GRIMMJOE:
Good to know, imagine making just 5% of a 100k account.

dotunibrahim7:
Nice. What's your bias on Eurusd?

GRIMMJOE:
Good to know, imagine making just 5% of a 100k account.

meshpips:


Thanks so much for sharing. You ended up profitable for that segment of time but consistency was lacking.
My honest advice to you is this:
Get one trade set up that gives you at least 1:2 risk to reward. Trade that set up on only one time frame (it can be any market instrument) but use only one time frame.
Do 50 (fifty) to 100 (one hundred) trades using this set up and time frame.
Now check your profit and loss and the expectancy. If you ended in profit, you now have a demonstrable edge!
Trade only that set up on only one time frame everyday for the rest of your life. Refuse to change that system regardless of what anybody says.

Peterfx01:

If you see pullback just sell with full confidence

meshpips:
Okay, let's talk "real real" this weekend.
It is a known fact that many people think they will get rich overnight in this business. Many come in with an "entitlement" mentality. Thinking the market owes them anything.
See ehn, pull your ears and listen attentively- this market owes you nothing more than a shipload of pain, shame, testing your mettle to see whether you are truly indefatigable!
What has the market done to you? Let's hear the worst thing the market has done to you.
As for me, this market has taken me PLACES! Yes, I said so!!! You wanna know where I have been courtesy this beautiful market?
I will tell you. I have been to the VILLAGE and back!!! I stayed there for one full year with my wife and kids. Now, I am back to Lagos and things keep getting better with each passing day.
Market don shake you before? Talk your story make we hear. All those kids out there that know not what real traders have been through, get ready to feel the chill in your spine so that when real traders talk next time, you will keep mute and listen!
Dipo Adepoju went from trying to sell his kidney into becoming a maestro in this business. Many others sold their houses at a ridiculous amount just to pay off debt brought upon them by this same beautiful business. Some sold cars, others lost their wife because of the tough times.

Let's hear what the market has done to you!

#real_traders_talk

haryodehjia:


Sold my home theater for 65k June 2022 and funded my synthetics account and almost lost the account but later came back with huge profit of 500k around August.. Withdrew and bought the home theater(155k) back.
But that period it has been series of losses
Worst of them all was when I was in church dancing cos I was already up with $100 profit,after 20mins checked and saw that I hit sl . Sadness just catch me

Forest is indeed not for the weak

Jameselias:


The problem is after you have reached 5% may be early, can you be disciplined enough to stop
And wait for withdrawal

kozmicity:
GA and GJ. I don't see any setups happening until midweek unless there's crazy news.

Good morning people.

gbosah91:
Mt5 Bleep my trade up, I wanted to place a trade which I have been using 0.01 lot size. I didn't check the lot size before placing the trade. And what I saw is 0.3 lot size and loss of $9. Has anyone experience this before?

gbosah91:
Mt5 Bleep my trade up, I wanted to place a trade which I have been using 0.01 lot size. I didn't check the lot size before placing the trade. And what I saw is 0.3 lot size and loss of $9. Has anyone experience this before?

Piptocoin:


Is this the first time you will use mt5?

haryodehjia:


It is common with synthetics cos most of the instruments have different lot size..

gbosah91:
Mt5 Bleep my trade up, I wanted to place a trade which I have been using 0.01 lot size. I didn't check the lot size before placing the trade. And what I saw is 0.3 lot size and loss of $9. Has anyone experience this before?

Tradinggiant:
boss .. it's your mistake, don't blame it on MT5

gbosah91:
Mt5 Bleep my trade up, I wanted to place a trade which I have been using 0.01 lot size. I didn't check the lot size before placing the trade. And what I saw is 0.3 lot size and loss of $9. Has anyone experience this before?

gbosah91:
Not synthetic, I just wanted to crypto though.

GRIMMJOE:
You carry $9 go dey enter crypto.

gbosah91:
No, I have been using it

meshpips:
Okay, let's talk "real real" this weekend.
It is a known fact that many people think they will get rich overnight in this business. Many come in with an "entitlement" mentality. Thinking the market owes them anything.
See ehn, pull your ears and listen attentively- this market owes you nothing more than a shipload of pain, shame, testing your mettle to see whether you are truly indefatigable!
What has the market done to you? Let's hear the worst thing the market has done to you.
As for me, this market has taken me PLACES! Yes, I said so!!! You wanna know where I have been courtesy this beautiful market?
I will tell you. I have been to the VILLAGE and back!!! I stayed there for one full year with my wife and kids. Now, I am back to Lagos and things keep getting better with each passing day.
Market don shake you before? Talk your story make we hear. All those kids out there that know not what real traders have been through, get ready to feel the chill in your spine so that when real traders talk next time, you will keep mute and listen!
Dipo Adepoju went from trying to sell his kidney into becoming a maestro in this business. Many others sold their houses at a ridiculous amount just to pay off debt brought upon them by this same beautiful business. Some sold cars, others lost their wife because of the tough times.

Let's hear what the market has done to you!

#real_traders_talk

infofirst:


Humm... Fx market has done a lot of good nd not too good things to me since 2007. In 2015, I took a personal account of $500 +$500(bonus) to $12000. I withdraw $1k & took the acct to $15 k or there about and lost everything in less than one week.
Last year, I withdraw over $25k frm 3 funded $100 k acct and then went to lose the funded accts one after the other.
I have met great traderz tru fx and fx has made mst of them ran away from me after their promises to me were cut short.
@charly20 lost of almost 8% to losing a chance of a challenge acct with me was one shock I experienced last year.I was following the progress until I saw the shock. I almost wanted to use my hands to stop the back to back losses....

When I see many babies boast here, I laughed in swahili.
Note, no one should be blamed for losses but the traders. We risk more than we should. We gamble instead of trading. Brokers have a share especially during highly volatile time when there is slippage but no matter the slippage, if we practice good risk, we would b fine.

Overall, I have been fortunate trading fx. I will not quit because I have paid my dues. So I am not going to quit because I have survived the hurdles already.

Also note, you must change your approach before you can excel. Don't stubbornly refuse to quit. The market is brutal. Brutal than you can imagine. But there is huge reward for the smart, discipline and patient non gambling traders.
I have seen and met all sort of great strategies, great traders, great accts, great Scammers traders, they all failed eventually. The only trader I have seen, the only acct I have seen that do not fail in the long term are those with good risk mgt. I am not talking about 1:10 risk rewards traders not SMC traders... But those that followed the likes of what @meshpips shared.. Trading $1000 with 0. 01 lot and not opening more than certain lot size etc.
Its getting easier nowadays, more instruments data, better access to tech gadgets and internet, networking etc

I hope this random thoughts pass her msg

I refused to delete the 2015 screenshot. Find attached.

infofirst:
The best trade for this week is to buy USD. But impatience, refusal to make the charts our best friend. The lower tf, stubborn head and greed will make us do otherwise. God abeg give me patience this week to not do otherwise.

May the pips b with us all.

infofirst:



@charly20 lost of almost 8% to losing a chance of a challenge acct with me was one shock I experienced last year.I was following the progress until I saw the shock. I almost wanted to use my hands to stop the back to back losses....

PrinceofWallstr:
Currently im loving the thread.

Mirallas:

What timeframe do you trade?

charly20:


It still haunts me to this day. But it's the process, abi?
✊🏽