Who are the most crucial forex influencers and how they are building the momentum, also with Skrill and Neteller?
Are you are a beginner in forex trading or a professional with several years in the business?
Either way, both newcomers and seasoned forex traders can learn from fx traders that share their experience, tips, and life lessons online.
Forex influencers on social media platforms can be divided into two categories: old school and Millenials.
Old school traders are seasoned with twenty to thirty years of professional experience in trading markets.
Millennial traders are entering forex trading and documenting their learning curve and lifestyle.
This is Paynura's forex influencers digest. We picked the ones that can give you advice from years of experience trading currencies and the ones that you can observe develop their first forex strategies and trading lessons.
Adam Khoo is a professional stocks and forex trading and a best-selling author. Throughout his career, he wrote 16 books, including 'Master Your Mind, Design Your Destiny", 'Winning the Game of Stocks," and "Profit from the Panic. Many forex students went through his Adam Khoo Learning Technologies Group, which is one of the leading training companies in Asia.
Trading is gambling." Adam Khoo compares currency and stock trading to gambling.
Stock market is a giant casino… As a professional trader, I set myself up as a casino."
Adam Khoo
Trade Like a Casino for Consistent Profits video by Adam Khoo has more than 2,3 million views since uploaded in 2017. In his Youtube video, he gives a valuable lesson for everyone, whether you are an fx trader, casino player, or in sports betting. Understanding how the house always wins is crucial, and you should set up your business as a house.
"Most of the people, because of instant gratification, the moment they make a bit of money, they want to sell and take it off the market." Adam Khoo explains the behavior in stock markets. If your stocks are dropping, you will stick with the stock and hope that the trend will reverse and the price rising. But when your stock is rising, you tend to sell before the tipping point. "Instant gratification causes small wins." In a 15-min video, Khoo is giving the essential trading strategies for traders and investors who want to improve their trading performance in a nutshell.
Andrew Lockwood from ForexSignals TV is a former pit trader form the London City, who made a successful leap to online forex trading. His track record in forex, an incredible 30 years.
Lockwood is straightforward about the risks of taking forex too easy. Many newbies are entering the trading on the pretense on instant financial success without any efforts. Well, as we all know, that is far from the truth.
Watch Adam Lockwood explain The Cycle of Doom - Here' why you'll never make money in forex.
"It's all because of the Forex cycle of doom. Many aspiring traders who are trying to make money in forex don't know they're falling victim to it. The Forex cycle of doom is all about how you find a strategy, trade it, experience some losses, dump it, and then find it a new strategy."
Andrew Lockwood
Forex success is not going to happen overnight. If you have developed a strategy, you have to trust it is on the winning period, and you have to know how is it going to perform on the losing periods. But, traders should understand that losing is part of trading. Period.
Newcomers to forex trading are not shy about their learning journeys. They are documenting ups and downs, daily routines, trivial events such as arriving at an airport, or checking into a hotel.
The Generation Y and Generation Z are not afraid of going live with their forex forecasting, showing their false trade predictions, learning from them, and being cool about it. It is an entirely different mindset.
While the established forex traders first proved their expertise on the market, at professional events, and within the forex community through teaching and public speaking, the Millenial FX trader is monetizing his learning journey and the daily routine.
Let us give you three examples of young forex traders that are promoting their journey.
Austin Silver is building his community of followers through forex explanation videos. He started his career in events management, where he developed excellent communication skills that enable him to transfer ideas to his audience with ease.
"In finance, I was headed down the traditional path as a life insurance and investment salesman when I discovered day trading. After successfully trading my capital parttime, I formed my LLC and began to sell video courses teaching trading systems I used."
Watch his excellent forex tutorial style in How To Make $100-$1000 Before Breakfast Trading Forex.
Hannah Forex is another young forex trader that is all over social media. Hanna Forex is a university student, learning forex trade on the side. She is documenting her journey, sharing strategies, and daily routines.
"I really want to document my trading journey, specifically the setbacks, challenges the ups and downs, the progress, breaktrhoughs."
Hannah Forex
Michael Bamberis o ne of the youngest forex traders on the social media scene. He started documenting "the truth about what it's actually like," because of the misconceptions about the forex lifestyle. Here is his video on forecasting, planning on trades in advance.
All forex influencers are trying to break the myths about forex. It is not about lifestyle; it is about commitment, technical knowledge, and mindset.
Which is the most bulletproof strategy for forex traders?
It is thinking out of the box! Trading in currency is not the only activity that can be monetized. Forex brokers are earning from platforms, tutorials, charts, live views, and deposits. As ewallets became a standard for deposits throughout the forex community, this opened a lot of new opportunities to earn a commission from ewallet accounts.
For example, ewallets Skrill and Neteller are embedded in almost every forex platform. Each time a forex trader deposits at a merchant, you can earn a lifetime revenue share, if it went through your referral. All forex traders and mentors can monetize their network of fx traders by joining Paynura, an affiliate program for ewallets like Skrill and Neteller.
