₦airaland Forum

Meklex:
2 years is a long time. Plus I tried watching ICT videos earlier this year and it was confusing with lots of videos

Him telling you it will take 2 years is being generous. It took me more, although I didn't have the same drive you have so I didn't rush it. From the day I was introduced to forex till now it's been 8 years and I'm still learning, it never ends. Anyone who wants what is best for you will ask you to take your time and learn the proper fundamentals like emotional control, margin and leveraging, fundamental & technical analysis, robotic discipline and most importantly, risk management.

Believe me when I say we are not telling you all these things intentionally just to slow you down but to encourage you to assimilate everything little by little and don't compare yourself to anyone. What happens when people rush into a live account after learning so little is that they get burnt and then they learn some more and think they can be profitable without due process and they get burnt again. Then after all these financial wounds in the first 15 to 20 months, psychology hits hard and you begin to question if it was really worth it and if care is not taken you'll quit like the other 96% that never made it.

What I'm trying to say in essence is to take your time, the markets will always be there whenever you're ready.

SOZINN:
Him telling you it will take 2 years is being generous. It took me more, although I didn't have the same drive you have so I didn't rush it. From the day I was introduced to forex till now it's been 8 years and I'm still learning, it never ends. Anyone who wants what is best for you will ask you to take your time and learn the proper fundamentals like emotional control, margin and leveraging, fundamental & technical analysis, robotic discipline and most importantly, risk management.

Believe me when I say we are not telling you all these things intentionally just to slow you down but to encourage you to assimilate everything little by little and don't compare yourself to anyone. What happens when people rush into a live account after learning so little is that they get burnt and then they learn some more and think they can be profitable without due process and they get burnt again. Then after all these financial wounds in the first 15 to 20 months, psychology hits hard and you begin to question if it was really worth it and if care is not taken you'll quit like the other 96% that never made it.

What I'm trying to say in essence is to take your time, the markets will always be there whenever you're ready.

Aptly put Sir. @meklex pls listen to this advice carefully

Meklex:
no, I am not. I have been trading since January this year. Watched some YouTube videos but I need something structured.

Alright then, first and foremost, I wouldn't recommend ICT to you. I know it sounds ironic because I myself am an ICT trader, but ICT concepts isn't for neophyte traders.

Secondly, get rid of whatever timeline you are setting for yourself because it will be detrimental to your learning curve and will build unrealistic expectations. If you have any notion of like mastering a style or strategy within 3 to 6 months, I humbly suggest you get rid of such notions in your head. Trading is a skill of a life time, once you master it you can never lose it except you don't wanna use it. Of course you maybe able to learn the rules and all the rudiments of a strategy within a month or so, but mastery comes with experience and experience is built with time. I'm telling with all sincerity, it will take you time before you become a consistently profitable trader. If you can't accept this simple truth then I welcome you to the cycle of doom. You can never cheat the process, even if you study under a mentor, it will still take you time to achieve consistency, the only difference is that your learning curve would be faster compared to someone who's learning on the own without the guide and experience of a mentor.

Now the road map you need, because you are not completely new, I suggest you follow this order;
* MARKET STRUCTURE: dedicate one whole month to studying market structure. On YouTube there are so many videos on MS from various school of thoughts, but all of them have and follow the same principles, your duty is to watch, study, learn, and practice until you start seeing results. Make sure you study how shifts in structures occur, because they are very vital in spotting change in market trends and dynamics.
* STUDY AND UNDERSTAND SUPPORT AND RESISTANCE: dedicate time to understanding support and resistance because that's the basics to every strategy that is out irrespective of what method they use. See lemme tell you something, support and resistance are very dynamic and are not set in stones. You see ICT concepts like fair value gaps, order blocks, mitigation blocks, breaker block, volume imbalance and so on, with other school of thoughts like, smart money concepts, supply and demand, Elliot wave, and so on. Their very core foundation is built on support and resistance. For example, price is in an uptrend, but we know that price doesn't move in a straight line, so when price goes up, it then comes down a bit and then continues going up again. Now when it was coming down it hit an orderblock and after that it started going up again, why ? This is simply because price met support there, and then it resumes its uptrend, and then when price gets to a level it can't go beyond it starts going down, why because the highest price it reached before coming down means that price met with resistance and because of this resistance, price has to go down. So you see, that you need to understand how price moves and operate through market dynamics like support and resistance.
* Liquidity concepts (IRL & ERL)
* Multi-timeframe analysis (a top down approach from weekly, daily, 4h and 1h chart)

Follow this order diligently and you'll definitely see progress in your trading

Davigle:
Alright then, first and foremost, I wouldn't recommend ICT to you. I know it sounds ironic because I myself am an ICT trader, but ICT concepts isn't for neophyte traders.

Secondly, get rid of whatever timeline you are setting for yourself because it will be detrimental to your learning curve and will build unrealistic expectations. If you have any notion of like mastering a style or strategy within 3 to 6 months, I humbly suggest you get rid of such notions in your head. Trading is a skill of a life time, once you master it you can never lose it except you don't wanna use it. Of course you maybe able to learn the rules and all the rudiments of a strategy within a month or so, but mastery comes with experience and experience is built with time. I'm telling with all sincerity, it will take you time before you become a consistently profitable trader. If you can't accept this simple truth then I welcome you to the cycle of doom. You can never cheat the process, even if you study under a mentor, it will still take you time to achieve consistency, the only difference is that your learning curve would be faster compared to someone who's learning on the own without the guide and experience of a mentor.

Now the road map you need, because you are not completely new, I suggest you follow this order;
* MARKET STRUCTURE: dedicate one whole month to studying market structure. On YouTube there are so many videos on MS from various school of thoughts, but all of them have and follow the same principles, your duty is to watch, study, learn, and practice until you start seeing results. Make sure you study how shifts in structures occur, because they are very vital in spotting change in market trends and dynamics.
* STUDY AND UNDERSTAND SUPPORT AND RESISTANCE: dedicate time to understanding support and resistance because that's the basics to every strategy that is out irrespective of what method they use. See lemme tell you something, support and resistance are very dynamic and are not set in stones. You see ICT concepts like fair value gaps, order blocks, mitigation blocks, breaker block, volume imbalance and so on, with other school of thoughts like, smart money concepts, supply and demand, Elliot wave, and so on. Their very core foundation is built on support and resistance. For example, price is in an uptrend, but we know that price doesn't move in a straight line, so when price goes up, it then comes down a bit and then continues going up again. Now when it was coming down it hit an orderblock and after that it started going up again, why ? This is simply because price met support there, and then it resumes its uptrend, and then when price gets to a level it can't go beyond it starts going down, why because the highest price it reached before coming down means that price met with resistance and because of this resistance, price has to go down. So you see, that you need to understand how price moves and operate through market dynamics like support and resistance.
* Liquidity concepts (IRL & ERL)
* Multi-timeframe analysis (a top down approach from weekly, daily, 4h and 1h chart)

Follow this order diligently and you'll definitely see progress in your trading

is the learning you provided here recommended for a beginner or there's something before that?

Meklex:
2 years is a long time. Plus I tried watching ICT videos earlier this year and it was confusing with lots of videos

Your saying that two years is a long time tells me you are in so much hurry to press the buy or sell button, receive a margin call, get frustrated, then conclude that forex trading is scam. Already, the patience needed to trade profitably is something you do not clearly possess. If you had a quicker way to learn and earn you wouldn't be here asking. There is no shortcut to learning and mastery. I wish you good luck on your trading journey.

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Powell again warned that U.S. equity valuations are “elevated.”

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Noah13:
is the learning you provided here recommended for a beginner or there's something before that?

Yes a beginner too can start from here too, although you also need to get the basics like knowing what forex is, how pick a broker, types of market orders and so on. Babypips school of pipsology does well in building a solid foundation in forex.

CaptainJune:
Your saying that two years is a long time tells me you are in so much hurry to press the buy or sell button, receive a margin call, get frustrated, then conclude that forex trading is scam. Already, the patience needed to trade profitably is something you do not clearly possess. If you had a quicker way to learn and earn you wouldn't be here asking. There is no shortcut to learning and mastery. I wish you good luck on your trading journey.

Dem no dey tell person..
He will understand when he starts swimming the ocean

Donsheddy:
Dem no dey tell person..
He will understand when he starts swimming the ocean

No be today things na. Forex no be anybody mate.

CaptainJune:
No be today things na. Forex no be anybody mate.

Something wey still dey stress men

Meklex:
2 years is a long time. Plus I tried watching ICT videos earlier this year and it was confusing with lots of videos

LOL.... I was being generous when I said 2 years, with this mindset you might just quit before year two. Pls dedicate this month of October to learning the art of "patience" before you think of learning forex. It seems you already lack a key trait of a profitable trader.

SOZINN:
Him telling you it will take 2 years is being generous. It took me more, although I didn't have the same drive you have so I didn't rush it. From the day I was introduced to forex till now it's been 8 years and I'm still learning, it never ends. Anyone who wants what is best for you will ask you to take your time and learn the proper fundamentals like emotional control, margin and leveraging, fundamental & technical analysis, robotic discipline and most importantly, risk management.

Believe me when I say we are not telling you all these things intentionally just to slow you down but to encourage you to assimilate everything little by little and don't compare yourself to anyone. What happens when people rush into a live account after learning so little is that they get burnt and then they learn some more and think they can be profitable without due process and they get burnt again. Then after all these financial wounds in the first 15 to 20 months, psychology hits hard and you begin to question if it was really worth it and if care is not taken you'll quit like the other 96% that never made it.

What I'm trying to say in essence is to take your time, the markets will always be there whenever you're ready.

what I am saying in essence is that there are a lot of forex videos out there and I presume that most of the videos aren't worth watching. That's why I am looking for recommendations on the ones that are worth it so that I can focus on them. He mentioned ICT videos. But ICT has like 100s of videos and the timeline to finish these videos is too long.

I don't want to believe that every profitable traded had to watch all those videos. I just need a structure I can follow.

Davigle:
Alright then, first and foremost, I wouldn't recommend ICT to you. I know it sounds ironic because I myself am an ICT trader, but ICT concepts isn't for neophyte traders.

Secondly, get rid of whatever timeline you are setting for yourself because it will be detrimental to your learning curve and will build unrealistic expectations. If you have any notion of like mastering a style or strategy within 3 to 6 months, I humbly suggest you get rid of such notions in your head. Trading is a skill of a life time, once you master it you can never lose it except you don't wanna use it. Of course you maybe able to learn the rules and all the rudiments of a strategy within a month or so, but mastery comes with experience and experience is built with time. I'm telling with all sincerity, it will take you time before you become a consistently profitable trader. If you can't accept this simple truth then I welcome you to the cycle of doom. You can never cheat the process, even if you study under a mentor, it will still take you time to achieve consistency, the only difference is that your learning curve would be faster compared to someone who's learning on the own without the guide and experience of a mentor.

Now the road map you need, because you are not completely new, I suggest you follow this order;
* MARKET STRUCTURE: dedicate one whole month to studying market structure. On YouTube there are so many videos on MS from various school of thoughts, but all of them have and follow the same principles, your duty is to watch, study, learn, and practice until you start seeing results. Make sure you study how shifts in structures occur, because they are very vital in spotting change in market trends and dynamics.
* STUDY AND UNDERSTAND SUPPORT AND RESISTANCE: dedicate time to understanding support and resistance because that's the basics to every strategy that is out irrespective of what method they use. See lemme tell you something, support and resistance are very dynamic and are not set in stones. You see ICT concepts like fair value gaps, order blocks, mitigation blocks, breaker block, volume imbalance and so on, with other school of thoughts like, smart money concepts, supply and demand, Elliot wave, and so on. Their very core foundation is built on support and resistance. For example, price is in an uptrend, but we know that price doesn't move in a straight line, so when price goes up, it then comes down a bit and then continues going up again. Now when it was coming down it hit an orderblock and after that it started going up again, why ? This is simply because price met support there, and then it resumes its uptrend, and then when price gets to a level it can't go beyond it starts going down, why because the highest price it reached before coming down means that price met with resistance and because of this resistance, price has to go down. So you see, that you need to understand how price moves and operate through market dynamics like support and resistance.
* Liquidity concepts (IRL & ERL)
* Multi-timeframe analysis (a top down approach from weekly, daily, 4h and 1h chart)

Follow this order diligently and you'll definitely see progress in your trading

Thank you, I will look these up. Do you have a suggestion on the youtube channel I can use?

CaptainJune:
Your saying that two years is a long time tells me you are in so much hurry to press the buy or sell button, receive a margin call, get frustrated, then conclude that forex trading is scam. Already, the patience needed to trade profitably is something you do not clearly possess. If you had a quicker way to learn and earn you wouldn't be here asking. There is no shortcut to learning and mastery. I wish you good luck on your trading journey.

I am not looking for a shortcut, just looking for a roadmap to follow. I can't be watching random forex videos online when most of them actually contradict each other.

Meklex:
I am not looking for a shortcut, just looking for a roadmap to follow. I can't be watching random forex videos online when most of them actually contradict each other.

Pay for mentorship. Tbh that’s the shortest cut. Though it will still take a lot of work on your path. People say it takes a lot of years to be profitable but it’s not like that anymore. Access to structured information will reduce the Timeframe greatly. I know people who became highly profitable in their 6th month under Dax. Techriz too. You can enroll for psychedelia. I started learning in July under S.G and I ended last month profitably. First time ever.

Here’s the bitter part. It takes a lot of work though. Long hours of study, backtesting, and forward testing. You need to train your eyes to see your strategy in a live market. Only a few people are willing to do that kind of insane mental and psychological work that it demands that’s why only few will ever become profitable.

If you’re looking for free materials you can start with Dax 2024 mentorship. That’s enough to give you a good head start.

Make brutal mistakes learn
Fund your account lose it all
Meditate ponder
Think about village people
Market shows you luck
You hit it hard small
Loss upon loss upon loss
Then reality comes upon you
Buys prop firm burn like 2 straight
Fund personal accounts
Before patience go enter your psychology.

LEARN BEFORE EARN

KingKush01:
Pay for mentorship. Tbh that’s the shortest cut. Though it will still take a lot of work on your path. People say it takes a lot of years to be profitable but it’s not like that anymore. Access to structured information will reduce the Timeframe greatly. I know people who became highly profitable in their 6th month under Dax. Techriz too. You can enroll for psychedelia. I started learning in July under S.G and I ended last month profitably. First time ever.

Here’s the bitter part. It takes a lot of work though. Long hours of study, backtesting, and forward testing. You need to train your eyes to see your strategy in a live market. Only a few people are willing to do that kind of insane mental and psychological work that it demands that’s why only few will ever become profitable.

If you’re looking for free materials you can start with Dax 2024 mentorship. That’s enough to give you a good head start.

thanks a lot for the Dax recommendation. I just finished watching his market structure video and it was very clear. Will watch more videos today and practice too.

I am not against learning or putting in the work, I am only against learning with random videos thereby wasting time and probably learning the wrong thing along the way.

I am not totally new to the charts. I have been trading crypto since 2019, just looking for a forex focused roadmap to follow to save time.

Thanks again.

Meklex:
Please, I really want to learn forex trading. I don't want to learn through YouTube because the videos are scattered and many. I just need a roadmap I can follow.

Have it at the back of your mind that this is probably the hardest journey you’ll ever embark on, It will test you in several ways possible, think long term, I mean in years not months… I believe other more experienced traders will add more

Kaesyrn:
Another one

[quote author=Kaesyrn post=137008351]Not so active here but check this out

https://x.com/Kaeachiever/status/1974339195960529034?t=AzhkaOeC9SiIDd2xZTIqXw&s=19[/quote]

Market opens today.


Can gold sustain the run and give us higher highs??


Btc broke 124k today and created new all time high at 125k

Alexas58:
Market opens today.


Can gold sustain the run and give us higher highs??


Btc broke 124k today and created new all time high at 125k

Technically and fundamentally yes.. A new all time high might just be arround the corner

Meklex:
I am not looking for a shortcut, just looking for a roadmap to follow. I can't be watching random forex videos online when most of them actually contradict each other.

Welcome to forex space 🚀
I'll recommend you watch techchriz videos on YouTube also watch Laups videos he's a Kenyan fx trader.. channel name is "helloitslaup"
He simplified SMC... But to be profitable you have to do the work, give yourself time
Trading isn't a get rich quick scheme well if you have a lot of money cause I won't lie to you, you need money to make money in fx trading.

Wish you the best.

Audina:
Welcome to forex space 🚀
I'll recommend you watch techchriz videos on YouTube also watch Laups videos he's a Kenyan fx trader.. channel name is "helloitslaup"
He simplified SMC... But to be profitable you have to do the work, give yourself time
Trading isn't a get rich quick scheme well if you have a lot of money cause I won't lie to you, you need money to make money in fx trading.

Wish you the best.

nice one chief.

Good evening my senior traders in the house am a beginner in the trading journey ,I started studying the chart around June 3 this year.. personal I think i understand the market to some except ..

I need any of my senior traders to give me a test...
Ask me to analyse any pairs of your choice,then you rate me.. I will really appreciate,as many as.thanks

dmahn:
Technically and fundamentally yes.. A new all time high might just be arround the corner

I am taking long position on gold now

leocollins:
Good evening my senior traders in the house am a beginner in the trading journey ,I started studying the chart around June 3 this year.. personal I think i understand the market to some except ..

I need any of my senior traders to give me a test...
Ask me to analyse any pairs of your choice,then you rate me.. I will really appreciate,as many as.thanks

Gold

Elliotwaveforec:
Gold

Yes
Gold
Analyse Gold

leocollins:
Good evening my senior traders in the house am a beginner in the trading journey ,I started studying the chart around June 3 this year.. personal I think i understand the market to some except ..

I need any of my senior traders to give me a test...
Ask me to analyse any pairs of your choice,then you rate me.. I will really appreciate,as many as.thanks

Analyse gold

dmahn:
Technically and fundamentally yes.. A new all time high might just be arround the corner

Gold is doing it
But btc is not doing it

Alexas58:
Analyse gold

Good morning boss,Omo gold I hardly analyse that pairs for now,but let me give it a try.
Using my day trading strategy and timeframe, the market is clearly bullish,i will have to see market break below 3899.00 ,then wait for my confirmations to sell short the pull backs while waiting for another continuation of the bullish trend.

GBP/JPY Sell

TP 200.50
SL 202.50