peteregwu:


Bro, go to youtube and learn how to trade. Don't be in a hurry. Forget about prop firm this and that, you will still blow it. Even those that knows better than you are blowing their prop form account, is it you that won't blow it. Don't give yourself high hopes of prop firm account. Be determined to learn this business by following good forex traders on YouTube, download their tutorials and take your time and learn it, at the end you will come out a better trader and won't need help from anyone to give you signal.

Thanks man

MrDoGood:


Not a problem. But posting signal here is a waste. Day trader.


Why did you choose Alpha Capital?

Is it better than fundednext?

Modified: I read you're a newbie. Please trade and practice on demo before going live.


Thanks

I'm asking because I'll be getting one next week.

I read fundednext pay 15 commission on stages

Thanks for the advice. I honestly don't know if it's better than fundednext. It was a frien that put me in this alpha capital

The Truth remains, A vast majority of those who got the Alpha Capital even from this FTA will blow it!

Many can't or don't know how to trade and still many don't know what is involved in Passing Prop Firms.

Seek Specific Knowledge before launching out into the Deep. For me, any Prop firm I'll be buying or engaging in will be from February Next Year.


For Now, I keep learning. I suggest you do the same.

Today's oil price is trading at 70.00, although it is up 0.39% from the open, it still forms a bull candlestick with a small body. The price is currently near the lower band and may retrace back within the belt. Bearish oil also seems to be triggered by declining demand from China, as Oilprice sources report that China's oil Imports slumped to the first annual decline since April. Chinese crude oil imports dropped by 9.2% year-over-year in November.

I just saw the Craaaaazzzzzzyyyyyyy spikes both Up and Down on JXY!

You bosses that trade Japanese Pairs, how do you guys do it please

See Manipulations³ abeg.

Morning folks, Today is greedy bastard day, and I hoped you folks are all geared up for a nice hunt.
With NFP coming out by 2.30 pm, it is my hope prayers + stoploss that the market god's favor us today ahhhhmiiiiin.

Been a while I posted my charts here due to personal engagement and my job also, but nevertheless here's my roadmap for today...


DOWN WITHHHH THE DOLLLLARRRR 🤑

EU and GU 👇

Gold werey

US100 and US30

Although US100 looks more clearer than US30 today

That's all that I have for now, may the market favor us today...

Oh smuck, I just realized that I used my nl backup account to post today, both Davigle7 and davigled are my monicker

DXYY:
UsOiL Sold

SL; 70.68

Tp1; 66.96

Tp2; $62/barrel

SL picked

RKTexpert:
yes it is while the UK oil is referred to Brent oil as well.

thank you for the enlightenment

attractive price action on USD/ZAR.

GBPCAD should just drop ihn drop...

DXYY:

SL picked

same here too

My update on GbpCad, have been anticipating a breakout since last week

Davigle:


same here too

We pray for better next time, however my bias haven't changed will look for a better entry.

After 12months of Forex trading, going forward am sticking to this

$100,000 = 5lots
$ 10,000 = 1 lot
$ 1000 = 0.2 lot
$ 500 = 0.1 lot
$ 100 = 0.02 lot

proper lot sizing
I have realised that this market was built in such a way that if ur greedy , u will still lose ur profits back into the market.
hope this helps some1

exceptions to this is if u have a very good A+ setup entry

I kinda disagree with you on this.

greatcheer:
After 12months of Forex trading, going forward am sticking to this

$100,000 = 5lots
$ 10,000 = 1 lot
$ 1000 = 0.2 lot
$ 500 = 0.1 lot
$ 100 = 0.02 lot

proper lot sizing
I have realised that this market was built in such a way that if ur greedy , u will still lose ur profits back into the market.
hope this helps some1

exceptions to this is if u have a very good A+ setup entry

[quote author=Ibrahimlagosian post=127376689]I kinda disagree with you on this.

kindly share your opinion on lot sizing

I am completely new here and would love to learn Forex trading. Please, advice me on how and where to start. Please don't ignore.

Multiply those lot size by 5.That's works best for me in terms of potential profits.That how I was able to flip my $4 account to $470 within 3 weeks.I thank God I wasn't too strict and stiff on my risk management.That allowed me to make more.
I would really advice you to do the same.I once traded 1 lot of Nasdaq on a $50 account and I flipped it to $120 within 2 hours.[quote author=greatcheer post=127376780][/quote]

greatcheer:
After 12months of Forex trading, going forward am sticking to this

$100,000 = 5lots
$ 10,000 = 1 lot
$ 1000 = 0.2 lot
$ 500 = 0.1 lot
$ 100 = 0.02 lot

proper lot sizing
I have realised that this market was built in such a way that if ur greedy , u will still lose ur profits back into the market.
hope this helps some1

exceptions to this is if u have a very good A+ setup entry

Don't try this!!! 5 lots size on a 100k account for what , 1 lot size on a 10k is just too much... This is an era of unlimited trading days.. Why the rush to blow or be blown?

This is from someone who has spent years in this business..

Ibrahimlagosian:
Multiply those lot size by 5.That's works best for me in terms of potential profits.That how I was able to flip my $4 account to $470 within 3 weeks.I thank God I wasn't too strict and stiff on my risk management.That allowed me to make more.
I would really advice you to do the same.I once traded 1 lot of Nasdaq on a $50 account and I flipped it to $120 within 2 hours.

what was your leverage?

Ibrahimlagosian:
Multiply those lot size by 5.That's works best for me in terms of potential profits.That how I was able to flip my $4 account to $470 within 3 weeks.I thank God I wasn't too strict and stiff on my risk management.That allowed me to make more.
I would really advice you to do the same.I once traded 1 lot of Nasdaq on a $50 account and I flipped it to $120 within 2 hours.

Luck is part of this business cheif.. Flipping a $50 into $120 in 2hours is just pure luck. That's not trading😉

greatcheer:
After 12months of Forex trading, going forward am sticking to this

$100,000 = 5lots
$ 10,000 = 1 lot
$ 1000 = 0.2 lot
$ 500 = 0.1 lot
$ 100 = 0.02 lot

proper lot sizing
I have realised that this market was built in such a way that if ur greedy , u will still lose ur profits back into the market.
hope this helps some1

exceptions to this is if u have a very good A+ setup entry

If you'd be trading a prop firm account, these lot sizes are too huge in my opinion. Look at the massive failure with infofirst 0.10lot sizes rule on a 10k account, now imagine if it were 1lot size instead? The failure would be squared.

Depends on your trading pattern though, proper position sizing is more than lot sizes. Position sizing should be based on your stoploss, then you adjust your lot size to the percentage of your account you are willing to lose per trade.

We all know Chf pips are higher than Jpy pairs. A 10pips move on a chf pair is almost equal to 15pips move on jpy pairs, so using equal lot rules won't work with this, as the loss/profit will vary.
There's money in this business, especially with this advent of prop firms if and only people will be extremely patient and learn how to trade properly.

Ibrahimlagosian:
Multiply those lot size by 5.That's works best for me in terms of potential profits.That how I was able to flip my $4 account to $470 within 3 weeks.I thank God I wasn't too strict and stiff on my risk management.That allowed me to make more.
I would really advice you to do the same.I once traded 1 lot of Nasdaq on a $50 account and I flipped it to $120 within 2 hours.

You aren't a trader but a gambler a very serious one!

Learn for free

greatcheer:
After 12months of Forex trading, going forward am sticking to this

$100,000 = 5lots
$ 10,000 = 1 lot
$ 1000 = 0.2 lot
$ 500 = 0.1 lot
$ 100 = 0.02 lot

proper lot sizing
I have realised that this market was built in such a way that if ur greedy , u will still lose ur profits back into the market.
hope this helps some1

exceptions to this is if u have a very good A+ setup entry

Calculate the daily DDif those capitals, the lot sizes are too am itious!

Example: For 1K account, the Daily DD is 50 and you're using 0.2 lot size; which means if price goes against you y 25 pips, the DD would be hit (currencies).

Using the same lot size for Gold, with just 2.5 dollar move, DD hit.

Elliotwaveforec:

You aren't a trader but a gambler a very serious one!

Lolz I wish people can still see my point from the 10% he made from sit-up challenge where he parked lotsize,I hope this view revealed what I was trying to proof to people Sha,happy jumat