TRADER REACTS: Watch as Forex Traders Blow Their Accounts!

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[@TraderNick]

Watch part 2, out now: kzbin.info/www/bejne/j4GZZpd4jrt9bbM

[@christianmarcsayco6991]

Please make a “try not to laugh challenge”, let us send videos to you about funny videos of people blowing their account. You must not laugh or else you give a reward for the person who sends the video. Maybe $10? or more 😂. I hope you read this and considers this, this is very entertaining @tradernick.

[@tumelo6339]

I am South african and some of those traders are South african. They like taking unnecessary risks, over leveraging and praying that the market goes their way.

[@naxiontv2325]

Lol more like 90% of the Vid is SA traders 🤣

[@jayunit1944]

That's true it's SA traders

[@N.Embassador]

Yeah they are South African 🤣🤣🤣🤣, like Forex broker killer 🤣🤣🤣🤣

[@samorka2330]

Every African trader I've seen risks their whole account 😂

[@neaven7017]

@@samorka2330 😂😂facts

[@MrPhuongDeE]

1. Don't over leveraging 2. Remember to set stoploss for your order.

[@mohammedmiah2594]

U don't Need a sl

[@wavhudingobeni5171]

true

[@km.]

@@mohammedmiah2594 ofc but its good to have one. You never know if unexcpected news happends or stuff in your personal life, then its nice to rely on the SL

[@amarhamidovic3762]

@@mohammedmiah2594 i didnt have stop loss, i woke up and see i lost 150 bucks hahah

[@khutsotaylor6460]

I never use stop loss. But Im a profitable trader

[@bountyhunter1153]

Calling these people traders is like calling someone with a calculator a mathematician

[@letlhogonolokolberg772]

😂😂😂True words

[@londonspade5896]

This is basically the equivalent of driving slowly past a car accident, you want to see how bad it is because you know it's not you

[@Rex_254]

When the accident was caused because both drivers were blind and both cars had no steering wheel or brakes.....i will gladly look to see how that went down lol

[@mightybullcapital]

Honestly saying my blood pressure went up, heart beating super fast just by watching this video. I need to remind myself that these are not my accounts that are getting blown like this

[@MsMayna-ih6uq]

Bro. Your anatomically committed to the video. Hahahahahahahaa

[@kingdavid6588]

Eish bro my heart skipped a bit watching the video

[@George-xt6pk]

😂😂😂😂😂 Now you know.

[@Opayin]

These people are strong men Like they can lose like thousands of dollar For me just 4 dollars on the line gives me the meat sweats and the heartbeats I can't imaging the day I'd open a forecast with 500 dollars Pretty sur my skeleton will vacate my body😂

[@Randomdudeyt1]

Lol I find it funny 😂

[@johnwayne4024]

Great, while I'm already stressed out at .07 lots. These guys place 10- 100 lots. These are legends.

[@sizwembokazi8725]

You can't pretend to be not laughing at the South African traders bro. They gave the best reactions.

[@mrfootball887]

Fr bro 😂 I'm South African but I don't take unnecessary risks like them

[@mrfootball887]

It's like I have to laugh because their reactions

[@allangweshe5522]

In South Africa they call it "Barcoding". It's when they place orders like a barcode tag

[@johnsoncollins3706]

😂😂😂😂😂😂

[@thusomukutu45]

🤣🤣🤣🤣we all have bad memories associated with barcoding🤣🤣🤣

[@viksra]

8:05 "I hope I don't blow my account here"

[@TP_Raks]

"Hope is not a strategy " - Trendy quote of the internet. (Very true)

[@leonardkabasa1902]

The XAUUSD guy got caught by a liquidity trap😂😂😂😂

[@foreverbluefx]

The problem about these people is that if the trade luckily goes their way, the next thing they do is to come online and start bragging about how they made such amount of money within some minutes. Calling it skill.😔

[@Captainnoworries]

Lol dude even with skill u still can lose money.. If they indeed made money, yes they made it brvh

[@Harkz0r]

Even if they do that. Then they will more than likely just roll their profits into the next trade until it all goes tits up. Can't win forever without risk management.

[@IDraw99]

​@@Captainnoworries it's about the long term. skilled traders lose money all the time but in the long term they make money because of actual skill, risk management and consistency. gamblers can make a lot of money but it's unsustainable and it usually takes multiple losses before a big flip. it's not a long term strategy and it's for when you have money to waste. hence why a lot of these flippers have to sell courses and signals because that's really the main way they consistently make a lot of money

[@omonyfrancisakena4908]

This is a First hand experience, every trader who blows their account actually does it after making some good earnings in his most previous trading. So whenever you make some cool profits that is the very time you should even be more careful with your instinct.

[@sheikhkelvin8650]

Agreed. Won huge, and half went back 😂

[@iliketotrade]

"Markets up, not him tho"- Nick 😂😂😂😂

[@LuthandoDlomo]

This hurts to watch 😂 it’s happens to the best of us before we learn how profitable good risk management is

[@killerbee8892]

Iv been trading alone for a while, doing well. But I needed to see this 😂

[@Nogovname]

just learned that today lmao. Lost $145 in like 5 seconds in a $500 account lol

[@LuthandoDlomo]

@@Nogovname Sorry brother! Just manage your position size right and you’ll recover it in no time

[@rikkie4244]

hey im kinda new into this, what's counts as good risk management??

[@LuthandoDlomo]

@@rikkie4244 Good risk management is implementing a calculated statistical advantage that minimising losses and maximises profits. The statistical advantage of a risking 1% of your account balance to make 2/3% profits means that overtime your capital gains & profits are going to outpace your losses. Your risk management is built around your strategy, learn how to trade it inside and out, to perfection, then you use good risk management to profit off the strategy. Good luck Rikkie, i believe in you!

[@ngocoanhlethi9974]

I only have a $24 account and trade at 0.01 lots and it kill my mental when I lost $2-3 per trade. This video reminded me so much about my risk management . Thanks for sharing.

[@ohmyjosh3065]

These traders don't take draw down into consideration. They get hunted before the actual breakout. Very very educational

[@deepruc7608]

I mean i do understand that not everyone has a laptop or computer but id rather save up some money to buy one instead of trading on my phone... thats just not possible

[@SolomonAtambilaAguide]

2:42, He is up indeed!! 😂😂😂 Next second , his face is in the dirt

[@remiogun8659]

Ooh Nick; this video is pathetic and hilarious at the same time. I don’t know if I’m laughing or crying. I think we need a video like this once in a while. 😂😂😂😂😂

[@squirrelhallowino29]

I feel for that guy who was stopped right where he put it only to win everything afterwards

[@afrimedia5897]

"No risk no Ferrari" South African forex traders ✊🔥😂

[@rollingjoker4653]

The guy yells and immediately the gold price goes up.. hilarious and sad at the same time.😂😭

[@Nato6973]

I'm also South African and like someone in the chat said, most of these people in the video are South African , and they encourage this form of trading, it's called 'BARCODING'.

[@Bradleymotaung]

Fundemental pip lord is my dude respect the name 🔥🔥🔥🔥🤣🤣🤣🤣

[@arahman2001]

i am lucky ive seen this in my 5th month of learning, thanks Nick, the feeling of loosing a $1000 account in a second is really unmatched in such bad economy, i would rather forcus on small but consistent growth.

[@SamuelSNtege]

It is different. Those South African traders always go full margin again with high leverage but they win more than they lose. Just imagine if that last guy in the video got the fundamentals in his way...he had over seven positions of 10 lots each, but on an $800 account. Do you know how much he wd have made? For them it's a game...they have accounts where they trade normally & also have "small" accounts for gambling the news.

[@pjplaysgamez8520]

8:18 He said "I hope it doesn't blow my account here"

[@Plutomoon79]

Please make more of these… I love the reactions.

[@MsMayna-ih6uq]

Nick: oow... HE IS UP, HE IS UP... OOOW MARKET IS UP, NOT HIM THOUGH!!!!😂😂😂😂😂😂 im coughing my lungs out.

[@aileencenita1586]

Thank you for reminding us Nick... Its always risk management over profit making.....

[@Xanddy035]

I like how all of these acc are blown on small timeframes. Lmao😂

[@ntandoyenkosimoyo2071]

As a swing trader I'm happy where I am 😂😂

[@madwolf8615]

It's crazy, soon as you put money in it's as if the chart goes the opposite way.

[@jaealexander403]

Gotta read those time frames😂

[@Lyons_Group]

99% of those traders are south Africa 💔and some even have brokers

[@wesleyamuro]

If the trade goes against me, very simple. I just traded in the opposite direction with slightly bigger lot size. And let both trades run until they hit SL and TP. Now I know this hedging is NOT a perfect strategy and you and others reading this may not agree. But at this point, I was no longer thinking of making profits. Rather to recover some of my capital. Warren Buffet laid down 2 rules even though he is NOT into Forex trading but still applies to all investments. 1. Never lose money, 2. Always remember rule No. 1.

[@tochymakua3490]

I do that too, especially when I'm scalping.

[@wesleyamuro]

@@tochymakua3490 I don't do scalping. I prefer swing trading.

[@wesleyamuro]

@@tochymakua3490 for your better understanding, I don't hedge right away. I only do so when trade goes against me at halfway mark to SL. My amazing discovery is the moment I do so, the resistance swing suddenly stopped and began moving a little towards where I want. 1 thing I will NOT and NEVER do is betting on the same direction with bigger lot size when it is clear the market is heading towards my SL. Or even extending SL. But I am happy to extend my TP.

[@kjmchc1010]

Me too, some time i hedge, but only when i'm not sure where market will go

[@wesleyamuro]

@@kjmchc1010 you hedged ONLY if trade goes against at halfway mark to SL. Trust me. When you do that, the resistance swing will stop momentarily.

[@randyallen8213]

That guy with the 100 lot and 35 lot size lost all his money plus owes his broker money. He lost the money so fast his broker wasn’t quick enough to give him a margin call lol 😂

[@danielkainyah824]

That's FBK (force broker killer ), that money is very small for him. He makes millions of withdrawals from news trading, and even now he is a broker

[@bubba2457]

@@danielkainyah824 don't trust that guy😂

[@whatif9289]

@@bubba2457 🤣🤣🤣

[@kudzaim5434]

​@@danielkainyah824 wow you are soo gullible

[@thendoronnyramashia749]

@@danielkainyah824 no ways you actually believe that? If only you knew...

[@strobe9]

This guy: Please don't trade like this. Everyone who is about to open their 1st account: What do you mean?

[@Sarstan]

Makes me feel so much better about losing $200 in one day of trading. Also makes me REALLY appreciate always having stop losses on my orders.

[@mustwatchcontent7127]

Me without stop-loss turn 20$ Into 800 withdrawal 500$ rest belown up

[@Racerboy535]

@ 7:05-7:13 that’s how my trades are going, then I open up my SL and it reaches SL when I go to the bathroom and I lose more😂

[@Ismail_Masyaf]

The dude at 6:25 actually put a very good trade, and that's why I don't use stop loss when buying gold low, as the market always do this shit 😂😂

[@hdmotsadi]

@forexbrokerkiller , his name is Coach/Kgopotso.. that guy is fearless.. he can trade, and he doesnt trade demo accounts.. living Legend in our industry

[@renzelkhamacho1379]

The guy with 100 lots is probably the most famous trader in SA(or atleast in the top 3), he's mainly famous for his lavish lifestyle and super big mouth, the guy talks too much but is super hilarious I won't lie, that account that he blew is nothing new, he's a fundamental trader so he'd have one account buying And another selling around news time, it's worked for him because he's a millionaire, so for others just watching, do what works for you

[@johnsoncollins3706]

😂😂😂 very hilarious I just can't stop laughing cos it's reminds me about my old self

[@zews]

When I started forex I dreamed to be a millionaire 🤣🤣then I became poor 🤣🤣🤣

[@kio51423]

Poorlionaire**

[@OneCreator87]

You are now a Poorllionaire

[@asongtintinu8003]

😂😂😂😂 the editor deserve a cup of coffee

[@chanmanandcorner]

I gotta fuel up for the next video! ☕️

[@painandsuffer]

Greed kicks in on some Especially the one that was up $2000.. if he would of sold, but No

[@digestresmfx]

Risk management is key.Lets learn more on this side✅️

[@raphaelj.o.4628]

On my broker, all positions are being closed when going below 25%, my lowest was 29% giving me quite the chills, but luckily didn't lose my trades 🤯

[@DevRaj-rk4oy]

Lots of traders use heavy lot size and make incredible profit but when loss comes they lose their accounts

[@hanyolo2041]

I learned this the hard way. Thought I was about to quit my job, making 1-200 per trade with big lot sizes. One bad trade wiped me out lol never again

[@nhlanhlamsibi2718]

You should have merch written "Please don't trade like this" 🤣 i will be your delivery man here in South Africa, we need those

[@haverelmink]

There’s a reason why 90-95% of all day traders fail. The rest of us need them to fail. It’s all part of the zero-sum game.

[@odinmandu2184]

8:15 - No, he said "I hope I don't blow my account here"

[@masashihorn2422]

Hi Nick, do you have any recommendations between aaafx and xtb?

[@TeologíaCristiana]

terrifying! no risk mgt, no trading plan, no exposure 2% min, really crazy.

[@LodDOmniscient]

LMFAO 😂😂😂 it's good we have so many street money providing some Liquidity 😂😂😂😂😂😂

[@imyerickawana4174]

alot of SA traders like trading the news period and the influence is coming from fbk 😂

[@user-ul1ku1ds9d]

I just don’t get no risk management at all…it makes. I sense to me.

[@thendoronnyramashia749]

It's the fact that 90% of the video is South African traders that claim to be forex mentors, meanwhile....

[@jasoncboy8994]

Wow, this is super hilarious I swear. IT has some stuff that most traders have gone through including myself😂😂😂

[@zone80003]

the first one was like..... hahahahaha. y on earth would they not put on a stop loss.

[@maroInn85]

This is a reminder to have a proper risk management and don gamble news event. They don event look at the data of the news how they trade at least look the number and see the buy or a sell not to go in. Such funny ppl ...

[@michrich969]

bro your face in this momment 7:08 omg lmao

[@patrickemokol1810]

Someone said "idiot" like the forex market is human, 😂

[@johnnycharles4163]

I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.

[@molebatsiramagaga9647]

When Nick bites his nail just know you have done a wrong move🤣🤣WRONG TURN.

[@akachira777]

That guy who bought 100 lots should put a stop lost of 4 pips at least. GEEzzUS that a hard hit!

[@MooseMeus]

i have zero sympathy for people trading on their cell phones.

[@costo8779]

Hey nick do u advice us to trade news or no ?

[@AminKingpvp]

malaysian trader losts 3m usd last year december and the crazy part is that he manage to recovered it back last month

[@SamiSelo]

6:50 Warren buffet was right saying : Buy where you would put your stop loss.

[@rendrarenaldy8174]

YOLO, ALL-IN, No Stop Loss Gang Failed, then try again 🤟 Well, if one can flip small account then all like this typical method user woulda be millionaire already, but reality it is not simple because oversized lot and too long holding up an open position deciding the end of the trade. In the end what we need as a trader is “GROWTH” in equity over time, not just 1 big gain then losing it on next trades

[@delacruzneili]

man, the emotion this cuts out from the viewers is not entirely different from watching someone is killing someone, or somebody else is going to die, or maybe more.. shit

[@jackjoe3477]

Pls Nick, tell us the broker to use with lower spread... These brokers are taking our money

[@polgoso]

the second clip .. I can't understand it

[@leightarentaal2123]

Forex Broker killer : " Profit in 1 second Also him: " I'm kidding"

[@25lxghters11]

This is my favorite video on this channel 😂

[@sjholmes]

7:35 the last dude was hilarious

[@flippatheshippa]

I can relate to these crazy kind of trades. I don’t trade forex but I trade options contracts and I have gone crazy going all in on out of the money zero day till expiration options. It’s a bit of a gambling addiction really with very little risk management.

[@318AEllis362]

Notice how all these traders traded in the middle of the candle. Unpredictable to begin with. I’m just a noob tho.

[@Asdasty]

This is a South African style of trading. As a South African, I can confirm.

[@logandaniels9474]

i could watch so much more of this😅

[@nne0asf]

Watching this to forget about the trade i am on right now🤣🤣

[@mpho438]

Most of the guys are south african traders, those videos they used to take where for fundamental / news trading with massive lot sizes, it actually became a trend in SA sad and funny how some of them were idolized at some point. With a wave of Traders that had no regard for Risk Management, flashy gold plated cars and a get rich quick mentality, Ref Wayne and that Forex Broker Killer guy just to name a few.

[@toxxy8068]

Can u do a video in dept of things to you should know when trading fundamentals just like u said spread widens and all

[@king_mozart4254]

😂😂😂 We've all been there it's just their time as well feel it

[@Jleighton3355]

People trying to get rich quick instead of using technical analysis and proper risk management! This is just killing me to watch. This isn't trading, it's pure gambling

[@yuekai3794]

Hi there! quick question. Are you considering sessions in every trade?

[@Boli010]

Famous last words: "One second profit"

[@ryanhansen3617]

Great video. You just reminded me of what someone once said♥️. The richest people in the world build networks; everyone else is trained to look for work. "There is a difference between being poor and being broke. I Only attended this seminar once and ever since then I've been waxing strong financially and I most confess that one big difference between the poor and the rich is "Knowledge".

[@ryugurena3327]

I like to watch people lose money to make myself feel better about my own losses.

[@mr.moneyman6821]

Risk management left the chat

[@rajat89]

Looks familiar..

[@tradingtalk1037]

Very entertaining content, love it. Keep up the work.

[@Cmdex]

all trades in thoses did one mistake forgeting about news impact on forex

[@anthonyzee680]

He's up, he's up 😄 he's not up 😂😂

[@almighty6213]

Where is stoploss???

[@alouie001]

Youre better off trading currency shares than contracts. You are competing against institutions who have access to way more info than you and they do manipulate price swings during the day.

[@George-xt6pk]

Am actually hesitant to get on the charts right now 😮😮😮. This s***t is real.

[@silkroad1201]

It's impossible to blow your account if you don't use lot sizes higher than 1% of the account balance. $2,000 account = .2 lot size (max)

[@lilnova9661]

Most of the videos are on a demo account, if you won't know this youve not been trading long enough

[@P4YN3-x]

I can't stop laughing 😂😂😂 And he was like oh my God let's see that in slow motion 😂😂😂