Friday 11th, February 2022

⚓ FUNDAMENTALS ⚓






⚓TRADER'S SENTIMENT ⚓






⚓ CURRENCY INDEX ⚓

HOLYGRAIL.

Trading is not a get-rich-quick scheme.
It's a logical fallacy. It is untrue.
It's a bad way of thinking.
It's a load of nonsense.

Work on your Emotional Balance, Patience, and Psychological Stability.
Keep your cool and don't chase Price.

Finally, Sound Risk Management is what allows it all to happen.

You will save a lot of time and money if you manage your risk, and you will be unconcerned about what the Market does to you.

The industry guideline is to risk 2% of your capital per trade. I utilize 1% for each trade position.

But, because you want to show your friends that you're the finest in town with your Rolex watch(es) and fleet of cars, you go home broke.

Be prudent.
Stick to the guidelines.

Human psychology is a food source for the market. You will worry less and build patiently over time after you have the correct Risk Management in place.

With a risk of 1-2 percent of your cash, 25 pips per week guarantees 3-6 percent in a month. That's a good place to start.

With a capital of $1,000, you will be a millionaire in USD in ten years.

Take advantage of such discipline. Greed should be avoided.
There is no other way to put it.

Adieu.

HOLYGRAIL.

Trading is not a get-rich-quick scheme.
It's a logical fallacy. It is untrue.
It's a bad way of thinking.
It's a load of nonsense.

Work on your Emotional Balance, Patience, and Psychological Stability.
Keep your cool and don't chase Price.

Finally, Sound Risk Management is what allows it all to happen.

You will save a lot of time and money if you manage your risk, and you will be unconcerned about what the Market does to you.

The industry guideline is to risk 2% of your capital per trade. I utilize 1% for each trade position.

But, because you want to show your friends that you're the finest in town with your Rolex watch(es) and fleet of cars, you go home broke.

Be prudent.
Stick to the guidelines.

Human psychology is a food source for the market. You will worry less and build patiently over time after you have the correct Risk Management in place.

With a risk of 1-2 percent of your cash, 25 pips per week guarantees 3-6 percent in a month. That's a good place to start.

With a capital of $1,000, you will be a millionaire in USD in ten years.

Take advantage of such discipline. Greed should be avoided.
There is no other way to put it.

Adieu.

amolak:
Is there any Forex Trading floor in Nigeria?

There are lots mostly in notable cities like Lagos, Abuja and Port harcourt but it’s owned by private individuals…

Maybe sometime in the future we go get FTA trading floor

Englishisamust:
Guys in the building. Plz how many pips is this is it 20 pips or 200 pips on btcusd??

Depends on your broker contract size but that’s 200 pips…

Today nor just goes well….

All I can say is fix up next time, it’s not easy for vendors out there and you as a customer having to stress them makes it worse…

Piptocoin:


Come to think of it, the acronym of "Keep Achieving Everyday" makes up the first three letters of your name. Keep winning, too.

Yessir

Nice intuitive thinking, it’s a self proclaimed mantra I hold…

samfelly:


One love

Me sef dey look up to you, bro

Bless up bro, my only prayer is that we all win…

In that regards “Keep Achieving Everyday”

Joelobioha:
is it possible I learn the 3 simultaneously..

Yes as long as you're committed

Here's the Forex thread

https://www.nairaland.com/6918628/forex-trade-alerts-season-22/80

Buy the dip they said

Hero2t:


Sure. I will give your moniker a mention a couple of years from now so we can analyse how much the $20 has grown to.


In my opinion, a business where one can lose everything even if the market price may return to it's original state is not sustainable.

Lol I might have withdrawn it all by then but still thanks for sharing your view

Hero2t:


The simple fact that you can get stopped out of a trade and lose everything including your initial investments.

Even with the best risk management and discipline in place, it is hard to make dependable income from forex.

It is like futures in cryptocurrency. You can get liquidated and receive nothing for your troubles.

The only ones really making money in forex are the brokers.

Well I believe your conclusion is opinionated and on the contrary myself as a case study with the best risk management and discipline you will actually excel in this field of business…

What’ matters isn’t big wins but consistent small wins…

Follow how I experiment and try to grow a small $20 through day by day trades, currently scaled up to $40 in a week…

https://www.nairaland.com/6934060/keep-achieving-everyday-forex-journal/1

infofirst:
I felt a great sense of fulfillment from the contest so far. Great and inspiring news. There will be some mixed results but if only one can get it right through it, It is more than enough. God bless us all. Those putting up a sincere effort to become a better trader should keep it up. Your effort will never go unrewarded . Mother earth never forget.

God bless you more chief, you opened my eyes to what I’ve been staring at for a long time but only now can I see it clearly thanks to you…

Same as Gabsonfx, Samfelly, Piptocoin, Feshizzy, ILoveBigYansh et all

Hero2t:
Financial independence and forex shouldn't be in the same sentence.

Why do you say so sir, kindly vent in details…

VlamesIffect:
Everybody dey drop opinion dey claim pro trader....who come dey lose contest if everybody be pro for here now
Na wa o.

Comrade off your mic

VeeVeeMyLuv:

Amen but my broda e no dey easy o....

If u consider usdcad yesterday & compare with other pairs somebody with little patience might begin to question this career path chosen, or question their ability.

USDCAD moved quite well yesterday if you ask me,I’m in for shorts till the 1.2550 price area