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Forex Trade Alerts / Discussions: Season 24 - Business (107) - Nairaland

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Re: Forex Trade Alerts / Discussions: Season 24 by geedot: 1:05am On Feb 16
@James. I'd made up my mind not to ever comment on this thread again, and just read here every few days when I'm less busy mainly because of just two or three good traders left on this thread.

When we preach about learning before earning, some idiot.s would come out to say we are wishing them bad luck, meanwhile it's quite the opposite! For you to even contemplate on suicide shows you are weak to handle trading emotional trauma. So I'm sorry, it's better to just quit and start over and leave forex alone. It's one of the hardest job in the world.

It's not that you won't make money if you don't really understand it, but you would also lose the money you've got because you don't understand it. It's just advanced gambling in a lay man term.

What do you do now? Pick yourself up and leave fx for some time and live your life for the outside world, find and get a real job to get by. I would have loved to put you through in my own little way, but you are too emotionally invested that I doubt any mentorship or advices would work for you currently.

To the newbies out there, this is the reality. Forex money is real, you can see the money, but touching and getting the money is another thing. Know this and know peace!

It took me three months, it took some people years. And it took some people forever and they still didn't get the hang on it. Not everyone will make it. It's just the harsh truth no one is telling you about forex. Look around this thread and see examples for yourself. It's just full of below average and struggling traders.

If you are ready to learn, really learn. Follow Chris Capre, 2ndskiesforexdotcom and learn price action with support and resistance. I don't know how long it will take you, but please follow him like a sheep or Jon Snow that knows nothing, and learn everything from him.

I won't advise you pay for the mentorship program, quite expensive. I didn't pay, and yet I learned everything from him. Forex is majorly about buying and selling, so you should majorly be looking for buying opportunities at demand zones and selling opportunities at support zones. I don't know why this simple reality is hard for the average traders to follow.

Screenshot of just two trades picked up today at the resistance zones with about 30-40pips stoplosses.

7 Likes 2 Shares

Re: Forex Trade Alerts / Discussions: Season 24 by phemite194(m): 4:27am On Feb 16
EASYLIFE4US:
There are some big boys strategies that news doesn't affect, it just fuels their drive to tp faster. Anybody wey sabi those strategies abeg share am here shocked

Market structure

1 Like

Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 5:00am On Feb 16
geedot:
@James. I'd made up my mind not to ever comment on this thread again, and just read here every few days when I'm less busy mainly because of just two or three good traders left on this thread.

When we preach about learning before earning, some idiot.s would come out to say we are wishing them bad luck, meanwhile it's quite the opposite! For you to even contemplate on suicide shows you are weak to handle trading emotional trauma. So I'm sorry, it's better to just quit and start over and leave forex alone. It's one of the hardest job in the world.

It's not that you won't make money if you don't really understand it, but you would also lose the money you've got because you don't understand it. It's just advanced gambling in a lay man term.

What do you do now? Pick yourself up and leave fx for some time and live your life for the outside world, find and get a real job to get by. I would have loved to put you through in my own little way, but you are too emotionally invested that I doubt any mentorship or advices would work for you currently.

To the newbies out there, this is the reality. Forex money is real, you can see the money, but touching and getting the money is another thing. Know this and know peace!

It took me three months, it took some people years. And it took some people forever and they still didn't get the hang on it. Not everyone will make it. It's just the harsh truth no one is telling you about forex. Look around this thread and see examples for yourself. It's just full of below average and struggling traders.

If you are ready to learn, really learn. Follow Chris Capre, 2ndskiesforexdotcom and learn price action with support and resistance. I don't know how long it will take you, but please follow him like a sheep or Jon Snow that knows nothing, and learn everything from him.

I won't advise you pay for the mentorship program, quite expensive. I didn't pay, and yet I learned everything from him. Forex is majorly about buying and selling, so you should majorly be looking for buying opportunities at demand zones and selling opportunities at support zones. I don't know why this simple reality is hard for the average traders to follow.

Screenshot of just two trades picked up today at the resistance zones with about 30-40pips stoplosses.

The issue of suicide and emotional trauma

I'd say this, let's not criticise him because you do not know the full story

He only told us part of it, there are probably other challenges he is facing in addition

And if you say suicide should never enter one's mind,

What advice would you give to a terminally ill cancer patient considering suicide?

What advice would you give to a young boy in prison who is being sexually assaulted every night who is contemplating suicide?

There are many other situations like this.

4 Likes

Re: Forex Trade Alerts / Discussions: Season 24 by geedot: 5:31am On Feb 16
Geovanni412:


The issue of suicide and emotional trauma

I'd say this, let's not criticise him because you do not know the full story

He only told us part of it, there are probably other challenges he is facing in addition

And if you say suicide should never enter one's mind,

What advice would you give to a terminally ill cancer patient considering suicide?

What advice would you give to a young boy in prison who is being sexually assaulted every night who is contemplating suicide?

There are many other situations like this.
I'm not talking down on him as you can see from the post above. I gave an alternative as to why he should leave this business for sometime to get over whatever it is he's feeling right now.

This is the reality of this business. Go demo and do 10% profit with proper risk 3times in a row before getting a 5k prop account. If you fail. Go back again and trade the demo for 10% profit twice in a row again and get another 5k account. Going through these two phases I mentioned above should take a year already. No one is ever gonna go bankrupt by getting two 5k prop account a year in my opinion.

People are eager to earn in this business, when they haven't properly learned. You have to take your time since you could even lose your money in the attempt of making some. And another point I see people mention here all the time is go through your failed trades during the weekends to see why they failed and work on them.

This is wrong, you will always have failed trades no matter how good the setups or your strategy is. That doesn't make your strategy a bad one or the setups, or you have to analyze why they failed. Before you know it, you start tweaking every weekend to avoid losing. We know how that ends up.

Whatever has happened has happened, I have no control over it. I'm just trying to advise others from going through the same route. I never meant to sound harsh, maybe I just didn't know how well to pass my message across enough.

How are you doing by the way Geo?

2 Likes

Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 6:04am On Feb 16
geedot:
I'm not talking down on him as you can see from the post above. I gave an alternative as to why he should leave this business for sometime to get over whatever it is he's feeling right now.

This is the reality of this business. Go demo and do 10% profit with proper risk 3times in a row before getting a 5k prop account. If you fail. Go back again and trade the demo for 10% profit twice in a row again and get another 5k account. Going through these two phases I mentioned above should take a year already. No one is ever gonna go bankrupt by getting two 5k prop account a year in my opinion.

People are eager to earn in this business, when they haven't properly learned. You have to take your time since you could even lose your money in the attempt of making some. And another point I see people mention here all the time is go through your failed trades during the weekends to see why they failed and work on them.

This is wrong, you will always have failed trades no matter how good the setups or your strategy is. That doesn't make your strategy a bad one or the setups, or you have to analyze why they failed. Before you know it, you start tweaking every weekend to avoid losing. We know how that ends up.

Whatever has happened has happened, I have no control over it. I'm just trying to advise others from going through the same route. I never meant to sound harsh, maybe I just didn't know how well to pass my message across enough.

How are you doing by the way Geo?

Doing good but this heat is a killer

Drinking water alone won't cut it, one needs to consume as much vegetables as possible (onions and the likes) to avoid kidney issues

Anyway,

I know you meant well by the post

But I was trying to address a bigger issue wherein people think that they have answers to all terrible situations that make people suicidal.

We don't. Some of us are better off hoping to not be in such situations.

On the issue of failing trades,

My belief is that it is not sth you do every weekend. You need to do it once over a three month period to see why you are failing and stop making those mistakes.

You use the failures to develop your strategy. You will still lose with the strategy but at least you know it is badluck rather than village people.

Btw, I think the biggest issue other than strategy is trading competitions.

Boss Gabson said it here and I've experienced it personally, I will be doing well in the bootcamp acct then all of a sudden, I lose discipline. If I had bad risk mgt, I would be way below the 1% DD on the accts I have.

Trading competition and prop firm acct is dangerous. It is like watching porn and expecting not to masturbate. The bad habits from the competition acct will bleed over to the prop firm acct at some point. The when is what you don't know.

1 Like 1 Share

Re: Forex Trade Alerts / Discussions: Season 24 by realone12(m): 7:07am On Feb 16
Lanshile:
Boss man blue berry is still working with maven trading
yea, but I had they are going with eight cap

1 Like

Re: Forex Trade Alerts / Discussions: Season 24 by PriceActionZ: 7:15am On Feb 16
rhynoemmie:


Are these niggas back..

Passed their phase 1 last year and they folded due to some issues!!

Phase 2 details, I no see

Don't know about now tho!!

Kotfx is a modernization scammer, if there is any word like that 😂. I saw right in my face, how they opened multiple trades with high lots on my behalf , I froze. I passed their monthly challenge then after fulfilling their conditions and was waiting for the competition to finish only to see my account balance deflated, I weak.
infact when I saw some trades that were lost and I never remember of opening them, I started monitoring them. I started recording my screen, I caught them twice, opening heavy lots and when goes to negative, they will close it,....hahaha.. I forwarded the videos to my friend. As we were about to take actions, they stopped the challenge, sighting glitches on their platform and backend. They are Thief and bigger , smart thief. I have to stop using them long ago. Immediately after that events, from that day, they have been bombarding me with big promo package, like deposit $100 and they will credit $200 bla bla ..instead of them to solve what has happened and build their trust.
Then any brokers that keep modifying their terms and conditions almost every week or month don't want you succeed. Because there is no way it can favour you, they will have a reason not to pay you.
Australia has one of the best regulated bodies ASIC, anyone that wants good broker, should go for Australian brokers that won't give Nigeria any issues. Unless you are a Nigerian living in the states and don't have naija documents.
Many now even accept crypto with zero commission in deposit. Fusionmarkets is an example not all these mushroom thieves.

2 Likes 1 Share

Re: Forex Trade Alerts / Discussions: Season 24 by FXcandles(m): 7:44am On Feb 16
Oil prices rose again to level 77 after dropping to a low of 75 for USCrude, according to Bank of America Global oil demand continues to rise and will keep increasing for years, but the annual rate growth may have already peaked. In the long term, OPEC sees robust demand and raised significantly its long-term estimate in its latest annual World Oil Outlook, with global oil demand seen at around 116 million bpd in 2045.

1 Like

Re: Forex Trade Alerts / Discussions: Season 24 by DCroc: 7:59am On Feb 16
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Re: Forex Trade Alerts / Discussions: Season 24 by Peterfx01(m): 8:18am On Feb 16
Geovanni412:


Not trading the news on any acct

But to me,

I think it is bearish for usdchf and bullish for eurusd and the likes

I am making this evaluation based on the bearish structure on 4h so far today on usdchf and the lack of consolidation heading into the news.


Pending order was never triggered
Re: Forex Trade Alerts / Discussions: Season 24 by Peterfx01(m): 8:32am On Feb 16
Buying EU and GU now
Re: Forex Trade Alerts / Discussions: Season 24 by Peterfx01(m): 8:34am On Feb 16
Buying GU and EU now
Re: Forex Trade Alerts / Discussions: Season 24 by haryodehjia(m): 8:39am On Feb 16
jamesilas:

If the top bosses here like gabson, infofirst etc can have other source of income why will you sell all your stuffs to get money for trading.. O wrong nau

Gabson have always emphasized that make sure you get other source of income than depending on trading..

Pls stay calm and everything will be alright sir.. Be strong

3 Likes

Re: Forex Trade Alerts / Discussions: Season 24 by Peterfx01(m): 8:45am On Feb 16
My guy jamesilas
Suicide is never an easy way out of pain but a faster way to greater pain my man what really makes success in forex is the story behind the journey like a quote i remember, you've seen what it's like to loose everything because of forex why not stick a little longer to see what's like to gain everything you ever wanted because of forex, as said by some wise individuals here get a side income and don't put all your eggs in the forex basket get a risk free income source to support your risky income source i won't say much but you have to man up your not the first in that situation get your head up and work with you've got now

1 Like

Re: Forex Trade Alerts / Discussions: Season 24 by Fxwarrior: 9:08am On Feb 16
EASYLIFE4US:
There are some big boys strategies that news doesn't affect, it just fuels their drive to tp faster. Anybody wey sabi those strategies abeg share am here shocked

You're very close to consistent profitability without knowing.

News trading is profitable depending on your attitude and attention to it.

Mark out days in a month that you believe news will impact on the market.

I have backtested it and it's very promising. Overtrading and greed are the bane of forex traders.
I tried the strategy on gold this month and it generated about 300 pips in 2 trading days.
For this February, it brought 3 trading days. Just imagine the potential on the long run.

Make pips, keep pips, repeat is what it's all about.

The 3rd trading day is 26th of February. You'll understand it by then. Remember it's the long run that matters and risk management should be there too.

5 Likes 2 Shares

Re: Forex Trade Alerts / Discussions: Season 24 by Fxwarrior: 9:11am On Feb 16
Traders react in the same way in anticipation of a news. Don't trade a news immediately it's released or just before release.

Trade it about 6 - 10 hours before release and close your trade about 30 minutes to 1 hour before release.
Make of this what you will or argue it. Good luck.

3 Likes

Re: Forex Trade Alerts / Discussions: Season 24 by Fxwarrior: 9:13am On Feb 16
The potential trading days rarely passes 10 trading days.

On the average, it's 5 trading days in a month but it's HUGE.
Re: Forex Trade Alerts / Discussions: Season 24 by Fxwarrior: 9:44am On Feb 16
More details coming later I'm off to work.
Re: Forex Trade Alerts / Discussions: Season 24 by peteregwu(m): 10:29am On Feb 16
Don't play around with suicide. The taught of it should die an instant death. One of my elder brother called me one day that he wanted to commit suicide, but something kept holding him back. He said it was because he believed that I'd he does it, he would end up in hell fire and because of it, such taught is dead. He has to deal with his problem squarely. I told him good for you and thank God you have such knowledge and believe in it.

If you don't have knowledge about God and after life, you will live anyhow and do things anyhow. I was watching a video on twitter where a young man withinbthr age of 25-30 walk into an express road, waited for a trailer running fast on the road, he jump underneath it and the trailer rolled over him and that was his end. This guy was a Nigerian and it happened in Lagos. I was so mad watching thay video.

He was gone. Now, he put his family into sorrow; his parents would be in tears and sorrow for many months if not years to come and his siblings will live by the horror of such scenes. It is selfishness and Wickedness that makes people to commit suicide. Forget about the bad things they experience that makes them want to try such thing.

If you love your family, friends, neighbours your members in the church, and for God, you will never try such evil on yourself because whatever you are going through, there are some that went through it and they overcame and some never overcame they fought till their death without killing themselves.

So no matter what you are facing out there and you are having the taught of suicide, it's because you are a coward and a wicked person that has no love for others.

A suicidal person is a murderer and that is how God sees them and the reason they can never be accepted by God because God says, "that shall not kill" (the bible).

3 Likes

Re: Forex Trade Alerts / Discussions: Season 24 by LincolnOnyeabor: 10:31am On Feb 16
cry cry cry
TFT Challenge Account Daily Drawdown breaches since on Tuesday self and I didn't know.

Took the account from -7% DD cause by CPI on Tuesday to about +6% yesterday.

Well we keep learning sha.

Now I know what Daily Drawdown means.

We moooouuuuvvveeeeee. I don open FundedNext Free Trail Account sha.

Let's get it
Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 10:36am On Feb 16
DCroc:


Omo d heat tie wrapper, even floor no dey cool again sef

Bros, heat don turn SE to Gwagalada pro max

I advise everyone to take enough fruits and vegetables this period especially fruits with high water content

If you know spend the money on am, you go spend am on hospital.
Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 10:41am On Feb 16
peteregwu:
Don't play around with suicide. The taught of it should die an instant death. One of my elder brother called me one day that he wanted to commit suicide, but something kept holding him back. He said it was because he believed that I'd he does it, he would end up in hell fire and because of it, such taught is dead. He has to deal with his problem squarely. I told him good for you and thank God you have such knowledge and believe in it.

If you don't have knowledge about God and after life, you will live anyhow and do things anyhow. I was watching a video on twitter where a young man withinbthr age of 25-30 walk into an express road, waited for a trailer running fast on the road, he jump underneath it and the trailer rolled over him and that was his end. This guy was a Nigerian and it happened in Lagos. I was so mad watching thay video.

He was gone. Now, he put his family into sorrow; his parents would be in tears and sorrow for many months if not years to come and his siblings will live by the horror of such scenes. It is selfishness and Wickedness that makes people to commit suicide. Forget about the bad things they experience that makes them want to try such thing.

If you love your family, friends, neighbours your members in the church, and for God, you will never try such evil on yourself because whatever you are going through, there are some that went through it and they overcame and some never overcame they fought till their death without killing themselves.

So no matter what you are facing out there and you are having the taught of suicide, it's because you are a coward and a wicked person that has no love for others.

A suicidal person is a murderer and that is how God sees them and the reason they can never be accepted by God because God says, "that shall not kill" (the bible).

Chief, I'd appreciate you retract the bolded unless you have been in truly extreme situations

A girl that is raped by her father daily and commits suicide.

Would you call her a murderer?

The patient suffering from terrible pain during cancer that commits suicide

Would you call him a murderer?

The world is too complex to put things in boxes.


Source:
https://www.hindustantimes.com/india-news/manipur-teen-repeatedly-raped-by-father-dies-by-suicide-say-police-101661194742354-amp.html
https://news.harvard.edu/gazette/story/2023/03/patients-undergoing-surgery-for-cancer-face-higher-risk-of-suicide/

3 Likes 1 Share

Re: Forex Trade Alerts / Discussions: Season 24 by DCroc: 11:42am On Feb 16
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Re: Forex Trade Alerts / Discussions: Season 24 by DCroc: 11:45am On Feb 16
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1 Like 1 Share

Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 11:46am On Feb 16
Peterfx01:
Buying EU and GU now

I agree on this

But it is a bit dicey, usdchf is at a range at the top. It could breakout either way but I think eurusd and gbpusd are bullish

Reasons for this is strong downward momentum on usdcad and bullish momentum on stock indices like spx500.

However, I don't trade news so dyor, folks.
Re: Forex Trade Alerts / Discussions: Season 24 by seeteazain(m): 11:48am On Feb 16
Omo FTMO commission na die 😞

Re: Forex Trade Alerts / Discussions: Season 24 by MONEY247: 12:08pm On Feb 16
$1 = ₦1600
Then it would jump to 2k then so on...

They would introduce the ₦5000 note very soon, so that plenty Naira won't be many to carry...

Once they borrow again, expect your Naira to depreciate.... another factor that has put the Naira here is too much foreign loans...

God bless Nigeria
Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 12:42pm On Feb 16
realone12:
why you even dey buy account when you are not fully sure of yourself.. I have done that before, and I got burnt.. stop buying account for now.. instead take your time to learn and be sure of yourself. if you must still take a challenge, enter Twitter and hustle for giveaways like a school drop out. Asin get dirty.. have no shame coz the naira to dollar exchange rate is not funny now

as a matter of fact, I just won a 5k challenge account on Twitter today..

don't worry, everything will be alright bro. just keep believing

Jameselias, please, hang on and keep believing
Re: Forex Trade Alerts / Discussions: Season 24 by richgen(m): 1:04pm On Feb 16
@jameselias,

I know this is a cry for help and not that you really want to do it.

You will definitely bounce back if you stick to your vision that you dream for yourself achieving in forex.

Think long term and know that it's a process which you must grow through like you're currently doing.

Kindly go back to your barbing and start working from home and offering home service.

Meanwhile, you should continue to learn forex trading proper this time around via demo and trading it as real money until you know that you can conveniently and consistently make increased profit.

Please and please while learning and practicing with demo be real to yourself and never lie to you about your progress.

You'll be fine. I promise you.

Note guys: Many persons that come online to say they're tired of life due to whatever challenges they've faced or facing do not really want to do such but it's their way of crying out for help.

3 Likes 1 Share

Re: Forex Trade Alerts / Discussions: Season 24 by Peterfx01(m): 1:08pm On Feb 16
EU respected the buy but GU did a sl hunt before respecting the buys market has just been playing back forth these past weeks but i sha know when the win streak will come I'll be ready to maximize
Re: Forex Trade Alerts / Discussions: Season 24 by TradingGod: 1:14pm On Feb 16
jamesilas please for the Love of God, stop condemning yourself because that is the root cause of your depression


We all have made mistakes and if we decide to list them out, this thread will not be able to contain them

Mistakes are part of life, what is more important is to learn from it and move on as tho it never happened after all you forget about people mistakes so why can't you forget about your own too.


What you need right now is to;

1. Get close to God because God will never condemn you for what you did,

Romans 8:1 So now there is no condemnation for those who belong to Christ Jesus. cheesy

Romans 8:28 And we know that all things work together for good to them that love God, to them who are the called according to his purpose. grin

St. John 8:10 When Jesus had lifted up himself, and saw none but the woman, he said unto her, Woman, where are those thine accusers? hath no man condemned thee?
St. John 8:11 She said, No man, LORD. And Jesus said unto her, Neither do I condemn thee: go, and sin no more. wink

Proverbs 3:5 Trust in the LORD with all thine heart; and lean not unto thine own understanding.
Proverbs 3:6 In all thy ways acknowledge him, and he shall direct thy paths. smiley



2. Restargize your life, if you can go back to barbing business please do and if you have a supporting family and friends that can help you to stand on your feet that is a bonus too.



3. Go back and learn a simple Swing trading forex strategy that only talks about market structure, support and Resistance and candlesticks pattern.

Practice this simple swing trading strategy on a demo account and if you think you have found your edge, you can try to get a free account through giveaway or through any of this propfirm monthly competition


angry Finally cut of yourself from any idíot both online and offline that will try to condemn as if they have not made mistakes before this is because it is the devil trying to use those idïot to condemn you hoping that you accept those condemnation that will lead to depression


Always Remember that LORD JESUS CHRIST LOVES YOU NO MATTER WHAT kiss
I Love you no matter what embarassed
And the whole Nairaland FTA Family Loves You no matter what tongue
ONE LOVE 💗

6 Likes 3 Shares

Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 1:23pm On Feb 16
TradingGod:
jamesilas please for the Love of God, stop condemning yourself because that is the root cause of your depression


We all have made mistakes and if we decide to list them out, this thread will not be able to contain them

Mistakes are part of life, what is more important is to learn from it and move on as tho it never happened after all you forget about people mistakes so why can't you forget about your own too.


What you need right now is to;

1. Get close to God because God will never condemn you for what you did,











2. Restargize your life, if you can go back to barbing business please do and if you have a supporting family and friends that can help you to stand on your feet that is a bonus too.



3. Go back and learn a simple Swing trading forex strategy that only talks about market structure, support and Resistance and candlesticks pattern.

Practice this simple swing trading strategy on a demo account and if you think you have found your edge, you can try to get a free account through giveaway or through any of this propfirm monthly competition


angry Finally cut of yourself from any idíot both online and offline that will try to condemn as if they have not made mistakes before this is because it is the devil trying to use those idïot to condemn you hoping that you accept those condemnation that will lead to depression


Always Remember that LORD JESUS CHRIST LOVES YOU NO MATTER WHAT kiss
I Love you no matter what embarassed
And the whole Nairaland FTA Family Loves You no matter what tongue
ONE LOVE 💗

Baba, JamesElias is not a Christian

See his dp and his earlier topics

He seems more of a free thinker.

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