ncpat:

zero is still a number I think we should be ranking them by negative digit so I will give then -100

honeric01:

My last TF via Diamond bank (their fee and that of the third party bank) was around $100. not ready for such again.

Piponomics: Xemarkets now accept mastercard so I think GTB naira cards should work.

aguiyi: re-entered au buy and gu sell

naijababe: Did you say you have an indicator that can give 10 mins tf on MT4?

iheanyiebeneze: I DO NOT NEED ANY (CUSTOMER RELATIONSHIP) TO TRADE MY FOREX FOR ME. i TRADE, I MAKE MONEY, I WITHDRAW,THATS ALL. I HAVE NOTHING TO DO WITH CUSTOMER RELATIONSHIP. THIS IS FOREX, NOT MTN OR GLO.LEARN FOREX AND TRADE, MAKE YOUR MONEY AND WITHDRAW PLEASE.FORGET ABOUT THE CUSTOMER RELATIONSHIP.

naijababe: Did you say you have an indicator that can give 10 mins tf on MT4?

OliverPin: how can i contact you sire? would like a chat on fb. name or email

XHTML: \

See this post. Provides some insights.
http://www.forex4noobs.com/forex-blog/forex-tips/trade-any-time-frame-in-mt4/

or download this

http://www.mt4i.com/appstore/app.aspx?id=12&sort=&rx=1346299564814

or this one (strictly for FXCM's MT4)
http://www.fxcmapps.com/metatrader-4/custom-time-frames/

fxisreal:

still on BULL side on GU & EU

for GU

1.523x levels refused to break last week, successful breakout of the levels likely to push the move to 1.5300/1.534x levels and 1.543x is the levels am watching for the countertrend trade this week.

fxisreal: bought Ej @ 129.67 sl 128.87

ncpat:
I chatted with them yesterday and they said they don`t accept credit/debit card from Nigeria

XHTML: Risk Management. Here's how to go about it.

I'll try to keep this post as concise and straight to the point as possible.

Now, We all have our money management systems. Some don't risk more than 5% per trade, some go over 10% (depending on how confident they are/their trading systems or plan). But Whichever you choose, bear in mind that it decides the number of "loosing trades" you can make before your account is completely wiped out.

When I think of "risk" when about to go in on a trade, basically what's on my mind is "How much I'm willing to lose on the trade, if it goes wrong". Then comes the stoploss. to cut off the trade if it goes wrong so I lose ONLY the percentage of my account I budgeted to risk on the trade.

Hello and good morning. Please would it be possible for you to share your Indicators, I mean the ones in the separate windows. And yeah youcan have a custom timeframe for those who want it i got it.
So when you're going in on a trade, how do you manage/calculate your risk and know how many lots to trade?

Simple - your stop loss.

Let's look at this trade for example. Let's say you are on a $200 account and you wish to trade this setup and you've calculated your stoploss (13pips) and entry point.



If you budget to risk just 5% of your account on this trade, it means you want to lose no more than $10 if it went wrong.

Here's how you calculate the recommended lots to trade:

Amount to risk ÷ stop loss in pips x pip value. (of course amount to risk is the percentage you budgeted - i.e 5% of $200 is $10, so your amount to risk is $10)


So in this case it's --> (10)/(13 x 1) = 0.77lots.

i.e this is supposing you are trading on a mini account (where 1lot = $1 per pip). If you're on a standard account, then 1lot will likely be around $10 per pip so you calculate accordingly.

Don't leave money on the table or put your account in risk by "guessing" how many lots to trade.

If that trade above were to go bad, you'd lose just $10 - 5% of your account, but if it went well, you'd have 49pips, which would amount to $37.73 in profit for you.

There is my approach, and this is how I calculate my risk vs lots to trade.

I've seen a lot of people say to newbies, don't trade over 0.01lots, don't start trading with anything less than $500 and all that - Ignore those.

If you can effectively manage $200, you'll be able to manage $2000. It's the same principles, different order sizes.

If you had a $2000 account and wanted to risk just 5% on that trade ($100), your profit would be $377.3 - which is still an 18.85% ROI. Any smart trader will always look at the ROI to gauge performance and not figures.

(Of course, The only reason small deposits tend to be a little hectic are issues like the spread, and margin requirements and all those little hiccups, but it does NOT mean you cannot grow a small amount into a large one).

I've attached an excel file to help with calculating the recommended lots to trade if needed.


Hope this helps someone.

.

onlineresource: Hello all, hope you are all good. Well am presently in ilorin for my nysc passing out parade since monday which will hold tomorrow and right here in ilorin, internet connection is really really bad even mtn edge is not even loading google talkless of loading the platform. Well av already banked over 250pips this week on monday before leaving lagos on gold, won't trade until am all settled back in lagos...
Have a very pipful remainer of the week and don't forget friday is nfp...