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10 dollars
And now to a point where I make 3,000 in like a day
Wow
Just got a bunch of them
In the months to come, I'll probably get something like a Lamborghini Urus or whatever.
Hello everyone, this is presenter Ali.
The A.E. is always for amazing
Believe me, you guys, we are currently in Uganda.
And we've come to have an amazing conversation with one and only
V.E. Dola himself
What's up, my brother?
Oh good, bro, how are you doing, man?
Oh, let me first say congratulations
The past two years have been enormous.
Bro
We last had a conversation together about two years ago.
Yes
We had a Mac X, drove it up to Kenya.
Last year I got a Mercedes.
Now, Ali this year on my birthday got me a Range Rover.
Looking at it, it feels like just the other day
That's the crazy part.
Yeah, the last time we were having this conversation
One thing that actually stood out was the way
You are consistently making a profit.
Yes
How's the progress so far?
I do remember, actually, by then
The numbers weren't that extreme.
But now I would say they're much crazier.
Because I've had days where I made around $3,000 in a single day.
Wow
Actually, the funny thing is
Like in my first year, I was making around $10 a day.
Then at some point I started making around $50
How's it going, bro?
I would say gratitude comes first.
At some point you have to sit down and say
Oh my goodness, I'm so grateful
Yes
Because that's how I feel you just keep growing
Is this something you've always known was going to happen?
I've always been a positive person.
Even with work, now specifically with trading
I've always been positive.
I know it's going to take a little time.
But if I can hang on, keep getting better
All these things will fall into place.
And I just got a Range Rover
In the months to come, I'll probably get something like a Lamborghini Urus or whatever.
That's good, bro.
So you can only appreciate yourself
Because if you won't
Then you can't even see how much effort you're putting in
Yeah
Yes
How do you start trading?
What is trading, in the first place?
Forex trading is essentially the exchange of currencies.
You could be buying the dollar for the pound.
or say the dollar for the Kenyan shilling
It's just like how you could go to a foreign exchange bureau.
And you want to exchange money
So you're buying and then actually selling
Two transactions at once
Yes
This time around, we're doing everything online.
And that means if you had a phone or a laptop with internet
Then you're able to trade
Someone could ask
So how do I make money now?
Yes
That's fine
So what happens is we buy currencies when their value is low.
And then sell when the value is high
A much clearer example would be
How you could purchase something at a lower price
Expecting as the value increases
Obviously you're making money.
Say you bought something for $10.
And in a month, it's going to be $50.
You've made a bit of money.
To begin trading
I'd say it's pretty easy.
Having a phone is number one
A phone is like the biggest resource or asset.
Any trader is going to have
I have a laptop, but I'd say my phone still does the most.
Oh really?
Yes
Interesting
Yes
And then install the trading platform
So you can install MT5 MetaTrader 5
It's like a global open platform.
That is open for traders.
Off that you can have a broker
So a broker is much more of an intermediary.
Between you, the trader, and the financial markets
So a better example of understanding what a broker is
Could be
Say you wanted to find a house
In a given area of Nairobi or any city
And you probably can't get to that place.
You need an intermediary to go do the research for you.
So now that's the brokers in the forex market.
So brokers must be regulated.
Just a few things to consider before making your choice
Then you also look at how fast the deposits and withdrawals are.
Because that's the most important part
That's why you carry out all your transactions
Shouldn't be in a place where you've made money
And these guys won't let you withdraw
Or you have to wait for about 72 hours
It has to be instant.
Instant, yes
I think the most important part for any trader is
Gain the knowledge and truly understand
How does the concept work?
I don't want people to get into trading
Oh, because I saw VDOLA, you know
The new resolver
Yes, exactly
I want one too.
You know, right?
And make money
No
I want us to look at it in a sense of
This is a real business.
What's my approach?
And at the end of the day
What do I want?
And am I ready to put in the work and learn?
I'm going to pin the link to VDOLA's video.
Where he's actually done a step-by-step tutorial
How to start forex trading in 2025
You can actually check it in my description, guys
Watch that video, it's amazing
You're going to learn a lot.
And the fact that you've clicked to watch this video
It's something I'm certain you'll be interested in.
Let's go back to having this conversation on VDOLA
Would you say your psychology has also improved?
Or changed in some way?
Two years is a long time.
I would say I'm much more confident.
You see, one thing I've noticed about trading
The more you learn
Then the greater the confidence
I've lost money
I can proudly say that
Because I have learned throughout the entire process
And I've adapted in order to become a better trader.
Actually, trading psychology takes up
Like the largest percentage in any trader's cycle
They say 20% for your risk management
20% for your trading strategy
And then 60% for your psychology
But now, none of us ever look at
What is included in psychology?
Well, fair enough, it's like
How do you feel when you're in a trade?
Or panicking, what, what?
But on the other hand, let's think about it
Would you panic if you truly analyzed your trade thoroughly?
Yeah, you got it.
Like, probably not
I'm like, if you have a great trading strategy
Do you believe in your system?
You've tested it several times.
Then you're really good with, you know, trading psychology.
How would you say your trading strategies have changed?
Yes
You know, for the past two years
I've been using the same strategy for about three years.
Basic, simple
Support, resistance, and all that kind of stuff
In 2024, either mid or the beginning
At some point, I had a huge losing streak.
So I sat down, and I noticed something was changing.
There are repetitive patterns.
Always evolving
So you, as the trader in some way, must
Because if you don't, then sometimes you might find
You're using an outdated system
In markets that are actually evolving
So you're probably left behind
So I came down, had to learn a few things here and there.
I had to refine my entire strategy.
And for now, I've been using it for almost a year already, actually.
And things have really changed
Maybe for someone who is actually interested
They'd really love to know
What is your current strategy?
I just want to say, please, keep your trading strategy simple.
The more you overcomplicate it
Then the greater the confusion
So to me, I'll always come over to chat.
First things first, I need to see what the trend is.
Because we have major market movers
If the trend is upward or bullish
Then we have institutional traders.
Big banks and all that
Leveraging that
So that's the first thing
I'll always do that on larger timeframes
I know, okay, this is on the daily or the hedge for
And we have, say, a massive push upward
First thing
Then the next thing that I'll do is
I will now outline the key levels.
Key levels for some traders could be demand and supply.
You need to see what other traders are selling or buying.
Because you also need to take advantage of that
So I'll always draw those levels
And then after that, I'll switch to smaller timeframes.
Could be similar to the M15 or even the M5 for entries
So just three criteria
First, I have my overall trend.
The next step, I have my key levels.
Could be my demand, supply
Some people could even say support and resistance.
I don't know, order blocks and all that kind of stuff
Then I'll switch to smaller timeframes.
For entry confirmations
And I'm good
Has it ever happened to you in any way that
Are you finding that you're not managing your risks effectively?
Yes, I would say for the past two years
I've become more or less aggressive.
By then, I was much more aggressive.
Like if it's $1,000
I'll open up crazy amounts because I want to make a fortune.
But I'm only doing that on good setups.
I know this is a great setup.
And I'm ready to risk it all and make it big
But now I'm much less aggressive.
I think it's being conservative.
Because I now trade with more money than I did back then
Because I have an account with about $15,000
At least I know here if I made $1,000 or $2,000
Pretty good
Yes, there have been a few global events.
That have been taking place
We have the elections, we have immigration
We have the wars in other places.
Of course, it's very unfortunate.
But I want to know
Do you think they have had an impact on the foreign exchange market?
Yes, actually last year we saw gold break through the all-time high.
I think by the time this is done
It's probably just at the all-time high.
Then Bitcoin also went up to around $100 or more.
Yeah, I remember.
Yes, yes
Also that we have Trump in now
We're actually waiting.
Because I just noticed
I think he imposed tariffs and all that kind of thing.
That will mostly affect the dollar.
Now the funny thing is
The dollar is like the major currency.
Yes
So if it is being affected
Like the entire forex market is going to
To be affected
Yes
See this guy
He's that kind of person who's going to blow up on Twitter
Just launched my new project — excited to share what I've been working on! 🚀 #NewBeginnings #Innovation
Yes
And you see like a huge crazy move
Yes
So we're all just waiting to see what happens.
All in all, we are just ready.
Do you think it is positively impacting crypto?
Could have a negative impact on the foreign exchange market?
At the end of the day
If you can make money trading crypto
And make money trading forex
We will still have people participating in the foreign exchange market.
Making a fortune
I think at the beginning of this year
There's been a crazy trend
Trump launched a meme coin.
And you know everyone is now getting into crypto.
And all that kind of stuff
Personally, I stayed in the forex market.
Killing it
You mentioned that you've had instances
Where you had a losing streak
Yes
Would you say you were not managing your risk?
I was actually managing them.
To like that reasonable sense
Because actually if I hadn't been
More than enough, I would have blown up
Like a couple of accounts
Yes
Because as you can see, you're taking a loss today
So you're taking a loss tomorrow as well.
Then even the other day
And if you're not truly managing the risk
My account is literally gone
Because I've actually managed to learn it that
Even if you have a good trading strategy
But you're bad at bluffing with risk management.
Bro
It's also hard to stay consistent.
Because okay
I mean, you have a great strategy.
You made money today.
But now let's say you risk 50%
Yes
Because now let's say you're trading off
With around $1000
Yes
And you risk $500
Because you want to make around $1,000 or something
And now let's think about it
You take a loss.
Yes
Bro, that's $500 gone
What about tomorrow?
Maybe you took a loss.
Uh huh
Account deleted
So I would say
Even if a trader has
Like the best trading strategy
Uh huh
But bad luck with risk management
That's not it
Yes
Sometimes I personally feel like
There's actually a fine line.
Between confidence and greed
Sometimes you might feel like you're confident
But in reality, you're just greedy.
Well, I've been in that position.
I mean in that position, like
I've made my I'm like okay
Something is okay.
I'm in.
Things never go well
Yeah
Discipline has been the biggest thing I've learned.
So I know
Listen up, video-like
You can only take one trade per day
And if it's making money
Very well then.
If it's a loss
Still good
Because I know I could still get a good deal tomorrow
Tomorrow
Yes
So I'm sticking to that.
Trusting my trading strategy
And things have really been getting better.
Funny thing is
Most guys end up taking a bunch of trades.
Yeah
And now what happens is
You're overtrading.
You'll probably incur a loss.
And now you're trying to take revenge trading
At the end of the day, the account is gone.
I always mention this, actually
Taking more trades
Doesn't mean making more money
In actuality, it's
Taking a few good setups
Uh huh
That's going to make you money.
That is one habit that I feel like
Many traders should actually adopt
Yes
Do you think that you have any other habits that
Probably have helped you
Yes
Discipline your trades
I would say the biggest one for me is
The trading plan firstly
Then journaling
I note it down and see.
How have I performed?
I'll give an example
I tend to have live trading sessions.
Yes
Now see the crazy part is
I'm in front of about a thousand people
I'm so, so analytical
And I take my precious time
That even when I get a setup
Most of the time I have to reconfirm
Is this okay?
And then I'm able to make that trade
Then more to that
Sometimes I tend to go back
Took this trade
How did it perform?
Well, I made money.
What did I look out for?
So I tend to document this
Sometimes I could easily do that by writing
And I think it's a very, very good habit
What are some of the mistakes that
Beginners make
Yes
When getting into trading
Most traders actually come in with like
Huge expectations
Say I'm going to make like my first
Which is not real, to be honest
Understood.
This is a business.
And you're going to grow gradually.
I can't promise that you're going to make
Like your first thousand dollars from 50
Okay, it's possible.
You can do that.
Yes
But let's think about it in the most realistic way
You're probably just gambling.
Yes
Then next up, I would say it's
With the knowledge
Someone finding what works
And sticking to that
So what happens is
We like to have a lot of resources
To be honest, we have YouTube.
We also have Baby Peeps
It's like a free site where anyone can learn trading.
But now what happens is
Most traders are overwhelmed by a massive amount of content.
Vdolla is teaching you this
This other guy is teaching you this.
At the end of the day, most traders have
A ton of unfiltered
Information
Yes, information
And now someone is trying to figure out
What works and what doesn't
Sometimes they pay the price
Say through trading and incurring losses and all that
What it actually means
I would say it's much better that
If you found one mentor
Say even on YouTube
Stick to that one mentor
Learn
Because in the end, if that system is working
That means if you can actually learn and master that
Well, more than enough, it's going to work for you.
Because at least it's proven and it has worked
I would also try to emphasize mentorship.
One thing I've noticed is
For any business, you need to learn from someone.
Who has been into that?
Yes
As a beginner
How do I look at a trader and say
This guy is going to be my mentor.
We need to see if this guy has really grown.
What has his journey been like?
I mean, if I could give an example
I've been documenting my journey for like
4 years or 5 years
From the time I was trading with around $5
Actually, if someone went and watched the video
On my YouTube channel
You could see this young guy losing around $10
Because I would literally love to put everything on camera
And now to a point where I make say $5,000 or something
You need to see, okay, he has a system.
I would also prefer looking at testimonials or stories.
Because anyone could just come out and say he's a mentor
That's crazy, and that's exactly what social media has brought about.
Do you have any people who have learned from you?
So I think the Instagram lifestyle on the side
You need to do a bit of research.
In detail
Yes
And try to see what this guy has done
What has he been through?
Yes
What are some of his high moments?
What are some of his low moments that he has gone through?
Exactly
From forex trader getting into content
How has the journey been?
Actually, I learned trading from a YouTuber.
To me, I go to this thing.
Alright, you learned from this guy
Well, that means if you put it out or push it out
Then there are people who are going to get inspired
Or learn from you
Crazy right now, I have about 250,000 subscribers.
And these people have gotten to learn from VDollar
That's the crazy part.
More than enough if I hadn't shared this information
Then perhaps none of these 250 people would have found out about trading.
Yes
Are there any resources that you would recommend?
Perhaps a YouTube channel you used to watch
Back in the day when I was starting
I used to watch a trading channel.
I think it still does create content about trading.
Then my channel VDollar
Like I share real stuff
Then the most interesting part is that I also do live trading.
I remember when I started, I went on YouTube and searched for
Forex live trading
I wanted to see someone trading live
You know
Yes
Seeing things happen in real life
And didn't you see?
I didn't
But now that I'm in a position to do that
You're doing it.
Yes
When do you do it?
Mondays
Every Monday?
2 PM is African time
So we are always about making money.
Over a thousand people
All watching live
That's crazy.
If we took a loss
Everyone is going to see
Oh, we had a losing trade.
I've read one major important book on trading.
And it's called
Trading in the Zone
By Mark Douglas
A very good book that shows you what trading is all about
It's much more about the psychological aspect.
Even away from the charts
Because there are other books dealing with charts
There is one called Candlestick Bible.
Where you'll get to learn how candlesticks are
And all that kind of stuff
But then the other one seems to be like
What would you say has been your greatest achievement?
Over the past 2 years?
Starting off with
Why am I in trading in the first place?
It's a path of freedom.
And then being able to experience life to the fullest
Most of these have occurred.
I am able to travel.
I could go to any destination.
There are materialistic things.
Cars and all that
That's all good
But I also feel like at some point
I just keep growing
At some point, you can't even find any fulfillment in this anymore
But what happens now is like
And to me, actually, at some point
That's not what I'm looking out for.
Because to be honest, with cars
Being able to buy a Range Rover
I mentioned I'm going to buy a Lamborghini.
Which is honestly possible
Because I know what I'm in and what I do
It's all possible
I don't know if it was 2023
I bought a car for my mom.
And that was the most fulfilling thing.
Because she was the first person I had to convince
Before I got into trading
Even my first capital came from her.
So I'm like, I need to give her a reward or get her something.
And then even more of that
Going on trips with my team
You know how to experience life
But most importantly
The thousands of people I've been able to inspire through my journey
You see people looking at my journey and saying
What this guy has managed to grow from this to this
Which makes it honestly very, very possible for anyone
When someone looks at a younger Vault-Dweller
And now who I am now
All they will notice is the time difference.
V-Dweller has been doing this for about five years.
And you're probably in for about a year or so.
You only notice that there is no lack.
There is nothing.
But just time and effort
Yes
And above all, consistency
What would you say has been your largest drawdown you've ever experienced?
And how did you recover?
About my trading?
Yeah
Should be last year
I lost about $7,000 in just a day.
It's actually crazy to think about
Because what happens is
It feels different when I do the conversion.
That's about $1,000,000
You turn it into Uganda, it's like $40,000,000.
Yes
To this day, I still incur losses.
Yes
But I also make a fortune
So I just had to learn to say
Okay, losses are part of trading.
How am I supposed to approach them?
If I had taken a loss
How am I going to get through this?
And I just keep moving forward
When it comes to copy trading
If someone wanted to invest, they would likely do so in your trading strategies.
What would that look like?
I think it's a good thing because
You tend to make money from the other professional traders' trades.
That is a good thing
Personally, I don't engage in copy trading.
I think let me talk to a trader who would want to
Copy someone's trades
I think most importantly
You must truly understand the trader first.
Provence system track record first
Because it doesn't help to invest money with someone
Who is literally going to blow your account
But also understanding the risk associated with it
I think even from the trader
It must be made clear that you are copying trading
Before we wrap up this conversation
How are you planning to scale up your trading operations?
Well with my trading
I might have to get to a point where I have to
Hire a team now of professional traders
To do that trading
Because trading, to be honest
It requires a lot of focus.
So if you can't concentrate and look inward for that
Time you have to trade
It's going to be so hard.
So I'll definitely keep that in mind
The good thing is that we are able to train traders.
Personally, I'm capable of developing a trader.
Traders, how I want
And use the same system
That would be much better in the long run.
Then having a traders' academy
At the moment, we probably have the biggest school in East Africa.
We have been able to train over 2,000 plus
Both online and then in person
Learning how to trade
Also looking at scaling it up
Maybe to get a trading school in Nairobi
Yes
If you're watching this and you're in Nairobi
And you'd like VDollar to actually open up a school
Just comment below
I mean, I personally have learned a lot from you.
Yes
And also from your journey
Talk to anyone who's watching you
Talk to your fans
Talk to people who have actually been believing in you
From day one
We have our phrases that we stand by
Yes
Once you're in, there's never looking back
I feel like most people tend to quit.
Before they see the results
Yet in actual fact, if you lock in
And hung in for a bit, you know, longer
Then you're probably going to make it big
Then the next one that we have now
Like our 2025 theme
Less talk, more action
We are doing less talking and more acting.
And I've been having an amazing conversation.
With one and only VDollar
And as I've told you guys
I have pinned the link to his school.
I've pinned the link for how to start Forex trading in 2025
And I've also pinned the link to my recommended broker.
If you probably want to get started in Forex
Thank you so much for coming.
It's a pleasure, bro.
It's your boy presenter Ali
A is always for amazing
I'll see you guys in the next video