₦airaland Forum

Please, who understands how micro account works? I need info on it.

The dollar is still strong. The sell continues across my pairs.

Tony142:
Do they charge commission?

Yes.

XAUTrader4L:
Gold took me out, i was waiting for the reversal all this while but eventually missed it because of over calculation. The journey to below 1676 has started, i will wait for a pullback on the daily to enter. Congrats to those who saw the reversal @copyjoe @elliotwaveforec

It happens boss.

Gold is sweet to trade if one has patience and is not greedy.

I'm glad I didn't remove it from my trading pair. Thank you @GabsonFX

charly20:
On average? I can't really say.
I have only 5 pairs marked out for study with a leverage of 1:25 on a 200usd so I can only take as much as the margin permits.

Bearing in mind my RM, I'm taking only 3 trades now. EURUSD, USDCAD and gold.

When I have more margin, I can add more trades but not more pairs.

Per week or month, I don't put that much pressure on myself yet. For now, it's about not blowing up the demo capital with careless trading.


It's too much talk for a simple question

Alright.

@Charly20

On average, how many trades do you take in a week or month?

Tony142:
Which account type?

Raw spread

GU, GJ, EU and AU will continue to sell.

I expect Gold to continue to sell. There will be pullbacks on LTF.

Forexislife:


Don't trade gold if you have too much patience. No time for second thought.

It's a clean sell. If you had taken your trades based on HTF, minimum H4, you would have sold.

Dollar is strong across board.

CopyJoe:
Potential sell on EU. There's a break of Structure on H1. Look for a good entry signal and short.

CopyJoe:
Potential reversals on GU, GJ, and Gold.

Watch the reaction on the daily candle.

I would have been in good pips by now.

I'll be back next week.

Forexislife:
Yes that is 0.03. I will closed if I go 50 pips down which makes about 15 USD. 4% of the account size. I'm watching closely.

I used a large SL cos of spike.

Okay boss.

charly20:
So I understand by the bolded that you want to "get rich quick?"

Well, I on the other hand am a huge fan of compounding.

That's not the meaning of cash flow.

Cash flow means. I trade, make profit and withdraw my profit.

I am not interested in turning $100 to $5000 before I start withdrawing.

Forexislife:


I started with 830 USD in February. Grew it to 1500 USD (using gigantic lot sizes) by May. Lost it down to 120 USD by June ( I nearly ran mad)

Now, I am at 387 USD ( Maintain small lot size)

Standard account Alpari.

I believe you'll recover your losses if you make it slow and steady.

Thanks for the info.

When I finally go live, I'll withdraw my profit as often as I can.

My goal is cash flow. I am not a fan of compounding until I have made enough and used it to acquire assets.

As per your current trade, is that not 100 pips plus I am seeing for 0.03 lot size?

Forexislife:
OK. Just bought gold. I'll be watching closely, not my ideal session but a see a support and trend line right at 1810 region. I'll be watching closely.

Boss, I would like to know how much your trading capital is and the type of account you trade.

Gracias.

IMAliyu:
What broker do you use, with super low spreads like that?

IC Markets

After many deliberations, I am sticking with these pairs.

I may remove but not add. Less is more for me.

Potential sell on EU. There's a break of Structure on H1. Look for a good entry signal and short.

Overall structure on GJ and GU is bearish. Weekly and Daily.

If you are trading on HTF, wait for the sell structure to form properly.

GU, GJ, and Gold.

Allow it to take out the low of the two previous daily candles.

But if you are an aggressive trader, you can jump right in.

Potential reversals on GU, GJ, and Gold.

Watch the reaction on the daily candle.

GabsonFX:
Here you go.

Forex in its purest form.

For someone that wants to know my trading strategy.

Everything is in that picture.

I don't use any indicator.

Just pure Structure.

I am now in love with Gold.

I'll trade Gold with H1 & H4.

I'll allow it to run on D1 sometimes.

If I get my entry right, I'll trade it into D1.

The goal is D1 but entry will be on H4 & H1.

If the trend is not clear, I'll trade H1 & H4 and take profit.

Don't chase price.

When you see a long candle, that's not the time to enter a trade.

Accept the fact that you missed out on that trade.

If you enter at that moment, there is a chance that

1) You'll get stopped out.

2) You will need a wide SL. If it goes against you, you'll be under pressure.

GabsonFX:
Is that what NFP is? ko ti e le.

I opened my lappy now to see, it is truly something I don't care about even if it is the alpha & omega of many traders out there.

I don't care who NFP is....

Yes boss.

That's why I don't use BE.

You probably would have been stopped out on GJ.

Added new pairs.

One more week. I miss trading.

I hate ranging markets.

I avoid it unless I want to scalp for quick pips of about 100 pips.

It messes up my strategy.

infofirst:
At the end of the August Contest, the top 3 are
@depressed 1st Position $50. + extra $10
@Jerry 2nd position $30 + extra $5
@emekuscana1 $20 + extra $5


4th to 6th are and will get
@obiskidguru $ 15
@osinamaka $15
@divinepips $15


Rates will be @#500/$
@copyjose and charly20 will get complimentary #5k each for their consistency participating in almost all the contest and for demonstrating commitment to get better .

Thanks all for participating and I hope when I am back, we will have all improve even better. I will take my time later to go tru some of the data from all the contest and strike a deal with some outstanding participants.
fx is sweet and real. But to be able to benefit from the goodness, you must be willing and ready to learn and be highly patient and discipline.
If there is any thing I observed, it is that most of us do not take our time to understand principles of a subject before going into it, we are too lazy to read instructions as well. And we are far from been patient to be able to reap from this market. And when we get undesirable outcomes, we fail to accept responsibility. We either blame the market or news for our miseries. Meanwhile Mr Market do not care. I wish us all success. lets continue to stick around to learn from each other. I am FTA for life.


Those that I offered recharge card then did not reach out in good time and that is why I ignore all of them as it was late when they reach out. I hope we all claim our above prizes on or before Sunday. Anything after Sunday Night is nil.

Good day every one, its 6:40 am here in Atlanta and everything is cool and calm. Have a bless day Ahead.

Thank you, boss.

Received with thanks.

I repeat,

News completes structure (faster).

Congratulations to everyone that will be declared winners as the competition comes to an end today.

Thank you, boss @Infofirst.

For making this a reality. It's not easy to set up competition like this. It's been months now.

The consistency, fairness, surprises with side gifts, and what have you.

May the good Lord forever bless and favour you. You'll always find people to help you whenever you need help.

To everyone that participated from day one,

You are all winners. And I have learned a lot from every one of you.

I have always studied the data from each month's competition and it did help me to get better.

Once again, congratulations to everyone.

May the pips forever be in our favour.

Gracias.

Simple is profitable in Forex Trading.

Make it simple. Rinse and repeat.

Have a pipful week.

Price action is king. I am glad right from day one, I pursued it.

With zero interest in indicators.

Thank you @GabsonFX and @Infofirst.

You guys rock.

God used the two of you to bless me in this journey.

Depressed111:
Change your mindset from "how fast I'll blow the 200usd account" to "The lessons I will learn from blowing a 200$ account, that will make me a better trader in the future"

@Charly20

This is exactly what you should do.

Take trades, make mistakes, blow the account.

The lessons will greatly improve your trading knowledge.

I can see fear in your trades. I have observed that you dwell more on analysis and less on taking actually trades.

I have learned more from my losses than from winnings.

One love bro.

I want you to succeed. And, together, we will succeed in this business.

Selah.