 Hi, my name is Leon Roe, Coverage E-Trader and Trading Coach at trading180.com and we have two traders in this video, Ebbe and Fitz, who joined me, joined Trading 180 a while ago. And I just wanted to get their opinion, their views and of the mentoring group, how they're applying fundamentals to their technicals and really kind of go over the results, what they've been getting in the group and really just getting on his opinion. Right, brilliant. So hi guys, how are you guys doing? You okay? Yeah, good man, how are you Leon? Yeah, doing well man, doing well. So Fitz and Ebbe, right? I guess I'll speak to maybe Fitz first. Give us, I guess maybe a quick background on how you got trading as far as how you got into Forex and how long have you been trading or were you trading before you met me? And then the question goes out to Ebbe as well. Well, it's been five years now, it's been a long journey, five years of this and basically it started with being awake and then there was this guy that had a chat. So I was like, what's this about? And he said, oh, this is trading Forex blah, blah, blah. And I was like, okay, cool. So how can I get into it? So he gave me like a little explanation of how Forex works and everything. And I was actually quite intrigued. So I go home and I'll start looking into it. And I was like, okay, cool. I mean, there's something that I want to do. So I started researching online about trading here and there and then there was a time I saw, I understand, an advocate for a seminar in somewhere in Milton Keynes because around that time I lived in London. So I remember catching the train going all the way to Milton Keynes and then obviously going for this Forex seminar and I was like, damn, this is good. And it was all about the kind of monies you could make and all of those things. I was like, yeah, I want to do this. So then on that very day, I just decided I was going to sign up for this course and I remember paying three grand for it straight away. Three grand. Yeah, that was my first introduction to Forex. But then in as much as, I mean obviously like we both know, I mean, you can never select anyone's course or whatever because obviously, whatever anyone gives to you, it works for them. That's why they're able to sort of like document it, put it in like videos and whatsoever and then send it and then sell it out there. I mean, what they didn't explain or maybe what I didn't understand was the fact that it was a day trading course and I was working full time. So it wasn't really working for me. Right. It wasn't really and I was searching around, searching around and I was making losses, I was blowing one account after another because obviously there was no time to trade. And then going online and then obviously on YouTube all the time, trying one person, trying the next thing after that one day I came across your video. And when I came across your videos, I mean, I was like, wow, this is good. And I started watching videos after videos after videos and then one day I remember reaching out to you, I sent you an email and I said, I've watched a lot of your videos and I'm interested in this. So can you take me on and you're like, yeah, you got back to me, sent me an email, got back to me and everything. And to be honest, I didn't have a clue about fundamentals whatsoever. I mean, I knew a little bit about fundamentals, but it was just about trading news. So it was about basically waiting for the news to come. And then once you see the reaction based on what's happening, then you just obviously jumping based on the volatility that this thing comes up, you know. Yeah. Yeah, try and get that. That's what I knew about for me. That was fundamentals. Yeah, and that is a lot of people's interpretations of fundamentals. It was mine as well for a very long time. Fundamentals, I guess, was taught online as you go on Forex Factory. Yeah. You sit there, you pick the high impact news and then you wait for the high impact news to come and then you either buy or you sell depending on whether it's, you know, above it's a positive number or a negative number. Yeah. In contrast to the expectation, right? Yeah. So that's been. To be honest, I didn't even know what it meant. All I knew was, you know, it's a high impact news. The markets are going to move. So once it starts moving, you jump in. And that's what I was doing. Sometimes you make money. Sometimes you lose and everything. So when I heard you speaking, I was like, OK, this guy is going to be better. Anyway, so let me try him. So I've come to you and then now Leon is going on about and then you need to know inflation. And then Leon is going to buy inflation, interest rates, GDP, this and this. And I'm sitting there and I'm like, wait, what's this guy on about? I don't know. I remember. And I remember I was reading when we had that group on Telegram. Yeah. That was initially on Telegram. And there'll be trades because I had friends who had also started trading. I mean, obviously they were technical traders and they'll be taking trades and they'll be sending me this trade. It's like, oh, I'm going to this and I'm making money. And I mean, when Leon is saying, no, this is, I mean, fundamentally, we can't take this trade. We have to wait to. Is this the right thing? Is this the right course for me? This is kind of what it's doing, you know? But then it was because I didn't understand fundamentals then, you know? So at the second stage, I had to take a back step and like, listen. Your focus is in too many places. You're trying to do this. You're listening to this person. You're listening to that person. You're listening to the other person. There's so much. Listen, it's either you stick to Leon, right? And understand what Leon is trying to teach you or else you're just going to go round and round and round. And by that stage, I've been three years into this journey. Yeah. So then I had to sit down and now start applying what you were teaching, which was about get to understand the fundamentals. And when I started getting into fundamentals, initial fundamentals, initially, I was reading all over the place that I was trying to remember. I was coming at you, Leon. What is it about money supply? And then this and that. And then Leon would be like, no, Fitz, I'm teaching. You know, it's all over the place. I remember. I remember. I always come back to you and it was like, no, Fitz, stick to the main ones. GDP, inflation, interest rates, central bank, monetary policies. I mean, they said they can't employ me. They said, stick to this. And I was like, oh, but then this person is saying this, this person is saying this. But then obviously I had to. I mean, sit back and say, OK, listen to what Leon is saying and then just go by it. And that was where the change began. You know, I remember when, you know, you started giving me some trade ideas. Yeah. And then I was like, yeah, Fitz, it's just about, you know, you're getting the direction, right? It's just about then the technical analysis getting in, you know what I mean? But once you can get the fundamentals correct, you're more than likely going to be on the right side of the market at some point, right? And you're able to buy low and sell high. So, Ebbe, what about you? How did your journey start into forex trading? And how long were you, well, how long were you forex trading, I guess, before you met me in trading 180? My interest started, I think, Lex Van Dam had a show called Millionaire Traders. Yeah, I remember. I can't remember the year, I think 2007 or eight, one of them. And I watched the show and the way he trained the people and Anton Krill was there and the way he handled the people. I loved it. I said, wow, this guy is no nonsense guy. I like people like that. So that sparked my idea to get into trading. So I was in junior at that time. So I didn't really spend time and looking for courses. But then after I came out of uni, I paid for a technical course. I don't want to say the name, but I pay like 2,500 on the course. And yeah, I didn't learn nothing, to be honest, about moving averages. They haven't learned nothing. And in my head, I was thinking, is this, this can't be trading because it's too easy. It can't be that something needs to happen. So I was going through YouTube and I discovered some other guy which I paid for his course. His course was a bit cheap, like 215. I learned fundamentals from him. And someone else on YouTube gave me Anton course for free. So I was like, okay. So I looked at that. Then that course that I paid, that's where I mess fits in that group. Right. Right. I met him there and he, I messaged him. Because normally I don't go to list people. I messaged him and I was like, hey, what's up? Young boy, blah, blah. Just talking and we connected and he told me about fundamentals. That's not because that time then I've learned fundamentals with money supply. All of that stuff. And I was like, oh, that's cool. New orders. Then fundamental list that most people have then fits and then with supply and demand. Oh, I've got, I paid for a technical course as well with that teaching supply and demand. I can't remember their name. Then I met another guy that also does supply and demand, but I didn't get grass. I learned it, but I felt like there's something odd about it. Even though it's cool that people, you know, that rally base, rally drop. I understand it, but in my head, I was like, no, there has to be more than that. Even though that works, there has to be a way that can connect with the structure on the charts. Then fast forward, I mess fits in that group. But then we're talking and you start, you know, this guy is, is, is, is supply and demand ways crazy. So I'll check out on him on YouTube. That's like a cool style. I watched video. I didn't even finish that video. I can't remember what it was on supply and demand. I just like 10, 50 miles to outfit. Okay. Connect me ASAP and I was broke at that time. But I was like, you know what, I'll find the money and pay for it. Like, I don't care. I just need this guy. So then fits connect me to you. Then I paid for the course. Then straight in. I went through everything in your group. I watched every video took my time. Every video. Then I was like, wow. Okay. This, this is the guy. Let me stick here. I'm not going anywhere. I just stick to this guy. Then this method. And then, and then trade. And this is where I am right now. So I took it serious, like serious. When I joined you, then I took it really, really serious. Cause she clear all the noise. Yes. And then just focus on what needed to be focused on. And right now, right now, even if I haven't read fundamentals for like two seconds, just go in and understand it quickly. Yes. And I know what's up. That's it. So thank fits and thank you as well. You're welcome. You're welcome. And yeah, I do remember when fits, you know, introduced you to the group. I do remember. And, you know, how, how far you've come, you know, since then it's, it's been, it's been really good seeing you guys, you know, grow over, you know, the time period that you've been with me. One of the questions I guess I wanted to ask was, you know, we talk about fundamental analysis, right? And, you know, everyone has kind of different, I guess, understandings of what fundamental analysis is as we kind of spoken before some of me first get into Forex trading. A lot of people think that fundamental analysis is going on to Forex factory and just watching, you know, pressing buy and sell when news comes out. Right. But we understand is obviously a lot more than that. We look at the relationship between interest rates, inflation, GDP, you know, and risk sentiment, for example. Yeah. But, but, but if someone is out there listening and they're saying, well, you know, well, why should I learn fundamental analysis? It's just a bunch of, you know, it's just, it's just, it's just nonsense. And I've heard from, you know, these traders on YouTube and TikTok that everything you need to know is in a price chart, you know, Elliott Wave works and all of that kind of stuff works. So why would you say to somebody, what would be what, you know, the advice you would give someone as far as, as far as why learn fundamental analysis? And I'll give that question, I guess, to Fitz. Why was the benefits of, or some of the benefits of learning fundamental analysis? Well, when it comes to trading, like, I don't know if you remember me saying that everything works. I mean, for someone to try, for someone to obviously implement it with their trading, right? And then feel confident enough to document it and claim and make money from this. Then it must work for them. I mean, but with my journey, I realized that, you know, all I was doing was just blowing accounts after accounts because all I was just doing was following technicals. You know, so it took me coming to obviously sign up to you and you explaining the whole fundamental analysis to me and how to apply to my trading, you know, for me to understand that for you to have a trade, I mean, for you to get into a trade, you must know the reasons why you are getting into a trade. You know, it's just not about looking at the price charts and then deciding, okay, you know what, prices are going up, so I'm going to buy. Prices are falling. The market, yes, prices, technical analysis plays a role, you know, but there must be a reason, a fundamental reason to be in that trade. And that's sort of like, if you've done your analysis well and then you get into that, and then you get into the trade and you understand fundamental analysis, you've done your analysis well, and then you get onto it and then you obviously open your charts, right? And then the technical base helps us for increase. It's very good for increase, you know, because then you know the kind of levels or the kind of supply demand zones that you want to get into. But fundamental analysis gives you the reason why you want to get into the trade because it tells you because with the way we analyze things, I mean, we are aware of what the central banks are saying, what they are trying to focus on based on their monetary policies that's affecting their economy, right? So that's also like, gives you an overview of okay, now this is what they are saying, and this is the kind of data that's coming out. So based on the data that's coming out, right? Does the data tally with what they are saying? Where are the divergences whatsoever? So you have that kind of reason and then we kind of go through the hedge funds, the analysts, you know, what their reports, what they are kind of saying as well too. So it kind of, it sort of like validates the same reasons why you want to get into a trade. And you get into that trade without confidence. So for me, I'll say that fundamental analysis is giving me great confidence when I'm getting into trades because I know that, okay, my line, I mean, my line of thinking is exactly what, I mean, people that obviously paid so much, analysts whatsoever, you know, that's, I mean, it's along their line, their line and mode of thinking. And because we're focusing on what the central bank, which actually controls the currency, is thinking as well too. So yeah. The great point. That's the main reason, yeah. A fantastic point. Have you got anything to add to that, Ebbe? So why should, why would you say to somebody who was maybe thinking about learning fundamental analysis, what would you say it is about fundamental analysis that, you know, you think is definitely essential? What has it done for you? So for example, it could be like, well, you know, currency selection, for example, it could be things like even the ability to hold trades and things like that. So what has it done for you? Yeah. Fundamental has given me the foresight to be able to forecast the markets three months, six months and yeah. So with that, I know, okay, if everything aligned, I Ebbe, like Fitz said, following the monetary policy, following to see that data meets the narrative or the quarterly basis, then once I know, okay, I go to the chart, look for area of value, demand zones, supply zones, if I'm looking to sell, if I'm looking to buy, and if those area get respected and then they see a reaction, I put my entry in with a control stop and then I ride the train, ride the train and then I can add on to multiple positions once there's a pullback, right? While I'm also checking on volatility, because volatility is a beast and take you out anytime. It depends on how tight your stop is and where your stop is. Exactly. Yeah. So I do that and that's it. That's the main thing with fundamentals. It's very essential to know fundamentals. And let me know about liquidity hunts as well, because I remember one time, it let me know, sometimes we may think like, because right now, I'll give you an example, like the hero right now, fundamentally it's weak, but it's doing a liquidity pool, right? Prices keep going up until the richer place where they'll start selling. I know there's a pullback of selling that came in two, three days ago that people took that, but I see going to the 1600 before you start turning to come down. I ignore the buy. I'm just waiting for the sell to go in, right? Then sell it to 110, because that's where the analysts are focused to get to around that range. So I'm just waiting, beating my time. And I knew the buy was going to come in. And since you mentioned that, it made me very careful in certain trade I take in pair selection. I saw by knowing the part of Lee's resisted. I love it every time I'm saying that. Right, yeah. So both of you have really kind of picked up on a lot of things. So, you know, to kind of summarize, I guess fundamental analysis is things like pair selection, right? So a lot of technical traders will literally look at, you know, the whole 28, 29, 30 pairs, right? And, you know, with fundamentals, you're actually selecting the pairs that are most likely to trend because we're basically essentially saying we want to trade the strongest versus the weakest, right? What the term is the fundamentals by looking at the fundamental analysis, again, interest rates, GDP, inflation, monetary policy, risk sentiment, we can see whether, for example, the euro is strong or weak and what the European Central Bank is likely to do with the currency through monetary policy compared to, for example, the US dollar, right? What are the Fed doing with interest rates? Are they hiking? Are they likely to hike, hold or cut rates, right? Are the European Central Bank likely to hike, hold or cut rates? And then we can just look at the data, look at their decisions or what they're likely to do by the rumor in a sense, and then forecast the massive trends, the huge trends. And, you know, I've done interviews with, you know, lots of other traders and one trader in particular who was a scalper, I think it was Lawrence and he was saying to me that he used to go for like 20, 30 pips. You know, he's now going for hundreds of pips. He's made hundreds of pips like literally in trades, right? And he was like, it's amazing. Do you know what I mean? So also as well, fundamentals, and we'll go over, I guess, you know, some of your trades in a sec, but fundamentals also allows you to hold trades with confidence to see where a currency is actually a bargain price because we also know that price doesn't equal value, right? A lot of people think that price, looking at a price chart, that's the value of it. But not price and value are two different things. Something can be expensive and something can be a bargain. Do you know what I mean? So it doesn't mean that because price is what it is right now that, you know, we've got, you know, that's basically the value of it. That doesn't make any sense. But yeah, good answers on that. So from a, I guess, a trading psychology perspective, right? So it all has, I guess, my mentoring and the group helped you with your trading psychology because without that, you know, technicals and fundamentals are just not going to work. If you keep repeating the same mistakes over and over and over again, or you're not aware of the mistakes that you're making, then, you know, it's going to be very difficult for you to trade technicals and fundamentals, right? So, but being in the group, starting with Fitz, how has the group helped you and supported you with actually, you know, trading psychology? Well, just to summarize it, I mean, I'm a very confident trader. That's it. I mean, every trader. Yeah, that's it. I mean, I'm a very confident trader. I mean, every trader, I mean, I take, it's with a lot of confidence because, I mean, I know, like you said, my pay selection is right because I'm trading the divergences. I mean, the strongest against the weakest or like you, or the trend that you use most, the dog with the least fleas. Dog with the least fleas, yeah. I love that. So, yeah, I mean, you know, just, was it last week or two weeks ago, right? And I have a friend who has a group. Yes, a group of about 5,000 members. I mean, actually, actually, it's not, I mean, this was in those days of my search, of my going from place to place to place to place. So it was actually a group that I joined, I paid to join and everything, right? So, I mean, me and this guy, we've developed some kind of like friendship. Right. I mean, I've been talking a lot about fundamentals and everything. And then just about two weeks ago, he was, yeah, he came over to a boy sentiment business, like Fitch, I mean, my group, because he's a pure, he's just pure technical trader. So he was like, Fitch, I want to add a little bit of value to my group. So I love the way you always talk about fundamentals. So could you come and give a short lecture on fundamentals, right? And then I was like, okay, so I was asking maybe, I was like, should I do it? And he's like, yeah, yeah, you can, you can, you can. So, literally, I gave this talk on fundamentals, explaining, I mean, obviously, our main points, which would be inflation, interest rates, GBP and everything. And I finished and he was like, wow. He was like, wow. And every, every watch the video and every was like, Fitch, that was really good. I had this guy say to me, that at least I've, I've watched your video four times. And every time I watch it, I mean, I get more to understand from it, you know? So, so, I mean, so, I mean, you know when I came to you. Yeah. I mean, those, those things that I was like, that's little know what he's talking about. Because just people, people out there, I remember, was it three years ago? Or three, was it three years ago? Yeah. When we're just shorting euro, sorry, the dollar against the euro, all the time. Yeah. Yeah. And in between, right? Obviously, the euro will rally a bit, make a, a correction or a pullback here. And those pullbacks would be massive. Yeah. And we're sitting on our hands and I'm getting people sending me charts. They're making money and I'm sitting there and I'm not making no money. And I used to be restless. I'm like, nah, this guy doesn't know what he's talking about. He gave me. But I mean, to come from that stage to a place whereby now I could, actually be confident enough to lecture a group of 5,000 people on fundamentals. I've come very far. That is fantastic. And I've come very far. And Fitz, you can, you can attest to this, right? I've always said to traders in the group, if you know it, you can teach it, right? Yeah. Correct? I've always said that. So you thought you've always said that, right? If you know it, you can teach it. And the fact that you're now teaching it and you're showing other people how to use it, brilliant. You know what I mean? Because like you said, that gives you the confidence. Your trading psychology is there and it's a brilliant thing to hear. And you know what? Well done, man. Well done. But you know you've got to refer some people to trading 180 as well. You know that, isn't it? Definitely. But, Ebi, how has the mentoring been with you and the improvements maybe with your psychology? So when you came in first of all, maybe were you making certain, you know, maybe mistakes and then, do you know what I mean? Just through learning and being in the group, ironing out those mistakes. Yes. When I came through, I struggled to take profits. Right. I'm like, because I was like, ah, it can go a little bit further. It can go a little bit further. But then I watched your video where you have that profit target range. So I always, whenever I do my analysis, I always include that where I take the profits and stop loss and everything. So it's already there. So once I put the pen in order, I don't care whatever happened to the trade. Right. Right. Then I come back again to see. You know what I mean? A couple of days. And that helped me to not worry about taking profits like higher. Just target whatever, one, two, three, take it, let it remain around and just chill. Brilliant. Brilliant. And just being in the mentoring group and the fact that you can ask questions. Questions, yes. You can get feedback and things like that. You know, that I guess is worth its weight in gold. And it was for me, right? When I was being mentored, because I put out a post on YouTube recently that was asking why traders felt that they failed or they're not profitable. And so far, I think something like 55% say that it's trading psychology, right? Which is, obviously, that's what they think is there is obviously, you know, truth to that. But if I've said, if let's say, for example, you've watched, you know, a thousand YouTube videos and you've watched a thousand technical analysis videos. Yeah. And you say that the reason why you're still not profitable is because of your trading psychology. Then my question would be to you. If that is the case, then why don't you watch a thousand videos on trading psychology? Right? Because all the information should be there, right? For your trading psychology for you to get better. But, but traders will do that and still not be profitable. Yeah. There's a reason why. And it's because you're not getting feedback from someone who knows what they're doing. Mentoring, right? Mentoring is so important from the right person. Yeah. And so when, you know, traders will watch, you know, all the videos under the sun. It's very difficult to actually get, you know, the feedback whether they're doing something right or wrong. So I have a bit of a thing and I guess from a psychology perspective, whether, you know, there's a quadrant, right? Where, and you've probably seen this where you can do the right action, the wrong action, the right result and the wrong result. I know if it's, you'll know this as well, right? Yeah. Yeah. So, so you've got the right action doesn't, just because you do the right action and take the right trade. Yeah. Doesn't it won't always equal a profitable trade. Right? No. It won't always equal a profitable trade. Or you can do the wrong action and just take a random stupid trade. Yeah. But you can get the right result, correct? Yeah. That's true. Right. Most people will justify their actions by the result. Yeah. So what they would do is they would take maybe a poor trade. Yeah. But win that trade and maybe have two or three or four winning streaks, right? Trades in a row. And then they think they're doing the right thing. They're following the process. But in fact, they're doing the wrong action and continuously doing the wrong things will eventually over the long term, medium to long term in equal to a blown account. Yeah. Whereas, for example, doing the right action and following the process of things. Yeah. Doesn't always lead to a profitable outcome. But if you keep doing that process and keep within that process, eventually over the medium to long term, you will see the results. Where trade is messed up psychologically is that they confuse the outcome with the process. Yeah. So if they think that if they win a trade, two trades, three trades in a row, they think that that is basically what I'm supposed to be doing. And then, but from a psychological perspective, they get confused later on because they're like, well, what happened? Right? What happened? I was taking all these trades and I was winning at first. I was winning more than I was losing. And then all of a sudden I'm starting to lose now. The strategy doesn't work. And then they start chasing their tail, right? You know what I mean? But the point I guess I'm trying to make is this, is even being aware of that fact within the group, I guess you'd never heard that concept before outside of Trading 180, right? No. I mean, Leon, when it comes to mainstream, yeah. I've never seen anyone like you. And remember there was a stage I even said to you, I was like, Leon, for what you charge, you know? Yeah. Yeah. Because I remember when the first started with you, every time I come to you, Leon, they said, I don't understand. He's like, okay, give me a few minutes. Next thing, Leon drops a video. Next thing, oh, we got two minutes. Come on. I mean, let's do a Zoom call. And it was, it's always that constant, constant memory. It never stops. It's like you are always there, always there for the group. And that's why I run and the group is actually grown so much to the point where even though I'd be honest, I'm not actually because of other schedules and everything, but whenever I have the time, I come in there. And because you've grown the group and so much, there's people that have actually taken up that mantle and role of helping newer people that come on board and guiding them as well too. And plus, I mean, mate, you're doing well. You've done 2 webbeds every week. I mean, you do the group calls. And then the weekly... The weekly... Fundamental videos. Fundamental videos and all of those things. In between every day, you are dropping 2, 3 videos in a day onto the group. Apart from dropping the videos, you are explaining things to people, going through people's chats and everything. It's like a full-time job. Yeah, that's when it comes to mentoring. To be honest, there's no one like you. Thank you, man. No, no, that's true. Because she got so many videos. Literally, sometimes, even you still do new ones and I'm like, but the answers is there already. I still do new videos and it's good. It's good. So when people come in and like it's very valuable community and valuable information that you get. Now I'm thinking like an analyst before I actually commit my money, my capital in the market. Yeah, absolutely. I've seen the change in both of you and it's brilliant to see. And as you say, you're more thinking like an institution, like a bank, right? You're not just saying, all right, there's a level of support or supply and they're going to try and get short here. And we're just going to look for some technical analysis, right? You're thinking more from a macro level. And when it comes to things like managing money and doing things like that, to do that from a technical analysis perspective is going to be very, very, very difficult for anybody to really say, all right, I'm going to give you my money. Anyone who's serious anyway, if you don't know the relationship between interest rates and inflation and really can you call yourself a forex trader? If you don't know fundamental analysis and risk sentiment analysis, interest rates, inflation, GDP, the relationship between, can you call yourself a real forex trader or are you just a technical analysis trader? No, it's just taking analysis. It's just looking at the charts and then looking at what price is doing and then just following, following suit. Yes. For the ace basically, yeah. Yeah. And getting to know price patterns, double tops, double bottoms and wedges and this and whatsoever. I mean, there are patterns and there's times that don't work and there's times that they wouldn't work and everything. But for me, I mean, after coming to you, it's about why not be much more confident about your trades? I mean, analyze your trades properly. Give yourself reasons why you get it into trades. It's what you are thinking in line with monetary policies, what other analysts from the mentor analysts are thinking. So that's also like, do you see that confidence as to whether to commit your capital or not? Yeah, yeah. And yeah, there's no brainer when it comes to that. Absolutely, but trying to explain that to somebody who's not, who's still very technically driven, it's very difficult to explain that. And again, the statistics still show the statistics haven't changed, right? No. Still 90% of traders lose 90% of their capital in 90 days. If you go to a broker, they are mandated to show you how profitable their traders are using that platform. And what you'll see is you'll see a number that comes up and it will say 70%. You know, like a little banner that comes up. Go to a broker and then go to IG. I mean, I'm awake with the broker now. Are you going to? Yeah, well, there you go. I know, it's like. Right, so Fitz knows first hand, right? So you know that it's like at least 80%. Some brokers maybe 75%, 85% depending on the broker. So around that region, right? Of traders. It's more. It's about the same to be about. It's probably more, but maybe they're massaging the figures. You know what I mean? They don't want to put people off, right? That's true, yeah. But the point is, Fitz, I've been doing this since, what, 2013, right? Profitable since around about 2015, right? And the statistics have not changed. If technical analysis was all you needed, there's hundreds and thousands and millions of videos that you can find on social media, all talking about support and resistance, Wycoff, you know, even supply and demand, right? So you can get all the information out there. Yet statistically, things have not changed in the years that I've been here trading, right? So it's got to be more. There's got to be more to successful trading than technical analysis, because anyone can learn technical analysis. It's not, it's not the hardest part, right? So, you know, Wycoff, all that kind of stuff is not, it's not hard, but yet statistics are still the same. So, you know, mentoring, fundamental analysis, a winning strategy in the first place, trading psychology, which all you get in, you know, the Trading 180 Group and you guys have benefited from, you know, and you guys are testament to that, right? Right, so let's get into, for example, just one more question before we get into maybe, you know, maybe you guys explaining, you know, maybe your biggest trade or last profitable trade. I want to just find out, maybe like Fitz, actually maybe Ebbe, I lost Ebbe, what was your biggest ah-ha moment? What was your biggest light bulb moment being with Trading 180? So many, but the one that clicked my mind was my ah-ha moment is where, let's say, you've got your fundamental projection, but then price is moving up. If you want to solve a price, it's moving up, right? Against you, basically, you say? Yeah, against you. Then that was my ah-ha moment was like, oh, so they're not ready yet, they're just trying to put money in. So, okay, I'll just click back and chill. That was my ah-ha moment because I've done some fundamentals, however, they have, most of them didn't explain it like that. Because that happened last year, the Euro trade, right? Everyone was talking sell, sell, sell, but Euro's still going up, fundamentally. Like still going up until when they reach one, two, three, then they drop. That was where I sold from as well. I took profit at 1117, let's chill. So, that was my ah-ha moment. So, thank you for that. That's all I can say, nothing else. Brilliant. Brilliant. What about you, Fitz? Oh, for me, it was to do with the learning, basically. When I first came on, sorry. Sorry. It was to do with the fact that fundamentals involves so much. So, obviously, once you start learning something, there's that bit of you that wants to go out there and then try and find out so much about the topic. So, I was out there trying to read this and I was trying to read that and I was trying to read that and all of those things. But then, that moment was when you said to me, Fitz, concentrate on the core fundamentals I'm teaching, which were interest rates, inflation, GDP, employment, monetary policies. That's sort of like because the thing with fundamentals, it's so broad and when you go online, there's so much to read. You could be reading from Bloomberg, you could be reading from Yahoo Finance, you could be reading from wherever. But then, when you condensed it into those core topics and said Fitz, concentrate on these things. Once you concentrate on these things, you realize that it's the same things that the analysts are talking about and the central banks are talking about. And doing that, it just basically made fundamentals so easy to understand because now, the moment you start reading, I mean, analyzing and doing your research into fundamentals, you know the things that you are looking out for. And it just makes life so much easier. I mean, back in the days, fundamentals were like, oh, so what do I do? What? I don't really know what I'm also, I mean, being all over the place, but breaking it down and condensing it, it's like, that was the magic, you know? So for me, that was my moment. Really it made so much more. Yeah, and before the house, you've condensed the fundamentals, the main core ones. I used to pay attention on PMI numbers a lot. PMIs and everything, and I'm like, then that, since when I joined you, and you mentioned, oh, it's good to know about them, but however, it's, the core one is the main one that gives you the directional purposes, you know? And then now, whenever there's news PMI numbers I just look at it, oh, okay, cool. Then I knew where, if the market is expanding or expansion or contraction, I got that idea. And then that's also part of my ha ha moments. I forgot to mention that. Thanks, Fitz, for reminding me that. That's definitely, definitely ha ha moments for the fundamentals. So filtering out the, you know, the irrelevant news, I guess, right? And also as well, from a from Fitz's perspective, it's the focus. And it's funny because I had, you know, in today's webinar call that you was, you was a part of, you was in there, Evie. You know, that was one of the first things I said to the new traders that joined, right? Which was focus, yeah? Focus is so, I guess the word is so essential because you can kind of get pulled from pillar to post, not just with fundamental analysis, but even technical analysis. But you have to focus, you know, whether you're with me or whether you're with somebody else, it doesn't matter, you know, but whatever you're doing, you have to focus. That's one of the things that traders and people, I guess, just can't, it's the inability or the difficulty in focusing and having that discipline, right? To just focus on one thing and any, and just focus and practice and repetition, you know? So yeah, brilliant, brilliant. And I'm really, really glad that you've had so many aha moments. So yeah, we'll get into, you know, I asked you, I guess, to maybe explain from a fundamental perspective down to the technicals, you know, either, you know, the last profitable trade or your biggest trade since you've been with trading 180, yeah? And I know, I guess, just because we kind of went over it just before, Ebbe had the, it was the Cad Yen, wasn't it? Yeah. Right, and it was back in September, right? September last year. Yeah. And so first of all, Ebbe, I want you to just break down from a fundamental perspective why you were looking to buy the Canadian dollar at the time and sell the Japanese Yen. Okay, so from the fundamental view, CAD was the first country to start to talk about tapering. Right. And then their data was improving. Right, so it's a taper. So tapering just in case anyone who's listening is not necessarily, you know, clear on tapering. Tapering is basically the reduction in purchases of bonds, for example, because they're buying government debt, yeah? So what they're doing is, is that they're reducing their government debt buying, that's what's known as tapering, which should be positive for the currency. And number two, in terms of risk, that may have decided not to take the trade. They were the country that managed the COVID better than the others. Yeah, brilliant, yeah. Right, so and then I was looking at it and what the central banks was also looking at at that time was employment numbers getting better and then unemployment dropping. So and then they've front-run everyone. So I was like, okay, let me just jump on this CAD. And then with the yen, everyone knows the yen. I don't even know how to explain it yet. They just stuck in the limbo for decades, right? Stuck in the limbo for decades. And they just, I don't know, man, the yen is weak at that time, right? They were in lockdown and then the government was still buying the bonds at that time. So I was like, okay, that's a good divergence. So let me just go into my chart. And then I remember we had a volatility at that time. So I was just waiting for price to get cheaper. So I held our hold on and then price got around to the 18, 8,500 area. Right, period. During September, so the 8,520, you said it was somewhere around here, wasn't it? That's it, yeah, 8,520. Do you remember where roughly maybe your stop-loss was? Yeah, my stop-loss was like below that week. You know that week on the left? This one here. No, no, the big black one there. Yeah, it was below there. Okay. It's a daily chart, yeah? Yeah, it was a daily chart. It was below there. So somewhere maybe about 15, 20 pips below that. That's it, that's it, below that. Okay, so about here. Yeah, okay, brilliant. Then I took it. And you took that trade. Brilliant. 92.440. 92.440. He managed to pick literally really nice. Brilliant. Fantastic trade, man. Yeah, I gave fish that trade, it didn't took you, so I was laughing at you. Fish didn't take it. You know, fish remember when we did the analysis after I used the trade. Yeah, but I mean from the perspective of you had the fundamentals correct, and whatever fits maybe hesitated on the trade isn't even necessarily here or there, because sometimes it's like, for example, I might think to myself, I'm not too sure about it fundamentally, or maybe technically, and then the trade might still go. But the main thing I guess is the consistency in the fundamental analysis, because even if you don't necessarily jump on, you're not going to catch every single trade and trend. But when you do, you can have the confidence, like you did, you know what I mean? Like how many pips was that? Something like maybe about 400 or something like that? Oh, no, maybe yeah, 600 pips. 700 pips, 700 pip trade, right? And it's just, it makes all the sense in the world. Like I said, we're not always going to get in on the same trades all the time. Yeah, but as long as you can consistently know and understand what is likely to happen in certain scenarios, then that is really what matters. And a great trade, mate. I remember this trade. I remember this trade 100%. I do remember it. I actually missed this trade myself, I think, because, and I can't remember why, but I remember this was in, you know, the way that I trade was a CPR, right? So there was a level, yeah, that was it. And I think, I think, I, do you know what it was? I think I was in another, I think I was in, I was in two other yen trades. So I think it was because I couldn't take this because otherwise I would have had too much. I would have been exposed to the yen too much. I think that's, that was what it was, but it was just a choice, you know, that it was, it was basically just take your pick when it came to selling the yen, right? You know what I mean? But the main thing is that, you know, you can't catch everything, but you get the, you get the area, right? You know what I mean? You get the direction, right? And you buy low because we understood that price doesn't, is not, you know, correlated to value all the time. And when it's not, this will end up being a bargain. You bought in that, you know, area, nice trade, 700 pips, a nice 11 to one type trade. Fantastic, mate, fantastic. Fitz, what about you? Biggest trade, last profitable trade? Oh, you know, you know me, there's always been one trade that I like so much. I mean, one, well, I mean, there's other pairs that I trade anyway, but there's this pair that I kind of like, really like. And I love my, back in the days when I used to send you chats, a lot of my chats used to be on that, which is the EuroNZD. EuroNZD, yeah. I love that pair. Yeah, we hear you, we hear you. I love that pair, look. I just love that pair a lot. So, literally, since I would say from, is it November or there about in 2020? I've never, all of just basically, that is so EuroNZD. Yes, I'll get out at a certain stage. Yeah, 2020, right? So, it was around November, you said, yeah, November 2020. Actually, I think I remember this. Yeah, all of that is just so EuroNZD. Really? That's all I do, that's basically. Look at that. It's my bread and butter, it's my bread and butter pair. So, explain it fundamentally then. So, fundamentally, obviously, we had COVID, which hit really hard in 2020. Yeah. But in towards the latter part of 2020, then we had certain economists coming out of, so not coming out of COVID, but they were sort of like handling the whole COVID scenario much better than everyone. And everywhere, the markets everywhere were risk-off. That means, I mean, investors were obviously trying to put their money into safe havens. So, I mean, we had big rallies on the JPY and then the CHFs and everything. But then these commodity currencies, obviously, because China, which was Australia and New Zealand do a lot of business with, they sort of recovered much better than everybody else in terms of COVID. So, I mean, they were still doing it into their manufacturing and everything, their GDP was growing up and everything. So, because this commodity exporting countries like New Zealand, Australia and everywhere, so I mean, a major part of their exports are into China, are into China. It's sort of like help their economy to grow in the midst of the pandemic. And they're knowing that they sort of like handle the whole COVID scenario much better than everyone. So, we had that appreciation in their currencies. And Europe wasn't doing too well with them, just with COVID. I mean, it had impacted everybody's economy greatly. I mean, we had lots of people dying over here in the UK, in a Germany everywhere. Germany being the largest country when we talk about a Euro block, you know, it had a big impact on them everything. So, it was a case of trading like you've always thought as trade the weakest against the strongest, you know. In any case of the carry trade as well to interest rates from these countries were obviously much better than Europe as well too, because there wasn't really much going on for Europe and they had everything going on for them. So, it was a case of just basically, they being the strongest, I was shutting them against the Europe. Yeah. So, just to, I guess, a quick recap, I guess, it was pretty much because I do remember this time as well like around November. So, you had the vaccine rollout, right? So, there was vaccines were being developed, right? And I think they were coming out. So, we had more risk on because of, because the market was expecting economies, GDP, to start growing, right? Yeah. So, it was basically a case of which economies are going to grow fastest and which ones are going to lag behind. And at the time, the Europe were not handling the virus very well, whereas New Zealand had gone into pretty much zero COVID policy and they were pretty much ahead of the curve when it came to GDP, right? So, it was light at the end of the tunnel. Yes, I do remember this succinctly. So, there was divergences between GDP on the growth. Who was going to return to the recovery phase sooner? Who was lagging behind? There was that divergence there, right? Massive divergence. Yeah, massive divergence. If you go back and you check the GDP figures around those times, for New Zealand and then even for China, because a lot of things were going to China as well, too. The GDP was just increasing and increasing, you know? And it went on so well. So, it was, that's been the biggest trade for me because it was my bread and butter. Brilliant. Yeah, yeah, yeah. Brilliant. So, it's literally like, you know. Every always says, I mean, every time I bring up a Tesla, you're going to bring up Euro and ZD. And again, you raise a fantastic point, right? Because ultimately, there's two things going on here, right? So, what traders will generally want to say is, is that, well, fundamentals allows you to understand value, first of all, the fact that the New Zealand dollar was a bargain up here. And we know that for a fact because prices went down. That's what it is. Now, there are periods that are going to happen where you might get a week or two, right? So, between March to maybe April, there was a pullback. Now, traders will say, well, you know, they will try and go long anticipating, you know, trying to play both sides. But why do that when the path of these resistance is just to the downside, right? That's great. It's just when the pullback is just giving you a bit of a racist to get you, that's it. Cheaper prices. Exactly. It's just giving you cheaper prices. But where traders mess up is that they try to pick, and I was saying this again today, right? One of the hardest things to do is to consistently pick turning points, right? Probably nearly impossible to do it, you know, to a consistent level if you're doing, you know, highs and lows, right? No one tells you this. No one tells you this. This is the reason why support and resistance trading on its own and the face doesn't work. Yes, you can see in hindsight, yeah, yeah, you know what? It worked here, it worked here, it worked here. But when you try and do it consistently and buy and sell at highs and lows, or what you think are highs and lows, it's very, very, very difficult to do. Yeah, consistently. So eliminate, first of all, what the direction that you don't want to trade in, yeah? So focus on just the direction that you do want to trade in, which the trade off to that is that, all right, on the up, when prices are going against you, or not even against you, but when prices are pulling back, you're not going to make money on the pullback, fine. But it's not about making money on the pullback, it's in fact just looking to buy, like you say, for cheap. Is that a cheap area? Yes, the market agrees, excellent, made some money there. Does it pull back to that cheap area there? Yes, it does. We'll make some money here. The more times a level is touched, as we know, the less it becomes a bargain. So we buy the New Zealand dollar there. Cool. But then if it doesn't work out there, there's a stop-punt right there. There's a stop-punt. You know what I mean? There's a stop-punt. We'll get involved there, right? We just keep shorting. So when the market pulls back, you keep shorting. And then the market pulls back again, comes back to that area there. There's a little bit of a stop-punt right there. On that level, you just keep shorting. Do you know what I mean? It's just short and fits. I'm so glad because I've told this to people for years. I was shorting the euro dollar for about two years. Fits, you was there when I was there when I was doing it. There's no need to keep trying to buy and sell, right? The amount of money you make is not dependent upon the amount of trades you take. I could take two trades, make 600 pips this month, and then compared to somebody who's taking 60 trades, and maybe might only break even, right? It's not correlated. The number of trades you take is not correlated to the amount of profit you make. Just because someone's taking and day trading and taking five, six, 10 trades a day, doesn't matter. Do you know what I mean? It doesn't matter. Yes, they've got more opportunities. They're taking more opportunities, but are they taking the right opportunity? Are they taking the market's opportunity? Is the market saying, yes, that is where we think is a bargain? We know we've supplied them our strategies. We've got our fundamental analysis. Yeah, stop time. CPR. CPR. We do it on a consistent basis, right? We do it on a consistent basis, and we've been doing this for years. Fitz has been with me for a few years. Ebay's been with me for a year or so. I mean, and you've seen me do it year in, year out, right? And you're doing it year in, year out. So, guys, I want to probably wrap up there, and I just want to say thank you for doing this, for proving to people that trading 180, you can turn your trading around, right? Because many times it's really kind of sold as a scam, right? At some point, it's like, you know, trading is a scam, boys is a scam, and there are scammers in for it. Scammers, the scam is everywhere, right? Everywhere, yeah. But the actual making of money and being profitable in trading is possible, correct? It is possible. And achievable, yeah. And it's achievable. Yeah. You know, it's achievable, and you can do it with hard work. And you guys are proving that. The other guys that I've been interviewing, they're proving that. And brilliant, man. I just want to say thank you for your opinion. Thank you. Thank you. Thank you very much. And you've changed us.