Hi Nick, you said you can trade like 24 pairs to make sure your trading isn't too slow. I don't understand how that works because what if like 4 pairs go in very deep drawdown that would 'blow the account'. You now lost all your money for all your pairs.
Serious announcement I am looking for a forex strategy that can help me earn 200 points per day or every two days. Reply to me ONLY IF YOU MEET MY REQUIREMENTS. FAKES WILL BE BLOCKED. Generous purchase of your strategy. Thanks a lot.
@@erikoomen6462 unless you really suck, not all trades should require drawdown or significant drawdown. Most will either return a profit on first go, return a breakeven, return a small profit or loss or return a large loss. It should all balance out.
Hi Nick I started to trade like you teach others and I am really impressed! I started with $500 on 26.08.24 now I am up 60% within 6 weeks on this small account Maximum drawdown for now is 15% Risk per trade I have 0.02 lots for first 3 trades and then 0.04 lots for next 3 trades. If all trades won't be successful I am closing all at $100 loss 20% of the account and start again.But since I started that never happened. Your strategy really is AMAZING ! If I will double my account with low drawdown let's say 20% you could theoretically increase your risk 4x times and make $2000 of your $500! If you are lucky and can do that 3 times in a row from small $500 is a chance to do at least $20k!!! Of course $500 account is my stop loss and I have 9 more accounts to let me still keep trading if you won't have a luck! I want to say THANK YOU NICK SO MUCH!
Patryk, good results man. Thanks for sharing. I will say that I think for a $500 balance, the trades should be sized much lower. Your results were good this time, likely due to a win streak, but this type of sizing can quickly blow an account on a losing streak of multiple trades all having back to back DCA/recovery entries multiple times in a row. Any account $2,000 or under should be sized around 0.01 lots per entry, in my opinion, to significantly lower the probability of blowing an account on a trading opportunity where you have 5, 6, 7, 8, 9, 10 recovery trades or more, trying to get out of a trade that has consistently gone against you for awhile without reversions. The returns are lower with this type of position sizing, because you are likely to have fewer blown accounts, which paradoxically means that your total returns on capital are likely to be higher. Closing anytime your $500 account hits $100 loss is a good way of controlling risk, but this will likely needlessly cap your upside, and is comparable to effectively just trading a $100 account with high leverage, risking the entire account per trading opportunity. In my experience, it just doesn't work well, when a trade comes along that requires multiple DCA entries to profit from the reversion, when it finally occurs. Hope this helps, man! Happy you're making good progress. Hope to see you in MFXNT, if you're not already in there :) - missionfxtrading.com/nickstrades
@@NickShawnFXNick you’re the man ! Thanks for sharing this knowledge. I’ve been profitable ever since and ditched all these trading mumbo jumbo strategies. Like you always preach “follow your intuition”. Amazing stuff man thank you for giving me hope in this journey!!!
I’ve been a strong advocate of trading, as it has yielded significant returns since I first ventured into it. Over the past year, I've seen my net worth grow exponentially. Great clip Shawn.
It’s far from luck to be honest. I had to learn the hard way. I started trading using just speculation and lost huge sums twice. I know that learning the ins and outs of the market isn't for everyone, and that's why personally, Jonas Herman oversees my trades in ways that have me good returns of over $41k in roi.
I’ve been trying to trade for many years with demo account and what ever I tried it never worked. Now I’ve been trying this approach and I can tell that I think I’m finally ready to go on with live account! I’m thankful beyond words to you man!!!
Hey nick ive watched you a long time and have never commented but am gonna today because i feel that you need to know that you are a heck of a good dude you are always giving and trying to help everone and ask for absolutely nothing in return it takes a special person to do that so thank you for all you give to everone and i hope you receive many blessings in your lifes journey.Thank you so much pal i wish there were alot more people like you this world would be a better place but unfortunately its just filled with to much greed.
Excellent! Feeling buIlish! I really do have a question. As a beginner interested in trading. How would you recommend we enter into trading ? I will greatly appreciate any suggestions
I would suggest to reach out to Mavis. What impresses me most about Mavis is how well she accumulate profit for client's and explains basic concept of winning before actually trading for you. And letting you use her trade signals. And she will also teach you how to trade as she trade for you, and let you know when to enter and exit trade for maximum profit as she trade for you. This goes a long way to ensure winning trades.
I’ve been struggling for months in this market, trying different strategies, but I keep losing money by selling off during dips. It’s really messing with my mindset, and I’m afraid to hold anything right now. What kind of trading plan can I use to avoid losses? How are you guys still making money? I’m down 55k this week, and it’s so overwhelming 😢😭.
I'm not sure which market you're referencing, but time is on your side. Hold until you're in profit, and consider a stop-loss plan of up to 10% for swing trading. It took me four years to realize that chart predictions are futile; you never know what will happen. Those years were tough without a mentor. Now, I keep things simple and disciplined, averaging $47k per week with minimal trading. I'm especially grateful to Ryan Brooks for his insightful 1-on-1 sessions, which have deepened my understanding of market dynamics and eased my trading fears.
@@morozovaa . I appreciate this recommendation and hope that by hearing about it I can gain some insights into the direction of the market and strategies to combat the downtrend.
After trying almost everything (and losing in the long term), I have reached the same conclusion as you. This is what works for me too. Strange thing is that It did not even feel like I found something because I had the belief that I was looking for "something". I also need to add that majority of the people will still lose money even if we print out and give them instructions to follow and tell them they will make X% in a month. Freedom, boredom, and greed are some of the concepts people need to familiarize themselves with to have sustainable growth in this industry. Similarly, people say they want to lose weight but most do not eat the instructed meals. The point is many people know what to do to achieve something but they simply do not for various reasons.
I’ve been watching Nick’s videos for almost four years now, and although I don’t actively trade anymore, I still enjoy his content and trading style. He keeps things simple and, most importantly, remains transparent with his viewers, as he has throughout the time I’ve followed him. It’s frustrating to see genuine traders like Nick, who provide valuable and realistic content, being overshadowed by so-called ‘forex gurus’ who sell unrealistic dreams (which is 99% of content creators). These glorified scammers only aim to profit off vulnerable and inexperienced people. Nick’s content is truly a breath of fresh air.
You know, I really appreciate you pointing this out. It means a lot to me, since I go out of my way to show all the ups and downs, even though it's to my detriment, and results in a lot of negativity for telling the truth. I feel like your sentiment reflects the silent majority of people who understand this is the case, the type of people who see a YT trading video title about flipping ten dollars into a million dollars in a week, and cringe. Thanks for writing the comment. Means a lot to me.
@@NickShawnFXhey man, the negativity is more of a good thing. “I’m a crappy UA-camr, and one of my videos sucked so bad, the negative comments gave my vid to the algorithm, and I blew up”. -stolen comment from another creator. On a real note, when you don’t be honest and include your losses and bad days, people will roast you for hiding. So stay you nick! You killing it in our field! I hope to be like you one day 🙏🫡💰
You're not insane. Too many times, i have to "MGT" a trade. Then my original entry now becomes my TP! ..YES it takes exsprience. Yes it takes knowledge of market structure. Yes it take great patience. Yes you can win with this seemingly crazy method 😉 🎉
2018 is when i found your ad on facebook giving us that free training video before we had to pay for the other video. That video is what made me get into trading; the way you explained it so simple.
Nick correct me if I'm wrong but when you add a new position and keep the loosing position running and then you close them both you are still closing a loosing position anyway so at least close it as fast as you can so you avoid swipe fees. It looks like stop loss is the old solution that works
Hey Nick great video. Do you place trades directly on tradingview. I ask cause I'm struggling inputting the position size (correct lot size) I want to use when placing trades directly on tradingview. Can you offer any insight into this please?
hello sir first of all tnx for your great content i have a question that when you say add to your losing trade , how we should calculate our lot size based on our account size? what is the fourmula should we use when we want open a trade cuz there is no SL so how we should choose our lot size?
Best thing anyone can do with this info is to make sure they start to try new things cause they could profit greatly from it for example the market but then again it isn’t that easy. Could anyone drop pointer to help out
Well Honestly I would advice you the trading market is constantly evolving with new features, trading opportunities, financial swings with sudden surprises around every corner. The best thing is to stay in shape and don’t let anything catch you on the wrong foot
On my end I stopped listening and taking financial advise from these UA-camrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, In reality, all I needed was guidance from an expert who truly understood the market.
I will like to ask, How did you achieve it? I been trying to stick with index funds. I feel this new interest rates hikes could crash this economy. I'm looking out for a better investing strategy, I have a lump sum that inflation is steady eating up.
I don't comfortably throw recommendations around on the internet, but I've been working with Nancy Magaret Delony. God ! she's brilliant! I'm sure there are others who are good.
Her technical analysis is excellent and hid interpretation/projections of the market is so accurate I sometimes ask myself if she is human haha. Point is, Stacey is the perfect trader to follow for advise and daily signals.
Hi Nick, Awesome video as always. I just wanted to ask what monitor you use? I am looking to get a new setup and keen to know what you use:) Keep up the great work! Thanks bro!
Sir I want you to back test plotting higher time frame, key zones and key levels with your skills you will become more profitable, I guarantee you, just try it u have nothing to lose
Can u do a video on the difference between wat u do now dca vs hedging plz as I’ve been watching u on and off over time but u seemed convinced that hedge was a win and now the switch so just interested in wat changed? Thanx for keeping it KISS and honest
Been trading this way for awhile. Its what im haging my hat on . Great to see someone else saying cost average. All i do is do 10% units then 15% units so on. Daily and hourly just getting in off pull backs and generally trywinnerslet winners run with the psycological thought that pullbacks are like 30 pips once in or just watching structure. Your exactly right just flip a coin if you dont know lol. All these years and now we just do this. Crazy how easy it is.
At what stage do you cut your losses. For example USDCAD right now, if it doesn’t reverse, you just keep adding new positions at your chosen levels? Do you have a level at which you decide to close?
In trading, possessing technical analysis skills is not sufficient on its own; discipline and emotional maturity play crucial roles in achieving success. Embracing the mindset of "time in the market vs. timing the market" proves valuable, especially during market fluctuations. I attribute my growing daily earnings to Milton Harper valuable insights and daily trade signals, coupled with my commitment to continuous learning. Kudos to the journey ahead!
Milton's analyses delve deeper than surface-level trends, encompassing technical, fundamental, and sentiment analysis to offer a comprehensive view of the market.
Yes, I am still watching... thank you for sharing, it is very interesting. One question, if you have the time to answer. Your example of having 10K with 5 accounts.... Do you have more than 1 trade going on at a time? I was under the impression you buy or sell, and if it goes against you buy again at support or wherever you think it will reverse, since the strategy is not mechanical, like you have to buy here and sell there. How can you have more than 1 trade at a time? or do you just have one trade at a time. Thanks
I use a similar trading strategy. However, I use a martingale hedging strategy to manage risk. The profits are smaller than if you don't hedge the losing trade and double down on the next trade but the drawdown is significantly lower.
Every account I've ever blown with this strategy, there was always a point where the market gave me enough profits to getout. I just didn't. Because I thought there was more money to be made There wasn't 😂
Its worth picking a pair with positive swap so you can collect interest. I would also consider setting the grid up around round numbers. I prefer to trade like this with stocks and crypto where l can spot trade and only go long, that way you will never get a margin call.
The last 10 trades using the DCA strategy haven't worked out in my favor. It's not that I've incurred losses, but rather my profits have been minimal since I haven't experienced a drawdown. I suppose it's a good problem to have!
Question does your AR15 actually shoot those Gel pellets? Mine shoots like 1 every 4-5 pulls of trigger. I have to turn it upside down to actually work right.
serious question Nick, is it worth me joining your paid members section to trade with a 5k account. can you give me a rough idea aproximately of what sort of return i might roughly possibly be able to achieve? is it likely to exceed the 250 fee????
Maybe. It would depend on the month. Some months you'd likely make more than the fee, some months you could make less, and even lose money. I think it's a matter of how you'd approach it. If your goal is to outright copy my trades, it might not completely be worth it, as making $250 per month on 5K of capital cannot be guaranteed or even insinuated to be likely. However, if you're joining MFXNT with the goal of seeing how I personally manage everything (entries, management decisions, DCA's, exits), so that you can learn how to trade for yourself - then yeah, MFXNT would probably be a good option to help you get profitable. If you end up joining MFXNT, and are trading with 5K, I'd say to use position sizing of no more than 0.02 lots per entry - this will keep the risk low enough that you'll be unlikely to blow the account in most cases, and more likely to make any amount of profit in most cases. Hope this helps, friend :) Link to check out MFXNT - missionfxtrading.com/nickstrades
Hey man two questions: Q1 - what kind of leverage are we looking at here? None? As low as possible? Q2: can we tweak and refine this strategy to make it work within the norms of prop firm industry? Since so many ppl don't have so much capital to work with which can actually sustain their living. Thank you
What broker do you use to trade? In the subscription does that include all the info on what platforms you trade on etc? Hypothetically speaking how much could one earn from $500 at the minimum trade size over one month?
Better to have set percentage take loss number like 2 or 3 percent of account. What matters is how your last trades run the longer in profit the better! I know of a few traders who trade like you do this using more technical analyst but average down and seem to be profitable.
Hi Nick, I have been trying to be profitable for many many years. Lets say more than 10 and never quite found profitability. I have joined si many courses and seen countless videos and followed many different types of strategies to only come out with a big ZERO. I am begining to realised after watching you trade for the past few months and seen your videos and backtesting numerous times that I am beginning to feel that after all the courses and strategies, that I have been lied to. Yours seem to be the only thing that makes sense to me now. So a massive thank you. I demo traded your staregy and in 3 weeks have increased my account by 10percent. Still on training wheels but feeling more confident in my ability to be profitable. So thanks again. One question I have, do you journal your trades?
People call it adding to losses but buying pullbacks is literally buying something going the wrong way lol. It's all relative. I use this exact strategy but i only trade micro es in a combine. I'm still kinda new so combine us helping that learning on a budget.
@Nick.Shawn.W.A Suspected scammer. Not the same person as youtuber name is NickShawnFX who has 179K subscribers. But I check Nick.Shawn.W.A only has one subscriber. Not the same guy. Scammer alert.
Patience is also a thing to master if you do this on a daily timeframe, What would you think doing that type of trading using 5 min or 15 min time frame in a scalping way. besides that capital is key in that strategy the more margin you have to work with the more chance you have to get out at be or profit.
I do a similar strategy on MNQ futures using micros , I'm a mod on the Stock Sniper Trading channel and we just focus on price action trading level to level/zone to zone , but how I manage my positions gives me a very high win rate in particular because I can move my position around the board and with high volume of trades because we just trade bounces zone to zone the ticks add up and compound fast, I personally also like to use emas for the mean reversion aspects , like when we are extended from the moving averages AND also coming into a major support/resistance zone for extra confluence , there is a lot of free content on their youtube channel and they mainly like to scalp the 5m.
I was in your discord back in jan and you used to add to your winning trades all the time??? although i really agree with you on this video i do it all the time with crypto and a few more "rules" still havent gotten the hang of it properly but im on my way
Yeah i added to my losing trade as well... So basically i had my short open for 30 days and the hourly candle that liquidated me was the highest candle... After that i wouldve been in profit... Crazy world we live in it feels very manipulated
Every single loss I’ve taken in the last year, would have been profitable if I added to it or even just held until it came back to break even. My first year trading, that wasn’t the case. My trades were so random. Looking back at them cracks me up
i am not tryed to trade against the market. but logically it is possible. sometime just right choose. price come back often but not always. it is like months consolidated, it can work if wait.
hello, i have a question about how to manage trade during recession. I've been trading this strategy actually myself for last 6 months and grew small acc in 550 eur profit and then i came across your video :). But when i started backtesting with tradingview during 2008 and 2015 it would blow my account if i didn't take a loss at some point. I'm trading 4h, could you maybe do a video about how to manage these trades because you know they been saying now that recession is coming and you never know when you can be on the wrong side of the market. I've also been thinking to trade let's say buy for CHF that does well in recession but that would only be buys for this pair so you limit you gains or days where you can trade at all. Any suggestions? good video btw.
Can you use this to scalp in futures? Im trying to figure out the "lot size" RR and convert it to futures contracts. Ive been practicing in a paper account and it seems to be working. Scalping seems like a riskier way than your method, which seems more like swinging, but the concepts should work the same.
Sir,My strategy is the same as urs but I don't give too much attention to level instead I give imp to direction.also ur strategy works in ur mkt not in Indian mkt on expiry day of options unless mkt goes in ur direction within time.otherwise ur account gets zero.
Just to give newbies a heads up, you have to have enough in your account to swing trade. Small accounts, with many brokers, won't allow holding positions overnight.
I got good at “click click”. That pew pew nature leaked into trading! Second nature, don’t even think about my Strat like it science. It just flows like riding my motorcycle 👌💵👊
Nick you almost never talk a prop firm accounts or giving us some tips about which account should we buy. 10k,25k,100k, or 200k plus positions lot sizing. Thank you Nick you’re the man and soon I’ll joining in your discord.
I think he has a video on prop firms. There are pros and cons. One of the cons is people having issues getting paid out. Also needless trading rules sometimes you have to follow. Such as the firm only allowing a certain arbitrary drawdown before they make you close for a loss. But for people with very little capital, a prop firm is a good way to get access to more capital trading for an average person.
@@reallyshel thanks brother. You know i wanna buy a 100k challenge i was thinking if I should join the discord of nick to pass the firm any tip which frim is the best. I was thinking funded next had them before and never had an issue with them
@@AmiinNur-x1b That's awesome man. I'm looking into a prop firm FTMO. It's a popular one and my cousin passed his challenge for a 50k account. It's like 500usd to participate. Not horrible. Good luck to ya bro!
Been doing this almost for 2 weeks, all I want is being wrong on predict where there price will reverse. DCA changed the way I trade. Shawn is right, it's sexier than *orn
Sir what if u entry only once.. Then if the price is against your trade and decide to add trade.. U close your 1st trade then put stop order in the middle of your entry and your next entry..?
I think all you need is an expert assigned by a brokerage company that will trade for you and handle your capital professionally and give you weekly returns of investment without any extra fees attached😊😊
Seeing a remark regarding my manager Anna Rodriguez is quite energizing. It was just like this when I first met her a few weeks ago. Having started with just 4k about 2-3 weeks ago, I have already made it to 21 k. She is very remarkable!
Goodness gracious I'm so excited seeing Ms. Anna Rodriguez been mentioned here also. Didn't know she has been good to other people too, this is wonderful because I also started with a UA-cam referral like this
Free Telegram gang wya? t.me/+TDVdM80j9lGfaWiP
Hi Nick, you said you can trade like 24 pairs to make sure your trading isn't too slow. I don't understand how that works because what if like 4 pairs go in very deep drawdown that would 'blow the account'. You now lost all your money for all your pairs.
Serious announcement
I am looking for a forex strategy that can help me earn 200 points per day or every two days.
Reply to me ONLY IF YOU MEET MY REQUIREMENTS. FAKES WILL BE BLOCKED.
Generous purchase of your strategy.
Thanks a lot.
Agree erik. You wouldn't want to be hedging the market on too many trades at once. Big headache!
@@erikoomen6462 unless you really suck, not all trades should require drawdown or significant drawdown. Most will either return a profit on first go, return a breakeven, return a small profit or loss or return a large loss. It should all balance out.
Hi Nick I started to trade like you teach others and I am really impressed! I started with $500 on 26.08.24 now I am up 60% within 6 weeks on this small account Maximum drawdown for now is 15% Risk per trade I have 0.02 lots for first 3 trades and then 0.04 lots for next 3 trades. If all trades won't be successful I am closing all at $100 loss 20% of the account and start again.But since I started that never happened. Your strategy really is AMAZING ! If I will double my account with low drawdown let's say 20% you could theoretically increase your risk 4x times and make $2000 of your $500! If you are lucky and can do that 3 times in a row from small $500 is a chance to do at least $20k!!! Of course $500 account is my stop loss and I have 9 more accounts to let me still keep trading if you won't have a luck! I want to say THANK YOU NICK SO MUCH!
Patryk, good results man. Thanks for sharing.
I will say that I think for a $500 balance, the trades should be sized much lower. Your results were good this time, likely due to a win streak, but this type of sizing can quickly blow an account on a losing streak of multiple trades all having back to back DCA/recovery entries multiple times in a row.
Any account $2,000 or under should be sized around 0.01 lots per entry, in my opinion, to significantly lower the probability of blowing an account on a trading opportunity where you have 5, 6, 7, 8, 9, 10 recovery trades or more, trying to get out of a trade that has consistently gone against you for awhile without reversions. The returns are lower with this type of position sizing, because you are likely to have fewer blown accounts, which paradoxically means that your total returns on capital are likely to be higher.
Closing anytime your $500 account hits $100 loss is a good way of controlling risk, but this will likely needlessly cap your upside, and is comparable to effectively just trading a $100 account with high leverage, risking the entire account per trading opportunity. In my experience, it just doesn't work well, when a trade comes along that requires multiple DCA entries to profit from the reversion, when it finally occurs.
Hope this helps, man! Happy you're making good progress.
Hope to see you in MFXNT, if you're not already in there :) - missionfxtrading.com/nickstrades
@@NickShawnFXNick you’re the man ! Thanks for sharing this knowledge. I’ve been profitable ever since and ditched all these trading mumbo jumbo strategies. Like you always preach “follow your intuition”. Amazing stuff man thank you for giving me hope in this journey!!!
but do you use different trades on the Accounts if you trade them at the same time?
Hola patryk, i am curious - 'I have 9 more accounts to let me still keep trading....'
@@OldManPaxusYT Hi all the same will lose 500 I open another one
I’ve been a strong advocate of trading, as it has yielded significant returns since I first ventured into it. Over the past year, I've seen my net worth grow exponentially. Great clip Shawn.
I've tried and tried but barely making any progress. Not everyone is as lucky as you are you know. How are you able to do it?
It’s far from luck to be honest. I had to learn the hard way. I started trading using just speculation and lost huge sums twice. I know that learning the ins and outs of the market isn't for everyone, and that's why personally, Jonas Herman oversees my trades in ways that have me good returns of over $41k in roi.
That's your view. In my experience, there is no such formula, it is nearly impossible to achieve success with trading. It’s all just gambling.
I'm just starting out trading but everything sure looks complicated. Is he accepting new clients? I don't want to lose money.
Hermanw jonas that’s his gmail okay
I’ve been trying to trade for many years with demo account and what ever I tried it never worked. Now I’ve been trying this approach and I can tell that I think I’m finally ready to go on with live account! I’m thankful beyond words to you man!!!
Hey nick ive watched you a long time and have never commented but am gonna today because i feel that you need to know that you are a heck of a good dude you are always giving and trying to help everone and ask for absolutely nothing in return it takes a special person to do that so thank you for all you give to everone and i hope you receive many blessings in your lifes journey.Thank you so much pal i wish there were alot more people like you this world would be a better place but unfortunately its just filled with to much greed.
The beard is crazy I’ve been here for that long ! Wtf😂
Excellent! Feeling buIlish! I really do have a question. As a beginner interested in trading. How would you recommend we enter into trading ? I will greatly appreciate any suggestions
I would suggest to reach out to Mavis. What impresses me most about Mavis is how well she accumulate profit for client's and explains basic concept of winning before actually trading for you. And letting you use her trade signals. And she will also teach you how to trade as she trade for you, and let you know when to enter and exit trade for maximum profit as she trade for you. This goes a long way to ensure winning trades.
How would beginners like me contact Mavis. I'm really interested to reach out to her so I can build wealth through trading.
She mostly communicate to client's faster on Telegrams, using the user name
*Mavis131 that is her user-name*
I’ve been struggling for months in this market, trying different strategies, but I keep losing money by selling off during dips. It’s really messing with my mindset, and I’m afraid to hold anything right now. What kind of trading plan can I use to avoid losses? How are you guys still making money? I’m down 55k this week, and it’s so overwhelming 😢😭.
I'm not sure which market you're referencing, but time is on your side. Hold until you're in profit, and consider a stop-loss plan of up to 10% for swing trading. It took me four years to realize that chart predictions are futile; you never know what will happen. Those years were tough without a mentor. Now, I keep things simple and disciplined, averaging $47k per week with minimal trading. I'm especially grateful to Ryan Brooks for his insightful 1-on-1 sessions, which have deepened my understanding of market dynamics and eased my trading fears.
@@morozovaa I've heard a lot about Ryan, but no one shares his details. please can youshare?
He is still active on Telegram
@RyanBrooksFA :That's his Handle!
@@morozovaa . I appreciate this recommendation and hope that by hearing about it I can gain some insights into the direction of the market and strategies to combat the downtrend.
After trying almost everything (and losing in the long term), I have reached the same conclusion as you. This is what works for me too. Strange thing is that It did not even feel like I found something because I had the belief that I was looking for "something".
I also need to add that majority of the people will still lose money even if we print out and give them instructions to follow and tell them they will make X% in a month. Freedom, boredom, and greed are some of the concepts people need to familiarize themselves with to have sustainable growth in this industry. Similarly, people say they want to lose weight but most do not eat the instructed meals. The point is many people know what to do to achieve something but they simply do not for various reasons.
I’ve been watching Nick’s videos for almost four years now, and although I don’t actively trade anymore, I still enjoy his content and trading style. He keeps things simple and, most importantly, remains transparent with his viewers, as he has throughout the time I’ve followed him. It’s frustrating to see genuine traders like Nick, who provide valuable and realistic content, being overshadowed by so-called ‘forex gurus’ who sell unrealistic dreams (which is 99% of content creators). These glorified scammers only aim to profit off vulnerable and inexperienced people. Nick’s content is truly a breath of fresh air.
You know, I really appreciate you pointing this out. It means a lot to me, since I go out of my way to show all the ups and downs, even though it's to my detriment, and results in a lot of negativity for telling the truth.
I feel like your sentiment reflects the silent majority of people who understand this is the case, the type of people who see a YT trading video title about flipping ten dollars into a million dollars in a week, and cringe.
Thanks for writing the comment. Means a lot to me.
@@NickShawnFXhey man, the negativity is more of a good thing. “I’m a crappy UA-camr, and one of my videos sucked so bad, the negative comments gave my vid to the algorithm, and I blew up”. -stolen comment from another creator.
On a real note, when you don’t be honest and include your losses and bad days, people will roast you for hiding. So stay you nick! You killing it in our field! I hope to be like you one day 🙏🫡💰
agreed. i watch him when i work in food delivery. like a radio sometimes. i like him for sure.
Lost all your money trading huh?
You're not insane. Too many times, i have to "MGT" a trade. Then my original entry now becomes my TP! ..YES it takes exsprience. Yes it takes knowledge of market structure. Yes it take great patience. Yes you can win with this seemingly crazy method 😉 🎉
2018 is when i found your ad on facebook giving us that free training video before we had to pay for the other video. That video is what made me get into trading; the way you explained it so simple.
Nick correct me if I'm wrong but when you add a new position and keep the loosing position running and then you close them both you are still closing a loosing position anyway so at least close it as fast as you can so you avoid swipe fees. It looks like stop loss is the old solution that works
Hey Nick great video. Do you place trades directly on tradingview. I ask cause I'm struggling inputting the position size (correct lot size) I want to use when placing trades directly on tradingview. Can you offer any insight into this please?
I've found out why I'm getting my position sizing confused. It's because I'm with Oanda and instead of lot sizes. You place trades on in units.
hello sir first of all tnx for your great content i have a question that when you say add to your losing trade , how we should calculate our lot size based on our account size? what is the fourmula should we use when we want open a trade cuz there is no SL so how we should choose our lot size?
0.01 lot size for 1000 or 2000 usd account
Best thing anyone can do with this info is to make sure they start to try new things cause they could profit greatly from it for example the market but then again it isn’t that easy. Could anyone drop pointer to help out
Well Honestly I would advice you the trading market is constantly evolving with new features, trading opportunities, financial swings with sudden surprises around every corner. The best thing is to stay in shape and don’t let anything catch you on the wrong foot
On my end I stopped listening and taking financial advise from these UA-camrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, In reality, all I needed was guidance from an expert who truly understood the market.
I will like to ask, How did you achieve it? I been trying to stick with index funds. I feel this new interest rates hikes could crash this economy. I'm looking out for a better investing strategy, I have a lump sum that inflation is steady eating up.
I don't comfortably throw recommendations around on the internet, but I've been working with Nancy Magaret Delony. God ! she's brilliant! I'm sure there are others who are good.
thanks for putting this out, it has truly rekindled the fire to my goal...
i like this guy have been watching you for a while trading really needs nothing but just see it move and we go with what we know.
Great video, I want to start Trading but need guidance. Any advice or recommendations for Mentorship?
Stacey Macken expertise is truly commendable. She has this skill of making complex trading concepts easy to understand
Sincerely speaking. I will continue to trade and stick to Stacey Macken daily signals and guides as long as it works well for me.
Her technical analysis is excellent and hid interpretation/projections of the market is so accurate I sometimes ask myself if she is human haha. Point is, Stacey is the perfect trader to follow for advise and daily signals.
How would beginners like me contact her. I'm really interested to reach out to her
Stacey Macken
Hi Nick,
Awesome video as always. I just wanted to ask what monitor you use? I am looking to get a new setup and keen to know what you use:) Keep up the great work! Thanks bro!
by using 4h , dayly,weekly, u set limit orders at the S/R for ur positions? or u sit like a freak day in and day out monitoring :D?
love your content bro! noticed your tourette aren't triggering as much now, and you are talking very fluent to the camera.
Good thing about Nick is he tells it as it is. and the strategy he just shared is what happens in the market.
Crazy beard, but good and informative video. "Zombie apocalypse" remark had me ROFL.
Hey Nick, love your content! How do you calculate position size/split per line of the grid?
Sir I want you to back test plotting higher time frame, key zones and key levels with your skills you will become more profitable, I guarantee you, just try it u have nothing to lose
Can u do a video on the difference between wat u do now dca vs hedging plz as I’ve been watching u on and off over time but u seemed convinced that hedge was a win and now the switch so just interested in wat changed? Thanx for keeping it KISS and honest
What time frame do you trade on? Could this work if you are trading a combine account and have to close contracts by end of day?
Been trading this way for awhile. Its what im haging my hat on . Great to see someone else saying cost average. All i do is do 10% units then 15% units so on. Daily and hourly just getting in off pull backs and generally trywinnerslet winners run with the psycological thought that pullbacks are like 30 pips once in or just watching structure. Your exactly right just flip a coin if you dont know lol. All these years and now we just do this. Crazy how easy it is.
At what stage do you cut your losses. For example USDCAD right now, if it doesn’t reverse, you just keep adding new positions at your chosen levels? Do you have a level at which you decide to close?
In trading, possessing technical analysis skills is not sufficient on its own; discipline and emotional maturity play crucial roles in achieving success. Embracing the mindset of "time in the market vs. timing the market" proves valuable, especially during market fluctuations. I attribute my growing daily earnings to Milton Harper valuable insights and daily trade signals, coupled with my commitment to continuous learning. Kudos to the journey ahead!
He mostly interacts on Telegrams, using the user-name,
@MiltonHarper
Nice info, i appreciate your concern this will help a lot especially to the young investors who have no or lesser knowledge on how the market works.
Milton's analyses delve deeper than surface-level trends, encompassing technical, fundamental, and sentiment analysis to offer a comprehensive view of the market.
Best signal provider in the market. Knowledgeable, level headed no loss like some other traders who recently jumped on the bandwagon.
I'm all in on Versidium. Presales have the highest returns, and this one’s gold.
Broo this video is fire Effortlessly funny too. Only a few people can can make you laugh while giving you free game! Thank you!🔥🔥
The impossible happens from time to time. Try everything and find what works for you
Yes, I am still watching... thank you for sharing, it is very interesting. One question, if you have the time to answer. Your example of having 10K with 5 accounts.... Do you have more than 1 trade going on at a time? I was under the impression you buy or sell, and if it goes against you buy again at support or wherever you think it will reverse, since the strategy is not mechanical, like you have to buy here and sell there. How can you have more than 1 trade at a time? or do you just have one trade at a time. Thanks
The way I trade ,is trend breakouts ,it's my main thing ,but overall I do whatever ,it's experience ,everything works for everyone different
My question is, when do you take the loss? Or do you keep adding until you blow up the small account and start over?
Excellent video, do you think compounding is still valid to grow accounts?
Considering the high risk involved, is it worthwhile to achieve only a 10 to 20% return?
I use a similar trading strategy. However, I use a martingale hedging strategy to manage risk. The profits are smaller than if you don't hedge the losing trade and double down on the next trade but the drawdown is significantly lower.
I watch all the video, thanks for sharing your experience !
Its not about never blowing the account, its about maximizing your profits before it blows.
Every account I've ever blown with this strategy, there was always a point where the market gave me enough profits to getout.
I just didn't. Because I thought there was more money to be made
There wasn't 😂
Its worth picking a pair with positive swap so you can collect interest. I would also consider setting the grid up around round numbers. I prefer to trade like this with stocks and crypto where l can spot trade and only go long, that way you will never get a margin call.
The last 10 trades using the DCA strategy haven't worked out in my favor. It's not that I've incurred losses, but rather my profits have been minimal since I haven't experienced a drawdown. I suppose it's a good problem to have!
Question does your AR15 actually shoot those Gel pellets? Mine shoots like 1 every 4-5 pulls of trigger. I have to turn it upside down to actually work right.
Shifting my portfolio - heavy on BTC and Versidium, with a sprinkle of DOT and ADA.
serious question Nick, is it worth me joining your paid members section to trade with a 5k account.
can you give me a rough idea aproximately of what sort of return i might roughly possibly be able to achieve? is it likely to exceed the 250 fee????
Maybe. It would depend on the month. Some months you'd likely make more than the fee, some months you could make less, and even lose money.
I think it's a matter of how you'd approach it. If your goal is to outright copy my trades, it might not completely be worth it, as making $250 per month on 5K of capital cannot be guaranteed or even insinuated to be likely.
However, if you're joining MFXNT with the goal of seeing how I personally manage everything (entries, management decisions, DCA's, exits), so that you can learn how to trade for yourself - then yeah, MFXNT would probably be a good option to help you get profitable.
If you end up joining MFXNT, and are trading with 5K, I'd say to use position sizing of no more than 0.02 lots per entry - this will keep the risk low enough that you'll be unlikely to blow the account in most cases, and more likely to make any amount of profit in most cases.
Hope this helps, friend :) Link to check out MFXNT - missionfxtrading.com/nickstrades
"Keep practicing and succeed, so that one day i can meet bro Nick." so say thank you, amen!
Hey man two questions:
Q1 - what kind of leverage are we looking at here? None? As low as possible?
Q2: can we tweak and refine this strategy to make it work within the norms of prop firm industry? Since so many ppl don't have so much capital to work with which can actually sustain their living.
Thank you
@OfficiaNick-Shawn lol you spammers again..
What broker do you use to trade? In the subscription does that include all the info on what platforms you trade on etc? Hypothetically speaking how much could one earn from $500 at the minimum trade size over one month?
Better to have set percentage take loss number like 2 or 3 percent of account. What matters is how your last trades run the longer in profit the better! I know of a few traders who trade like you do this using more technical analyst but average down and seem to be profitable.
Do these trades stay active with no stop loss or just keep losing until the new trades recover/break even with them?
Nick, What time frame do you typically trade? On some videos I see 4 hour and others a Daily?
both
Hi Nick, I have been trying to be profitable for many many years. Lets say more than 10 and never quite found profitability. I have joined si many courses and seen countless videos and followed many different types of strategies to only come out with a big ZERO. I am begining to realised after watching you trade for the past few months and seen your videos and backtesting numerous times that I am beginning to feel that after all the courses and strategies, that I have been lied to. Yours seem to be the only thing that makes sense to me now. So a massive thank you. I demo traded your staregy and in 3 weeks have increased my account by 10percent. Still on training wheels but feeling more confident in my ability to be profitable. So thanks again. One question I have, do you journal your trades?
No i don't think he does.
Brilliant Shaun - love the zero bullshit attitude.
People call it adding to losses but buying pullbacks is literally buying something going the wrong way lol. It's all relative. I use this exact strategy but i only trade micro es in a combine. I'm still kinda new so combine us helping that learning on a budget.
Tks very much for sharing. Would you consider making your strategy into an EA? That would be awesome and extremely helpful if you do😊
@Nick.Shawn.W.A Suspected scammer. Not the same person as youtuber name is NickShawnFX who has 179K subscribers. But I check Nick.Shawn.W.A only has one subscriber. Not the same guy. Scammer alert.
Patience is also a thing to master if you do this on a daily timeframe, What would you think doing that type of trading using 5 min or 15 min time frame in a scalping way. besides that capital is key in that strategy the more margin you have to work with the more chance you have to get out at be or profit.
I do a similar strategy on MNQ futures using micros , I'm a mod on the Stock Sniper Trading channel and we just focus on price action trading level to level/zone to zone , but how I manage my positions gives me a very high win rate in particular because I can move my position around the board and with high volume of trades because we just trade bounces zone to zone the ticks add up and compound fast, I personally also like to use emas for the mean reversion aspects , like when we are extended from the moving averages AND also coming into a major support/resistance zone for extra confluence , there is a lot of free content on their youtube channel and they mainly like to scalp the 5m.
I was in your discord back in jan and you used to add to your winning trades all the time??? although i really agree with you on this video i do it all the time with crypto and a few more "rules" still havent gotten the hang of it properly but im on my way
Yeah i added to my losing trade as well... So basically i had my short open for 30 days and the hourly candle that liquidated me was the highest candle... After that i wouldve been in profit... Crazy world we live in it feels very manipulated
he's gonna help liquidate a lot of people. Trading without a SL isn't a novelty idea, all seen b4
This man is SPEAKING FACTS!
Thank you Nick , my GURU 🙏🏻🙏🏻🙏🏻 as always . You changed my life for Good ❤️🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻
🤣🤣🤣 Mate be extra-careful, they will target your stops from now on. Fun aside, I really appreciate your videos. Thank you for sharing!
Damn, the best FX teacher ever. ❤ Yr videos Nick
Your video convinced me to invest in XAI10M, expecting 10x gains. Excited for listings!
Coinbase, OKX and Binance will list XAI very soon. We do not have much time left
I've heard lots of people from X and Facebook talking about this one
Feeling positive about XAI's future. Holding strong and expecting great returns. Let's go XAI!
Feeling good about XAI! Great community and potential.
Just read news about XAI this morning. Presale is open right now
Every single loss I’ve taken in the last year, would have been profitable if I added to it or even just held until it came back to break even. My first year trading, that wasn’t the case. My trades were so random. Looking back at them cracks me up
Rob Booker infamously held onto a losing trade for 1 year before it was profitable.
People should let losers run sensibly.
a stop loss is death by 1000 cuts.
i am not tryed to trade against the market. but logically it is possible. sometime just right choose. price come back often but not always. it is like months consolidated, it can work if wait.
Could you elaborate why backtesting trade periods would differ from live ones? You keep on saying this without proper explanation. thanks
hello, i have a question about how to manage trade during recession. I've been trading this strategy actually myself for last 6 months and grew small acc in 550 eur profit and then i came across your video :). But when i started backtesting with tradingview during 2008 and 2015 it would blow my account if i didn't take a loss at some point. I'm trading 4h, could you maybe do a video about how to manage these trades because you know they been saying now that recession is coming and you never know when you can be on the wrong side of the market. I've also been thinking to trade let's say buy for CHF that does well in recession but that would only be buys for this pair so you limit you gains or days where you can trade at all. Any suggestions? good video btw.
Hi Nick....
do you ALWAYS trade and do your analysis on the DAILY CHART?
or lower time frames ?
Four hours, daily and weekly
Thank you Nick greetings from Europe
Nick Shawn You are interesting..The truthful guy..
Can you use this to scalp in futures? Im trying to figure out the "lot size" RR and convert it to futures contracts. Ive been practicing in a paper account and it seems to be working. Scalping seems like a riskier way than your method, which seems more like swinging, but the concepts should work the same.
Sir,My strategy is the same as urs but I don't give too much attention to level instead I give imp to direction.also ur strategy works in ur mkt not in Indian mkt on expiry day of options unless mkt goes in ur direction within time.otherwise ur account gets zero.
Just to give newbies a heads up, you have to have enough in your account to swing trade. Small accounts, with many brokers, won't allow holding positions overnight.
I got good at “click click”. That pew pew nature leaked into trading! Second nature, don’t even think about my Strat like it science. It just flows like riding my motorcycle 👌💵👊
Bought XAI10M after watching your video, super excited! 💰
Bot
legit what even is XAI10M, and other crap like WXA69
@keanurevees2180 it's scam nonsense. They're all bot comments
😂😂😂😂😂😂😂
Dom. Imma buying BTC as it comes down in a pullback. It will rocket up again no doubt. Buys from 60.000
Maaan, I love you Nick!
Nick you almost never talk a prop firm accounts or giving us some tips about which account should we buy. 10k,25k,100k, or 200k plus positions lot sizing.
Thank you Nick you’re the man and soon I’ll joining in your discord.
I think he has a video on prop firms. There are pros and cons. One of the cons is people having issues getting paid out. Also needless trading rules sometimes you have to follow. Such as the firm only allowing a certain arbitrary drawdown before they make you close for a loss. But for people with very little capital, a prop firm is a good way to get access to more capital trading for an average person.
@@reallyshel thanks brother. You know i wanna buy a 100k challenge i was thinking if I should join the discord of nick to pass the firm any tip which frim is the best. I was thinking funded next had them before and never had an issue with them
@@AmiinNur-x1b That's awesome man. I'm looking into a prop firm FTMO. It's a popular one and my cousin passed his challenge for a 50k account. It's like 500usd to participate. Not horrible. Good luck to ya bro!
@@AmiinNur-x1byou can forget apex, they don't like dca trading. They only allow one dca trade per position.
@@reallyshel nobody has issues getting paid if using the big 2 FTMO or 5ers. Everyone having issues are breaking rules or using sht firms
Thank you very much Nick for the 90% your give us for free. YOU'RE AWESOME!
The problem is, it works amazing… until the one time that it doesn’t. The key to this is appropriate allocation of leverage.
That’s how you wipe yourself out from your winnings in times that it doesn’t work.
Moved all my funds into BTC and Versidium. This presale is too good to pass up.
Can this strategy be used on intraday basis, maybe with prob firms?
So does your broker actually let you make withdrawal? I know the off shore ones are so sketchy.
what brokers are you using?
Just watched your video discussing XAI10M and I am very excited about this
Versidium is dominating my crypto chats - seems like the next big thing!
Great Video Nick. Thank you.
So what happened to your "M1 quack quack" scalping approach? All failed ?
Been doing this almost for 2 weeks, all I want is being wrong on predict where there price will reverse. DCA changed the way I trade. Shawn is right, it's sexier than *orn
❤ nick thank you so much for you tube video
What's the best time frame is best to trade
What US regulated broker do you use Nick
hey mate thanks for the insight, on a side note you should get that cough checked out if you haven't already
Can i use this strategy with synthetics as well?
So why no commissions in trade summary Nick?
Sir what if u entry only once.. Then if the price is against your trade and decide to add trade.. U close your 1st trade then put stop order in the middle of your entry and your next entry..?
Does The DCA Strategy Work in crypto futures?
I've learnt alot concerning crypto progress this time and will like to join in. I wish I can get a good mentorship
I think all you need is an expert assigned by a brokerage company that will trade for you and handle your capital professionally and give you weekly returns of investment without any extra fees attached😊😊
Ms Anna Rodriguez, holds the credit of being crucial about the mrkt and also a knowledgeable Brooker to be proud of......
Seeing a remark regarding my manager Anna Rodriguez is quite energizing. It was just like this when I first met her a few weeks ago. Having started with just 4k about 2-3 weeks ago, I have already made it to 21 k. She is very remarkable!
Goodness gracious I'm so excited seeing Ms. Anna Rodriguez been mentioned here also. Didn't know she has been good to other people too, this is wonderful because I also started with a UA-cam referral like this
SHE IS ON TELEGRAMS
he is correct because i have been doing it with small amount and added 100x and took all into green... nreak even happens half way lol
Nick out here coming for the markets with guns blazing 😂💥🔥