₦airaland Forum

okeyfx: Hello fx gurus...i longed USD/CAD @ 1.00221 yesterday on my demo where is wise to take profit??...stl a learner

SIG_AJ: WELCOME! well if you look at it properly, that currency pair has been on a downtrend for days n hours what you should really be looking for is selling opportunities.

Closed it @ 1.01988 with a profit of 880$....on demo o

Where all of una dey na??

Hello fx gurus...i longed USD/CAD @ 1.00221 yesterday on my demo where is wise to take profit??...stl a learner

meritdee: I hail you chief

Sir i be ur boy o...

Hello House...Oga meritdee i salute u prof..

wapmasta001: WHO FORCE YOU NAH?? LMAO

My Oga at the top...i remain loyal sir..

irabor001: .......wat is tgif pls brake it down

no vex na jpeg i bin wan talk o...jpeg is the picture format acceptable in nairaland

try converting it to jpeg b4 uploading it

irabor001: .......lol ....am trying to upload my screen shot, but is not working can u help me out wit dat so u can see wat am talking about...still on TOUCHING thingz

irabor001: if no be TOUCH OR NO TOUCH me i no go bet ....if no be TOUCH OR NO TOUCH me i no go bet ....i say, if no be TOUCH OR NO TOUCH me i no go bet ....if no be TOUCH OR NO TOUCH me i no go bet ohhhhhhhhh

If no be rise and fall...my name no dey there ohhhhhhhhhhhhhh

Wapmasta i remain loyal sir...

maxibrainz: If you are not making free
calls to all networks then
you are hmm am giving it
out free of charge if you
are yet to get the steps on
how to make free calls just send your request to my email maxibrainz55@gmail.com, also take note
the MTN magic sim settings
that would enable you to
browse and download
unlimitedly on both your
phone and PC is still
available but you got to pay
a token to get it also send your request to my email
if you interested

Oga maxi ur thread no do you again??

okeyfx: Hahaha...u stl rmemba that lines o...

but na for demo i dey trade am o...

wapmasta001: YOU DON START NEWS AGAIN.......BASE ON 1 OOOOOOO....BEFORE U GO COME WRITE AGAIN SAY...
AS IT WAS GOING UP, I BET RISE....IT NAW STARTED FALLING AND I BET FALL AGAIN...AND IT STARTED GOING UP.....
MAKE I NO HEAR AM OOOOOOOOO

Hahaha...u stl rmemba that lines o...

Sir jsh_eng i see you o...

Taking news trading on demo...

wapmasta001: OKEYFX...NA DAT NUMBER 4 MAKE ME LOSS LOL....GOOD ONE...........

Tnx Boss...

Just saw this nd decided to post it here...
I was thinking about my mistakes and made up this few rules for myself. Believe me, it helps!
1.
Don't Panic!
2.
Price moves the same way also when you don't look every minute. Don't make yourself crazy!
3.
Plan Trades carefully. Better pending orders at a good price than just “jumping in”. Wait for the price to come back, don't enter at peaks just because you're impatient! If the price runs away without you, don't care so much about it!
4.
R/R at least 1:5 (better 1:10)!!
5.
Risk no more than 5% of trading balance if applicable!
6.
When trade goes in the right direction, set stop-loss at least to 0 . Don't place it too narrow!
7.
Raise Stop-Loss if appropriate , but check volatility, don't place it too close.
8.
Use Trailing Stop when not actively monitoring the trade. Also, make it wide enough to not get stopped out too early.
9.
Have some patience, but consider taking profit before it's too late.
10.
When using external Trading Signals, Trade Ideas, etc. don't just trust everything, test signals from every site carefully in a demo account before adding them to trusted signals.
11.
Check external Trade Signals / Ideas by yourself, find your own reasons to enter the trade or let it be.
12.
When you're feeling uncomfortable about a trade, don't trade it!
13.
When you're in a trade and have good reasons to bail out, try to get close to 0.
14.
Plan your Stop-Loss carefully . Don't place it too close. Less lots if appropriate.
15.
Don't change Stop-Loss when the price it getting too close. It WILL fail anyways, and youloose more than planned!
16.
When you feel like crying about your last loss, your risk is too damn high!
17.
When you can't afford the loss, don't take the trade!
18.
Consider using Stop Orders to protect your Profits . Plan them carefully!
19.
Don't use Stop Orders to lock your losses! Just use your SL in that case!
20.
Look if you can find / make something like a “trailing Stop-Order” EA.
21.
Check your pending orders regularly ! Don't getfooled by unintended order execution! Set a reasonable expiration date if appropriate
22.
Try different Strategies. Test them on a demo account before applying for real.
23.
Your live account is holy. Treat it like that!
24.
When having enough balance, split your account .
25.
When trading multiple live accounts, don't use the same trades / strategies!!
26.
Also, with multiple accounts, consider leaving one of them idle , in case of a bad day !
27.
Save some of your Profits to recharge your account in case of a margin call!
28.
Don't risk your hard earned profits! Keep up trading by plan! Be smart!

wapmasta001: AND IF YOU LIKE MAKE U NO FINISH YOUR TRAINING MAK U RUN AGAIN.........

certificate must be obtained this time...

wapmasta001: you better follow me fender to bumber diz time .ma 60secs oooooooo

Yes Boss...

teeboy4x: Market dey 1 side,na RD25 things @d moment

Lolxx...Me na stl member of rise nd fall o...

wapmasta001: you don resume ni??

just comin back frm injury...i dey do warm up to resume nxt week...

wapmasta001: i c am ooooooooo

Greetinx to BIG Boss...

Oga meritdee i see you o...hope say u dey eye ur 1:30pm USD news...

teeboy4x: Prof Meritdee,don't go without dropin sumtin for boys oh

Okey I see u jari,whr av u bin?
U never still repair ya fone?

Boss i done repair am o...hw market na

Hello House...

@malachi2uk y are u diggin up a buried hatchet

...if its conditions is adhered to, our (my) biggest enemy in diz game iz EMOTION nt the strategy

My Ogas in the house, lets nt argue abt diz strategies stuff...the fact stl remains all strategy works well...