Forex Trading Tips for Success: Dealing with Drawdown & Losing Streaks!

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  • Опубліковано 1 лип 2024
  • #forex​ #stocks​ #trading​
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    // DISCLAIMERS
    This video expresses my personal opinion only. Trading financial markets involves risk, and is not suitable for all investors. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action, and any trades you decide to take are your own.
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КОМЕНТАРІ • 41

  • @CHILLTIME1305
    @CHILLTIME1305 3 роки тому +7

    Risk Reward is most important.
    I made 9 trades in loss and 5 in profit I'm still in 159$ profit. I'm not taking more than 20$ risk. I am watching analysis videos on your channel and getting some ideas to trade. Thanks for sharing this things ❤️

  • @weslyxan
    @weslyxan 3 роки тому

    Because of this channel, i just start to focus more about my RISK (RR) , making my first trading journal (finally), and slowly build consistency through demo acc, with 100$ & 0.01 lot, catch 7% for day 1, still long way to go, but i found this channel help me alot, thanks nick

  • @infernofab4096
    @infernofab4096 3 роки тому

    So true...✌
    Thank you man.

  • @seapilot640
    @seapilot640 3 роки тому

    So true...✌
    Thank you

  • @jinkanglee_2997
    @jinkanglee_2997 3 роки тому +1

    Pro tip, sometimes its good to close the trade in drawdown as long as you manage risk properly, strong minded trading and holding the trade until it went into little profit is no use in the long run

  • @AustinTheMoonBear
    @AustinTheMoonBear 3 роки тому +4

    Hi Nick, I've been trading for 2 years now, coming up at the end of September actually, and I have been profitable since October of 2019. However, right now I am what I would argue is my 'drawdown.' I haven't changed anything, my rules are the same, my management is the same, everything is the same. However since about the second week of June I have just been losing and losing. The first week of June was actually phenomenal and I was up about 7-9% in the first week, which isn't normal. However since then it's just been loser after loser. I broke even in June, was down 1% in July, and now August I will be down about 5-6%. Nothing has changed other than my win rate. My average win-rate over all was 40-50%, however during these last couple months it's been about 33% or less. Just wondering what your advice would be. Thanks so much.

    • @abrahammoreno8481
      @abrahammoreno8481 2 роки тому

      Hey moon bear i am suffering something similar to you, how did it end for you?

  • @thabosiphiwemngoma2908
    @thabosiphiwemngoma2908 3 роки тому

    Thank Nick

  • @wyattchiordi5132
    @wyattchiordi5132 3 роки тому +1

    I’ve been trading breaks retests with the trend and used to do pretty decent. Lately I’ve been having loser after loser after loser. Like one win of 30 pips every 7 losers risking 2%

  • @SagarPardhan_
    @SagarPardhan_ 3 роки тому

    Thank u

  • @vongchanthavisouk1499
    @vongchanthavisouk1499 3 роки тому

    thx bro

  • @rosariodipetta
    @rosariodipetta 3 роки тому +1

    The worst mistake is to trade fighting with the market... When you take a lose it's wrong to open another trade immediately. Low frequency trading is the key to success.

  • @josephlejarde7957
    @josephlejarde7957 3 роки тому

    True

  • @uekikosuke3601
    @uekikosuke3601 3 роки тому +1

    The audio sounds low

  • @abdulhamiidmohamed8623
    @abdulhamiidmohamed8623 3 роки тому

    Tell me if you make investment

  • @nicolasaraman1210
    @nicolasaraman1210 3 роки тому +1

    👌

  • @ahmadalin6810
    @ahmadalin6810 3 роки тому

    Why do you have the same picture as mambafx in the background?

  • @forexchartanalysis9061
    @forexchartanalysis9061 3 роки тому

    Managing risk is key

  • @MichaelJeffers75
    @MichaelJeffers75 3 роки тому

    Can a newbie form a trading plan without hiring a guru?

    • @TraderNick
      @TraderNick  3 роки тому

      Yes, if you’re willing to put in the time and work to test it and write it all out.

  • @juskarthik5731
    @juskarthik5731 3 роки тому +1

    Hey Nick, Can make session on Hedging and so on...

  • @aaronquadros8
    @aaronquadros8 3 роки тому

    One thing I have learnt from your channel is that always stick to the plan matter what!!!! If though the trade is in my favour and my plan says no trade so NO TRADE!!!!

  • @whallievdwesthuizen4883
    @whallievdwesthuizen4883 3 роки тому

    Hi Nick, how does one access the A1 community?

  • @rowlanddonald4523
    @rowlanddonald4523 3 роки тому +3

    I have been trading forex a long time now but I have never made so much profit in a short period of time until I met Davidson montiego.

  • @brokerchecker1712
    @brokerchecker1712 3 роки тому +2

    Mr Davidson has been my best experience because with only $500 I make 5k so I'm proud to announce him anywhere!!

  • @selimylmaz5269
    @selimylmaz5269 3 роки тому

    Audio suck dude