ProsperoTrading:



Hi bro, I sent you a mail.

My contest account is showing"authorization failed", what could be the problem

Hazardd:
are you the one that chatted me in WhatsApp

Pipsbasketings:
A lot of traders focus so much on strategy, and not paying enough attention to psychology and risk/money management forgetting that in a situation where your strategy and psychology fails, risk management is the only thing that can rescue you and give you an opportunity to trade another day

Pipsbasketings:
Another withdrawal completed today
5th and Final withdrawal of the month processed, wire transfer - usually gets credited in 2-3days, surprisingly.

@Gasive - The GIF-master of FTA-NL, I've really missed those your GIFs, give me one for this - expecting......

#FXisreal #FXissweet #FXProfits CC: @Seun

Pipsbasketings:
Another withdrawal completed today
5th and Final withdrawal of the month processed, wire transfer - usually gets credited in 2-3days, surprisingly.

@Gasive - The GIF-master of FTA-NL, I've really missed those your GIFs, give me one for this - expecting......

#FXisreal #FXissweet #FXProfits CC: @Seun

Gasive:


Nice one Boss. You're doing great.

That feeling u have when expecting ur cashout is something else.

PipsBasketings right now.

Theyoungmaster:



Going fine thus far.
Currently 53 pips in profit.
I've moved SL to break even and lock in 20 pips profit.
Let's see how it goes...

djwalata:

I'm not about "BUY/SELL"
I'm concerned about d candle formations.
I use fxtm.
U can compare HF with several platforms to get what I'm saying.

Mrbillionaire:
Triple top?

blackman007:



Wrong assertion, it gets to a stage in one's trading career that if you are consistent enough, withdrawals will not mean anything to you anymore except in few instances where the withdrawal is a large amount of money, you only enjoy the high and the euphoria for some mins, close your laptop and go to bed... Think of it this way if you rolls out drums, dancing, and celebrating your profits, what would you do if you incur losses?? Would you shed tears and start weeping like a baby?? I guess not... It all boils down to psychology, I strongly believe that withdrawals isn't something new to boss @pipsbasketings, Its no more a miracle to him like it would for a newbie... Its just a normal thing to him.... my opinion anyways and I hope you understands....

peteregwu:


What broker is this?

emmaodet:


Bro, i mentioned you on a post on about how to solve my backtesting result issue.
Please can you explain better to me?

Pipsbasketings:
Dm teemy

teemy:


Acknowledged

I only quoted boss blackman007, but I can explain.

The trading psychology is your exact belief about your entry, in-trade, and exit. In life, deviation exists, normal deviation, mean deviation, standard deviation; or whatever deviation you may call it, same in trading. Furthermore, there are cases where you will just do what you would normally not do under normal conditions: like not being patient for a complete pattern b4 entry, or you are in a loosing trade and your emotions can no longer endure the -ve running; now, even though it is not yet time for your exit strategy, you rush and exit, then trade starts to go your way.

Many times, you then knock your head and feel sad for the trade now going your way, then you rush in again and price reverses against you. A lot of these happen when your trading psychology fails. Failed psychology is when you want to re-enter the market with a revenge: you double or triple your standard lot size, a few pips against you blows your account.

Failed psychology is when you experience a deviation in your normal trading self: styles/strategies. It is normal, it happens, we are human not robots; when I experience this, I just close my trades & laptop for a whole day and return the next day or two.

Now, when you experience a failed psychology in an already running trade, your pre-planned risk/money management is what keeps you calm, it allows you leave your trade running while you go to bed peacefully, it allows you to go hiking with friends while your trade runs. Depending on traders, risk/money management can be in form of SL or lot size or even number of trades entered.

So, when psychology fails, your pre-planned risk/money management is what keeps you calm.

ProsperoTrading:


Pls can you throw more light on this phrase "when psychology fails"

Neviim:
Boss please help me with 10,000naira. God bless you more. Thanks

Pipsbasketings:
OK!

topsyn03:
Anyone trading synthetic indices here

blackman007:


Yes I do.... Is there a problem??

topsyn03:

No problem at all l see only currency pair is been discussed here. That is why I am asking.

blackman007:


This thread is mainly for forex discussions...

topsyn03:
Let me just drop this

blackman007:


This is a forex thread for the last time...