Episode 73
Ep 73 – Unlocking High Returns with Foreign Currency Trading featuring Robert Tyrer hosted by Gillian Irving
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Show Summary:
Unlocking High Returns with Foreign Currency Trading featuring Robert Tyrer hosted by Gillian Irving
In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham is joined by expert investor Robert, specializing in foreign currency trading, and mortgage agent Jillian, who has leveraged Robert's services. They dive deep into Robert's journey from a traditional banking career to becoming a successful foreign currency trader after meeting a mentor who transformed his trading approach. Robert emphasizes the importance of looking at the bigger picture, following patterns manipulated by big institutions, and mastering the mental game of trading. Highlighting a unique trading strategy that has yielded an average of 10.8% monthly compounded returns for his clients, Robert discusses the flexibility of investment with his company, the process of managing funds, and the importance of transparency and risk management in trading. The conversation also touches on the possibility of investing registered funds in the future and concludes with contact information for interested investors.
00:00 Introduction and Guest Presentation
00:38 Robert's Journey into Financial World
02:29 The Art of Foreign Currency Trading
04:21 The Ups and Downs of Trading
04:54 The Power of Compounded Returns
06:52 The Flexibility of Investing with Robert
16:12 Investing Registered Funds and Future Plans
21:21 Final Thoughts and Contact Information
Transcript
Welcome to the Wisdom Lifestyle Money Show.
Scott Dillingham:I'm your host, Scott Dillingham, and today I have two guests with us today.
Scott Dillingham:We've got Robert, who specializes, he's an expert investor in foreign
Scott Dillingham:currency trading, and then we have Jillian, who is a mortgage agent on
Scott Dillingham:our team who's leveraged Robert in.
Scott Dillingham:services and we're going to talk about all this stuff.
Scott Dillingham:It's going to be a super exciting episode because I know as an investor,
Scott Dillingham:we're always looking for the next best thing and I think this is it.
Scott Dillingham:So welcome guys.
Gillian Irving:Hey, thanks.
Gillian Irving:Thanks Scott.
Gillian Irving:Hey Rob, nice to see you.
Robert Tyrer:Nice to see you as well.
Robert Tyrer:Thank you for having me, Scott.
Robert Tyrer:Yeah, no worries.
Scott Dillingham:No worries.
Scott Dillingham:So Rob, every show that I host, I always start with, your childhood and
Scott Dillingham:how you got to, where you are today and what trials, tribulations, things
Scott Dillingham:that you learn, that type of thing.
Scott Dillingham:So do you mind sharing your story?
Robert Tyrer:I haven't gone through many trials and
Robert Tyrer:tribulations, but I've had a couple.
Robert Tyrer:So we'll start right up the very beginning.
Robert Tyrer:I grew up in Niagara Falls lived there most of my life.
Robert Tyrer:I got my start into the financial world.
Robert Tyrer:Really, when I turned 12 and learned about compound interest, that magical
Robert Tyrer:8th wonder of the world, but formally, it got my start in the financial world
Robert Tyrer:when I joined TD Canada Trust back in 2006 as a bank teller I was there for a
Robert Tyrer:little bit I think it was 3 years until I worked my way up to a sales role.
Robert Tyrer:And then did a lateral transfer over the same year to CIBC where I
Robert Tyrer:started as a salesperson and then work my way up to branch manager
Robert Tyrer:role a year and a half later.
Robert Tyrer:I'd like to say it was all skill and my brilliance, but
Robert Tyrer:really, it was right place.
Robert Tyrer:Right time.
Robert Tyrer:So I was very lucky in that regard because I was still fairly young.
Robert Tyrer:I was only 23 at the time and yeah.
Robert Tyrer:Learned a lot, made a few mistakes along the way, but thankfully had a wonderful
Robert Tyrer:boss, the district vice president, who was a very good mentor in my financial journey
Robert Tyrer:ended up leaving CIBC in 2015 because I.
Robert Tyrer:Gone to school for accounting, got a couple of diplomas there through
Robert Tyrer:Niagara College and Northern College in Northern Ontario and then headed up a
Robert Tyrer:finance department in Moosonee, Ontario children's aid did that for a couple
Robert Tyrer:of years and realized that I didn't really want to do that anymore because
Robert Tyrer:I'd always had this burning desire to.
Robert Tyrer:Use my gift of understanding patterns and numbers to really help people
Robert Tyrer:because all throughout my time in banking, I really saw a broken
Robert Tyrer:system that didn't really care about.
Robert Tyrer:Didn't care about people and I wanted to do something to change that.
Robert Tyrer:And I've always had a passion for trading.
Robert Tyrer:Start since starting back in 2008 in stocks and then flipping
Robert Tyrer:over to current season 2012.
Robert Tyrer:But I was never really, the problem was I was never really good at it.
Robert Tyrer:I was, I would say I was terrible at it up until I met my mentor for in 2016.
Robert Tyrer:He was based out of South Africa at the time.
Robert Tyrer:He's still there.
Robert Tyrer:He, we're now good friends.
Robert Tyrer:And he really taught me a vastly different way of trading.
Robert Tyrer:He taught me to get out of the retail mindset, stop focusing on the short term
Robert Tyrer:movements and trying to profit from them.
Robert Tyrer:Because where the real money can be made is when you take a step back and take
Robert Tyrer:a look at the much bigger picture, the one that the institutions with access to
Robert Tyrer:billions of dollars of capital are looking at, where they can really move markets.
Robert Tyrer:And then just take trades based off the manipulations.
Robert Tyrer:It's as simple as that.
Robert Tyrer:The pattern that I look for, anyone can learn it.
Robert Tyrer:Anything can be taught.
Robert Tyrer:It's whether someone's willing to receive it and then action it,
Robert Tyrer:is where the difference is made.
Robert Tyrer:And I was one of the ones that actioned it.
Robert Tyrer:It took me from the time I met my mentor in 2016 about a year to really get the
Robert Tyrer:strategy down to a science and then also master the mental game of trading because
Robert Tyrer:really when you're trading, there's a huge psychological component that goes into it.
Robert Tyrer:And my friends and family kind of joke with me at that time, an emotional robot.
Robert Tyrer:And my, not just my work life, but also my personal life.
Robert Tyrer:So sometimes I forget to flip the switch and, become that personable
Robert Tyrer:guy that actually has feelings.
Robert Tyrer:So it's pretty funny when I am actually trading.
Robert Tyrer:Cause I don't feel it anymore, but I.
Robert Tyrer:I have been told that I have ice running through my veins and you have
Robert Tyrer:to so once once I got what I wanted to do for people with what I'm good
Robert Tyrer:at down I opened up my company in May of 2020 and then started taking
Robert Tyrer:on clients around July, August 2021.
Robert Tyrer:And we had some initial success with it and then October,
Robert Tyrer:November and December of 2021.
Robert Tyrer:Here comes the, those losing trades that I was talking about earlier.
Robert Tyrer:We had those three months, we're all losing months.
Robert Tyrer:We lost, I think, I believe it was a cumulative total of around
Robert Tyrer:eight and a half percent or so.
Robert Tyrer:But then the following three months.
Robert Tyrer:Made it all back and then some and we've been cruising ever since so I mean since
Robert Tyrer:inception since the company got going.
Robert Tyrer:We've been rocking and rolling with the net client return of about 10.
Robert Tyrer:8 percent a month compounded.
Robert Tyrer:I would love to continue that streak.
Robert Tyrer:Can you say that again?
Gillian Irving:I think you went by that really fast.
Gillian Irving:Is that 10.
Gillian Irving:8 percent a month because people normally think that's a year.
Gillian Irving:Okay, a month.
Gillian Irving:Thank you.
Gillian Irving:Carry on.
Gillian Irving:And that
Scott Dillingham:we're
Robert Tyrer:going to come back to that.
Robert Tyrer:Yeah, that's a compounded return and I would love to continue that streak
Robert Tyrer:and we have been going pretty well.
Robert Tyrer:But like I said, you can't rely on historical data.
Robert Tyrer:It can help.
Robert Tyrer:With your future outlook, but it's by no means a guarantee that
Robert Tyrer:it's going to continue to happen.
Robert Tyrer:I've had months where it's been more than the 10.
Robert Tyrer:8 for clients.
Robert Tyrer:I've had months when it's been less.
Robert Tyrer:So you really get everything in between.
Robert Tyrer:But at the heart of all this, I genuinely love what I do, because at the end
Robert Tyrer:of the day, hey, just recently, while we have been in New Zealand, I was
Robert Tyrer:talking with a mate of mine, and he was like, you're a socialist capitalist.
Robert Tyrer:I was like.
Robert Tyrer:I've never had anyone call me that before, but that makes a lot of sense
Robert Tyrer:because really what I want to do is while making money is awesome and
Robert Tyrer:it allows you to, if you're the type of person that likes things, you can
Robert Tyrer:buy things, but I'm my wife and I are more on the experience side of things.
Robert Tyrer:We love to have those experiences and I love to see.
Robert Tyrer:Others succeed as well in their financial at the very
Robert Tyrer:least in their financial world.
Robert Tyrer:So I want, as the company grows, I want, I'm not in it to make a ton of money,
Robert Tyrer:but I do get paid well for what I do.
Robert Tyrer:But I want to see us all rise together and really change the
Robert Tyrer:landscape of how the traditional system operates and treats people.
Robert Tyrer:That's really at the heart of this because it'd be really cool to have BlackRock
Robert Tyrer:levels of assets under management.
Robert Tyrer:Maybe I'll get there one day, maybe it won't.
Robert Tyrer:That's not a concern for me.
Robert Tyrer:Where I want, what I want to do is be at least a contributor to the
Robert Tyrer:change in the traditional system.
Scott Dillingham:That's super cool.
Scott Dillingham:I have some questions.
Scott Dillingham:I don't know about you, Jillian.
Scott Dillingham:Do you have any questions?
Scott Dillingham:Cause I started this off and then I'll ask.
Gillian Irving:Why don't you get started, Scott, because I've had so much
Gillian Irving:experience already investing in with Rob.
Gillian Irving:So why don't you ask your questions from the beginning and I'll pipe
Gillian Irving:into you as a client, if I can help
Scott Dillingham:along the way.
Scott Dillingham:Yeah.
Scott Dillingham:So my first thought for anybody hearing this is I think they're
Scott Dillingham:going to be excited and they're going to say that's, crazy past returns.
Scott Dillingham:Hopefully the future returns, maintain and people I'm sure are
Scott Dillingham:going to want to get started.
Scott Dillingham:So a couple thoughts that come to mind is minimum investments and how long do you
Scott Dillingham:recommend, or do you have a minimum that an investor keeps their funds locked in?
Scott Dillingham:So I know that's two separate questions there, but I'll
Scott Dillingham:let you cover those and then.
Scott Dillingham:There's more,
Robert Tyrer:yep.
Robert Tyrer:So for the first part, the minimum investment, I have no minimum investment.
Robert Tyrer:There is criteria that you have to fit in because I'm a private
Robert Tyrer:issuing company at the moment.
Robert Tyrer:I'm waiting on the official portfolio manager designation.
Robert Tyrer:I'd hoped it would be in place by the end of this year.
Robert Tyrer:It has not.
Robert Tyrer:So we're looking at 2024 for that.
Robert Tyrer:Hi.
Robert Tyrer:If you fall within one of the different exemptions there's a there's
Robert Tyrer:a nonprofessional exemption where you have to invest 150, 000 or more.
Robert Tyrer:Into it to qualify under that exemption, or if you are friends or family, or
Robert Tyrer:a business associate of anyone that's in the company you can do business
Robert Tyrer:eligible investors and accredited investors are accepted the difference
Robert Tyrer:there being income and asset levels.
Robert Tyrer:With eligible investments, eligible investors you can only invest
Robert Tyrer:up to 100, 000 in a 12 month period across all exempt markets.
Robert Tyrer:And then obviously accredited investors you're a bit more sophisticated so
Robert Tyrer:you're able to invest whatever amount that you want over a 12 month period.
Robert Tyrer:And then there's a few other exemptions that I haven't utilized yet but are
Robert Tyrer:available but you can find those on any Securities Commission websites.
Robert Tyrer:Okay, and then minimum investments the
Scott Dillingham:links.
Scott Dillingham:Yeah, because you mentioned you look at trends, right?
Scott Dillingham:And then you invest based on that.
Scott Dillingham:Not necessarily the daily stuff.
Scott Dillingham:With that being said, some trends take time.
Scott Dillingham:So that's why I'm wondering if that's true.
Scott Dillingham:There's a minimum time that you would recommend.
Robert Tyrer:Oh, the locked in.
Robert Tyrer:No, there is no locked in.
Robert Tyrer:You're because at the end of the day, this is the customer's money.
Robert Tyrer:They're free to do with it what they please.
Robert Tyrer:The only thing they can't do is take out more than what they have in their account.
Robert Tyrer:And the traditional banks and investment houses, brokerages,
Robert Tyrer:they have that same rule.
Robert Tyrer:Funnily enough so there's no locking in period.
Robert Tyrer:Obviously, the longer you have it in there, the better chance
Robert Tyrer:at returns that you have.
Robert Tyrer:For an average trade that I do I'm looking at the charts on a daily basis,
Robert Tyrer:but in a month, I'm doing anywhere from four to about eight trades in a month.
Robert Tyrer:So I'm not actually doing a trade every day because the market
Robert Tyrer:giveth and the market taketh away.
Robert Tyrer:So I'm only looking for a specific pattern and if the pattern is
Robert Tyrer:not present, There's no trade.
Robert Tyrer:So the longer you're in, the better your odds, the shorter you're in.
Robert Tyrer:There's still a chance, but you have a much better shot at the longer term.
Robert Tyrer:Nice.
Gillian Irving:Can I just jump in for one second here?
Gillian Irving:This is one of the appeals to me as an investor investing with Rob is
Gillian Irving:I'm an accredited investor, so I can use other exempt market facilities
Gillian Irving:to invest, which I do, because I'm always looking as a real estate
Gillian Irving:investor and as an investor in general, looking for above average returns.
Gillian Irving:But this is what I like about for the people and Rob is that
Gillian Irving:your money isn't locked in many of these exempt market issuance.
Gillian Irving:And so the returns on those expenses are really long term.
Gillian Irving:Like your money is it does well, but it's locked away for three years or
Gillian Irving:four years or five years or whatever.
Gillian Irving:And so while the return does well, it's completely illiquid.
Gillian Irving:Whereas Rob's you can take out money however you want.
Gillian Irving:Like you want to leave it in for six months.
Gillian Irving:That's great.
Gillian Irving:Doubles in six months, almost, or mine has anyway.
Gillian Irving:And you can take it out or you can take it out monthly if you want.
Gillian Irving:And so it's a real advantage of a program like this because it is completely
Gillian Irving:different from other exempt markets.
Gillian Irving:Things is that it's not locked in.
Gillian Irving:It's amazing, which
Scott Dillingham:is super cool.
Scott Dillingham:Yeah, I agree.
Scott Dillingham:No question for you, Robert.
Scott Dillingham:I know you mentioned the returns.
Scott Dillingham:Is that the compounded return or is that the monthly that you're getting in
Scott Dillingham:the compounding can be greater if the funds stay invested with you for longer?
Robert Tyrer:Yes, and yes.
Robert Tyrer:So the monthly, the 10.
Robert Tyrer:8 that I referenced before, that is a monthly figure.
Robert Tyrer:So with my trading how it all works is at the beginning of the month, let's
Robert Tyrer:say you have 100, 000 in your account.
Robert Tyrer:All of the trades that I made, that I do in that month will be based off of that
Robert Tyrer:balance at the beginning of the month.
Robert Tyrer:So if I'm risking 1%, I risk 1, 000 per trade, and that is 1, 000
Robert Tyrer:per trade throughout the month.
Robert Tyrer:At the end of the month, the account balance resets.
Robert Tyrer:And now you have, I don't know, 110, 000 in your account.
Robert Tyrer:Then I'll base the risk off of that.
Robert Tyrer:So it just keeps going like that.
Robert Tyrer:Yes to the monthly compounding.
Robert Tyrer:And then yeah it's compounded.
Robert Tyrer:That's super cool.
Scott Dillingham:And we don't have to share the details here, but that's
Scott Dillingham:what this is from what Jillian told me.
Scott Dillingham:And maybe you'll clarify in case I'm wrong here, but that the return you're stating
Scott Dillingham:that's what the investor gets after fees.
Scott Dillingham:So technically the returns even greater.
Scott Dillingham:And then you take that.
Scott Dillingham:So for somebody listening it's not that.
Scott Dillingham:And then the fees like that's after the fact.
Robert Tyrer:Yeah, that is net of fees.
Robert Tyrer:That number.
Robert Tyrer:Yeah.
Robert Tyrer:Which
Scott Dillingham:is super cool.
Scott Dillingham:Yeah.
Robert Tyrer:The most.
Robert Tyrer:The most ridiculous month I ever had was, I believe it was September of last year.
Robert Tyrer:It was net to the customer.
Robert Tyrer:It was like 23.
Robert Tyrer:6%.
Robert Tyrer:So in that month on a gross basis before fees, we had traded over
Robert Tyrer:50 percent that month alone.
Robert Tyrer:That was a fantastic month.
Robert Tyrer:And I wish I could replicate that every month because then
Robert Tyrer:we'd be growing crazy quick.
Robert Tyrer:But that's a.
Robert Tyrer:So far it's a one off.
Gillian Irving:Yeah, my best month was 15, 15.
Gillian Irving:4 percent I think.
Gillian Irving:That's what I got.
Gillian Irving:That was a great, that was a great
Scott Dillingham:month.
Scott Dillingham:Now, I like you, we actually used to work for the same bank, the Red Bank.
Scott Dillingham:And during the same years actually, I was just the mobile mortgage advisor and you
Scott Dillingham:were probably on their investment side.
Scott Dillingham:I know during that time they opened up like the mobile investment specialist.
Scott Dillingham:Is that what you were doing?
Scott Dillingham:No,
Robert Tyrer:I had not done that.
Robert Tyrer:I was just a regular I think this was the TD phrase, but the regular
Robert Tyrer:financial sales representative.
Robert Tyrer:Okay.
Robert Tyrer:In the branch.
Robert Tyrer:So mutual fund on that end.
Robert Tyrer:Yeah.
Scott Dillingham:Open the bank accounts, checking accounts.
Scott Dillingham:Do a couple mortgages a year.
Scott Dillingham:Yeah.
Scott Dillingham:Yeah.
Scott Dillingham:I know the, they had the same position at CIBC.
Scott Dillingham:So Cool.
Scott Dillingham:No, that's super cool.
Scott Dillingham:Now, question for you, so one of the things that I was doing when I started
Scott Dillingham:at the bank or what got me into it.
Scott Dillingham:As I would tap into a secured line of credit, I would purchase an equity,
Scott Dillingham:dividend paying equity, and I use the dividends to pay my monthly line
Scott Dillingham:of credit interest, and then the equities grew naturally over time.
Scott Dillingham:So is that something that an investor could do with you as well, right?
Scott Dillingham:Give you access to their line of credit funds, let's say, and
Scott Dillingham:then are you able to pay them?
Scott Dillingham:To pay the profits, but keep the initial investment invested.
Robert Tyrer:Yeah, as I said before, at the end of the day,
Robert Tyrer:this is the customer's money.
Robert Tyrer:I just manage it and trade it.
Robert Tyrer:They're free to do whatever with it that they please.
Robert Tyrer:I've had people that have invested me with since.
Robert Tyrer:Since day one, they've been with me.
Robert Tyrer:They haven't taken anything out.
Robert Tyrer:I have people that take out monthly.
Robert Tyrer:I have people that because of what I do, it's increased their tax bill
Robert Tyrer:significantly at the end of the year.
Robert Tyrer:So they'll just take out the difference from their investment with me to
Robert Tyrer:be able to pay their tax bill.
Robert Tyrer:So it's very customizable.
Robert Tyrer:Okay.
Robert Tyrer:No, that's
Scott Dillingham:super cool.
Scott Dillingham:That's awesome.
Scott Dillingham:And just makes me want to get mortgages on all these.
Scott Dillingham:Places that have like extra mortgages.
Scott Dillingham:And here you go, and I should,
Gillian Irving:I just want to interject to, oh, sorry.
Gillian Irving:So I feel like, sorry, there's a bit of a lag.
Gillian Irving:Um, I've also made investments in Canadian funds and US dollar funds with Rob.
Gillian Irving:So you don't even care about the currency either.
Gillian Irving:So I feel like there's so many ways of being flexible.
Gillian Irving:One, you can use different currencies and do a currency play.
Gillian Irving:That one I've let ride, but my Canadian one, I'm going to take out money monthly.
Gillian Irving:Okay.
Gillian Irving:So there's just so much.
Gillian Irving:There's so much flexibility.
Gillian Irving:And by the way, that the Canadian funds that I took out, I did
Gillian Irving:that on my line of credit.
Gillian Irving:So I fully I'm going to do a sort of a rate arbitration.
Gillian Irving:You're going to pay me likely pay me.
Gillian Irving:I know it's not a guaranteed rate of return, but in a month
Gillian Irving:what I'm expected to pay.
Gillian Irving:In a year for my money credit.
Gillian Irving:So it makes sense.
Robert Tyrer:We'll clear that off in a year.
Robert Tyrer:Yeah, super.
Robert Tyrer:Yeah, it's important when we're talking about lending to invest that,
Robert Tyrer:borrowing to invest is a bit riskier than traditionally taking your liquid
Robert Tyrer:investments, but it's, I just feel like we need to get that out to, to
Robert Tyrer:make sure that our bases are covered.
Scott Dillingham:Yeah, for sure.
Scott Dillingham:For sure.
Scott Dillingham:Yeah.
Scott Dillingham:And we're working with real estate investors all day.
Scott Dillingham:They are used to leveraging to invest but you're right.
Scott Dillingham:I'm glad you threw that little disclaimer there because we don't know
Scott Dillingham:who's going to listen to this, right?
Scott Dillingham:Yeah,
Gillian Irving:and I'd say one other question I get a lot when I talk to
Gillian Irving:people, Rob, they want to know if they can invest their registered funds with you.
Gillian Irving:Everyone's I want to put my TFSA with Rob.
Gillian Irving:Is that possible?
Robert Tyrer:It is not at the present time.
Robert Tyrer:That's something that I've been against.
Robert Tyrer:I'm opening up more to the idea simply because from my time in banking, when
Robert Tyrer:you're dealing with registered funds the government the banks don't tell you this
Robert Tyrer:it's buried in the fine print, but the governments can actually go in and take
Robert Tyrer:those registered funds whenever they please in times of emergency and IOU.
Robert Tyrer:So, it's, Okay.
Robert Tyrer:Potentially shooting myself in the foot, but the idea behind the
Robert Tyrer:company of serving people, um, I'm toying with the idea of setting being
Robert Tyrer:able to set up registered funds.
Robert Tyrer:So to directly answer your question, not at the current time in the future.
Robert Tyrer:It may happen
Scott Dillingham:if you do.
Scott Dillingham:Let me know because I have.
Scott Dillingham:I don't even know if this would open up, but if you're doing registered funds, I
Scott Dillingham:have a lira from my pension when I worked at the bank and where it's invested.
Scott Dillingham:It's very limited.
Scott Dillingham:So I want to actually transfer out of there so I can invest in different things.
Scott Dillingham:But if we could do that, yeah, I've just.
Scott Dillingham:Give you the
Robert Tyrer:whole life had.
Robert Tyrer:I have invested.
Robert Tyrer:Technically, I've invested registered funds for a customer.
Robert Tyrer:However, what they did was they took the money fully out of their R.
Robert Tyrer:S.
Robert Tyrer:P.
Robert Tyrer:S.
Robert Tyrer:and then invested with me and despite the withholding tax and the, I think
Robert Tyrer:they were down around 10 or 12 percent on their investments through the bank.
Robert Tyrer:I made that all back for them within 8 months.
Robert Tyrer:Super.
Robert Tyrer:So they paid their tax bill as well as recovered the loss that they had incurred.
Scott Dillingham:Yeah, so just saying for me because I know we're not going to
Scott Dillingham:talk all the time, but if it comes up.
Scott Dillingham:And you're doing it.
Scott Dillingham:Reach out.
Scott Dillingham:I've got a sizable amount in there and I will just do whatever I have
Scott Dillingham:to do to transfer it to this because
Robert Tyrer:people will be made.
Robert Tyrer:I will let people know what and when that happens.
Robert Tyrer:Okay,
Scott Dillingham:now we generally keep these short.
Scott Dillingham:So I don't know if you had any other questions, Gillian, but if not, what
Scott Dillingham:I'd like to do is hear from Robert on how somebody who's listening to
Scott Dillingham:this can get in touch with them.
Scott Dillingham:So did you have a last Next question there.
Gillian Irving:I have one last final question because honestly, when I
Gillian Irving:tell people about my investments with Rob, I've been with investing
Gillian Irving:for seven months now, so I see the
Gillian Irving:The catch like, What am I missing?
Gillian Irving:What is the catch here?
Gillian Irving:Because most people and I'm one of them, too.
Gillian Irving:It's if something is too good to be true, it probably is.
Gillian Irving:So I just want you to just take a minute to explain why there's actually no catch.
Gillian Irving:And why and how you're able to get these returns just on a super high
Gillian Irving:level to just reassure people that it's really there's no smoke mirrors.
Gillian Irving:It's just it's Yeah.
Gillian Irving:It's just a simple, it's just a simple trading, really.
Robert Tyrer:For sure.
Robert Tyrer:The, and I get this question a lot because I am providing returns
Robert Tyrer:that people are not used to.
Robert Tyrer:Most people aren't used to.
Robert Tyrer:There are some that have seen it before.
Robert Tyrer:But in one word, transparency is the answer for that.
Robert Tyrer:If someone, be it a prospective client or a current client, wants
Robert Tyrer:to hop on a call with me, I can show them exactly how I do what I do.
Robert Tyrer:I can show them the live analysis.
Robert Tyrer:If the pattern I look for is present, I can show them the live trade too.
Robert Tyrer:It's really as I said before, I think we started recording.
Robert Tyrer:I'm an open book.
Robert Tyrer:You can contact me about anything.
Robert Tyrer:I never want there to be any guesswork whatsoever because
Robert Tyrer:trying to make a name for myself in this business, doing what I do.
Robert Tyrer:I'm already going an uphill in the wintertime on a slope
Robert Tyrer:of ice without ice pick shoes.
Robert Tyrer:So the more I can be transparent about things, the better it's
Robert Tyrer:going to be in the long run.
Robert Tyrer:As far as the trading aspect goes, like I had talked about earlier with
Robert Tyrer:the way that my mentor trained me to look at the much higher timeframes.
Robert Tyrer:With those kind of, with that kind of timeframe and the institutions
Robert Tyrer:that Pumping in billions of dollars in liquidity into the different
Robert Tyrer:currency assets that are out there.
Robert Tyrer:Those can move huge numbers and when you use proper risk management, that refer
Robert Tyrer:to that 1 percent the typical trade on a looking at the 4 hour and the daily
Robert Tyrer:time frame charts, the typical trade there can move between 3 to 1 return.
Robert Tyrer:I target three to one.
Robert Tyrer:As a base level.
Robert Tyrer:Sometimes the trades will be smaller, like I had to trade this month where
Robert Tyrer:the target was a three to one return.
Robert Tyrer:Once it got about two and a half to one return, I'd set my stop loss
Robert Tyrer:to a two to break even at two to one, so that I knew I was going to
Robert Tyrer:make no less than 2% on that trade.
Robert Tyrer:It ultimately did hit the stop loss on that.
Robert Tyrer:With even though it hit my stop loss.
Robert Tyrer:I made two percent on the trade.
Robert Tyrer:So we're all good so I go about in a very safe way whenever I go into a trade
Robert Tyrer:I know exactly where i'm going to enter I know exactly where i'm going to get
Robert Tyrer:stopped out if my theory goes against me And I know exactly where I want to
Robert Tyrer:take profit so I have a plan ahead of time, even before I'm in the trade.
Scott Dillingham:Super cool.
Scott Dillingham:I, and sorry,
Robert Tyrer:as far as contacting me you can reach out to me,
Robert Tyrer:Robert at for the people, FX.
Robert Tyrer:com.
Robert Tyrer:Can I say my phone number?
Robert Tyrer:If you want
Scott Dillingham:to.
Scott Dillingham:Yeah, absolutely.
Robert Tyrer:Sure.
Robert Tyrer:Yeah.
Robert Tyrer:So 9 0 5 2 4 6 9 9 0 7.
Robert Tyrer:We're working on getting the website back up online because we
Robert Tyrer:had a few regulatory things that we had to change on the website.
Robert Tyrer:So I wanted to make absolutely certain that I'm not going against any securities
Robert Tyrer:commissions because I'm in this for the long haul and not the short haul.
Robert Tyrer:So we're gonna be getting that back up shortly.
Robert Tyrer:Perfect.
Robert Tyrer:No,
Scott Dillingham:That's awesome.
Scott Dillingham:And we'll make sure in the show notes as well.
Scott Dillingham:We put your email there and the phone number.
Scott Dillingham:So if anybody's in their car, don't worry about writing that down.
Scott Dillingham:It will be in the notes for you to reference when you're
Scott Dillingham:safe to do but no awesome.
Scott Dillingham:I'm really appreciative that you came on Robert.
Scott Dillingham:Thank you as well.
Scott Dillingham:Jillian.
Scott Dillingham:And I think this is an incredible opportunity for somebody just
Scott Dillingham:looking for something different.
Scott Dillingham:It's
Robert Tyrer:great.
Robert Tyrer:Yeah.
Robert Tyrer:Thank you for having me.
Robert Tyrer:I appreciate you taking the time out to have the call with me.
Robert Tyrer:You're welcome.
Scott Dillingham:Thank you guys.
Scott Dillingham:Thanks.