₦airaland Forum

thedarkened:
how profitable is it if someone trade for me ?
meanwhile i have lost before, and the experience was scary!!

24hrUplift:
Not you alone bro..

I blew a $100,000 demo account when I was starting the game 😃

And I even lost my own $1,000 live account some time ago before I learned the ropes..

Many traders Do not understand that your level of success in trading depends on your level of Greed management...


You see your trades reading 20 pips in profit, but you want to go 50 pips and you lost it all..😂
You see,


It all boils down to the equity and risk management.

A $10,000 equity can be blown out in just one hour, with huge lot size.

And in just $200 equity, you can earn up to $2,000 in a couple of days.

So if you are letting someone trade your account, you can TEST him with a LITTLE equity depending on what you CAN afford, watch the account for a week for any progress and then increase the amount GRADUALLY.

thedarkened:
well said! thank you or the piece of advice.

24hrUplift:
You welcome 👍
Have you tried to do copy trading before?
You can be growing Your equity without further stress to you.

https://social-trading.exness.com/strategy/11103957/a/43t6hy715d/?platform=mobile&af_web_dp=https://social-trading.exness.com/strategy/11103957/&st_strategy=11103957

While you focus on little trading by the day until you are confidence to trade higher amount.

But never stop trading for a day.. Even if you don't have money to trade, be trading a demo. Never leave the chart 📈📉.

Because if you leave the chart for one day, you may pay the price for one year ☝🏼

thedarkened:
thanks so much.
meanwhile, there is a friend who wants to help me trade
i want to ask, how long does it take before a demo account becomes live account ?

24hrUplift:
Regarding your question, the process of moving from a demo account to a live account can vary depending on the broker you are using.

Typically, a live account is open differently from a demo account.

Opening a live account involves a few steps such as completing a registration form, submitting identification documents, and funding the account.

Once these steps are completed, the live account is ready for trade, instantly. However, it's always best to check with your specific broker for their exact process and timeline (that is if you choose a different one from the one in my Bio).

If your friend is new to trading, starting with a demo account is a great idea to practice and get comfortable with the platform before opening a live account.

If you have any more questions or need further assistance, feel free to message me on telegram:

(t. me/inves2or)

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24hrUplift:
Failing at something is always hard. Especially when it comes to Forex trading since the price of your mistake is real money.

But as with anything else in life, a failed trade is not the end of the world. Let’s explore how you can succeed again after Forex trading failures.

Process your emotions:

Mistakes aren’t the end of everything. Yet, it’s important to acknowledge that they happened. Let yourself feel disappointment instead of bottling your emotions up. This will help you let go and concentrate on your next step.

Move at your own pace:

Even if you see other traders performing better than you, you should focus on yourself and what you can do at this point. Comparing yourself to others will only stop you from growing.

Take your time:

Only the lucky few manage to achieve success without putting in any effort. For the overwhelming majority of people, it takes time. Acknowledge that you might not reach your goals as fast as you would’ve wanted.

Ask for help:

There’s nothing noble in suffering in silence when you can ask other people for help. The trading community is always ready to give good advice, so make use of this kindness and be kind in return.

Diversify your portfolio:

Diversification is a simple strategy, but extremely useful. Trade different instruments in order to protect your capital from potential losses.

Use Copytrade:

Copytrading is a great way to use the power of social trading to your advantage. Even if you don’t have much experience, following other traders can help you learn to better navigate the markets and earn money at the same time.

Discover all the benefits of
copying other's trade
on this link: https://t .ly/copy_trading

It’s hard to imagine that you can ever become a successful trader after making a mistake. But once you do, you will be able to look back on all these mishaps and thank your past self for giving you these opportunities to learn.

24hrUplift:
You welcome 👍
Have you tried to do copy trading before?
You can be growing Your equity without further stress to you.

https://social-trading.exness.com/strategy/11103957/a/43t6hy715d/?platform=mobile&af_web_dp=https://social-trading.exness.com/strategy/11103957/&st_strategy=11103957

While you focus on little trading by the day until you are confidence to trade higher amount.

But never stop trading for a day.. Even if you don't have money to trade, be trading a demo. Never leave the chart 📈📉.

Because if you leave the chart for one day, you may pay the price for one year ☝🏼

24hrUplift:
Failing at something is always hard. Especially when it comes to Forex trading since the price of your mistake is real money.

But as with anything else in life, a failed trade is not the end of the world. Let’s explore how you can succeed again after Forex trading failures.

Process your emotions:

Mistakes aren’t the end of everything. Yet, it’s important to acknowledge that they happened. Let yourself feel disappointment instead of bottling your emotions up. This will help you let go and concentrate on your next step.

Move at your own pace:

Even if you see other traders performing better than you, you should focus on yourself and what you can do at this point. Comparing yourself to others will only stop you from growing.

Take your time:

Only the lucky few manage to achieve success without putting in any effort. For the overwhelming majority of people, it takes time. Acknowledge that you might not reach your goals as fast as you would’ve wanted.

Ask for help:

There’s nothing noble in suffering in silence when you can ask other people for help. The trading community is always ready to give good advice, so make use of this kindness and be kind in return.

Diversify your portfolio:

Diversification is a simple strategy, but extremely useful. Trade different instruments in order to protect your capital from potential losses.

Use Copytrade:

Copytrading is a great way to use the power of social trading to your advantage. Even if you don’t have much experience, following other traders can help you learn to better navigate the markets and earn money at the same time.

Discover all the benefits of
copying other's trade
on this link: https://t .ly/copy_trading

It’s hard to imagine that you can ever become a successful trader after making a mistake. But once you do, you will be able to look back on all these mishaps and thank your past self for giving you these opportunities to learn.