I think one of the biggest mistakes is not being able to deal with losses, the psychology behind losses destroyed me for 6months but I stayed persistent and as I traded and bactested every single day my strategy upgraded and got better, am currently 18 and the plan is I'll learn and grind for 2years, am 6 months in already and am very good comparing to when I started, stay persistent and don't let the flex life get to your head, this is me speaking to my self
@2:25 Regarding changing style in order to make the $10, I think its okay to temporarily increase your regular risk by 2x or 3x just to cross the finish line Sometimes it works, sometimes it doesn't. However, so risking a bit more without altering the original entry rules does not count as changing your style Just be responsible about it and don't reach the daily drawdown
Yup definately number 1 for me. I spent 27k on challenges made over 200k in profit just from passing phase one's lol and once i finally got funded I only made 20k profit then lost the account smh. I decided at the end of last year no more prop firms until i get my personal account to 50k and its month three of my personal account and im up 27k in profit starting with a 1k deposit and funding only 4k a month from my personal business.
hi willis can you recomend a forex tax accountant service or forum for people in the uk as i am still doing the day job i want to try and get away will just capital gains for a year before i go ibc or llc and start paying corp tax thanks -Russ UK
I must tell you the truth This is the best time to invest in crypto and stock markets. The rich gets richer cos they don’t just BUY and HOLD rather they TRADE them with a professional and make PROFITS .
I’m no longer waiting for grant loan cos I’m making a profit of $10,000 every 11days ~I’m not freaking out, I wish I could buy more😁. Despite the dip I was able to make some profits (Thanks Alice)
Thanks again for another video. I've watching few of your videos, just wondering if you are not fond of smc strategy? Since i notice that you always makes a funny face when mentioning smc strategy on your videos, can you tell us why? Is smc not a good strategy?
I do 1% spot trades with crypto. it gives me $10-20 profit each trade. So roughly $50 a day. Some days the market is too volatile and unpredictable so I don’t trade for a few days. Usually only trade when I see a nice sideways action. I am still learning, and one tip I have is don’t open trades at night in bed on your phone. I did this a few times and fell asleep with a trade open, woke up with big dip in account. Lol
Bro I'm a newbie, I'm trying to find consistency but I need your help I need a Laptop to analyze properly, $500 would help a lot. Or if you have one you don't use anymore help a brother please
Great content wills so much value in here for those who pay attention. Especially the bit about not constantly chasing money and success but instead focusing on the process and allowing the rest to come to you. "When you stop chasing the wrong things, you give the right things a chance to catch you" Lolly Daskal
@@lylel3471 There's no margin call when you lose you lose, you got to know your thing and control your emotions, but with a live account I don't now when was the last I've received a margin call message 😅 I just put my trade no stop loss because I know if I got my leverage right even if it goes on deep loses I know it will return back to where I started and close the trade without any profit or loses or little loses I just fear nothing with a live account.
@@simphiwezulu2841 if your getting anywhere near margin call you need to seriously re evaluate what your doing lol. Manage your risk risk only 1-3% on personal accounts and 0.5% on funded
There is nothing that he should or should not. He makes 30k+ on some trades. He is a wise man to not flex with materials but invest it for the future. Anyways, he’s got a few nice rolexes as well... Quite nice for 80% isn’t it😉
He says he has 20 trades tops in about 6 months. Makes no sense that gives advice about prop firms since we all know that with that amount of trades is impossible to recover an account that is in drawdown in a propfirm challenge. You can tell this guy has no actual experience in real markets.
Your thumbnail and video doesn't match man. Don't do clickbait stuff. We come here to watch your actual chart reading, profit/loss, if possible live trade. Do also please bare minimum video editing. Just because we love to watch your video doesn't mean you don't do basic video editing stuff. I hope you understand the constructive criticism.
You not ready for the prop if you need help passing it boss. Keep practicing on the live account or demo and take it serious follow a plan and track all your trades then take the challenge.
I think one of the biggest mistakes is not being able to deal with losses, the psychology behind losses destroyed me for 6months but I stayed persistent and as I traded and bactested every single day my strategy upgraded and got better, am currently 18 and the plan is I'll learn and grind for 2years, am 6 months in already and am very good comparing to when I started, stay persistent and don't let the flex life get to your head, this is me speaking to my self
Thanks for the lesson WillsFX. Also I like the new videos with background music. Gives us the life.
Lost a funded challenge and I made 4/5 of these mistakes thanks brother for helping me get my shit together !
please what prop firms offer the medium scale account
What broker do you use?
@2:25 Regarding changing style in order to make the $10, I think its okay to temporarily increase your regular risk by 2x or 3x just to cross the finish line
Sometimes it works, sometimes it doesn't. However, so risking a bit more without altering the original entry rules does not count as changing your style
Just be responsible about it and don't reach the daily drawdown
Yup definately number 1 for me. I spent 27k on challenges made over 200k in profit just from passing phase one's lol and once i finally got funded I only made 20k profit then lost the account smh. I decided at the end of last year no more prop firms until i get my personal account to 50k and its month three of my personal account and im up 27k in profit starting with a 1k deposit and funding only 4k a month from my personal business.
Do you have something against smc ? Because of faces you make saying it
what is smc?
Good Video! "Trading is the hardest way to make easy money!"
hi willis can you recomend a forex tax accountant service or forum for people in the uk as i am still doing the day job i want to try and get away will just capital gains for a year before i go ibc or llc and start paying corp tax thanks -Russ UK
I love your videos, put more live trading video bro...
Seen that Cheeky smile when you said SMC lol
You forgot to talk about prop firms that don’t have a time limit on them will!
fear of missing out and changing plans after a loss. My main culprits
*🚀The rich spend less but invest more
✌️True! Most failure in NFTs and Crypto trading today results from poor orientation and bad experts or traders
*~Most time people won’t say the truth but glad I found my way out through investing in Crypto and stock. All thanks to my trader Mrs Roselyn Alice
I must tell you the truth This is the best time to invest in crypto and stock markets. The rich gets richer cos they don’t just BUY and HOLD rather they TRADE them with a professional and make PROFITS .
I’m no longer waiting for grant loan cos I’m making a profit of $10,000 every 11days ~I’m not freaking out, I wish I could buy more😁. Despite the dip I was able to make some profits (Thanks Alice)
~Oh! I remembered her. She was mentioned on BBC news last week as one of the experts in crypto and stock markets. I think she’s really amazing 🤩
Thanks again for another video. I've watching few of your videos, just wondering if you are not fond of smc strategy? Since i notice that you always makes a funny face when mentioning smc strategy on your videos, can you tell us why? Is smc not a good strategy?
Your videos are some of the best in the Forex community and I agree psychology is so important and most traders overlook it.
fitz changed careers
I have a strategy but I haven't back tested it yet.
Backtest it. Go back at least 6 months and test it and see if it works in the past so you can have the confidence it will work in the future.
Good day will thank you for your vids
Glad you like them!
4:58 had me dying😂😂😂😂
Thank for for the tips
My man’s active now 🔥
Any chance you can do more in-depth into technicals and how you get in and out of the market?
Another Great Video! What camera do you use the quality is insane!?
Can you make a video please about tax or related to it when it comes to FX trading in the UK and run it as a business? Thanks.
top content👏
What do you think about ICT? Plz let us know
What app do yall use for forex trading?
Meta Trader 4 app
Great piece 👌💥
Amazing content
P R E A C H !
I do 1% spot trades with crypto. it gives me $10-20 profit each trade. So roughly $50 a day. Some days the market is too volatile and unpredictable so I don’t trade for a few days. Usually only trade when I see a nice sideways action. I am still learning, and one tip I have is don’t open trades at night in bed on your phone. I did this a few times and fell asleep with a trade open, woke up with big dip in account. Lol
Great content as always. 👏
Appreciate it!
Bro I'm a newbie, I'm trying to find consistency but I need your help I need a Laptop to analyze properly, $500 would help a lot. Or if you have one you don't use anymore help a brother please
Thank you for sharing this. Needed to hear some of the things 🙌🏻
So glad!
Truly grateful mate👌🙏🏻
Keep this Going
Sir will .. I've watched all your videos since the start thank you so much
as always this video is so good everything is good keep this content up cuz its crazy good
what you think of the best way to Grow a Small Forex Account in 2023?
Slow, consistent gains
This is such a helpful video, I have made all these mistakes but I have learnt from them.
Glad it was helpful!
I love this guy
One of the only traders I wanna clone
20 trades in 5 or 6 months?
Oui
Great content wills so much value in here for those who pay attention. Especially the bit about not constantly chasing money and success but instead focusing on the process and allowing the rest to come to you.
"When you stop chasing the wrong things, you give the right things a chance to catch you"
Lolly Daskal
bla bla bla
Your face when u mentioned smc 😭
If you can trade with a prop firm account you'll realise that trading a live account is actually easy😅
Fax, takes different level of phycology
@@lylel3471 There's no margin call when you lose you lose, you got to know your thing and control your emotions, but with a live account I don't now when was the last I've received a margin call message 😅 I just put my trade no stop loss because I know if I got my leverage right even if it goes on deep loses I know it will return back to where I started and close the trade without any profit or loses or little loses I just fear nothing with a live account.
@@simphiwezulu2841 if your getting anywhere near margin call you need to seriously re evaluate what your doing lol. Manage your risk risk only 1-3% on personal accounts and 0.5% on funded
His psychology is top class
Talk about that bro
If you got a 80% win rate, you should be living in a mansion driving a lambo
Making a few trades a month?
There is nothing that he should or should not. He makes 30k+ on some trades. He is a wise man to not flex with materials but invest it for the future. Anyways, he’s got a few nice rolexes as well... Quite nice for 80% isn’t it😉
@@lennsteendijk7854 I have to see live trades or I’m not fully buying it but kudos to him if this is legit
🚀🚀🚀
"It's as simple as that"
Hey Will, Please next time make a video about the trading books you read.
Aaaa now show me your strategy 😂
He says he has 20 trades tops in about 6 months. Makes no sense that gives advice about prop firms since we all know that with that amount of trades is impossible to recover an account that is in drawdown in a propfirm challenge. You can tell this guy has no actual experience in real markets.
Check my myfxbook🥰
Thats 3 trades average a month. If u have an average RR of 3 you’ll easily pass that challenge in a month with risking 2% per trade
Your thumbnail and video doesn't match man. Don't do clickbait stuff. We come here to watch your actual chart reading, profit/loss, if possible live trade. Do also please bare minimum video editing. Just because we love to watch your video doesn't mean you don't do basic video editing stuff. I hope you understand the constructive criticism.
Why would you expect live trading when the video is titled 'mistakes traders make'?
@@willssforex these people are so stupid 🤦
Bullseye. The last 90 seconds was straight gems
help us pass the prop chalenge please
You not ready for the prop if you need help passing it boss. Keep practicing on the live account or demo and take it serious follow a plan and track all your trades then take the challenge.