The TRUTH About Flipping Your Forex Account...

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i really appreciate the fact that still there are people like you around

Maniboo-rj

100% right. Stock market is business. Truth is. Losses are expenses and profiles are net income. As long as net income are greater than expenses you are doing right. Everything is else is gambling.

jjimmydsouza

If u have a small account, then flipping is a great way to build money, I would risk 40% of a small account of £100 with a one to one with a wide stop and scalping 15 to 20%, worst that can happen is u lose £100

BalbirSingh-oqmg

Your right that’s gambling not trading. 👍🏽.

politendjarakana

If you're a trader, you shouldn't experience "Losing streaks". That just means your strategy isn't fully fleshed out yet or you're trading when there is high impact news. I had losses, but never in a row. THat just means your strat is trash or your stop loss is too tight for your strategy. High risk trading on a small account has forced me to almost try and perfect my strats. Myfxbooks is down as I type this, but overall in the past 3 years of trading Gold I have a 84% win rate (over 7, 000 trades: Scalper). This year I'm at 88%. Small account trading is amazing and fast tracks you to finding a proven strategy.

ruminating

Thank you, Nick, for being so forthright. I'm delighted I got to see this video.

TheForexApostle

I have flipped $80 to $825 but there is one problem with it and that is what I hate, it becomes an habit and you end applying same in your bigger account. Then, you regain your senses.At the end of the day, it does not worth it.

AYOADE-xq

i have been thinking about this acct flip videos not long ago and... you can just put $100 on one acct and $100 on a different acct and record yourself doing opposite trades every time... at the end just upload the ones that worked... spent $200 in your money and rake in the adsense money from the video that you uploaded (possibly thousands if they have more than 20k subs)... thats the real flip

geesusreyes

2:21 hey nick, i agree with almost 99% of your content and this is my opinion but a lot of people who claim to flip 50 to 1k in lets say 2 weeks of more, have been trading for years and have that experience to do stuff but i do belive it's misleading to the audience and that their audience 'donate' their money to the market.

Advice : anyone that wants to build up their small account I suggest swing trades more. It takes more patiance and you might not see quico results but it's worth it.

RickJuly

Trading with 1% of your account won't stop you from losing and blowing your account. It just take longer lol. I love and prefer flipping my account by trading with 75-90% of my account balance.

blackmaster

Nick u re right, I tried filliping my 500box account from news spike release, I lost everything, I have learnt the hard way, now am cool with price action, slow and stay

chinonsoogbonna

I don't think flipping is gambling is actually sort of the same thing as following a good risk management is just that u have less money in ur account so u cannot have a proper risk management that's it.and u also lose less money too.

Pro-elgt

with 5year experience on your belt. it is doable, literally double your account in every two weeks. i know coz im constantly doing it. but with bigger reward of course there is bigger risk too. and it is prone to blew up from time to time. its aggressive, i trade it with 10%-20% risk per trade :)

thendeslauwdy

a agree and disagree i know a very truthful trader who is very good and flips an account nearly every other month still using risk management and key entry's and exits. but you will not find him posting in youtube or inst

deanperry