mark3009:

What are u babbling about? Are Christians allowed to work in banks or bureau de change companies? Are u aware that those are 2 major institutions that are major players in forex

soarhey:
I have always told people who care to listen that trying to becoming a millionaire overnight is equivalent to fraud or blood money.

While on earth do you want to deposit $50 and be anticipating in your heart and praying fire and thunder prayers for the trade to move in your direction so you can make $1,000.

Nigerians don't understand patience and discipline.

There is a saying that "whatsoever comes to you without any effort has a coma". Those of you complaining have never put in so much effort nor patient enough to learn the true act and art of being a successful forex trader.

Forex is not a quick get rich avenue. You only become successful by following strictly certain rules and being properly knowledgeable about forex.

Below i have outlined some important tips and tricks you can follow when you start trading on the Forex market:

1. “If you fail to plan you plan to fail”

A famous expression that every forex trader finds is very correct. Having a plan is your number one priority. Before you start trading it is important to define your goals and lay out a plan with the strategies you can use to reach those goals. Once you choose a strategy that fits your goals and trading plan you need to stick to it and let it play out. Changing you trading strategy abruptly can be very bad for your trades, especially if you are just beginning to explore the vast world of Forex trading.


2. “A calculated risk is a risk taken with full knowledge of the dangers involved.”

Forex trading is a risky business and all new investors need to learn how to make calculated risks – it’s what it is all about. Never put emotion before discipline and strategy. Emotional traders are the ones who risk the most on the Forex market. Before you place a trade you need to define your risk – never invest more than you are willing to risk. Begin with small sums and increase your portfolio by trading.

3. “Is a currency worth anything if no one wants it?”

Currencies are the most traded product on the Forex market. With the wide variety of pairs it is hard to choose which currency pairs to trade with. It is important you do your research and choose the currency pairs that most suit your trading strategy. Some currency pairs are steady but most are volatile and you need to follow their movements closely before making a trade.

4. “We shape our tools and then our tools shape us.”

Use the tools you are given in the trading platform to make better decisions and place better trades. The PROfit platform provides its users with real-time news of the Forex movements, various technical charts, analytical tools and much more. You can use the technical charts to try to forecast an asset’s future movements based on its previous ones. The real-time news provide you with current events worldwide that have an impact on the movement of the Forex market.

5. “The successful man will profit from his mistakes and try again in a different way.”

Record keeping is an essential habit every successful Forex trader develops. Keeping a diary of all your trades and used techniques will help you improve your trades based on the success and mistakes you’ve made in the past. Make sure your diary is thorough and with a simple layout to make it easier for you to read and analyse the information.

IF Thomas Edison was inpatient he would never have developed the electric light bulb after trying so many times.

Only those who understand that most times you have to fail many times to succeed actually succeed.

I DROP MY PEN.

davidigomanel:


My broda nothing to shared about it. It's a scammed!

akeensbussy:
Many People, especially Nigeria have lost huge amount of money trading online forex

They have been made to believe that they can make money trading it but the reverse has been the case. You have to glue your eyes to your phone or computer waiting for the chart to move in your favour, studying senseless indicators and waiting for foolish news to come out before you can buy or sell. In the end it is not even sure if the trade will move in your favour while your heart keeps pounding. But Audu, a mallam who is also a forex trader in Ikeja but this time offline trader does not go through all the stress online traders are going through, but he make huge money. funny enough he is an illiterate.

if you want to trade online forex newly, and u ask a supposed self-styled online forex trader guru to train you, then u are in for loss already. he will demand huge sum of money, sell materials, robot and also trading pattern. At the end he/she will still tell you u have to develop your own pattern of trading. Always taking advantage of the new comers to recover all that they have lost in the online forex trading which valued to 2 trillion daily. Liars! _{to be continued.}

donfeluche:
forex trading is never a fraud. it only requires a developing a suitable trading system for your self, being discipline, keeping your trading chart simple, avoid greed cos you can eat all that the market has. being smart and patience. I do pay my bills through forex. my car, marriage and daily expenses has been through forex. Here is a statement of account of 2.4dollars that I traded to 500dollars in one week. I will also post my trading system that I developed. is simple and precise. just for those who still question the legality of forex.

coretechng1:
If I may ask why do you need to wait for so long to make money if the game is really profitable?

Wahala90:
If it is true that you can make 5% profit per week (20% per month), it means you can (cumulatively) turn 10 billion to over 250 billion in just 18 months.

Why are billionaires like buffet who can get the best traders in the world not taking advantage of this kind of opportunity? Who are the richest known fx traders?

Why do people who claim to be expert traders always spend their time trying to sell signals for $5-10 a week?

As proof of your expertise, provide a snapshot showing consecutive 180 days of trade, not trades of only profitable days.

akeensbussy:
Many People, especially Nigeria have lost huge amount of money trading online forex

They have been made to believe that they can make money trading it but the reverse has been the case. You have to glue your eyes to your phone or computer waiting for the chart to move in your favour, studying senseless indicators and waiting for foolish news to come out before you can buy or sell. In the end it is not even sure if the trade will move in your favour while your heart keeps pounding. But Audu, a mallam who is also a forex trader in Ikeja but this time offline trader does not go through all the stress online traders are going through, but he make huge money. funny enough he is an illiterate.

if you want to trade online forex newly, and u ask a supposed self-styled online forex trader guru to train you, then u are in for loss already. he will demand huge sum of money, sell materials, robot and also trading pattern. At the end he/she will still tell you u have to develop your own pattern of trading. Always taking advantage of the new comers to recover all that they have lost in the online forex trading which valued to 2 trillion daily. Liars! _{to be continued.}

fxstory:
mmmm