₦airaland Forum

Donvic4u:
Why are you using Fibonacci expansion?

databoy247:
Thank you very much for your explanation. Things are beginning to get clearer.

The next question is. What leverage and lot size do I need to risk just 5% of my trading capital? If I am to deposit $100.

databoy247:
Hello people. Please I am VERY new to Forex trading.

I have been learning via YouTube and reading materials, and I have learned A LOT (no money to pay for any school). I have understood to a large extent, the strategy I want to focus on (trends) and build my trading.

I have taken my time to learn and understand how to combine ADX, Moving Averages, Pabarolic SAR, and RSI, to determine trends, and then I also learned to use Support and Resistance to determine market entry (though still a bit tricky for me). My demos have been consistent with profits using this trend strategy.

MY MAIN PROBLEM:
I just can't wrap my head around the concept of leverage, margins, lots sizes, and volumes. No matter the book I read or video I watch, it's damn too confusing. So I need help.

I need someone to explain it to me using a VERY SIMPLE language that a 5-year old will understand.

E.g. If I want to start trading with $100, do I use leverage of 1:50 and a lot volume of 0.02?

I have heard a lot about risk management and how not to use above 5% of your trading capital. Now, what leverage, lot's size/volume do I set to trade with 5% of my trading capital per trade?

Please gurus, your help will be greatly appreciated.

Allem:
boss good day, I want to open a live account that allows 0.01 lot size in indices, which broker can you suggest?

VeeVeeMyLuv:
Let's see your performance in a tight ranging condition

mohd001:
OK.. have u ever withdrawed from eaglefx before? How is there service?

mohd001:
please guy help me out. which best broker can you recommend for me?? because for me I basically use ALPARi.


To just say the truth, I have received a huge disappointment from them. they give me Undertaker's uppercut blows!!!!

I happened to deposited a certain amount of money into my trading account after they fooled me like a slay mama that their service is excellent. unfortunately, I encountered a series of trading failures, but I wasn't angered at all. so I decided to withdraw my funds of 300$ since man self don broke seriously. this issue has happened since 1 month ago


now if I tell u that I havent received my money from them, will u believe me? They r forcing me to upload unnecessary documents b4 I can get the money I sweat for.

profit I no gain, my capital self I could not get it!!! honestly this is unfair. as I dey like this self e dey be like said I don high on Colorado and marijuana .

I need ur help pls

Tonyfx:
AUDNZD just rejected key resistance for the 3rd time on the weekly chart and looks to be forming a sell pinbar on the daily. That's how I analyze my trades I mark key levels and wait for the market to confirm my predictions. That's how I trade, I don't like chasing moving trains

Tonyfx:
Lmao


But keep an eye out on AUDNZD for a sell signal

Karleb:
Stop this.

There is no way that is 2800pips!

boom99:
Ok. I remember using 0.3 then later used 0.5. Domt you think since I seldom make losse. That lotsize is ok?

Mrbillionaire:
No distractions please, let me master my strategy, money wouldn't be a problem

boom99:
I started with 700dollars, grew it to 999dols in one week two days (0.5). Pls someone should help say one or two things on this

Mrbillionaire:
I don't have money now

Donvic4u:
Blank trade...
GbpCad Sell