TRADER REACTS: Watch as Forex Traders Blow Their Accounts!
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- Опубликовано: 15 сен 2022
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Развлечения
Watch part 2, out now: ruclips.net/video/YP65dBYVJ7Q/видео.html
Please make a “try not to laugh challenge”, let us send videos to you about funny videos of people blowing their account. You must not laugh or else you give a reward for the person who sends the video. Maybe $10? or more 😂. I hope you read this and considers this, this is very entertaining @tradernick.
I am South african and some of those traders are South african. They like taking unnecessary risks, over leveraging and praying that the market goes their way.
Lol more like 90% of the Vid is SA traders 🤣
That's true it's SA traders
Yeah they are South African 🤣🤣🤣🤣, like Forex broker killer 🤣🤣🤣🤣
Every African trader I've seen risks their whole account 😂
@@samorka2330 😂😂facts
1. Don't over leveraging
2. Remember to set stoploss for your order.
U don't Need a sl
true
@@mohammedmiah2594 ofc but its good to have one. You never know if unexcpected news happends or stuff in your personal life, then its nice to rely on the SL
@@mohammedmiah2594 i didnt have stop loss, i woke up and see i lost 150 bucks hahah
I never use stop loss. But Im a profitable trader
Honestly saying my blood pressure went up, heart beating super fast just by watching this video. I need to remind myself that these are not my accounts that are getting blown like this
Bro. Your anatomically committed to the video. Hahahahahahahaa
Eish bro my heart skipped a bit watching the video
😂😂😂😂😂 Now you know.
These people are strong men
Like they can lose like thousands of dollar
For me just 4 dollars on the line gives me the meat sweats and the heartbeats
I can't imaging the day I'd open a forecast with 500 dollars
Pretty sur my skeleton will vacate my body😂
Lol I find it funny 😂
In South Africa they call it "Barcoding". It's when they place orders like a barcode tag
😂😂😂😂😂😂
🤣🤣🤣🤣we all have bad memories associated with barcoding🤣🤣🤣
8:05 "I hope I don't blow my account here"
This is basically the equivalent of driving slowly past a car accident, you want to see how bad it is because you know it's not you
You can't pretend to be not laughing at the South African traders bro. They gave the best reactions.
Fr bro 😂 I'm South African but I don't take unnecessary risks like them
It's like I have to laugh because their reactions
Great, while I'm already stressed out at .07 lots. These guys place 10- 100 lots. These are legends.
This hurts to watch 😂 it’s happens to the best of us before we learn how profitable good risk management is
Iv been trading alone for a while, doing well. But I needed to see this 😂
just learned that today lmao. Lost $145 in like 5 seconds in a $500 account lol
@@Nogovname Sorry brother! Just manage your position size right and you’ll recover it in no time
"Hope is not a strategy " - Trendy quote of the internet. (Very true)
The problem about these people is that if the trade luckily goes their way, the next thing they do is to come online and start bragging about how they made such amount of money within some minutes. Calling it skill.😔
Lol dude even with skill u still can lose money.. If they indeed made money, yes they made it brvh
Even if they do that. Then they will more than likely just roll their profits into the next trade until it all goes tits up. Can't win forever without risk management.
Thank you for reminding us Nick... Its always risk management over profit making.....
I like how all of these acc are blown on small timeframes. Lmao😂
As a swing trader I'm happy where I am 😂😂
Very entertaining content, love it. Keep up the work.
Risk management is key.Lets learn more on this side✅️
I can relate to these crazy kind of trades. I don’t trade forex but I trade options contracts and I have gone crazy going all in on out of the money zero day till expiration options. It’s a bit of a gambling addiction really with very little risk management.
Ooh Nick; this video is pathetic and hilarious at the same time. I don’t know if I’m laughing or crying. I think we need a video like this once in a while. 😂😂😂😂😂
I feel for that guy who was stopped right where he put it only to win everything afterwards
similar things happened to me as well but i don't regret i guess that's the hard way i learnt about market
These traders don't take draw down into consideration. They get hunted before the actual breakout. Very very educational
Hi Nick, do you have any recommendations between aaafx and xtb?
Calling these people traders is like calling someone with a calculator a mathematician
😂😂😂True words
Thanks for such video 👍
The more accounts wit more company. The brokers will charge for order to buy and each other to sale. can be 15 dollars or more. And some of them do for limit volume as well.
8:18 He said "I hope it doesn't blow my account here"
This is awesome
i am lucky ive seen this in my 5th month of learning, thanks Nick, the feeling of loosing a $1000 account in a second is really unmatched in such bad economy, i would rather forcus on small but consistent growth.
It is different. Those South African traders always go full margin again with high leverage but they win more than they lose. Just imagine if that last guy in the video got the fundamentals in his way...he had over seven positions of 10 lots each, but on an $800 account. Do you know how much he wd have made? For them it's a game...they have accounts where they trade normally & also have "small" accounts for gambling the news.
Thank you sir.
I've been stopped out from spread change multiple times on oanda
Hey nick do u advice us to trade news or no ?
99% of those traders are south Africa 💔and some even have brokers
Hi there! quick question. Are you considering sessions in every trade?
This is a First hand experience, every trader who blows their account actually does it after making some good earnings in his most previous trading. So whenever you make some cool profits that is the very time you should even be more careful with your instinct.
Agreed. Won huge, and half went back 😂
please do more of these
I just don’t get no risk management at all…it makes. I sense to me.
Great video. You just reminded me of what someone once said♥️. The richest people in the world build networks; everyone else is trained to look for work. "There is a difference between being poor and being broke. I Only attended this seminar once and ever since then I've been waxing strong financially and I most confess that one big difference between the poor and the rich is "Knowledge".
Nick: oow... HE IS UP, HE IS UP... OOOW MARKET IS UP, NOT HIM THOUGH!!!!😂😂😂😂😂😂 im coughing my lungs out.
The guy yells and immediately the gold price goes up.. hilarious and sad at the same time.😂😭
The dude at 6:25 actually put a very good trade, and that's why I don't use stop loss when buying gold low, as the market always do this shit 😂😂
Can u do a video in dept of things to you should know when trading fundamentals just like u said spread widens and all
If the trade goes against me, very simple.
I just traded in the opposite direction with slightly bigger lot size.
And let both trades run until they hit SL and TP.
Now I know this hedging is NOT a perfect strategy and you and others reading this may not agree.
But at this point, I was no longer thinking of making profits.
Rather to recover some of my capital.
Warren Buffet laid down 2 rules even though he is NOT into Forex trading but still applies to all investments.
1. Never lose money,
2. Always remember rule No. 1.
I do that too, especially when I'm scalping.
@@tochymakua3490 I don't do scalping.
I prefer swing trading.
@@tochymakua3490 for your better understanding, I don't hedge right away.
I only do so when trade goes against me at halfway mark to SL.
My amazing discovery is the moment I do so, the resistance swing suddenly stopped and began moving a little towards where I want.
1 thing I will NOT and NEVER do is betting on the same direction with bigger lot size when it is clear the market is heading towards my SL.
Or even extending SL.
But I am happy to extend my TP.
Me too, some time i hedge, but only when i'm not sure where market will go
@@kjmchc1010 you hedged ONLY if trade goes against at halfway mark to SL.
Trust me.
When you do that, the resistance swing will stop momentarily.
Lots of traders use heavy lot size and make incredible profit but when loss comes they lose their accounts
Wow, this is super hilarious I swear.
IT has some stuff that most traders have gone through including myself😂😂😂
This is funny as hell dude!!!!🤣
Been there done that. Learned from it
8:15 - No, he said "I hope I don't blow my account here"
This is why stoploss is the most important thing during trading
I'm also South African and like someone in the chat said, most of these people in the video are South African , and they encourage this form of trading, it's called 'BARCODING'.
This happend to me yesterday when the fomc was released
More videos like this nick
the first one was like..... hahahahaha. y on earth would they not put on a stop loss.
8:15 “Im hoping i don’t blow my account here”
Horrified.
Thanks, Nick.
This is my favorite video on this channel 😂
Does anyone knows about forex trading bots? What's the maximum limit of positions you can place on 1 given trade?
This guy: Please don't trade like this.
Everyone who is about to open their 1st account: What do you mean?
You review the broker you use to make some profits.
the second clip .. I can't understand it
😂😂😂 very hilarious I just can't stop laughing cos it's reminds me about my old self
@10:17 that broke my heart and I wasn’t even in that trade. Definitely felt the pain from that one lol
malaysian trader losts 3m usd last year december and the crazy part is that he manage to recovered it back last month
Greed kicks in on some
Especially the one that was up $2000.. if he would of sold, but No
9:09 This is why I don't trade currency that is not popular like is not only huge spread but volatility and etc i just don't understand like the spread are huge on those, although i like volatile market or pair i absolutely hate spreads
That guy with the 100 lot and 35 lot size lost all his money plus owes his broker money. He lost the money so fast his broker wasn’t quick enough to give him a margin call lol 😂
That's FBK (force broker killer ), that money is very small for him. He makes millions of withdrawals from news trading, and even now he is a broker
@@danielkainyah824 don't trust that guy😂
@@bubba2457 🤣🤣🤣
@@danielkainyah824 wow you are soo gullible
@@danielkainyah824 no ways you actually believe that? If only you knew...
Nah, those ain’t no traders, those are gamblers
This is a reminder to have a proper risk management and don gamble news event. They don event look at the data of the news how they trade at least look the number and see the buy or a sell not to go in. Such funny ppl ...
The fact that i recognized some of the voices there neh😂
Lack of discipline is a dream killer
Famous last words:
"One second profit"
Hes saying I hope I dont blow my account here...
Pls Nick, tell us the broker to use with lower spread... These brokers are taking our money
7:06 appropriate reaction
😂😂😂😂 the editor deserve a cup of coffee
I gotta fuel up for the next video! ☕️
There’s a reason why 90-95% of all day traders fail. The rest of us need them to fail. It’s all part of the zero-sum game.
When Nick bites his nail just know you have done a wrong move🤣🤣WRONG TURN.
gotta love them south african mentors.
😂😂😂 We've all been there it's just their time as well feel it
Fundemental pip lord is my dude respect the name 🔥🔥🔥🔥🤣🤣🤣🤣
7:35 the last dude was hilarious
Good.need more videos..how not to trade..
they might be trading news and the market open
first clip had me rolling
common thing across this video, more than worth lot sizes!
The guy with 100 lots is probably the most famous trader in SA(or atleast in the top 3), he's mainly famous for his lavish lifestyle and super big mouth, the guy talks too much but is super hilarious I won't lie, that account that he blew is nothing new, he's a fundamental trader so he'd have one account buying And another selling around news time, it's worked for him because he's a millionaire, so for others just watching, do what works for you
Looks familiar..
Am actually hesitant to get on the charts right now 😮😮😮. This s***t is real.
i could watch so much more of this😅
Atleast we are learning from hidden mistakes they make apart from flexin
3:48: The sellers: Uuuh i like your cut, G. *Taco bell gong sound*
You should have merch written "Please don't trade like this" 🤣 i will be your delivery man here in South Africa, we need those
Holy grail trader
YOLO, ALL-IN, No Stop Loss Gang
Failed, then try again 🤟
Well, if one can flip small account then all like this typical method user woulda be millionaire already, but reality it is not simple because oversized lot and too long holding up an open position deciding the end of the trade.
In the end what we need as a trader is “GROWTH” in equity over time, not just 1 big gain then losing it on next trades
Makes me feel so much better about losing $200 in one day of trading.
Also makes me REALLY appreciate always having stop losses on my orders.
Me without stop-loss turn 20$ Into 800 withdrawal 500$ rest belown up
all trades in thoses did one mistake forgeting about news impact on forex
I mean i do understand that not everyone has a laptop or computer but id rather save up some money to buy one instead of trading on my phone... thats just not possible
Public service announcement: Risk management. Use a stop loss.
Sometimes it goes their way....
he said' ''I hope it doesn't blow my account''
pls guys apply proper risk management
It's the fact that 90% of the video is South African traders that claim to be forex mentors, meanwhile....