This content is an interview with Pepin Yonker, a successful 19-year-old FTMO trader from the Netherlands, who shares his journey, trading strategy, and insights on achieving profitability in the forex market.
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hello traders welcome to another trading interview
interview
this time with one of our serious ftmo traders
traders
pepin from ms in netherlands
welcome pepe i thank you
first of all thanks for having me and
yeah let's get started
well so great to having you on papain
and thank you for your time
uh guys for those who are listening us
for the first time fdmo is a propriety
trading company that actively search for
trading talents
because we have developed a unique
two-step evaluation process that
consists of fdm extension verification phase
phase
and once you pass this two-stipulation
process you will be offered a unique
placement in our propriety trading
company and that is why
we have pepin here because papain is
really serious trader
he has right now 200 000 account
and the previous month he made 76
000 wow again great result
so before we are going to talk about his
strategy let's ask him
who you are pepin well uh
once again thanks for having me uh my
name is papan yonker i'm from the netherlands
netherlands
i'm just 19 years old i've been trading
for three and a half to four years now
and my first experience on the financial
markets was back in late 2017
with the bull run as most retail
investors i lost like all my money but i
did eat a lot of valuable lessons
and um shortly afterwards a good friend
of mine introduced me to forex
to the foreign exchange market i've been
trading forex
ever since actually okay so you started to
to
trade since you were 15.
yeah yeah crypto and almost 16 i started
with 4x
okay do you remember your first trade
uh with crypto yes but not with forex anymore
anymore
correct correct so how did you how did
you find out this
this this forex trading how did you find
about it
well actually i was pretty into crypto
because of the bull run and then a
really good friend of mine which is
also training for ftmo he introduced me
to foreign exchange
and we worked together then we both had
the same site job
it was really fun back then i thought
yeah crypto is kind of the market i
didn't know about forex and then he
slowly introduced me
he taught me a couple of things so
actually because of a good friend of mine
mine
so and now if you compare crypto trading
and forex trading
where is the biggest difference i think
forex is more developed because it's
such a big market
and obviously cycles play a way bigger
role in the crypto market than in the
forex market like
though you don't really have a bull run
in forex
and i definitely prefer for a forex over
crypto and since since when you are
trading full time
um i think since half a year ago yeah
since half a year so half a year
full-time trader
and before that obviously when i was 16
i did take
forex pretty seriously but i was still studying
studying
and i didn't have that much time for
forex trading so
uh i was pretty on and off sometimes i
was a bit more busy with forex trading
sometimes i
didn't trade for a week but i think what
was pretty important is that i checked
the charts almost every day also when i
didn't trade
i think that's also that also plays a
big factor
and now since a year i think it started
to take forex really seriously and since
half a year i'm pretty profitable
and i'm trading timona for like three
four months
and how many accounts you have uh for ft
mode well
all of them if you have another one
somewhere else
i have one live account for myself a raw
spread account
and i have one ftmo account okay cool
and what do you do when you are not
trading um i'm pretty
pretty busy with self-development so
read a lot of books
i follow some course some online courses
i might watch some
educational videos on youtube or another
platform of course i like to go out go
out with friends
family and soon i will start studying
again so
and if you compare when you were not
ftmo trader and now what is the biggest difference
difference
now i take it way more serious so i
journal every single trade
i make a weekly analysis a monthly analysis
analysis
and just really look at my results and i
think that's a super super big
difference because when i was 16 17 i
didn't journal anything
um and yeah then you just don't have any
data so you don't know
where you can improve and what your weak
again strong points are and now i do
cool i know what about some backtesting
i didn't back test like uh a strategy
with like a thousand or two thousand trades
trades
because there's always uh quite a big
difference between life and back testing
i feel like like
you cannot include everything in a back
desk because when you're life testing
emotion obviously
obviously plays a big role but with the
strategy i have now i obviously
back tested it a little bit but i mainly live
live
tested it because i think that just
gives you the best results
well when you are back testing you need
to be just honest with yourself you know
yeah yeah for sure also pretty big
factor is
i also trade on smaller time frames and
tradingview doesn't allow you to go that
far back in time
so i should have a different software to
backtest on but
i didn't do it yet okay so you are not
looking for some bigger time phrase to
see some you know
bigger moves in months you are just
looking at some intraday
day trading yeah mainly i do determine
kind of my bias on the bigger time frames
frames
but i execute on smaller time frames
such as the 1
3 5 15 and 30 minute time frame cool
cool okay i cannot wait to see your
strategy can you show me
yeah sure okay guys um so let's look at
a trade i took on this account
this is a euro jpy short so i always
like to start off on
the bigger time frame so let's start off
on the daily we can see we made a pretty
massive run up
um but we can also see that the last few
days we've been going down we made a low here
here
lower high lower low and potentially a
new lower high again
so then i always like to zoom in let's
go to the four hour
and then see we broke this low made a new
new
lower high lower low and it looks like a
new lower high here
if we take the fibonacci
just adjust it a bit we can see
i always like to keep my charts as clean
as possible so now i only
keep on the 0.88 since that's the only
kind of
thing that matters as you see we hit the
0.88 fit this is the later at the last
fib level i have
then we can go to one hour and here we
can see this is super important for my
strategy we have a really clean
move here that basically means that
we take um ray and put it on here
we can see we broke this low right here
at uh three o'clock
so we took all of the orders out of this
kind of messy price action
and now as soon as we break this low we
have clean traffic all the way down to
let's say 132.9 right
so i would just wait for price to break
this low and i mainly work with buy and
sell stops
so i just wait for a low grade so let's
so it's now i'm focused on this low brake
brake
you can see we break this low right here
if you look at the time it's at nine
o'clock this is london open
and what i've noticed is that during
london open at nine o'clock exactly
that like the market kind of wants to
trick you in and it does
quite a lot of tricks so i never trade
at nine o'clock exactly i always wait at
least 15 minutes
and that was pretty good because it it
broke the low so i would have been
triggered in
and then directly shoots to the upside
and i would have
uh i i would have needed a super big
stop plus above this candle or even the
previous one
then it will be pretty hard to catch a
high risk to reward with
a lot of tips as stop loss right
and also with my strategy i use a pretty
small stop loss as you can see here
so my first position was right
and i like to zoom into the five minutes
another another key element to my
strategy are scalings
so i like to take different positions
for the same pair
because then you can kind of compound
your your profit
right there i took a short position with
my stops around here
six pips pretty small and at my target
uh right here at
at the end of the clean move like 30 to
and now as you can see already made a
new lower low
new lower high right here and if we if
we break this
area right here this one we will make
again a new lower low so i want to take
a scale in
so my next position is right
and then i again put my stop-loss above
the previous scandal and now you can see
i have a super small step plus 4x3 pips
900 and as soon as i take a scale in i
put the previous
trade like this one into profit on my
stop-loss i break even or a little bit
into profits so that's also what i did
so let's see what happens price
drops a bit and i'm already like because
i have such small stop losses my first
position is already in a 1.3.25
and my second position is also almost in
a one to three and i take both
uh one percentage from both positions so
i'm up like six percent already
but it didn't meet my target it didn't
finish the clean move
so let's see what happens next and now
both positions are on break even and
even a little bit into profit by the way
and i if i remember correctly i put the
stop loss at the first position at the same
same
um same same price as the second position
position
yep so now you have much bigger profit
there yeah
so if both if price reverses and it
takes me out i still have profit
of the first position right so let's see
what happens
price takes me out for a little bit of
profit and one break-even position
currently it's around three o'clock um
that means that there's a new
hour candle for me because price
directly shoots up so that this tells me
this is also another key element of our strategy
strategy
this is just upper recreation now i i
think that the four hour just makes an
upper way
before dropping lower because we're in a
downtrend we make new lower lows and
lower highs
so i just want to i'm still interested
in shorts
so as soon as this happens i will
determine kind of liquidity points
so i will go back to the left and i see
here this is a nice liquidity point this is
is
the first scandal of the move down the
same here
first candle of the move down is the
nice liquidity point
so this is the first area i'm i'm
willing to look for shorts and this is
the last area if it breaks above here i
won't be needed for shorts anymore
so let's see if price comes to the first zone
almost steps its own it taps in here
and here we can already see price move
price moves up pretty aggressively
so now i'm going to take shorts again
again at a low break
because as soon as we let me zoom in a
bit as soon as we break uh this low
if we're pretty clean we have a pretty
clean move down right
and since my stop-loss is only four and
a half pips
if we mirror this this clean move i will
already be on like a one two three wrist
to reward
so that's super nice so i placed a cell
stop right here with my stop-loss above
here and again the same target at 132.9
here i'm triggered in let's see what
happens as you can see
these are all five minute candles so
after two candles
i'm already in a one
almost one let's see one two one to two
risk to reward in just like
10 minutes so that's also why i like the
strategy so much you can get pretty iris
to rewards in a
fairly short period of time
so let's see what happens complete the
four hour pulls back this is just like
now it's printing a four four hour upper wick
you can go to a bigger time frame
i took the position right here we can
see there's also a 30 minute
liquidity zone snipe a pretty pretty
good entry if you ask me
and there there we have it a super big
move down
this hit um so yeah a really good trade
and i catch the one to nine in just a
couple of hours
wow wow well first of all what a nice
preparation for this
thank you really good job i have so many
questions i have i don't know where to
start and i didn't want to interrupt you
yeah you know you can ask anything you
want so
maybe first of all uh let's ask about
the break even why do you move them
because especially with scalings let's
say you have
two scaling so that means your three
positions your original position and two scalings
scalings
if they if you don't lose your stop loss
they all hit
um stop loss at the original level you
have minus three percent because i
always take a percentage risk
um and that's quite heavy i don't want
that and especially with
uh scalenes if i take a scale in my
first position is already in profit
so why not secure some profits um
so yeah that's basically the main reason
because let's say if i take three
scalenes and i have four open positions
and oh it's stop loss for minus four
percent that would be a shame
and if price even made a lower low and
shortly it doesn't
uh not make sense to move your stop loss
into profit
yep yep and what about the fibonacci tool
tool
uh how important it is uh in the higher
type frame for you
uh in the higher time frames not
necessarily super important it may
i only short or buy above the 0.5
because everything above the 0.5 point
shorting i see as
expensive and obviously when you sell
you want to sell as high as possible
so i prefer to short from 0.786 and 0.88
but i mainly use fibonacci in
combination with liquidity zones
and it is also overall just technical
analysis you don't
care about some fundamentals um i'm
actually in a trading group
and the owner of the trading group does
every week the fundamental analysis for us
us
okay but especially with trades like
these where you're
in just for a couple of hours i don't
think fundamentals make such a big difference
difference
of course it's always nice to trade with
fundamentals in your advantage
but i think it's more important when
swinging and when holding positions for
several days or weeks but it pays some
attention to them yes
okay and what about some candlestick patterns
i do pay attention to them but it isn't
that i
i don't have set rules for like
obviously a bearish engulfing
um deals with our selling pressure
and for example a four-hour week
let's see because indeed if we remove
all the mess
you can see this is the four hour that
we took the trade and we took the truck
right uh around here and
obviously when a four-hour candle catch
it gets pushed down like this
we know that there's selling pressure
but for example
uh here there's a bullish and girl thing
but then there's a bearish engulfing i
don't pay
that much attention to it only like on
key areas
so for example in combination with zones
and with fibonacci but i think
if you go to like you can you can spot candlesticks
candlesticks
or patterns everywhere you know so if
you look for them
i think they can tell you something but
they have to be in key areas in a chart
otherwise they don't tell
so much in my opinion and how do you
calculate position size
i have a pip calculator for it i just
use a website
and yeah that's pretty easy i just type
in the um
the currency pair the amount of pips and
the amount i want to risk and then it
calculates the lot size for me
automatically and do solely focus on
euro japanese yen
no i have different pairs um if you want
i can
i trade like 12 pairs i believe i trade
all the major currency pairs i don't
trade um
a super exotic pass these are just two
examples that i would like to show in
this interview
they also trade bound uh euro
dollar all the major pairs
and how do you choose which one i look
at my performance obviously
um yeah i mainly look at the performance
and then i just pick the
pick the ones that i like those that i
that i like to price action the most
and then the most profitable with
obviously and
where do you have your best performance
right now with gold
gold yeah okay so show me some some analysis
analysis
in the goal please so this is the other
trader took on this account this was
also a pretty big winner
i have to say when i took this trade i
was already up like 10 to 20
on my fdmo account so for these two
trades i risk both two percent instead
of one percent
because i think when you're up already
10 to 20 you can
afford to risk a bit more in order to
also get more profits obviously
so let's see this was a gold short and
again i always look
uh let's start off on the daily
the daily is definitely bearish
a lot of selling pressure just speaks
for itself i think we broke all the
previous slows so
uh pretty self-explanatory in the four
hour we do see again a super clean move here
here
if we zoom zoom in on the one hour
let's see yeah here it is this is the
one candle that we kind of want to mirror
mirror
and it moves all the way from 18 or like
uh 95 to like 8 and 12. it's like 170
uh 170 pips in just an hour so this
tells me that there are barely any
auras in here so this can pretty easily
be replicated
so that's why i wanted to look for a
short right there and with such a clean
move you can also be a bit more
aggressive with your entries
let's zoom into the five minutes and
with gold i tend to refine my liquidity
uh zones even into the one minute
because i've
noticed that gold really listens well to
like the one minute liquidity
zones and you can also get the best
entry possible
so let's see what price does here we
continuously make lower notes lower highs
highs
so they just want to be shorting as high
as possible
uh let's see let's go even to the one
minute chart
so here i determined again two zones
same as euro jpy
i want to loop what price does here anna
if price comes all the way
here i also still want to look for
shorts let's just
see when price comes here yeah so it
comes price comes
right here into the one minute liquidity
zone and i always wait for low grades as
i said before because
obviously i could also place a cell
limit right there with a stop above the
um zone but that's way riskier in my
opinion i think you can get a
higher win rate so more success when
waiting for a load to be broken
maybe this is not the best way to get
the highest risk to reward but
for me it definitely works better than
just placing a buyer sound in at a
certain zone
i think i determine yeah i determined my
position on the my entry into three minutes
minutes
so here we can see okay if we break this low
low
in my opinion we could fall lower i
could also wait for this load to be
broken obviously
that would be more that would be safer but
but
having in mind that the clean move is
super super clean
uh i can be a bit more aggressive with
my entry
so i entered right as this low was broken
broken
it's right here you can see price comes
back up a little bit
but then this slow gets taken out as
well i believe
yeah then we drop uh pretty rapidly
because uh the move is so clean we can
we can mirror it pretty easily
this one to five years to reward so it
would be nice we can hit it especially
with two percent risk obviously
and here as you can see it just missed
my take profit
and then i believe it goes up again so
from i was into
i had i ate a one to five almost and
then price came all the way back and i
was only into like a one to three so i saw
saw
quite a bit of profit being uh being vanished
vanished
and i was a little bit salty to be
honest i thought ah because this is
just like
um but as i mentioned before i really
like to take scalings
and here i determined again in different
zone this is like a
five-minute zone here so i wanted to
look for a reaction here but as i said before
before
gold really listens well to one minute
zones so
let's skip some price action and here we
can see
we made a new one minute zone i actually
should have taken an entry
right here at this low break also only
three minutes
sell stop right here but i wasn't paying
that much much attention to the charts i
think or i just missed it
but i obviously still wanted to enter
another position
so i knew okay as soon as we come back
to this one-minute liquidity zone
let's remove this one for for now and it
rejects it
i want to take it through it doesn't
necessarily have to be a
have to be a low break because i already
missed the main load break here
but i want to take another position just
like a quick scalp entry to
to finish the month off in a good way basically
basically
um so let's see we did go uh
get to the zone and we did reject it so
i believe i entered somewhere around here
here
not at the low break because again if i
would enter right here
um i would barely get even a one to one
if i'm going to trade it to a 1794
95 so just end it right here
and we can see up to like 15 minutes we
smashed it
i got like a 1.1 to 1.5 and like a 1 to
one point uh
and a one to five so pretty pretty
pretty good
especially with two percent risk um so
yeah these were two trades this was a
really big winner because if you
do this times two this was like a 10.4
percent winner this was like a three
percent winner
on a 200 k account that obviously adds up
up
so this was i think my biggest winner of
the month
wow and did you move also to break even
again when you opened the second opposition
opposition
yeah sorry yeah i did um so especially
with having two percent risk you have to
be a bit careful obviously
and when i entered the second position
my first position was already into
one point three and a half uh risk to reward
reward
so even if i would have been taken out
on this one
and my stop-loss would have been hit on
this position as well
i still would have made like a one two
three so six percent
and how do you calculate the risk why
two percent
um yeah good question as i said before i
was already up like ten to twenty
percent when taking this straight
and then i can i can afford it to lose i
think two percent uh
position if you're up like 10 uh like i
think i was up
18 or something then it does
like risk losing 2 percent isn't that
big of a deal anymore obviously it's
still a lot of money
so you're risking more if you have
enough enough initial balance
yeah i always try to build kind of a
buffer and then i would like to risk like
like
1.5 or even two percent yeah
so normally you raise how much normally
in the beginning i always risk one
percent and in the beginning
when i received this account the first
month i only risked 0.25 to half a
percent just to be really careful
you were scared sorry you were a little
bit scared right
yeah yeah i just wanted because i
already screwed up an ftmo account
before when i was 18
and i didn't want to happen that like i
didn't want that to happen again
and to be honest my main goal was just
to get the
challenge feedback so i just wanted to
end the month of profit
and that's why i only and i thought okay
i'm playing the long-term game i don't
want to make
an insane amount of profit the first
month i'm just i want to have this
account for
for the long term so better be careful
better be safe than sorry right so
that's why i just took half a percent
risk next year and do you leave some
profit to another month
uh no i went through everything you
all right and how about some losing
trade you have some there
well i didn't prepare one but yeah
do you remember yeah it's a pretty funny
story actually
i remember that one day when i was still
risking half a percent
um i made 10k on a day so five percent
that was a super big milestone for me it
still is a super big milestone
um but i think subconsciously i was
still a bit
um overconfident and obviously you know
as a trader
okay if i make a lot of profit like it
should have influenced my trading right
um but still subconsciously i think it still
still
somehow affected me and then so i may
think a
uh one day and then the next day i lost
7 500
trading gold so the trades weren't even like
like
they were okay trades but i just it
wasn't my day and i risked a bit too much
much
and i think that also shows the shows
that psychology in trading like
uh what i do now when i have a super
when i have a big winning day i
tend to not trade the next day just to
be sure and to kind of
um empty my head again and just
to to not to make sure i won't waste a
profit the next day
okay all right thank you so much for
this preparation you know
and can you show me some results in
clandara yeah
sure all right what a nice chart and i
can probably see
that in the end you've been probably
doubling the positions or you've been
opening another another position so that
you can you know scale up
the whole trade is that right yeah
that's correct
as you can see it went up pretty
massively uh from here onwards yeah
and that was the best trade that you
showed me somewhere there i think that
was from
uh yeah from 50k to 76k so actually i
was already up 25
percent i think this is the goal track
cool this is
exciting really nice to see and how do
you analyze this whole period
um well i to be honest i don't use a
client area
that much i do use it i think
i think it's super useful to determine
which pairs you're
the most profitable and during which
times but
also journaling in my own excel sheets
and i also use
notion to journal so i already have a
good overview for myself
but i do think this in general uh
officer trade was a good overview of
the trading skills like they're strong
and weak points they're good they're at
their cars that they're super profitable
at and at times
but to be honest i don't use it that
much myself
cool so show me your statistics about
right here nice nice 61.8
and the average score ratio 1.82
nice this just has to work yeah
do you have your owner screw are you
calculate by yourself or you are using
this this inclined area
uh yeah i kind of that what is what i
just showed in the two trade examples
um they both have higher risk to rewards
but i always
uh but i also sometimes use uh scalping
in order to make some profit
and then i mainly aim for like a one to
one one to one point five
as i showed in the second gold um
position the scaling
but also one to one point five and so i
think that's why the risk to reward is a
bit lower than in the examples
but then it compensates with the win
rate obviously because when you aim for
a lower risk to reward the win rate
obviously it's a bit higher and show me what
what
what instruments have you traded you
know instead of the gold and your gpy
uh these are yeah it's right here cool
so gbp jpy usd jpy
they were also profitable and what
happened with the aerocad and usd cad
yeah it's quite funny both uh
canadian dollar pairs i don't know why
they're like i just took uh
i think a couple losses on them um but
as i showed in the examples as well
uh like a mainly scalp on euro jpy
gbp jpy and gold so i don't scope on
eurocad and ucat
so when i trade the other instruments
they tend to have a pretty high risk to reward
reward
and probably the trade that i took here
like obviously it
ended up being a loss but once i take
another trade with let's say a one to
seven risk to reward on your
eurocat and i win one time i obviously
make back the last like
uh three four or five times so i don't
know if there's a correlation between
canadian dollar that i mean should maybe
stop trading canadian dollar but
in other months they have to be
profitable so yeah let's see
and if i remember well you said that
you are aware around nine o'clock
because that's when the loan open yeah
yeah i do wait 15 minutes
because when london opens i
notice that the market kind of wants to
trigger you in and then it just stopped
us pretty pretty rapidly like at nine
o'clock there's a lot of
volume kicking in so you see a lot of
fake outs um
and i just don't want to be trapped in
for example a fake out obviously
um so i always wait like 15 minutes at
least and sometimes 30 minutes if price
action is still a bit messy
and then i will start looking for
entries just so i won't get triggered in
at the wrong side of the market because
that's obviously
i want and at what time are you most profitable
profitable
um it's up that's the volume
uh yeah at 12 00. 12 o'clock
why do you think is that i think that's
because i always await the four hour
closes the four hour candle close
at 11 and as i explained in the examples
the four hour recreations
also plays a big part i always want to short
short
as high as possible and sell um
and buy as low as possible obviously and
the four hour week creation gives a
super good
opportunity for that and i think around
12 o'clock
uh most four hours major recreation and
then i think i enter
and then they flip bearish if i'm
shocking i'm bullish if i'm buying
but as you can see i've only been
selling this month
okay thank you so much for this 3d go
interview really like it
and let's go for the next part of our interview
interview
okay so do you have someone who inspires
you in the trading community
um i do have one person as i said i
think i mentioned it before in this
interview i'm currently in one trading group
group
and um the kind of owner of the training group
group
he provides fundamental analysis he's a
really good trader himself
there's some other people in the trading
community that are also training for fdmo
fdmo
so you kind of look up to him his name
is will damo
maybe some of them some of the dutch
viewers know him
and yeah i kind of look up to him ever
since i joined this community i've been
going upwards so i really appreciate
that i always help and yeah
cool and what are your plans to the future
future
um i'm currently in a verification phase
for another 200k account for fdmo so i
want to maximize the
um the i want to gain the maximum amount
that you're allowed to watch for ftmo
i want to get it as soon as possible obviously
obviously
and for the rest i want to use my fdmo
profits to trade life on my own account
because i don't know how it is for other countries
countries
but unless you do pay a lot of tax on
the profit you make on fdmo but you
barely pay any tax
for your uh if you're if you trade with
your own capital so obviously i want to
trade with my own capital as well next
to fdmo
and just make use of the sdmo scale then
i think that's really really cool
and what would you say to others about fdmo
fdmo
i recommend it to everyone most people
they don't even believe it they think
it's a scam or something because you get
70 percent
i myself was also really surprised i
thought 70 for me and not for ftmo i thought
thought
maybe it's the other way around and yeah i
i
always recommend that they have super
super low spreads
like low commissions everything like
it's it's crazy
i i really like it wow thank you so much
for those words
and do you have some guidance to our traders
traders
uh well i think uh you should just
like what i uh did before i started to
trade for ftmo was just
search a good working strategy trade
with it myself for like two months
at least be profitable because i know
that a lot of people say
you have to back this your strategy with
like a thousand trades or like trade a
half a year
and then only go to fdmo or go for the
next step
but in my opinion if you can pass a free
trial from fdmo like twice why wouldn't
you be able to pass it for a third time
so my advice is just search your own
good work strategy and as long as that's profitable
profitable
just go and join fdmo and try to pass their
their
challenge and their application great
great thank you so much
and pepe well once again great interview
thank you so much for for sharing your
strategy with us and other highlights
especially your thorough analysis and
your thorough preparation that was
really awesome thank you so much and i
have one special advice for you
the traders try to beat the market but
they often forget that they are the market
market
do you have do you have any last words
that was a nice quote by the way
but uh yeah for other traders like i'm
not special if i can do it then you can
do it for sure
so yeah just don't quit and continue
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