₦airaland Forum

iichidodo:
Bitcoin taking a big dump...

Davigle:
Bossmi, I deeply apologize for the very late response FTA TG branch don thief my attention again

My method of calculating silver pips is very different from boss Elliotwaveforex but you'll definitely find it much easy as it builds up on babypips foundation of calculating lotsize

The pip value of silver is $50, you can Google it and confirm for yourself

I know that you know how to count pips on jpy pairs right. 0.01 equals 1 pip and 0.50 equals 50 pips, so let's say when usdjpy moves from 155.00 to 156.00, that $1 move up equals 100 pips right.

It's exactly the same thing on silver, wether is priced as 79.00 or 79.000, in the second you ignore the last zero, and when price moves from 79.00 to 79.50 that 50cents move or 0.50 move is equal to 50 pips, and likewise 79 to 80 is 100 pips move. Hope you get the hang of it.

So when you want to calculate your lotsize; you may be familiar with this formula for calculating lotsize on currency pairs;

Lotsize = (risk amount) / (pips value × your stop loss in pips)

So for example you want to risk $100 dollar on a trade and you also want to use 20 pips stoploss; (if it's a buy and your entry is 79 then stoploss will be 78.80 and if it's a sell and your entry is still 79 your stoploss will be 79.20)

Therefore;
Lotsize = $100 / ($50 × 20 pips)
Lotsize = 0.1 lot

Now just go on your mt5 and tap the limit order and set your lotsize to 0.1 lot and then set your stoploss to 20 pips and tell me what dollar value is it showing up, it should definitely be equal to $100.

Pls note I would strongly advise you not to use a stoploss below 50 pips on silver because of it's volatility, I would strongly recommend about 80 to 100 pips because that's what I use.

Hope you find it helpful...

leocollins:
I finally bought a 2k instant funded account yesterday,am going to be very professional with this account..I will keep you guys updated with my first payout

TheStoriesOfMan:
Saw it when institutional traders were exiting around the 91k mark. That's why I didn't take any trade today.

Tomorrow awaits!

Kaesyrn:
Wish you the very best, since it's an I start funded don't try to rush it please keep risk under 1% so you can sustain the alc.

iichidodo:
I still think it's gonna fall tomorrow especially early morning when as BOJ starts to call for their soft loans as Asian traders starts selling of some assets like Bitcoin to meets this obligation...

blackman007:
Is your whatsapp still active I want to DM you, and also out of this channels you listed above, I tried searching for forex manipulation I couldn’t get any tangible information on it, is it a proper channel?? I don’t understand

TheStoriesOfMan:
Saw it when institutional traders were exiting around the 91k mark. That's why I didn't take any trade today.

Tomorrow awaits!

blackman007:
Is your whatsapp still active I want to DM you, and also out of this channels you listed above, I tried searching for forex manipulation I couldn’t get any tangible information on it, is it a proper channel?? I don’t understand

Donsheddy:
Why i no see my channel there😁😁

SlHunters:
How can I DM you my main man?

Elliotwaveforec:
This week

SlHunters:
Been selling etcusdt and shibausdt. I think it might heavily dump again.

leocollins:
I finally bought a 2k instant funded account yesterday,am going to be very professional with this account..I will keep you guys updated with my first payout

akeensbussy:
Good day...

Please I want to buy the 2k Maven Acct too. Which crypto account is the best I can open and use to buy the from the prop firm?

leocollins:
Some of una here just dey trade demo account dey post..nawao oh..smh

Dey deceive unaself not me.

Alexas58:
We are actually trading prop firms
And we get paid from the demo accounts

So it’s a win win for us and those playing the game of prop firms..


You are welcome onboard
This place is for serious traders who want to upgrade their game.

A telegram channel is also available

leocollins:
Some of una here just dey trade demo account dey post..nawao oh..smh

Dey deceive unaself not me.

Davigle:
If you post real account or payout for us to see, shay e bad ?

Abeg ooo, show us way naw make we too follow you dey chop dis forest moni naw ? Na beg ah dey beg ooo as you don already crack the code, you fit help our ministry.

leocollins:
Na how you take am,if you dey among the "SOME" then u should do better...here suppose be for serious traders no be to dey post demo account dey form galadinma all of us dey learn.
If na demo you post you Just talk am say na back testing for demo no be to do like say na live dey begin give people false hope

Davigle:
When did this group give anybody false hope here? This is a place where we share ideas and try to help ourselves FREELY without trying to scam each other.

B4 ah answer you sef make ah tell you that I am a very proud bonafide demo trader, and I am proud of this platform here. If you don't like what you see then you can try and make a positive impact here by doing things differently or post trade calls from your live account, not by calling us out without making any change, because you too are no different from us...

Elliotwaveforec:
One position left running after closing one entered at 72

austine4real:
Please how do you people trade gold.

I will love to trade it


Thanks

TheStoriesOfMan:
Please which of the gold? Physical or digital?

For physical, you can buy in Kano and sell in Southern Nigerian at big prices. For digital gold, you'll take masterclasses on trading for 2 years.

Choose one.