Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,153,001 members, 7,817,964 topics. Date: Sunday, 05 May 2024 at 12:12 AM |
Nairaland Forum / Nairaland / General / Business / What Are The Problems You Face As A Forex Trader? (7562 Views)
Elijah Oyefeso Now A Stock Trader, Earns £30,000 On A Bad Month (pics) / What Are The Problems You Face As A Paypal Account Holder in Nigeria/Ghana? / I Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers (2) (3) (4)
Re: What Are The Problems You Face As A Forex Trader? by beejaay: 5:19pm On Jul 21, 2012 |
akhis:thanks for the reply on my behalf bro. i have replied so many times but my posts were hidden |
Re: What Are The Problems You Face As A Forex Trader? by Diamondpat(m): 11:30pm On Jul 21, 2012 |
isaco: I am one of forex victims. I lost over $1500 before, i thought i hav known it, my trainer even knows nothin about fx. He deceived me. Now, Fear will not allow me back. I dont believe one can make money from it at all. Anyone can prove me wrong by trading for me with reasonable and stable income. Note: with a serious legal backing deal.DONT MIND UR TRAINER, FX IS THE BEST ONLINE BIZ. BELIEVE THAY. 1 Like |
Re: What Are The Problems You Face As A Forex Trader? by Diamondpat(m): 11:43pm On Jul 21, 2012 |
isaco: I am one of forex victims. I lost over $1500 before, i thought i hav known it, my trainer even knows nothin about fx. He deceived me. Now, Fear will not allow me back. I dont believe one can make money from it at all. Anyone can prove me wrong by trading for me with reasonable and stable income. Note: with a serious legal backing deal.I CAN MENTOR U, AND UR LIFE WILL HAVE A TURN AROUND. E.O.D! |
Re: What Are The Problems You Face As A Forex Trader? by bambuzz88: 1:54pm On Jul 22, 2012 |
maryjames9: I dont know how to stay away from the market especialy during european crisis when eu cant even boast of 40 straight pips. Also, power problem. My laptop backs up for 3 hours and at times i need 2 use it for longer time. Sleep and discipline to wake up during asian session basically are my issues. The biggest though is stayn off market when eu wont just move. Thanks TRY AND LOOK FOR A MORE VOLATILE CURRENCY THAT WILL SUITE UR PERSONALTY LIKE THE SWIISY, AN AVERAGE INVESTOR FOCUS ON ONE DIRCTION ONLY ,BUT AN AVERAGE SUCCESFUL INVESTOR MAKE MONEY ON BOTH DIRECTION, IF EU IS DOWN ,IS AN OPPORTUNITY TO FOCUS ON US ECONOMY AND THRIVE ON, AND FURTHERMORE, U RE NOT A MONGOLOID, EUROPEAN, LONDON, AND US SESSION WILL BE OF BENEFIT TO U IF UR STRATEGY IS COOL |
Re: What Are The Problems You Face As A Forex Trader? by bambuzz88: 2:12pm On Jul 22, 2012 |
Hoodrat: Sleepless night is my number one problem and psychological torture, although you can leave the trade and let it run it doesn't matter if you have internet or not. My first week in forex yielded and got me a 2000 dollars profit after that massive profit I lost it because and every trade I placed seem to go against me and it went on for over 3 weeks till I ended up losing all and had to invested in clothing line. My advice is stay way from forex if you have got so much money invest in physical business that you can easily control and not the forex nonsense because the brokers are not ready to pay you when you are wining and are ready to trade against you. if you trade from 1 dollars upward you know what i mean im not talking about those trading under 50 cent. CONSIDERING THE LIQUIDITY IN THE MARKET,EVEN STOCK TRADERS AND INVESTORS ENGAGED IN HEDGE FUNDS ARE ATRACTED TO IT, I THINK YOUR PROBLEM WHICH IS THE MOST IMPORTANT IS SELECTING A REPUTABLE BROKER THAT IS NOT A MAKERMAKER. WHEN YOU ARE USIN A MARKETMAKER BROKER(DESIGN FOR RETAIL TRADERS), WHEN YOU(CLIENT) MAKE A BUY ORDER, THE BROKER IN TURN SELLS, SO IF U PROFIT , THE BROKER LOSS, SO YOU CAN SEE THE CONFLICT OF INTEREST BETW THE 2 PARTY,BUT DT DOESNT MEAN U SHUDNT B PAID IF YOU WANT TO PLAY IT BIG IN THE MARKET, I SUGGEST YOU GO FOR AN ECN OR STP BROKER , WHERE YOUR ORDERS RE FORWARDED STRIAGHT TO THE INTERBANK, THERE IS NO CONFLICT OF INTEREST WITH TRUE ECN, BROKER DOESNT MAKE MONEY FROM UR SPREAD(VERY LOW IN 5 DIGIT),AND YOUR PROFIT POTENTIAL IS UNLIMITED IF YOU HAVE THE RIGHT STRATEGY, WHAT DEFINES A TRADE IS NOT THE AMOUNT OF PROFIT(IT COULD BE A GAMBLE) BUT THE QUALITY OF YOUR TRADE, SO DONT GIVE UP IF YOU RILY FOCUS ON THE FIRST RULWE OF A TRADER............PLAN YOUR TRADE AND TRADE YOUR PLAN..................CHEERS |
Re: What Are The Problems You Face As A Forex Trader? by bambuzz88: 3:28pm On Jul 22, 2012 |
[size=14pt]Finally after losing so much in this world of forex, I found an indicator that helps me back my way of win. I call this indicator as SUPER Indicator. Honestly, I don’t create this indicator. But it’s combined from many sources with Trader’s Dynamic Index as the main pivot. Completed with many indicators in order to improve its perfection and accuration in giving entry and exit signal. Basically it can be used in all pairs, all timeframe. But I usually use it in long term entry USDCHF, GBPUSD, GBPJPY, GBPCHF & EURUSD with 30 minutes and hourly timeframes, FEEL FREE TO TRY IT OUT WITH A DEMO ACCOUNT. [/size]
|
Re: What Are The Problems You Face As A Forex Trader? by bambuzz88: 4:04pm On Jul 22, 2012 |
Hoodrat: Sleepless night is my number one problem and psychological torture, although you can leave the trade and let it run it doesn't matter if you have internet or not. My first week in forex yielded and got me a 2000 dollars profit after that massive profit I lost it because and every trade I placed seem to go against me and it went on for over 3 weeks till I ended up losing all and had to invested in clothing line. My advice is stay way from forex if you have got so much money invest in physical business that you can easily control and not the forex nonsense because the brokers are not ready to pay you when you are wining and are ready to trade against you. if you trade from 1 dollars upward you know what i mean im not talking about those trading under 50 cent. BROH THE MOST IMPORTANT PART OF FOREX TRADING IS FINDING A REPUTABLE BROKER THAT IS NOT A MARKETMAKER(IF U RE NT A RETAIL TRADER) WHEN YOU RUN A MAKRKETMAKER BROKER(DESIGN FOR LEARNERS AND RETAIL TRADERS), IF YOU(CLIENT) PLACE A BUY ORDER, THE BROKER IN TURN PLACE A SELL ORDER, SO YOU CAN SEE THAT IF YOU PROFIT, THE BROKER LOSE,......CLEAR CONFLICT OF INTEREST IF YOU TAKE TRADING SERIOUS AS A PROFESSIONAL, I SUGGEST YOU LOOK FOR A REPUTABLE BROKER THAT RUN STP OR ECN. ALL ORDER IN THIS MODE ARE FORWARDED TO THE LIQUIDITY PROVIDER, AND STRAIGHT TO THE INTERBANK POOLS, WITH STP(STRAIGHT-THROUGH PROCEESSING)/ECN (ELECTRONIC COMMUNICATION NETWORK) ---- YOU HAVE ACCESS TO TRADE WITH CENTRAL BANKS OF THE WORLD WITH SWEET LIQUIDITY, ------YOU CAN EARN UNLIMITED AS A SCALPER OR SWINGLER CUS THE SPREADS ARE IN 5 DIGITS DECIMALS, -------THE BROKER HAS NOTING TO GAIN OR LOSS FROM YOUR TRADE SO THEY CHARGE COMMISSION PER 1 STANDARD LOT FOR ECN ACCOUNT, -------SO MUCH LIQUIDITY IN THIS MARKET THAT ATTRACTS INVESTOR FROM STOCK AND HEDGE FUNDS AND LASTLY FOLLOW THE RULE OF PLAN YOUR TRADE AND TRADE YOUR PLAN, YOU COUD GAMBLE FOR A HIGH PROFIT WITHOUT A PLAN BUT TRADIN IS ABOUT QUALITY....CHEERS 1 Like |
Re: What Are The Problems You Face As A Forex Trader? by bambuzz88: 8:22pm On Jul 22, 2012 |
@hoodrat BROH THE MOST IMPORTANT PART OF FOREX TRADING IS FINDING A REPUTABLE BROKER THAT IS NOT A MARKETMAKER(IF U RE NT A RETAIL TRADER) WHEN YOU RUN A MAKRKETMAKER BROKER(DESIGN FOR LEARNERS AND RETAIL TRADERS), IF YOU(CLIENT) PLACE A BUY ORDER, THE BROKER IN TURN PLACE A SELL ORDER, SO YOU CAN SEE THAT IF YOU PROFIT, THE BROKER LOSE,......CLEAR CONFLICT OF INTEREST IF YOU TAKE TRADING SERIOUS AS A PROFESSIONAL, I SUGGEST YOU LOOK FOR A REPUTABLE BROKER THAT RUN STP OR ECN. ALL ORDER IN THIS MODE ARE FORWARDED TO THE LIQUIDITY PROVIDER, AND STRAIGHT TO THE INTERBANK POOLS, WITH STP(STRAIGHT-THROUGH PROCEESSING)/ECN (ELECTRONIC COMMUNICATION NETWORK) ---- YOU HAVE ACCESS TO TRADE WITH CENTRAL BANKS OF THE WORLD WITH SWEET LIQUIDITY, ------YOU CAN EARN UNLIMITED AS A SCALPER OR SWINGLER CUS THE SPREADS ARE IN 5 DIGITS DECIMALS, -------THE BROKER HAS NOTING TO GAIN OR LOSS FROM YOUR TRADE SO THEY CHARGE COMMISSION PER 1 STANDARD LOT FOR ECN ACCOUNT, -------SO MUCH LIQUIDITY IN THIS MARKET THAT ATTRACTS INVESTOR FROM STOCK AND HEDGE FUNDS AND LASTLY FOLLOW THE RULE OF PLAN YOUR TRADE AND TRADE YOUR PLAN, YOU COUD GAMBLE FOR A HIGH PROFIT WITHOUT A PLAN BUT TRADIN IS ABOUT QUALITY....CHEERS |
Re: What Are The Problems You Face As A Forex Trader? by bambuzz88: 11:32pm On Jul 24, 2012 |
economia: Ingenuity of broker is my problem, even when i found one (marketiva) that i trust its platform became unuderstandable go for broker that operate true stp execution or ECN, even legal market-makers will rob you because their is a clear conflict of interest.....but stp and ecn brokers will offset al orders to thier liquidity provider then to interbank pools , if you are not in nigeria now,, you will joy gomarket, and vantagefx......but if u re a 9ja trader u will equally like tadawulfx which operates interest free islamic account.......peace 1 Like |
Re: What Are The Problems You Face As A Forex Trader? by prowlG: 3:48pm On Oct 10, 2012 |
can one avoid missing a trade? |
Re: What Are The Problems You Face As A Forex Trader? by bambuzz88: 8:18pm On Nov 08, 2012 |
prowl G: can one avoid missing a trade? Logic wins , impulse kills |
Re: What Are The Problems You Face As A Forex Trader? by saudatu(m): 7:19pm On May 08, 2013 |
bambuzz88:bro the indicator is not appearing on my chart haven copied it to the root folder of my mt4. pls help |
Re: What Are The Problems You Face As A Forex Trader? by Iphiebarb: 7:55am On Feb 05, 2022 |
Do you still trade? xremmy: |
Re: What Are The Problems You Face As A Forex Trader? by Yanucar: 11:16am On Apr 18, 2022 |
Hello, unlike a stable job with a salary, investments (and trading is one of the forms of investment) have a floating rate of return. In other words, your earnings depend not only on the chosen strategy, but also on the capital with which you trade. When people see numbers in the tens and hundreds of thousands, just from the comments you can see how their eyes light up. But you need to understand that a successful trader who has been in this area for more than 5 years, obviously, does not have $100 in his account. Studying serious publics dedicated to trading, and talking with people who have been working in this field for many years helps to increase earnings, go here to learn how to trade correctly and where to start. |
Re: What Are The Problems You Face As A Forex Trader? by JohannLibert: 10:42am On Mar 22, 2023 |
Suggest good brokerage companies! Thank you! |
Re: What Are The Problems You Face As A Forex Trader? by libertanna: 10:43am On Mar 22, 2023 |
Becoming a successful forex trader requires analyzing the market and forecasting accurately. It's difficult to gain the necessary experience on your own. However, you can learn from educational resources on a malaysia broker comparison and leverage the experience of expert traders. This can help you start earning from forex trading sooner. |
Join Our Whatsapp Bitcoin Group / Binary Options Trading Strategy / Will Banks Be Open On 27th May Children's Day?
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 36 |