This is a video review about Swaggy C. The Swag Academy his name is
Chris Williams.
now i'm sure a lot of you expect me to vilify this guy
and to call him a scam but i actually think that he has a tremendous
amount of potential and i think that he's going to be successful
in any endeavor that he decides to engage in
the only criticism that i have of him is i just
don't understand why he's choosing forex because
forex is probably the riskiest market for any retail investor to get involved
in as we all know it's been scientifically
proven that retail day traders are not profitable they do not make
money 99.8 percent of retail day traders lose money they lose about 13
a year the 0.2 of day traders who do make money according to the study end up
making less the minimum wage so there's never
going to be a situation where a day trader
is insanely profitable unless they are front running their followers
now swaggy c chris williams i watched a bunch of his videos
i saw the video when he auditioned for big brother and
i really love his personality i think he's very hard working he speaks very
well he's a former D1 basketball player i just
questioned why he chose this route because i feel that he could have been
successful as an actor i feel like he could have been successful doing any
number of things but to encourage other people to trade forex
which is probably the riskiest asset class
considering that there is massive counterparty risk for
every single retail trader that engages in forex trading to me it's just very
surprising he makes great videos he has an amazing
personality i just don't believe that his followers
are going to make any money in fact i believe
that all retail forex traders are actually
losing traders and that statement that i made is pretty close to scientific fact
so looking at some of his videos um in my two years of being a reality star
a lot of things has happened like i i don't know why i'm done i don't want
the drama like i said like in some of his videos the things that i
like is he doesn't make many outlandish claims like some of the
other fake gurus do and he also doesn't pretend to be
somebody that he's not he embraces himself he knows himself
so in my opinion do i think that any of his followers are going to make money
no i don't i believe that his followers are going to lose money
however i also want to be fair and i want to tell you that personally i
actually like him i like a lot of his videos
i like that he's true to himself i like that he is an entertainer
and he tells you that from the onset one of his first videos that he posted for
his audition of big brother explicitly says that he
is an entertainer so i believe that he's being
true to himself and he's not making outlandish claims
like how he turned two thousand dollars into two million
dollars or anything like that he's just sharing his experiences so do
i believe that his followers are going to make
money no i don't but at the same time i really like his videos i like his
personality and i think he's going to be successful
in anything he puts his mind to and anything that he applies himself to
the only thing that i would like to see him do
is discourage people from trading forex it seems like he's trying to monetize
his audience which is completely fine here's his website and he encourages his
followers to trade forex i don't have a problem with
people trying to monetize our audience the only problem that i have is that
he's encouraging his followers to engage in risky behavior
and it's been scientifically proven that day traders are going to lose money with
close to 100 percent certainty and forex trading is even
worse it's much more risky because there's significant counterparty risk
and the leverage with forex is significantly higher
overall i feel very torn because i know that for many other
of the forex fake gurus i've given them bad reviews
but i really think that Swaggy C is an entertainer
and a lot of the people who follow him are doing it because they like his
videos and they like to be entertained i do
definitely think that Swaggy C has a lot of potential and i think that
he's going to be successful in anything that he applies himself to i think that
unlike many of the other trading coaches on youtube
he would be successful in anything he applies himself to
i don't think many people realize how difficult it is to be a d1 athlete
it takes a tremendous amount of work a tremendous amount of commitment
and i think that that's just incredible the only criticism that i have
is that by encouraging his followers to engage
in retail forex trading that is an incredibly risky proposition and i
believe that virtually all of his followers are going
to lose money so i think that maybe he'll continue doing this maybe he
doesn't care but maybe he will care maybe he will switch it up and i think
that a lot of his audience will actually
follow him and hopefully he'll be able to transition
into something like television or acting or
something that would be more constructive and which would actually
help people as opposed to encouraging them to engage in risky behavior
so i think that a lot of people who were watching this video initially thought
that i would be a lot more severe in my criticism of him
but i definitely don't believe that i think that he has an amazing personality
he's a former d1 athlete he's been successful in many other things in the
past and i just think that at this moment he
potentially viewed forex trading or finance as a way of
making easy money but i definitely believe that his future is very bright
as long as he encourages people to engage in behavior which has a much
higher probability of success and he can easily switch it up
he can just release one or two videos in the future
saying that he sustained a large loss by trading forex
and as a result based upon his experience he's decided that forex
trading is too risky and he's decided to transition into
another asset class or transition into another area of finance
which would provide his followers with a higher degree of certainty or a higher
probability of success he's very young he's been successful in
his past he has a large following he makes great
videos and i believe that his followers will
follow him on to his future endeavors but like i said before the only thing
that i hope that he changes is i hope that he encourages his
followers to engage in less risky behavior and that's something that he
could relatively easily transition into
so this is my review of The Swag Academy i like his channel i like him i think he
has a great personality i just hope that he transitions into encouraging his
followers to engage in behavior which is more
constructive to their financial well-being
and this is David Jaffee with BestStockStrategy.com let me know your
thoughts below about The Swag Academy and Swaggy C and
if you have any questions feel free to reach out to me and leave a
comment below