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Forex Trade Alerts: Season 21 - Business (46) - Nairaland

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Re: Forex Trade Alerts: Season 21 by ogashman(m): 8:14pm On Feb 22
infofirst:
Where are you guys participating in the contest? I was going through and I have to drop this. Its not good money management to trade lot thats more than 0.05-0.1 on a $1000 account balance. No matter how sweet the signal is.


boss this also boils down to psychology. after having a losing streak of trades, one might be tempted to use bigger lots to recover....but I have come to discover that this in most cases is the beginning of blowing that account.
Re: Forex Trade Alerts: Season 21 by candlestick: 9:26pm On Feb 22
infofirst, how are d winners of d contest selected?

1 Like

Re: Forex Trade Alerts: Season 21 by infofirst(m): 9:35pm On Feb 22
candlestick:
infofirst, how are d winners of d contest selected?
Through the set rules and the system automatically rank traders based on their performance and max DD of 20%
Re: Forex Trade Alerts: Season 21 by infofirst(m): 9:36pm On Feb 22
@All, its the psychology for real.

1 Like

Re: Forex Trade Alerts: Season 21 by Karleb(m): 9:40pm On Feb 22
If you want to trade btc or gold or any volatile instrument, create a separate fx account for it. cheesy

It can give or take easily.


No emotion pleading allowed.

3 Likes

Re: Forex Trade Alerts: Season 21 by Kaesyrn: 10:04pm On Feb 22
Kaesyrn:


Trade idea �

EURJPY Long��

View for weekly...

It's at my R1 which might not take much volatility to break but would need a nudge...

A retest and gain of momentum would be needed to break the first resistance before reaching the second resistance above (purple box)...

This is a weekly timeframe so this retest would see like 4 H4 candles....

All in all this is technicals, fundamentals could influence the Euro which is the base quote here in this case and pump it up without needing a retest...

Meanwhile if you look carefully you'll see a candlestick formation and pattern...


First post here, I'll need contrary opinions from the elders tongue

Opened quite well this week...

Taking pips off the Short moves ��

Re: Forex Trade Alerts: Season 21 by Qpetz: 11:12pm On Feb 22
infofirst:
Losing more than 10% in a single trading day with no significant news release is a bad trading practice.



Never give up thou. Its fine to fall. Na who no get up after falling Bleep up.

Yeah, Brov. I concur.
Re: Forex Trade Alerts: Season 21 by Nobody: 11:43pm On Feb 22
infofirst:
Also, if you can not trade one or two pairs successfully, the odds of trading 25pairs successfully is close to zero.
Lol... I trade all major and minor pairs.
My rule for forest is simple. "Discover what works for you"

1 Like

Re: Forex Trade Alerts: Season 21 by Kaesyrn: 12:42am On Feb 23
Trade idea �

USDCHF SHORT ��

Spotting a double top formation....

Candle formation...

Re: Forex Trade Alerts: Season 21 by Abambam: 2:30am On Feb 23
Abambam:
Playing out now.
chfjpy buy @ 117.24 , stop loss 40pips , take profit x3

1 Like

Re: Forex Trade Alerts: Season 21 by Donvic4u(m): 3:11am On Feb 23
Abambam:
chfjpy buy @ 117.24 , stop loss 40pips , take profit x3

I've been waiting for u to place a trade call since you started posting charts, thank God u finally did..

Fingers crossed, more blues
Re: Forex Trade Alerts: Season 21 by infofirst(m): 3:31am On Feb 23
jcmaiah:

Lol... I trade all major and minor pairs.
My rule for forest is simple. "Discover what works for you"

Can I ask a question bro?
Re: Forex Trade Alerts: Season 21 by haryodehjia(m): 3:42am On Feb 23
jcmaiah:

Lol... I trade all major and minor pairs.
My rule for forest is simple. "Discover what works for you"

Trading so many pairs won't make u understand the market movement.. If u can get a max of 5-10 pairs u can trade weekly is OK.
Re: Forex Trade Alerts: Season 21 by Nobody: 5:54am On Feb 23
haryodehjia:


Trading so many pairs won't make u understand the market movement.. If u can get a max of 5-10 pairs u can trade weekly is OK.
Like I said, the problem people have in forex is trying to make it perfect like its a wedding gown. I will understand market movement alot better trading many pairs, just that it will take longer to master that.
I know people that trade one pair, and I also know people that trade all pairs like me.
Truth is, figure our what soothes your lifestyle, emotions and target, and trade accordingly. If I am to trade just one pair, I will need to be on PC more often that my schedule can permit.

2 Likes

Re: Forex Trade Alerts: Season 21 by Nobody: 5:54am On Feb 23
infofirst:


Can I ask a question bro?
Yep
Re: Forex Trade Alerts: Season 21 by highcurrent: 6:26am On Feb 23
Karleb:
If you want to trade btc or gold or any volatile instrument, create a separate fx account for it. cheesy

It can give or take easily.


No emotion pleading allowed.
True. see that massive drop from eithy,just in one day.

I pity those who bought at the top.

1 Like

Re: Forex Trade Alerts: Season 21 by dennison4luv: 7:45am On Feb 23
Honestly gold and btc can cause high blood pressure to someone. Those markets kills.
I will and run away from gold for now. For the newbie please leave gold and concentrate on currency, just be patient you will make it

1 Like

Re: Forex Trade Alerts: Season 21 by infofirst(m): 8:29am On Feb 23
jcmaiah:

Yep

What was your percentage gains every month since you started trading all major and minor pairs?
Re: Forex Trade Alerts: Season 21 by haryodehjia(m): 8:50am On Feb 23
dennison4luv:
Honestly gold and btc can cause high blood pressure to someone. Those markets kills.
I will and run away from gold for now. For the newbie please leave gold and concentrate on currency, just be patient you will make it
Btc is a good pair to trade anytime any day unlike Gold... Gold is the worst pair am scared of trading any time any day... Doesn't respect structure and also fundamental sad grin
Re: Forex Trade Alerts: Season 21 by haryodehjia(m): 8:52am On Feb 23
jcmaiah:

Like I said, the problem people have in forex is trying to make it perfect like its a wedding gown. I will understand market movement alot better trading many pairs, just that it will take longer to master that.
I know people that trade one pair, and I also know people that trade all pairs like me.
Truth is, figure our what soothes your lifestyle, emotions and target, and trade accordingly. If I am to trade just one pair, I will need to be on PC more often that my schedule can permit.

I was once like u trading so many thinking that will make me successful but no.. Too many pairs can cause u headache.
Do what u feel is best for u
Re: Forex Trade Alerts: Season 21 by tony84: 9:14am On Feb 23
Donvic4u:


I've been waiting for u to place a trade call since you started posting charts, thank God u finally did..

Fingers crossed, more blues
Good morning bro. Sent you a message
Re: Forex Trade Alerts: Season 21 by Nobody: 9:30am On Feb 23
haryodehjia:


I was once like u trading so many thinking that will make me successful but no.. Too many pairs can cause u headache.
Do what u feel is best for u
Lol... That's if getting your signals involves too much of plotting and calculations. Mine can be traded by someone who don't know what a candlestick is. I only log in once in a while to see how it's going. The beauty of it is that I don't need PC either. In order to control the risk, I trade not more than 0.01 lot size per 1000usd balance.
Re: Forex Trade Alerts: Season 21 by Nobody: 9:36am On Feb 23
infofirst:


What was your percentage gains every month since you started trading all major and minor pairs?
Not less than 20%. Ranges between 20% to 35% depending on volatility in that month. My lot is 0.01 per 1000usd in other to minimize the draw down. If I decide to double my lot not minding the drawdown, that would leave me at not less than 40% per month.
Re: Forex Trade Alerts: Season 21 by Nobody: 9:38am On Feb 23
infofirst:


What was your percentage gains every month since you started trading all major and minor pairs?
My own question, how many pairs do you trade and what's your lot size per 1000usd balance?
Re: Forex Trade Alerts: Season 21 by Nobody: 9:46am On Feb 23
haryodehjia:

Btc is a good pair to trade anytime any day unlike Gold... Gold is the worst pair am scared of trading any time any day... Doesn't respect structure and also fundamental sad grin
Gold respects support and resistance structures very well. Just that it required a lot of Equity to trade it. Like someone pointed out, Gold should not be traded with other currencies. It should have a dedicated account
Re: Forex Trade Alerts: Season 21 by infofirst(m): 10:04am On Feb 23
jcmaiah:

Gold respects support and resistance structures very well. Just that it required a lot of Equity to trade it. Like someone pointed out, Gold should not be traded with other currencies. It should have a dedicated account

Thats true. Gold is easier than Bitcoin. Bitcoin has no past history to guide your trading on the chart unlike Gold. I hail short term bitcoin traders. The long term traders are fine.

1 Like

Re: Forex Trade Alerts: Season 21 by infofirst(m): 10:09am On Feb 23
jcmaiah:

My own question, how many pairs do you trade and what's your lot size per 1000usd balance?

My normal self, I trade two pairs and max 5 pairs but study other pairs to improve my understanding of how price move and how support and resistance are respected.
When Mr greediness in me takes over, I trade as many pairs as will quench the greed.0.01 lot for every $1000 too except when Mr greediness took over again as well.

2 Likes

Re: Forex Trade Alerts: Season 21 by Nobody: 10:16am On Feb 23
infofirst:


My normal self, I trade two pairs and max 5 pairs but study other pairs to improve my understanding of how price move and how support and resistance are respected.
When Mr greediness in me takes over, I trade as many pairs as will quench the greed.0.01 lot for every $1000 too except when Mr greediness took over again as well.
Using 0.01 per 1000 and trading only max of 5pairs will always make you trade out of strategy once in a while because of the need to meet certain targets.
My take is this, if your strategy is solid, you increase your lot a bit. Maybe 0.02 per 1000usd
Re: Forex Trade Alerts: Season 21 by Donvic4u(m): 10:23am On Feb 23
dennison4luv:
Honestly gold and btc can cause high blood pressure to someone. Those markets kills.
I will and run away from gold for now. For the newbie please leave gold and concentrate on currency, just be patient you will make it


Gold doesn't cause high blood pressure,
Its trading it with a small account size and over leveraging that causes it

3 Likes

Re: Forex Trade Alerts: Season 21 by dennison4luv: 11:16am On Feb 23
Donvic4u:



Gold doesn't cause high blood pressure,
Its trading it with a small account size and over leveraging that causes it

Please mentor me on how to trade gold, that is where my problem is with forex trade.
I am okay with trading currencies but gold is killing me
Re: Forex Trade Alerts: Season 21 by Abambam: 11:35am On Feb 23
Abambam:
chfjpy buy @ 117.24 , stop loss 40pips , take profit x3
hit stop.

Re: Forex Trade Alerts: Season 21 by Mrbillionaire: 11:45am On Feb 23
dennison4luv:


Please mentor me on how to trade gold, that is where my problem is with forex trade.
I am okay with trading currencies but gold is killing me

Gold no be for boys o, na for people with big capital like Oga Info and pipsbask

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