₦airaland Forum

raslim20:
I noticed these days, trading financial market most esp forex is not that common perhaps anything forex is most related to scam. I also notice most people prefer to run into crypto trading rather than the usual forex,indexes, metals, commodities and energy.
Trading forex now is not what it has always been before, most challenges that traders do face has been solved in such a way that its more easier to be successful now than before.
The number one challenges I noticed is capital to fund your live account, 80% of Nigeria traders trade with less than $500 and mostly before the end of the day they blow up their account, or get tired with the little profit it could produce without putting more risk on your equity. To my best knowledge, to be a successful trader you need nothing less than $5000 to trade meaningfully but how many of us can afford that,
Acquiring trading skill is the hardest part in the journey of been a trader as every other thing has been easy without stress, now we have hundreds of company that are begging to fund traders if they know what they are doing, more accurate indicators are coming out day by day to help your technical analysis.
So I'm writing this to encourage traders don't quit, and to those who wish to acquire trading skills, go for it. Forex now pay more than ever

Pls sir ...how can I contact you.

Yens:
Pls sir ...how can I contact you.

09067795039

raslim20:
09067795039

Thank you sir.....

Synthetic is still more profitable than FX. The secret is trading long-term. Daytraders never make a profit either in real or synthetic trading. This explains why 90% of retail traders lose their money.

If you open the Weekly Chart, you would realize that you would have made profits if you have left your trade for about a week or more. This is where capital plays the role. $10 can't trade FX.

raslim20:
Exactly, but synthetic played a damage role, as I believe no trader should involve him/her in that virtual manipulated market. But presently as it is now forex is more better

I programmed my own bots with my own manual strategies amd i ise them to trade on my smaller accounts and on company funded accounts

raslim20:
I noticed these days, trading financial market most esp forex is not that common perhaps anything forex is most related to scam. I also notice most people prefer to run into crypto trading rather than the usual forex,indexes, metals, commodities and energy.
Trading forex now is not what it has always been before, most challenges that traders do face has been solved in such a way that its more easier to be successful now than before.
The number one challenges I noticed is capital to fund your live account, 80% of Nigeria traders trade with less than $500 and mostly before the end of the day they blow up their account, or get tired with the little profit it could produce without putting more risk on your equity. To my best knowledge, to be a successful trader you need nothing less than $5000 to trade meaningfully but how many of us can afford that,
Acquiring trading skill is the hardest part in the journey of been a trader as every other thing has been easy without stress, now we have hundreds of company that are begging to fund traders if they know what they are doing, more accurate indicators are coming out day by day to help your technical analysis.
So I'm writing this to encourage traders don't quit, and to those who wish to acquire trading skills, go for it. Forex now pay more than ever

There is no maipulation in forex. The market is just too big to be manipulated. It is the biggest financial market in the world in terms of capitalization

Gee64:
Trading FOREX is fraud because the market like crypto trade, is manipulated.

Actually, theyre more important than having a trading strategy. Of the three factors that make traders profitable, trafing strategy is 20% of it, trader psychologyis 40% and risk management is 40%.

raslim20:
God bless you bro, before talking of the best strategy, holy grail and co, there many factors that we need to know before just concluding on your trading performance.
*Risk management is a course on its own.
*Trading psychology, why the mind matters
*Consistency on trading plan
*know when to stop not quit and many more
All these factors are much more important as having a profitable strategy

kennylagos:
Synthetic is still more profitable than FX. The secret is trading long-term. Daytraders never make a profit either in real or synthetic trading. This explains why 90% of retail traders lose their money.

If you open the Weekly Chart, you would realize that you would have made profits if you have left your trade for about a week or more. This is where capital plays the role. $10 can't trade FX.

Quite true

smeag0l:
There is no maipulation in forex. The market is just too big to be manipulated. It is the biggest financial market in the world in terms of capitalization

Exactly,

smeag0l:
Actually, theyre more important than having a trading strategy. Of the three factors that make traders profitable, trafing strategy is 20% of it, trader psychologyis 40% and risk management is 40%.

Exactly sir

kennylagos:
Synthetic is still more profitable than FX. The secret is trading long-term. Daytraders never make a profit either in real or synthetic trading. This explains why 90% of retail traders lose their money.

If you open the Weekly Chart, you would realize that you would have made profits if you have left your trade for about a week or more. This is where capital plays the role. $10 can't trade FX.

Its possible to make profits as a real day trader the main reason why 90% of retail traders lose their money is because they don't have a high rate success trading strategy. For instance my trading strategy ( which is a semi-automated strategy ) gave me profit today i just took the trades based on the analysis already done by the software . Technology as greatly made trading more easier and ensure more winning rate. The era of mechanical trader is gradually fading away and its been replace by semi-automated or A.I tools

ElectronicMoney:
It's very difficult to get forex traders who actually know what they are doing

..

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I personally recommend to use tradingview, it will be helpful for implementing trading strategy too and your drawing will be saved automatically