₦airaland Forum

Emmizay12:
Trade on demo until you become profitable..

Nobody go tell you say you don be profitable trader,

Your result will tell you.
But I assure you, you will never stop losing trades till you die and meet God

Ibrahimlagosian:
You want make we wrestle .you go collect,I will break those your big big teeth for you

Ibrahimlagosian:
Hello guys, it's a new month here,so I'm going to continue my journalling here.i lost my both 25k and 15k account,so I downloaded mt4 and I will use their demo account to learn again
I will start now by going back to swing trading,I will only use the monthly and weekly for analysis and the daily for entry.
I will use the Bollinger band+RSI +stochastic indicator for my strategy.
Wish me good luck guys.

Ibrahimlagosian:
Infact,me I don give up for this poorest trading
:oI no dey do again
.if anybody tell me I should not give up,wallahi we will wrestle.
I will give you beating of your life.
Infact,I go so beat anybody for this fta.Man dey vex for this market

dmahn:
You might not make 1 naira in this business if you continue to rely on all this indicators as strategy... Learn pure price action and thank me later... I nono why I like you sef

PriceActionZ:
is it possible to fling such tiny money and on what leverage? na wa 0o

blackman007:
I love your work bro, can I send you a PM??

Kaybee7000:
Don’t answer anyone,more loss awaiting,give up pls,not everyone that wish to become electrical engineer will eventual become their wish likewise successful trader

So GIVE UP PLS

Bimmarlykay:
This is for struggling traders or newbies on this thread,bitter truth is the thread has lost its purpose..you won't get rich on here,you might also not learn anything again cuZ unlike forex factory and many forums that share ideas on how to tackle this beast called forex, peeps here hardly teaches forextrading or come up with an indicator or strategy that needs enhancing anymore...you'll only see their successful prop account, fake account boosting traders and some motivational speakers that will be telling you don't give up but won't tell you a thing or two... they will never show their strategy or hint...

That said, if you're struggling or about to quit forex due to loss,then its either you haven't seen what can no longer be unseen once seen or you're doing something wrong or greed making you look for a strategy that never loses while catching all the pip been there done that. 😁

Truth is it doesn't exist you'll lose and get frustrated cus even with an almost perfect strategy and risk to reward, market can spike,hunt liquidity, false breakout, false reversal and this are things we have no control over we just pray... 😁

Try my style instead:-

Retracement trading might work,

Firstly forget counter trend trading or reversals...

leave it for professionals,trade with the trend using top down analysis,trade on the higher TF.... Using 4h or 1D, they have fine structures .... follow the trend on the aforementioned timeframes go lower and like 15-1h for entries from reversals using Fibonacci or reversal indicators while for the 1Day TF start from 30-4h for entries some indicators tell a trend and range, familiarize with this kinda indicators.

Many traders will tell you don't trade with indicators they repaint/lag, but I'll tell you indicators do exactly what them name implies "indicate" your brain will equally tell you that the indicator have done this before and it's likely to do the same again .....forget about 1:10 ratio for now. gold for instance will kill you before giving you 1$:10$ instead put your loss where you think if the markets hits will cause CHOCH.... you'll hardly lose 2wice in a row and even if you do, you'd have won 10, this is how i trade.... catching the pips one at a time and my loss is always during reversals trying to enhance that tho.😑

Looking at 5000 pips movement, then try catching 50- 1000 pips in the direction of the trend

What am saying:if you're going to the east say 'Abia'...look for buses going to the east then stop at Ore, enter again stop at Onitsha, repeat till you get to Abia don't stress trying to reach the East once..leave it for PROs.

Shalom!!😎📊📈

LincolnOnyeabor:
It was actually a $2 account sir. I entered another trade which now hit SL and now have me 0 balance

Emmizay12:
Great points but I disagree with you on some
If your losses are equivalent or higher than wins, you cannot perform any magic or miracle

Start with 1:1 RR, eg if your risk per trade is $50 each trade, make sure your lose like $25 or less...
I know you will be wondering how, but when people say trading is a game of skill,, this is what they mean....
You have to know your strategy so well that you can detect a losing trade even before it hits stoploss...(In any strategy, a loss trade has max 3 scenarios when it plays out) It is your job to know this scenarios like how you know your face in a mirror

make sure you lose less than your risk on EVERY trade.. even if it means losing a trade that will eventually win....

You have to be highly impatient with any trade that is dancing at or below your entry...and be patient with a winning trade, if a trade is in profit, the next important thing is a breakeven before profits.

In any trade, this is your order of importance
SMALL LOSS>BREAKEVEN>PROFITS

a small loss is 3x more important than a profitable trade.... Crazy right....but that is how you make money in forex no be by strategy...because when you eventually win a trade which is inevitable, your win will automatically eat your losses, so a winning trade is the least important...then you fix overtrading and over leveraging.....

When I see people struggling here it's simply because they haven't seen a profitable trader breakdown the process in a manner that youtube content would never do...I used to be a non-believer of mentorship until i became profitable, the right mentor will save you sooo much time in ur trading journey... unfortunately they are hard to find, it is your job to find them,,,maybe one day, i may open up a trading school, but for now we make money

I can go on,, if you don't believe what I've said copy what I said and put on chatgpt and ask for an analysis of my writeup

Trading is sooo easy,,, but it demands a lot of hard work, sometimes you just need the right information to crown that hard work with success......

Bimmarlykay:
This is for struggling traders or newbies on this thread,bitter truth is the thread has lost its purpose..you won't get rich on here,you might also not learn anything again cuZ unlike forex factory and many forums that share ideas on how to tackle this beast called forex, peeps here hardly teaches forextrading or come up with an indicator or strategy that needs enhancing anymore...you'll only see their successful prop account, fake account boosting traders and some motivational speakers that will be telling you don't give up but won't tell you a thing or two... they will never show their strategy or hint...

That said, if you're struggling or about to quit forex due to loss,then its either you haven't seen what can no longer be unseen once seen or you're doing something wrong or greed making you look for a strategy that never loses while catching all the pip been there done that. 😁

Truth is it doesn't exist you'll lose and get frustrated cus even with an almost perfect strategy and risk to reward, market can spike,hunt liquidity, false breakout, false reversal and this are things we have no control over we just pray... 😁

Try my style instead:-

Retracement trading might work,

Firstly forget counter trend trading or reversals...

leave it for professionals,trade with the trend using top down analysis,trade on the higher TF.... Using 4h or 1D, they have fine structures .... follow the trend on the aforementioned timeframes go lower and like 15-1h for entries from reversals using Fibonacci or reversal indicators while for the 1Day TF start from 30-4h for entries some indicators tell a trend and range, familiarize with this kinda indicators.

Many traders will tell you don't trade with indicators they repaint/lag, but I'll tell you indicators do exactly what them name implies "indicate" your brain will equally tell you that the indicator have done this before and it's likely to do the same again .....forget about 1:10 ratio for now. gold for instance will kill you before giving you 1$:10$ instead put your loss where you think if the markets hits will cause CHOCH.... you'll hardly lose 2wice in a row and even if you do, you'd have won 10, this is how i trade.... catching the pips one at a time and my loss is always during reversals trying to enhance that tho.😑

Looking at 5000 pips movement, then try catching 50- 1000 pips in the direction of the trend

What am saying:if you're going to the east say 'Abia'...look for buses going to the east then stop at Ore, enter again stop at Onitsha, repeat till you get to Abia don't stress trying to reach the East once..leave it for PROs.

Shalom!!😎📊📈

Emmizay12:
Great points but I disagree with you on some
If your losses are equivalent or higher than wins, you cannot perform any magic or miracle

Start with 1:1 RR, eg if your risk per trade is $50 each trade, make sure your lose like $25 or less...
I know you will be wondering how, but when people say trading is a game of skill,, this is what they mean....
You have to know your strategy so well that you can detect a losing trade even before it hits stoploss...(In any strategy, a loss trade has max 3 scenarios when it plays out) It is your job to know this scenarios like how you know your face in a mirror

make sure you lose less than your risk on EVERY trade.. even if it means losing a trade that will eventually win....

You have to be highly impatient with any trade that is dancing at or below your entry...and be patient with a winning trade, if a trade is in profit, the next important thing is a breakeven before profits.

In any trade, this is your order of importance
SMALL LOSS>BREAKEVEN>PROFITS

a small loss is 3x more important than a profitable trade.... Crazy right....but that is how you make money in forex no be by strategy...because when you eventually win a trade which is inevitable, your win will automatically eat your losses, so a winning trade is the least important...then you fix overtrading and over leveraging.....

When I see people struggling here it's simply because they haven't seen a profitable trader breakdown the process in a manner that youtube content would never do...I used to be a non-believer of mentorship until i became profitable, the right mentor will save you sooo much time in ur trading journey... unfortunately they are hard to find, it is your job to find them,,,maybe one day, i may open up a trading school, but for now we make money

I can go on,, if you don't believe what I've said copy what I said and put on chatgpt and ask for an analysis of my writeup

Trading is sooo easy,,, but it demands a lot of hard work, sometimes you just need the right information to crown that hard work with success......

dmahn:
You've said well.. But even if you post your strategy here, some will still still rubbish it, even that guy you think you are trying to help will shame you when SL hit like 3 times in row which is normal. Traders hate cheap advise, they won't take it serious at all...

Everyone here knows good traders are here, now it's left unto struggling traders to inbox whoever they like their trading style and be ready to pay the price.... Coz if you give them for free, they will never value it

dmahn:
You've said well.. But even if you post your strategy here, some will still still rubbish it, even that guy you think you are trying to help will shame you when SL hit like 3 times in row which is normal. Traders hate cheap advise, they won't take it serious at all...

Everyone here knows good traders are here, now it's left unto struggling traders to inbox whoever they like their trading style and be ready to pay the price.... Coz if you give them for free, they will never value it

Bimmarlykay:
The way we trade differs ... you're right about risk to reward but there are always exceptions for instance 1:2 reward will make you profitable with even a 50% winrate compared to a 1:1 reward with70%winrate..
but market won't always give you a Sequential risk to reward like journals and tubes portray e.g you can use a 10$ to win 20$ while your next trade stoploss can max 30$ to win $60...now what happens if it's end in loss.

We trade differently reason i said "the way i trade",i can't trade like you and you can't trade like me cuz the market is filled with diversed loopholes that need diversed solutions to decipher it.

I don't breakeven infact i hate it..the way i trade if you're familiar with TDI there's what we call a shark fin i noticed double shark fins too that hunt's for close SL and later move in your direction, this thing kills mindset cuz traders love putting SL at last swing low.... that's when traders says "i have been SL hunted".

Some traders even shifts their stoploss when they sense abnormal movements due to fundamental or some crazy market structure,as for me,like i said i look at trend structure where even some ugly Retracement hardly hit thanks to my indicator,i hardly fear stop loss cuz hitting my stoploss means trend has changed.

I have been doing this for some time i have the confidence, some newbie might struggle and like you said i detect loss early so at times i close and at times take my loss like a man and move on with battling the new trend.😎

2-10 tracements can happen before a reversal maybe even more depending on the trend length reason i love trends,so it compensate for my loss that's my own risk to reward i hope you understand my point.

Lest i forget, some loss can go above 3 depending on the pair.

blackman007:

peteregwu:
On GBPJPY, I am shorting from 19825 and my target is 194.861(300pips). Risky trade

dmahn:
Any S&P500 trader in the house?... It isn't too late to join on 1:1... However if price should retrace to my entry again I will add one more.. If SL hits, I will sell instantly..

dmahn:
Congratulations if you joined the 1:1 movement... Stop has been moved to BE now and I will exit at any strong bearish signal

Ejuna80:
Please which broker can I use to trade gold with a capital of $10? That's how much I can afford for now.

https://app.nostro.co/sign-up?ref=V1kzTnZnY1FJaFB3UERHUGVPOG03UT09