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Forex Trade Alerts: Season 20 - Business (506) - Nairaland

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Re: Forex Trade Alerts: Season 20 by Nobody: 8:34am On Sep 01, 2020
good morning guys and happy new pipful month



please which broker is best for a micro acct and what's the best leverage size to use for a $100 account
Re: Forex Trade Alerts: Season 20 by Fxwarrior: 8:38am On Sep 01, 2020
Dwayne22:
good morning guys and happy new pipful month



please which broker is best for a micro acct and what's the best leverage to use for a $100 account

Your interest should be more on lot size than leverage.

Don't trade pass 0.01 lotsize and don't enter more than 2 trades at a time.

For leverage 1: 500 should do.

You need to demo trade more to be sure of your strategy and knowledge otherwise you might as well give that $100 to charity.
Re: Forex Trade Alerts: Season 20 by Fxwarrior: 8:48am On Sep 01, 2020
Happy new month fellow traders.

May this month bring great tidings to us and more pips to our pockets.

Finally it seems gold is coming alive.

I will sit out today's trade though and enter tomorrow if feasible.
Re: Forex Trade Alerts: Season 20 by djwalata(m): 9:10am On Sep 01, 2020
Dwayne22:
good morning guys and happy new pipful month



please which broker is best for a micro acct and what's the best leverage size to use for a $100 account
Fxwarrior:


Your interest should be more on lot size than leverage.

Don't trade pass 0.01 lotsize and don't enter more than 2 trades at a time.

For leverage 1: 500 should do.

You need to demo trade more to be sure of your strategy and knowledge otherwise you might as well give that $100 to charity.
The leverage 1:500 is too much for $100 account. I suggest he uses 1:100 for dt low account.
Re: Forex Trade Alerts: Season 20 by Fxwarrior: 9:12am On Sep 01, 2020
djwalata:


The leverage 1:500 is too much for $100 account. I suggest he uses 1:100 for dt low account.

Big or small leverage does no harm.

What harms traders is lot size in relation to account size.
Re: Forex Trade Alerts: Season 20 by djwalata(m): 9:25am On Sep 01, 2020
Fxwarrior:
Happy new month fellow traders.

May this month bring great tidings to us and more pips to our pockets.

Finally it seems gold is coming alive.

I will sit out today's trade though and enter tomorrow if feasible.

Gold should b on its way up considering d chart outlook on daily and 4hrs tf.

Re: Forex Trade Alerts: Season 20 by Fxwarrior: 9:28am On Sep 01, 2020
djwalata:

Gold should b on its way up considering d chart outlook on daily and 4hrs tf.

"Should" is the word.

I need to be more sure.
Re: Forex Trade Alerts: Season 20 by djwalata(m): 9:28am On Sep 01, 2020
Fxwarrior:


Big or small leverage does no harm.

What harms traders is lot size in relation to account size.
It surely does my friend. It helps for winning trades but also does more damages to d losing trades because it gives u d privileges to open more positions.
Re: Forex Trade Alerts: Season 20 by candlestick: 9:30am On Sep 01, 2020
djwalata:

Gold should b on its way up considering d chart outlook on daily and 4hrs tf.
your chart be like small pikin drawing book

2 Likes

Re: Forex Trade Alerts: Season 20 by Fxwarrior: 9:38am On Sep 01, 2020
djwalata:

It surely does my friend. It helps for winning trades but also does more damages to d losing trades because it gives u d privileges to open more positions.

We are saying the same thing. Giving one privilege to open more positions, doesn't mean one must open 'more positions'.

More positions is a function of more lot size without consideration to account size.

It's all about discipline.
Re: Forex Trade Alerts: Season 20 by morgan2pp: 9:46am On Sep 01, 2020
Am a newbie here and a silent reader

This is my paper trading account for the month of August 2020.

Grew the account from $100,000 to this now.

2 Likes

Re: Forex Trade Alerts: Season 20 by Nobody: 10:47am On Sep 01, 2020
Fxwarrior:


Your interest should be more on lot size than leverage.

Don't trade pass 0.01 lotsize and don't enter more than 2 trades at a time.

For leverage 1: 500 should do.

You need to demo trade more to be sure of your strategy and knowledge otherwise you might as well give that $100 to charity.
thanks for the advise, i appreciate.


another thing is the dollar naira rate, according to the customer Care she said its presently 465... is there any hope of it going down more maybe I should wait
Re: Forex Trade Alerts: Season 20 by Fxwarrior: 10:51am On Sep 01, 2020
Dwayne22:

thanks for the advise, i appreciate.


another thing is the dollar naira rate, according to the customer Care she said its presently 465... is there any hope of it going down more maybe I should wait

I don't know about that but you need to also consider what if it rises.

Consult your financial adviser on it.
Re: Forex Trade Alerts: Season 20 by IMAliyu(m): 10:56am On Sep 01, 2020
Keeping an eye on USDCAD

Re: Forex Trade Alerts: Season 20 by OneMillionBTC: 11:47am On Sep 01, 2020
OneMillionBTC:


Doing well.


Just exited at 142.50. Got 220 pips from the trade.
Re: Forex Trade Alerts: Season 20 by KingPipmarshall: 11:56am On Sep 01, 2020
KingPipmarshall:
Buying EurUsd.

Target 1.2 zone.

Target reached. Left money on the table. big mistake
Re: Forex Trade Alerts: Season 20 by KingPipmarshall: 12:17pm On Sep 01, 2020
EurUsd trading at 1.2 level looks over bought.

The bears have been showing signs but the bulls are winning.

I'm bullish because it's the overall trend

What are you thinking on EU??
Re: Forex Trade Alerts: Season 20 by saxy4c(m): 12:31pm On Sep 01, 2020
Price reversed to entry after 70pips profit.

Gold has invalidated the level of 1982 for any bearishness.
A good buy would be if price gets to 1975 again but presently Bulls are holding 1987 to go higher, but if the level breaks bears will send price down to 1982/4 at least.

I would prefer to try a buy around this 1988 with 20pips SL and hold for 2050/2100.
saxy4c:
No bro, it's the rejection of the channel bottom trendline.

Not a great trading day today, but we would recover InshaAllah.

Selling Gold 1972 SL 1977 TP 1952

1 Like

Re: Forex Trade Alerts: Season 20 by IMAliyu(m): 12:46pm On Sep 01, 2020
I chickened out on my EURAUD buy and took profit too early.
The profits wasn't bad, so it's ok.
Re: Forex Trade Alerts: Season 20 by KingPipmarshall: 1:43pm On Sep 01, 2020
KingPipmarshall:
UsdChf No direction.

Out on all positions

UsdChf, eyeing for a short position.

2 Likes

Re: Forex Trade Alerts: Season 20 by IMAliyu(m): 1:53pm On Sep 01, 2020
KingPipmarshall:
EurUsd trading at 1.2 level looks over bought.

The bears have been showing signs but the bulls are winning.

I'm bullish because it's the overall trend

What are you thinking on EU??
I'm still bearish on EURUSD in the short term, but I'll sit aside for the moment.

1 Like

Re: Forex Trade Alerts: Season 20 by Tonyfx: 2:01pm On Sep 01, 2020
morgan2pp:
Am a newbie here and a silent reader

This is my paper trading account for the month of August 2020.

Grew the account from $100,000 to this now.


What broker/app is this pls.
Re: Forex Trade Alerts: Season 20 by saxy4c(m): 3:03pm On Sep 01, 2020
Gold buy limit 1968 SL 1963 Tp open

1 Like

Re: Forex Trade Alerts: Season 20 by morgan2pp: 3:29pm On Sep 01, 2020
Tonyfx:


What broker/app is this pls.

tradingviewdotcom

1 Like

Re: Forex Trade Alerts: Season 20 by Fxwarrior: 3:42pm On Sep 01, 2020
Expecting gold to be bearish tomorrow.
Re: Forex Trade Alerts: Season 20 by saxy4c(m): 4:06pm On Sep 01, 2020
100pips up on buy limit, secure trade and let run. Now if price stays above 1973 and closes above 1980 for the day. There are no more bears.
This move was to test the monthly and daily low as suspected. Let's see if there would be a retest of the high and the reaction there.
A great month to us.
saxy4c:
Gold buy limit 1968 SL 1963 Tp open

1 Like

Re: Forex Trade Alerts: Season 20 by Tonyfx: 8:06pm On Sep 01, 2020
morgan2pp:


tradingviewdotcom

Ok thanks
Re: Forex Trade Alerts: Season 20 by Tonyfx: 9:58pm On Sep 01, 2020
Gbpusd 50% sell limit of daily bearish pinbar, SL 1.34955 TP 1.29990

EURJPY 50% sell limit of daily bearish pinbar, SL 127.190 TP 124.260
Re: Forex Trade Alerts: Season 20 by Nobody: 10:04pm On Sep 01, 2020
Tonyfx:
Gbpusd 50% sell limit of daily bearish pinbar, SL 1.34955 TP 1.29990

EURJPY 50% sell limit of daily bearish pinbar, SL 127.190 TP 124.260

You are doing well
Re: Forex Trade Alerts: Season 20 by Bornfool(m): 10:15pm On Sep 01, 2020
Sell GBPNZD 50 percent entry limit

Tp open

Re: Forex Trade Alerts: Season 20 by XAUTrader4L: 11:04pm On Sep 01, 2020
XAUTrader4L:
gold closed the week with a higher low, the way i see it there are two scenarios. would consider entering a buy at the pullback from the high for scenario 1 else scenario 2 which would just continue the correction.


seems like it wants to go with scenario 2. a potential lower high is in place.

Re: Forex Trade Alerts: Season 20 by saxy4c(m): 11:30pm On Sep 01, 2020
Buying EURJPY 126.25 SL 126.05 tp 128.25

1 Like

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