How to Grow A Small Forex Account (WITHOUT Blowing your Account...)

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  • เผยแพร่เมื่อ 4 มิ.ย. 2024
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  • บันเทิง

ความคิดเห็น • 153

  • @TraderNick
    @TraderNick  10 หลายเดือนก่อน +3

    Looking to get funded? Get 15% OFF with our partnered prop firm!
    Use code A1TRADING15 HERE: rb.gy/jkpds

    • @_jlb_5253
      @_jlb_5253 10 หลายเดือนก่อน

      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?

  • @AyodejiRaph.
    @AyodejiRaph. 2 ปีที่แล้ว +45

    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_smile
      @4k_smile ปีที่แล้ว

      😂😂

    • @DannydAnthony4
      @DannydAnthony4 ปีที่แล้ว

      That was slick

    • @digeraticlub1
      @digeraticlub1 11 หลายเดือนก่อน

      Easy to.follow and to the point keep on keeping it simple good work.

    • @chizofx
      @chizofx 9 หลายเดือนก่อน

      😂

  • @oKrytex
    @oKrytex 2 ปีที่แล้ว +21

    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!

  • @SGTGUILD
    @SGTGUILD 2 ปีที่แล้ว +1

    Amazing video with pure facts. Thanks Nick

  • @freedomtrucker2332
    @freedomtrucker2332 2 ปีที่แล้ว +9

    Good down to earth advice all the way through ..thanks ..and good luck to all of the traders just starting out ..👍☕️😎

  • @VinylLondon
    @VinylLondon ปีที่แล้ว

    Thanks for your honesty. Just realised the size of account needed

  • @Kilo80Kilo
    @Kilo80Kilo 2 ปีที่แล้ว +3

    Thank you for your time and effort.

  • @glenrichzuso9076
    @glenrichzuso9076 ปีที่แล้ว +5

    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 !!!

  • @darioc.1196
    @darioc.1196 ปีที่แล้ว

    This is a great video, congratz!

  • @richardcabalquinto5307
    @richardcabalquinto5307 ปีที่แล้ว +1

    Wooow, this is what i am looking for! Thank you for this video. It helps me really understand the market. Nice content brother

  • @ezrasitali7575
    @ezrasitali7575 11 หลายเดือนก่อน

    Thanks for the honesty, Nick. Really appreciate it!

  • @bentpaz
    @bentpaz 2 ปีที่แล้ว +5

    This was pretty enlightening and helpful stuff

  • @alikazwini7693
    @alikazwini7693 ปีที่แล้ว

    Love you man !❤❤❤

  • @gregmorgan2917
    @gregmorgan2917 ปีที่แล้ว

    Good video thank you Nick.

  • @simpiwemaqwara2184
    @simpiwemaqwara2184 2 ปีที่แล้ว +4

    You're an honest mentor Nick,I gain a lot from you 🙏🙏🙏❤️

  • @Worldhistory212
    @Worldhistory212 2 ปีที่แล้ว +2

    this is amazing mate, thank you

  • @mikescarborough9196
    @mikescarborough9196 ปีที่แล้ว +2

    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.

  • @RabianOfficial
    @RabianOfficial 2 ปีที่แล้ว +4

    Thank you bro, I appreciate your opinions all the time.

  • @savesome
    @savesome ปีที่แล้ว

    I'm so much greatful watching your contents here.

  • @leandrogoethals6599
    @leandrogoethals6599 8 หลายเดือนก่อน

    Hey Nick,
    Do u have any automated bots that use your strategies since u said algo and what did u use to backtest? python?

  • @Rinkydink73274
    @Rinkydink73274 11 หลายเดือนก่อน

    Probably the best video I've ever seen about the realistic truth about trading..Well done.

  • @generationalfxwealth1844
    @generationalfxwealth1844 ปีที่แล้ว

    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

  • @KiptooKurui
    @KiptooKurui ปีที่แล้ว

    Thank you Nick

  • @MAshfaqShaikh
    @MAshfaqShaikh 2 ปีที่แล้ว +1

    Very motivative 🎯

  • @Darth_trillmatic
    @Darth_trillmatic 2 ปีที่แล้ว

    Dude you’re the man

  • @sisekomaci2930
    @sisekomaci2930 2 ปีที่แล้ว +1

    Good one

  • @phillipmuriithi94
    @phillipmuriithi94 ปีที่แล้ว +2

    Probably the most realistic video out there. Thank you for this reality check!

  • @antonioarcano7989
    @antonioarcano7989 ปีที่แล้ว +1

    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.

  • @bunnavoun
    @bunnavoun ปีที่แล้ว

    Thank you

  • @youtubesnakeyes3595
    @youtubesnakeyes3595 2 ปีที่แล้ว

    what do you say about FTMO and prop firm generally expecting a 10% return in 1 month

  • @yahyahaidary9846
    @yahyahaidary9846 ปีที่แล้ว

    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

  • @kathygarciac
    @kathygarciac 2 ปีที่แล้ว

    great video !!! i needed to hear this

  • @phimratsurat3029
    @phimratsurat3029 ปีที่แล้ว

    Thank you for sharing this I learned a lot from you
    And I did subscribe ❤️

  • @izzamga
    @izzamga ปีที่แล้ว +6

    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.

    • @HighCaliberTrading
      @HighCaliberTrading ปีที่แล้ว +1

      You keep your money in a brokerage because you can take loan on your portfolio as collateral and use them to live tax free

  • @heybear7271
    @heybear7271 2 ปีที่แล้ว +2

    You are the only person i trust in forex Nick :) Thanks for being so honest !

    • @TraderNick
      @TraderNick  2 ปีที่แล้ว

      Happy to help. We keep it real here!

  • @timestrike5278
    @timestrike5278 2 ปีที่แล้ว +2

    Thank you nick❤️

  • @omegabueno
    @omegabueno ปีที่แล้ว +1

    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.

  • @congtoannguyen1940
    @congtoannguyen1940 ปีที่แล้ว

    I can not get the handbook through the link under the description, please help

  • @jeffreyng8953
    @jeffreyng8953 11 หลายเดือนก่อน

    Technical handbook. Thanks

  • @FXTRADERAJE
    @FXTRADERAJE 2 ปีที่แล้ว +5

    This is what I'm looking for

  • @LuphumloMatrose
    @LuphumloMatrose 10 หลายเดือนก่อน

    Hi Nick i would like to have the technical handbook as it will help me on my trading journey

  • @ijintraveler6140
    @ijintraveler6140 2 ปีที่แล้ว +2

    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?

  • @christinensp7652
    @christinensp7652 ปีที่แล้ว

    Technical hand book. Tq

  • @Sullivynn
    @Sullivynn ปีที่แล้ว +11

    So, how do you make a living/career trading if withdrawing isn't an option?

    • @manic7695
      @manic7695 ปีที่แล้ว +1

      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.

  • @LiLPAnCOoKie
    @LiLPAnCOoKie 2 ปีที่แล้ว

    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.

  • @Ramiromasters
    @Ramiromasters ปีที่แล้ว +1

    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.

  • @openrizal
    @openrizal ปีที่แล้ว

    Thank you for free COT data from A1 Trades that recently launched.

  • @timhansen1891
    @timhansen1891 2 ปีที่แล้ว +2

    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.

  • @JORDAN-yd7fi
    @JORDAN-yd7fi ปีที่แล้ว

    This is great I believe if I test this maybe this time I will have profitable trade🙏

  • @zygote5496
    @zygote5496 ปีที่แล้ว

    On 39 seconds can someone tell me what the background music is called

  • @PrdCurrencies
    @PrdCurrencies หลายเดือนก่อน

    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!

  • @Kaneki-sn3bf
    @Kaneki-sn3bf 2 ปีที่แล้ว +2

    When you talk about % or your account. Is this including the leverage or just pure account money?

    • @TraderNick
      @TraderNick  2 ปีที่แล้ว

      Pure account balance

  • @sheenamcguinness7718
    @sheenamcguinness7718 11 หลายเดือนก่อน

    broker link no longer good
    thank you for all your honesty its very helpful

  • @mohammeddawood3687
    @mohammeddawood3687 11 วันที่ผ่านมา

    Does anyone know how we can get the free tech analysis book please . In telegram we cant send messages

  • @atharvakunjir3537
    @atharvakunjir3537 3 หลายเดือนก่อน

    Technical hand book.

  • @Kane-ib5sn
    @Kane-ib5sn ปีที่แล้ว

    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...

  • @pedroteixeira1742
    @pedroteixeira1742 6 วันที่ผ่านมา

    better to just go for funded challenges if you are profitable and dont have money

  • @ethan004
    @ethan004 ปีที่แล้ว +2

    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.

  • @damianu6514
    @damianu6514 2 ปีที่แล้ว +3

    Started out recently with only 10 dollars, going to scale up to 100 $ and learn along the way

    • @mouradama7129
      @mouradama7129 2 ปีที่แล้ว

      How much did you risk per a trade?

    • @damianu6514
      @damianu6514 2 ปีที่แล้ว

      @@mouradama7129 0.01

    • @mouradama7129
      @mouradama7129 2 ปีที่แล้ว

      @@damianu6514 and how many pips you put your SL ?

    • @damianu6514
      @damianu6514 2 ปีที่แล้ว +1

      @@mouradama7129 just keep it tight, it's only 10 dollars

    • @mouradama7129
      @mouradama7129 2 ปีที่แล้ว +1

      @@damianu6514 okay thanks man

  • @wellnesspathforme6236
    @wellnesspathforme6236 ปีที่แล้ว +1

    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!

  • @upcomingfx_Trader
    @upcomingfx_Trader 2 ปีที่แล้ว +3

    I have a question so I started trading for 3 years now in wanted to know Does compounding account overtime really works?

    • @shahnoor_prospersol
      @shahnoor_prospersol 2 ปีที่แล้ว

      Yes it does 💯

    • @IAM-oq1tx
      @IAM-oq1tx 2 ปีที่แล้ว

      Give you more room for bigger profits

    • @davetrent6262
      @davetrent6262 2 ปีที่แล้ว

      Of course, done properly it can't fail

  • @atharvakunjir3537
    @atharvakunjir3537 3 หลายเดือนก่อน

    Can u make a video on how to get out of breakeven stage❓❓❓

  • @thesocialartsclub9095
    @thesocialartsclub9095 ปีที่แล้ว

    I've read a lot of stories of Forex brokers just refusing to pay out. Any videos on that?

  • @sharonkamundi5908
    @sharonkamundi5908 ปีที่แล้ว

    Hello trader Nick....how does someone join your Vip trading channel?

    • @TraderNick
      @TraderNick  ปีที่แล้ว

      Hey Sharon, you can join our community here: a1trading.com/vip/ , and if you use code YTVIP you'll get a subscriber discount :)

  • @josephchai94
    @josephchai94 2 ปีที่แล้ว +2

    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

  • @-drikoidgaf-792
    @-drikoidgaf-792 9 หลายเดือนก่อน

    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
      @TraderNick  9 หลายเดือนก่อน

      Experience will tell you 15% per year is difficult. Social media will tell you otherwise.

  • @ryandnewell
    @ryandnewell ปีที่แล้ว

    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?

  • @valentineanumba7289
    @valentineanumba7289 ปีที่แล้ว +1

    Technical handbook

  • @nathp162
    @nathp162 2 ปีที่แล้ว

    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

  • @user-xx6zy9uv7s
    @user-xx6zy9uv7s ปีที่แล้ว

    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

  • @clintonilobi1380
    @clintonilobi1380 ปีที่แล้ว +1

    Technical analysis

  • @bayyareddy8994
    @bayyareddy8994 2 ปีที่แล้ว

    Hii telegram account link not opening ...it is showing error

  • @shakirghazali2890
    @shakirghazali2890 9 หลายเดือนก่อน

    Use acc managment service

  • @PhilfortuneInternational
    @PhilfortuneInternational ปีที่แล้ว

    Technical hand book

  • @olalekanoyadiran2292
    @olalekanoyadiran2292 ปีที่แล้ว

    Technical analysis please

  • @AB-dy5yt
    @AB-dy5yt 2 ปีที่แล้ว

    Appreciate watching most of your information but this one to many adverts. Very frustrating...

  • @charmainejansen1718
    @charmainejansen1718 11 หลายเดือนก่อน

    Technical analysis Handbook

  • @Davewill0833
    @Davewill0833 9 หลายเดือนก่อน

    🎯

  • @cheeweefoo4590
    @cheeweefoo4590 ปีที่แล้ว

    the only way to grow big in profits,is have a big account size like 100K, and trade min 1 lot size,2% risk..

  • @4lexanderMA
    @4lexanderMA ปีที่แล้ว +1

    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?

    • @manic7695
      @manic7695 ปีที่แล้ว

      That's why Trading is not for everyone.

  • @faith_move_mountains894
    @faith_move_mountains894 2 ปีที่แล้ว +1

    It’s not loading 🥺

  • @kwamewiafe-akenten2843
    @kwamewiafe-akenten2843 ปีที่แล้ว

    Technical analysis; book

  • @sanjibmondal7020
    @sanjibmondal7020 2 ปีที่แล้ว

    Ok

  • @Kaneki-sn3bf
    @Kaneki-sn3bf 2 ปีที่แล้ว

    What is considered a small trading account?

    • @TraderNick
      @TraderNick  2 ปีที่แล้ว +1

      Under 10k in the US, in my opinion

  • @joellaoginga523
    @joellaoginga523 ปีที่แล้ว

    Technicalal handbook

  • @Kyle9381
    @Kyle9381 ปีที่แล้ว

    How much money consider as small capital?

    • @TraderNick
      @TraderNick  ปีที่แล้ว

      Less than 10k USD I would say

    • @Kyle9381
      @Kyle9381 ปีที่แล้ว

      @@TraderNick what do you think, if I just only have 1k USD?

  • @kheirollahalali7234
    @kheirollahalali7234 ปีที่แล้ว +1

    👍

  • @katlegomodiba6781
    @katlegomodiba6781 6 หลายเดือนก่อน

    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

  • @ononiwuhenry8591
    @ononiwuhenry8591 2 ปีที่แล้ว +1

    Not available yet

    • @TraderNick
      @TraderNick  2 ปีที่แล้ว

      Should be now 👍

  • @davidvesseur
    @davidvesseur 2 ปีที่แล้ว

    You didn't mention anything about prop firms

    • @TraderNick
      @TraderNick  2 ปีที่แล้ว +1

      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

    • @davidvesseur
      @davidvesseur 2 ปีที่แล้ว

      @@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

  • @lopelinteria333
    @lopelinteria333 ปีที่แล้ว

    I need a technical hand book

    • @joanajhon4446
      @joanajhon4446 ปีที่แล้ว

      Technical analysis explained by martin pring.

  • @muhammadbaffa5276
    @muhammadbaffa5276 8 หลายเดือนก่อน

    Is there hope for someone with a $10 account?🙂

  • @denzelkiptalam4150
    @denzelkiptalam4150 ปีที่แล้ว +1

    Sponsor me for the gold membership for a month

  • @Nikoblickgaming
    @Nikoblickgaming 9 หลายเดือนก่อน

    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.

  • @charmainpillay6135
    @charmainpillay6135 ปีที่แล้ว +1

    Technical analysis book, please may I have a copy sent to me. Thank you

    • @TraderNick
      @TraderNick  ปีที่แล้ว

      Message here: t.me/drew_a1trading/

    • @mci6308
      @mci6308 ปีที่แล้ว

      @@TraderNick is not working bro

  • @amazingm4182
    @amazingm4182 2 ปีที่แล้ว

    😳😳

  • @aliciawhyle1884
    @aliciawhyle1884 ปีที่แล้ว

    trade for me

  • @rafaelvelez8858
    @rafaelvelez8858 ปีที่แล้ว

    Can I please get the technical handbook for free

    • @TraderNick
      @TraderNick  ปีที่แล้ว

      Message us on our website, tawk.to/chat/62e5d26254f06e12d88c1ec2/1g98rrk80

  • @cheeweefoo4590
    @cheeweefoo4590 ปีที่แล้ว

    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

  • @FinalTouchSA
    @FinalTouchSA ปีที่แล้ว +1

    I see no reason trading then

    • @TraderNick
      @TraderNick  ปีที่แล้ว

      If you don't love it, and don't have a long term plan or multiple millions to trade with, it is highly not worth your time