Is it possible for a trader to have knowledge in different strategies and use a strategy depending on the situation and thus increase his winning percentage?
I am subscribing because you, Nick, have spoken about something that can make or break lives ! You, unfortunately speak the truth.. and while the pill is bitter to swallow, its reality.. and a good one at that. Would love for you to do a video on a detailed backtest so we can learn something. A very new and grateful subscriber here ! Thank you so very very very much !!!
Nick, I've been watching your videos consistently now for over 2 month's, and this video really helped define everything I've been learning about your strategies, and forex as a whole. I'm really starting to recognize the volatility and use trend trading to my advantage. Thanks for everything you do!
I swear to God... I watched the first 37 secs of this video over and over again 😂... I love the sync of the beat and his 'aahhh' after taking a sip😂😂❤️
Check out a TradingView indicator called Position Sizer for UltraCap Trading Accreditation. It’s mostly for passing a prop firm challenge, but you can use it to grow a small account also.
You have me excited to treat my account as a savings account. 🎉🎉🎉🤯 Thanks. I have a cleaning business and will use 1 Airbnb customer to fund my trading account
I agree 100% with everything else. Only thing I disagree, is Backtesting is a huge waste of time, most expert traders with hight sccount don't backtest neither. market is too un predictable to try to guess what happeend before with what happened today. Growing and account using only 2%-5% it would take years. 5%-10% is more like it.there comes a time when one NEEDS to take a bigger risk. to grow it.
hey nick I am new to your channel here you have some of incredible content which is really useful and I have been learning forex trading from approximately 2 years and I like it and I have failed a lot in it but I still keep on going I learn from it too I am watching your videos 1 by 1 to get some knowledge and apply and create my own plan my question is before 6 of 9 years of your trading where did u began from and where did you learned forex trading a course or school or academy thanks
He said one shouldn't depend of trading as the only source of income. For me if trading is your only source of income, you don't have any option than to withdraw.
Great eye opening video expecially for people that are new to trading! :) @TraderNick hope you can create a video about leverage please! I got curious about how it can hurt your account. I tried to study it but it's really confusing. Is a 1:10 leverage okay?
I agree with most of what you said except having 100k in the trading account. Does the trading platform gives you interest for it? And insurance? If not, I rather put 90k in other low risk such as index fund or blue chip companies. I can always fund my account during drawdowns.
Nick, Ive been trading for 15 years, and as You mentioned, key to success is to trade small . No way around it; I wont make a billion like Soros, but Ive been profitable for a few years now. My strategy allows me to trade long term and being able to sleep w/o worrying about sudden, large moves.
For me i have withdrawn some money but it was profit to buy some stuff for my work, but right now I try to get funded so I stop putting in the capital in my trading account. Of course a snowball effect would be much better for sure.
Well, don't be discouraged, although all of what he says is true. Still, there will be times that amazing deals will come about, and you could easily double your account. You just need to be a clever trader for when the time is right.
Trader Nick, you need the magic strategy. But, you also need to test it on a live demo-account, to verify whether it is consistently winning. After that, you can give all the tips you want on money-management...and lot size. Anyone who goes against the advice given here, doesn't know what they're talking about...
Nice video -- no wonder I subbed a while back! ;-) 3.0% per month is a double every two years. 10 - 20 - 40 - 80 - 160 - 320 - 640 - 1,280... That's $10k into nearly 1.3 million in 14 years. That is amazing over the long term. It is stunning to downplay this, and anyone criticizing you for "poor gains" is downright delusional! We could start with 8 and make this byte math so people could relate it to their computer memory. BTW, how much money is in this account after 20 years at the same 3% per month? It is actually more because I'm not even figuring in compounding that takes place throughout the year!
Very sound advice! A $100 account isn't a small account, it's a very small account, no matter which country you're in, because the market doesn't care. If you have a very small account, you should only do one trade at a time. Also, the main virtue a trader shoud have, in my opinion, is patience - it'll stop you jumping into trades you shouldn't be doing & therefore cut your losses. Trying to grow a $100 account seems to me to be an incredibly difficult task : you're going to have to be very good at picking out winning trades, and even then you won't see your account grow enormously, even after a few years. You'd be better off buying some lottery tickets! Sorry!
Are you saying forex trading for supplemental income at any point is not a reasonable expectation? Sounds like you are treating yours like a savings account. I'm inferring that at some point in the future you could/will make withdrawals for supplemental income?
Hi bro am from India, I want to start forex trading with less amount approx 50$ because 95% losers in forex so am planing to invest less amount, can you please suggest Best broker and sclap trading tips 1min,5min and 15min
I'm agree with you, if u want to make big money, with gambling mindset, just go to casino, you're wasting you time learning all the startegy looking for chart learning for months, you're wasting you time in financial market with gambling mindset
If I'm understanding correctly everyone doing this is doing this primarly to sell more stuff and not for the return. Why else put all your time in trading forex or any other asset if you can achieve 15% more easily by Value investing and doing some minor adjustmenst every year to your portfolio?
What will the value of a Million be in 20 years from now? you either blow or you make it period, Trade agressively until your out of debt thats my view. We see people do it. Cue banks Alex G. nah Nick. Good Advice though but people dont leave their 9-5 to trade and earn like their still working at McDonalds. Your Advice is perfect for like a 45 year old with a low pension that will work for him because he will never go broke but us young people whos have college debt,broke and cant make rent nah bro we go in gunz blazing just to get out the hole then will figure it out from there lol
@@TraderNick awesome I look forward to the vid. yeah there can be a lot of hoops to jump through but I think as an option to take a small account and grow it, there's a lot of merit in mentioning it as a viable option. Could for example take profits out and put into your own account and use trade copiers, or just trade for multiple firms. It can speed up the whole process if done right rather than years and years to get to a couple hundred thousand, or even a million
This video is a little bit misleading to me, I know a friend who make about 5% of capital every single day and if you talk about 15% a year, it's something I don't really wanna do.
