danberg:
Now, let's talk about Forex brokers with the best services.

From my modest experience-and I've got quite a bunch of it-I know that many Forex brokers out there that we know are really nothing more than

bucket-shops or white labels at best. So, there's a limit to the good you can get from them. Sadly, most Forex brokers are not honest and genuine

in their dealings with a largely ignorant public and so, they fleece people of hard-earned money through seeming technically enigmatic procedures.

Forex brokers are basically ECN/STP or Market-Makers or a mix of both.

kensandrea:


Forex brokers are basically ECN/STP or Market-Makers or a mix of both.

please whats the meaning

winnieG1:
Guys check out this forex manager I discovered at Mql5 website. he is doing exceptionally well. funny enough, he is a Nigerian

https://www.mql5.com/en/signals/153176#!tab=history

danberg:
Hi guys, guess you are enjoying your weekend. I have an interesting and very educative article for you written by Chris Pottorff. Enjoy!

A Forex Trading Plan: Limit Your Greed and Make $53,000 Per Month After Two Years[size=8pt][/size]
December 14th, 2012 by Chris Pottorff | Category: Trading Psychology

Note: After reading this article, make sure to read this newly published article too: How to Become Multi Millionaire Trading Forex, with a Proper Trading and Risk Management Method
The title of this article resembles the seductive sentences you see a lot on scam and phishy or HYIP and Ponzi scheme websites. Please don’t get me wrong.

I am not trying to refer you to one of these programs. I want to talk about one of the most important reasons of forex traders’ failure and show you a good way to overcome it.
I don’t know how long you have been trading Forex, but you can be among those traders who have been trying to make a living or at least a

supplementary income through Forex trading, but have not been successful so far. There are a lot of people who have spent several years to learn forex. They have tried so many systems and strategies but they still lose. They still think that they have not found a good system and their problem is that they don’t have a good trading strategy, but they are wrong. They have had several good systems but they have not been able to make those systems work and make money for them. They know much more than what they should know to be a profitable trader, but they still

read and learn more and more and still they think that they have not learned enough.
GREED is the most important reason of their failure. They have not been able to become a profitable forex trader because they are greedy. Because they are not even aware of their greed. It controls them and pushes them to overtrade and take wrong positions, but they don’t know.

Greed is a normal emotion that everybody has. If you have not been greedy so far and if you think you are not greedy, just trade forex and see how greedy you are. This is normal. Everybody likes to work less and make more. Everybody likes to become a multi-millionaire or multi-billionaire within the shortest time but the problem is this strong desire can not only prevent you from getting rich, but it doesn’t even let you become a

profitable forex trader who is able to make a steady small income every month.
The problem is that sometimes we don’t know what greed is, what it does and how it works. If you overtrade; if you take positions when there is no strong and sharp signal; if you take the position while it is too late and you should wait for another trade setup; if you push yourself to trade

every day and when you don’t find a trade setup one day you feel angry, guilty and uncomfortable; if you try to double or triple your account within the shortest time; if you get furious when you see you have missed a good trade setup; if you take too much risk and trade more than 2-4% of your account; if you don’t close a wrong position as soon as you are realized that it was a mistake; if you follow several trading systems and

strategies because you want to have as many trade setups as possible every day; if you still look for e-books and articles every day and you read them and follow and try their directions and you are not happy with what you have learned; if you like to trade with small time frames to have more trade setups; if you set a big pip or monetary goal for yourself and you get upset when you can not achieve it… THEN you are not able to control your greed.

I don’t say you are greedy. I say you are not able to control your greed. Because everybody is greedy. The difference is some people are able to control their greed and some people are not.
Now let me share something with you today. Then I will tell you what to do to become able to control your greed and become a profitable forex trader. Please read the below paragraphs to see what made me talk about greed:

Last Friday the daily candlesticks had formed a very strong sell signal with several currency pairs including NZD-USDwhich had the best trade setup, but unfortunately market was opened on Sunday afternoon with a big gap, almost in all of the currency pairs that had already formed a trade setup. Usually when market opens with a gap, it is used to go against the gap direction and fill it because those traders who already had a

position from the last week, when they see they are in a big profit because of the gap, they get overwhelmed and close their positions to collect their profit and so price goes to the other direction right after the market open. But last night it didn’t fill the gap and kept on going down. In these cases, I just call it bad luck and then forget about it and wait for another trade setup. I never enter if I am late. If I can enter on time and

with the price that I should enter, I do it, otherwise I ignore the trade. This is a very important aspect of discipline that a trader should have. Our greed pushes us to enter even when it is too late. I know it is a pain to see a good and a strong trade setup runs away from you while you are not on board, but this is part of the game too. We can not catch all the movements.

danberg:
Thanks Mustard. I will look into that after my trip outta Nigeria. Hopefully, we'll see then. And yes! They are true life stories.

danberg:
Guys, thank you for reading this:

There's an URGENT need for well-meaning traders, and I mean those who have got what it takes-the professionals to help clean up the image of Forex in Nigeria. It is no news that Forex has acquired a near-evil reputation, no thanks to the charlatans and scam artists amongst us.

It is in view of the foregoing that I would humbly implore the Forex professionals and fund managers in our midst (listed below) and several others too numerous to mention, who have made huge contributions to the growth of Forex industry on Nigeria through their immense contributions here on Nairaland and elsewhere, in no particular order:
natruetalk
naijababe
infofirst
raycolz84
benpuzzy
sojman
kirinwa
fxbomovi
forexmarts
seyejohn94.
Omejoe
endfx
dboy365
JAkpayen
12ema
drpips1
iheanyiebeneze
melac
mez
willscolf
birikiti
pipsurgeon
wapmaster001
mikkeyj
ponzi
jamace
honeric01
surveycash
currentprice
Gbengazzee
Edd1e

to Join hands with me in building a platform that would give more credibility, respectability and build trust in Nigerians.

The truth is, there is so much money, I mean hundreds of billions of Naira within our financial system that many of us who are already qualified, ought to be managing by now and not the $2,000-$5,000 many are currently subsisting on. But this is not the case because previously, the players on the Forex landscape, were either scammers or honest-to-God dudes who couldn't trade to save their lives but thought they know how!

If we come together to build a platform that would be recognized nationally, we would attract millions of dollars and join the rest of the big league in the US and Europe managing billions of US dollars. I know what I'm talking about. Two of my foreign based students are already managing over $1m each in their respective countries.

Let's meet on Skype, I've already created a group on Skype for this purpose. I chose Skype because we can have meetings in real time and view documents etc. IF YOU ARE JOINING ME TO CREATE A PROPER PLATFORM AND WEED OUT SCAMMERS;

Then click this link to Join us: https://join.skype.com/e1IelrngK86x

See You There!

Thank You

omoluka:

I really want to learn Forex from seasoned Forex trader like you,how can you help me?

LadunaI:


Thanks brother for all your wonderful write up and posts , it was whole inspiring and indeed informative.

To begin with your creative vision of having a well organized forex platform for professional forex traders in Nigeria is long over due and highly needed in Nigeria context of today.

There's indeed power in synergy and collective effort brings excellent results. I am greatly in support of your project and more than ready to be on board.

That been said, I will like us later in discussion to come with best practise principles base on industry standard and as well rooted in our collective experience of trading over years, that will serve as compendium to aid in making us all become well groomed professional forex traders.

Lastly, I will like you not to relent in this onerous but awesome task you set out to achieve.

God bless.

kensandrea:


AM A newbie on forex please can you mentor me i would really appreciate

Cedari:
Thanks for this trend. I am a newbie to FOREX trading. I have decided to learn FOREX trading after wasting my money on a guy who claimed to be an expert. My investment was wiped out in just 2 days. I guess he used me for practical. Now am in and ready to take the risk go through the pain and sweat the sweat. All I know is that if people truly make money from FOREX, I must also make money. Believe me, I hate my job but am stuck to it cos i need cash. Am here now to learn, please help a brother with the best and sincere advice you can give a newbie.

Thank you 1 million times.

danberg:
Join my class on Skype: add 'FREE Strategy Training Class'

kensandrea:


please is they other way i can reach you as it is not possible for me to join the skype lecture..

please i really need help

danberg:
Okay. I can arrange for you to have a 3-day intensive coaching. Let me know if you're interested.
Cheers!

kensandrea:


YES I AM FULLY INTERESTED... HOW DO I GO ABOUT And if there is a fee let me know... and i hope i can grab everything in 3 days

rozayx5:
hi guys


seen the thread has calmed down but we still going strong


forex is not a freind of small capital anything below 10,000usd is dull

incredibleace:



It seems you are using renko chart with an MA

rozayx5:


yea with kijuns

rozayx5:


yea with kijuns

incredibleace:


Interesting...I dont know anything about kijuns,i would love to learn how you use it

rozayx5:



http://ichimokustrategy.com/ichimoku-strategies-the-tenkan-kijun-cross-setup/

rozayx5:



http://ichimokustrategy.com/ichimoku-strategies-the-tenkan-kijun-cross-setup/