NetValueFX:

Sure, one needs a bigger capital for swing trading. However, if ECN is the type that FXTM do offer, it's better one use betnaija as broker.

That FXTM na very useless broker....be like say na the same people dey run alpari....
Everything about them na the same thing......
Their spread is nothing to write home about.....

NetValueFX:

Sure it's same pattern. However, it's required different dedication. A H1 trader would spend more time on screen than D1 and W1 trader. That could lead to frustration faster and wearing out too.

GBAM!!!

NetValueFX:

Sure it's same pattern. However, it's required different dedication. A H1 trader would spend more time on screen than D1 and W1 trader. That could lead to frustration faster and wearing out too.

But se you go prefer to make the 5% profit weekly or monthly?.....also some traders wey dey trade on smaller frame no dey look chart hour by hour...maybe once in 4 hours dem go enter market...look for entry...if dem get trade put stop loss dey monitor am every 3 to 4 hours...

Feshizzy:
Let's do small here,
Who makes a living fully on forex here.
I mean full time trader , not selling strategies or building system.

Like its been what now? 10 years in FTA
We should have at least a full time trader not taking forex as a side hustle by now.

Atleast with a trader explorer to prove as well.

Dem dey but dey no go wan talk...

VlamesIffect:


But se you go prefer to make the 5% profit weekly or monthly?.....also some traders wey dey trade on smaller frame no dey look chart hour by hour...maybe once in 4 hours dem go enter market...look for entry...if dem get trade put stop loss dey monitor am every 3 to 4 hours...

I trade H4 and I make up between 25%-60% per month. It all depends on how one milks his strategy. A single trade could give me as much as 200pips. Some months I make as much as 5000pips. That been said some people trade 15minutes, I doubt if such a person would not be looking at the chart every 1hour

VlamesIffect:




That FXTM na very useless broker....be like say na the same people dey run alpari....
Everything about them na the same thing......
Their spread is nothing to write home about.....

Yes, actually the people that run fxtm came from Alpari New Zealand. I was with Alpari NZ back then when they moved us to FXTM. So na the same format.

NetValueFX:

I trade H4 and I make up between 25%-60% per month. It all depends on how one milks his strategy. A single trade could give me as much as 200pips. Some months I make as much as 5000pips. That been said some people trade 15minutes, I doubt if such a person would not be looking at the chart every 1hour

For this statement u made, I don't care what anyone says or feels, as long as I am concerned I consider u a professional trader ✔️

NetValueFX:

Yes, actually the people that run fxtm came from Alpari New Zealand. I was with Alpari NZ back then when they moved us to FXTM. So na the same format.

I have experience using the standard & cent account, yea the spread is an apology, very disappointing to say the least, a disastrous experience. I saw price ceased for 30 mins to 2hrs whereas in other brokers prices have moved, on numerous occasions.

I don't know much about the ECN account, do u have experience using thier ECN account?

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⚓ CURRENCY INDEX ⚓

VeeVeeMyLuv:

I have experience using the standard & cent account, yea the spread is an apology, very disappointing to say the least, a disastrous experience. I saw price ceased for 30 mins to 2hrs whereas in other brokers prices have moved, on numerous occasions.

I don't know much about the ECN account, do u have experience using thier ECN account?

Yes, there is no applaudable difference between there standard account and there ECN account. Do you know that I will place same trade and same lot in FXTM and another broker, the trades will run for same period and I will be seeing swap like 3 times the value of swap from the other broker. That been said, I will be making almost 1.5x the same profit I am making on fxtm.
That was why I told someone here that was looking for a good broker to practice to face the bad brokers. FXTM actually gave me the confidence that I am now a successful trader.

VeeVeeMyLuv:

For this statement u made, I don't care what anyone says or feels, as long as I am concerned I consider u a professional trader ✔️

Hahaha... I don't consider myself a professional trader. I consider myself a profitable trader. A professional trader must always use STOP LOSSES, I don't use stop loss, and don't consider using it in the future.
Professional traders work according to a lot of rules and regulations. I do run up to 100 trades at once sometimes. Professional traders wouldn't do that. Though I am beginning to cut down a little after some suggestions from Ilovebignyash .However, I still run more than 50 trades in a good week.

NetValueFX:

Hahaha... I don't consider myself a professional trader. I consider myself a profitable trader. A professional trader must always use STOP LOSSES, I don't use stop loss, and don't consider using it in the future.
Professional traders work according to a lot of rules and regulations. I do run up to 100 trades at once sometimes. Professional traders wouldn't do that. Though I am beginning to cut down a little after some suggestions from Ilovebignyash .However, I still run more than 50 trades in a good week.

okay that's nice

GabsonFX:
Guys, when you are making analysis, it is OK if it does not go as planned...Pls make it a norm to update your analysis with the outcome loss or profits, not keeping mute when it hits SL or goes negative but announcing when it makes +ve pips. I have watched this pattern repeat here on several occasions. Many get easily deceived by this act.

I sent a mail Mr. Gabson, please check.

@copyjoe, I sent one to you too. Please check

Kaesyrn:


Taking the ride downhill back to S1 SUPPORT at 1.3800

Would enter a buy during the morning before GBP news comes in...

Expecting a positive forecast tomorrow when BoE speaks,

So GBP might be hawkish...

Meanwhile sjosephburns describes his own perspective to trade which I simultaneously follow too...

And we're on another ride today...

Expecting price to make it to 1.3900 which it failed to yesterday...

Price is going to retest 1.3830/40 and I'm gonna be stacking from there if it even goes lower...

⚓ DXY going down the hill 〽

Wish me luck

NetValueFX:

Yes, actually the people that run fxtm came from Alpari New Zealand. I was with Alpari NZ back then when they moved us to FXTM. So na the same format.

I talk am.....

NetValueFX:

Yes, there is no applaudable difference between there standard account and there ECN account. Do you know that I will place same trade and same lot in FXTM and another broker, the trades will run for same period and I will be seeing swap like 3 times the value of swap from the other broker. That been said, I will be making almost 1.5x the same profit I am making on fxtm.
That was why I told someone here that was looking for a good broker to practice to face the bad brokers. FXTM actually gave me the confidence that I am now a successful trader.

E be like say most of all these 9ja naira account brokers get this spread issues....or you sabi any sensible naira account broker with goood spreads? Because as at now e b like say na to dey trade in naira account sure pass since person no trust our exchange rate again....
Make person no go buy dollar 500#/$ after 4 months withdraw to 480#/$ come make loss untop.....

NetValueFX:

Hahaha... I don't consider myself a professional trader. I consider myself a profitable trader. A professional trader must always use STOP LOSSES, I don't use stop loss, and don't consider using it in the future.
Professional traders work according to a lot of rules and regulations. I do run up to 100 trades at once sometimes. Professional traders wouldn't do that. Though I am beginning to cut down a little after some suggestions from Ilovebignyash .However, I still run more than 50 trades in a good week.

You no dey use stop loss chai......i pray to get that kind confidence o...abi you be scalper or major swing trader?

Kaesyrn:


And we're on another ride today...

Expecting price to make it to 1.3900 which it failed to yesterday...

Price is going to retest 1.3830/40 and I'm gonna be stacking from there if it even goes lower...

⚓ DXY going down the hill 〽

Wish me luck

I was soo impatient,Closed stacked trades at 20 pips TP

Heading for 1.3900, but I would close at 1.3890 if price doesn't reach 1.3900 before 12pm

VlamesIffect:


You no dey use stop loss chai......i pray to get that kind confidence o...abi you be scalper or major swing trader?

I am a swing trader. Test your strategy for a very long time. Find out the worst it has down in terms of drawdown and know how to filter it.

VlamesIffect:



E be like say most of all these 9ja naira account brokers get this spread issues....or you sabi any sensible naira account broker with goood spreads? Because as at now e b like say na to dey trade in naira account sure pass since person no trust our exchange rate again....
Make person no go buy dollar 500#/$ after 4 months withdraw to 480#/$ come make loss untop.....

Lol... That naira account thing dey do me somehow for eye. The thing just dey big like say na better money. One guy post screenshot of 50,000 profit for one group like that we almost fainted. To make matter worse, the guy post am go offline only to come back later and tell us is naira account.
Some people wan beat am .

On the spread issue, most brokers with Nigerian offices are quite insincere. Maybe they feel we don't have regulations here for that.

NetValueFX:

Lol... That naira account thing dey do me somehow for eye. The thing just dey big like say na better money. One guy post screenshot of 50,000 profit for one group like that we almost fainted. To make matter worse, the guy post am go offline only to come back later and tell us is naira account.
Some people wan beat am .

On the spread issue, most brokers with Nigerian offices are quite insincere. Maybe they feel we don't have regulations here for that.

But se e no better to trade in naira ni...make person know say if e deposit 100k till tomorrow e go still be 100k...las las na to just record how much the 100k be for dollars so as he go know how to dey manage him risk.

Anyway me still dey find sensible naira account broker wey dey alright....i see say hot forex dey alright but i still gaz do my findings.

NetValueFX:

I am a swing trader. Test your strategy for a very long time. Find out the worst it has down in terms of drawdown and know how to filter it.

Se na pure price action you dey trade or indicators?

VlamesIffect:





But se e no better to trade in naira ni...make person know say if e deposit 100k till tomorrow e go still be 100k...las las na to just record how much the 100k be for dollars so as he go know how to dey manage him risk.

Anyway me still dey find sensible naira account broker wey dey alright....i see say hot forex dey alright but i still gaz do my findings.

I think octafx or insta has naira acct.
There is this guys too, 7bforex.

highcurrent:
I think octafx or insta has naira acct.
There is this guys too, 7bforex.

Thanks......
Eversince insta forex get licence issue back them i no trust them again.... Make i go check that 7bforex....
I doubt say octa get naira account.....

highcurrent:
I think octafx or insta has naira acct.
There is this guys too, 7bforex.

Insta has third party agent in Nigeria,
Alpari, fxtm, hotforex you fund your account directly without need of third party agent.

I stand corrected though

VlamesIffect:


Se na pure price action you dey trade or indicators?

Basically trend lines, EMA and OSMA. Though OSMA not used for entry. I mostly use it to confirm when I am to exit a trade, or whether I am to hold on a little more.

highcurrent:
I think octafx or insta has naira acct.
There is this guys too, 7bforex.

Instaforex is actually worse than FXTM. Rubbish price feed, rubbish everything in short.

NetValueFX:

Instaforex is actually worse than FXTM. Rubbish price feed, rubbish everything in short.

lol. Guy, like this people don play with your emotion before??

NetValueFX:

Basically trend lines, EMA and OSMA. Though OSMA not used for entry. I mostly use it to confirm when I am to exit a trade, or whether I am to hold on a little more.

Okay...but how you come take dey place 50+ trades a week on H4? people wey i dun c wey dey trade bigger frames no dey too enter plenty trades like that....

NetValueFX:

Instaforex is actually worse than FXTM. Rubbish price feed, rubbish everything in short.

Oh 0h...i sabi them dat year with ironfx.

Iron fx still dey sef?

NetValueFX:

Instaforex is actually worse than FXTM. Rubbish price feed, rubbish everything in short.

Abeg what broker you recommend?
How you reason hotforex?

Yes indeed most traders i know dey complain about Alpari, insta..

Most are on Robo, ic markets, fbs, pepperstone.

But i dey prefer broker wein i fit transfer to them directly. Just to avoid those exchange rate values or having to use neteller or skrill accounts