I’ve gotten thousands of questions since the material began in early 2018. Today, most of the questions I get are dumb ones, because I have already answered it in another video, and the person asking the question is just being impatient. These questions always get ignored. Go look at the comments section in any of my YouTube videos, you’ll see what type of questions I’m talking about, they’re everywhere.
“Does this work for stocks too?” — I made a video about this, with the word “STOCKS” in big letters on the thumbnail.
“Can I use this on the 15 minute chart?” — I’ve made lots of material on this.
“How do I read the ATR indicator?” — By typing this question into Google.
People are just impatient and lazy, which are two character traits that will get you killed in Forex trading no matter what I tell you, so these questions always get ignored, and for good reason. This website and my YouTube channel have search boxes you can use to look up any topic you want.
But at the end of the day, No Nonsense Forex was created for those who want to treat this like a college course and complete all of the material before moving on. Using the hit-and-run approach here is a bad idea and a waste of your time IMO.
If you want to get started the right way, this site’s homepage is a great way to do just that.
Below are some questions which I do get asked often, and I did not answer in a video or podcast episode, or maybe I didn’t feel like I did a good job covering the topic thoroughly, so I’ll just do it here.
“I think I saw you on <insert social media handle>. Was that you?”
These are my only social media handles:
I don’t have any other media channels apart from those two and this website. If you see any others, it’s an impostor, and please let me know about it.
There is our Discord Forum, which is where you go only when you’ve finished all the material, that’s why I didn’t link it here. There is also a Facebook trading group dedicated to No Nonsense Forex, but I’m not on Facebook myself so I can’t reference it.
There is a conference we’re putting on for retail traders, one in the UK, one in the US, you can find that information HERE.
Outside of that, you may have fan-created channels or sites which reference some of the material which is perfectly okay to do, but I personally have nothing to do with those places.
“Is all of this information still relevant today?”
Absolutely. Concepts, recommended brokers, tools, methods, all of it applies now, and should for a very long time. If it ever doesn’t, I’ll make the appropriate changes immediately.
“What microphone are you using?”
It’s the Audio Technica ATR-2600. It’s around $60 on Amazon. I’ve been so happy with it, I’ve never felt the need to upgrade.
“What indicator settings are you using on <insert video>”
If you don’t see me go in and tweak the settings on the video, I’m using default settings always.
“When’s the book coming out?”
Can’t say. I’ve never written one before, I don’t know all the processes you have to go through to get it to market. It should be ready to go sometime this summer, but then I’ll get to go through all the steps of putting it on Kindle, whether that part is quick or not I don’t know yet, so we’ll see.
“I see sometimes you use bar charts, and sometimes you use candlesticks. Which one is better?”
There’s really no difference. I use bars in my trading, but people were saying how they had a hard time seeing them on their screen, so I switched to candlesticks to make it more visible, that was all.
“In Episode 7 of the podcast you talked about trading equipment. Do you have any suggestions for computers?”
The cheaper the better, you don’t need a lot of memory to do this, it’s all very two-dimensional. Browser, MT4, and spreadsheets are really all you need here. But again, you will need more than just a phone. Sorry, that’s just how it goes, I can’t do anything about it.
“You said before you don’t mess with crypto, but now you do. What am I supposed to believe?”
A lot can happen in two years. I’m a money guy at the end of the day, and I think it’s important to know as much as you can about what’s out there available to us. I went in deep on crypto, and liked what I saw. Always be evolving.
“How can I donate to you for your work?”
You don’t have to. I’m good on money. Notice how the site and my podcast has never had ads or sponsors. You almost never see that.
I have made the move and hooked up this website, my Twitter handle, and my YouTube channel to Brave Browser now, so you can donate Basic Attention Tokens if you want to.
“Can you make a video/podcast on <weird indicator that I like>?”
No. I have never taken requests, and still don’t. Plus, the podcast ended in January 2020, and I rarely put out new videos anyway. This question is very specific to one or two countries, it’s a very strange phenomenon, but they ask it all the time.
“So what do I do if my C1 indicator is doing this, and my baseline says this and my volume….”
You just need to test it out instead of asking for short-cuts.
These scenarios you’re talking about cannot be happening too often, so going back and testing different approaches should take very little time to do.
“You mention bourbon a lot. Any favorites?
Of all time? George T Stagg Fall 2015
When I’m out and about – Bakers 107
Cheapie – Wild Turkey 101
Yeah, I like the hitters. I do drink a lot less than I probably let on — twice a week tops.
“You mentioned a new YouTube channel coming out in the last podcast episode. Any progress?”
No, and it’s because of the current market conditions, and the overall landscape of the particular market I want to discuss on the channel. I’m delaying it, reluctantly, but it’s still in the works. Stay tuned.
“Do you think Forex trading will be around forever?”
Fiat currencies are already on their way out I think, but it will be a very long process, and you will still be able to trade the value of one against the other for much longer than that. There are entire countries which have banned cash, but you can still trade their currencies on the spot market just like you always could.
Just to be safe however, make sure you’re using your time wisely and also learning how to trade things which aren’t going away ever like metals, oil, indices, ETFs, etc.
What you learn here is a transferable skill which you can use in many markets. But I think we as FX traders are pretty safe for the next decade at least.
“I lost all of my money in Forex, and now I am broke. Can you please help me and loan me some money so I can…”
Fuck off, no, stupid question. I’m not a bank, and no bank would be dumb enough to give money to somebody who just took a 100% loss. I did it myself three times, and that version of VP didn’t deserve a loan or a hand-out either. You can either go slow and learn the right way to do it, or come to the realization that you were not cut out for this. This question is region-specific too. Something in the water I guess.
“Can you make your videos shorter/look different/talk faster?”
95% of the videos I plan to have on this channel have already been created. Even if they weren’t, I cater to a certain type of trader/investor/person, and you are probably not it.
If anyone out there wants to be a video creator in the future, my #1 piece of advice is to make the type of videos you would want to watch, and the right people will come. And if you’re lucky, the ones you don’t want will eventually go away and go muck up somebody else’s channel. So far, so good.