95% of Forex traders fail why? Because they give up quick, it takes time and lot's of experience to become a profitable trader, i will advice any new bie or those having difficulty to always seek guidance from pro trader's and more to avoid lose of funds.
due to my experience in the market and in all my years of trading the most valuable insight i made was getting in touch with a pro trader Mr George and ever since i started investing with him have been making cool profits like never before.
Honestly same happened to me but I decided to join a bronze package with the shift app made by 3 dubai brothers where signals are seen ...just message me on ig for more info @dolayesoul
The competition is on and every trader wants to be the best and successful but the truth is not everyone can be successful in trading. But I still think Forex trading and crypto currency investments still remains the best option for now.
I will like to see you do better Lukasz. At 60% you are just a little better than a guess. You are running too close to break even on your trades for my comfort. Keep refining your trades strategies and get your winning rate at least into 70% area.
@@lukaszpawlowski7298 Here is my perspective. I was very hesitant to trade the markets at the typical 65% to 70% winning range. To me that is basically two steps forward and one step back or as almost no better than a guess. Our team developed a trading methodology in 2004 which I am currently trading; where we experience winning near at or above 85% to 90% of our trades.
The percent of wins isn't the most important thing. If you only hit 1 out of 5 trades and that 1 makes $1000 and the other 4 trades hit a tight stop loss order of $60 each, that is $750 in net gain. In fact, this is so common amongst experienced day traders. At this level of trade winning, day trading is more like a business decision, than a guess. That is exactly the way I want to be trading and what I would expect. A great forex trading mentor I recommend for amateurs is (@Shannemoody via telegram), Shanne is a great option educator & an expert day trader.
Since i started learning forex trading a month ago i’ve watched so many different videos and read so many websites but this single video taught me more than anything else i’ve looked at. Honest and simple. Thank you and i look forward to watching more from you.
Nick, you were born to do this, a great teacher, your absolute love for helping others. You are an inspiration. Good Luck in everything you do and God Bless.
don’t thank us for taking the time or for watching the whole video. not watching all this would only hurt someone and then they wonder why they aren’t successful. thank YOU for taking the time and helping us out
I really believe a properly diversified Portfolio will always win, I’ve got my hands on currency pairs, indexes, cryptos, I’ll keep putting to see where it goes. But so far I’ve made a lot of income on those assets.
Bilal Hafeez I earn passively, I’ve got my account managed by Matt Berhalter, he makes the decisive choices on my investments. You can reach him via Whats app, below
For me, I lost money repeatedly because I didn’t know how to go about it till I came across recommendations of Mr Payden and reached out. It’s been a great journey ever since.
Hi Nick, I just found your videos and channel and have subscribed...seriously what you're teaching here is way better information than the Market Wizards series, to an aspiring profitable trader! The specifics you've laid out are the missing piece, GOD bless you SIR!!!!
Hey nick, i joined your community discord (bought the service) i ran quickly trough some of your previous “signals” you’ve done great for this month, and the trackrecord that is some incredible results! I understand that there are bad & good months, and i am not expecting the exact same results next month, but understand you’ve done really great
Hey Nick, Thanks for taking the time to share your knowledge! I've got a couple of questions about this video I was hoping you could answer: 1. If you're max risk on a trade is 5%, how is it that your overall goal growth is only 1-6%? It seems to me that the risk:reward aspect doesn't quite match up there but maybe I'm missing something. 2. If you are basing your entries on price action (TL or S/R) why aren't you placing your TP's based on that as well? Thanks so much for your time! If it's easier to connect another way, I'm on TradingView if you'd prefer more of a private chat or just want to connect with a fellow trader. www.tradingview.com/u/Jabest/ Keep up the good work!
Thanks Nick, for me the trading plan was very useful, as my trading is not that detailed, but I am sticking with my D1 trading, since it is working with me, and my life style, I have to say, making your plan and life style come together and contradict each-other was a big thing for me and getting them to work together was a big deal for me personally. Thank you again, and wish you a great weekend, and to every one around here.
cant tell how many videos i've watched, but this is the one! you really provide a realistic outlook on trading, and making a trading plan! can't agree more, risk management, and psychology are more than 70% of a trader's succes! which most people fail to realise, if you really look at it, technicals and fundamentals are the easiest to learn... Thanks for again, a great video! Happy trading
The advertisement right before this video was literally telling folks not to look at strategies from the internet because of the exposure which leads to it becoming less effective. why would youtube place that advertisement right before a video like this??? Nick, you're an inspiration to hundreds of thousands and I love all your videos...Idk how ads work but you might have to speak with youtube.
Great video nick , I've just joined and just got into trading again without a trading plan and am down 9%. So something like this is very useful. Hopefully you can bring out other simular videos.
.......hey nick... i just started to focus on forex. it is been 3 weeks. but i totally agree with your every words....every! why are you sharing this precious tips to everyone? it is good thing but i just want to know why. anyway really thanks to your sharing.
I havent even watched this video yet, but I know its gonna be amazing! Im sure this video will be an incredible help to everyone and thanks for your time making this Nick. Cant wait to watch it later 😂
Brilliant reminder why to plan your approach to the market, strategize what works for you and recording a journal as this becomes your performance report to potential investors who want to use your services if available. Although my approach aims at a humble yet fixed daily returns, being consistent most of the time confirms that the path to success is right. Thanks Nick and keep it up.
Thank you for the inspiration. I've started a journal, trading plan and will begin reviewing. I'm new to Forex and am always looking to learn to improve. Thanks
Really interesting man. I do a lot of this. We each have our differences. I always always always will look at the daily chart to see what the overlying trend is or get a feel for what the pair is doing. Once i establish the key info from these charts i will drop down to 4 hour charts and eventually to 1 hour charts. I trade off the 1 hour chart. I use stochastics and bollingers and RSI. on my chart i have a EMA 8,20,50,200. Really it is all about confirmations. I never use just one thing to trade on as depending on what type of market the pair is in, certain things are useless and others are more relevant. It is a combination of several things going the same way and usually on multiple time frames. Signals on top of signals. Once in a trade, further signals in my favor mark add on points.
Another great video. From the tactical view, you are OK. What many traders do not understand is that with a trading plan, you always win. Even if the trade goes south, you win because you determined all the possible outcome before engaging. The loses (learning fees i call them) are acceptable before you enter the trade. PLAN A TRADE and TRADE THE PLAN. We become what we think about all the time. If you think you are successful trader then you will be over time!
About risk management, how can you provision a maximum of 50% drawdown when you only risk 5% per position max and have at most two positions. Isn't that a 10% drawdown max? Or do you mean 5 consecutive days of losing two trades at 5% that equals your 50%? I hope you don't see this as a critical reaction, I'm just interested in how to interpret this number. Nice channel, you have an extra subscriber.
Hi, thanks for sharing your plan Maybe I misunderstood, but do you risk 5% of your account each trade , looking for a profit of max 6% a month? In that case just one stop loss takes your month profit away
Any elite traders can tell that this money management is just stupid. Risk 5% and expected for a return of 1-6% monthly. Mathematically suicidal strategy. I barely risk 1% on a trade for at least an RR ( reward risk ratio ) 4:1. Simply put on a single trade i make at least 4% of my account.
i got margin called twice in 2 weeks time the first time i tried trading in XAU USD. my account got absolutely zeroed. i took my time to calm down for a week, to get rid of the Gambler's Revenge psychology, and learn to strategise my trades. i gotta say those time spent resting from FX and just learn about it really opened my eyes regarding this industry
i have a question.i haven't jump to trade, but i have already open an account, how do i look for company to trade? where should i look for them? thanks.
George Peterson after I got Mr hovik Morte handling my trades, my trade began to do the right direction and watch my profits grow, trust me you wouldn't want to lose this chance to make this right ,reach out to... Hovikmorte (a) g ma il. com...for help and thank me later
Have seen appraisal from different individuals from Hovikmorte expertise, will try reaching out since I have been taking losses lately ..thanks for referral🙏
Recently started trading and I've realized the importance of trading psychology...even with a great strategy without the right psychology you probably will not get anywhere
Hello, thank you for sharing your thoughts, but I want to know when you have tested your strategy on historical data, how successful was it, and how many deals were tested
Hi nick just encountered your channel and I appreciate what you do. Im currently in the process of learning about forex my problem is that I work full time 9am - 6pm south African time Cat when will it be perfect for me to analyze and execute trades that won't interfere with my working hours? I don't want to fall Into the temptation of signal providers and I have made use of EA ended up blowing my accounts
Hi Nick, thanks for the content, I feel like I'm learning a lot from your work as a beginner. I have a question about your definition of Market Volatility; surely market volatility and trend momentum work against one another, so how are you using these two market conditions to justify your trade? I'm obviously misunderstanding these terms, any help would be appreciated.
Wow, I'm also a beneficiary of alysia trade service, she helped me put my life back in track with her account management prowess, and helped me earn money through trading in stock options , some commodity markets, and crypto fx, she is really a genius
Hey Nick Thank you a million for sharing bro :) Im trying to work out trade copier is there any way you could make a video on how set up trade copier ? Id love to trade off of 12 accounts
This is a great detailed plan. I should flesh out my own plan. If you're really that aggressive with this strategy, and still maintain the 1~ 5% risk , how do you deal with the issue of correlation ? Does the 'only in 2 trades at a time rule ' deal adequately with this? Also, you have an extensive background in trading. What happens when you sustain an extended string of losses? I take walks and take long naps , but I find this profession quite lonesome and sometimes I just want to talk to someone who understands this line of business without me having to explain yet again that this is not really gambling. You didn't mention it , but I assume this is just one of your various types of strategies . Do you have separate accounts with different brokers for each strategy or is it all handled by one broker? I'm trying to decide if it's better to run 5 different accounts (each with a different strategy ) with the same broker or with 5 different brokers. Thanks for sharing . You inspire all of us with your detailed and down-to-earth videos.
Thanks for your detailed comment! Yes, trading can be very lonesome and is exactly why I started my company and service for traders in the VIP team. This is indeed just one of my concepts/strategies, yes. And I trade with 1 well regulated broker. My broker recommendations are here: tradernickfx.com/preferred-brokers/
Hi Nick, I really want to do this but I don't have anybody around who does Forex and I really want learn and start trading but I don't want to go into what I don't have a working knowledge about so that's why I've not started, please can you teach me? I'm willing to learn. I'm currently in China.
Thanks Nick. I will try it out and compare between this and Carl Richardson's which one gives more profit because with Carl's I make about five times whatever I invest and am sure not to loss all if prices drop.
thanks alot for this,i might say i have gotten my psychy down but,i will be kidding myself,so from this above video i will try and condition myself to sticking to my plan,thanks alot
hello nick .... i am from Bangladesh ... i am a new trader ... i have a question .. i've heard many one that indicator made by broker for that it doesn't work properly and one shouldn't use indicator for successfull trading ... if you have any suggestion , please write .. thanks ..
I actually can't believe a system based on breakouts can make a profitable account, nowadays there are so much fakeouts, more than 50% in my opinion, can you send us some results ? like EA on myfx or something else ? thanks you man
Hello friend do not look far,I also was new to online trading, I just started making profits 6months ago, through some trading strategy and sublime signal indicators, now I also do stocks and options trading, all through the help of Alice a broker from New York city
Ok so here it goes...This is a BOMB ASS Video...This is exactly what I've been missing within my young trading career. I have since taken your whole trade plan as my own with personal modification not to the rules but to my trade entries Modifying your rules of entries and Price action with my own..with maybe 1 other indicator as well the 50 EMA...I want to say this is the 360 I needed as I will use your Rules to Bridge the Gap in Mine...As you say, " I will STICK TO MY PLAN!!!" and I'm sticking to yours..The only things I don't understand much on and if you could possibly point me in the right video or make one touching on this topic is the DD portion of your trade plan...What I mean by this is how are you using 50% DD with a Tight SL. Do you take this into account when you use 5% of your account when you place a trade and use that to determine DD for your Max SL? If I'm sounding confusing that's why I'm asking for a Video touch on this Concept you explain as DD...(BTW I know what DD is I'm just not sure how you apply to your trades or the concept in which you use it for)
Thank you for sharing, Just realized my trading plan was all over the place and yours just helped me to do a bit of a nip and tuck with regards to my strategy as a beginner. I am looking to start end of April still on Demo and I still have a few concepts to go through. Thanks again!
