I QUIT COOKING JOB TO TRADE! NOW I MAKE $$$$ TRADING - RICH NICK FX

If you're in a trade right now, take a pause. If you haven't analyzed the market, don't move. This might be what you need. This is the Mind Over Trader podcast where we cut through the noise, focus on execution, and break down the mindset behind every single move. This is where real traders sharpen the edge. I am your host, Presenter Ali, and of course, this is where discipline meets strategy. It's another amazing episode. I wanna thank you guys for always committing to watching this amazing podcast. And today we are with none other than an amazing guy, of course, who has been in the industry for 10 years. So you are about to experience 10 years of excellence. Guys, stay tuned. I'm with one and only Rich Nick FX. How are you doing, my brother? All good, all good, all good. How are you? Good to finally have you on the podcast. We've planned this for around two months, man. It's been long since I've come. Yeah, hey. Finally, we're here. Please, for the people maybe who are seeing you for the first time, please use your camera, introduce yourself. All right, good morning, everybody. Hope everybody's doing good. My name is Nick. Rich Nick FX, as known in the market. Been in the market for 10 years, roughly, and six years in the industry. Just playing on the other side, just to get a bit of everything from the markets, being a client, being an IB, being in the brokerage side as well. So yeah. Hoping to share some of the knowledge that I've gotten over here, as well as get your mindset right. Yes. As you can see, we're on the mindset of a trader over here. So yeah. The craziest part about your journey is before you ventured into trading, what people do not know is that you are a chef. I do not honestly see how a chef could end up being a trader, unless you give us the highlights of that journey. How is it? How was it? Let me get you started now. So this is how it started. Yeah, definitely. Before that, I was in the hospitality industry. Did a couple of years in that. I was a waiter, did some cross-trading, went to the chefing side, to the kitchen. I did a lot of small businesses. Yes. Sometime back, I told someone that I was a chef, and they were like, oh, so you're the one who burns the sausages, and you're the one who burns the noodles. Okay, interesting. Yeah, I cross-traded into that, and how I started to, and how I knew about foreigners is, every day, there's a guy that used to come in this hotel that I was working, and this guy used to come and sit down with a laptop, and I would see the class. And I'm just like, what is this guy doing here? And then I'm telling him, I said, I think this is the life I want. I just want to be chilling somewhere with a laptop, and actually making money. So you knew he was making money from it? I could see, well, he's staying in the hotel, it's a five-star hotel. Oh, okay, okay, yeah. There's no way that- There's nothing else he's doing. Yeah, and then he'll be there for a whole month, and I'm like, okay. Wow. You gotta be doing something on that laptop. Yes, yes. And he's always on chat, and I couldn't see, I didn't know what was that, and I couldn't ask. That I would be now getting into it. Clients, personal life, yeah. Yeah, so I would see this guy coming, and then he would go, leave the hotel, and then come back maybe after two months again. Do the same thing. Yeah, do the same thing. So I got that interest, and cut story short, I moved to Dubai, started seeing this- Online thing. Not still in the industry. Hospitality. Yeah, I'm still, I'm moving to the hospitality at that time. Dubai, moved there, went to the cruise ship. Okay. Yeah, did a couple, like four years over there. So while there now, another guy from Trinidad used to come again, and this guy used to sit by the pool. So this thing, it got clicked. Yes, yes. He was to do the same thing, holding the same laptop with the same chat. Yes. So when I saw this guy, I think there's something the universe is trying to tell me, and I'm not getting it. True. There's no way that I was interested with this guy back in Kenya, and now I'm interested with another guy to go up, maybe in the ocean over Atlantic. This guy is also doing the same thing. Yeah. So I asked this guy, do you mind just giving me a brief of what's next on the screen? He's like, oh, okay, yeah, it's simple. Let's go for it. The guy started giving me, this is how it goes, so I told him, when I go for vacation, I'll do some research. Yeah, I'll do some research. I think when I came for vacation, I didn't really follow up on it. I was so sure I wanted to start something, so I kept praying to God, and I used to tell God, I need something that I can do by my own words, and just sit in my couch, and use my machine, and just do, and still make a living. So some time back, there's a friend of mine called Eric. This guy calls me, we used to do MLM's. Ah. We live in Nairobi. True. He's a father. Mm-hmm. Yeah. Really that deaf. Yeah. So this guy calls me one of the Saturdays, like, hey Nick, hey, there's something else over here that has come up, and all you need to do is just to put money in there, press buy and sell. Okay. See what this guy has told me. What? Press buy and sell. Mm-hmm. I'm like, and you make money? Me come? Yes. I was like, can I come where you are right now? Yes. Yeah, I went, and I met him, and they were there with a lady that was actually now trading on the phone, and while we were seated there, the lady opened a trade on GBPUSD, I'll never forget. Mm-hmm. And she made $60 while we were seated down there, like in less than five minutes. Mm-hmm. And I was in my head, I was like, bingo. This is it. Ah, myself and Elon Musk, we are here now. This is what I wanted. Wow. I was like, hey, this guy is making money as in less than five minutes, less than five minutes ago, and already made $60. I was like, oh, okay. I was interested now. Ah, I wanted to start. We started learning. We learned, and through the sub-programs, AI Market Live, we did that. Ah, it was a whole journey. Started getting community, going to trade together. I remember the first time I blew my first account. Yeah, yeah, yeah. How much was it? First account was $500. Wow. And the problem, the reason why it's, you know, I usually tell people, you will never forget the first account that you blow, and the first withdrawal that you make. Those are two very good things. Yes. Okay, one you buy, because you blow it. Yeah. You will never forget those two days. Yes, yes. So what I did is, when I saw this lady that make that for profit, what I did is I called a friend of mine, and I was like, eh, do you mind loaning me $500? And I'll give it back to you within the week. I promise. What? No, I wasn't told that you can loan me. Oh, you were just given the good side of it. Yes, it's just buying and selling, and we're making money. Well, that's easy money. So it looks like a sure thing. Yeah, the way it was sold, because even the guy didn't even know what it was. It's the way it was told, like we are making money by pressing buy and sell. Oh, I believed on that. So my guy told me, yeah, you know what? Yeah, I'll give you. I'll bring it actually for you, because I have it cash. He brought to me, like 100, 100, 100, $500, and I deposited it, and I funded an account. Started trading. This is the funny thing about the market. I don't know what's up with the market, but the market knows how to welcome you. For sure. Yeah, the first trade, most time, they usually go in, first trade, second trade, yo. Yeah, you're starting getting the confidence, and now you start relaxing in the market, and then it hits you, yeah. So I remember Monday, mid-week, Tuesday, good day. Wednesday, a good day. Thursday, a good day. And Friday, I closed that month, I closed the week with, I think it was $1,200. Okay. Yes, from $500 to $1,200. That is how I closed the week on Friday. Did you pay the guy? Yeah, that is where we are going now. Okay, okay. So what happened? On Fridays, you have $1,200 and something, like on 50. So I told myself, you know what? Now I've found a retirement plan, and now I need to... To go harder. Yeah, and even, let me just enjoy life for this weekend. So I bought myself like a whole kilo, I was single, so I was staying alone. I went and bought a whole kilo of meat, cooked some rice, and I don't drink, so I bought some orange juice, like a whole liter of some apple juice. And I was drinking, yeah. Just enjoying, right? Did like a good movie now, I was enjoying it, that was now paying myself for the good week of toil. Yes, yes. Wow. So while I was sitting on the couch, I don't know what spoke to me. Hey! I just decided, you know what? Let me check the markets. You see, the broker was also offering crypto trade. So in the crypto trade, it's 24.7. The normal market is 24.5. So I ended up, I saw, I look at the chart and I saw, at that time I found, the time that Bitcoin was actually falling like nobody's business, is the time, the first time that Bitcoin had hit 20,000 and now it was dropping, it went down to 6,000. So by the time I'm opening my phone, that's the chart, that was the minute that it was falling, like melting down. And I was like, you know what? I have $1,200, why don't I get it to 1,500 so that I can give this guy 500 and I'm left with 1,000. I mean, it's a good business, right? Hey! I took a trade, pressed sell. The moment I pressed sell, it's like I was the support in the market. Like I was the one that executed it. Hey, man! I executed a sell in the market. It went up, up, up. And at that time, remember I wasn't told that you can lose money. So I'm not even understanding what's happening over here, first of all. So when the market is just going, the numbers are just increasing, negative, negative, increasing, increasing. Got to a place to the margin call. I didn't even know it's a margin call. Now I know. My account started blinking like red. I don't know what to do. I'm actually just, I'm frozen. I'm just frozen. I'm looking at my phone like, I don't know what to do. Do I scream? Do I- Do I call my friends? What do I do? Do I call my friend and ask? Because I was not told about the red side. I was told only about the blue side. Yes, yes. Kilogo. The account went zero, zero, zero on my screen. I'm asking myself, okay, so what happened? It's a zero, zero, zero and I'm- So I started consulting, comforting myself and telling myself, you know what, maybe it's the broker that I've seen that I'm risking my money, so they decided to keep it for me. So I didn't know. Nobody told me I got this money. So plus, try to explain that, that the money I mean, you don't know, have the knowledge, you don't have anything, you were just told, finding money, press buy or sell and make money. So I'm trying to consult, to comfort myself over there and saying, ah, you know, I think maybe, maybe, maybe the internet has a problem. Maybe my phone is hanging. So I started, I restarted my phone. It's still zero, zero, zero. I tried to restart my internet. It's still zero, zero, zero. I actually even switched off the wifi and bought bundles, just to check, to confirm, if the problem is the internet. Yes, yes. Cause I thought my, it's actually, the phone is actually hanging. Then at the end, I told myself, I think the broker has taken my money and they will give me back the trading day, which is on Monday. My account is still zero, but I couldn't sleep of course. I'm not sure if you have, I was just in a, a place where I'm not sure what's happening, but I'm hoping for the best. Yes. So Monday, I called this broker and I asked him, hey, ah, I think it's, it's almost trading time, a London session, because you are told you are trading during the London session, okay? That buy and sell. Make my money. Yeah, that's the time you make money. So I was like, it's almost time and still, you guys have not returned my money on the phone. Then the person is telling me, he's using a very big word, I've never forgotten, he called it that name, that your account was liquidated. What liquid? Yes, yes. I don't understand. Why are you telling him about liquid over here? We're talking about money. So stories are liquidated, I don't understand. Wow. Ah, we had a very, a very tough conversation over there on the phone, and to cut a story short there, so she told me that, basically what that means is that, your account is gone, all the money that you had in the account is gone, and you need to fund again. Now, on the other side, remember the guy that I borrowed $500 from? He's calling, needs money, so I'm asking myself, if I don't even understand where the money went, how will I explain to this person, that the money just disappeared in the air? Where will I? Normally we are used to, if you put money in your M-Pesa, it's there, unless you use it. See, here we put money in the account, it's not there. Where did it go? How do I prove I even sold, or bought, or did this? Or even I invested in the first place, how do I prove to this guy that? And I have no, zero knowledge. I think I had a very rough time, but cut a story short, I did return, I did return. Yeah, a couple of years later. Wow. When I made money. It was that passion. Yeah, he was really mad about fashion at the same time, so, he's a good guy. Wow, interesting, interesting journey right there. Everyone normally has, you know, their crazy story of how, they got into the industry, but, one common factor that comes in is, how people normally are oblivious about, you know, the market, the charts and everything. But, I really love to understand you. Now, other than that side of your journey, let's go to the brighter side of the journey now. You've started understanding the market, you know, what this is, you know, what it means. How was that side for you like? I think it was the best decision I've ever made, and I cannot regret that, any time, quite. After I lost this account, I told myself, the one thing that kept stuck in my heart was like, at some point, I knew, so I can do it again. I just need to know, how not to lose it again. Yes. So I started building on that. So yes, I've seen it's true that I had made money. There was profit, so it's possible. So first of all, I cut off the whole narrative of, it's a scam. Yes. You cut off. I know I did make money, so I know I can make it again. What I need to know is, how do I avoid losing it again? True. So I made and I lost. So I need to work on one, build on the building, on the making money, and then lose with them, minus the losing side. So I became a student of risk management. Perhaps today, very big student of risk management. If you go through my whole community, everybody, they know Nick for risk management. Yeah. I usually say, my famous line is, trade what you see, not what you think. If you've been looking for ProFarm, to help you scale your trading journey, then GoFundMe Trader is worth checking out. With over $23 million paid in Trader's Awards, and more than 250,000 Traders worldwide, GoFundMe Trader has become one of the leading names in the ProFarm industry. Whether you're just starting out, or you are already consistently profitable, GoFundMe Trader gives you the opportunity to prove your skills. 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Now, what are some of the tools, resources, that we use to see people saying, their first ever thing they did was get on YouTube, search Forex. Some people say, they bought the canvas to Bible. Some people bought baby peeps. I don't know. What tools do you use? Honestly, I used all of them. The ones that are mentioned. All of them. It was a trial and error, man. I had to be good, and I dedicated myself to be better, because I had said, I'm not going back. I'm not going back to the hotel industry, man. So all this time, I'm home. You're home. Yeah. And what is everyone at home saying? Go back to, Yeah. Yeah, everybody's telling you, go back, go back to an actual job that you can see. Myself, I'm like, no. I have a conviction in me, that I, once meet my employer, will make it happen. I just need to find the edge. So all this time, people are telling you to go back. Yeah. People are saying, go back. Go back. This thing, how sure are you about this thing? How sure are you? So one thing I did, I never told my parents what I was doing. They knew I'm on vacation. I'm on leave. Okay, yeah, yeah, yeah. Yeah, but I was trying to change my, Your career? It's a whole pivoting point, like you have to move all the way from hospitality to trading. It wasn't easy, as it looks like, but right now I meet a lot of people and they're like, hey, you successfully changed your career, my friend. Yeah, it's one of the toughest things. Yes. I think when you are in one industry, trying to get into the other one. Even for me, when I was trying to get out of the entertainment industry and get into the trading industry, it was such a hassle. I think I'll share, I'll share that story one day. Yeah, I will interview you for that. Yeah, interesting. Now, let's talk about something that you mentioned that in the beginning, you started building a community. How important do you think it is for a trader at the start to be part of a community or to have a community on his side as a growing trader? What's the importance? It's really, really, really important. I will tell everybody, if you're starting on trading, you don't have a community, look for one. Look for one. I think Ali over here has a community. I have one. There's a lot of people in the community. Just join one because it keeps you on your edge and keeps you, even when you're losing days, you can see people making, having good days. So it gives you that hope of tomorrow. Might be my day. Yes. I just need to find where I lost. And the most important thing is always find out why you lost the trade. Most of the people focus on the money. I chose to focus on the loss because I usually tell myself, it's an analogy that I keep telling people that if you have a tank and you want to fill that tank with water and the tank has a hole at the bottom, what would you do? Would you rather add more water or the intake, the water that is coming in, or would you rather close the hole? Yes. Even if you add more water, the hole will still keep on draining the tank so the tank will never be full. So I'd rather focus on closing this hole and then the intake will definitely fill up the tank. So it's the same thing when you do risk management. Interesting. Now let's talk about your first ever strategy that you knew about and you used it. And yeah, let's talk about that. Ooh, there was a lot. At that time, I think with this community, all of us were newbies in the market. We didn't know anything. So we were going with whatever we hear someone say. So someone would come up to us and say, you know what, let's do this video. There are some things that are caught here moving average. Let's try them. When they cross, take a sell. When they cross, take a buy. We try them, we lose. Then we're like, no, I had another one called the beat market maker. Let's do it. We tried, it fails. There's other signs that you need to use. Look at the overbought. So you were more on the indicator side. Yeah, we were looking because that's what we were trying. That's what basically we would find on YouTube. Yes, yes, yes. Like I told you, I also went to YouTube and I found out that there's a lot of content on YouTube and it's actually good content. The problem is it's unstructured. You just need to be structured well. So you go into YouTube and you search about Forex and you're a new beginner and you're seeing about a strategy. You don't even know what is happening. It's unstructured, but it's there. So strategies are used, but currently, right now, what I settled with and what I've perfected and it's working for me, pure pleasure. No fundamentals. Just a naked chat with no indicators, no nothing. It's just, I'm just observing the market structure, highs and lows, areas of breakouts and I'm looking for breakout trades. Interesting, interesting. 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All right guys, so that's the broker I personally recommend so you can check them out. The link is in my description and of course it's pinned in their comment section and we're continuing the conversation with one and only Rich Nick FX. I would love to know your ideas or your comments on these types of conversations. Just drop them there and I'll of course get the feedback and try to improve on the podcast. Now, Nick, after how many years would you say you really now became consistently profitable as a trader? Three? Three. It was crazy. So, that is very interesting. Yeah, three. I go for three. I think I usually get this question a lot. Yeah. I always go for 30%. You're supposed to go to hack. You've hustled your way into trading and it's taken you three years to actually be profitable. I'd like to know, how is everyone back at home now treating you? You've been here for three years. You've not gone back to work. What's up? Well, I'd just say, first of all, I spent all my savings. Blowing money back and making money and not making money, just being stagnant with the account. Being afraid and going back to school and learning and learning and learning and structured content until I got to make them structured for my own body to work into. It was a time, it was a time because at the same time, I think I did say that I was unfit for work. You lied. I had to, sorry, no, really, I had a problem with my leg. Oh, okay. I had a problem with my leg. So, you used it as an excuse. Yeah, I was like, you know what? I can't do this because they won't understand. They won't understand what I'm trying to achieve. Let me just be like that and stay. Interesting. And now, let's go back to the reaction after now. It's been three years. Your system's profitable. How is it for them and for you as well? Very happy. Finally, they saw, actually, no, the fourth year, it's really begun, well, actually, it's when I started looking like I'm doing something. It's when I moved out. Got a bigger TV. Yeah, got a bigger TV. Just got something that would transport me from point A to point B, you know? Yes. Yeah, but it's not only about the material stuff. Yes, yes. Again, also, my mental health got better. That time, see, when you're listening to a lot of people tell me this and tell me that, and people always on your head, like, yo, this thing's never gonna work, my friend. Just go back to it. Quick, I've tried it. It doesn't work. Yeah, just go back to it. Or, you know, say, just go deeper. Like, I want to talk deeper. I want to get something that I can do. So, I kept into it. It was not an easy way, but once I got this breakthrough, yeah, of course, I took all the love that I could get from people, and I'm still taking that. It was again, they still don't understand, actually, my friend, don't still understand. They still don't understand what I do, but it's keeping better. Yes. Very good. Let's talk about scaling up as a trader, because I do believe that that is one of the, once you get to the profitability aspect, it is hard, but now scaling up is way even harder, because now you're used to making, let's say, $100, $200, or let's even say $500 a month, but now you have to get to a point whereby you are reinvesting this money to actually now grow your account, and then you have to be consistently profitable, to double it, triple it, to come to a point whereby now this is something that is purely sustainable. You're taking up Forex as a business, because most traders actually never get to that point. They are always getting to the point of you make $10,000, let's say, this month, and then next month you lose five, the other month you make three, the other month you make 10, and they do not get to that point of comfortably saying that, I've been able to make, to be profitable, scale up from this point to this point. How is it for you, and how would you advise anyone who's looking at scaling up as a trader? Perfect. I think I'll answer that in reverse. I'll start with where I will end. Yes, yes, okay. One or two trades, I think. Mm-hmm. One or two trades up there, so I'll come back to that to explain why I named it one or two trades. Mm-hmm. In the scaling up, like you said, it's very, it's very, very few traders do that. Yes. Very few traders treat it as a business. Some treat it as a, it's a side thing. Yeah. You have the mailing that you're doing, the other side thing. Some treat it as just a way of getting publicity and all that stuff. But it's a, you need to treat it as a business. Mm-hmm. So that you know you have set rules, set policies, processes that you're following, right? Because scaling up is, like you said, it's actually harder than even being cost effective. Yes. You can be profitable, but you're never moving from that level. You're just making good for the month. Yes. But you can't actually invest on something like, let's say, maybe buy a land or build your own home and all that stuff. So the scaling up, it needs you to also get a very good mindset. And that's why I like this kind of a trade. Thank you. The mind, the mind beat plays a very big role. Yeah. Mind beat plays a very big role because if you don't know how to, money kind of speaks to you. Yeah. It has its own voice, it speaks to you. And it's either you control it or you control it not. Yeah. So it's one of the things that when you get, you can either go right or wrong. Yeah. But you have it still anyway. True. So in the scaling up, I would say sometimes you could diversify your portfolio because it's very, very, very important for you to do that. Started trading with GVP, USD, EURUSD, then once you go to the scaling up bit, you're starting to diversify your portfolio. Now you're going to stocks, you're going to indices, you're going to crypto, you're going to... Futures. Yeah, futures. You're trading them. And you're seeing how now we're coming to the era of AI. Mm-hmm. True. Check them out. Very nice. Profits are coming in. Mm-hmm. You can be profitable with them as well. Mm-hmm. Nothing is... Anyone, everyone has their own choice. Yeah, true. Yes. Yeah. So, but... But I like that idea of diversifying your portfolio because I really think it also means that you're also spreading your risk. Yeah. You're not just putting all your eggs in one basket. In one basket. Yeah, sure. Yeah. It says, I don't know if it's good, but I'm gonna reference what the Bible says. It says, invest in seven, yes, eight ventures. Wow. Because you never know where a bad day will come in. Yes. So it means any time that you start getting costs that your business is up, there's possibility of bad days to come in. True. So when you have invested in seven or eight ventures, you're good to go. So the three businesses could be having bad days, then four could be having three, and then the vice versa could also happen. And then they support the other one. Yes. But if you put all your eggs in one basket, I think this is the wise man's philosophy. Yeah. That is what our hangers. Yeah. I usually say, I think our hangers, they were traders. Yes. Some of these proverbs that they give, it's like, I resonate with them when I'm doing, when I'm going for it. True. Now, there's an aspect that you mentioned, one or two trades a day. Yeah, one or two trades a day. That has been my thing, like I'll take one or two trades maximum in a day. If they lose, done. If I win, done. There's no point of telling myself, oh no, those who are losing trades. It means you just have a bad day, just leave it. Don't chase the market. True. See the formula that we usually have, fear of missing out, you just wanna be in the market 24 seven. That's how I started. I realized I could take like a hundred trades and still make $50, and even take one trade and make $100. True. Scale it out, plus it gives you some clarity in your head. You see, it's easy to control two trades, even in volatility, in the volatile market, than controlling a hundred trades at the same time. Even on a normal market. The NFPs and the CPI is coming in all big and all huge candles. The candles that usually look like they are weapons. True. Candles. So, I usually stick on one or two trades a day. I will take the first trade. If it's in profit, good. The second trade, if it loses, comes later. Be like, it's okay. So, I would try to go back again and see if I can give my trade a second chance. That is, depending on, it should I find out what I need for. Okay. That's very important. I always go back to see, okay, I've lost. Why did I lose? True. Very important. Wow. And I think, with that kind of structure, it means that your risk is consistent. So, if you decide like, I'm losing $100 in a day, that is it. I'm not losing anything more. And what is a good risk to reward you normally look at? Risk reward ratio, of course, my risk is always one. Always. Now, the reward, depending on the market, how the market looks and what I'm trading and the fundamentals involved in it, it could go one, two, three, four, if it can go there. Wow. But then again, I try to scale it in a way that it's not one trade again. Wow, okay. It's the whole aspect of all eggs in one basket. So, I'll put them as four trades. With the same risk. Okay. Get it? If I'm risking, let's say, 3% per trade, and I see that these 3%, I wanna go to take profit in three or so. So, I can see these are three trades. And I'm gonna give them 1%, 1%, 1%. Okay. So, at the end of the day, I'm still risking 3%. Okay. But I had three trades, which the first one was to take profit close, the second one. TP2? Yes. That one, TP3. Maybe one of them could get to break even. So, ideally, that one will help you as a trader to be able to scale up in terms of your risk is constant. So, when you win, you win big. When you lose, you lose small. Interesting perspective right there. And now, there's something else you mentioned, and I feel like it's an important conversation for people to actually understand. And it is during your journey at some point, you got into the IB business. And many people do not understand the introducing broker, you know, business side of it. Because I normally tell people about the links that I'm putting there. Ideally, I make some money from it. And I also tell them every day that, you know, the industry is big. There are many ways that you can be able to make money from it. Even as a beginner trader, you can make some money on this side. You can be able to introduce people to trading and make some money, some commission from it. How was the journey for you in that business? I say the IB side. Like you said, first of all, like you said, it's very important that most people don't understand the IB side of business. So, most people run into the forex side or the trading side. And sometimes when it hits them or they lose, they shy off from the old and label it as a scam. Yes, yes. But the truth is, these other, like you said, there's other avenues to make money in the market as well. And there's the IB side. The IB side, when I started, I didn't know actually what was it, but someone just told me, you can be an IB. You can be giving rebates if you bring people. I was like, okay, I've done MLM, so it's easy. It's easy for you. Yeah, let's do it. Yeah, I started just doing it. And then I realized, later on, that's when I started learning and I was like, okay, okay. So, actually, I can use the IB money, the rebates coming from IB. To fund your accounts. And fund my account. Okay, interesting. And trade, you see? So, and I was like, you know what? There's a, I don't know if you can say it, but it's like a cool proverb. It says, people are money. Ah, true. I'm like, okay, let's get it. Let's get people. People come in, open accounts, start trading. And I'm getting rebates from it. That's how you make, you balance your portfolio, right? Exactly, yeah, yeah. Because brokers are there, and they're gonna give you very good deals. Like Ali is saying, there's a link in the description. Check it out. You never know. And that's also one thing I wanted to maybe talk about with you. Where we see many people saying, why are you introducing people to this industry if the industry has money? And I mean, affiliate marketing has been there for the longest time. Yes. In every single industry. In every business. In every single industry, we have affiliate marketing. And people need to look at it now as a business. You could be watching this video. You have a community of 30 people you trade with. Or you could be, maybe you have introduced 10 people to trading. And it didn't make money for you. But do you guys know that you can actually make a lifetime commission from just introducing people to trading? So if you really wanna do it, reach out to me. My number is in the description. Reach out to Rich Nick FX. And you can actually make some money. Okay, what I wanted to talk about was, I see many Kenyans say that he's not a trader. He's just making money as an IB. What are your sentiments on that? Well, wisdom. Wisdom. Wisdom, again, I'm not going to reference the Bible. Wisdom is a defense, and money is a defense as well. Okay. But they say it's a problem. So those are two ways that God has given me to remain afloat and successful. You either have money or you have wisdom. If you have wisdom, use it to get money. If you have money, get people that have wisdom that you're gonna need to use. That's why you see rich people that employ people who know their art, they do it. I could be owning a hospital, and I don't know nothing about the hospital. But I have employed people with the knowledge to do it over there. So when it comes to the trading, there's the trading side and then the IB side, all right? So if I can be able, if my strength is on networking and social skills are really perfect, and that's a talent that I've been given to be able to talk to people and show them this is what you're supposed to do, and they actually believe in you because it's not everybody that you speak to and they believe in you, then that's a God-given gift. And if I get to use it, I'm not leading you to a pitfall, no. I'm telling you there's a lot to it. We can learn together, get to a point, I can teach you as well, get to a point where you understand and join. Just join via this link. I have not done anything wrong, I have shown you the whole way, everything clear on the table. So if I make money from that, there's nothing wrong with it actually. Yeah, I mean, it's just like, if I find my account and start making profit, what will you say? I'm making money from trades, not IB? It is what it is. Now let's talk about something very important. Now you, three years later, you became profitable, consistently, you are able to scale up. Now you get to the part where nobody talks about, the part where now trading starts becoming boring. You're no longer excited about the profits, you're no longer sad about the losses. You're just treating it as a business. Let's talk about that. Sometimes people do not understand that, when I'm just sitting with people and then they're showing me chats, like, hey, today I've made $100, I've made $50. I just know like, ultimately they are beginners. But as you grow in the industry, these things start mattering to you and it becomes a boring business. Just like any other business. Once you master something, you do it so many times, it becomes boring. How do you deal with that? I think that's the piece that is the separation. Because it's like, in life there's something called a separation stage. Separation stage is where you're used to a certain art and you go to a place where now you have to separate yourself from it. Not because it's bad, but because you already mastered it. So, as a man, and you know, being a man, you love challenges, you need to do something new. And once you get over it, you're like, okay, can I give it another time? I mean, a bit bigger than this, you know? So, that is the stage, the stage you're talking about, the boring stage whereby, when people are calling me, like, hey Nick, man, that chat you're good. Like, okay, it's okay. I see it every day. I mean, yeah, it's moving. I'm like, okay, yeah. Because, you see, again, I have my one or two trades a day. So, maybe I've already done them in the morning. I'm not even looking at what's happening at 6 p.m. in the evening when gold is moving. Because I've already closed my checklist and I'm done and those are my rules. Discipline is one of the biggest factors. I'm not a trader, by the way. Yeah, my rules are one or two trades. I did them in London station, in New York station. It's moving good, but it's okay. I mean, that's for you. There are more trades in the market. Because the market will always be there. We found it there, we will leave it there. As long as different countries have different currencies, there's always been an exchange going on. All you need to do is learn the skill. To do the learning, remove the L, you're left with the R. True. Once you learn the learning, now you start now moving on the scaling up. Yes. So, ideally, for you, is always looking at the next challenge for yourself. Wow. And that is a good way to look at it. Because if you try to even see the biggest traders that we know, you know, ICT, you know, all these big guys, yeah. I think they reached a point where they scaled up, you know, they just did not become just traders who trade every day. Some got into the authorship, writing books business. Some became, you know, like Lux Algo, one of the people who have like the best indicators. They got into that business. Others got into, like Umar Ashraf, got into Founded Trade Zealot for journaling trades. I think, you know, diversifying and trying to see how you can improve yourself. Because you already know how to trade. You already know how to look for opportunity in the market. You cannot now still stay down and always in the charts. There's nothing else you're doing. So, I like the part where you say, always look for the next challenge. Some of us went to training, to teaching. Wow. I'm just idle, yeah. I already know how to get training. Yes, true. I feel the thrill when I'm telling you this is how the chart moves. And I see people start trading, I'm like, yo. This is good. I did that. Wow, interesting. How often do you do the trainings? Where do you do them? Is it online? Is it physical? Yeah, it's online mostly at the moment, yeah. So, every day in the morning, we have market briefs every morning. I check out my channel, my YouTube channel, RichNick92. Every morning, we do a morning brief, Nick. Mostly, we need to do a coffee with Nick. On Friday, we do a past, just a review of what happened with the market. So, those are some of the things that make me happy. I feel like I'm on zone when I... Okay, you're talking to people, you're explaining to them. Yeah, I'm doing this. And I know there's something, actually, I saw most of the people usually ask, and I've seen some of the comments on the video that you've done, people asking, if you're profitable, why do people train? Why do you need to train people? Yeah. If you're looking for ways to automate your trading with a system that has a proven track record, then you need to check out BMM. One of the biggest challenges that traders face today is finding quality setups consistently and spending hours glued to the charts. BMM solves that problem using advanced AI-powered scanners that identify high-probability trading opportunities across the markets. When a setup is found, you receive a clear buy or sell signal together with TP1, TP2, and TP3 targets, including a stop loss. What I really like about BMM is that it gives you two ways to trade. The first is tap-to-trade. This is where signals are sent directly to your telegram and can be executed on your MT5 account with a single tap. The second option is full automation. This is where BMM can execute trades on your behalf, allowing you to stay active in the markets without constantly monitoring the charts. Today, more than 1,400 traders are already using BMM scanners and automation tools to save time and trade smarter. So if you want to learn more and see how the system actually works, click the link in the description and on your screen and get started with BMM today. BMM, trade smarter, earn more. That's a very interesting question. I have a friend of mine who tells me that, Ali, I make a lot of money, but I don't have a lot of things to do. I'm basically introverted. I basically don't like being out doing something. If you ever get people who want to learn, please just bring them so that I can have something to do. People sometimes want to feel productive. And other than that, let me also make people understand. This is my opinion. Maybe you can share yours. Every industry has different business aspects of it. Let me explain. Even the forex industry, you can become a trader. You can become an author once because you're successful. You can now sell a course. Maybe you do not want to spend time in the charts. You already have built that skill. You are impacted to other people. Make money from it, okay? You can decide to build an indicator that works for you and with good history, with good profitability, make some money from it. You can become a CEO of a brokerage company. You can never tell me now, if you are a good trader, why are you going to school to become a CEO of a brokerage? Just trade. Just the same as every industry, you can never tell the lecturer who's teaching you mechanical engineering, come on, why are you teaching me? Go and look for a job. So I think that's my idea of looking at the industry. Always look at every opportunity. Let me tell you, there's no money that you don't need. As long as you always need money. Like, let me give you an example. If I ever get an opportunity to write a book, mind over trade a book, I'll definitely write it and sell it out there and people will buy and they'll make money from it. If I ever get an opportunity to build one of the best indicators that could compete the levels of Nephew Sam, the levels of Lux Algo, make money from it, I will do it. And I will not care what people will say that, if you're a trader, why are you selling an indicator? I mean, who never needs money? How much money is enough? That's the point. I mean, ask yourself, how much money is enough? I mean, you want to do even the, look at who that is right now. Elon Musk has billions and billions of dollars. He's actually worth a trillion, trillion, yeah. Exactly. You're gonna tell Elon, now you have a trillion dollars, why are you doing this and this, you know? Do nothing else. Don't be like, no, I need, I think I need to have a new idea to do something else. Interesting. Since I have money to do it, so I'm gonna do it. Yeah. I'm gonna do it, I'm gonna see next year is somewhere, one point something. Exactly. Two point something. Yeah, so listen guys, I'm going to make money through trading. I'm going to make money through affiliate commission. I'm going to make money through every single avenue I will ever get in this industry. And I will not care what anyone will ever say about that. You know, I saw something, and it's a meme. Yes, yes. Actually, really makes sense to me. The meme was saying, when I get money, when I become rich, I don't want to hear anybody telling me money has changed me. Because when poverty was beating me, nobody asked me. Yeah, true, true. When poverty was killing me, nobody told me I'm changing. Interesting aspect. And nobody was even bothered about you. True. Right now that you started, you've found an art, an art trade, which is making sense, and it's making you a living. Yes. If I can find as many doors as possible, like you say, it's even in the Bible, I've just read it. Invest in seven or eight ventures. Exactly. And if you get an opportunity right now, we don't have jobs, we don't have any sources of income. If you get that opportunity, guys, take it. Take that opportunity, make your money. Ask, learn how to do it later. Exactly. While you're inside. Take that opportunity, make money, and there's no way it will ever be written that this phone was, you know, I bought it with affiliate money, or I bought it with forex money. It really doesn't matter. The point is, no one will ever value you. For men watching this, as a man, when you don't have money, just get your money. As long as you do not steal from anyone, as long as you do not scam anyone, as long as you just do the right thing, work hard, get your money. That is all that matters. Now, we are almost winding up on this conversation, Nick, because one of the things that you mentioned when we started is the strategy that you use. We're going to briefly talk about that. And don't worry, guys, I know you guys love the strategies. I would like you guys to comment the word strategy, if you'd like him to come on the next podcast and tell us his strategy. So let's go. Briefly explain to us how you look at the markets, how you get in, how you get out, the multi-timeframe analysis that you do. Yes, yes. All right. So it's quite simple as this. I call it just simple price action. I'm just identifying areas of support and resistance. These are the highs and the lows. Of course, on a multi-timeframe analysis. We start all the way from monthly, weekly, daily. As we go down, four hours, one hour, 30 minutes, 15 minutes. Okay. So I'm going to be looking for an entry at 15 minutes. Okay. But I start looking for the highs and the lows on Monday, come down daily, weekly, daily, four hours. At one hour, because I'm a day trader myself, so I know a day trader mostly focus on four hours, one hour, and the 30 minutes or 15 minutes. So once I identify areas of, key areas of support that needs to be broken, I'll be looking for a breakout. Okay. So how do I get a breakout trade? I get a breakout trade when the candle closes above or below a support or resistance, and closing basically, and the body close, not the week. Yes, yes. Do you wait for, once it's a breakout, you just take it or do it for a retest or anything? Oh, well, you have to. Yes, yes. It's like your confirmation. Yeah. You have to have that checklist of what you're looking for. Plus, patient. Yes. It's a virtue. It's very important. Yeah. So you wait for that candle. It doesn't matter if it's a one-hour candle. I want a one hour of just watching the candle, watching the market, and then you see the candle close, above, very nice, the body, small week, the next candle open, retest down, gets rejected. As it moves up, breaks the previous candle high, boom, in, stock was just below the factor, previous candle low, right. Interesting and very simple. I'd love to have you here where you explain it to everyone. So guys, stay tuned. We're going to be having Rich Nick FX. Again, he's going to come and share how he does his strategy. Please, if there's a question that I've not asked, if there's anything that you'd like to tell people, maybe it's your social media platforms, your phone number, anything that I haven't asked you, it's your chance right now. Right, yeah. Number one, I would say, something that we've missed is, it's actually not missing, it's just something we're cutting short. Is in everything, all of these things that we're trying to do, number one, put God first. Put God first in whatever you do. If you want to have what you think Ali has, or what you think myself have, and all the other great traders out there in Kenya, there are a lot of them. If you want to have that, remember to always put God first. You may not be doing the right thing, you may not be the perfect person, but he will always be there. Wow. On the other side, yeah, my social media handles. Yeah, sure. YouTube is richnick92, it's over there. You just find a fresh, fresh, fresh link one hour ago. Just did a market brief on gold and EURUSD over there. And the same goes on the IG, richnickfx, TikTok, same thing, richnickfx. I'll actually put the links in the description as well. Yeah, yeah, yeah. Yeah, so thank you so much for coming. Really appreciate your time. Looking forward to having you on the next episode. Yes. So I'll see you around. So thank you so much, guys, for watching. I've also put links of all the, you know, my recommended broker, my recommended platform, TradeZilla, where you can learn how, you can actually journal your trades so that you can actually be able to know where you went wrong and why you went wrong. Just your emotions. You can actually, you know, there's a lot you can actually do with TradeZilla. I can give you what's your win rate, what's your profit factor, all those things. So ideally, all the links are in the description. And of course, if you want to be part of my community, feel free to reach out to me on my platforms. In other words, everything is just in the description and in the comment section. So interact with the links. And of course, what episode are we on, Suleyman? It's the sixth episode. I'll see you guys in the seventh one. This has been the Mind Over Trader podcast. I'll see you guys in the next one. The Mind Over Trader podcast, where we outthink the market.