WEBVTT - EYL #157 The Truth About Forex 0:00:00.040 --> 0:00:03.600 An illegal alien from Guatemala charged with raping a child 0:00:03.680 --> 0:00:07.480 in Massachusetts. An MS thirteen gang member from Al Salvador 0:00:07.720 --> 0:00:11.840 accused of murdering a Texas man of Venezuelan charged with 0:00:11.920 --> 0:00:15.840 filming and selling child pornography in Michigan. These are just 0:00:15.920 --> 0:00:19.680 some of the heinous migrant criminals caught because of President 0:00:19.720 --> 0:00:20.159 Donald J. 0:00:20.239 --> 0:00:21.200 Trump's leadership. 0:00:21.480 --> 0:00:25.079 I'm Christy nom the United States Secretary of Homeland Security. 0:00:25.440 --> 0:00:29.200 Under President Trump, attempted illegal border crossings are at the 0:00:29.240 --> 0:00:33.080 lowest levels ever recorded, and over one hundred thousand illegal 0:00:33.120 --> 0:00:36.920 aliens have been arrested. 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At 0:01:27.720 --> 0:01:30.800 our university, we use instructors that are currently successful in 0:01:30.880 --> 0:01:33.440 specific field that they teach, and they teach. 0:01:33.240 --> 0:01:34.760 You how to become an entrepreneur. 0:01:34.840 --> 0:01:38.720 For a limited time only, you can join EYL University 0:01:38.800 --> 0:01:42.360 for twenty five percent off of the annual membership. Learn 0:01:42.400 --> 0:01:45.760 about stocks, credit, real estate, crypto and more. Go to 0:01:46.040 --> 0:01:50.040 eyluniversity dot com right now and sign up to become 0:01:50.080 --> 0:01:50.480 an earner. 0:01:50.520 --> 0:01:52.600 Don't wait, don't hesitate it over there now. 0:01:54.320 --> 0:01:58.280 My graduates from my school being false back and drop 0:01:58.920 --> 0:02:01.840 thanks rop Mike, drop back drop. 0:02:13.000 --> 0:02:16.640 All right, guys, welcome back e y L. This is 0:02:16.639 --> 0:02:20.120 a follow up from the legendary invest Fest yeah that 0:02:20.160 --> 0:02:21.840 we had, so you know, we had a start started 0:02:21.880 --> 0:02:25.120 lineup at invest Fest and one of the people that 0:02:25.320 --> 0:02:28.880 was gracious enough to be a part of Investmentest was 0:02:29.280 --> 0:02:32.600 Jessica Lane Jessica is somebody that we know logan for 0:02:32.919 --> 0:02:33.320 what's that? 0:02:33.480 --> 0:02:37.480 What's Jessica Lane? Remember the phase remember the name. 0:02:37.480 --> 0:02:41.079 Period that's around with us? 0:02:43.200 --> 0:02:46.560 Yeah, we connected a while ago. I think Jason this 0:02:46.639 --> 0:02:50.639 is two weeks out person that introduced us really originally. 0:02:51.680 --> 0:02:54.720 But long story short, Jessica hosted a dope panel for 0:02:54.840 --> 0:03:00.880 US on building investment platforms, and it was really dope. 0:03:01.040 --> 0:03:03.280 And part of that panel was, you know, of course 0:03:03.320 --> 0:03:06.040 Mike sim shot out to him, who's hedgepoint manager in 0:03:06.080 --> 0:03:10.919 Atlanta and he specializes in four X. So Jessica actually 0:03:10.919 --> 0:03:13.520 has no MIC for a long time, and she actually 0:03:14.080 --> 0:03:16.600 is a four X investor in herself. And this is 0:03:16.600 --> 0:03:18.520 a conversation we've been having for a long time. We 0:03:18.600 --> 0:03:20.880 did one episode on four X before a shot out 0:03:20.919 --> 0:03:23.800 to Justin. But it's not when you look at like 0:03:23.840 --> 0:03:25.840 Market Mondays, so if you talk about stocks every week 0:03:26.000 --> 0:03:28.120 and crypto, we've been talking about crypto a lot. Also, 0:03:29.080 --> 0:03:32.360 you know, one episode out of one hundreds that we've 0:03:32.360 --> 0:03:35.800 had from when you combine Market Mondays and Earn your Leisure, 0:03:36.400 --> 0:03:38.080 a lot of people just felt that it just wasn't 0:03:38.160 --> 0:03:41.320 enough just to cover the wide variety of different strategies 0:03:41.400 --> 0:03:44.360 and just you know the depth of it. So we 0:03:44.520 --> 0:03:48.480 always can spend the block back and cover topic again. 0:03:48.960 --> 0:03:51.160 So and it's dope to have a female perspective. 0:03:51.200 --> 0:03:53.120 So having a woman investor is powerful. 0:03:53.520 --> 0:03:56.200 Yeah, so she's she's been killing the game. Like I said, 0:03:56.200 --> 0:03:57.800 she was on invest Fest stage in front of four 0:03:57.840 --> 0:03:58.840 thousand people. Killed that. 0:03:58.960 --> 0:03:59.520 Thank you for that. 0:04:00.400 --> 0:04:02.800 So we're gonna have a dough conversation about her journey, 0:04:03.240 --> 0:04:07.320 four X trading, how people have misconceptions about four X, 0:04:07.400 --> 0:04:10.280 how you can make money on four X, and a 0:04:10.320 --> 0:04:13.040 variety of other different things. So, first and foremost, thank 0:04:13.040 --> 0:04:13.560 you for joining us. 0:04:13.560 --> 0:04:17.720 Appreciate it absolutely absolutely for sure. Investments was amazing. 0:04:18.400 --> 0:04:22.080 Thank you, thank you, thank you. Shading Atlanta. You're from Atlanta, right. 0:04:22.160 --> 0:04:28.720 I'm born and raised was the greatest. That's my whole 0:04:28.760 --> 0:04:30.839 life in Atlanta, and then I graduated from Spelman, Like 0:04:31.080 --> 0:04:32.479 I'm in Atlanta. 0:04:33.120 --> 0:04:36.240 Okay, you the whole Atlanta through going through shoutus Atlanta 0:04:36.240 --> 0:04:38.760 that's like our second home. Oh we got so much 0:04:38.800 --> 0:04:41.120 love out in Atlanta, so many people, so many connections 0:04:41.160 --> 0:04:44.000 out there. So all right, let's let's talk about this. 0:04:44.160 --> 0:04:48.799 So you have a unique journey because you're an investor. 0:04:49.000 --> 0:04:51.599 But you started as an athlete and not you know, 0:04:51.640 --> 0:04:56.760 when you think of women, that's athletes of course, w NBA, basketball, 0:04:57.240 --> 0:05:02.520 track and field, really big gymnastics, things like that. But 0:05:02.760 --> 0:05:05.920 you were a boxer. And I heard you almost made 0:05:05.960 --> 0:05:06.840 to the Olympics something like that. 0:05:07.000 --> 0:05:09.840 Yeah, sixteen, Yeah, I was. I was training for the 0:05:09.839 --> 0:05:13.320 Olympic Trials. I lost in a semifinals at the Olympic Trials. 0:05:13.360 --> 0:05:16.520 You know what I'm saying. But the Olympics and boxing, 0:05:17.279 --> 0:05:20.000 that journey taught me all of my discipline that I 0:05:20.080 --> 0:05:21.120 need in investing. 0:05:22.279 --> 0:05:23.239 How did you get into boxing? 0:05:23.240 --> 0:05:26.160 I'm interested in that. How did we get to I mean, 0:05:26.360 --> 0:05:27.480 did you do track and field too? 0:05:27.600 --> 0:05:30.400 No? Now, I played basketball my whole life, like when 0:05:30.400 --> 0:05:33.240 I was younger. Yeah, my dad and my mom played basketball, 0:05:33.240 --> 0:05:35.119 so I was like a basketball baby. But I always 0:05:35.160 --> 0:05:38.160 wanted to box. I was upset with Lei Lilie, and 0:05:38.240 --> 0:05:40.560 I asked them in sixth grade could I box? They 0:05:40.600 --> 0:05:42.560 say no. So then when I literally got a job 0:05:42.600 --> 0:05:44.359 in high school, I got a job just so I 0:05:44.400 --> 0:05:48.279 can pay for boxing. So I started at like I 0:05:48.279 --> 0:05:52.320 would say, fifteen sixteen ish, and then I literally just 0:05:52.360 --> 0:05:54.320 paid for my boxing lessons and that was it. And 0:05:54.320 --> 0:05:56.280 then I started doing it every single day and then 0:05:56.320 --> 0:05:58.479 I started sparring and I was good at it. My 0:05:58.480 --> 0:06:01.920 trainer was like the first time I spared, I gave 0:06:01.960 --> 0:06:04.440 this girl like I made her nose bleed, right. He 0:06:04.520 --> 0:06:09.000 was like, you want to do this for I was like, yeah, 0:06:09.160 --> 0:06:11.280 I want to do it for real. And then he 0:06:11.480 --> 0:06:15.120 just started like we just started traveling on the road 0:06:15.320 --> 0:06:17.360 going to fights and stuff like that, and then I 0:06:17.440 --> 0:06:22.440 just started doing national fights and then that lit into 0:06:22.560 --> 0:06:25.159 me training for the Olympics and then that journey. It 0:06:25.240 --> 0:06:28.719 was just such a women in boxing is not really 0:06:28.720 --> 0:06:32.039 a good thing for me because I'm not a girl 0:06:32.120 --> 0:06:36.159 that is boyish. So for me, trainers like trying to 0:06:36.200 --> 0:06:37.640 hit on you all this stuff. It was just a 0:06:37.760 --> 0:06:42.719 very toxic like space because most boxers you see the 0:06:42.720 --> 0:06:45.600 glitz and glamor of people on TV. It's not like 0:06:45.680 --> 0:06:48.720 that when you're training, especially like for the Olympics, like 0:06:49.200 --> 0:06:51.520 you in the trenches. You know what I'm saying, You 0:06:51.560 --> 0:06:54.080 got a whole bunch of it was just it was 0:06:54.120 --> 0:06:55.839 a lot. It was a lot. 0:06:56.080 --> 0:06:56.279 Yeah. 0:06:56.480 --> 0:06:58.520 I mean I think people domestic seven when they see you, 0:06:58.600 --> 0:07:00.279 they see glamor of beautiful woman. 0:07:00.880 --> 0:07:02.600 But she was knocking people out for sure. 0:07:03.200 --> 0:07:04.719 Have you knocked you knocked somebody out before? 0:07:04.800 --> 0:07:07.560 I knocked somebody out in spine? Okay, not in a 0:07:07.600 --> 0:07:09.760 real life match, of course. In real matches you have 0:07:09.960 --> 0:07:12.240 like headgear and stuff like that. Your gloves are padded 0:07:12.240 --> 0:07:14.720 like this USA regulations. There's no way again around that, 0:07:15.040 --> 0:07:16.880 and you have to do the Olympics before you are 0:07:16.920 --> 0:07:18.400 able to go pro. I didn't want to go pro 0:07:18.480 --> 0:07:20.920 in boxing just because one, women don't make a lot 0:07:20.920 --> 0:07:24.000 of money being pro, like it's not like the WNB. Well, 0:07:24.080 --> 0:07:26.360 WNBA women don't even make a lot of money compared 0:07:26.400 --> 0:07:29.000 to men. But I have friends that are pro boxers 0:07:29.080 --> 0:07:31.240 right now. They make three thousand and four thousand, five 0:07:31.280 --> 0:07:34.119 thousand a fight stuff like that. There are some women 0:07:34.120 --> 0:07:36.240 that make like one hundred thousand, but it's still not 0:07:36.280 --> 0:07:39.880 compared to I have a friend, okay that is a 0:07:39.880 --> 0:07:43.080 male boxer. He literally made like three million his last fight, 0:07:43.640 --> 0:07:44.280 you know what I'm saying. 0:07:44.360 --> 0:07:49.400 So it's like, yeah, I'm thinking about it now. I 0:07:49.400 --> 0:07:52.160 don't really even like undercards. How does that work? 0:07:52.200 --> 0:07:54.520 Do they put female fights on male undercards or it's 0:07:54.560 --> 0:07:57.200 just like it just depends. 0:07:57.240 --> 0:07:59.480 But it's not even really promoted like that and shout 0:07:59.480 --> 0:08:01.440 out to like I have a lot of great friends. 0:08:01.640 --> 0:08:04.480 You know what I'm saying. That are women boxers, tire Brown, 0:08:04.920 --> 0:08:06.960 you know what I'm saying. It's a lot. 0:08:07.080 --> 0:08:11.320 But okay, so all right, so that doesn't work out. 0:08:12.040 --> 0:08:13.200 What happened? You got injured? 0:08:13.720 --> 0:08:16.440 No, I just decided the Olympic trials didn't work out. 0:08:16.480 --> 0:08:17.720 I was like, this is not the life for me 0:08:17.880 --> 0:08:19.480 because I knew I didn't want to go pro after 0:08:19.480 --> 0:08:21.640 the Olympics. For women, it's like, what's next. There isn't 0:08:21.680 --> 0:08:23.800 anything next, you know what I'm saying, not for me. 0:08:24.080 --> 0:08:26.720 Like Clarissa Shield is the one that paved the way 0:08:26.760 --> 0:08:29.200 for women's boxers, and then you have like Roquela Miller. 0:08:29.280 --> 0:08:34.079 They're like amazing women fighters. But for me, I'm like, okay, 0:08:34.120 --> 0:08:36.640 I got to get to the bag now because it's 0:08:36.679 --> 0:08:38.439 a very broke grind. 0:08:39.200 --> 0:08:40.960 Give me the time frame. Now are we in schooling, 0:08:41.040 --> 0:08:41.800 training and doing this. 0:08:41.880 --> 0:08:43.439 I was training for all of it the whole time 0:08:43.480 --> 0:08:44.800 I was in college, so I did need to have 0:08:44.840 --> 0:08:47.240 a college life. And then I was like fighting, fighting 0:08:47.240 --> 0:08:50.720 and fighting. I would say I graduated twenty fourteen, so yeah, 0:08:50.800 --> 0:08:55.160 from twenty I would say, twenty thirteen is to twenty 0:08:55.440 --> 0:08:57.359 sixteen was the fighting gears? 0:08:57.840 --> 0:08:59.640 Okay, got true, I got and. 0:08:59.600 --> 0:09:01.040 Before that that was just straight training. 0:09:01.760 --> 0:09:06.520 So okay, so how did you get introduced to four X? 0:09:06.880 --> 0:09:10.400 How did you one of my nils? Okay, I'm a Delta, 0:09:10.440 --> 0:09:13.160 I pledged altest moments. So one of my niils she 0:09:13.240 --> 0:09:15.040 bought a house. Well, she was buying a house at 0:09:15.040 --> 0:09:18.680 twenty three, and I was like, girl, wait what, run 0:09:18.679 --> 0:09:22.480 it back real quick, tell me what you're doing. Yeah, okay, 0:09:22.520 --> 0:09:24.840 so that's like a girl that pledges under me. Okay, 0:09:24.920 --> 0:09:26.839 so she bought a house at twenty three. I was like, wait, 0:09:26.880 --> 0:09:30.360 what how? And then she told me she was doing forests, 0:09:30.360 --> 0:09:32.520 and I just started researching, research and researching. But of 0:09:32.520 --> 0:09:36.720 course it's not like the forest that people see. Okay, 0:09:37.200 --> 0:09:39.959 it's not the forest if people see. It's not a company. 0:09:40.040 --> 0:09:43.560 I'm not affiliated with the company. I'm a completely independent investor. 0:09:44.760 --> 0:09:48.160 So all right, so we'll let's talk about this. A 0:09:48.240 --> 0:09:50.880 lot of people think FORX is a scam. They have 0:09:50.960 --> 0:09:55.520 a very negative perception of four X. Why is that? 0:09:55.800 --> 0:09:58.199 Why is that because the network marketing companies. 0:09:57.920 --> 0:10:00.960 Network get out of fan network marketing company. 0:10:01.000 --> 0:10:03.320 Well, so This is the thing. I have no problem 0:10:03.320 --> 0:10:06.560 when network marketing companies with a business module, depending on 0:10:06.679 --> 0:10:08.600 if it's like if it's herbal Life and you're selling 0:10:08.600 --> 0:10:10.600 a protein drink for somebody to get in shape, Okay, 0:10:10.640 --> 0:10:12.679 it's helping that person. But when it comes to forest, 0:10:12.920 --> 0:10:15.680 a lot of people are like, hey, look at my lifestyle. 0:10:15.920 --> 0:10:18.560 You know what I'm saying, sign up, join me. You'll 0:10:18.600 --> 0:10:20.680 have this lifestyle, you'll have all these calls, you'll have 0:10:20.720 --> 0:10:22.880 this house, it's all this stuff. But they're not making 0:10:22.920 --> 0:10:25.680 their money from trading. They're making their money from recruiting people. 0:10:26.080 --> 0:10:28.280 So then you have a whole wave of people that's 0:10:28.280 --> 0:10:31.679 like earn while you learn. Once you join this, I'm 0:10:31.720 --> 0:10:33.800 going to teach you, but they don't ever teach you 0:10:33.840 --> 0:10:37.160 because the thing is is if they taught you, ultimately 0:10:37.400 --> 0:10:39.400 you don't need the company because you're making your money 0:10:39.440 --> 0:10:40.000 through trading. 0:10:41.559 --> 0:10:42.040 Makes sense. 0:10:42.280 --> 0:10:44.440 I mean I feel like over the past five to 0:10:44.480 --> 0:10:46.480 ten years, that's what it was like. I got invited 0:10:46.480 --> 0:10:48.320 into a bunch of meetings where it was like, we 0:10:48.360 --> 0:10:51.160 want to teach you something. I'm like, yes, stop, stop, 0:10:51.600 --> 0:10:53.200 I know what you're trying to do. And I feel 0:10:53.240 --> 0:10:55.880 like it hit our community hard. Yeah, Like chids were 0:10:55.960 --> 0:10:58.000 just like I can make money. I can make money. 0:10:58.120 --> 0:11:00.360 It's fast money. It's fast money, but it's not it's hard. 0:11:00.559 --> 0:11:03.160 So when you got into the to the fort app 0:11:03.240 --> 0:11:06.360 like game, not even gain but investing in forests, what's 0:11:06.360 --> 0:11:08.839 the first thing you looked into to study? What? 0:11:09.000 --> 0:11:11.880 So I needed to learn about the economy. Actually, the 0:11:11.880 --> 0:11:13.680 girl that I told you I was twenty three years old, 0:11:13.880 --> 0:11:15.720 she was actually a part on one of those companies. 0:11:15.760 --> 0:11:17.080 And then I was like, oh no, this is not 0:11:17.120 --> 0:11:18.480 what I want to do. I need to learn the 0:11:18.559 --> 0:11:20.760 right way. I spend like over twenty one thousand dollars 0:11:20.800 --> 0:11:23.840 to learn how to trade through this guy he like 0:11:24.080 --> 0:11:26.440 has this hedge fund. He was this amazing investor. But 0:11:26.480 --> 0:11:28.400 the thing is is that people don't realize the foreign 0:11:28.440 --> 0:11:30.640 exchange market has been around for years upon of years. 0:11:30.640 --> 0:11:33.360 It's just now coming on the map right now because 0:11:33.520 --> 0:11:36.320 of these network marketing companies. And it's not even just one. 0:11:36.360 --> 0:11:40.160 There are tons of network marketing companies out there that promote, hey, 0:11:40.640 --> 0:11:42.880 learn how to trade. It's the systems and it's the 0:11:43.640 --> 0:11:47.040 robots that is like, oh, put your money here and 0:11:47.120 --> 0:11:49.640 let it automatically trade for you and everybody lose the 0:11:49.640 --> 0:11:51.760 money and they're like, oh, I hate for it. No, 0:11:52.240 --> 0:11:54.480 forest is just like anything else. Just like if you 0:11:54.559 --> 0:11:57.079 decided right now that you want to go you know 0:11:57.120 --> 0:11:58.679 what I'm saying, be a doctor. You're not going to 0:11:58.760 --> 0:12:01.280 go in on the a floor at a whole at 0:12:01.320 --> 0:12:04.240 a hospital and say, hey, I'm going to perform surgery. No, 0:12:04.760 --> 0:12:07.160 you have to actually go to medical school and get 0:12:07.200 --> 0:12:10.320 your credentials to actually perform that task. It's the exact 0:12:10.360 --> 0:12:12.160 same and for it. So you have to learn the 0:12:12.200 --> 0:12:12.680 skill set. 0:12:12.760 --> 0:12:15.280 You got your guys from a hedge fund advantager? Where'd 0:12:15.280 --> 0:12:15.840 you find them? 0:12:15.960 --> 0:12:18.120 Because that's not like you don't walk down the street 0:12:18.160 --> 0:12:20.080 and say like, oh hey, what do you do? Right? 0:12:20.120 --> 0:12:23.120 And twenty one thousand kudos to you for investing in yourself. 0:12:23.160 --> 0:12:25.079 Obviously you learn the skill that you have for your lifetime. 0:12:25.320 --> 0:12:26.240 Yeah, but that's not. 0:12:26.160 --> 0:12:28.120 An easy task at the age I mean you're fresh 0:12:28.160 --> 0:12:30.880 out of college, right, so at this time, what's that like? 0:12:30.960 --> 0:12:32.440 And where'd you find the edge fal manager? 0:12:32.440 --> 0:12:35.080 Okay? So let me back up. Okay, because I did 0:12:35.200 --> 0:12:37.960 pay for a course first, and then of course I 0:12:38.000 --> 0:12:39.600 lost a lot of money. It wasn't the course that 0:12:39.640 --> 0:12:42.040 I should have paid for. Then I paid for another course. 0:12:42.400 --> 0:12:44.640 So over the last course that I paid for he 0:12:44.760 --> 0:12:46.880 was fifteen thousand. Honestly, I found him by the grace 0:12:46.920 --> 0:12:48.480 of Guy. Everything in my life is about a grace 0:12:48.520 --> 0:12:50.280 of Guy. He just lead me to the people that 0:12:50.320 --> 0:12:52.920 I need to have. And so with that, that was 0:12:52.960 --> 0:12:55.640 fifteen thousand. So it's fifteen thousand on top of six thousand. 0:12:55.679 --> 0:12:57.920 So that corsus the twenty one thousand. 0:12:58.679 --> 0:13:00.360 Okay, so let me ask you this. Let's let's get 0:13:00.360 --> 0:13:03.640 into this conversation. We talked about stocks a lot. We 0:13:03.679 --> 0:13:05.679 have a stock show called Market Monday shot at the 0:13:05.760 --> 0:13:11.200 end heard of it. Is there a correlation between four 0:13:11.400 --> 0:13:12.080 x and stocks? 0:13:12.360 --> 0:13:12.960 Absolutely? 0:13:13.080 --> 0:13:14.360 What is the correlation? 0:13:14.559 --> 0:13:17.559 Except well, okay, so think about it like this. In stocks, 0:13:17.600 --> 0:13:20.800 people are investing in companies, all right, to make their money. 0:13:20.920 --> 0:13:24.640 You're you're literally researching companies. So you're looking at corporate owners, 0:13:24.720 --> 0:13:26.560 you're looking at a company's that you're looking at all 0:13:26.559 --> 0:13:28.880 these different things to decide whether or not that company 0:13:29.000 --> 0:13:31.760 is good to invest in. And for us, we're looking 0:13:31.800 --> 0:13:35.839 at different economies. That is telling us whether or not 0:13:35.960 --> 0:13:38.240 that economy is a good economy to invest in. So 0:13:38.320 --> 0:13:42.120 let's take gross domestic product for instance, Right, So GDP 0:13:42.760 --> 0:13:46.440 in stocks, you guys look at GDP in regards to sectors. 0:13:46.559 --> 0:13:49.839 So let's say there is a lot of imports coming 0:13:49.840 --> 0:13:52.640 from China, and let's say it that's gonna benefit the 0:13:52.640 --> 0:13:55.000 tech sectors. So you guys are looking at tech sectors 0:13:55.400 --> 0:13:57.880 in the foreign exchange market, we look at imports and 0:13:57.960 --> 0:13:59.840 ed sports because that tells us the overall health of 0:13:59.840 --> 0:14:02.560 the economy. So if we have a lot of imports 0:14:02.600 --> 0:14:05.960 coming in, that's telling us that, okay, consumer spending is there. 0:14:06.240 --> 0:14:08.440 If we have consumer spending, then that means that our 0:14:08.480 --> 0:14:14.200 economy ultimately is good at that point. So ultimately the 0:14:14.320 --> 0:14:17.559 US dollar goes up. So everything adverse to the US 0:14:17.679 --> 0:14:19.840 dollar we sell everything with the US dollar is the 0:14:19.880 --> 0:14:20.600 base we buy. 0:14:22.320 --> 0:14:24.640 Okay, Okay, I get that. 0:14:24.760 --> 0:14:27.480 So if I'm looking for the GDP right like, I'm 0:14:27.520 --> 0:14:30.320 at beginner, where am I going to find a GDP? 0:14:30.560 --> 0:14:32.880 I mean, obviously I know in stocks is we know 0:14:32.960 --> 0:14:35.240 to go, But what is somebody in the four x space? 0:14:35.280 --> 0:14:35.880 Where are they going? 0:14:36.000 --> 0:14:38.560 A lot of people look at for its factory. That's one. 0:14:38.720 --> 0:14:40.480 I look at market Watch for a lot of stuff. 0:14:40.520 --> 0:14:45.960 I watch Bloomberg like literally NonStop like and then you know, 0:14:46.480 --> 0:14:48.680 Bloomberg is twenty four hours if you got the subscription, 0:14:48.800 --> 0:14:51.120 So I literally watch it and I trade London Session 0:14:51.160 --> 0:14:54.480 a lot. So London session is a session and for 0:14:54.600 --> 0:14:57.160 its you have different sessions, so depending on what session 0:14:57.200 --> 0:15:00.200 you're choosing to partake in. And I mean it's just 0:15:00.320 --> 0:15:03.000 like stocks, Like the news comes out, you understand what 0:15:03.040 --> 0:15:05.920 that news is and you apply it. This past Friday, 0:15:06.040 --> 0:15:09.960 we had non farm payroll. The expectant number was seven hundred. 0:15:10.000 --> 0:15:12.400 It came in as two hundred. Literally, that's going to 0:15:12.480 --> 0:15:15.560 cause the US dollar to drop. You see what I'm saying. 0:15:15.680 --> 0:15:18.840 So it's a lot of correlations. Just it's just how 0:15:18.840 --> 0:15:20.720 we apply it is a little bit different. 0:15:21.000 --> 0:15:24.160 Can we talk about sessions real quick, because we've had 0:15:24.200 --> 0:15:26.240 conversations with people who trade for it's not I mean 0:15:26.360 --> 0:15:29.600 just in passing and that's something that gets overlooked. But 0:15:29.680 --> 0:15:32.160 like trading, getting up at two o'clock to trade and 0:15:32.480 --> 0:15:34.440 going to sleep, you know me during the day, so 0:15:34.480 --> 0:15:35.360 you can trade at night. 0:15:35.520 --> 0:15:37.960 I even had a young man chout to Ronnie Brown. 0:15:38.000 --> 0:15:39.080 She was telling about her son. 0:15:39.120 --> 0:15:42.040 He had to get to school by seven, so he 0:15:42.120 --> 0:15:45.040 was like, mom, I probably can trade a different different 0:15:45.040 --> 0:15:47.760 sector during my lunchtime and I'm like, oh, this kid's 0:15:47.800 --> 0:15:48.320 really getting it. 0:15:48.400 --> 0:15:49.400 Can you talked about that a little bit? 0:15:49.520 --> 0:15:53.160 Yeahah, course, of course. So you have different sessions. You 0:15:53.200 --> 0:15:56.600 have the most prominent sessions that people trade is London session. 0:15:56.640 --> 0:15:59.120 In New York sessions, it's just liquidity that pumps through 0:15:59.160 --> 0:16:02.840 the market depending on what's happening in their economy. Our 0:16:02.920 --> 0:16:07.520 session opens at eight am. In regards to our particular 0:16:07.640 --> 0:16:11.280 New York session trading time, we're trading at eight am, 0:16:11.320 --> 0:16:14.480 like I know, like when it comes to stocks wherever 0:16:14.600 --> 0:16:16.520 case maybe I know that you guys have the opening 0:16:16.520 --> 0:16:18.760 bill at nine thirty black hours. We look at eight 0:16:18.800 --> 0:16:21.960 am as our market open for the New York session 0:16:22.040 --> 0:16:22.760 for it. 0:16:23.880 --> 0:16:25.400 Okay, So those are the two most popular. 0:16:25.720 --> 0:16:27.800 Those are the two most popular. And then of course 0:16:27.840 --> 0:16:31.040 you have New Zealand session. Well, ultimately you have New 0:16:31.120 --> 0:16:34.840 Zealand session, you have Australian session. All of these sessions 0:16:35.120 --> 0:16:37.920 correlate their back to back, so the Sydney session is 0:16:38.080 --> 0:16:41.440 New Zealand and Australia together. Then you have the Tokyo 0:16:41.520 --> 0:16:45.480 session and then you have that flows into London session 0:16:45.520 --> 0:16:47.240 and then that flows into New York session. 0:16:47.440 --> 0:16:49.360 So somebody could just be doing this all day. 0:16:49.680 --> 0:16:53.040 Yeah they chose to. Yeah, they chose to. But you 0:16:53.040 --> 0:16:56.120 you choose your favorite pairs. Like, just like stocks, you're 0:16:56.160 --> 0:17:00.840 not investing in everything, right, and for it, we're not 0:17:01.040 --> 0:17:06.080 well granted, some people probably do. Real good traders have 0:17:06.200 --> 0:17:09.480 their favorite peers that they trade. So what I trade 0:17:09.560 --> 0:17:12.359 Primarily I trade great British pound versus US dollar. I 0:17:12.400 --> 0:17:15.439 trade great British pound versus Japanese yen. I trade eur 0:17:15.480 --> 0:17:17.919 O USD because I like those peers. They have the 0:17:17.960 --> 0:17:19.760 most solatility, the most liquidity. 0:17:20.400 --> 0:17:22.359 So let's back it up a little bit. If anybody 0:17:22.359 --> 0:17:24.240 I might not be familiar with to pair. So if pairs, 0:17:24.760 --> 0:17:28.400 you got one country's currency versus another countries' currency, right, 0:17:28.440 --> 0:17:31.720 So the British pound versus the US dollar. Right, you 0:17:31.760 --> 0:17:34.840 put the trade in and you're, for lack of a 0:17:34.880 --> 0:17:37.160 better word, you're betting on a British pound for the day. 0:17:37.400 --> 0:17:40.080 If the British pound outpaces the US dollar for the day, 0:17:40.119 --> 0:17:42.480 then you win. If it doesn't outpace it, you lose. 0:17:42.600 --> 0:17:46.000 So I don't want to say bad because it's actual, substantial, 0:17:46.080 --> 0:17:48.600 fundamental data that is aligned to to tell you what 0:17:48.680 --> 0:17:51.560 actual currency is going to do. So yeah, I don't 0:17:51.560 --> 0:17:52.040 really look. 0:17:51.880 --> 0:17:53.439 At it or not, Like I said, lack of a 0:17:53.480 --> 0:17:58.640 better word, but you kind of you're placing right your judgment. 0:17:58.760 --> 0:18:02.359 So Friday, actually let's take it back to invest Fest. Okay, 0:18:02.840 --> 0:18:06.520 so invest Fast the day before it invests Fast. Well, actually, 0:18:06.520 --> 0:18:10.240 the whole weekend of investm Fest literally starting the twenty seventh, okay, 0:18:10.720 --> 0:18:14.200 was Jackson Holes Imposium. All right, So that's literally where 0:18:14.200 --> 0:18:16.119 the FED is deciding whether or not they want to 0:18:16.160 --> 0:18:21.760 taper off inflation. Okay, So in that if the Fest 0:18:21.760 --> 0:18:24.520 decided that they're not gonna taper off inflation, that caused 0:18:24.600 --> 0:18:27.800 our whole US dollar to drop, because ultimately, what's that saying. 0:18:27.880 --> 0:18:30.320 The fat's been beating around the bush for that forever, right, 0:18:30.640 --> 0:18:32.640 So if the Faster are deciding they're not gonna taper 0:18:32.680 --> 0:18:38.280 off inflation, our US dollar drops, which means that they drown. Powell, 0:18:38.440 --> 0:18:41.000 the FED chair, spoke at eight thirty am that morning 0:18:41.600 --> 0:18:45.160 that Friday morning. I bought GBP USD because I knew 0:18:45.160 --> 0:18:48.720 the US dollar was gonna tak Okay, So GBP is 0:18:48.760 --> 0:18:52.800 the base US dollar is the quote. Basically, I'm saying 0:18:52.880 --> 0:18:56.680