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Forex Trade Alerts / Discussions: Season 24 - Business (237) - Nairaland

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Forex Trade Alerts: Season 23 / Forex Trade Alerts: Season 22 / Forex Trade Alerts: Season 20 (2) (3) (4)

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Re: Forex Trade Alerts / Discussions: Season 24 by AK284(m): 1:42pm On May 04
Hello guys.
Happy weekend
Please what's the easiest way find props like fundednext from Nigeria ?
At least we know binance cryto funding (PSP) not possible again in Nigeria.
Re: Forex Trade Alerts / Discussions: Season 24 by LincolnOnyeabor: 2:11pm On May 04
susaeta:
If you’re using Deriv to trade, you can fund your account with as low as $1 and also withdraw from your account as low as $1. Very swift and smooth. Agent is tested and trusted. Chat me up on telegram @dchossen1 for the group linK.

I've dropped this here before.

It's Headway. You can deposit even $1 self and payout na Minutes.

I can drop their link if you need it sir.
Re: Forex Trade Alerts / Discussions: Season 24 by Lonestar124: 2:21pm On May 04
Donsheddy:
Anybody tell me why this boy did not continue selling but bought instead πŸ€”πŸ€”
News effect, it normally happened when a session want to open...you can't predict the direction of the market..

It is not advisable for one to open a trade and put stoploss or target profit after that you off your internet data, No! you monitor the trade except you trust your stoploss..

In this such hour, you fellow the candlestick upward and downward and close your trade immediately when the candlestick reverse(scalping)

3 Likes

Re: Forex Trade Alerts / Discussions: Season 24 by Peterfx01(m): 3:03pm On May 04
Link to free 10k account with fx2 trading is on telegram channel if interested go check it out

1 Like 1 Share

Re: Forex Trade Alerts / Discussions: Season 24 by PriceActionZ: 3:22pm On May 04
F1re:


Idk what you mean by low account opening though, but Exness ticks all of the boxes, deposit is 10$, which is around 13,500 Naira, and their spread is decent.
Ok thanks bro.
Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 3:47pm On May 04
GabsonFX2:
Yes, desperation sets in πŸ’― undoubtedly, you cannot escape that.

You are good, yes that is established but I believe what you need is the tool that will completely remove desperation. Hence, my advice: I would have advised you to fund a live personal account of $100, trade diligently and live on that but hell no, the desperation to make the daily living will blow that account. Therefore, I will strongly advise you to obtain a challenge account of about $10K, give someone you trust to pass it for you then get the funded account back.

Now you have 10% of that to play with, that's $1K capital. I believe you should be able to live on that and even buy more challenge...we are now in a fast moving world.

Selah!

At the bolded, 101% correct.

1 Like

Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 3:49pm On May 04
EFGH:
So I start learning how to trade FX few weeks ago, here is my gain for today being 03/05/202.

Egungun becareful na express you dey go
cheesy grin grin
Re: Forex Trade Alerts / Discussions: Season 24 by peteregwu(m): 3:50pm On May 04
peteregwu:
On GBPJPY, I am looking forward to going long if I could see a touch of the 192.008 level; my target would be 196.065....thats about 400pips. Risky though. 🀞

Lost GBPJPY yesterday.
Re: Forex Trade Alerts / Discussions: Season 24 by peteregwu(m): 3:50pm On May 04
peteregwu:
On USDDKK, I am going short.

On USDDKK, it's still falling and getting closer to tp

3 Likes

Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 3:51pm On May 04
EFGH:


Why you the put fear for my body?πŸ˜€

Maybe you be pro, but dey find wetin dey our mouth cheesy
Re: Forex Trade Alerts / Discussions: Season 24 by peteregwu(m): 3:53pm On May 04
peteregwu:
On UKOIL (BRENT), selling with just small position, Risky trade.

On Brent (UKOIL), it's almost close to tp

1 Like

Re: Forex Trade Alerts / Discussions: Season 24 by peteregwu(m): 3:54pm On May 04
Peterfx01:
Link to free 10k account with fx2 trading is on telegram channel if interested go check it out

Which one is fx2?
Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 4:02pm On May 04
Cashhy11:
First and foremost, that candle you believe should keep sending the price down is a news candle, so shouldn't be relied upon too much.
Let's leave the candle alone now and go into FX101. That cyan horizontal line with 2283 zone was a 4hr timeframe support created on Wednesday, the yellow horizontal line with 2285 zone was a daily support created on Wednesday too. These zones are candle closures.
Price came close on Thursday and reversed again, then the almighty NFP couldn't break it either with three different 30minutes candle. They all couldn't close beneath it, which signifies a very strong buying pressure. Please why would anyone still be selling to such support zones

It didn't fully qualify as a setup I would have taken hence why I didn't, and because the 3pm news also just occured.
I remember you made one statement about News sending market to where it's intended to go? Why did this fail then?
Please other guys in the house can pull up their charts also and let's discuss this so as to learn from one another. Thanks.

Abeg, make una contribute o, I wan learn more
Re: Forex Trade Alerts / Discussions: Season 24 by peteregwu(m): 4:02pm On May 04
DXYY:


I thought you said forex is easy, you were even abusing and calling people names cos they shared there opinion.

Bros, leave them ooo... Sebi na here we dey dey observe. "forex is easy". Someone even saw gabson funded account result and was shouting thag it's a prove that forex is easy not even considering the years that gabson has suffered in the hand of forex too. Make we continue dey joke sha... I dey my dey... 😁😁

3 Likes

Re: Forex Trade Alerts / Discussions: Season 24 by MrCuteking(m): 4:17pm On May 04
Hello everyone, please I want to know if this new info about opay, monie point and other banks about crypto means we can’t deposit into mt5 account using brokers like Exness again.
Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 4:27pm On May 04
With these new rules introduced into prop space, bigger accounts will fall out, as well. I know some bosses here will definitely love to try their hands on them bigger account size cheesy

One more thing, these new rules will definitely help some struggling traders get disciplined

Re: Forex Trade Alerts / Discussions: Season 24 by peteregwu(m): 5:06pm On May 04
peteregwu:
On EURUSD, I am looking forward to a long position if I could just see a bit of a retracement towards 1.06400 level, then I would go long and target 1.08728. That's roughly about 200pips+

EURUSD also getting closer to tp.

4 Likes

Re: Forex Trade Alerts / Discussions: Season 24 by PriceActionZ: 5:52pm On May 04
dmahn:


Protecting our equity sometimes is better than staying confident, it's normal for trade to reverse and stop us at BE.. But letting a good winner turns into a looser isn't right for our psychology..

. Trade journal proved to me that I am my biggest enemy and not the market

At the bolded, I have to totally agree with you 100 percent.
I could remember when I used to scalp actively years back and used to double my account easily in a month. Cutting losses faster was what really helped me. Though it required screen time, but it's worth it. I developed a strategy then with an EA , trading on 15secs setup that runs on 1min chart like a tick trading. Yes, 15secs chart. The SL is 20 Pips and the target is 30pips. The EA was configured in such a way that if it moved like 15 Pips in my favour, it jumped to BE and locked like 4 pips and trail like 7 pips for every 5 pips moves furthermore in my favour. With this, I can easily make 20 pips plus, per trade and repeat like 2 to 3 times daily. If it goes against me, in more than 10 pips , I can easily cut my losses depending on what I see.
The beauty of it is that it worked well most of the time because I trade high probably trades.

I hung around major areas and also around the opening of 15mins, 30mins or 1hr candles and also keep my eyes on the way they closed. No matter how, it must go somewhere, so getting a few 10s of pips and lock it was not difficult. Also for every candle that closed in a wick, it has a meaning, every pullback is important to someone., somewhere with heavy lots.
Only GJ or UJ i used to trade especially GJ.
I believe and know that a lot of core scalpers that are not renko traders, trade as a tick scalper on sec charts. For every pullback, someone is making money. It is being debated on reddit a few days ago with hundreds of feedback this same cutting losses and pushing the SL to break even asap and locking pips because the dynamics of the market in recent times has changed and many successful traders admitted that, that's what is helping them as a day trader or scalpers. The market has changed alot. That is why you see someone over confidence that a running profit will hit his tp, but instead of running away for some good pips, after a few moments, his or her SL is hit instead, and will be wondering what went wrong. There are lots of counter order flows to create liquidity with heavy lots to rake as many SL as possible. So you have to know when to stand by, get in, cut losses and get out.
I abandoned that strategy like 2 years ago when I gave a break. And came back recently when a friend introduced another strategy to me. And his strategy has been rough kind of. Thank God I have those files in my drive. I have revisited them again to be used.
I will share my demo or so soon.
For swing traders, well, successful ones know the game already. And they can manage their losses and wide SL.
But for someone like me with a few hours of screen time to monitor trades, one needs to be creative and have an edge that works with his strategy.
I hate running profits turning to losses all the time and it's very common now.
Warren Buffet: RULE 1; In a currency or stock market, never lose your money
RULE 2; never forget rule 1.

2 Likes

Re: Forex Trade Alerts / Discussions: Season 24 by PriceActionZ: 5:57pm On May 04
samfelly:
With these new rules introduced into prop space, bigger accounts will fall out, as well. I know some bosses here will definitely love to try their hands on them bigger account size cheesy

One more thing, these new rules will definitely help some struggling traders get disciplined
This is rubbish jare. It's better to trade your personal live account than this rubbish. Why must they limit my gain to 2 percent daily? They know that a lot of people are raking profits from FX prop, so they re indirectly after your challenge money Nd not a real funded prop firm , anyone that gives rule like this. 99.99 percent of their traders wil never try this on bigger accounts. They will choke them.
Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 6:41pm On May 04
PriceActionZ:

This is rubbish jare. It's better to trade your personal live account than this rubbish. Why must they limit my gain to 2 percent daily? They know that a lot of people are raking profits from FX prop, so they re indirectly after your challenge money Nd not a real funded prop firm , anyone that gives rule like this. 99.99 percent of their traders wil never try this on bigger accounts. They will choke them.

Lol. One man's ponmo is another's man leather belt, sir πŸ˜…
Re: Forex Trade Alerts / Discussions: Season 24 by DXYY: 9:20pm On May 04
peteregwu:


Bros, leave them ooo... Sebi na here we dey dey observe. "forex is easy". Someone even saw gabson funded account result and was shouting thag it's a prove that forex is easy not even considering the years that gabson has suffered in the hand of forex too. Make we continue dey joke sha... I dey my dey... 😁😁

Lol, when I hear the number of years gabson has been in the game I shout, he probably said it was easy cos e passed fundednext next challenge, but going to the point of calling people f**ls, omo e too far.

1 Like

Re: Forex Trade Alerts / Discussions: Season 24 by DXYY: 9:26pm On May 04
Cashhy11:
Judging by yesterday's unusual quietness. Don't you think It would be so stupid and inconsiderate of me to even use the phrase "forex is easy" in my post that yesterday after observing the room.

I don't expect you to understand anyway. "Forex is extremely hard" is what you wanna hear? How does that improve your trading career? What you seek is what you will find o.


Smiles, my dear what you seek is what you will find doesn't apply to forex, whether you feel it's easy or hard people wey go attain consistent success will stumble on it somehow, my point is the way you portray your view is way too absurd, read what you typed again maybe this time you will get my point, i am also not against geedot for saying forex is easy, everybody has a reason for saying what they said, but to have not been in the game for 3-4 years and making consistent profits, but saying forex is easy who will take such person serious.

3 Likes 2 Shares

Re: Forex Trade Alerts / Discussions: Season 24 by DXYY: 10:50pm On May 04
OneMillionBTC:
Forex is hard to master but once you master it you will realize how easy it is.

I continued trading forex for over 10 years now because of how challenging it was at a time. It was intriguing for me to see that despite how "intelligent" I am, this guy called forex always found a way to tell me, "you think say you smart"

The difficulty in Forex made it more interesting for me because I told myself something as difficult as this will be worth conquering.

Every Margin call made me sit down again to study. Every weekend was for studies outside the in-between studies on weekdays. I read hundreds of PDFs to understand how successful traders think. Somewhere along this journey I realized every successful trader has to find his path to profit on his own. The PDFs are only guides, you need to find your way to making profit by yourself.

This was when I started forming personal trading systems, writing as much as 20 rules I must observe before entering a trade. The margin calls continued though.

But I kept on observing the times my trading system worked and over time I could avoid patterns that made my trading system not work.

Till date, if I have a negative trade, I study the trade to know why it didn't work to avoid entering such trades next time.

I shared a PDF in this forum some time ago. That PDF helped my journey. I think if you go through the PDF you will understand why some of us who once said "forex hard o" can
now say Forex is easy.

So if you say "Forex hard o" , it is true because at where you are on this journey it should be hard. If also you say "Forex easy o" it is also true because at where you are on this journey it should be easy.

Kudos πŸ‘ boss
Re: Forex Trade Alerts / Discussions: Season 24 by Geovanni412(m): 2:34am On May 05
DXYY:


Smiles, my dear what you seek is what you will find doesn't apply to forex, whether you feel it's easy or hard people wey go attain consistent success will stumble on it somehow, my point is the way you portray your view is way too absurd, read what you typed again maybe this time you will get my point, i am also not against geedot for saying forex is easy, everybody has a reason for saying what they said, but to have not been in the game for 3-4 years and making consistent profits, but saying forex is easy who will take such person serious.

It applies in every profession as well

A professional civil engineer with experience can identify the problem with a collapsing building and can cost a project in minutes

A novice civil engineer will have difficulty costing a project and may make mistakes .

The professional can make 100k in five minutes if he is called to look at a collapsing building and give advice

The novice sees this and gets angry forgetting how long the pro has had skin in the game.
Re: Forex Trade Alerts / Discussions: Season 24 by DXYY: 5:34am On May 05
Geovanni412:


It applies in every profession as well

A professional civil engineer with experience can identify the problem with a collapsing building and can cost a project in minutes

A novice civil engineer will have difficulty costing a project and may make mistakes .

The professional can make 100k in five minutes if he is called to look at a collapsing building and give advice

The novice sees this and gets angry forgetting how long the pro has had skin in the game.

πŸ’―

1 Like

Re: Forex Trade Alerts / Discussions: Season 24 by Petah(m): 7:17am On May 05
Good morning everyone and happy Sunday,
With the new ban of CBN on crypto trading, how do we engage the P2P on OKx without getting out account blocked? I use opay.
And again I wan to send money into my FBS account but I am scared my account could get blocked.
Bosses in the house, please help! This economy isn't smiling.

1 Like

Re: Forex Trade Alerts / Discussions: Season 24 by ICTcadet: 8:47am On May 05
OneMillionBTC:
Forex is hard to master but once you master it you will realize how easy it is.

I continued trading forex for over 10 years now because of how challenging it was at a time. It was intriguing for me to see that despite how "intelligent" I am, this guy called forex always found a way to tell me, "you think say you smart"

Finally Someone has spoken sense into this senseless argument that has been going on for Long.

The difficulty in Forex made it more interesting for me because I told myself something as difficult as this will be worth conquering.

Every Margin call made me sit down again to study. Every weekend was for studies outside the in-between studies on weekdays. I read hundreds of PDFs to understand how successful traders think. Somewhere along this journey I realized every successful trader has to find his path to profit on his own. The PDFs are only guides, you need to find your way to making profit by yourself.

This was when I started forming personal trading systems, writing as much as 20 rules I must observe before entering a trade. The margin calls continued though.

But I kept on observing the times my trading system worked and over time I could avoid patterns that made my trading system not work.

Till date, if I have a negative trade, I study the trade to know why it didn't work to avoid entering such trades next time.

I shared a PDF in this forum some time ago. That PDF helped my journey. I think if you go through the PDF you will understand why some of us who once said "forex hard o" can
now say Forex is easy.

So if you say "Forex hard o" , it is true because at where you are on this journey it should be hard. If also you say "Forex easy o" it is also true because at where you are on this journey it should be easy.

Finally Someone has Spoken sense into this senseless argument.
Re: Forex Trade Alerts / Discussions: Season 24 by infofirst(m): 8:58am On May 05
EFGH:
So I start learning how to trade FX few weeks ago, here is my gain for today being 03/05/202.

Should I tell him?
πŸ˜„πŸ˜„πŸ˜„πŸ˜„πŸ˜„πŸ˜„πŸ˜„πŸ˜„πŸ˜„

6 Likes 1 Share

Re: Forex Trade Alerts / Discussions: Season 24 by 2pep(m): 9:01am On May 05
infofirst:


Should I tell him?
πŸ˜„πŸ˜„πŸ˜„πŸ˜„πŸ˜„πŸ˜„πŸ˜„πŸ˜„πŸ˜„
Nope!!
It's his right to enjoy the wave for now sir tongue
Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 9:02am On May 05
AMIGO, THE COST IS DISCIPLINE
Re: Forex Trade Alerts / Discussions: Season 24 by infofirst(m): 9:03am On May 05
2pep:

Nope!!
It's his right to enjoy the wave for now sir tongue


grin grin
Noted. I will wait till he says fx is a scam. πŸ‘ŒπŸ‘ŒπŸ‘Œ

2 Likes 1 Share

Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 9:06am On May 05
MrCuteking:
Hello everyone, please I want to know if this new info about opay, monie point and other banks about crypto means we can’t deposit into mt5 account using brokers like Exness again.

Nope, that isn't what it mean. You're not hindered from depositing into any of your broker's account, zaddy

1 Like

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