[00:02] &A video on my channel, where I'll be answering the questions you've asked me on Instagram, covering topics like trading, personal life, psychology, and investing. Everything I find interesting, and some questions you [00:14] see repeated a lot, I'm going to answer in this video. If you want answer in this video. If you want on Instagram, which you can find in the description below. And then when I [00:27] upload the questions, you can post yours and see if I answer yours in the next Q&A session . That's where I choose all the questions you'll see in this video on my Instagram. Without further ado, let's get to [00:40] the first question you asked me . Why do some people say that Forex trading is a scam and does n't work? Well, there are many people who say this basically because they have never made money from [00:52] trading. So, the most common thing that happens, whether in this business, in trading, or in any other, is that if you have invested money and haven't been able to win, then when people ask you, whether because of your hatred or anger towards [01:04] this business, this sector, the most common thing is that n't worked for you. This is the most normal thing in the world. And not only with Forex trading, people who trade futures, cryptocurrencies and all this kind [01:18] hear many people who have tried but failed say that it's a scam and that it's not possible to make money with it. Why do so many people say this? Well , we have to start from the premise that [01:31] start in this sector, in this business, begin by being scammed. Because? Basically, because 90% of people who start trading, myself included in my past, always look at people who show [01:45] luxuries, good life, money, cars, women, trips, whatever, that is, lifestyle. Usually, those people who share that content, which is practically everything but trading, are usually scammers, and that's the [01:58] reality. They usually embellish their videos, their Instagram and everything with their cars and their luxury, their fake luxury to make you believe that trading is very a lot of money. Therefore, the vast majority of people see these types of [02:11] buy their current course, their current signals, or whatever. What's going on ? Those signals, that course, and what that scammer offers, well, what he's that person out of their money. In other words, the person who [02:25] swindler, ends up losing all their money and all their savings. Basically, it's a scam. Because? Well, because he was scammed due to having incorrect projections and objectives, basically what [02:39] money, and since he lost all his money, he'll say it's a scam, but trading isn't a scam. In fact, I do this professionally and you can see that I consistently withdraw quite a bit of money from funding companies. In my case, I've already made over 300,000 [02:54] in payouts with funding companies. Therefore, a business where you withdraw more than $300,000 is obviously not a scam. But in summary, the vast majority of people are left with this opinion because they start to learn about trading [03:07] believe these people are practically scammers. So, they all their money, and the bottom line is that trading is a scam. No, you were scammed by someone, but no, trading is not a scam. Let's move on to the [03:22] second question. They say that in Dubai you don't pay taxes. Would you consider starting a business or investing in Dubai? Yes, in fact I'm constantly looking at options or investments in different countries. In my case, for [03:34] example, I am from Spain, and I currently live between Spain and Cyprus. Because? Basically, because in Cyprus I'm paying around 15% in taxes, and in Spain I'd be paying approximately 54%. It's absolutely [03:46] I'm not willing to pay it. Therefore, I live here in Cyprus for 6 months, a little more than 6 months to be a tax resident here, and the rest of the time, if I travel or the rest of the time, would be in Spain. So yes, I am constantly [03:59] looking at investment opportunities, whether in Dubai, Cyprus or Spain, and I have been looking at Dubai quite a bit. What's happening to me? Dubai, as a city to live in, I don't particularly like . Firstly, because I [04:11] am not a person who loves luxuries, life, lifestyle, the Lambo, the building, the restaurant that charges you $600 for a piece of meat with gold. I do n't like that kind of ostentation. I know that many of you, and many other people, [04:24] like that kind of ostentation. Not me personally. I am very calm in my place, in my home, in my house. Uh, simplicity, getting up, having time to go for walks, going to the gym, eating well. I like that kind of life. I understand that there are [04:36] ostentation, that luxury. Personally, I don't like that falsehood and . That's fine for living there, but it doesn't really appeal to me much for investment either. Because? Well, basically because I think the [04:51] opportunity in Dubai was a few years ago, 3 or 5 years ago or even 2 years ago. But right now I think that in Dubai the percentage of return you get from a one-bedroom or two-bedroom apartment is quite low. We are [05:06] looking at the Dubai housing market, and a one- bedroom apartment in a good area of ​​Dubai can currently cost you 230,000 to 240,000. Including this, the community, that is [05:18] pool, garage, gym, all that kind of stuff we see in the videos, has a cost and maybe it's costing you 150-200 per month. We would be talking about the cost of those amenities in that community skyrocketing to [05:31] over $2,000 annually, considering that yes, for a or two-bedroom apartment rental in Dubai, you can ask for $3,000, $4,000 , $5,000, but you're spending $ 230,000, $250,000 on a one- [05:44] a good investment. I think a higher return can be found much more easily, even by investing in indices like the SP500, Nasdaq, you'll probably surpass the annual return you'll get from that apartment in [05:59] Dubai. So personally, it doesn't appeal to me much. I think two or three years ago it was a very good opportunity because it has increased in value quite a bit, but nowadays it does n't appeal to me much personally [06:11] but well, what I know and what I know about Dubai currently doesn't appeal to me. Third question, they tell us, "Do you see a future in trading? How sustainable is it to have a long- term plan for this?" Well, let me tell you [06:24] capitalism wouldn't exist. And this is the centuries and centuries and centuries. And trading isn't going to die, nor is it . Moreover, trading is very likely to become increasingly globalized [06:39] . In the past, not more than 20 or 30 years ago, people could not operate mobile phones or computers. Currently you can operate from a a computer, from a laptop and you can execute an order virtually instantly [06:52] . Just the other day, I was at a dinner party with Spaniards here in Cyprus and there were several traders there. One of them was a bit older, CT, about 55 or 60 years old, and he was a trader. He told me that he started [07:05] was a trader. He told me that he started trading when he was 18 and is now 55 or "Hey, I mean, how did you trade back then ?" Well, he told me he did trading via teletext. I don't know if you Spaniards here remember [07:18] teletext. I don't know if this was called that in Latin America or not, but it but how did you enter an operation?" And he said, "Well, I would see the prices on bonds, indices, and everything, and I had to physically go to the bank to [07:32] physically buy it from the banker, right? The one who executed that order on the window, and execute the order there at the bank. Tell him, 'Hey, buy me €100 worth physically. I mean, imagine how long trading has been around, and believe me, it's [07:47] not going to die. Trading will continue, because currencies continue, stocks continue, companies continue, so all of this is going to grow much, much, much more. In fact, I think it's not a reality. In Latin America, in [08:00] Spain, in much of Europe, investment is still not at its peak. In the several documentaries, series, and so on, and it's very typical for people to prepare an investment plan for their child when they have a child." The S&P 500, the Nasda, and some [08:13] stock indices. In Spain, I'm 28 years old, and I don't know anyone who opened an investment account for their child when they were one year old. They don't even open one when they're 35, imagine when they're one year old. I mean, imagine how much [08:26] progress there is still to be made in this world, right? Especially in Europe and much more common, and those of you who live there can tell me in investments in stocks, bonds, and indices and to be [08:40] interested in all this trading and investing stuff. But in Europe, and more done by the three or four geeks around. There are hardly any people investing , but I imagine it's practically the same as in Spain. [08:54] So, to sum up my answer, trading has a long way to go, and I doubt it will ever disappear. On the contrary, it's going to keep growing . And let's move on to another question. Do funding companies make a fuss when you regularly withdraw 500,000, or $1,000, or $1,000? They [09:08] shouldn't. Withdrawals of $500 or $1,000 are well-known funding company, let's take FTMO Alfa Capital as an example, I'm absolutely certain that it bills several, probably tens of millions a [09:23] withdrawal of $500 or $1,000 isn't going to hurt them much. Obviously, if you go for larger withdrawals, for example, I made a withdrawal of $19,000 from FTMO, several of $7,000, several of $11,000, and that's when the problems started. In fact, they've banned [09:36] me from making any kind of trading idea, limiting it to a maximum of 1%. The " trading idea" clause isn't even in their rules. It's only for people who are already causing them problems. Honestly, in my case, I made a withdrawal... $19,000, and that's when [09:49] the problems started. But hey, it's something I accept because I like to challenge myself. If it were just about withdrawals of $500 or $1,000, I probably would have quit trading by now. Why? Well, it's not about [10:03] ego or anything, it's just that I like to set goals, and if I was bored with trading. So, I set objectives, I set goals, and in this case, one of my goals is to maximize my funding accounts and [10:16] withdraw a significant amount of money. That's why I 'm one of the Spanish-speaking traders with the withdrawals from funding companies. For example, I 've already withdrawn almost, well, not almost, it's already surpassed $100,000 from Fanden Next. I've withdrawn several [10:29] times from FTMO, $19, $11, $7,000 from Alpha Capital, and twice from top weekly payouts, which... As Alpha Capital. I like to set challenges for myself, and sometimes this backfires because I start getting banned or limited, but that's [10:44] challenges and goals. Regarding your question about whether withdrawals of $500 or $1,000 will raise eyebrows, probably not. If you're using very new and small funding companies pay out, then probably yes. But if you're using well-known funding companies with significant [10:57] user traffic and client traffic, you won't have much of a fairly small withdrawal, and they won't raise any red flags . If you exceed $5,000, $10,000, or $ 15,000, generally speaking, then problems will likely arise. Let's move on to [11:11] the next question. Is it true that the market changes in certain months of the year? Yes, obviously the market is cyclical, and there will be market situations that affect our way of seeing the market. and our trading style suits them better or [11:26] strategy, my trading style, when the price expands significantly, it doesn't suit me, usually have more streaks of stop-loss orders. Why? Well, basically because I'm accumulation trader. Personally, it works very well for me when the [11:41] and is quite predictable for my strategy. To give you an example, January was the best month of my life because I withdrew $67,000 from funding companies, and I haven't repeated that month . I've been between $ [11:55] 20,000, $30,000, even $40,000; I think I withdrew around July, but I've never reached $67,000 again. Why? Well, basically because there are better months, there are times of the year that are better for my strategy, and [12:07] personally, my trading style favors vertical market expansions, that is, when the price only goes up. It goes up, up, up, or down, down, down, down—personally, my trading style doesn't work that way. It works, [12:19] but less so. Personally, I find it better to do what most people do throughout the year, which is range-bound, accumulating. Yes, I trade expansions, but it probability of my strategy working correctly, because my strategy works much [12:33] better when the price ranges, distributes itself a little, not too much, in one direction, my strategy, for example, doesn't perform very well. Obviously, I already know all this; I've backtested it, and I know [12:46] that when the price is high in certain months or weeks, perhaps due to stay somewhat on the sidelines of the market. Why? market conditions, where the price is pushed so high, don't suit my strategy [12:59] very well. So, to answer your question about market trends, does the the months? Of course, there will be times when the price stays in a certain direction for longer. A box, within a range, and there will be times when the price is more erratic or goes from one [13:11] side to the other with hardly any pullbacks, and that happens, and there will be strategies that work better with expansions, there will be strategies that work better with accumulations. I, for example, trade currencies, I trade the euro/dollar, and most of the time I'm [13:24] certain periods, in certain weeks, in certain months of the year, but the vast way that suits my strategy extremely well. We get asked when the next opening of places for the training will be. Well, [13:39] the opening of places for my training, as you know, is always limited; I usually only open 10. It's always publicly available on my website at vilago.com. You go to the training section, in this case, professional, [13:53] beginner's training that's very affordable if you don't know anything about trading and want to get if you want the professional one where I explain my trading strategy in detail, Pro trader. In this case, you go to the [14:08] see the price, the number of places available, In this case, the next opening, the closest one, is November 1st, and by the way, reservations are already open. And something that some of you do [14:22] n't know, and that I always like to explain and warn you about, is that my training courses are always increasing in price. I remember about a year and a half ago, my half of what it is now. Therefore, if you want to train with me, [14:36] the best time is during the next opening because the one after that opening because the one after that will be more expensive. Why is it so difficult to do what we know we have to do? Well, this question is very common. [14:49] This question probably falls under the topic of psychology and is the occasions, especially beginners and people who don't yet have control over themselves and their strategy, their way of trading, it's [15:04] that Overtrading, experiencing FOMO, and having these two feelings that are the most typical in trading: overtrading, wanting to recover what you've a trade that hasn't given you entry confirmations, but wanting to [15:17] jump in because you don't care, you want to be part of the movement, whether it's good or bad. These two feelings are the most typical and also the hardest to eradicate, the hardest to shake off. What do [15:29] I advise doing to avoid all these situations, all these things? Well, the first thing is to have a fixed schedule. Many of you will say, "Hey, but I've seen off-hours scenarios, I've seen [15:42] setups that have happened in Asia." Okay, fine. Well, if you're watching the market all day, you're very likely going to trade a lot. Why? time you're investing in the screen. So if you're watching the [15:55] New York session, and all the sessions around the world, what's going to happen is you're going to see a trade in Asia and you're going to enter it, you're going to see a trade in London and New York and you're going to enter it. And what that's going to lead to is practically [16:09] going crazy because you won't know when to enter and when to exit. having specific times, in my case, the London Stock Exchange opening and the New York Stock Exchange opening. Most scenarios, most [16:22] stock market translations. Why? Well, for a very obvious reason. Market volatility is openings. That's when the interbank algorithm is sending and receiving those bank transactions. Obviously, outside of trading hours, 20 or [16:35] 30% of trades can occur, that's clear. But what are you going to do? Are you going to spend all spend all day staring at the screen? You can't do that. That's it. First Second, because you'll overtrade and blow up all your accounts. And [16:48] mean, imagine working construction for 18 hours a day. That would eventually cause your brain to collapse and practically seal your fate. Therefore, trade on a fixed schedule so you know when to trade and when not to. This [17:02] will save you a lot of stress and overthinking. by having clear schedules and patterns . Listen, if this trade were to go out right now, I wouldn't take it. In fact, I shouldn't even be looking at the chart or the [17:15] reaching a point of obsession with the chart. And the only thing that will lead you to is losing a lot, a lot of money. Another question: what do I think of instant funding? Well, I think instant funding is rubbish. [17:29] Why? Basically because it's extremely expensive. And their rules are really, really have very, very high prices, and the rules are usually sense that they have a trading drawdown, meaning the drawdown [17:43] erodes your account equity, and they usually have very demanding consistency rules to make it very difficult to withdraw money. This makes it money with instant funding accounts . Why were these [17:55] unprofitable and lazy people. Why? Because they tell you, "Hey, I'm going to give you $6,000 instantly if you pay me a deposit of $1,000, $ 700, or $800, but you have this trading drawdown rule, you have this [18:09] $2,000, in short, you have a series of rules and regulations so absurd and restrictive that you'll probably end up giving your money away." away from the instant fund because it's absolute garbage. I don't recommend it at [18:24] all. I always recommend two-stage funding, the most typical one, and if you n't recommend, I always recommend two-stage funding. Because? clearest rules and the easiest to follow. Why do they do this [18:38] all that kind of stuff? Basically, it's for people who aren't profitable, for lazy people, and to be able to get their money in a very easy way. People who use instant funds usually lose all [18:50] their capital, so stay away from those types of accounts. Let's move on to away from those types of accounts. Let's move on to the last question, and Bernard asks what made me focus on trading. Well, I mentioned this [19:03] in an interview I had with the CEO of Neoma, Ángel, which you can find on the Neoma channel; just search "I saw something" or " Neoma interview" on YouTube and it will come up. And I basically discovered trading when I [19:15] was, well, I don't remember exactly, 16 or 17 years old. I was in high school and the documentary, well, she showed the whole class a documentary about trading. At absolutely nothing about what it was, neither did my parents, nor anyone close to it. As I [19:30] investment culture in Spain is practically nonexistent, unless you live in an upper or middle class with money and have heard about some kind of example, come from a working-class background; my father was a security guard and my [19:43] of investments in my house has never come up, basically because we barely made it to the end of the month, so we didn't have time to think about investments. So, at that time, that lightbulb went on in my head and I [19:56] started thinking, I mean, wow, this trading thing, working from home, at that time, well, obviously I didn't know absolutely anything, right?, about investments or anything. But anyway, that little lightbulb went off in my head, and this meant [20:09] that when I was older, with the whole cryptocurrency thing, with all news that was going on, right? When the stock market went up so much in 2019, 2020 around then, right? Then there was that big drop with, well, the lockdown and everything else that [20:23] everything went really viral, right? This kind of cryptocurrency, in fact, many of you also learned about trading because of that. Well, that's when I kind of remembered that moment in class and I said, "Hey, I'm [20:36] I liked it." I mean, I don't know how to write it to you, right? It's like someone who likes to paint, like someone who likes to read, like someone who likes to write, I don't know. I analyzing charts, I like trying to predict the market, I [20:50] obviously like making money, I'm not stupid, but I don't know, I like it, I enjoy it. In fact, if I didn't dedicate myself 100% to this, I would most likely also have it because I really enjoy it, I love it. And also, of course, because of the [21:03] luxuries and having this type of ostentation that sells a lot on social media, but working from home. In my house, in my family, well, nobody has ever worked from home, we've always had to go out to earn a living, right? Time to [21:17] well, you had to get dressed, you had to leave half an hour early for work, with people, customer service, me being a security guard, and dealing with scum of society, this is the reality. And I realized that working [21:31] from home, that was a dream for me, was n't it? It wasn't so much about having money in a house with a pool or to, no, work from home, get up and to my room and earn money, earn a living working from home, okay? That [21:46] Because it saved me the time I spent driving to work, it saved me from having to put up with people in the service sector, right? Listen to problems, listen to people. It saved me the commute home from work, which I remember used to take [21:59] half an hour, 40 minutes, to come home, clean, make shower, and then go back again. And it takes up a lot of time going to and from of you have to do. And for me then the first goal at [22:12] that time was to work from home, that is, to earn money from home. And that time when I saw, since that moment when I saw that , it turned on that little lightbulb and later, over the years, it made me [22:27] fall in love with this beautiful and very difficult profession. This concludes the liked it. In the next Q& A, you can catches your attention about me, because I've seen a lot of questions about [22:41] change things up a bit. Okay, the videos explaining strategy, trades, and such are already out, and well, these videos that are a bit more personal, just me in the next Q& A you can ask some [22:54] certain things, certain topics, certain news, whatever you want, , I hope you enjoyed this Q&A. This is the second one entertaining. I really like that you get to know me a little better and learn a little [23:07] a little better and learn a little more about me.