Forex Trading Secrets: Markets and Macro Trends with Marc Walton

**SPEAKER_1** (0:01)
Welcome to the Money Tree Investing Podcast. Stock market, wealth, personal finance, value stocks. Invest in your life.

**Kirk Chisholm** (0:10)
Hello, Smart Money Tree Podcast listeners. Welcome to this week's show. My name is Kirk Chisholm. I'll be your host. So today, I'm joined with Marc Walton. How are you doing, Marc?

**Marc Walton** (0:18)
I'm doing good, thank you.

**Kirk Chisholm** (0:19)
Good. Well, glad to have you in the show here. We're going to have an interesting conversation with Marc today. Marc, tell us a little bit about your background before we dive right in.

**Marc Walton** (0:26)
I had a few offline businesses in the UK, and then coming up to 40, I'd had enough and said even though I was making good money, didn't want to do this anymore, sick of the politics, sick of the weather. So we sold the house, main house, sold the business, bought some rental properties, which 20 odd years ago was probably easier than it is now, and money was cheap. And we went and emigrated to an island off the coast of Africa with one suitcase each. Amusingly, we also then re-emigrated from the Canary Islands four or five years ago to Portugal with the car full, the dog in the boat, and one suitcase each again. So I went from earning decent income from the business I had and employing a lot of staff to singing and playing guitar in a band. After two or three years, it was not sustainable. I thought I'd retired at 40 I had a lump of money, I had the income.
And as you realize, if you try to retire, that you spend a lot more money than you do when you work in, because you've got all the free time. I stumbled into forex trading in the early 2000s, and it wasn't such a thing at the time. I spent two years, bought a DVD, spent two years trying to learn it by myself and losing money. And eventually found myself one of your countrymen as a mentor. And thankfully he helped to sort me out. And within a year, I was trading for a fund. And then started my own fund, loosely turned, because the way it would work in forex is you could get individual clients. They would all put money into their brokerage account, and the broker has the software to amalgamate all the accounts. And then at the end of the day, you split the P&L. I also started posting on Twitter, 2008, when it started, when it wasn't quite the hate fest it is now. And I was sharing tips and advice, and I got people asking me to teach them. So then I started to teach people as well, and created a website for that. 2020, I was getting bored with it, came up to 60, stumbled on crypto, managed to catch Bitcoin at eight grand, and Ethereum at 180, and Cardano at eight cents and things, and did extremely well out of it. I'm semi-retired now, but I invest, I trade, I do stocks, ETFs, options, crypto, gold, et cetera.

**Kirk Chisholm** (2:48)
If you get in early enough stage with crypto, I'm sure you're retired 10 times over. The gains on those things have been crazy.

**Marc Walton** (2:56)
If I had got in in 2010, I would have been retired a lot of times earlier.

**Kirk Chisholm** (2:59)
Yeah.

**Marc Walton** (3:00)
A dollar in 2010 is worth a billion today, awesome and insane.

**Kirk Chisholm** (3:03)
I know, it's crazy.

**Marc Walton** (3:04)
I think is I didn't get it before. I actually had one of my clients tried to persuade me to mine crypto in 2015, and I really just didn't understand it. It depresses me how much of the mainstream media still don't understand it to any degree. And even the Financial Times, the Financial Times in the UK, supposedly one of the top publications for finance is still empty crypto. It's been doing 150 percent care go for the last 15 years. It's rubbish, it's a ponzi. It will never last. Oh, please just try study it a little bit. And if it all ends in tears, if you've managed it properly on the way up and taking your stake out and taking some profit, it won't matter. I think it's got the legs and I think it will keep going. All right, certainly the big stuff will keep going. A bit like the.com boom. I was involved in stocks in the.com boom, but not professionally. And I hung on too long and suffered the pain of that. So with crypto, I was very much with my clients. Look, when it doubles or trebles, we take the stake out. If it quadruples, we take profit, et cetera, et cetera. Bitcoin was actually easy. 2020, 2021, until it tanked, it went up. If you're a technical trader, it went up, it pulled back. It went up, it pulled back. And it was pulling back into third levels and the trend line and the EMA. It was easy. But it was a case of being in the right time, the right place at the right time, for sure.