"Scalping Forex Price Action For A Living" - Nick Bencino | Trader Interview
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- Опубликовано: 6 авг 2024
- 📈 FREE: The Complete Price Action Strategy Checklist - bit.ly/2o5NO0M
In episode 191 of the Desire To Trade Podcast, I interview full-time price action trader Nick Bencino from Forex4Noobs to discuss how to make a living scalping price action in the Forex market.
Being a Forex trader first, Nick started to apply his price action knowledge into the crypto trading world and is currently developing price action strategies mainly for Bitcoin.
- Article by Nick Bencino: How to trade forex low volatility - bit.ly/2veYLD6
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My name is Etienne Crete (from Montreal, Canada). I'm a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.
I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That's why you can expect more free content from me than what other people charge for!
If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you're good at.
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This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.
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Hi Nick, I really like your idea of being flexible on time frames. It perfectly makes sense to come down to the lower time frames even after three and half years of your interview. Thanks Etienne for a great interview and asking intelligent questions as always.
Thank you Etienne, great interview !!!
Thanks!
Great stuff
I'm a big fan of this guy
Awesome! 💪📈
Awesome I'm from Montreal Canada too, I would like to meet you in person when you in town
I agree with other commenters. Good food for thought, but live examples would have been very helpful. Interesting to here Nick refer to trading on a 12hr or 8hr chart as "scalping". I think of scalping typically done on a 1min, 5 min, or 15min chart. This would be a good thing to expand upon in a follow-up. As well as maintaining sight of market direction with each....
I think either I misspoke or you misunderstood, I am not sure which and if I misspoke then sorry! I do not consider the 12hr or 8hr charts scalping. While you can use the scalping setups I trade on the 12hr and 8hr charts the trades you enter are not really scalps. Personally I define scalping as 5-15 min charts, day trading as 1-4 hr charts and swing trading as anything higher than that.
forex4noobs.com you sound Aussie mate, good to see more Aussies getting big in trading. You made me consider the price action strategy more seriously, I also consider indicators are huge distraction and wish to get started asap with my own learning about forex. Cheers.
Thanks E great interview price action is a fast moving style, I have not gotten to that point yet.
Yeah just take your time and trade whatever you are most comfortable with. Price action is not the only way to trade and it is not for everyone
One of the best fx episodes thanks
Price action rules. 💪🏼👍🏼
Yep it is awesome.
keep up the good work Etienne
Will surely do! Thanks a lot!
Etienne Crete i saw someone that looked a lot like you in Newport, Rhode Island USA yesterday.
Well spotted...but it wasn't me :)
@@DesireToTRADE i wasnt sure enough to say anything.. but i was close
🏆
Thanks E
You know when someone pretends to be a succesfull trader when he differentiate timeframes. It doesnt matter wich timeframe you look, its all one, its all one pattern.
u should start using charts to explain the strategies. otherwise its pretty boring
do a interview with samy
The guy in Montreal? I've got a lot of negative feedback.
@@DesireToTRADE he one of the best....presque tous c étudiants sont profitable
@@DesireToTRADE il vends pas de signal et de cours fais des séminaires 1 fois par année il est self made...
You don't need indicators. They're all delayed. They mean nothing. You can scalp long even in a down market, and vice versa. So what's the point? None.
Forex market dead atm happens every now and then will change in next couple months
If you use atr for sl and tp then it can really help during dead times like this
It is dead right now but there are strategy's that do well in these markets.
Yep, they are pretty quiet. I don't think anybody can predict how long it will last. Could be a few months or a few years. This is why I think adapting is a good idea.
Tell me that about gold, it definitely has moved alot since the volatility seen from the current trade war