infofirst:
Wish us all a profitable trading week ahead. As a reminder, be mindful of your risk each time you choose to open a trade. No one is too big to fail in fx but it is almost impossible for a discipline and low risk taker to fail. Always trade for another day.
Learn and learn, proper understanding of how prices move is very important.

Note: I am sharing this just after I saw a respectable Pamm account manager I also recommended here lost it. @Divinepips123 portfolio crumbled. I took my lessons too. No Matter how confident you are, when you risk too much, you are gambling and not trading. I definitely will be reducing my risk too. Slow and steady wins the race.

So on point bro, Greed is such a weakness every trader need to put in check

coolvibes:
^^^^ True words

I concur, many of us always focuse on the profit that will be made, there by increasing the lot size of our trades, forgetting that when the trade goes wrong our loss will be multiplied too

infofirst:
Wish us all a profitable trading week ahead. As a reminder, be mindful of your risk each time you choose to open a trade. No one is too big to fail in fx but it is almost impossible for a discipline and low risk taker to fail. Always trade for another day.
Learn and learn, proper understanding of how prices move is very important.

Note: I am sharing this just after I saw a respectable Pamm account manager I also recommended here lost it. @Divinepips123 portfolio crumbled. I took my lessons too. No Matter how confident you are, when you risk too much, you are gambling and not trading. I definitely will be reducing my risk too. Slow and steady wins the race.

Bro as in.... Am shocked, he lost virtually everything, even FxManager... True Money management is key

ejosh4:

Bro as in.... Am shocked, he lost virtually everything, even FxManager... True Money management is key

Who is fxmanager? I do not know him. Like for real, I was dumb when I saw it, I checked to see good performance plus increase in number of investors only to realize everything is gone.
He has over 150 investors the last time I checked and that's no less than $15,000 in trading capital... Who says its easier to trade with big capital?
I really wish to hear from him.How it all happen?

In this business retail traders have the odds stacked against them.

The most important rule is to play great defense, not great offense. Everyday I assume every position I have is wrong. I know where my stop risk points are going to be. I do that so I can define my maximum drawdown. Hopefully, I spend the rest of the day enjoying positions that are going in my direction. If they are going against me, then I have a game plan for getting out.- Paul Tudor Jones

Lets have a great trading week guys and remember never to give up

alphaNomega:
In this business retail traders have the odds stacked against them.

i agree with you, and combine that with lack of discipline emotionally and you will understand why most retail traders fail.

Now this PAMM trading thing is now a turn off to me. I was thinking about investing on PAMM while I fine tune my strategy and study more but with what i just read, I may have to continue with my $100 on and off account.

Player for life

myseyf:

Go and open from your in your personal login Area or their app,you can open with any amount you like

ejosh4:

Bro as in.... Am shocked, he lost virtually everything, even FxManager... True Money management is key

I felt bad for this guy, investors accounts gone in about few trades he has been building that reputation little by little awhile, now back to square one.

A very poor risk manager.You can always bounce back.Get some books on risk management and trading psychology.Retail forex trading is hell.

What is that MA you are using?

maybachmusic:


Player for life

infofirst:
Wish us all a profitable trading week ahead. As a reminder, be mindful of your risk each time you choose to open a trade. No one is too big to fail in fx but it is almost impossible for a discipline and low risk taker to fail. Always trade for another day.
Learn and learn, proper understanding of how prices move is very important.

Note: I am sharing this just after I saw a respectable Pamm account manager I also recommended here lost it. @Divinepips123 portfolio crumbled. I took my lessons too. No Matter how confident you are, when you risk too much, you are gambling and not trading. I definitely will be reducing my risk too. Slow and steady wins the race.

Hmm that guy sha

Lord knows how many fingers burnt there

Right now the banks are waiting for every other person to fill in their orders then they do the opposite. These guys are balling big time

maybachmusic:


Player for life

Those REDandGREEN arrows remind me of one "sweet spot finder" indicator I was trying out back in the day. It was my first encounter with a repainting indicator, I thought I was seeing things

alphaNomega:


Those REDandGREEN arrows reminds me of one "sweet spot finder" indicator I was trying out back in the day. It was my first encounter with a repainting indicator, I thought I was seeing things

Yea

Repainting indicators back then

Dem go make u dream of g wagon

Only to see zero balance next day

maybachmusic:



Yea

Repainting indicators back then

Dem go make u dream of g wagon

Only to see zero balance next day

Lol.funny you.

alphaNomega:
Right now the banks are waiting for every other person to fill in their orders then they do the opposite. These guys are balling big time

Do you believe this sha? I think the banks have the best of the best in their trading and or power room where they come together to understand exactly what prices will do and they follow. They analyze objectively, with long term view, sound psychological mindset and are highly discipline.
All these are missing for a retail trader. How then do you expect same result.

PJAMES1:
CADCHF
Watch for bearish price action at 0.7610 area.
Strong Supply zone.
Also looks like a triple top can form.
However wait for definitive price action if it reaches that area.

Went long for the present trade following the formation of a clear double bottom.

Closed for over a hundred pips..
Now waiting to see if there would be a bearish price action.

PJAMES1:


Closed for over a hundred pips..
Now waiting to see if there would be a bearish price action.

nice
still waiting for your write up

maybachmusic:



Yea

Repainting indicators back then

Dem go make u dream of g wagon

Only to see zero balance next day

rozayx5 is dat u ? don't lie lol. spirit don't lie

piponomics is shevychen2
currentpice is dat guy dat always say eyeing tins or zone.

I am tom29.

I need prayers of deliverance from stagnation, depression, delays, backwardness, flavorlessness,

sometimes I come here to write to release tension. lack of money dey wound me. God Almighty have mercy on me abeg

Is like this week is beginning on a scary note. With all the news of losses on large scale taking up this cyberspace.,.. afraid is yaf want to cashing me

Anyone using ICM broker here?

infofirst:


Do you believe this sha? I think the banks have the best of the best in their trading and or power room where they come together to understand exactly what prices will do and they follow. They analyze objectively, with long term view, sound psychological mindset and are highly discipline.
All these are missing for a retail trader. How then do you expect same result.

They have more information than retail traders.

Truest:


rozayx5 is dat u ? don't lie lol. spirit don't lie

piponomics is shevychen2
currentpice is dat guy dat always say eyeing tins or zone.

I am tom29.

I need prayers of deliverance from stagnation, depression, delays, backwardness, flavorlessness,

sometimes I come here to write to release tension. lack of money dey wound me. God Almighty have mercy on me abeg

I don't think he visits this thread anymore. So many old hands here back in the day, naijababe et al. I like the new state of the thread, more forex, less drama.

Meanwhile I am trying to understand how volume will be of benefit to my trades. If you can get accurate volume data and know how to apply it, your trading history will significantly improve as a retail trader.

alphaNomega:


They have more information than retail traders.



I don't think he visits this thread anymore. So many old hands here back in the day, naijababe et al. I like the new state of the thread, more forex, less drama.

Meanwhile I am trying to understand how volume will be of benefit to my trades. If you can get accurate volume data and know how to apply it, your trading history will significantly improve as a retail trader.

It works during false breakout majorly. crack and snap strategy. Like when price breaks support tested 2 or 3 times, the normal psychology is that traders will sell into it, but on rates, the support level won't hold. So sellers won't want to hold their positions and become a buyer.
For confirmation you check for an increase in volume, telling you there are more buyers pushing price up.

Thats what I can rember in how I understand the indicator.

bojbest:



It works during false breakout majorly. crack and snap strategy. Like when price breaks support tested 2 or 3 times, the normal psychology is that traders will sell into it, but on rates, the support level won't hold. So sellers won't want to hold their positions and become a buyer.
For confirmation you check for an increase in volume, telling you there are more buyers pushing price up.

Thats what I can rember in how I understand the indicator.

You have me confused

Goldhomes:



Go and open from your in your personal login Area or their app,you can open with any amount you like

I don't understand you. Please explain more, thanks.

redsox11:
I don't understand, he's got a problem but what you can tell him/her is register/ deposit to new platform and give you login details.

What is wrong with your guys?



First report the Nairaland user, post in the person thread to warn others. Report to MOD of the can revoke his/her account.



Then go register in forexpeacearmy and mentioned they ( CapitalXP ) scammed you or trying to.

Thanks so much bro.
I have already reported the Nairalander and also posted on that same thread to warn others.

I will register with forexpeacearmy and do the needful as you have mentioned.

Thanks again.

karkinase:

Hahaha..I feel it's a scam joor...that lady on nairaland allowed me register for the so called Marijuana business. She called me too but I did my checks and found they are not regulated..sorry about your investment.

As in bro, it is annoying that one will come online and advertised "business A" using a rather mouth watery "business B" as a cover to deceive people.

Hello guys, I've been following this thread for some months now, and I must say I appreciate the job you guys are doing.

learnt a lot here, but have been practicing quietly.

well-done guys!!!

from : all the backstage guys