Toks2008's Posts
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I decree that this will come to be in a non violent process in JESUS NAME! though i see Edo and Benin merging with Oduduwa repulblic and just maybe the entire Niger/delta repulblic excluding Onitsha which should go with Biafra |
The euro looks good with the bulls on the long term but we just might see a bearish pull to retest supp 12324 so traders can sell to that level with care and also buy from supp 12324 if tested. Trade with care. |
Let me explain the way its done. I made the Ea settings to open an order at a test of strong supp/res point and i go for maximum of 20pips on a position with 5% maximum exposure on maximum of 3 positions. Many traders don't really know how to calculate lot size so let me try and explain. If a trader wants to place any trade at all risking lets say 2%, you must first calculate your 2% which is: equity/100 x 2 so lets say you have 1k usd then we will have 1000/100 x 2 =20usd now you need to get the exact lot size to place and you simply do this by dividing your 2% by the number of pips used for your sl. So lets assume you want to use 100pips as stop loss you will have 20usd(2% of equity)/100pips(stop loss)=0.2usd this means you will use a lot size that gives 20cents per pip which is 0.02micro lot. Hope this helps |
efe22: Ok I will go get their line. Not trading today...can't afford to be wasting bandwidth continuously without results.this is why i sent a log in details for people to see the 20pips trades i take each day real time and you don't have to miss any entry. Its just like making my own contribution to this thread as i may not have time to send the 20pips target calls and even when i do, many of you may miss it. I have found out as a swing trader that making fast 20pips on each position you take can really add up and thats why im testing the strategy presently to see how formidable it can be. Maximum of 6% exposure. https://www.myfxbook.com/portfolio/20pips-hacker/349461 you can check that link updated every 5mins or log in to the test account with these details: a/c:65242580 pwd:gkr2wtn server:InstaForex-Contest.com |
naijaobi: ITS JUST LIKE ASKING HOW FOREX BROKERS MAKE THEIR MONEY...NAWA O...well well well, not that i dont know how they make their money but i just want to know the commission modus. And please understand that brokers don't make money from traders who lose but a good broker makes money from commissions in form of spread or outright commission. The money one trader makes come from a trader who loses and same goes for bet on markets too. Just that i am not sure if BOM deduct commissions from the winnings. |
Toks2008: so how does BOM make their own money? sorry for these questions but i really need to know these things before going live |
so how does BEM make their own money? sorry for these questions but i really need to know these things before going live |
toluxa1: No, this is not correct. Its the other way round. The cost is the amount you have staked (meaning the amound BOM deducted from you account for this bet). The value (as the name implies) is the present value of that bet. You'll notice that this amount changes as the market moves towards or away from your target. In this case your target is 1.2385. If price moves 'away' from 1.2385, the value of your bet decreases with time (meaning you chances of winning is reducing since you placed a bet that EU will touch that price). But if EU moves closer to 1.2385, the value increase (meaning your chances of winning is increasing). Anytime (from the time you place the bet) till 21:00:00 GMT on 17-Aug-12, that EU touches 1.2385, the value of the bet will hit exactly USD 400 (meaning u have won the bet). I hope I have been comprehensive enough.Thanks a lot so all i need to know is that if price test that price i chose i win 400usd and if i lose i also lose 400usd. thanks |
please explain to me in lame man terms. i staked 400usd so if i win how much will i get and if i lose how much will be removed? |
mkmyers45: Value is how much you're staking to get 400 and cost is how close/valueable it is compared to the time remaining till bet closeim even more confused. |
USD 400 payout if EUR/USD touches 1.2385 before close (21:00:00 GMT) on 17-Aug-12. details USD 302.57 USD 240.36 I am demo betting at the moment but somethings here are not clear. Please someone should explain this table to me. Bet Details: USD 400 payout if EUR/USD touches 1.2385 before close (21:00:00 GMT) on 17-Aug-12. The value of your open position: USD 240.36 The cost of your open positions : USD 302.57 these are the areas im confused about. if i placed a 400usd bet then why is value 240 and cost 302? some one should help me out on this thanks |
Toks2008: I just don't know why some people will send posts without reading through. I was off the hedge and i apologized so why on earth will you bring this up. I am a man full of decorum and i have been on nairaland long enough for you to start advising me on what or what not to say on a thread such as this.It seems some traders don't understand the compounding profit power of fx trading.Your profit keeps increasing with each passing month When i wrote about making 10%, it sounds small but with compounding interest you will be surprised that you can make over 200% on your start off capital. a poster also made one good point unclenna: no one said he was joking. MM is more of hw much u risk per trade. If u can risk only 2% of ur account and make 100% is not bad. Also hw many % u make in a month depends in ur acct size. No matter what it will be difficult to make 100% return in a month on an acct of 100mil dos. Your returns depends on ur acct. size.The unfortunate fact is that fx trading and brokers in general don't give a hute about whether you are trading with 1usd or 1musd. Rules must be followed and this is why many traders with small equity can never make it to large accounts trading that small account because they will always be in a rush. Imagine you making 10% steady monthly profit on a 10k account you will get these results in 12 months profit from month 1 to month 12 will look like this: 11000 12100 13310 14641 16105 17715 19486 21433 23576 25933 28586 31438 is that not over 200%? So whether you are trading with 100usd or 100m usd, you cant rush it and you must place a lot size that is commensurate with your equity. Happy pipping |
let her bear it. its only a matter of time before she will be fully independent. Sometimes we just have to face crazy situations to get what we want. |
CY09: Don't get you bro, do you mean batch c thread or batch c as in NYSC?I mean Batch C NYSC because i only knew of batch B which i was part of in August 1998 so i was wondering if there is a third batch now. |
Do we now have batch C? |
uncle2010: bro please do not use that abusive word here.......no matter what we respect each other here.... Toks2008: Ok forgive me for the outburst but i will still love to see the history of those trades with 300% monthly profitI just don't know why some people will send posts without reading through. I was off the hedge and i apologized so why on earth will you bring this up. I am a man full of decorum and i have been on nairaland long enough for you to start advising me on what or what not to say on a thread such as this. I taught i should get accolades for the advice i gave about good mm but some of you think im blabbing. I have trained many people from many countries in the world and i have been long in this business to know that jumbo profits are possible but not sustainable. So i beg una for the last time please lets move on.If you are ok with 100% profit in a day i wish you the best and for people like me with all my experience saying 10% is ok in a month for sustainability all well and good. As far as no bank will give you 10% on fixed deposit in a year then i wonder why we can't be ok with average of 10% monthly profit and allow compounding factor to take care of the rest. Please lets move on |
Zeddicus: I think its high time I mind my business abeg.. I just gave an opinion and he flared up instantly. The guy is now calling for people to post account statements. When Odiaero posted his account statement here, some called it fake others called it 'Zimbabwean Dollar' not until he gave some people log in and investor passwords. I am not the one making the 300% and even if i was, i don't have anything to prove, heck i am not even selling anything! One thing is sure, if you make $100 daily on a $1000 account, you can make $1000 daily on a $10,000 account too using the same strategy! Its funny how anyone that doesn't believe in the Forex Doom and Gloom is termed a Scammer. If I were all these 'gurus' claiming 5/7 years in the markets, the last thing I will even do is to setup an account where newbies will monitor my 'trades' in the hope of collecting money from them for subscription or 'seminar'. I'd rather go to my office every morning trade and go back home chikena! If you are so successful why will you be looking for the chicken change coming from this mini avenues?No one is fighting anyone. I started off with a humble advice that good mm is the key and what do i get? I am not interested in seeing anyone's statement as long as there are no crazy claims of insane profits. and you dont need to send statements for people to doubt but you can post a link that will show all the history from the beginning. See in fx trading, we need practical proof and not to boast but to make a point. Nevertheless, lets move on. |
Zeddicus: I didn't go to school. In fact, I don't even know what school is. Have a nice day.Ok forgive me for the outburst but i will still love to see the history of those trades with 300% monthly profit |
rozayx5:It seems this thread is full of jokers. Please check all my posts here on this thread and you will see that i am a practically minded person and not a gate crasher. I will be forced to say that anyone who comes on this thread to claim he/she is making jumbo profits without proof to show should be labeled CRIMINAL. I know many losers who claim to make insane profits from this business just to dupe people. Please i will advice anyone here to verify the claims of insane profits before rushing to buy any EA or trading system because this business is scam prone. |
Zeddicus: Even though I see what you are trying to say,I beg to differ on the bolded I personally know people making 300% monthly consistently for the past 2 years (One of them is on this thread). We should all stop this generalizations. If you are ok with 10% a month stick with it.Hey friend. you go school at all? I am not saying its not impossible to make 300% in even a week but its dangerous so please comprehend a post before responding and secondly for the benefit of doubt please ask that person to post a link here where we can verify the 300% constant monthly profit for even 6 months. This is why people will always see fx trading as business for the losers because people just make crazy claims and do all they can to scam innocent individuals. GOD have mercy. 300% consistent monthly profit for 2 yrs. I double dare that trader to post a link here proving that whether on a demo or real. Nonsense |
What on earth are some traders still doing with GU? That is the worst pair in the fx world. just acts on its own. |
Hmmm, i have been reading so much here and i can only marvel at the extent to which many traders will go to find a profitable system. I am telling you authoritatively that there is no indicator that is perfect and in-fact all custom indicators will fail you 60% of the time. The only secret to this business is good money management. no other way. Even if you have a trading system that makes profit 4 out of ten trades, you will still survive with good mm. Lets be wise, many people have come and gone in this business and many people have been made paupers and jail birds just because of this same crazy business so be wise and thread cautiously. If you are looking for jumbo profits from this business then i advice you to either look for another business or just flush your money down the drain to save yourself the agony of losing it in the long run. Any monthly profit above 10% from this business is a dangerous profit that must be cautioned. Fx trading is like every other business that needs time to nurture. Be warned! |
For the newbies in the house i would like you to visit this thread i created 4yrs ago here on nairaland concerning fx trading and i believe you will find it quite insightful. https://www.nairaland.com/208970/trading-forex-right-way I am glad that Seun has finally allowed fx trading discussions on his forum because back then you will be banned if you discuss anything pertaining to fx trading. happy viewing. |
realmscape: pls update ur name to read 2012...oh my. Never taught about that and i guess that was the year i registered on nairaland.Lol! and by the way, is it possible to change am existing user name? |
raphroye: wat Ȋ̝̊̅§ so speciAl about D̶̲̥̅ front page? Abeg make una let us hear word jorThe front page is an embodiment of what nairaland stands for so when we start having junks on the front page then visitors will start seeing nairaland as an unserious forum. And for the records, 90% of nairalanders viewing baseless threads like this do so out of mare curiosity and not that it adds any value just like a passerby looking in the direction of chaotic gathering. i remember posting this sometime ago "I don't know what nairaland is turning into. I log on to the site from time to time to see important captions that are educative and of national interest but what i see nowadays are 90% junks that are void of any moral impaction such as: His Brother-In-Law Keeps Crashing His SUV His Girlfriend Will Visit Him Tonight But His Parents Are Home Funny Blackberry Chat: I'm Rich! Her Friend, Ex-Boyfriend, And Facebook Photos Does Your Spouse Know Your Nairaland Username? How Did You Learn Your Language? Pictures Of Goldie Picture Of An Okada With An Umbrella Olympics Women's Football Final: USA Vs Japan Today At 7.45pm the list is endless. If this continues then i am afraid that Nairaland will lose its standard." |
Toks2008: Just follow this 20pips intraday buster test account real time by downloading insta forex mt4 and log in with these detailsI hope you guys are following. |
Just follow this 20pips intraday buster test account real time by downloading insta forex mt4 and log in with these details a/c:65242580 pwaord:gkr2wtn server:InstaForex-Contest.com I don't have time to send signals here and even if i do you may miss out so just have that acount opened and copy the trades anytime a new one opens. Capturing 20pips on each position can add up and increase your capital in no time but use good mm. Happypiping |
I don't know what nairaland is turning into. I log on to the site from time to time to see important captions that are educative and of national interest but what i see nowadays are 90% junks that are void of any moral impaction such as: His Brother-In-Law Keeps Crashing His SUV His Girlfriend Will Visit Him Tonight But His Parents Are Home Funny Blackberry Chat: I'm Rich! Her Friend, Ex-Boyfriend, And Facebook Photos Does Your Spouse Know Your Nairaland Username? How Did You Learn Your Language? Pictures Of Goldie Picture Of An Okada With An Umbrella Olympics Women's Football Final: USA Vs Japan Today At 7.45pm the list is endless. If this continues then i am afraid that Nairaland will lose its standard. |
Sunneppa: Pls im a novis in this forex trading. I wish to trade forex and profit 4rm it. I got a laptop and internet connection. But need som1 to teach meBefore getting someone to teach you,please go for special prayer session against greed. Because this is the only aspect no one can help you except GOD as this is the problem why many traders will never make it trading forex. |
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