₦airaland Forum

Hi friends!

I hope you're enjoying the yuletide?
Thanks for your calls. I appreciate them. Some have also given suggestions as to how best to empower followers of this thread. It is based on one of these suggestions that I have decided to do this:

I am going to train those of you who are interested in using this POWERFUL strategy via Skype. (I don't need to advertise how reliable or good it is!) and what's more? It's FREE. (You could call it my Christmas gift to you!)

All you need do is:
(1.) Add me up on Skype (daniel.doxacapitaltd) and tell me you want to attend free Forex strategy training.
(2.) I'll add you to My Strategy Training Group and then we'll fix a time and date and get started. I'm sure it would empower you to do so much more by yourself. Don't be selfish with this, (freely you have received, freely give!!!).

Inform folks and friends who have been frustrated by their lack of success in Forex trading, so they can take advantage of this knowledge too.

See you there
Cheers!

Welcome aboard!

Dollargreen:
Thanks. Will like to join this forum

hitz:
Can you publish your trades on myfxbook.com ?

That way we can get better insights into your trades analytically.

Thanks for your suggestion.
This thread is for people with little or nothing to trade who want to see (screenshots) pictures of trades placed showing how it can be done. I'm not sure myfxbook fits into this. However, I will set up one early into next year for would-be investors to follow and analyze risk/reward, DD, Sharpe ratio etc. Thanks!

Hello friends, our project account went up to 10,700 US Cents ($100.70). Remember, we're going to $1000. Still a long way to go!
Unfortunately, I've not been able to upload since screenshots since yesterday. It may be some viral issue, will get it fixed ASAP.

We'll continue with our project 2 January 2016 dv.

*Wishing you -

Merry Christmas and Happy New Year In Advance![/size][size=8pt]

For enquiries/suggestions, please contact me here: d.energeotrading@gmail.com or (call/sms only) +234-8067-26-2103, +234-9094-88-0544

Enjoy your Holidays!

WARNING!
Forex markets sometimes become unusually volatile and largely unpredictable during the dying days of the year as many hedge funds, banks etc...close their books for the year. Many lose in the last few days, profits they spent the entire year making. Be advised!

Hi,
You probably have heard of MonteCarlo Simulation? It's a great analytical tool for your trading system. You can assess the feasibility and profitability of different Risk/Reward ratio, Win/Loss ratio and Drawdown combinations, and also you can foretell if that trading system would be worth your hassle in the long-run. It plots a graph that shows predicts what your account statement would look like!

You can download a copy below and try it out!
NB: Don't type in validated cells!

Hi friends,
It's been almost impossible updating this thread since my last post. I wonder what's going on??

Good day friends
I've been trying to update this thread for over a day now but its not been possible. I hope you are enjoying the season? And for many professional traders and managers like myself, it's time to appraise the outgoing year; what worked and what didn't work so well? I hope you are taking time out to do likewise.

I have a little advice for you. There is a great book written by Mark Douglas for Forex traders. The title is "Trading In The Zone'. In the book, Mark teaches on how to master self to become a Master Trader. If you haven't read it, I have tried attaching attaching a pdf copy here since yesterday or so, without success. However, you can get a free copy online. Your outlook on your trading would be positively altered significantly.

Always remember to delete pending orders after trade-close; they can cause nasty surprises when triggered later.

Closed in profit@121.81

Good morning friends,

This is breakfast (buying@122.08/tp@121.86 and selllimit@122.42. buystop(hedge)@122.95

See screenshot

Thanks!

Tosadel:
Nice thread. Keep it up.

Closed CHFJPY

See screenshot

Closing GBPCHF BUY...that's $400 roughly using 1.00 or $200 using 0.5. Remember these are scalp-like trades!

See Screenshot

Thanks Austynoh. I plot S/R lines and trendlines to guage support, resistance levels and next, i check to see if price has crossed key MAs (13, 20, 50) and 200EMA. Also, CN_Fractal_AMA and finally Oscillators (MACD, etc) must confirm there's about to be a trending. I cross-check on higher time frames and launch if I get the OK signal. Note that I do all these on 15min, 1hr and 4hr time-frames too but execute on 15min.

As for edge, I mastered the use of hedge trading so, if my trade fails, i rely on a buy-limits or sell-limits to recover 'em. And hedge with stop orders (buy stops and sell stops) so whichever way price goes, i'm on hand to pick up the money. That's my edge really.

austynoh:
Nice thread danberg...What criteria do u look out for before setting up your trades and would like to know your edge trades set-ups?

Thanks in advance.

Good morning aspiring traders!

This my trade setup for GBPCHF for today

See screenshot:

I bought@1.4796

buylimit@1.47704 and my takeprofit is 1.48665.

I have a sellstop@1.4625

Happy New Week Friends!

I trust you're all enjoying Sunday's rest? Well, as professional traders, we all have interesting experiences to share. I have lots and lots...both from my personal experiences and also from the experiences of the hundreds of people I have trained and tutored over the years as well as that of other traders told me by them. Of course, names would be changed to protect the identities of the persons in the stories.

So, let's spice up our Sunday afternoon!

This Serie is titled:

***INCREDIBLE ACTS OF STUPIDITY*** Happy reading!

INTERNET-AXED!!!
2010, Accra-Ghana.
Emmanuel was rounding up his studies in the UK when he first learned about Forex. He immediately opened a demo account with a Forex broker and began demo trading. Goaded on by the well-trained brokerage marketer, Emmanuel soon opened a live account and deposited 300 Pounds Sterling a day after. A few webinars from the broker convinced him it was time to make money online. However, 2 days into his Forex adventure, Emmanuel had new information-his first with Forex-which is that it is possible to spend 300 pounds without a thing to show, or at least a 'thank you' note from the recipient.

Not one to be deterred, he decided that the problem was he started with too little money. So, armed with this conviction he returned to Ghana and got busy putting money together to replenish his account. Soon enough, he got $10,000 and funded his account and was soon ready to relaunch his bid to be the next George Soros. All seemed to go well at the beginning, as his account grew by $3,000 in 2 days! Never mind that he used heavy lots and didn't bother with stop losses, after all he was only scalping.

Emmanuel was forgot one thing though; he was back in Ghana, a country still struggling to have reliable internet infrastructure. Well, as fate would have it, days later, there was internet down-time. It started about 11:00am, well into Emmanuel's trading day. He had about 8 trades going when he got disconnected. Initially, he didn't know and thought it was a little odd that the market was quite still.

Soon, the realization hit him and he resorted to trying all modems of the networks he was subscribed to, all to no avail. He dashed out of his apartment, laptop in hand to the nearest cafe, only to find the place was locked. He began to sweat heavily and became jittery. He flagged down a taxi and was soon at another internet cafe where he was informed that there was a problem with internet service so they were not operating. And the next cafe, and then the next. Then he heard information that nearly made him go into a coma; there was internet blackout country-wide. A satellite that supplied internet to the country was offline due to technical problems...

Emmanuel dash out of the internet cafe holding his laptop and marching up down the road, shouting $10,000! $10,000!! $10,000!!! Tears streaming down his face. Unfortunately, it took an extra 2 days for the satellite's problems to be fixed and internet restored. It was announced on TV that many a business had lost revenue. Sadly, for Emmanuel the loss was his $10,000.

Happy New Week Friends!

I trust you're all enjoying Sunday's rest? Well, as professional traders, we all have interesting experiences to share. I have lots and lots...both from my personal experiences and also from the experiences of the hundreds of people I have trained and tutored over the years as well as that of other traders told me by themselves. Of course, names would be changed to protect the identities of the persons in the stories.

So, let's spice up our Sunday afternoon!

This Serie is titled:

***INCREDIBLE ACTS OF STUPIDITY*** Happy reading!

INTERNET-AXED!!!
2010, Accra-Ghana.
Emmanuel was rounding up his studies in the UK when he first learned about Forex. He immediately opened a demo account with a Forex broker and began demo trading. Goaded on by the well-trained brokerage marketer, Emmanuel soon opened a live account and deposited 300 Pounds Sterling a day after. A few webinars from the broker convinced him it was time to make money online. However, 2 days into his Forex adventure, Emmanuel had new information-his first with Forex-which is that it is possible to spend 300 pounds without a thing to show, or at least a 'thank you' note from the recipient.

Not one to be deterred, he decided that the problem was he started with too little money. So, armed with this conviction he returned to Ghana and got busy putting money together to replenish his account. Soon enough, he got $10,000 and funded his account and was soon ready to relaunch his bid to be the next George Soros. All seemed to go well at the beginning, as his account grew by $3,000 in 2 days! Never mind that he used heavy lots and didn't bother with stop losses, after all he was only scalping.

Emmanuel was forgot one thing though; he was back in Ghana, a country still struggling to have reliable internet infrastructure. Well, as fate would have it, days later, there was internet down-time. It started about 11:00am, well into Emmanuel's trading day. He had about 8 trades going when he got disconnected. Initially, he didn't know and thought it was a little odd that the market was quite still.

Soon, the realization hit him and he resorted to trying all modems of the networks he was subscribed to, all to no avail. He dashed out of his apartment, laptop in hand to the nearest cafe, only to find the place was locked. He began to sweat heavily and became jittery. He flagged down a taxi and was soon at another internet cafe where he was informed that there was a problem with internet service so they were not operating. And the next cafe, and then the next. Then he heard information that nearly made him go into a coma; there was internet blackout country-wide. A satellite that supplied internet to the country was offline due to technical problems...

Emmanuel dash out of the internet cafe holding his laptop and marching up down the road, shouting $10,000! $10,000!! $10,000!!! Tears streaming down his face. Unfortunately, it took an extra 2 days for the satellite's problems to be fixed and internet restored. It was announced on TV that many a business had lost revenue. Sadly, for Emmanuel the loss was his $10,000.

Thanks for your post Tosadel. I am simply out to show folks through this thread, that it's possible to make $1,000 from nothing, using no-deposit bonus from broker. However, not to turn down your special request, I promise to give it a thought. Cheers!

Tosadel:
Op Pls I have a special request. Can you create a whatsapp group and post signals for us to follow u. Thanks in advance

Hi guys, guess you are enjoying your weekend. I have an interesting and very educative article for you written by Chris Pottorff. Enjoy!

A Forex Trading Plan: Limit Your Greed and Make $53,000 Per Month After Two Years[size=8pt][/size]
December 14th, 2012 by Chris Pottorff | Category: Trading Psychology

Note: After reading this article, make sure to read this newly published article too: How to Become Multi Millionaire Trading Forex, with a Proper Trading and Risk Management Method
The title of this article resembles the seductive sentences you see a lot on scam and phishy or HYIP and Ponzi scheme websites. Please don’t get me wrong.

I am not trying to refer you to one of these programs. I want to talk about one of the most important reasons of forex traders’ failure and show you a good way to overcome it.
I don’t know how long you have been trading Forex, but you can be among those traders who have been trying to make a living or at least a

supplementary income through Forex trading, but have not been successful so far. There are a lot of people who have spent several years to learn forex. They have tried so many systems and strategies but they still lose. They still think that they have not found a good system and their problem is that they don’t have a good trading strategy, but they are wrong. They have had several good systems but they have not been able to make those systems work and make money for them. They know much more than what they should know to be a profitable trader, but they still

read and learn more and more and still they think that they have not learned enough.
GREED is the most important reason of their failure. They have not been able to become a profitable forex trader because they are greedy. Because they are not even aware of their greed. It controls them and pushes them to overtrade and take wrong positions, but they don’t know.

Greed is a normal emotion that everybody has. If you have not been greedy so far and if you think you are not greedy, just trade forex and see how greedy you are. This is normal. Everybody likes to work less and make more. Everybody likes to become a multi-millionaire or multi-billionaire within the shortest time but the problem is this strong desire can not only prevent you from getting rich, but it doesn’t even let you become a

profitable forex trader who is able to make a steady small income every month.
The problem is that sometimes we don’t know what greed is, what it does and how it works. If you overtrade; if you take positions when there is no strong and sharp signal; if you take the position while it is too late and you should wait for another trade setup; if you push yourself to trade

every day and when you don’t find a trade setup one day you feel angry, guilty and uncomfortable; if you try to double or triple your account within the shortest time; if you get furious when you see you have missed a good trade setup; if you take too much risk and trade more than 2-4% of your account; if you don’t close a wrong position as soon as you are realized that it was a mistake; if you follow several trading systems and

strategies because you want to have as many trade setups as possible every day; if you still look for e-books and articles every day and you read them and follow and try their directions and you are not happy with what you have learned; if you like to trade with small time frames to have more trade setups; if you set a big pip or monetary goal for yourself and you get upset when you can not achieve it… THEN you are not able to control your greed.

I don’t say you are greedy. I say you are not able to control your greed. Because everybody is greedy. The difference is some people are able to control their greed and some people are not.
Now let me share something with you today. Then I will tell you what to do to become able to control your greed and become a profitable forex trader. Please read the below paragraphs to see what made me talk about greed:

Last Friday the daily candlesticks had formed a very strong sell signal with several currency pairs including NZD-USDwhich had the best trade setup, but unfortunately market was opened on Sunday afternoon with a big gap, almost in all of the currency pairs that had already formed a trade setup. Usually when market opens with a gap, it is used to go against the gap direction and fill it because those traders who already had a

position from the last week, when they see they are in a big profit because of the gap, they get overwhelmed and close their positions to collect their profit and so price goes to the other direction right after the market open. But last night it didn’t fill the gap and kept on going down. In these cases, I just call it bad luck and then forget about it and wait for another trade setup. I never enter if I am late. If I can enter on time and

with the price that I should enter, I do it, otherwise I ignore the trade. This is a very important aspect of discipline that a trader should have. Our greed pushes us to enter even when it is too late. I know it is a pain to see a good and a strong trade setup runs away from you while you are not on board, but this is part of the game too. We can not catch all the movements.

Hello everyone,
Our Project $50 - $1,000 Account is growing steadily. It grew from 6,500 US Cents ($65) to 9,400 US Cents ($94) in the week (13-Dec - 18 Dec).

Happy Weekend!


(See screenshot)

Hello everyone,
Our Project $50 - $1,000 Account is growing steadily. It grew from 6,500 US Cents ($65) to 9,400 US Cents ($94) in the week (13-Dec - 18 Dec).

Happy Weekend


See screenshot

Thanks for your comment and offer RashyFX. This is actually the reason for this thread. I want us to come together and work together...the truth is, Forex trading in Nigeria has got a really bad, near evil reputation especially because those who claimed to be professional traders-cum-fund managers and were entrusted with people's hard-earned monies mal-traded them and are responsible for why many a would-be investor is languishing in penury even till now.

We've got to work together to re-image, and re-brand Forex because the potentials actually dwarf anything else you can think of. If only we get it right, believe me, we practically have hundreds of billions of naira in this country lying around in our financial system.

On your offer, my track records are with the bank I worked for and I don't think they would be willing to part with it. You know, since they are company property. They have rules for trading FX in the banking sector which includes the lot size, number of trades, draw-downs etc., for which 5% is actually a lot!

rashyfx:
I am still in the process of working together with those that have what it takes to trade FX professionally.
If you have at least 6 month track records with drawdown of less than 5% please let's talk , I have something good for you.
08100527200

ECN/STP Forex brokers

These are the ones that make money only when you place trades.
They do not own a dealing desk and so don't take positions against your trades and try to get you to lose.
They route you straight to the inter-bank market. This is called straight-through-processing or STP for short.
They do not doctor the Forex price quote feeds from their servers and
They offer the best pricing (Level II) depending on the number or quality of their liquidity providers.

Beware though, of Forex brokers claiming they do not have a dealing desk. While that may be true, you must realize that many have in their employ several expert traders who are trained to work against your trades and also use other unorthodox means all in a bid to fleece you of your hard-earned cash.

Market Makers

Most Forex brokers we use are really MARKET-MAKERS.

Who Are These Guys?

They are Forex brokers who create a local Forex market for their clients where they take the other side of the trades. They are counter-parties and use dealing desks. In other words, they make money when you lose and vice versa.

Why You Shouldn't Use Their Services
Forex brokers earn a decent return anytime you place trades. You would think this would be enough money for them but since many are out to swindle simple, unsuspecting folks, they go the extra mile of dubiously tampering with their clients' trades.

How Do They Do These?
Many use unwholesome methods such as "freezing" the trader's terminal, inflating spreads momentarily to cause trades to hit stop loss which is to their profit. Other diabolical acts include disabling the terminal, paying expert traders to trade against clients, disconnecting a trader's account briefly from their server to disallow him from banking profitable trades and using a 'Naeto' system among others.
Note that I have experienced all of the above. I lost a $12,000 account to what I've described above. Hopefully, you wouldn't want to experience it before you learn to stay away from them.

When To Say 'NO'
If a client gives you an account to manage for him that he opened with a market-maker. Ask him/her to open an account with a verified ECN/STP Forex broker. If he/she refuses, then it would be wise to turn down the offer. Otherwise, you will end up gnashing your teeth.

Now, let's talk about Forex brokers with the best services.

From my modest experience-and I've got quite a bunch of it-I know that many Forex brokers out there that we know are really nothing more than

bucket-shops or white labels at best. So, there's a limit to the good you can get from them. Sadly, most Forex brokers are not honest and genuine

in their dealings with a largely ignorant public and so, they fleece people of hard-earned money through seeming technically enigmatic procedures.

Forex brokers are basically ECN/STP or Market-Makers or a mix of both.

Thanks Fx4Pay. As for the derailers, I'm sure we can fix 'em.

Fx4Pay:
Good thread.
I think i will take a front seat here and hope this will not be derailed soon by some NL saddists that never see anything good in forex trading.

Thanks for your post Spled4u.

However, these guys at Grandcapital have very stringent conditions (see their T&C link below). For instance, they withdraw bonus after 7 calendar days, that's 5 trading days. Also, you don't benefit from your profits as they get wiped off your account if you can't deposit the same amount into your account among others.

Look up their T&C here:- https://grandcapital.net/account/bonus

spled4u:
register with this link and get free $500 to start trading Forex.

Get $50 free bonus to trade Binary or $500 free bonus to trade Forex.

This is a No deposit free bonus to start trading before you invest your personal money.

CLICK the link below to register NOW.
https://grandcapital.net/promo/500_bonus/?partner_id=420622

Current setup: I've adjusted takeprofit of initial buy to break-even@122.83 and 2nd buy takeprofit is 122.70.

I have replaced my sellstop with a buy@121.81 and a new buylimit@121.15 and sell stop@119.90.
(See screenshot). Price will retrace at either of the 2 buy orders. If it doesn't then we'll hedge at 119.90 and recover our positions next week. dv.

"Never, Never, Never, Never, Never Give Up!"

Please, DO NOT USE stoploss, use a sellstop instead, the CHFJPY market has a very strong bearish component! I would show you at what level to take off the hedge if it's triggered and then we'd make profit.

WARNING!

Please, close the above trade (just 4 pips loss@current price) if you are not familiar with hedge trading or if your broker doesn't allow it.

Cheers!