₦airaland Forum

AK284:
From the account you posted below, I am very comfortable with swing trading,but with what I saw below it seems scraping is the way, I have been working on changing to that lately and with some decent results, I got tied down most time with swing trade, naturally I am a very impatient person and it seem that goes well with scraping, but market has taught me patience the hard way,but with some results I am getting from scraping strategy in the last 3weeks I believe it's the deal!
Surely which ever strategy you use,I think it's very important to know thyself

athaliya:
I was 50% trading signals from realtimeforex.com, I was using 0.01-0.35 lot sizes (crazy on a leverage of 1:100), I did intraday trading, short term trades. Imagine doing 20-50lots per day and mostly trading m1-m15 time frames. made 70 - 120% per day (I made losses too on some days). traded 3-4days per week
I didnt know about candles and trailing stops but I drew charts on an a4 paper and read about market sentiments alot from different sites and major world news.
my biggest mistake then was refusing to close trades that went against me as I didnt believe the market could go from 1.1335 to 1.1445 in one day. I got a margin call at $50, it messed up my head, I began making bad trades and the rest of the money went in 2days.

athaliya:
If u can keep the lots that size or that low till u have a good equity, yes u can, just dont try to take pips of .7 or 1 yet even in sure trades cus thats where the problem comes from

Shevychen2:
If the person is a new trader just looking to make money for themselves quickly, then yes it could be frustrating.

However, if the new trader is just focused on becoming good and building a good track record, it won't be frustrating. Especially when they have other means of income.

Once he/she succeeds with becoming a consistently profitable and responsible trader, the small account can open doors to big money. Doesn't have to be yours alone.

5 years ago I didn't even have a personal 5 digit dollar trading account but the progress I made since then as a trader means I now comfortably control 7 digits that I don't even know where it came from and I didn't advertise anything. Today, even if I only make 2% a month on average, I can still end the year with a comfortable 5 digit revenue.

Put the process first and the money will surely follow.

ceejayMAX:
Dem for allow am land for ground,e eye for clear

pascalbenz:
guy just edit the password to abrakatabra and and it wil be over

Tunderr:
I haven't read any ebooks for a very long time. I still find myself roaming about forexfactory sometimes when I'm bored.

It's someone on nairaland that actually directed me to few threads on forexfactory that pave the way for me. So few people on forexfactory trade exactly the way I do right now, some better than others. Dance method.


Right now, I can trade almost any system and be profitable, coz it's not about the system but about the trader, of course, good system will help you.

My mentor "Of course, he doesn't know me lol" on there "forexfactory" average close to 200% a month, withdraw every month and start over again. This alone is unbelievable to a lot of people.

let say I'm a level 2 trader, doing little good, yeah? he was at that same level in 2010. So imagine now in 2018

Tunderr:
You're right, even , more than $500 is better. When the fund is small, there's huge possibility that one will trade with bigger risk which is not so good. With good capital, you can trade slow and steady and still make good money.

But for a new trader a $100 is good start, considering the statistic that all new traders blow their account. So it's better they start with $100 and trade 0.01 lot size, the goal is not to blow the account.

If you get better and doing well, then one can increase the account.

Tunderr:
Some of us are addicted you know, it's like our drug to get high.

I'll probably look for set up tomorrow lol even though I've decide to stop trading for the year. If i see something nice tomorrow, I'll take it. But no trading past this week.

Fxwarrior:
I may be seeing a possible 1400 pips movement in gold

Gold sellstop @ 1245.00
Stop loss @ 1247.00

Target 1231.00

LOVEOFPORN:
I dey bet but e no de enter

incredibleace:
stop loss taken out, price is way over your stop loss now

Fxwarrior:
I may be seeing a possible 1400 pips movement in gold

Gold sellstop @ 1245.00
Stop loss @ 1247.00

Target 1231.00

Fxwarrior:
Gold traders
Tip

1000pips

Sell stop @ 1241.00
Stop loss @ 1243.00
Target @ 1231.00

BullBearMkt:
...you've already lost the trade, your stop loss already hit. lol!

Fxwarrior:
Gold traders
Tip

600pips

Sell stop @ 1237.00
Stop loss @ 1238.00
Target @ 1231.00