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Nairaland Forum / Nairaland / General / Business / Forex Trading - Season 13 (660641 Views)
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Re: Forex Trading - Season 13 by Kirinwa: 6:20am On May 20, 2013 |
EurNzd Sellstop at 1.5800 GbpNzd Sellstop at 1.8700 |
Re: Forex Trading - Season 13 by NonFarmPayrol: 6:41am On May 20, 2013 |
uncle2010: this your new name na bomb ![]() ![]() ![]() been using it for some time now ![]() Traders are all part of the non farm payroll are'nt we ![]() |
Re: Forex Trading - Season 13 by Odionastron: 7:21am On May 20, 2013 |
Please I'ld like to get some enlightenment from the house. ![]() Which contains lesser risks(assuming you have enough bankroll): Trading on Monthly time frame as against trading on lesser time frames like 1hr, 5mins etc. Please I dont want any answer related to trading technique--Try to avoid that. Thanks.---though you could add it, if you can't just avoid it. ![]() ![]() ![]() |
Re: Forex Trading - Season 13 by Nobody: 7:31am On May 20, 2013 |
mayten30: I remember when I saw like 5 topics concerning market makers and ecns and others and those that talked about the topics where different 5 top forex traders including george soros and one shocking thing was that they all had different views about the topic and I realized that no one can be sure they are right but can just share their opinion so you can spare the enlightment to the new-bies but concerning market makers or ecn as long as I have a broker that is not cheating me and am making my moolah what else remain again?I remembered when someone also told me that trading on yen pairs is rubbish and it is gambling and I met another forex trader that has being trading on only uj for the past 4 years and is earning at least 80 percent monthly with good compoundingU don talk am finish. |
Re: Forex Trading - Season 13 by Nobody: 7:32am On May 20, 2013 |
InvertedHammer:GBAM!! |
Re: Forex Trading - Season 13 by Nobody: 7:47am On May 20, 2013 |
Odionastron: Please I'ld like to get some enlightenment from the house.Monthly time frame? Lwkm. Bros how much dey your account biko? Anyway, monthly timeframe is very sweet and lovely! Err just that you should be ready to place just 12 trades a year and be able to take 3,000pip losses ![]() |
Re: Forex Trading - Season 13 by NonFarmPayrol: 8:17am On May 20, 2013 |
Piponomics: cases closed ![]() |
Re: Forex Trading - Season 13 by Odionastron: 8:19am On May 20, 2013 |
Any other ![]() |
Re: Forex Trading - Season 13 by Kirinwa: 8:50am On May 20, 2013 |
GbpNzd sell triggered at 1.8700 and Gold buy triggered at 1350.Babysitting my trade .. |
Re: Forex Trading - Season 13 by XHTML: 8:54am On May 20, 2013 |
Odionastron: Please I'ld like to get some enlightenment from the house. Hmm. Well let's look at it from this angle. If you're on the monthly timeframe, you'll basically be analyzing where the price would go in a month's time, same with the daily, four hour and so on. Now, the shorter timeframes tend to move faster and is plagued by lots of noise and volatility. The higher you go the smoother it becomes. You have to be aware that "speculating" where the price would be in a month time would take you a longer time to calculate (and get good entry opportunities) than on the lower time frames. But you'll have more time to do your analysis (and get it right), and won't take rash decisions due to erratic price movements. So it's riskier (in the sense that you're bound to make mistakes) to trade lower time-frames. Overall if depends on your trading plan/pattern. If you're scalping, you have no business with anything over 30mins. But longer term traders would want to get a broader perspective. PS: If you're not trading directly on the interbank via an ECN broker, don't think of scalping. The spreads would take you out faster than you can say "No Way". 2 Likes |
Re: Forex Trading - Season 13 by Kirinwa: 9:07am On May 20, 2013 |
In forex, quality trades should be preferred over quantity trades. |
Re: Forex Trading - Season 13 by Kirinwa: 9:21am On May 20, 2013 |
Kirinwa: GbpNzd sell triggered at 1.8700 and Gold buy triggered at 1350.Babysitting my trade .. ![]() |
Re: Forex Trading - Season 13 by XHTML: 9:30am On May 20, 2013 |
Kirinwa: In forex, quality trades should be preferred over quantity trades. Exactly. In Forex trading, it all boils down to one thing in the end. How much you make when you're right, and how much you lose when you're wrong. |
Re: Forex Trading - Season 13 by ayox2003: 9:40am On May 20, 2013 |
Not trading today. Still holding my AUDUSD and Gold short. Frawzey |
Re: Forex Trading - Season 13 by Nobody: 9:49am On May 20, 2013 |
XHTML:Now you are talking but allow me to add...and how much you withdraw from your account - we are not trading just to grow our e-cash but to turn the e-cash into real cash and pay bills with it. |
Re: Forex Trading - Season 13 by NonFarmPayrol: 9:49am On May 20, 2013 |
XHTML: simple definition of a good trader to me. there are good analysts but bad traders, and vice versa, i prefer being a bad analyst but a good trader |
Re: Forex Trading - Season 13 by NonFarmPayrol: 9:50am On May 20, 2013 |
Pipsland78:+1 |
Re: Forex Trading - Season 13 by JAkpayen(m): 11:40am On May 20, 2013 |
@all #Has anyone tried connecting to the internet using a decoder as modem? |
Re: Forex Trading - Season 13 by lordaustin(m): 11:54am On May 20, 2013 |
Kirinwa: GbpNzd sell triggered at 1.8700 and Gold buy triggered at 1350.Babysitting my trade .. ![]() ![]() ![]() |
Re: Forex Trading - Season 13 by Nobody: 12:31pm On May 20, 2013 |
ayox2003: Not trading today. Still holding my AUDUSD and Gold short. +1, added a sell stop to my gold position on gold ar 1317, for mission 1275 and below plus i joined the AU sell today. |
Re: Forex Trading - Season 13 by kcc515(m): 12:41pm On May 20, 2013 |
Thread is light again, Monday abi? |
Re: Forex Trading - Season 13 by kcc515(m): 12:53pm On May 20, 2013 |
naijababe: 1317? |
Re: Forex Trading - Season 13 by kcc515(m): 1:00pm On May 20, 2013 |
naijababe: Sell stop at 1317, over 350 pips below current price?? Boss, why? |
Re: Forex Trading - Season 13 by Kirinwa: 1:10pm On May 20, 2013 |
kcc515: Fear of gold is the beginning of wisdom. |
Re: Forex Trading - Season 13 by Kirinwa: 1:13pm On May 20, 2013 |
lordaustin: Bros why are you shocked? |
Re: Forex Trading - Season 13 by Kirinwa: 1:16pm On May 20, 2013 |
Gold target 1360 |
Re: Forex Trading - Season 13 by kcc515(m): 1:16pm On May 20, 2013 |
Kirinwa:Your buy is green now. 'was watching but I never get liver to go upstream, waiting for return leg.. |
Re: Forex Trading - Season 13 by Kirinwa: 1:24pm On May 20, 2013 |
kcc515: Your buy is green now. 'was watching but I never get liver to go upstream, waiting for return leg.. Target hit.Am out. Remains gbpnzd |
Re: Forex Trading - Season 13 by Nobody: 1:29pm On May 20, 2013 |
kcc515: So I won't miss out if price gets to and exceeds prior recent low at 1321 |
Re: Forex Trading - Season 13 by kcc515(m): 1:49pm On May 20, 2013 |
naijababe: April 16.. Lower low= Bearish.. I get the drift, u know sey u be my mentor ![]() ...That's good foresight |
Re: Forex Trading - Season 13 by FOREXMART(m): 2:15pm On May 20, 2013 |
XHTML: Here is a formula to judge your trading. If your trades don't fall under any of the following category or profile then you are probably a struggling trader, no disrespect intended. The formula is as follows. RRR= Risk reward ratio WLR= Win loss ratio RRR+WLR= profit/loss A. rrr= 1:1 minimum where wlr=60:40 minimum B. rrr= 1:2,3,4,5..... minimum Where wlr=50:50 minimum. Just saying. |
Re: Forex Trading - Season 13 by fxbomovi: 2:22pm On May 20, 2013 |
Anyone on uj sell? Gold shock me today |
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