kendoschurrle:
forex traders 🤝naija pastors

dem go predict 100 things but only 5 go happen

will it stop them from predicting another 100? for where

if you like no follow the market dey predict wetin e go do as if you get secret map for ya parlor

dmahn:



They say success is a lone journey but does that mean you don't need people to survive? Nope!! Well trading alone is good, but just like anything in this life, cooperation is needed, no one achieved success alone. Two head is better than one.

As a beginner trading alone is risky. You need to move with someone that knows much more than you to assist. Build confidence with that first then you can trade alone later

I don't post trade calls here to proof anything but just to see my ogas reject the idea and I can rethink my analysis and its been very helpful alot.

My secret is just that anytime I see buy, I consult those that are better than me, if they see buy, I will buy, if they see otherwise I won't take the trade. We might both be wrong sometimes but it has helped me alot.

Peace

meshpips:


My brother, if any oga see wetin you nor fit see, please still follow your own analysis.

You need to get to that point as a trader that you trust your method 100%. As you eliminate the errors one by one, you inch closer and closer to that level where you have 100% trust in your method.

Traders have a mind of their own, all of us get coconut head. We only follow what we want.

Stay focused on your method, don't jump from strategy to strategy. It will be only a matter of time before the market will reward you.

BrightFuture48:

They will be disqualified soon. Those are greedy mofos. Don't mind them.

pipfisher:


1.70225... it passed my SL. But my problem is how come. Price didn't go anywhere close to that price, neither was there a spread that wide.

profitlift:


To support your claim, I have similar experience back in the early years. My micro account was liquidated by a single spike but fortunately I took the screenshot of the chart on 15min timeframe. Then over the weekend I was backtesting and studying my 15min timeframe startegy at that time and to my greatest surprise I couldn't locate this spike that took my account out again. After thoroughly searching and checking with other broker's chart I was convinced of feed manipulation by my broker and took it up with them. I mailed them the screenshot I took as well as the screenshot of the account statement to show them the exact time my position was closed which correlated to the time of the said spike.

Two days or so after, they got back to me appologizing and blaming the anomaly on "wrong data" from their feed source and they refunded the exact money I have left in the account prior to that last trade. I withdrew that money out and of course that was the last time I funded that brokerage. Now imagine if I had not taken the screenshot at that time, how on earth would I have been able to buttress my point and win my claim with that broker. Another saving grace was the fact that the screenshot was taken on a 15min timeframe which makes the said spike clearly visible otherwise had it been taken on a higher time frame (e.g 1hr, 4rh), it might be dificult to track down to the exact time.

The above and similar manipulations which are not visible but only to the trained eye clearly explains why one can be succeeding on a demo account but it is a different ball game entirely the moment you go live especially with the market makers and deal desk brokers. The broker in question was even a well rated broker at that time. These things happen and experince they say is the best teacher. Nowadays, I compare my chart on three different brokers and automate the taking of screenshots with EA especialy when my orders are opened and closed so I can have a reference point just in case issues arises.

Since broker gimmicks is a hot debate among traders, I don't really have the time to be convincing people about these things that happen in the forex world but just decided to present the above here seeing a good platform to do so. Quite a lot of traders only focus on trading strategies and does not bother with the kind of broker they commit their fund. Clearly the odds are in ones' favour when trading with honest brokers while it is difficult or almost impossible to succeed with the crook ones.

Borntosmoke:
I'm not trying to discourage. Abeg make unaa follow Yoda advice. He get why!!. The most sweetest in this life is having job or business that pay you and trading forex per time. Pressure no go dey!!!!

samfelly:


Exness was my number 1 broker. I was even their dye-hard advocate, here, until my hard-earned 20k went missing behind-the-wires, my interest in them disappeared, fiam.

samfelly:


If anything is to motivate you to take this forex as ur number 1 serious side-business, let it be https://myfundedfx.tech/competitions

Let the cash reward there make you strive hard to find urself among 1st to 5th winner. You can do it! Make it a Me, Myself and I thing

Meanwhile, April competition is now open for registrations. COME ONE, COME ALL FTAs!!!

csckid:


when will April competition start ?

rainlover:
some kind question sef... It will start in August

csckid:


when will April competition start ?

dmahn:


Yes cheif.. Well understood. Thanks. I will get to the point of trading alone very soon..I just love 2 factor authentication for now Getting closer.. Once my account gets to a reasonable % I'm good to go alone

samfelly:


Correct me if I am wrong; www.Myfundedfx.tech RULES are very different from www.TheFundedTraderProgram.com own - in terms of number of allowed positions.

While TFT only allow 5 positions max, MFF seem to be unlimited (as long as your leverage doesn't hinder you.)

WAVESANDGOLD:

Hope you will not become djwalata

samfelly:


Yes, it is very very important to make forex trading a side-business. That way you will be very free to take trades with a clear head and not under pressure (financial pressure). The great and renowed Mark Douglas testifed to this, as well.

meshpips:

Making it a side business will greatly reduced your chance of ever becoming consistently profitable.
Do not give yourself options. Stay committed to making it work.
You can earn by copying trades of other people or even using paid signals (if you find a reliable service provider).
You can make money from referral earnings but do not make the mistake of taking your attention outside the industry lest you jeopardize your chances of victory over the markets.

meshpips:


Let me add that it needs to first go sub 19,000 before we will see or hear of a catalyst that will drive it high up.

Fxwarrior:
If you entered buy around 183x, you may adjust stoploss to 1845.

Protect your capital.

meshpips:
GBPUSD

I just went long at 1.2056

jamace:
Stop loss hunting there. I feel going short is safer. Talking from 1H point of view.

peteregwu:
On AUDUSD, as long as the market has given me a weekly close below 0.65851, I am anticipating a drop to the 0.61768 level. That's about 450+ pips.

kozmicity:
GJ, UJ & EJ. Hopefully the new week brings a confirmation entry on GJ.