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Forex Trade Alerts: Season 21 - Business (397) - Nairaland

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Re: Forex Trade Alerts: Season 21 by ykgold29(m): 7:36am On Dec 03, 2021
Piptocoin:


The spread is the reason for the gap in difference. The spread is the reason that whenever you put on a trade it is immediately negative. Each broker quotes different spreads for different pairs.
Tnx
Re: Forex Trade Alerts: Season 21 by cdec01: 8:10am On Dec 03, 2021
ykgold29:

Tnx

Apart from spread, the value of a pip matters too.

E.G for Eur/Usd, the pip value is $0.1 for a micro lot (0.01 lot size). While the pip value for a micro lot of Eur/Gbp is $0.14.
Re: Forex Trade Alerts: Season 21 by boom99(m): 8:12am On Dec 03, 2021
About selling

Re: Forex Trade Alerts: Season 21 by boom99(m): 8:28am On Dec 03, 2021
boom99:
About selling

In profit. E suppose reach 7pips at least

Re: Forex Trade Alerts: Season 21 by ykgold29(m): 8:47am On Dec 03, 2021
cdec01:


Apart from spread, the value of a pip matters too.

E.G for Eur/Usd, the pip value is $0.1 for a micro lot (0.01 lot size). While the pip value for a micro lot of Eur/Gbp is $0.14.
Gbam, this is it. Tnx a lot. How do I know this pip value so that I won't make the same mistake next time pls
Re: Forex Trade Alerts: Season 21 by charly20(m): 8:51am On Dec 03, 2021
GreatestManEver:
How NFP go be nah


The chart data is conflicting. Cable and fibre are indicating setups for short term buys (which could be influenced by NFP) But $index still indicates dollar strength.

Maybe the Omicron variant saga could be a fine catalyst for short term dollar sell off.

But for my pairs, cable and loonie, I expect the short term buyers to come in today for cable and I expect to see drop in UCAD price. (To discount at least smiley )
Re: Forex Trade Alerts: Season 21 by successsam121: 8:57am On Dec 03, 2021
Englishisamust:
Gasbonfx, what is your take on this??

I think fx choice is a forex broker. Are they also prop trading firm? Pls more info about that.

Still a humble learner.
Re: Forex Trade Alerts: Season 21 by cdec01: 9:33am On Dec 03, 2021
ykgold29:

Gbam, this is it. Tnx a lot. How do I know this pip value so that I won't make the same mistake next time pls

You can use your Brooker's pip calculator.

Or the mathematics can be found in babypips.com

2 Likes

Re: Forex Trade Alerts: Season 21 by boom99(m): 9:55am On Dec 03, 2021
This will sell in few minutes. Finger crossed.

Re: Forex Trade Alerts: Season 21 by MONEY247: 10:11am On Dec 03, 2021
boom99:
This will sell in few minutes. Finger crossed.

Nice one chief...
You scalp the market....??
Re: Forex Trade Alerts: Season 21 by boom99(m): 10:17am On Dec 03, 2021
boom99:
This will sell in few minutes. Finger crossed.


In good profit. Done for today

Re: Forex Trade Alerts: Season 21 by boom99(m): 10:20am On Dec 03, 2021
MONEY247:


Nice one chief...
You scalp the market....??


Thanks boss. Still trying out my strategy, following FTMO rules

2 Likes

Re: Forex Trade Alerts: Season 21 by MONEY247: 10:26am On Dec 03, 2021
Audusd.. your beauty

2 Likes

Re: Forex Trade Alerts: Season 21 by exmaysn12000: 10:34am On Dec 03, 2021
GabsonFX:
Where is the US guy Mario on the top 10, he's gone! Displaced!

Now here we come, today, I got into the leadership board of Top 8 US$100K FTMO Funded Traders in the whole world. I do 2weeks trades + withdrawal, I would have been on the top 2 at least if I was on a monthly cos I already made pass 30% for the month - but it is what it is, top 8 is not bad.


Thanks for your motivation and most importantly, being magnanimous.

Congratulations on your BIG wins, it is really important to learn from your post.

Some takeaway from it include

Discipline - Stick to one GOOD pair, that is very volatile, this requires alot of discipline. Not looking at whatever moves going on in another pair. Gold respects technicals a lot, spotting strong resistance/support and waiting for price action signal on 4H does the magic, of course they will be losses at times, but overall win rate is higher.

Psychology - Here, u stay away from the chart for about 4 hours at least, on interval.... Since entry is on 4H, it makes sense to at least wait for another candle to finish forming before taking any decision to remain in the trade or exit.

Patience - it takes alot to keep waiting for that price action to confirm your bias and not entering trade blindly because we are at support or resistance area.

Risk management - Here, I personally think 1% risk is enough per trade.....

Let's remain focus guys. We can achieve great things together with @gabsonfx

As you were.

5 Likes

Re: Forex Trade Alerts: Season 21 by dennison4luv: 10:48am On Dec 03, 2021
Updated on my ftmo challenge, I just lost the account.
I will start their free trial again, if I make it twice I will go back again to the challenge.

1 Like

Re: Forex Trade Alerts: Season 21 by dennison4luv: 11:01am On Dec 03, 2021
For those that are derailing this trade with their childish talks, please grow up. Let's try to motivate ourselves more like @Gabsonfx and @infofirst do.
Let's put that energy together and make some dollars for ourselves, our families and lives ones. And even make some dollars for Buhari

7 Likes

Re: Forex Trade Alerts: Season 21 by ogashman(m): 11:22am On Dec 03, 2021
MONEY247:


I am trading two bonus account with them... would there be any problems...!!


Why una dey behave like this nah?

Nigerians shaa...it is well

2 Likes

Re: Forex Trade Alerts: Season 21 by ogashman(m): 11:23am On Dec 03, 2021
Kudos to the winners of the contest..... Gabsonfx much thanks for the opportunity

1 Like

Re: Forex Trade Alerts: Season 21 by DarkCaesar(m): 11:24am On Dec 03, 2021
obajoey:
why not try the FBS $50 bonus..

I am using that too.
how do I go about this please?
Re: Forex Trade Alerts: Season 21 by Englishisamust: 11:26am On Dec 03, 2021
successsam121:


I think fx choice is a forex broker. Are they also prop trading firm? Pls more info about that.

Still a humble learner.

No I'm talking about Dt4xtrader
Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 11:41am On Dec 03, 2021
ykgold29:

Ah, am not good to go o
Minus $4 and minus $1.12 with same lot. Am totally confused

It's called spread in fx,
It's like charges the broker takes per trade,
You really need to learn fx.
Go to babypips register and go through the school.

One more thing, don't listen to that other dude up,
He ain't a trader, just a nuisance to the thread
Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 11:44am On Dec 03, 2021
dennison4luv:
Updated on my ftmo challenge, I just lost the account.
I will start their free trial again, if I make it twice I will go back again to the challenge.

I appreciate your update,
Just keep the energy high and keep improving.
Re: Forex Trade Alerts: Season 21 by DarkCaesar(m): 12:04pm On Dec 03, 2021
obajoey:


Just search for FBS $50 bonus account or search for FBS broker, you should see the $50 bonus information on their homepage.
bro I don’t understand how to get the $50 bonus and I already signed up

1 Like

Re: Forex Trade Alerts: Season 21 by djwalata(m): 12:04pm On Dec 03, 2021
dennison4luv:
Updated on my ftmo challenge, I just lost the account.
I will start their free trial again, if I make it twice I will go back again to the challenge.
U deserve a thumb up for taking d challenge in d first place.
My advice though is may b u should try ur techniques more on demo( d same capital in d challenge context with d same conditions) or live acct with low capital b4 giving them ur money for a challenge again.
God will help us.
Re: Forex Trade Alerts: Season 21 by DarkCaesar(m): 12:05pm On Dec 03, 2021
boom99:


How do I go sir
lets refer each other and both earn the $50
Win win for us
Re: Forex Trade Alerts: Season 21 by MONEY247: 12:20pm On Dec 03, 2021
ogashman:



Why una dey behave like this nah?

Nigerians shaa...it is well

I contacted the customer care.....
They said it is allowed......

The level up bonus account which is 140$
(Read terms and conditions anyways to understand it better)
And the FBS 50$ bonus account
Re: Forex Trade Alerts: Season 21 by ykgold29(m): 12:23pm On Dec 03, 2021
Feshizzy:


It's called spread in fx,
It's like charges the broker takes per trade,
You really need to learn fx.
Go to babypips register and go through the school.

One more thing, don't listen to that other dude up,
He ain't a trader, just a nuisance to the thread
Tnx
Re: Forex Trade Alerts: Season 21 by MONEY247: 12:30pm On Dec 03, 2021
DarkCaesar:
bro I don’t understand how to get the $50 bonus and I already signed up


Click on promotions...on the home page
Re: Forex Trade Alerts: Season 21 by samfelly: 12:32pm On Dec 03, 2021
.
Re: Forex Trade Alerts: Season 21 by samfelly: 12:40pm On Dec 03, 2021
dennison4luv:
Updated on my ftmo challenge, I just lost the account.
I will start their free trial again, if I make it twice I will go back again to the challenge.

Oh, no, so sorry, bro.

Wish you all the very very best practicing their free trial first.
Re: Forex Trade Alerts: Season 21 by boom99(m): 12:41pm On Dec 03, 2021
DarkCaesar:
lets refer each other and both earn the $50
Win win for us


I no wan do this one I no wan use 0.01 lot
Re: Forex Trade Alerts: Season 21 by successsam121: 12:48pm On Dec 03, 2021
Englishisamust:


No I'm talking about Dt

Oh sorry, didn't know u talking about DT4x.
I think its owned and managed by a person who is also a trader as its motto suggests. The One time fee for the lowest capital is high but if u can risk such amount, you may take a shot. I have not heard much about it's paying from much traders sha.

Still a humble learner.

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