₦airaland Forum

OneMillionBTC:
Forex is hard to master but once you master it you will realize how easy it is.

I continued trading forex for over 10 years now because of how challenging it was at a time. It was intriguing for me to see that despite how "intelligent" I am, this guy called forex always found a way to tell me, "you think say you smart"

The difficulty in Forex made it more interesting for me because I told myself something as difficult as this will be worth conquering.

Every Margin call made me sit down again to study. Every weekend was for studies outside the in-between studies on weekdays. I read hundreds of PDFs to understand how successful traders think. Somewhere along this journey I realized every successful trader has to find his path to profit on his own. The PDFs are only guides, you need to find your way to making profit by yourself.

This was when I started forming personal trading systems, writing as much as 20 rules I must observe before entering a trade. The margin calls continued though.

But I kept on observing the times my trading system worked and over time I could avoid patterns that made my trading system not work.

Till date, if I have a negative trade, I study the trade to know why it didn't work to avoid entering such trades next time.

I shared a PDF in this forum some time ago. That PDF helped my journey. I think if you go through the PDF you will understand why some of us who once said "forex hard o" can
now say Forex is easy.

So if you say "Forex hard o" , it is true because at where you are on this journey it should be hard. If also you say "Forex easy o" it is also true because at where you are on this journey it should be easy.

Boss can you please share with us again the PDF? Thanks 🙏

peteregwu:
Don't mind that thing. She is just dancing round my sl.

It is making the move again

samfelly:
Tea, please. With cream and 2 cubes of sugar.

Who say trading easy; make e talk am again, make I break him head

lol 😁😁😂🤣
down a whopping 100 pips on the 1 minute timeframe in a flash/blink of an eye

peteregwu:
On JUMP 50 INDEX, I am going short, my target is 29573.

The way it is going it is heading for 40000

KiowariHeadboi:
How do people on NL always skip PTI when mentioning lucrative agencies? Because the head office no fine like sister agencies? God abeg o, may we not be deceived by looks o😂🤣

😁😁🤣
Please Boss any new development regarding recruitment?

Please help O+ woman Vs B+ man! Any risks? What are the associated risk?

Rr

Eurjpy & gbpjpy buys
look for buy opportunities this week

Davigle:
Ah don go drop review for trust pilot sef, dem must to collect woto woto, operation honey bee strike activated...



meanwhile I'm getting set to long US30, looks like Powell may unleash mayhem in the market today, maybe US30 may do 300 to 400 pips today....🤔

u30 & u100 are primed for sell

moneymagnet:
Volatility10(1s) Index; Potential Buy📈 Opportunity Looming
4Hr Tf👇👇

Boss 👍👍👍

This deriv people have wiped out my trading history from the beginning till February ending, I don't know what's wrong with them

Gold to 2130 happening much earlier than envisaged

Davigled:
Good morning fams, and a happy merry new month to you all. today is Friday, and I won't be trading today, I just want to talk about my performance for the month of February, I'd say my performance in the month of February was better than January and this time around, fortunately for me, I did not end up blowing all my profits, but I must confess that I am a bit disappointed with myself. my goal for the propfirms monthly competition is to see whether I can consistently hit 10% every month, well I did it in January but I ended up blowing all my profits due to overtrading. I ended January at break even. at least I wasn't disqualified and that meant something to me. I also hit 10% on all 3 of my competition accounts, but I still couldn't hold on to my profits because of my nemesis aka overtrading. in the first week of February, I actually hit 10% within 2 days of trading, and I did not gambled if you're wondering, I actually do pyramid into a trade that I am very confident about and it played out accordingly. I was euphoric and I began to gun for 20%, unfortunately I over traded in the second week of February and I lost about 60-70% of my profits made in the first week, that really humbled me psychologically and also emotionally. so I consciously made up my mind to cut down on the trades I took, the third and fourth week of February were pretty good, because I slowly recovered all the losses I incurred in the second week and ended up back at 11%, but unfortunately this week was kind of a stalemate or a pretty bad week as I ended up losing 2% of my profits and ended the month at 9%. I must confess that I am sad that I couldn't hold on to my 10% for the second time again. there are also certain issues that I have note in my trading and I humbly seek the house guidance on it;

1. Overtrading seems to be my biggest nemesis, I went through my trade explorer and viewed my trade statistics for Feb on my Fundednext competition account, I had a total trade of 72 of which 48 where lossing trades and 24 were winning trades, my win rate is 33%, total profits were 29000, total losses were 20000, hence net profit 9000. looking at this stats, I realized that if and only if I could have cut down on the number of trades that I take and really focused on quality set up, then my performance could have been better. although I have started a regimen on tackling this problem at hand and that is to strictly trade Tuesday, Wednesday and Thursday only, every week that's strictly trading 3 days in a week. secondly keeping my daily drawdown at 2% daily, since I risk only 0.5% per trade, that means maximum of 4 trades per day ( two two for the two pairs I trade).

2. Greed: I think this issue is a bit tricky as I'm not sure if it's my greed that hampers my performance at times or maybe it's poor trade management. one of the biggest challenges for me this month was seeing having profitable trades that ended up in losses. that really really got to me. there were countless times I had winning trades that were up 100 pips plus but I refused to close the trades because I was waiting for it to hit tp which always end up hitting my stoploss. my trading risk rewards which I mostly aim towards to is 1:4 or 1:3, but recently I have been thinking of sticking to 1:2 RR. unfortunately my greed won't let me stick to it, I just feel like 1:2 is isn't satisfactory to me, I am confused and conflicted about it.

3. Lastly, I still struggle with indiscipline, as there are times that I succumb to temptations of breaking my rules. like last week, I wasn't supposed to trade on Friday, I broke the rule and end up losing 1%, on Thursday mid morning at around 2am, I was awake and I checked the charts during asian session which I don't trade, saw a very tempting set-up which I took with the hope of making a bad ass killing from RR perspective, long story short, it flopped and I lost another 1%. Lord knows that I beat myself up for breaking my rules at times but I still end up doing it, although I don't break my rules frequently as I used to do before, but I feel like should have gotten to a stage or level where I ought not to break my rules.

So overall, Feb for me wasn't too bad at all, I'm $35 away from BE on my 5%ers, Fundednext Feb comp 9%, TFT Feb comp 6.5%, and unfortunately SFT 1.8%. Now at the start of the month my performance on Fundednext, TFT and SFT, were the same, but along the lines it began to diverge due to some lapses. I noted that it's not easy trading multiple accounts without a trade copier, there times I get sloppy entries on my other accounts because when, I enter a trades on one account, by the time I logged in to the other accounts, price had already moved. I also notice discrepancies in the pricing feed between brokers, there are times that I set limit others, which may get triggered on one account and may not be triggered on the other accounts. All this affected my performance across all accounts and as for the SFT, I actually gambled on it this week, due to the fact that it's the end of the month and it seems to be the least performing account, so I decided to take some big shots on it if it would be in my favor, sadly it didn't.

I'll stop here because I seem to have written quite a long post, but I want to thank everyone here on the community for the value that they keep adding here, I wasn't as good as I am now early last year, but I am much more better than before, I know I am not a good trader but I am seeing progress in my trading journey. I am happy and grateful for having a community that I can commit to and also be accountable to. pls elders in the house do not hesitate to advise, admonish or scold me, as always, I am willing to learn. cheers

👍👍👍
Boss your us100 is sweet to trade hope you got something out of it yesterday?

moneymagnet:
Mt5 needs to be Updated…

Alternatively you can always manually turn it on from settings if it keeps disappearing

Thanks Boss for your reply 🙏
the history has now been restored

Trade history disappearing on deriv

What could be the issue?

Theophinio:
Hope deposit and withdrawal by you are instant

My question is can a deriv agent scam a customer

Did you successfully make the deposit in deriv through this agent?

From Forextime (FXTM)


Important Reminder: Upcoming closure of Micro accounts

We’d like to remind you that we’re discontinuing our Micro (MT4) account on 24th February 2024.

If you missed our previous email, here’s all the information you need to know:



Key Information

From 30th January, if you don’t have any open positions, you won’t be able to deposit funds into Micro accounts. If you do have open positions, you can deposit funds until 23rd February.

•
On 24th February, we’ll close all our clients’ Micro accounts.

•
If you have any open positions in Micro accounts on 24th February, we’ll close them automatically at the last available market price.

•
If you’d prefer us not to close your positions, please log in to MyFXTM and close them yourself before 24th February.

•
We’ll transfer any remaining balance in your Micro accounts (including from automatically closed positions) to your MyFXTM wallet.

•
If you would like to keep any of your account statements, please download them before 24th February.

BBIA:
Just get access to laracasts and thats it.

Thanks alot

👀

GarkiAccessory:
Monthly TF BUY

CRASH 500

Entry: 3400

TP: 3900

SL : 3300

Oh my gawd 😲



I wasn't paying attention, when the trend changed by forming double top on 4hr TF.

moneymagnet:
IT Will reflect as a Dollar deposit of$10 and not a cent account.

Sure you can trade with a $10 quite, altho quite small an amount if you ask me, as such prone to being blown easily but then you can stick with trading least lot sizes on Synthetic Pairs like v75(1s) Index, V75 Index, Jump75 Index; Boom500 Index; Vol50 Index and stay away from the Highly volatile ones

You can join my Free Telegram Channel as i Share Trade Signals on there regularly

Thanks for your candid reply 🙏

However, I must confess that's a little harsh on the traders, deriv can do better by accomodating those with smaller trading capital by creating a cent account.

Boss

I have a question to ask you

If for example $10 is deposited into the deriv account, will the account be a cent account?

How will it be reflected? Will be showing 1000 or 10

Another question is,

can all the synthetic indices be traded on this small account? Because the minimum lot in some of the indices is 1 lot. Some even 2

CryptoFX Exchange no longer exists

GJulius:
New Rate Updates

Due to changes in demand and supply our rates have been carefully reviewed.

RATES ARE SUBJECT TO CHANGE AT ANY TIME...

Deposit = 1450/$

Withdrawal = 1400/$

Thanks for your patronage & understanding....😘

Click the Link below to Open Free Deriv Account…

https://track.deriv.com/_l-4x5hYynMw9F-13urvbiWNd7ZgqdRLk/1/

Profitable trades in Jesus name, Amen.

what's your name as an agent on deriv?

GarkiAccessory:
You should be in good profit now

Trade will be closed when market opens

GarkiAccessory:
BOOM 1000 BUY

ENTRY: 13742

STOP LOSS: 13600

TAKE PROFIT: 14000

Daily TF

Exit at breakeven. trend line won't let it get to 14000

Though it got closer at 13920

Great

Monthly TF BUY

CRASH 500

Entry: 3400

TP: 3900

SL : 3300

BOOM 1000 BUY

ENTRY: 13742

STOP LOSS: 13600

TAKE PROFIT: 14000

Daily TF

Great

USDCAD heading towards 1.32200

GabsonFX2:
Gold is the gem! After 8days of standby

Wuyexzy, your eyes are

Gold has moved and maintained 160pips today

👍👍👍

GarkiAccessory:
GBPCHF SELL

Alert:

SL 1.10300

TP 1.07000

RR: 1: 4.3

You should be in good profit now