My Winning Forex Strategy *REVEALED* | How I Trade Forex Profitably ð
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Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
I think you are the most legit forex trader out there. No fancy watches and clothes, no expensive cars and women. Only trading forex and thats all. Thanks for info. Can you tell me please, 1% per month is achievable with any account ( 1 k or 1 millions dollars ) and can you tell me roughly whats is the risk for 1 % per month. Thanks.
Do you have your track record available via myfxbook to check out?
Hi Nick, I really want to do this but I don't have anybody around who does Forex and I really want learn and start trading but I don't want to go into what I don't have a working knowledge about so that's why I've not started, please can you teach me? I'm willing to learn. I'm currently in China.
Superb! BossðĪ
Did you reveal your broker statements with at least 1 years worth of trading history?
The Dr. Berg of trading?
Thanks boss
You know for what it's worth I appreciate your videos. The time, commitment, dedication to your course is really impressive, Nick.
Your the only one explained strategy clearly thanks
Too much information, couldn't even grasp one.
Light a Candle, make sure you have a plant.
You didnt reveal any strategy. Did you?
5% risk max 6% gain per month – 50% drawdown. Huge risk and yet low return, this makes no sense.. Looks like you are a complete novice ?
Thanks Nick. I will try it out and compare between this and Carl Richardson's which one gives more profit because with Carl's I make about five times whatever I invest and am sure not to loss all if prices drop.
Very interesting. I have been trading with my own money for four years. I have made and lost lots of money. This is my advice for what it's worth: 1. I don't use stop losses or profit limits- brokers use these against their own clients! Yes, retail brokers trade against their own clients, although they will never admit it. This because they owe money to their liquidity provider- these guys provide the funding for retail traders to play on the international markets. 2. Your total margin exposure should preferably not be more than 5% of the $ value of your account. 3.The $ value of your account should never be more than one third of the total $ value of your assets. 4. You should not let your drawdown go beyond one third of the $ value of your account. Beyond this point, drawdown tends to spiral out of control- especially with Donald Trump's trade war with China. 5.The margin of each trade should not be more than 1 to 2 % of the $ value of your account. 6. Your short term trend (5 min to 30 min chart) should always match your long term trend (daily- monthly chart). If your short term trend contradicts your long term trend, you could be exposed to a correction which could cost you money. Short term trends always correct to the long term trend eventually. Watch out! 7. Currencies can be divided into four classes: 1st Class (USD, GBP, EUR, CHF), 2nd class )CAD, AUD, NZD, 3rd class (SEK, NOK, DNK, SGD, HKD), 4th class (all the exotic currencies). NEVER go long on a lower class currency when paired with a higher class currency. The long position must always be with the higher class currency, and the short position with the lower class currency. If the currencies are from the same class, you can go long or short on either of the currencies. 8. Keep up to date with the latest politics and economics at all times. Use fundamentals first then technicals before making a decision to open a position. 9. NEVER open an account with an unlicenced broker- I have lost thousands of Dollars making this mistake. The broker should preferably be licenced with the FCA in London, the FSCA in South Africa, CySec in Cyprus, or the FSC in Australia. Avoid brokers who are licenced in the Carribean or Pacific islands. If you loose money through your broker, and they are licenced, you claim from the Authority's fidelity fund. 10. Trading is not for just anyone. Very few people have the analytical skills, and the mental discipline to be successful. I've been trading for four years and I still make mistakes. New traders should always have stable salaried employment, using trading as a secondary income. Good luck. Love your videos.
Ur video is helpful thanks
Your very charismatic but price movement on the fly doesn't have a plan so I would not bother trying to coinside your trading plan with the unknown.
Video starts at 2:27
Youâre so smart Thanks
Well done
Very interesting Nick,
Sorry for sharing but it surely has helped me a lot average $548 everyday and can help others too. Here's the website: PaidToBeHome .com
Hi nick just encountered your channel and I appreciate what you do. Im currently in the process of learning about forex my problem is that I work full time 9am – 6pm south African time Cat when will it be perfect for me to analyze and execute trades that won't interfere with my working hours? I don't want to fall Into the temptation of signal providers and I have made use of EA ended up blowing my accounts
Hi, thanks for sharing your plan
Maybe I misunderstood, but do you risk 5% of your account each trade , looking for a profit of max 6% a month? In that case just one stop loss takes your month profit away
The forex Market is a really challenging business., you must know the right technique, Strategy and have enough experience to your name to accutally make that money.
awesome !! new subs hereð
If any one here could use a risk to reward calculator found a great one here, shows you how the math works
https://2ndskiesforex.com/risk-of-ruin-calculator/
Hope this helps you all
Hi Nick, thanks a bunch for such an amazing presentation. It has gone a long way to boost my knowledge in Forex as a newbie. ð
Trading plan should fit onto business card
Very useful! New subscriber.
Thank you
GBP/USD.. Get in!!! Pounds in my pocket. Happy New Year
Eur/usd is making me a lot of money right now yâall should get on dat NOWð
What an excellent presentation…This material is Gold especially for Newbies like my self in Fx.
Thank you Nick! I learned a ton of Information!
You're awesome trader nick… Thank you ð