#forex definition

FOREX trading is all about trading foreign currency, stocks, and similar type of products. The currency of one country is weighed against the currency of another country to determine value.

hello everyone I'm Paul Sanders and I'd like to welcome you to this special presentation with Garrett Davis now Jarrah is the only active hedge fund manager to share their techniques with retail traders let's before we get going just do a quick sound check can everyone see and hear properly okay we got a couple yeses yup seems to be working fine Jarrah is unique in the world of trading education his training is actually used by the kick-ass business school making this a unique opportunity to learn from a highly respected active fund manager so let's just take a quick look at the agenda for his presentation Jarret will be walking you through one of his most recent trades this will show you the entire process behind why it was taken and how it was managed you'll be given five steps to start trading like him he will then demonstrate how powerful the training is by showing you some successful students you will also see their verify track records to back up their success finally Jarret will be laying out his complete step-by-step guide to generating an income from your trading even if you only have $1,000 in your trading account Jarrah has also prepared an exclusive offer for everyone attending here tonight to provide a route to getting an account from his fund to trade this presentation is really exciting for anyone who's looking for high-quality trader training that's actually going to lead them somewhere if you have any questions throughout the presentation please just use the chat box to your right Jarrett will spend a few minutes at the end answering some of your questions as you type them in one of the most unique things about Jarrah is that he actually began just like you as a retail trader as he was building his very first investment business he started posting his trading performance under the Barclays hedge investment database Barclays had one of the biggest hedge fund databases in the world Barclays only accepts managers that can show that their performance has been independently verified Barclays then tracks the returns and includes them on their lists professional investors then pay to access these lists and work with the most successful managers while his managed account program was being tracked Barclays hedge ranked Jarrah as the second best performing ethics fund manager in the world over a six-year period Jarrah originally worked with a professional investment firm and offered his managed account program as a fully FCA regulated product from their base in the city of London he eventually became head of FX there and helped them expand their graduate training program his online education has been designed to follow the exact same process used in London while tailoring it for retail traders due to his success Jarek closed his managed account program with the firm to launch his very own hedge fund in 2017 Jarrah is now tracked by Bloomberg and morning star and his trading performance is audited by Baker Tilley thousands of students each year take his trader training program because of his experience and his success he created a trader training business because many people he met couldn't invest with him but they wanted to learn for themselves of course he doesn't spend his days training retail traders his trading coaches are hand-picked former students themselves that have submitted a verified track record of profitability Jarett designed his training program to be the best as you will find out during his presentation so without further ado I'd like to invite him to walk us through exactly how to start generating an income from trading so Jarrett thank you so much for being here and please please just take it away hello to everyone here tonight and of course watching on the replay and thank you Paul very much for that really great introduction we will be looking inside my account at a recent trade I will give you five steps that I follow when searching for opportunities and as you probably know I promote the use of fundamental analysis and I'm going to show you just how important this concept is take a look at this image take a look at what is on this traders screens now is this different to what you have on your trading screen most retail traders focus all of efforts on technical analysis and charts but we can see here the charts make up only a small percentage of a professional traders screen space instead he is looking at information and this information is more commonly called fundamental analysis now if trading was as simple as applying an indicator to a price chart then surely that is exactly what these guys would be doing now to illustrate the basis of all fundamental analysis I want to test your knowledge I want you to write down all of the major currencies and then next to each one right which way the related central bank will move next with their interest rates there are three possibilities either up-down or neutral now if you're struggling with this then you're going to find it very difficult to make money from trading because the way in which central bank's are just their interest rates directly influences which way the currency will move next now imagine how much easier trading would be if you knew which way each currency will be moving over the next few months when you understand why the currencies are moving you have a much better idea about when and in which direction they might move next so let's go to my account and take a look at the trade to see this in action now I'm just going to switch over switch this over to a different screen with my charts on for a second bear with me ok here we go right now the trade we're going to be looking at is on the euro US dollar and as you can see it isn't my most recent trade in fact it was a few weeks ago on the 16th of May now if we just take a quick look at the history and just scroll back to them there we go we can see this one we drag it onto the chart there we can see I'm using this one because it's really simple in terms of explaining and illustrating the concept of fundamental analysis to pretty much anyone even if you've got limited experience of using it now as you can see we dragged the trade on to the chart here I decided to buy the euro and I took about one hundred and sixty-five pips from the move now I'm gonna give you five clear steps that you can start applying fundamental analysis now and then I'm gonna walk through each of these steps as I applied them to this trade on the euro now the most important point to make about fundamental analysis is that it's so much more than just trading the news or economic data points now imagine if you bought a house before doing that you would naturally conduct a full almost unconscious fundamental analysis nobody buys and sells houses based only on the most recent housing market figures instead a full fundamental analysis is all about identifying the reasons behind why something is priced in the way that it is with a house there are many factors these include things like location the state of repair and of course your own personal preference and all of these things go into you deciding on how into how much you prepared to pay for that property now currency trading is the same right because fundamental analysis is about factoring in anything that could be identified as the reason behind why the currencies are moving and what could be driving them in the near future the main focus is always the central banks but on a day to day basis it is so much more than just that so the question here is how did I know to buy euro and what are the steps that I talked to piece this trade together now let me just switch the screen with the slides on a second here so we can go back ok so my goal is to try and make this as clear as possible even if you are unfamiliar with the fundamentals to do this I have broken it down into five steps following these steps will show you the huge potential that having an understanding of fundamental analysis holds so step one is to read the financial news now when doing this we are only looking for the major currencies that are being written and talked about at the time now to help you get started my favorite free website for this is called forex live.com now with my euro trade this article here illustrates how everyone was talking about the euro and how it would move after the French elections this essentially gave me the currency to trade Emmanuel macron won the elections in France and this was seen as a very positive sign that Europe was still together on the EU project and that the euro as a currency was safe for the foreseeable future the simple fact that the market was viewing this as such a positive for the euro gave me the idea to start planning the same trade but of course I needed more than just this so step two is to then take a closer look at what is happening with the central bank behind that currency now this is important because everything about fundamental analysis comes down to how the market thinks it influences the bank's next move with interest rates now you can start doing this for yourself by using the dedicated central bank's section on forex live.com this headline here shows that the data from the EU had been improving as long as everything stayed on its current course with the economic data the ECB's next move would be positive and that is something that would lead to the euro appreciating in value this reaffirmed my plan to buy euro and also backed up the positive mood generated from those French elections now the third step is to see how the currency is actually been moving recently with this trade everything was pointing to the euro going up so as the market was actually buying it and the price was moving in that direction then that is another confirmation if the price was falling then this requires further investigation to ensure that you are interpreting the news correctly now as you can see from this news article when I was trading the euro it was clear that the markets were of the same opinion the price had been moving higher into the French election and then it had resumed this upward move after it now all now I had all these steps lined up my next focus was on how I would manage that trade now this brings us nicely to step four and you should have a very clear idea of how you expect each trade to play out and the reason is because basically that allows you to very quickly identify when you've made a mistake and got the trade idea wrong so that's very important ok so this protects your account and helps you stay tuned in to what the markets are up to now my expectation for the euro trade was that it would most likely continue higher over the coming week or two and I based my management of the trade around this belief you can see it already started moving higher before I entered now if I was right then the Euro would either breakout above the highest or pull back to a nice level of previous buying before moving up again but either way it would rally when the price broke the high here you can see this was my cue that I were probably going to be right and that I should jump into the trading you see my entry was just around about here as the price break down so then once I was in I needed to place my stop-loss now here you can see at point number 1 the market kind of pulled back before then continuing higher generally speaking if my analysis is correct then the market won't then fall back much below those previous buying levels okay now the slight problem with this is that sometimes the market will hunt liquidity in order to fill the large orders the best way to fill a large buy order is by buying at a price where they know there are going to be a lot of sell orders because this helps them to get their order filled without too much slippage now the most obvious place in our example is going to be underneath a recent pullback swing as this is where most smaller buyers will be putting their stop-loss orders the stock losses will of course be sell orders when everyone is buying now often the larger traders will target these areas as entry points for their bigger buy order so to avoid this I simply place my stop underneath the second most recent swing point this gives me a clear stop-loss without being exposed to the risk of getting stopped early due to and liquidity hunt so I adjust must stop based on where the price is in relation to my target so for example when the price gets closer to my target than my entry even just by one pip I will cut my stop-loss in half so this still gives the trade room to breathe but at the same time significantly reduces my risk and when the price gets to within a few pips of the target I will move my stock to break-even and more often than not just Bank the pips as soon as it shows any signs of being held up I would rather take a few less pips than see all evaporate away completely now as the price moves higher as you can see my target was the one 1100 level the reason for this target was it represented a solid psychological level but I felt the market could bounce off even in the short term however as it rallied towards it I noticed that it got to within 6 or 7 pips as you can see here before pulling back and falling away at this point I had 165 pips on the board and for the sake of an extra you know 10 or 15 I decided to just close the trade and take my profits now this is important because trading will rarely play out based on specific levels and targets you need to be aware of how the price is moving and the risk reward ratios behind your next step holding on for a few extra pips the risk of losing it all just didn't seem justified so I took it off just below where this white arrow is there now the final step comes after you've closed the position one way or the other and is the most important step in trying to improve the amount of money you make this step is all about assessing your trade so that you can learn how to better take advantage of a similar setup in the future watching how the market reacted last time to a similar situation will give you a great head star the next time you see a similar trade setting up this has been the basis for my own success over the years and will get easier the more you apply the principle for me of course this process is automatic but for our students we provide some really cool tools to assist you with making sure you're assessing each trade correctly and becoming more profitable over time this process of assessment will literally be the key to you making money or not now before we move on let's just take a moment to review those steps so step one is to read the financial news and focus on the currency pair that is being mentioned most prominently step two is to clarify what the big picture fundamentals are for that pair this is based of course on what we expect the central bank's to do next step three is to identify the reason behind the latest move on the pair in question this will tell us whether or not this changes the big picture or not this then tells us whether it's a short-term trade or a longer-term trade step four is to predefine your risk and management of the trade as you enter this will help you to know whether or not your analysis was right or wrong as the trade plays out and finally step five is to assess every trade and use it to try and understand the market better this will help you to learn how the markets tend to react when similar opportunities appear in the future now this can be a huge learning curve I created my online training program to shorten that learning curve as much as possible the principle behind making money is simply in understanding what is causing prices to move at any given time and this applies to day trading but also longer-term trading around your full-time job it's also important to be very clear about what is involved when trading this way you will need to work hard and commit yourself to learning how the market works and numerous student testimonials do prove that success is possible now we're going to look closely at some of these students now you're going to see how people just like you have taken the training and gone on to make an income from it so the first student we're going to look at is called Shakti Nash axis from India and it spent two years struggling with purely technical strategies every time he entered the market it seemed like the price would immediately move against him which he could never explain basically he was frustrated he took our training in 2015 and now he's not only profitable but has had a growing trade copying business since May 2016 he is growing his account but also generating a significant income from his trading and all of this in less than a year after taking our training Shakti's biggest struggle was in having confidence to take trades understanding the fundamentals has erased this issue and he now sculpts the markets and generates significant profits on a consistent basis Steve followed a similar route to Shakti in that he launched his own trade copier business once he had generated a track record of sufficient length now what I really like about Steve story is that he actually quit his job and moved out to the Philippines so that he could enjoy a better quality of life with his family trading successfully allowed him to do this now when he submitted his testimonial in late 2016 he wasn't driving Lamborghinis or flying in private jets but he was making more from his combined trade business then he was from his previous job as an engineer Steve is actually an active member of our Facebook group so you can actually meet him and see for yourself that he's a real person building a real income from his trading his track record was over two years old when he submitted his testimonial he definitely had his ups and downs and his story and track record shows perfectly what the journey to making an income looks like in the real world but if he can reach the point where he's at now then so can you and pretty much anyone else that decides to take their learning seriously a big part in Steve's success has been in following the income steps that I will be sharing with you in just a few minutes now to keep this presentation short we will explore just one more example of the success our students have had beyond that training nick is perhaps the most extreme example of what can be achieved if you really want it in 2014 he was struggling to afford his own accommodation while studying at university after working with us and receiving our guidance and support in his trading career he built up a very successful managed account business in fact in 2015 he was given a client account of around 1.5 million u.s. dollars that year his best month saw him personally take home over forty thousand four zero u.s. dollars in performance fees his life literally changed thanks to his trading success in total he generated over 400,000 US dollars in trading profits on that client account he is now working on launching his very own hedge fund now obviously we can't guarantee that everyone will find such a large client and we can't guarantee that Nick won't ever have a losing period again but it goes to show what is possible based on what others have already achieved and all of this success came directly from understanding the markets grasping the concept of fundamental analysis Nick's story is a great example for anyone thinking that learning the fundamentals is too complicated or time-consuming and not really worth the effort you can read about dozens more case studies of former students that have gone on to become successful some are living off their training while others are achieving consistent profitability for the first time when a student shares their improvement with us we always try and back it up with some form of verification this just helps us to ensure that we are operating with integrity and not sharing any information that is incorrect at the time we are the only education business that can show so many verify case studies of success this is a very important thing to bear in mind when deciding whether or not to commit to our training program even though most students do not want their profile on public display we still have enough to be constantly adding new ones on a regular basis now in order to become profitable you need to understand the markets and to do that you need to learn how to conduct fundamental analysis our training program has been designed to help you do just that later on I'll be revealing a few special bonuses that you can take advantage of when you join that training today these are only available to those attending this webinar so make sure you don't miss them but first let's take a look step by step plan for generating an extra income from trading these are the steps that you need to take once you have become consistently profitable and our training will of course help you reach that stage so step one is to fund your account with $1,000 now the reason I say $1,000 is because this is how much you need to trade with low leverage at most retail brokers if you have some capital available then this is pretty straightforward if you don't then you need to get some when I was first learning how to trade I did a rain of jobs that allowed me maximum screen time there are no clever shortcuts but there are also no mysterious secrets money comes from hard work and determination so don't let any excuses stand in your way whatever it takes to raise that $1,000 should be your primary objective and focus now step 2 is to build up your track record with verification now I learned all of these lessons the hard way so you can benefit from my experience in the first of these is to find a good broker that is regulated fully in a credible jurisdiction trading without leverage will help you to focus on the trading rather than the outcome of each trade and the result of that will be consistent track record and of course you also need to verify your trading performance to keep costs zero you can use one of the many free trade journal sites online but by staying with a single broker it will be easier to get a credible audit done later on now you're going to need an order in the future if you want to manage money a professional level now step 3 this is the usual verified track record to generate an extra income and this is the crucial step that most retail traders miss there are many free sites that you can sign up to and offer your trading signals or copying services through people will pay to copy trades if you have just 50 people paying you 100 dollars per month each then this can quickly become a significant income stream another example is through working with us we regularly bring our students back to help our new members on a profit share basis there are many ways to generate an income from your profitable track record and the more effort you put into this step the more money you will make as an extra income now step 4 is compounding your own trading account and the principle behind this step is to plow as much of those extra income back into your trading account as possible because the combination of adding extra capital and trading that capital while increasing the size of each trading position based on how much the account grows overall is the most powerful way to grow your income this will have a snowballing effect and result in your account balance growing exponentially faster than just by simply trading a static account we have verified case studies of students with minimum wage paying jobs going from two thousand dollars to over fifty thousand dollars in their trading account in two years by following this principle of compounding now I have follow this principle myself for most of my career and still do to this day the numbers of course just get bigger when you follow those steps your trading account will grow rapidly to the point where you're trading large enough positions to live off trading alone by training with us first you also have the extra benefit of our support once you reach the stage of consistent profitability your success means our success and we have a huge community of retail traders looking for things like trading signals and the opportunity to learn from traders like them that have achieved trading success I now want to offer you five bonuses that you can take advantage of when you sign up today the first of these is a way to remove some of the risk from you by giving you complete confidence before you sign up and to do this we're going to conduct a full tour of our training program so let me just switch to the other screen now so that I can take you through our training site so just bear with me while I get the right screen here okay now after you sign off within about 15 minutes you're gonna get your login details emailed to you so when you click that link you'll come to this page this is where you log into the membership when you do that you will access the member the Train area which looks like this now as you can see here that all of the content is very easy to navigate because it's caused along the seven tabs at the top now we're just going to work from left to right through the tabs to explain what they are and how they will help you to make an income from your trading so the first tab is start here this is just simply a video that you watch to basically orient you around the membership and most importantly highlight the really really most important sections that I don't want you to miss okay so that's just that one now if we move to the right we've got the compact course now the compact course as you can see is ten ten videos you can see down the left hand side here every tab contains sub content and that sub content will be housed along the left-hand side like this and as you can see here the compact course has got ten videos and this is basically designed to give you a beginner's introduction to trading with fundamental analysis so it's designed that anyone could understand it simple to understand language each video is only ten to fifteen minutes long now you'll also notice that and this applies to every video as you go through and watch it you can mark the videos complete when you do that this just helps you the next time you log in track your progress through the training and of course on each and every training video you can ask a question if something doesn't make sense now the really cool thing about this is that this allows me to actually personally interact with you because I check this you know every week when I get time and I like to personally interact with everyone on each video and so the benefit is you get to interact with me you get to watch the video and then underneath you end up with this big Bank of question answers that really fill out the training that the video provides now we'll remove will move from left to right you can see there's a daily forecasts section now as you'll hover over this you'll notice that this drops down into a tab called swing trading around a job now if you're a day trader you're gonna want to follow and click on the daily forecast tab because this is basically an a forecast for each session the strongest and weakest currencies best currencies to be trading best trading setups for the London and the New York trading session – written forecast that you can follow every day if you have a full-time job then you're going to be interested in this tab which is swing trading around a job because this one just lets you follow one of our profitable traders on a trade by trade basis so as he posts his long term trades he'll post his entry he stopped lost his target and also a little video or a screenshot explaining the trade so you can see in more detail in plenty of time for you to follow along as well so this section here is basically where you get to kind of follow our analysis as we either day trade or help you swing trade around your full time job the Central Bank section is another cool section this is where we monitor the central banks and you can see we've got the on the left hand side we'll have the eight majors central bank the eight major currencies and you'll see for each one we give the fundamental long-term bias we give the current short-term sentiment and then we give a nice summary of all the economic data how you should interpret it and then finally we do a written analysis that basically helps you put all that together and interpret which way if the currency should be moving based on what the central banks are doing right now and what they're expected to do in the future so you don't have to worry about doing all that complicated analysis with the central banks because we do all that for you now the next tab is the advanced training tab here now you can see this tab has a drop down menu as well but this one's much more substantial there's nine sections in the advanced training course now the first six sections as you can see here are designed to go really deep into things like fundamental analysis technical analysis risk management trading psychology just to give you an idea of the psychology the quality this isn't this section isn't actually hosted by me instead we invited the the top trading coach in the UK Steve Ward he works with the top ten investment banks and hedge funds in the UK in fact all over the world and he works with them on the tree works with their traders on performance coaching okay and we managed to book him to come and do an eight-part webinar series for our membership while ago now but we recorded that and we basically put this as part of the training program each of these videos is an hour long this is absolute gold when it comes to mastering your trading psychology and making money now then you can see we've got developing your trading process and we've also got just a couple sections I wanna highlight from section 7 onwards this is where we really encourage you to apply the information you've learned so it's not just learning we really help you apply it and the way we do that here is by so for example I will in section 7 I will take a trade and then if I think there's a good lesson in it I will record that trade like as a trade example like we looked at one tonight and I will that you'll be able to see that I took it it'll be on the account you can see it dragged onto the char so you know it's real and then I will walk you through the trade step-by-step to show you exactly why and how that trade was taken using the principles that you've learned in part of the training program section 8 is really cool because it's exactly the same principle except we invite our former successful students to do the same so you get in a different angle rather than just from me all the time you get a lot different and all the different students come back to post their own trade examples and we do that on a regular basis so you can kind of get that information post it to you and then of course section 9 is just we invite some former students back to kind of explain how they trade on a deeper level so that you can use that information to become profitable yourself now the next tab is a live analysis this is where we schedule all of our live real-time trading analysis events you'll be able to see that every week what we've got coming up sometimes we just trade the London session or the New York session sometimes we trade a specific risk event like FOMC or the ECB if you think there's an opportunity to make money but whatever it is it's live it's real time and you can ask questions as you follow along with the trade it's not just me that we've got a great team of trading coaches that do this every week all the recordings are there so if you join today you can still take advantage of all the recordings and the events that were taking place months and months ago and then of course we've got special mastermind events as you can see I did a mastermind recently Nick the student we looked at in the case study he does a mastermind with us and this is intense this is like a week or a few days of real-time trading everyday trade by trade you can follow over the shoulder of the trader and really and ask as many questions as you can to really get to grips with how they make money from fundamental analysis this particular section as a whole is absolute gold as well in terms of you applying and mastering the fundamentals now the final tab is boost profits and this is just an opportunity to take advantage of a special offer we have negotiated with the london-based analysis firm of rams quark so rants quark have basically offered all of our members a two-month sorry two weeks 14 days 2 weeks completely free trial you don't even need a credit card to take it you just fill this form out you get access to a free trial and then if you decide to take up that their news feed you get a range of discounts that are not available anywhere else now one of the discounts is equivalent saves you the equivalent of the cost of our two-month training program so essentially if you take the news feed that most of the professional traders use so if you just use the news feed here through us it works out that the training is actually free so it's just a really cool feature now the final section is this little orange chap down here as you can see it opens up and you can open a little conversation here and you can type your messages etc now this basically connects you to our team of trading coaches when you sign up you will automatically be assigned to a trading coach you can work with him every day to bounce ideas off get a second opinion on your trades or even ask for their analysis on what the markets if you're struggling to understand what's going on these guys again are the next link to help you apply and turn the training into consistent profitability we want to give you everything you need to do that and this you can access your trading coach through this little orange chap here so hopefully that's a complete tour of the membership that's everything you're gonna get so now that you've got this kind of transparent view of everything you're gonna get when you sign up that will give you a lot more confidence because you know exactly what you get on the other side now let me just go back to the slides now to completely remove risk we also offer a simple 14 day no questions asked money back guarantee this is for if you realize that you don't want to put in the required work to become successful this is your cast iron guarantee in case that applies to you this is supported by the option to split the payment in half when you click the button to sign up you will have two options available the first option is to pay the standard 997 fee this is the cheapest option available saving you $97 the second option is to pay just 547 today and then another 547 30 days later this gives you the ability to sign up for almost half price while at the same time being fair to everyone else so these three things the tour the money-back guarantee and the split pay option are designed to remove all of your risk the next two bonuses are designed to give you clear incentives to succeed the first of these is a free call with a profitable trader this will give you a real boost at the very start of your training with us you can access the call at any point after you join take it right away to help with your orientation or after a few weeks when you've identified where you need the most support simply contact our support team to request your call whenever you ready the second bonus is access to our funding ladder you can trade my money to help you generate an extra income and develop your own trading business this is a great way that we can utilize the fund that we have at our disposal to help incentivize and new students coming through so let's take a look at how this works to qualify for the funding ladder you will need to have joined our training through this webinar you also need to have a minimum of six months profitable performance on an account size of $1,000 or higher now I'll be looking for a minimum profit of 12% with a maximum drawdown of 10% the drawdown will be measured peak to trough from the high-water mark point we will also prioritize anyone that has already started using the steps we looked at earlier to generate extra income through copy trading or selling signals this demonstrates that you can handle the pressure of trading other people's money now your track record must be achieved without the use of leverage on any position if you have $1,000 in your account then each trade should be placed with a maximum position size of 1 micro lot this means that very roughly 100 pips will equal 1 percent of your account this gives you plenty of room to trade without worrying about hitting your 10 percent drawdown limit your ability to make money over sustained periods of trading is far more interesting to me than large profits over short periods of time now we will begin with a $10,000 account the maximum account you can trade right now is 250 thousand US dollars we will increase the balance every three months roughly doubling it each time as long as you sustain your performance you'll receive 20% of the profits you make on a high watermark basis as long as you do not drop to the 10 percent drawdown level you can trade this online from any location you will be expected to trade your own money as well as this makes sure that you experience the same relative risks that we do your trades will then be copied onto one of our accounts which of course you'll be able to monitor also now you may think that trading for me full-time sounds really appealing right now but I can assure you that once you have a solid record and without you getting audited correctly the temptation to build your own business will be strong this is perfectly normal and exactly what I have done myself my main goal here is merely to help you generate an income and then build out your business in whichever way you want at the time this funding ladder is very clear and the steps are easy to follow all you have to focus on is working hard on the training and then producing that initial six-month track record we will help you with everything else okay guys so if that sounds appealing then the next step is to sign up for the training program now using the link that you can see below this presentation window you'll be taken to a page that gives you the two payment options select the one that you prefer and you'll receive your login details within just a few minutes remember if you have any questions or problems there is a chat box on the page and a direct link to our support team they will help you immediately with any issues that you may be facing these bonuses will expire so if you do want to take advantage of them you need to sign up now I can also see some questions coming in now I won't have time to answer them all but I'm just going to spend a few minutes going over the main ones anything I don't get to please do direct to the support team now let me just get the chat box up one of our screens here so I can see them and I think I've got it right let me just scroll through I'm gonna go through back to the top and I'm just gonna you know answer the questions as they've been typed we just turn through some of these James how many traders will who's asking how many traders I was ranked against I presume that's the Barclay hedge ranking I think there's about 140 traders in that category the category was FX fund managers so people managing other people's money trading currencies between five and ten million dollars managing between five and ten million dollars so I was managing around eight million dollars at the time and there was about I think in that category there's about one hundred and forty different traders that were kind of in there basically so it wasn't it's not like you know out of every trader in the world because you know for example there's I'm sure there's people that sat in their houses trading a thousand dollar account that are making like you know one hundred percent a month or something ridiculous obviously it's apples and oranges so just to clarify that it is fund manic people managing other people's money between five and ten million dollars and focusing on FX rich was the firm's smile yeah that's the firm I used to work up as a phone called smile smile Global Management he was a part of a bigger firm larger firm called IP em and I worked there for a few years that's where I ran my managed account program yeah it was that one Rand is at the Bloomberg terminal yes the image is sure that the guinea I think it was when Paul's doing his introduction what basically that's where my performance of my fund is tracked in Bloomberg so if you've got the terminal you can search for the the fund there and that's where my performance is updated and that's where off of say I'll look for kind of new investors Sam your good question can I score can we see the coaches track record before we join yes of course just all you need to do is email support and say you know you'd like to talk to one of the coaches and I'll get on a call with you they'll walk you through them they're my earth expect book track record or whatever it is you want to see you know however they do it and there's different ways to verify an account basically they'll walk you through that so you can see it before you sign up and you know you can be totally comfortable that's fine just just contact support okay Seth do we only need to use them make the eight major banks you can you can basically study whoever you want like if you want to go and trade the Russian ruble or the Turkish lira you can do that personally I only trade the eight majors just it's simple and there's more liquidity you know that trading Russian ruble you're gonna get a lot of volatility right there's gonna be a lot of volatility it can be a bit hairy oh I wouldn't I don't trade that I would recommend you stick to the eight majors you don't have to do it's not a rule but it's just a strong recommendation okay I'm just gonna scan through some of these questions cuz I'm just gonna I know every one at a time bill do you take trades where your stop is bigger than your target and do I take trades where my stop is bigger than my target I do sometimes and this comes back to a lot of people kind of think you know you need a risk reward ratio you need to you know be making two on your winners and losing only one on your losses and all this actually that doesn't really mean anything because if you if you enter a trade and you've got a thirty pit stop and a sixty pick take profit that means nothing in you know in terms of whether or not you're going to make money on that trade right I prefer to base my management of my trade on my conviction so if I think to myself so let's say some things come on the news squawk some things just happen then I think I can Nick a quick 30 pips out of it I'll just jump in and I'll just put my stop-loss out the way so sometimes that I mean a 50 60 70 pips stop just to put it out of the way under a low or something just so it's kind of you know gonna kind of escape the volatility but you might think well that's like two to one against and that's true if I if I kept doing that but the point is I there's a very high probability of that particular trade winning in that moment so it's all based around my conviction levels for the trade if I think there's like you know a 95 percent chance of the trade winning then of course I can afford to go a little bit more risk with my risk reward ratio right if it's kind of a like a you know a 60 percent trade where I feel like it it's got a good chance of winning but you know it's not as high conviction then of course I'll you know manage my stops in relation to my targets a little bit better hope that makes sense laking what does a verified track record mean it's a good question what does a very vital community it means that there is some kind of third-party verification so for example it's not just so with the student track records it's not just them saying oh yeah I've made X percent or I've made a profit for three months so we asked for some kind of third party so we used you know many students you starts like myfxbook or there's loads of sites where you can plug your accounting and just kind of get an overview of the track record you've produced now things like my effects bakken on those online things they're not investment grade verification so if you wanted to have a money management business you know FCA regulated like I did you're not going to be able to you know you're not gonna be able to do that with a my effects book trailer I could imagine walking into you know goldman sachs trying to get investment and popping up my textbook link you know there's a there's a different levels right but for a testimonial yeah Marv FX books perfectly fine you know it does the job it's kind of thing that you know myfxbook and those online things are kinda thing the most most normal retail traders couldn't really cheat it's pretty pretty solid for what it is basically but of course if we were gonna you know if you're going down the road of Toronto you know get a hedge fund to investing you know locked so for example I've got a fun now if I was trying to get another hedge fund to invest in it which is one of the things I do the last thing I look at is my textbook you know I'll just get laughed at the building so depends depends what you're looking for but essentially it just means it's somebody else other than you or the trader has checked it and can kind of confirm that the results are real King where did Nick find the client so so basically this is a beautiful thing about the culture we've developed him talked about this in the presentation like Nick came back so he keeps saying whether what he came that the training went away had its profitable track record then he came back and I said look you know what do you want to do and he's he wanted to manage money profession he didn't want to do trade copying he wanted to go to come manage account fund level and so I said okay well you know he came back to do like kind of coaching effectively he was like I'd only do trade cop him but I would love to do coaching and just give me an income while I'm building my first you know he's the first managed account business so that's what we did great analyst Nick is a great trainer to follow and the client came from he was actually doing the chat support inside the membership helping our members and the client was actually came from one of our members so he got a 1.5 million dollar million managed account from inside our membership and he got another client Middle Eastern client from that too so he actually got a lot of money manda management just from coming back to work with us so again it just goes to show you know we want we want to cultivate that so we want you to come back I can't guarantee you're all gonna get you know a million dollar account but when your training is done we're gonna have you back you know we'll try and work with you to help you in any way we can whether that means just exposing you to our members whether it means you know helping you build your business making some connections whatever it is promoting your trade copy if that's what you want to do that's the kind of culture we it's kind of a really good illustration of the culture we trying cultivate here I can skip some of these neato how much does an audit cost it really depends it can cost anything from you know three well I'd say about $5,000 to about $50,000 right so for example with my managed accounts it cost between three and five thousand every year for my managed account in the early days I used to get a third party CPA to do it a small firm but they still charge between three and five thousand dollars depending on the scope now for example for the fund my audit costs I want to have an add one yet obviously mom in my first years I do this webinar but end of 2017 my first audit with Baker Tilly will cost between ten and fifteen thousand dollars so that's why I kind of say use the online sites initially you know if you're only trading a thousand dollar account there's no point spending you know ridiculous I'm at someone in an audit but they do they are expensive but there is no expensive you because they're credible and they are they're watertight essentially you can't kind of fake an audit David how long would you say it takes an average student to be living off their trading alone good question um I mean look we've looked at casing that trying to answer that question is really difficult so what I do is I just kind of bring it back to the case studies right so I don't say uh I don't speculate myself what I will say is well this student did you know this student has done it in this X period of time this student at inexpert I'm like we've had students like you know six months you can you can as long as you've got a track record if you can build a track record six months we've got case studies on the site of people that were profitable within the first six months nice track record you can then launch your trade copy and business that can be bringing you an income you know and that can grow within a few weeks really depends on how much exposure get again comes back to the culture if you've got a trade copying business with with a six on the track record you come back to us will happily promote you because of you a successful student will promote your trade copying and you probably get lots of people signing out you know we've got literally tens of thousands of people on our list we've got tens of thousands of people visiting the website every month but exposure can very quickly get you to the point where even just your trade companies bringing bringing you a really nice income so let's say you're trading a thousand dollar account but you've got like you know hundreds of people following you and you're making five or ten grand a month from the trade copy and fees there you go you know even though you're trading a small account I mean that will be in the open people won't sign up they will know how much you're trading before they sign up but most people you know that's most people wouldn't be put off by that if you're only trading one thousand dollars US as long as it's open so quite quickly the short answer six to twelve months potentially but again it depends on the getting that you know understanding the markets getting that track record ok guys I'm just gonna I'm going to try and speed things up because because the time is really now what happens after two months after two months you can you you leave that's done your trainings done you've got everything you need to become profitable however some people do like to stay after the two months because we do a lot of live events we do a lot of live trading we invite successful students back and a lot of people just like to be part of the community and in for that you can basically stay for like um a small monthly fee so we let you we let you you know stay for just a small monthly fee if you want to do that but there's no need I mean the way we've designed is for that that isn't necessary it's just people do that because they like it now we just cross thro Voight will be trading your money your clients money it will be my money initially however the way a fund works is it's the funds money because you know I'm an investor into the fund technically and any other investors have also invested into the fund so essentially you're trading the fun money okay so it's not just my money but it's one in the same things I'm an technically an investor into the fund the way it's structured and the reason I do that is because obviously you know if I'm trying to get other people to invest it's better to have my interest in that fund I would never ask anyone to invest in anything that I wasn't also you know risking my own money in okay guys I'm just gonna speak this stuff Alice why start solos presume we're talking about the 20% um well 20 but it's not low I don't think I think it's pretty you know it's a nice chunk and look you know it's negotiable if you if you do well for you know six to twelve months and your key trade in the account you know we can up that to thirty you know the money management fee for professional traders like me my fund I only charge thirty percent right so it's kind of gotta be it's gotta kind of be realistic so twenty percent was just a figure we came up with owning is that low but you know to you the goal of it is just just help you get an extra income so you could one trade copying you could do a bit of you know education you do a bit of analysis do some events with us and you could trade my account you know you've got three or four income streams coming in that's the whole point of it the reason we started our ki thinking about the $10,000 start the reason we start with 10k is just because we did this before and we actually I gave people a hundred care accounts and 250 K accounts and actually a lot of them just struggled with the pressure all of a sudden they're managing a huge amount of money which is a huge amount to them and they just couldn't handle it and then we ended up with losses it wasn't a disaster but it was just like you know we need to think of a way we can do this where it kind of works obviously for us we want to we want everyone to be profitable when they're trading our money but we also kind of want to do it fair to you right so the psychology is a big thing so we start with ten your immediate under pressure you trade in other people's money but you know if you have a loss it's not it's not something that bad and then every three months we assess and we kind of build you up you know check the general rules will double it every three months so we'll go from 10 to 20 20 to 50 50 to 100 that kind of that kind of and the maximum will generally be about 250 essentially as we said as the fund stands right now we can afford to kind of go to a maximum of around 250 K per student assuming we get like a healthy number of students but of course if you absolutely smashing it you know there's no I don't want to put a cap on it but that's just a rough guide yeah okay that's a couple more Tang bo what happens if we use leverage once or twice if you decide to use leverage I'm not gonna say that you feels like wouldn't you're gonna get banned anything like that but we like the rule is we don't need to we don't use leverage there's two reasons for that first reason is to avoid someone just taking a punt so open account open a long Eurodollar maximum leverage holding it you know boom there you go there's you 12% one you know that kind of that kind of little hack that could potentially be done so if you don't have leverage you can't do that you've got you the only way to get to that to a percent is by trading and making pips the second reason is just because if you use leverage you expose yourself more to kind of losses and which can be damaging to your business so it's kind of a win for both basically and just one more okay Carla just will just go this one last one cuz we've gone to 15 minutes we've gone over how do we apply to come back and work with you after the training right so the way you come back and apply it to work with me after the training is very simple you just you get you track record verified somehow if you wanna get an audit that's fine or if you want to hook you up to my effects book or any of the other online journal sites that's fine do that email support just go to the website email the support team very simple and they will be more than happy to help you with the next step and they'll bring you through okay it's very very simple so that helps guys I can see lots of more questions coming in I really apologize I wanna keep this presentation to around an hour we've already gone over that so we're going to end it there if your question hasn't been answered please use the orange chat app and contact support the orange chat app is on this page underneath this presentation hopefully and if you click the button to sign up you'll so be on that page as well and of course it's on the main Garrett Davis comm website so wherever you go should see that orange chap just use that to ask your question to support and they'll help you as quickly as they can okay guys thank you very much for attending I really appreciate this it's you know the the amount of people that come to these things is absolutely fantastic really really you know thank you very much for attending I hope it's been useful to you hope you've had some little tidbits of information they're going to help you in your own trading and of course hopefully I look forward to working with you and seeing you inside our training program very soon cheers everyone

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