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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts: Season 21 (335007 Views)
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Re: Forex Trade Alerts: Season 21 by dennison4luv: 2:18pm On Dec 28, 2021 |
samfelly: Please how do i register account in MyFXbook? |
Re: Forex Trade Alerts: Season 21 by Piptocoin: 2:20pm On Dec 28, 2021 |
Samfelly...the difference between quitters and winners is choice. You are making progress even if you think you aren't. 5 Likes 2 Shares |
Re: Forex Trade Alerts: Season 21 by CopyJoe: 3:19pm On Dec 28, 2021 |
samfelly: We are in this together bro. I almost blew my small accounts some weeks back. Withdrew the rest and went back to the drawing board. I'll be going live again soon. That's why forex is one of the hardest ways of making money. It takes a lot of stuff to get to that level of consistency. Never give up. Don't be in a hurry to go back live. Take your time. |
Re: Forex Trade Alerts: Season 21 by femora007(m): 3:27pm On Dec 28, 2021 |
samfelly:At a point in time I almost did too. But I got the ginger to continue on this same thread through one of those competitions organized long ago. But today, my trading has really improved compare to what it was before, though I'm not there yet but I'm not where I used to be. During the weekend when the market is quite, study your chart, the same TF you normally take trades from. Outline the mistakes made. Compare and contrast on the chart those set-up that meet your trading conditions that end in profit and those that end in loss, this will help to filter out some trades in the future 2 Likes 2 Shares |
Re: Forex Trade Alerts: Season 21 by klinksd: 3:56pm On Dec 28, 2021 |
samfelly: ...hang in there bro...there will be challenges, but, it is part of the process. - Review the reasons why you took those trades. - Continue managing risks optimally. - Take only trades that have multiple confluences. - Don't give up, you are almost there...don't believe me, believe us, we cannot all be saying the same thing and be wrong. ....cheers. 4 Likes 1 Share |
Re: Forex Trade Alerts: Season 21 by charly20(m): 8:33pm On Dec 28, 2021 |
samfelly: Lol, Mr. Sam. I think this is part of it. If no trader experiences this part of the journey, I think he needs to "hundredth check" (I know the expression doesn't exist but you get the point ) what he's actually doing. Who ever said the journey was a smooth one anyway? To agree to do this, I believe every trader must have signed that he's sacrificing his emotional wellbeing for the blue pips. I'll see you around next year, Mr. Sam Happy holidays! 3 Likes |
Re: Forex Trade Alerts: Season 21 by Jameselias: 10:05pm On Dec 28, 2021 |
So l can never trade forex in my life
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Re: Forex Trade Alerts: Season 21 by Gasive: 10:10pm On Dec 28, 2021 |
Re: Forex Trade Alerts: Season 21 by haryodehjia(m): 10:17pm On Dec 28, 2021 |
Jameselias:Sorry about that boss.. why not try mt5 ? I don't like Mt4 |
Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 10:39pm On Dec 28, 2021 |
Jameselias: Na people around you go show you way, This thing isn't that difficult You might even be trading a pair not supported by you broker, Maybe you should be trading with the onew with suffix |
Re: Forex Trade Alerts: Season 21 by abham: 1:46am On Dec 29, 2021 |
Contact your broker via live chat Jameselias: |
Re: Forex Trade Alerts: Season 21 by Piptocoin: 3:30am On Dec 29, 2021 |
Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 4:15am On Dec 29, 2021 |
Forex trading comes with lots of sacrifices, I have been up all night for most nights, Looking for setups and always validating my entries, The result looks beautiful, but omo the process is not for the weak. Always backtest your strategy over and over again, till it becomes your second nature. Don't concentrate on winning trades during test instead work more on minimising drawdowns because there will be DDs. And again, backtest your strategy till it drills into your psychology, make the market no go surprise you and humble you. Remember, the goal is always to keep what you make. Happy piping, i still dey the market so 5 Likes 1 Share |
Re: Forex Trade Alerts: Season 21 by obajoey(m): 6:22am On Dec 29, 2021 |
haryodehjia: I think passing this challenge has to do more with risk exposure.. Opening multiple positions at a time is something that will not go well with prop firm trading when market move against those positions cos daily drawdown would be hit easily. This is something I am trying to improve upon too. It has always been the issue with me. |
Re: Forex Trade Alerts: Season 21 by OriginalSatine: 6:28am On Dec 29, 2021 |
JAkpayen: While this is so encouraging, it has led alot to being suicidal. Unfortunately. |
Re: Forex Trade Alerts: Season 21 by Riverrun: 6:35am On Dec 29, 2021 |
samfelly: But Sammy what happened? Did you actually change your several months winning trading plan or you were looking for Christmas money? |
Re: Forex Trade Alerts: Season 21 by samfelly: 7:53am On Dec 29, 2021 |
MONEY247: Feshizzy: Donvic4u: JAkpayen: dennison4luv: Piptocoin: CopyJoe: femora007: klinksd: charly20: Thank you, guys. I sincerely appreciate all the pointers and the heartfelt reassurances. I now know what I don't have to do. #EnoughisEnough #Year2022MustCount 3 Likes |
Re: Forex Trade Alerts: Season 21 by abham: 8:11am On Dec 29, 2021 |
Re: Forex Trade Alerts: Season 21 by samfelly: 8:17am On Dec 29, 2021 |
Riverrun: There is no one winning trade plan that will go straightforward at all times because, the up and down of the market will see to that. I forgot to take that into consideration and was always taking my trades as a one-way street kind of thing. And I suffered it. Coupled with Money/Risk Management. |
Re: Forex Trade Alerts: Season 21 by Piptocoin: 8:29am On Dec 29, 2021 |
OriginalSatine: very true. [url]confessionsofatrader.com[/url] tells the same story. 2 Likes |
Re: Forex Trade Alerts: Season 21 by Englishisamust: 8:33am On Dec 29, 2021 |
samfelly: Please can I ask how many loosing streak you had before you arrive at -70%? That means if you are risking 3 percent on every trade that means you will need to have 23 losses on a row before you end up at -70% which I think it is not possible. I think you are not taking risk management into consideration which I myself, I'm still working on. It easy to be greedy in this Forex market if you don't know how to control your emotions . Nevertheless, never give up, endeveour to realize your mistake and correct it. We are all gonna make it in 2022. 2 Likes |
Re: Forex Trade Alerts: Season 21 by Piptocoin: 8:40am On Dec 29, 2021 |
samfelly: I don't know about others but what you said here is one of the greatest psychological truisms as regards forex. The takeaway here is knowing that no strategy will always fetch the trader pips no matter how good it is therefore the trader has to be disciplined to take only trades that meet his/her criteria/conditions, refuse to take trades on impulse and resist the temptation of FOMO while sticking to sound money management. 3 Likes |
Re: Forex Trade Alerts: Season 21 by haryodehjia(m): 8:48am On Dec 29, 2021 |
obajoey:Hoping to improve as well |
Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 8:49am On Dec 29, 2021 |
Riverrun: Hehehe Finally, someone said it, |
Re: Forex Trade Alerts: Season 21 by Englishisamust: 8:56am On Dec 29, 2021 |
Riverrun: Christmas money dey sweet Shaa. |
Re: Forex Trade Alerts: Season 21 by Jameselias: 9:03am On Dec 29, 2021 |
Gasive: I have done this several time still the same |
Re: Forex Trade Alerts: Season 21 by Jameselias: 9:05am On Dec 29, 2021 |
Piptocoin: Yes |
Re: Forex Trade Alerts: Season 21 by Jameselias: 9:06am On Dec 29, 2021 |
haryodehjia: May be I will try the Mt5 |
Re: Forex Trade Alerts: Season 21 by Jameselias: 9:12am On Dec 29, 2021 |
Feshizzy: Finding people that trade forex offline is difficult No I'm trading the normal major pairs It won't allow me connect a broker after filling everything And to avoid difficulty I decided to trade with mt4 demo |
Re: Forex Trade Alerts: Season 21 by Jameselias: 9:18am On Dec 29, 2021 |
abham: It won't allow me connect a broker So l decided to trade with the demo account they give |
Re: Forex Trade Alerts: Season 21 by abham: 9:57am On Dec 29, 2021 |
Did you open the demo account directly on the my4 app or you opened it with a broker like exness, fbs or Octafx. These are the brokers I meant and you can contact their customer service on their website live chat. Jameselias: |
Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 9:59am On Dec 29, 2021 |
A good way to end the year trade, Una go say na sniper entry, but I'm just following my trading plan. Hopefully the market no reverse
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