charly20:



My aim wasn't to even make profit yet but to outrightly blow the account but not with nonchalance. I tried different strategies, traded limited pairs( something i won't advice a swing trader ), watched videos and what not.

What blew the account was the pairs i have now come to love and understand--- Gold,oil and Nasdaq . Ic.market's minimum lot size for those assets were between 0.5 and 1 (imagine that for $200 )

I ran the account up to $800 and was feeling fly (with dangerous lot sizes, how foolish! ). Before the next day, the account balance was $57. Naim my body cool down.

In those six months, I felt the excitement from seeing plenty profit to the frustrations from losses and limited pairs to the humility of managing account small small.

I'm still progressing anyway but small small, we go dey alright.

VlamesIffect:


Indicators keh? i dun stop using indicators from my binary options days...pure P A. the issue was i was trading reversals instead of following the trend. & If my SL never hit i no go leave the trade...i gaz learn about mental stop loss & hard stop loss..+partial profits..

VlamesIffect:
Who sabi this Jeffery benson Forex trader?....the guy dey actually make profit or na just fronting?

kozmicity:


Funny how people ignore stop losses

kozmicity:


Aje... So, no be only me start from binary options. A real comrade

DestinyDjohn:



The guy dey make real profit ...he post both profit and losses

Zowee10:


He is making profit. Asin real profit.....

rainlover:

It's normal sha. Nobody likes to lose money. They want to make money with losing a dime. After they must have blown multiple accounts, their brains will reset we have all had our own fair share of the cake

rainlover:
Why is the XAUUSD Spread this high?

VlamesIffect:


Comrade wey dun trade 1 min chart for 90% profit

kozmicity:


I actually thought I'd buy a porshe in 3 months... Move my family abroad after 1 year. SMH

Dreams truly are for the ignorant

GarkiAccessory:

Exactly,

That is just it

There is no sure banker, certainty, constants

It is a game of probabilities to some extent.

kozmicity:


I think because it's a micro account... Try opening a cent demo account and place trades. It could be that the spread is 2 or 20 but looks multiplied just like the way your deposit was multiplied.

kozmicity:


I actually thought I'd buy a porshe in 3 months... Move my family abroad after 1 year. SMH

Dreams truly are for the ignorant

rainlover:
XAUUSD Moves real smooth on the 4hrs to daily timeframe

kozmicity:


So true. Though I'm sad it took me this long to know market psychology. I've been trading since 2018(demo). I'm YouTube schooled but the most I heard about market psychology from other traders was "cut your losses short but let your winners run" "do not be greedy" " don't let your emotions rule you" "trade in the moment"...e.t.c

But none of them ever said how... Shocking isn't it?

dotunibrahim7:
I noticed that too. But is it okay to take entries on the HTF

VlamesIffect:


For this business... all man for himself. fx na the practical definition of ON YOUR OWN.

rainlover:
I'm considering dumping BTCUSD for XAUUSD.
BTCUSD price manipulation and volatility is alarming

kozmicity:


Dorime...

Kaesyrn:
100 Pips today on XAUUSD, I really want to take this

Kaesyrn:


Trading really is easy if you know your onions,

Gold dumped 100 pips down and the impulse is even more...

I sneaked some entries upon the pump

Pictures later though

Modified!

charly20:



I think selling is done. I'm looking to swing long tomorrow.

rainlover:
it depends on the kinda trader you are. I make entries with the 1D time frame

Kaesyrn:


Could you pick up an entry chief ?

dannyfxNEMESIS:
DannyFX2638 and ogashman, your cup shall run dry, chaos, teeth gnashing day and night in your home