₦airaland Forum

MONEY247:
Ever learning.....
More pips sire...

Feshizzy:
Yes, if you are already a billionaire

Why do I feel like this is the funniest reply of the year 2022

infofirst:
@charly20 @darkpal1 @jammer777 @samfelly @ Mystiquefia @kaesyrn@riverrun @Dennison4luv @gramps @natanata77 @gasive @onelove23@prospero @zonal @yetown @smith530 @everyother contestants
As we are about to start the contest this period, kindly do not forget to read the rules again and please lets be mature and strive to trade responsibly. Been active on this thread is a requirement as well.
And going in to the new week, what are the two pairs you intend to trade? What will be your risk and rewards per trade? What do you look out for when taking entries and exits? What have you learnt in this fx journey? What's your risk mgt like? How about your trading psychology?

Thanks, boss, for trying to fine-tune the best way for us to master how to trade profitably well, in the long.

Although, I have started trading before seeing this piece you wrote. The two pairs I am trading are B.T.C and Dow Jones. My RR is often not decided, cos of my scalping strategy. Nevertheless, I'll try and work with 1:5.

As for what I often look out for when taking entries is in line with the old Forex terms - Buying low. Selling high . Exit is as the spirit leads o . Especially if I see that the market will take back the profit made so far, I exit.

I have learned that patience holds the greatest reward in this FX journey, but I still lack it

Risk Management? E poor

Trading psychology never still sound, but I dey do my best.

GreatestManEver:
If you’re a forex trader. You’re a hot cake
Just be consistent,disciplined and excellent I mean at the top of your game
Never sleep worse than you wake up.
Sleep more intelligently every day(chart and psychology wise , risk& trade management)
If you lose a trade and you didn’t break your rules or shatter your psychology; it’s a win brothers!
We are assets.
Treat yourself like one every time!

No xo, Motivation overdose . Sincerely, sleep is so so paramount for every trader out there

GreatestManEver:
each pip worth 0.04 $
For btcusd the same thing as Gold
Please to make life easy for yourself ,when you draw your short/long position tool on trading view it’ll bring the amount you’re risking as SL in pips
I.e if BTC Dey 40000 and your SL is 39700
You’re risking 300pips not 30pips
If you’re risking 20$ I.e 20/300= 0.066
0.066 is your lots
For every pip move, 0.066$ goes in or out of your balance

As easy as setting IV line

Hahahahaha, Doctor Strange in the house, pipo

infofirst:
You are Mr Woos.
You talked of rewards and not risks. Time bomb. In this same market?
1pip on 100lots is $1000. You talked too much bro. That is not even up to my house rent in one month

infofirst:
May be it is even 2%. The fin market is that market that publicly display how greedy man can be. Greediness triggers impatience, poor risk mgt, over confidence. The prop firm will continue to excel because they are on the 98% side of the equation. I wished there is treatment for greediness. But the truth is, no matter the education and all that. The narrative will never change. Man will forever be greedy. That law of nature that says life is like a pyramid will always be true. The bottom accommodates many why the top is for selected few. This is in every profession.
Those with less than 5 years experience should take note of all of these things. the market do not like the proud traders. it will catch you and your five years gains will wipe off in one week max.

The chief has dropped the real deal . Meditation don follow

BrightFuture48:
Congratulations bro and to other participants. We are growing stronger and wiser. That your last breakout na boom and thank God you enter with all your lots. It's an eye opener for me. I chase you small make I take the lead but atleast runner up isn't bad after all.

It can only be GOD!

https://trader.ftmo.com/metrix?share=7eb10823d6bb&lang=en

Lol you really try too, boss. Continue to make us all proud o

karkinase:
It can only be GOD.. hardwork, sleepless nite and perseverance surely paid off. Time to start making the real bucks from here.

Yes, boss, that is the spirit joor. Congratulations. We are coming behind you slowly and surely

ZiniPips:
Forex trading is not a quick rich get syndrome. I started this journey may last year in my final year in school. My very good neighbor and a friend brought me to the world of forex. I was just eager to start cashing out like him.

But my story was different. Blew $10 account 5 times. I paid school fees like no man's business. It wasn't funny for me that period. Some parts of my school fees and feeding went to forex. It was disheartening. Did I give up? Your guess is as good as mine.

I sat my ass down. Jotted all my mistakes like lack of patience, greed, using bigger lot size, lack of confidence, adjusting my stop loss, and lack of discipline.

But now the story is different. I'm a graduate but not looking for a job. Even though the pay is rewarding, I won't accept it. I thank God I didn't give up along the line.

To newbies, you really need to understand the market like it's yours. Know your resistance and support zones, trend lines are your friend, false breakouts, etc. Give it your time, learn, and study. I myself do study from time to time.

If I can, definitely you can. Forex is my world.

Good morning my fellow traders. More positive pips.

infofirst:
Thats the spirit.
Trading strategy, risk mgt, psychology, consistency, x, y, z

Boss, I just sent a mail requesting for Contest 5 Entrance Link

Feshizzy:
You are not alone bro,
Last week and this week have been the challenging week for since i went live,
The war really pushed me to the limits,

My account took a whooping 60%DD, at that point i was just waiting for the margin to call in and whip the account,
Last week and this week, i lost my entire prop accounts like 5 of them.

It's a bitter experience but it's worth it,
Now, i have better replanning for my props, so i don't loose them in the future,

Well it's part of the price we pay for greatness, I'm just glad I didn't learn this better lesson with a super high account. Omo, e for too choke

dennison4luv:
Honestly the market is really crazy this days, from February-- march i have lost 3 prop firm funds account

haryodehjia:
Demo update: Account blown cos I'm just determined gold will sell.. My strategy didn't work well with gold but worked well with other pairs.. Likely I will drop gold and start again

3months account gone and I feel sad cos of the win rate

rhynoemmie:
Update

It has finally fallen..

Taken my quick scalp and I'm out.

For those trading us30, I think it has a negative correlation with gold, that is, if gold is going up, us30 is going down... Have been watching this for like a week..

It even happened today sef

Has anybody noticed this before?

rhynoemmie:
Views on gold.

Will be waiting for the downfall once it has changed structure.

Sell stop is already in place

Will ba looking at 1997 for my tp

Gold met your expectations, and more, right?

Pablo9090:
Oh my gawd!!!, my left balls is now congealed, the first signal didn't work out bro, this market na wild beast , normally beast are wild but with what am seeing the market is a wilder beast, please let me smoke my loud while listening to Roddy ricch hibachi!!

Lol. WHY ARE YOU RUNNING. SMALL PLAY WEY MARKET THROW UR WAY, YOU DEY RUN

Kaybee7000:
Sigh

Abeg when is the next comp abeg?

you can't wait, abi?

Na next week Monday o, if all thing became equal sha.

Forex na bad boy o, try dey breathe and relax o. We go make am.

Englishisamust:
I go hire soldier wey go dey beat me be dat

SpeedyPuff:
Hello guys. Please I need help. I can't connect my Octafx account to mt4

When it connects, the whole app goes blank. Why is this happening?

Feshizzy:
Abeg give up oo,
You sef don try

Comrade, reduce the volume

GabsonFX:
Who remembers this fundamental I posted here on Jan 31st about oil. See the oil result today.

Fundamental analysis is the Genius
Technical analysis is the guru.

Correct. This war na ginger to the market

Fleckingemy:
Sometimes I feel like give up have lost more than 500$ some to all this fake signal provider l, some to all these fake online teachers does it really worth it

Welcome to the club. Your own small compare to mine and others' here (I am sure). I even thank God say the Covid19 loan I applied for no enter my aza, otherwise, I for don blow am since last year

romklef:
how come man?
this thing shock me

Nothing is impossible for the market to do, egbon. Na small small, bro, we go come master how not to lose again (if there is anything like that o)

BrightFuture48:
A short opened and SL quickly move to break even.

Sweet

BrightFuture48:
3 separates BB. Use for TP and possible retracement.

Look at updated chart now. The price has reached the outer bb in red(which would have been my 3 TP) acting as resistance. Also you can see little reaction when price reached blue and green bb that's second TP.

BrightFuture48:
Update : After 15m. This is confirm Otedola o.

GreatestManEver:
to be sincere, hitting DD is not good at all. It can be pardoned because it’s a competition. Why would you trade 5% in loss in a day on a proprietary firm account? LOL it’s scary

VlamesIffect:
I no understand wetin you still dey do for the contest o....you don consider to they withdraw your profits as you dey make am?..... as far as i am concerned you be profitable trader o ....you sef check am....you dey always make profit...na all these rules dey make am be like day nothing nothing....

Well, I am a temporary profitable trader, my chief. l am trying and doing my utmost to journal and learn and cover all the setbacks in my trading career and turn that temporary profits to permanent profits. Na time e go take

Rome wasn't built in a day. I started Forex trading inside 2020 #Lockdown. That is 13 years behind Infofirst's 2007 trading career inception. So, my broda, na small small low battery take dey rise

DestinyDjohn:
Boss I think say you park your bicycle..wetin happen ... Omo you no get joy oo

Chain cut o. No let my 1st position there deceive you o. I don hit DD for ftmo hand.

https://trader.ftmo.com/metrix?share=3af799291137&lang=en (Boss, Infofirst, kindly show me the way out. No let my 1st position for fxblue intimidate others )

infofirst:
when your bicycle dey compete with Putin

Boss, the matter no clear to me too o. As in, d bicycle dey run pass hilux fa .

No wahala, for contest 5, na leg (legebenz) I wan use

Thank you for the opportunity. I am humbly learning and getting groomed for Prop firm.