Piponomics: For people that will be tempted to enter into this bullish train. Chill a bit oh!
The move lacks conviction.

rozayx5:

Tell them for me, Cause when you chase price action on the tail you might run into a bush

rozayx5:

Tell them for me, Cause when you chase price action on the tail you might run into a bush

frenchman2: fundamentalists, please explain what is happening. where on earth is this news that's affecting the market coming from.
i was +200pips in all my open positions just a moment ago, now see red devils everywhere -345pips.

i strongly believe there are certain news even forexfactory is not aware of.

johnny1980: WoW!...another account blown...



I feel like committing suicide

prowitin: . Close all trade. Learn from this. Am sure u hedged on a pair. Stop hedging, if u must do not take two trades inb the opposite directions on one pair. Don't over trade and last trend is ur friend. Do not trade against it.

endfx1:

Guy you for protect some of the profits naa!! too bad

efe22:

Sorry man because same happened to me severally. I have learnt my final lesson the hard way in forex and that is never go against the current trend. Not knowing when to enter and get out has caused me money [gambling]. Thank God now for showing me this knowledge. 5min, 15min and 30min tf is all needed and can pull 7 to 30 pips per signal. Once TF agreed, you are in green and is good for scalping which is the kind of trader I want to be. Sometimes, only one of the time frame is all you need to go with the prevailing wind. No need complicating my chart because it has really destroyed my plans. I am back to square 1 in capital.

Piponomics:
Them don sort out that thing o.
I have so many people that wants me to trade for them but I cant even concentrate on more than 2 accounts. Considering a Hotforex or Instaforex PAMM account for that. I wish say I fitbe like you wey dey trade over 7 accounts at once.

frenchman2:

sir, read his previous posts. what happened to him wasn't as a result of trading against the trend.

frenchman2:

sir, read his previous posts. what happened to him wasn't as a result of trading against the trend.

Piponomics:
Them don sort out that thing o.
I have so many people that wants me to trade for them but I cant even concentrate on more than 2 accounts. Considering a Hotforex or Instaforex PAMM account for that. I wish say I fitbe like you wey dey trade over 7 accounts at once.

mayzee: I have had it with the spikes of EU and Gold. Going to look for a bar to mourn my losses . Suggestions for a toast i can drink to is highly welcomed

elewedu: Na 2day i knw the importance of money management....6 straight losses, and account down by only 6percent. I wonder hw people have margin call? Jst wonderin...newbie

johnny1980:

very easy to say....yeah money management is awesome....

But what about silly spikes...you lose sometimes...You just try make your profit larger...

When you have a minimum account of 200 and you enter 0.05 pips....you get a crazy 50 pips spike you cut it..aint your account going down bit by bit...or what lot will you advise on a 200$ account? 0.0001??

JAkpayen:
0.05 lot size on a $200 account?? na suicide be that nah. You are too greedy, go back and read MM over and over again!!!

endfx1: I just sold EU sl at 1.2729 TP 1.2548..

Ask me why?.... Dominant trend down + bearish pin bar formed on 4hr TF, upper prices rejected by both 21ema and 8ema...kinda confluence trading i quess but the market can always do it's own thing..

Lets see how it goes..fingers crossed

JAkpayen:
Reconsider this alert again probably moving SL to 1.2745 fiscal cliff is still looming and may get solution.

elewedu: A 0.05 lot size on 200dollar acct is massive. That's definitely more dan 10percent of ur acct if u set a stop of 20pips. 10percent on one trade is highly risky. But really, if one wants to make a living wit 200dollars acct, no choice but to stake such huge amount. Else u will be makin 2dollars profit per trade. Which for sure will nt take anyone home. But really forex no be beans oooo....new bie

johnny1980:

oh really?...

Nice then...$2 per day..?.how much is daily internet subscription ??

I guess you spend more than $50 per month on internet alone...

calculate other factors bro.....aint esy at all..

Piponomics:
Truth is one has to make up his mind. To successfully trade intraday and feed from it, you need at least a $2000 balance. Anything lower than that then you must have to take crazy risks to make anything reasonable. So it is always best if one stays in a day job or whatever and build capital first.