Started a Scalper. Became an Intraday trader. Bacame a Day trader. Now I'm a Swing trader ._. But I still do all of them if opportunity presents itself based on the strategy

I needed to see this video. I am a swing trader as well but most of my friends scalp . My mindset starts to change when I’m around them but most of my profits come from swing trading. Plus I don’t want to sit in front of my computer all day everyday.

@tradermoe7571

3 жыл бұрын

I'm also a swing trader i'm not a fan of day trading , most of the time market is in consolidation so no point of of taking a ton of trades everyday

@tradermoe7571

3 жыл бұрын

@@MegaMalik90 SL depends on volatility I use ATR based SL during low volatility you can trade on the 4H and still has a 20 or 30 pips SL of course it will be much higher during high volatility , another thing would be the strategy you're using if you trade around key levels the SL will be smaller than wen trading in the middle of nowhere

@itssway5105

3 жыл бұрын

If it ain’t broke, don’t break it 💯

Only once you can confidently and comprehend jargon, strategies trends and data will you be ready to start trading.

@billyhowe5200

3 жыл бұрын

Yes many newbie traders lack the expertise required to trade on the foreign exchange market. Signing up for a fund management service is a better option for those with limited experience.

@mauralombardo8347

3 жыл бұрын

Billy howe May I ask what a find management service is all about?

@billyhowe5200

3 жыл бұрын

Maura Lombardo it’s a trading setup for traders with limited experience, that allows an expert to trade on your behalf for a 20% commission in return for the service.

@chrestellesavard3946

3 жыл бұрын

Billy howe Sir I’m new to the foreign exchange market, do you mean traders with limited experience should sign up for a fund management service?

@billyhowe5200

3 жыл бұрын

Chrestelle Savard yes, it also help to minimize your risk exposure.

Totally agree. I tried for months to trade the 5M charts, and nearly drove myself nuts. I was stressed out all the time and hating life. I was lured in by the quicker profits and by a trading system that worked well for the person I bought it from. But I finally had to admit it didn't work well for me because my personality and life situations are very different from this trader's. I swallowed my pride and went back to the daily chart and I am SO much happier. The extra time to plan my trades, combined with the between half an hour and an hour that I spend per day looking at the charts, are so much better for my trading psychology and outlook in general.

@brianmizway9324

4 күн бұрын

This is awesome! Thanks for sharing. This is the struggle I'm kinda dealing with. Then if I switch to swing trading I still keep thinking of swing trading tge 1 or 5 min chart. It just blows my mind to use a 4 hr or 24 hr chart cuz in my mind I would feel bored. And how do you create a stop loss they may not be needed till end of the week. And when would someone take profit? After 1 week? 1 month? I assume swing trading needs to be big amounts of money if your only gonna get paid out from a trade only once or twice a month?

Daytrading is hard and mostly you lose money. I’ve made actually money when I started traidiing 4h and daily charts

@TradingToolCrypto

3 жыл бұрын

Exactly, zoom out and take it slowly. Money flows in once you have patience.

@abdulrehman-lk1xz

3 жыл бұрын

same here. too much noise on smaller time frames which can knock you out of the trade even if your analysis is right

@mhrmusic5701

3 жыл бұрын

Ok but the stop loss is very far then ? You need to take small position no?

Most traders start out at as day trading because they want to earn money instantly, but as you gain experience just as yourself, you realize that money is made more frequently long term when you zoom out and swing trade. Leave the bots to intraday. That's what I do.

@brianmizway9324

4 күн бұрын

This is very interesting.

It's definitely less stressful for me, I've been trading for about a year and a half. And I've come to the conclusion that swing trading saves my capital, i make rash decisions when day trading and have lost a lot of money because of it. I learnt from another channel, be a sniper not a machine gun.

I think when u a new trader u have the excitment of getting involvd in the markets each and everyday. And seing urself making money in few minutes or hours. What we forget ad new traders is that we exposing our capital more with this mentality. Whereas finding that 1 perfect trade once a week atleast, that keeps u away from blowing accounts consistantly If we can be honest, most blown accounts comes from these in and outs of the markets everyday.

@dee23gaming

2 ай бұрын

Yep. And ditch the indicators too. That's just a big trap for new traders. Every market behaves differently, and some settings may not work for some markets or market conditions, and you'll find yourself tweaking settings endlessly to overfit your strategy. Clean price acion with breaks and retests are the best, especially in JPY pairs, because the fundamentals that drive JPY pairs create nice technical trends. It has to do with the Yen having negative interest rates, while other currencies have positive interest rates, so as long as there's no economic slowdown or fear in the rival currency, JPY pairs tend to trend upwards.

I have been backtesting both my zwing and day trading. I have definitely found swing more comfortable to me as well as providing high profits to Risk ratio. Still if i see a strong trend i wouldn't hesitate to get involved but i usually keep them only high probability and filter out the valid setups. But day trading takes a huge toll on you emotionally especially if you are new in the game

I only became profitable as a Swing Trader.

I think this video is the final piece of confluence I needed, to focus on swing trading instead of scalping.

I’m making the switch to swing trading too... day trading feels like a job

@freeyourselfmorowa9243

4 жыл бұрын

Seemore Truth I might end up doing the same... 😩 but I love the thrill of Day trading (but I find myself making more emotional moves when I Day trade...)

@karunnagraj8249

4 жыл бұрын

@@freeyourselfmorowa9243 you can't afford to go wrong while swing trading because it can go very wrong

@freeyourselfmorowa9243

4 жыл бұрын

karun nagraj same thing i was thinking because I'm new to trading it would probably be safer for me to day trade (to minimize risks)...thanks for the advice ☺️❤️

@debiagungte9466

7 ай бұрын

​​@@freeyourselfmorowa9243do meditation

I can relate a lot because I don't trade well when I watch the market a lot but when I swing trade I have a better success rate because I don't have to think a lot about short term price movements

I really agree with you.. let's do what we feel it comfortable and which suits us really

Thanks For The Advice :)

I'm also a swing trader less stress

Very relatable content Swing trading definitely gives you more breathing space and more time to work on other things and even learn more🙌

Another great video Nick. Your explanation is spot on.. do what works for you and keep hitting it

@tradernick8742

3 жыл бұрын

t•h•a•n•k•s•f•o•r•w•a•t•c•h•i•n•g❤️🤜•t•e•x•t•m•e"{+1,7,7,4,6,4,3,0, 5, 9, 4}❤️🤜

love every single one of your videos keep growing my friend 🙏🏼💯🦍 thank you ☺️

Dope video when u talk about swing trading it's feels like u speaking my language

I swing trade on stocks and scalp trade on forex It's just my Cup of tea

@smsaifullah

3 жыл бұрын

Here the holly grail there it is just grab it guys !!

I’m a day trader on the forex but I’m a swing trader when trading stocks. Now on the forex, depending on the market setup, I will swing it just to get a certain amount of pips before closing out for the day.

Yeah I'm with the swing trade vibes. If you can in the future provide us with swing trading tips and insight , that would be Awesome! Thanks in advance.💯

All i know is the market moves the same on every timeframe just in different ranges, which makes me think you can earn more day trading plus the fact that you quickly know if your wrong or right i do like. For example i have been in a swing trade where i waited 2 weeks for it to develop finally got in and then end up breakeven or loss that frustrates me way more then a quick loss tbf. But man idk i try to do both hahah

I love swing trading too

I love DT right now, maybe in the future when my time schedule is very occupy, then I take a look at ST.

Great video! Can you please make a video on swing trading using support & ressistent with rsi & stockhastic indikator maybe? Best regards🙏🏻

Swing trading is definitely the way to go. Day trading is not for beginners or even some intermediate traders. You make bad decisions, you overtrade, lose money repeatedly, get caught in news, gaps, session opens and closes, etc. Swing trading allows you to relax, analyse and just trade simple clean breaks and retests. It also allows you to focus on the economics, so you have a fundamental confluence to enter a trade instead of some random indicator on a random time frame with random settings telling you to buy or sell. Swing trading saves money and makes money. Teaches you patience and discipline as well 👍

Yeah..Swing trades treat very well in these days bro. Nice video

Thank's, i think i'm a swing trader too. Usualli i let the trade for more than a day.

Thanks

If you must day trade, use the 1hr timeframe as your entry. My advice.

Awesome video! I'm in Los Angeles, and by the time I get home from work every evening, I'm in the middle of the Asia session, which we all know is renowned for it's poor activity... So I've been staying up for London open (midnight here) and trading a few hours of London and getting 3-4 hours of sleep a night. That's just not working for me. So just last week I switched from 1 hour day trading to 1 day swing and worrying a hell of a lot less about the little changes in the market all day. It was a bad time to do it, because the market is just ranging daily up and down the last 10 days now, but I'm feeling very positioned for the longer moves the market is and will be making. I honestly didn't know the difference between swing and day trading till you pointed it out here. It was just what I felt was going to be better for me in the long run. Again, great video Nick! I watch them all!

@collin4227

3 жыл бұрын

Samuel will be the best option for you because you will be needing time to concentrate and with Mr Samuel, you will go long way.

@collin4227

3 жыл бұрын

@@deannabrown3717 @samtiego

@collin4227

3 жыл бұрын

+16145917814

@collin4227

3 жыл бұрын

+16145917814

@collin4227

3 жыл бұрын

+16145917814

It depends on your personality,day trading is definitely not for everyone,if you feel uncomfortable and have no clear sense at where the market is heading in the shorter time frame then day trade isn't for you

So how often a day or week you sit down and analyze? Once a day, week, ...? Or do you draw in several levels and get the alerts to your phone?

i find daily candles easier to put stop losses in the right places, easier to see structure if im up 200 pips bullish ill close the trade after the first red daily candle close, may end up with 120 pips instead of 200 but its a risk to ride the trend higher. also i feel daily is more accurate in terms of where you think the market may go. i would prefer to close trades around 10 - 14 day mark. but thats me

If you have time can u plz make a video of position trading

Focus on what you do best and master that!

I like the video without thinking twice

I've been combining both. I think I'd prefer swing trades. I don't want to stay too long on the PC. I might over trade.

@tradernick8742

3 жыл бұрын

t•h•a•n•k•s•f•o•r•w•a•t•c•h•i•n•g❤️🤜•t•e•x•t•m•e"{+1,7,7,4,6,4,3,0, 5, 9, 4}❤️🤜

This is very useful....I know some traders just want to see charts but it is also important to share your personal preference....Respect Nick

I know this is a long time but hopefully you Answer: how much is require to gorge swing trading route? Is there any follow up video on this one

From my point of view your trading time frame clearly depends upon your mental ability, psychology and risk management. I also trade HTF including 1H/30Min/4H and once you entered into the trade it takes time to hit the target and hence its a lot of boring work so to get the thrill and to maintain my psychology I also trade on Gold and EURUSD in LTF like 5/15Min with One Half or One Third Risk of what I take on Swing Trades.. So by this way my psychology remain calm

I feel the time frame for me its the day... but im struggling to have a position for a Month

You cant discount all the oppurtunities that Day Trading provides. Most people dont have the patience for swing trading even if its just as profitable. Most people just wind up turning their swing into a daytrade. On AUD NZD there was a 14 day swing trade that i was in that netted a 7R return. But i had to look at the weekly chart and sit on my hands for 3 days before it set up. In the mean time, i traded daily trends instead of weeklys and i found intraday highs and lows. ( So pretty much i daytraded in a lazy way to avoid staying on the 15 minute too long. If you trade on the 15 for too long, its gonna take a lot of trades to bring you out of drawdown. Not to mention the stress of missing alot of perfect entries that all the instagram gurus brag about getting on a consistent basis. Which smells and is of BS. Instagram gurus that trade on the 15 minute alot go through alot of losses that they dont show. So my point is that the higher timeframes form direction and if the higher timeframe direction is wrong youll lose most of the daytrades you take.

What's the maximum duration you will stay in a trade if the market stagnates?

binary options is good ......?????

the sound volume of this episode is too low. your microphone didn't work that efficiently.

Can u make video on Elliott wave?

In my studies I just came across harmonics bit it's so damn hard, do you guys think it's very important to learn harmonics?

@_kirbis_2721

3 жыл бұрын

Dont just do priece action

Keep it up 👍🏽

Nick in your honest opinion, how much do you think you could grow $100 in forex to in a year considering the strategy you have and what you've learned over the past couple years

@TraderNick

3 жыл бұрын

I would shoot to grow it to $130. Unpopular opinion, it takes money to make money!

U need gang capital in order to swing trade

Swing trades for sure

Nick, you are the true forex guru :D

🙌🏼🙌🏼🙌🏼🙌🏼🙌🏼🙌🏼

Making money is very fun

Hi nick, im a swing trader on STOCKS. Would love if you can make more contents for stock market

What’s your biggest tip for someone just starting out and wants to learn over the summer without spending tons on a paid course?

@kindness6878

4 жыл бұрын

Biggest tip from my opinion is to practice demo a few months. Keep on learning and learning from your analysis and once you have created a winning strategy and know how to read the market then you can go live. Most important tips are; No emotions No greed and No revenge. You must be emotionless and know how to feel positive in a negative trade. Never give up and always learn from your losses.

@CasasINNOVA

4 жыл бұрын

My advice would be to backtest a strategy, dont simulate on demo yet, its a waste of time if you dont know what you are looking for. Look for the swag academy, he shows you how to backtest for free, he is the best free content creator on the web right now, not just youtube, cheers.

@jeoffreyecija9454

4 жыл бұрын

if you are starting its better to daytrade.. that way you can learn the ropes , the ins and outs of trading. if you master daytrading then do swingtrading..swingtrading is more of a guessing game and needs more luck

@CasasINNOVA

4 жыл бұрын

@@jeoffreyecija9454 Swing trading is actually less caotic then day trading, the charts are much more predictable and tend to behave in a exact manner in certain areas.

@jonoliver5143

3 жыл бұрын

HDCasas I like swagacademy but I find that he never shows using his strategy’s live. Anyone can show a strategy on a chart that’s already been laid out

News nah technical analysis yeah

@conradnal8934

2 жыл бұрын

With swing trading is it really needed to read news?

@debiagungte9466

7 ай бұрын

​@@conradnal8934 I did not use news for trading iam using technical analysis for swing trading

@debiagungte9466

7 ай бұрын

​​@@conradnal8934I use both price action and indicator best channel to learn trading in fortune talks and tradecity youtube channel for price action

Hi

Never like scalping and day trade. I'm a swing and position trading.

If say USD moves 50 pips on a day chart it will be the same pips on a 4H?

swing trading in forex is not ideal because forex movement is based on news. News happens and changes everyday. But there are some pairs that are ideal for swing trading you just have to figure out and check out the different pairs. .gbpusd is one example. its because brexit news comes out every now and then and they can make trends.

Easy to get distracted with so many strategies

Trader....selling t-shirts on the side. ?? focus splitt/

@TraderNick

3 жыл бұрын

I do not trade 100% for a living. Multiple sources of income is always the way to go! Entrepreneurship 101

I am a cryptocurrency trader. What are the differences between crypto and forex trading? Can you make video about this? :)

Love from India 💝 can I get a like

No offence Mr trader nick your content is getting really dry now.

@rogerfernandes2745

4 жыл бұрын

That's a subjective term. Personally I'd prefer content that keeps me grounded in reality than hype which would keep getting me excited every other day... From experience I know that that's the sure road to ruin.