TheYoda:

Well, I have better strategy, bring 850$, in 8 days, I'll be able to get you 28000$. When you're ready, I'll give you details, where to send money to.

Pipsbasketings:
I don't understand the question, pls expatiate..

WallStreetfx:
NZDCAd let see whether price can satisfy our entry point

WallStreetfx:

I hope is not bet9ja

IMAliyu:

I don't think TheYoda was referring to BTC as a scam, but that anything/anyone that offers to give you high rewards like 7x on investment in a week is most likely a scam .

Empiree:
I have bunch of them where I live. Even just yesterday a friend of mine reached out to me that her father invested $500 and in few days he earned $1200 in return. " No be juju be that LOL " Still, I am not interested, period. Bitcoin is a speculation, but potentially lucrative.

TheYoda:
I go carry for handicap lol or go play baba ijebu for 2 sure lol or what is it called.

Thanks Bro,

wetin btc atm got to do with invest 1k and take 8k in 7-14days.

HEHEHEHE Pls sir, invest in it too... but please promise to come back when you get your fingers burnt to gist us.

You see people never learn, MMM, and all scheme and you see people still fall for it over and over again.

Boss nothing else I can tell you oh, well invest what you can afford to burn.

IMAliyu:

I don't think TheYoda was referring to BTC as a scam, but that anything/anyone that offers to give you high rewards like 7x on investment in a week is most likely a scam.
Even FX traders trade gold, BTC and other commodities.
Just a week ago a fraudsters was successfully ousted on here, so tensions are still high and no one here wants another case of people falling for any more scams.

IMAliyu:
NZDUSD Finally falling.
Not my best entry.

ogashman:


nice trade but ur SL is huge o

IMAliyu:

Yeah, I'll be tightening the SL along the way.
I just a saw potential for a retracement and didn't want to get stumped out too early.

Donvic4u:


UsdCad...

What was the conditions u look for before entering the trade

hidhrhis:

peteregwu the cousin of justin bennett
i welcome u back

TAGM:


yes boss.

please guys why is the Euro strengthening against the dollar?

ogashman:


nice trade but ur SL is huge o

Pipsbasketings:
I indicated that on my very first post (chart) on UCAD when eyeing it.

The bolded: You have made the biggest move - standing on the shoulders of giants. This is (I strongly believe) the very 1st step in Risk/Money Management. In fact, your broker (if a market maker) may not be happy with you that you chose this leverage amongst many.

2nd Step: Your lot size. I wish you could mention what your capital or equity is (BUT DON'T); do your homework before you start trading!!! surf your broker's website and dig into their margin requirements for each pair. Determine how much margin is required to enter each pair, then calculate how much free margin and margin level (in %) you will have left after entering a trade.

Use that to determine how many pairs you can enter all at a time - don't overtrade.

Then determine how much pips you are willing to lose, how much free margin will be taken away from the lost pips, how much margin level will remain after the loss (you want to make sure it doesn't go below 100% to be safe), you want to know how much pips lost will give you a margin call. etc.

3rd Step (Actually the 1st): A believed working strategy, backtesting, forward testing using demo, then you are set for success

Finally, pls note that you will record losses, for sure (be prepared for it), the question is: how many trades will you lost that will send you back to demo.

Finally, always note that: a missed trade is better than a lost trade

Wishing you success

friend2Macron:
Finally got my live account application approved. After the advice I got here, I went with a broker with leverage of 50:1. I hope to learn from the gurus here.

Pipsbasketings:
The bolded: You have made the biggest move - standing on the shoulders of giants. This is (I strongly believe) the very 1st step in Risk/Money Management. In fact, your broker (if a market maker) may not be happy with you that you chose this leverage amongst many.

2nd Step: Your lot size. I wish you could mention what your capital or equity is (BUT DON'T); do your homework before you start trading!!! surf your broker's website and dig into their margin requirements for each pair. Determine how much margin is required to enter each pair, then calculate how much free margin and margin level (in %) you will have left after entering a trade.

Use that to determine how many pairs you can enter all at a time - don't overtrade.

Then determine how much pips you are willing to lose, how much free margin will be taken away from the lost pips, how much margin level will remain after the loss (you want to make sure it doesn't go below 100% to be safe), you want to know how much pips lost will give you a margin call. etc.

3rd Step (Actually the 1st): A believed working strategy, backtesting, forward testing using demo, then you are set for success

Finally, pls note that you will record losses, for sure (be prepared for it), the question is: how many trades will you lost that will send you back to demo.

Finally, always note that: a missed trade is better than a lost trade

Wishing you success

Pipsbasketings:

do your homework before you start trading!!! surf your broker's website and dig into their margin requirements for each pair. Determine how much margin is required to enter each pair, then calculate how much free margin and margin level (in %) you will have left after entering a trade.

Use that to determine how many pairs you can enter all at a time - don't overtrade.

kkins25:
Do you know that, ive watched 100s of videos and have read about 15 books on forex trading(aside the online articles) and no one of them mentioned the bolded up there.... i am- as a matter of fact just finding out. All people say is make sure youre risk reward ratio is 1:2 or 1:7 self. No one ever mentions the margin requirements for each trade. WOW!!! RESPECT SIR!!
if possible, could i get the login details of ogashman, theyoungmaster and maliyu? i would like to observe their trading method

kkins25:
kai!!!
Becareful dier, dont allow me call SARS for you

Pipsbasketings:
Thanks boss for adding to the contest prize, I'm still speechless

WallStreetfx:


Lol
You bi bossoo abeg share me some PDF.

JAkpayen:


Thanks to Jehovah!

@kkins25, I have come to realise that what you really need to succeed in trading is inside the MT4 and MT5, then stay abreast of key fundamentals/ news

kkins25:
please elaborate, i sabi read well well. did you see my trades or something that made you decuce? abeg, At this point i just fill like im missing a little something from becoming a pro trader... i mean, my setups usually corroborate others but i end up being the one in loss. it beats me...any advice for the boy abeg!!thanks sir!!

Pipsbasketings:
Contest Update: Trading Period (bi-weekly): 1/Nov/2020 --- 14/Nov/2020

---

7 out of 15 made it through to the next (2nd) trading period: 15/Nov/2020 --- 28/Nov/2020
Note: Only those with the shown monikers make it to the next trading period - 3 more trading periods to win (1st, 2nd, and 3rd)

Wishing you success!

Pipsbasketings:
Contest Update: Trading Period (bi-weekly): 1/Nov/2020 --- 14/Nov/2020

---

7 out of 15 made it through to the next (2nd) trading period: 15/Nov/2020 --- 28/Nov/2020
Note: Only those with the shown monikers make it to the next trading period - 3 more trading periods to win (1st, 2nd, and 3rd)

Wishing you success!