Toks2008: Hello Nairanders,


Preambles

I once read in the Bible that people perish for lack of knowledge. The Bible also let us understand in the book of proverbs that we should seek for wisdom and understanding in all we do.

What i have come to understand over the years is that many people want to be spoon fed and never ready to give what it takes to achieve their goal in life.

The secret to success in life is information. It is what you know that will liberate you or keep you in bondage. the difference between a rich man and a poor man is not really in the money they have but is based on the information at their disposal.

So my friends, the only way you can be succesful in whatever you do is to seek information on how to get the best from it. And to do this, you must either buy the information or search for it.

Enough of these rhetorical,historical and ecclessiastical mumbo jumbo and lets get down to the basis.

TRADING FOREX THE RIGHT WAY

Here i will simply educate you on why many people fail in Forex trading.

1. Lack of proper self training: No matter how much you pay to learn Forex trading, you can't make it if you don't dedicate time for research and self education. I spent days non stop googleing many phrases that points to profitable forex trading.

2. Lack of proper demo trading: Here is a major reason why many people fail and many Nigerians fall prey to this due to the greed enbeded in our genes. You are not surppose to trade live until you have demo traded by opening a virtual account of exactly the amount you wish to start with, make a profit of 300% on it, close the account and do this three times. Then go live. No matter how long it takes you to achieve this, don't go live.

3. Lack of proper trading system: Mnay people talk about using software to trade and i laugh over this. You can't get anywhere by using a software to trade as you will get burnt in the long run. You must as a matter of fact develop a trading system based on combining the right technical indicators and not overlooking fundamental factors like economic news. You can get a daily news release schedule from www.forexfactory.com


4. Using the wrong timeframe:: This is another area where even good traders fail. Many people scalp the market and the bad news is that you can never make it in forex scalping as this is far too dangereous and can wipe out your account in a flash. Some people use a very low time frame to place trades but in my own opinion which  i believe is a trusted one, i would advice that you make your entry with the 1hr chart(minimum) and take profit with the 4hr chart not overlooking the daily chart to know the main trend for the day.  And not knowing the trend is like gambling with your money. the trend they say is your friend.

5. Lack of Proper money management: This is where even professionals fail. I have burnt off over $1600 in just three days using a very terrible money management skill. Infact the only criterium that ensures you survive in forex trading is money management  I can't elucidiate on this here so go google it and read all you can about money management.

6. Trust not in your own understanding and believe in God to guide you: I can't stess this too much, we all know too well never to trust in man's wisdom(ours inclusive)

Thanks

Toks

a good tread here Mr Toks pls keep it up

how costly is it to start up a snailry. How long does it take to harvest?

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Robert Kiyosaki's work in rich dad poor dad changed my thinking about money. Money is good it makes life wonderful.
Its more beautiful when you work less,but the money keeps increasing. Rents, bonuses, commission etc

@ All...sandwich +mtn BIS no longer connects for me. Is anyones own connecting? I seriously suspect mtn has blocked it.

How good is multilinks + sandwich ,any special settings involved?

@wizcoder do u presently use any trusted EA u can recommend to someone?

I mean a system dat does like 80 to 90% winning trades. Tanks

H

@ cupidchika how do i get d mtn BIS settings from u please?

Which networks does it work with? Pls lets get the settings if it works with etisalat or glo. Tanks

Wat is d web-tunnel configuration that works with etisalat now...Mine has not been connecting 4 d past 1 week?

PLEASE PALS HOW CAN I BUY ALERTPAY ON THE INTERNET?
I CAN ONLY SELL ON e-Naira BUT CANT BUY . I NEED TO BUY ALERTPAY URGENTLY PLEASE GUYS I NEED YOUR ANSWERS

okey. how do i get it?

okey

oscarella68@yahoo.com maybe we can email each other

by nairaland or who?

am using Firefox browser

thanks so much. but i dont know how to go about it am on sockslist.com now

i need a USA IP address.how does it work?

its a clean online business. but they said its only usa residents that can do it. i have perfected all other arrangments its only the ip address. this business is very lucreative i will accept partners who can provide infos about the ip address

please how do i get usa ip address and how does it work?