How I Made $114,000 Trading Forex Last Week (Step By Step)
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- čas přidán 19. 05. 2024
- Trading is risky, and most people lose money.
My Free Telegram Channel is now private, and has over 60,000 members, and can only be exclusively joined at this link: t.me/+TDVdM80j9lGfaWiP
Follow my trades, get coaching, hangout with the MFX group: www.missionfxtrading.com
FTC/CFTC Risk Disclaimer - Please read this so you're 100% aware of the extreme risks associated with any type of trading and investing.
I’ve said for years and years and years - trading is extremely risky, and most people will lose all the money they try to trade with - even the people who follow the information I provide. Trading is a skillset that is difficult to learn, and I make it look easy because I’ve been trading for 7+ years. As with any high performing skillset in life, trading is NOT easy.
Your likelihood of consistently making money trading is abysmally low, whether you learn on your own or whether you follow the things that myself or others teach.
It’s like becoming a doctor, many people start pre-med and medical school, but only a tiny fraction of them succeed and actually become doctors. The average success rate of trading is even worse that that! Becoming a doctor is obviously not for everyone, and becoming a trader is obviously not for everyone, too.
I (and my company, MissionFX, LLC) make NO guarantees/promises/express direct or indirect representation that you’ll achieve any specific result trading, regardless of whether you’re following my free or paid content.
I’m just some random guy on the internet who is sharing what’s worked for me - I have no clue what will work for you because there are a million contributing factors that will determine whether or not you will make money trading.
Do NOT take into account any information that I share anywhere on the internet as the basis for your trading decisions. I’m not responsible for your success, nor am I responsible for your failures.
Read the full risk disclaimer on my website below, so that you’re 100% aware of the risks associated with trading - then you can make an informed decision as to whether or not you want to continue following any of the information I share (or continue to pursue trading in general).
HTTPS://www.missionfxtrading.com/terms
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I was a former client of nick shawn this guy is the best, always positive and full of knowlegde. Love u bro
If you don't mind why former if he is so good?
@@mariob.4163 It's like $100 a month for the close friends group. I think most people are only in there for a handful months before it starts being a decent chunk of money
@@mariob.4163 well i think i got all information i needed from nick and then to do my own journey. Its very good to have a mentor, end of the day nobody will hold my hand and place trades for me so that’s why I decided too go solo dolo 👍🏽
Well I think I got all information I needed too do my own journey bro. At end of the day nobody will grab my hand and place trades for me.
That’s the point of having a mentor. To learn and then go on your own path
"Trading is not easy but it's worth it"- Nick shawn. Best advice ever.
"Trading is Easy! Your are to smart for beeing profitable"
@@Stisse12 what kinda fool...
Have to print it on my next T-Shirt ;-)
PURE GENIUS! I'm trading 4 years.... big loser. Just starting to control myself... thats the real problem. And I have finally settled on something so simple.. $83 bucks a day is good enough for now.
Isn’t that the worst to learn so much only to fall on something stupid and simple. But to simplify something complex takes a genius. I’m same boat trendline and ema entries etc.
Nice 💪🏾
Hey Man. Congratulations on your trading week!!🎉
Congrats on the milestones bro!
The real deal, no bs here, only value and lessons to be learnt.
Weekly time frame hand me downs, all I got for me inheritance was a bill for swap fees!
I cannot agree with you more and would urge anyone thinking of getting into trading to use a demo or free paper trading account. I started just a month ago with $100k paper trading account. Today the account is at $135k but more importantly I’ve made 37 ‘trades’ (too many), because I wanted, no I needed, to study my mistakes and results first hand, I needed to learn by doing. I cannot believe how much I’ve learnt over the last 30 days. The thing I’m most pleased about is that I have a 32 to 5 success rate of trades … good luck guys.
From previously working with you at our old job to seeing you now has been mind blowing, bro! Glad to see you killing it!
🔥💯
Thank you Nick! Good stuff, as usual
Wow! You definitely make me look at this differently and I love the fact that you keep it simple. I think that sometimes I self-sabotage myself. I need to get out of my own way and quit making things so difficult. I appreciate you taking the time with this video and with your telegram group. Thanks Nick!
Very nice. Honest , straightforward, no BS, to the point, no jargon. Like your' learning to ride a cycle example'. Thank you dear.
thanks Nick for your transparency and your encouragement ...
Kudos to you dude.. happy for you that you made that kinda return on your hard work..!
Wow, Nick! That was an amazing video! You're absolutely right, and I couldn't agree more!
Thanks man, this one is a great insight, going to try this one on demo first
Congratulations bro. Found your content like last week coincidentally as I started really trading again after a couple years. Thank goodness cause your method is definitely working for me.
bro....never stop posting my guy!
best trading motivational videos on the interwebzzzzz especially after a down week on these here markets!
yo hedgin bro?
@@TheBlueskyson never that. are you?
@@wheresmymoneyat2482 no man. I know Nick used to do it.
Working out well for me so far in this group. Cheers Nick 👍🏻😎
Thank you for everything Nick!
Awesome Nick! So happy to see you growing and moving on to the next level. Hands down youre the best trader on CZcams. Glad to have met you and learned on so many different levels from you!
One of the best beards on CZcams! Lol! Thanks for the great video!
him walking away from the mic made my day hahahaha :D thx Nick, youre a treat watching! I'm still stugglin through all the "mental gymnastics" I think might be necessary to also learn some price action stuff & develop that intuition u always talk about. But mostly, probably I need to go through it, get sick of it and ultimately to appreciate simplicity! thx bro
hit da charts bro. Chart time chart time.....repeat
God Bless you Nick! You changed my life!
I chose to do 1:1 trades after one of your previous videos and it has been so stupidly helpful in developing intuition. And i realized during that process.. if you can close trades before they get stopped, consistently accurately, your 1 risk on average is LESS than 1 risk. If i can cut 80% of my trades, accurately, before the total stop is hit, i have on average reduced my total risk per trade. Meaning 1:1 actually skews in favor of the Reward
Best trading mentor ever
Agreed 💯
@@johngreydanus2033 I think they call it 'learning'
Definitely 💯
Definitely agreed
PLEASE ADVISE .
I was told to spread my savings across different things like stocks and bonds to protect and support my retirement.with everything being shaky,I'm considering going into Trade.?
I HAVE INCURRED SO MUCH LOSS TO TRADE ON MY OWN,I TRADE WELL ON DEMO BUT I THINK THE REAL TRADE IS MANIPULATED.
you must have these things in mind
1. Have a long term mindset.
2. Be willing to take *risk*.
3. Be careful, if you're not spending to earn back, then stop spending.
4. Never claim to know - Ask questions and it's best you work with an assistant.
The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH. stock,silver and gold)
When it comes to Trade, I can confidently say that bitcoin is the best option. But most people think it's all about buying and leaving it to rise but It takes a lot more you need to trade it to earn daily.
Singh Guru Shawn spitting some divine trading gems..
Congratulations!🎉
Your videos are better than Netflix. I already got my popcorn 🍿
Thank you Nick, I think this is one of your best videos ever.
Hey Nick. Love your approach man. Regarding the AUDJPY trade. Know you had probs with your broker so didnt grease as much as expected. I will always bow to your experience and proofs but I was surprised you didnt go with USDJPY once it started to fall. I shorted that pair as once it was obvious that all JPY pairs were overbought and the pullback began I just figured that the disparity with the USD powerhouse currency it would react to greater levels and the fact that my spreads are much tighter with UJ. Thanks for the heads-up and look forward to your next insights. Way to go Bro!
Thank you so much Nick. I have learnt so much from you and I am excited to watch your video you just posted. You have taught me so much in just the little time that I have been following. Thanks again for all you do.
Thank you Nick 🙏🏼
Well said. Thank you, Really appreciate your videos
Nice one Nicky. Makes sense bro. ty 4 vid.
Great vid dude. New follower here.
Sorry Nick, i live in the Netherlands and work in a hospital. So i have little time to contact you. Thats why i use my 1 hour chart MINI swing system with only ema 200 and have an ascending % step exit playbook. 5% 10% 15% etc etc etc . Keep up your good work😀
Great info thanks neck
Cough is gone 114k really helped
I mean … I wasn’t giving this man crap for it but this is funny
Great video as always. Keep preaching the truth bro. Encorage peeps to do things hands on to gain experience is key.
always clear and straight to the point
Trade, Experience, Trade, Experience, Trade, Experience, etc... Thanks Nick!
Hey brother, I really appreciate you sharing your knowledge, wisdom, and your unique experience. I meditate on the things you say and put them in my bag of tools and ideas. Thanks man! .... by the way, welcome to the beard gang, haha.
I like you!! Thank you for your atittude its gratifying to see someone talking without BS.. just feels honest..
Thank you, not for sharing your technique but for affirming mine. Nobody understands it, but you made it very simple in your last video. I thought I was the only one doing it. It is so simple
Salaam (peace) I like the simplicity of the video as well as your website. Straight to the point no fluff.
Very eye opening. Time to download a demo account. InsyaAllah
Thank you Nick.
Thanks, Nick!
Nick, one thing that changed my trading was I figured out its very hard to predict a trillion-dollar market. Instead, I just follow it and when it changes trend i hedge out my trades just like the banks and hedge funds do. Not using martingale or any of that bullshit, but if you can control your margin % YOU WILL NEVER LOSE. Worst case is i get out for break even or a small profit. Most people have no idea what the true highs and lows are. I use no support or resistance, No indicators, Nothing. I just following the trend/market. The more leverage you can get the better. My strategy has about a 52% win rate but what makes me super profitable and able to compound my account is my exit strategy which is hedging. Risk management is definitely KEY!
why is vsauce teaching me how to trade
🤣
men i love your vid, like so fkg smart having a dumb/simple strat lmao,
and what time frame do you use?
The time you can have that kind of trade is NFP CPI FOMC. Gold Crude Oil and pairs with JPY.
You are right. There is no holy grail. All we have is new information that moves price.
Hi Nick love your content and been a subscriber for over 2 years. Very keen to see if you could still trade your strategy based on a funded account with all the rules, like not holding over night and max draw down etc?
Hi Nick, I love your approach ... how many pairs do you monitor?
Defo the best in the game ,real guy ,who don't bs anything ,huge respect for you,no wonder you have these blessings ,Nick helps people for free
Awesome video Nick!
The Stopp loss Hit of this trade
@@ThisisitFinn Liar. You just took the opposite of Nick and lost money 😂
This man is a great source of wisdom. I always like to listen to what he has to say.
Nick, ive been trading two years almost and ive been following you for the last 3 months or so, man, i want to thank you really, for the first time i understand that trading is really simple, ive been making money even if im wrong (i know i sound like nick shawn haha) or in the worst case ending up break even, that is HUGE for me, im not a millionaire like you, i dont have a lot of money, BUT im really glad i found you and im glad im building a trading system that works, its a long way, but im more than happy to be learning. Once again THANK YOU, i hope one day i tell you that in person :D
Thank you Nick for your no-nonsense approach. Your videos are incredibly helpful and simultaneously entertaining. You should get into comedy.
Can you make another video on hedging and cost averaging?
Trying to improve this strategy myself which I learned from your previous videos
🤜🏼🤛🏼
My free Telegram channel - t.me/mfxpublic
no plan b! amen
Hey Nick... someone using your profile pick asked me to contact them on their whatsapp after I commented. These guys man!!! My deepest respect bruh!
... Carrying trades over to children...
Lol😂
Aint no way! LMAO! So that is really you?
Bro! You have some explaining to do =)
Like that channel is WELL worth it. But only if I do the legit opposite of what you say on there. If ppl look at it like that. That shit is a gold rush.
I love this dude. Brutally honest.
PLEASE ADVISE ME.
I was told to spread my savings across different things like BTC and Stocks to protect and support my retirement. with everything being shaky,I'm considering going into Trade. i don't wanna make the wrong choice.
Ellen DeGeneres hosted Kate floretta on TV 2 yrs ago that was where I saw kate and followed up.i have also been attending her Trade seminars.
you must have these things in mind
1. Have a long term mindset.
2. Be willing to take *risk*.
3. Be careful, if you're not spending to earn back, then stop spending.
4. Never claim to know - Ask questions and it's best you work with an assistant.
Yo I didn't know Kate was this popular,my cousin trade with her for some months now, I tried but couldn't understand anything it's not my thing tho so I passed Lol. I can testify that trade pays very well because my cousin at 23 bought a house already.
When it comes to Trade, I can confidently say that bitcoin is the best option. But most people think it's all about buying and leaving it to rise but It takes a lot more you need to trade it to earn daily.
I think I might have came across the name on an interview last year where she spoke about finance.
Revux's approach to data security is unparalleled.
Love the look it’s Been a while .. Image everything love the improve
Thank you Nick🙏
Yes Nick good question.. Have you ever had the interest of learning algorithimic trading e.g. reading books, learning python and frameworks regarding it like pandas for data science. I have over 1.5yrs and still can't write code without googling.. I am currently sticking to what is working at the moment which is manual trading. Thanks~!
That is an epic beard....Nice work.
Great video. Why did Nick move away from hedging? Anyone know? Thanks.
The precision in Revux's development roadmap is reassuring.
Congrats on your recent streak.
The beard game is on point
Hello you're the only Holy grail thanks for your time and your support to the community great video information ❤ thanks
Let's go Nick , 👍
You the man Nick 🍻
Hey Nick , please tell the back test software or site you used.
Thanks.
A question to the ones in the group of Nicks Trades, does he take the trades during a specific time window of the day or are they taken all over the 24 h of the day? Thanks.
@17:20 Are you trading live accounts in TW ? Because it doesn't seem too reliable, specially when it comes to jumping Buy Stops or Stop Losses during quick surges (like after some major news on Forex)... but I'm just a rookie here.
12 days ago and you've not had a reply. That would prompt me to email him as a potential client and ask directly. Due diligence is king in this game. If he's legit then he'll show you without any fuss.
Inspiring video ❤
I've listened to so many gurus who have their pie in the sky methods of trading and none of them have any credibility. Nick IMO is real. Does he give you the absolutely positively Wagyu beef way of making money, no. Does he give you a logical and realistic approach, absolutely. Does it work out every time, no. The market is full of manipulation by the big boys. Can you be successful, I have not SO FAR. But it can be done. With persistence and a logical approach, money will be made. Thank you Nick for your wisdom and experience.
hi nick, how can detect low and height wave price, i want to develop a screener for alerts , thanks
THANK YOU
I cant join the mission fx yet because it would cost me 1/4 of my capital, BUT since i started to watch your videos i started to be profitable and soon i will be able to join you guys there.
Si. $5000 to join mission fx right? ty
Hi Nick, have you ever noticed a short squeez or something like that your broker did?
once i blew an demo-account, i had seen a 100% downwards trend, a massive one. so i have gone all in, waited for it to go down, and it all worked. i was a bit greedy so i waited longer to reach my set goal. then in like 5 seconds the price went up ~10%, margin call kicked in, i lost everything, and after that the price went straight down again into my goal and even lower...
that was quite rooting and keeps me a bit away from trading cfd/fx...
had like a 70% win rate before and also most "losses" were break even. i used quite the same strategy like you.
Nick you're a top G
Hey Nick can plz breakdown your complete trading approach with mtf anylisis plz
What exchanges do u use for forex trading in EU?
Im only familiar with crypto.
Watched a few of your videos and I am confused! One minute you advocate not trading with stop loss, next minute you are trading with stop loss! What strategy do you use exactly?
Hi Nick. This positions managing technic of yours, is it applicable to Bitcoin, 15 min time frame? If so, with 100.000 usdt, what would be each position size optimal? I have 5 years of trading experience, using bots mostly, 3commas dca bots. I also manage positions but not like yours, i dca in short positions as shorts mostly move faster. But 5 months ago i liquidated 600k account. Starting short dcaing from 28k and liquidated at 40k.. then discovered your hedge strategy. If i knew before, i would probably survived that position trade.
What do you normally risk as a percent per trade if you're going 1:1 ? 3% , 5%?
I have a quick question (newby so sorry if it's dumb) You said you're looking at the 4h view but the scale at the bottom of the page spans over a couple months 😅 am I getting confused by the UI of the site?
Each candle represents 4 hours of each day. He's spanning out 2 months to see every 4 hour period in those 2 months.
Did you use options for these trades bro?
crazy growth..just crazy...
I just want to thank you Nick, I've started a demo account three weeks ago after watching many of your videos. They helped me a lot..
And just this Friday I managed to double the account with just trading Fx and risking about 5-10%. It gives me so much hope. I don't really know how I could thank you.
You're the best Nick
Nick, what platform are you using to trade your Traders Way account now that MT4 has purged all of its U.S.-based Traders Way traders? I too have a Traders Way account.
Broooo, do you still do heding on specific situation or do you just completely not hedging at all?
Hi nick i would also like to know if you hedge still
Me too
it seems like for the time being he isn't using it as much, either straight up stop losses or DCA (adding to losing positions)
Do not have A profit target. Have an ASCENDING profit target exit playbook in %steps so you WONT miss the big runs. Why, big runs go THROUGH support and resistance
@NickShawnFX hi Nick, why are you not hedging anymore? you changed your trading approach?
Best mentor
Thank you
I just need the answer of this question; Does pairs trends always reverse at 50%? If it's true then I am ready to tackle the trend no matter how big it is, Cause this is what I learnt from your strategy. ( I backtest and found it works but you are my master so I wanted to know the answer from you)