₦airaland Forum

Fxwarrior:
Gold Alert

Sell gold 2686
Stop loss 2691

Target 2656

Christmas is set for those that took this trade.

Gold Alert

Sell gold 2686
Stop loss 2691

Target 2656

The best favour your account begs for is not profits but allowing it to see another day by whatever means necessary.

Once it does, it will sort itself out with profits.
Approaching this business with a do or die attitude is retrogressive.

For profitable traders, there are supposed to be 4 possible outcomes after trading:

1 Break even
2 Small loss
3 Small profit
4 Big profit

Your number 1 role as a trader is to protect your account. See stop loss as a friend and not a foe.

Geovanni412:
Bro, that is 10 pips

You can ask meta ai if you doubt me or go to baby pips

11 pips actually.

.46 to .57

Happy trading day

Normally Exness offers $10 as minimum funding and you see the average value in naira when you click on deposit.

I was surprised to see #24 200 as the minimum funding in naira.

I would think that $1 is now #2 420.

Rhado:
I don’t think so sha

Do you still not think so sha?

If not for Mr Powell, this would have happened since.

Friday NFP release will determine the ultimate direction.

This is the time accounts are blown. Gold is begging for freewill donations. I've deleted my MT4 until next week.

I'm done with trading this week. I have made some withdrawals to celebrate myself for a successful week despite gold wahala.

Happy weekend.

Rhado:
I don’t think so sha

NFP and Mr Powell wahala. Market still looking for liquidity.

Exited until tomorrow. That's why stoploss is good.

Gold looks about to sink. Confirmation if it breaks 2640

It could fall to 2615 if sellers are strong enough.

May today bring good pips.

Emmizay12:
Truth hurts
I understand your plight

Dude you need to be humble if you're ever going to break through in this business.

I would have agreed with you many years or even weeks ago but knowledge happened.

What you don't know is bigger than you. I thank God I didn't quit many years ago.

My eyes are now opened to opportunities in this beautiful business.


Let peace reign. Believe what makes you happy.

I think ultimately gold is a BUY but it might see 2630/31 region if 2636 region is broken before push to 2653 region and possibly beyond due to news release.

Gold is looking for liquidity.

It's seeking for freewill donations for now.

Emmizay12:
Ohh I see,,, you are still living with daddy and mommy

Learn how to trade. That will make you sound less stupid.

You either take his challenge or you shut up.

Emmizay12:
See bro I understand that having enough capital to live life is a difficult concept for you to understand..

Understand the stages of a trader
If you tell me you want to live life on trading, it tells me you have your strategy that is consistently profitable... The issue of whether your strategy works has been settled.

I am not talking of whether you can make profit off $200, making a living on trading is a different ball game, changing your life on trading is a whole other topic. Each stage has different requirements

Why do you choose to complicate your life? Dude made you a practical challenge but you prefer to ramble on.

If one is making 20 000 to 30 000 weekly off trading. Are you saying one can't live on it?
That $200 is over #300 000 in case you've forgotten.

When some people still receive #20 000 or less as salary.

Pipsmarshall1:
Losing is part of the game in this line of business. Don't come here and rant nonsense when you knw u lack discipline.
Show me a trader who has not lost b4....learn or perish the market z brutal and cold.

So she was ranting nonsense because she lacked discipline?


You're unbelievable. Ahh! You disgust me with your attitude. This is so unthinkable to me. I never knew shallow beings existed until now.

Pipsmarshall1:
Market doesn't care about my faith. Great traders do the following:
- Manage risk appropriately
- Don't have an ego problem
- Trade a system with an edge, but accept its flaws
- Never stop learning

Even after she said she's lost all her money. You should have kept quiet instead of trying to fleece her at that point.
. You're too insensitive.

successsam121:
Hantec - their rules are simple and easy too

dashboard.htrader.com/purchasechallenge?affiliateId=700

Can you show evidence of withdrawal?

Please is there a reliable prop firm that accepts Naira transfer deposit and withdrawals?

LincolnOnyeabor:
Omo!!!

It's well mademoiselle.

I will advise you to have another source of income and stop being a perfectionist.

Ain't nothing perfect about trading at all.

Just don't give up.

Me too dey use style talk to myself fa

It's the last part for me.

greatcheer:
I have lost everything I have financially and run into deep debts since my introduction to forex.
At this point I have to give myself brain and quit.
I make a little profit in the market and end up parting away with x 5 of profit and capital.
My greed index is too much and as a Virgo am a perfectionist which I think is not a good quality for a good trader.

Justifying your attitude with your personality type is a problem of it's own.

Everyone has their weaknesses in trading but we still find how to deal with it.

I wonder which legal online business that will pay you as the financial markets if you get it right.

Trade only one instrument, delete your trading app once you close your trade and reinstall it next day.

If you trade gold, I can drop you some insights.

Keep on pushing. You'll get there.

Pipsmarshall1:
You have yourself dont lose you.
Because you don't see trading asa business. Its just a stage tho, Once you don calm, you go understandthe business of trading for a living is a different game.

Its just a stage. But what are you doing to stop it from happening again?

Come for mentorship: 50k naira for 10market days mentorship

Don't you have fear of God?

greatcheer:
Yes am using excess now and it's better than FBS and Hantec market

Same here. Withdrawals are mostly processed within 3 minutes.
No silly swap charges and so far they are good with respecting stop lossses unlike most prop firms.

Emmizay12:
There's no problem living off trading
The issue with living off trading is when you are undercapitalised

If as a Nigerian you have $20,000 or $50,000 raw cash in your trading account, how on earth will you not be comfortable making $100 approx N160,000 weekly to cover for feeding, fuel and others. (I'm even being modest)

When you see a Nigerian here bashing the idea of living off trading in Nigeria, he's thinking ur account is $200 and you will only survive 1 month if you are good

just understand that poverty is talking...

Forex trading need skills, discipline and
Capital (not prop firms)
Capital is the 4th most important factor after strategy, psychology and risk management.

I believe one can even trade for a living on $200 account but you really need to know what you're doing to achieve it.

Knowledge and discipline above capital in this business.
Besides working may not necessarily be for the money persay but to keep your mind away from market to avoid seeing what isn't there.

Once you've taken profits, you can call it a day as entering immediately can spoil things or make you give some of your profits back.

Wait for next trading day. Market is not running away.

You can even withdraw some of your profits to flex to know that this is real business and not a game as some call it.

Avoid revenge trading or trading out of boredom. Worst is increasing your lotsize out of anger. Market has zero joy at such moments, panic usually sets in and is that margin call?

Don't have a fixed mind in trading or try to be right. Market can change direction without prior information.

Don't try to increase your stoploss from say 30 pips to 300 pips hoping that market turns back in your favour.

See stoploss as your best friend. Remember you'll make money with time but you need funds to last enough for you to see that favourable day.

Geovanni412:
The idea that you can make money on fx market as a jobless individual is more likely to live you frustrated and suicide prone rather than put money in your wallet

Bills don't respect market volatility and the journey to breakeven is hard, whilst the journey to profitability is herculean

In this t-pain economy, losing money is like using a surgical blade to re-open a healing wound.

This post is underrated. The number 1 goal of a forex trader is to keep his account intact. Profits will come eventually.

Not saying you won't lose money atimes but it's better to lose 30 or 40 pips than to lose 200 pips.

Minimize losses by setting realistic Take profits and know when to break even to avoid losses should in case you're caught in a pull back or correction.

Someone rightly said that nobody really graduates from this business. There's always something new to learn, relearn or unlearn.

To avoid being liquidity yourself, gauge market sentiment by looking at candlesticks and direction before entry. Timely entry is important as some enter when the move is almost wrapping up due to FOMO: fear of missing out.

MeNmyfamily:
Would you advice a new prospective trader to learn Forex or crypto trading? Why/why not?

For me I'll suggest gold because it has both volume and direction.
If you study it's movement you'll be happy for it.

But whatever you do, avoid over trading it( scalping) and big lotsize.
Day trading as one can wake up and see profits disappear.

This is my opinion. Marry fundamental and technical but know that major market participants can ignore fundamentals atimes but that doesn't mean that fundamentals don't work in normal market situations.

Finally avoid selling at a SUPPORT or buying at a RESISTANCE.

Gold Alert

Sell limit 2420
Stoploss 2430

Target 2340

Donsheddy:
Fundednext payout came in today after waiting since on Thursday...
And they also included an additional 1000$ to say sorry for the delay....
Never give up...
At the appointed time you will be amazed at how everything will be working for your favor omor...
Meanwhile gold sell still on..
Maybe make person secure next withdrawal

Congratulations. More wins Don.