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Forex Trade Alerts: Season 23 - Business (756) - Nairaland

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Re: Forex Trade Alerts: Season 23 by Jameselias: 9:28am On Sep 26, 2023
Remember it's a life long business

2 Likes

Re: Forex Trade Alerts: Season 23 by Jameselias: 9:31am On Sep 26, 2023
GabsonFX2:
Leave all these terms.

Open your charts and trade, you will be the one to give your own terms and define it by the time inspiration and revelations come on you grin


take this advice serious

But let the trading be on demo oo, first

1 Like

Re: Forex Trade Alerts: Season 23 by Jameselias: 9:40am On Sep 26, 2023
boom99:
USDCAD getting ready for a sell. Just 5pips and I am out. Fingers crossed.
where is your stop loss

1 Like

Re: Forex Trade Alerts: Season 23 by boom99(m): 9:48am On Sep 26, 2023
Jameselias:
where is your stop loss

I put stop loss here. I didn't for the other.

Re: Forex Trade Alerts: Season 23 by Geovanni412(m): 9:49am On Sep 26, 2023
Jameselias:
take this advice serious

But let the trading be on demo oo, first

He doesn't need demo for more than 1 month.
Once he has a strategy that works a little bit, he should go live.

@lincolnonyeabor, jump into real acct as soon as you can but do so with small money

Enter with cent acct of $10 or more...

That will give you $1000 usc

Your risk on this acct should be between 0.1-0.4 percent per trade

If you are trading eurusd with 40 pips stop loss on this cent acct, putting up 0.01 lot size means you are risking only 0.4 percent per trade.

Demo is not real acct. You won't get the same level of emotions trading it as a real acct.

By the way, you'd have to lose 250 times in a row to blow through the 10 dollars if you use this method....

That should provide better practice than any demo acct will.

4 Likes

Re: Forex Trade Alerts: Season 23 by Cashhy11: 9:50am On Sep 26, 2023
boom99:
USDCAD getting ready for a sell. Just 5pips and I am out. Fingers crossed.
You don't use SL I hope? This moved against you x2 of your profit target which is very unhealthy. What if it never comes back until after doing 30pips against you at least. Not worth risking that much just for 5pips.

3 Likes

Re: Forex Trade Alerts: Season 23 by samfelly: 9:54am On Sep 26, 2023
GabsonFX2:
Yes, right.

What I would end up doing is: dedicating one account each to one pair, Account 1 = US30, Account 2 = Gold/Silver Account 3 = USOil



That would be totally cool
Re: Forex Trade Alerts: Season 23 by Jameselias: 9:55am On Sep 26, 2023
zedegit:


How dis wan make us money? Leave jargons make we dey find better set-up.

Hahahahaha

1 Like

Re: Forex Trade Alerts: Season 23 by boom99(m): 10:06am On Sep 26, 2023
Cashhy11:
You don't use SL I hope? This moved against you x2 of your profit target which is very unhealthy. What if it never comes back until after doing 30pips against you at least. Not worth risking that much just for 5pips.


I get you. Still working on my pips, my time frame, my lotsize. Lol. Before na 1pip I dey do oo with very large lot. I think in few years I should be able to adjust very well
Re: Forex Trade Alerts: Season 23 by LincolnOnyeabor: 10:08am On Sep 26, 2023
Geovanni412:


He doesn't need demo for more than 1 month.
Once he has a strategy that works a little bit, he should go live.

@lincolnonyeabor, jump into real acct as soon as you can but do so with small money

Enter with cent acct of $10 or more...

That will give you $1000 usc

Your risk on this acct should be between 0.1-0.4 percent per trade

If you are trading eurusd with 40 pips stop loss on this cent acct, putting up 0.01 lot size means you are risking only 0.4 percent per trade.

Demo is not real acct. You won't get the same level of emotions trading it as a real acct.

By the way, you'd have to lose 250 times in a row to blow through the 10 dollars if you use this method....

That should provide better practice than any demo acct will.


I've jumped on real Account since self. I deposited $2 in the past Month and I've been learning and managing it.

Looking at opening a standard account with Exness and depositing about $10 to begin.

This My current broker spread is killing me.
Re: Forex Trade Alerts: Season 23 by csckid(m): 11:01am On Sep 26, 2023
LincolnOnyeabor:


I've jumped on real Account since self. I deposited $2 in the past Month and I've been learning and managing it.

Looking at opening a standard account with Exness and depositing about $10 to begin.

This My current broker spread is killing me.

you like complaining about your broker spread...I remember I gave you this

https://www.litefinance.org/?uid=492562965

spread from 0, 1,2

1 Like

Re: Forex Trade Alerts: Season 23 by Cashhy11: 11:05am On Sep 26, 2023
boom99:



I get you. Still working on my pips, my time frame, my lotsize. Lol. Before na 1pip I dey do oo with very large lot. I think in few years I should be able to adjust very well
If that's your nichΓ©, nothing bad in it. The only thing I'm pointing out is not using SL for such a small TP. One heavy loss is all it takes to wipe out up to 3months profits. Thanks.
Re: Forex Trade Alerts: Season 23 by LincolnOnyeabor: 11:07am On Sep 26, 2023
csckid:


you like complaining about your broker spread...I remember I gave you this

https://www.litefinance.org/?uid=492562965

spread from 0, 1,2

Yeah I'm looking either opening an account with them or Exness.

This week
Re: Forex Trade Alerts: Season 23 by Puremark(m): 11:10am On Sep 26, 2023
Pls recommend a best broker for a beginner. With low spread
Re: Forex Trade Alerts: Season 23 by csckid(m): 11:14am On Sep 26, 2023
Puremark:
Pls recommend a best broker for a beginner. With low spread

click this link

https://www.litefinance.org/?uid=492562965

that's what you are looking for...spread from 0, 1, 2 ..

Thank me later
Re: Forex Trade Alerts: Season 23 by Geovanni412(m): 11:15am On Sep 26, 2023
LincolnOnyeabor:


I've jumped on real Account since self. I deposited $2 in the past Month and I've been learning and managing it.

Looking at opening a standard account with Exness and depositing about $10 to begin.

This My current broker spread is killing me.

The spread is not your problem

Increase your stop loss

You may not find a broker that will offer you tight spread with cent acct

If you want better spreads, migrate to ecn accts but by doing so, you'll Bleep up your risk mgmt of 0.1 -0.4 percent at this initial stage.

Stick with your broker and widen your stop loss or learn to get safer entries based on your method by using stop orders instead of limit orders.

Limit orders with 10-30 pips stop loss are more dangerous than you think...they are the reason the market will show you shege.

Learn to use stop orders instead....read Naked forex by Walter Peters. He discusses how to safely trade double tops and bottoms in the book extensively. Follow the rules there and practice the concept on 5 min chart.

Your best bet with limit orders as a beginner is to use wide stop loss of 100 pips or more.

1 Like

Re: Forex Trade Alerts: Season 23 by Supremefx(m): 11:33am On Sep 26, 2023
Fibonacci88:

Thanks for the assurance.. share ur referral link again I will purchase the 10k acc tomorrow or Wednesday.

😊 thanks

Make use of β€œ Global β€œ to get a 40% discount 😊

https://maventrading.com/ref/845/
Re: Forex Trade Alerts: Season 23 by Eagba(m): 11:38am On Sep 26, 2023
GabsonFX2:
By this year end, I think I will completely graduate from gold and silver to only US30.

While US30 is making pips since Friday, Gold has been ranging, even though I still took some pips from her. Even today, US30 making good swings, Gold is just there within the band, so I ignored her.

One thing with gold for me is, I have mastered her behaviors over time, and when I take a position, I know when to come back to check and react as price react whether at mid-day or candle close. I play the metal well, I don't fear it at all. In just less than 5days ish, US30 will be providing me with another $100K passed phase 1. close and almost there for now.

Now, few weeks of trading US30, I think I can now tame it well. I will decide by year end.
being a boss is just surreal
Re: Forex Trade Alerts: Season 23 by iichidodo: 11:53am On Sep 26, 2023
samfelly:


Any one you prefer to use, sir
Thanks bro...

1 Like

Re: Forex Trade Alerts: Season 23 by Galleryeasy(m): 12:27pm On Sep 26, 2023
Davigle:


Thanks a lot for your update and I also aspire to become better like you sir... I do not know if you trade ICT, but here's my humble markups...
Technically you are correct sir, I don't know how far you have been in this game? I was once a core technical analyst. Is it Falcon,SMC,ICT ,Photon etc that I don't know.

My harmless advice is do away with all these conspiracy theory strategies for now
, from my own understanding they are not sustainable in long run, pls try to understand what moves this Market, 97% volatility comes from fundamentals.Most of our so called gurus or mentors aren't feeding us with the truth.

I did a course on Professional Trader Development program (PTDP) lastyr, now I have understood better.
Take a minute and ask yourself why hedge funds managers like Bill Ackman, Michael Burry etc who are founders of hedge funds focus more on fundamentals. These guys worth more than a billion USD.

I don't believe in 100% strategy,but I have a friend who has proven me otherwise with fundamentals, he studied economics at Cambridge. This guy can open 20 positions in a month and win all ,with 1;2RR, as for my side I Know my today is better than yesterday, no cap but my trading bias hit at least 80-90% , but technically I'm still struggling cuz of greed.

The floor is opened for argument and questions,I'm free today grin

14 Likes 1 Share

Re: Forex Trade Alerts: Season 23 by Galleryeasy(m): 12:40pm On Sep 26, 2023
DestinyDjohn:



Okay boss ... What economic data do you always look out for then how do you interpret to suit the narrative of the strength of that particular asset and lastly apart from sites likes investing and forexfactory, do you make use of other sites?
This tin is not something you can grab overnight, is more complicated than you think sir, but easy.

Start by getting a good book on Macro economics.

Study and understand
1.Interest rate,
2.GDP,
3.Labour market survey ( employment rate(NFP) and unemployment change )
4.PMI and ISM
5. Monetary policy
6. Inflation.

Weekends , I will be doing justice to it one by one for people that interested in FA, I will doing it for records, ma kids need to see that in future,not even cuz of FTA cheesy

As for the sites, forex factory is not a news site, just calendar site.

If u are trading indices, use Dow Jones newswire. For currency pairs use ..Moneycontrol,Reuters, Bloomberg,finance magnates and tradingeconomics. Just go through them and pick one or two.

8 Likes

Re: Forex Trade Alerts: Season 23 by boom99(m): 1:01pm On Sep 26, 2023
Selling Eurgbp again 10pips
Re: Forex Trade Alerts: Season 23 by magicfx: 1:46pm On Sep 26, 2023
magicfx:
Gold Sell Now@1912.5-1915.5

Sl:1917.5

Tp:1910.5
Tp2:1907.5




Done deal for today, tomorrow is another day

1 Like

Re: Forex Trade Alerts: Season 23 by zonall(m): 1:58pm On Sep 26, 2023
NZDUSD {M5} - SELL LIMIT
E: 0.5983
S: 0.5995
T: 0.5923

RR - 1:5

May the blue pips continually be with us.

Good afternoon traders. πŸ₯‚
Re: Forex Trade Alerts: Season 23 by VeeVeeMyLuv(m): 2:04pm On Sep 26, 2023
magicfx:




Done deal for today, tomorrow is another day
πŸ‘πŸ‘
Re: Forex Trade Alerts: Season 23 by zonall(m): 2:04pm On Sep 26, 2023
zonall:
NZDUSD {H1} - BUY LIMIT
E: 0.5929
S: 0.5919
T: 0.5975 {1}
T: 0.6115 {2}

RR - 1:4.6 {1}
RR - 1:18.6 {2}

May the blue pips continually be with us. πŸ₯‚

An in-depth analysis on M5 provides a more optimal entry for a better RR.

NZDUSD {M5} - BUY LIMIT
E: 0.5923
S: 0.5911
T: 0.6014

RR - 1:7.5

...πŸ₯‚

1 Like

Re: Forex Trade Alerts: Season 23 by boom99(m): 2:07pm On Sep 26, 2023
boom99:
Selling Eurgbp again 10pips


Look like I will close to this trade my battery is flat the pair is currently doing well.
Re: Forex Trade Alerts: Season 23 by boom99(m): 2:10pm On Sep 26, 2023
boom99:
Selling Eurgbp again 10pips


Look like I will close to this trade my battery but the pair is currently doing well.
Re: Forex Trade Alerts: Season 23 by Cashhy11: 2:37pm On Sep 26, 2023
Update on the challenge account I started two weeks ago which is ending this Friday. Max DD is 3% which is 97,000 of a 100k account. Account closed last week with +5.27% profit with just 4 trades taken.

Couldn't get a setup on Friday and yesterday, but I got one already today and other two pending. I just sold EU not quite long ago with a 20pips SL and 60pips TP with a VAR of 0.7$. If the three trades gets activated and hit stoploss, daily loss is will be 2%.

The other two trades are: Buy Cad/Jpy and Buy Aud/Chf. 1:3RR. Stoploss or TakeProfit should do the job while I'm off to Netflix. Happy trading day ahead.

2 Likes 1 Share

Re: Forex Trade Alerts: Season 23 by boom99(m): 2:48pm On Sep 26, 2023
boom99:



Look like I will close to this trade my battery but the pair is currently doing well.

Tp almost hit. Power bank to the rescue
Re: Forex Trade Alerts: Season 23 by DestinyDjohn: 2:58pm On Sep 26, 2023
Galleryeasy:
This tin is not something you can grab overnight, is more complicated than you think sir, but easy.

Start by getting a good book on Macro economics.

Study and understand
1.Interest rate,
2.GDP,
3.Labour market survey ( employment rate(NFP) and unemployment change )
4.PMI and ISM
5. Monetary policy
6. Inflation.

Weekends , I will be doing justice to it one by one for people that interested in FA, I will doing it for records, ma kids need to see that in future,not even cuz of FTA cheesy

As for the sites, forex factory is not a news site, just calendar site.

If u are trading indices, use Dow Jones newswire. For currency pairs use ..Moneycontrol,Reuters, Bloomberg,finance magnates and tradingeconomics. Just go through them and pick one or two.



Thanks boss ...I appreciate a lot
Re: Forex Trade Alerts: Season 23 by boom99(m): 3:03pm On Sep 26, 2023
boom99:


Tp almost hit. Power bank to the rescue

Done for today

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