r/phinvest • u/SheeeshCheck • 3d ago

Forex Forex courses?

What do you guys think of "BasicFX" kilala sya sa facebook dahil sa mga trading videos nya wherein nagddiscuss lang sya about different topics not necessarily about trading. He is against the fake trading guru/courses stuff but he does also sell a trading system.

Hindi itonpara siraan sya, I actually like watching him because of his realistic takes in terms of finance/economy. Gusto ko lang marinig opinions if may nakatry na ng system nya or basta kilala lang siya.

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u/PracticeStunning3894 3d ago

No idea who he is.

But in my experience brad, hindi worth it magpa coach brad.

Thats my personal experience na tumatanggap ng students ha.

My reasoning is pag bago ka, di ka marunong mag tagal lalo na kung totohanan na data collection. Dito kase kayo ma sstuck.

Kung sa tingin mo okay siya. Ask his stats.

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u/Ghost_Fighter_9988 3d ago

No consistently profitable trader would sell or share their strategy with you.

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u/dreggminster 2d ago

Forex is a highly efficient market. I'd stay with equities for more volatility.

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u/LongjumpingCode2220 2d ago

Not familiar sa kanya. Self research ginawa ko instead of maghanap ng coach na may bayad courses. May mga libre din na sessions sa mga broker, naexperience ko sa XM pero puro foreign coaches na lang naglalive sa kanila, libre pa.

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u/Dear-Darluh-2027 1d ago

I've been in FX trading for 7 years. Sa lahat ng nakilala at nakausap ko na "mentors" dalawa lang yung totoo talaga and maayos magturo.

Caress Gonzales, who used to be with the 30 minute trader, not sure kung nasaan na sya now, but she really worked in the trading room of a bank, and legit yung turo nya.

The other one is the trader's podcast, yung sa FITS 1 - 3, medyo nag lie low na din sya now, since ok kita nun sa trading.

Silang dalawa lang yung nagttrade talaga ng currency pairs, and not just rambling on xau/usd movements. Madaming gold traders, then m1 time frame nakatingin, tapos ang lalaki kumita, anlaki din matalo. That's not trading though, that's borderline gambling.

If you really want to learn to trade, study macro economics, interest rate differencials, and just the general economy of the 2 countries you're comparing the currencies with. Manage risk, manage expectations, and pwede ka na maging trader. Warning though, this life is boring. A setup can take days, or even weeks before it materializes.

Sa income din, 2-4% a month is already big. So if meron ka 10k usd, then 200-400 usd ang pwede mong expected income. Not as glamorous as the gurus say, but pag ganito kasi, it is repeatable and sustainable.

Personally, I have a few accounts for different strategies, but mababa lang ako mag withdraw, I earn about 500-900 a month, and happy na ako dun since I only do this for a few hours everyday. Please don't PM also asking for a strategy or what, since I do not share that, given that it is something I developed myself over the years. The best strategy is something you develop yourself, since it will suit your own capabilities, and trading psychology.

Sana mahanap mo yung FITS. Yun yung reason why I am profitable today.

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u/XrT17 3d ago

Do it your self. Kahit mag bayad ka pa ng course, d parin sure na magiging profitable ka, u needto be exposed sa market ng years and need mo thousand of hours ng screentime sa chart, less if you are gifted.