₦airaland Forum

Gozzylala:
Leaving money on the table is another challenge traders face. Man I've been leaving so much money on the table lately and it hurts. @englishisamust did you get in the EU longs today? Took profit too early and it's painful.

My guy i see that long too on EU,
I took it,
E get where d werey reach e begin shake leg,
For that kein 3am,
I closed trade, work up for work e pull back small, i was proud of my exit, only to come back and see say men market don travel to were i initially predicted,

That's the issue i face wan i reduce time frame and forget to look into the pick picture.
But nothing spoil,
Slow and steady wins the race.

Englishisamust:
Fehizzy finally make me believe someone can be making money every month in this Forex market. If you know what u are doing. Imagine you have a 200k funded account you are making half of that percent make per month. Na millionaire you be be dat

Thanks mate,
But i go reduce risk oo,
See my DD, more than 50%, i know i once said i can take 70% DD
But omo through our last week before i closed the trade,
I just dey panic, come dey do excessive backtesting and looking for similar patterns on how it played,
Omo my house come be like say i dey solve homicide case.

The moment is saw green pips,
Omo i close the trade, go outside drink beta beer

This their yeye war be wan spoil something

Tony142:
So u are even still blowing a demo accounts and u want to argue with me that is trading a live account, chaii, ona Don see me finish for this thread

At least we see his demo and owned up to his mistakes and learnt,

You with your virtual live account, how far?
You are just trying to sell us dream, but no one is buying
Oga show doings, no dey talk plenty

haryodehjia:
Feshizzy and Tony142.. The heat is gearing up gradually by the way Tony142 you didn't come back to give an update of the funding boss infofirst gave to you last year mind you I'm not attacking you pls(it has been on my mind to always ask)

Haaa!
You won't hear from him till next 3 months be that,
Not like I'm shading him, but i like it when someone walk the talk, even if you fail or lose, you will be better than those who didn't attempt at all.
For him, he just talks and talks and no show for it.

Not really the kind of inspiration we need here,
The way Gabonfx dey show is winnings na the the best fx trade alert and motivation be that,
No be to siddon with keyboard Morning till night, no single trace of trading in him. Just vibes

realone12:
Oga you talk Too Much.. we are all humble learners here.. no come dey form boss here..
I have been in Forex business for so long. and I have come across people like you often. calm down with this gra gra.

That guy is too scared to go back to trading
The loan he collect with that him mouth, he never pay finish.
Any time he is asked to prove his theories, he comes up with one silly excuse or the other.

With his level if talks, if he truly trades, he would have Atleast shown us his achievements.

But NO, Bros like to feel high in his talks but zero practical trading.

He is one if those so called gurus that can talk Morning till night and motivate you.
But he would never motivate his own self back to trading.

He reads no doubt,
So he is educated in forex but lacks single experience in it.

Tony142:
Foolish people attack other people opinion, while smart people ask question about others people opinion in order to know more, so with this your question I think u are smart



In my years of trading I discovered that there are 3 types of profitable strategy cut off mark, when a strategy meet this cut off mark then it is considered a good strategy


For example, let assume u applied for medicine and surgery at the university of lagos (UNILAG)

And the university said that in order for any student to be admitted into medicine department he or she most have a minimum jamb score of 320, this is to say that the cut off mark for medicine in unilag is 320




Now, let assume u score 290 in jamb, u will not be admitted into medicine by unilag, why?...because u did not meet the cut of mark (320)



Since I love inventing things, what I did was that I invent a "strategy cut off mark" that all strategy most meet in order for it to be considered as a profitable strategy




Below is the 3 strategy cut off mark I invent



1. 80% win rate + 1:1 RR
2. 50% win rate + 1:2 RR
3. 30% win rate + 1:3 RR




Note: the 3 strategy cut off mark above is just the minimum amount needed for a strategy to be considered profitable, for example if u have 90% win rate + 1:2 RR u are profitable while because this strategy is above the 1st strategy cut off mark, so when I say 80% win rate + 1:1 RR, it does not mean it will always be 80% win rate + 1:1 RR, it can be above it too, what matters is that your strategy meet the cut of mark


For your strategy to be considered as a good strategy it most meet one of the above cut off mark or else it is a useless strategy


So, how do u know if your strategy meet the above cut off mark?....very simple all you have to do is to use a trading simulator to backtest or forward test the strategy with atleast 1,000 signals, 1,000 signals is the minimum trades set up u have to take or back test before u can conclude if your strategy is good or not, after using the 1,000 trades signal then compare your results with the strategy cut off mark above to see if your strategy passed the cut off mark or not, if it does not passed it then you will have to re-write jamb again (look for another strategy to test)




Back to your question, in order for you to know if u are just being lucky or not is to check if your strategy have being tested with all the types of market




There are 3 types of market

1. Trending market
2. Ranking market
3. Choppy market




Every strategy has a particular market that it works best in, for example let assume u have a strategy that works best in a trending market, and the market has being in an uptrend for the past 3 months, if 80% of your trades is a BUY, u will win 80% of your trades, why?...because the market is in an uptrend for the past 3 months and most of your trades are BUY, so the market will favour you because u are following the direction of the trend so you will be having a lot of winning streak, but guess what? When the market change to a ranging market or choppy market u will started losing money, while? Because your strategy is only good In a trending market, but now the market is no longer trending it has changed, it is now ranging or choppy so you will surely lose money




So the way to know if u are being lucky or not is to make sure u test your strategy in all type of market condition (trending, ranging & choppy)



If after testing it in all the 3 types of market and the strategy passed the strategy cut of mark above then congratulations, you have got a solid strategy





One of the way to know a good or bad strategy is to backtest or forward test it, but since I hate stress and love inventing things, I decided to invent 2 ways to know if a strategy is good or not without even backtesting or forward testing it, but I do not want to go into that, I have reveal enough secret already, so that is it

Please kind sir can you grace us with your trading journal for the past 3 months?

Tony142:
The emotional part is not the hardest, having a solid strategy is the hardest

If solid strategy can get the job done,
They would have built a robot for it,
But you wouldn't know that because na motivational speaker you don turn to

karkinase:
I disagree with you, having a solid strategy without the emotional backup to execute your strategy will keep you failing over and over. Imo, risk management and emotions(psychology) are two limiting factors every trader needs to overcome.

Una dey fall hand oo,
That guy is not a trader,
He doesn't even know what he is saying,
Others dey trade, my guy dey find motivational quotes wein he go use hold body,

Make una ignore am, i don tell una already,
That dude knows nothing about the market

Make una no dey listen to that Tony guy oo,
Na failed trader wein don turn life coach,

He has been in fx less than 3 years,
And traded less than 2 months,

Don't be like Tony

Englishisamust:
As he don be nw. If I ever break my trading plan again make I no dey successful in this business.. you can add your own so that I can be discipline by force. I don't know the spirit controlling me to be trading setup that doesn't align with my rules.

Trade like your life depends on it,
Trade like there's a gun pointed at you, you will die.
Give yourself some kind of punishment for failing to follow your trading plan.

These apply to following your trading plan,
Not for if you lose a trade, because losing is also part of the trade.

Fleckingemy:
Sometimes I feel like give up have lost more than 500$ some to all this fake signal provider l, some to all these fake online teachers does it really worth it

Abeg give up oo,
You sef don try

Jameselias:
WHERE IS GABSONFX??¿??

Enjoying the good things of life,

Kaybee7000:
Pls o how does the ftmo calculate their DD cos am seeing 2+ here and my acct has never gone down beyond 999+ since this comp started , y am I seeing 2+ DD abeg? Or dey don't allow swing trader ? Cos it seems as my profit dey retrace back to my entering price , dey keep piling my DD or what ?

There's an option to select swing account. For overnight and over weekend trading

Englishisamust:
Month 1. Account still stable

Well done mate,
Keep it up

This has been a rather slow month,
Well, so long the account still balance,
Then we move

DannyFX2638:
no mind am.. make he come show you ..for this yeye country we day.. so you go kidnap or give am poison... Na why very soon I go like join our oga Gabsonfx for that way

Exactly,
E get as you go post alert,
Men go begin observe you,

So what benefit do i gain if i post 200k account?
Lol,
For online platform again,

realone12:
How can i doubt Forex trading when I am a Forex trader?
its just an innocent question.
the highest I have seen is $55k (personal account). have you seen anyone with bigger account?

Someone who has a 200k account,
Why would s/he have to show it to you?
People that have achieve that height has nothing to prove anymore.
Have you seen anyone stock portfolio before?
Exactly, they don't have the time to show anything

Dotinacircle:
No mind me jaare. But how una dey do aam you are hardly get one losing week in ur track record. I go sacrifice my tution fee make I con use learn Forex for ur side

I scalp on a higher TF,
My scalping follows main trends,
And risk is very very low,
Because I'm trained myself to be a Conservative trader over a long period of time.

Bros the mata no easy at all oo

DannyFX2638:
The main reason Nigeria and the entire Africa nation can never Go forward.. Always uncivilized..

Na lazy brain, always looking for shortcut,
Shey the people making profit dem get 2 head?
No mind am

E fit don choke for him side

Harness your greed,
Don't catch a falling knife,

oweniwe:
Feshizzy stop jumping into conclusion.

@ samfelly: account manager noticed another login apart from my usual devices (I use tablet to trade at home and phone to monitor active trades when I'm outdoors) so she asked questions and I was honest with my response. It was then she told me such is not permitted to give out investor password on micro account as they might assume I'm collecting money from people to trade and if I wish to give out my investors password, I should open pamm account.

So I tried to change the investors password on my end but it wasn't effective. Even though ihence got password change notification, the account could still be viewed from my other devices hence why I mailed the support.

Btw, i am not jumping into conclusion, i reacted based on the information you have chosen to share,
I don't read minds.

If you don't sign out an account,
Of course it will still be viewed, i understand you won't know that,
Well Hotforex played you, honest or not,
It's none of their business who you choose to share your account details,
You should have asked her which of their agreement you breached,

Brokers have no right to whom you share your logins with,
I can choose to login in 20 different countries,
The best they would do is to tell me to change my password because of possible illegal access to my account.

You suppose dey shout for am normally,
Unless say na free bonus you dey trade with, they don't have right to tell you how to manage your money.

oweniwe:
Hello house,

I didn't know that giving out investor password na offence on HotForex micro account. So someone wanted to give me money to trade and in order to be accountable, I give am my investor to be monitoring the trades.

I emailed HF support later to change the investor password but they used it against me and locked the account (though I was allowed to withdraw my funds).

I really like HF. Been trying to register with them again but it seems they have blacklisted my details and I don't know why.

Anyone with similar experience should advice, please.

Thanks

Cc: samfelly , NetValueFX

You wan trade for person and you don't even know how to change investor password?
Smh, a quick Google search would have solve the problem.

And no, they can't lock your account because you gave out an investor password,(it's called investor's password for a reason though) they can't even lock you out if you gave someone else your account,
Only prop firm reserves that right,

Abeg talk another lie, this one don porous

SimplePlan34:
Ok bro I am on the site. Pls who is the best broker to join in Nigeria and how do I fund the account.

You are already talking about funding? Lol

Good luck

Gozzylala:
Just to add to what you've said, one of the quotes that keeps me going in this business is "if you keep hitting a tree at the same spot, one day it will fall".

Depends on wettin you use knack am ooo,
And the kein tree too,

You wan dey use slippers knack iroko tree? Las las na the slippers go cut

For those still in demo,
Find a particular pattern that has a high probability ratio, master it, remaster it

Don't go about trading multiple pattern and trying to catch every wave in the market,

Just master one pattern very well, look for it across all your fav pairs, trade only that pattern for 3 months minimum,


Edit: some of y'all just started trading, and wants to catch every single pattern in the market, trend reversal, continuity, pullbacks, swings, counter-trends, flags etc
Without even the understanding no be all fish for water dem dey chop (excluding the Asians though).

Study what you want to study, be able to recognise these patterns but only trade the one that suits your style,
That is where discipline actually starts.

Englishisamust:
What is adr, this one is new to me

Average daily range

Personal advice,
Know the ADR of your pair,
Have have a subconscious overall max lot for you account,
And avoid all those very sharp 2 pips with heavy lots,
E dey always cast

No mata how you plan the trade to be short and quick, always prepare your mind max drawdown as well.

Keep it simple, don't be greedy.

charly20:
I think fxblue has gone crazy . I have not made such profits.


I would have stopped trading a long time ago but I really want to make 1st place. Tomorrow's the last day.

Nice profit mate,
You don win am, no cap

saintfaculty:
94.9% of target meet.... 6.1% more to go

Well done bro
Well done,
As it should be

STARKENNETH:
THIS ACCUSATION IS FALSE SIRMY ONLY OTHER ACCOUNT "TITAN KENNETH" WAS BANNED FOR SPAMMMING THAT'S WHY I USE THIS ONE,AND SIR I HAVE A JOB BUT I LOST MY OGA MONEY,POS JOB,HE SAID NO SALARY FOR ME FOR NOW,THANKS FOR THE ADVICE THOUGH,GOD BLESS YOU SIR.

Go and do apprenticeship in a trade,
You just don't want to work,
You dey find soft life, everyone do.
But to get to that soft life, you need to work extra hard,
There's no single soul here that we send you a penny,
If you like be over religious. Your story dey touching, but e no touch anywhere.

No free money anywhere
See the nonsense you even said, you think forex is like tomato trading?
See just go learn handwork, this begging no go favour you for this life so.

Some member story for here dey touching pass your own, but you don't see them advertising their problems, Atleast you mention family, meaning you are not an orphan.
My dear go learn handwork fast ooo

Faxtacy you don chop ban with your new account
Wettin you do bot?

STARKENNETH:
PLS KIND FOREX TRADERS,I'VE BEEN SEEING ONLINE THAT CRYPTO TRADING IS A NICE INVESTMENT TO MAKE MONEY ONLINE,MY FAMILY IS CURRENTLY GOING THROUGH TOUGH TIMES,AND I WOULD LOVE TO START CRYPTO TRADING AND ALSO AFFILIATE MARKETING,BUT THE THING IS I HAVE A BUTTON PHONE,SO PLS GOD FEARING CARING FOREX TRADERS,I'VE BEEN SAVING TO GET ONE SO I CAN STOP THIS DAILY HUNGER IN MY FAMILY,I THINK #20000 WOULD BE ENOUGH,SO PLS INSTEAD OF ONLINE BEGGING,PLS SOMEONE SHOULD HELP ME WITH ABOUT #15000 AS A GIVE AWAY OR AS A LOAN,PLS KIND SIRS HAVE MERCY ON A POOR FAMILY

You never see anything,
The hunger wein go wipe you ehen...
You think forex trading is a poverty eradication programme?
You siddon for house make we dey wire you money,
Better go and find the root of your poverty very well.

Since August you open this account you have been constantly online begging,
And I'm very sure you have multiple accounts,
You just decided to be useless and create a full time job begging.

My question is how long? How long?
How long are you going to continue wasting....
If you dey reason suicide, just quick quick get over it and be done.