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

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  • Опубліковано 3 сер 2024
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  • Розваги

КОМЕНТАРІ • 157

  • @TraderNick
    @TraderNick  Рік тому +3

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

    • @_jlb_5253
      @_jlb_5253 Рік тому

      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?

  • @Kilo80Kilo
    @Kilo80Kilo 2 роки тому +3

    Thank you for your time and effort.

  • @AyodejiRaph.
    @AyodejiRaph. 2 роки тому +49

    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😂😂❤️

  • @freedomtrucker2332
    @freedomtrucker2332 2 роки тому +11

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

  • @darioc.1196
    @darioc.1196 Рік тому

    This is a great video, congratz!

  • @gregmorgan2917
    @gregmorgan2917 Рік тому

    Good video thank you Nick.

  • @VinylLondon
    @VinylLondon Рік тому

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

  • @oKrytex
    @oKrytex 2 роки тому +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 роки тому +1

    Amazing video with pure facts. Thanks Nick

  • @glenrichzuso9076
    @glenrichzuso9076 Рік тому +6

    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 !!!

  • @Worldhistory212
    @Worldhistory212 2 роки тому +3

    this is amazing mate, thank you

  • @bentpaz
    @bentpaz 2 роки тому +5

    This was pretty enlightening and helpful stuff

  • @richardcabalquinto5307
    @richardcabalquinto5307 Рік тому +1

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

  • @alikazwini7693
    @alikazwini7693 Рік тому

    Love you man !❤❤❤

  • @KiptooKurui
    @KiptooKurui Рік тому

    Thank you Nick

  • @ezrasitali7575
    @ezrasitali7575 Рік тому

    Thanks for the honesty, Nick. Really appreciate it!

  • @MAshfaqShaikh
    @MAshfaqShaikh 2 роки тому +1

    Very motivative 🎯

  • @savesome
    @savesome Рік тому

    I'm so much greatful watching your contents here.

  • @simpiwemaqwara2184
    @simpiwemaqwara2184 2 роки тому +4

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

  • @RabianOfficial
    @RabianOfficial 2 роки тому +4

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

  • @sisekomaci2930
    @sisekomaci2930 2 роки тому +1

    Good one

  • @antonioarcano7989
    @antonioarcano7989 Рік тому +2

    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 2 роки тому

    Thank you

  • @Darth_trillmatic
    @Darth_trillmatic 2 роки тому

    Dude you’re the man

  • @Rinkydink73274
    @Rinkydink73274 Рік тому

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

  • @ethan004
    @ethan004 Рік тому +3

    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.

  • @generationalfxwealth1844
    @generationalfxwealth1844 Рік тому

    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

  • @mikescarborough9196
    @mikescarborough9196 Рік тому +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.

  • @jeffreyng8953
    @jeffreyng8953 Рік тому

    Technical handbook. Thanks

  • @kathygarciac
    @kathygarciac 2 роки тому

    great video !!! i needed to hear this

  • @christinensp7652
    @christinensp7652 Рік тому

    Technical hand book. Tq

  • @omegabueno
    @omegabueno Рік тому +2

    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.

  • @timestrike5278
    @timestrike5278 2 роки тому +2

    Thank you nick❤️

  • @FXTRADERAJE
    @FXTRADERAJE 2 роки тому +6

    This is what I'm looking for

  • @timhansen1891
    @timhansen1891 2 роки тому +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.

  • @heybear7271
    @heybear7271 2 роки тому +2

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

    • @TraderNick
      @TraderNick  2 роки тому

      Happy to help. We keep it real here!

  • @Sullivynn
    @Sullivynn Рік тому +11

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

    • @manic7695
      @manic7695 Рік тому +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.

  • @phimratsurat3029
    @phimratsurat3029 Рік тому

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

  • @yahyahaidary9846
    @yahyahaidary9846 Рік тому

    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

  • @LuphumloMatrose
    @LuphumloMatrose Рік тому

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

  • @ijintraveler6140
    @ijintraveler6140 2 роки тому +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?

  • @phillipmuriithi94
    @phillipmuriithi94 Рік тому +2

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

  • @leandrogoethals6599
    @leandrogoethals6599 10 місяців тому

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

  • @openrizal
    @openrizal Рік тому

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

  • @atharvakunjir3537
    @atharvakunjir3537 5 місяців тому

    Technical hand book.

  • @youtubesnakeyes3595
    @youtubesnakeyes3595 2 роки тому

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

  • @JORDAN-yd7fi
    @JORDAN-yd7fi Рік тому

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

  • @izzamga
    @izzamga 2 роки тому +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 Рік тому +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

  • @Ramiromasters
    @Ramiromasters Рік тому +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.

  • @sheenamcguinness7718
    @sheenamcguinness7718 Рік тому

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

  • @LiLPAnCOoKie
    @LiLPAnCOoKie 2 роки тому

    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.

  • @congtoannguyen1940
    @congtoannguyen1940 Рік тому

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

  • @gibsonmabuza8307
    @gibsonmabuza8307 11 днів тому

    Tactical hand book

  • @atharvakunjir3537
    @atharvakunjir3537 5 місяців тому

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

  • @valentineanumba7289
    @valentineanumba7289 Рік тому +1

    Technical handbook

  • @PrdCurrencies
    @PrdCurrencies 3 місяці тому

    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!

  • @wellnesspathforme6236
    @wellnesspathforme6236 Рік тому +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!

  • @pedroteixeira1742
    @pedroteixeira1742 2 місяці тому

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

  • @Kane-ib5sn
    @Kane-ib5sn Рік тому

    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...

  • @Kaneki-sn3bf
    @Kaneki-sn3bf 2 роки тому +2

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

  • @LightBearerMedia
    @LightBearerMedia Рік тому

    Technical hand book

  • @clintonilobi1380
    @clintonilobi1380 Рік тому +1

    Technical analysis

  • @charmainejansen1718
    @charmainejansen1718 Рік тому

    Technical analysis Handbook

  • @sharonkamundi5908
    @sharonkamundi5908 Рік тому

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

    • @TraderNick
      @TraderNick  Рік тому

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

  • @upcomingfx_Trader
    @upcomingfx_Trader 2 роки тому +3

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

  • @thesocialartsclub9095
    @thesocialartsclub9095 Рік тому

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

  • @zygote5496
    @zygote5496 Рік тому

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

  • @josephchai94
    @josephchai94 2 роки тому +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

  • @olalekanoyadiran2292
    @olalekanoyadiran2292 Рік тому

    Technical analysis please

  • @AB-dy5yt
    @AB-dy5yt 2 роки тому

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

  • @damianu6514
    @damianu6514 2 роки тому +3

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

    • @mouradama7129
      @mouradama7129 2 роки тому

      How much did you risk per a trade?

    • @damianu6514
      @damianu6514 2 роки тому

      @@mouradama7129 0.01

    • @mouradama7129
      @mouradama7129 2 роки тому

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

    • @damianu6514
      @damianu6514 2 роки тому +1

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

    • @mouradama7129
      @mouradama7129 2 роки тому +1

      @@damianu6514 okay thanks man

  • @osaigbokanjonathanoze-igie5167
    @osaigbokanjonathanoze-igie5167 Місяць тому

    I need the Technical Handbook

  • @mohammeddawood3687
    @mohammeddawood3687 2 місяці тому

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

  • @nathp162
    @nathp162 2 роки тому

    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

  • @-drikoidgaf-792
    @-drikoidgaf-792 11 місяців тому

    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  11 місяців тому

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

  • @bayyareddy8994
    @bayyareddy8994 2 роки тому

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

  • @LiamJoseph42k
    @LiamJoseph42k Рік тому

    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

  • @joellaoginga523
    @joellaoginga523 Рік тому

    Technicalal handbook

  • @kwamewiafe-akenten2843
    @kwamewiafe-akenten2843 Рік тому

    Technical analysis; book

  • @shakirghazali2890
    @shakirghazali2890 11 місяців тому

    Use acc managment service

  • @faith_move_mountains894
    @faith_move_mountains894 2 роки тому +1

    It’s not loading 🥺

  • @ryandnewell
    @ryandnewell Рік тому

    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?

  • @4lexanderMA
    @4lexanderMA Рік тому +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 Рік тому

      That's why Trading is not for everyone.

  • @cheeweefoo4590
    @cheeweefoo4590 2 роки тому

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

  • @Kaneki-sn3bf
    @Kaneki-sn3bf 2 роки тому

    What is considered a small trading account?

    • @TraderNick
      @TraderNick  2 роки тому +1

      Under 10k in the US, in my opinion

  • @Kyle9381
    @Kyle9381 Рік тому

    How much money consider as small capital?

    • @TraderNick
      @TraderNick  Рік тому

      Less than 10k USD I would say

    • @Kyle9381
      @Kyle9381 Рік тому

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

  • @lopelinteria333
    @lopelinteria333 Рік тому

    I need a technical hand book

    • @joanajhon4446
      @joanajhon4446 Рік тому

      Technical analysis explained by martin pring.

  • @sanjibmondal7020
    @sanjibmondal7020 2 роки тому

    Ok

  • @Davewill0833
    @Davewill0833 11 місяців тому

    🎯

  • @ononiwuhenry8591
    @ononiwuhenry8591 2 роки тому +1

    Not available yet

  • @katlegomodiba6781
    @katlegomodiba6781 8 місяців тому

    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

  • @muhammadbaffa5276
    @muhammadbaffa5276 10 місяців тому

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

  • @davidvesseur
    @davidvesseur 2 роки тому

    You didn't mention anything about prop firms

    • @TraderNick
      @TraderNick  2 роки тому +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 роки тому

      @@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

  • @denzelkiptalam4150
    @denzelkiptalam4150 Рік тому +1

    Sponsor me for the gold membership for a month

  • @Nikoblickgaming
    @Nikoblickgaming 11 місяців тому

    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.

  • @rafaelvelez8858
    @rafaelvelez8858 Рік тому

    Can I please get the technical handbook for free

    • @TraderNick
      @TraderNick  Рік тому

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

  • @charmainpillay6135
    @charmainpillay6135 2 роки тому +1

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

    • @TraderNick
      @TraderNick  2 роки тому

      Message here: t.me/drew_a1trading/

    • @mci6308
      @mci6308 Рік тому

      @@TraderNick is not working bro

  • @FinalTouchSA
    @FinalTouchSA Рік тому +1

    I see no reason trading then

    • @TraderNick
      @TraderNick  Рік тому

      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

  • @aliciawhyle1884
    @aliciawhyle1884 Рік тому

    trade for me

  • @cheeweefoo4590
    @cheeweefoo4590 2 роки тому

    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