Dont KUKU, remember, it is ur hard earned money.....U can go away from the pair if u are not too sure.... opportunities are endless in the forex market

My PIP for you.

TheShootist:
*bows

Scared of buying GCAD, but wanna. Maybe i should just mistakenly click it. It's kuku 0.01 micro lot size.

Big Mama,
Thanks. Will give it a try and revert

Lolz

naijababe:


Possibly the simplest instrument to trade. I trade it on the 1H, plot my S/R on the 4H and use a 20SMA as a filter, chikena. Oh, also make sure your candle stick knowledge is up to date

Thank Mama of the house.
Just did that. Here I have on XM MT4 US30cash.

Position is currently 17670.5

Pls advise, what strategy do use for trading DJIA?

I am humbled.

Thumb Up

naijababe:


Look for US30, that is the symbol on FXCM's MT4. I dunno what other brokers use.

Naijababe,
Pls how can I locate DJIA on my chart? I need the name on the market view of the chart...Thanks

naijababe:
^ That signature is profound.

@ Thread, sometimes I ask myself why I trade other things apart from DJIA, position now +110 pips, sl moved to BE + 30

Mama, Yes, XM is a 5 digit broker I know

naijababe:


Which really mean a spread of 4.4, your broker is also a 5 digit broker.

The 1st thing to know b4 setting an order is ur spread. Even as I punch these keys, GJ spread stood at 44

naijababe:


Do you know what spread is? Besides, it is not 30 pips but 3 pips. Your broker is a 5 digit broker.

Sir,
U are very right. Even a 3 hour glance on the chart would bring something...Although not always especially during LOW VOLATILITY...

pocoapoco88:
if u can stay glued 2 ur chart 4 atleast 5hrs a day,holla me 4 a neva-loss forex strategy,u dnt nid 2 predict anytin,u dnt nid 2 analyse anytin bt u'll always make profit .....hahahaha remember 5hrs atleast

I recommend XM.

I use XM, they are very good

Send me ur full names and email address to send u more details.

richards1:
Helo traders can someone pls recomend a good forex broker for me

129.835 on the watch on EJ

looking at LONG on retracement

96 PIP coasted home on GPBJPY....TP hit..

Thanks to u all for all lessons and warnings ..I am here cos U cleared the road.. All Nairalnaders

Long on UC

Price: 0.96529

SL: 0.96244

Counting PIPS now

watching

You are not wrong bro... I am also watching the pair..It is still below PP and still diving...

fxbomovi:
Good morning Bro, I may be wrong But I think au is going down

@ Endfx1,
The market finally brother the Support though with a tight dive yet I missed the ride, slept off the coast, woke up only to see the sharks cant even swim along.. No p...

endfx1:
NU

Sell @ 0.7539

SL @ 0.7639

TP @ 0.7250

Apply due diligence

Thank you.
Emotion, the killer... promise to check it sha..

Let roll

seyejohn94:
Welcome to a new trading week... Don't let ur emotions trade for u... Plan your trade ur plan... Neva try to take revenge on d mkt....

@ Boss Endfx1.
Thanks for the alert. I am also watching that level as the level above the sell order prones a huge support..But it the market can break the level, then we should coast home without fear.

I am always blessed from ur posts.. Pls keep ds good work up.

Bless u Green

endfx1:
NU

Sell @ 0.7539

SL @ 0.7639

TP @ 0.7250

Apply due diligence

@ badruf,
Thanks boss, I am humbled

Will try it and revert

God bless you green pips

badruf:
@adeniyia33:
you can use this

I sent u a mail from my yahoo account boss. Also, here is the email address: <dnysamuel@yahoo.com>

Thank you once more

iheanyiebeneze:
send your email to me <nostupor@yahoo.com>

@ Boss,
Pls help me wt an indicator that can give me the spread on my MT4.
Looking forward to read from you.

Thanks

iheanyiebeneze:
You are highly welcome. People like you will go far in life.

Thank you boss!

I want to share this that, this thread (Forex Alert) has blessed me so much that I now trade without greed or fear..

I thank all of u in the house sharing ur experiences to make us newbees what we are in the market today..For those who would only follow ur advice and not see FX as a get rich quick path.

I am now printing my DOLLAR even in the corner of my bedroom..

God bless all of u and please keep up the good PIPs

iheanyiebeneze:
I THINK THIS WILL HELP SOMEONE.


Five Habits of Successful Traders

1. Know your rules and stick to them

We’re regularly told about the importance of having a trading plan … and sticking to that plan. Your plan doesn’t have to be restricted to technical indicators – you can add in time-based factors, and rule out trades when markets are too choppy, or too flat, when spreads are too wide, or when a major announcement is imminent.

But when it doesn’t fit exactly, don’t feel that you have to ‘make something up’ to fit this special situation that’s arisen – don’t be afraid to just sit out.
That’s the thing with ‘special’ one-off situations – they just don’t happen often enough for us to gather data to make any kind of reasoned case for or against action.

If the set-up isn’t perfect, don’t risk your cash.

2. Know the strengths and weaknesses of your system

Every trading strategy has things that it’s good at spotting, and flaws where it comes up short.

We can spend our time forever adding new indicators to try to plug these gaps, but no indicator is perfect, and we’ll end up with a bank of criteria that will never let us into the market!

Instead, if we know where our system’s weak spot it (perhaps it’s when we have a strong, extended trend … or when prices are range bound …), then we can either add criteria to try to protect us from these bad trades, or we can introduce risk-reduction measures to limit our exposure.

Again, don’t be afraid to sit out.

3. Hone in on the best trading times

With all trading – but especially with automated trading – the temptation is to get as many trades as we can.
Surely the more we trade, the richer we’ll become?
So, if trading involves nothing more than flicking my computer on … I could be raking it in 24/7 … right?
Wrong.
Focusing on the most profitable trading times can be one of the quickest and easiest ways to filter out duff trades, and hone in on the best ones.

4. Give your trades time to mature … but don’t leave them hanging on …

Time is a crucial component in trading that is too often ignored.

5. Keep monitoring, keep improving …

Just because we’ve got our rules and our system sorted, doesn’t mean that we can just sit back for the next 10 years and watch the profits roll in.

Markets change … what worked a treat in the bull market you developed it during, might start coming apart at the scenes when the market tops out … or what pulled in great profits in a volatile market, might struggle in quieter times …

As traders, we must always try to stay ahead, because the markets will take any chance they can to get the better of you!

I’m hoping that you’ll have noticed a theme running through these habits … it’s that we shouldn’t be afraid to sit out of trades. The fundamental habit that sets successful traders apart is not that they have winners (any mug can do that) … it’s that they seriously limit their losers.

Thanks ,
more pipsss .

THANK YOU NAIRALANDERS

Hello Gurus,
Thank you all for your pieces of advise directed at resolving my Credit Card deposit issue. The issue had been resolved.

Keep the good work going.. God bless you all

Then learn and demo trade Price Action for a clean and neat chart///U will love

dukum:


i am one of those that are surprised, i use my mobile every now and then based on nepa wahala, problem is i later find out i placed a trade at a support or resistance level that i normally would't do with a p.c. hosnestly i envy most of you experienced traders,oga natruetalk na one,una chart too dey clean,my chart na line and indicator full am.

Boss, Thanks. I am now in the banking hall only to find out that the bank did not link my Current account to the Master card...

I appreciate ur support sire

dukum:


Check your name as it appears on your card and on your xm account,you know say those first name middle name and last name dey confuse person somtimes, i had the same problem with xm nai i bone d deposit.keep trying tho.

Boss, Thanks. I am now in the banking hall only to find out that the bank did not link my Current account to the Master card...

I appreciate ur support sire

infofirst:

Xm does not charge when depositing with Mastercard.... Try and activate your card for Internet banking and you should be fine thereafter

Boss, Thanks. I am now in the banking hall only to find out that the bank did not link my Current account to the Master card...

I appreciate ur support sire

dukum:


Check your name as it appears on your card and on your xm account,you know say those first name middle name and last name dey confuse person somtimes, i had the same problem with xm nai i bone d deposit.keep trying tho.

Hello House, Please help me out oo. I av been trying depositing into my XM account using GT Master Card but it failed each time I tried it. I contacted the live support at XM.com with the development yet he said I should check my card and there is nothing wrong with my card..

I need your experience in action here. I know most of you in the house might have been using ur Master card the FX transactions..

Kindly bread me on what to do

Please check your mail. I forwarded 2 pdf dox for your downlaod.. Best of luck

toxco:

I would appreciate that, email: toxcoemma@gmail.com. Thanks.

All u need is the ability to FOLLOW THE PRICE ANYWHERE THE PRICE GOES (learn price action) as for the timing I will recommend London session and if u dont mind, upload ur email address and I will send u a dox on fx timing and sessions

Consider PRICE AS THE MASTER, FOLLOW IT ANYWHERE, THEN, U WILL BE AT PROFIT

It is well

toxco:

Thank you very much, have done that and I think am OK about the demo trading, what I need is how to know which pair of currency am I going to trade and time to trade them, I don't know sites to get the real information about the market, because I know people do visit sites to get information.

Hello Boss, with respects to guru on Naira Land, FX is a market that requires training and stable mindset. All u need is dont rush into a real account (practicing with real money). Open a DEMO account with any of the brokers around with a reasonable amount of virtual money e.g. btw $500 - $1000. All experiences u can gather from the demo could then be transferred to the REAL ACCOUNT. DO NOT OPEN A REAL ACCOUNT UNTIL U ARE ABLE TO TRADE PROFITABLY ON UR DEMO ACCOUNT.

Also remember that, FX is not a get rich quick (ref. to 12ema fx Aler 14). So if u need quick money dont come to forex...

I will recommend www.babypips,.com for your training

Best of lucks

toxco:
Hi nairaland, pls I need help on how to check the forex market, I have just started trading and I am really losing, so I will really appreciate if you can give me full detail
about the market. Thanks.

Boss,
It really help me.. Thanks for sharing the truth. God bless u PIPly

iheanyiebeneze:
Forex market trade LEVELS (RESISTANCE and SUPPORT), entering at these levels will make you PRAGMATIC and PROFITABLE trader, because you are sure that when the market goes against you, it will SURE come back to the level you entered it, this allows you to either exit at breakeven or at least small profit.
Sometimes SUPPORT turns RESISTANCE or RESISTANCE turns SUPPORT , before the trend continues.Thats why its good to enter at these levels.



Hope this will help someone.

Thank you boss. Will act accordingly

Kashif:


If you need education on the bolded, PLEASE DO NOT OPEN A $1,500 account. You will surely lose it. $$$$ is expensive now biko!! Do demo more, and if you cannot control the impulse to go live, trade a micro account with $100 max.

Noted Sir.. I will. Advise taken Sir..

My appreciation of the gesture boss

fxstory:
will advice you to test the waters with little fund before you invest large amount.this way you will detect your weakness and strength as you trade.