.

PriceActionZ:

Lolz. Why are you always feeling like god of forex sir? As in say na you dey control the market🏃🏃🏃out 😆😆😆

Feeling like a god? Really? I'm a lot of things, but pride is the least of my personality. Why would you even utter such to someone you know little or nothing about?

I've been on nairaland for years now, this is the worst thread I've ever been on. The toxicity is something else, and it's coming mostly from the struggling traders. I wish you the best. This is my last post on this. Happy weekend brother.

demanuel:

Good Day Boss.
If you don't mind, could you please share some of your insights on your own thread? To help those who are eager to learn.

I'm newbie still practicing on a demo and would like to learn from you.

Thank You.

Alright bro, maybe I will find a way to do that. But, please unquote me, some information are not supposed to be online for everyone to see. Modify your post, and unquote me. Thanks brother.

.

Frank571:

Rest

One thing that's funny about this post is that, I'm telling you and other newbies that this stuff is easy and not that difficult as your mentors and your giveaway givers made it seem. But one way or the other you feel I'm spitting sh.it.

So funny, typical Africans that love their leashes around their necks. I hope y'all find breakthrough. If you love this guy's post, I don't even need to know you are struggling, or either you're one of those "OGs" that claimed forex is rocket science. Either way, y'all should have fun before giving up. I'm outta here like others before me. Ciao.

Frank571:

Rest

Okay sir.

samfelly:


Trading is a long journey

That's a fallacy brother. I don't know why the profitable traders like to lie about their experiences. Most of them feel they have to lie about years of struggle to feel big. Total Bull.shi.t to me. My kid bro became a pro in less than a month, though with some little mistakes like news, limit orders mistakes when news comes and widen spread and close you out. etc.

You are no different from me or Jeff, we know the same thing, FX isn't that complex, after spending up to a year on this and the fact that you can backtest makes it even easier to acquire knowledge faster. They just love to brag to make them seem like an OG lol. Typical Nigerian pride.

You have to be consistent with your trade entries, they have to look identical, rinse and repeat and repeat to know your win %. That's all you need brother. Stay blessed.

I remember Dapo claiming to have been trading since 2014 or thereabouts, lol. He should still be in secondary school then yet he claimed to have been trading then. May be he was our own Ibro here. Lol.

Y'all know I don't preach too much, but Forex is so easyyyyyyy. May God open our eyes all🙏.

You need to get to a stage when you know everyday is not a favorable trading day or everyday will never be a favorable trading day.

Then secondly, you need to be cool with not trading for a day(s), even if you're a Scalper or Day-trader. But if you still struggle to accept this simple reality, I think you're not fully ready yet.

Patience is really underestimated in this business.

Lanshile:

😁😁
Crazy game
I know fx is hard but some of us here have paid our dues but fx still wan collect more
I'm highly confident in my skills and I always put money where my mouth is
My eyes are wide open
Let me ask u a question
Will u say Charly20 that ghosted us did not do the right thing in fx
The fact that we all approach the market differently suppose to bring ease in the game as per say we can all decide to sell with different formula and method
Na dat time the trade go buy
The complexity in fx is high

That's why it's extremely rewarding when and most importantly if you eventually unravel it. It's not as hard as it seem my bro. A blind man clicking a random buy and sell with a 1:1rr in the long run will break-even on the average.

Forex is 50:50, that's where strategy tilts the odds in our favor. Any strategy that wins 6trades out of 10 with a 1:1rr will make you profitable in the long run.

Any strategy that can't win 6trades out of every 10trades with a 1:1rr, it's not meant to be called a strategy yet. Like I said earlier, I hope your eyes gets opened soon so you can unravel that what you call this complexity may not be as complex as you think.

Lanshile:
I swear I don tire
After my Nzdusd trade I picked yesterday reversed and hit sl after picking my sell limit order

I actually learnt my lesson yesterday and I learnt a new thing and yeah loss is part of the game but the Nigerian system did not program us to accept loss that much
50 dollar is more than the minimum wages now tell me how much u are willing to lose before milk and honey start to flow
Oloribu Chelsea whey I dey support that suppose to make me happy whey I dey bad mood still dey lose
Things dey for this life I swear

I don't even know how to pacify you my bro, but use Chelsea as case study. If they'd given up this night, they wouldn't have made the come back to turn the game around and eventually won.

Forex is not meant to be easy, it's meant to be extremely hard. However, 5years is quite on the high side. I hope your eyes gets opened eventually soon, and you would only look back and laugh at this comment of yours.

@Nzechu, If there's one thing I admire about you, it's the discipline to stick to your style of trading. Anytime I glance through this thread, once I see "sell to 423", I needn't look the username, I already know it's you.

peteregwu:


Market has been fair to me. Welcome!

Wasn't talking about fairness my bro. But all the same, it was nice hearing from you!

Ibrahimlagosian:
Good afternoon everyone here.

It's been a long time I made a post on this thread.My studies choked up when I proceeded to 200lv , medicine isn't easy but yet, never stopped me from actively engaging in my trading activities.Money must be made in this current era.
I'm also noticing new monikers here.Indeed this shows that the thread is growing as I see 5k pages before the end of the year.gabsonfx,Davigle,samfelly,donsheddy,geedot,lanshile and co, how's the biz going on your side ??

Ibro makanaki, I'm doing my gambling as usual. #TeamS&R. @Peteregwu, how have you been coping with swing these past weeks. The reversal is crazy, I had to start daytrading for the main time.

I strolled here today and just imagine trading advice and method flying around. Any newbie still looking up to this thread to learn more might even come out worse than they were before joining this thread if care is not taken.

I keep repeating that trading is not hard, you are just not disciplined enough to follow whoever your mentor is 100%. All popular strategies online work, the thing is after encountering few losses, people tend to leave the strategy in search of another, and the cycle continues.

This thing is not hard! If you are ready to go bet9ja style, follow all those gibberish plastered here for the past 24hours, but if you really wanna learn and turn it to a living. Reduce your activity here, go back to your drawing board and pick just one strategy and master it on a demo.

Save aside funds to get a 5k prop account only after doing 10% profit severally strictly following your strategy with proper risk management on a demo account.

Whatever good takes time, but it also shouldn't take too much time either. If it's taking too much time, maybe it's time the person changed method. This is not the early 2000s where there was little or zero resources to learn from. With so many resources on the web at this age, it's a disaster if anyone is still struggling 4years+ and still not getting it. Maybe it's high time the person paid all those JeffBen, and HabbyFX mentorship money to cut short the journey.

Online teachings doesn't work for everyone, as learning alone could be hard. If I was a struggling trader after years of non profitability, God knows I would have found money to go learn offline with those guys I mentioned above and make like-minded friends offline too.

See picture attached below, that was what I used as my guard when in I joined forex 2020 after covid era showed me shege. It was a post by Shevychen back in 2017 or thereabouts. Happy weekend!

Geovanni412:


The issue of suicide and emotional trauma

I'd say this, let's not criticise him because you do not know the full story

He only told us part of it, there are probably other challenges he is facing in addition

And if you say suicide should never enter one's mind,

What advice would you give to a terminally ill cancer patient considering suicide?

What advice would you give to a young boy in prison who is being sexually assaulted every night who is contemplating suicide?

There are many other situations like this.

I'm not talking down on him as you can see from the post above. I gave an alternative as to why he should leave this business for sometime to get over whatever it is he's feeling right now.

This is the reality of this business. Go demo and do 10% profit with proper risk 3times in a row before getting a 5k prop account. If you fail. Go back again and trade the demo for 10% profit twice in a row again and get another 5k account. Going through these two phases I mentioned above should take a year already. No one is ever gonna go bankrupt by getting two 5k prop account a year in my opinion.

People are eager to earn in this business, when they haven't properly learned. You have to take your time since you could even lose your money in the attempt of making some. And another point I see people mention here all the time is go through your failed trades during the weekends to see why they failed and work on them.

This is wrong, you will always have failed trades no matter how good the setups or your strategy is. That doesn't make your strategy a bad one or the setups, or you have to analyze why they failed. Before you know it, you start tweaking every weekend to avoid losing. We know how that ends up.

Whatever has happened has happened, I have no control over it. I'm just trying to advise others from going through the same route. I never meant to sound harsh, maybe I just didn't know how well to pass my message across enough.

How are you doing by the way Geo?

@James. I'd made up my mind not to ever comment on this thread again, and just read here every few days when I'm less busy mainly because of just two or three good traders left on this thread.

When we preach about learning before earning, some idiot.s would come out to say we are wishing them bad luck, meanwhile it's quite the opposite! For you to even contemplate on suicide shows you are weak to handle trading emotional trauma. So I'm sorry, it's better to just quit and start over and leave forex alone. It's one of the hardest job in the world.

It's not that you won't make money if you don't really understand it, but you would also lose the money you've got because you don't understand it. It's just advanced gambling in a lay man term.

What do you do now? Pick yourself up and leave fx for some time and live your life for the outside world, find and get a real job to get by. I would have loved to put you through in my own little way, but you are too emotionally invested that I doubt any mentorship or advices would work for you currently.

To the newbies out there, this is the reality. Forex money is real, you can see the money, but touching and getting the money is another thing. Know this and know peace!

It took me three months, it took some people years. And it took some people forever and they still didn't get the hang on it. Not everyone will make it. It's just the harsh truth no one is telling you about forex. Look around this thread and see examples for yourself. It's just full of below average and struggling traders.

If you are ready to learn, really learn. Follow Chris Capre, 2ndskiesforexdotcom and learn price action with support and resistance. I don't know how long it will take you, but please follow him like a sheep or Jon Snow that knows nothing, and learn everything from him.

I won't advise you pay for the mentorship program, quite expensive. I didn't pay, and yet I learned everything from him. Forex is majorly about buying and selling, so you should majorly be looking for buying opportunities at demand zones and selling opportunities at support zones. I don't know why this simple reality is hard for the average traders to follow.

Screenshot of just two trades picked up today at the resistance zones with about 30-40pips stoplosses.

Germany vs Argentina 2014, and that Gotze goal almost cut my fuse. Argentina style of play that year also didn't help, they were like Athletico Madrid. Defending and looking for counter attacks, against a german team that just devoured Brazil, 7-1 in the semis.

.

geedot:
About what I saw and why I'm buying. Since I trade from zone to zone, I believe since market hasn't gotten to my next resistance @1.67×, it's not done yet, it's just resting to pick up momentum before rising again.

See how the market broke the 1.64× and even moved about 200pips above it. It has rendered that resistance useless according to my strategy. So I believe there's nothing stopping it from getting to that 1.67× zone. Even if it will sell, the sell should start from that zone.

That 1.64× zone was a support before it broke it and turned it to resistance, now it's broken again, I believe it should act as support to catapult price to the next resistance. All these are assumptions by the way.
The trendline is the only obstacle I'm spotting that might cause some hindrance, so I set my TP there instead. Once it's about to hit that trend line again, i wanna get out.

It did come to that support truly and respected it and pushed up as I anticipated. So let's keep fingers crossed. This week will tell us whatever plans EA got for us.

I'm currently not at home, would have loved to show you the screenshot on my laptop instead. I hope this mt5 is enough.

EurAud eventually played out after kicking me out on Monday. I entered earlier than usual. The main point is my bias did play out and that's satisfactory enough.

geedot:
NzdUsd for those interested. Still fresh, it hasn't gone far too much for anyone to still join.

Currently running 60pips in profit. 0 drawdown from point of entry also, so SL has been adjusted due to yesterday's high being just news spike. TP also reduced to 100pips as there's some former resistance that might wanna act as support around that 0.60× zone on the H4 timeframe that might disrupt the bleeding to the downside.

NzdUsd for those interested. Still fresh, it hasn't gone far too much for anyone to still join.

dmahn:


Agba trader 😂😂😂

Stop acting like a kid my bro, you are still holding onto last time I advised you and you didn't take it well, which I already apologized. Let it slide my brother, only women act this way.

I've been doing this for 3years now and trust me, I have witnessed worse case than this. I got gbcad running on a different account and the profit alone is times two of these two losses combined(EU and EA trades) I talked about here.

I won't roll in the mud with you. To even think someone even liked the post speaks a lot about people here. I wish you all the best my bro.

Euro crashed across board, EA stoploss hit, EU stoploss hit. All last week profit turned to loss first day of a new week. Welcome to FX!

Pclemenza:

Still not helpful. There are just 3 links as I joined yesterday. The picture below shows the links.

Just follow this channel on telegram and get unlimited access to premium courses. This is the username: FOREXCOURSES2024.

Bimmarlykay:


You mistaking it sire... Am tryna see what he saw cus i wanted to test his strategy, my strategy is diff. ;

Same thing I said about learning from Peter, they almost roasted me alive here and saying all stuff about how "profitable traders" don't care about other people's opinions on trades.

I don't know who created dos and don'ts for profitable traders btw, lol.

About what I saw and why I'm buying. Since I trade from zone to zone, I believe since market hasn't gotten to my next resistance @1.67×, it's not done yet, it's just resting to pick up momentum before rising again.

See how the market broke the 1.64× and even moved about 200pips above it. It has rendered that resistance useless according to my strategy. So I believe there's nothing stopping it from getting to that 1.67× zone. Even if it will sell, the sell should start from that zone.

That 1.64× zone was a support before it broke it and turned it to resistance, now it's broken again, I believe it should act as support to catapult price to the next resistance. All these are assumptions by the way.
The trendline is the only obstacle I'm spotting that might cause some hindrance, so I set my TP there instead. Once it's about to hit that trend line again, i wanna get out.

It did come to that support truly and respected it and pushed up as I anticipated. So let's keep fingers crossed. This week will tell us whatever plans EA got for us.

I'm currently not at home, would have loved to show you the screenshot on my laptop instead. I hope this mt5 is enough.

peteregwu:


Bros, I take God beg you, no kill me before my time ooo by comparing me to dapo my mentor. Abeg, dapo is just exceptionally good....show home some respect. Person wey dey manage millions of dollars abroad. Abeg na prayer I dey pray make I reach him level.

You're the one not fully taking advantage of your skillset yet brother. Have you gotten the williscapital prop account btw? I'm getting mine beginning of next month.

Bimmarlykay:


I see...

It's nice with nice risk to reward, will give it a trial...

But what if market ranges,do you stay off,or you buy and sell at support and resistant respectively?

If overall trend in the case of confirming what the weekly/monthly is saying is downtrend, only look for selling when the market gets to resistance level. Don't be tempted to buy around support, don't buy with the hope of it getting to the next resistance. Wait for it if it goes up, if it doesn't, leave it be.

Pclemenza:

I saw the boldened and DAPO WILLIS came to mine. Swing trading is actually a goal. I have his course but not started digesting it.

I wish to trade like him for real, he's so good that I fell in love with him the first time I saw one of his videos on YouTube. That's why I love Peteregwu's style of trading so much too. I even think Peter catches more pips than Dapo. That's how good Peter is.

Bimmarlykay:


You plot support and resistant zone on daily and check weekly for trend,then wait for retest and continue with the weekly trend? Right?

That's just it brother. Watch for the overall move to confirm if the current move is just a retracement that's gonna find support to continue pushing upwards in the case of an overall uptrend.
If it fails, go downward to your next zone to wait at the next support to pick it up again. Trade in a way where only one win cancels out three losses easily.

Frank571:

I just need the link to download it
I think it's about 3gb
Most of the links online are fake

A moniker veeveeluv dropped this awhile ago. So many forex courses there. Dapo's course is there also.
FOREXCOURSESTITANS on tgram.
It's an rar file, so you should have an .rar extractor to unzip them after downloading.

GarkiAccessory:

To buttress your point, some zones are by far more powerful than others, I discovered that when price gets to those zones, it reacts aggressively.

That's the best way to trade for someone that wants to be profitable in the long run. Training your eyes to spot the move earlier is key, because once the move has begun and moved about 200pips already, joining at that time is what make people lose money back to back.

The market is going up, but it won't just head up, some head up straight to the intended direction, but most of them don't, it might come down to retest, giving anyone joining in the middle ab200pips+ drawdown. This is why people are stopped out before market going their way.

This thing is not as hard as people make it seem. It's just annoying seeing people being in this for years, still struggling and trading the same way they have been doing that has never worked for them. I've been preaching it here, I hope those wise enough will follow and ditch their conventional way of trading that's not working, and go back to the drawing board to unlearn and relearn.

It only took me 3months to start becoming profitable and I've never looked back ever since. So when I watch these Instagram reels and those traders make it seem everyone must suffer for years before getting it right makes me wonder if I've been lucky all these while(3 years now).

I advised one dude the other day, he picked offense. I was just angry seeing people struggle for years and they haven't still learned anything all those years. They are still trading the same way they have been doing all these years.

I didn't learn anything too complex, just my support and resistance. There was a time I enter trades with 100pips Stoplosses, but now I've become better as time passed by and sometimes 30pips Stoploss is what I use even though most of my trades last for weeks sometimes.

So when Geovanni was saying yesterday that day traders should not be using 20-30pips SL, I just had to smile. I swing and my max stoploss now is never more than 50pips. The key point is the entry, when are you joining a trade? If I feel like entering a trade now for example when I still make use of 100pips SL, sometimes it will go against me by 80pips+ in drawdowns before it started moving my way. So i stopped entering early, and instead set a buy/sell order 50-60pips away. Still the same method, just advanced entry that I added to my toolkit over the years.

That's why most of my trades always look as if the entries are perfect, because most of the time I miss out on trades, the few ones that comes to me must have been exhausted and they just start rising from where I entered from. I only took 4trades this week and these are the entries. If I want to lose, I lose easily because sometimes market will blast through your stoploss in less than hour sometimes. You just login and see your balance reduced without any trade going on lol.

Over the years I know to adjust my entry point further backward whenever there's an upcoming news on my pair and market is already close to my entry by less than 100pips.
I'm writing too much, I just wish anyone will dissect the message I'm trying to pass and put it to use.

Learn Support and resistance and only draw on the higher time frame. It should very visible enough that it shouldn't take you more than 40secs to a minute to draw. Once drawn, check the weekly to know if market is bullish or bearish, if market is bullish from the weekly time frame, you have to know whenever market hits your support, you should be looking to buy. Set your limit lower than your support, i.e the buy limit should be when market breaks the support, that means you will only be entering the trade when market breaches the support zone. That's why you see wicks beneath support areas and above resistance areas. Market comes there to test and continue it's journey.

You will lose, trust me, but you will win more. One trade for me cover for four losses, and I hardly have four losses. It's easier to pick 250pips up with 50pips SL when the entry below the support for a buy. Sometimes I move it up a bit, it's by years of experience, try setting it below and adjust as time goes by. All the best brother.

These are screenshots of my current running trades entry this week.