I was with fxcm that night Jan 15 2015. I came home at 4;30 in the morning turned on my computer just as the crash happened. I had 5k in my account I bought in just at the bottom and clocked 1300 pips. I made 13,750 that night. Best night of my life. It took 2 months for FXCM to pay me. But yea I got lucky.
Well that's nice, but unfortunately i can't use FXCM but it's currently banned in the USA, but so far i'm making a 4 figure profit with my portfolio manager.
I have no idea why this channel doesn't have over 1 million subscribers. Like seriously, I feel back for everyone missing out. This channel's very underrated imo
I've blown two $1500 accounts in the past month. And NOW I discover you. Time to pause, unlearn the bad habits, develop a strategy, test it, fine-tune it, and then finally start trading live again. Thanks VP for the time and effort you put into making these amazingly invaluable videos. 🙏 I hope one day I can message you and tell you I'm a successful trader, all thanks to you. ♥️
I purchased the Achemy of Finance book by Soros and I was completely lost. But, watching this video I understand it a lot better. Thank you for doing this for free. This was an entire lesson on macro economics
Hey man. I just started in this industry, like, a week ago. Trying to figure out how this thing works as I'm one of the millions who lost their jobs because of covid19. I'm really glad someone recommended your channel to me. Will be consuming your materials for the next couple weeks. Also visited your website. Really has a ton of good stuff. Thank you for giving out so much value to everyone wanting to learn fx.
Re-watching this video again after a year of discovery. The single video that changed my way of trading .The video that put me on the radar of the big banks. Forever grateful to No Nonsense forex.
Brings back so many memories seeing that chart. I was writing an exam. Saw the alert on my phone however, could not touch my phone. Ultimately, that exam added an extra $11000 to my Uni fees. I did pass the exam for those that are wondering.
Awesome info! I'm a new trader.. Here is something alot of new traders should remember as well 🔥🔥🔥🔥🔥 5 Tips to know when starting to trade forex: 1: start small 2: focus on risk management 3: filter out the noise of all the different how to 4: stick to one strategy 5: long term viewpoint rather the get rich quick
He said 95%of volume is traded by banks in general and we retail traders make 5%so they cannot rely on us as their source of income,so "never out to chase the little guy" So big banks dont want to pocket our money but they fight with each other and we are small part so there no such things as he say our money is income of bigbanks
Ok, everyone came here to profit during the lock down, i see y’all. I had a friends who tried to get me into forex but I feel like he’s part of a scammy team to before I even sounded interested i headed to RUclips to find repealed information. This channel is something else, I’m subscribing.
I think it's my 10th time watching this video in 5 years. I learn something new every time . I remember this is the first video I watched back in 2019 and it was the moment everything clicked. The rest is history.
The first time I watched this, it was the very first time I jumped on forex trading, and clearly, I have no idea what is this video all about. Now I'm watching this video again and I can easily understand the whole point. After facing a lot of manipulations and stop-loss hunt, it's clear that banks do it every day every single time until today. But in my opinion, banks do that not because to get our money, but they do it so they will have enough liquidity to move their positions to get a nice profit of course. Anyway, this is such a golden key to trade way better than most of the retail traders out there. Thanks for the video!
This info adds value to all serious traders that WANT TO WIN, as opposed to those in the majority who eventually end up being beaten up so much, they just want to survive. A very wise teacher/soldier that came back from Vietnam Nam 5 times, immigrant from Cuba to the US, spoke four languages fluently, a Drill Sargent for the elite Army Green Barrett. He said, “A little knowledge is dangerous.” So, my advice is stay a student of Forex and listen to people like this. Avoid the “know it all’s.” Be humble and get rich. The world needs a bunch of rich humble people. See you at the top, and on the beaches of this planet:
Rewatching all vids, this was the very first video i watched ever. And immediately i understand that VP is the only guy i need to listen to to start my forex career. I deleted all other forex video trash on my phone. And im glad that i did.
I'm new to FOREX trading and it feels good knowing that your lessons aren't just another rabbit hole to get lost in, again. Glad to have found your channel. Following! Thanks
Very honest views on trading. I traded US30 and made $30k in 2 hours by doing scalping. Risk management is the key, particularly for scalpers. As soon as your trade is bad, exit immediately and look for another one, the rule for scalping is not to wait for thinking the market will turn to your favor, it won’t. Go with the big moves. Also please don’t use too many indicators either, they will only confuse you. Moving averages won’t help scalpers.
one of the most exhilarating days of my life!!! this mentality was always in my head but i constantly denied it light due to everyone else information. this is going to be a amazing journey!!!
Couldn't agree more with this video. However I think one the most important things he left out was that the "Secret Sauce" is in your consistency. Meaning: you must keep taking the same trade setup (win or lose) over and over again every time you see it. As long as you are above 50% accurate, you're in the money and your strategy works, rinse and repeat. Thats it. Black Jack has roughly 5% odds in favor of the house. They win some, they lose some. All they have to do is remain open and keep taking your bets. In the end they grind it out. You will only achieve consistency after enough sample space so you must give whatever strategy enough trades to determine if its working or not. You should also review your previous set of trades in the entire sample space to determine what adjustments need to be made within the strategy before making any changes. Trade Plan Example: Step 1: Pick one trading strategy (any strategy) and back test it until you have consistent results in a demo trading account for (60+ trades). Consistent = taking the same trade setup every time you see it, making adjustments every 20 trades until your win loss ratio is increasing and you see your P/L increasing consistently with every set of trades. Step 2: Once you have proven your strategy, go live with a trading acct (3K min) and risk 0.1% of your acct size on any given trade with a max of 4 trades on at any given time. Remain consistent for the next (30+) trades. Step 3: Once consistent for (30+) trades, increase risk to 0.5% of your acct size with 4 trades max at any given time. Remain consistent for the next (30+) trades. Step 4: Increase position size to 1% of your account size with 3% total risk at all times and remain consistent for the next (30+) trades. Step 5: increase position size to 2% of your trading account with 6% total risk at all times and remain consistent for the next (30+) trades. Step 6: Increase or decrease or maintain position size to the comfort level where you remained the most consistent. Notes: Each step is vital. If you were not consistent in Step 1, you may not be consistent in step 2 and so forth in the following steps. You may be consistent in Step 4 but not in Step 5 so you may have to adjust your level of risk to suite your individual comfort zone or until your accuracy increases to allow it. You may experience a difference in your accuracy during each of the transitions between steps. It's not your strategy at fault here, it's your psychology. You already proved your strategy in Step 1. You are now training your "crock brain" to manage and increase risk as you adjust your position size. With each step of the process you must continue to believe in your trade plan and in your abilities and above all remain consistent (did i mention that yet?). It will take some time but the rationale is that this needs to become second nature, and mechanical. After a few years you can experience a compound growth in your account you never thought you could achieve. This is a long term play and there are no get rich quick schemes or free lunches out there (sorry). You need to do you own research and trade your own plan with your own setups and trade capitol. -Best of luck to you but i'd rather you make your own.
Spot on!! I'm a beginner/intermediate and my main complaint was "their cheating" on my trades. More than I can count I saw my trade set ups "spike" to hit SL and then finally go back the way of the trade, or all of a sudden go the opposite direction, the reason why I backed off Forex for a couple years, so frustrating. I was blaming this on the broker, but looks like it's the bank, thank you for the explanation. Finally someone honest enough to explain this and what really happens with the market. I'm back on the horse and diving into your excellent videos, podcasts and blogs to learn the correct honest way this time. I will succeed this time!
I love rewatching this. I couldn't recommend this guy more. Everything I have on my account is thanks to this guy and the playlist content he's laid out. Be patient and put the effort in. VP if by chance you read this. Thanks. My algorithm is strong and consistent 👍
Excellent channel!! I have been in the house the entire weekend watching allllll of this videos!!!! I am declaring and claiming I am leaving this job I have by the end of this year!!! This information is gold and I am soo excited I found this !!! Thank you again and keep the content coming!! I am here for allllll of it!!!!
I have played this forex game for about 10 years with various levels of small profit but the consistency has alouded me. Finding this channel is a breath of fresh air. I'm currently binge watching your content and it makes so much sense. Thank you. The longer game -- and all the wasted time I have spent on all of the various indicators etc. In the last few few days alone I have seen some interesting results from your teaching. I,m a new deciple 😇
EYE OPENING. Thank you @No Nonsense Forex ... Man, I couldnt help but liked and subscribed.I always felt there's no way the news will always want you to keep getting money. Sometimes it gives a little with 50 PIPS TO MAYBE 100PIPS , then the next time the same criteria of news takes it away by 130 to 200 pips more than you got the previous time. The same currency pair, the same kind of goddamn news!
I sleep listening to your videos everyday since I first found the channel in May this year. Thank you VP, I always felt I’d be successful in forex but didn’t know how. U gave us the way. Wish if u could speak more about indices trading.
I still remember when I first watched this video in 2019 5 years later and I can say with confidence, this video changed my life and my perspective on financial markets Best channel out there 🤝
Dude!!!!!!!! I have been trading for about 6 months and this video has made me realise what I have been doing wrong. You my friend are a fucking legend. I can’t believe this is free content. I watched this last night and have woken up with a light bulb moment, brain wave some may say and it’s all because of this video. Can’t thank you enough now off to back test my theory and strategy!!! Once I start making good money would love the opportunity to meet you bro. Stay blessed and thank you.
I started trading 4 months ago, and funny enough I stumbled on to this exact vid, After watching it I did not believe VP when he said that forex is not a “get rich quick scheme” and there is no magic indicator out there that will solve all your problems and make you rich over night, that you have to put the work in and put your trading system together, I was wrong. 3 blown accounts and a ton of money spent on indicators later I finally realized that this info is GOLD if you want to succeed, so please trust me when I say he is right and save your self some time and money and do it properly. Thank you VP for your content, you helped me a lot with my trading and also to get out of my own bubble that I was in, I just wish I would have listened earlier.
Start putting your strategy/trading system together. Test a lot of trading indicators and trade on demo for at least 6 months to make sure that your strategy works... That’s my advice from what I learned so far
conclusion : 1. don't use same tools everyone else uses. seek out new ways to trade 2. don't hang out where the popular kids hang out. because the big bank can manipulate it 3. don't trade the news. the big bank allows them to move price where ever they want. stay away from the news poll 4. get your money management figures out.
I'm 18 years old and just got into forex trading a few months ago. I've been mainly using demo accounts, but I'm getting more experienced everyday. Videos like this help me understand so much more, its like music to my ears. If you have any quick advice for me that'd great. I love your videos! Thank you.
Im not investing right now since i dont have knowledge to do it, but by watching this , it makes me excited so meaning i learned something interesting so i subscribed. and i will watch more videos to learn from that i know will help me to be a good trader when i start trading.. keep up... Thanks a lot
Wow, just wow. I've come back to this video after a year of first originally watching it. And I've recently started ICT's mentor course/being in his forum after following your blogs guidance. Who wouldve thought that I wouldve stumbled across ICT? I guess the seeds mustve been planted last year. Thanks alot!!
Exactly what I have been doing new to forex however worked in finance for twenty years and knew the banks game the market... so glad to see this content to confirm that my gains are not just beginners luck! Thanks for the confirmation!
I like how after 2 years he still likes comments, thank you VP, i am now a funded trader thanks to you, i might write on the testimonials you have on your website
VP! This is the video that started it all about 2 weeks ago. Been working with Forex for a little over 2 years. Did some demo, went live on a cent account. Lost about $400-$500 over 4 reloads. At one point I doubled my account twice. Then gave it ALL back in a matter of days. During those 2 years, I've watched over 150 videos. Read umpteen news events and forecast documents. Back to 2 weeks ago, I crushed AUDUSD and was subsequently flattened by EURUSD. I was on the verge of quitting. I knew my main issue was money management. But I was trading alot on feel, FOMO, and S/R. This video, when talking about "dumb money" hit real close to home. Later in the week, placed 2 trades on the daily...best day of trading so far. Small winners, but I wasn't constantly checking my phone at work for entries and movement. The way your content is laid out is fantastic. You encourage your following to do their own work. In fact, no hand outs here. Even when you give away indicators and strategies a lot of work is still required. Therefore, you are building stronger traders. Thanks Dude, Rejuvenated Trader Shagdidz
What you said! Saw this about two weeks ago. Lucky me my summer holidays started a few days after, and I am now close to having consumed all of VP's content, babypips included. Decided to take a step back and make more organized notes because they got a bit messy and I wanted to have the Podcasts and RUclips videos mixed in the order they came out, that is why I am seeing this video again. Been playing with Metatrader 4 and indicators not in the Dirty Dozen for the first time, have found the Disqord channel (they actually have a "back-testing" robot that looks very helpful to speed things up), and I am now getting ready to do some real back-testing. So glad i found NNFX, it is very inspiring!
Keep in mind if you’re learning that all is futile unless you have your trading psychology right. No matter how good an analyst you are, no matter what indicators you use, without the right trading mindset, you will never be consistent. And that’s a fact.
would you care to elaborate on this trading mind set you speak of? I just gained an interest in learning how to trade but im well aware a skill like this takes time to cultivate. I'm willing to absorb any useful game anyone is kind enough to share
Man, your videos are gold. I've only been learning for about 6 months, taking it pretty slow.. but this is by far some of the best information I have come across.
this make absoloute sense, thank you for your time, i immediatly turned off the news when you said it, the news said everyone is trading gold i jumped on it, 10 mins later trade dropped right out the money, this video is a gold nugget, i just need to try and find a strategy and make a plan.
No Nonsense Forex awesome, I understood all of the points mentioned in this video pretty well, but I will definitely study that beginners guide. I want to do it the right way, fuck the popular way
thank you so much! finally found a legit forex mentor! not like those youtube mentor that just want to sell people overprice course! God bless you sir!
This video is by far the best video, and my goto for sentiment. I can't believe they actually disclose this information and never understood what it meant. Thank You.
That might mean that the volume is potentially causing the reaction of the banks!!! Thus not being on the favour of the technical analysis guys!!! So we do have to do our analysis but after that it is like flipping the coin with a good management ....as a total newbie I have to congratulate the inventor of this game!!!! Genious! Probably deserves the millions of bonus!!!!
the fact that he still likes our comments after 2 years making this video, you know he loves us. thank you man! i am new in the market and this video has changed my view
15:10 (on that eurchf crash) my quantitative economics lecturer once told us that we shouldn't follow textbook stuff when trading and this is exactly what he meant
This is very similar to the "paradox of unanimity" - 'it suggests that if we have a tough situation or a tough question in front and the vast majority of people choose a solution, it is more likely to be incorrect'
I found you on Spotify and now you got me to your RUclips channel. I just wanna say Thank you for your honest work! And I Will stick with your plan a 100%! I got a lot to learn and I love it😍 I was actully pretty lucky that you was The first guy I found for a "mentor" in forex trading. Keep up the awesome work that you do and have a great weekend! -Saying hi from Norway
You are truly blessed. I have to say that I’m in my early forties and just started trading. I know I can’t get the time back, but I can put in effort, and with the help of a trade analyst I’ve compounded $12k in earnings. I’m glad I came across your content. Keep it up!
VP! (you're the "Style" *(Neil Strauss) of Markets & Trading) Big Shout out to you from Germany! I've been trading demo & live for +9 years; managed to wisk away tiny fortunes over the years.. and I'm now backtesting the difference maker you've inspired! Respect Bro! May the Pips be with you.
2nd vid of yours I've seen. Just wanted to pop in and let you know I appreciate ya. It's hard to find entry level content that isn't a scam. If this is a ruse, it's a good one. Thumbed and subbed.
I haven't even started trading yet but this video is way over useful.... its insightful and as much as it's long it was worth every second I listened and watched.
I really love this vid and appreciate the effort. Thanks, VP! My questions these days are finally answered. For almost 8 out of 10 times, my positions are wrong which were based on "the dirty dozen". I was really confused and somehow I felt that the price was manipulated just to go against those who know well about popular theories. I seriously doubted my method, because it was no better than plain guesses which at least has 50% winning rate. I will keep learning the rest of your vids. hope one day I will stand next to the 1% of winners.
Each video gets better than the last but this one has blown me away. Slowly working my way through these playlists you have made and I can’t thank you enough VP!
WOW VP! I am REALLY impressed at the detailed quality of this video....and I actually followed and understood what you were teaching. I want to begin trading ( I did big Commodity & Stock Options Courses years ago), but I want to really understand the HOW TO's of Trading before I actually begin. I have subscribed to your Channel. Thank you very much indeed for making everything available to us!
Lol Trust me it’s not. They’d probably pay to have this removed. If you truly understand what he just shared you’d be have quite a different perspective. Watch it again, Test it out and come back here.
Hmmm....no yelling, no screaming, no acting like a fool....no bullshit, easy to follow, straight to the point. What the hell is going on here? Subscribed....
Simply wow. Great presentation. I really like the way you narrate the story. I am actually a victim of this. I started trading Forex in Apr'20. Lost $250. Used popular tools/set-up/5-15-60-4 Hr TF. Two weeks ago used weekly TF and traded on daily TF. recovered all the losses and ended the week with $50 gain. Last week, followed the same strategy but lost $350. I didn't trade this week. Next week, I am gonna try again. I now understand who took my money. Bds.
You really have to hold based on what the trend is doing..other wise if it’s not doing what they are doing then they want to trap them in like they did to you..this happens when traders starts to be greedy and trading back and forth
I just want to say to those who are making a lot of money, please donate some educational material, share , give back knowledge!! We should help everyone to grow and be better. Don’t you want everybody around you doing great? It makes me so happy seeing people doing good. Time to evolve and be good one to another. Some tips in pips, indicators, money investments, taxes etc .. and No nonsenses forex thank you so much for already doing it, you are the king of people I call real superheroes. I appreciate it.
This is more than likley true and unfortunately the power in this world cannot be obtained by "following the pack". Great video, im just starting out myself and would have easily fallen for the trap like a lamb to slaughter....keep up the good vids and ill let you know in a years time if im rich 👍🏼
+200 note pages already written down only from your channel and blog. (Guys read the blog, a lot good stuff there!) VP, you help to my trading performance x1000 times, thanks man!
At one point in my trading journey I was on such a loosing streak I just did the opposite of what I thought what was going to happen and those trades were most profitable haha
I was with fxcm that night Jan 15 2015. I came home at 4;30 in the morning turned on my computer just as the crash happened. I had 5k in my account I bought in just at the bottom and clocked 1300 pips. I made 13,750 that night. Best night of my life. It took 2 months for FXCM to pay me. But yea I got lucky.
Crazy foresight on your end. Nicely done (don't do it again!).
Well that's nice, but unfortunately i can't use FXCM but it's currently banned in the USA, but so far i'm making a 4 figure profit with my portfolio manager.
@@godisgood1883 hello
👏🏾✌🏾
🧢 🧢
I have no idea why this channel doesn't have over 1 million subscribers. Like seriously, I feel back for everyone missing out. This channel's very underrated imo
I can say you really are a genuine professional trader and adviser..no fancy cars, mansions...just some straight to the point truth
I've blown two $1500 accounts in the past month. And NOW I discover you. Time to pause, unlearn the bad habits, develop a strategy, test it, fine-tune it, and then finally start trading live again. Thanks VP for the time and effort you put into making these amazingly invaluable videos. 🙏
I hope one day I can message you and tell you I'm a successful trader, all thanks to you. ♥️
This guy has given my daughter a better life. Thank you 🙏
Help me I want to make my daughter happy too i still don’t understand how not to be popular?
@@lionfpv4201avoid eur/USD pairs
I purchased the Achemy of Finance book by Soros and I was completely lost. But, watching this video I understand it a lot better. Thank you for doing this for free. This was an entire lesson on macro economics
3 years later this still gave me clarity. You awesome bro
Stumbled across this video; never traded Forex before, but I love the simple, direct and common sense way this was presented. EXCELLENT work!
Hey man. I just started in this industry, like, a week ago. Trying to figure out how this thing works as I'm one of the millions who lost their jobs because of covid19. I'm really glad someone recommended your channel to me. Will be consuming your materials for the next couple weeks. Also visited your website. Really has a ton of good stuff. Thank you for giving out so much value to everyone wanting to learn fx.
3 months later, do you have the same opinion?
10 months later, how’s your progression going?
@@IRFANKHAN-cp1mk anyone who lost their job and thought they'd make money on fx is even more broke now lmao
I just lost 60$ last night.. and start watching motivational video.. then autoplay let me go here.. and i cant be more grateful.. thanks man..
Re-watching this video again after a year of discovery. The single video that changed my way of trading .The video that put me on the radar of the big banks. Forever grateful to No Nonsense forex.
Brings back so many memories seeing that chart. I was writing an exam. Saw the alert on my phone however, could not touch my phone. Ultimately, that exam added an extra $11000 to my Uni fees. I did pass the exam for those that are wondering.
Awesome info! I'm a new trader..
Here is something alot of new traders should remember as well
🔥🔥🔥🔥🔥
5 Tips to know when starting to trade forex:
1: start small
2: focus on risk management
3: filter out the noise of all the different how to
4: stick to one strategy
5: long term viewpoint rather the get rich quick
This guy has the most authentic content of any forex educator I've seen
He said 95%of volume is traded by banks in general and we retail traders make 5%so they cannot rely on us as their source of income,so "never out to chase the little guy"
So big banks dont want to pocket our money but they fight with each other and we are small part so there no such things as he say our money is income of bigbanks
Ok, everyone came here to profit during the lock down, i see y’all.
I had a friends who tried to get me into forex but I feel like he’s part of a scammy team to before I even sounded interested i headed to RUclips to find repealed information. This channel is something else, I’m subscribing.
From where he was trying to recruit you?
I think it's my 10th time watching this video in 5 years. I learn something new every time . I remember this is the first video I watched back in 2019 and it was the moment everything clicked. The rest is history.
Are you profitable?
Me too. It's improved my trading analysis
I am not a native English speaker. I found that you are the best organized knowledge about forex I have ever found. Thanks
The first time I watched this, it was the very first time I jumped on forex trading, and clearly, I have no idea what is this video all about. Now I'm watching this video again and I can easily understand the whole point. After facing a lot of manipulations and stop-loss hunt, it's clear that banks do it every day every single time until today. But in my opinion, banks do that not because to get our money, but they do it so they will have enough liquidity to move their positions to get a nice profit of course. Anyway, this is such a golden key to trade way better than most of the retail traders out there. Thanks for the video!
This info adds value to all serious traders that WANT TO WIN, as opposed to those in the majority who eventually end up being beaten up so much, they just want to survive. A very wise teacher/soldier that came back from Vietnam Nam 5 times, immigrant from Cuba to the US, spoke four languages fluently, a Drill Sargent for the elite Army Green Barrett. He said, “A little knowledge is dangerous.” So, my advice is stay a student of Forex and listen to people like this. Avoid the “know it all’s.” Be humble and get rich. The world needs a bunch of rich humble people. See you at the top, and on the beaches of this planet:
"A little knowledge is dangerous". I like that one a lot.
I am using it for last 5 monthding ,it works very well,makes your trading always profitable.I highly recommend it.
Rewatching all vids, this was the very first video i watched ever. And immediately i understand that VP is the only guy i need to listen to to start my forex career. I deleted all other forex video trash on my phone. And im glad that i did.
I'm new to FOREX trading and it feels good knowing that your lessons aren't just another rabbit hole to get lost in, again. Glad to have found your channel. Following! Thanks
Very honest views on trading. I traded US30 and made $30k in 2 hours by doing scalping. Risk management is the key, particularly for scalpers. As soon as your trade is bad, exit immediately and look for another one, the rule for scalping is not to wait for thinking the market will turn to your favor, it won’t. Go with the big moves. Also please don’t use too many indicators either, they will only confuse you. Moving averages won’t help scalpers.
Which indicators do you find best for your scalping?
one of the most exhilarating days of my life!!! this mentality was always in my head but i constantly denied it light due to everyone else information.
this is going to be a amazing journey!!!
Couldn't agree more with this video. However I think one the most important things he left out was that the "Secret Sauce" is in your consistency. Meaning: you must keep taking the same trade setup (win or lose) over and over again every time you see it. As long as you are above 50% accurate, you're in the money and your strategy works, rinse and repeat. Thats it. Black Jack has roughly 5% odds in favor of the house. They win some, they lose some. All they have to do is remain open and keep taking your bets. In the end they grind it out. You will only achieve consistency after enough sample space so you must give whatever strategy enough trades to determine if its working or not. You should also review your previous set of trades in the entire sample space to determine what adjustments need to be made within the strategy before making any changes.
Trade Plan Example:
Step 1: Pick one trading strategy (any strategy) and back test it until you have consistent results in a demo trading account for (60+ trades). Consistent = taking the same trade setup every time you see it, making adjustments every 20 trades until your win loss ratio is increasing and you see your P/L increasing consistently with every set of trades.
Step 2: Once you have proven your strategy, go live with a trading acct (3K min) and risk 0.1% of your acct size on any given trade with a max of 4 trades on at any given time. Remain consistent for the next (30+) trades.
Step 3: Once consistent for (30+) trades, increase risk to 0.5% of your acct size with 4 trades max at any given time. Remain consistent for the next (30+) trades.
Step 4: Increase position size to 1% of your account size with 3% total risk at all times and remain consistent for the next (30+) trades.
Step 5: increase position size to 2% of your trading account with 6% total risk at all times and remain consistent for the next (30+) trades.
Step 6: Increase or decrease or maintain position size to the comfort level where you remained the most consistent.
Notes:
Each step is vital. If you were not consistent in Step 1, you may not be consistent in step 2 and so forth in the following steps. You may be consistent in Step 4 but not in Step 5 so you may have to adjust your level of risk to suite your individual comfort zone or until your accuracy increases to allow it. You may experience a difference in your accuracy during each of the transitions between steps. It's not your strategy at fault here, it's your psychology. You already proved your strategy in Step 1. You are now training your "crock brain" to manage and increase risk as you adjust your position size. With each step of the process you must continue to believe in your trade plan and in your abilities and above all remain consistent (did i mention that yet?). It will take some time but the rationale is that this needs to become second nature, and mechanical. After a few years you can experience a compound growth in your account you never thought you could achieve. This is a long term play and there are no get rich quick schemes or free lunches out there (sorry). You need to do you own research and trade your own plan with your own setups and trade capitol.
-Best of luck to you but i'd rather you make your own.
Thankyou
Nice info
This was really beneficial thank u
What do u recommend is a good trading strategy ichimoku?
Spot on!! I'm a beginner/intermediate and my main complaint was "their cheating" on my trades. More than I can count I saw my trade set ups "spike" to hit SL and then finally go back the way of the trade, or all of a sudden go the opposite direction, the reason why I backed off Forex for a couple years, so frustrating. I was blaming this on the broker, but looks like it's the bank, thank you for the explanation.
Finally someone honest enough to explain this and what really happens with the market. I'm back on the horse and diving into your excellent videos, podcasts and blogs to learn the correct honest way this time. I will succeed this time!
Even me, all my usd pairs do the same...I think they go up but suddenly it just drops in last few seconds and creates frustrating losss
I love rewatching this. I couldn't recommend this guy more. Everything I have on my account is thanks to this guy and the playlist content he's laid out. Be patient and put the effort in.
VP if by chance you read this. Thanks. My algorithm is strong and consistent 👍
You and ICT are a blessing you guys are a God Send You just dont know how thankful Iam for you guys God Bless You.
Excellent channel!! I have been in the house the entire weekend watching allllll of this videos!!!! I am declaring and claiming I am leaving this job I have by the end of this year!!! This information is gold and I am soo excited I found this !!! Thank you again and keep the content coming!! I am here for allllll of it!!!!
Bro I cannot imagine how you've end up gathering and putting this method together, but god bless you for that, wish you health and hapiness
It sounds like u were taught by the grandmaster forex trader that is no longer on the map and u were the apprentice carrying on his legacy
I have played this forex game for about 10 years with various levels of small profit but the consistency has alouded me. Finding this channel is a breath of fresh air. I'm currently binge watching your content and it makes so much sense. Thank you. The longer game -- and all the wasted time I have spent on all of the various indicators etc. In the last few few days alone I have seen some interesting results from your teaching. I,m a new deciple 😇
I hear it a lot. Enjoy the ride!
EYE OPENING. Thank you @No Nonsense Forex ... Man, I couldnt help but liked and subscribed.I always felt there's no way the news will always want you to keep getting money. Sometimes it gives a little with 50 PIPS TO MAYBE 100PIPS , then the next time the same criteria of news takes it away by 130 to 200 pips more than you got the previous time. The same currency pair, the same kind of goddamn news!
I sleep listening to your videos everyday since I first found the channel in May this year.
Thank you VP, I always felt I’d be successful in forex but didn’t know how. U gave us the way. Wish if u could speak more about indices trading.
ill rather watch this then netflix
thank u for the 2 years i`ve been watching u
i`ve imporoved
I still remember when I first watched this video in 2019
5 years later and I can say with confidence, this video changed my life and my perspective on financial markets
Best channel out there 🤝
Dude!!!!!!!! I have been trading for about 6 months and this video has made me realise what I have been doing wrong. You my friend are a fucking legend. I can’t believe this is free content. I watched this last night and have woken up with a light bulb moment, brain wave some may say and it’s all because of this video.
Can’t thank you enough now off to back test my theory and strategy!!! Once I start making good money would love the opportunity to meet you bro.
Stay blessed and thank you.
I also wanna get that light bulb effect
Forex pairs normally stay on trend....my advise is to have a sound strategy and trade on a higher time frame chart
Which app do you use please tell me
@@wilvictor MT4 probably
Baby
Direct profit earning with a sustainable portfolio while learning works for me a lot
Yo ygg
I started trading 4 months ago, and funny enough I stumbled on to this exact vid,
After watching it I did not believe VP when he said that forex is not a “get rich quick scheme” and there is no magic indicator out there that will solve all your problems and make you rich over night, that you have to put the work in and put your trading system together, I was wrong. 3 blown accounts and a ton of money spent on indicators later I finally realized that this info is GOLD if you want to succeed, so please trust me when I say he is right and save your self some time and money and do it properly. Thank you VP for your content, you helped me a lot with my trading and also to get out of my own bubble that I was in, I just wish I would have listened earlier.
Just started today and don't know anything about it yet. Any tips? I am very patient however.
Start putting your strategy/trading system together.
Test a lot of trading indicators and trade on demo for at least 6 months to make sure that your strategy works...
That’s my advice from what I learned so far
@@I_AM_3.6.9. Consume all of VPs content IN ORDER. Trust me
conclusion :
1. don't use same tools everyone else uses. seek out new ways to trade
2. don't hang out where the popular kids hang out. because the big bank can manipulate it
3. don't trade the news. the big bank allows them to move price where ever they want. stay away from the news poll
4. get your money management figures out.
Hey mate you have a wonderful voice tone. Its so clear also its not boring .
I'm 18 years old and just got into forex trading a few months ago. I've been mainly using demo accounts, but I'm getting more experienced everyday. Videos like this help me understand so much more, its like music to my ears. If you have any quick advice for me that'd great. I love your videos! Thank you.
No advice, just watch the videos. It's all there.
Im not investing right now since i dont have knowledge to do it, but by watching this , it makes me excited so meaning i learned something interesting so i subscribed. and i will watch more videos to learn from that i know will help me to be a good trader when i start trading.. keep up... Thanks a lot
Wow, just wow. I've come back to this video after a year of first originally watching it. And I've recently started ICT's mentor course/being in his forum after following your blogs guidance. Who wouldve thought that I wouldve stumbled across ICT? I guess the seeds mustve been planted last year.
Thanks alot!!
Success is about focusing Your energy on what creates results and using what you already know
Exactly what I have been doing new to forex however worked in finance for twenty years and knew the banks game the market... so glad to see this content to confirm that my gains are not just beginners luck! Thanks for the confirmation!
I like how after 2 years he still likes comments, thank you VP, i am now a funded trader thanks to you, i might write on the testimonials you have on your website
Definitely do that. And congrats!
100%
I found your podcast three days ago and I am binge watching this channel now
VP! This is the video that started it all about 2 weeks ago. Been working with Forex for a little over 2 years. Did some demo, went live on a cent account.
Lost about $400-$500 over 4 reloads. At one point I doubled my account twice. Then gave it ALL back in a matter of days.
During those 2 years, I've watched over 150 videos. Read umpteen news events and forecast documents.
Back to 2 weeks ago, I crushed AUDUSD and was subsequently flattened by EURUSD. I was on the verge of quitting. I knew my main issue was money management. But I was trading alot on feel, FOMO, and S/R.
This video, when talking about "dumb money" hit real close to home.
Later in the week, placed 2 trades on the daily...best day of trading so far. Small winners, but I wasn't constantly checking my phone at work for entries and movement.
The way your content is laid out is fantastic. You encourage your following to do their own work. In fact, no hand outs here. Even when you give away indicators and strategies a lot of work is still required. Therefore, you are building stronger traders.
Thanks Dude,
Rejuvenated Trader
Shagdidz
Love this.
What you said! Saw this about two weeks ago. Lucky me my summer holidays started a few days after, and I am now close to having consumed all of VP's content, babypips included. Decided to take a step back and make more organized notes because they got a bit messy and I wanted to have the Podcasts and RUclips videos mixed in the order they came out, that is why I am seeing this video again. Been playing with Metatrader 4 and indicators not in the Dirty Dozen for the first time, have found the Disqord channel (they actually have a "back-testing" robot that looks very helpful to speed things up), and I am now getting ready to do some real back-testing. So glad i found NNFX, it is very inspiring!
Shagdidz. I am totally new at this , but cant you put in a stop lose to prevent big loses Nick ????
Keep in mind if you’re learning that all is futile unless you have your trading psychology right. No matter how good an analyst you are, no matter what indicators you use, without the right trading mindset, you will never be consistent. And that’s a fact.
would you care to elaborate on this trading mind set you speak of? I just gained an interest in learning how to trade but im well aware a skill like this takes time to cultivate. I'm willing to absorb any useful game anyone is kind enough to share
Man, your videos are gold. I've only been learning for about 6 months, taking it pretty slow.. but this is by far some of the best information I have come across.
Actually I have come back to watch this again and I just felt I can't seem to get enough of this video like I said last week in one of my comments .
Just came back to thank you. Watched your video a while back. You changed my life.
this make absoloute sense, thank you for your time, i immediatly turned off the news when you said it, the news said everyone is trading gold i jumped on it, 10 mins later trade dropped right out the money, this video is a gold nugget, i just need to try and find a strategy and make a plan.
Welp... I'm completely new to forex.... glad this was the first video i stumbled upon, thank you
Check out my beginners video, and it will guide you through the material.
No Nonsense Forex awesome, I understood all of the points mentioned in this video pretty well, but I will definitely study that beginners guide. I want to do it the right way, fuck the popular way
thank you so much! finally found a legit forex mentor! not like those youtube mentor that just want to sell people overprice course! God bless you sir!
This video is by far the best video, and my goto for sentiment. I can't believe they actually disclose this information and never understood what it meant. Thank You.
Your videos are like audio books for me when I’m out running ❤️
Watched this and took notes a few months ago and man going back and re watching it I’m going up up up 🕯🕯🕯💎
That might mean that the volume is potentially causing the reaction of the banks!!! Thus not being on the favour of the technical analysis guys!!! So we do have to do our analysis but after that it is like flipping the coin with a good management ....as a total newbie I have to congratulate the inventor of this game!!!! Genious! Probably deserves the millions of bonus!!!!
You are the voice of reason. Thank you for making excellent, honest videos.
Over 1,000,000 views! Excellent work exposing these people to so many, VP! I appreciate everything you do and always look forward to more.
I love that you don't sugar coat things. Thanks for the awesome educational content you provide. This made me understand so much.
One of the best videos ever seen about Forex.
I'm 13 and I just started learning how to trade and I have learned so much from these videos thank you🙏
You're the next bil gates kid. Good job!
the fact that he still likes our comments after 2 years making this video, you know he loves us. thank you man! i am new in the market and this video has changed my view
You are so lucky as a newbie to know this.
15:10 (on that eurchf crash) my quantitative economics lecturer once told us that we shouldn't follow textbook stuff when trading and this is exactly what he meant
This is very similar to the "paradox of unanimity" - 'it suggests that if we have a tough situation or a tough question in front and the vast majority of people choose a solution, it is more likely to be incorrect'
I found you on Spotify and now you got me to your RUclips channel. I just wanna say Thank you for your honest work! And I Will stick with your plan a 100%! I got a lot to learn and I love it😍 I was actully pretty lucky that you was The first guy I found for a "mentor" in forex trading. Keep up the awesome work that you do and have a great weekend!
-Saying hi from Norway
This video reminds me of when my brother told me there was no Santa. Thanks for giving me a reality check.
You are truly blessed. I have to say that I’m in my early forties and just started trading. I know I can’t get the time back, but I can put in effort, and with the help of a trade analyst I’ve compounded $12k in earnings. I’m glad I came across your content. Keep it up!
VP! (you're the "Style" *(Neil Strauss) of Markets & Trading)
Big Shout out to you from Germany!
I've been trading demo & live for +9 years; managed to wisk away tiny fortunes over the years.. and I'm now backtesting the difference maker you've inspired!
Respect Bro!
May the Pips be with you.
2nd vid of yours I've seen. Just wanted to pop in and let you know I appreciate ya. It's hard to find entry level content that isn't a scam. If this is a ruse, it's a good one. Thumbed and subbed.
Why have I not been recommended by youtube algo?!?????? Great stuff! Thank you!
I'm here from reddit months ago. Damn even my life perspective changes outside trading thanks to psychology videos of this channel
I haven't even started trading yet but this video is way over useful.... its insightful and as much as it's long it was worth every second I listened and watched.
I really love this vid and appreciate the effort. Thanks, VP! My questions these days are finally answered. For almost 8 out of 10 times, my positions are wrong which were based on "the dirty dozen". I was really confused and somehow I felt that the price was manipulated just to go against those who know well about popular theories. I seriously doubted my method, because it was no better than plain guesses which at least has 50% winning rate. I will keep learning the rest of your vids. hope one day I will stand next to the 1% of winners.
Each video gets better than the last but this one has blown me away. Slowly working my way through these playlists you have made and I can’t thank you enough VP!
WOW VP! I am REALLY impressed at the detailed quality of this video....and I actually followed and understood what you were teaching. I want to begin trading ( I did big Commodity & Stock Options Courses years ago), but I want to really understand the HOW TO's of Trading before I actually begin. I have subscribed to your Channel. Thank you very much indeed for making everything available to us!
thiis video is so original and no one actually talks about this subject !!!
So in conclusion, I’m not the problem!
That’s all I needed to know.
lol
Every now and then I go back and listen to this one. Sentiment 'generally' is to be used on what to avoid.
What if this video was funded by the big banks. Now I have trust issues.
@brucebenward Bruce will do , thanks Bruce mate 🤣
@brucebenward Bruce lmao you sure it is only 10k a week, and not 10k a day, mr..BS?
@brucebenward Bruce is an advertisement or something? When you talk about figures, it makes it so suspicious!
@brucebenward Bruce scammmm scammmm scammmm u guys should avoid such rubbish
Lol Trust me it’s not. They’d probably pay to have this removed. If you truly understand what he just shared you’d be have quite a different perspective. Watch it again, Test it out and come back here.
Listening it for the 3rd time.
Thank you for helping us to avoid costly mistakes.
This is the most important video forex traders should watch.
This is the best Channel about Forex trading that I've ever seen!!! And by far!!!
This the biggest AHA! Moment I have ever heard!, Will be following you closely, Thx!!
I saw this video earlier but did not understand it fully until I started losing money. Thank you for it make very good sense and knowledge.
Game-changeing, never subbed this fast
one of the most eye-opening videos on forex out there!!!!
Can’t wait to watch your other videos...
Definitely recommending this channel!
Fabulous video!
It's wonderful that you share this with the world and explain it in detail!
Hmmm....no yelling, no screaming, no acting like a fool....no bullshit, easy to follow, straight to the point. What the hell is going on here? Subscribed....
Simply wow. Great presentation. I really like the way you narrate the story. I am actually a victim of this. I started trading Forex in Apr'20. Lost $250. Used popular tools/set-up/5-15-60-4 Hr TF. Two weeks ago used weekly TF and traded on daily TF. recovered all the losses and ended the week with $50 gain. Last week, followed the same strategy but lost $350. I didn't trade this week. Next week, I am gonna try again. I now understand who took my money. Bds.
You really have to hold based
on what the trend is doing..other wise if it’s not doing what they are doing then they want to trap them in like they did to you..this happens when traders starts to be greedy and trading back and forth
I just want to say to those who are making a lot of money, please donate some educational material, share , give back knowledge!! We should help everyone to grow and be better. Don’t you want everybody around you doing great? It makes me so happy seeing people doing good.
Time to evolve and be good one to another.
Some tips in pips, indicators, money investments, taxes etc ..
and No nonsenses forex thank you so much for already doing it, you are the king of people I call real superheroes.
I appreciate it.
This is more than likley true and unfortunately the power in this world cannot be obtained by "following the pack". Great video, im just starting out myself and would have easily fallen for the trap like a lamb to slaughter....keep up the good vids and ill let you know in a years time if im rich 👍🏼
How far?
+200 note pages already written down only from your channel and blog. (Guys read the blog, a lot good stuff there!) VP, you help to my trading performance x1000 times, thanks man!
Am just finished with few notes
"Well I'm sorry instant gratification guy". That should be written on stone today! lol
This is the third time ive watched this video. Subscribed!
Loved it thanks, totally changed my perspective, taken with a grain of salt but defiantly used it to season my steak
At one point in my trading journey I was on such a loosing streak I just did the opposite of what I thought what was going to happen and those trades were most profitable haha