back, and forex trading is not an exception. We have had discussions on forex trading here before, but today we take it a notch higher. We have the one familiar face and his teacher on set, Mr. Kadengelenin, and David all the way from Dallas. Karibu Nisana. Pleasure. I hope umum pundisha yata Karibu. Yes, he knows Karibu. Jambo. Jambo. Alright, so since you're done, you can introduce yourself. Your camera is number four. Alright, good morning. So my name is David Hoyt. Most people know me as Mr. G.J., because I'm known for trading one particular currency pair, Great Britain Pound versus the Japanese Yen. I'm originally from Freeport, Gran Bahama. I reside in Dallas, Texas, for the past 17 years. Recently, this year, I've been full time in trading in the foreign exchange market, and I'm just grateful to be here in Kenya for the first time to just share my knowledge that I've been able to accumulate from the market. Alright, what do you love so far about Kenya so much? Ah, the food. The food? Which one in particular? It was some meat and beef where I had to eat it with my hand. Oh, you had to eat it with your hand? Was Ugalida as well? I hope there was some Ugalida. Yes, yes. Ugalida was that. Welcome to Kenya, and enjoy your stay. Lenin, wana kujwa wengine, lakini wengine, maybe wana kuna for the first time, so your camera is number three there. You can introduce yourself. Okay, I'm Lenin Kadenge, and I'm a forex trader. Since the beginning of this year, I've been doing it full time, and it's a pleasure again to be with you once again. Alright, Mr. Lenin, is this your first time meeting your teacher in person? Yes, this is my first time meeting him in person. Unlike the other times we have been interacting and meeting online, but now this is my first time and I'm very happy to have him around. You're very happy to have him around? I'm very happy to have him around as well. Yes. How does it feel like to meet people you've interacted with online and you've impacted some knowledge in them and they've used it to propel their lives forward? Now you can see it in living color. How does it feel? It's a priceless feeling because day in, day out, with technology nowadays, we do meetings that's called Zoom, where everybody around the world just logs on and you can actually interact with each other, show them what you're teaching them, they can show you what they're trying to learn through the screens. It's kind of like you know them in person, so when the first time I walked out of the airport, it was so much love like I met them for the longest. So you know it's just a priceless feeling that you know, you're able to impact so many lives all over the world and now to come here and see, you know yesterday we were just trading in one room and people, everybody was making money and the smiles and the excitement that everybody have from learning this skillset that a few months or maybe a year ago nobody had a clue on how to do it. So it's a priceless feeling. All right, so what was your journey? How did you get into Fox Trading yourself before we get to you were teaching out of it? So you know I'm 31 years old, I've been around money from the age of 20 from the insurance industry. So I was not shy on basically investing. I was scared to invest and take a risk. So when this opportunity came to me about trading, I was eager to learn how to do it because everybody told me that you can make money from your cell phone and on your laptop and 90% of the day my cell phone is in my hand. So I was able to capitalize on learning how to trade off of my cell phone and make a lot of money for my cell phone instead of helping other people make money from avenues that you use on your phone. So it was pretty decent. Like that whole topic on Instagram and comment. Absolutely. I didn't want to call it out. All right, I said it for you. I said it for you. All right, so how long did it take you to learn before you felt like, okay, I think I can help other people. So when I started the platform was basically we would learn from IAM Academy where we had a mentor, her name is Dr. Cathy Kirkland and she would jump on early morning sessions where she actually trained you how to trade and help you get into the market. So basically I did that for three months before I even understood what the market looked like. Kind of look like an EKG machine at the hospital and after three months basically. It's gay. Yeah, it is at the beginning and it's normal but because it's something foreign that you don't have no clue about. So I did it for about three months and I just got a wake up call where I needed to learn how to trade by myself and not depend on anybody else to help me make money. So I was able to dive into the market. I have a buddy in the Bahamas Jamal Green that basically he dissected the information in the academy and then a few other mentors that I was able to come up with my own strategy where now there's thousands of people that's following that strategy. So to be able to do that within two years for me that's more of accomplishment because I had no clue how to trade. Now I don't brag too much of myself but I'm probably one of the best scout traders out there right now. All right, I like that. I like the confidence as well. And Lenin has shared with me before that anybody can learn how to trade as long as you have the basic arithmetic knowledge. Can you reinforce that? Absolutely, now here's the thing. Nothing in life we're having comes easy. So you have to put in the work. So the work is actually education. So you go to school basically to learn like if it was business you would go to school to study business then come out and you get a business account and job. Well in this you're basically learning the skill set. Once you learn the skill set nobody can take it away from you. It's kinda like riding a bike. Once you learn how to ride a bike as a child no matter how old you are you can always jump on that bike and ride. Even if you have the same thing as well. All right, I like. So Mr. Lenin, when I look at forex traders you guys move as a unit. You guys have the love so much. You share a lot of information. What is the importance of networking when it comes to this business? Cause you guys move as a group most of the time when I interact with you. I think the importance of us moving as a group and the networking aspect of it is what I normally call the third eye cause the market is so huge. There is something in the market I might have noticed that maybe someone else can have a different view of it. So having that different view on how to go about the market and then putting that together cause at the end of the day there is a phrase he likes using that in the market always the house will always win but if you put your synergy together as a team you are definitely going to say this is the guy we are targeting and so if all we come together and then we are able to come and win together as a team. So together you are stronger together you have more information together you have different perspectives together you are wiser That is what you see. Cause there is a strategy he knows there is a strategy, a weekly of knowledge there is a strategy I know so you will really want to look at it when you want to make a fair decision either to buy or sell or to enter into this market if there is a confirmation of both your strategy that now this is the direction to take then you go into that market with a lot of confidence. Wonderful, which leads to my next question and now we have the imagines of artificial intelligence and some people are claiming that I can sit and computer software can do the trading for me. Is this true? So you have systems where you could actually put a strategy in a system where the system actually helps you make that decision. I don't recommend just having a robot to call the trades for you it's just because you don't want to be dumbfounded about the market because the market repeats itself and you have to analyze the market yourself to make the decision whether you're going to buy that currency or you're going to sell a currency. So I always look at it as it helps you out but it doesn't make the decision for you so I wouldn't basically just focus on letting the system it's supposed to support. There you go. All right, it's not meant to do the trading for you. Do you have anything to add on this? I think it's key because you look at again the aspect I'll ask the aspect of learning you have invested in education so you would really want to make use of that education in terms of what is it that I can help or what is it that I can do towards really utilizing the knowledge I have acquired. Again, if you go to the robot way you're just becoming lazy and it is like he has said it is there just to help is like for example right now we're in the digital world we just can't sit back and say now we are in the digital world let everything be handled by machines and robots. It's hard. It's hard, we can never do that for sure. All right, why 254 Shandlon Twitter why 254 underscore Shandlon Instagram and why 254 Facebook is the way to interact with us if you have any questions bring them our way and remember we have a question on Facebook are you preparing for your retirement that is a question on Facebook so we are looking forward to your feedback we'll be sampling them towards the end of the show so back to you my people it is said that in when there's tension when there's that this market thrives on tension absolutely is it's true so the market, the way the market works you have certain different currency pairs that's volatile that has high volume in some currency pairs that don't for example Great Britain and the US dollar kind of fluctuates a lot in the market depending on the economy politics if you have information or news that came out that can make the market volatile and basically when the market is volatile some people can capitalize and make a ton of money when the market moves so is a good thing when you do have the tension and you have news that makes that happen because if you're in the right direction and you analyze the market right you can make a lot of money Alright then where are the ethics then so so what I usually recommend is regardless of what's going on in the countries I recommend following your strategy so when you follow a strategy it doesn't matter what's going on in the world so for example right now we're dealing with Brexit so Brexit it fluctuates the market a lot if we have a no Brexit deal then the Great Britain pound would basically drop to the ground but if you're analyzing the market with your strategy even if it drops you can capitalize on making money in either direction so it doesn't matter what direction the market is going you just have to know what direction you need to be in is either going to go in a buy or go in a sell and you make money in any direction so a lot of people they get confused with the stock market with the stock market they teach you to buy low and sell high with the foreign exchange market you just have to make money in whatever direction it's going you just have to be in that direction so that is the main difference between forex trading and the stock trading so in forex trading you make money either way buying or selling and the stock market your thoughts out to buy at low and sell at high the major difference thank you very much for that information right there alright so recently I'd like to get your opinions on this we had since your currency professionals we have the west African the eco us talking about having a single currency and doing away with the with the old currencies and having one currency called the eco and some people are hopeful about this some people are not really hopeful about this some people feel like the french colonies are going to be transferring the part to Nigeria since it's the biggest economy there and what not do you think it's the right step towards economic freedom for west africa I think again it all depends with the economic block of each and every region having in mind that in the west african region they thrive so much on oil and we have gold and cocoa if you find out that these commodities are part of the larger market in the world then when they come together it's a plus they are basically putting their resources together and coming on the table and saying we are coming into this market we also have a say when it comes to issues of oil or it comes to issues of gold or cocoa because they are thinking that they are the third largest in the world so when they come out that and like I said in the beginning unity definitely gives you a voice and so to me as they continue to pursue that they are pursuing that with the fact in mind that they have what it takes to move for their voice to be heard so unity is always the way unity is always the way for you I won't put you on the spot so much maybe these are african issues you don't understand them but maybe you can give us what you think so with that he can't answer that it's kind of the same thing with any country when you decide to put your foot down and take responsibility for your country you have a say and most of the time when you have a say the people have a say so with different things you said cocoa and gold by you guys having that here if they decide to go with one currency I would strongly recommend it that's just my take on that make some stronger for sure it's time for the moment of truth ever since we started this conversation people have people have complained a little bit that we never show them how to do this thing for sure so we'd be having a demonstration led by the teacher himself and yes we have the first slide on screen so today you learned how to retreat on why and the morning and Mr.Lenin you had a disclaimer before we we start this I think the disclaimer is basically what we are showing you is out of the strategy because again as you go into the market you need to have a strategy that you need to follow so my strategy will work for me until the time whereby I'm saying it doesn't work but again if you just hook on it quickly and maybe along the way it seems it doesn't work for you and you are kind of I think Lenin gave me a wrong strategy and then that is the disclaimer this is someone else strategy until you come to a point whereby you have your own like we normally say marry your own that is when you can say now this is working for me but whatever we are going to show is basically a strategy that again is subject to someone again having a different opinion on it so we have the disclaimer right there without much further ado let's get it so what platform is this first so right now what we are looking at is basically a free platform that is called trading view most traders they basically use this to analyze the trade analyze the market maybe mark up their charts from here the platforms that we usually use is called MT4 which is MetaTrader 4 and this is simply done on your cell phone where you can actually enter and exit a trade or if you decide to do it on your laptop you can download the MT4 MetaTrader 4 on your laptop so trading view is basically where we usually go and just analyze the market mark it up and make our decisions there alright thistradingview.com yes yep so what are you looking at right now is basically if you look to the top left it basically says GBPUSD that stands for Great Britain Pound versus the Japanese I mean the US dollar so right now you have to the bottom of the screen is the RSI stands for Relative Strength Index what this do is this measures the market on the volatility so for example when I'm teaching my students with this particular indicator any time the market is over 70 on the RSI that means it is overbought and if something is overbought what is it going to do go into a buy so this is just a small indication that could help you make a decision either to buy or sell also we have on the screen where you have a cloud it's called Ichimoku Kinko Haigo and basically this indicator basically is a one glance equilibrium where it measures the market on the RSI and we make our decisions in the market from that indicator and there's a few other things in there on the screen basically on the there you go we're back so there's a few other things that we look with the indicator you have something called a TK cross which is the Tkinsen and the Kinjinsen and what that is and also if you're going to jump in a buy or sell Tkinsen and Kinjinsen we call it the Tk cross basically it's a red and blue line and basically it tells you if the red line is just simple if the red line is above the blue line you look to buy if the red line is below the blue line you look to sell and this is just another form of indications that can help you so I usually tell everyone to make sure that the indicators that you go with because the stronger your confirmation the stronger the chances you're going to come out and profit in the market what is the maximum number of indicators I can go with I always recommend maybe 3 to 4 or 3 to 4 but ideally what is the maximum number as much as you want to learn so indicator is just basically something that would help you follow a strategy you can have as much indicators as you want but you would be confused because there's so much information behind each indicator alright so the Tk what do you call it? the Tk cross the Tk cross basically stands for the Tkinsen which is the red line and the Kinjinsen which is the blue line so the Tkinsen is basically the signal line it tells you the direction of the candles so you have candle sticks that's basically you have buyers and the market fighting that's really what it is and basically the Tkinsen which is the red line tells you the direction of the candles alright so maybe in brief the 4 indicators some 4 indicators that you go with so basically so the Ikimoku kinkohayo which is the cloud that's basically indicated that we use the relative strength index which is the RSI that's another indicator we use that goes with the cloud I use the Tk cross which is the red and blue line so for example like I said if it goes if the red cross above that's a buy if the red cross below that's a sell and then also dealing with the cloud every time you have a dip in the cloud it considers it like a magnet so a magnet does what pull towards so it pulls the candles towards the cloud wonderful out of this what we are seeing on screen some trade has been absolutely so for example the market here this is GBPUSD so most we have probably thousands of people that basically as in this trade right now we went in it for a sell this morning so everybody will be sitting now waiting for it to hit our take profit and when you hit a take profit it's kind of like a payday for you it's a payday this can happen multiple times throughout the day alright so how long do you have to it just depends on the market sometimes this thing can hit in seconds sometimes it can hit in minutes sometimes it can take days but you know in seconds it can definitely happen especially when we talked about volatility in the market so if you have news that comes out basically that would help to trade hit faster another thing I learned from Lenin if you are patient in this business absolutely if you are not patient you will learn patience alright what do we have on screen right now so basically this is off of your cell phone this is what you call MetaTrader 4 so if you see the logo to the top left that's what you can actually go to your app store and download now here's the thing we can show you and give you this information but you have to learn it because if you just go in and try to figure this out you'll be completely lost and this is where the education part comes in but what you have on the left is the quotes and that's basically the currency pairs that is one country versus the next country and like I told you in the beginning the economy politics those things affect that particular country so what it's telling you is for example to the top you have AUD CHF you have AUD CAD that's the Australian dollar versus the Canadian dollar so that means ok for example in Australia if something positive comes out news wise it would strengthen the Australian dollar and it would weaken the Canadian dollar it's like a fight you against somebody else and basically that's all it's doing so like the next one is AUD JPY which is the Australian dollar same thing if something comes out that weakens the Australian dollar then the Australian dollar would drop against the Japanese yen and the Japanese yen would go up against it so in that example you would want to be in a sell and that's how you basically jump in trades I like that so it's basically me watching a fight analyzing the fight who's winning who's strong so this would be step number 2 so the first step would be you choose the pair that you're going to trade the second step would be basically entering your margin so if you talk on the market execution you have 0.05 now this is the key thing that when I'm training I tell people to focus on that is called a lot size and that number fluctuates depending on your account balance so one of the biggest questions that people always have is how much money do you make from doing it your lot size is going to determine the amount of money you make from it and we train everyone to use 1-3% of their account balance to actually enter and exit the market so all the lot size is is the currency unit you're going to buy or sell so you encourage people to use what percentage absolutely 1-3% is proper risk management because if you don't you could have a bad day so 1-3% make sure it gives the market time to move everybody is a perfect trader for example what goes up must do what and what goes down absolutely you're a great trader now I love it what do you always do right now so right here is basically after you get into a trade you have the trades this is the third step this is great news if the trade is done you basically made money so for example you see to the top GBP versus JPY that's the Greg Britton pound versus the Japanese yen so basically he went in that trade at 5 cents 0.05 and if you look to the far right he made $3.72 from that trade so the 0.05 is what we said the lot size is so that determines the amount of money you make from that that number is the more you would make on the far right this is like the end result so when we look at the end result of this what I do is I tell everyone you have to trade and think like the banks because the banks do this every day every day you're asleep they're in the market trading making money on your money while you're asleep they take the profit keep the profit and put your money back in the bike that's a fact so that is what the banks do every country that's how the banks make their money and I can do that with my own money you can do it with your own money in the bank I can do it with my own money in the bank no they do it for you but say I want to trade and I want to put some money in it so you have a broker that you would basically have it's a platform that you would use each country I know you guys have a few brokers over here that you use but you would deposit into a broker and the broker it's like a bank in a sense so you deposit your money into a broker the broker syncs with this app that's called MetaTraderForce so they're communicating with each other you go in the market, you trade you make money if you're ready to withdraw you would draw back through the broker back into your bank account when I'm investing my money in the bank we have KDIC they insure the deposits when I deposit money it's insured by a body so that when the bank messes up I can still get my money if it's over a period of time so is my money safe when I put it under this broker so would the broker he could explain more about the brokers you guys have with the broker for example the two brokers we have in the country is very safe guaranteed because again they are capital market authority regulated and so CMA having a forex an online forex department basically oversees that to see to it that whatever monies we deposit with the broker is very safe when I look at my balance in C1000 shillings and 83 cents the 83 cents doesn't really matter to me as much but the 83 cents matters so much when it comes to this treaty absolutely I tell everybody every penny counts because you have something called compound interest so like I was explaining with the banks for example if you were to get a mortgage on a house you would get a 20-30 year mortgage and within that time frame with the compound interest you're going to pay almost 2-3 times with the house's work when you have pennies that you could compound into larger amounts any amount any profit is a good profit that's what I tell all my students because here's the thing that's money you didn't have so for example let's just say you was to put 1000 Kenyan shillings in the bank if you just put it in the bank and you left it in the bank for a month at the end of the month how much would you have there depends on the type of account if it's just a regular checking account that you may have a fee I don't know if you guys have fees over here bank fees but if you just leave the money in the bank it's not going to grow in a current account obviously so I always tell all the students think like if you have that money in a bank where it's not growing anything even if you was to make $5 or basically a 5% growth in that in the market that's still a plus so the 83 cents I love every penny I can get from it every penny counts when it comes to trading so how can people get to this level you guys are at with the trading from scratch somebody who has never traded before is watching us right now and would like to be like you guys so what I would recommend for somebody that haven't traded before is you have to put your mind to it that hey this is not it's nothing easy you have to put in the work to learn it's education so the education part of it is where we basically promote a company that's called IM Academy so that's what we actually do and through that academy it teaches you how to trade from not knowing anything about the market to being an advanced trader and like you put a disclaimer today and 2-3 months later you can be a better trader than me it doesn't matter who you are as long as you put in the work and you actually go and analyze the market from the knowledge and information you was able to get then basically the sky is the limit there's no cap on your money there's no cap on the knowledge you can receive from the market or from different academies basically that's what you shoot for so where we started was from IM Academy then depending on your growth for me basically I was able to build a brand where basically I have a huge fallen base that I train and that's MrGjPipWalking.com so if you wanted to go on MrGjPipWalking.com you could actually go and kind of see my journey from when I started to train and see what we do see the record right now the record from me and my system so that means 98% of the time we're profiting in the market 2% we're having a bad day and that's pretty strong in any anybody that's trading usually they tell you a good trader is 60% 40% that means you're winning 60% of the time and you're losing 40% of the time now I'm proud to say confident that we're 98% and you know just the experience of being in a different country you could do this anywhere in the world as long as you have Wi-Fi they picked me up from the airport a few days ago and from the airport to my hotel room when I was checked in I was wondering why he was sitting so close to me every trade I jumped in he jumped in the same trade he was making money with me on the way to the airport wow that's why we have him on set that's why we have him on set how can they get to the website again? to see your journey and your classes so the website is called MrGJ just look them straight into their eyes MrGJPipWalkin.com so M-R-G-J-P-I-P-W-A-L-K-I-N-G dot com and PipWalkin is something the terminology we use in the market Pip is basically you making money in the market PipWalkin P-I-V we are about to be PipWalkin before you go since you understand this country better than him during the elections one year to the elections and after the elections we always have problems in this country we are looking at history and it affects a lot of businesses affected by this kind of situation the geopolitical especially Kenya will not affect this market because we are dealing with an international market it's an international market platform whereby the only effects to this market are like he mentioned the super powers that is real, that is a fact because there are the guys who call shots in this market but whatever happens in this country as long as you are doing forex trading you are not touched at all so we can still trade trade trade the only day we can trade is on Christmas day on Christmas day but the rest of the days when it is a week day you are able to trade is that official actually no trading on Christmas day it's only on Christmas day wonderful thank you very much guys we are coming through looking forward to having you again Lenin looking forward to having you again as well but I should be back here next month on the 21st also if they miss you this time they can catch you next time thank you very much guys for coming we appreciate you forex trading is another way you can make so many cut a see of my friends Lenin and David on entrepreneurship Tuesday and the morning my name is Bymosis or it's bymosocial media we still have a question on our Facebook are you preparing for your retirement and how could I forget that I am 31 years old and right now the trip here was a last minute they told me to go ahead and come over I scheduled it today I was able to leave everything and just come and that's the thing financial freedom so right now I consider myself retired just sold to my studio right now I consider myself a 31 year old retired young man because like I told you when I got the call and they said we have an event set up for you within 2 days I was basically on a plane heading to Kenya and that is a part of financial freedom right there oh absolutely so what I am getting from you when we talk retirement they should not be looking at 65 or 70 years you can retire 31 years old this is what everybody it could be Kenya it could be the United States but what they teach you in school is the 40-40 plan basically you live 40 years of your life you go to work for 40 years to retire on 40% of your income and right now and I didn't want to forget there was a guy that I was introduced from Lenny and it was Dr. Sam and his whole vision of us trading me being able to train him was to impact 5000 Kenyan yukes and that vision and I just met Lenny for the first time met Dr. Sam for the first time and it's like you share that same passion where you want to change where you're from you want to change lives that was huge where he wants to change 5000 Kenyan yukes man and ladies by learning how to trade in the market because I think when we were having a conversation the average person here makes maybe $200-300 a month there is so much easy ways where you can basically make I made a statement with my friend over there yesterday while I was training a group and we were in a group I made $300 maybe a few hours and somebody has to wait for a whole month after a whole month and we were sitting down in a restaurant talking laughing, having fun amongst ourselves and trading making money on our cell phones and our computers and I was able to make that basically in a few hours and somebody worked a whole month and that was a small day because I was complaining she asked me if I had a good day trading and she was one of my slowest days ever and she made a statement she said no you should be grateful because somebody has to work a whole month the waitress here is not going to make that all month that's how you looked about that that's the passion that Dr. Sam, Lenny Helen everybody they want to change the kids lives people that are struggling in the economy that's working 40 years they don't have nothing to retire on you said that's the question are you going to get ready for your retirement most people aren't they can't and that's why you see after they retire at 60 they still have to go back and work again stats show that 96% of Kenyans pay that fee are forced to pay it only 4% pay it voluntarily which is worrying by the way thank you very much for the knowledge because you can retire at 31 you can retire at 35 you can retire at 40 you can define your own life you can define your own destiny when we talk retirement we are not talking about 65 or 70 years anymore I can't see your table Lenny here so be sure to head to our Facebook and answer that question we'll be sharing your opinion towards the end of the show don't cut that out