₦airaland Forum

zedegit:
I can't view the competition. I wan see those that Boss infofist will fund next week.

Abeg open door for me or post result.

Fibonacci88:
Na why I dey uninstall mt5 app on my phone when have met profit target. The juju in this business is real. U must see setup that will set u up for drawdown. This ur lesson is a very bitter one that will take time to heal o.

infofirst:
😂😂😂 90% of most of us here can do the same.
The greed in men no b small.
I have said it over and over, most of us are armed robbers. Na fear of been caught dey stop us from going out to Rob.


To make 65% in less than a month is already greed at her peak.

I remember saying also that it takes one moment of drawdown, more than ten years efforts can go down the drain.
Better to face reality now, risk control can never be over talked, and don't waste years raking gambling gains.. Market dey laugh us doing that. Market knows when he will come for us.

RKTexpert:
Nas100 still going up😌
Thanks to that DR | IDR concepts by mas7er

Tell us more about it, already

Petah:
sent sir. Thanks.

You only sent the password, no account number, sir

Petah:
@samfelly and bosses in the house, good morning. I noticed my darwinex account wasn't updating on the competition list, so I checked it on the FXblue. And this is what it is showing me. I have tried re-entering the investor's password over and over again but the attempt keeps failing. What do I do ooo

peteregwu:
My eyes is on gbpnzd, if what I am seeing plays out, I could be catching about 1300pips+ from it. One just have to be patient for now. I am just waiting to see if it could come up higher to 2.12696, then from there I would be itching to sell down to 1.99145. Do the pips math's and see for yourself. The last time I traded gbpnzd, I made 800pips from it while holding for a month. I like that pair but one just has to be careful with her spikes (tentacles), it could hit you unaware. 🤞🤞🤞

Note:my analysis is from the weekly timeframe.

One question, since you are anticipating prize to reach that level before selling, what stops you from buying to that level, as well? Kindly answer me as if I am a newbie o

LincolnOnyeabor:
How do you download from PDFdrive .com sir??


Been clicking the download button since and it's not responding.

LincolnOnyeabor:
Sir, this last book is it a pdf or what?? You sent it to me but it's not opening like a pdf.
Thanks for the Disciplined Trader book sir.

nzechu:
link to download

OfficialP:
Truth is most of the information in this book are common knowledge to everyone.

We all know what to do., but the will.to do is what we lack.

Happy Sunday all

infofirst:
If your goal is to trade like a professional and be a consistent winner, then you must start from the premise that the solution is in your mind not in the market. - - - Mark Douglas

LincolnOnyeabor:
Abeg, do you have the soft copy of 1 and 4 Biko??


The site recommended here to get them ain't working that good. It just keeps redirecting me

Cashhy11:
Welldone Boss, seems even though you swing, you sometimes exit trades because of retracements and join again when the trend has continued. It's evident by the massive gaps between the average winning trades of $218 and average losing trades of $692, and you still ended on the positive side.

I lost so much because I was stubborn not to exit a trade even though I was sure it would retrace and take about 60% of the initially made profits before continuing with the movement.
We learn everyday, another lesson in the bag. Thanks boss for sharing this image.

Nextt:
On a normal, the economic hardship is big incentive for success. As a Nigerian, you have only two options:

option 1 - succeed

option 2 - succeed

You have no choice in the matter.

No choice for real. It is either you pass or you pass

realone12:
e pain me gan coz na that 7k I aimed for. my equity was at around 88% before Powell coz that confusion and sent us30 and Ndx100 crashing down.. but all in all, we thank God

nzechu:
my brother u won't understand. Na me know wetin I de talk

For example how can u explain someone saying the below, check the date I said it,

but I totally forgot to take the trade. I was kinda occupied that period with other things.
Now Imagine if I had taken the trade till now. If its not village people wat is it

Jameselias:
Alot can analyze but deep down they cannot execute on their live/funded accounts.

Don't fall into this category, develop that courage to execute what you analyze.

To help you on this do the following 👇

•Backtest always
•Reduce your risk
•Avoid social media noise
•Journal, study your journal to know your weaknesses
•Think long term

EASYLIFE4US:
In Forex, for every 75 pips profit, what should my stop loss be?

I don’t use Stop Loss in my trades - haven’t used them since 2009 when I realized that there was stop loss hunting going on.

What I did was study my charts and try and place my trades in places where the market will move in my favor after a small drawdown.

I spent most of my time studying the candlesticks. It was the best investment i have ever made. They do tell you a lot about what is going on in the market and what to expect later.

But when I started trading , i used to place 30 pip stops and it gets hit everytime. Sometimes it gets hit, then the market continues to the direction that I thought it would go. That used to annoy me alot.

The market fluctuates and I see that most traders place their trades right in the middle of the trend. It is not because they wanted to , it is because that is what technical indicators do. Technical indicators are lagging indicators, by the time they indicate to you that it is time to place your trade, it is already too late…and it puts you right in the middle of uncertainity ( the middle of the trend) where the market tends to whipsaw alot and cut alot of traders out.

Therefore, no matter how much stop loss you place, you will still lose because you are right in the middle of the action. If you place your trades somewhere close to the top of a downtrend or somewhere close to the bottom of an uptrend, you will be safe from all those whipsaws. While other traders are on red alert and running around like a headless chicken trying to figure out why they have been cut off, you will just be riding the waves until the trend dies.

But, if you still want to place a stoploss after all that i have said - place a 200 pip stop. That is the only way you can make it out of there.

The advise above is from a trader that is consistent and profitable.🙏

Davigle:
Now I tell you why it's taking me long to find my consistency and become profitable., first I had no mentor and I couldn't afford mentorship which could have shortened my learning curve/time, and also I was in my first year in school (100L 2016) when I started learning. boy it wasn't easy because I was divided, I had a strong desire to succeed in life as fast as possible due to the financial difficulties of my family, my dad especially. and as the firstborn, I wanted to achieve some level of success so that I could help alleviate some of the burden on my dad, but I didn't want to go the wrong way. I was desperate for money but I was determined never to make it through any fraudulent means, as you all know you can't serve two masters at the same time, one will definitely have more priority than the other. and I chose to give more time to forex, because of that my academics suffered, and the painful thing was that I wasn't making head in forex. I've read books, God knows how many, from stocks to investing, watched a lot of YouTube and still doing that but not much like in my earlier years. I've read through FTA as far back as 2011. I quitted forex many times due to frustration and I still ended up crawling back to the markets after a few months or so. It has been a bitter sweet journey for me, but the zeal and passion to succeed wouldn't allow me to give up. I was jumping from indicator to indicator, price action gave me my worst trading experience in my juvenile years, because It looked like total garbage, I didn't understand what I was doing and this went on for years until late 2019, when I began to have some breakthroughs. I started seeing some level of consistency in my trading, I was happy because I got that when I joined no nonsense forex NNFX on YouTube all based on indicators, and from there a friend recommended that I study market structure, and from there I began to understand how markets moved. I had terrible experience with support and resistance, supply and demand, wyckoff theory, Elliott wave, SMC, Harmonic patterns, chart / candlestick patterns, and I have a very deep hatred for trendlines, because they were all too subjective. I suffered greatly while I was learning them. While I was with NNFX I hated anything price action because of my painful ordeal, until I met a trader who combined indicator trading with price action (especially ICT concepts) and was making a killing out of the market. That was when I made a transition to ICT concepts and decided never to look back.
Another thing that also impeded my growth and development as a trader was due to the lack of resources. As traders, there are certain resources that we need to have at all times inorder for us to succeed which are steady electricity, internet connection plus a PC or a smartphone. when I started, I had no android phone or a laptop but I started learning with my itel button fone. all thanks to opera mini and freebasics browsing. I would spend hours reading FTA or babybips with that button fone even though I couldn't practice what I was learning until 2017 when I had my first android phone, I was overjoyed when I discovered mt4 on Android. so I'd say i started practicing or trading in 2017. and then the issue of internet connection and electricity was a big challenge for me all through my learning years, I didn't have access to steady light nor could I afford a power bank, but it never deterred me. All it did was slow me down. Whenever I see newbies, my honest advice to them is to get a genuine mentor that will teach them if they can afford it. I came to this realization when I was in apprenticeship at a barbing salon and I wondered why people never teach themselves barbing, or carpentry or painting or even Mechanic's, why is it hard to get a self taught mechanic. I not saying there aren't or it's impossible to teach yourself certain skills or things like that but if you will go that route, then you should be prepared to go through a lot of pains through trial and error, and a very much longer time to learn from your own personal experience and mistakes. But with mentorship, the ground work has been laid, if you have a genuine mentor, you have the opportunity to learn from the mistakes and experience of your mentor within a shorter period of time, and you also benefit from their guidance and not wander alone because there experience will guide you through the right part and right stuff or knowledge to learn. So here's that from me and cheers to everyone. it is my desire that we all achieve our breakthroughs and success in this business...
Cheers
#the indisciplined trader
#noobs/newbies FTA classrep 😜

realone12:
well said. haffa you don hit 10%?

Yes n No . I hit am before. But small error in judgement push am go down, but I don climb up back. Make I rest dey look market (Gold) dey do wonders

PraiseGod4u:
FundedNext funded trader interview

realone12:
you don talk am finish.. things many people should know

Jameselias:
don't think that big lot size means more money
and don't think that more trade means more money
Trade small position size and trade Less
Focus on HTF
That's how you don't blow an account and that's how you make money too

realone12:
you wey dey use witchcraft strategy Dey battle village people? how

normally I was a date trader. but if you want to make it far in this competition you have to go swing. everything that works on a lower time frame also works in high time frame.. you just have to look at things in a broader perspective..

GabsonFX2:
Actually, I sneaked out of work to get a spot where I could get signal to view my trade and after that check FTA, and that was when I saw your comment about Powell, as soon as I replied you - I ran back to work. Lo and behold, I saw my akata colleague opened a chart of one of the indices; I told him hey, how your stock or indices or whatever? he explained how he bought, gained profits and went down blabla bla, na so I just tell am say shey he hear say powell open speech (make I try form small fundamental knowledge since I heard it from samfelly , me wey no know wetin powell say ), say na some of my forum members dey mention am now. Na so the guy just start to dey tell me about powell, who he is, his position, what he does, how he does it. I just told him - no worries, it's OK.

As for me: I'm not interested in those things like brexit, nfp, speech, etc and I can't remember the last time I opened forexfactory or forexpeacearmy to start checking for red, yellow, white news......let them say whatever speech they have to say - I'm here waiting for them.

realone12:
thanks.. our very own FTA messiah.. our goal is to make you u proud one day

Abi o. I don kukuma tell ma mama say I wan make another person proud and not her, anymore

Englishisamust:
Waiting u need it for??, you wey dey rake $5000 per month in this forex of a thing

GabsonFX2:


Funny enough, I don't know those names, I am zero fundamentals

I know say you no fit put 18 years into this trade just to come dey study or listen to random speeches from Powell, Rice, Candice or Blair, at scheduled times . It is reassuring to see that you are zero fundamentals. I am following, chief