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Forex Trading - Season 14 - Business (199) - Nairaland

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Re: Forex Trading - Season 14 by Cul4real(m): 5:17pm On Nov 27, 2014
Pipsland78:
Sadens me to see so.many young novice traders lose money everyday because they think forex trading is a quick way to get rich. They over-leverage, risk so much and have no real discipline thus unable to truly stick to strategy.

Day trading and setting all these 50pips-70pips stop losses is a recipe for pain and loss. I was like them for many yrs but I grew in the mkt and learned how to trade professionally.

FX trading should be treated as a business with long-term plans, not a lottery or get-rich-quick fix.

Stop day trading and be a swing trader or investment trader. But I know 99.9% of folks in here wont take this advice and will keep committing same blunder they've always committed and thus keep losing - or at best just going in circles. But to that 0.1%, I say congrats.

Happy thanksgiving!
Please, what leverage and volume you can suggest on $100 capital for a beginner using MT4? Thanks.
Re: Forex Trading - Season 14 by orpeeh: 5:19pm On Nov 27, 2014
i miss natruetalk, naijababe, yomexy2, surveycash, leopower and frenchman. hope you guy will soon be back from the fta leave?
Re: Forex Trading - Season 14 by natruetalk: 5:28pm On Nov 27, 2014
Pipsland78:
Sadens me to see so.many young novice traders lose money everyday because they think forex trading is a quick way to get rich. They over-leverage, risk so much and have no real discipline thus unable to truly stick to strategy.

Day trading and setting all these 50pips-70pips stop losses is a recipe for pain and loss. I was like them for many yrs but I grew in the mkt and learned how to trade professionally.

FX trading should be treated as a business with long-term plans, not a lottery or get-rich-quick fix.

Stop day trading and be a swing trader or investment trader. But I know 99.9% of folks in here wont take this advice and will keep committing same blunder they've always committed and thus keep losing - or at best just going in circles. But to that 0.1%, I say congrats.

Happy thanksgiving!

na true talk boss

1 Like

Re: Forex Trading - Season 14 by natruetalk: 5:29pm On Nov 27, 2014
orpeeh:
i miss natruetalk, naijababe, yomexy2, surveycash, leopower and frenchman. hope you guy will soon be back from the fta leave?

i dey my coner dey enjoy oyel. making money sweet when u are on right direction

Opec finally gave us bonus today Thank God for oyel make my month brilliant
Re: Forex Trading - Season 14 by natruetalk: 5:43pm On Nov 27, 2014
natruetalk:

i dey my coner dey enjoy oyel. making money sweet when u are on right direction
Opec finally gave us bonus today Thank God for oyel make my month brilliant

closed all my Sell for now with guud pips

bought again with 100pips Sl
watching dis zone carefully, a breached will make me close d trade and look for for more sell 2morrow

Re: Forex Trading - Season 14 by 12ema: 5:56pm On Nov 27, 2014
Cul4real:
Please, what leverage and volume you can suggest on $100 capital for a beginner using MT4? Thanks.

Sorry to tell you this but your journey might be very painful because of the amount of money you intend to start with. It's possible to start small but the secret to success is trade small and have plenty of patience, which of course you won't have and won't do. Most people think that trading brings instant success but the real successful traders trade an account for years before they see any real money. I am attaching a link and a excel worksheet to guide you. Good luck.

P.s. I will leave you with this. Never ever predict where price will go. Always be reactive: if it goes up you buy, if it goes down you sell and cut your losses quickly but let your profits run.


https://www.youtube.com/watch?v=Ib0rsJ6Rr98

3 Likes

Re: Forex Trading - Season 14 by namdo(m): 5:56pm On Nov 27, 2014
Pipsland78:
Sadens me to see so.many young novice traders lose money everyday because they think forex trading is a quick way to get rich. They over-leverage, risk so much and have no real discipline thus unable to truly stick to strategy.

Day trading and setting all these 50pips-70pips stop losses is a recipe for pain and loss. I was like them for many yrs but I grew in the mkt and learned how to trade professionally.

FX trading should be treated as a business with long-term plans, not a lottery or get-rich-quick fix.

Stop day trading and be a swing trader or investment trader. But I know 99.9% of folks in here wont take this advice and will keep committing same blunder they've always committed and thus keep losing - or at best just going in circles. But to that 0.1%, I say congrats.

Happy thanksgiving!

who is listening to you? grin
Re: Forex Trading - Season 14 by natruetalk: 5:56pm On Nov 27, 2014
natruetalk:


closed all my Sell for now with guud pips

bought again with 100pips Sl
watching dis zone carefully, a breached will make me close d trade and look for for more sell 2morrow

anything can still happen, no chance to give back penny to Mr mkt

SL moved to BE

Re: Forex Trading - Season 14 by Cul4real(m): 7:20pm On Nov 27, 2014
12ema:


Sorry to tell you this but your journey might be very painful because of the amount of money you intend to start with. It's possible to start small but the secret to success is trade small and have plenty of patience, which of course you won't have and won't do. Most people think that trading brings instant success but the real successful traders trade an account for years before they see any real money. I am attaching a link and a excel worksheet to guide you. Good luck.

P.s. I will leave you with this. Never ever predict where price will go. Always be reactive: if it goes up you buy, if it goes down you sell and cut your losses quickly but let your profits run.


https://www.youtube.com/watch?v=Ib0rsJ6Rr98
WITH GOD ALL THINGS ARE POSSIBLE. THANKS.
Re: Forex Trading - Season 14 by Nobody: 7:25pm On Nov 27, 2014
natruetalk:


i dey my coner dey enjoy oyel. making money sweet when u are on right direction

Opec finally gave us bonus today Thank God for oyel make my month brilliant

700 pips from yesterday!!! There is God! Given that it tested a four year low, I think a return to 90.xx is probably likely but na to sit for one corner dey follow am sha. I am on the case with Dax, nucca be heading to 1023xx and I am following it all the way
Re: Forex Trading - Season 14 by drpips1(m): 8:12pm On Nov 27, 2014
hello house, this is a testing post if it working nw, i wasnt banned but cant post in here since yesterday afternoon saying sorry unexpected error , and keep telling please try again till this moment
Re: Forex Trading - Season 14 by drpips1(m): 9:03pm On Nov 27, 2014
Cul4real:
Please, what leverage and volume you can suggest on $100 capital for a beginner using MT4? Thanks.

broh,12ema has said it all but i will suggest in my humble opinion to look fr a reputable broker with trading bonus that will boost your trading margin with the offered leverage. But u will be carefull not to withdraw from such account until u have reach a 70% ROI and above so u dont fall for d bonus trick as it meant only to boost your trading margin.however feel free to PM me if u need my trading system with compounding/MM system so u cn define ur volume and risk/yield ratio bfre placing any trade, but on 2 conditions to follow it rules, and demo trade with it to gain confidence which makes you a automatic member of my trading network ........Happy Trading
Re: Forex Trading - Season 14 by fxbomovi: 9:11pm On Nov 27, 2014
Cul4real:
Please, what leverage and volume you can suggest on $100 capital for a beginner using MT4? Thanks.
Bro, as a beginner, I suggest u trade only one currency pair using only one strategy. leverage in my opinion is over hyped!
Re: Forex Trading - Season 14 by jamace(m): 9:30pm On Nov 27, 2014
drpips1:
hello house, this is a testing post if it working nw, i wasnt banned but cant post in here since yesterday afternoon saying sorry unexpected error , and keep telling please try again till this moment
Yes, you are in. Welcome.
Re: Forex Trading - Season 14 by elyte(m): 9:31pm On Nov 27, 2014
If you want a comprehensive analysis on Usdcad, you can read the one I did on 20th of this month ( http://forexsnipper..com/2014/11/the-new-state-of-usdcad.html ). The analysis supports a bullish move.
The recent bearish movement we had ( if completed) is a bearish complex correction and I expect Usdcad to rake high to 1.1850 ( more than 500pips away) in a new bullish motive wave.

Coupled with the fact that Usdcad has a very strong negative correlation with Oil price which is dipping so fast, I won’t be surprised if the move is very fast to the north.

I will wait for an intraday retracement to 1.1310 before the long bullish adventure on Usdcad

Meanwhile, I have a new wave count which doesn’t contradict my bullish bias

Re: Forex Trading - Season 14 by willscolf: 10:56pm On Nov 27, 2014
so pissed off @ myself bcoz of oil,sold it on tuesday afternoon,bt closed too soon evn wen my gut 4rm d chart was tellin me d momentum was strongly favouring d south,nw jst see pips missed mtcheeew.naijababe abeg no dey remind say d tin make 700pips,nd natruetalk abeg no dey post dat bearish oil chart,it dey do me jigijigi 4 body. lolz
Re: Forex Trading - Season 14 by nairalander(m): 10:56pm On Nov 27, 2014
Cul4real:
THANKS. Is like FXCM minimum deposit is $2000, maybe i will try FxPro with $100 as a beginner. Beside, FxPro said they accept Debit MasterCard for deposit/withdraw, as UBA refused to issue AFRICARD for me going to 3weeks now. Pls your view and advice?
Try XM instead where you can trade micro lots plus they offer bonus on deposits, FXpro's minimum initial deposit on MT4 is $500 and u can't trade micro lots

Cul4real:
Please, what leverage and volume you can suggest on $100 capital for a beginner using MT4? Thanks.
Trade micro lots, the leverage doesn't matter but make sure you don't open too many positions because your leverage allows you to.

PS: you will probably loose your $100, but you will gain experience.
Re: Forex Trading - Season 14 by PipSurgeon(m): 11:11pm On Nov 27, 2014
natruetalk:


na true talk boss
natruetalk pls u have a mail, will like to ask you some few questions thanks.. to the house,
its good to the back, was on some self development issues, and i have a new moniker now... i remain Arif.. whr SeyeJohn74 at? swift pls send me whatsapp message, lost my phone contact.. NB and Leopower thanks for the advice..
Re: Forex Trading - Season 14 by willscolf: 11:11pm On Nov 27, 2014
Cul4real:
Please, what leverage and volume you can suggest on $100 capital for a beginner using MT4? Thanks.
jst hav it @ d bak of ur mind dat d $100 is jst 4 practice,chances of making huge profit wit it is vry low
Re: Forex Trading - Season 14 by willscolf: 11:15pm On Nov 27, 2014
12ema:


Sorry to tell you this but your journey might be very painful because of the amount of money you intend to start with. It's possible to start small but the secret to success is trade small and have plenty of patience, which of course you won't have and won't do. Most people think that trading brings instant success but the real successful traders trade an account for years before they see any real money. I am attaching a link and a excel worksheet to guide you. Good luck.

P.s. I will leave you with this. Never ever predict where price will go. Always be reactive: if it goes up you buy, if it goes down you sell and cut your losses quickly but let your profits run.


https://www.youtube.com/watch?v=Ib0rsJ6Rr98
bro u may wanna elaborate on dis "if it goes up u buy nd if it goes down u sell 2 avoid som newbies 4rm naively buyin wen d candle is movin up nd sellin wen it's moving down, jst an opinion shaaa
Re: Forex Trading - Season 14 by PipSurgeon(m): 11:18pm On Nov 27, 2014
ej outlook; trade pullbacks or breakout of those levels.. disclaimer applies

Re: Forex Trading - Season 14 by Nobody: 12:11am On Nov 28, 2014
12ema:


Sorry to tell you this but your journey might be very painful because of the amount of money you intend to start with. It's possible to start small but the secret to success is trade small and have plenty of patience, which of course you won't have and won't do. Most people think that trading brings instant success but the real successful traders trade an account for years before they see any real money. I am attaching a link and a excel worksheet to guide you. Good luck.

P.s. I will leave you with this. Never ever predict where price will go. Always be reactive: if it goes up you buy, if it goes down you sell and cut your losses quickly but let your profits run.


https://www.youtube.com/watch?v=Ib0rsJ6Rr98

Bros you couldnt have said it better but I would like to add being patient enough to buy at a bargain. This means waiting for a reasonable pull-back before riding the trend. This has a lot to do with maturity though. But your advice was spot on.
Re: Forex Trading - Season 14 by Cul4real(m): 2:58am On Nov 28, 2014
Thank you all for your contributions to my initial deposit of $100 palaver. I believe in GOD and in the less than no distance‘s time, ‘am coming to post a postive feedback here. Thank you guyz.

1 Like

Re: Forex Trading - Season 14 by 12ema: 7:53am On Nov 28, 2014
willscolf:
bro u may wanna elaborate on dis "if it goes up u buy nd if it goes down u sell 2 avoid som newbies 4rm naively buyin wen d candle is movin up nd sellin wen it's moving down, jst an opinion shaaa

All i was trying to say was follow the trend which all the greats do. Ed Seykotay, Bill Eckhart, Richard Denise to name a few. Trend following is boring, furstrating, annoying until you hit that home run.
Re: Forex Trading - Season 14 by Jaidooo(m): 10:33am On Nov 28, 2014
So them dey reason gold matter this sunday.
Hmm.. Make we dey observe.

Re: Forex Trading - Season 14 by fxbomovi: 10:34am On Nov 28, 2014
Cul4real:
Thank you all for your contributions to my initial deposit of $100 palaver. I believe in GOD and in the less than no distance‘s time, ‘am coming to post a postive feedback here. Thank you guyz.
listen Bro. u don't have to lose ur money to gain experience. take this simple advice,: trade only one pair!
Re: Forex Trading - Season 14 by Thinkr(m): 10:40am On Nov 28, 2014
fxbomovi:
listen Bro. u don't have to lose ur money to gain experience. take this simple advice,: trade only one pair!
bro. Leave him let him pass his own period na. Na everybody do like this for start grin
Re: Forex Trading - Season 14 by latestsunny(m): 10:46am On Nov 28, 2014
fxbomovi:
listen Bro. u don't have to lose ur money to gain experience. take this simple advice,: trade only one pair!


What if the one pair refuse to move, don't u think frustration will set in?
Re: Forex Trading - Season 14 by Nobody: 10:53am On Nov 28, 2014
My stop on Dax hit. I just took a sell with a view to exit around 95xx area. Sold Dow too, will be holding till next week. Later folks. Standing aside on oil till next week.
Re: Forex Trading - Season 14 by Cul4real(m): 11:03am On Nov 28, 2014
fxbomovi:
listen Bro. u don't have to lose ur money to gain experience. take this simple advice,: trade only one pair!
Thank bro for that inestimable adviced.
Re: Forex Trading - Season 14 by Cul4real(m): 11:06am On Nov 28, 2014
Thinkr:
bro. Leave him let him pass his own period na. Na everybody do like this for start grin
you are the most idiot i ever meets on this forum.
Re: Forex Trading - Season 14 by Thinkr(m): 11:16am On Nov 28, 2014
Cul4real:
you are the most idiot i ever meets on this forum.
yh. You better listen to every single "nonsense" advice you get here. We all have been through this same lane. So just obey even if it sounds ridiculous. When you improve you'll know inside you.

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