FX:
Just made 100% profit on my live trading account in less than a month! My trading system is really working and delivering profits. I need bigger funds to manage with this trading system.
Login into the account with the investor password and confirm for yourself.
NB: Past results is not a guarantee of future performance.

IMAliyu:


I won't say I use, more like I've blown a cent account before.
But here is what I learned.

A #50 cent account, should appear as #5000.
The experience trading shouldn't be any different from trading a standard #5000 account.
Just that your profits/lose are in cents.

Leverage depends on you, How many trades or lots do you usually have open at a time?
But to keep risks low I'd personally go with a 100 leverage.

Theyoungmaster:



Thanks for your response brother. Which broker and leverage did you use for the cent account back then?

IMAliyu:
A look at my first live account from 2018.

I basically had no idea what I was doing.
No SL no TP, no technical analysis. Just guessing.

Don't worry its an fbs cent account. I just had some money ($10) stuck on skirll, and didn't want to leave it there.
So I decided to try trading, or just donating it to the broker in this case

IMAliyu:

FBS
1:1000

Didn't have much of an idea of what I was doing back then, but a leverage that high allowed me take some stupid trades.

infofirst:


Good result. But chill, try and build your own account more and in months, just join any of those sites where you can attach your account and you will be surprised with the investors that will show interest.

infofirst:


Good result. But chill, try and build your own account more and in months, just join any of those sites where you can attach your account and you will be surprised with the investors that will show interest.

Benqozenero:

Good job. I have always known you can do this.

orogo:
Trading any volatile market is a risky endeavor. With a failure rate of 92 percent, anyone coming into farex have a very good probability of failing. There are just too may skills which you have to get good at but I will list the 3 major ones.

1. Technical skill
2. Money management skill
3. Trading psychology skill

Technical skill is the most common skill that is being developed. If you can keep things really simple and understand why the forex chart trends or ranges, you will do just fine. High win rates can have low RRR and low win rates must have high RRR.

Money management is another cornerstone of trading. Now there are different ways to go about this and I certainly started out with the crude methods. But the simplest method of doing money management is to bet a fixed amount of money (usually a percentage of your account like 2%) you are comfortable losing per trade. There are risk management tools out there that can help you calculate your lot size based on the stop loss distance for the trade and a fixed percentage of your account. With this approach, you don't really need to worry about leverage and all that anymore. Excess leverage might be enabled in your account but you probably wont be using it to lose unimaginable amounts.

Trading psychology is probably the most advanced of all 3 because you meet it after you've conquered the first 2. It is a very long and broad topic as I've touched on it a bit here before. A simple way to go about this is to understand the life cycle of trading. First and foremost, when you choose to start trading you choose to accept going through this life cycle which can be very painful. This is another reason why trading is simple but not easy.

----> Build Account --------> Account gets knocked down --------> Restart building account without losing money ------->

Now to restart building account without losing money means you have to continue betting according to your plan. So if you've planned to bet N10,000 per trade or 2% of account, you cannot just jump to bet N50,000 or 10% of account. If you do that, then you'll risk losing N40,000 or 8% of your account. In summary, when you lose following your plan, you're just trading. But when you lose outside of your plan, you're losing money. So here we have it......

DO NOT LOSE MONEY!!!!!!!
DO NOT LOSE MONEY!!!!!!!
DO NOT LOSE MONEY!!!!!!!

Lets I forget, always know that the fastest, safest and most reliable way to rebound from a loss/ drawdown is to let go and walk away. Whenever you're in that position, always remember that you have 2 options; to let go or not to let go. The statistics of not letting go is a 95% chance of prolonged drawdown and possible account blowing while the statistics of letting go is a 95% chance of quickly ending the drawdown and immediately rebounding the account. You are the risk manager, choose wisely.

Merry Xmas.

TheYoda:
Sir as a veteran you should know also that screenshot of history doesn't mean anything.

Veteran should not argue about buy and sell arrows on chart or screenshot of history. Those doesn't mean sh*t in forex.

Nobody needs to prove anything unless you are selling something here but at the same time , if you are feeling like showing proof , please do some screen short of arrows, don't do screenshot of account history.

Veterans should know better, those doesn't prove nada. If you want to prove something , as a veteran you guys know what to do.

So if both of you my ogas want to argue or show prove , please do it the right way

Theyoungmaster:
Please who has used a cent account before? How's the experience like? I have opened a cent account with liteforex. What possible pitfalls and obstacles do I face? I intend funding it with less than $50...(now don't laugh, that's what I can afford right now, I'm still learning). So, are there any disadvantages I face with such low balance? What leverage is advisable? Please I need answers. Thanks in anticipation.

orogo:
Trading any volatile market is a risky endeavor. With a failure rate of 92 percent, anyone coming into farex have a very good probability of failing. There are just too may skills which you have to get good at but I will list the 3 major ones.
...

Merry Xmas.

Dwaynemustafa:
Pls house somehelp out here, I want to learn how to trade what's de best way... Tankz..

To be honest and without an atom of bias, this does not sit well at all; theyoda is pointing out crucial information about your arrows @meshpips. I followed through and don't feel good about your post @Meshpips.

1. You did not make the call but posted your outcome 6hrs ish into the trade (see attached pix) which obviously was going your way. I see that you used Mrbillionaire's call to maximize your opportunity of letting us all know that the trade was going your way and you indeed are in profits.
Note: You ONLY do justice when you post results of ONLY the trades you call. My question is: would you have posted the trade if it was going against you - we wouldn't even know cos you never called it.
2. Then you closed it just a few minutes after posting your ongoing position and rushed here to show the arrow to further emphasize that your position was top notch.

I have a suggestion (come FTA 2021) that may seem tough for @Seun to implement:
1. @Seun needs to make whoever is the FTA 2021 creator, the moderator as well, at least for the length of the thread existence: 1year. Hence, the FTA21 creator is also the FTA21 moderator.
2. The FTA 21 creator and mod can then post all FTA-specific rules on the very 1st page.
3. Whoever comes here and goes against the already defined rules will be reminded what specific rule is broken, get warned once and issued a yellow card.
4. For any 2nd offense against the defined rules, he gets a red card and banned for 6months ish.

A lot of things are not right with this thread.

meshpips:

You will pretend that you did not see the GBPUSD trade I posted while it was still running. Was it different from the arrows posted after the trade?

I even mentioned where I expect buyers to be and exited there. Did you notice how the trade seemed to halt there?

Why would people wanna learn fraudulent ways of doing things?

Pipsbasketings:
To be honest and without an atom of bias, this does not sit well at all; theyoda is pointing out crucial information about your arrows @meshpips. I followed through and don't feel good about your post @Meshpips.

1. You did not make the call but posted your outcome 6hrs ish into the trade (see attached pix) which obviously was going your way. I see that you used Mrbillionaire's call to maximize your opportunity of letting us all know that the trade was going your way and you indeed are in profits.
Note: You ONLY do justice when you post results of ONLY the trades you call.
2. Then you closed it just a few minutes after posting your ongoing position and rushed here to show the arrow to further emphasize that your position was top notch.

I have a suggestion (come FTA 2021) that may seem tough for @Seun to implement:
1. @Seun needs to make whoever is the FTA 2021 creator, the moderator as well, at least for the length of the thread existence: 1year. Hence, the FTA21 creator is also the FTA21 moderator.
2. The FTA 21 creator and mod can then post all FTA-specific rules on the very 1st page.
3. Whoever comes here and goes against the already defined rules will be reminded what specific rule is broken, get warned once and issued a yellow card.
4. For any 2nd offense against the defined rules, he gets a red card and banned for 6months ish.

A lot of things are not right with this thread.

meshpips:

First let me make it clear that I owe nobody the responsibility of making trade calls.

TheYoda's post seems to suggest that I have learnt a way of fraudulently putting the arrows on the chart. This is the reason for my response.

jbutney:
happy new year in advance everyone.
Please experts in the house, What does that closing candle on EurNzd mean? A bearish candle with such long wick and small body at the bottom of a downtrend and on support.

meshpips:
I know there might still be a few people sceptical about the trades on gold which I posted the arrows.

The screenshot below will help you believe if you fall into that class.

Maybe when next TheYoda tries to post those arrows which he has fraudulently learnt how to generate, y'all can ask him to show you the actual trades on his profit blotter to truly affirm whether or not he took the trades.

Englishisamust:


Demo or live account?