₦airaland Forum

aonuh:
Hi,
I'm new here. Presently have a mentor that is teaching us (group) for free and this is my first time and I'm exploring already.
One lesson from him is "please teach for free"

Thanks to you guys that has been doing that on this trend. I will keep following.

could u pls share d link to d tutorial.. I'm also a newbie and I want to learn.

thanks.

redsox11:

If you are lucky, the broker you plan to use have MT4/5 MAC version.

If not, what is your Mac OS version ? don't say macOS Catalina.

If not, then download PlayonMac, that would allow your mac run any microsoft software.

Cheers.

Am in high Sierra open for updates

Got the playonMac but was hooked having issues with the attached

Importance Of Sentiment Trading!!!
The table below shows the H4 positions of traders across world major FX brokers. On average only about 30% have a LONG POSITION while 70% have opened a Short Position for EURUSD. Guess what? ONLY 30% WERE CORRECT!

Selling EURUSD 1.1185 sl 1.1222 tp open. Looking for 3R at least.

redsox11:
I see from your Dock, you've got brokers already like XM and FxChoice. Is that not enough?
Note, if your broker have MT4 for mac , then download that one directly.

Yes.

Wanted to go live with hotforex.

When I click cancel it starts afresh.

The broker is yet to reply my mail.

EURCHF Buy 1.08930 SL 1.08400 TP 1.10300
USDCHF Buy 0.9730 SL 0.9700 TP 0.9830

EURJPY SELL 122.30 SL 122.65 TP 121.00

Now adding a 3rd gold buy at 1514 sl 1507 tp for all 1534.

saxy4c:
The market can always give back what it took away. This trade is up 70pips on our 30pips risk. I'm aiming for some hundred pips on this lady as usual.


This one is up 50pips. I'm not saying forex is easy o, but it's definitely not as complicated as people make it seem.

bojbest:
Bro Lets connect.

My whatsapp number is

Or drop urz

Ok

[b][/b]A Wonderful Piece I picked From Forex Factory Really Saw My Self In It

[b][/b]The 5 Steps to becoming a trader

[b][/b]Step One: Unconscious Incompetence.

This is the first step you take when starting to look into trading. you know that its a good way of making money because you've heard so many things about it and heard of so many millionaires. Unfortunately, just like when you first desire to drive a car you think it will be easy - after all, how hard can it be? Price either moves up or down - what's the big secret to that then - lets get cracking!

Unfortunately, just as when you first take your place in front of a steering wheel you find very quickly that you haven't got the first clue about what you're trying to do. You take lots of trades and lots of risks. When you enter a trade it turns against you so you reverse and it turns again .. and again, and again.


You may have initial success, and thats even worse - cos it tells your brain that this really is simple and you start to risk more money.


You try to turn around your losses by doubling up every time you trade. Sometimes you'll get away with it but more often than not you will come away scathed and bruised You are totally oblivious to your incompetence at trading.

This step can last for a week or two of trading but the market is usually swift and you move onth the next stage.

[b][/b]Step Two - Conscious Incompetence

Step two is where you realise that there is more work involved in trading and that you might actually have to work a few things out. You consciously realise that you are an incompetent trader - you don't have the skills or the insight to turn a regular profit.

You now set about buying systems and e-books galore, read websites based everywhere from USA to the Ukraine. and begin your search for the holy grail. During this time you will be a system nomad - you will flick from method to method day by day and week by week never sticking with one long enough to actually see if it does work. Every time you come upon a new indicator you'll be ecstatic that this is the one that will make all the difference.

You will test out automated systems on Metatrader, you'll play with moving averages, Fibonacci lines, support & resistance, Pivots, Fractals, Divergence, DMI, ADX, and a hundred other things all in the vein hope that your 'magic system' starts today. You'll be a top and bottom picker, trying to find the exact point of reversal with your indicators and you'll find yourself chasing losing trades and even adding to them because you are so sure you are right.

You'll go into the live chat room and see other traders making pips and you want to know why it's not you - you'll ask a million questions, some of which are so dumb that looking back you feel a bit silly. You'll then reach the point where you think all the ones who are calling pips after pips are liars - they cant be making that amount because you've studied and you don't make that, you know as much as they do and they must be lying. But they're in there day after day and their account just grows whilst yours falls.

You will be like a teenager - the traders that make money will freely give you advice but you're stubborn and think that you know best - you take no notice and overtrade your account even though everyone says you are mad to - but you know better. You'll consider following the calls that others make but even then it wont work so you try paying for signals from someone else - they don't work for you either.


You might even approach a 'guru' like Rob Booker or someone on a chat board who promises to make you into a trader(usually for a fee of course). Whether the guru is good or not you wont win because there is no replacement for screen time and you still think you know best.


This step can last ages and ages - in fact in reality talking with other traders as well as personal experience confirms that it can easily last well over a year and more nearer 3 years. This is also the step when you are most likely to give up through sheer frustration.

Around 60% of new traders die out in the first 3 months - they give up and this is good - think about it - if trading was easy we would all be millionaires. another 20% keep going for a year and then in desperation take risks guaranteed to blow their account which of course it does.


What may suprise you is that of the remaining 20% all of them will last around 3 years - and they will think they are safe in the water - but even at 3 years only a further 5-10% will continue and go on to actually make money consistently.


By the way - they are real figures, not just some ive picked out of my head - so when you get to 3 years in the game dont think its plain sailing from there.


Iv had many people argue with me about these timescales - funny enough none of them have been trading for more that 3 years - if you think you know better then ask on a board for someone who's been trading 5 years and ask them how long it takes to become fully 100% proficient. Sure i guess there will be exceptions to the rle - but i havent met any yet.


Eventually you do begin to come out of this phase. You've probably committed more time and money than you ever thought you would, lost 2 or 3 loaded accounts and all but given up maybe 3 or 4 times but now its in your blood

One day - im a split second moment you will enter stage 3.

[b][/b]Step 3 - The Eureka Moment

Towards the end of stage two you begin to realise that it's not the system that is making the difference. You realise that its actually possible to make money with a simple moving average and nothing else IF you can get your head and money management right You start to read books on the psychology of trading and identify with the characters portrayed in those books and finally comes the eureka moment.

The eureka moment causes a new connection to be made in your brain. You suddenly realise that neither you, nor anyone else can accurately predict what the market will do in the next ten seconds, never mind the next 20 mins.


Because of this revelation you stop taking any notice of what anyone thinks - what this news item will do, and what that event will do to the markets. You become an individual with your own method of trading


You start to work just one system that you mould to your own way of trading, you're starting to get happy and you define your risk threshold.

You start to take every trade that your 'edge' shows has a good probability of winning with. When the trade turns bad you don't get angry or even because you know in your head that as you couldn't possibly predict it it isn't your fault - as soon as you realise that the trade is bad you close it . The next trade or the one after it or the one after that will have higher odds of success because you know your system works.


You stop looking at trading results from a trade-to-trade perspective and start to look at weekly figures knowing that one bad trade does not a poor system make.


You have realised in an instant that the trading game is about one thing - consistency of your 'edge' and your discipline to take all the trades no matter what as you know the probabilities stack in your favour.

You learn about proper money management and leverage - risk of account etc etc - and this time it actually soaks in and you think back to those who advised the same thing a year ago with a smile. You weren't ready then, but you are now. The eureka moment came the moment that you truly accepted that you cannot predict the market.

[b][/b]Step 4 - Conscious Competence

You are making trades whenever your system tells you to. You take losses just as easily as you take wins You now let your winners run to their conclusion fully accepting the risk and knowing that your system makes more money than it looses and when you're on a loser you close it swiftly with little pain to your account

You are now at a point where you break even most of the time - day in day out, you will have weeks where you make 100 pips and weeks where you lose 100 pips - generally you are breaking even and not losing money. You are now conscious of the fact that you are making calls that are generally good and you are getting respect from other traders as you chat the day away. You still have to work at it and think about your trades but as this continues you begin to make more money than you lose consistently.

You'll start the day on a 20 pip win, take a 35 pip loss and have no feelings that you've given those pips back because you know that it will come back again. You will now begin to make consistent pips week in and week out 25 pips one week, 50 the next and so on.

This lasts about 6 months

[b][/b]Step Five - Unconscious Competence

Now we’re cooking - just like driving a car, every day you get in your seat and trade - you do everything now on an unconscious level. You are running on autopilot. You start to pick the really big trades and getting 200 pips in a day doesnt make you any more excited that getting 1 pips.


You see the newbies in the forum shouting 'go dollar go' as if they are urging on a horse to win in the grand national and you see yourself - but many years ago now.

This is trading utopia - you have mastered your emotions and you are now a trader with a rapidly growing account.

You're a star in the trading chat room and people listen to what you say. You recognise yourself in their questions from about two years ago. You pass on your advice but you know most of it is futile because they're teenagers - some of them will get to where you are - some will do it fast and others will be slower - literally dozens and dozens will never get past stage two, but a few will.

Trading is no longer exciting - in fact it's probably boring you to bits - like everything in life when you get good at it or do it for your job - it gets boring - you're doing your job and that's that.


Finally you grow out of the chat rooms and find a few choice people who you converse with about the markets without being influenced at all.


All the time you are honing your methods to extract the maximum profit from the market without increasing risk. Your method of trading doesnt change - it just gets better - you now have what women call 'intuition'

You can now say with your head held high "I'm a currency trader" but to be honest you dont even bother telling anyone - it's a job like any other.


I hope youve enjoyed reading this journey into a traders mind and that hopefully youve identified with some points in here.


Remember that only 5% will actually make it - but the reason for that isnt ability, its staying power and the ability to change your perceptions and paradigms as new information comes available.


The losers are those who wanted to 'get rich quick' but approached the market and within 6 months put on a pair of blinkers so they couldnt see the obvious - a kind of "this is the way i see it and thats that" scenario - refusing to assimilate new information that changes that perception.


Im happy to tell you that the reason i started trading was because of the 'get rich quick' mindset. Just that now i see it as 'get rich slow'

If you're thinking about giving up i have one piece of advice for you ....

Ask yourself the question "how many years would you go to college if you knew for a fact that there was a million dollars a year job at the end of it?

Take care and good trading to you all.

emmythetbcWiz:
could u pls share d link to d tutorial.. I'm also a newbie and I want to learn.

thanks.

There's no link, it's a one on one tutorial. I can help only if you need help on a specific explanation.

Hi,
Who's online analysing at this point?
Kindly check EURUSD for a sell and let us know what you think.

saxy4c:
Now adding a 3rd gold buy at 1514 sl 1507 tp for all 1534.

Great job bro

Thanks a lot.

aonuh:
Great job bro

aonuh:
Hi,
Who's online analysing at this point?
Kindly check EURUSD for a sell and let us know what you think.

What others think is never important. The best trader maybe wrong. Your analysis remains the best.

What was the reason you saw sell on the EU and why didn't you take it when you saw it? Are you new to trading?

aonuh:
Hi,
Who's online analysing at this point?
Kindly check EURUSD for a sell and let us know what you think.

Would love to learn too

aonuh:
There's no link, it's a one on one tutorial. I can help only if you need help on a specific explanation.

GladmanGoddey:
[b][/b]A Wonderful Piece I picked From Forex Factory Really Saw My Self In It

[b][/b]Step 3 - The Eureka Moment

Towards the end of stage two you begin to realise that it's not the system that is making the difference. You realise that its actually possible to make money with a simple moving average and nothing else IF you can get your head and money management right You start to read books on the psychology of trading and identify with the characters portrayed in those books and finally comes the eureka moment.

You have realised in an instant that the trading game is about one thing - consistency of your 'edge' and your discipline to take all the trades no matter what as you know the probabilities stack in your favour.

Take care and good trading to you all.

You're damn right simple moving averages do work plus round numbers, and that's all the big boys use...
With enough experience you can hand pick great trades just looking at the emas...
The quickest shortcut to money management is to make sure your margin level stays above 1500% (this helps in absorbing unexpected draw downs and recovery trades) when you stack your trades with the lowest lotsizes of 0.01...as you accumulate profits, your stacks increases and you stay under the radar with margin level at same 1500%...

Hi, when you say study the market, what do you look out for? What strategy do you use to enter the trades and how long have you been doing this for? In summary, what sort of experience have you had in forex, do you know the basics? @MShud same applies to you bro.

Sylviaunusual:
Merry Christmas everyone... Pls i really need help with forex trading, i keep loosing in my demo account.

saxy4c:
Why was the reason you saw sell on the EU and why didn't you take it when you saw it? Are you new to trading?

Yes I am new. That's why I wanted the professionals take on the trade.

GladmanGoddey:
[b][/b]A Wonderful Piece I picked From Forex Factory Really Saw My Self In It

[b][/b]The 5 Steps to becoming a trader

[b][/b]Step One: Unconscious Incompetence.

This is the first step you take when starting to look into trading. you know that its a good way of making money because you've heard so many things about it and heard of so many millionaires. Unfortunately, just like when you first desire to drive a car you think it will be easy - after all, how hard can it be? Price either moves up or down - what's the big secret to that then - lets get cracking!


Ask yourself the question "how many years would you go to college if you knew for a fact that there was a million dollars a year job at the end of it?

Take care and good trading to you all.

Insightful, thanks for sharing.

Thanks everyone for your wishes nd prayer. God bless

aonuh:
Hi,
Who's online analysing at this point?
Kindly check EURUSD for a sell and let us know what you think.

I hope this is not coming late, personally I wont make any attempt sell EURUSD at all, eventhough the pair have been selling since April 2018, last week and friday candle is bullish, so it's only advisable to stay out and watch for better clue, while you look for another pair to trade.

Cheers

Edd1e:
It's being a good year trading year. Hope people here learn a great deal. Thanks to those who keeps this thread going, teaching us, giving advices and helping us in our Trading, we really appreciate.
Thanks to everyone who at one way or the other keeps this thread alive through thick and thin... We hope to continue the peace and education in the next thread.

Thanks to Saxy4c, PipMarshall, Pipnator10, others, for the charts and education, I can't begin to mention monikers, here go full.

I will like to implore the veterans here to create the next thread.

@infofirst
@currentprice
@Shevychen2
@Priceaction
@other veterans

It's being fun guys

Wishing us Merry Christmas and Happy New Year in advance...

Thanks for the privilege. I want to suggest I b exempted. I have once started a new season of the thread in the past. Let another person who has not for once in the past do. Suggestions and nominations allowed. The new season is expected to be open around first hour of the next month.

I hope we are all counting our reds and green pips and reflecting.

@meshpips... Why can't you lead by example. Kindly post your myfxbook link and ensure it is that same trading account you said you will attach since the last time and see how many will follow your step too.
My own view is that no one shd be compel to attach any link and infact it is not a must you take every trade call you post. For one reason or the other, you might have exhausted your limits and sharing might benefit someone else.

@all there are so many approach to do it in this business. Never ever think you have the best approach. But for everyone trying to improve, be sincere to yourself to know what works and improve on it and let go of the ones that do not work for you.
Let's respect every one as well. If we must respond to a post, let it be with wisdom.

infofirst:
This last one for the year as alert


Audnzd... Buy 1.0450. Sl 1.0340. Tp
1.0800

If you can keep this till next year. Happy pipping
Happy vacation.

Make una remember me in prayer too. Down a bit.
In some Hush.
#Godprotection

Update...... Trade is in minus 51. I initially took 0.05lot. I have added 0.01 lot buy at 1.04157.

Free money.

Happy new year in advance.

Sell stop gold at 1510
Stoploss at 1515

Target at 1500

Enjoy.

infofirst:
Thanks for the privilege. I want to suggest I b exempted. I have once started a new season of the thread in the past. Let another person who has not for once in the past do. Suggestions and nominations allowed. The new season is expected to be open around first hour of the next month.

I hope we are all counting our reds and green pips and reflecting.

@meshpips... Why can't you lead by example. Kindly post your myfxbook link and ensure it is that same trading account you said you will attach since the last time and see how many will follow your step too.
My own view is that no one shd be compel to attach any link and infact it is not a must you take every trade call you post. For one reason or the other, you might have exhausted your limits and sharing might benefit someone else.

@all there are so many approach to do it in this business. Never ever think you have the best approach. But for everyone trying to improve, be sincere to yourself to know what works and improve on it and let go of the ones that do not work for you.
Let's respect every one as well. If we must respond to a post, let it be with wisdom.

I'll be glad to host next year'$ edition with the house permission.

Fxwarrior:
I'll be glad to host next year'$ edition with the house permission.

PERMISSION DENIED

wiconse:
PERMISSION DENIED

Maybe you could reconsider.