₦airaland Forum

infofirst:
Forex market is a good opportunity for Nigerians especially with the high rate of unemployment, the money is there but how to make it is what you just have to figure out. Learning, practice are some of what you need to make it happen.

The chart is your friend. Do not over trade. A step at a time in the right direction is better than ten steps up that will lead to 15 steps down. I know you need money but for years, over trading has not helped you so why do you have to keep repeating the same thing with no success.

As a struggling trader, you will be better off if you can limit the number of pairs you trade. Focus on less and with more understanding, you can trade as much as you are willing to. you can define the rules for yourself. Most strategies, indicators, tools were developed to help your trading not provide the magic. I once read somewhere that the great developer of Fibonacci died poor (May be it was a joke) so if it were to be that easy, everyone will be billionaires now. Every indicators are good but with limitations and so you need more than that to excel in the long run.

I am not a successful Forex trader yet not because am not making money but because almost every time, i keep discovering, learning and i realized its a continuous journey.

PIPnator:
They always honor withdrawals promptly. So far, I havent read anywhere online where they failed to honor withdrawal.
But mehn, when it comes to spread widening, they will make you doubt your sanity.
I tell you, when it comes to spreads at market open/close, news release..mehn you dont want to go there with them!
I have seen as much as over 100pips spread with them! Crazy lot! Hope i didnt discourage you if your desire is to go with them.
I only shared personal experience. You can imagine, there normal spread on UJ is about 2.5 while others are less than 1.
Good luck.

infofirst:
@Benqozenero, @collitexnaira, @kozmicity My initial plan was for max of 3 people. And one person got the first $100 already and left with two but i will change my mind to accommodate all three of you.

The motive behind what i did was to motivate and or encourage beginners, struggling old traders etc. That success is possible in fx market, So i did not come up with it to pressurize you nor any body so try and relax, play by the rules, use the opportunity to improve your trading skills and hopefully it can be the first step to lift your moral in the business.

Am not looking at how much you make from the $100, but i want to see how committed you are towards improving your self, knowledge and emotion wise.It will be to your advantage if you can read some of my posts and some of this thread pages before. The person that got the first $100 did not even trade the account for one week after he showed interest because i saw the passion and drive in him just by going through some of his past posts here. Trade the demo just as you will the live $100 am willing to give you. There is high chances of losing first deposits but losing it and learning from it is far better than just losing it.

PIPnator:
Ahh.. Me too still be big time student for the game oh.

femora007:
I'm interested in this. Can I open third trade if one of the previous trade SL has been moved to point on entry.

infofirst:
Forex market is a good opportunity for Nigerians especially with the high rate of unemployment, the money is there but how to make it is what you just have to figure out. Learning, practice are some of what you need to make it happen.

The chart is your friend. Do not over trade. A step at a time in the right direction is better than ten steps up that will lead to 15 steps down. I know you need money but for years, over trading has not helped you so why do you have to keep repeating the same thing with no success.

As a struggling trader, you will be better off if you can limit the number of pairs you trade. Focus on less and with more understanding, you can trade as much as you are willing to. you can define the rules for yourself. Most strategies, indicators, tools were developed to help your trading not provide the magic. I once read somewhere that the great developer of Fibonacci died poor (May be it was a joke) so if it were to be that easy, everyone will be billionaires now. Every indicators are good but with limitations and so you need more than that to excel in the long run.

I am not a successful Forex trader yet not because am not making money but because almost every time, i keep discovering, learning and i realized its a continuous journey.

infofirst:
We need to acknowledge effort here too, i remembered this trade. Immediately i saw it, it gave me the extra believe that am right as i was in a sell too. thanks fxwarrior. the tp has been delivered now.

I do not trade all pairs so sometimes, i just might not be able to say something about every calls. @Pipnator, i dey tap inspiration from your lovely calls and charts too. kudos.

JoshMedia:
Brother. I already Subscribed to that stuff Ooh. I go need your help for backyard. I tried reaching on telegram but couldn't.

PIPnator:
My telegram acts up at times.
Email could be better.

JoshMedia:
Done. My oga.

collitexnaira:
Thanks for your word of encouragement. I feel motivated by your words

soladavies:
Goodmorning great minds, please which broker do you suggest for a beginner with low spread and no minimum withdrawal

PIPnator:
Hope we are all having a beautiful weekend.
CADJPY chart looking very interesting.
Lets see how price reacts at those important zones as shown with the blue horizontal lines.
And also the ascending trendline.

infofirst:
@Benqozenero, @collitexnaira, @kozmicity My initial plan was for max of 3 people. And one person got the first $100 already and left with two but i will change my mind to accommodate all three of you.

The motive behind what i did was to motivate and or encourage beginners, struggling old traders etc. That success is possible in fx market, So i did not come up with it to pressurize you nor any body so try and relax, play by the rules, use the opportunity to improve your trading skills and hopefully it can be the first step to lift your moral in the business.

Am not looking at how much you make from the $100, but i want to see how committed you are towards improving your self, knowledge and emotion wise.It will be to your advantage if you can read some of my posts and some of this thread pages before. The person that got the first $100 did not even trade the account for one week after he showed interest because i saw the passion and drive in him just by going through some of his past posts here. Trade the demo just as you will the live $100 am willing to give you. There is high chances of losing first deposits but losing it and learning from it is far better than just losing it.

donbrowser:
You're expecting a bullish trend further?

infofirst:
I did not see this. Game on. It's possible one of em do not meet up and you can be in. Never say never. Am sorry for missing you out

redsox11:
First you have to remember I mentioned you need finesse to trade that way (have to be advanced), it's far easier to trade with the flow of the market. I don't go out seeking for it most times except I miss initial entry to go with the flow of the market.

Tips;
-Don't do it if the market just start UP or DOWN trend, for you, wait minimum of 3 days trend to think of entering that way, those will be the easiest entries you can get.

-SL is 20-25 pips minimum above the high, you start counting from the high, not from your entry.

-As you're trading against the flow, you ain't going to get a lot of pips, take what you can get and protect yourself.

-Say GU daily move averagely 120pips/daily, wait for it to do 120-150 pips before looking for entry, better if you get W/M formation before entering.

-Most often than not, it's not going to be a change of trend, sometimes it can fall 100-150 pips but those are rare.

- MOST IMPORTANT tip, you've got ONLY 1 "/pair" shot at the entry, if market hit your SL, you MUST not re-enter (So you don't start chasing your tail and start racking up losses coz that's what you'll get if you start re-entering. Just 1 shot and that's it)

*** Best I can tell you is enter with the flow of the market, not counter trade.

redsox11:
I got messages asking me how I do my counter trades. Instead of writing back to individuals, I'll put it right here.
First, nothing is set in stone, read the chart and see the behaviour before doing anything.
Take what you can from this, it's just the way I do it when I feel the market rhythm.

I'll post chart later.

redsox11:
Take what you can from this.

seyiade26:
Too much spoon-feeding boss...

AwesomeDuru:
Thanks to all the bosses in the house for helping we the newbies out in the little way you can. I started learning on babypips about two months ago, I have completed babypips school (yes, I was that patient and I studied hard), I headed to forexfactory where I started trying out some systems under 'trading systems section', I have now found one which involves using just Fibonacci and the Stochastic Oscillator and I have been demo trading this system for days now and I must say it looks really good. Right from my days on babypips, I have always loved the Fibonacci Retracements so you can imagine my excitement when I found this system.

I know I don't know anything yet but I'm fully determined to learn. I pledge not to go live until I have an outstanding level of confidence and profitability with my demo practice. I know and accept that trades won't always go my way hence there are bound to be losses. I plan to minimise these losses through proper money management and risk to ratio setups. I won't be greedy, I will be patient always, and I will learn to look at the bigger picture.

I have tried really. I know I have. It's not easy to learn forex from scratch without an expert holding your hands. Prior to the 2 months I got committed to learning it, I would always come to this thread and read about Bulls, Bears, etc, and I would get very angry that I didn't know anything at all about any of the things being said. Look where I am now. I hope to be as meticulous as Currentprice, as confident as Tunderr (my personal favourite, I actually went through all her nairaland posts and most of them are on Forex),and to help newbies with the little I know just as Pinbar helped me understand Priceaction.

I'm ever loyal to everyone. And I will ask questions from time to time, most of which will be stupid, but please those who know should take out their time to help anyway they can. If you're in Nigeria and you're not tired of going to bed each day on an empty belly, then there's something seriously wrong with you. There's my pitch. Happy pipping everyone.


Tunderr, will you be kind as to post the link to the system you talked about on the earlier thread? Thanks so much

bestofwonder:
Boss please can we connect on WhatsApp, I would like to learn, been learning for sometime.

infofirst:
We need to acknowledge effort here too, i remembered this trade. Immediately i saw it, it gave me the extra believe that am right as i was in a sell too. thanks fxwarrior. the tp has been delivered now.

I do not trade all pairs so sometimes, i just might not be able to say something about every calls. @Pipnator, i dey tap inspiration from your lovely calls and charts too. kudos.