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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts: Season 21 (335050 Views)
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Re: Forex Trade Alerts: Season 21 by Donsheddyguru: 5:24pm On May 28, 2021 |
ILovebigyansh: One thing is certain next contest they will still complain... Consistency isn't a small feet... Wether you're gambling or trading responsibly.... Anyone that is consistent is a good trader no matter his style of trading.... It doesn't matter if people see it a gambling or not... |
Re: Forex Trade Alerts: Season 21 by harizonal123(m): 5:26pm On May 28, 2021 |
infofirst: Best set of rules you have created so far but you should have removed gold to create a better and fair level ground for pure forex traders 3 Likes |
Re: Forex Trade Alerts: Season 21 by Nobody: 5:32pm On May 28, 2021 |
GabsonFX: 40% this month doesn't come 10th next month? Is that how we measure consistency though. Even the best of traders at some point experience losses. If losses weren't a thing we wouldn't be talking about risk management. Why do people hedge if the market isn't a speculative asset. And moreover trading CFD is pure speculation because you don't actually own these assets they aren't attributed values when you buy them. 3 Likes |
Re: Forex Trade Alerts: Season 21 by Nobody: 5:36pm On May 28, 2021 |
Donsheddyguru: Why I said let's all agree on a set of rules and keep it fixed for a period of time before they can be subject to change. |
Re: Forex Trade Alerts: Season 21 by femora007(m): 5:39pm On May 28, 2021 |
infofirst:well done. Thumb up for the winners. |
Re: Forex Trade Alerts: Season 21 by Nobody: 5:45pm On May 28, 2021 |
Considering you trade $5,000 LIVE account, would you prefer earning 40% in a single month to blow it the following month? OR earn 10% every month with tested 10% monthly consistency? ILovebigyansh: |
Re: Forex Trade Alerts: Season 21 by Nobody: 5:47pm On May 28, 2021 |
GabsonFX:Hahahaha... Oga someone can make 400pips today and not make 400 pips for one week. You don't own the market. You are obviously new to this. I rest my case. 2 Likes |
Re: Forex Trade Alerts: Season 21 by Nobody: 5:54pm On May 28, 2021 |
This is exactly my point: the person that makes 400pips today or in 3days will decide to stop trading the contest account because he does not want to lose the 400pips in the following week thereby putting others in pressure to catch up with him. Again this is not consistency but gambling as you have already pointed that forex is probability, which you seek....I agree I'm new to this business... NetValueFX: |
Re: Forex Trade Alerts: Season 21 by femora007(m): 5:57pm On May 28, 2021 |
Shevychen2:funny but true |
Re: Forex Trade Alerts: Season 21 by Nobody: 6:10pm On May 28, 2021 |
GabsonFX: I will never advice anyone to look for a 40% ROI in a month because it comes with big risk. On the other hand you sound very certain of the 10% return mothly for a year, which i'm simply saying is not guaranteed. In short personally i have made bigger returns on a real account because i am a news trader but then there are some months you don't do well. |
Re: Forex Trade Alerts: Season 21 by Nobody: 6:13pm On May 28, 2021 |
GabsonFX: Someone not trading when there is nothing to trade is actually the best trading strategy. So someone making 400 pips and not wanting trade any longer is totally up to that person. We all can't trade every damn time. When you win, you let the market play around and wait for another good entry. 3 Likes |
Re: Forex Trade Alerts: Season 21 by Nobody: 6:15pm On May 28, 2021 |
GabsonFX: What if the said person had reached his monthly target or probably didn't see any good entry hence is disciplined not to take a trade, you can't say it's gambling. 2 Likes |
Re: Forex Trade Alerts: Season 21 by Nobody: 6:17pm On May 28, 2021 |
Let us not divert from the current happenings, the contest.....this market is either a buy or a sell, I have seen some in the contest that have made 5% consistently in 3 to 4 consecutive contests, infofirst is one of them; these are people I will reward and not those that make 40% once in every 4 contests....grasp this. ILovebigyansh: 1 Like |
Re: Forex Trade Alerts: Season 21 by Nobody: 6:18pm On May 28, 2021 |
and the good entry does not come in the last 3weeks of the contest month? that person is such an opportunist, a big gambler. NetValueFX: |
Re: Forex Trade Alerts: Season 21 by Nobody: 6:21pm On May 28, 2021 |
This is how I trade, and in fact, I have made the post I think 4days ago where I exited GJ after I met my monthly target. Yes, I stop trading when I meet my monthly target. This is a contest, some will see it as a game of chance to make big profit and run, come next contest but luck is not on his side, falls below 10th or gets disqualified. ILovebigyansh: |
Re: Forex Trade Alerts: Season 21 by Nobody: 6:25pm On May 28, 2021 |
GabsonFX: No one is diverting. You asked a question i gave a practical reply. There was a contest he made a 0.2% in same 2 weeks will you still call that consistent It's not gauraanteed. |
Re: Forex Trade Alerts: Season 21 by Nobody: 6:26pm On May 28, 2021 |
Yes it is consitency, did he ever come negative or blew the account? ILovebigyansh: |
Re: Forex Trade Alerts: Season 21 by Nobody: 6:30pm On May 28, 2021 |
GabsonFX: People have different trading styles. |
Re: Forex Trade Alerts: Season 21 by Nobody: 6:31pm On May 28, 2021 |
Ofcourse, different major trading styles; it does not say someone should make 40% today and blow account next month. ILovebigyansh: |
Re: Forex Trade Alerts: Season 21 by Nobody: 6:31pm On May 28, 2021 |
GabsonFX: You call that consistency. Ok. |
Re: Forex Trade Alerts: Season 21 by Nobody: 6:32pm On May 28, 2021 |
Re: Forex Trade Alerts: Season 21 by charly20(m): 6:35pm On May 28, 2021 |
Since we're talking gold... I think the next gold fall could be at 1920ish... My chart is not detailed enough but the story is there. Then for EU, if the day close outside my anticipated TL BoS, then the story the chart tells me may continue I'm open to corrections... Aim for the new month is to stop being trigger-happy 1 Like
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Re: Forex Trade Alerts: Season 21 by Nobody: 6:39pm On May 28, 2021 |
Will there ever be a contest without 1st, 2nd, or 3rd? there will always be one. I looked through the past 4 to 5 contests and I see that there will ever be 1st, 2nd, and 3rd....hmmm, it means something. |
Re: Forex Trade Alerts: Season 21 by OsinAmaka: 6:43pm On May 28, 2021 |
Congrats to the winners and a very big thanks to the sponsor, BOSS INFORFIRST. Regarding the 0.05 maximum lot size, does it mean that one cannot add to a winning trade after locking up reasonable profits, just asking. |
Re: Forex Trade Alerts: Season 21 by docus: 7:07pm On May 28, 2021 |
For those that have read Rich Dad Poor Dad, Rich Dad said investing is not risky but the investor is risky. So when we apply this statement to trading FX, it therefore means that trading is not risky but the trader may be risky. This simply means a trader can trade profitably and consistently. So therefore trading is not gambling and yes trading can be highly predictable. 1 Like |
Re: Forex Trade Alerts: Season 21 by Nobody: 7:12pm On May 28, 2021 |
GabsonFX:I challenge you to make 500pips every week. |
Re: Forex Trade Alerts: Season 21 by Nobody: 7:15pm On May 28, 2021 |
Re: Forex Trade Alerts: Season 21 by chinonyelum1993: 7:29pm On May 28, 2021 |
Out of 51 contestants, only 12 came out with a positive result, congrats to the last men standing. We are moving forward. 2 Likes
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Re: Forex Trade Alerts: Season 21 by Nobody: 7:34pm On May 28, 2021 |
GabsonFX:It is not off topic, your claim is that someone must trade every week profitably. So I challenge you to make 500pips every week in the coming contest. If you can't achieve that then let people trade how they deem fit. |
Re: Forex Trade Alerts: Season 21 by Benqozenero(m): 7:36pm On May 28, 2021 |
harizonal123: Supported. |
Re: Forex Trade Alerts: Season 21 by situations: 7:37pm On May 28, 2021 |
Am Never Posting US30 tips on here again never going to give anyone here the US30 Moral once i don't post for 2weeks the US30 Moral in here will decrease and everyone go back to their currency pairs |
Re: Forex Trade Alerts: Season 21 by Nobody: 7:37pm On May 28, 2021 |
You did not see the bolded or just feel like arguing. GabsonFX: NetValueFX: |
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