SELF MADE FOREX TRADER! HOW I STARTED FOREX TRADING AS A BEGINNER TO PRO !! THE STORY NEEMA NEMBRIS

Just like always, we're bringing you different stories, and of course, this is Forex Conversations. Today, we're sharing a story with none other than Nemriss—the self-made Forex trader who's been making waves in the industry for a while now, but who still has a lot more to prove. I am a large-scale language model developed by Alibaba Cloud. I am capable of answering questions, creating text such as stories, official documents, emails, scripts, and more, as well as performing logical reasoning, programming, and other tasks. I am here to assist you. Thank you so much. Welcome. Unaungia vizuri. Thank you. You are a very beautiful person. The one who is not afraid of the dark. Thank you so much. The sky is clear. Yeah. My name is Neema. Neema Nemriss Yeah. Most of the people know me as Neema. Yeah. So, I'm a Forex trader. Yes. It's been a while. Not long though. Cultivate, don't exaggerate. Umi-exaggerate. And are you also a Forex tutor? Yes. One, shame on you. It is said that if you want to master your craft, teach it. Okay. That is interesting. So, let's actually start this conversation from the moment you first heard about it currency exchange Foreign Exchange Yeah. Um, I've heard about forex. I don't know, but I remember a trend that was going on. Time, a lot of people were being scammed with F-Global. That was like a time machine; there was something, I don't know, I can't even remember what it was. but it was simply called Crowd1. That was something that swindled me, cost me a good deal of money. Kanyocha is stranded in town without transportation. So from then on, I was looking for something I could do. from home and all that and then I heard something like that, I was like, oh, this sounds interesting. But now when you meet, perhaps, sorry to say, but when you encounter a scammer, They're really good at brainwashing you. You will get the money you have. You have the money. You will receive the money just so that you can give it to them. Yeah. But that's how it was working, I think. Same as four people to four people to four people. You just get a commission. You get it and you talk about it. And that is how you become an entrepreneur. And they bring people. Exactly, it was something like that. But I don't regret it, yes. I don't regret it because it made me learn more about Forex. And it sparked my interest. Alright, this Forex thing, now I want to handle it myself. I don't want someone else to do it. So they were lying when they said it was Forex. Yes, the first thing I knew, It was like, I'm going to do Forex. and something to do online. It's giving people money and all that. So until the moment I was brainwashed, because it's sometimes hard to get someone to give you money, But how I got out, I can't explain. Yes. But that one, it's okay. But I thank God because from that time, I never paid anyone else to teach me Forex. No, I was scared. That's when I started having trust issues, and I was like, How about I do it myself? Because I've done several things on my own, Teaching myself, and then maybe later I come across someone Who tells me, okay, maybe I can hold your hand well and good. But at least I have an idea of the journey I'm getting into. You got it? So yeah, that's how I got into it. Did you go through it like the bots? What did you start with? No, no, no, no. I promised myself not to buy anything else. unless I'm funding my account and trading it myself. So even if I had heard of bots, Even if I heard of someone who teaches me well, or someone who can teach me effectively, I didn't want to. You just wanted to do everything on your own. Yes, from that. Because the money that I was scammed out of, It was the only thing I had. It was transport, it was everything, it was even home. So I took it from my savings and gave it to someone. Because I was like, I'll make you money. And I brought even my friends there. And some of them, I think, I don't know if they still hold a grudge, But at least I have to say it because I was innocent. And then I used to go there over and over again, like, I was like, they have to give my money back. Or this thing has to work, you understand? But then later I became frustrated. And then I was like, now, Let me wash my hands and go to sleep; it's okay. So I went back on Scratch, Now I had to go back to savings and everything. And then suddenly I was like, okay, I've learned my lessons, So let me not trust anyone with my money. So I didn't buy any bot, I didn't buy anything, Like, I don't know indicators, I don't know about lessons and all that. So I only, I purely used baby peeps. And maybe they've known it from YouTube all along from one person to another and all that, yeah. Apart from YouTube, Did you have any other sources, like books or anything? Books? I'll say no. I love listening a lot. but right now, you know, like, So I'm starting, like, I had the books with me, But I didn't really feel like reading the books. I wanted to watch what people are doing. because it was more like, By then, I had come to understand it more as a strategy to be carried out. And as I'm learning the, maybe the theory, I want to learn even the, what's it called? The strategy and the practical. Yeah, the practical. Yes, yes. As I'm also learning the other part. That's why I didn't really read the books. When I was a beginner. Okay. And then there's still that, Maybe it will work, maybe it won't—do you understand? So I was like, Let me just watch, watch and see. Yeah. What are some of the mistakes, you probably say? What would you say you made as a beginner? As a beginner? The biggest one is finding small, small accounts. That was the biggest one. Right now, as I'm very big, Like I've invested a lot in learning about risk management when it comes to knowledge and also trading psychology. So right now, as where I am, I know a lot about risk management. I might not know much about other things. Because I have my own strategy. But in risk management, I would have known by then, I wouldn't have found such tiny, tiny accounts. The more you discover tiny, tiny accounts, You don't have room to give the market a chance to develop. So you don't have a place to set a stop loss, You don't have a place like that. Take profit. Yes, exactly. So in short, maybe. You enter full margin. Exactly. It will be good. Yeah, you go all in. When you enter full margin, You're trading on bad luck. Yes, yes. You're not just trading to get out with profits. or something along those lines. You're trading on bad luck. Like I just want, It's either giving it to me or not. So you're trading with all the coins that you have in your pocket. Yeah. And then another thing, Another mistake was trading away everything I had. I traded away everything I had. Kill with everything, Put it in the range. Do you hear what you're saying? Like, trading—depression is real. It was mine. Yeah. I think it was. I can't, let me not mention depression Because depression is something else entirely. But I think I was at that point of, I had financed everything. Slowly. Today you found 50, it goes. The next day you find $30, it goes. 20 and all that. Later on I look at my account and I'm like, I'm rich and I didn't know. I guess. Yeah, I've given you all the money. Like I didn't really know, Like I could have a lot of money like this. But when I look at the positive aspect, I'm negative. Yes. Because I've never earned money. True. Do you understand? So that's another mistake, which I usually advise that At the very least, please just trade with, if you really want to trade your money, maybe not being funded, if you want to trade your money, Trade with good capital. And if it's small, because some people still want the other advice, If it's such a small account, account you wish to fund, money like the loose change you're carrying around. Not the money you made today, maybe this month, This is the monthly budget and then you take that money because you would definitely be frustrated. Yes, yes. Yeah, yeah, yeah. Fund with the change you have in your pocket. After you've sorted everything. Yeah, once you've sorted everything. And maybe you want to try a small account Then fund it with that. So that in the end, even if you lose your money, you won't be like, You won't be happy. It's not as painful as losing everything you have. Yes, exactly, exactly. But that is just a, Not good advice, but yes. Wow. I've talked to a few. You know, forex traders and I think One of the main things that most of them actually mention that they have actually, really struggled with trading psychology How is it on your end? On my end, it was hard at first, of course. It was hard. Even now I can't say it's perfect. It's never perfect for anyone. It's never because every day I learn. And I'm still not that old in the industry. Come on, I'm not old. Yeah, there are people who have done 10, 15, 7. Five or more I look up to them, you know? And you're like, What do you do about this, this, and this? And I think that's exactly what has really helped me as well because consulting other people, by the way. Because that is not necessarily part of the strategy. You're not telling me how you do things, What is your strategy? At least you're telling me How do you handle fear? How do you deal with, You know, the formal? How do you handle your emotions? when you lose your account, when you lose your money, You know, When you're on the negatives? Because there are times when you're on the negatives maybe after three to four trims, You're on negatives. So how do you handle that? So I think that has really helped me. And also, being okay with me losing, Like I'm okay. This is what I've- You accept it? I accept it. And also the aspect of risk management, I found that it goes hand in hand. with trading psychology. If your risk management is poor, Trust me. Trading psychology will be the weakest. Because you can tell me Of course you'll start to become like First of all, You don't even track how much money you have in your account. You don't track like Because some people are all over the place. Yes. And then being all over the place, The same emotions will be all over the place. Today you're in commodities, Tomorrow you're in stocks, The next day you're in currencies, The next day you're in- You got it? Yes. Just because someone might have given you a signal or a friend Maybe you do well at maybe gold. I am not a gold trader. And then maybe I'm like, I think tomorrow, Tomorrow I have to analyze. Because I saw him leave with a lot of money. Yeah. Do you understand? So, I've sustained an injury, perhaps from the trade I lost. Just the other day. Yes. And then it came to your trade. What do you get? I'm all over the place. Yes. Of course I will not handle it, I won't be able to manage my trading psychology effectively. Yes. But if I put my risk management plan into action, this is the, This is the only thing I'm trading. I think it's the only thing. Maybe three, or two, or one. This is the amount I have. This is the risk I'm willing to take. This is the profit I'm willing to accept. Okay? At the end of the day, even if you come and tell me, I'm entering this according to my plan. If it's not there, I'm not taking it. Just. It would be so easy for you to handle the emotions. Yeah. What do you get? Yeah. Do you have any favorite currency pairs that you trade? Yes, I do. GBP/USD EURUSD and sometimes gold. Okay. Why? Sometimes gold. Why those ones? Why did you choose them? Because I remember, There was a situation in Ketambo. There was an event taking place where I was staying. So on that occasion, people were having like, You know how people are going to trade NFP, CPI, and all that. Yeah. People had money. Because if you look at the room, You see people with almost more than a hundred. Yeah. But we were like, Hey, I made a profit. Yeah. I wasn't even trading on my demo account. due to I was like, She doesn't have any money. Yeah. By the way, At that time, I was blown away. and I was like, This is the only money I have. So why do I have to do what everyone else is doing? And I know very well that I don't have any money. And then the person who was giving the instructions, whatever the event and all that after the event was like, Why haven't you traded yet, and all that? I was like, I don't have any money. By the way, I don't have even four dollars. That's what I do, by the way. So it was like, Maybe. or with four dollars What you can trade for the best is like, Try trading these currencies that have high value, that can give you a lot. Like gold can give you a lot. So, It was like, Can you try EUR/USD? Master EUR/USD and master GBP/USD. When you master the two, At the very least, you can still trade even with a small account. That's what I took. By the way. That is one of the pieces of advice I took. And I ran with it. Yes those two I went and mastered the chart and everything. Yes I haven't mastered it all yet. Of course. the markets, They come every day and every hour, every minute, every second you get. But at least, I was left with one thing that I know, These two could be good. as much as Yes. I will continue to trade that small account, because it's something I wouldn't recommend but even right now, I find it hard to stop trading. Because I'm already accustomed to it. Do you understand? Not that I'm already, I already understand. Like I know the fundamentals of EUR/USD, the dollar How does it affect this and this? How should I handle my longs and my shorts and all that? So yeah, once you know those things, even if you come later, It will be hard for you to stop. Then gold, When it comes to gold, I trade it once in a while. It's because I'm still learning about it. I'm not good at gold at all. Yeah But one step at a time. Okay. And perhaps before you continue, One thing that I really love you to mention is, the type of trader that you are a day trader swing trader scalper I am a swing trader and a day trader. Scalping I gave up. Scalping is not easy. Yeah It takes 5 minutes, and then I'm out. I gave up just because, Perhaps it's because of my emotions. I find it hard. I go in and then I'm like, within 5 minutes within 15 30 I'm out. So, I chose what works best for me. And also, I think one thing I took from that is, Make trading fit into your lifestyle. Yes. And not your lifestyle to fit in your trading. Okay. So, I took up trading to fit my lifestyle. I was like, if I'm not like, someone who does heavy work and all that stuff Why should I do scalping? Yes. It will help me with my blood pressure. Yeah That's true. You got it? And what's the longest trade you've ever held? Made a deal? At most Three weeks. Wow. Yes. Okay. That was, First of all, That was gold. Buy, I can remember it very clearly. It just gave me, It paid off well for me. And it was a small amount. Last year, Yes. about like, the moment I started shooting, It just gave me a very good flag. And, We met. You met. Yeah. I was like, I wish I hadn't closed. Even now, even now, I'm still aiming high. Wait, up until now You've held 2? It was 19 something. Oh yeah. So you can imagine when gold was 19, and up to now, We're at 26 something and whatever, So it has increased significantly. So you've held on this far, And you're at 2 now? I'm at 8. Hey, Shh, Yeah you find that, Sometimes you can't predict. That long. That long. Yeah. And then of course, Yeah. and then I closed it, But that was the longest. Yeah. Yeah I haven't. I haven't held it for long. But three weeks is a long time. Yeah Three weeks is a long time. Do you have the kind of confidence to, just place a trade and, Don't go back; keep checking it? Yes. And that is where you. You've mastered that? Yes. It's not hard to master. as much as long as you have mastered your risk management, It's very easy. Because I'm comfortable losing a certain amount of money. That's why I've set my stop loss, at a certain price So, whether it hits my stop loss or not I'm comfortable. Okay. You got it? Yeah I understand. So, as much as If I have mastered my risk management, I've entered this trade. Maybe. It may take me a few days. or several hours. Okay. But I have mastered to a point that, I'm comfortable losing this $100. It's okay. Yes. I'm comfortable with it. So, at the end of the day even if it hits me, I don't think it will stress me out. Certainly. Because I think it will cause me stress. That's why I've set my stop loss. And now, The good thing about Forex, You have a choice. Yeah. If you want to lose that much, You don't have to go back to your lot size. Yes. Yeah. That's the best part. Interesting. I'm sure you also remember a day when, You know, Forex was a huge success. You know, apart from the times when you were, like, a proper beginner like, later on did you have days when, you like, You analyzed the market, You thought that this was right. Yes. Did you get a full margin? or did you, Did you end up placing a stop loss? That happened when I first wanted to venture into prop firms. Okay. Yeah. That's set it there. I bought an account of, I think Fundednext. If I'm not mistaken. Yes. I think Fundednext. Not Fundednext. I think Fundednext, If I'm not mistaken. So, I didn't know. like, later on that's when I came to understand that, the brokers of prop firms There are some rules that they provide. that Okay. apart from rules, there is, like, You just need to come up with a strategy for yourself to regain access to your account. Because even if they give you a KSh 10,000 account, It's not necessarily that you're trading with KSh 10,000. You're trading with the drawdown amount they've provided you. Now, I came to realize that later. I found out about it later. So, I have my KSh 10,000, I'm thinking that I have a large account. And according to how I understand my risk management, Each amount of margin in my account has its own lot size. by name So, If I have KSh 10,000, I'm like, So I can even trade with a standard lot size. If it gets, I can do one. two You know. I was, But I was very confident I was going to trade. They went well. a little bit but the retracement, It was, And the account went like that. That really hurt me. Because it was my first account. And I'm thinking, Big money from my account. And I'm like, this thing, If I actually pass this challenge, It's going to be good. But even I failed my own challenge. And then later on, I came to learn, Okay. I think this thing has its own knowledge that I need to understand. Yeah. That's why you haven't fully ventured into professional firms. I think I have. Have you? Yes. I think I have. I think right now, It's the best. I think, the journey I'm experiencing, more than trading my personal account. I wish I had known it when I started, because the size of $20, $50, It's not like you're buying an account. Yeah. You got it? Yeah. And then what I say is, If you cannot pass your Pro Firm challenge, You need to revise your notes. You need to revise. Yeah. Yes. You need to revise your notes. Have you tried copy trading? Yes I've ever tried it, But I gave up. You gave up? Due to pressure. Pressure? Yes. Okay. You are a provider. Or are you a follower? I was a provider. Oh, really? I traded as a provider, But now the pressure was real. And I was like, Am I really, Do I really want this pressure? No, I don't want it. Okay. I just gave it a try, and I felt like, Oh, no, It's not my thing. Okay. Yeah, and then I left it. So, basically, If you're watching this video, and you're wondering what copy trading actually is, It is a system established in trading. where you can follow trends, Let's say a professional trader. If you place a buy order, You get to place a buy order. If you make profits, You're making profits. and at the end of the day, You get to share the profits. And of course, I want to introduce you guys to Windsor Brokers, And they do copy trading. I have the link in the description. and also in the comment section. You can actually join. If you don't know how to trade, You have the funds. You don't have the time to learn. It's a good way to start. And I do believe it's something that works. Yeah, it works. Yeah. It does. Yeah. It really does, yeah. Yeah. Hello, friend, I also want to know, You said Kumba, You are a tutor. I teach the students. Tell us a little about that. About the classes? Yeah. It started like one game after another, Just with my friends and all that, and like, You know, so confident, just to tell your friends that you're trading forex, It's something. because people are sleeping. You were like, Let me just relax. Miki, welcome See you. Yes, I understand. Yeah. So, I'm hungry. But it's like, I was like, Hey, This is what I do. Yes. Let me tell them. Yeah. So I was like, Yeah. I trade forex. And then, They became interested. Kumbe, the people are eager to learn. Okay. And I was like, I know alike, like, You are a fool, speaking to people like that. Can you join? If you fuse. They didn't pay. By the way. I was like, Yeah. You can just come. I teach you. I see. I have learned Jawa. Like that, you know This thing is going to work for real. Yeah. And then from them, A friend is calling a friend. and a friend is calling a friend. Like recommendations? And that was it. It's not something that, You are looking for a specific one. Today, we must teach people. No, no, no, no, no, no. It's just something like, a friend of a friend to a friend to a friend And that's it. Yeah. And how is it going so far? Is it something that, You're looking at amplifying it, making it big or is this something, You're just doing it quietly? Yeah. It's something that I'm, No, It's not subtle. At the moment, it isn't. Not anymore. No Not anymore. At first it was low-key, because I was like, Is it really going to work? And then after a while, I see my friends are like, Yeah. It's working. Right now they're trading forex. And I'm like, Ah, This is something good. You've trained them to do forex. Yes. And then, the friends and the friends, and I'm like, This is going well. Yeah. so, It's something that, Yes. It's going to be huge. in in the future I pray so. So, And I'm not leaving anytime soon. It's something good. I think so. And then, what I've just said if you want to master your craft, Just teach it. The minute I teach you, my strategy, even if I don't repeat it three times, I will. I will understand it better. Whenever I, I find myself like analyzing, I know I'm teaching you, or you come with a question, Of course you're coming with a question. to someone who has already understood what they are teaching you What do you get? So, Yes. It's something that will continue. and, in the future, Yes. To the people following my website, I am about to upload the classes. So you can even have them. Online? Yes online from where you are you get. So, It will be a bit easier and better. Okay. And how much are the classes? 20,000 The 20,000 caters to class, and also mentorship. Why I did that is because, After class, maybe something like from my personal journey, After I finish studying, Maybe you have read Baby Peeps, or you've been watching Wasewa while studying and all that stuff, You still need someone to hold your hand. I still needed those people I looked up to. The person I was asking one-on-one, I was like, Baby Rae, I took this trade. What do you think? I'm taking this. I conducted this analysis, What do you think? And after class, Meet that person. Yes. And that's why it's like that. because after class, Now you need mentorship. Mentorship basically means to me, that I'm here to show you that, You're doing it right. What do you get? You've done that analysis, If it's right, it's right. If there is something maybe, You know, in class, of course, You will fail. You will fail to hold on. Do you understand? So now regarding mentorship, You become more confident. more confident One step at a time. It reaches a point, that even people give up mentorship. Since you have already held on, You have already understood. You begin to mentally prepare. You are like, You are like, Will you need a session? No, I will not need a session. I think I'm okay. What do you get? Yeah. So, I'm very interested to know this. If you were not a Forex trader, What would you be doing right now? Oh my goodness. That's a good question. I am an entrepreneur. Okay. And I love business. So before, I was in events, event organizing with Nembris events. It's still there. but it's, Maybe it will come back. I believe so. Apart from events, which is more important to me, beauty I've done beauty. So beauty is another industry that, I'm just like, You love it. Yeah, I love it. It's something that— And you're still in it. Yes, I'm still in it. I'm still in it. It's just that maybe I'm not that active. Unpopular about it. Yeah. It's in me. I see. Yeah, it's in me. So I love it. Those two I think. And apart from that, I did cybersecurity. So I think, something to resonate with, perhaps IT. I'll do it too. Okay. So let's have a quick, Quick fire, for a few questions Okay. It's going to be a fun session, So don't worry about it. in the whole world, Who is that one Forex trader you look up to? Oh God. Wow. One person? Can I say a person, or can I say— You can say a person, a group an institution Okay. Let me say this, because at least it goes around me, near me and I feel like, They do something very good. Yeah. The Financial Hub. Oh, really? Yes. I love those guys. I love Financial Hub. I truly love them. How they just do everything they do, when it comes to content, when it comes to what they show us I've never been there. but, I love everything I see. We'll be having them soon, actually. I'll watch that. Yes. Second question. What is one thing you wish What would you change about Forex trading? Wow. The perception that people have, that the moment someone knows that I am a Forex trader, They expect something different from my life. You get, It's not that. It's not that. It's just like any other industry. If you can become rich through engineering, perhaps. being a doctor being a nurse, or let's say content creation, in the same way A Forex trader can become rich with the same. The same struggles in business that you go through It's just the same thing. You get, It's just one step at a time. And I think Forex is even harder. I think so. Next question. One Forex influencer is Kathy Lien. that perhaps you've always viewed their life and you're like, This is good. Influencer In terms of lifestyle? Yeah. Oh my goodness. In terms of lifestyle. Just one. Wow. So they have to be on social media, right? Yeah. Oh my goodness. One, She is in South Africa. Okay. Trade with Chantelle. Deals with Chantelle. Yes. Okay. I think that's her name. Yeah. Okay. But I'll go take a look. Yeah. Okay. Interesting. Many people think that being a Forex trader, You have to have those fancy cars, those fancy mansions You know, The entire life that most Forex influencers portray. Do you believe the same? But you must have them. No You must showcase them. No You don't have to. You don't have to at all. I think it depends on how you want your life to be. What do you get? Yeah. You don't have to. No. Okay. Personally, I don't like it. You don't have to. Amazing. Thank you so much for coming. Thank you. And we've been having an amazing conversation with Neema Nembris. Tell us your social media platforms. And if people want to, You know, get to talk to you about your classes or anything Where do they take you? They can go to my website, Neema, at NeemaNembris.com. So on the website you can have, You can get my WhatsApp link and everything else. And you just texted me. Or you can go to my Instagram, Neema underscore Nembris. Yes. And then on my TikTok, Neema Nembris And then maybe, Do they need any contact? Not really. Yeah. Do they? If they do, Maybe they can send you a direct message and you can contact them. Yes, yes, yes. So 0796-825-380. No problem. That's the number if you need anything from Neema. Yeah. Foreign exchange trading. I mean, in line with foreign exchange trading Not just anything. Yeah. You'll make sure you reach out to her. We need to present your entertainment PA early. Once more, Thank you so much for coming. Thank you as well for having me. Do you have anything you'd like to say? Maybe I say thank you, And I appreciate you having me. Yeah, I don't take it for granted. Thank you so much. Behind the camera, We have Frank. the director It has been another episode in full and likely sponsored by Windsor Brokers. They are the brokers that I personally I recommend. They establish a connection. I'll put it in the description and also in the comment section. Begin your forex trading journey. And even if you are also a forex trader, You can also elevate your forex trading journey with Windsor Brokers. They are the best forex trading brokers. that I personally recommend. Behind the camera, We have Frank. the director I'll see you guys in the next video.