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Forex Trading - Season 13 - Business (111) - Nairaland

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Re: Forex Trading - Season 13 by 9ja4u(m): 12:20am On Apr 02, 2013
nell07: #moping cluelessly#
Ok guys, evidently I've just walked in on some advanced alien race plotting the enslavement of mankind!
Alright, I'm nelson.. Looking to obtain my NYSC discharge cert by july and currently faced with creating a platform for my financial independence... So far I ve been able to save some liTtle change from my monthly "allawii"... And now I want to invest in something before june gets here.. FOREX trading sounds like a good idea, but the problem is that I know next to nothing about how to even go about it, so I saw this thread and jumped in only to find everyone speaking in some language that sounds like english, but isn't.

So would any kind soul PLEASE enlighten this ignorant friend on how to go about forex trading. It would mean ThE WORLD to him. Thanks all
@Poster Alien space site babypips.com would gladly dock ur quest for FX Knowledge....

1 Like

Re: Forex Trading - Season 13 by Nobody: 12:23am On Apr 02, 2013
OMARANYA:
I think this pair is bearish biased at the moment.

I know but 119.5x is support on my chart, it's a very low risk trade.
Re: Forex Trading - Season 13 by frenchman2: 1:37am On Apr 02, 2013
chart pattern analysis for eur/jpy
double top formation.
see chart attached for details.
NB; nothing is guaranteed. price could just do the opposite and rubbish my analysis.


PRICE IS KING. FOLLOW IT WHEREVER IT GOES.

Re: Forex Trading - Season 13 by silibaba: 1:44am On Apr 02, 2013
who is buying gu with me.

target 70 pips, take profit will be at r2 grin

how market
Re: Forex Trading - Season 13 by casestudy: 2:38am On Apr 02, 2013
@Frenchie. i agree with you totally on eurjpy and i'm in with you on it. lets pray price smiles on us this week. meanwhile, i saw this setup on baby pips blog and our darling BBstop is also screaming the same thing, i think the way forward for GeeJay is down, the pattern is gradually forming out. its a wide stoploss though but a handsome R:R, so na long term thingy. lets see how this week and next plays out, guys what do you think

Re: Forex Trading - Season 13 by EPOMA(m): 2:39am On Apr 02, 2013
silibaba: who is buying gu with me.

target 70 pips, take profit will be at r2 grin

how market

I have
Re: Forex Trading - Season 13 by FredAuto(m): 2:50am On Apr 02, 2013
Update on my uc

Re: Forex Trading - Season 13 by Bigheart(m): 3:01am On Apr 02, 2013
Happy new month everyone, I wish you more pips and all green in your trading in April. I got it all right in my trading for three year now. Find below my secret and my short gun for FREE. Download it @fxfreedom.simplesite.com. Good luck
Re: Forex Trading - Season 13 by pauben: 4:59am On Apr 02, 2013
Bigheart: Happy new month everyone, I wish you more pips and all green in your trading in April. I got it all right in my trading for three year now. Find below my secret and my short gun for FREE. Download it @fxfreedom.simplesite.com. Good luck
pls dis ur website is not going check if there is something wrong
Re: Forex Trading - Season 13 by FXKing2012(m): 5:19am On Apr 02, 2013
nell07: #moping cluelessly#
Ok guys, evidently I've just walked in on some advanced alien race plotting the enslavement of mankind!
Alright, I'm nelson.. Looking to obtain my NYSC discharge cert by july and currently faced with creating a platform for my financial independence... So far I ve been able to save some liTtle change from my monthly "allawii"... And now I want to invest in something before june gets here.. FOREX trading sounds like a good idea, but the problem is that I know next to nothing about how to even go about it, so I saw this thread and jumped in only to find everyone speaking in some language that sounds like english, but isn't.

So would any kind soul PLEASE enlighten this ignorant friend on how to go about forex trading. It would mean ThE WORLD to him. Thanks all
Dont even think of using your NYSC allowee for forex trading, you need a steady stream of income before getting yourself involved in fx trading because every good trader crashes at least their first five accounts - I crashed about 15 accounts in a spate of 5.5yrs before I eventually got it right. Now you get the picture?

Invest your allowee in some other business or in educating yourself. As for fx trading, you need at least 1yr of learning and training. Visit babypips.com for your first lesson.
Re: Forex Trading - Season 13 by fxisreal: 5:29am On Apr 02, 2013
nell07: #moping cluelessly#
Ok guys, evidently I've just walked in on some advanced alien race plotting the enslavement of mankind!
Alright, I'm nelson.. Looking to obtain my NYSC discharge cert by july and currently faced with creating a platform for my financial independence... So far I ve been able to save some liTtle change from my monthly "allawii"... And now I want to invest in something before june gets here.. FOREX trading sounds like a good idea, but the problem is that I know next to nothing about how to even go about it, so I saw this thread and jumped in only to find everyone speaking in some language that sounds like english, but isn't.

So would any kind soul PLEASE enlighten this ignorant friend on how to go about forex trading. It would mean ThE WORLD to him. Thanks all

mate, forex is not a business you can just jump into, below is my advice for you


i will advice you to go and invest ur alawii money on stock first, at the moment if you do this your money will roughly yield 60% before next year match, if you choice better stock especially now that some banks prepare to release their result this month.

so between now and next year match go to babypips.com to study forex don't deceive yourself, study it seriously along your study visit this thread and other forex site like forexlive.com during your learning/study open demo account practice it with like $1000 vitual money don't use $100000 they use to give adjust your own to $1000 and start with 0.01 lot

be serious with this demo as if it is real money. master the strategy you take win most of the time. then you can now open a Live account by April next year with your gain on stock investment and make your benji.

to be frankly with you, without research before trading forex you will just be one of those traders that feed broker fat,

wish u goodluck.
Re: Forex Trading - Season 13 by Nobody: 5:29am On Apr 02, 2013
fxjones: Ways to avoid requote:
Right at the top of your mt4platform Select Tools, and select option click on trade you will see deviation by default type in 5 if you are a swing trader but if you are a scalper type 3 and click ok. That will be a permanet end to requote problem

Happy Trading
smiley smiley smiley
Re: Forex Trading - Season 13 by fxisreal: 5:35am On Apr 02, 2013
fxisreal:


my ej sell doing fine since last week still eyeing 118.8xx


+200pips taking off my EJ sell on sideline for now looking for where to re-enter
Re: Forex Trading - Season 13 by fxisreal: 5:44am On Apr 02, 2013
if this level hold 118.7xx on ej i see 116.82 next. on the sideline at d moment.
Re: Forex Trading - Season 13 by fxbomovi: 5:57am On Apr 02, 2013
Thanks for having me in mind. It pays to be patient and to always trust your system.
nolly042: adding another postion to my ej. and uj is nearing my expected turn around. fxbomovi take note of this one if u are still on the trade as of last week
Re: Forex Trading - Season 13 by Nobody: 6:49am On Apr 02, 2013
FXKing2012:
Dont even think of using your NYSC allowee for forex trading, you need a steady stream of income before getting yourself involved in fx trading because every good trader crashes at least their first five accounts - I crashed about 15 accounts in a spate of 5.5yrs before I eventually got it right. Now you get the picture?

Invest your allowee in some other business or in educating yourself. As for fx trading, you need at least 1yr of learning and training. Visit babypips.com for your first lesson.
Final full stop.
Re: Forex Trading - Season 13 by Nobody: 6:51am On Apr 02, 2013
fxisreal: if this level hold 118.7xx on ej i see 116.82 next. on the sideline at d moment.
If not for the upward euro move of yesterday, the 118 level would have been taken out because if UJ moves 100pips, EJ normally moves 250pips in response. Still staying patient tho.
Re: Forex Trading - Season 13 by nolly042(m): 6:59am On Apr 02, 2013
naijababe:

Are you buying?! Bought at 119.80
mama i could'nt have bought in this kind of trend oh. been shorting since last week
Re: Forex Trading - Season 13 by Nobody: 7:08am On Apr 02, 2013

Deposit in local currency is now available for Nigeria, Ghana and Benin Republic


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With the help of e-Naira.com now you may deposit your trading account at FBS via local banks of Nigeria, Ghana and Benin Republic in your local currency. It's low cost, easy and convenient!

FBS dey serious o! LOL... But they should have partnered with another Nigerian exchanger. E-naira and their annoyingly pompous attitude.
Re: Forex Trading - Season 13 by lawson007(m): 8:09am On Apr 02, 2013
@Fxjones,that was a sweet post and very brIllIant one at that...good job. Whatever happened to unclenna?don't ever make the mistake of buying ej if the weekly chart closes below 118.50,because that will the low level of my breakout system has been chatter.every move from that point be bear all the to 110 or lower.those on long term buy pls I'm begging o wait for this lowel because if it holds then expect flight tickets to 127.
Re: Forex Trading - Season 13 by Nobody: 8:10am On Apr 02, 2013
nolly042:
mama i could'nt have bought in this kind of trend oh. been shorting since last week

Hmmm. Lost about 15 pips to it as I was trailing it manually. On the sidelines now until I see a clearer signal. I made a decision to trade EJ only as my currency pair and I am feeling tempted to open a chart on something else, rather than do that I am going back to bed. The ideal place for me to short is 121.40. Even crude and DJIA are messy right now, better to keep my money than piss it away.
Re: Forex Trading - Season 13 by rozayx5(m): 8:28am On Apr 02, 2013
POLL RESULTS

the polls to decide the fate of season 13 were closed at 11.59PM yesterday and the results are found in the pic below
(bad i could not vote as INEC chairman)
grin grin grin

so the House of Forex has come to a conclusion that we run this season till January 1st 2014 , long live FTA nairaland cool

Re: Forex Trading - Season 13 by fxbomovi: 8:52am On Apr 02, 2013
gud mornin house. Pls wats d low of euraud today?
Re: Forex Trading - Season 13 by rozayx5(m): 9:19am On Apr 02, 2013
rozayx5: EA, is this it, is this the change of the downtrend lipsrsealed

lipsrsealed lipsrsealed

Re: Forex Trading - Season 13 by rozayx5(m): 9:30am On Apr 02, 2013
fxbomovi: gud mornin house. Pls wats d low of euraud today ?

Re: Forex Trading - Season 13 by infofirst(m): 9:40am On Apr 02, 2013
rozayx5: POLL RESULTS

the polls to decide the fate of season 13 were closed at 11.59PM yesterday and the results are found in the pic below
(bad i could not vote as INEC chairman)
grin grin grin

so the House of Forex has come to a conclusion that we run this season till January 1st 2014 , long live FTA nairaland cool

okies
Re: Forex Trading - Season 13 by Wisdomxy(m): 11:04am On Apr 02, 2013
Hello,good morning traders in the house. Happy new month.Pls can anyone advise me on still holding my account with FxPro considering the economic crisis that is raging in Cyprus and also minding the fact that one of the clearing banks of FxPro(Hellenic Bank) is in Greece.I will also want to benefit from useful advise on Uk brokers that operate MT4 besides Alpari UK and FXCM UK.
Re: Forex Trading - Season 13 by Nobody: 11:11am On Apr 02, 2013
Wisdomxy: Hello,good morning traders in the house. Happy new month.Pls can anyone advise me on still holding my account with FxPro considering the economic crisis that is raging in Cyprus and also minding the fact that one of the clearing banks of FxPro(Hellenic Bank) is in Greece.I will also want to benefit from useful advise on Uk brokers that operate MT4 besides Alpari UK and FXCM UK.

Try GO Markets, although based in Australia.
Re: Forex Trading - Season 13 by nolly042(m): 11:14am On Apr 02, 2013
naijababe:

Hmmm. Lost about 15 pips to it as I was trailing it manually. On the sidelines now until I see a clearer signal. I made a decision to trade EJ only as my currency pair and I am feeling tempted to open a chart on something else, rather than do that I am going back to bed. The ideal place for me to short is 121.40. Even crude and DJIA are messy right now, better to keep my money than piss it away.

on my own side, after messing my account history i now decided to stick to my normal one pair and believe me it gives a lot of relief and confidence about my trades

2 Likes

Re: Forex Trading - Season 13 by AmeLonRo(m): 11:21am On Apr 02, 2013
Its not that easy but plan your work and work your plan. Pray and believe God...He gives power too get wealth... grin
Re: Forex Trading - Season 13 by Wisdomxy(m): 11:32am On Apr 02, 2013
naijababe:

Try GO Markets, although based in Australia.
Thanks for the suggestion.No previous experience with brokers from Australia and considering the fact that a number of them moved quickly to open branches in Australia when NFA commenced the stringent measures to curtail their excessses in USA sequel to the unexpected crash in the markets in which big coys lost hugely in 2008-2009.Don't know much about GO Markets, though i shall chat with them and see how responsive they are.Thanks again.
Re: Forex Trading - Season 13 by onlineresource: 11:37am On Apr 02, 2013
hello you all,

from my analysis on sunday concerning eu and gold.
eu already at work by the upward movement it made to 2875,
though i still think market will still break this level and to the monthly
pivot area which is above the daily resistance level.
this is where i will be taking my sell on eu like i said on sunday.
so watch out for this area.

for gold, i also said i expected an upward movement of gold which
i still see as a retracement because gold is bearish and still heading to
1530 before anything, but right now gold has broken the weekly pivot area
and also the daily pivot level, which makes it a good place to take a sell on the
precious metal, so right now, its either i take my sell at this present price and place stop
just 30pips which is above the monthly pivot area which is a good place or wait to see if there will
still be some kind of retracement up to place a sell at pivot.

so thats it for now, my one cent on the analysis

UPDATED: SELL TAKEN ON GOLD AT 1597.59 WITH STOP AT 1601.14

see you all later,

by the way, my ej trade hit my stop loss as a result of not monitoring the trade.

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