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?
I think we dont understand how valuable this is. You opened my eyes Nick! Spending thousands and thousands of hours just to help other people! You are truly exceptional!
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!
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 !!!
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😂😂❤️
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.
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
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.
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 $100 account seems to me to be an incredibly difficult task : you're going to have to be very good at picking out winning trades, and even then you won't see your account grow enormously, even after a few years. You'd be better off buying some lottery tickets! Sorry!
Nick, Ive been trading for 15 years, and as You mentioned, key to success is to trade small . No way around it; I wont make a billion like Soros, but Ive been profitable for a few years now. My strategy allows me to trade long term and being able to sleep w/o worrying about sudden, large moves.
Risking small is the true secret. I’ve blown up a few accounts until I started risking only 1%, 2% if the trade looks extra promising. 10 losing trades won’t hurt too much, and if I win 2-3 of those at a modest 1:3 if I move stoploss to break even early. If I catch a really strong trend I make money
2% is high tho. 10x2 is 20% DD which isn't easy. But if the account is small enough that u dont care that much. It's ok imo. That's what I'm gonna do with my new broker. Because depositing all the capital and barely using it isn't good for me. 50% of the capital maybe and risk more
Well, don't be discouraged, although all of what he says is true. Still, there will be times that amazing deals will come about, and you could easily double your account. You just need to be a clever trader for when the time is right.
I agree with most of what you said except having 100k in the trading account. Does the trading platform gives you interest for it? And insurance? If not, I rather put 90k in other low risk such as index fund or blue chip companies. I can always fund my account during drawdowns.
I'm in process of growing 1000$ 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.
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...
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!
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.
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.
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
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?
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?
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.
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?
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
@@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
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
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
Looking to get funded? Get 15% OFF with our partnered prop firm!
Use code A1TRADING15 HERE: rb.gy/jkpds
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?
I think we dont understand how valuable this is. You opened my eyes Nick! Spending thousands and thousands of hours just to help other people! You are truly exceptional!
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!
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 !!!
I started 3 month ago with USD 5K and blown away.
Nowbthinking to start with small, thanks with this video.
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😂😂❤️
😂😂
That was slick
Easy to.follow and to the point keep on keeping it simple good work.
😂
Aye I can't lie it was cleannnn!!!
Good down to earth advice all the way through ..thanks ..and good luck to all of the traders just starting out ..👍☕️😎
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.
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
Probably the best video I've ever seen about the realistic truth about trading..Well done.
Thanks for your honesty. Just realised the size of account needed
Wooow, this is what i am looking for! Thank you for this video. It helps me really understand the market. Nice content brother
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.
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.
this is amazing mate, thank you
No problem 👍
You are the only person i trust in forex Nick :) Thanks for being so honest !
Happy to help. We keep it real here!
Thanks for the honesty, Nick. Really appreciate it!
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.
This is a great video, congratz!
Thank you for your time and effort.
So, how do you make a living/career trading if withdrawing isn't an option?
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.
You're an honest mentor Nick,I gain a lot from you 🙏🙏🙏❤️
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!
Amazing video with pure facts. Thanks Nick
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.
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
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
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.
Probably the most realistic video out there. Thank you for this reality check!
Love you man !❤❤❤
I'm so much greatful watching your contents here.
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.
You keep your money in a brokerage because you can take loan on your portfolio as collateral and use them to live tax free
Started out recently with only 10 dollars, going to scale up to 100 $ and learn along the way
How much did you risk per a trade?
@@mouradama7129 0.01
@@damianu6514 and how many pips you put your SL ?
@@mouradama7129 just keep it tight, it's only 10 dollars
@@damianu6514 okay thanks man
This is what I'm looking for
better to just go for funded challenges if you are profitable and dont have money
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.
Good video thank you Nick.
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...
Dude you’re the man
Thanks Jordan
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!
Why did my stopliss amount in dollars flutuate when prices move instead of remaining the same as per my stoploss
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
I have a question so I started trading for 3 years now in wanted to know Does compounding account overtime really works?
Yes it does 💯
Give you more room for bigger profits
Of course, done properly it can't fail
Technical handbook. Thanks
Very motivative 🎯
This was pretty enlightening and helpful stuff
Thank you bro, I appreciate your opinions all the time.
Thank you Nick
broker link no longer good
thank you for all your honesty its very helpful
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.
Hi Nick i would like to have the technical handbook as it will help me on my trading journey
Can u make a video on how to get out of breakeven stage❓❓❓
I've read a lot of stories of Forex brokers just refusing to pay out. Any videos on that?
I can not get the handbook through the link under the description, please help
Hey Nick,
Do u have any automated bots that use your strategies since u said algo and what did u use to backtest? python?
Thank you for free COT data from A1 Trades that recently launched.
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.
When you talk about % or your account. Is this including the leverage or just pure account money?
Pure account balance
Technical hand book. Tq
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
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?
Good one
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
On 39 seconds can someone tell me what the background music is called
what do you say about FTMO and prop firm generally expecting a 10% return in 1 month
Technical hand book.
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?
That's why Trading is not for everyone.
Technical Handbook
Thank you nick❤️
Technical analysis Handbook
Does anyone know how we can get the free tech analysis book please . In telegram we cant send messages
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.
great video !!! i needed to hear this
This is great I believe if I test this maybe this time I will have profitable trade🙏
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?
Experience will tell you 15% per year is difficult. Social media will tell you otherwise.
Thank you
Technical handbook
dang $1000 USD is $1442 CAD right now xD. I'm glad I trade all my accounts in USD
Tactical hand book
Hello trader Nick....how does someone join your Vip trading channel?
Hey Sharon, you can join our community here: a1trading.com/vip/ , and if you use code YTVIP you'll get a subscriber discount :)
It’s not loading 🥺
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?
I need the Technical Handbook
Technical handbook
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
the only way to grow big in profits,is have a big account size like 100K, and trade min 1 lot size,2% risk..
Is there hope for someone with a $10 account?🙂
Thank you for sharing this I learned a lot from you
And I did subscribe ❤️
Appreciate watching most of your information but this one to many adverts. Very frustrating...
How much money consider as small capital?
Less than 10k USD I would say
@@TraderNick what do you think, if I just only have 1k USD?
Technical hand book
Hii telegram account link not opening ...it is showing error
Not available yet
Should be now 👍
Use acc managment service
You didn't mention anything about prop firms
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
@@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
What is considered a small trading account?
Under 10k in the US, in my opinion
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
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
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
Technical analysis
Technical analysis please
Technicalal handbook