prowitin:


Lol u never see anytin

haha...l imagine a big (fat) dude with all over his face lol ...rozay!!

chieveboy:



haha...l imagine a big (fat) dude with all over his face lol ...rozay!!

well i love the nairaland script so i make use of it , by the way you have to laugh at the brokers to instill fear in them D

Happy New month and compliments of the season....

Wish you all harvest of pips this month to enjoy your XMAS in style...

endfx1: Happy New month and compliments of the season....

Wish you all harvest of pips this month to enjoy your XMAS in style...

End of year traders party ,
Venue Eket Akwa Ibom, will send you more details

rozayx5:

End of year traders party ,
Venue Eket Akwa Ibom, will send you more details

K bro no kwams i dey kampe according to OBJ

I THOUGHT I SHOULD SHARE,ITS A $100 NO DEPOSIT BONUS https://lh-broker.com/NonDepositregistration/

rozayx5:

End of year traders party ,
Venue Eket Akwa Ibom, will send you more details

Hmm

lets wait and see.....even if it will crash, it will reach d price as prophesied b4 d so call crash........traders with small eyes always see retracement as a major move..........reliable source pls quote d source.......anyway, just wait and see

hisableplc:
Error in analysis AJ will crash alongside ACad from reliable resource

^^^^i am beginning to like this prophet small small.what the market needs is authoritative alerts with great level of confidence.who knows the confidence may someday wear off on us newbies.We are all watching you.Hope you won't endup like someone (majority know who i am referring to abi)

There is no doubt many people pretending to be pro or forex magicians, or forex pastors e.t.c come here to scam newbies under the guise of the afore mention thereby waiting for their victims. This was my case when I subscribed for a signal service that claim to return 100% of my capital in 1 month. I use instaforex with total deposit of 450 + 110 totally 560$. After two trades, account crashed to 184$. Signals was either late or entered almost at reversal level. THE WORST PART IS I TOOK THE MONEY FROM A FRIEND AND AM SUPPOSE TO RETURN IT AFTER NFP. Another sad part is that a well respected and honest trader here have agreed to help me raise the capital to reasonable level trading NFP alone but right now he will be disappointed reading this... Hope some newbies learn from me. The reason I did this was to start with reasonable capital come January. DO IT YOURSELF...NOTHING MORE
Typed via mobile

efe22: There is no doubt many people pretending to be pro or forex magicians, or forex pastors e.t.c come here to scam newbies under the guise of the afore mention thereby waiting for their victims. This was my case when I subscribed for a signal service that claim to return 100% of my capital in 1 month. I use instaforex with total deposit of 450 + 110 totally 560$. After two trades, account crashed to 184$. Signals was either late or entered almost at reversal level. THE WORST PART IS I TOOK THE MONEY FROM A FRIEND AND AM SUPPOSE TO RETURN IT AFTER NFP. Another sad part is that a well respected and honest trader here have agreed to help me raise the capital to reasonable level trading NFP alone but right now he will be disappointed reading this... Hope some newbies learn from me. The reason I did this was to start with reasonable capital come January. DO IT YOURSELF...NOTHING MORE
Typed via mobile

There's no substitute to what you take your time to learn and do by yourself....shine your eyes oooo

efe22: There is no doubt many people pretending to be pro or forex magicians, or forex pastors e.t.c come here to scam newbies under the guise of the afore mention thereby waiting for their victims. This was my case when I subscribed for a signal service that claim to return 100% of my capital in 1 month. I use instaforex with total deposit of 450 + 110 totally 560$. After two trades, account crashed to 184$. Signals was either late or entered almost at reversal level. THE WORST PART IS I TOOK THE MONEY FROM A FRIEND AND AM SUPPOSE TO RETURN IT AFTER NFP. Another sad part is that a well respected and honest trader here have agreed to help me raise the capital to reasonable level trading NFP alone but right now he will be disappointed reading this... Hope some newbies learn from me. The reason I did this was to start with reasonable capital come January. DO IT YOURSELF...NOTHING MORE
Typed via mobile

i feel your pain man,i have been there,you will be surprised that i have deposited money with my broker but have refused to log into my mt4,reason being that my dat job takes the chunk of my time,will start full time trading come jan by God's grace

.

efe22:

You are right bro. and I even mentioned it. My biggest challenge is sufficient capital and so risk increasing it but instead slashed. Na how to pay debt me dey now not trading. Honestly if I was to do it myself, I cannot gamble away that.

I once said on this thread, 'Trading is a lonely path, you have to be prepared to own your decisions; until u can do that stay the heck away' .

naijababe:

I once said on this thread, 'Trading is a lonely path, you have to be prepared to own your decisions; until u can do that stay the heck away' .

+1

efe22:

You are right bro. and I even mentioned it. My biggest challenge is sufficient capital and so risk increasing it but instead slashed. Na how to pay debt me dey now not trading. Honestly if I was to do it myself, I cannot gamble away that.

i once borrowed money to trade,lost it all, was not funny o,almost committed suicide but God made a way for me to pay back.then i stumbled on this thread God bless Naijababe for opening this thread,hope was borne in me when i came across this thread in season 2

naijababe:

I once said on this thread, 'Trading is a lonely path, you have to be prepared to own your decisions; until u can do that stay the heck away' .

+99.9

LaconicINC: i once borrowed money to trade,lost it all, was not funny o,almost committed suicide but God made a way for me to pay back.then i stumbled on this thread God bless Naijababe for opening this thread,hope was borne in me when i came across this thread in season 2

I didn't start this thread, I am just another poster on here

FXKing2012: Will publish my live account at the end of this month/year in order to show newbies that you dont necessarily need to have thousands in your account to succeed in forex trading. Also to shut some "big mouted" folks in here up.
And in my usual character, I challenge anybody who claims to be a good trader to do the same; if u cant publish your statement then stop talking big and giving false signals. I respect people who not only talk the talk but also walk the walk.

Hmm,Thank God i be new bie oh boss boss n kudos

Trading with the trend is just probability study,to be or not to be as I read on Forex factory. Hmmn risk is a very serious disclaimer in this business,so use a stop loss because for every trade there is a chance that you entered in the wrong direction. My week begins good luck to you all.

naijababe:

I once said on this thread, 'Trading is a lonely path, you have to be prepared to own your decisions; until u can do that stay the heck away' .

If you are not an independent thinker in forex, forget it!
I only visit this forum after the market close because I don't wanna be influenced by people's opinion and systems.
Been viewing this thread since season 4 or so but decided to make my first post yesterday.

out fear or lack of confidence or lack of strategy.....pls bro stop hiding under the excuse of job......u can use daily timeframe so that u can be looking at your chart ONCE in a day........I SERIOUSLY ADVICE dat you dont quit your job to be a full time trader UNTIL you have traded successfully as a part timer for atleast one year with a reasonable capital......so dat you dont come under pressure to make money..........for dat is bad for trading

LaconicINC: i feel your pain man,i have been there,you will be surprised that i have deposited money with my broker but have refused to log into my mt4,reason being that my dat job takes the chunk of my time,will start full time trading come jan by God's grace

STOP THAT BLAME!!!! Go and learn......you wanted to sit down so dat others can be making money for you....isnt it? ..... TAKE YOUR TIME O! lol.....but wait o!the way u bin dey sound for the thread, i bin dey tink sey u be correct trader .....abi na newbee?.....pls dont sting other traders o!........I PROPHESY that by next year, you will be a trader....if you believe dat lift up your hands and shout alleluyah.....lendro bro dasi yaghi batruja ysdaska kasuna dat pu...in Jesus name....(speaking in tongue)

efe22: There is no doubt many people pretending to be pro or forex magicians, or forex pastors e.t.c come here to scam newbies under the guise of the afore mention thereby waiting for their victims. This was my case when I subscribed for a signal service that claim to return 100% of my capital in 1 month. I use instaforex with total deposit of 450 + 110 totally 560$. After two trades, account crashed to 184$. Signals was either late or entered almost at reversal level. THE WORST PART IS I TOOK THE MONEY FROM A FRIEND AND AM SUPPOSE TO RETURN IT AFTER NFP. Another sad part is that a well respected and honest trader here have agreed to help me raise the capital to reasonable level trading NFP alone but right now he will be disappointed reading this... Hope some newbies learn from me. The reason I did this was to start with reasonable capital come January. DO IT YOURSELF...NOTHING MORE
Typed via mobile

forexprophet: STOP THAT BLAME!!!! Go and learn......you wanted to sit down so dat others can be making money for you....isnt it? ..... TAKE YOUR TIME O! lol.....but wait o!the way u bin dey sound for the thread, i bin dey tink sey u be correct trader .....abi na newbee?.....pls dont sting other traders o!........I PROPHESY that by next year, you will be a trader....if you believe dat lift up your hands and shout alleluyah.....lendro bro dasi yaghi batruja ysdaska kasuna dat pu...in Jesus name....(speaking in tongue)

Did I subscribe signal from you? The person is

Nelsonmo (GU prophet). To know that this guy is all out to gather people's money and vanish, he was EVEN asking I invest in his silly business and there will be return on investment at the end of the month. The same story ve been hearing for more than 10 years now.

naijababe:

I didn't start this thread, I am just another poster on here

but you were the one always opening new threads then,so i assumed you did,any way thanks to whoever did

efe22:

Did I subscribe signal from you? The person is

Nelsonmo (GU prophet). To know that this guy is all out to gather people's money and vanish, he was asking to invest in his silly business and there will be return on investment at the end of the month. The same story ve been hearing for more than 10 years now.

i am surprised that with all the advice you get here you still gave your money to a scammer,what a shame,am sure you have learnt your lessons sha,albeit a hard way,kpele! just put yourself together and forge ahead

naijababe:

I didn't start this thread, I am just another poster on here

nope your the pioneer of forex seasons on this thread, though most of the fellow pioneers ran you still remained cause you were determined
@Efe , i think its best you take some time off from forex and look at your trading Education and improve, hook me up on my Yahoo messenger let me show you simple way you can turn your trading around, my YIM is - rufus.isip its just gonna take 30 mins or so

FXKing2012: Will publish my live account at the end of this month/year in order to show newbies that you dont necessarily need to have thousands in your account to succeed in forex trading. Also to shut some "big mouted" folks in here up.
And in my usual character, [b]I challenge anybody who claims to be a good trader to do the same; if u cant publish your statement then stop talking big and giving false signals. I respect people who not only talk the talk but also walk the walk.[/b]

I know profits can be exiting, but we are not running a Public Liability Company here
I am a bad trader so i cant post a dirty account history here

As for the first part of your statement +1000 ( you dont need a billion to start trading)

I ADVICE THAT EVERY TRADER ON THIS THREAD READ THIS EBOOK.....THIS IS WHAT HELP ME TO GO THROUGH THE TOUGH TIMES OF FX TRADING.....ESPECIALLY NEWBEES......HELP TO ALSO FORWARD IT TO ANY TRADER YOU KNOW

IF YOU CAN NOT DOWNLOAD THEN READ IT NOW BEFORE THE THREAD ROLL OVER ON IT.YOU MUST GO THROUGH THIS STAGES AS A TRADER WEATHER YOU LIKE IT OR NOT. I READ IT FROM TIME TO TIME......IT HAS HELP ME A GREAT DEAL

5 STEPS OF EVERY TRADER


Step One: Unconscious Incompetence.
This is the first step you take when starting to look into trading. You know that its a
good way of making money because you've heard so many things about it and heard
of so many millionaires. Unfortunately, just like when you first desire to drive a car
you think it will be easy - after all, how hard can it be? Price either moves up or
down - what's the big secret to that then – let’s get cracking!
Unfortunately, just as when you first take your place in front of a steering wheel you
find very quickly that you haven't got the first clue about what you're trying to do.
You take lots of trades and lots of risks. When you enter a trade it turns against you
so you reverse and it turns again and again, and again.
You may have initial success, and thats even worse - cos it tells your brain that this
really is simple and you start to risk more money.
You try to turn around your losses by doubling up every time you trade. Sometimes
you'll get away with it but more often than not you will come away scathed and
bruised You are totally oblivious to your incompetence at trading.
This step can last for a week or two of trading but the market is usually swift and
you move on the next stage.

Step Two - Conscious Incompetence
Step two is where you realize that there is more work involved in trading and that
you might actually have to work a few things out. You consciously realize that you
are an incompetent trader - you don't have the skills or the insight to turn a regular
profit.
You now set about buying systems and e-books galore, read websites based
everywhere from USA to the Ukraine and begin your search for the holy grail. During
this time you will be a system nomad - you will flick from method to method day by
day and week by week never sticking with one long enough to actually see if it does
work. Every time you come upon a new indicator you'll be ecstatic that this is the
one that will make all the difference.
You will test out automated systems on Metatrader, you'll play with moving
averages, Fibonacci lines, support & resistance, Pivots, Fractals, Divergence, DMI,
ADX, and a hundred other things all in the vein hope that your 'magic system' starts
today. You'll be a top and bottom picker, trying to find the exact point of reversal
with your indicators and you'll find yourself chasing losing trades and even adding to
them because you are so sure you are right.
You'll go into the live chat room and see other traders making pips and you want to
know why it's not you - you'll ask a million questions, some of which are so dumb
that looking back you feel a bit silly. You'll then reach the point where you think all
the ones who are calling pips after pips are liars - they can’t be making that amount
because you've studied and you don't make that, you know as much as they do and
they must be lying. But they're in there day after day and their account just grows
whilst yours falls.
You will be like a teenager - the traders that make money will freely give you advice
but you're stubborn and think that you know best - you take no notice and overtrade
your account even though everyone says you are mad to - but you know better.
You'll consider following the calls that others make but even then it wont work so
you try paying for signals from someone else - they don't work for you either.
You might even approach a 'guru' like Rob Booker or someone on a chat board who
promises to make you into a trader (usually for a fee of course). Whether the guru is
good or not you won’t win because there is no replacement for screen time and you
still think you know best.
This step can last ages and ages - in fact in reality talking with other traders as well
as personal experience confirms that it can easily last well over a year and more
nearer 3 years. This is also the step when you are most likely to give up through
sheer frustration.
Around 60% of new traders die out in the first 3 months - they give up and this is
good - think about it - if trading was easy we would all be millionaires. another 20%
keep going for a year and then in desperation take risks guaranteed to blow their
account which of course it does.
What may suprise you is that of the remaining 20% all of them will last around 3
years - and they will think they are safe in the water - but even at 3 years only a
further 5-10% will continue and go on to actually make money consistently.
By the way - they are real figures, not just some I’ve picked out of my head - so
when you get to 3 years in the game don’t think its plain sailing from there.
I’ve had many people argue with me about these timescales - funny enough none of
them have been trading for more that 3 years - if you think you know better then
ask on a board for someone who's been trading 5 years and ask them how long it
takes to become fully 100% proficient. Sure i guess there will be exceptions to the
rle - but i havent met any yet.
Eventually you do begin to come out of this phase. You've probably committed more
time and money than you ever thought you would, lost 2 or 3 loaded accounts and
all but given up maybe 3 or 4 times but now its in your blood
One day – In a split second moment you will enter stage 3.

Step 3 - The Eureka Moment
Towards the end of stage two you begin to realize that it's not the system that is
making the difference. You realize that its actually possible to make money with a
simple moving average and nothing else IF you can get your head and money
management right You start to read books on the psychology of trading and identify
with the characters portrayed in those books and finally comes the eureka moment.
This eureka moment causes a new connection to be made in your brain. You
suddenly realise that neither you, nor anyone else can accurately predict what the
market will do in the next ten seconds, never mind the next 20 mins.
Because of this revelation you stop taking any notice of what anyone thinks - what
this news item will do, and what that event will do to the markets. You become an
individual with your own method of trading
You start to work just one system that you mould to your own way of trading, you're
starting to get happy and you define your risk threshold.
You start to take every trade that your 'edge' shows has a good probability of
winning with. When the trade turns bad you don't get angry or even because you
know in your head that as you couldn't possibly predict it it isn't your fault - as soon
as you realise that the trade is bad you close it . The next trade or the one after it or
the one after that will have higher odds of success because you know your system
works.
You stop looking at trading results from a trade-to-trade perspective and start to
look at weekly figures knowing that one bad trade does not a poor system make.
You have realised in an instant that the trading game is about one thing -
consistency of your 'edge' and your discipline to take all the trades no matter what
as you know the probabilities stack in your favour.
You learn about proper money management and leverage - risk of account etc etc -
and this time it actually soaks in and you think back to those who advised the same
thing a year ago with a smile. You weren't ready then, but you are now. The eureka
moment came the moment that you truly accepted that you cannot predict the
market.

Step 4 - Conscious Competence
You are making trades whenever your system tells you to. You take losses just as
easily as you take wins You now let your winners run to their conclusion fully
accepting the risk and knowing that your system makes more money than it looses
and when you're on a loser you close it swiftly with little pain to your account
You are now at a point where you break even most of the time - day in day out, you
will have weeks where you make 100 pips and weeks where you lose 100 pips -
generally you are breaking even and not losing money. You are now conscious of the
fact that you are making calls that are generally good and you are getting respect
from other traders as you chat the day away. You still have to work at it and think
about your trades but as this continues you begin to make more money than you
lose consistently.
You'll start the day on a 20 pip win, take a 35 pip loss and have no feelings that
you've given those pips back because you know that it will come back again. You will
now begin to make consistent pips week in and week out 25 pips one week, 50 the
next and so on.
This lasts about 6 months

Step Five - Unconscious Competence
Now we’re cooking - just like driving a car, every day you get in your seat and trade
- you do everything now on an unconscious level. You are running on autopilot. You
start to pick the really big trades and getting 200 pips in a day doesnt make you any
more excited that getting 1 pips.
You see the newbies in the forum shouting 'go dollar go' as if they are urging on a
horse to win in the grand national and you see yourself - but many years ago now.
This is trading utopia - you have mastered your emotions and you are now a trader
with a rapidly growing account.
You're a star in the trading chat room and people listen to what you say. You
recognise yourself in their questions from about two years ago. You pass on your
advice but you know most of it is futile because they're teenagers - some of them
will get to where you are - some will do it fast and others will be slower - literally
dozens and dozens will never get past stage two, but a few will.
Trading is no longer exciting - in fact it's probably boring you to bits - like everything
in life when you get good at it or do it for your job - it gets boring - you're doing
your job and that's that.
Finally you grow out of the chat rooms and find a few choice people who you
converse with about the markets without being influenced at all.
All the time you are honing your methods to extract the maximum profit from the
market without increasing risk. Your method of trading doesn’t change - it just gets
better - you now have what women call 'intuition'
You can now say with your head held high "I'm a currency trader" but to be honest
you don’t even bother telling anyone - it's a job like any other.
I hope you’ve enjoyed reading this journey into a traders mind and that hopefully
you’ve identified with some points in here.
Remember that only 5% will actually make it - but the reason for that isn’t ability, its
staying power and the ability to change your perceptions and paradigms as new
information comes available.
The losers are those who wanted to 'get rich quick' but approached the market and
within 6 months put on a pair of blinkers so they couldn’t see the obvious - a kind of
"this is the way i see it and thats that" scenario - refusing to assimilate new
information that changes that perception.
I’m happy to tell you that the reason i started trading was because of the 'get rich
quick' mindset. Just that now i see it as 'get rich slow'
If you’re thinking about giving up i have one piece of advice for you ....
Ask yourself the question "how many years would you go to college if you knew for a
fact that there was a million dollars a year job at the end of it?
Take care and good trading to you all.