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European Football (EPL, UEFA, La Liga) / Re: Borussia Dortmund vs Real Madrid: UCL Finals (0 - 2) On 1st June 2024 by Geovanni412(m): 9:42pm On Jun 01
Madrid playing haram ball and winning every single time

This hurts barca fans and man city fans

Another UCL loading for Don Carlo and the boys!

2 Likes

Education / Re: How Do I Boost My Memory Capacity And Reading Hours Time by Geovanni412(m): 12:54pm On Jun 01
[quote author=ditho2017 post=130250614][/quote]

Same username on telegram, dm me there
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 12:36pm On Jun 01
ICTcadet:


Y'all are getting me wrong, all am trying to say is, trying to master one pair is st*pid, I know some pairs trend more than others and when you're trying to pick your pair you should go for the one's that trend the most.


It's only sticking to one pair not mastering one pair, I my self trade only one pair not because its the best. Am so bad that i can't even focus on two pairs at a time.


My observation..

Whether you trade one pair or multiple pairs,

There are certain market conditions that are impossible to have high accuracy trading, with price action.

Anytime market goes below the low of the last 4hr bar of the previous and shows consolidation, predicting how high it will go or if it will be sustained is very difficult to call.

For example: just look at what happened on gbpchf, eurchf, sp500 , eurjpy on Friday especially on the 1hr and 4hr timeframes.

Any day I see sth like this again, I'll either find another pair to trade or go and sleep.

2 Likes

Business / Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 1:33pm On May 30
meshpips:


A quick correction here:
Contract size under symbol properties simply show how many UNITS is one standard lot.

For currencies, we have 100,000 contract size. Meaning that 1 standard lot = 100,000 units.

0.10 lot size will be 10,000 units etc.

If the contract size is 10 that simply means that 1.00 lot size is ten times the price quote while 0.10 lot size will be one times the price quote.

An instrument with contract size of 1, means that 1.00 lot size is equal to one times the price quote.


Ok, well explained, chief

My explanation was very limited to understanding quick risk calculation on USD -based indices (us500, us30) for people that would be surprised to open the same position with two brokers and see different profit or loss scenarios.

1 Like

Business / Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 11:34am On May 29
EFGH:


I just checked, the contract size is astonishing 10!

My stock broker is FBS.

My address is also showing USA, while I used Nigeria as my address while registering with the broker.

I dunno abt the address part, bro

Nothing to worry about

Contract size 10 is fairly ok, it just means if you are an intra day trader (i.e 4h charts for stop loss and entry), for us500, with tight stop loss and 0.01 lot size , the minimum risks you are carrying would be about $3.

Some brokers have contract size of 100 for sp500, hence, the need to check before you trade.
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 10:23am On May 29
EFGH:


Pls how can I check the contract size of my broker?

Contract size is per instrument

For fx, it is uniform across most brokers

For indices or energy, it tends to vary across brokers

Open us500 on metatrader 4/5, click on it, select properties, then look for contract size

Business / Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 8:20am On May 29
Artillerous:
Thank you very much Pro for your special intervention. My FXTM account is now accessible. As for the SCANNERO site, I will get a dollar card. I know it will work. Thank you very much once again

You're welcome

Gtb or uba dollar card should work for most sites unless they require credit cards for payment
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 12:15pm On May 28
Petah:
boss abeg eating he the importance of this contract size?
Thanks Chief.


Check two brokers, deriv and exness, for example

Enter mt5 demo, click on an instrument, and select symbol properties

You will see the contract size there.

Your total risk on indices like us500 is lotsize* price difference * contract size

If you still don't understand, open demo acct with two or three different brokers, and enter trades on indices like us500
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 9:21am On May 28
Donsheddy:


I don't know yet... Results will determine

Broker for crypto you are using?
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 7:12am On May 28
EFGH:
Guys, I credited my account with $26 this morning, to cut the long story short, it was a disaster.

You have $26 and you went to trade xau,

What exactly were you thinking?

Unless you are a scalper, you have zero business trading gold with that money

Check your broker and if the contract size on indices is 1, you can trade that instead or go for chf crosses

0.01 lot size on us500 with contract size of 1 won't cost you more than $0.6 dollars, if you are a day trader.

SUMMARY
*Always check contract size before trading indices
*The higher the contract size, the more your risk
* With such a small acct, preferably focus on trading chf crosses so you have a longer trading experience.

3 Likes

Politics / Re: Paternity Saga: Dora Ezinne Kayode Demands Sons’ DNA Tests From Olanrewaju by Geovanni412(m): 9:16am On May 27
nomorespams:
At the end of the Day, since y'all have brought this to the public court, we will need to see the DNA results from at least 3 reputable hospitals.

However I can bet one of those boys are not Kayode's.

All three is possible

Anybody wey dey watch paternity court shows like Maury suppose understand this movie wey the woman dey play

I'll be shocked if even one of them is Kayode 's son
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 8:04pm On May 26
mrblake:
does fxtm accept big NiN slip for ID verification?

Fxtm has inactivity fee of $10 if you don't trade the live acct after three months

Take note of this

Nin slip should be sufficient but you can still ask customer care , if in doubt.
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 5:33pm On May 26
Artillerous:
I was told that the only way by which i can access my account is by using VPN. Recommend the good one sirs. Again, anything that has to do with subscription in dollars, the site wont open. PLEASE EVERYBODY HELPME.

Here is the thing,

Use Psiphon VPN, you can set it to UK or any other country, fxtm site will open well and you can be able to follow up on your issue with support

Support will answer you on telegram or Whatsapp

As for the dollar subscription, you have to use dollar card for dollar subscription.

There is nothing new with that one.

Btw, which site were you trying to open that requires subscription in dollars?
Sports / Re: EuropaLeague Celebrates Rahmon Lukman's Historic Hatrick by Geovanni412(m): 2:56am On May 26
Maxcollins042:


Your kind must always find a reason to nitpick. Say no to victimization mentality.

Check Lookman's wiki history

The guy only picked Nigeria after getting tired of waiting for England

The English are definitely not happy that they didn't call him up.

Business / Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 2:50am On May 26
janda1:
How do they trade with news and also explain demand and supply

Too many questions

If your problem is spikes, focus on only buying the 12H lows and the area below it

Use 12H chart mainly.

Also, stop posting crypto screenshots when asked about your win rate.

If you had a trade diary, you would be able to give clear numbers.

Use Google docs or ms word and start a trade diary documenting all the trades you make .
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 2:45am On May 26
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 1:32pm On May 25
Cashhy11:
All of them mostly. I've always been a fan of currency pairs, because the price action just look smooth to me. I don't like too much volatility, that's why I even worked out a system that doesn't need news to move.

I traded US30, Nas100, S&P500 and Gold, check their chart history and see how often they spike even without news events. These spikes will breach the lows or highs before reversing to the technical direction. Same as Jpy pairs.

I will have to use wider stops to trade them comfortably, or once I have a direction bias, I wait for that last spike to happen before entering. We all know how stressful that will be waiting for it, time consuming and how many trade opportunities that would be missed by doing that alone.

The stress was just something I feel I can avoid by just deleting them instead.
About the time I usually trade the index, I only trade London and the New York session.

Interesting.

I see the spikes you are talking about on the 4H chart

However, spikes are minimal on the 12H chart and market looks much smoother.

Perhaps, considering this might give you what you want out of indices.
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 10:24am On May 25
Cashhy11:
I like that If I want to lose a trade, at least let me see price action taking me out. Give me chance to close trades before hitting stoploss when I see how structure is beginning to change and going against me, not one rubbish 5mins marubozo candle taking me out like it's common with those indices, and gold too.

Like that EurGbp I lost yesterday, It offered chance to manage the trade, unlike those indices. Even Jpy pairs, I avoid them like Ebola. No news and you'd see them spike 200pips in 5seconds at a go. With my lot sizes, imagine being at the wrong side of such a trade, and my SL jumped, daily drawdowns breached just like that.


Which indices dey show you shege like this, abeg?

Also, what time do you usually trade the index?
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 4:11pm On May 24
LordBillionz:

Alright, thank you.

But I want to ask, is the chart on demo account real or simulated?

From your question, I'll honestly advise you to not fund your acct with any broker

Asking this question means there is a lot of information you don't understand like overnight spread or slippage or commission or correlation.

Charts are the same everywhere.

If you have any more follow up questions, please use bard ai or chatgpt.
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 7:26am On May 24
Artillerous:
I CANNOT LOG INTO MY FOREX ACCOUNT NOR PURCHASE ANYTHING ONLINE AGAIN!!!

Explain what you mean, chief
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 1:46am On May 24
LordBillionz:

Alright but can you recommend one a beginner can use?
I'm just starting.

If you want a personal acct with a broker, then get one.

Sign up for octafx, FBS, hotforex, exness, deriv and get demo accounts with them

On the demo accts, check the conditions for trading indices on each of them - contract specifications for indices depends on your broker and this in turn affects the risk carried by your trade.

You can check contract size and minimal volume by clicking on properties of the pair you are trading.

Take limit orders on the demo accounts on mt5 and see the risk involved with each trade.

Also, trade the news on this demo acct, especially CPI and NFP.

This will enable you to know if your broker has slippage and how bad the slippage is.

After testing all of these, you can come back and ask people about funding personal accts on the broker and how swift the payment is.

1 Like

Business / Re: CBN Governor Cardoso Blames Naira’s Fall On ‘Demand Season’ by Geovanni412(m): 1:23am On May 24
Ofunaofu:
Right now it's the turn of “seasonal demands”
to be blamed as the reason our Naira is crashing and becoming worthless

It's now so obvious that Tinubu with his patch patch CV CBN governor got absolutely nothing to offer

What you guys don't know is this...

The real beneficiaries of inflation are the government and the CBN

They only pretend to keep things under control.

Why is it that with 'demand season' , they haven't decided to reduce the number of workers on payroll in the ministries or the salaries of public officials?

This video will enlighten you further on the truth about inflation and monetary policy


https://www.youtube.com/watch?v=0M58kxzqx-k?si=wnHXyDFR-YD3M5yR

1 Like

Sports / Re: Lookman Makes History, Hits Hat-trick As Atalanta Win Europa League Trophy by Geovanni412(m): 9:18am On May 23
saddler:
lipsrsealed



How did Leverkusen open the scoring?

Critical error.

Maybe dem no pay their copyeditor in full.

8 Likes

Business / Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 6:52pm On May 22
FOMC NEWS is in 8 mins

Tears or smiles...we shall see
Business / Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 7:47pm On May 21
GabsonFX2:
Discussion & Analysis
Someone should check GBPNZD on D1, and analyze. I see a potential there! kiss

Let's see what you see.

News will affect it by 3am ngn time when new Zealand monetary policy Statement will be released

Looking at the structure, it would be a bad idea to buy at the top of today's high

Any buying should be towards the center or low of today's daily bar and preferably after the news

Any plan for selling gbpnzd should be put on hold until market shows consolidation and bearish bars for the first 12 hrs of tomorrow

The best play for gbpnzd for me is to wait until the first 12 hrs bar prints for tomorrow.

2 Likes

Business / Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 4:08pm On May 21
samfelly:


Our only FTA's/resident Prof., I dey believe you, sir. Thanks. Greatly appreciate this diversion therapy you suggested. Will take it up

You're welcome, bro.

We all learn everyday.

Do give us feedback on any difference you notice psychologically after a week or two.

1 Like

Education / Re: Teacher Arrested For Flogging Pupil To Coma In Anambra (Photos) by Geovanni412(m): 2:33pm On May 21
being:

There is nothing provocative about beat.. were u not beaten when u were small or do u belong to Gen alpha?
Beat... but u are not beating to kill... but u shoild beat! U go and try to caution a 1 yr old not to go near hot water and let's see how that works.
Infact it's when u beat the 1 yr old that ur caution next time will be taken seriously cos he knows what u can do.to him next

It doesn't work that way all the time

Good parenting is about knowing your child individually

Some children need serious beating to hear word

Other children need verbal dismemberment for them to listen

It is a delicate balance for the parent to navigate.

1 Like

Business / Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 11:23am On May 21
samfelly:


A short/long break would really help the psychology small o, but addiction no gree me see am take cheesy

If you find yourself feeling proud after a good trade, try this experiment...

Focus on learning a new subject of interest every day at least for 30 minutes.

For example: You can start watching videos related to Austrian School of Economics or philosophy or even football tactics

What you will realize is how much you do not know about the new subject area - this will humble you.

Learning about this new subject area of interest is a healthy distraction which will provide you an avenue on what to think of whilst your trade is running or in profit.

2 Likes 1 Share

Business / Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 10:03am On May 21
Jameselias:
FFT

Step to claim free acct:

Business / Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 1:02am On May 21
Artillerous:
Please House i need an assistance of VPN

Psiphon is free.

3 Likes 2 Shares

Business / Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 6:30pm On May 17
frostguy:

Are you presently trying to stay above the current financial crisis rocking this Nation (Nigeria) and have tried
different online business (including Forex) and probably tired of loosing your hard earned money. Well you are in the right place because I've got the solution you need.

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informing you that a valid trade is formed, immediately click on that currency pair and enter the trade .based on the either the Chart Markup Parameters displayed on the chart or via a visual representation of the signal parameter( i.e Buy/Sell Entry Line, TakeProfit Line and Stoploss Line)


Conclusively, after an encounter with Pips2Cash Signal generator, you will agree with me that this amazing software guarantees total financial freedom and also avail you the opportunity to live the life you've always dreamt of( exotics cars, mansions travelling etc.) . So if you among the serious 20 individual that really wants to change of life kindly submit you email address you i can send you a trial version that you can test it for a pre-defined days.


Why not use it to become a billionaire in naira then share it with us at a higher price?

If it works that well, I am sure banks will pay big money for it.

3 Likes

Business / Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 7:06am On May 17
Don't be quick to part money with anybody to learn trading or any business

The guy in the post below lost 17 million naira to a popular forex trader on Twitter...

https://twitter.com/JJExclusive1/status/1791189050252042698?t=4qHx6Mm5XnQkG7-X4eWYcQ&s=19

5 Likes 1 Share

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