₦airaland Forum

priceaction:
Besides ,you said you never met any Nigeria being a scalper, you have not dig it well over there. Do you know kinzu that even trade or scalp up to 100lots/ trade .yes 100lots. At least I saw it once or twice live account. He is a good friend . He is a Nigeria.
Anyway no need for argument, do what is good for you and follow your trading instinct. My moniker on ff is far different from this for clarity.

Kinzu, an old timer too, great guy, I call him Omo Akin, check him out, he got just 2 buddies and lots of subscribers, and I happen to be one of his buddies way back.
Like I said before, I know Nigerians there too,
And kinzu is not a complete scalper, when I don't see entry on bigger TF, I also switch down TF too.
My point is what's your moniker on FF, reason is that you said you are a senior member with a shinning teeth.
I know who I am, and I'm not here to belittle anyone or to make myself bigger than life.
We are family here, so welcome to the family . I saw you reg this month.
I'm not discouraging from your trading style so long it works for you.

Your contribution is highly appreciated.

Regards,
EF

priceaction:
lol. I do understand. Your insta withdrawal is it via bank directly? and to which bank if i may ask?

@bolded. I am not a novice trader or newbie. In fact am a senior in ForexFactory ( not bragging)

I never said you should stop scalping or put you in any position to do against what works for you.
As for as FF goes I only know of two priceaction one is of Pakistan the other of Spain, the question is who the hell are you.
All Nigerians I met over there don't even scalp.

I'm sorry you are a pro and still finding a suitable broker make me doubt you credibility a bit further.

Well, as far as the broker goes, I use the Nigeria agents here and pay in naira, I use my debit mastercard too but in naira domination, i have given rates before.

Ps. When next you want to prove a point, go easy, there are extremely intelligent people viewing not just newbie alone.

On a lighter note, I know of an Arab guy that scalps too, average pips is 7 and max 20, sl at 40 pips, he wins almost all the time and he uses a very simple system. I also know of an extremely wonderful system base on 1 minute TF created by a Russian Boss(My Mentor). Just so you know who you are dealing with. I'm also an old timer. .
I still await to know your FF moniker too, probably we could learn one or two from you.

If you want to help newbie, pls do. No one is here to prove that he is better than the other or to make someone else feel inferior.
Here is family, and family also straighten each other every once in a while

And for the quit notice you dropped, that isn't meant for me, did I ever mention here I am unhappy with my trading system?
For a pro, you really don't pay attention to details, do you?

Regards,
EF

Tom29i:
I'm adding Daily / weekly chart for swinging along day trading / scalping with same targets.

Well done mate,
Keep the pips coming, stay focus.

priceaction:
Thanks man,
i am a core scalper with heavy lots trade. So spread plus commission really matters.
so i have been using pepperstone for almost 5 years, but i dont like the way am been short change with GTB withdrawal differences. Thats why i want some other options and backups. I dont use all these local brokers for reason best known to me. When i started my fx journey over 8 years back, i was with alpari.uk before they went insolvency. Apart from that, they still use black market rates for deposits. So no much difference. All i want to know is that if there are banks or e-currency paltforms that rates of deposit and withdrawal is very slim. I heard of stanbicibtc is around $280/1$ but not sure of the withdrwal.
Imagine GTB charging you 300/1$ and your withdrwal is less than 200 rate. on around $1k, thats stealing over 100k in naira. Thats wayo ..I cant take it again.

Well said mate,
Very true Alpari had serious issue back then,
Well all brokers do have issue one in a while,
the question is this was your money sabotage?
I don't use Alpari like I said before,
I use instaforex currently deposit @315/1 a withdrawal @305/1
Just chill abit more, team members would shine more light on there brokers esp fxcm.

P.S, you scalp, don't you think you should switch, anyway kudos to you as long you are bagging the pips. I too was a bad*ss scalper popularly knows as the TrendRaider .
But in the long run, just like every fast cars, if you hit a stone, your drawdown would be deep.
Cheers!
Happy weekend.

Regards,
EF

priceaction:
Does any one knows the cheaper way to fund forex account? I have been using Gtb ,but their gap between deposit and withdrawal is much .
My broker is tickmill. They açcept almost payment methods including netteller and i can withdraw to any account somehow but I need help on which payments method is cheapest to fund now.
Netteller, ibtc Mastercard, or which one? I am leaving Gtb at 300/$ or so.

Should you choose to deposit and withdraw conveniently
I do advise this few known brokers in no particular order, alpari,instaforex and fxcm.
They all got local agents around that got reputation, if you ask me, I'm using instaforex, my cousin use alpari and team members here use fxcm.
So far, we are happy
tickmill is very good and reputable too, I used them when they were still armanda, but the increase in dollar I had to switch and should incase I have a complain, I could storm into their office in a cowboy style, that's the reason I use a local broker so to speak.

Hope this helps, IMHO

Regards,
EF

shalom123:
Hahaha...lol LWKMD
;DD
I forgot to add #copied... If I had been trading for 10years and above, I won't be talking with you kiddo or sorry kiddo for using the word 'kiddo'...there are only two types of market actually like the post I pasted.
There must be a drama this weekend...

Okay sir I'm willing to learn more,
What are the two type of markets,
Happy weekend.

Regards,
EF

Kashif:
First, you need to trade like you don't need the money.

Don't go to the trade; allow the trade come to you. Cherry-pick your trades.

The market is always there, presenting countless opportunities. Don't rush.

Take only low risk; high probability trades. You will only appreciate this when the losses accumulate, and you realise they would have been avoided if you sat on your fingers!

You can go a month without losing ANY trade if you want.

BTW, I trade only H4 TF, and I hate indicators!

Wise words mate.
*thumbs up*
You have spoken well like a very disciplined trader.
Kudos.

Regards,
EF

Redslip:
Simple, opening new acct wit ur desire moniker

Thanks but this is an option I rather not explore.

A rather off topic request,
But do anyone know how I could possibly change my moniker?
Thanks in advance.

shalom123:
But how do you tackle the problem? Recognize that there are only 2 real situations, trends and breakouts. Churning? If you think a pair is churning then drop the time frame and you will see a trend. So should you trade the trend or breakouts? You will literally drive yourself nuts over this one so I'm gonna tell you a serious short cut.

Trade both. In order to do that you need a serious skill and what is that ONE single skill to master? Here is the gold...you need to master trading the pullback.

Sorry to burst your bubbles sir,
But in a churning/ranging market, there are 2 types, I would use simplified terms for newbie, the extremely tight one within 20 pips or less and the wide ones which could be 20 to 50 pips or more, best advice is to identify the main trade, and place a pending order on both sides, or in a conservative way, be patient enough to wait for a breakout and the trade, or better still there are more than 30 pairs, just look for another one to trade.

Sir you may be a master in hedging/trading both sides but you do know it's never advisable for learners like us to hedge. because I don’t see reasons to rush into a trade, it's better to miss a trade than to lose it.

Happy weekend,

Regards,
EF

Hello Beautiful People,
Its been an escape week for me so far,
I went greedy, but mother market decides to pardon me.

My trade from Wednesday 6/4/16 to Friday 8/4/16

AUD/USD -1

https://i.imgur.com/B1uBm1A.png

NZD/USD +4, -20 +18 = +2

https://i.imgur.com/RwIgWFO.png

USD/CAD +103, +132 = +235

https://i.imgur.com/z8ZRXQb.png

My Week 14 Summary

https://i.imgur.com/uOyQ0dN.png

Total Pips = +237

Total Week Pips = +526 pips

Well, USDCAD was very generous.

Though i didn't meet my target of 1000 pips weekly which should give me 25% of my account,
But i tried averagely, by making 13.15% this week,
I have made out plans to improve my trades
Thank your Sensei Pipsharingan for your motivational charts that made me trade live speedily,
I await your come back to the battle field next week, . I am quite sure you have mastered some wonderful jutsu and on your way to become legendary.
and also prettyboey -sama for the calcualtion tips, i later found out my summary already contained it
and currentprice keeping it real 100%
Shoutout to that trader out there that said "trade in the moment" those words are priceless

Everyone do enjoy your weekend.

Regards,
EF

shalom123:
Lost a few pips on both trades.

AU but isn't over yet.

prettyboey:
@Feshizzy...I hope i got the name right this time
1. For the % Accuracy = ( Won Trades/ Total trades taken) x 100%
2. For the % Raised in account =( weekly amount gained / weekly starting balance) x 100%
3. I only trade with 100:1 leverage

Thank you P.B for this information, well done with your trades once again. If you keep that up consistently, you might be bring home a chevrolet camaro.

And yes you got my name right this time.

dambabazute:
invest in www.forexcoolcash.com and make alot with your perfect money

Do we look like learners to you?
Take your PR nonsense else where.

russy:
@ i was never in the group, i dont understand mathematics, matrix system is difficult to learn if fail mathematics lik me

The only time I use maths is calculating my pips and money, the rest is just simple logic.

Regards,
EF

prettyboey:
My first Week Of April Performance

Good Trades = 5
Bad Trades = 7
Total trades =12
% Accuracy = 46.67 %

Pips Won = +566.8
Pips Loss = - 280.8
Total Pips Won = +286

Account Raised by 44%

Well, i think its not that bad for start of April, I know very well that I am improving .
NB:Please don't be wowed by the 44% raised in my balance because i only trade 0.01 Lot size.

Happy Pippin!!!

Nice trading Sir, but this week isn't over.
Do tell how do you calculate in %.
But really bro, 44% with 286 is really over leverage. Meaning 650 pips would give you a 100% on ur account.
Well, I wish you the very best of luck.
Keep the pips coming

Regards.
EF

jorel1:
I didn't buy my Forex BMW 7 series with a $10000 trade account.. but with a $250 account where i made 300% in one week and i slowly grew this account .let forex make that $10000 for you , thats its job...

What ever you are sipping on today please keep taking it.
Yesterday you saw forex as a dark side, today as the salvation.

Regards,
EF

sweetmaris:
I don't understand what u mean by " sat this one out"
U know say I no go school ooo

The stop I used was so tight but am glad I used it anyways
Am leaving GU to focus on my love GJ for now
am entering a sell at 154.88..
40 pips stop loss

Damn! You dash d market free food.
That breakout was a fake breakout. I no dey untop my pc now unless I for explain better.
But it's good you weren't burnt too much.

Regards,
EF

AdeLaNa1:
Ah! MSI Republic Of Gamers?? Bros be like say na the Aba version u dey see o.

Its ASUS ROG. MSI is a different brand on its own

Bros you sabi well well,
It's ASUS not MSI,

sweetmaris:
Sell GU
20 pips stop loss

Please tell me, you sat this one out?

sweetmaris:
Sell GU
20 pips stop loss

Ma, you might want to chill this one out abit.
Sell is weaken by the seconds. IMHO

Regards,
EF

PIPsharingan:
Hahahaha...Boss Fesh, why not?, we are all complex creatures and most people I know have more than one or two hobbies which they most time turn into a money making venture or charity. If for instance I love:

FOREX (because I have an analytical side),
Owning FARM/RANCH (because I love nature) and
Sports (So I own a local footbal club or a gym)

there is nuffin wrong doing all simultaneously, I know as Nigerians all we think about or work towards is becoming rich (any which way), so we forget what makes us unique but rather stick to what the crowd does... Ones we are rich, we end up over indulging in illicit activities we call "enjoyment" which do not necessarily bring us inner peace but rather helps us self distruct, that is why we have very few mentors in Nigeria, other than the religious leaders who most times miss the mark when they are also rich.

When you are less busy Fesh Sama, check up Michael Angelo's biography (One of the Ninja turtles was named after him). He was a "Painter", "Architect", "Poet" and "Sculptor", he has magnificient works in this different endeavours, yet he lived for about 88 years...The human mind is limited by its owner Fesh Sama, come to think of it, we were actually created to live for eternity if not for sin, so why limit yourself to making wealth and get all lost in it, instead of exhausting all your inner gifts and go to the grave empty?...Anyways, my thoughts, and like always

Happy Slashing

Sensei
Thank God you said own,
That gentleman wants to make 10k$ a day and still work under someone.
That's a no no for me.
I know it's good to be humble but making such amount means you are ready to take the leadership seat.
By the way we are talking about $10,000/daily here

currentprice:
@ Capital/fehizzy you fell for this

the dude think as it very difficult for him to make it in forex must be the same story for other, hence opinion sampling

_{^{bosses pls face your own trading the dude is here for that,,,, he will surely come with new theory after this}}

Wise words Sir,
duly noted with stamp duty.

Just to clear the air,
There is a bitter truth,
Not everyone is destined to trade and win in the forex market, that's why you could invest in people doing that already.

But if you think otherwise,
Please take the exit door with big your big head filled with negativity.

There's no room for negativity here, the market is complex already.
We are not here, to prove anything to anyone.
We are here, to help others improve and develop ourselves.

Regards,
EF

Bellonaire:
Your point is noted but just as Capitals explained, not everyone is motivated by money alone. Having a regular job provides the necessary distraction from your charts and association with society. I am an IT Professional and more recently a Trader but I would not let go of either career no matter how much I make from either one because of the simple fact that both endeavors are integral to my personality. Even
if I make $10k every day, I will still keep my regular job cos I enjoy doing it.

You can't make 10k$ a day, and still have a regular job.
You would be in venice or the Caribbean playing poker.
Or planning another investment.

Regards,
EF

jorel1:
These dudes you keep making reference to are all employers of labour and not working for some marine logistics firm hoping not to get swallowed by sharks in the ocean one day ..

Na way oo! Shark don upgrade reach like that?, dem don dey swallow people now? I hail your thinking bro
What's your point in all these?

Capitals:
Ok noted, so Its ok I you do not depend solely on trading but have other ventures that interest you. let's get back to the purpose of the thread.

You sef tire for the guy.

Capitals:
Missed the entire point. Let me help you rephrase. YOU WOULDNT HAVE A DAY JOB IF YOU MADE MONEY FROM TRADING. But you do because you don't.
And you think Warren Buffet has a job because he doesn't make money either.
All hedge fund managers that make extra money charging clients a commission, which is a day job, don't make money either.

Ok, that's cool.

Sir, I have read all that you have posted and I agree with completely but you should note my encounter with that lad, he obviously lacks enlightenment in what he is saying and has strong bond with pessimism. He's type is exactly the motivation we need to succeed.

Regards,
EF

dorodee:
SL hit... Lagos boyz no gree ooo

You fit join Arewa boiz now

Your SL too tight.

Tom29i:
d guys dat quoted my last post here sure got comprehension issues. well u are on a long tin if u don't have d holygrail. I can't settle for less. thank God I got mine . will sure bounce back someday.

what do u call a strategy dat earns money whether news or not & ranging or not? & consistently earns money daily (not necessarily entry new trade ) with d smallest RR 1:2 ? & a backtest of over 100 years showing same performance & continue so till date. dis is what I wanted to expose to a trader here. hoping Ogboraph recover soon

Come back when you have live results.

No offence but this is all PR nonsense,

I was starting to believe you until you mentioned the news, like really the news, have you seen the news spike before, like seriously news spikes, I mean spiking NEWS.

If you got the holy grail, how come you still allowed your mentor trade for you?

Sir you got points but not valid enough,
Simplicity still remain paramount,
I'm not trying to convince anyone here, just my humble opinion

Best of luck on your comeback, who knows you just might be the one.

Regards,
EF

jorel1:
Lol different terminologies with a unified meaning... even the casino roulette player believes he is taking a calculated risk...ironically those guys makes the best and profitable forex traders.

Okay Bros,
You Won, You caught us, We are gamblers.
Now can we rest now?
It's obvious you are not a trader, so explaining anything to you would still amount to nothing.
So let drop the subject and go to Vegas, Okay?

Regards,
EF

Edd1e:
Excerpt from Quora

Is forex essentially gambling?

Forex is not gambling at all. The definition of Gambling: Gambling is the wagering of ........

Thanks for clearing the air Sir,
These best pretty sum everything up.
So Mr Gambler, no much sugar coated explanation, this right here is hardcore differentiation.
If you still feel you can gamble in forex well I only know one road it's leads and your ain't going to like it.

Hope you have been convinced enough and not confused.

Regards,
EF