Join Kevin Jefferson, Global Managing Director of FollowMyTradesdotCom, Inc. on The Limited Partner Podcast as he explores Forex as an alternative investment option. Discover how Forex can be your gateway to alternative investments and gain valuable insights to enhance your trading strategy.
In this podcast conversation, Kevin sheds light on currency market trading, providing a comprehensive understanding of this exciting financial arena. Stay informed about the tax consequences of actively trading currencies and learn how to diversify your cash flow through currencies trading. Don't miss out on this engaging and insightful episode that can open up new opportunities for financial growth.
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📌Chapters:
00:00 - Intro
02:31 - A Quick Guest Background: Who is Kevin Jefferson?
07:05 - The Reason Why He Pursue Currency Trading
09:20 - What is Currency Market Trading?
10:20 - The Cause of Value Imbalances for Different Currencies
13:22 - Why Do We Use Leverage in the Currency Markets?
15:20 - Enter the World of Digital Trading
16:50- He Only Trades One Trading Pair (GBP/JPY)
19:17 - How He Makes His Trading Decisions
21:55 - Supply and Demand Zones in Currency Trading
24:10 - FOREX as an Alternative Passive Investment
27:05 - How Do Prop Firms Work
29:13 - Do You Actually Lose Money in Prop Firms?
28:45 - What is Performance Risk?
33:20 - What is Opportunity Cost Risk?
35:05 - Currencies Trading = Diversifying Cashflow
36:56 - Tax Consequences from Actively Trading Currencies
40:17 - Pro Tip: Leverage on the Experience and Expertise of Others!
40:56 - Ending the Show with a Little Bit of Gratitude
42:54 - Thanks for Listening to The Limited Partner Podcast!
