Did you purchased Area 51 ? If yes is the profit really 10 times the swing trading profit ?
Im not a student but im planning to be one because on my own i`m very struggling!
I`m following this guy a lot and i think he is great!
I though he wasn`t using any indicator.
Anyway i still a bit confused about the entry point, do you use a entry order on the FIB level or you wait for more confirmation?
What happen if you don`t get the any retracement? Like CAD/CHF?
So heres my review. This course is not for complete beginners. He uses loads of different concepts and it’s actually pretty difficult to understand. On top of that, I’m not sure many of his students could go away and do the analysis and take trades independently. I reckon most of these people will be relying on him forever.
He uses 3 strategies:
Impulse/correction
M and W formations
Trendline/counter trendlines
He analyses the monthly, weekly or daily and takes trades on the 4hr.
So if he wants to sell, the first thing is he’ll wait for 10ema to be under the 20ema and for the macd signal line to be below 0. That gives him the bearish bias.
Then he uses price action and fibs sometimes. And he also uses ‘special numbers’ 20/50/80, he mentions something about high frequency computers using these numbers. So he’ll wait for a retracement to previous resistance with a fib level and at his special numbers eg if the retracement price is 1.5687 he’ll sell at 1.5680. Also if theres a trendline he’ll look for price to come close to that. Like I said, he uses a lot of different things. And someone earlier said he doesnt actually tell you when he’s in the trade. So I’m not sure if that means you need to enter yourself with his rules or he gives pending orders.
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That`s a 680euros answer. 
Anyway
I believe the guy is great and he actually gives a lots of education for free. Plus looks like he really cares about students.
@tradeforex077 It seems you know quite a lot about trading, as a personal opinion do you recommend this course?are any other educational courses you recommend?
im not joining his menthorship program but my analysis almost the same with him lol.
this video here also answer my curiousity about his entry rule since i ever see on his student review that posted by him showing 3 indicators ema 10 20 and macd.
thanks man.
Thanks for that but I’m always learning. I’ve read lot of books and watched videos and what I’ve found is it’s all basically the same. Some people add something, others remove things but in the end it’s all the same concepts. This is generally speaking about the majority of online educators, obviously there are some which use more specialised techniques.
I cant recommend this course because I’m not part of this or any community so dont know if it’s worth it or not. Generally I cant recommend other courses either because I dont know your trading style. Maybe you dont know your style either, what fits your lifestyle personality and beliefs. This is all important before you join a mentorship. What I’d recommend is take a bit of time to understand how you want to trade. Try demo trading and watching online- lots of videos on YouTube now. Then look for the person who fits the style you’re looking for. Other things to look for are: is the educator actually helping your trading, does he share live trades, how long has been trading and then are his students profitable, are his students helpful, can you learn this strategy and apply it independently. Ask current students, generally if students are making money they’re happy to share ongoing trades, analysis and give you honest reviews.
If a normal person can not explain the strategy or trade it himself or is hiding things like saying ‘I dont want to share the rules’ then I’d wait for more reviews from other people.
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I joined…its a waste
You’ve joined both programs ? ( swing trading and Area 51 )
Lol this comment doesn’t really help. Please provide reasons and explain why you think it’s a waste.
I joined both strategies.
First of all I’m not a competitor. These bad reviews on trust pilot are REAL!
I have been a student from black Friday on 2019.
Swing strategy WORKS! You can see Nik applying the rules over and over again.
Now, am I consistent? No. But why?
I am a new trader and I still make a lot of mistakes using the strategy. Even over-risking. This is not Niks fault though.
As someone said, Nik has made 80R corrently.If you take the exact same trades as Nik, then yes 80R is possible. But I haven’t and I find it difficult like someone mentioned above.
Now, A51 aka day trading is a TOTAL SCAM! DO NOT FALL FOR THAT ■■■■!
Nik promises 5 UP TO 10R PER DAY!!!
The average % per day promised is 5%
If you can make such a big return you will be the wealthiest person in the world in less than 2 years.
Makes NO SENSE.
Program costs 980€x1000 students = almost 1M
Nik is NOT making money from DAY TRADING, he is making from SELLING IT.
People are falling for that crap. I did too
I have been backtesting the strategy for many many hours, the real results? 20-30R per YEAR from ONE pair
Is this good? Yea, most traders lose money, 20-30R per year from one pair is insane. 6 pairs X 30R = 180R risking just 1% that’s 180% per year
Now seems legit
But A51 is the biggest scam ever. I don’t know a single student who makes profits with a51 aka day trading.
Also, ask Nik for a track record, he won’t give it you
Why? Because he is not trading the strategy
It doesn’t perform as he sold it to us.
Also on Instagram, he is NOT promoting profits from swing. He is promoting profits from A51
So you see the results you join the program because you want to day trade and you realize that A51 costs 980€
Most reviews on trustpilot are from people who just joined the program. When you join it, everything seems INSANE. After some months you realize that it wasn’t the best investment of your life…
Still in a 15% drawdown, I hope I can make back what I have lost
If I ever find consistency, I will be more than happy to share it with you
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Nik also started promoting A51 on the market breakdowns of swing.
He says ’ and from day trading we are making 10 times more’
TOTAL BS.
What Nik does on the fresh videos?
For example on Monday he shows you which pairs provided an entry and then gives you few pairs to watch for the next day.
But when Nik does not give you a watchlist for the next day, he is basically not taking the trades and just placing the RR tool there
For example, you may see 4 set ups in a day. this happened few weeks ago.
All of them were textbook, paper trades.
2 of them were winners 2 of them were losses
Guess what happened. Nik showed us the 2 winners. He didn’t even speak about the other 2 textbook set ups!!!
Also he once didn’t take a set up which provided 2 losses according the rules and he gave a bullishit excuse.
I emailed him asking for a track record. I also sent him this previous set up
He didn’t even reply to my email. I asked him on q@a , he said we answer the next day ( my email was being ignored for 3 weeks lol)
He told me to sent it again. I did
After 1+ week, no reply
He is just a good marketer and seller. If you had a strategy making 5% a day, believe you wouldnt be sharing it with random people for 980€
You would be making billions without telling anyone.
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Thanks for taking time to provide your valuable experience.
So, Am I correct in understanding that
- The swing trading course works OK if you apply the rules properly and gather some experience and it is possible to be profiable by applying Nick’s ideas consistently.
- The day trading course is a scam?
Yeah I bought it and been using it for a month.
Like a lot of people have mentioned in here the pairs on the swing trades are almost always exotics.
You do get a daily breakdown each day which helps long as you have taken the time to learn the methods he teaches on his videos.
Also a live group Skype call each week where you throw questions about a pair and he will take a look.
Is it worth the money, I would say no, it’s very expensive and to be honest you could probably just use the trading view analysis that he does and go from there.
As for the Area 51 section I am not part of this, 900Euro for that part, was hard enough parting with 600euro for the swing trade.
But we live and learn and continue the forex journey.
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Exactly, swing is amazing. The problem is you can’t swing trade on FTMO which sucks
And in order to make a living you need at least 100k …
Now, if you manage to take the exact trades Nik is taking then you will end up with the same results. He is not hiding his Losses or Breaks evens. So 80+R or something for the year so far.
Unfortunately, I missed some trades, I didn’t take some because of fear, I did take trades not according the rules and made lots and lots of mistakes.
Trading needs discipline. I know a guy who bought the course on June which Nik made like 20R or so, and this student had like 10k account, managed to make back what he invested for the course.
Now I hope as time passes I will be able to take the same trades as Nik. He said the average for a student to be consistent is 1year . I’m at almost 9 months.
AREA 51 aka day trading is a total scam yea. 5% a day with this strategy is unrealistic. The strategy doesn’t perform as Nik promised. It’s just a way to make passive income.
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Thanks you for the clarification and appreciate for taking time to respond.
Thank you.
Thanks for taking time to provide your experience.
Actually I did purchase both the mentorship program, and after 2 months also the area 51. I had been in other programs before and had terrible experiences, but with Niks programs it has been quite different. I was able to start trading the swing strategies profitably after about 1 month and a half, and that is why after that I use the money to buy also area 51, and it has been very good as well. I will be honest, it will take some time to master the strategies, but it is time very much worth spending. The area 51 combined with the swing strategies are giving me a very very good performance. I think that the unsatisfied people are simply the ones that like always blaming others for their lack of either study or skillset. More than giving us all his trategies, and answering questions every day, and giving us the setups with all the entries, I don’t think Nik can do much more.
Here is a lesson for all newbies. Never buy a course unless the seller can show you 3rd party audtited results. Most of these people are scammers and they don’t make money trading what they are selling - they make money by selling these courses to suckers. I know - i too was one of the newbie sucker once.
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Congratulations, if you have reached here, you are one of the laziest lad seeking for get rich quick scheme like me.
I have been involved with such kind of educational programs and finally came to know that everything, literally everything is available in books, online etc. (which these educational institutes are selling for quite high prices) but obviously we are LAZY and don’t want to dig and practice our-self (don’t worry, its human psychology to look for shortcuts).
“THERE IS NO SHORTCUT TO SUCCESS OR BECOMING CONSISTENTLY PROFITABLE”.
you have to work hard and practice immensely yourself.
THERE IS BOOK NAME
“TRADE CHART PATTERN LIKE A PRO” Specific trading techniques by Suri Duddella.
Believe me, read the book and you will find every technique entry, exit, trade setups etc. which these educational institutes are selling you at quite high prices and making their living from YOU.
There are lot of other books, educational material available from decades, and its same from day one, nothing new. Just, put some effort and read yourself.
HOW TO BECOME SUCCESSFUL:
- Learn any technical patterns, educate yourself and try to combine them (maximum 2 to 3 patterns/ indicators).
- Learn again and gain knowledge until its ingrain in your mind completely (make notes).
- Back-test the strategy and take all valid trade setups (at least 2 to 3 years of trades) and journal your trades (for every instruments/ pair/ commodity you want to trade)
- Make the summary, trade plan and checklist based on your back-testing.
- Back-test again your trade plan and refine your trade plan by mentioning valid setups, high probability setups, low probability setups and invalid setups.
- Perform final back-testing for 3rd time based on your refined trade plan.
- If you are successful and profitable month to month, quarter to quarter, then its time to go on demo account and implement your strategy, please don’t get deviated from your strategy (remember trading is 10% skill and 90% psychology).
- Once, you are profitable on DEMO then go live.
- Journal your winning and losing trades, and every week do your self review regarding the winning and losing trades, and keep refining your trade plan.
- Make a gallery of winning and losing trades and watch them daily, this will help you take high probability setups and keep you away from low probability setups.
- If you will skip any of the above mentioned step remember you will NEVER BECOME PROFITABLE AND MORE IMPORTANTLY CONSISTENTLY PROFITABLE.
NOTE: Educational material, How to backtest, trade plan format, journaling, self review formats, everything is available for free and online, you need to find yourself.
Regarding Transparent FX, if you don’t want to work hard yourself and finding shoulders to become successful, then go ahead, pay the FEE ! But remember, at the end of the day you have to put the effort, dedication and hard work to become successful. There is no holy grail and no professional traders, and trading academy, who can help you become profitable, unless you take the step yourself.
MY SUGGESTION TO EVERYONE, PLEASE SAVE YOUR HARD EARNED MOENY.
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would you mind sharing with me in inbox? 