 Yes, welcome back to why in the morning I go by the name of by Moses or it's very money we social media platform Special thanks to join which actually for that amazing informative interview, but right about now We are about to talk about a topic that is associated so much with the elite and guys in suits But the gentleman in studio here to demystify this and tell us more about the evolution in this age of Information we have a word Lenin and weekly for Forex traders Karim Bounisana. Thank you so much. All right The drill is always look at camera for Introduce yourself. I can't say any part of your credentials out. This is that time to shine Okay, my name is Lenin and I'm a forex trader apart from that I'm also a trainer and a mentor too many in this field of forex trading Karim Bounisana when you were in the morning, I said he's done a new ship Tuesday for that matter pleasure Thank you so much. My name is say weekly for a month. I'm also a forex trader My colleagues usually refer to me as a sniper because I'm a sniping the market. You're a sniper in the market Also a trainer and a coach as well. All right All right, you're a beast when it comes to All right, anyway, I'd like to take you guys back back to When you were growing up. Yes, you used to watch business news. Maybe yes I do. I used to watch a lot of business news, but it didn't make sense to me. It didn't make sense to you What about you even that just to echo the same sentiments In fact, when it reached that part for business news I just used to switch to a movie or something else because you never got in there It was not my thing The gains exactly exactly Yes, but then at what point did you maybe you can start with you? Did you fall in love with this with this particular trade? I think what what really made me to really fall in love with this particular trade is Reading about it is when you're just over my city You realize that there is there is a lot of money in this field and you're wondering which is this money And so again in my few travels I used to travel and come back With few dollars and so in the process of going to change a friend tells me no no no you just go into town Look for bureau that is offering you more. So I looked at it. I said, okay, so what is it all about? And I was wondering, okay, why is this you're offering more than what exactly and so I got much interested and I wanted to get to understand what is it all about this business? And so from there now I grew interest to really dig to get to know more about it All right. Yes. What you understood in a nutshell that currency is also a commodity. Yes, and we bought and so it yes That is what I understood. All right. When did you fall in love with this? Okay, good All I can say is that first of all I was looking for a skill set something that I Can learn and At the same time when lining doing it it brings money in my pocket So I was in that verge of looking for any business idea that I can actually do and I landed in Forex Just going through YouTube videos going through Internet All you typed was how to make money how to make money online by the way I just typed how to make money online and so many things came Forex thing stood out for me So I went deep to research them about Forex and actually so that this thing once I get the correct skills Then it's something that I can do. All right. Yes Perspective just paint a picture for the guys. There's we have Forex trading and we have stock trading here. All right, so Stop trading accounts for what amount of money in a day maybe Stock trading again, it depends with the now the fact that are you studying stocks? It is something that to me I normally refer to it as a long term So it is something that it is considered a long term to an extent whereby per day It might not move much, but when it comes to Forex trading, I'm talking about 6.1 trillion US dollars 6.1 trillion US dollars per day and to me that really moved me and I wanted to be in this market Yes, I get my share per day and what is the difference between stock trading and Forex trading? Maybe so people can get to understand because most of the times when we talk about these things here We talk about the budget supplementary budget people all they hear is Greek and they need somebody to break this down for them What is the difference in layman's language? Okay in layman's language all I can say that When you're talking about stock market, basically, we're just talking about the shares the shares the shares company needs to be up exactly and Issue an IPO exactly people buy shares Existing yes There's so many companies that list where people can buy shares Yes, and then what is Forex trading Forex trading basically just buying and selling of foreign currencies buying and selling of currency Yes, so this is simpler than stock trading if you me given that I've engaged in Forex market It's it's simpler. It's simple. It's simpler This is just a case where you get your money buy currency and wait for it to hit the roof and then sell it Okay, what normally happens you first of all analyze the mark analyze the market You get money either way whether through selling or by not one direction Yes, depending on how the market looks all right, so sometimes buying also hands you money Yes Wow, there's more into this. So for how are you guys so good at this? How did you get to know all this information? I think to get to know all this information We had to learn the skill set and so just like any other skill set someone would really want to be an expert in it You need to learn about it. And so we had to Enroll in an academy that we were able to learn because again having an interest alone is not enough But now give digging deeper to have the information about what is it that you want to know about and again? It's not just but any other academy you again looking at an institution that really has the gurus in this field And so these are the guys who are able to teach you to tutor you and to take you through the process And you are able to learn at the end of it all now you you you hear him calling himself a sniper So people have nicknames in this you you hear me being called a master trader It is because we hack this market because we have learned the skill set. You've learned the skills All right. So I'm really really interested in the academy. Yes. So how does this academy work? And how can people get to sign up to this academy? Okay, good. Uh, first of all the academy is an online platform And uh It's easily accessible So even at the comfort of your own house, you can be getting this skill set So it doesn't mean whether you are busy or what you're here Bandos or you need. Yes, exactly internet access and a smartphone and a smartphone. That's all you need even a laptop Not even real. I'm a laptop. Yes. All you need is a smartphone. Exactly. And I think 90 percent of Kenyans have one Perfect. Yeah Anybody can do this. Yes. This is a starting point. Yes, you can enroll into the academy learn about these things. Yes and trade All right. So once I've learned how to trade At least I have 20 percent of the knowledge because I bet 80 percent of it in lent is lent in the field. Yeah So what is the process? How do I start being a trader? Now after you have learned as as you have already basically said now again You need now to open a trading account with a registered and the government recognized broker And currently we have uh to uh registered Authorized brokers by the government regulated by CMA So we always say the moment now you open your account now It is from that trading account now you put in your capital So it is from that capital now you are able now to go into the market and start trading. All right. Yes So when you You sign up to the site. Yes. You have an account. Yes under Recognized broker invest your capital and then you start trading. Yes. All right. So, uh How was your first day of trading like let's just wow My first day of trading Again, it was one exciting again fearful because you are entering into something that you're saying. Yes. I have learned Basically, it's it's like driving when you have gone to driving school Now this is your first day driving and Here there is a trailer hooting at you. You're wondering should I stop? You have to tumble. She died in the kent And I remember my my my first gains was 850 shillings And and I was so happy because I couldn't believe my phone can give me money And as our teachers or our tutors used to tell us your first money withdraw it and enjoy it and and I was I couldn't So your first earning will draw it Enjoy it. It will give me motivation. Yes. You're looking at it and you are asking yourself. Is it real? Is my phone really can give me money and Yeah, and to me. So this is the advice you give to all the people you train. Yes The first money enjoy it so that you can understand how real this thing is exactly All right. So, uh, I hear it's as easy as getting it through impersonatis. Yes. Yes. Yes your mobile money Okay, uh, like uh, just uh toward on what my colleague has said Uh, we usually have uh forex brokers this government recognized institutions who are giving us the platform to trade with like The ones who are authorized by the government kohenya They went and took advantage of the mps platform and they have integrated it into their system so actually The profits that you've made from your trading platform. You can actually withdraw from mps And uh, you the money Across the world exactly, but it's only in kohenya where we've tried to incorporate it with the mobile money exactly progressive Exactly. This is a very progressive White by four underscore channel on instagram and white by four on facebook Are you interested in trading are you interested in forex trading or you have nothing to do at home? But you have some little capital. This is that uh segment to watch. All right, so, uh So after you traded the first time you traded the first time You earned some money in the process You spent it. You knew this thing was real What have you learned in the process of trading over time? Just a few lessons you've learned. Okay, good A few lessons that I've learned from this field. It's a field which needs a patience because When you look at also some of the mentors that we're looking up to They from their stories that they've been sharing It's a field also. You need to have a lot of discipline It's a field also. You need to in as much as there is a lot of money inside it You should not let grid guide you Guide you read out grid out exactly grid out number one. So, um To me basically what i'm learning from this field Is patience it has really taught me a lot of patience patience is very important patience I'm paid to wait And that's the slogan which you usually use especially when you are trading You have to wait. We are paid to wait I like all right Patience is a is a virtue in this patient of us read is out of the building exactly. All right. What about you? I think one of the key things I have learned over time is you need to have a long term goals when it comes to forex trading Because if you look at it as You you you have lost the meaning of forex trading because again I look at forex trading as something you need to plan And the key other important thing is you need to have goals because I'll tell you my brother for sure Forex has money And if you don't have goals of what you're going to do with that money at the end of it all you will run Nuts because a day comes you you you hit a meter and you're like is this my money? And so if you don't have goals and the vision for what you're going to do about it, then you will lose it You lost it. All right. Yes. Sometimes you win. Sometimes you lose. Yes That is That is how life is set up Is it the same in this sometimes you win sometimes exactly exactly just the same I usually refer to the concept of Being in a school, right? There are those moments when you used to get score some things wrong Didn't uh, did that mean that you're now a danda student or what? No, no, no Exactly. Even the best one used to get a hundred. Sometimes sometimes 90 exactly It means any time that you lose there. It's more of a checkpoint Maybe there's something that I didn't do correct. So you just go back and Exactly exactly exactly need to be out there. All right. So sometimes you win sometimes you lose Is a mentality you should go with into this business. Yes. Yes. All right Yeah, I'd like to take you back to 9 11 if you can remember. Mm-hmm. So nobody really anticipated this. Yeah. Yes Uh, we just saw the tower coming down the next day the dollar plummeted. Yes, really badly. Yeah. Yes All right at this at these risks you're willing to take at this day and age that we live terrorism is a is a reality Uh, America is a constant Target for terrorists The dollar is the most popular Yes, uh currency that you guys use in trading. Is this a risk you guys are well entity I think it is it is it is a risk you're willing to take but again It works both ways Advantage and disadvantage Because we are looking at a situation whereby if the dollar plummets then basically The I normally say the the bearish or the bullish will have it So in the business of forex trading It's both ways you profit both ways When it goes down, you're still profiting when it goes up. You're still also in profit The only thing now it depends now. Which pair are you buying it against or are you selling it against? So in in all the in in all the scenarios You will find out that if the the american market the dollar is is coming down Then maybe in the europe or in the asian market. They're celebrating. So again It's a gain win situation for where you put your money. Yes, it's where you put your money So because these are things you understand with time Yes, you understand with time and then the key thing that's what I always tell people don't engage in forex trading If you don't have the the knowledge about it because the knowledge about it will help you All right, you will help you understand the various Dynamism from various markets. And so like we are talking about The the great britain pound right now. It's it's dipping. It's it's coming down But to some of us the more it dips the more we are gaining because we know how now to do to pair it with which currency For us to gain. Wow. All right. The assumption is always that trading is for for the elites Guys in suits like Is it is it is it's the truth? Does it have truth value? They said no actually by the way Sometimes back People had that notion. They thought that this a platform that has been reserved for elite Even me I used to think like that before Only to realize later that this a platform if you are only coachable because you can realize in From the academy that we had talked earlier. We have got People from all walks of life. We have good guys We even never went to school or even if they went to school Their school dropouts even I personally I didn't complete my college and college dropout But we see a new west Yes Yes, so, uh, it doesn't matter. We normally say whether you are out of jail or you are from We direction As long as you are coachable as long as you have basic mathematical Exactly exactly exactly. That's all that you need as long as you can add one plus one you can trade exactly Anybody can trade anybody country. Do you have any success stories of people? Who are presumed or assumed to be the less elite in the society who you have trained and trading right now as we speak? Yes, as we speak right now, I have I have three guys we have worked with and these guys were the What the slogan Kenyans we use called my concordy And so and They are never even of my lineage or relatives are just the guys I engaged in a match as I was coming to Tread house in town And so I got involved with this guy just talking to him and told him guy There is something I can share with you And if you're interested when you are done, you can see me at this place and and sure enough the guy came And in the process of him coming I was able to share him The idea of how to do forex and he was so excited about it He enrolled in the academy and I gave him a very a very easy time out I was just telling him you do whatever you do when there is off peak hours. That is around 11 a.m You come over I'll work with you And in the process the guy has the guy was able to do that And two months down the line the guy is able to earn 2000 a day And it is all of that it's to me. I celebrate it as a sexual charity because right now He's no longer a concordy. He's he's now A full time forex trader Getting more than 50 dollars a day and to me That is a success right that is to me is an achievement before we talk about the reason you do that. Yes. All right, so uh If you have some people earning up to 50 dollars a day And some people earning up to 100 dollars others up to 500 dollars. What is the difference? Why is somebody adding 500 and another one adding 50? What is the difference experience? Of course number one is experience how long you've been in the academy and then number two is the amount of capital that you have invested Yes, the amount of capital is very important. You can't win Less than what you gave it exactly exactly. Why do you do this because people will assume? My secret this is my secret to reach. Yes. I don't want to share it with so many people Yes, uh, because I don't know it will affect my business. Why do you share your secret? That you figured and that is making you money people Don't tell to share the secret that is actually one of the key things I've always Desired is service to humanity service to humanity basically means I'm not in this for my gain But again, there is a there is there is a need we are addressing in society And especially we as the young people we are looking at a situation whereby Almost after every maybe a year or two years to the election There are a lot of schemes that comes to town And these schemes are just coming to town to single Kenyans in the name of forex trading And so we are out here to basically inform And enlighten people and tell them hey this Lenin who will come and pick money from you to trade for you He has just learned this skill that you can also learn it's a simple skill And so we are out here to impact and and change this perception and notion Because it is just like two months ago whereby people were demonstrating that they have been signaled by various schemes in town And those schemes the bottom line is that forex trading it's not they're not forex trading So we are out here in as much as people that you can do it yourself. You can do it yourself I'm doing it. I am coming from a different career Field, but I'm in forex trading and I'm making it. You probably even do it full time. Yes Exactly. Actually right now. I'm doing it full time. And so I'm telling people you can do it Those mamas who have especially mamas they have a lot of money they put into these schemes And we're telling them here is a skill set that they're the biggest target to be the biggest target And our our main aim is let's reach out to them and tell them hey listen If and I normally tell them and I don't like I'll give me your 100k You expect me to give you 20 000 in the after the end of the month Me I'll give you a week. I'll give you 200 and so Now how rich have you made me to be rich? You have given me your hundred thousand. I said with it For a span of a week. I have already recovered your money and I mean profit So I've remained with three weeks to continue trading with your money So at the end of the day I'll get almost around a million out of your hundred But I'll give you 20 you have made me rich So I'm I'm saying I do not want that money I want you also to learn that skill so that be empowered be empowered. So that's why we are out here to tell people We are just basically to educate empower and enrich Educate empower and enrich yes, right all this money that is under I'm guessing it's uh, it's not my money that exists in Kenya per se It's money that comes from abroad as you earn it as it comes into your pocket Yes, so this thing has the potential of growing the GDP of this country 100% and I always tell people look at Nigeria and South Africa for extending is an industry In Kenya, we are not an industry because we have a lot of informal for extending But now because the government is coming in and now Regulizing things and making sure that things are in place Then I tell you give us two years three years. It will be a big industry because look at South Africa It's it's an industry that is affecting the GDP of that country. Look at Nigeria It's it's an industry that is affecting the GDP of that country because now things are now being streamlined and put in place So it's the same thing that is again. It's happening in Kenya. When you talk about informal forex trading Are you talking about the forex bureaus that I see in town? No, no, no those ones are formal Informal forex trading is now what I'm telling you. I pick your money. I start trading with it I'm not registered to trade with your money because the government only allows a broker who is registered To trade with your money, but not me as an individual Traders are a fraud are a fraud and we should share of them wish and that is that is our message We should share away from them. There are fraud They're a fraud land to trade by yourself land and get on a platform and start trading and start making some money Yes Wonderful white five four channel on twitter white five four underscore channel on instagram and white five phone facebook Is a way to interact with us hashtag is white in the morning Hashtag is entrepreneurship tuesday and please send your questions and tell us what you think about this particular topic So question that is coming in is what is the difference between Forex trading or trading and gambling The this person is claiming there's a very thin line between trading and gambling. So maybe you can demystify this. Okay, maybe if I can Okay answer that When you are in forex trading minus kills you're gambling Are you getting? When you are in forex trading with appropriate skills Boss you're just trading you're trading this business You're in business if it was gambling then look at the major participants in the forex market That the financial institutions, right? Do you think? A whole equity bank for example, we'll just gamble With billions of shillings no never because at the financial institutions We will find out there are those people who have been trained Who have got this skill set on how to participate in this market who are trading the bank money So When you want to call it gambling participate in it without the skill set That it will be gambling for sure for you guarantee exactly exactly exactly But when you have a skill skill skill set, yes, it is trading. It's just business. It's business. All right. Yes You seem like you have something to add on this We have uh, so we have the genuine doctors and we have the quack doctors So will you when when you go to the quack doctor Basically, you're gambling with your life And when you go to the real doctor you are you are really treasured in your life. So in every given industry We will have The thin line between gambling with that industry And maybe two sides of the coin. So it is you at the end of the day. It's your choice Like he has said you need a skill set for you to really be part of it And I always tell people every skill set is a science and I have never seen a place whereby I learn to gamble No, because it's you can never learn to gamble. You can never learn to gamble by chance Exactly by chance, but but foreign study you will learn. Yes Wow, you had it straight from awesome. Keep the questions coming. I'm enjoying the questions. All right, so, uh What is what is the future for you guys in terms of this trading thing? And uh, the the fact that you want to bring other people's other people from the informal sector the formal sector to join you In this trading thing, uh, what what is the vision for you? Maybe we can start with you Okay, good. Um The vision that uh I'm looking forward to have Given that uh, just uh, when my colleague had mentioned that when you look at the Kenyan setup the setup that currently we have Uh, more or less this market has been dominated by the informal type of trading But for us, we are looking forward Actually, if we can be having like a more or less Forex trading school But that's some of the things that we've been discussing when we're dealing with this forex At least we can help us as the pioneers as the pioneers so that we can help as many individuals Who would like to participate in this industry? Yet, they don't know where they can get their proper skills from are you getting it? Yes So that's actually what we're looking for because you'll find just as I mentioned The financial institutions have bigger players in this field, but they're not willing to disseminate that information Because that's their own way of making money. Are you getting it yet in as much as there are so many people Outside here who like to participate in this market And they don't know how how to participate exactly. This is something you can do from home This is something you can do Exactly after you're done with your nine to five exactly and this is something that can contribute to the gdp. Yes In a very heavy way. Yes. Wow. What is your vision? I think my vision again is to When all is said and done is to be part and part of the pioneers who have really helped the Forex industry to grow Because that is my cry and I'm looking at it and I'm telling people this is an industry That we want to be counted The second thing I'm looking forward to is I don't want after every other five years We have people demonstrating they have lost money in their schemes So one of the key thing is to go out to reach as to many people as possible to enlighten them that They need not to be part of the schemes and again A key thing in my vision is for kenyans to go back to the process We are guys who love results first We don't appreciate the process I would want to be a graduate without going to class. I would want to be A rich person without going through the process. You'd like to go to poly event without Compailing and willing. Exactly. And so those are some of the things we are looking at and we are telling people Hey, it is time we adapt the process and and to me. This is again is a call to the young people Let's let's let's let's let's go through the process It might be painful. It might be hard Sweaty it pays it pays in the long run. In the long run. It pays and it pays good. All right I'm guessing you have a facebook page a facebook page. Yes, uh instagram instagram. Yes Snapchat snapchat maybe not But I'm guessing you share a lot of information about trading and business on your social media handles Yes, so maybe you can share your social media handles and tell them how they can get to interact with you in case they need this training I think with my social media is uh at at facebook is look them straight into that is Facebook is Yes And I will be able to interact with you That much that much. All right. Okay. Um, I'm just weekly survey Instagram weekly survey Twitter weekly survey Thank you very much. Yes, how can they get to interact with you in case they need the training and in case they can't access these sites that we've talked about We can share our mobile numbers. Yes. Your camera is number four mine is a zero seven two zero seven six Five eight nine seven. All right. What about you zero seven one one eight seven three Eight seven zero. All right, so you can definitely call me do the business hours You're a family Thank you very much for coming and thank you very much for sharing this information Thank you so much because we have a lot of people who complain that they don't have jobs people want to get jobs here But we can only employ Just a few just a few so thank you very much for what you're doing and keep going. Thank you. Thank you very much Thank you for hosting us again. You're welcome We have come to the end of this and the topic of conversation was forex trading And if you'd like to get more information find weekly survey all in in on social media So you can get more information. I'm personally getting into this So we we are not done yet. We'll be back with some more of why in the morning. Don't go nowhere. Don't type that out