₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,325,223 members, 8,420,882 topics. Date: Friday, 05 June 2026 at 01:24 PM

Toggle theme

Edujoy's Posts

Nairaland ForumEdujoy's ProfileEdujoy's Posts

1 2 3 4 5 6 7 8 9 10 11 12 (of 13 pages)

BusinessRe: I Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers by edujoy(op): 9:03am On Sep 07, 2011
Please guys beware of BIAS motivated Broker rankings online, do your own checks properly. If any broker claims to be registered with any regulatory body, check them out with the body they claim to be regulated under


happy pips
BusinessRe: I Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers by edujoy(op): 9:59am On Sep 06, 2011
@ Jamace, Are you a full time forex trader?
BusinessRe: I Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers by edujoy(op): 7:51am On Sep 05, 2011
jamace:
That is to say, you manually close losing trades, you don't trade with Stop Loss order, eh?
Any further questions jamace?
AdvertsRe: What Is The Best Form Of Internet Business by edujoy(m): 7:47am On Sep 05, 2011
Forex trading

BusinessRe: I Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers by edujoy(op): 7:15pm On Sep 04, 2011
Secondly, I programmed my system into a signal generator so I know when anything is happening at any time, I exit when I have conflicting signals on my analysis so my losses are very insignificant
BusinessRe: I Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers by edujoy(op): 7:12pm On Sep 04, 2011
jamace:
That is to say, you manually close losing trades, you don't trade with Stop Loss order, eh?
Yes I am a full time trader, My PC is always ON to activate my trailing stop orders
BusinessRe: I Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers by edujoy(op): 3:40pm On Sep 04, 2011
jamace:
@Edujoy
How comes your chart shown above has positive profits for both Take Profit and Stop loss?

Normally, takeprofit gives positive figure in the profit/loss column, while stoploss gives negative figure in the profit/loss column.

Explain.
Thats trailing stop, hope u know what it means or should I also explain that?
BusinessRe: What's The Best Internet Business A Nigerian Can Do? by edujoy(m): 3:52pm On Sep 03, 2011
Trade forex my way

BusinessRe: I Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers by edujoy(op): 11:27am On Sep 03, 2011
Top brokers include-
1.
2.
3.
4.
5.
AdvertsRe: Forex Help Desk by edujoy(op): 3:04am On Sep 02, 2011
I forgot to mention that risk management is very important. apart from strategy, you should also protect your capital. I have a very simple risk management formula

lot size = (% of capital to expose) * (capital) / stop loss


For more aggressive traders with very large risk appetite just scale your lot size as follows-

0.1 /41000
0.2 .$2000
0.3 / $3000 etc


Also observe that I use this system on EURUSD only (it works well with every pair, but I have traded and researched on EURUSD for 3 years)

Be patient and you will make it to the top


Cheers
AdvertsRe: Forex Help Desk by edujoy(op): 12:37am On Sep 02, 2011
How it works -

The blue and red lines are EMA 5 and 10 respectively. The red arrow is a trend reversal arrow based on VSA ( Volume spread analysis) and the blue arrow is simply programmed to sound an alert when RSI crosses above 50 simultaneously with the EMA crosses.

First I wait to spot the Red arrow, I enter when the blue arrow confirms in the same direction ; this way, I get to filter the false trends.


Below is a live account statement traded with this simple system.  You can google most of these indicators.

Good luck in your trading

AdvertsForex Help Desk by edujoy(op): 12:27am On Sep 02, 2011
Hi folks, this thread is intended to help new and upcoming forex traders. Please post only your trading challenges and/or trading solutions.


Below is a screen capture of my trading chart, and how I apply them to my trade.

Good luck and happy pips.

BusinessRe: I Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers by edujoy(op): 6:01pm On Sep 01, 2011
De-Genius:
pls bro your froex stuff is too expensive. come on even if you are making millions of dollars from your trading biz, why will you sell your forex stuff for that outrageous amount?

help people who want to do business online.

i trade forex but i have never sold my strategy.
Its very unfortunate but the truth is that FOREX trading is not for everybody, its going even higher. it cost me an arm and a leg to programme those custom tools
BusinessRe: I Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers by edujoy(op): 11:31am On Aug 31, 2011
search for famsinc on zulu
BusinessRe: I Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers by edujoy(op): 11:54am On Aug 30, 2011
bayfam:
@edujoy, Nice trade so what technical analysis is that and how do i get it from you, kindly send it to my mail: rarediamond26@yahoo.com
with ,thanks.
Thanks bro, I will soon be listed on zulutrade so follow me on zulu. If u insist on getting my tools then see my blog
BusinessRe: Forex Trade Alerts - Season 2 by edujoy(m): 1:17pm On Aug 27, 2011
Please critisize my results, Live acct

BusinessRe: I Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers by edujoy(op):
Cant stop thanking God for these results
BusinessRe: I Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers by edujoy(op): 12:59pm On Aug 27, 2011
This is it , LOL
BusinessRe: I Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers by edujoy(op): 7:56am On Aug 24, 2011
austinedu:
Guys,
Why not sign up on a site where you will be paid a bonus for posting. You can use the bonus to trade and withdraw the profits.
For me info on how to participate, click the REGISTER HERE link below.
Good concept, which broker is behind this?
BusinessRe: I Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers by edujoy(op): 8:38pm On Aug 23, 2011
No hard feelings bro, got your sms
BusinessRe: I Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers by edujoy(op): 3:45pm On Aug 23, 2011
meshpips:
Hi,
its obvious that you worked with a market maker. Next time, only deal with STPs (Straight Through Processors) or ECNs. If your trading method involves the use of volume analysis, I advice that you trade with an ECN because they would give you depth of market software that shows you ALL neighbouring pending orders and the summation of the total quantity to be bought/sold. Remember, price would only go where the big money is.

You can check the forex trade alerts thread for a text file I uploaded some months ago. It explains in a clear and concise manner the differences between STPs, ECNs, NDD brokers etc.

One last word, you can become truly successful in this business. Don't despair!
Have a pleasant day.

I resigned to trade for a living, I can comfortably say that I make much more than any banker, besides I got married trading the forex market.


I also understand the difference btw STP, NDD, and ECN, this thread is meant for people who do not no there rrights from there left in choosing a broker
Meshach.
BusinessRe: I Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers by edujoy(op): 1:36pm On Aug 23, 2011
coolgeorge:
Hello All,

Pls can any one tell me if marketiva as a forex broker is a reliable. Your comments will be highly appreciated.
The last time I checked, Marketiva was very efficient, however, were not regulated, I will reserach on them and get back to you
BusinessRe: I Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers by edujoy(op): 10:35am On Aug 22, 2011
jamace:
OP

Save your bros and sis in this forex biz from the evil brokers by suggesting good ones, please. Thanks.
I am sure of DUKASCOPY
BusinessRe: I Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers by edujoy(op): 9:13pm On Aug 19, 2011
I wish there is a broker that can effect same day withdrawals and deposits in Naira, too bad
BusinessI Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers by edujoy(op):
I first heard about forex trading in 2005, but I started learning the forex market in 2006. In 2007 I lost $1000 in 3 minutes. I made my first profit withdrawal in 2009; that was the year I believed that forex trading is real.

I joined a forex broker that established an office in Nigeria (name withheld) in 2010; my experience with the firm will shock you. I resigned in March 2011.

My advise to traders, "PLEASE LOOK BEFORE YOU LEAP". Choose your broker wisely.

Some FOREX brokerage tricks -

I will share with you some of the tricks greedy brokers use-
1. Enlargement of spread during high impact economic news
2. Enlargement/removal of trailing stops during high economic release
3. Fake/non-transparent data feed
4. Internal trading / witch hunting

I have a very long list. The truth is that a lot of brokers out there are scam, make sure you do your background  checks properly before you trust them with your hard earned CASH.

Wish you well in your trading.

1 2 3 4 5 6 7 8 9 10 11 12 (of 13 pages)