There is a very disheartening mentality that we as a Nigerian people have adopted. Where we seem to find the way to success but then misdirect everyone else in fear that they would get better than us or attain same level of exposure. It's a poverty mentality that our leaders have instilled in us and one day we'd all break free.

Please, you won't find anything but loss from all those hungry people claiming to have the secret to forex on the radio or wherever and keep marketing one magical system or the other. When you are directed somewhere, ask the person if that is the path they also took to attain their destination and make your judgements from their response.
Success in forex trading is an experience that's only complete when you're directed by like minds who have experienced the pitfalls and would guide you to achieve the benefits of this process with the right foundation.

leaderlegend:

Okay ,thanks

saxy4c:
There is a very disheartening mentality that we as a Nigerian people have adopted. Where we seem to find the way to success but then misdirect everyone else in fear that they would get better than us or attain same level of exposure. It's a poverty mentality that our leaders have instilled in us and one day we'd all break free.

Please, you won't find anything but loss from all those hungry people claiming to have the secret to forex on the radio or wherever and keep marketing one magical system or the other. When you are directed somewhere, ask the person if that is the path they also took to attain their destination and make your judgements from their response.
Success in forex trading is an experience that's only complete when you're directed by like minds who have experienced the pitfalls and would guide you to achieve the benefits of this process with the right foundation.

Thanks

Plan on Gold still remains as is. Still looking at the Sell limit set at about 1500pips above before any substantial downward move on Gold but I'm curious to see what happens around the 2080/5 first.
Trump also won't just shut up and we discussed on the group regarding the impact of this news on Gold and USD.

I'd advice firstly though that fundamentals are not something you should focus on at the start of your forex journey. They just give you unnecessary added load. If you get the Technical Analysis right from a larger perspective, fundamentals most times favor TA.
I can't know for certain what would happen as the human mind interprets news differently, but as I've always stated, Gold has disrespected a lot of TA lately and has been on a one way journey up because of purely fundamentals. America is printing money at an alarming rate, the more cash you throw into the system, the less your reserves [in cash and commodity] are, and that results in a weaker currency.

Read about Risk on Risk off currencies online, but in summary when people run away from the dollar, they buy more Gold whether it is at a high price or not. It's the whole America, China, Russia love triangle that has been making Gold sky rocket without having a proper Techinical retrace. It could go either ways but we are in a buy from almost the bottom of Friday, so I'm not worried. But once 2009 is invalidated for Gold, then there is a totally new plan on how to trade for the coming week.
Cheers.

saxy4c:
140pips up on this. Thats a wrap for me,setting to BE and Leaving trade over the weekend, let's see if price gets to 2048/52 at least.
Could do 2080 and even 2150. I've set a long term sell limit for Gold at 2156/58. Could get there in 2days, 2months or 2weeks, could even go down to 1850 again with this sudden behavior of Gold, but I'm waiting like the wave Master voraz does with his limits.
Have a great weekend family

KingPipmarshall:
Have received quite a few DMs from those who are new to trading. Here are a few reality checks and suggestions.

1) Trading is hard, very hard.
2) Most traders fail. Period.
3) Markets will take their tuition fees.
4) Start only with the money you can afford to lose.
5) There is no holy grail in trading.
6) Technical analysis is the easy part.
7) Paper trading is useless.
Leverage is a big no-no.
9) Your job is to take care of the risk. Rewards take care of themselves.
10) The best trading books are found in the psychology section of the library. For me, Trading in the Zone was a game-changer.

bro please what do you mean by that number 8

saxy4c:
There is a very disheartening mentality that we as a Nigerian people have adopted. Where we seem to find the way to success but then misdirect everyone else in fear that they would get better than us or attain same level of exposure. It's a poverty mentality that our leaders have instilled in us and one day we'd all break free.

Please, you won't find anything but loss from all those hungry people claiming to have the secret to forex on the radio or wherever and keep marketing one magical system or the other. When you are directed somewhere, ask the person if that is the path they also took to attain their destination and make your judgements from their response.
Success in forex trading is an experience that's only complete when you're directed by like minds who have experienced the pitfalls and would guide you to achieve the benefits of this process with the right foundation.

Those on radio, as long as its free, there is nothing wrong with it. It doesn't mean when you learn from them one will become perfect or become a pro. It is for a start for those who are freshers on forex. It is just from them to learn basic knowledge on forex. From there, they can still move on to go deeper in learning more from others wherever. At least it was from radio advert I started mine, attending their seminars, then I moved on from there. At least those free seminars exposed me to what forex is all about.

Let's not condemn them. They opened my eyes to forex Trading. If jot for them, I wouldn't have anything to do with forex. They have contributed their own quota. Everyone can do the same as long as it is free.

leaderlegend:



Oh! Thanks a lot. About the radio advert stuff, how much do you think they might charge ..at most how much pls ? I just want to know how to get prepared

Never you pay money to anyone. Majority of them are free for a start. But as times goes on they will somehow start requesting for money because that is where most of them make their money from. It is just for you to know how forex business works. But some are collecting money, I could remember the one I attended when I started, it was free for the first week, then later the man started charging 5k to 10k naira when he discovered his hall was becoming crowded. That's just it.

saxy4c:

Read about Risk on Risk off currencies online, but in summary when people run away from the dollar, they buy more Gold whether it is at a high price or not. It's the whole America, China, Russia love triangle that has been making Gold sky rocket without having a proper Techinical retrace. It could go either ways but we are in a buy from almost the bottom of Friday, so I'm not worried. But once 2009 is invalidated for Gold, then there is a totally new plan on how to trade for the coming week.
Cheers.

Noted bro, apart from the money person dey make, forex they sweet when analysing, whether fundamentally or technically. I just dey thank God for d knowledge have acquired in this business still hoping for more.

so are you people saying forex is not a business to venture into or what? we know forex is risky and dangerous, yes but teach us how you guys are better in it, please it's okay with the disadvantage let's start hearing the advantage pls bossess

Does anyone hear know about Blufx? They claim they do subscription trading. If you have, let me know your views. Thank you

skylane:
so are you people saying forex is not a business to venture into or what? we know forex is risky and dangerous, yes but teach us how you guys are better in it, please it's okay with the disadvantage let's start hearing the advantage pls bossess

Very profitable if you know whatsup

Do you want some FOREX MOTIVATION? check out my page on nairaland @ https://www.nairaland.com/6037876/forex-trading-results-real-accounts to see how I rake in at least N100k a week. My trades are real with evidence. This is to show to doubting Thomas that this is for real. Don't take advice from failures. They failed by giving up and want to project it on you. Simply say NO to dem NAY SAYERS.

Basketmouth2019:
Do you want some FOREX MOTIVATION? check out my page on nairaland @ https://www.nairaland.com/6037876/forex-trading-results-real-accounts to see how I rake in at least N100k a week. My trades are real with evidence. This is to show to doubting Thomas that this is for real. Don't take advice from failures. They failed by giving up and want to project it on you. Simply say NO to dem NAY SAYERS.

Ur name says it all basketmouth

Bornfool:


Noted bro, apart from the money person dey make, forex they sweet when analysing, whether fundamentally or technically. I just dey thank God for d knowledge have acquired in this business still hoping for more.

Sure forex is a business and far better than betting. Although some approach with a gambler mentality and are soon taught a lesson by the market.

First avoid over trading, if you see there's low volume and tight range. Please sit in out. There's no fun in losing money.

Analyze your candlestick and observe a trend.

Follow what works for you. For me, I enter a trade and endeavor to close the trade same day so I'm a day trader.

Discipline is key. Avoid revenge trades.

Theres no trader that has never lost money in forex but minimize your losses and maximize your profits and you'll end up profitable.

Experience is key. Gather experience as the years roll by.

I just remembered Ogbograph, dude would want to become a millionaire within a week and end up making huge pips only to lose them and soon receive margin.

I personally have had my own fair share of margin calls along the years.

Avoid competition all you can and avoid impulsive trades too.

Special mentions Rozayx, Nado, Naijababe etc I don't know their whereabouts now but miss them.

If you need another side hustle visit this thread
https://www.nairaland.com/3430037/what-make-money-online

Fxwarrior:


Sure forex is a business and far better than betting. Although some approach with a gambler mentality and are soon taught a lesson by the market.

First avoid over trading, if you see there's low volume and tight range. Please sit in out. There's no fun in losing money.

Analyze your candlestick and observe a trend.

Follow what works for you. For me, I enter a trade and endeavor to close the trade same day so I'm a day trader.

Discipline is key. Avoid revenge trades.

Theres no trader that has never lost money in forex but minimize your losses and maximize your profits and you'll end up profitable.

Experience is key. Gather experience as the years roll by.

I just remembered Ogbograph, dude would want to become a millionaire within a week and end up making huge pips only to lose them and soon receive margin.

I personally have had my own fair share of margin calls along the years.

Avoid competition all you can and avoid impulsive trades too.

Special mentions Rozayx, Nado, Naijababe etc I don't know their whereabouts now but miss them.

Thanks bro for d advice

waiting for final sell confirmation to grab 50pips

Ajibade123:

bro please what do you mean by that number 8

High leverage makes a trader over trade. Without leverage, a trader will plan taking the best setups. One good trade at a time.

KingPipmarshall:


High leverage makes a trader over trade. Without leverage, a trader will plan taking the best setups. One good trade at a time.

thanks boss

Ajibade123:
please can somebody summarize the whole concept of leverages for me and how it is different from lot size
and what's the best leverage for $20 account

anybody please??

wiconse:

Very profitable if you know whatsup

thank you boss for the repo

Risky trade.
Avoid Gold on low equity.
I'm adding Gold buy 2026 SL 2016 for all trades. First target 2052 aiming for 2080.

saxy4c:
Plan on Gold still remains as is. Still looking at the Sell limit set at about 1500pips above before any substantial downward move on Gold but I'm curious to see what happens around the 2080/5 first.
Trump also won't just shut up and we discussed on the group regarding the impact of this news on Gold and USD.

I'd advice firstly though that fundamentals are not something you should focus on at the start of your forex journey. They just give you unnecessary added load. If you get the Technical Analysis right from a larger perspective, fundamentals most times favor TA.
I can't know for certain what would happen as the human mind interprets news differently, but as I've always stated, Gold has disrespected a lot of TA lately and has been on a one way journey up because of purely fundamentals. America is printing money at an alarming rate, the more cash you throw into the system, the less your reserves [in cash and commodity] are, and that results in a weaker currency.

Read about Risk on Risk off currencies online, but in summary when people run away from the dollar, they buy more Gold whether it is at a high price or not. It's the whole America, China, Russia love triangle that has been making Gold sky rocket without having a proper Techinical retrace. It could go either ways but we are in a buy from almost the bottom of Friday, so I'm not worried. But once 2009 is invalidated for Gold, then there is a totally new plan on how to trade for the coming week.
Cheers.

Bornfool:
EURAUd is riping for buy let see whether a pin bar will form today. 1.6892 will be our tp

Forex is making sense to me now

Buying again sl 1.6360
Tp 1.6892

Took me out on d first trade with a tight stoploss, may God help us this weekoo

EURUSD looks good BUy 1785/90 with 50pips SL.
Buy NZDJPY 69.90 SL 40pips TP open.
Buying GBPUSD 3050 SL 3005 TP open.

Selling USDCAD 3390 SL 3420 TP 3310

KingPipmarshall:
EurAud Daily Timeframe.

I'm selling

Can EurAud play the X and O pattern on 4hr timeframe? Patience is an important skill in trading.

Selling USDJPY 105.97 SL 106.09 TP 105.07

saxy4c:
There is a very disheartening mentality that we as a Nigerian people have adopted. Where we seem to find the way to success but then misdirect everyone else in fear that they would get better than us or attain same level of exposure. It's a poverty mentality that our leaders have instilled in us and one day we'd all break free.

Please, you won't find anything but loss from all those hungry people claiming to have the secret to forex on the radio or wherever and keep marketing one magical system or the other. When you are directed somewhere, ask the person if that is the path they also took to attain their destination and make your judgements from their response.
Success in forex trading is an experience that's only complete when you're directed by like minds who have experienced the pitfalls and would guide you to achieve the benefits of this process with the right foundation.

Good morning sir, please send me your phone number, I want to make enquiry about $100 dollars challenge. I want to join. Please send me your phone number or respond to my email and tell me how to get started. My No is; Zero 8 one 2 8 seven seven 0 9 seven 8. My email is ukemson4real at Gmail. I'm waiting for your reply, thank you

KingPipmarshall:


Can EurAud play the X and O pattern on 4hr timeframe? Patience is an important skill in trading.

Instead of setting unrealistic expectations for this week, resolve to simply be patient and consistent.

Ukemson001:
Good morning sir, please send me your phone number, I want to make enquiry about $100 dollars challenge. I want to join. Please send me your phone number or respond to my email and tell me how to get started. My No is; Zero 8 one 2 8 seven seven 0 9 seven 8. My email is ukemson4real at Gmail. I'm waiting for your reply, thank you

Check his signature and join the telegram group their
He will answer all ur questions their

Ajibade123:

anybody please??

levearge is what your broker borrow you to trade,

for lot size

lot size is the amt of currency you are trading. there are different lot sizes
standard, micro and mini
1.0 means 10usd/pip
0.1 means 1und/pip
0.01 means 10cent/pip