I Tried Day Trading Forex with a $100 Account: Here's what Happened!

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[danialdehghani]

you survived with 1$ profit while trying not to profit.thats a pro right thereXD

[eurdrizzly]

Thanks for bringing some liquidity in the market

[IrajMatthee]

Lol!!! This is hilarious 😂 But in all honesty I did start trading with $100 and kept it alive because of the following:
1. Using a bigger timeframe
2. I don't focus on pips but aim for a daily percentage that's small and realistic.
3 know what to expect having compounded the account over time at that small percentage.

Thanks guys for bringing back my rookie memories 😂

[paulinemutheu]

i wish you traded the right way because there are people who only have $100 to start trading.

[nostalgicnow]

You were up 22$ I low key feel you blew this account on purpose because if you were scalping .. on a 100$ account that was high risk . You would've took that

[cartiercaper]

can you do a video on how to properly grow a $100 account

[greenpaladinfx]

The message you wanted to put out was right but they way you went round it was wrong, instead of randomly trading on the 1M and 15M timeframe without any proper analysis and then using improper lot sizes you should have tried to trade properly and then used bad lot sizes to prove that losing streaks can come at anytime to anyone and can wipe someone out if they don't manage their money, all you did was piss about and trade randomly and then use improper risk management and got lucky to come out of it with your money, new traders are not that stupid that they would analyse the market on the 1M alone

[Malexius]

This is real gambler live. Some guys are living in margin call day to day. Thats their drug.

[michaeljohnson]

I can definitely relate to this, i have blown a lot of demo account doing this. My demo account size, is exactly the actual size I plan an using in my real account. that's the reason this video was so helpful, in what not to do with a small account!! Much thanks bro

[mynamejeb]

i traded my 20 dollar account and grew it to 60 dollar with EUR USD, while using 1:500 leverage my funds are pretty secure against volatile movements. the returns are slow tho

[ozotto]

The capital don’t matter. The knowledge does

[harrytaylor]

I did this with a demo account. Started with 100k and traded no stop losses. Anytime i checked and it was in the green I closed it. I let the losers run. I got it up to 1.3M and then washed it in less than a week.

[methembethomastshuma]

100 dollars in america n 100 dollars in my country is a different ball game

[stephenbrewer]

That was a lot of fun. Nick I would like to see you do a video with $100 account and actually trade properly and see if you can grow this account. Thanks again for a fun video.

[KissMyCreative]

This video title is misleading. It should just be titled "what happens when you jump into trades without logic".

[bennyvreuls]

I love the fact you specified that is not a get rich quick scheme

[zerofloat]

this has really inspired me. exactly this how i have been blowing my several accounts. but thank you for the video maybe i should be keen next time

[BLACKFLAGGANGSTER]

Hey Nick, Mike here again just a reminder very gratefu for you and A1 genuine positive mentor-ship and BUT i want to aware you ive grown 100 dollar accounts(plural) consistently and recently just grew a 5 dollar account to 130 dollars and currently doing an 11 dollar account. I am not a scalper i am a long term trader btw. Just an opinion its not the balance that determines the outcome ITS THE KNOWLEDGE ON THE ANALYSIS, THE DEDICATION TO COMPREHENSION OF THE MARKET, AND PATIENCE. Now in addition to the outcome as profit potential you shouldn't target low volume pairs, there are actually a few pairs that move much faster than everyones favorite metal and probably just as lucrative as the US30. PS. When you can drop your balance to just under 2 bucks and grow it without over risking, COMMEND YOURSELF BECAUSE THAT IS A TRUE CHALLENGE.... Believe it or not everyone may not be able to afford 100 bucks or even 50.

[abuumar]

When i 1st started i turned £150 to almost £1500.

😁😁😁

And then lost £900 in 1 day.. and lost a further £500 the next and eventually had £50 left in the account.

And I couldn't trade for almost 4 months..

Thats how we do not trade people!!!

[tashingakeith]

18:38 rookie mistake at its best. Putting a buy position when your trade is below and just about to hit one of your longer moving averages. On my chart, red moving average is 200 and that’s when I either take profit or modify my stop loss and wait for some sort of movement past the 200 moving average. Now I typed this before that position was stopped out due to stop loss and I guess I was bang on!