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3 Months Forex Challenge - Business - Nairaland

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3 Months Forex Challenge by Zamanda: 9:47pm On Aug 15, 2021

1 Like

Re: 3 Months Forex Challenge by CheerfulGiver: 10:10pm On Aug 15, 2021
Joker

3 Likes

Re: 3 Months Forex Challenge by Zamanda: 1:22pm On Aug 26, 2021
Re: 3 Months Forex Challenge by SavageResponse(m): 2:19pm On Aug 26, 2021
Zamanda:
Let me also motivate myself. I have been learning all I can about Forex for the past 3 years, hence the 3 months challenge to build $50 to $5,000. Anything is possible, if you just BELIEVE.

The inspiration is from here; https://www.nairaland.com/6479984/12-months-forex-challenge/8

You must be a magician! grin

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Re: 3 Months Forex Challenge by AK284(m): 4:06pm On Aug 26, 2021
Zamanda:
Let me also motivate myself. I have been learning all I can about Forex for the past 3 years, hence the 3 months challenge to build $50 to $5,000. Anything is possible, if you just BELIEVE.

The inspiration is from here; https://www.nairaland.com/6479984/12-months-forex-challenge/8

If you are really serious about the challenge above then I 'am afraid you have learnt nothing in the past three years.

2 Likes

Re: 3 Months Forex Challenge by Nobody: 5:25pm On Aug 29, 2021
Zamanda:
Let me also motivate myself. I have been learning all I can about Forex for the past 3 years, hence the 3 months challenge to build $50 to $5,000. Anything is possible, if you just BELIEVE.

The inspiration is from here; https://www.nairaland.com/6479984/12-months-forex-challenge/8
What's your target per week or per month and what trading plan do you have to achieve that. I can't tell you it's not possible because I have seen someone turn 100usd to 7000usd in 10days. The general ideology here is that the amount is what you can afford to lose so your challenge is valid.

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Re: 3 Months Forex Challenge by Zamanda: 9:14pm On Aug 30, 2021
Re: 3 Months Forex Challenge by Zamanda: 9:17pm On Aug 30, 2021
Re: 3 Months Forex Challenge by Zamanda: 9:19pm On Aug 30, 2021
Re: 3 Months Forex Challenge by Zamanda: 9:23pm On Aug 30, 2021
Re: 3 Months Forex Challenge by Nobody: 10:16pm On Aug 30, 2021
Zamanda:


The boss of all boss. Though, I don't talk too much, but let me confess first. I respect you for trying out that challenge of yours and proving so many wrong.

Well, looking at that question, I'll say my lot size(s) and leverage will be the determinant factors. So, to answer the question, indirectly; I plan to build d $50 to $500, first, in about a month or less. Then after I soft land the $500, I will increase my leverage to allow me take unbelievable order with 1 or 2 lot size.

They are numerous trading plans (strategy) I wish to adopt, but the number one of them all is Reversal. Enter trades at the earliest stage (according to you grin). So, a lot of execution will be taking place at M1 (Sniper Entry) after observing M15.

Now to answer d question, directly; I really don't have weekly or monthly target. I'll do as my power reach. No be war o!

But then, my oga, no one person know it all. You can still give me a few pointer, pls. And I see Samfelly has taken the lead to create a path and leave a fine trail behind. I wish him goodluck, wit love
Trading with M1 and M15 means you will be trading pairs that has very low spread value.
Turning $50 to $500 is quite huge. You will need to trade alot of lots per day. Have you demoed your strategy well enough to filter out it's weak points?
My earliest form of filtering trades was this: I will place trades on Monday and Tuesday on a demo account. Then on Wednesday, I will look at the pairs that are still down against my trade and place them on the account I want to trade few surer trades. I do this because I trade reversals and trend continuation. So if I place a trade based on my analysis on Monday and by Wednesday that trade is still going deep, I will be confident to enter it again as a first time trade on the live account knowing that the probability of reversal has become stronger. This worked because my strategy generates enough signal. This is just an example of a kind of filter. It was one of my earliest tricks. Though, I don't do that anymore in that manner as my trades strategy keeps improving.
Re: 3 Months Forex Challenge by Krch: 10:33pm On Aug 30, 2021
Good job

Re: 3 Months Forex Challenge by Zamanda: 4:28am On Sep 01, 2021

3 Likes

Re: 3 Months Forex Challenge by samfelly: 4:55pm On Sep 01, 2021
Zamanda:
Okay, bro. I will look into all of the mentioned and work hard on them, wit a Demo b4 kick off with the challenge. I know the sky is big enof for each star to shine, but lets give Samfelly the podium to shine, 1st.

Thank you, big time

Thank you, bro, for the vote of confidence. The sky is really big for all the stars to shine.

One love

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