₦airaland Forum

Galleryeasy:
A simple approach on how I trade currency pairs using Fundamental and technical analysis. And Company's earning report on indices (US30&NAS100).

The key to making money in forex is to Understand what drives currency pairs to move. No doubt is the investors who makes these currencies to move by buying and selling. In others words their trading decisions is based on fundamentals, they closely monitor economy of a country to know when the currency is weak or strong.

Take for instance, if the economy fundamentals in the united state is healthy and improving,Forex investors, hedge funds, pension funds and Banks will be buying USD, and reverse is the case when economy fundamentals is weak.

Now , how do I trade this market? Over 80% of the time my trading bias is always correct, where I have problem is entries using technicals cuz I'm a risk trader, always going for at least 1:4rr .This approach made me lose way more than I win cuz of tight SL. But the good news you will always be profitable if you have sound money management and trading Psy .

Economic indicators, not all economic indicators are important. The economic indicators to look out for are ; Interest rate, Economic strength ( GDP, Inflation, unemployment and employment figures, Capital and trade flows or trade balance)

Interest Rate rule and control forex market: Currencies representing economics with higher interest rate are always stronger than currencies representing weaker currencies.
Since the purpose of investing is to make profit, investors will always buy currencies with higher interest so that they will mk good returns on their investment.. let's digress. This week I have made good returns on EURUSD GBPAUD and GBPUSD. Why did I chose these pairs for the week?
1. GBPUSD, I waited for GDP news to drop on Wednesday, which showed weak data, ie weak economy for pounds and this alone will have significant impact on GBP cuz no investor will be willing to buy GBP. Looking at the quote currency which is USD, no doubt we have hawkish interest rate the last time FED sat and in the afternoon of Wednesday an inflation data(CPI) was dropped ,which showed strong data on Core CPI ( excluding energy prices) and also CPIy/y. These Economic data released proved that USD is strong across all board.

Now ,why would I be buying GU and EU?is pure sucidal, unless I'm a good scalper looking out for 20-50 pips .

For EU, ECB released interest rate on Thursday , which showed Dovish hike rate, for now EUR is Bearish for the main time, pairing it with strong USD, ie Dovish EUR and Hawkish USD = Bearish market.
NB, remember that these countries have trading partners like china, Japan etc..So inflation news on China or BOj intervention might affect the market.

will continue later... Happy weekend!

Abeg boss mi at your free time please continue from where you stopped..

Galleryeasy:
This tin is not something you can grab overnight, is more complicated than you think sir, but easy.

Start by getting a good book on Macro economics.

Study and understand
1.Interest rate,
2.GDP,
3.Labour market survey ( employment rate(NFP) and unemployment change )
4.PMI and ISM
5. Monetary policy
6. Inflation.

Weekends , I will be doing justice to it one by one for people that interested in FA, I will doing it for records, ma kids need to see that in future,not even cuz of FTA

As for the sites, forex factory is not a news site, just calendar site.

If u are trading indices, use Dow Jones newswire. For currency pairs use ..Moneycontrol,Reuters, Bloomberg,finance magnates and tradingeconomics. Just go through them and pick one or two.

Thanks boss ...I appreciate a lot

Galleryeasy:
Boss the problem is that I have Lost access to that email. Would you like to drop the questions here?

Okay boss ... What economic data do you always look out for then how do you interpret to suit the narrative of the strength of that particular asset and lastly apart from sites likes investing and forexfactory, do you make use of other sites?

Galleryeasy:
Analysis for the week.

USD- Fed paused rate which strengths DXY( Hawkish)
GBP - Pounds collapsed after BOE ( Dovish)

AUD - RBA pause Rate ( Hawkish)

JPY- Japan held rate , signaled no rush to tighten monetary policy, yen still weak.

CHF- After SNB meeting,swiss franc collapsed to 2-months low ( Dovish rate)

CNY - China industrial output doing well, a boost for USD. USD will be bullish throughout (Q4)

GBPUSD - will be shorting GU for now, any long position now will be minor pull back.


GBPAUD- will be shorting GA for the week. I had a good 1;4rr on Friday, will wait for pullback and short again for the week.

USDJPY- bias Long position will be activated after a good pullback.

USDCHF- long position will be activated after a good pullback.

My boss, there are things I would like to know about how you read/interpret this fundamentals.. please can I send a DM?

samfelly:
🤒😭 just when I wan start dey refresh the FTA page to see your giveaway, first, my data finished 😆😆

fuel finish for highway

Donsheddy:
10k Phase 1 completed 🕺🕺🕺

Congratulations bro.....

meshpips:
Me waste money like you have been doing without reviewing your actions? Are you trying to make me stupid by association?

The stats show a 95% fail rate regarding receiving payout from prop firms yet you keep doing the same thing over and over for more than one year.

If you fit, let's get on an actual trading contest. You can add feshizzy to your team maybe the two of una together go be worthy enough opponent for me.

Feshizzy wey nor fit pass prop firm by himself so tey e organize contest come say make the winner help him pass first. How shameless!

Infofirst, you still even try at least you manage post chart. You nor see say Feshizzy nor fit do same?

This man ..Actual trading contest? For your mind na you trade pass everybody for here ...join normal contest mk men observe your doings you say no ...if you're really good join one of this contest and come out top 3 do am like 2 times, you go see how men go dey believe you .but what do I even know

CPI will humble you

Forex traders and violence every weekend

-2.13% down so far

infofirst:
I'm considering modifying the competition rules. Moving forward, only committed and serious participants will be allowed. To be eligible, participants must have an account age of at least six months and a history of activity on the thread. A request to assess their qualifications will be necessary before extending an invitation.

While the competition results can be made public, the primary method of joining will be through invitation. The competition will run for three months. To qualify for a $10,000 challenge, participants must achieve a minimum of 10% profit, and their drawdown (DD) must not exceed 10%. Additionally, they must actively trade for a minimum of one month to be eligible for the prize.

We will utilize a Darwinex $10,000 demo account, which should be linkable to my FXBlue account. However, I still need to confirm whether the demo account will expire within that three-month period. It's important to note that Darwinex offers lower leverage, allowing only a maximum of 0.1 lot size and a maximum of two positions at a time. Participants must be willing to adhere to these rules if they win the challenge account; otherwise, they will face a permanent ban.

We need to stop playing. Our play don dey too much.

I swear this is a wake up call for myself..play don really much for my angle

bigbasho:
Right now on 1M chart chart on EU they are printing that same map I posted. Please take a look... It is common to create a prototype of any move at the base of the pattern before expanding it. That was was happened in last week's Monday/Tuesday range before blowing it up. And that blue print I made the screen shot August 24th. So the bullish move has not began. They will move it in after completing this smaller scale.

closed my buy and reversed based of the pattern. This sell is to suck on as much retail traders as possible before zooming off... Ama stack on my up

Time to backtest this pattern ....Thanks for sharing boss

EU buys

Enough violence to go round.
At the end thank God, man no be God because.....

Lanshile:
Mine also
We are the sacrificial lamb in the group

It is well bro...

Mystiquefia:
u be cheif na, u supposed Don get like 3 accounts by now😁

Na my only surviving account be that

infofirst:
Mff na the scape goat.. Oti lo. It's looking almost impossible for them to win the case. Yankee regulators are thieves too jare. They make tinz difficult in this financial shit tinz.

Others hopefully learns and reshape and advice to fellow retail traders, diversify your investment. Everything will not crash.
I have prop accounts with 5 firms. Time to do $10k each across 5 more.

Naso my account take go be that

Raymondfayowole:
They still allowed people purchased account as at yesterday and the news today is that they have a date in court. Something is definitely not adding up.

They should do something about it real quick ....Abeg oo

infofirst:
@tradingGod
@charly20
@realone12
@greatcheers

Congratulations.



Oya how soon do you think you will blow the accounts?

Congratulations to the winners .... y'all should shine and secure the bag

Geovanni412:
Neutral arbiter....the symbol of Justice is a blind woman

You people should table your evidence or submit it so that the general public can see. Not all of us were here in 2016 to know the facts at hand.

If he fails to respond to the evidence, then clearly, he is a scammer.

But note that

Merely Collecting money to trade and losing the money is not fraud

It is a case of lack of skill , pride and mistakes

Businesses fail all the time.

If he misrepresented to you that he has 100 percent winning ratio and you relied on it, that is when you can accuse him of fraud.

So, which is it?

Person wey talk say him get 100% win rate strategy called VAP....Dey play

dottozil:
Boss I have huge respect for you as a person and what you have achieved in the game, but it seems you are missing the point, firstly some of us have family and kids so that's not an excuse, that been said I want to believe once you find yourself in a shit or allegation the best way is to find a way to get out of the mess, but coming here to repeat what you have done in the past over and over again is insanity, you said you blamed him for coming here to trade for people then why is he still doing thesame thing? Oga infofirst told him to participate in the competitions organized on here just to prove himself and even if he fails to meet up the requirements he will still be given an account, pls what more opportunity do you need in life order than this? Few in life has had this opportunity, if he is serious enough what you need is just get your head straight and work for everyone to know you are serious, we all need help but help won't come to our door step, this one you are saying anyone that he has scammed should come out with prove and you will pay are you really helping him? Or you really think the whole FTA hates him? Common I don't even know him anywhere I have nothing but love and respect for every body but our duty as humans and to GOD is to call out what's bad for what it is, the facts are there unless you choose to ignore them, he @meshpips is not serious and as a questionable character, @GabsonFX2 you said it in one of your statements that feshizy whom you respect so much is even condemning him do you think is mere coincidence or he hates him?and when you dumped the thread and ran away oga infofirst was one of the big bosses who stayed to encourage and quick to point out any benefits that is out there to the people in here. Do you think this two all of a sudden would change towards him and him alone? Common man you can do better and if he's your friend like you claimed , @Meshpips needs serious help faaar more than merely paying for his debts.

Well said boss mi. we all should learn to call a spade a spade ...meshpip needs to understand that he's not bigger than FTA and there are set of rules guilding this thread

PIPSMARSHALL:
Thanks to supreme fx and his guys, omo dem dash me 10k maven o.

August did not end bad after all.

Journey to 100k funded....

Congratulations man.. shine and break records

infofirst:
Maven Prop Trading has acknowledged our community and intends to regularly provide support to traders by offering giveaways. The initiative, spearheaded by @ekesoft and @supremefx, and he will henceforth be sharing updates on Maven's giveaways, promotions, events, and other relevant information here. Please kindly help to like and share such posts in the future. As a gesture of gratitude, we have noticed that competition accounts in recent times have come from Maven, and we plan to continue utilizing them. The upcoming giveaway will consist of three $5,000 accounts, which will be randomly awarded to active members of our group. The selection of the winners will take place 48 hours after this post, and interested participants are required to be following the
@supremefx Twitter page : https://twitter.com/supreme_fx_/status/1689905238747107328?s=46&t=Xz3VkWCa0KAWSim_gopNZw

@maven Twitter
https://twitter.com/maventrading?s=21&t=Xz3VkWCa0KAWSim_gopNZw

Maven discord link
https://discord.com/invite/maven

Ekesoft/ supremefx affiliate link https://maventrading.com/ref/845/

Note Fam, if we make this effective, there will be more and bigger ones in the future. You can help to share and like those links if not interested in the giveaways still.

All done ✅..Thanks for all you do boss

infofirst:
You have missed one of my posts be that. Someone has withdraw over $300+ from challenge acct he won.
Excitement I guess took over and the acct hit the rock. @don sheddy is one outstanding too..
I am trying not to be too rigid. And trying to have more facts if I was wrong or not.

If you never hit $1M in funded. Hustle for giveaways. Even me that do give accounts. I am stil trying to get it. Maybe when I hit $10M funded.. Then I will not look for giveaways again. I will prefer to win giveaway and come give my people here sef.

My Twitter handle is still @ishowlahfx.. Make una tag me, follow me when I follow you too. I usually follow back as well.

If there is any reason for me to not relent here @donsheddy is one of them. Make una just wait. When @donsheddy get pay out. You will see the full gist and how he rise from.... To.....

Following you already..handle is same as my moniker here @DestinyDjohn

infofirst:
Random winner generated as announced.
Congratulations to the winner... @Lanshile....

Congratulations Lanshile .....

infofirst:
As some pipish and mesish and vapish people are on full time to scam us on this thread. Some amazing folks are striving to bring rewarding information and offers to improve us here as a family. May those offers come tru.
Be on the look out.

So quick one, what can a $10k challenge giveaway do for you if you win it here randomly without any competition ? How long can you pass it? If you are to nominate someone to get the giveaway instead of yourself, who will you nominate here?

I will nominate karkinase..a good chart analyst

GabsonFX2:
Gold and Silver did this.....addition to portfolio $100K account

Congratulations boss....e no easy

meshpips:
Make una use use this end of week report take calm Una sef down this night.

Tomorrow na Sunday, I go attend church service. I nor dey find trouble on Sunday.

So let me enjoy the trouble making to the max today.

Bunch of muren rens.

You suppose dey shame honestly.....see evidence from all the atrocities wey you don do before...you should apologize to people here and seek for help

karkinase:
The guy na scammer he no sabi anything. See Wetin Raja banks talk here

that one self dey but Raja self dey talk too much Raja no believe say e get who trade pass am for this life ...if Matt no fit bring evidence say Noman cheat then mk him rest and pay the guy ...if you have to call someone a scammer show us how he scammed you

karkinase:
that guy is not a trader but a big time scammer, he knows jack, see they asked him what’s his strategy for trading he said he just buy when he wakes up and patience .. no strategy nuthing just buying 😂

Something must be fishy about the way he trades because I heard the wallet address he uses is the same with that of his affiliate...but we are all can't conclude he's a scammer yet because you don't expect a trader to just tell you his strategy in plain text...If that guy was loosing this prop firm won't hold a twitter space and name it Norman trials...If they feel he's cheating ,they should do thier home work and discover the means

Emmizay12:
I just lost my phase 2 MFFx propfirm account today,,, after struggling to trade it for 3 solid months.....

when I bought the challenge I had zero doubt I won't pass the challenge....

all my analysis just dey chop stoploss, this same analysis carry me pass phase 1...

Sorry boss ..I know how you feel now ...sometime last year I won one of boss inforfirst competition here, it took me about 3 months to pass phase 1 and 2 ...Ever since I pass that challenge have been swimming in drawdown like I dey chop back to back sl.....At a time I began to doubt my trading model ... So my chief no too reason am, go back to the drawing board( same thing I'm doing right now ) I believe you will come back stronger.......I still get this strong believe I'm going to rescue that account back to life .

meshpips:
No tables to be scattered.
I wrote openly when I breached the account on Twitter.

At this stage of my journey, I am no longer ashamed to let people know that I failed.

Absolutely nothing to be ashamed of.

I have gotten to where only about 11% of traders worldwide can ever get to and I am willing to help others get there.

You have not done same or at least nine that I know of. Do you delight in just throwing money away by purchasing evaluation accounts for people and waiting for some magic to make these random people get into the 5% league?

Why not purchase the account for them and take them under your tutelage until they get to payout level?

Why do you want them to keep struggling by themselves when you are in a position to offer assistance? Is that what Islam teaches you?

My own Bible says do not with hold help from people if it is within your power to do so.

Infofirst, take a few by the hand and help them get to where you are.

Stop this shitty gaslighting..my chief you ain't profitable in this game,you're still struggling and it's written all over you . Why don't you seek for help ?people are willing to share this knowledge for free.Go to twitter and see young profitable traders killing the market back to back....