The Forex Trading Strategy For Idiots

[@NickShawnFX]

how many times do i cough from my tourettes syndrome in this video?

[@JpJansevanRensburg-o6v]

I make money in a funny way and never lose I trade till price goes against me to far then if I see my account is low I hege at the en just enough to keep me in the trade and it will stop my account from running out and when price comes back I closed the hege but I must hege before my account is at its last 20 PR then I always stay safe please tell me what you think

[@JpJansevanRensburg-o6v]

And I only started like 4 months ago Soo what I mean by I make money I mean I haven't los in my 3 trades yet 😂 I'm saving to trade with more

[@NickShawnFX]

it works, sure, but it's not really any different from closing the original trade at a loss instead of hedging - you take the loss either in the open terminal with hedging or the closed terminal with closing the trade at a loss either way works

[@gcardenasa19]

As many times as WE need to buddy ❤. You should say you're just some bald guy with tourettes yelling at us 😊

[@larsandersen5505]

Stupid Question here. I deposit $1000 and let’s say the average leverage is 100. If everything goes against me and all leverage is in use. Isn’t it possible to end up with a balance that is HUGE more negative than zero? E.g. like negative $ 100.000 and the broker wants me to pay?

[@Troy-qe3yv]

Hey Nick - loving the videos - have gone from "death by a thousand cuts" to profitability quickly adopting this approach. If you are looking for ideas for a video perhaps something on managing margin in drawdown so we can enter multiple pairs with confidence?

[@infinitel00p94]

I second that. a video about account size and separating it out into different pairs. There is still confusion about it

[@Coted1988]

Personally I trade the "wagyu beef liquidity grab" style and have found success with something that makes sense to me... Even tho I don't trade what nick teaches I love listening to this dudes videos.

[@Mark-pd3sn]

Can you tell us about how you are getting out in your live account ? In TV its merging the entry prices of all positions, but in MT every single trade stands alone. I assume when you have added up a lot, you close the farest trade in loss when their average is in profit, right ? So it is calculating P/L + Swaps ? Thanks for your work

[@keithcao73]

Just watched your video discussing XAI85S and I am very excited about this

[@infinitel00p94]

Nick PLEASE do a video about how you partition a 2k account, how many trades do you use with this? Do you use 2k per currency as a seperate account or do you spread the 2k over multiple pairs. I think if you do a video on this specific topic many people will be happy. Cheers bro

[@bieberguinevere]

Bought XAI85S after watching your video, super excited! 💰

[@funny_shortt_maker]

When the world knows this, we already x50 🚀

[@SumitKumar-pk3bw]

this is a life changing project

[@Piyushkumar-o8f9x]

XAI is still extremely undervalued

[@SABUJGAMING5]

I am counting on XAI. It will be on the TOP 5

[@_Eanjle__dream_22]

Coinbase, OKX and Binance will list XAI very soon. We do not have much time left

[@iamjustaman]

Started a demo account with this strategy. 0.01 entry on 5 pairs. Already up £20 in 2 days . Now in 10 pairs. see, what happens . Margin not a problem at moment as the ones in positive helping keep the losses balanced. Hopefully i can start my own channel. But will give all credit to Nick

[@tonywilliams1406]

I've been following you for a couple of years now. Great stuff... thank you! I've noticed, though, that your approach has evolved from hedging to adding to winning trades and now to a pseudo-type DCA. All of them are unique and can have good results, but do you simply just like this one the best??

[@NickShawnFX]

yeah, DCA is the easiest and requires the least amount of mental gymnastics - let alone with it being the easiest to teach. more MFX clients have gotten results with this than any other model for trading, so it's better for everyone

[@perrylindo]

So how many trades at a time do you keep open maximum?? Or rather, what’s the maximum margin/ risk exposure you allow on your account? Or is it just gunz blazing? ( which is also fine) Grrrrreat video

[@shaneking6019]

Awesome Nick thank you 🙏 Wagyu beef strategy 🤣 luv it

[@springyard81]

hi nick, please make one video on your strategy on gold pair especially recently thank you

[@Michigandy]

Really enjoy your videos and approach. It has really changed my mindset in trading. This is the first time in a year and a half of learning that I am consistently profitable on a demo account. Still gaining experience before trading live funds. I know you mention this in your videos but I think it might be helpful to point out to everyone the patience that is required in drawdown. I am getting better at being patience, but it can still mess with your head being in drawdown for days or weeks. My trades always end up in profit or break even, but it takes getting used to. Thank you for making trading simple and changing my psychology towards trading!

[@beninessex9093]

Hi Nick another great video ! This works, I've back tested it hundreds of times. Random question , do you know how to delete those buy and sell labels on trading view replay ?I cant get rid of them without starting again.

[@NickShawnFX]

awesome. yeah, works great. i'm not sure whether or not you can remove them

[@alexsmadhouse]

when do you usually withdraw? after 50k profit ?

[@officialneoqor]

Been loving the DCA stuff you've been sharing recently. About a week ago I started testing this approach on a small demo account for shits and giggles and this past week was able to grow the account roughly 8% trading about 8 major pairs on the 1hr with little to no analysis and no indicators (ive been staring at charts for over 2 yrs now so probably some intuition played into my decisions) Had a few recovery trades with some relatively gnarly drawdown along the way but still ended the week in profit. Funny thing is I used to avoid swing trading bc I thought it would be too slow and boring for me but ngl shit's fun haha. Also much less demanding & stressful than short TF intraday (which is what I'm used to) especially while trying to balance this with a full-time job. Def wanna keep playing with this and see how it plays out over a longer period of time.

[@NickShawnFX]

yeah keep going man, over time you'll likely get better at deciding what the best options are to enter and manage dca/recovery trades. experience goes a long way

[@officialneoqor]

​@@NickShawnFX For sure man I appreciate you 👊

[@jackslayer5621]

I like having mechanical elements in my system and not leaving all the decision making in my hands, because with futures day trading (something you said you haven’t ever done) shit can get really emotional really quick iykwim, especially if you’re just relying on your own decision making without anything predefined or without any tool to help you in your decision making.

[@redx125k]

I completely agree, though I have been trading crypto and options.

[@NickShawnFX]

if you could tell us what your "mechanical elements" are, i could tell you whether or not they are actually mechanical, or still subjective mechanical would be "i'm risking $100 per trade" subjective would be "i'm only buying at weekly support levels"

[@benza8946]

Nick, how is current account going ? It was 220/240k but it's still sitting in drawdown at around 180k after a lot of time I see

[@iamjustaman]

Thanks for making another video . Really helps me keep focused.

[@NickShawnFX]

more to come, my friend

[@okkrom]

Meanwhile USDCAD is starting a new leg up. A lot of people are going to blow their savings on this.

[@raytekman]

Yeah he is a total fraud just earing of peoples subscriptions

[@jellis333j7]

I can’t believe this analysis of just feeling I can go short because I’m in the mood to short . Yeah lots of people blow their account flowing this type of advice

[@foryou1324]

The account should be 2-3% of your savings This is not a method to put your whole 100% into, that's something i learned from one of his older videos

[@santhoshkumar-jl7eg]

looks like everyone is trapped in USDCAD

[@BlackwaveFX]

Nice one Nick. That’s been my trading strategy for years. I use swing trading timeframes so you don’t want to add too soon. Also major and minor forex pairs only. Max two pairs at only one time. Max ten positions for each pair. I use overbought and oversold to go counter-trend. 0.01 lots per €1700 Partial hedging too which you don’t bother with which is fine.

[@wiebe95]

Hey hope you want to share, did you blow an account using 0.01 lots per 1700 dollars, and if so how many accounts did you blow vs the amount of times your doubled those or do you have an other way to take profit? Thanks in advance

[@BlackwaveFX]

Blew one. $600K on GBPCHF around the Liz Truss budget in October 2022. The account was seven years old at that point. That said I withdrew a lot. Bought property and stocks. That’s why I began to formally add some hedging.

[@Jety-cx7pg]

@@BlackwaveFX Just out of curiosity, was it the big move that took place from june to around september, october or was it afterwards?

[@hamoonhemmati4266]

thanks for sharing your experience. just a quick question, you said max 10 positions, what will you do if after 10 positions the price still goes against you? just waiting to reach back to your entries or do you trail your TP into negatives until it hits?

[@BlackwaveFX]

@ it was the drop that occurred on the Sunday night after the mini-budget on September 23rd actually. I was long 12 positions of GBPCHF. Don’t recall the DD going into the weekend but on Sunday night the drop was significant. The difference between the high low that week was about 900 pips. SO, after that the maximum number of positions dropped from 12 to 10 and the position must be 20% hedged if I get to ten positions. Furthermore the remainder of the position gets hedged at a 25%DD. This would have saved the GBPCHF position which would have been back to breakeven within a week or two (if I recall).

[@alexsmadhouse]

50 canadian dollars over 1 month ? or is numbers diffrent ?

[@MyKkata]

Interesting approach - thanks for sharing... question - when do you decide to close all positions and take your losses ? Or do you just blow the accounts?

[@NickShawnFX]

i just blow the account. if the positions are sized appropriately, the worst thing a trader can do with DCA is close positions at loss - because the more they go against you, the more likely it is that price will reverse so i just trust the stats and let the metrics/probabilities play out

[@Chris-fb1is]

Hello, I'm interested in learning your trading style. Where can I view your brokerage statements?

[@WardCatoggio]

Thanks for the breakdown! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?

[@mcbert22]

Most of the Pros will think this is a complete idiot approach. But it does work most of the time provided minimal lot sizing being the main factor, as Nick's said. Helps me a lot in avoiding blowing my account when Im in the wrong direction. Just don't be greedy when its green or break-even, get out and re-joint.

[@NickShawnFX]

yup, the dose makes the poison = the sizing makes the profitability

[@ruanvandyk5481]

Nick just a suggestion..😀Why not enter your initial trade on a pair either way but with an opposite hedge trade.That way on your first add to the drawdown trade you book a profit on the hedge trade?

[@gcardenasa19]

I had an idea similar to this. Trade the same style in both directions at the same time. This can be a headache for any human..but worth the study. May it blow the account faster??

[@ruanvandyk5481]

@ Only on first entry after first tp dca on losing trade

[@pizdarijaable]

@@ruanvandyk5481 i think that's not a good idea... mostly u'll trade a pair that is in some way "overextended" in one way.. so if you sell and buy at the same time and it goes in a way you predicted you just tp and out... but if you have another position in already extended market u'll have even bigger drawdown and more chances to blow account. In some cases ofc you'll benefit. But in 50% trades it'll just be a bigger drawdown. But Nick knows better so he might say something about it and answer your question.

[@pizdarijaable]

@@ruanvandyk5481 maybe this kind of approach can work in a market that is not overextended and is in the middle of range if that makes sense..

[@useryoutube6076]

What happened to your USDCAD TRADE?

[@okkrom]

its in 25k+ drawdown in theory.

[@NickShawnFX]

no, it's in -30k drawdown rn

[@arturgutej9446]

I f..... like You M8 and your system strategy really works it f..... works THX

[@andrewthompson530]

Hi Nick, been watching a lot of your videos lately wand was wondering, do you still trade Mean Reversion?

[@jozefien1702]

Look at USDCAD and he is in a sell so that will answer your question XD

[@NickShawnFX]

like jose said, look at UC and NU that i've share publicly in telegram and you will find out real quick what kind of trader i am complete degen

[@CEREVITY]

I love your channel bro. Out of everyone, you are the most humble in the forex space

[@Twitching0991]

I don't mind watching videos with the same ideas. Because we get better as we go at it again and again.

[@jrowenjr]

Great video! This concept has really helped me - thanks!

[@D499-d3z]

ive been trading with pure intuition for a while now but never thought of averaging in on trades, will def try this on demo

[@smetljesm2276]

That is great showing. I just blew one demo account while testing it out on some degen lot sizes. But not before doubling it. 🤣 I also didn't set fixed lot and used 2% initial risk 😎

[@wyattthacker3679]

At this point Nick and Bonnie are going to have 3 children, with each of their names starring with D, C, and A.

[@elprofeta110]

Great video! My greatest happiness is investing in some many digital currencies. Retirement took a toll on my finances, but with my involvement in the digital market.$67k weekly has been life changing. Regardless of how bad it gets on the economy..

[@marcosvg90]

Hello please how do you make such weekly?? Please I really need assistance I feel so down of myself because of low finance…

[@elprofeta110]

@@marcosvg90Maria Angelina Alexander I really appreciate her efforts and transparency.

[@elprofeta110]

This lady has saved so many families financially. I remember when I met her at the bank, she was indeed a good woman..

[@elprofeta110]

After I raised up to 660k trading with her l no longer pay rent, I own two apartments, a car and a big farm land here in the state. Myself and my family we are extremely happy🙏❤

[@elprofeta110]

I remember giving her my first savings $20000 and she opened a brokerage account for me it turned out to be the best thing that ever happened to me…

[@smetljesm2276]

This is the first time i actually see you don't use take profit that is different/separate for newly added positions but use the same zone initially and you move/use single tp for all trades 😜

[@Pulmol7]

Hey guys, i´m trying this strategy now and wonder how to set an Take Profit to all Position at once without Calculate everything on my own. i see it in this video, somehow it is possible. how to do that? or ist der an mt5 EA or something than can help me to calculate the take profit for multiple orders on the same pair to an profit point in USD

[@ZeroFloat.]

beware, Nick is trading forex, forex is ultra rotational aka mean reversion, use not dollar cost averaging on Gold, Indexes, Crude or those which can trend a long period. He basically adding until his account is blowed off, can you do it? If not, don't trade like him.

[@btoss1]

I'm confused, if I have $2k to trade in my account, do I use that for just one currency pair or can I trade multiple currencies with the $2k?

[@armedndegen]

U can trade all pairs, but eyes on margin

[@ForexStoryteller]

Guessing makes money, trying to be right loses, all the time, but nobody will believe that 🤷🏻‍♂️ 😂

[@batterybloke333]

Hey man, just freaking Love your video's, long time follower, been practising on 2 demo accounts, so far up around 20% on both in 2 weeks, the start of this week tho is testing the nerve's But all good so far. Thank you so much

[@NickShawnFX]

no prob, happy you're making progress

[@DandillionJeff]

I love your background! 🤩🤩🤩

[@DiscoPlanets]

So how much u betting for trade with 2000k account ?and are u using some leverage for every trade ?

[@rdtradecraft]

I'll have you know, it's HOT pizza in my basement, pal, and don't you forget it.

[@deepfiix]

I love this guys teachings, he is the only one giving no BS and just being real. Also, where my Tourettes gang at!!! We here bro!

[@NickShawnFX]

thanks for that bro. sometimes its hard making videos with my TS, all the tics sometimes make it nearly impossible to record, but i still do my best. appreciate you, #tsgang

[@toilarhd4581]

If you have $1000 in your account and you trade multiple currency pairs with this strategy-for example, you enter a trade on one pair and at the same time enter trades on four more pairs. Does the total $1000 act as a general sum from which you draw for each trade, or do you allocate 25% of the $1000 to each currency pair? How does this work? Please explain

[@brendonking5489]

You buy when you thinkits gonna go up and you sell when you think its gonna go down. Nick suggests using a 0.01 lot size per $2000 in the account. Trade no more than 5 pairs at a time.

[@toilarhd4581]

@ I understand everything. But when trading with 5 currency pairs, do you split the $2000 evenly across these five pairs, or do you take from the general budget and trade freely?”

[@NickShawnFX]

for one, i would not do this with 1k. i would start with a minimum of 2k in the account. with a 2k deposit, here is all you need to know. trade every opportunity you want, using a 0.01 lot size. if you have leverage 1:50 or lower, don't be in more than 5 opportunities at once. if your leverage is 1:500 or similar, feel free trade every single opportunity at once. experiment with this on demo for 6-12 months, experience will teach you the rest, and experience will answer most of your questions

[@germanespinoza1565]

But do you need 2k for each pair?

[@frankyy5091]

Nick, I have a problem. I try to you dca/overextended trading But I still blast my 2000 dollar account. First entry is 1/200 of my account. Am I missing something? Since I dont double it more than I lose my account.

[@batterybloke333]

Hey mate, for that account size, Nick says .01 lot size, if so next thing I would do is look at increasing the number of pips retrace before entering another recovery trade. I'm playing around with about 50 to 100 pips on a 1 hour chart. So far loving his way. Hope you don't mind Nick

[@bigbeurs]

Nick. Question. Do you tell your trades upfront in you discord or channel?

[@NickShawnFX]

i share the analysis for free in the telegram channel, and then call my trades out live in the MFXNT discord

[@bigbeurs]

@NickShawnFX ok so when I join the discord I get the trades ideas or signals whatever you want to call it upfront?

[@NickShawnFX]

i don't know what you mean by "upfront" MFX Nicks Trades is a discord read-only broadcast server where i post, live, every forex trade i take on my main trading account, the moment i take the trade. and of course the DCA trades i add, the management of trades, the closures, everything. it's all done live www.missionfxtrading.com/nickstrades

[@bigbeurs]

@@NickShawnFX before you put the trade in your first say wich direction you will trade?

[@zentox6396]

What timeframe is the 5k demo account on?

[@syproductions456]

Accepting the reality that we're idiots is certainly one of the most important parts of learning how to trade. Once you accept you're an idiot that cannot predict the market, you can then work on building a system (like this one) which is idiot proof, that could work despite all our fallacies as human beings. How can we make a system that prepares for the worst possible outcome? That's when you might be successful at trading.

[@Final00Exit]

Does this strategy work with smaller timeframes? (eg. 5-15 mins.)

[@nunomuacho446]

I'm using the random number thing, it gets things right better than my own decisions lol. Just to show how wrong I am all the time. How about that BTC??!!

[@OttoNomicus]

Sure, you might come out ahead by 1 unit 100 times but then you'll go behind by at least 100 units once. Is a 99% win rate that impressive when you consider that? That's how all martingales work, small wins a bunch of times and then a big loss one time. The problem is that they might not happen in that order, it could be the one big loss the very first time you do it. What happens when it's two or more big losses in close succession? Now you're going to start sweating because it will take a long time to dig out of that, if ever. I find it very doubtful that the horrendous spreads and overnight fees in forex could be beaten by a martingale system, it's not mathematically sound. It's roughly equivalent to martingaling American roulette, there's a huge house edge against you and it's just a matter of time until it grinds you down, though you could get lucky for a while at first.

[@Fitteria_Official]

have you done a video before on main reasons why people usually fail with this strategy?

[@guap0035]

He should do that instead of making the same video over and over again 😂

[@jozefien1702]

patience

[@shahrilamirul4007]

Why people fail using this strategy? I can think of 2 things. First, not adjustingg the tp to breakeven (greed). Second, degenerate lots

[@NickShawnFX]

open a 2k demo account and using 1.0 standard lots per entry and you will find out real quick why people usually fair with this strategy this is a great video idea though, thank you

[@NickShawnFX]

yeah fair enough

[@efrainromero3959]

Have you tried the opposite? Inverse Martingale? Adding in to profit trades until you double up?😉

[@NickShawnFX]

yeah. it works sometimes, as does everything. the biggest downside is deciding when to exit when price starts reversing against you. makes it way harder because your average price is so bad when adding to wins

[@AtzemitGlatze666]

do u use 500 leverage or 1:100?

[@BboyKozijn]

hows the USD/CAD trade lookin bro? cuz my portfolio looks like shit from it :(

[@NickShawnFX]

-$30,000 right now on my 200k account. 15% drawdown. just added this morning she's been "fun"

[@successpsychic]

do you still put in a stop loss with this strategy?

[@deflick00]

Hey Nick! How does this fare against BTC and crypto in general?

[@guap0035]

Probably not very well this dca strategy is for ranging markets that bounce up and down like forex, most crypto pairs tend to shoot one direction

[@ariestan5107]

Hi nick, in your demo, the lot size is different, do you add the lot size everytime, and I see a sell an buy at the same time..

[@28sagarpawar]

Hey Nick. You have shared an Interesting concept. Do you allow copy trading from your account. Pls share your ID and Investor password. Just a suggestion. It could help us a lot.

[@Typicallytrade]

What about daytrading? :) could you go with video trying to daytrade it ;)?

[@NickShawnFX]

daytrading just means opening and closing the positions on the same day. if thats what you want to do, then test this on the 1 minute time frame, lol

[@carlyboy888bradford3]

Many would agree I’m fully qualified for this method

[@alex_godders]

This means constantly having to manage inventory which is onerous.

[@ladex142online]

Nice Beard!

[@Howardjensen1]

For the Newbie if you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's sad truth. I remember when i just got into crypto back in 2019 but later in 2020 i ended up selling it because i have lost alot trading all by myself without a guide. Got back into crypto early in 2023 with $100k and I'm up with $732k in a short period of time. Thanks to Seren Wintersun.

[@Howardjensen1]

SHE IS ON TELE GRAM.

[@Howardjensen1]

@Serenwintersun

[@Mikeygrady]

Always backup your trading with a good strategy.

[@seandavis8930]

Nice, I was just hoding before I found Wintersun. In my opinion she is the very best out there.

[@79AdventureBaby]

The same high-yield potential exists in both bullish and bearish situations; what matters is how information and technique are used. Not neglecting professional advice.

[@Mkvy]

its working well!!! i use the random gen with a take profit of 30pips (due to my small account size). The trick is when the trade goes against me i use all my knowledge and experience to pick the right area to dca in. normally larger timeframe channels. Thats the edge :)

[@NickShawnFX]

experience is the catalyst to profitability

[@michaelkaastrup5429]

Great video mate. Thanks

[@lookweihan199]

Nick, how many currency pairs do you normally trade at the same times? Thanks ❤

[@Jan-ChristianErfort]

depends on leverage and position size

[@lookweihan199]

@@Jan-ChristianErfort ok thanks

[@lookweihan199]

​@@Jan-ChristianErforthow about you? Do you have any recommendation about the maximum number of currency pairs can be traded at the same time? As too trading too much currency pairs at the same times can affect the DCA effectiveness

[@Jan-ChristianErfort]

@@lookweihan199 on regulated broker you will have about a 30:1 leverage. Positions size would be 0.01 so thats 1000 units. 1000 units divided by 30 is 33.33 per trade required for margin. 1000 dollars to start with divided by 33.33 gives you about 30 trades to place. You just have to make sure, you are not trading all pairs and not too many. And if you are in 30 trades you basically have no room for drawdown. That means: start with a bigger account size or bigger leverage

[@alexisgraff2049]

Can i use a 200 dollars account with 0.01 on 1day chart?

[@1312Mork2]

COUGHING MY WAY INTO PROFITS

[@ogabner]

I been 7 years in forex and still not profitable Enough to leave my job, could you help me ?

[@okkrom]

Are you profitable at all? If so, scale up your trading account.

[@veganpizza683]

From the title I knew this video was for me... Currently a week and a half in

[@brownsvillebr7164]

If we put an invalidation zone or we decide to close everything after the 3th or 4th DCA trade which still looks more likely to go in drawdown wouldn't this prevent us from blowing the account and after a loss work our way up?

[@thePoliticalCat0]

Would you consider withdrawing profits after making 10% and repeating the process instead of waiting to make 100% profits on the account?

[@Jan-ChristianErfort]

you'll most likely double the account 90% of the time. So why taking 10% makes no sense

[@buraktezcan6976]

Excellent info nice to listen/watch while trading :)

[@Jan-ChristianErfort]

somtimes if backtest this kind of strategy (1h), I end up closing 4-6 trades in profit in a periode of almost 4-6 months. Is this realistic???

[@Jan-ChristianErfort]

@cjmit26 what do you mean

[@PucciMark]

do you close the position until the price hits your 1st trade?

[@Jan-ChristianErfort]

@@PucciMark what you mean explain..

[@athol32]

Nick what leverage you would use in 2k account using 0.01? 100-500?

[@thefxautopilot]

It doesn't matter. Your risk is the same. A 0.01 trade is 0.01 whether your leverage is 1:10 or 1:1000

[@raiyankhan8255]

Use as much leverage as possible like 500X is good to reduce margin per trade and reduce chance of margin call

[@NickShawnFX]

whatever you have available. i only get 1:50 or less, so i can be in a few opportunities at once, but not very many. if you can get 1:500 leverage, then you could literally trade every single currency pair at the same time on a 2k account with 0.01 lots for each initial entry, and not run out of margin. i know this because i started the 5k demo account 2 weeks ago and just enter trades on every single FX major and minor pair at the same time to test it - and so far the account has grown $1,300 in close profit with a current open drawdown of -$500 let's see where it goes.

[@athol32]

@@NickShawnFX Intresting info thanks guys, i have one more question lets assume that i am in drawdown with 4 same size positions open and i want to get out of that trade at break even, i am using MT5, how do i know where i put take profit? In Trading view we see 1 average position instead of 10 open.

[@forexbascketmilionaire3477]

I have the similar concept and the best thing I dont use stop loss. I am idiot too😁

[@akshatrastogi9063]

This guy is best. Makes those KZbinrs drawing 1000 lines on chart look like a fool 😅. And in reality, that's what trading is, no one knows what will happen atleast the retail with the data they have, so why not just say we are gambling when we are gambling rather than pretend "oh we are smart and can predict the markets" with lines drawn on chart.

[@NickShawnFX]

spoken like a true, eloquent scholar

[@Hkk213]

i will try this with a funded account with 1 step

[@znavyx4823]

Can someone plz give me like every single good forex pair I should use

[@SuperPippo87]

The random number generator is my favourite forex trader

[@NickShawnFX]

the rng trades better than me

[@johnsonnilsa]

My investment portfolios are Bitcoin, ETH and XAI85S

[@mohinisadie]

Thanks for sharing XAI85S and SUI. 💯

[@hughesdhsi]

Thanks for the advice! Got XAI85S, feeling bullish! 🚀

[@thapelomabotse5904]

😂😂😂😂 no Wagyu Beef 😂😂😂😂

[@mordernman]

Video just come to my feed without even searching 😂😂

[@Sksarifbadsha]

Congratulations brother you are one of us 😂😂😂😂😂

[@Ct-o7o]

Nick, where is Ruby?

[@easyfixfx1392]

Your coughing is hilarious. I also DCA but more on the slower range bound pairs for easier recovery. Doubled my account 5 times on average before blowing it, blowing normally only happens if you over leverage a bit.

[@NickShawnFX]

5 times before a blown account is great, i blow 1 out of every 3 to 4 accounts

[@stutaylor2584]

By the powers of Grey Skull! I have the power!!!

[@shanehardy2862]

You forgot the wagu beef strategy

[@shanehardy2862]

@ no thanks

[@MarketsOptions]

У страха глаза большие, у жадности глаза слепые 😂

[@nabulic]

it can works on a prop firm challenge?

[@ce8539]

They don't let you hold overnight usually, so no. Unless you use the 1-15min time frame, and I'm honestly not sure if it works in those situations. Worth testing. If you get caught DCAing wrong direction on a trend day you won't be able to turn it around into profit by days end, also some prop firms have rules about DCA

[@okkrom]

If you are lucky yes. FTMO has a swing trade account at 1:30 leverage. But if you enter drawdown your account is toast. And swap fees will kill you.

[@malcolmpetersen9460]

Thanks Shawn

[@malcolmpetersen9460]

Sorry...thanks Nick 😁

[@lamrogelyn]

XAI85S is still extremely undervalued