₦airaland Forum

Johnn74:
Guys what is the best international app to trade Forex from Nigeria and recommended broker?
Was considering MT4 anyone know best Broker accepting Nigerians and minim deposit?

BrightFuture48:
You must have cash out on this gold sell. I missed it because my sell limit was not trigger at that 30m upper band of bb.

We move till other time setup

BTCproMax:
What do you see right now my people 🔥🔥📉📈

Fxwarrior:
The best favour your account begs for is not profits but allowing it to see another day by whatever means necessary.

Once it does, it will sort itself out with profits.
Approaching this business with a do or die attitude is retrogressive.

Emmizay12:
Please stop selling a false dream
No body can live off a $200 account

Knowledge and discipline is not enough...
You need capital,

ScarsAreStars:
Hello Family. I ve been loosing money to trading signals. However I know there are one or two great ones outthere and are free. Please anyone has good source to excellent consistent signals that can help one put meal on the table?

I will really appreciate your help and sharing

samfelly:
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Jashub:
It did not work . The digits on NIN/BVN exceed TIN digits

Jashub:
Please who is trading with Deriv. I want to ask how you opened the account with or without TIN(tax identification number)

Emmizay12:
No matter the level of expertise/Discipline in forex, you will always leave money on the table, make peace with that

BTCproMax:
We heard but we don't judge ✌️

BTCproMax:
Even though I'm not here to impress anyone, the goal of this thread will still remain the same.... To motivate you (the FX Beginner) that it can be done. You can make a living and live your dream life with the profits from trading forex 💯

No criticism will change my goal for this thread.✌️

I have no intention of creating another thread for now. So you get my point.

And I will not collect money to trade for you — in case if that was the assumption of those zombies attacking me without proof...

If I ever need money to trade, Fundednext is there to fund me with any amount I want.✅👌🏼

Ukalu381:
Can you transfer usdt from your exness to binance or bybit wallet?

BTCproMax:
When an Electrician is involved in forex trading..😳😳
The result...

EFGH:
As of today, Exness exchange rate is approximately 1620/1$

I don't know why their rate is still high despite the appreciation of the Naire against the USD.

LincolnOnyeabor:
17 Months boss!

Omo!!!! A whole year and half ooo

BTCproMax:
Bossmi how far.?

How did it go with your transactions?

Trippledots:
Nice, thanks bro. How about transferring from Binance to the exness as the op stated?

BTCproMax:
Nor be cho-cho-cho.. show workings ✌️

I have been earning since 2023 till date.

If you are not earning from your trades, that means there is something I know that you don't know.

I share my knowledge for free (No one here can boldly come out to proof me wrong).

I know people don't value free knowledge, but I know that ignorance kills like poison 🩸

So swallow your pride and come on telegram, let's discuss your strategies together.

Let's see what you are doing wrong.

My strategy is easier than you think.

24hrUplift:
Failing at something is always hard. Especially when it comes to Forex trading since the price of your mistake is real money.

But as with anything else in life, a failed trade is not the end of the world. Let’s explore how you can succeed again after Forex trading failures.

Process your emotions:

Mistakes aren’t the end of everything. Yet, it’s important to acknowledge that they happened. Let yourself feel disappointment instead of bottling your emotions up. This will help you let go and concentrate on your next step.

Move at your own pace:

Even if you see other traders performing better than you, you should focus on yourself and what you can do at this point. Comparing yourself to others will only stop you from growing.

Take your time:

Only the lucky few manage to achieve success without putting in any effort. For the overwhelming majority of people, it takes time. Acknowledge that you might not reach your goals as fast as you would’ve wanted.

Ask for help:

There’s nothing noble in suffering in silence when you can ask other people for help. The trading community is always ready to give good advice, so make use of this kindness and be kind in return.

Diversify your portfolio:

Diversification is a simple strategy, but extremely useful. Trade different instruments in order to protect your capital from potential losses.

Use Copytrade:

Copytrading is a great way to use the power of social trading to your advantage. Even if you don’t have much experience, following other traders can help you learn to better navigate the markets and earn money at the same time.

Discover all the benefits of
copying other's trade
on this link: https://t .ly/copy_trading

It’s hard to imagine that you can ever become a successful trader after making a mistake. But once you do, you will be able to look back on all these mishaps and thank your past self for giving you these opportunities to learn.

Trippledots:
Nice, thanks bro. How about transferring from Binance to the exness as the op stated?

24hrUplift:
Are you a beginner who wants to succeed in forex trading?


Read the following article:

5 RULES TO ALWAYS REMEMBER WHEN TRADING FOREX

Embarking on a trading journey can be both exhilarating and daunting. The promise of financial freedom and the allure of the markets draw many in, but it's essential to remember that trading isn't a get-rich-quick scheme.

Like any skill, it requires knowledge, discipline, and a set of guiding principles to navigate the complexities of the market.

Here are five crucial rules to keep in mind to help you stay on the path to trading success.

1. Trading is Not Gambling

Trading should be approached with a strategic mindset and thorough research.

Unlike gambling, which relies heavily on chance, trading involves analyzing market trends, studying economic indicators, and making informed decisions.

Successful traders rely on data, experience, and calculated risks rather than luck.

2. Always Use Lower Leverages

Leverage allows traders to control larger positions with a smaller amount of capital. While this can amplify profits, it also significantly increases the risk of substantial losses.

Using lower leverage means taking on less risk, which can help preserve capital and provide more stability in volatile markets. It's better to grow your account steadily than to risk losing it all quickly.

3. Don't Be Greedy

Greed can lead to overtrading and taking unnecessary risks in pursuit of higher profits. It’s important to set realistic profit targets and stick to them.

Consistently taking smaller, more manageable profits is often more sustainable than chasing big wins. Remember, the market will always provide new opportunities, so there's no need to rush.

4. Don't Panic

Emotional reactions to market fluctuations can lead to poor decision-making. Panic selling during a market downturn or impulsively buying during a surge can result in significant losses.

Maintaining a calm and rational approach, sticking to your trading plan, and understanding that market fluctuations are normal can help mitigate these risks.

5. Don't Fight with Loss Trades

Accepting losses as a part of trading is crucial. If a trade hits your stop loss, it's important to accept it and move on rather than trying to immediately recover the loss with another trade.

This can lead to revenge trading, where decisions are driven by emotions rather than logic, often resulting in further losses. Stick to your trading plan and avoid making rash decisions after a loss.

Losses are Part of the Game. Don't Be Afraid of Them.

Every trader experiences losses. They are an inevitable part of the trading process. The key is to learn from them and improve your strategy.

Viewing losses as learning opportunities rather than failures can help build resilience and improve long-term trading success. Accepting and managing losses effectively is a sign of a disciplined and experienced trader.

Conclusion:

Trading is a journey of continuous learning and adaptation. By adhering to these five rules, you can cultivate a disciplined approach, reduce risk, and increase your chances of long-term success in the forex market.

Remember, the market is a vast ocean of opportunities, but navigating it requires skill, patience, and a clear set of principles.

Stay committed to these rules, and you'll be better equipped to turn the tide in your favor, making each trading day a step closer to your financial goals.
___

Please like and share post to reached other user who may also need this.

Follow (me) if you want more post like this.

Thank you ❤️

BTCproMax:
Bro.. Exness withdrawal is working and free.
Check screenshots..

24hrUplift:
Welcome to another new post on how we can make more money from Forex trading.

Why this post today?

My intention for this post is actually to answer a question by a user after reading my other post on the following topic:

Secret: Steps To Double Your Money On Exness!
https://www.nairaland.com/8153500/secret-steps-double-money-exness

Now, the question we are answering on this post is:

Apart from Hedging, do you know any other system of Trading that can lead to more profit?

So, I will quickly go straight to the points, and return to my open trades...

Are we clear?
________________________________
Make I sip small water first. ❤️
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So.. Here are a few other trading systems and strategies that can potentially lead to more profit, if you do your homework well:

1. Trend Following:

- Description: This strategy involves identifying and following the direction of market trends. Traders enter long positions in uptrends and short positions in downtrends.

- Tools: Moving averages, trend lines, and technical indicators like the MACD and RSI.

- Example: Buying a stock when its 50-day moving average crosses above its 200-day moving average (a golden cross).

2. Swing Trading

- Description: Swing traders aim to capture short- to medium-term gains over a period of days to weeks. They exploit price swings within a trend.

- Tools: Candlestick patterns, Fibonacci retracements, and Bollinger Bands.

- Example: Buying a stock after it retraces to a support level and shows signs of resuming its upward trend.

3. Scalping

- Description: This strategy involves making numerous small trades throughout the day to profit from small price movements.

- Tools: Tight stop-loss orders, high-frequency trading software, and level 2 market data.

- Example: Buying a currency pair and selling it a few minutes later for a small profit.

4. Day Trading:

- Description: Day traders buy and sell financial instruments within the same trading day, aiming to profit from intraday price movements.

- Tools: Real-time market data, technical analysis, and fast execution platforms.

- Example: Buying a stock at the market open and selling it before the close based on intraday price patterns.

5. Position Trading:

- Description: Position traders hold positions for weeks to months, seeking to profit from long-term trends.

- Tools: Fundamental analysis, economic indicators, and long-term technical charts.

- Example: Buying a stock based on strong earnings reports and holding it for several months as it appreciates.

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Make I sip small water first. ❤️
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6. Algorithmic Trading

- Description: This involves using computer programs to trade based on predefined criteria and algorithms.

- Tools: Custom-built algorithms, quantitative analysis, and high-speed internet connections.

- Example: A program that buys stocks when they drop below their 10-day moving average and sells when they rise above it.

7. Arbitrage

- Description: Arbitrage traders exploit price differences between markets or instruments to make risk-free profits.

- Tools: Advanced trading platforms, access to multiple markets, and quick execution capabilities.

- Example: Buying a cryptocurrency on one exchange where it's cheaper and simultaneously selling it on another exchange where it's more expensive.

8. Carry Trade

- Description: This strategy involves borrowing money in a currency with a low-interest rate and investing it in a currency with a higher interest rate.

- Tools: Forex trading platforms, interest rate analysis, and economic data.

- Example: Borrowing Japanese yen at a low-interest rate and investing in Australian dollars with a higher interest rate.

9. Value Investing

- Description: Value investors look for undervalued stocks that are trading for less than their intrinsic value.

- Tools: Fundamental analysis, financial statements, and valuation metrics like P/E ratios.

- Example: Buying a stock that is trading below its book value or has a low P/E ratio compared to its peers.

10. Growth Investing

- Description: Growth investors focus on companies with strong potential for growth, often in revenue or earnings.

- Tools: Company earnings reports, industry trends, and future growth projections.

- Example: Investing in tech companies that are expected to experience rapid growth in the coming years.

Each of these trading systems and strategies has its own set of advantages and risks.

So... It's important to choose a strategy that fits your risk tolerance, trading style, and market knowledge.

Diversifying strategies can also help in managing risk and optimizing potential profits.

Thanks for your time. I will see you later 🥰
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Make I sip small water first. ❤️
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