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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts: Season 23 (468679 Views)
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Re: Forex Trade Alerts: Season 23 by Bimmarlykay(m): 9:34pm On Dec 30, 2023 |
kozmicity: Boss you won't believe i panicked and close for small profit... only for market to come down my TP, i hate GU and UJ with passion. 2 Likes 1 Share |
Re: Forex Trade Alerts: Season 23 by samfelly: 9:43pm On Dec 30, 2023 |
TradingGod: https://t dot me/The5ersFund Copy and edit to replace dot with normal and clear the spaces |
Re: Forex Trade Alerts: Season 23 by wuyexzy01: 9:48pm On Dec 30, 2023 |
superintendents:I no fit cut u soap! Go buy ur own! Dm ur aza mke I sponsor ur soap. Plus mke u buy yogurt mke I take wash the account for you! Plus a eur/gbp chart markup. A solid sell from my side with S.L above 0.87195. 3 Likes 1 Share
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Re: Forex Trade Alerts: Season 23 by Davigle(m): 9:54pm On Dec 30, 2023 |
Bimmarlykay: Me ah don leave currencies for wuna, come 2024 na gold and US30 I dey focus on for my day trading and then crude oil and bitcoin for swing trades ah no dey look pass this pairs 2 Likes 1 Share |
Re: Forex Trade Alerts: Season 23 by superintendents(m): 9:54pm On Dec 30, 2023 |
wuyexzy01:OG..I be your right hand man, abeg oo |
Re: Forex Trade Alerts: Season 23 by superintendents(m): 9:57pm On Dec 30, 2023 |
Re: Forex Trade Alerts: Season 23 by Crumbian: 10:08pm On Dec 30, 2023 |
So, I decided to read about prop firms today, about how it works. Turns out, your daily draw down is basically your capital. You lose more than that, in most cases, you're fvckt. So, you've got a 10k account with a 5 percent daily DD? Your capital is 500 dollars. Lets say you decided to risk 0.5% of the 10k, which is 50 dollars, your lot size shouldn't be more than 0.13 right? Nice, except by risking 0.5 percent of the 10k, you're risking 10% of your actual capital, 500 dollars. If you're risking 1% of the 10k, You're risking 20% of that 500 dollars. Now, if you have 500 dollar to trade, as in your personal funds, would you risk 10% or 20% of it in one trade? I doubt that. And some people will open 3 or more trades at the same time. Sometimes with inappropriate lot sizes. These prop guys know what they're doing but a very good trader - which i'm not (yet) - will still fvck them PS: If there's something that I missed, please correct me. 7 Likes 1 Share |
Re: Forex Trade Alerts: Season 23 by TradingGod: 10:18pm On Dec 30, 2023 |
samfelly:thanks mate 👍 1 Like |
Re: Forex Trade Alerts: Season 23 by samfelly: 10:19pm On Dec 30, 2023 |
realone12: I am happy for you o, boss. Make sure to use this one drag in more and bigger fishes o. I wan eat in your overflow in 2024
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Re: Forex Trade Alerts: Season 23 by samfelly: 10:34pm On Dec 30, 2023 |
TradingGod: I guess that is what will give KYC some challenge (I guess) |
Re: Forex Trade Alerts: Season 23 by samfelly: 10:42pm On Dec 30, 2023 |
wuyexzy01: CONGRATULATIONS, soft boss. Abeg, use this one rise and join them at the top. I want to hear from you if Asake was right |
Re: Forex Trade Alerts: Season 23 by Mystiquefia: 10:57pm On Dec 30, 2023 |
PraiseGod4u: u think say na only Africans dey do Yahoo? |
Re: Forex Trade Alerts: Season 23 by BrightFuture48: 10:58pm On Dec 30, 2023 |
samfelly:Please which payment option to use?I tried stripe it wasn't going thru. |
Re: Forex Trade Alerts: Season 23 by Mystiquefia: 11:01pm On Dec 30, 2023 |
realone12: Congrats boss |
Re: Forex Trade Alerts: Season 23 by realone12(m): 11:13pm On Dec 30, 2023 |
samfelly:thanks boss. how far about your ftmo challenge, hope it's moving fine? me too wan in your overflow next year abeg |
Re: Forex Trade Alerts: Season 23 by samfelly: 11:14pm On Dec 30, 2023 |
BrightFuture48: Good of you to have taken the advice to have your Chipper Cash for use. Things will be easier going forward. As a matter of fact, every traders should have all the appropriate wallets (Riseworks, Wise, Deel, Binance, PayDay, and ChipperCash, to list a few) handy. It was STRIPE I used. Visit your email box to see if you need to confirm something sent from LINK 3 Likes |
Re: Forex Trade Alerts: Season 23 by samfelly: 11:18pm On Dec 30, 2023 |
realone12: Yeah, we will definitely eat from each other's tables, come 2024. Thanks for asking, my FTMO challenge is building up |
Re: Forex Trade Alerts: Season 23 by BrightFuture48: 11:26pm On Dec 30, 2023 |
samfelly:Many thanks Big Sam, the payment has been approved! The chipper cash is seemless. Nice to have it handy now. @smilinguy thanks also for the hint given this morning it really helped. Modified: My account credentials just receive in my inbox. 1 Like |
Re: Forex Trade Alerts: Season 23 by wuyexzy01: 12:10am On Dec 31, 2023 |
Crumbian:Yes treat 10k account like ur real 500bucks but that lot size is way overboard... to be conservative dnt go above 0.05 and keep ur peace of mind. |
Re: Forex Trade Alerts: Season 23 by wuyexzy01: 12:11am On Dec 31, 2023 |
samfelly:We kuku no go fall! Happy new year in advance!! |
Re: Forex Trade Alerts: Season 23 by VeeVeeMyLuv(m): 1:43am On Dec 31, 2023 |
MattL CEO MyFundedFX Happy New Years to Everyone! Except the following 1. Chargeback Fraudsters 2. Deel for cutting the industry off 3. HFT firms 4. Children trading with their grandmas ID cards 5. Whoever is whitelabeling prop firms for $3 and a pat on the back |
Re: Forex Trade Alerts: Season 23 by TradingGod: 2:44am On Dec 31, 2023 |
Crumbian: Risk 0.2% per trade and have peace of mind 😌 |
Re: Forex Trade Alerts: Season 23 by greatcheer(f): 4:42am On Dec 31, 2023 |
BrightFuture48: abeg what is this about, seems am missing in action |
Re: Forex Trade Alerts: Season 23 by greatcheer(f): 4:44am On Dec 31, 2023 |
BrightFuture48: is it everybody that buys they'll give a challenge account. is it late for me, |
Re: Forex Trade Alerts: Season 23 by greatcheer(f): 4:48am On Dec 31, 2023 |
wuyexzy01: yes I see the sell too for eurgbp. |
Re: Forex Trade Alerts: Season 23 by DXYY: 4:57am On Dec 31, 2023 |
samfelly: Omor, how KYC take link to payment ,will check though 1 Like |
Re: Forex Trade Alerts: Season 23 by PraiseGod4u(m): 5:57am On Dec 31, 2023 |
Mystiquefia: You made it sound as though it's the new format yahoo boys here are now using that's why I asked.. Yes there are scam prop firms but the red flags are so glaring that a smart trader shouldn't be falling into them, aside the unexpected like myforexfunds and maven |
Re: Forex Trade Alerts: Season 23 by LincolnOnyeabor: 6:20am On Dec 31, 2023 |
Crumbian: Anyone who is serious in this Business ought to know this na. But one needs to treat Props with the mindset of winning and not Pampering them. If one can risk 0.50 percent of the actual $500, with a steady 1:3-4 RR and A setups, one can be funded in time. Still learning sha. Greetings to all the Bosses here and bigups to Boss GabsonFX2. 2 Likes |
Re: Forex Trade Alerts: Season 23 by Crumbian: 6:21am On Dec 31, 2023 |
wuyexzy01: The lot size was calculated with a 40 pips SL and the assumption of a 1:1 RR at least. If the trader uses a 20 pips SL and a 1:2 RR at least then the lot size should be 0.25. All this makes sense if you open just one trade at a time. |
Re: Forex Trade Alerts: Season 23 by Crumbian: 6:25am On Dec 31, 2023 |
TradingGod: No rest (or peace of mind) for the wicked. "B-but I'm not wicked" you say? You are. You want to make money. |
Re: Forex Trade Alerts: Season 23 by greatcheer(f): 6:47am On Dec 31, 2023 |
@samfelly @all chipper account opened successfully. about to make a naria deposit of 5k. so am waiting for it to be enabled. After that what next please, make una no leave me for junction mbok |
Re: Forex Trade Alerts: Season 23 by Mystiquefia: 6:48am On Dec 31, 2023 |
PraiseGod4u: . |
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