NaMe4:


Pls is Iq option a reliable trading platform? Haven't heard about it around here.
Thanks

IMAliyu:

From what I've looked up they seem reputable but I can't say I know much about them.

Crixxx:


Yes it is and very easy to understand but don't know why people hardly talk about it.

Kvngfrosh:
Abeg make person teach me this forex stuff. Biko
I be fast learner
I no go disturb you

Kvngfrosh:
@ Wallstreet fx and co
Biko

Thunday1005:
Just upload oga pipsbasketings pdf to cloud, anyone that need it should click the link below

https://gofile.io/d/r8rns4

Password: Pipsbasketings

Kvngfrosh:
@ Wallstreet fx and co
Biko

WallStreetfx:
Audusd: let see how we can embark on a journey down to 0.6754 if price break 0.7033, a 300 pips rally. Look at the 4 hour timeframe those are the place we can look for sell on the lower timeframe but still working on how to do that because it takes time for person to be like great saxy4c. But for now my focus is on 4 hour and daily timeframe for entry.

Pic 1 daily

Pic 2 4 hour

peteregwu:
Market opening....buying UsdJpy
@@105.562 TP 106.904
Sl 61pips

saxy4c:
I see it bullish bro. See that line price is at how it's acted as S/R several times. On your daily chart, where price closed is exactly the objective for the broken Tennant. Price is exactly at the 38% HTF retracement. Divergence on M15. Break out and retest of the beast pattern. M formation completion.
Gives me a long bias to risk small 30/40pips for 200/300 pips target. I could be wrong but looks pretty convincing with all the bullish signals. A great week to us.

ebenezary:
l enter forex practically in 2010 but one area that l still fail miserably is the money management, even up till this day though l have good trading strategy but my money management is nothing to write home

peteregwu:
Market opening....buying UsdJpy
@@105.562 TP 106.904
Sl 61pips

Pending order: Usdchf sell @0.92873 tp 0.91817
Sl 67pips

saxy4c:
I see it bullish bro. See how that line price is at has acted as S/R several times. On your daily chart, where price closed is exactly the objective for the broken Tennant. Price is exactly at the 38% HTF retracement. Divergence on M15. Break out and retest of the beast pattern. M formation completion.
Gives me a long bias to risk small 30/40pips for 200/300 pips target. I could be wrong but looks pretty convincing with all the bullish signals. A great week to us.

peteregwu:
Market opening....buying UsdJpy
@@105.562 TP 106.904
Sl 61pips

Pending order: Usdchf sell @0.92873 tp 0.91817
Sl 67pips

meshpips:


Traders usually have different reasons for wanting to buy or sell.

I took a sell from around your entry.

hidhrhis:

with the amount of pips he use as sl
he is trading the daily TF
his bias may be right so as urs
both the bulls and bears can gain from the same trade

Great man right here, missed you bro. Here has not been like it used to be man, I wish we had harnessed the opportunity we all had those time to connect more with one another; I'm sure majority have well graduated to a greater level by now and doing great in FX. Where are they all? I can't start tagging

meshpips:


Traders usually have different reasons for wanting to buy or sell.

I took a sell from around your entry.

meshpips:


Traders usually have different reasons for wanting to buy or sell.

I took a sell from around your entry.

IMAliyu:


Get this pdf and read it, it describes the more simple chart pattern reading.
Triangles, bullish and bearish flags.



And open a demo account with the broker of your choice with a realistic starter amount maybe 50-100 dollars And get a feel for trading with it.

You can later explore different strategies of trading.

So any amount below $50 and above $100 is unrealistic?

And you can slowly enquire about things you don't know.

IMAliyu:


Get this pdf and read it, it describes the more simple chart pattern reading.
Triangles, bullish and bearish flags.



And open a demo account with the broker of your choice with a realistic starter amount maybe 50-100 dollars And get a feel for trading with it.

You can later explore different strategies of trading.
And you can slowly enquire about things you don't know.

Crixxx:



So any amount below $50 and above $100 is unrealistic?

IMAliyu:

Nope any amount you'd feel comfortable to realistically starting trading with that if you loose and blew your account, it won't bother you. 50-100 is just a number I'm comfortable with.

I know a demo account isn't real, but a mistake some make is to train with an unrealistic starter amount like $10,000 which can easily absorb lose, you don't really learn much from that.

Start with a lower amount and if you're able to maybe 2x or 10x it then you know you're ready.

Pipsbasketings:
OK, market is closed - Lecture Time .
Topic: Risk/Money Management Plan
Short Intro: I knew about FX first in 2007 ish, traded live account for 4yrs ish and never blown my account since I found my root in Risk/Money Management. Now my question is: How many of you have/use excel sheet or some sort of risk/money mangement calculator(s) before entering a trade at all?
The majority of traders pay too much attention seeking the holy grail and neglect this aspect of the business.
This is not the typical 500-page book you would normally find to read, this is my personally designed work - lot of logical formulae and proportions included; I spend more time on this than my trading strategy . All you need is to understand this aspect and design an excel sheet like this to guide you.

PS: My desinged excel sheet is not only applicable to my pipsbasketing method of trade but to even single pair traders - all you need do is to clear the margin requirement box for all other pairs you don't need. With this plan, you know how many trades you lost that gets you a margin call. sweet ehh, it automatically calculates how much lot size you need per trade, and lot more.

My main point is: while you seek the holy grail, you have to be risk/money management gallant.

Shalom.

meshpips:


Traders usually have different reasons for wanting to buy or sell.

I took a sell from around your entry.

kkins25:
i wan learn ohh.... ive read quite a few books on forex, this is the first time im seeing something like this.... mentoring yet??
abeg start mentoring now before you blow con dey charge 300 dollars per month...

Karleb:


Blow?

Some of these guys are old men with millions in their accounts.