This is one of the largest and most loved Forex trading channels on RU-vid, and there are good reasons for this. First of all, this channel tells you not to do most of the things you see on other channels. The success rate in Forex trading is tragically low, and the education that was out there was one of the main causes. This is why I created No Nonsense Forex. Second, I explain things in a step-by-step manner so you know exactly what to do. Third, I focus heavily on the two things which contribute to your bottom line more than anything -- money management and trading psychology. Without these, you have nothing, yet everyone else want to gloss over these two subjects and focus more on charts and news because that's where the views are. Not helpful. We then take our newfound dominance in the FX market, and carry it over to metals, indices, crypto, and other markets. Once you have your Forex trading strategy in place, you can dominate almost any market out there.
Start early with diversified investments in stocks, bonds, and real estate. Maximize contributions to tax-advantaged accounts like 401(k)s and IRAs. Regularly review and adjust your strategy to ensure security.
I'm here just to read the comment. People give their opinion so fast, they probably didn't watch the whole thing. 27 pairs is nothing if you trade NNFX's way. Keep watching and you'll get all your answers.
Ser, I just want to say a massive THANK YOU for your work. After years of being at it on and off, finally I've put together a phokking magical algorithm with one of the old obscure indicators you have suggested (I redid it in pinescript in a pretty different way). It calls reversals with REMARKABLE accuracy, way way over 50%. God bless!
The WPR fast/slow indicator is just outside top-tier IMHO (apart from the fact that it's a zero-cross histogram), so it's not surprising that smoothing the signals out with an MA could only help because it's pretty scattered otherwise. Still not near the best indicator though, but it's in good company.
Your channel is a mess. Before uploading this huge amount of videos, organize them a little. I'm new here and I hope to benefit from your channel, but I'm lost.
I just wanna say that the braid filter is very good indicator if you know what you are doing also I wanna say that RU-vid.com/@stonehillforex7998 was wrong to say whoever made the other vision with the ATR in the settings it didn't change anything. People often like to leaved certain indicator as a default but u wouldn't believe how much that indicator could filter out sideways market if u change the ATR value on that indicator.
In terms of dividends, from what I’ve researched dividends are not free money since valuation of the company go down approx. the same percentage as dividends increase your investment in them. Essentially dividends are additional expenses for a company so share price is adjusted based on that. What do you think?
No matter how hard I try, unless its some basic shit like sandwitches or cerial I find it impossible to cook anything under an hour (washing included of course).
I agree that Fibo is a trap for every trader. at first I am skeptical about its practicality but it turned out that my skepticism is correct all along. I use another indicator almost behave the same way but a channel version and moves where the market goes.
Hey VP, finished babypips with plenty of notes✔️ Very familiar with your approach and want to replicate as accurately as possible. I want to use Oanda but my daily close is GMT+2 = Midnight UK. I kinda know my answer , do I start my trade at 23:40 if so....why do you Insist everyone should get as close to your daily time frame around the world? 13:40 PST better for world trading? Second Question (I know you hate) does Oanda have 2hr ahead start on where the actual fx market will go for their UK customers? Possible manipulation? As the daily close should be 22:00. Just want to trade at the correct time of day as you suggest but am I over thinking. Many Thanks.....your work is outstanding 👏
To your first point sounds good in theory to live in Asia as you say you do but you obviously don’t have children or maybe you do but you choose to not be a big part of there lives but if you’re family oriented as I am being around your family is more important than money and your mental health wellbeing but good on you if you can do it without conscious.
If you know, you know. Forex traders, the good ones, stay in shape. Everything is balance and discipline. We can ball out, but also go solitary & frugal. Nothing is done unless it makes sense, it’s the Engineer in me.
That episode must resonate with all traders, and for me one I will keep coming back to. I'm pretty well disaplined now as I have to be with my trades running for days at a time, but it's always closing that last trade out that I struggled with, so I was always guilty of closing it too late for the uncomfortable feeling of not having any running at all and get bored, however I'm much better at sitting on my hands now with a more relaxed patient mindset you guys have taught us, thanks again both.
_Blast_ airdrop this week and it is doing native interest (not locked in some dodgy pool that might get 'hacked' they just automatically put ETH into LIDO and pay you the interest and stables into a yield instrument that is backed by US bonds so it's also not locked into some dodgy lending pool that migth get 'hacked oops your money is gone') - look into _Blast_ chain.
Cooking is great if you get decent at it the taste is better than most restraunts. (You don't even have to be amazing at it just decent). When I eat out it's mostly social or for things that I don't do at home but it's like 1/month sometimes 2.
@@NoNonsenseForex yup - I too like eating out but I limit it unless on vacation, for the reason u mentioned. Where i live it's not as inexpensive so I gotta keep it down.
In some ways saving a grand is better than making a grand because they usually don't come shake you down (tax you) on the money you didn't lose. Not yet at least.
The only way to increase the amount of money you have is to either earn more, or spend less. In many cases, it's much easier to control how much you spend. Break out of your habits and routines, stop buying smokes, your daily starbucks, those impulse items and energy drinks. Pay off your debts as soon as possible, any debt interest is going to kill whatever investments you have. Once you have that groundwork, get a cashback credit card that pays 1-2%, either in cash or relevant rewards (gas, air miles, etc). I keep a few thousand in my debit account and any extra cash goes into short-dated bonds, if it's not actively invested (you can also consider a money market account, which has its own risks, but will typically compound daily). In any case, don't keep an excessive amount of money in a debit account that does not reward you. In my part of Canada, rent is quite expensive (around $1200/mo starting for a single apartment). I have some family that I rent from and manage to pay $550 a month, $40 for cell phone, $40 for a bus pass. I'd say I manage to save around net $600/mo that goes directly to investments. And I agree with cooking. Learn to make a basic roast, stew, etc, you can meal prep for the week and probably save hundreds of dollars per year. Learned a ton during the covid years (the Epicurious channel has a lot of great basics and ideas). But I'm actually not a big fan of dividends... I feel like doing share buybacks is the best way to reward shareholders. I suppose it's not a big deal if they're in a tax-advantaged account, but it just feels cumbersome, and a "dividend aristocrat" (say Coke) only needs to raise the dividend by 1 cent per share to technically qualify for that designation (regardless of outstanding float). Like if you get a 1.5% yield from something, that you then put back into the stock ... just keep the money in a high quality, non-dividend stock to begin with? And if you take the yield away and put it into something else, then it harms your ability to compound. But yes, the small steps you take now will have exponential rewards down the road. Many people do not appreciate how powerful compounding gains are.
Oh! I forgot to mention: Most people are addicted to the easy money and post-covid gains from money printing and high inflation causing some assets to reprice. Remember that the historical levels are around 2.1% inflation per year; every investment you make should exceed that (long term) or else you lose purchasing power over time. Make sure your choices offer a good risk/reward ratio and that you are well diversified. A good investment should average around 6-8% (with S&P currently offering a 9.1% average over the last 5 years, most of it driven from the recent tech boom). Dollar cost averaging is king, just set aside a monthly budget and commit to an investment plan.
@@NoNonsenseForex You revealed that you were planning to make a video on April fools titled "FYPM" where you tell us you'll charge us for everything and will take the channel down or something like that but changed your mind when you thought about language barriers and people potentially not understanding that you're joking.
VP, what's your thoughts on bybit moving away from MT4? I'm only asking because you practically INSTILLED mt4 in our bodies, minds and souls 😅😅, other than that I hope you're doing great !
@@NoNonsenseForex I actually got the email I think 48 hours ago about. I myself was sad, moved my funds from there to the regular bybit futures, which isn't an issue obviously because we're algo traders , but mt4 slowly leaving the trading sphere will hurt, because without MT4, I would have never been able to cook up my secret sauce Kaufman averages hehe, thank you again
@@NoNonsenseForex Is there really a big difference between MT4 and MT5? Like Blueberry lets you do both and it just seems like there are more tradeable products on 5
5 years since I listened and studied all your videos .. 5 years later I tried all the strategies, all the time frames.. 5 years later I decided to stay focus on daily time frame trading style .. No FOMO TRIGGERS NO REVENGE TRADING NO STRESS NO PAIN That was part of the journey
Hey NNFX, been watching your vids for the past few days and I really appreciate all the value you are giving out for free. However I have a question, since the market is moved by the banks, and all those support and resistance lines and other tools are useless, why is a system based on indicators better to give us an edge? Don't get me wrong, I am all in on your algo system and have seen a shift in my results because of it, the only thing is: why can indicators override the banks moves? We know the how, I need the why. Again, thank you for all the effort you are putting into educating us.
Interesting discussion. I didn't know people even struggled with this. For me, the only purpose trading has ever served is to fund the life I want to live. So boredom is actually ideal. Because if I'm bored, that means I'm no longer stressed, anxious, confused, frustrated, etc. All the emotions that typify the trading experience. The excitement comes from the rest of your life that's now made possible by the money you make from trading. Trading should be boring.
Hi VP, why are we using different settings for different pairs? I remember you said a good indicator perform across the board . Doesn’t this go against our rules? If I recall only a small a mount of indicators you have to adjust the mid line.
I always used to get burnt by AUD/NZD and was reluctant to trade them. I decided to figure them out so I did a RU-vid search on AUD/NSD. The No-Nonsense video popped up, and that was my introduction to No-Nonsense Forex. I then became a much more profitable trader! Cheers, have a great day🤩🤩
