July 2016 Update - Win $500 every month inside our free trading room! | Forex
Information | Currency | Markets | Fx | Video | Assets | Lesson | Trading
July was a tough one as I dropped another $18k. I also talk about the drop in return for FX Viper as well as showing you how you can win one of three $500 live accounts every month! If you would like to chat with me and other forex traders please drop into the free live trading room on our site. We're open 24/7: https://www.forexsignals.com/trading-room-lp/
Comments
-
Hi guys, something that I learned it's to forget about the past, well let's be honest I do not have a gigantic account to worry about but nevertheless losing money hurt like hell,
What I mean is that if I lose let's say 15% in a single trade, A) I will make sure that it is not going to happen again, at least not on a single trade, and B ) I will go back to trade only when I can have the feeling that I am starting from scratch with a new amount of money but an important lesson learned. It took me a grat deal of time and money to learn this, but I know now that i'll be losers and winners, and there is no way to avoid the losers, with that in mind it is all about managing my risk, I have been improving since then, slowly of course. my apologies if my English is not perfect (not my primary language) : ) hha by the way I am not trying to sell you any risk management crap ! or anything like that, it is just a thought, to be honest with you managing risk it is another different animal ! -> still learning ! -
Hey Nick! Great and inspiring videos! I just wanna ask you what leverage do you use when trading such sums? Thank you and keep up the good work!
-
forex has no future and is harvested by bots, making it very hard to compete. (i am or was forex robot producer) Better to focus on some fresh new markets, where there are tons of "stupid money" and not so many robots.
-
Ask Walter Peter's very good trader, does longer time frames 4 hour or longer. tades price action using no to limited indicators
-
Good job Nick. Thank you.
-
Forex volatility is GONE !! Not worth trading it now in my opinion. EUR/USD 50 pips on its best day !!! GBP/JPY 100 pips its the new normal. What it means? It means you have to put a lot more money upfront ( more risk ) to make the same or less money !!
-
hi nick, what broker are you using?
-
Congratulations! I have just watched the first 2:00 minutes and you sound FANTASTIC. You sound like a PROFESSIONAL trader. Yes, drawdowns happens, yes they are emotionally hard. BUT, you are being honest and holding yourself accountable. You tried to game yourself and your diary. You were honest and confessed to the mistake. You are growing and learning.
You are well on your path and journey of being a trader. Keep it up and keep going, it is one of the greatest paths to walk. -
there is a floor in the $500 voting structure. What if the one with the most votes are wrong in their analysis ?
-
no stop losses over night?or how did u lose that much.
-
Thanks for the update. From what I can see, it could be worse? It seems bad due to a few big losers but fxViper is like still steady. Honestly, I wouldn't have started with the ones that have barely a track record to speak of. I'm talking about SteadyCapture, goldStar and smart2. Especially the last one. That big drop around 23rd of November 2015 should be a sign that something is off. Or if you really wish to stay with him, expect such moves to happen every once in a while.
Besides, it's like what two lesser months? That's nothing man. If you enter at the top in a stock that should be buy and hold and you enter at a bad time you might be looking at YEARS of drawdown before it turns. You are what? Somewhere in your 30's? You got plenty of time :)
P.S.: if you are looking for new traders, you might want to have a look at the competition (sort of, ya know TV...). There are some traders on there that have a lot of experience. Maybe they are willing to work with you? -
Nice one Nick, hang in there, just a suggestion go for the longer term, run at 0.5 risk, slow and steady. You gave me some great insights and profits and I want to see you make the 1M target, great traders great site, thanks.
-
The problem with Viper is that he does not have a real strategy. Tiny winners, waiting on large losers to come back is more of a timebomb than a strategy.
-
Hi nick what's your website I want to mirror you thanks
-
Love watching your vids Nick - keep up the good work buddy.
-
i believe in u and your project. 😊
-
Thank you for sharing mate! This is so inspirational. I am just a beginner in forex trading and this is very helpful for preparing my mindset. Keep up the good work!!
-
Nick, thank you for making me smile each month
I see these video and just want to know why all your investments goes against the US Dollar ?
Is all on currencies ? and whats the min amount to invest with you ?
Cheers.