The Demise Of DayFox & FX Amplified | Forex
Information | Currency | Markets | Fx | Video | Assets | Lesson | Trading
This update is a bit of a sad affair as I make the decision to remove a couple of traders from our site due to their poor performance. It's important to keep sight that FX Viper, TradeAlerter and SmartTrader have all been doing a great job over the past 12 months. What we need to focus on is ways to avoid this situation ever happening again through a more systemised vetting procedure that I detail more during this update.
Comments
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Nick - Remember The name 'Smyth Investments'. One day I'll be working along side you, I promise you that! #SmythInvestments
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Nick you need to chill, dont show any emotions if you lose money. If you want, you should just learn how to trade.
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Thanks for posting this, this is the reality of trading.
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Doing excellent work Nick! Thanks for the insights and all the leg work
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Nick There is only one way to win at forex and you have to open positions in the direction of the trend and let your profits run
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Great video Nick, I really like your website and the whole concept behind it. I hope more profitable and trusty traders will be added, currently the only really attractive trader I can see is "Smart Trader"
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I would be pretty livid, great constraint in this video.
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Good luck Nick. Sorry to hear about those accounts blowing up.
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Nick why dont you keep dayfox history on the channel and any other failed traders into a suspended account...instead of fully fired because maybe you could put explanations as to where they should have closed and why they didn't ...did they stick to their strategy or not...and why not (for example)...to be used for educational purposes...and then maybe the suspended traders will make a come back and if so can be used to teach other traders who have gone down that they can come back up again.
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Scalpers and daytraders are shit and especially those ones that can't get over their failing strategies. The way to trade is to put everything on moves that you suppose will bring thousands of pips after huge events..This means you might wait for opportunity to get into a trade for months...
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Not just Day Fox, Joel Kruger and a few others.
I really think this is the best thing on Youtube for retail forex traders as it shows how frickin hard it is to make consistent gains. The fact that only a few people on your accounts over the last year have been relatively consistent and they have pretty much all had draw down shows the realities of trading and that there is no holy grail.
2015 will be a good year for you and hopefully all of us. Keep up the amazing work and keep posting these videos. -
Hi Nick,
Appreciate what you are trying to do with the site but most of the traders are only making money by carrying hidden risks (inc Viper). Eventually this hidden risk shows up as per Dayfox & FXAmp. I have made this mistake myself in the past. It is pretty tough to make money in forex right now given the random walk/levy flight structure of the market. I suspect systems analysis won't help very much. -
Hey Nick are you looking for new sources for forex traders and what's your thoughts about binary options, and what's your Facebook