₦airaland Forum

prettyboey:
Do you have 000 @ 87241 and 100 @ 84848 ?

100 here is 85904...thats what my broker is showing me,might be different from yours though. 000 is correct.

oil made some little changes in the plan...now having a valid 45.59 norm move to do. it might take longer for anything trendy to occur here as price is trapped in a m*f* zone on a daily chart. i hope it breaks as fast as it can though

i am getting ready to sell eurgbp when price comes around .859x area,that will definitely be my personal sell region. let the bulls recover part of their losses into profits a little first b4 the bears hit them hard but atm will be watching the scenario.

JLINE:
its right about time to buy cadjpy...the initial buy at 77.32 but most likely a possible re-test to initiate a buy. the buy is closer than ever.

if you bought here,keep calm as there might be a little re-trace but as the post says its gonna be bullish for a while.
meanwhile,77.9x is the best valid buy point now...waiting till that level is the best option for me to add a 2nd position. when price gets there,won't think twice to hit the buy button.

i just placed a SL on usdchf at 0.9788 and stop at .9840 and TP is open...close trade when price moves 300pips in your favor or you let it run like i will do over here. this trade was supposed to be placed at .9792 but had to reduce it lower cos of broker slippage and spreads.
the stop is around 50pips just in case though.

gbpusd has to touch .31044/.30856 for me to recommend a buy on this pair,for the now will watch while everything play out smoothly. a BL/BS could be placed but it will be better to see if those levels will hold and then take a ride maybe.

How i intend to play it this week and onwards...
first: usdjpy is mostly bulish and i mentioned about a buy previously like 1-2 weeks ago but now uj has a valid 101.074/100.95 move to do that will be the best buy place to take opportunity from in line with the trend. there is a valid 112.xx move to be done on this pair if this bullish move continues which is the most probable to be done.

prettyboey:
Yes bro you are right, more pips to our pockets

sup bro...hope you doing fine ? did you still get on the cadjpy buy we talked about ?

just few hours to market open,this week will be very interesting. more pips as we enter a new month this week.

fxbomovi:
thanks Jline. But let me rephrase d question...
In stocks trading, if it goes against u, ur invested capital depreciates, ur trade wil never be closed forcely. Is there anyway this can apply to forex?

in forex,if it goes against you then you can't take more trades and if your loosing trades are more than your invested capital & profits then everything will be closed out. your trades can be closed forcely too.
stocks is different and it depends.

^^^^ #copied
Margin:
Margin is calculated based on the leverage, but to understand the margin, lets forget about the leverage for now and assume that your account is not leveraged or indeed its leverage is 1:1
Margin is the amount of the money that participates in a position or trade.

for example lets say EUR/USD rate is currently 1.4314. It means each Euro equals $1.4314. Therefore, to buy €1,000, you have to pay $1,431.40:

€1,000 = 1000 x $1.4314

Therefore:

€1,000 = $1,431.4

If you take a 1000 EUR/USD long position (you buy €1000 against USD), $1,431.4 from your $10,000 account has to participate in this position. When you set the volume to 0.01 lot (1000 unit) and then you click on the buy button, $1,431.4 from your account will be paid to buy 1000 Euro against USD. This $1,431.4 is called margin. Now, if you close your EUR/USD position, this $1,431.4 will be released and will be back to your account balance.

Margin Level:

Margin level is the ratio of equity to margin:

Margin Level = (Equity / Margin) x 100

Margin level is very important. Brokers use it to determine whether the traders can take any new positions or not. Different brokers have different limits for the margin level, but this limit is usually 100% with most of the brokers. This limit is called Margin Call Level. 100% margin call level means if your account margin level reaches 100%, you can still close your open positions, but you cannot take any new positions. Indeed, 100% margin call level happens when your account equity equals the margin. It happens when you have losing position/positions and the market keeps on going against you and when your account equity equals the margin, you will not be able to take any new positions anymore.

Let’s say you have a $10,000 account and you have a losing position with $1000 margin. If your position goes against you and it goes to a -$9000 loss, then the equity will be $1000 ($10,000 – $9,000), which equals the margin. Therefore, the margin level will be 100%. If the margin level reaches 100%, you will not be able to take any new positions, unless the market turns around and your equity becomes greater than the margin.

But what if the market keeps on going against you?

If the market keeps on going against you, the broker will have to close your losing positions. Different brokers have different limits for this too. This limit is called Stop Out Level. For example, when the stop out level is set to 5% by a broker, the platform starts closing your losing positions automatically if your margin level reaches 5%. It starts closing from the biggest losing position.

Usually, closing one losing position will take the margin level higher than 5%, because it will release the margin of that position, and so the total used margin will go lower and therefore the margin level will go higher. The system takes the margin level higher than 5% by closing the biggest losing position first. However, if your other losing positions keep on losing and the margin level reaches 5% again, the system will close another losing position.

Why the broker closes your positions when the margin level reaches the Stop Out Level?

The reason is that the broker can not allow you to lose more than the money you have deposited in your account. The market can keep on going against you forever and the broker can not pay for this continuous loss. It makes sense, doesn’t it?

Warm greetings this afternoon.

1799 pages...i had rather start now

hmmm...

currentprice:
there is a sister thread on NL ^{I call it my 2nd home} "stock market pick alerts" is useful

ok...will check it out.

currentprice:
sure brother,,,, currentprice is a living testimony to the nse goody unlike forex,,,, in stock mkt you can take destiny in your own hands,,, how you will do it will depend on your sound financial knowledge instrument above " not all" is very important

here is forex trade alert brother

ok ,i understand what you mean. i will send you a pm at the appropriate time on this stuff but not now. Thanks

currentprice:
if that is true it will really help you make more money... one other real thing you will need most is your financial background to be sound. you need to learn some terminology and their computation e.g EPS, DPS, PE RATIO, PBV, PEG RATION, DCF, ROE and so on

another study again...eps = earnings per share. dps = dividend per share. dcf = discounting factor. roe = return on earnings.
i don't know the rest...bro you just dey make the thing dey hard and i am beginning to loose interest. encourage me small na
i don't know how any of those things work in real life sha,make i no lie. have you trade the nse before ? i haven't and i want to trade it but need a head start,more reason i asked you.

currentprice:
fibo ke

fibo on OANDO ^{wale tinubu go just laugh you} stock

boss jamace your attention is needed here

yeah,same thing someone told me...it works on anything bro be it cfds or anything as long its being traded.
its not the conventional fibs,its edited and tweaked also. i already viewed some data on the oando,gtb,fcmb e.t.c. and it aligned when i did it manually but that will be a lot of stress and work but i am too lazy
prettyboey can attest to the fib too

currentprice:
niger brokers/nse not yet there,, still lack behind nothing closer to charts like mt4. some site that provides manageable chart have commercialise it.

though charts have no much respect on trading Nigeria stock like forex/foreign stocks

ok...thanks bro cos i spent almost all day yesterday looking for charts but none came out. i can't trade without mt4/mt5 as i need to have my fibs on chart. it will be too stressful doing everything manually. 9ja with everything outdated
Thanks

Fido00x:
Thanks JLINE

you welcome bro...just be careful with those sweet talks of helping you trade. if you can,learn how to trade yourself.
that doesn't mean pamm doesn't work,it does. At least this guys result is a proof and he is no longer accepting clients last time i checked though cos he is now trading in millions of bucks just from a hundred thousand bucks.
http://www.forexfactory.com/showthread.php?t=577915

currentprice...are there charts like mt4 for the nigerian stock markets like other foreign bonds in the u.s ?
will like more pay for analyzing for some peeps when i relocate to lagos soon.

currentprice:
true talk brother,,,,JLINE got it wrong ... am sure nobody reported him. even if someone report him Mod can not just ban him like that without read through his post. Mod can not ban a post meant for updating calls.

it most likely JLINE is posting 1 sensible word that got attracted to the Auto-ban. I have been ban several time for adding + to one figure and it took me longer time before I realised that was the reason

try to check common word you used to add to your post each time you got ban and change it otherwise you will continue get ban or you ask mod as fessy advice

this post is minus markets/advertiser ^{your case is different} ;D

lol...bro you just spotted the reason. that sign there,thanks man. i be don dey vex like wetin dey sup self,everytime na so so ban. thankx

Fido00x:
I want to invest in one of the Alpari Pamm accounts. It is managed by someone else

things to consider :
1. do you know the person trading the account ?
2. have you seen previous results the person has traded on a pamm account,i mean profits and loss ?
3. is it really worth it ? i mean the percentage you tend to get looking at the capital investment
4. do a study of the regulations and rules involved on a pamm account as an investor...
There are benefits also but its better to look at the obvious side first,don't get too excited about what they promise to make you.
just my 2 cents though.

Fido00x:
Hello everyone! I would like to know if the Forex PAMM account investment is profitable? I need someone who is knowledgeable in this, to advice me. Thank you

are you a pamm account manager or you wanna invest in a pamm account being managed by someone ?

Feshizzy:
Bros to be honest no one is reporting you.
I was online when you got ban.
If anyone was to be banned, when I probably would have said I fit the bill.
My advise is to talk with one of the mod and they would inform you on how the autobot works.

Regards,
EF

Thanks bro

Lastly,think its time someone grow up...why click the report button ? seems i am becoming a threat somehow to someones biz,don't know but i was just updating my trades when it suddenly refused and i was surprised it was a ban. is it fun to get other members ban like frequently ? its becoming very uninteresting here. i know the 3 monikers that was present when i was updating and don't think i don't know you. just 1 did it and my guess should be accurate enough like 99.9 %.
well,think my 2nd option is less comments and more watching, more pips to you all.

oil is doing just too fine like my previous post on oil said...update might come b4 market open. eu doing cool too,couldn't post this here.
All other trades were closed,no update needed.

JLINE:
best uj buy opportunity next is 100.47,if price touches here then be rest assured ...its a precise entry with 70pips stop,leave tp open maybe till year end grin grin grin
trade triggered...watching mode activated.

like i said,it was a precise entry...trade doing just fine.

JLINE:
its right about time to buy cadjpy...missed the initial buy at 77.32 but most likely a possible re-test to initiate a buy. the buy is closer than ever.

hope you didn't miss the 2nd entry...taking a ride to planet pluto.

JLINE:
bro don't really know,just doing what my chart is telling me...though so far hh and hl are creating on lower tfs too,which will reflect on higher tfs later on by days or weeks but by then price might have gone far too but if this buy works out i should be up around 450+ on the 2 positions by friday next week.
gbpnzd can only maybe do a nice re-trace at .81925 for now,my 2 long positions has a valid target and its still buy....81176 will be where i add the 3rd position later when price hit the mentioned level above and retraces to touch this particular level again.

couldn't take the 3rd position...didn't hit the 450+ too,just around 350+ though.

prettyboey:
GU,H1

take a look at the 4hr tf too...think its more promising though.

prettyboey:
I am looking forward to LONG USDCHF @ 0.963xx

nice trade call.