Forex Trading: What Lot Size Should you Use? Risk Management Guide! 💰
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- Опубликовано: 14 май 2024
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so true. Im new for trading. I start my account with 200$ and in the past 5 month grow up to 600$ step by step. of course its not a money for living but I was able to gain some skills, experience and most importantly my confidence.
That's the exact mindset that can grow into bigger numbers over time. Cheers Alex.
@@TraderNick thanks man
This was great, I've been looking for "pips forex trading" for a while now, and I think this has helped. Ever heard of - Menabeth Pips Parapraxis - (do a google search ) ? Ive heard some decent things about it and my colleague got excellent success with it.
How’s your trading doing now?
2023 update ??
I love honest trader. Subscribed!
Nick it’s all about how you approach forex in the first place. if you chasing a lifestyle then compound interest won’t work for someone who wants to start posting on Instagram his flashy new lifestyle. But if your approach is business based you will appreciate 2% gain because you mentally prepared for the long journey. Well it’s how I approached trading after a year of stupid mistakes
Nick is really the best teacher in Forex
as a future trader since over 8 years I can say its a good explanation why so many people crashes their small accounts , why ? because they want to make millions or at least want to make a living from trading with a 1000 dollar account what is not possible. that's why they start gambling with 10% risk per position. you never get successful this way. all you can do with 1000 dollars is grow that account and maybe one day when you account hits 30k or more and you make your 10% a month , congratulations then you are a professional trader. greetings
what are you talking about it is possible.... its just rare. thats like saying its impossible to get rich going to the casino same thing if people treat it as such. Anything is possible at all times some of us catch it some dont
Real shit 💯
@@KH-mb1jg I hope your mindset has grown now
Perfect
U are right bro
This concept changed my game for good
AWESOME. Thank you Nick!! I needed to hear this..
When it comes to trading fx online, you should not be to optimistic. Not being greedy and being realistic are some of the important secrets of currency trading.
Believe it or not, around 80% of retail forex traders are actually losing money when trading forex. The main reason is that these traders are not prepared to trade on high volatility periods, and that they tend to be too greedy.
It is important to choose a trustworthy, reliable broker, and a suitable trading account, as this will be a big indication of your success in this market. Mr AlexPaton is a reliable broker. I do my trades with him.
[+1 872201 8317] that’s his working line. contact him directly
Thanks
the relaxing music in the back is so fitting for your style of trading :') much love, yet again nick!
appreciate your honesty and clarity /conciseness in teaching - subscribed !
Words of wisdom, thank you Nick!
Very honest and love the background music too it made me focused while watching.
Yes! This was MEGA Helpful! THis was very well explained and I understood every each step of the way! Thank You!
You spoke well, it show you know what you doing. I learnt a lot. Thanks for the video
Nice video nick....thanks a lot for sacrificing your time to give us this great ideas. Keep it up...
Thank you for such a good information
Thanks Nick, I am going to apply this approach right away.
Thanks nick your videos are great keep posting!!
Thanks for the good explanation 👍
Thanks Nick
Risk management is the source of all horrors in trading. The battle between fear and greed
Well explained. Thank you so much for this 🙏🏾
Extremely sensible class Nick thank you! This is key to being consistent. I am going to be more patient going forward to grow my account. ❤
Absolutely wonderfully put. Good work nick
This has really helped me so much...You are very level headed and you definitely use common sense when trading. Thanks for the advice. I will definitely take this approach to my trading and remain patient with the process. Every good thing takes time!
you just sharpen my brain bro i've never thought about this wow
Binged on a couple of your videos and I must say it's super insightful. Now I know where my go-to Forex Educator is. Super Transparent and Understandable. PS: I heard the part were you said you are not so good at math and I could totally relate. It's however hilarious how a lot of people think that you need to know a lot about Math to Trade the Forex market. I think you should make a video explaining this myth.
Good advice! Protecting the account and not hoping for luck in gambling is the right mindset.
You're Drawing with Snip&Sketch in a Paint photo, this must be NEXT LEVEL!
the best explanation , love it nick !
Your telling the truth! keep up the good teachings Nick! BROVO
So informative thank you man, i love you for this.
I was asked to watch this because I make type 2 losses and now I understand this thanks nick consistency is the game
Smart bro...super smart. I love this approach
I just wanted to thank you for answering with that remark and I'll appreciate the 1percentage per trade!!
Thanks man .. it really helped me
Now I can't stop stressing about risk management lol thanks nick I learn alot from all your videos what you said hit home I'd rather lose 5 times with good risk management instead of 5 times with no risk management in tact appreciate this content
You are doing great. Thanks for the information
This was great! Thank you!
Good stuff!!
Very well explained Nick...God bless you with more profit👍
You are a solution to the cry of millions...thumbs up bro...
Nick is the truth, a realistic approach to the world of trading
Unreal mate thank you
I love you Bro... You're one of the best
Nick ,you the man🤙🏽
really benefited. thanks mate
Awesome video tutorial Nick thanks
I love the way you speak
I enjoy the way you teach
I like your voice Nick....
Thanks, this was helpful
i keep my max loss under 5% of my account. what i play for lots kind of depends on what kind of SL i am willing to tolerate. Generally i work with a 20 SL usually. Where my loss tolerance gets really tested is when i have multiple positions. This is where i take advantage of leverage. Leverage allows me to have more positions. I have some running for days....months... and i do play short trades of a few hours. so...i love having the leverage allowance to this sort of thing.
Thank you so much traderNick
Fantastic video ,my father was in the UK LSE and he preached the same ethic
Beautiful!!! Am on the right track!!!!!!!!
This is fantastic Nick am so grateful for this video, you just save me from blowing my account. I had always think 10% to 20% risk is good enough for a big account but was dead wrong.
Thank you Nick. ❤
The reality of trading is not about flashy cars and lifestyles shown by those crooks. Hats off to you Nick. I wish I had found this video sooner
Super teaching , thanks!
''Risk is everything when it comes to trading. It's not about how much money you can make, it's about keeping money in your account and protecting the capital you bring to the table.''
thanks so much for that Nick
Thanks alot bro I can see that you are very wise
Thanks so much the video was very good and helpful
yep..your're right bruh ...
grew my account from 100 - 117 in 12 hours but instead of taking profits i kept the positions open... and in 2 hours i lost it all
now i believe smaller lot sizes are the way for consistent profits
Greed Always will take you down .... i blow up $700 this month ...but yesterday I made my first $15 with proper risk management and small lot
You are so right about it. I have other business as well. Most of the ppl not in the business construed us as we are making shocking income and still lay low. Trading is not a certainty but a probability. Almost everyone I met would be very interested to approach for the topic. Many are trying to step in without knowing the details or put in the patience to learn and end up losing money. I tried many ways to explain. Your video is a good wake up call to share with them.
Well explained, thanks dear
Exellent advice for me a begginner!
To be sincere, Nick, that leverage has really put me in trouble, as a beginner. All my account was blown out in just few days. But now, since I have been watching your videos, I have been so confidence in trading than before because the risk involved in my trade is not too much; It's affordable and bearable for me. If I have $50-dollar account, and I am risking $3 dollars, I think this is not too much for me. Thanks a lot. This is reality video, please.
I like the way you say. I didn't know this now I really understand this and I really happy about this, we must don't risk too much risk lots size because if you have small accounts it will blow all accounts. We must risk small lots size until we grow account. I was ask myself why I lose too much money because I risk too much then I find risk small lots size and grow account the day or week
Hi Nick - which Trading platform you use for your trading , which Platform your recommend for a beginner should be secured and approved by government authority?
Hi nick thanks for your video its informative. My question is my broker trade in gold in sell not buy, but now gold is in bullish pattern. Now im losing lots of my fund. Is that a bad move.... Thanks
you are underrated. Your video is valuable.
Great explanation!!!
Very important information here thanks.
Loved this thanks
Good video. Thanks for the help. Been trading for many moons and just given info I needed hear years ago. Working on the 50:1 . Let's see how good I can be!!
Hi NIck
I love your videos. What I can't get my head around is the price per Pip on the various examples you have shown us . I'm an older man Looking to try trading and I am very slowly learning the terminology of trading. I'm not very successful on the demo Charts. I understand the difference between the lot sizes 4, 3, 2, 1 and 0.10, 0.20, and 0.01, 0'02 etc. It's when I come to putting Stop Loses and Take profit I fall down. I somehow end up with a 1 to 2 ratio in favour of stop Loss. Can you work out the Price per pip please. if so have you a Video on it.
You are such a nice guy.👍
Brilliant advice
Yeah bro, share some profitable indicator to filter buying or selling entry.
Thank you Nick
Sir nick thank you I learn a lot your a good teacher
You are very welcome
Had I watched this some time back before I started
Thank you man
Useful video.. Thank you 💹📈💲😀
that hit the spot🙏
Hi Nick.
How many strategies do you use in your trading.
You videos are really educative, thanks Nick. I struggle with my Risk to reward ratio because i feel i always need to allow enough room to accomodate market fluctuations. I basically do scalping and i usually set my take profit at a 100pips while setting my Stop loss at 200 pips just to accommodate market fluctuations. What do u think about my Risk to Reward Ratio?
bro your risk is terrible. You have to make more than you risk. eg stop loss 50 pips, take profit 100 pips
Great content! This is one of the most honest traders I've watched. Thanks Nick this video has just saved me a fortune.
Glad it was helpful!
I had to subscribe I'm new at this :)
how do pipo manage to trade with low leverage of 1 to 30 in
europe
Business man at its finest
Good video 👍
Thanks Nick
Nice information Sir
Hi do you utilise 1 percent of your portfolio or do you use all but have a stop loss at 1 percent?
Thank you sir
Thanks man
Definitely recommended
This is very educational but I’m still a little confused on what lot size to use. Say I’m a scalper and my stop loss is 10 pips. I have a $1000 account and I want to risk 1%. What’s the lot size I should use to enter the trade?
I have a question.. is lower risk can get your SL easily hit?
Going great
thank u nick
Hello....sir,thank you so much for you kind information...plz say someting about Wyckoff trading metod...