₦airaland Forum

http://www.dnbforexpriceaction.com/chapter-9-selecting-a-broker/

NAWA O!.....Apart frm indiscipline, fear,greed etc....there are other forces a retail trader battle with......it seems all d forces of forex are actually targeting the retail trader.....which ever way d retail trader will still b facing d monster uncertainty of d market, spread widening,stop loss hunt, untriggerd pending orders, fake price quotes by dealing desk brokers etc etc etc.

Tom abi no be so?.........lol

plodds: Guys, I need some guidiance here...
I have been demo trading 4 quite some time now n have decided 2 go live,
Thanks and have a green pip filled day

hope u hv bin properly trained ?hv u bin successful consistently in demo for up to 3 months or more. If yes, i wil first advice u to start with $200 in one accout and open anoda account wit $1800 for some one successful/experienced to manage d account for u. from experiece, success in demo is completely diffrent from live trading experience.

Tom29: i just read and finished my excel file of making 25% monthly from 1000$ capital and if u no withdraw the money for 2 years your balance becomes 200k plus. i tell u this way you will not overtade and be greedy

OVERTRADING AND GREED ARE D BIGGEST KILLER AND DEADLY SINS OF FOREX AND TO GOD.

TRUE TALK Tom.
i do take only 3 trade in a week and by d grace of GOD, hv bin consistently making 45%-50% monthly, but i dey withdraw chop pam.......lol, infact my weakness in this biz is monthly withdraws...i dont allow equity to grow. When i discovered the power of compound interest, am begining to negociate with my brokers to allow me give them a 12months standing order not to allow me withdraw until after 12 month.

can u imagine a small amount of $200 traded at monthly 50% profit can compound to $25,929 (N4,148,667) in 12 months

Oluwababy: HAVE ALWAYZ BEEN, WEL AM SATIFY WITH MA DEMO TRADING BUT I HAVENT MEET ANY SUCCESSFUL TRADER WHOSE WHEALTH IS BY FOREX, DAT WHY AM NOT CONFUSE TO DO D REAL TRADING

How many forex traders do u EVEN KNOW? I guess ur sample size is VERY small, thats why u are concluding so and confused. FOREX is like any other bizness, THE MORE THE CAPITAL THE MORE THE PROFIT which is the wealth u are talkn about. IT ALSO TAKES TIME if u allow profit to compound. I would hv bin a billionaire by now if i had left my profit to compound for d past 5years..............BUT I DEY CHOP PAM.......LOL

@benpuzzy
jst came across this in one of ur post
https://www.nairaland.com/268060/how-approach-lady

Did u get her eventually?...........lol

dont mind me.....am jst relax-reading. Happy weekend. hv nt bin able to install d gtalk u reqested. why not get on whatsapp too.

WHO IS THIS..........?.. I PROPHESY...
...

Theyjih: $AUDUSD bias ;- Long term (LT) short resistance turn support level 9916//9851//9758// 9652// 9632 //9569// 9530//9446//9430//9357//9301//9244//9214//9183//9144//9066//8984 i'm shrt 9520, wiv reasonable wiggle room through @ 9916 looking to add to my shrt on every rally playing the 50% retracement failure from the last down move from 1.06.. of course eyes on $HG_F (copper) going forward to re-align position.
Risk:- a break above 99** welkomes the move back to parity and more in an air-pocket kind of squeeze to the upside


$GBPNZD (LT):- Long resistance turn support 2.00// 1.9942//1.9871//1.9816 //1.9779//1.9703//1.9612//1.9550(78.6 % retracement) //1.9496//1.9447//1.9426//1.9381//1.9315//1.9273//1.9212 (200Daily EMA) //1.9204//1.9147//1.9132//1.9086//1.9030// 1.8882(50% rtracemnt)// 1.8774
.. i'm long (cost avg= 1.9100) lookng to add on pullbacks playing the 2.00 - 1.90 range with reasonable wiggle room through high 1.87** looking to add on pull backs ..
RISK;- a break below 1.90 gives room for further flush through 1.88 and below... $Gbp cross pairs shld b watched for clue also note it is a risk aversion move.. DUE diligence can't b over emphasized , know ur exit point, know ur risk

@benbuzzy. You said u are full time trader, pls can we chat on whatsup. 07035655192

surveycash: @fxproph, u said it rightly but I believe our FTA guys will not put us to shame.

Apart from financial contribution, we need the intellectual one too. Let's signify interest to speak at the event too.

I base in lagos now, i hv moved frm gombe . how do we meet?

i hv bin wondering about d sponsorship since d whole Lagos seminar plan began in july.......cos nothing is free in this world. someone wil always PAY FOR IT even if it is tagged FREE.

Suveycash thanks for d efforts. It is now we wil KNOW if nairalanders are serious about d seminar or not

I hope say they no go begin tear race away frm d matter cos MONEY MATTER don dey show head.....lol

Tom29: yes am jobless or 8 yes now. i dn tire for life this may be last moment if this frustration remain

[color=#990000][/color]PLEASE I WILL ADVICE EVERY BODY IN THE HOUSE TO STOP REPLYING THIS GUY.........make e no go commit suicide true true o. na small reason people the use commit suicide o. so dat his blood will not be on our head o.....lol

@Tom29. pls send me your liberty reserve account number so that i can send u d money you lost.....
so that you will stop insulting our King (Rosayx5) on this thread

SIGNAL ALERT FOR TOM29
BUY GOLD NOW
1 standard lot
on $100 account
TP. 600pips
NO STOPLOSS


WARNING. THIS IS SHOULD BE THE LAST TIME YOU WILL INSULT ROSAY. TRY IT AGAIN AND YOU WILL SEE WHAT WILL HAPPEN

Kirinwa: Guys please forgive me in advance but I think this guy is an I.diot.As in..eh.

He is not an idiot.....its jst dat he doesnt know how to talk......and VERY ARROGANT.

His signals are even worse......says a friend of mine dat subscribed to his signal service....LOL

@ Olayiwola01 attach it here in d forum for every one to see if u dont have ulterior motives. This forum is a bad market for hawkers

OliverPin: The USD identifies the strength in all currencies. when you see a set up that UJ will be bullish even if its for 50pips look for a pair that is bullish against the same USD. pair with JPY and buy, it will produce over 100, this applies to bears too. have you wondered why GBPJPY dropped almost 300pips two days ago? thats because all JPY pears were bearish but the key point was GBPUSD was bearish too which shows great weakness in GBP. Now today EURJPY is in range you know why? look at EURUSD very bearish while other JPY pairs are bullish. it shows weakness in EURO and JPY so when you pair its a range. i have tested this once and it worked. i dont see it as something that happens everyday but when it does it rocks. This is my own personal discovery oh. any objection is welcomed.. i hope you now understand...

thanks for d lnfo

OliverPin: there is something i understand about the jpy pairs just about this week. when the jpys are bullish if you want to get the best trades just look for a pair that is bullish against the usd and trade the pair against jpy and you will see magic it also applies to bears. thats the reason ej is in range. assuming jpy pairs are bearish ej would have dropped nothing less than 200pips. exacly what GJ did two days ago, all jpy pairs were bearish and gu too bearish. i hope you understand what am saying. this strategy made me take AJ buy yesterday(for the first time) which gave me 80pips.

Pls explain More. i dont understand

harizonal123: www.100forexbrokers.com/no-deposit-bonus

That is GLORIFIED DEMO

[quote author=harizonal123]wicked fellow [/quote
ignore mode activated [quote author=harizonal123]wicked fellow [/quote
ignore mode activated

gigfx: oga forexprophet ur own LR still dey work.

gigfx: oga forexprophet ur own LR still dey work.

Fxwarrior: Brothers please I need a good Samaritan to help me with $20 forex capital.I use forextime but if you want me to open account with your broker I would do so.God bless you.

Send me ur LIBERTY RESERVE account no. so dat i wil send it to you. pls make it fast thank.

PLEASE IF YOU HAVE NEVER READ THIS,READ IT URGENTLY. by neil fuller
Stop-hunters love day-
traders
Day traders naturally have stop
losses closer to the market price
since they are typically trading
intra-day charts and trying to get
quick gains with tight stops. The
“big boys” and institutional
traders love the average retail
day-trader because they give
them plenty of stops to “hunt”.
Being a day trader and entering a
lot of trades each week means it’s
a lot harder to have a high
winning percentage, largely
because you get stopped out so
much. Institutional traders have
access to information on order
flow and where stops are placed;
it’s not only brokers who go “stop
hunting” but the bigger
institutional traders who can “sniff
out” where the smaller intra-day
traders are placing their stops.
Have you ever noticed how if
you try to trade intra-day the
market tends to hit your stop
and then reverse back in the
direction of your initial
position? The more day-trades
you enter the greater risk you run
of getting “stop-hunted” by the
big boys.
Example Of Stop Hunting
In Action
In the chart example below, we
are looking at a 15minute USDJPY
chart from earlier this week. Now,
had you been trying to day-trade
this 15 minute chart you probably
would have talked yourself into
trading all three of the pin bar
setups below…
Example of How To Avoid
Stop-Hunting
Now take a look at the daily
USDJPY chart below…none of
those 15 minute failed pin bar
setups are even visible…by
focusing on the daily chart you
give the “stop-hunters” less prey,
and you save yourself money,
time and stress:
Market Noise: High-
frequency and quant
algorithm traders hurt
retail day-traders
With the advent of high-frequency
and quantitative algorithmic
trading, we have intra-day charts
that are full of false-signals and
what I like to call “market noise”.
A retail day-trader in today’s
markets has a much tougher time
trying to turn a profit than they
did even about 10 years ago
before all this high-frequency
computer trading was so
prevalent. These high-frequency
traders have what is essentially an
“unfair” edge because they see
the data that we see but a lot
sooner. (you can read an article
later about high frequency trading
here ). This type of trading has
really changed the “nature” of
intra-day charts from what they
used to be, making them more
erratic and less predictable, which
obviously makes it a lot harder for
the average retail day-trader to
read the chart…
Note all the “noise” on this
chart…it’s a 5 minute chart and is
only showing about a 15 pip
range…this is a very messy and
difficult chart to try and trade…
notice all the failed signals and
“shake outs ” that occurred…this
type of trading will chop your
account to pieces very fast
This is another reason I really hate
day-trading; who wants to try to
sift through a sea of false-signals
and market noise when you can
so easily “smooth” it all out by
looking at the higher time frame
charts? As some of you know, I
only teach and trade on time
frames above the 1 hour, and
even the 1 hour is not a time
frame I personally trade very
often. The 4 hour and daily time
frames are my favorite, and I
really consider anything below the
1 hour to be trading account
“suicide”.
Filter out the “B.S.”
Day-trading ingrains and
reinforces the “more is better”
mindset which is basically
gambling, instead of the “less is
more” approach of swing trading
the higher time frames. As we
have seen, today’s retail day-
trader is up against some pretty
stiff competition in the form of
super computers and algorithms
that are programmed by math
“wizards”. Why waste your time
and fry your nerves trying to
compete against such players with
this type of unfair advantage
when there is a much easier and
more lucrative way to trade?
This is why I trade the 4 hour and
daily charts; they filter out all the
“B.S.” that happens on the small
time frames as a result of all
these super-computer-math-wiz-
algorithms. I guess if I really had
to explain the difference between
day-trading and higher time frame
swing trading it would be this;
work smarter, not harder .
Trading on the higher time frames
and ignoring all the chop and
“B.S” that day-traders try to deal
with is really how you trade
smarter. If you want more
training and instruction on how to
trade “smarter” on the higher
time frames, checkout my Forex
trading course and members
community for more info.
Good trading, Nial Fuller

naijababe: I would happily accept soft copies

NO LONGER INTERESTED........I HAVE STARTED DOWNLOADING THE ONE I NEED.
Just type PDF wit d name of d one u need and GOOGLE IT to get it free of charge

meshpips: Someone just sent me a mail asking if he can use my signals on an account size of $150.
EMPHATICALLY YES!
Many years ago, I traded on such micro accounts. At that time, my trading system was not even this precise yet I did commendably well trading those micro accounts.
Find attached some of my trading statements from back in the years when I was still trading micro accounts.
Happy viewing!
Meshach

I PROPHESY........WITHOUT THAT 5DAYS PROOF , THIS THREAD WILL SOON DIE...........mr. DEMANDAPOLOGY MESHPIPS

LAST MONTH also closed as a pin bar dat did not hold.....i guess traders who followed it SHIVERED

OliverPin: hmmm UJ monthly candle don turn pin bar. haha meeehn brokers dey shiver right now

I VOLUNTEER TO BE PART OF THIS GREAT EVENT. I HOPE IT KICK OFF SOON.........my oga surveycash how u dey? am in lagos for now......thank you for introducing and training me to/in forex 5years ago

surveycash:
I share your passion to assist those interested in learning this business and I commend you for translating the passion to action by releasing your resources to the cause. I awaited my elders in the biz to mount the podium and take the training so I could sit back and learn from my masters but yet so see a volunteer. With all humility, I offer myself for the event, though I'll prefer to be a co-anchor than the lead speaker. We can make a mega event by advertising in papers and inviting the media houses to cover the event. In fact, we can set up a planning committee to plan a grandeur event. We CAN & we WILL make it happen.

Hello interested traders
This thread is dedicated to daily and weekly analysis for profitable trading. I will b based on a very potent strategy with 80% hit rate. pls do not comment on dis thread about any other system except d one we are discussing

rozay am waiting

When i was a specialist in blowing account,........MY WIFE USE TO ASK ME THIS QUESTION AND I WILL KEEP QUIET AND TRY TO CHANGE THE TOPIC..............ANY TRADER THAT STAMMERS WHEN YOU ASK HIM OF HIS ACCOUNT BALANCE......IS NOT YET MAKING PROFIT IN FOREX

JUST SAW THIS.......FUNNY BUT TRUE......ROBOT TRADERS....WHEN WILL THEY LEARN

[quote author=St_Black]im new to forex and as interest in d stuff. but my main threat is d lack of experience and fear not to lose money profusely(if i end up starting it). pls i just some few words of thumbs up or down from you (or anyone) on whether i shuld join d train of FXers or not think it!. also,i like to know whether its spins enough kudi or not. tanx[/quote]PLS DONT JOIN, SO THAT WE CAN BE ENJOYING THE MONEY ALONE

learner1: Any I added more fund to the account which makes it worst. It was 5 micro lots... as the last i checked, It was in profit of 35$ because i trade support/resistance there is one indy i used. Trouble started when i wanted to close before 1:00pm requoteeeeeeeeeeeeeeeeeeeeeeeeeeee and bye passed my stop. what an evil world

Oh so sad the EJ would have net me 75$ by now today look at the price now

PLS I WILL ADVICE THAT U TAKE A BREAK.........RESUME TRADING MAY BE IN A MONTH TIME.