₦airaland Forum

Elliotwaveforec:
Short but not strong enough; reversal looms. USJpy and UScad may rise.

Elliotwaveforec:
GBP holding: Strong short for the week

Elliotwaveforec:
EU

Tony142:
A Muslim (swing trader) think his religion is the true religion, while a Christian (scalpers) think his religion is the true religion, while a day trader (Atheist) think all religious are scam


Now which of them is the true religion? Muslim (swing trader)? Or Christian (scalpers) ? Or and Atheist (day traders) ?


A Muslim believe his religion is the true religion does not mean he is correct, why?...because there is different between believe and fact , also saying that scalpers can never be profitable in the long rune is a believe (opinion) and not a fact



If u have never seen a profitable scalpers, I have seen

Elliotwaveforec:
Oil holding, long but not strong for the week; bearish correction is possible

Tony142:
There is a bullish engulfing candle within the last 3 candle, the strong sell u said will only come to pass if the bullish engulfing candle is a false signal

VlamesIffect:
Nigerians & i know someone this or that ..bros show me a scalper legit wey dey solely live off him profit from trading.? I say long run o...scalper fit run profit for 4 months wey make one wrong trade wipe out all him profit + 20% of him trading capital. No carry religion come this matter na finance wey dey talk.

Tony142:
Your eyes can not see your ear, but that does not mean you do not have ear




Jesus said to Thomas "blessed are those who do not see but believe"

VlamesIffect:
Bros you just dey cap...
Na wetin i dey talk be this smfely guy for the contest i just go check him trades now.....he dey take smal smal profits one loss like this na -22%...that one na plus him overall return for last month. Imagine say na real money. No be loss be that...
.....Scalpers trading psychology get as he be....

Tony142:
Taking small profit and having big loses have nothing to do with being a scalper, the problem is that it is because of the type of strategy he is using to trade and not because he is a scalper

VlamesIffect:
so wetin come be scalping? Bros abeg.

Tony142:
[/b]



That is what babypips was made for, go and study

Fxwarrior:
In forex trading, less is more.

1. Trading many instruments paves more ways for losses. You'll be surprised someone trading just 2 pairs may make money than one trading 10 pairs.

2. Trading more days paves more ways for losses too. You'll also be surprised that one that trades 2 days in a week will make more than one that trades from Monday to Friday.

3. Keep it simple. Avoid greed and fear.

4. Keep a level head and avoid noise which can come from fellow traders. I recall making a sell call only for someone else to auto suggest having a buy bias.

5. Finally keep learning. Babypips is not only for newbies.

Fxwarrior:
In forex trading, less is more.

1. Trading many instruments paves more ways for losses. You'll be surprised someone trading just 2 pairs may make money than one trading 10 pairs.

2. Trading more days paves more ways for losses too. You'll also be surprised that one that trades 2 days in a week will make more than one that trades from Monday to Friday.

3. Keep it simple. Avoid greed and fear.

4. Keep a level head and avoid noise which can come from fellow traders. I recall making a sell call only for someone else to auto suggest having a buy bias.

5. Finally keep learning. Babypips is not only for newbies.

lekinz18:
I can relate with your number 4.....I made an analysis of GU to sell massively on Wednesday and USCAD to buy after spotting a massive rising and falling wedge on the 4hr timeframe....so I enter those trades......on posting it to some telegram, people started giving opposite bias that I nearly fall for it,

Inshort ,I agree with all your point....

Feshizzy:
I beg to difer
it doesn't exactly work like this in the real sense,
Everyone has a unique pattern and style,
We are wired differently.
Trading different pair for correlation is a strategy that have worked for others. Just because it didn't work for you, doesn't exactly make it a universal rule to fail.

Trading many days depends on you plan and strategy,
If you tragedy gives you 5 trades a day doesn't mean it would do so everyday,
It's not overtrading, it's over trading when you don't have a plan.
There's different type of trader,
You can't be using a time base trading to factor bases of over trading,
For instance, those men in wall street, can take only 10 trades on a full year, anything higher than that would you call it over trading?
A swing trader can take 5 trades a month, like wise a day trader can take 20 trades a month, and a scalper 50 trades a month. Lol
The factor of over trading should never be time based.
So trading more days shouldn't be a problem of your strategy allows it.

Regards

Feshizzy:
SUMMARY
FTA-NaGrace
Year 1, Week 1

Tony142:
If you want to learn faster go to mt4 and study your charts, why?...because profitable traders can be hardly found on Forex forum or thread



For this reasons I will drop a quote



"95% of profitable traders are not on Forex forum or thread because they are too busy enjoying the fruit of their labour with the little time they have, while 95% of traders found on forex forum or thread are struggling traders" - Tony,142

NetValueFX:

You and all these your yeye quotes. So you mean to say you are not a profitable trader?

NetValueFX:

You and all these your yeye quotes. So you mean to say you are not a profitable trader?

abham:
Hi good evening all. I started reading about forex over two weeks now because my flat mate has been talking about it for a while. I also went through most of the pages on the thread and hopefully before the end of my Nysc service, I’ll have gain grounds with my learning and trade a live account.

Any suggestions for brokers I can setup a demo account with apart from Octafx I currently use. The reason behind this is because I want to start with a small capital on my demo since the demo account I have is large to the tone of $5k and I look forward to starting with let’s say $70-$100 which is realistic for me.

I’ll appreciate your suggestions and secondly how can the data and news from forexfactory[.]com be used to interpret the market if to sell, buy or just observe.

I’ll be asking further questions as to issues I don’t understand as time goes on.

ekesoft:
guy with your $70-100 , practice with your demo properly, adopt a strategy and measure your growth with any props firm rules and how you were able to stay by them ,, then you purchase a large account from them ... like myforexfunds would give you a $10000 challenge account for $84 .. pass it and start earning properly with no stress .. just my advice on the easy route to the top lol

There is no best or worst timeframe, read about trading styles to understand what timeframe fits you.

lekinz18:
@gabsonfx pls I want you to talk about the timeframe question u asked this week...which one you think is the best......thanks

GabsonFX:
Nothing happening on gold since Monday: full of range and spikes........swingers staying aside, for now, is best.

Will check again on Monday

wany:
Gold moves better with fundamentals.wonder why it dropped on Friday 6th,simple fundamental and not your technicals.

Tony142:
I understand your comment, but even if they share their charts here, it is still the same things as the blind leading the blind, why?...because 95% of those who can see (profitable traders) are not here



Show me 5 profitable traders on this thread and I will show u 95 traders that are still struggling on this thread