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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts: Season 21 (324007 Views)
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Re: Forex Trade Alerts: Season 21 by Piptocoin: 6:21pm On Dec 29, 2021 |
Guys are not smiling. ☺ |
Re: Forex Trade Alerts: Season 21 by obajoey(m): 6:34pm On Dec 29, 2021 |
samfelly: And I think to become long term profitable forex trader, it must be put into consideration and be disciplined to follow that rule. 2 Likes |
Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 6:37pm On Dec 29, 2021 |
samfelly: The mata no easy sha, The temptation dey, But what is keeping me is the discipline. I once said it here, when you put money in an account to trade, make sure you don't plan in withdrawing from it in a minimum of 6 months, especially from small account where the profit no reach anything. Always having this in mind has set me on a different path entirely, because that my account is on a "no debit" for the next 3 years, so why the hurry? Secondly, believe your strategy and most importantly respect what the market gives you. 5 pips in the bag is better than 200 pips not promised. There's always future opportunities, so why the rush? There has been challenges and temptations, but i have a bigger picture at play, a very big picture, Me wein wan dey control like 600k usd of prop firm funds, i gas focus make i no go loose guard. Always stay true to yourself, 7 Likes 1 Share |
Re: Forex Trade Alerts: Season 21 by Jameselias: 6:37pm On Dec 29, 2021 |
samfelly: Oh thank you Sam I'm grateful I don't have access to that Mail here is my WhatsApp number 08148587557 thank you . |
Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 6:38pm On Dec 29, 2021 |
Kaesyrn: Congratulations bro I celebrate you for the consistency, Na so e suppose be |
Re: Forex Trade Alerts: Season 21 by Gasive: 6:54pm On Dec 29, 2021 |
Feshizzy: 2 Likes
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Re: Forex Trade Alerts: Season 21 by Immortal99(m): 7:02pm On Dec 29, 2021 |
Feshizzy: You de talk of 600kusd as big picture ... wey island guys de manage Arab people millions of dollars on a low key here..... Take time oooo 2 Likes |
Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 7:08pm On Dec 29, 2021 |
Immortal99: Na step by step, We go reach there, Bu my goal na to get one personal soft 500k usd for Trading, Anyway, I am not just wishfully thinking out loud sha, I don map everything down Na step by step, So now, i need to have mastery in my trades, I'm building up another strategy though, independent from my current one as back up, I can't just have one singular plan for all accounts, That one no go balance 2 Likes 1 Share |
Re: Forex Trade Alerts: Season 21 by CopyJoe: 7:25pm On Dec 29, 2021 |
I agree that equity is one big problem with traders. But I don't think equity is the main problem. For example, We couldn't find a winner in the contest that was organized by GabsonFX. The ones that were organised by boss Infofirst, We couldn't get someone to be funded too. It's strategy and psychology (discipline) coupled with risk management for me. 2 Likes |
Re: Forex Trade Alerts: Season 21 by CopyJoe: 7:27pm On Dec 29, 2021 |
Samfelly was about to grow his small account to $150+. That's triple his deposit amount. But couldn't keep it. His risk management was poor. We should learn from that. Other than the strategy itself, risk management is very key. Key example is Feshizzy. The discipline is there for him. Even if he's trading a much smaller account, he would still be profitable and keep the account going. Selah. 3 Likes |
Re: Forex Trade Alerts: Season 21 by depato88(m): 7:50pm On Dec 29, 2021 |
Market keeps humbling us. Time after time, with personal experiences and common experiences with majority of traders, have come a FACT that to suceed in FOREX is 70 percent money management and 30 percent strategy and psychology. If one can overcome that EVIL SPIRIT of not putting stop loss, which is the biggest challenge, which is the money management we are taking about, he or she is already 50 percent successful in trading. 2 Likes 1 Share |
Re: Forex Trade Alerts: Season 21 by depato88(m): 7:53pm On Dec 29, 2021 |
CopyJoe: My brother you nailed it......Discipline and Risk management is the biggest challenge of Fx traders 2 Likes |
Re: Forex Trade Alerts: Season 21 by erniok(m): 8:19pm On Dec 29, 2021 |
depato88:Stop loss is not the only money management problem, you should consider leverage and lot size compared to account size. That's why the prop firms encourage small leverages like 1:50, 1:100 2 Likes |
Re: Forex Trade Alerts: Season 21 by Piptocoin: 8:20pm On Dec 29, 2021 |
CopyJoe: ✔️✔️✔️ |
Re: Forex Trade Alerts: Season 21 by Piptocoin: 8:22pm On Dec 29, 2021 |
CopyJoe: Truly, Feshizzy's risk management and consistence are worth emulating. The stuff of prop firm traders. 2 Likes |
Re: Forex Trade Alerts: Season 21 by Piptocoin: 8:28pm On Dec 29, 2021 |
depato88: You trade without stoploss order? Be like say you be Rambo.... 2 Likes |
Re: Forex Trade Alerts: Season 21 by obajoey(m): 9:27pm On Dec 29, 2021 |
1 Like
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Re: Forex Trade Alerts: Season 21 by abham: 9:51pm On Dec 29, 2021 |
Oh, then you have to open with a broker, like exness, fbs and octafx. I would suggest fbs. Reason being you have a bonus account of $50 that you have to trade 2 lot size and make a minimum of $25 and maximum of $500 that is withdrawn to your real account. The 2 lot size is an accumulation like trading 0.01 in 200 positions will sum up the 2 lots size. Jameselias: |
Re: Forex Trade Alerts: Season 21 by Rostid: 10:31pm On Dec 29, 2021 |
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Re: Forex Trade Alerts: Season 21 by samfelly: 11:31pm On Dec 29, 2021 |
Gasive: Indeed, my own mumu don do 2 Likes |
Re: Forex Trade Alerts: Season 21 by samfelly: 12:07am On Dec 30, 2021 |
charly20: Can you can? Three Hundred and Sixty Five Days na short time, but na lonnnnnng period. I'll be tempted to want to go Real Prop if I register success and consistency within 6 months. Moreover, responsibilities will not even allow me go a whole year without generating income to support a living . Anyways, we'll all be here, insha Allah, to cheer you on. 2 Likes |
Re: Forex Trade Alerts: Season 21 by samfelly: 12:25am On Dec 30, 2021 |
Feshizzy: Key points taken |
Re: Forex Trade Alerts: Season 21 by samfelly: 12:32am On Dec 30, 2021 |
CopyJoe: |
Re: Forex Trade Alerts: Season 21 by ToyNik: 3:44am On Dec 30, 2021 |
Re: Forex Trade Alerts: Season 21 by depato88(m): 7:02am On Dec 30, 2021 |
erniok: That's true. You are on track |
Re: Forex Trade Alerts: Season 21 by depato88(m): 7:09am On Dec 30, 2021 |
Piptocoin: hahaha That was before, and have learnt the hard way, the market has humbled me. Now i don't dare trade without stop loss, it is the first thing I set before assigning TP. Sometimes I may not even put TP (in order to trail profits) but SL is a must. 5 Likes |
Re: Forex Trade Alerts: Season 21 by lekinz18(m): 7:20am On Dec 30, 2021 |
Risk management for me is the holy grail in forex....what I did in my own case was to open 0.01 lot size 4x on my 100 dollars account with 10 pips stop loss....thus gives me 4 loss anytime my stop loss is hit....and with manual take profit target of 30 pips or 40 pips depending on the market....there was a day I am on gu and EU sell...it just tank down by almost 200 pips because of news....which further strengthen my believe about risk management....there is a saying that no matter what we do, the market can decide to go up or down .cc: samfelly 2 Likes
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Re: Forex Trade Alerts: Season 21 by fame12k(m): 9:59am On Dec 30, 2021 |
My 5ers summer plan challenge. I have being risking 0.25% per trade, I plan to step it up to 0.5% per trade soon. 5ers overall DD is 5%, reason why you need to be prudent with risk management. Still have a long way though. 5 Likes
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Re: Forex Trade Alerts: Season 21 by fame12k(m): 10:07am On Dec 30, 2021 |
FBS 50$ bonus. Progress still slow... Have achieved almost 100% with tiny lot size. I hope to use the proceeds from this to buy 100k challenge. Let's see how it goes 6 Likes 1 Share
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Re: Forex Trade Alerts: Season 21 by fame12k(m): 10:07am On Dec 30, 2021 |
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