₦airaland Forum

Honestly,
This thread isn’t the best place to be for those with the intention of learning about forex and how to trade.

I’ve read Just a few pages and i tell you, It’s enough to ruin a beginner trader’s journey.

Honestly, you guys shouldn’t be here.

I wish you all the best tho.

Honestly i dey feel for una.

If i had the time,
I’d have held a free forex class again.
But no time.

But you guys can try to download ebooks from

pdfdrive . com

And also, please checkout this number one largest forex community

babypips . com

They are both free.

You will learn alot there.
There are lot of beginner traders, and also well experienced traders who are ready to be supportive.
They also have a forex course for beginner you can study...please go through it.
Get familiar with the website.
You’ll be glad you did.

Atleast nobody there will tell you that a higher risk than your rewards doesn’t matter.
——————


And Please, don’t fall for those adding Pips Or Fx to their names.
Most of them i know are just amateur traders who are lucky enough to have one or two winning trades and the next thing they do is to add ‘FX’ or
‘Pips’ to their names thinking they are now forex gurus.

——————-
Please put in work,
Be willing to learn.
Be Open To New Things.
Read articles, books and all
Watch videos.
Try out every strategy you see (On A Demo Account)
Find out what works for you and what doesn’t.
Then stick to what works for you and discard the rest.
Be patient and diligent in learning.

In the long run.
It will pay off.
I promise you.

There is no short cut.
But trust me... you’ll be glad you put in the work
Every profitable trader started as a beginner.
You can become better than them too.
Just put in work.

GOD Bless You All.

As for me..
I don move.

ZedFX:
Risk to Reward alone tells nothing
Win Rate alone tells nothing
Pips Won alone tells nothing.

simple truth
Low RRR + High Win Rate = Good
High RRR + High Win Rate = Great (Very ideal combination)
Low RRR + High Win Rate = Good
Low RRR + Low Win Rate = This is where the tears start dripping.

Risk to reward alone tells nothing??
Win rate alone tells nothing??
Pips won tells nothing??

Wow.

It’s so funny how what sustains a trader,
What differentiates a professional trader from beginner traders are what you classified as nothing.

Lol

What do you classify as a low RRR?
Risking 5 to get 1??
Or 50pips to get 10pips??
Even with a high win rate.
It’s never going to end well.

ZedFX:
with very big respect to you and your blurred profits, risk management cannot be everything. will never be everything.
risk to reward cannot be everything. will not and never be everything.

just funny the authority you use to type those!!!

Bro,
I won’t say you’re wrong boss,
But It actually is.
Proper risk management is what determines how long a trader survives in this market.

Even with a 95% win rate strategy.
With bad risk management, just a few lost trades can blow up a trader’s account and keep them out of the game.

Experienced and professional traders don’t even have a 65% win rate strategy.
They lose trades too. Sometimes 3..4..or even 5 in a row.
Why do you think they’re still profitable or still have enough to trade for another day?

I don’t know if it’s greed or something, alot of people just keep looking for a 100% win rate strategy when truly there’s nothing like that, ignoring the fact that the key to being profitable and being able to survive in the street of FX isn’t a 100% strategy but good psychology, proper risk management and higher Reward to risk ratio .

Honestly that’s the secret.

As a trader, you live to trade another day.

But I’d still love to hear from you boss.
We’re all learning.
What is ‘everything’ in this market?

meshpips:
I hope you are satisfied now?

No I’m not.
Because I’m sure you risked over 3 times the value of your winners.

I’ll like to see how long you can cope with that.

Don’t worry.

I’ll check up on you in a few months time to see how well you’ve done with your 5 : -1 risk to reward strategy.

I’ll love to hear that you haven’t blown up your account.

Until then.
Best of luck Mr Meshpips The Forex Guru.
_____________________________________________

meshpips:
@beezyblaze and @winconse,

talk is cheap.

Post what you have done so far this week.

Maybe by then we will know who needs to learn from who.

See below for gold and cable trades. Do the pip count. If you need more trades taken this week let me know.

I will be waiting to see what you have done this week.

Lol...
I won’t argue to someone who thinks risk to reward means nothing in forex ...someone that thinks risking 50pips to get 10pips is professional..
that would be me being stupid.
No one dragging fx guru with you bro
Keep your 5: -1 risk to reward title to yourself ok??

By the way?

There’s no need typing your pips on the chart.

You can upload a screenshot of your history and current running trades lets see!
Like i did

I want to learn from you boss
edakun
Please teach me forex

Watyn pain me pass na say you even add pips to your username.

Lmao

Karleb:
Windows + print screen button to take screen shot next time.

Alright,
Thanks Boss

Current Running Trades.

Yes Forex Is Difficult But Forex Isn’t Entirely Difficult,
It’s We The Retail Traders That Make It Difficult,

Through :

Greed
And
Ignorance!

Forex Will Not Make You Rich Overnight, You Can’t Turn 50USD To 5000USD Don’t Let Anyone Deceive You.

You Also Can’t Learn Forex For 2 Months And Expect To Be Profitable.

You Need To Study, Learn And Unlearn. Work, Backtest And Forward Test!! Everything!!
Before You Can Find What Strategy Best Suits Your Schedule And Personality!!

Please don’t rush the process wonderful traders.
It takes time, but trust me it’s worth it.

The market is large enough for everyone to have their own piece of cake.

More pips to every experienced trader in here and more knowledge to every beginner trader.
Amen.

We are all one.

The hustle is against poverty and nigeria’s worsening economy.

GOD Bless Us All.

Here Is the CADJPY Trade I’m Currently On.

orogo:
As a trader, you want to take risk when getting paid but take no risk when paying out. Trading without stop loss is simply a very bad practice to trading. You trade with stop loss and without take profits . Adding more trades as a trend progresses is also a very good practice. But you must limit your downside by a using stop loss, moving stops to breakeven and even gradually locking in on profits.

GOD Bless You!

I know a few people will come with unnecessary questions now to tackle me.

I didn’t start trading yesterday.

And this is the first time I’ll ever hear traders who claim to be profitable say ‘Risk To Reward Is Not Everything’

I’m seriously laughing here.
I’ve never heard such in my entire life of trading.

RISK TO REWARD IS EVERYTHING.

Even 1:1 risk to reward isn’t entirely advisable.

You dont need to have the best strategy.
There’s no holy grail strategy.

The only way you can beat the market is to cut your ‘losses fast and let your winners run’

Let one of your winning trades cover about 2 or 3 of your lost trade.

And the only way to achieve this is to have higher Reward than Risk for every trade.

I’ve seen a 30% - 40% win rate strategy still come out profitable in the long run.

And 70% win rate strategy accumulate losses

Trend following strategy has a 40% win rate, yet traders make alot of money from it.

Why?
Because one winning trade can give you 1:7 risk to reward.

The best way to let your winners run is to trail it.

Example is an image below.

Don’t let anyone deceive you in this market.
Please beginner traders, please don’t learn with the mindset that Risk To Reward doesn’t matter.
Please i beg you.
It’s a lie.

RISK TO REWARD IS EVERYTHING !!
RISK MANAGEMENT IS EVERYTHING !!
PROPER POSITION SIZING IS EVERYTHING !!

Never ever ever place trades where your stop loss is larger than your profit target!
NEVER!

orogo:
I wanted to talk about how a trader has to identify the key skills necessary for trading and work on them. But chipping in a little about stop loss, it is usually best to use them. If you do not use stop losses, then you are pretty sure nothing can go wrong technically and the market is not going to experience a stupid volatility.

The truth is when you trade with proper sentimental analysis and fresh momentum in your favour, you may be tempted to not use stop losses. That's why we can use very very tight stop loses. But then a system can never be 100% so you must have the skill to eliminate trades that are probably not going to work which could also be a very tight range compared to people using very big stop losses and hoping.

The only downside I see not using stop loss is that it becomes difficult to properly calculate your RRR as well as your position size if you are trading a fixed percentage of account. But then, you can do all that in your head and then make sure you do not fail to pull the trigger in the area you used because the losses can really get ugly. Imagine building a trade with a very tight stop area and thus allowing you to trade bigger lot size but in the end you compromise on that because you now want to hope.

All in all, I know people who don't use stop loss because they expect the price to first go massively against them compared to the proper reason of price exploding in their direction. There is always a price that says you were wrong and using stop loss is simply the best way to trade.

I get your point bro.
But alot of people use stoploss wrongly.
They just use it to fulfill all righteousness.
Some place extremely tight stop loss which gets triggered all the time.
I personally, i place my stoploss in an area where i know that if price gets to that point, it invalidates the market structure and my analysis.
And the truth is, They aren’t unnecessarily wide stoploss.
I just place then in a constructive area that price have to really work before hitting my stoploss.

Either below or above swing highs or lows.
Or
Stack level support or resistance.

Areas i know before price gets to, opposing pressure will come.

I’m not against those not using stoploss, there’s no sure way to trade. As long as it’s working for you.

But I personally will never trade without a stoploss.
Especially in times of uncertainty like this where any news affects price massively.

harizonal123:
Most traders don't do risk to reward they simply accept what the market gives with proper risk management.

Define risk management bro??
Lol...
What is risk management with a very poor R:R??
Lol.

No profitable trader... I repeat, No Profitable Trader Take Trades That Have Lesser Reward To Risk Ratio.!!

They rather ignore the trade and wait for a better setup or entry.

meshpips:
Risk to reward on its own tells little or nothing.

Until you check what his win rate is, you cannot make conclusions based on the risk to reward alone.

Lol..
I don’t care what is win rate is.
One lost trade will clear all his accumulated profits and even have a big negative effect on his balance.


You can’t be risking 5 to get 1.. no profitable trader ever does that!!

His risk management is disastrous!!!

And Bro...
Actually, Risk To Reward Tells EVERYTHING!

Rubbish

Mrbillionaire:
Triple top?

Lol..
Double Bottom Actually.

Markilin:
I trade on index and stocks forex too volatile

Lol...
Stock trading is actually more volatile than fx.
Except you’re referring to nse

kingmurainah:
Experts have said that Tron coin is likely gonna hit 5 dollars by next year
What does that mean?
If u buy 1000trons now, then, u will have 1.9million in your account
U all witnessed what happened with BTC&Eth ryt?
Hit me up for your Tron coins(TRX) at d best rate ever

What wallet do you use?
Binance??

Qoopman:
I earn bitcoin, eth, litecoin, tron and some others online..... Little slow tho

Can you buzz me let’s talk??

isaacpro1957:
Getting btc from ads company on telegram through automation and selling to buyers!
Interested people can drop their emails and i will send the complete tutorial....
Free of charge

u.marvy212@gmail.com

Emmy2009:
Yes. Most of them will

Where in Lagos are you located??

My ps3 is superslim..
Hen hacked.
Will this games work??

YungBlacMale:
Why compare a serial killer to a genocide organiser

Who is worse??

gaius01:
Lol thanks bro for the correction .

You’re welcome boss.
Na every day we dey learn

gaius01:
Arrrrrrrh

Does this car look like a merz Benz? I don't know cars that's much but it pretty look like a G wagon.

Well EndSars is very important right now.

Lol... G Wagon Is Mercedes Benz Bro.

Boss,
Will it work on superslim ps3?
Hen hacked??

AdemolaA2:
Waoh.. really heart broken here ..

Thanks a lot bro ...

Op dont mind him.
He’s saying nonsense.
HDMI version
Hdmi kor..bbni ni.


Op, truly It worked on your neighbors TV because their TV is probably LED and higher resolution (1080p) and yours is probably LCD (1080i) Your TV can’t carry the current image quality hence the reason you’re hearing sounds without images.
Because the console is set at 1080p resolution at default.

WHAT TO DO : CHANGE THE RESOLUTION.

HOW : make sure your console is
connected to that tv.
Turn off the playstation, then press the power button to turn it on, (DON’T LEAVE THE POWER BUTTON AFTER THE FIRST BEEP, KEEP HOLDING IT UNTIL YOU HEAR ANOTHER BEEP) Then leave it.

After some seconds, It will display on your TV, asking you to connect a controller , do that .
then scroll down and click ‘Change Resolution’.

Your PS4 will automatically restart.
Then ask you to choose your preferred resolution.

You’ll see the resolution that’s supported by your TV, either you choose the higher supported resolution 1080p , or better still set it at automatic.

That’s All.

ENJOY YOUR GAME BOSS!
NO NEED TO CHANGE TV!

But this your TV legit na.
1080p is meant to display.

adex1300:
u are free to go get the new one nobody dey hold u

I’m sorry about that boss,
How much is your last price sir?
I want to get two today

Or better still, what’s your address at ikotun, let me come around today

I want to get two pads.

New pad is 3800 boss...SIXAXIS.
If you agree 2k, i will come and get two today.
Asap.

nigmarelli:
Good evening. I don't sell consoles. If had any for sale here and price i would have stated that here and my peeps may not like me putting their lines here publicly that's why i asked you to chat me privately. I can't give an accurate price only they can. Cheers.

Boss,
I Heard hacked super slim ps3 doesn’t accept all games .. that the normal slim ps3 is better and plays all games.

Boss sheh na true

Valeloyo:
I am in Lagos. But I can get it to any location of your choice

I didn’t see pictures of slim or superslim..
How much are those respectively?

DjHypno:
Just 40K

Is this available senior man??
Give me your details please.