₦airaland Forum

Jenams:
Pls I need security info abt minna, like how safe, which area to get an apartment as a christain, where not to frequent and how to relate wit the people (do's n don't), cos av bn promoted in my office and transfered to minna branch from abuja. Pls help me NLanders

Obiagelli:
Rochas just renamed GMB Okechukwu Buhari!

naijababe:
Still on the sell from last night, I will exit if 17920 is exceeded, otherwise I will probably be carrying this forward into net week.

Splashme:
[size=13pt]Okorocha's and Amaechi's millions are working.

We shall see if truly he heard from the holy spirit[/size]

Splashme:
[size=13pt]Okorocha's and Amaechi's millions are working.

We shall see if truly he heard from the holy spirit[/size]

Splashme:
[size=13pt]Okorocha's and Amaechi's millions are working.

We shall see if truly he heard from the holy spirit[/size]

docus:
nice bro, lets ride it down

benpuzzy:
I will short GU at the opening of the Market

omejeo:
close for today

benpuzzy:
Oil has beaten me black and white today, nothing spoil as i am enjoying my Gold south journey. SL Adjusted to entry point... "FX IS SWEET".

benpuzzy:
flipped to buy and if it dribbles me again, i'll call it a day on Oil and enjoy my Gold short ride.

honeric01:
Eeya, the Lord's your strength.

honeric01:
You're in the north?

benpuzzy:
welcome onboard, lets join force and push it down, mean while, 54.50 is my eyeing zone to jump out.

honeric01:
Hehehe then go out na, cant you at least go out to spend part of all the monies you have made on yourself? na must you must open your platform? do something different so you don't die of boredom.

Edd1e:
well, now i gt u. it's obvious we trade in a very diff way, u knw diff strokes 4 diff folks.. bt, discipline al d way...

omejeo:
sold oil

honeric01:
Some of una wan dry this market, una no dey close for the year? lol

omejeo:
sold oil

Edd1e:
hmm funny! u don't knw me nd u dnt't hw i trade nd i'm nt here to argue wid u. m just saying no mata hw much u analyse, u shdn't risk dt much unless u'r scalpin nd even if u r, u shdn't write; trade $1/pip on a $1000 acnt outrightly, sum newbies might folow suit nd blow deir acnt. nd next time, dnt act lyk u knw all..

changes1:
morning house.

please has anyone ever collected the Xm master card ?? and have you used it here in Nigeria?

I'll really appreciate matured answers. thanks.

FOREXMARTS:
Some basic questions to ask yourself before u start trading everyday is this(that's if ur an intra day trader like me).

1. What is my daily risk allocation(DRA) for today? :
This refers to how many pips loss you are ready to take for that day. Like poker game you must bring something to the table daily and if you exhaust it you close trading for the day.

2. What % exposure do i want my account to have based on the DRA and what is the dollar value. If for example you want 10% exposure and ur DRA is 100 pips on a $1000 equity then the dollar value is $100.

3.What will be my average stoploss per trade? This is self explanatory.

4. Using a Pip to a dollar as a basis of calculation and based on my stoploss how many trades will my DRA allow me to hold at once? To get this divide ur DRA by ur stoploss. If ur average stoploss per trade is 25 pips per trade that means u can hold 4 different positions on different pairs at once and still trade within ur DRA or risk ceiling.
If ur average stoploss is 50 pips per trade that means you can only hold two trades.

5.Will my profits(pips) in the course of today's trading be acceded to today's DRA? Your prerogative. I personally suggest it not be. Sick to ur plan until the end of the trading day. (my trading say starts by 6am and ends by 4pm, urs may differ.

So in summary a good day is when you come out to trade and close the day greater ur DRA. It could be double, triple of ur initial DRA.

I hope this is comprehensive enough? My 2 cents. All these calculations shouldn't take 5 minutes.

Edd1e:
so if u av $1000 in ur act, u'll trade $1 per pip. oga, u shdn't mislead pple, if d trade moves 500 pips against u, den u'r 50% down.

omejeo:
the sell may hold though mkt is not clear

benpuzzy:
Who is selling Oil with me?

dukum:
.shouldn't that be 10cents cos u re using a dollar, 100pips=10%......i am still a newbie/just asking..thanks