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Forex Trade Alerts: Season 19 - Business (124) - Nairaland

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Re: Forex Trade Alerts: Season 19 by enolife2(m): 7:38am On Jun 10
docus:


watch for resistance at 1.14447, once price break through this level then the bulls are in control
correct, once broken the next target will be 1.16650 resistant level which will fetch in big profit
Re: Forex Trade Alerts: Season 19 by gigfx: 7:45am On Jun 10
gigfx:
I will be buying EurNzd. Reason is that price rejection noticed at the 38.2% Fibonacci retracement.
Buy at 1.7042
Stop loss at 1.6900
Take profit at 1.7930

This trade setup in progress.

Re: Forex Trade Alerts: Season 19 by wiconse: 5:19pm On Jun 10
How I want take learn dis forex. Nobody is willing to teach unless you pay.
Re: Forex Trade Alerts: Season 19 by maryjames9: 5:52pm On Jun 10
wiconse:
How I want take learn dis forex. Nobody is willing to teach unless you pay.

Firstly, i don't teach people forex. There are guys willing to teach you here but not for free. That is how it works. If you can't learn forex by yourself(yes,many of us take years to study and we keep learning), you have to pay someone to teach you. No serious minded experienced forex trader will do that for free. Forex is in itself so complicated that very few people make consistent profits on it, now you want to do that for free from someone who hardly do consistently profit though have and keep investing money, time, resources to becoming better.

If you can't learn it yourself(google,whatsapp group, babypips.com,youtube...), pay someone to teach you. If you can't do either, then look out for free training from brokers like Forextime, Alpari, Hotforex. Hotforex is currently doing nationwide free training. Check them up online and see if they have not done free training for your state of residence. Many brokers do training for Lagos, Port Harcourt and Abuja residents.
Re: Forex Trade Alerts: Season 19 by wiconse: 5:58pm On Jun 10
maryjames9:


Firstly, i don't teach people forex. There are guys willing to teach you here but not for free. That is how it works. If you can't learn forex by yourself(yes,many of us take years to study and we keep learning), you have to pay someone to teach you. No serious minded experienced forex trader will do that for free. Forex is in itself so complicated that very few people make consistent profits on it, now you want to do that for free from someone who hardly do consistently profit though have and keep investing money, time, resources to becoming better.

If you can't learn it yourself(google,whatsapp group, babypips.com,youtube...), pay someone to teach you. If you can't do either, then look out for free training from brokers like Forextime, Alpari, Hotforex. Hotforex is currently doing nationwide free training. Check them up online and see if they have not done free training for your state of residence. Many brokers do training for Lagos, Port Harcourt and Abuja residents.

Yeah I understand ur point. Succinctly, what you are is learning by oneself is d best option
Re: Forex Trade Alerts: Season 19 by stagger: 6:05pm On Jun 10
wiconse:
How I want take learn dis forex. Nobody is willing to teach unless you pay.
.

This is the typical Nigerian mentality. Always looking for freebies. I am presently writing an introductory course for beginners for someone in Europe at a cost of N200,000. But my Naija brothers want all the information for free.

Awoof dey run belle oo.

1 Like

Re: Forex Trade Alerts: Season 19 by gigfx: 7:03pm On Jun 10
gigfx:


This trade setup in progress.

Doing good �

Possibly going to 1.7290

1 Like

Re: Forex Trade Alerts: Season 19 by redsox11: 8:23pm On Jun 10
wiconse:
How I want take learn dis forex. Nobody is willing to teach unless you pay.
Be careful out there as 90% of the educators can't trade and make profit if their life depends on it. They make money by teaching half baked ideas, not from the market.

Request for PDF files from members here, to learn the basics about forex. Candle stick, other stuff and, that's just the beginning of your journey. I'll check if I've got some basic pdf on my PC.


gigfx:


Doing good �
Nice trade. Nothing like having a plan and following through with it.

2 Likes

Re: Forex Trade Alerts: Season 19 by stagger: 8:47pm On Jun 10
maryjames9:


Firstly, i don't teach people forex. There are guys willing to teach you here but not for free. That is how it works. If you can't learn forex by yourself(yes,many of us take years to study and we keep learning), you have to pay someone to teach you. No serious minded experienced forex trader will do that for free. Forex is in itself so complicated that very few people make consistent profits on it, now you want to do that for free from someone who hardly do consistently profit though have and keep investing money, time, resources to becoming better.

If you can't learn it yourself(google,whatsapp group, babypips.com,youtube...), pay someone to teach you. If you can't do either, then look out for free training from brokers like Forextime, Alpari, Hotforex. Hotforex is currently doing nationwide free training. Check them up online and see if they have not done free training for your state of residence. Many brokers do training for Lagos, Port Harcourt and Abuja residents.

Anyone who takes training from market maker brokers is being setup to become their cash cow. In a market where brokers are the counterparties to trades, how is it ever going to be possible to be taught to make money off them?

They simply teach you how to setup accounts and place trades. Statistics show that 90% of retail traders will lose 90% of their money in 90 days. If I were to open up on the entire game behind market making in forex, all these brokers in Nigeria will fold up!

Anyone who wants to learn how to trade needs to study books on technical and fundamental analysis, then put the principles into practice on a demo account and small live account.

At the end of the day, the best forex teacher is YOU!

3 Likes 1 Share

Re: Forex Trade Alerts: Season 19 by wiconse: 8:54pm On Jun 10
redsox11:
Be careful out there as 90% of the educators can't trade and make profit if their life depends on it. They make money by teaching half baked ideas, not from the market.

Request for PDF files from members here, to learn the basics about forex. Candle stick, other stuff and, that's just the beginning of your journey. I'll check if I've got some basic pdf on my PC.

True talk.. Expecting d pdf file. Tnx

1 Like

Re: Forex Trade Alerts: Season 19 by wiconse: 8:56pm On Jun 10
stagger:


Anyone who takes training from market maker brokers is being setup to become their cash cow. In a market where brokers are the counterparties to trades, how is it ever going to be possible to be taught to make money off them?

They simply teach you how to setup accounts and place trades. Statistics show that 90% of retail traders will lose 90% of their money in 90 days. If I were to open up on the entire game behind market making in forex, all these brokers in Nigeria will fold up!

Anyone who wants to learn how to trade needs to study books on technical and fundamental analysis, then put the principles into practice on a demo account and small live account.

At the end of the day, the best forex teacher is YOU!

Quite inspiring
Re: Forex Trade Alerts: Season 19 by gigfx: 9:05pm On Jun 10
redsox11:


Nice trade. Nothing like having a plan and following through with it.

Yes boss, planning is very important in trading.
Re: Forex Trade Alerts: Season 19 by maryjames9: 9:13pm On Jun 10
stagger:


Anyone who takes training from market maker brokers is being setup to become their cash cow. In a market where brokers are the counterparties to trades, how is it ever going to be possible to be taught to make money off them?

They simply teach you how to setup accounts and place trades. Statistics show that 90% of retail traders will lose 90% of their money in 90 days. If I were to open up on the entire game behind market making in forex, all these brokers in Nigeria will fold up!

Anyone who wants to learn how to trade needs to study books on technical and fundamental analysis, then put the principles into practice on a demo account and small live account.

At the end of the day, the best forex teacher is YOU!

You see, your last sentence is the summary of my entire lengthy article. Kapish!!!!

2 Likes

Re: Forex Trade Alerts: Season 19 by maryjames9: 9:17pm On Jun 10
wiconse:


Yeah I understand ur point. Succinctly, what you are is learning by oneself is d best option

You are a very smart guy.
Re: Forex Trade Alerts: Season 19 by Marginator41: 9:47pm On Jun 10
I want to open an account with my bank statement but my bvn is shown on it. I dont know of its advisable to use it like that or cover it.
Re: Forex Trade Alerts: Season 19 by meshpips(m): 9:59pm On Jun 10
stagger:



They simply teach you how to setup accounts and place trades. Statistics show that 90% of retail traders will lose 90% of their money in 90 days. If I were to open up on the entire game behind market making in forex, all these brokers in Nigeria will fold up!

At the end of the day, the best forex teacher is YOU!

Someone has been following Anton Kreil.

Even if you end up studying by yourself as most traders are (autodidacts), it still doesn't stop you from joining the league of the 90% that will lose 90% of their capital within 90 days.

FOREX trading is a torturous path threaded only by a few. In this business, you either swim or sink!

Nobody is gonna spoon feed you. The brokers set up this business to COLLECT your hard earned money. Do you want to allow them bully you? Do you want to be the VICTIM? Or are you ready to do whatever it takes, man-up and look them straight in the eyes and refuse for them to push you around like a pawn on the chessboard of life.

You have to put in the time to study, listen to others speak. Weather the storm for yes, the stormy times will certainly come.

FOREX trading is NOT easy! Be not deceived. Only a few succeed in this line of business.

1 Like

Re: Forex Trade Alerts: Season 19 by bojbest(m): 10:26pm On Jun 10
wiconse:


True talk.. Expecting d pdf file. Tnx

Get candle stick bible( for price action trading) Trading in the zone and Discipline trader( for market psychology)

I couldn’t find the pdf on my phone.
Re: Forex Trade Alerts: Season 19 by stagger: 10:27pm On Jun 10
meshpips:


Someone has been following Anton Kreil.

Even if you end up studying by yourself as most traders are (autodidacts), it still doesn't stop you from joining the league of the 90% that will lose 90% of their capital within 90 days.

FOREX trading is a torturous path threaded only by a few. In this business, you either swim or sink!

Nobody is gonna spoon feed you. The brokers set up this business to COLLECT your hard earned money. Do you want to allow them bully you? Do you want to be the VICTIM? Or are you ready to do whatever it takes, man-up and look them straight in the eyes and refuse for them to push you around like a pawn on the chessboard of life.

You have to put in the time to study, listen to others speak. Weather the storm for yes, the stormy times will certainly come.

FOREX trading is NOT easy! Be not deceived. Only a few succeed in this line of business.

I have taken courses in forex dealing, so I have some inside knowledge, especially as to how the A-liquidity Books and B-liquidity Books are handled in-house. I only got to known Anton Kreil last month and yes, he broke the whole thing down so succintly.

Ever heard some traders complain that they feel as if the broker is watching them? Well, the brokers are actually watching you. That's how they decide who to place in their A-Book and who goes to the B-book.

1 Like

Re: Forex Trade Alerts: Season 19 by bojbest(m): 10:56pm On Jun 10
stagger:


I have taken courses in forex dealing, so I have some inside knowledge, especially as to how the A-liquidity Books and B-liquidity Books are handled in-house. I only got to known Anton Kreil last month and yes, he broke the whole thing down so succintly.

Ever heard some traders complain that they feel as if the broker is watching them? Well, the brokers are actually watching you. That's how they decide who to place in their A-Book and who goes to the B-book.

Naso Hotforex no activate my stop loss one time. They knew I’d be sleeping and blew my account. I woke up laughed and hid them farewell.

I’d belong to the A class cheesy
Re: Forex Trade Alerts: Season 19 by meshpips(m): 11:07pm On Jun 10
stagger:


I have taken courses in forex dealing, so I have some inside knowledge, especially as to how the A-liquidity Books and B-liquidity Books are handled in-house. I only got to known Anton Kreil last month and yes, he broke the whole thing down so succintly.

Ever heard some traders complain that they feel as if the broker is watching them? Well, the brokers are actually watching you. That's how they decide who to place in their A-Book and who goes to the B-book.

Bro, I have only taken one course and it was from smbcapital (they do stocks not FOREX).

I have my own order book. (The extreme right column of the attached screen shot shows me the VOLUME ADJUSTED price. This is the most important thing to me).

Our ignorance is what the broker capitalizes on.

Taking courses might not really be the way. I know people that have taken some of the most expensive FOREX courses yet I can't see a commensurate increase in their profitability.

Most of the headway a trader makes in the course of this business will come by regurgitating thoughts about FOREX in your mind. Inspiration from the "divine" or spiritual realm plays a great role in determining ones success.

There is a big difference between scientific knowledge and revelational knowledge. The latter is what will really be of benefit to you. The former only makes you PROUD.

3 Likes

Re: Forex Trade Alerts: Season 19 by meshpips(m): 11:24pm On Jun 10
The screen shot above shows the volume analytics for NZDUSD.

The volume adjusted price is currently about 30 pips higher than the ordinary price.

This tells me that NZD will buy at least to 0.6634 and possibly higher.

The volume adjusted price acts as a price attraction point and shows the future of ordinary price.

NOTE: This concept was created by me from the scratch. You might never find such a concept in any book.

You need to have your own "creative edge" in this business.

Over the years, I have come to notice the importance of VOLUME in this market.

Volume is the "propellant" for price. Tape readers simply watch the volume transacted at various price levels to make their trading decisions.

VSA traders watch the inter-relationship between volume and the SPREAD (range) of the candle.

Many other volume studies just try to find a relationship between price and volume.

This to me is a very important denominator to whether or not a trader will make money consistently in this market.

This is my own creative edge (maybe in my mind's eye because person fit think say him dey shake palm tree otherwise na only him own head dey shake).

5 Likes

Re: Forex Trade Alerts: Season 19 by wiconse: 12:04am On Jun 11
bojbest:


Get candle stick bible( for price action trading) Trading in the zone and Discipline trader( for market psychology)

I couldn’t find the pdf on my phone.

The last two are from the same author I guess but it's not free to download.... Any link please?
Re: Forex Trade Alerts: Season 19 by meshpips(m): 12:16am On Jun 11
wiconse:


The last two are from the same author I guess but it's not free to download.... Any link please?

Candle stick bible not sure the author but Steve Nison has a comprehensive candlestick book.

The other one should be Alexander Elder's book.

I'm sure you will find free copies on www.4shared.com
Re: Forex Trade Alerts: Season 19 by wiconse: 12:36am On Jun 11
meshpips:


Candle stick bible not sure the author but Steve Nison has a comprehensive candlestick book.

The other one should be Alexander Elder's book.

I'm sure you will find free copies on www.4shared.com

Tnx bro. Really appreciate
Re: Forex Trade Alerts: Season 19 by meshpips(m): 5:08am On Jun 11
My volume adjusted price shows that support has formed on NZDUSD @ 0.6594

It is now safe to buy and hold this pair until we get a counter signal.

Conservative entry: wait for a H1 candle close above 0.65978

Happy trading!
Re: Forex Trade Alerts: Season 19 by gigfx: 5:40am On Jun 11
UsdCad could see 1.3065 this week.

Re: Forex Trade Alerts: Season 19 by stagger: 7:27am On Jun 11
meshpips:
The screen shot above shows the volume analytics for NZDUSD.

The volume adjusted price is currently about 30 pips higher than the ordinary price.

This tells me that NZD will buy at least to 0.6634 and possibly higher.

The volume adjusted price acts as a price attraction point and shows the future of ordinary price.

NOTE: This concept was created by me from the scratch. You might never find such a concept in any book.

You need to have your own "creative edge" in this business.

Over the years, I have come to notice the importance of VOLUME in this market.

Volume is the "propellant" for price. Tape readers simply watch the volume transacted at various price levels to make their trading decisions.

VSA traders watch the inter-relationship between volume and the SPREAD (range) of the candle.

Many other volume studies just try to find a relationship between price and volume.

This to me is a very important denominator to whether or not a trader will make money consistently in this market.

This is my own creative edge (maybe in my mind's eye because person fit think say him dey shake palm tree otherwise na only him own head dey shake).


It is good that we are now looking at other dimensions of the market that impact ability to profit. This should be the way to go so traders start understanding the fundamentals.
Re: Forex Trade Alerts: Season 19 by gigfx: 9:05am On Jun 11
EurCad is about to sell.

Sold @ 1.50050
Stop loss @ 1.50855
Take profit @ 1.49255

Re: Forex Trade Alerts: Season 19 by wiconse: 12:06pm On Jun 11
bojbest:


Naso Hotforex no activate my stop loss one time. They knew I’d be sleeping and blew my account. I woke up laughed and hid them farewell.

I’d belong to the A class cheesy


So now which broler do you make use of?
Re: Forex Trade Alerts: Season 19 by jamace(m): 12:33pm On Jun 11
gigfx:
UsdCad could see 1.3065 this week.
I still hold that USDCAD will hit 1.3400/1.3500 before anything else.
Re: Forex Trade Alerts: Season 19 by meshpips(m): 12:51pm On Jun 11
jamace:
I still hold that USDCAD will hit 1.3400/1.3500 before anything else.

USDCAD will buy, I also mentioned the levels to watch out for (as targets).

Time will tell jare. In my opinion, they have just been accumulating since the start of the week.

Pretty soon, we will see the mark up on this pair.
Re: Forex Trade Alerts: Season 19 by gigfx: 1:14pm On Jun 11
jamace:
I still hold that USDCAD will hit 1.3400/1.3500 before anything else.

Anything can happen in forex, it's just a matter of time. A news can come out and change the direction in a minute. But at the moment the pair is very much bearish. And nobody can say it will turn at this point or that point.

Another thing is that it's depends on the time frame you are trading from sha.

1 Like

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