Piptocoin:


it is better to be honest to oneself than to continue living in deception. you might never know but this might just be the best call you have made in trading... However, if the flame for trading refuses to quench despite this decision then it is a call to take a break and re-strategise...every trader needs that. good luck.

Golden advice.

I did the same. That's why I left. Took a break.

I am back with a better understanding of the market.

Eagba:
boss Charles I know you have to pay commission, and it's different from swap fee. swap fee keep increasing daily on my open trade.
I question is; how do you manage the interest minded swap fee.

It depends on the assets you are trading.

A swap fee is charged for holding a position over a day.

It also depends on the broker and the type of trading account.

In the past, I was not interested in FA.

That's changed now.

I now factor it into my trades. FA now gives me a long-term view.

TA for my day-to-day trading.

I expect the USD to be weak this coming week.

I will be looking for opportunities to long x/usd pairs.

Focus GU, EU, AU, NU.

I am back.

VeeVeeMyLuv:
Esp those who have formed the habit of jumping into conclusion just because of the mere fact they saw a fat candle that confirmed their bias.

Have u guys seen a backhand uppercut slap?

That's exactly what I am talking about.
As these guys are jumping and landing into conclusion, the market go just sound them one correct backhand uppercut slap back to reset mode (or margin call mood).

The same candle that pumped for 1 or 2 hours can be wiped out in the other direction in less than 30 minutes.

charly20:
Closed out oil position.

EA, I'll ride till exhaustion but as stated; "i no dey add new positions till August"

For the interest of trade calls,EA is around a good area to buy from.

Well done, boss.

I celebrate grace.

Fxmansaix:
never try expecting a candle forming to support your bias, you get?, but always be chilled to interpret whatever the candle is communicating no matter how painful it might feel because thats where the real character is

Yes, boss.

I have got burnt by this so many times.

Lesson learned.

It is better to miss out on a trade than to lose one's capital.

Hello......

It's been a while here guys.

I am grateful to everyone that asked after me.

I needed to take a break from Forex.

I don't want to mention names so that I won't miss out on some people.

It's nice to be here once again.

Let's analyze the charts together.

VeeVeeMyLuv:
Chai FX is hard as in very difficult

U hv to check many things: news, technicals, direction, entry,

U can't afford to leave any one out. It is mentally draining and exhausting.

Very very.

Now I know why over 95% fails.

Consistently profitable traders are really disciplined and understand the game.

infofirst:


Yes.

Gracias.

@Infofirst, boss you can't satisfy everyone. And good people are sometimes abused for doing good...

Please, look at the positives and the impact you are making.

Even Christ our Lord with all he did, was asked to be killed and a thief released instead.

Human beings will forever be human beings.

Please, I hope I can take partials when I am on a trade.

Hey guys,

I am back. It's been a long break from here.

Let's rock and roll.

williamishere:



You are welcome boss.

Congratulations, boss.

This is the beginning of greater success.

infofirst:


Thank you. You are correct. I did not see that but I recheck and confirm and did the right thing. Thats one of the reasons we do not allow hiding of trades so as to ensure fairness to all.

Why do people act this way?

Na wa o

Thank you, boss, for ensuring fairness.

And giving us the privilege to be great.

God will always reward your good works.

Riverrun:



Boss, for me I don't think there was any day that I don't have active trade on. I am mostly a swing trader, but I noticed that ftmo counts the day you open a new trade as 1day. Even if that trade last for several days. I don't know if any other person notice that. If I have one trade active for the 10 available trading days, Is it not supposed to count as 10 trading days? Just asking for more clarification.

You are correct.

infofirst:


He will at the right time. But the outcome alone pass 20k giveaway.

Exactly. Some persons success depend on his own.

Dotinacircle:


Congratulations boss. Do giveaway naa if na 5 people to mention u they get 20k each He go dey okay. Make we self tap inside Ur grace

Comrade, we don't do that here.

To tap inside his grace, tell him to share his knowledge. Let him teach you how to fish.

amolak:
The contest conditions of trading has disciplined me very well as a trader.

I improve everyday on risk, trade, money, emotional and psychological mgt.

Congratulations, boss.

I am proud of you, boss. I go get there one day.

Famoosky:


I hope you can see that image. Please learn to keep your mouth shut when you're skeptical about something.

This is a public platform. You're responsible for your decision.

So, choose what appeals to you and ignore what doesn't communicate sense to you.

And to also provide how naughty your response is, I will attach screenshots that form the basis of the trading decisions here.

I'll not exchange words with you.

Just do the right thing. Simple.

Famoosky:
Sell now

GBPCAD

GBPCHF

GBPUSD

EURUSD

RRR : 50 PIPS FOR 50 PIPS

Buy now

USDCHF

USJPY

RRR : 50 PIPS FOR 50 PIPS

You people will come out of nowhere and start saying mystical things.

No analysis, reason for buying, SL, TP, Entry, etc.

Na wa o

VlamesIffect:
Everybody dey drop opinion dey claim pro trader....who come dey lose contest if everybody be pro for here now
Na wa o.

Some of us still dey learn so that we can earn in the nearest future.

charly20:



Aha... That one, I thought so. I checked through currency pairs and I couldn't find any results that made sense.

I for say

That's what I think.

Gabsonfx can help clarify.

charly20:



I'm only thinking how those lot sizes produced such little rewards or I'm missing something

USOIL

The lotsize calculation is different from that of currency pairs.

GabsonFX:
I'm getting very crazy with FX, I know......I want to reduce my craziness

118 trades in just 4 days, craze of highest order

Wow! This is crazy.

I have never seen anything like this before.

Crazy.

See lots

In other news, you have to pay the price before you can enjoy the reward.

Our mentality about the FX market is what has led many people to failure.

You have to understand the market and have a edge. A solid edge. Then you can turn whatever amount to thousands or millions over time.

But the knowledge is key.

Psychology, Risk Management, and Strategy.

It takes time. That's what we are not told.

Feshizzy:
Let me just make a very very darn revelation,

I once told someone i traded fx like 7 years ago
His reply was "na who don chop dey trade fx"
It didn't make sense until 2 years later that was 5 years ago,

Now let me break this down abit
If you don't have have a stable income or Atleast a decent or average living.
It would be difficult to really make it in fx.

I don't mean you must have a lavish lifestyle already,
I mean, a situation where you are no under pressure of money to eat, money for school, money for rent etc
If you have that issue it would be very hard to really make it in fx,

Looking at statistics on the backgrounds of those that really make it in fx the likes of people who are employed and are able to plan their life around their salaries.

I did a small research back then,
And i found out that a reasonable amount of people that make it in fx are mostly 1. retired people 2. Housewives 3. Gainfully Employed people

You hardly hear a rags to riches story in fx not that it is not happening but e hard.

In summary,
If you still be hand to mouth hustler, spend longer time in perfecting your demo trade,
Keep doing so till you are profitable and open a fresh demo account and trade it for one year,
It would help shape your psychology deeply.

No be say you demo trade for 2 weeks,
You see small money, next thing you wan open small 100 usd small make you use am try hand. Lol
You go fail.

Las las, forex na investment not gambling,
If you intend to stay long, you have to play your cards right.

Please, if you are a newbie, keep this revelation to heart.

It will help you to succeed in the long term.

Selah.

For those that will want to say they know one person that started with $1,

I no follow you argue. There are outliers in any field.

But when you take the overall stats, you go no wetin dey surp.

Samfelly

Who am I to say you shouldn't dream?

But you want to do things the right way and set realistic goals on the long term.

Remember, it's a marathon and not a sprint.

charly20:



I'm afraid February may just start off with that red impulse. You know, that long impulse that almost always comes after an "evening star" or whatever it's called (I don't really care )

Exactly. We will monitor it closely.

charly20:


The last jpy pair waiting on the list before it begins to rain red is GJ. That trade I left for my practicing demo.

Market structure has shifted both macro and micro.
I hope I'm right anyway.

Yes. I'll wait patiently to get in at the right price.

I am short on the long term. February may deceive with a buy. Let's see how it goes.

IMAliyu:
I don't know what happened to USD CAD, but I like it.

News

infofirst:


Did you close it immediately??

Yes. I want to make a loss on it. To take back to 10k. If that's okay.

I opened a trade with the wrong lot size. I wanted to use 0.1.

I am out. I'll try again next time.

Thank you boss @Infofirst.