₦airaland Forum

OliverPin: now see GU 40pips up already. When GU took my SL i was angry seriously but my rule says when emotion comes in dont trade again. i was suppose to buy GU again since i know brokers were only clearing Stops. Lesson i leart is that a major resistance would most times give a pull back even though news good except on some certain news like nfp. am done for today. happy trading

My Oga, make i join u rest abeg, instead of wasting my MEGABYTE, e better make i reserve am for another day.

OliverPin: Oga bempuzzy i no go anywhere i dey dey do my own o. GU on daily tf just face up like slowpoke wey deaf. with this fundamental coming up ehn since i know forex na always good news for gu on that fundamental o but price currently at supply lever if it breaks upward good for me if not fight another day. Good afternoon all

U Sabi the rule of the game, unlike some greedy ppl dat will like to always trade everyday weda them get clear signal or not.

If NU succeeds in breaking through 0.8314, we may see 0.8213 cos double top formed on 4hours tf and the said level is a neckline, my little knowledge cos i stand to be corrected, Oliverpin where are u?

Abeg mak una no forget MOMEY MANAGEMENT Principle here cos this market is trying to poorish the greedy ones before X-Mas. Just imagine ranging things since last week on some majors. Even me i am not exempted cos i SL don visit me alot this week. "FX IS SWEET".

[quote author=2s£xy]Just go on doing what you are doing. Some how, I have gotten motivation to start teaching domaining like I did before because I just realised from the thread that SOME people are devils programmed to hinder innocent needy people from progressing.

God bless us all![/quote]Oga, make i no see ur Leg for FTA againoooooooooo Lol

Gold is about to infact Gold is selling now.

Biko Nwanna Iheanyianyiebeneza, obu otua ka onwa iri na otu na adi na afia? Enwe be kwee ife obula were na ahia kamgbe izu uka gara aga.

OliverPin: I no see my name o

Guy u don old for this thread

See as man pikin just dey do by force night vigil, fx no go kill me.

Oga Raycolz, i dey fill uooooooooooooo.

[quote author=raycolz_84]make I do night vigil today [/quote]My Oga, please can u add me to either ur yahoo chat debigben4all or Gtalk benpuzzy444

Work without play makes Jack a dull boy, make una describe dis picture with one word, starting from my big friend Tom29, cos i can feel his presence here.

At-All, At-All na him bad pass. make i take dis one close shop today, +30pps will not be too bad.

Optimisticgondy: Thanks to Sir Charlso for bringing our people back to this thread with his powerful Price Action strategy, even we have some guests from Forex Trade Alert Threads viewing this thread presently...you wan join us chop Binar money abi?..no problem o. Thanks so much Charlso for not disappointing us like some selfish members do..I pray God will continue to bless you being a cheerful giver.

@All. You remember when I said then that one must invest in Forex education, especially Price Action Courses, to succeed in this biz? Sir Charlso did and now, he's not even half way to the end of C. Capre and Brooks' videos and now trading like a Forex/Binary wizard. MY PEOPLE, DON'T BELIEVE YOU CAN GET ALL YOU NEED TO SUCCEED IN THIS BIZ ONLINE FREE OF CHARGE..INVEST BEFORE YOU LOSE THE MONEY YOU MIGHT HAVE USED IN GETTING COURSES ON TRADING USING FREE SYSTEMS/STRATEGIES!!!

@Maybach. Sir Charles is probably on duty at work and by this, I'll answer for him. The site is www dot brookspriceaction dot com and that of Chris is www dot 2ndskiesforex dot com

Enjoy ur thing, na God give u.

OliverPin: ^^^ If i tell you i hate FTA this is the only reason i would have. you bought silently you didnt post alert now tp hit here you are. would you have still posted if sl was hit? not beefing anybody o but share ideas before move so we all can adjust. I have said this many times and this is the last time i will so no one will say i talk too much with all respect....

It is well.

Those of us that are of the habit of displaying their profit at the end of the trade without initial alert should please desist from it cos u are indirectly making the purpose for this thread to be defeated, If Tom29 talk now, una go say e get bad mouth, no offense meant please, thanks. "FX IS SWEET".

Heheheheheeeeeeeee, today go sweetoooooooooooooo. Second Tp taken and one SL hit. "FX IS SWEET".

EJ just broke 134.83 which had been difficult to break. Remember that this joint was a neckline, lets see how many pips we can get from this journey. "FX IS SWEET".

get asked these types of questions a lot, so I decided to dig into some of the publicly available records from the brokers themselves, at least in the U.S. where brokers are required to report on their client’s profitability.

Here are the results from the last quarter, Q3 of 2013 from the brokers themselves:
Forex Profitability by broker

Forex Profitability by broker, Q3 2013

So, out of 96,390 U.S. retail traders (“retail” traders are independent traders, like you and me, as opposed to commercial or institutional investors) 34.2% were profitable and 65.8% were not. This is actually better than I thought it would be, as I’ve heard a lot of people (myself included in the past) toss around numbers like 95% of new traders are not profitable. Of course the statistics above don’t differentiate between new and experienced traders; i.e. the failure rate for new traders could be much higher.

The question for most traders then becomes: what do those profitable 34.2% traders do that others don’t?


What makes a consistently profitable trader?

When new visitors to PipHut sign up to receive our free daily forex signal, I ask them to complete a voluntary “prospect survey” that asks them a few questions about their experience, profitability, and a few other basic questions. Just to be clear, those filling out these prospect surveys are new visitors to PipHut, not old members, though I plan on doing a survey to current members to gauge their level of profitability as I expect it to be much, much higher than the averages.

Below is the statistic that really jumped out at me:
What makes a profitable trader?

Survey: What makes a profitable trader?

Out of those traders who reported being profitable a whopping 87% also reported using some sort of trading system. Out of those who were not profitable the results were split, with about 57% reporting using a trading system. For the purposes of this survey the term “trading system” was undefined and left up to the survey taker to decide if they were using a system; in other words, it could be something as simple as using technical indicator or something much more robust.

Personally, I think the number of those who are unprofitable WITHOUT a trading system is actually much higher, as the criteria for what I consider a trading system is most likely a lot more stringent in regards to consistency, repeatability, clearly defined entry/exit strategy, drawdown parameters, etc., than what, say, someone just getting started with trading might consider to be a “trading system”.

Not scientific by any stretch, but I thought it was pretty interesting. I was also very surprised by the sheer number of people who reported having no trading system at all.

What do you think? Are you surprised by the broker’s profitability numbers (either too high or too low) or by the trader survey results?

Pipsland78: I'm happy for u bro

Nah God. Be wise like the dove and sharp like the serpent, if u want to be successful in the biz.

Ifonyinye: I dey o. How family? You said you were going to call me.

Dont mind me, too much things on my Head, i will visit Owerri by the weekemd and will lodge at Bestway Hotels, if u will be around by weekend, just check me there. Though will still give u a call

Pipsland78: I believe I once told someone (Jamace I think) not to sell the EJ just yet. It's obvious where the pair is headed.

I sold at 135.14 and exited with 31pips at 134.83, scalping things nah cos we know that EJ is heading to Maiduguri to pay homage to the US Soldiers that just arrived there. "FX IS SWEET"

UJ want to fall my hands, but my God pass am wella.

[quote author=elewedu][/quote]Abeg dont mind me

greenalwaz: My Oga wetin u com do for here?i ws goin thru sum of ur old@FTA nd i ws enrich,still expecting my own gift of ur system ooo,thks

Lol may be i didnt receive ur email address

For those of us that short Gold today, i say a very big congratulation. "FX IS SWEAT" All it needs is your time.

benpuzzy: Abeg make una see as Gold take bribe me today may be because i don swear say nothing go make me trade Gold again, if it continues this way, i may reverse my decision, God helping us. Recking the pips gradually gradually.

IFONYINYE, how far nah, longest time.

Why are u complaining, no be u wan make money by all means?

Manweysabi: O boy, that video's about 900MB.

27hrs video..

Abeg make una see as Gold take bribe me today may be because i don swear say nothing go make me trade Gold again, if it continues this way, i may reverse my decision, God helping us. Recking the pips gradually gradually.

E be like say this GU short go sweetooooooooo

For those planning to sell GU, lets watch out and see what it has for us cos i can see some turn-around signal. Will post chart later, my EJ short is doing well, to God be the glory.

sojmann: Pls what is your yahoo chat id?

debigben4all

Oga Silver boy, nobody dey see u for yahoo chat again, hope all is well?

Please somebody should join me in this journey cos i am anticipating atleast 150pips.
See chart for explanations on reason behind this step. "FX IS SWEET"