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Forex Trading - Season 13 - Business (263) - Nairaland

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Re: Forex Trading - Season 13 by samuelkanu: 2:12pm On May 16, 2013
Kirinwa:

My battery is low.I will address issues as soon as it's charged. It isn't easy o but it's worth it.
Kirinwa, Please which broker do you use for gold trading because i want to diversify my investments and also what is their spread on gold.Also you talked about starting gold trading with $50 and need more info on that,Thanks in advance
Re: Forex Trading - Season 13 by ogene70: 2:31pm On May 16, 2013
lordaustin:

No!, they do not accept credit/debit cards from Nigeria for now but they have a lot of other options you can chose from that is also very much common and used in here. E.g e-curencies like liberty reserve and the likes.

tnx man
Re: Forex Trading - Season 13 by martog: 2:34pm On May 16, 2013
FOREXMART:
I must add that if as a forex trader your having issues with xe markets then u gonna have issues with every broker.
+1 Like
Re: Forex Trading - Season 13 by Nobody: 3:46pm On May 16, 2013
Gold is really d thing. While currencies are busy ranging, slowing and looking for accounts to devour gold dey print money. Another 170 pip gone. Can't break my rule so next week. Gold derives movement from fundamentals and will be a time bomb to be using those of bunch of useless indicators that comes with mt4. Your brokers knows they don't work.
Re: Forex Trading - Season 13 by Nobody: 3:49pm On May 16, 2013
lordaustin:

Madam I hope you ran out!

Break even. That weekly trendline was the reason why I had not been selling this week. Looks like it will make that 100 after all.
Re: Forex Trading - Season 13 by Nobody: 3:56pm On May 16, 2013
Weekly trendline holding, 4h trendline broken. Take me to 100.xx baby. I will more longs when 96.00 is broken too

Re: Forex Trading - Season 13 by lordaustin(m): 4:04pm On May 16, 2013
On buy now, meeeeeeennnnnnnnn oil is a real money printer. Targeting 96.00
Re: Forex Trading - Season 13 by bommaster: 4:12pm On May 16, 2013
bommaster: i still c d week end with north journey, Eu just hit my buy levels, but will hold on to the current position i had.
cheers
bommaster:

bought Gu and Au 1.5242 and 0.9816 Sl 1.5170 and 0.9770

i think my buying dream is getting closer to reality, doing good on my trade while watching my back along. but so far Gu is doing good breaking some resistance
Re: Forex Trading - Season 13 by ogene70: 4:34pm On May 16, 2013
learner1: Gold is really d thing. While currencies are busy ranging, slowing and looking for accounts to devour gold dey print money. Another 170 pip gone. Can't break my rule so next week. Gold derives movement from fundamentals and will be a time bomb to be using those of bunch of useless indicators that comes with mt4. Your brokers knows they don't work.

yes man, i have said it time and over again that price action is the best method to trade nt all those illusive indicators manipulated by brokers to wipe traders' accounts.
all the best man.
Re: Forex Trading - Season 13 by zinosleek(m): 4:53pm On May 16, 2013
ogene70:

yes man, i have said it time and over again that price action is the best method to trade nt all those illusive indicators manipulated by brokers to wipe traders' accounts.
all the best man.
You chould not be more correct.price action is the best way to trade.
Re: Forex Trading - Season 13 by Kirinwa: 5:27pm On May 16, 2013
samuelkanu:
Kirinwa, Please which broker do you use for gold trading because i want to diversify my investments and also what is their spread on gold.Also you talked about starting gold trading with $50 and need more info on that,Thanks in advance

I use instaforex.Their liberty withdrawal takes 2 business days.Spread is 60 pips. If you open a volume of 0.01 about 14-16 dollars will be locked. With. $50 you can open 0.02 volume comfortably. Start with demo though.
Re: Forex Trading - Season 13 by fxyoube(m): 5:31pm On May 16, 2013
guys i need your opinion, what percentage do you think is okay to risk per trade....
Re: Forex Trading - Season 13 by Kirinwa: 5:43pm On May 16, 2013
Trading gold needs strong mind.Am still on sell at 1390.Am expecting my target of 1355 to be hit or...
Re: Forex Trading - Season 13 by rozayx5(m): 5:43pm On May 16, 2013
fxyoube: guys i need your opinion, what percentage do you think is okay to risk per trade....

max of 5%, and your trading system must loose max of 3 trades in a row and be able to deal with the losses after the loss string.

a good trading system shud be at least 80% efficient

1 Like

Re: Forex Trading - Season 13 by fxyoube(m): 9:03pm On May 16, 2013
thanks
rozayx5:

max of 5%, and your trading system must loose max of 3 trades in a row and be able to deal with the losses after the loss string.

a good trading system shud be at least 80% efficient
Re: Forex Trading - Season 13 by ayox2003: 9:07pm On May 16, 2013
AUDUSD: Sellstop at 09789; SL:09852 TP :09622; (more)


Frawzey
Re: Forex Trading - Season 13 by onlineresource: 9:12pm On May 16, 2013
me still see gold heading to 1322...

1 Like

Re: Forex Trading - Season 13 by Nobody: 9:12pm On May 16, 2013
onlineresource: me still see gold heading to 1322...

+1

1 Like

Re: Forex Trading - Season 13 by onlineresource: 9:22pm On May 16, 2013
anyone looking to take a sell on gold can do so at the open of the next 4hr candle.
first candle rejected the weekly resistance area 1389.18
this current candle also looking to reject this level....
another potential sell.
Re: Forex Trading - Season 13 by Nobody: 9:41pm On May 16, 2013
onlineresource: anyone looking to take a sell on gold can do so at the open of the next 4hr candle.
first candle rejected the weekly resistance area 1389.18
this current candle also looking to reject this level....
another potential sell.

I just added to mine. sl at 1394
Re: Forex Trading - Season 13 by nolly042(m): 10:28pm On May 16, 2013
onlineresource: anyone looking to take a sell on gold can do so at the open of the next 4hr candle.
first candle rejected the weekly resistance area 1389.18
this current candle also looking to reject this level....
another potential sell.
naijababe:

I just added to mine. sl at 1394
SELL KE WITH THE PIN BAR REJECTION AROUND 38%FIBO ON THE DAILY. I WILL WATCH FOR THE NEXT 4HR BEFORE I DECIDE
Re: Forex Trading - Season 13 by rozayx5(m): 6:05am On May 17, 2013
Re: Forex Trading - Season 13 by lordaustin(m): 6:10am On May 17, 2013
oil just dey mark time since i enter am yesterday. who is checking out silver sell
Re: Forex Trading - Season 13 by elewedu(m): 7:23am On May 17, 2013
Please house, how can i make my fibonnacci tool to show both the fib ratio, and the price.
Re: Forex Trading - Season 13 by IgweOO(m): 8:29am On May 17, 2013
AUD.
Re: Forex Trading - Season 13 by zinosleek(m): 8:48am On May 17, 2013
Aud/usd is such a nice pair to trade, woke up to find my 50 pip tp entered. I am adding au to my pair
Re: Forex Trading - Season 13 by Nobody: 8:50am On May 17, 2013
Exiting my gold shorts, 1370 looking like a hard nut to crack.

1 Like

Re: Forex Trading - Season 13 by leopower(m): 8:59am On May 17, 2013
naijababe: Exiting my gold shorts, 1370 looking like a hard nut to crack.
i am buying frm that point to 1409. emerging bearish butterfly on 1hr.(harmonic trading in play.)

1 Like

Re: Forex Trading - Season 13 by Nobody: 9:00am On May 17, 2013
Bought gold with 50 pips stop
Re: Forex Trading - Season 13 by Ray1251(m): 9:07am On May 17, 2013
martog:
+1 Like
thanks the issue have been resolved
Re: Forex Trading - Season 13 by Nobody: 9:18am On May 17, 2013
For those on Xemarkets, I just entered my first live Gold trade ever just to test run things. Spread is 6pips. No commissions charged, nothing unsual. To think I ignored it cos their rep told me spread was 60pips. Smh.
That thing is tempting sha! 60pips in 30mins when EJ is still dancing alingo. grin
Make we dey watch first.
Re: Forex Trading - Season 13 by Nobody: 9:20am On May 17, 2013
leopower:
i am buying frm that point to 1409. emerging bearish butterfly on 1hr.(harmonic trading in play.)


Well I buying on fib levels, 78.6% on retracement and zone is also a support area. Tp at 1404 area which is both resistance and 50% fib area

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