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@_jlb_5253 Жыл бұрын
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?
@oKrytex2 жыл бұрын
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!
@glenrichzuso9076 Жыл бұрын
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 !!!
@mikescarborough9196 Жыл бұрын
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.
@AyodejiRaph.2 жыл бұрын
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😂😂❤️
@4k_smile2 жыл бұрын
😂😂
@DannydAnthony4 Жыл бұрын
That was slick
@digeraticlub1 Жыл бұрын
Easy to.follow and to the point keep on keeping it simple good work.
@chizofx Жыл бұрын
😂
@tyglover58504 ай бұрын
Aye I can't lie it was cleannnn!!!
@galvingibran59403 ай бұрын
I started 3 month ago with USD 5K and blown away. Nowbthinking to start with small, thanks with this video.
@Rinkydink73274 Жыл бұрын
Probably the best video I've ever seen about the realistic truth about trading..Well done.
@freedomtrucker23322 жыл бұрын
Good down to earth advice all the way through ..thanks ..and good luck to all of the traders just starting out ..👍☕️😎
@omegabueno Жыл бұрын
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.
@chocotv357321 күн бұрын
That's very true. It happened to me during the last pandemic my account burned out bc my capital was almost all in of too much excitement.
@Sullivynn2 жыл бұрын
So, how do you make a living/career trading if withdrawing isn't an option?
@manic76952 жыл бұрын
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.
@heybear72712 жыл бұрын
You are the only person i trust in forex Nick :) Thanks for being so honest !
@TraderNick2 жыл бұрын
Happy to help. We keep it real here!
@ezrasitali7575 Жыл бұрын
Thanks for the honesty, Nick. Really appreciate it!
@richardcabalquinto53072 жыл бұрын
Wooow, this is what i am looking for! Thank you for this video. It helps me really understand the market. Nice content brother
@VinylLondon Жыл бұрын
Thanks for your honesty. Just realised the size of account needed
@generationalfxwealth18442 жыл бұрын
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
@Kilo80Kilo2 жыл бұрын
Thank you for your time and effort.
@Ramiromasters2 жыл бұрын
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.
@simpiwemaqwara21842 жыл бұрын
You're an honest mentor Nick,I gain a lot from you 🙏🙏🙏❤️
@darioc.11962 жыл бұрын
This is a great video, congratz!
@Worldhistory2122 жыл бұрын
this is amazing mate, thank you
@TraderNick2 жыл бұрын
No problem 👍
@ethan0042 жыл бұрын
To be honest I find trading boring and fun at the same time, boring when I am not making wins but fun when I am on a winning streak.
@SGTGUILD2 жыл бұрын
Amazing video with pure facts. Thanks Nick
@savesome Жыл бұрын
I'm so much greatful watching your contents here.
@varislizbovskis13 күн бұрын
I'm in process of growing 1000$ since start of november. So far I have made 5%, or 50$ in 1,5 month. My approach is to trade with 0.01 lots til I gain 10% of initical 1000$. Then I will increse lotsize to 0.02 and gain 200$, then 0.03 lots and gain 300$. So basecily my approach is to increse 0.01 lots for each 100$ I make. It's a slow process but this makes me patient, risk is low but at same time the heat will go up slowly and steady.
@mtra.der.veler242 жыл бұрын
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.
@Mandobanks2 жыл бұрын
You keep your money in a brokerage because you can take loan on your portfolio as collateral and use them to live tax free
@sayori19892 ай бұрын
Risking small is the true secret. I’ve blown up a few accounts until I started risking only 1%, 2% if the trade looks extra promising. 10 losing trades won’t hurt too much, and if I win 2-3 of those at a modest 1:3 if I move stoploss to break even early. If I catch a really strong trend I make money
@CryptoAshknАй бұрын
2% is high tho. 10x2 is 20% DD which isn't easy. But if the account is small enough that u dont care that much. It's ok imo. That's what I'm gonna do with my new broker. Because depositing all the capital and barely using it isn't good for me. 50% of the capital maybe and risk more
@timhansen18912 жыл бұрын
while i was watching this the video was interrupted with an ad for a simple solution that has made over 3,000% for one trader. haha.
@damianu65142 жыл бұрын
Started out recently with only 10 dollars, going to scale up to 100 $ and learn along the way
@mouradama71292 жыл бұрын
How much did you risk per a trade?
@damianu65142 жыл бұрын
@@mouradama7129 0.01
@mouradama71292 жыл бұрын
@@damianu6514 and how many pips you put your SL ?
@damianu65142 жыл бұрын
@@mouradama7129 just keep it tight, it's only 10 dollars
@mouradama71292 жыл бұрын
@@damianu6514 okay thanks man
@gregmorgan29172 жыл бұрын
Good video thank you Nick.
@alikazwini76932 жыл бұрын
Love you man !❤❤❤
@FXTRADERAJE2 жыл бұрын
This is what I'm looking for
@phillipmuriithi942 жыл бұрын
Probably the most realistic video out there. Thank you for this reality check!
@bentpaz2 жыл бұрын
This was pretty enlightening and helpful stuff
@shannongranno77653 ай бұрын
What off shore broker do you use on trading view? Is that a thing? I would like everything on trading view if that’s possible? Not sure just learning
@wellnesspathforme6236 Жыл бұрын
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!
@cutie-l7y2 жыл бұрын
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
@jeffreyng8953 Жыл бұрын
Technical handbook. Thanks
@sheenamcguinness7718 Жыл бұрын
broker link no longer good thank you for all your honesty its very helpful
@MAshfaqShaikh2 жыл бұрын
Very motivative 🎯
@RabianOfficial2 жыл бұрын
Thank you bro, I appreciate your opinions all the time.
@leandrogoethals6599 Жыл бұрын
Hey Nick, Do u have any automated bots that use your strategies since u said algo and what did u use to backtest? python?
@LuphumloMatrose Жыл бұрын
Hi Nick i would like to have the technical handbook as it will help me on my trading journey
@KiptooKurui2 жыл бұрын
Thank you Nick
@upcomingfx_Trader2 жыл бұрын
I have a question so I started trading for 3 years now in wanted to know Does compounding account overtime really works?
@shahnoor_prospersol2 жыл бұрын
Yes it does 💯
@IAM-oq1tx2 жыл бұрын
Give you more room for bigger profits
@davetrent62622 жыл бұрын
Of course, done properly it can't fail
@Darth_trillmatic2 жыл бұрын
Dude you’re the man
@TraderNick2 жыл бұрын
Thanks Jordan
@pedroteixeira17427 ай бұрын
better to just go for funded challenges if you are profitable and dont have money
@Kane-ib5sn Жыл бұрын
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...
@Kaneki-sn3bf2 жыл бұрын
When you talk about % or your account. Is this including the leverage or just pure account money?
@TraderNick2 жыл бұрын
Pure account balance
@LiLPAnCOoKie2 жыл бұрын
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.
@thesocialartsclub9095 Жыл бұрын
I've read a lot of stories of Forex brokers just refusing to pay out. Any videos on that?
@openrizal2 жыл бұрын
Thank you for free COT data from A1 Trades that recently launched.
@stn05053 ай бұрын
Why did my stopliss amount in dollars flutuate when prices move instead of remaining the same as per my stoploss
@Liam_g3212 жыл бұрын
Just saying, 100,000$ acc can be a 1000$ acc, using 100x leverage, and managing your position size with your 1000$ acc, so you dont get wrecked
@congtoannguyen1940 Жыл бұрын
I can not get the handbook through the link under the description, please help
@4lexanderMA2 жыл бұрын
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?
@manic76952 жыл бұрын
That's why Trading is not for everyone.
@atharvakunjir353710 ай бұрын
Can u make a video on how to get out of breakeven stage❓❓❓
@zygote54962 жыл бұрын
On 39 seconds can someone tell me what the background music is called
@christinensp7652 Жыл бұрын
Technical hand book. Tq
@youtubesnakeyes35952 жыл бұрын
what do you say about FTMO and prop firm generally expecting a 10% return in 1 month
@mohammeddawood36877 ай бұрын
Does anyone know how we can get the free tech analysis book please . In telegram we cant send messages
@digitalcashacademy1014 ай бұрын
Technical Handbook
@charmainejansen1718 Жыл бұрын
Technical analysis Handbook
@ryandnewell Жыл бұрын
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?
@timestrike52782 жыл бұрын
Thank you nick❤️
@atharvakunjir353710 ай бұрын
Technical hand book.
@JORDAN-yd7fi2 жыл бұрын
This is great I believe if I test this maybe this time I will have profitable trade🙏
@sisekomaci29302 жыл бұрын
Good one
@antonioarcano7989 Жыл бұрын
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.
@cheeweefoo45902 жыл бұрын
the only way to grow big in profits,is have a big account size like 100K, and trade min 1 lot size,2% risk..
@kathygarciac2 жыл бұрын
great video !!! i needed to hear this
@Willcasetech Жыл бұрын
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.
@osaigbokanjonathanoze-igie51676 ай бұрын
I need the Technical Handbook
@gibsonmabuza83075 ай бұрын
Tactical hand book
@valentineanumba72892 жыл бұрын
Technical handbook
@AB-dy5yt2 жыл бұрын
Appreciate watching most of your information but this one to many adverts. Very frustrating...
@shakirghazali2890 Жыл бұрын
Use acc managment service
@bunnavoun2 жыл бұрын
Thank you
@bronsondiamond20253 күн бұрын
dang $1000 USD is $1442 CAD right now xD. I'm glad I trade all my accounts in USD
@yahyahaidary98462 жыл бұрын
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
@sharonkamundi59082 жыл бұрын
Hello trader Nick....how does someone join your Vip trading channel?
@TraderNick2 жыл бұрын
Hey Sharon, you can join our community here: a1trading.com/vip/ , and if you use code YTVIP you'll get a subscriber discount :)
@-drikoidgaf-792 Жыл бұрын
Im new to this, and have a question. Is it really difficult to make 15% per year? Or thats "easy" if you work for it?
@TraderNick Жыл бұрын
Experience will tell you 15% per year is difficult. Social media will tell you otherwise.
@ijintraveler61402 жыл бұрын
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?
@KomboPhilip Жыл бұрын
Technical handbook
@faith_move_mountains8942 жыл бұрын
It’s not loading 🥺
@Swingtraderselite Жыл бұрын
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
@sayori19892 ай бұрын
That’s not gonna help you long term. You might get lucky early on and make some serious money, but sooner or later you will blow that account
@nathp1622 жыл бұрын
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
@phimratsurat30292 жыл бұрын
Thank you for sharing this I learned a lot from you And I did subscribe ❤️
@olalekanoyadiran2292 Жыл бұрын
Technical analysis please
@Kyle93812 жыл бұрын
How much money consider as small capital?
@TraderNick2 жыл бұрын
Less than 10k USD I would say
@Kyle93812 жыл бұрын
@@TraderNick what do you think, if I just only have 1k USD?
@LightBearerMedia Жыл бұрын
Technical hand book
@bayyareddy89942 жыл бұрын
Hii telegram account link not opening ...it is showing error
@cheeweefoo45902 жыл бұрын
not easy to make money in forex due to risk. i never waste time on a trading 90% for sue u loose money..dun make sense. and 20 years to too time consuming to grow your trading..i prefer working my way to grow my retirement fund. stocks, forex and other investment ,they are 90% for sure u will loose. money,only the big boys makes money..remember this is a true facts
@muhammadbaffa5276 Жыл бұрын
Is there hope for someone with a $10 account?🙂
@davidvesseur2 жыл бұрын
You didn't mention anything about prop firms
@TraderNick2 жыл бұрын
That's another topic to come! Prop firms come with their own potential, but also some steep requirements to get funded. Stay tuned for future vids
@davidvesseur2 жыл бұрын
@@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