MrCuteking:
Experience does not teach you how to master the art of trading, it only teaches you that trading is filled with probable outcomes. If you’ve spent 5+years and still looking for how to beat the market, you’re not different from a newbie trader who just started to click the buy and sell button.

Trading profitably is not completely a function of time and experience, it’s a function of understanding that the outcome is probable.

When you understand this, you will only take trades that fits your model and with good risk management.

If your psychology is poor, you can spend 40years still studying the market and remain unprofitable.

I agree with you that trading is a function of acknowledging probable outcomes but I respectfully disagree with you on the bolded both in trading and in business in general.

There are great traders who never made money till their tenth year of trading. https://www.brookstradingcourse.com/support-forum/how-long-to-become-profitable/how-long-will-it-take-me-to-become-profitable/

Saying that such a trader is no different from a newbie trader learning to click buy and sell is an ignorant thing to say

That's like saying someone trying to become a great businessman who has made no money from his store or business after five years is a person who needs to relearn the basics of the business - https://www.inc.com/drew-hendricks/5-successful-companies-that-didn-8217-t-make-a-dollar-for-5-years.html

Successful businesses even go on dry spells. Sony did not make a profit for five years...should they have closed up shop?
https://www.gamedeveloper.com/business/sony-s-first-profit-in-five-years-no-thanks-to-playstation

The same way there are many factors that cause success or failure of a business is the same way these things will apply to trading

Even away from trading, there are great lawyers or doctors or sports coaches who never came to the spotlight until their 10th or even 20th year of doing the same activity.

Arrigo Sacchi had been coaching for a good 14 yrs before he got his big break with AC Milan.
https://en.m.wikipedia.org/wiki/Arrigo_Sacchi

Jurgen klopp coached for 7 years before he got his big break with Dortmund.

Even in the Bible, Joseph was in prison for a good 13 years before God decided to uplift him

Do your thing and work on improving yourself

Life is a solo race at the end of the day.

Happy New week Guys

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https://maventrading.com/ref/845/

Good morning traders. Happy trading week, trade safely.

I'll make a return to trading by the end of the year.

Giving up was never an option.

Donsheddy:
Good Morning Happy New Week, May this week be in our favor

Gbpusd bought this morning

Entry 25210
Sl 24750
Tp 25610

Bossman what happens let's say you hit your weekly profit target in 2 days? Do you avoid trading for the rest of the week?

seeteazain:


Bossman what happens let's say you hit your weekly profit target in 2 days? Do you avoid trading for the rest of the week?

Yes but I've adjusted my trading pattern in a way i trade everyday... Except in a day when i see no clear direction

GabsonFX2:
US30 Mid-day Update

US30 Short currently at -231 pips and will leave to run until today's close, it should do whatever it wants to do - Cycle trading style activated. Cycle 1: Trade 1. I love what I see from here, if today closes above 34641.3X, I will close this short and swing long but at today's close...Cycle 1: Trade 2 would be triggered by today's close.

Morning boss..
Is this trade in your prop account boss

I think bulls have a business with 34825

Is it because of Drawdown? Dont worry I think it has got to the bus stop, I am expecting the down move from this hour, my view.

Donsheddy:


Morning boss..
Is this trade in your prop account boss

I think bulls have a business with 34825

How do I know it's a upward bias or downward bias.
I have been having issues on knowing when it's likely going up or down

Can someone help explain pls.


@infofirst any clue for me?

friendbee:
Is it because of Drawdown? Dont worry I think it has got to the bus stop, I am expecting the down move from this hour, my view.

E huge...
I no sure say prop account fit carry that one without violating

Good morning my fellow Fx Traders.
It's a new week and a new day, I pray may today's market and this week's trading Favour all of us.

Na overload my brother.

Donsheddy:


E huge...
I no sure say prop account fit carry that one without violating

raphemmanuel:
Good morning my fellow Fx Traders.
It's a new week and a new day, I pray may today's market and this week's trading Favour all of us.

Raph, how US30 go do this week?

GabsonFX2:
Morning brother, yes my prop........ scared, me that I'm just about to close laptop, go to bed for the next 7 to 8hrs sleep, then wake up shower, and to my job for another 8 to 10hours.......except to peep during break I no even send am sef.

By today's close, I will see where price is and activate. Yes, if above 34641.3X, I swing it.

Okay bro....
Would love to learn how you manage such high risk...
Cus 23k is 5.1% of 400k account size...
I. No go fit sleep na

Cashhy11:
Profitable week ahead, and profitable learning week for we the beginners too. Spent the whole week reading a blog of people(a foreign blog) lamenting how they regretted ever knowing about FX.
I only did that to prepare myself for the worst to come.

GU just dey swing like a clock pendulum. I made a mistake while listing my today signals, got a buy-limit on CHFJPY, and another buy-limit on USDCHF. Didn't even crosscheck that I had two counter trades before going offline, only to come back online and saw the two already activated and running against one another.

I had to quickly exit the CHEJPY, I checked the chart and saw it almost even hit my TP of 30pips before doing a reversal. I closed it with just 5pips gain or thereabouts.

I'm heavily invested in the USD today already, had to take the risk of closing the CJ instead. I hope I chose the right one though.

Cashhy11:
GU just dey swing like a clock pendulum. I made a mistake while listing my today signals, got a buy-limit on CHFJPY, and another buy-limit on USDCHF. Didn't even crosscheck that I had two counter trades before going offline, only to come back online and saw the two already activated and running against one another.

I had to quickly exit the CHEJPY, I checked the chart and saw it almost even hit my TP of 30pips, closed it with just 5pips gain or thereabouts.

I'm heavily invested in the USD today already, had to take the risk of closing the CJ instead. I hope I chose the right one though.

Why you wicked na 😫😫😫😫
I buy gu... You rush sell am to clear my money 😫
Na why dmahn talk say forex traders na thieves 😂😂

Donsheddy:



Why you wicked na 😫😫😫😫
I buy gu... You rush sell am to clear my money 😫
Na why dmahn talk say forex traders na thieves 😂😂

With the look of things brother, it's more on your side than it is on mine. I'm -4.6 pips down atm. So hypothetically, you're the wicked one .

Donsheddy:


Yes but I've adjusted my trading pattern in a way i trade everyday... Except in a day when i see no clear direction

Alright thanks

Donsheddy:


Okay bro....
Would love to learn how you manage such high risk...
Cus 23k is 5.1% of 400k account size...
I. No go fit sleep na

Hummmm.

US30 sold @ 34736

lordofstrings:
How do I know it's a upward bias or downward bias.
I have been having issues on knowing when it's likely going up or down

Can someone help explain pls.


@infofirst any clue for me?

Na jamb question you asked o.

I will recommend you visit learntotradethemarket.com to go tru as many articles as possible provided you have passed tru baby pips already. If still unclear after that. Get back

Good morning my Fam.

I'm selling gbpusd and eurusd this morning.

infofirst:


Na jamb question you asked o.

I will recommend you visit learntotradethemarket.com to go tru as many articles as possible provided you have passed tru baby pips already. If still unclear after that. Get back

Thank you very much

infofirst:


Hummmm.

The story no clear....
The risk and managing no just align...
Except say the account na 4million funded😫
God when 😫😫😫

I think it's going to be bullish.my bias though

Jesusmyking:
Good morning my Fam.

I'm selling gbpusd and eurusd this morning.

Cashhy11:
GU just dey swing like a clock pendulum. I made a mistake while listing my today signals, got a buy-limit on CHFJPY, and another buy-limit on USDCHF. Didn't even crosscheck that I had two counter trades before going offline, only to come back online and saw the two already activated and running against one another.

I had to quickly exit the CHEJPY, I checked the chart and saw it almost even hit my TP of 30pips before doing a reversal. I closed it with just 5pips gain or thereabouts.

I'm heavily invested in the USD today already, had to take the risk of closing the CJ instead. I hope I chose the right one though.

Something crazily funny just happened now. I checked my chart to see if my decision to dump the CJ for UC was the right call and was initially happy I made the right call, little did I know I would have even made the better call if I'd left the both trades running and not dumping either because after dumping the CJ, CJ moved bullish over 30pips to my direction even above my TP.

The crazy thing here now is, CHF is weak against the USD but strong against the JPY. Wow, we learn everyday and the glad thing there for me is, it proved that my calls are astonishing. Our learning curve has been fantastic!

Ibrahimlagosian:
I think it's going to be bullish.my bias though

This one wey Ibrahim follow me dey bullish on gu heyyyy....
Make i go close my trade asap 😁😂😂😂

Donsheddy:


This one wey Ibrahim follow me dey bullish on gu heyyyy....
Make i go close my trade asap 😁😂😂😂

Lol

Donsheddy:


This one wey Ibrahim follow me dey bullish on gu heyyyy....
Make i go close my trade asap 😁😂😂😂