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My Forex Journey Of Growing Small Account (august-september) On Forex. by mrdharkchild(m): 4:24am On Sep 22, 2021 |
Good day to you, Nairalanders. I'm going to detail here, how I/Am grew/growing a 20k Naira account from August till date. I Trade regular currency pair Broker=Hotforex Trading App=Meta trader 4 (Mobile) STRATERGY= Reversal (HMU for more info on this) Time frame=4hr Indicator=Moving Avg (Exponential) Credits to IKAY FX Friend, Tutor and Motivator. You can join [b]IKAY FX[/b]telegram channel for signals and tutorials https:///cashforexnation Note: Suggestions are welcomed for a better Broker 4 Likes 2 Shares |
Re: My Forex Journey Of Growing Small Account (august-september) On Forex. by mrdharkchild(m): 4:41am On Sep 22, 2021 |
I deposited 20k Naira[/b]on the second of August (2021-08-02) Launched my first trade on the 4th of August. [b]Disclaimer: I've been trading forex for close to 2 yrs now, in 2020 I made alot of losses due to the following: 1. I was simply gambling 2. couldn't contain my greed 3. Did alot of revenge trading After making constant losses, I quit forex September of 2020. Recently, I was encouraged to pick it up again, this time with better risk localization, management, and greed management. And like I'd always say, "Forex, na Street, e nor de respect your status and stratergy as a forex trader 01 August - 05 August 2021 3 Likes 1 Share
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Re: My Forex Journey Of Growing Small Account (august-september) On Forex. by mrdharkchild(m): 4:47am On Sep 22, 2021 |
By containing greed, I meant the following: 1. Dropping my lot size to a 0.01 2. Reducing my risk to reward on a Risk:Reward = 1:0.5 which I used set as my TP= Take profit and SL=stop loss 3. Respecting my decision 4. Not monitoring the trade( having faith) 1 Like 1 Share |
Re: My Forex Journey Of Growing Small Account (august-september) On Forex. by mrdharkchild(m): 4:53am On Sep 22, 2021 |
August 8 - August 15 I made a loss.. This big loss, coupled with the last loss made me give up forex for a while, while attending to other things. Losing can be so scary and infuriating. The loss would have been much, we decided to hold the trade a bit longer. This was when I learnt patience in forex. Key is: 1. Patience and trusting tour strategy 2.The power of making decision (there are best loss and bad loss) 3. The power of breaking even (no gain no loss) 1 Like
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Re: My Forex Journey Of Growing Small Account (august-september) On Forex. by VeeVeeMyLuv(m): 4:58am On Sep 22, 2021 |
Op were u scalping? What time of the day did u take your trades? Did u use stop loss? 1 Like 1 Share |
Re: My Forex Journey Of Growing Small Account (august-september) On Forex. by mrdharkchild(m): 4:59am On Sep 22, 2021 |
8 Aug-22nd Aug I fought back. Took a bold step of using a 0.02 lot size, to cover for my losses. Strategy here was: 1. Check for my set up. 2. Trust my set up 3. Place trade and set TP. 4. Quit the application 1 Like 1 Share
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Re: My Forex Journey Of Growing Small Account (august-september) On Forex. by mrdharkchild(m): 5:04am On Sep 22, 2021 |
22Aug - 30Aug I grew fond of my stratergy. I just place trade, Set TP, Quit app, Hold trade if its going bad. And continued using my 0.02 lot size. Even though with my new found confidence, I was almost tempted to increase lot size and re-enter trades. I fought it, then made my first withdrawal. 3 Likes 1 Share
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Re: My Forex Journey Of Growing Small Account (august-september) On Forex. by mrdharkchild(m): 5:07am On Sep 22, 2021 |
I'm going to reveal to you how the money was spent.. I read in-between lines and make insinuations. I'm of the opinion that, this money came and problems came with it. I used it to solve problems. I don't know if that happens to others, too. Matter of fact, that's the capital reason for this thread. Or, maybe, it's my mind... hmmm 2 Likes 1 Share |
Re: My Forex Journey Of Growing Small Account (august-september) On Forex. by VeeVeeMyLuv(m): 5:09am On Sep 22, 2021 |
mrdharkchild:u tried Kudos to u Keep it up 1 Like |
Re: My Forex Journey Of Growing Small Account (august-september) On Forex. by mrdharkchild(m): 5:14am On Sep 22, 2021 |
2nd August- Date So far so good, I've made my capital, and made several withdrawals. I even attempted the 0.04 LOT size (scary) Then I got to settle with the 0.03 LoT size. I learnt from my past mistakes, Stuck to the strategy setup, Set my TP, Held the trade, Quut the App and do other things. NOTE: The proceeds from Forex was still used to solve uprising problems.
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Re: My Forex Journey Of Growing Small Account (august-september) On Forex. by mrdharkchild(m): 5:17am On Sep 22, 2021 |
I'm presently on a trade. I entered the trade yesterday, EURUSD. Presently losing. Guess what? I'd relate the results to you on my next post. I have quality ran an account for a friend.. Growing his small funds.
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Re: My Forex Journey Of Growing Small Account (august-september) On Forex. by mrdharkchild(m): 5:22am On Sep 22, 2021 |
VeeVeeMyLuv:I don't scalp. Scalping is for people that use the 1-day time frame, or the 5-30mins time frame.. It's a Hit (Eat) and Run. It's advisable to always use stop loss as a trader. Even though sometimes, trades could hit your stop loss, then head straight to your take profit. 1 Like 1 Share |
Re: My Forex Journey Of Growing Small Account (august-september) On Forex. by Liamm(m): 9:40am On Sep 22, 2021 |
If I invest 250k, how much estimate can you build in the next one month? |
Re: My Forex Journey Of Growing Small Account (august-september) On Forex. by mrdharkchild(m): 10:16am On Sep 22, 2021 |
Liamm: Around 50%, man |
Re: My Forex Journey Of Growing Small Account (august-september) On Forex. by SavageResponse(m): 10:40am On Sep 22, 2021 |
mrdharkchild: Liamm: According to one of the screenshots you posted you claim you recently made a withdrawal of $16,000 (approximately N7.5 million). Why then are you interested in an investment of N250K which is just shikini money? 1 Like 1 Share |
Re: My Forex Journey Of Growing Small Account (august-september) On Forex. by mrdharkchild(m): 10:44am On Sep 22, 2021 |
SavageResponse: Sorry man. The Catchy TOPIC says, GROWING SMALL account.. The 20k Naira account means, Twenty ThousandNaira Only Please, it's not Dollars.. 2 Likes |
Re: My Forex Journey Of Growing Small Account (august-september) On Forex. by Liamm(m): 11:48am On Sep 22, 2021 |
mrdharkchild:that's roughly 375k in one month. Alright. Is there any physical asset I can can use to nab you should the deal go south. Where are you based 1 Like |
Re: My Forex Journey Of Growing Small Account (august-september) On Forex. by mrdharkchild(m): 12:41pm On Sep 22, 2021 |
Liamm: No need for that. You'd open an account yourself. Fund it, Then I'd just help you trade.. I'd only have your login details for your trading account.. Then we'd agree a percentage.. That's all. It's your money and and it'll always be in your possession. You can open an account with HotForex. When you ready, HMU.... 1 Like |
Re: My Forex Journey Of Growing Small Account (august-september) On Forex. by edwardadex23(m): 3:20pm On Sep 22, 2021 |
@mrdharkchild....I sent you a PM bro please kindly reply there at reply with your WhatsApp number,I have some stuffs to discuss with you bro.Thanks |
Re: My Forex Journey Of Growing Small Account (august-september) On Forex. by mrdharkchild(m): 3:23pm On Sep 22, 2021 |
edwardadex23: I hope I'm safe? |
Re: My Forex Journey Of Growing Small Account (august-september) On Forex. by udede(m): 6:27pm On Sep 22, 2021 |
Liamm:i can at least double or even triple that amount through boom and crash |
Re: My Forex Journey Of Growing Small Account (august-september) On Forex. by mrdharkchild(m): 8:50pm On Sep 22, 2021 |
udede:Good luck with doubling and trippling man. Maybe the guy should invest with u |
Re: My Forex Journey Of Growing Small Account (august-september) On Forex. by mrdharkchild(m): 10:04am On Sep 23, 2021 |
Still losing.. My TP wasn't HIT so, I decided to drop the TP.. let's watch and See. 1 Like
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Re: My Forex Journey Of Growing Small Account (august-september) On Forex. by mrdharkchild(m): 3:34pm On Sep 23, 2021 |
Waiting to hit my TP 1 Like
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Re: My Forex Journey Of Growing Small Account (august-september) On Forex. by mrdharkchild(m): 3:35pm On Sep 23, 2021 |
Current position 1 Like
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Re: My Forex Journey Of Growing Small Account (august-september) On Forex. by VeeVeeMyLuv(m): 6:29pm On Sep 23, 2021 |
mrdharkchild:BIG BOY! |
Re: My Forex Journey Of Growing Small Account (august-september) On Forex. by shegzy0514(m): 9:04pm On Sep 23, 2021 |
mrdharkchild:Boss can u teach me the strategy, and can it b apply to boom and crash |
Re: My Forex Journey Of Growing Small Account (august-september) On Forex. by mrdharkchild(m): 10:57pm On Sep 23, 2021 |
shegzy0514: I really dont know much about boom and crash... A guy said something on this post about boom and crash. Check through |
Re: My Forex Journey Of Growing Small Account (august-september) On Forex. by shegzy0514(m): 11:35pm On Sep 23, 2021 |
mrdharkchild:But urs is it price action u use or indicator |
Re: My Forex Journey Of Growing Small Account (august-september) On Forex. by mrdharkchild(m): 1:01am On Sep 24, 2021 |
1 Like |
Re: My Forex Journey Of Growing Small Account (august-september) On Forex. by Prost1948: 3:37am On Sep 24, 2021 |
Forex is a great way of making money and if you have knowledge and skills then it will be easy for you to make a huge amount of money for your livings and can become rich with forex trading. xtradings |
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