Founder's Story - Mastering the Art of Trading and Building SupremeFX | S2 Ep. 77

Episode Date: October 22, 2024

In this episode of Founder's Story, we sit down with Samir Jezzini, CEO and Founder of SupremeFX, to dive deep into the world of trading. Samir shares his journey from growing up in southern Lebanon to managing multimillion-dollar portfolios for high-net-worth individuals. With over a decade of trading experience, Samir has built SupremeFX with the mission to create a seamless trading environment for clients, backed by his deep understanding of the financial markets.Key Discussion Points:Samir’s Introduction to Trading: Learn how Samir transitioned from working closely with wealth managers to eventually managing and trading gold for high-net-worth clients.The Importance of Emotional Discipline: Samir emphasizes how emotional discipline and daily habits contribute to success in trading, sharing insights on how to develop the thick skin needed to navigate the volatile markets.SupremeFX’s Unique Selling Point: Discover how Samir’s experience as a trader allows him to create a client-focused platform that addresses common trading issues such as slippage, mispricing, and delayed transactions.Building a Community: Samir explains why engaging with clients on a personal level through social media is essential to his business model, creating transparency and trust in an industry often marked by distance between traders and clients.The Role of Luck and Discipline in Success: Hear Samir’s perspective on how success in trading—and life—comes from a combination of luck, faith, and hard work, reinforced by the teachings of the high-net-worth individuals he has worked with.Advice for Aspiring Traders: For those just getting started, Samir offers practical advice on practicing discipline, mastering one asset class, and treating trading as a business rather than a get-rich-quick scheme.Additional Insights:Misconceptions About Trading: Samir dispels the myths perpetuated by influencers that trading is a passive activity. He emphasizes the need for constant learning, staying informed, and treating it as a full-time business.Instagram: @SamirJezziniOfficialOur Sponsors:* Check out Rosetta Stone and use my code TODAY for a great deal: www.rosettastone.com* Check out Vanta: https://vanta.com/FOUNDERSAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Hey everyone, welcome back to Founder's Story. Today we have Samir Jassini who is the CEO and founder of SupremeFX and we're going to dive into all things trading. This is a topic that I really wanted to master at some point in my life, but I seem to make all the wrong decisions when I trade Samir. I don't know what it is, but what got you into trading? So basically, uh, I was lucky enough to be mentored by high net worth individuals. And when I looked at what they do, I knew that there's a lot to this world more than receiving a salary. So I saw how they, um, they were working closely with wealth managers, which

inspired me coming from a very humble background in a neighborhood from Lebanon, from south of Lebanon. It inspired me to enter this industry. I became a chartered wealth manager by the Chartered Institute of Securities and Investments to prove myself so that I can start handling their portfolios. Then I started trading. So trading is a bit different when we talk about CFDs trading. When I started CFDs trading, I had that strong skin, I had that thick skin and discipline because of my daily habits.

So I grew quickly to become successful trading. I became the chief risk officer for a conglomerate that deals in physical gold. So my job was to hedge that risk against the physical gold. Today if you are buying gold let's say from Africa by the time it reaches the UAE, it takes like two weeks. In those two weeks the the price of gold will fluctuate, especially that gold is a volatile asset class. My job was to forecast at what point to hedge my position. So we buy the physical and I sell on the platform so that I can lock in the discounted price and that would be my profit margin. In some cases, I wouldn't lock in the price immediately

if I was bullish on gold. So I would wait a bit so wouldn't lock in the price immediately if I was bullish on gold. So I would wait a bit so that I can lock the price at a higher price so that I can optimize my profitability. And in some cases, if I was wrong, obviously I need to immediately lock it so that I can hedge my risk and mitigate my losses. From there, when they saw my skills, they started their appetite of speculation increased and that's when they told me, Samir, handle our funds. I want you to speculate on gold, just trade plainly, not hedging. We started with a million dollars. We started growing up to 50 million dollars of a different group of high-net- worth individuals who were pouring in money into that pool and I was trading it and that's how I got into

trading the financial markets. The ability to work with high net worth individuals I'm sure you learned a lot of things not just about trading just about how to then become a high net worth individual yourself what is like one or two things that you noticed that were very common among these people? Interesting enough that if you ask any of them, how did you make it? He says, it was God.

So they say, they say that, and this is something I learned, that they say it's look, life is 70% luck or God or the universe whether you believe in and 30% hard work You do not choose where to be and when to be Often you have the knowledge, but you need to be at the right place at the right time So that you don't choose that God chooses for you so that was something very very common between all of them. They had strong faith. And what I

understood from that also is that with that strong faith they had, it increased their discipline and emotional power. Because if something went south with them, they were very strong emotionally, depending on God or a higher power. So that was the mainly the main thing I found that was very common between all of them. I love that answer because I feel like the grit, like if you really want to make it, you have to have this, this like iron grit. You have to be able to go through the ups and downs.

But many of the successful people that we've had on this show have said luck and being in the right place at the right time was almost more important than anything. So I appreciate you saying that. Let's talk about the platform that you have. What makes that platform stand out and what was your mission in building this? So I've been trading for over 10 years right now

and I've been through the ups and downs watching the financial markets crash. I've been through the ups and downs watching the financial markets crash I've seen also the markets booming and trading the financial markets you face a lot of issues like slippage, mispricing, glitches no deposits are not in a timely fashion, withdrawals are not in a timely fashion that's if you ever get paid. So what I wanted to do as a trader is to create the right environment from my side so that the clients who trade and have a smooth trading environment and trading experience. I would say that is my

unique selling point because most of the people who run CFD's brokerage houses today are most probably businessmen. They have not traded themselves or they have the theory behind it. Whereas I myself, I traded with 50 million. So imagine the amount of lots we needed to execute. Imagine the supreme conditions we needed to be able to execute in a timely fashion. So that's one of the main points what makes Supreme FX special. The other thing I would like to talk about is that being a trader and a wealth manager, I'm very active on social media.

So I've created this community where I communicate with my clients. It's very rare, if not impossible, to find the CEO and the founder of a financial institution who engages on a personal level, feeling their emotions, feeling their pain in a community where I give insights about the financial markets as a trader. I listen to their pain points so that I can tackle it efficiently and deliver it to my team so that it's handled in an efficient and timely fashion. So like you said, there's not a lot of these places will have somebody that's really public facing that's out there. Many of these founders don't do that.

What made you say this is like something that I need to do? Like I, I, you know, I really want to build up this community. I want to help educate people. What made you say that that is the best route for you? Okay, so basically it comes out of pain and out of giving back. You see, I learned something while trading that it takes a lot of emotional discipline to become a successful trader. And you need to exhibit and practice this discipline in your daily activities. So I found this, let me call it, if we can call it like a glitch or that trick in the

market that we all do technical analysis. It's like going to the gym. We all work out, but it's those who are following the diet that are good in shape. Similarly, in trading, you need to have that emotional discipline to be able to become a successful trader. From there, with my techniques, I wanted to give back to the people. And obviously, I wanted to grow my name and my legacy in the markets, the financial markets specifically, and the entrepreneurship industry as well. So I just wanted to give back to my clients and I wanted them to actually have like whatever I faced in the past, I want them to learn from it.

It's like writing a book. Today, if you have achieved something great in life and you've written a book, you don't ask them why you're writing a book. Today, if you have achieved something great in life and you've written a book, you don't ask them why you're writing a book. You're sharing your experience because you want others to learn from your mistakes and learn from the pain that you've been through. Similarly, I'm giving back to that community. Yeah, that makes sense.

I mean, when you put yourself out there like that, not only do people trust you, but then they learn from you, and then they're very appreciative of what you've been able to give back to them. No matter what you do, you know, past even this platform, people will continue to follow you and, you know, to see like what's going on, what you're working on. I read a lot about you like the king of gold. You know, I read the things that people have said about you. So the fact that most people lose money with trading, what do you tell to people then when they're getting started as to something that they should do or know before they start trading? Before you start trading, first of all, practice discipline in your daily habits. If you are an abrupt person by nature and you are eccentric and

you don't have discipline in your life, you won't be able to implement it in trading. Plus, I suggest you start on a demo account. Learn how to trade. The technicals are not hard, but learn how to trade. Master trading at least master one asset class the way I did. I mastered gold. When you master it make sure you try it out on a demo account and then you might try it out also on small accounts. When it proves that it's a proper risk management strategy and it's a proper winning strategy you can scale it so approach your business approach your trading as if it is a business you get profit and losses in a business if you have a grocery store today maybe the corn doesn't sell you get rid of it

that's a loss but the pickles are selling and the apples are selling you make profit on that right but at the end of the month your pnl is positive trading is the same you have to learn how to have tactical withdrawals from the market accepting losses having discipline not to go big and thinking you are invincible when you are entering a trade. Stick to your strategy no matter what and understand you are investing, you are not gambling. So if you get a hit rate, let's flip a coin 10 times.

If I get it 5 times right, 5 times wrong. And my risk reward ratio is 1%. So if I lose, I lose 1%. If I make, I make 1% 5 times right 5 times wrong nullified I make nothing if my risk reward ratio is 2 to 1 or 1 to 2

so my reward is 2% my risk is 1% of that count 5 times right 5 times wrong I made 10% I lost 5% I remain with 5%. Now the least of that, 5% monthly on an annual basis is 60%. Now tell me which asset class today, if you invest, has an average of 60% annual. I think that's a magnificent return on investment and that's the way you should think.

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My dream is to be able to afford a home in the city I love. The last thing that's free these days is walking and breathing. I want a premier who gives a damn. You deserve a good life. Every day all across this province, I'm inspired by people. And you deserve a government that inspires you too. You deserve a leader, period. It's MART.

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responsibly gambling problem. Visit connectsontario.ca. No, I appreciate that because I think I'm always fearful of trading. It feels like I didn't take enough time to learn, to be disciplined in certain ways. I get busy in my day, then I forget to check. But I appreciate that. So how much time would you say that somebody needs every day to trade? Whether it be adding in the learning, adding in the analysis, adding in the checking on how,

whatever your assets that you're investing in are doing. What is the average amount of time? There's a misconception today in the market that is being delivered by influencers who call themselves influencers and they say that trading you can trade from anywhere around the world, you can sitting at the beach, just open your laptop half an hour trading and you'll become a millionaire. They make it sound like it's a hocus pocus type of magic wand thing, you know, that's not it. You need to study the markets. It's a business. You need, that's not it. You need to study the markets.

It's a business. You need to be involved in it. Even when I take a break, which is needed, I call it the off season, for a week or two, I don't trade when I first come in. I update myself on the fundamentals and the economical outlook of the market so that I can take informed decisions.

I don't just enter, okay, technically it's like that. There's resistance support. Let me enter that rate up and five notes. Finished. That's, that's not how it works. You need to be involved in it on a day to day business, uh, basis. Listen to the news, do your analysis, be disciplined. So it's that whole package.

Well, thank you, Samir, for sharing that. It makes sense. You said treat it like it's a business, not just something you do for 30 minutes a day. If you want to try and hopefully see some sort of results, you have to be educated on the markets and everything that's going on. So thank you for sharing today. If people want to get in touch with you, they want to watch your social. They want to get educated on the markets and everything that's going on. So thank you for sharing today. If people wanna get in touch with you, they wanna watch your social,

they wanna get educated from you, they wanna check out the platform, how can they do so? So I'm available on most of the social media platforms from Twitter to YouTube to Instagram. Mainly I answer the DMs that I receive on Instagram at Samir Jassini Official, or you can send us to SupremeFX. Just send me an email to info at supremefaxtrading.com and I'm at your service.

Samir Jazini, thank you so much for educating me today on all things trading so I can dive in and fully at some point in my life understand how I can make this work. But thank you for joining us today and sharing all your insights. Thank you Dan for having me today. Thank you very much. My dream is to be able to afford a home in the city I love. The last thing that's free these days is walking and breathing. I want a premier who gives a damn. You deserve a good life. Every day all across this province, I'm inspired by people.

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