VlamesIffect:


How about normal bank withdrawal option? Instead of make i use hotfx for the ngn account, i go prefer fxtm. Their margin too cheap.

VlamesIffect:


How about normal bank withdrawal option? Instead of make i use hotfx for the ngn account, i go prefer fxtm. Their margin too cheap.

rainlover:
what about octafx?
Are brokers deposit bonus useful, or na trap??

Geovanni412:


Korapay is the payment processor for Normal Bank Withdrawal just like paystack or flutterwave is used by some companies. The withdrawal options you will see is local banking and nigerian local bank transfer. Korapay is the payment network used to facilitate the local banking. Like i stated earlier, withdrawal with it is in minutes. If you select Nigerian local bank transfer, that one can take up to 24 hrs to reflect.

The only time local banking takes more than a day to withdraw funds is if you try to withdraw funds after 6pm on a friday. That withdrawal can only be processed on the next Monday.

charly20:



I think selling is done. I'm looking to swing long tomorrow.

Kaesyrn:


Hope you didn't get burnt bro

rainlover:
pls what does it mean, when an accout has the below conditions?
Margin call of 100% and stop-out of 50%.



kozmicity
currentprice
Fxwarrior

Piptocoin:


do you know why pigs get slaughtered? they never stick to their rules of "if this condition happens then I shall be a buyer or seller; if not...I stay out even if price is going my intended direction. my system says it is a no-trade setup". Many forex traders (including me) underestimate the power of sticking to rules.

kozmicity:


Aje... I for dey the side of the pigs na if I entered gold sell

kozmicity:
GA setup and UJ sell.

kozmicity:
GA setup and UJ sell.

Piptocoin:


Sell call agrees with my trading system entry. I didn't take it though because I did not want to chase the market after that long candle. Candle retraced to give me favourable entry but I was not watching. AU gave me a perfect sell entry yesterday but I was quite busy and didn't see it early. No chasing after trades is one of my trading rules. Trades just slipping from my hand. Oh well, there is next week.

Piptocoin:


Sell call agrees with my trading system entry. I didn't take it though because I did not want to chase the market after that long candle. Candle retraced to give me favourable entry but I was not watching. AU gave me a perfect sell entry yesterday but I was quite busy and didn't see it early. No chasing after trades is one of my trading rules. Trades just slipping from my hand. Oh well, there is next week.

GarkiAccessory:

Uj sell short term is a little bit late though, in my opinion. the uj is still bullish. Seller should b cautious.

But long-term for swing trader this is the perfect time (4hour time frame double top). That is If the bull run has reached the end.

GarkiAccessory:

Me too o, I was following it all through the night, but the period it went up was when I took my eyes off the charts, taking my bath, eating, preparing for work, greeting ministry at work.

I really miss this trade after all the hard work of staring at the charts.

kozmicity:


Bro, my setup is long-term I should say... It'll take at least 3 days without news interference for my TP to hit. SL much sooner.

As for the bull run, until it starts trending downwards and even breaks past my TP level before I'm certain

kozmicity:


I'm trying what mark Douglas said, you see a trade that aligns with all the conditions for your strategy, you take it... Don't worry about being wrong or right

Piptocoin:


I love this suggestion or tip. This is why strategy hoppers still think there is a holy grail out there. Not all trades will be a winner because the market will always be the market...it defies any constant because sentiments are always shifting without warning. Solution, ignore the outcome, let the law of averages or large numbers do the profiting for you. Awesome.

kozmicity:


Nah
I think I've gotten smart enough to stay out of the market when I'm unsure. Market psychology na the real deal

Two months ago, I might've said fvck it, it's demo

kozmicity:


Nah
I think I've gotten smart enough to stay out of the market when I'm unsure. Market psychology na the real deal

Two months ago, I might've said fvck it, it's demo

charly20:



I have maintained this thought since I first arrived here.
15th of July will make it one year since I opened the first $200 demo account to see how fast I'd blow it.

January, I blew the account but i carried the lessons with me and incorporated them into a new $100 demo account in late February Abi march sef and the $100 account is currently $500 and another $200 demo account is $300+

What is all this epistle?
Put in emotions into a demo account and you'll see how fast you'd learn.

WAGMI

Kaesyrn:


You're on the right path chief

Piptocoin:


I love this suggestion or tip. This is why strategy hoppers still think there is a holy grail out there. Not all trades will be a winner because the market will always be the market...it defies any constant because sentiments are always shifting without warning. Solution, ignore the outcome, let the law of averages or large numbers do the profiting for you. Awesome.

kozmicity:


Omo... You learnt it early. I was stuck thinking that if the trade goes against me, I must've done something wrong. It was until April here that I watched 4 hours if Mark Douglas videos on trading psychology that I finally understood. That April I turned $40 to $200 folliall I learnt from him. May I did it again but I abandoned the account at 150 after just two weeks. I felt I was gambling.

I went back to the videos and there was something that caught me there he said "If you don't believe you're worth the money you're making in trading, you'll probably never make money." He also said something along the lines of you've been trading for 4 years now and you think you don't have enough knowledge? That's 4 years is enough to get a degree in school and if it was school would we feel like we weren't worth our salt?? He then said is all about mindset... If you don't feel good enough, you'll never be good enough .

That stuck with me

kozmicity:


I don't understand the question, but if what I think you mean is what it is, maybe your broker means that you'll get stopped out of your trades once your margin gets lower than 50%

Hope you didn't get burnt??

kozmicity:


So true. Though I'm sad it took me this long to know market psychology. I've been trading since 2018(demo). I'm YouTube schooled but the most I heard about market psychology from other traders was "cut your losses short but let your winners run" "do not be greedy" " don't let your emotions rule you" "trade in the moment"...e.t.c

But none of them ever said how... Shocking isn't it?