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Blackeuropean:


Forex is not what you can learn overnight, just know this, otherwise you will lose or be in debts.

Thank you

I'm aware of that fact sir!

I tried sourcing for materials, watching videos.....It's just so overwhelming that I don't know where to start from.


Pls note I have no basic knowledge about it

FACTS ONLY!!!

JerryQ:
I can see only about 10% of traders are having trading challenges in here. The other 90% are doing so well they can't help but show off. We have completely reversed the statistics. We try!

We are crashing accounts and still making noise, we are in big forex debt yet we are not yet humble. From the day you started trading still date, you are on serious negative yet you can't hide yourself and work on yourself. Lets just keep deceiving ourselves. But for Newbies in here, hear the truth, many persons in here are in serious debts and problem caused by forex yet they pose as professionals. Many in here are not successful at the end of the month yet they fake it. Don't get deceived

This is what I'd do.
Open a dollar denominated account from the main hotforex website, please don't go through any Nigerian office or whatever. If you have up to 200usd, open zero spread account.
Select the option of Local deposits and if you see your bank as an option use it and your account should be funded within an hour if you follow the stipulated instructions.
As per withdrawals they would always send your money through whichever means you deposited with a marvelous exchange rate, so it's back to your Naira account. If you request in the morning, you'd be credited before close of day. Any other time you'd get credited the next day.
They are very efficient and respond to complaints on time. I recommend them especially for demo accounts

SilentVboy:
pls help a brother. i want to open an acct with HOTFOREX.
thanks.

JerryQ:
I can see only about 10% of traders are having trading challenges in here. The other 90% are doing so well they can't help but show off. We have completely reversed the statistics. We try!

We are crashing accounts and still making noise, we are in big forex debt yet we are not yet humble. From the day you started trading still date, you are on serious negative yet you can't hide yourself and work on yourself. Lets just keep deceiving ourselves. But for Newbies in here, hear the truth, many persons in here are in serious debts and problem caused by forex yet they pose as professionals. Many in here are not successful at the end of the month yet they fake it. Don't get deceived

At the bolded.

Mehn. U are a genius..... U just typed exactly what is on my mind.

saxy4c:
This is what I'd do.
Open a dollar denominated account from the main hotforex website, please don't go through any Nigerian office or whatever. If you have up to 200usd, open zero spread account.
Select the option of Local deposits and if you see your bank as an option use it and your account should be funded within an hour if you follow the stipulated instructions.
As per withdrawals they would always send your money through whichever means you deposited with a marvelous exchange rate, so it's back to your Naira account. If you request in the morning, you'd be credited before close of day. Any other time you'd get credited the next day.
They are very efficient and respond to complaints on time. I recommend them especially for demo accounts

what's the difference between the zero spread account and the premium account? Asides the zero spread

sconp:



what's the difference between the zero spread account and the premium account? Asides the zero spread

If you don't pay spread, you will pay COMMISSION plus plenty SWAP.

Do not allow any broker deceive you with the ZERO spread lie. It is just a trick they play on traders that are not knowledge-able.

lanrezy:


Thank you

I'm aware of that fact sir!

I tried sourcing for materials, watching videos.....It's just so overwhelming that I don't know where to start from.


Pls note I have no basic knowledge about it

Go to www.babypips.com, school of kindergarten in it, but after reading that you still need a mentor to work with.

Blackeuropean:


Go to www.babypips.com, school of kindergarten in it, but after reading that you still need a mentor to work with.

thanks bro

I'll go check it out

Blackeuropean:


If you want to open a Forex account with any broker, make sure you open with the main broker and not affiliated one, USD better and if you are using bankwire to fund, withdrawal should not take 6 hours or less depending on your bank.
Bank then in Nigeria, wgen I use Eco on hotforex, bankwire once I do by 8am, by 1pm money is in my account.

What is the disadvantage of using an affiliate account

The zero spread account has lower spread especially for the exotic pairs, I recommend that.

sconp:
what's the difference between the zero spread account and the premium account? Asides the zero spread

wiconse:

What is the disadvantage of using an affiliate account

To avoid stories that touches the heart if you make big profits.

I would take a quick BO scalp trade with
GBPUSD Buy 1.3004 SL 1.2994 TP 1.3034
AUDJPY Sell 75.75 SL 75.85 Tp 75.45

Instaforex has a lot of them, you pay them and they deposit for you, same as withdrawal. That's different from using an Introducing Brokers link though.

wiconse:
What is the disadvantage of using an affiliate account

saxy4c:
Instaforex has a lot of them, you pay them and they deposit for you, same as withdrawal. That's different from using an Introducing Brokers link though.

That means if I am a partner to a broker, my client cannot deposit by him/herself?

saxy4c:
I would take a quick BO scalp trade with
GBPUSD Buy 1.3004 SL 1.2994 TP 1.3034
AUDJPY Sell 75.75 SL 75.85 Tp 75.45

I sold gu.

saxy4c:
Instaforex has a lot of them, you pay them and they deposit for you, same as withdrawal. That's different from using an Introducing Brokers link though.

That broker is a scam

Blackeuropean:


To avoid stories that touches the heart if you make big profits.

Does that mean being a partner is not also good?

Partners/Affiliates/ Introducing brokers are basically same things. Of course your client can deposit to their brokers directly, you just get a commission on their trading.
But paying through an affiliate is what you should be wary of, you're putting funds in their hands to exchange for you and deposit, your withdrawals can also only come through them. I see that a lot with a few brokers that have offices in Lagos. Never trusted that means of account funding.

wiconse:

That means if I am a partner to a broker, my client cannot deposit by him/herself?

Got 2 sells on GBPUSD as well, like I said it's a scalp to take advantage of a small retrace.

wiconse:

I sold gu.

wiconse:


Does that mean being a partner is not also good?

The answer just quoted as he said.

saxy4c:
Partners/Affiliates/ Introducing brokers are basically same things. Of course your client can deposit to their brokers directly, you just get a commission on their trading.
But paying through an affiliate is what you should be wary of, you're putting funds in their hands to exchange for you and deposit, your withdrawals can also only come through them. I see that a lot with a few brokers that have offices in Lagos. Never trusted that means of account funding.

wiconse:


Does that mean being a partner is not also good?

The answer just quoted as he said below.

POTENTIAL TRADE IDEA FOR USDCAD

meshpips:
USDCAD

Sell at current price (1.30658)

Stop loss 30 pips

Target: open

Outcome of this trade recommendation . . .

Powered by VAP ^TM

Jpy data after 4h, 10m. Me, I'm expecting xxxjpy will fall. Let me enter sells across board.

Looking at these trades:

Also these:

USDJPY

Entry to exit

. . . powered by VAP ^TM

Instead of drawing lines on the chart, just show us your entry and exit after you are done with the trade.

If anyone finds it intriguing or fascinating, they can go ahead to ask questions.

I am tired of seeing just lines on charts when even the poster will not take the trades.

Let's stop all this child's play and show what you actually TRADED instead of what you are THINKING about.

You are a TRADER not a THINKER!!!

Since we have refused to attach links to our myfxbook to our signature, let us just try to do this one.

Traders have a mind of their own! Nobody will follow trade calls from others (well maybe a few that are still learning).

Let us see your accuracy on ENTRY and EXIT then we will know whether or not you've got stuff we can learn from.

All those line drawing will only generate arguments and in - fighting within the thread.

But pulling your order ID unto an empty chart will only make people ask when they truly need help and by then the person asking will not be arguing with you.

Me don tire for yeye arguments. Make we show real stuff traded and leave all those line drawing for kids and analysts.

Feels good to be back

My Outlook. It would take some time to get there. I Sold yesterday though.

Observing usdchF for long continuation on H4

EurCad for long H4