₦airaland Forum

konfusedgee:
Same question I just wanted to ask about the broker,,, have you used them before or currently using them??

Yeah,
But their withdrawal takes almost 2days to hit your aza,
I think that's the only problem with them and spread is a little bit off the top

greatcheer:
is this fx like an addiction thing?
my enemy is finished o,
hmm
how do I control this?
collecting loan from loan sharks and losing all the money in fx, not once , not twice.
since this year that I got introduced to fx I can't boast of buying anything new and am neck deep in debts all my money ******** has been swallowed by this fx.
be like na 0.01 lots get me now cos I am not understanding

The idea of taking loans to trade is not right. Stay away from such acts. If you can't trade with real money, make due with demo account until your strategy is consistent in making profit.

saintelvnn:
Trust me the best mentorship is the market....

The best mentorship fee you can pay is by blowing accounts, you will give yourself a brain like that

Have never used babypips, maybe because I love learning with videos....
I recommed Candlestick bible, go through it over and over, learn on the market...

Have not seen a profitable trader who hasn't blown an account,

The thing is having a strategy is very easy,

Discipline to follow strategy is why forex is hard...

So what I can advise you to do is to avoid profirms competitions for now if you do and focus on building your personal accounts, avoid demo, deposit, get a strategy, be disciplined.

If you take a loss put off your phone/pc for at least 5hrs, stay away from the chart that's what I mean ....learn why you did loss and improve on not making that mistakes again

I can't advise you on strategy because I'm a price action trader, I don't know what you might be doing...


Good luck!

Thank you! I love videos too but Omo YouTube catalogue throws me on and about... I lack sense of direction, what and whom to follow, when to even stop following and devise my own means.... The Trading Channel is one YouTuber I've been following though I think he tends to be rigid sometimes and that deters me.
The strategy thing is still something I haven't fully grasped yet... Is price action a strategy? I seem interested in both it and SMC (not sure I know the difference between the two other than their use of different terminologies)

If no be say I get strong head. Na this week I suppose give up on trading finally. Both trend following trades and counter trend trades failed woefully. Even chfjpy that's very loyal to me betrayed me this week... Account down with -1.9% ... Imagine inverted head and shoulder with weak right shoulder betrayed me.... What's really working guys

See you next week guys

pijam:
Please I need help on getting a good broker. I trade EU and I want to go live. Please recommend a good broker.
Thanks

Forextime is one of the best. even on weekends, withdrawal can be made and in less than 5mins you will be credited.

rhynoemmie:
Trade update
Stop loss smashed
But my bias on buy is still positive except there's a clear change of structure on a higher tf
Hopefully the news today will reset the market

B like bias don change.
Dxy has broken a breaker block and is in retest phase.
If it retest this zone. Then I'll be looking for short entries tho I've already placed a sell limit order on EU

dmahn:
If no be say I get strong head. Na this week I suppose give up on trading finally. Both trend following trades and counter trend trades failed woefully. Even chfjpy that's very loyal to me betrayed me this week... Account down with -1.9% ... Imagine inverted head and shoulder with [b]weak right shoulder[/b] betrayed me.... What's really working guys

See you next week guys

It turned to cup and handle pattern

skydweller1:
Thank you! I love videos too but Omo YouTube catalogue throws me on and about... I lack sense of direction, what and whom to follow, when to even stop following and devise my own means.... The Trading Channel is one YouTuber I've been following though I think he tends to be rigid sometimes and that deters me.
The strategy thing is still something I haven't fully grasped yet... Is price action a strategy? I seem interested in both it and SMC (not sure I know the difference between the two other than their use of different terminologies)

SMC is also great and it works with price action. For the youtube tutorial I will recommend Rayner Teo, he is the best when it comes to price action strategies...The trading channel I only used it for Technical analysis basics....Just keep at it, everything go clear soon man
One more thing don't complicate things on the chart, simplicity is bae, provided you're making money then its okay...

rhynoemmie:
B like bias don change.
Dxy has broken a breaker block and is in retest phase.
If it retest this zone. Then I'll be looking for short entries tho I've already placed a sell limit order on EU

how do you cope with the wide spread?

saintelvnn:
SMC is also great and it works with price action. For the youtube tutorial I will recommend Rayner Teo, he is the best when it comes to price action strategies...The trading channel I only used it for Technical analysis basics....Just keep at it, everything go clear soon man
One more thing don't complicate things on the chart, simplicity is bae, provided you're making money then its okay...

Alright. Thanks man

20pips target
GU

And again... I knew it was a stop hunt so I reentered my position. We really need to know what we are doing to succeed in this business. This week has been full of stop hunt. Ending the week in a loss but with a knowledge on how to reenter after stop hunt is confirmed... Not a good week but I'm glad

Forecasting GU for next month
Expecting either current swing(down trend) to breakout for me to continue going long or breakdown my overall bullish trend to go short....counter traders got this week
na God fit bless us for fx

Donsheddy:
DAY 5

GU SOLD, RIDING BEARS TODAY

MY ENTRY 1.27293
STOPS 1.27746
TAKEOUT 1.26300

RRR 1:2

are you for real? is this the lot size ur using on this account

saintelvnn:
20pips target
GU

SL hit -10pips

Till next week, pips go change our lives someday

dmahn:
If no be say I get strong head. Na this week I suppose give up on trading finally. Both trend following trades and counter trend trades failed woefully. Even chfjpy that's very loyal to me betrayed me this week... Account down with -1.9% ... Imagine inverted head and shoulder with weak right shoulder betrayed me.... What's really working guys

See you next week guys

All strategies are equal; there is an equal chance of success or failure. Your trading actions, such as how you handle fear, emotions, greed, discipline, and revenge trading, determine whether you will make a profit or not. Maintain simplicity and never disregard risk management. Only risk what you are comfortable with. Focus on mastering one currency pair before considering others. Continuously practice until your actions become habitual and unexciting, and you will see progress. I am still developing and improving in all of these aspects.

Fundednext 50% Discount on all our $6K and $15K Challenges!

Code-FN50

greatcheer:
are you for real? is this the lot size ur using on this account

The fear of forex SHEGE is the beginning of using small lot size.

BinaryRocks:
The fear of forex SHEGE is the beginning of using small lot size.

skydweller1:
Thank you! I love videos too but Omo YouTube catalogue throws me on and about... I lack sense of direction, what and whom to follow, when to even stop following and devise my own means.... The Trading Channel is one YouTuber I've been following though I think he tends to be rigid sometimes and that deters me.
The strategy thing is still something I haven't fully grasped yet... Is price action a strategy? I seem interested in both it and SMC (not sure I know the difference between the two other than their use of different terminologies)

Price Action is not in itself a trading strategy, but a form of Technical Analysis; it houses several strategies.
Smart Money Concepts are to my knowledge, a derivation of Price Action trading.

dmahn:
And again... I knew it was a stop hunt so I reentered my position. We really need to know what we are doing to succeed in this business. This week has been full of stop hunt. Ending the week in a loss but with a knowledge on how to reenter after stop hunt is confirmed... Not a good week but I'm glad

Yeah man, I'm a witness to that of USDCHF. I shorted that pair 3 days ago from the 0.8987 level, I just opened up my chart late this morning to check on my trade and I was seeing one yeye long bullish candle forming outta no where😀😁
The only reason I didn't get towed out is because I traded off the Daily, but even at that, it just missed my SL order by about 3pips before continuing back down.

EmmanuelVi:
Price Action is not in itself a trading strategy, but a form of Technical Analysis; it houses several strategies.
Smart Money Concepts are to my knowledge, a derivation of Price Action trading.

Oh.. makes sense now. Thanks

unclenna:
They have both Nigeria bank and foreign bank. You can also deposit in USD or Naira

Finally boss, which of the accounts is best, the premium,or zero spread or pro (but the minimum deposit is high)

greatcheer:
are you for real? is this the lot size ur using on this account

Lols😊😃 Dear trader, you see that "go big or go home" thingy ehn, no be for Financial Markets oo.
Always start small, then continue at that same pace, till when you become a Professional trader; then, go even smaller.

What I means is this, if as a beginner or part time trader you were using 2% max risk on a trade, when you become a Pro trader (trading becomes your full time profession), you should risk even less of your start balance per trade, like 0.5% max or even less.
This may sound counter intuitive, but there's just no better way about it.

Always remember that "the level of your emotional attachment to the outcome of each trade you take, is directly influenced by the value of asset(s) you're risking on each trade".
So imagine you're risking too much and also taking on too much trades, that's literally a heart attack, and it will force you to react albeit to the detriment of your equity.

In this trading business it's more often than not, a thing of "the more you look; the less you see", meaning, "the more you trade; the less you make".

DigitalyYours:
Fundednext 50% Discount on all our $6K and $15K Challenges!

Code-FN50

Pls how can I pay for it

haryodehjia:
Hantec upcoming competition for Africans only

Only 3 winners? Not worth the stress.

EmmanuelVi:
Lols😊😃 Dear trader, you see that "go big or go home" thingy ehn, no be for Financial Markets oo.
Always start small, then continue at that same pace, till when you become a Professional trader; then, go even smaller.

What I means is this, if as a beginner or part time trader you were using 2% max risk on a trade, when you become a Pro trader (trading becomes your full time profession), you should risk even less of your start balance per trade, like 0.5% max or even less.
This may sound counter intuitive, but there's just no better way about it.

Always remember that "the level of your emotional attachment to the outcome of each trade you take, is directly influenced by the value of asset(s) you're risking on each trade".
So imagine you're risking too much and also taking on too much trades, that's literally a heart attack, and it will force you to react albeit to the detriment of your equity.

In this trading business it's more often than not, a thing of "the more you look; the less you see", meaning, "the more you trade; the less you make".

Lolz true sha

But all those 2% na oyinbo talk, we all know that we are in Africa, person Wei work go see money fund account 50$ even 10$ sef how you expect am to risk 2%, hunger go finish am.....I am risking within the range 10%-20% with 1:2rrr till I get like 10k account before I fit reason 2%...

EmmanuelVi:
Yeah man, I'm a witness to that of USDCHF. I shorted that pair 3 days ago from the 0.8987 level, I just opened up my chart late this morning to check on my trade and I was seeing one yeye long bullish candle forming outta no where😀😁
The only reason I didn't get towed out is because I traded off the Daily, but even at that, it just missed my SL order by about 3pips before continuing back down.

I think we might see 9055 first

rainlover:
how do you cope with the wide spread?

Seems there's a mis-understanding

I analyse on trading view then take my trades on mt4.

Spread is not an issue for me.

greatcheer:
are you for real? is this the lot size ur using on this account

Yeah that's the lot size im using...

BinaryRocks:
The fear of forex SHEGE is the beginning of using small lot size.

Who no know.. no go know 😂😂😂

unclenna:
Buying gold now is too early.

That's my problem now jumping into trades early but I did see a confirmation of buy at daily time frame infact I no understand wetin I dey see again