MrBroke:



In depends on your equity, which is the secret of spread betting, wholesale traders control the market, retail traders are like retracement in a trend. The more your equity the more your position holds

Good. Now, the actions of the wholesale traders who you said control the market, shebi they're reflected on the charts? For instance if they are buying, the chart will be showing uptrend and vice versa?

MrBroke:




CFDs the basic word for what you guys are doing is a gamble, you all just gambling, the market is controlled by wholesale traders and hedge funds carrying out inside trading. Some of you might be lucky though some times but on the long run you are 100% bound to lose your money, how the Bleep do you think your broker makes money, not just from spread but cause 99% traders lose their money gambling but suger coat the word to speculating or trading, I ain't discouraging nobody just saying the truth

You see how Ignorant you are. So why are this hedge funds losing. You said hedge funds control the market. You will be wondering how mumu you are

Kaybee7000:
Seems those replying don't get work to do, can't u guyz go back to board and draw next week anaylese and leave this dude?

Let the guy be abeg, u just dey disturb us here with this argument, let him say his mind and rest and to you Oga gambling trader, we don hear sir, really grateful, u can rest now sir

Bros nairaland dey like our naija google. People wanting to trade, coming in here could help them achieve directive, knowledge, experience, motivation u name it. Alot of people started here and so far so good it has been challenging, but it's all worth the process because now few of them have been able to find their ground all thanks to this forum and this thread.

Now these newbies coming in here and seeing the trash posted here by that *diot and nobody to dispute his claim, will leave a negative energy on their morale and passion for the skill.
Bro I get your point o but for the sake of the newbies, this argument has to be printed here on this thread

[quote author=Englishisamust post=111177077]

So this people too are also gambling. If you have advantage to meet one of this manager you will also tell them they are gambling that they should go and learn a skill. Enjoy your Ignorance


In the next 2 years I bet, all of you would have understood what am saying then, have met a lot of people like you guys. I love insults though so they can keep coming. You all on nairaland abi?

[quote author=MrBroke post=111177631][/quote]

Okay bro.

Englishisamust:


You see how Ignorant you are. So why are this hedge funds losing. You said hedge funds control the market. You will be wondering how mumu you are

You don't understand the financial market so be decieved by what you hear or see. Most of you don't understand what you know

charly20:
For the new week.

Last week's candle failed to make a new low giving us an indication of likely trend reversal which I'd accept if 14390.5 is compromised. From the weekly picture, any long position for the next few weeks would likely stop at the Qml zone at 15880.

Let's keep our fingers crossed.

Back to this analysis right here.
We had it this week. I'll be watching out next week for longs at 13000.

Let's have a productive weekend.

MrBroke:


You don't understand the financial market so be decieved by what you hear or see. Most of you don't understand what you know

Okay you are right

MONEY247:


Trade silver...(XAGUSD).... ..and thank me
later......
Or WTI..
MAke sure you account is large..... anyways

What of oil money?
Can $200 account trade it comfortably?

MrBroke:



So because I don't believe in the hustle I am now a bad person, I don't play bet9ja and I pity those playing it, they also make money from it isn't it, if you tell those playing it that they are just wasting their energy, they will say the same thing you are saying now. I know you do think am killing your vibe or bringing negatively to your hustle but I ain't. You are contradicting yourself with terms you don't know, did I say only when you lose money is when your brokers make money or you jump reading my text, you make money only when you win.

U can't kill my vibe for this hustle. I don chop from this hustle Belle full so ur misguided thoughts are inconsequential. Keep ur ideas to ur disciples don't come here to misinform newbies who are here to genuinely learn.

[quote author=MrBroke post=111177631][/quote]

What you need is to relearn everything about forex.

Definitely

Fxwarrior:


What of oil money?
Can $200 account trade it comfortably?

It can bro....
The last time I traded that asset..... The minimum lot size....is .. 0.10....( I don't know if that would meet your risk appetite)...

But the pip value is waoh......

Richardio:
Definitely

Oil seems more appealing. Silver has a choppy movement. Much spikes. Not my type.

MONEY247:
It can bro....
The last time I traded that asset..... The minimum lot size....is .. 0.10....( I don't know if that would meet your risk appetite)...

But the pip value is waoh......

You mean oil? I could demo trade it and start live by July.

karkinase:
Who sold the lie that forex trading can be done part-time; fam it’s a full time job on its own. Entering managing and exiting positions don’t come cheeky.
Mehn forex na job oo and I’m treating it as that going forward

Not really. I do it part time. Are you a scalper?

GreatestManEver:
Lool how una Dey do this swing thing?
Day trading abeg

True. I am not that patient to wait for months and see my profits turn to losses.

Fxwarrior:


You mean oil? I could demo trade it and start live by July.

Yea..bro

One thing I know about oil is that
Fundamental analysis before technical analysis

Fxwarrior:


Oil seems more appealing. Silver has a choppy movement. Much spikes. Not my type.

Fxwarrior:


Not really. I do it part time. Are you a scalper?

Scalper sw**ger..

Bro I wish you can tell me when Aussie was doing 200pips a day I want to check something. In BTW, have been trading since 2004

Fxwarrior:


Audusd is a good pair but forex has lost it volatility that attracted me to it many years ago. It's dull movement now. Those days you could get 200 pips movement in a single day but now, you have to wait for 2-3 days to get 100pips.

I see that volatility in gold now. I get to see my money immediately I enter a trade.

Guy you be werey for real.

I dey feel you though, cos you are spitting facts but a discipline trader can be in the 1% bracket but how many discipline traders do we have

MrBroke:



I did not fail dude, and sorry but you can't win and sorry again its not a business

MrBroke:


You don't understand the financial market so be decieved by what you hear or see. Most of you don't understand what you know

So can you educate us a bit about financial markets.

ire803386:
Guy you be werey for real.

I dey feel you though, cos you are spitting facts but a discipline trader can be in the 1% bracket but how many discipline traders do we have

I swr ..pure facts but he didn't present the message well... everything he said is 100 percent..even in gambling there are people that still make insane money on a steady....but forex in itself is not...cfd is not gambling...if not for cfd, 99% of us no go fit trade forex or some intl stocks... because of the high capital for requirement..... everything for this life get leaderboard trust me...you think something is difficult there are pple doing it effortlessly....

Fxwarrior:


What of oil money?
Can $200 account trade it comfortably?

Greetings, do you think a $100 account can trade gold comfortably on a 0.2lot size

rhynoemmie:


Greetings, do you think a $100 account can trade gold comfortably on a 0.2lot size

50 pips move against you, your account is gone. Note that the 50 pips is just $5 move and gold moves average of $25 daily.

Instead of 0.2, use 0.02 so that you'd have $50 back up to withstand the daily average move of $25.

zonall:


Greetings bro.

First of all, your account must be fairly funded, check the margin requirements for the smallest position size of BTCUSD with your broker and you would understand why.

... before you enter any trade, wait for a break of structure, confirm the trend and enter only after successful retest with rejection of the opposite trend of that confirmation.

...adhere STRICTLY to your planned risk management as this instrument is very volatile.

...I love XAUUSD, but, prefer trading GBPUSD. If an account is minimally funded, I use AUDJPY as a ventilator till it starts breathing on its own...lol.

BTCUSD na cruise for me, once in a while, I use it to finetune my strategy...Cheers.

all right

Elliotwaveforec:

50 pips move against you, your account is gone. Note that the 50 pips is just $5 move and gold moves average of $25 daily.

Instead of 0.2, use 0.02 so that you'd have $50 back up to withstand the daily average move of $25.

Ok thank you. But what if I up it to $200

rhynoemmie:


Ok thank you. But what if I up it to $200

Still keep it @ 0.02 because of the volatility of the asset.

If you are into forex trading,you can get $500 into your real account and trade with it,the profit you make from it ,you can withdraw it.If you need it send your email address to this number WhatsApp number 0.9.0 99/3.5/3.5 8 7

Happy sunday fam.

Who will teach me forest trading?

GabsonFX:
Update on my 2nd call on gold swing.

Trade now closed at 240pips, doubled up from the 1st trade.....@pablo 9090, I hope you see why your balls should not be affected by a single loss...

This is the power of trade swing I wanted to show for today.....goodbye to everyone here!