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Forex Trade Alerts: Season 23 - Business (53) - Nairaland

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Re: Forex Trade Alerts: Season 23 by EASYLIFE4US: 1:11pm On Feb 04, 2023
Galleryeasy:
Are you sure u are a trader? He totally made sense, survival is the key to consistency. The longer ur account survives the longer u are exposed to the tricks and matrix of the market which will make u become an experienced trader...I could remember when I acquired my first prop account, I blew it within 2 weeks cuz of bad risk management. I got the second and started risking 0.2% , I wasn't making much but I was happy .

We need to consider account variance, remember is a numbers game, so man needs to be disciplined and take your setups with good risk management. The more valid setups you take the more u allow the edge to play out... Let's not forget is a probability game .


My worst week ever since last 6months, lost 4%,
Lessons learnt: Trade according to ur plan, if u go against it, u will surely pay for that.

We move stronger ✌️💪

Survival is one of the by-products of being consistently profitable in the fx business. If you're always in survival mode then it means your strategy has no edge to take advantage of inefficiencies in price delivery mechanism of the fx market as nothing is perfect in this world including the fx market. If your trading style has no edge which is the primary key to becoming a successful trader, then your trading account, no matter how big or small will always be snacks for the sharks.
Happy weekend guys😅
Re: Forex Trade Alerts: Season 23 by Lanshile(m): 1:14pm On Feb 04, 2023
EASYLIFE4US:


Survival is one of the byproduct of being consistently profitable in fx business. If you're always in survival mode then it means your strategy has no edge to take advantage of inefficiencies in price delivery mechanism of the fx market as nothing is perfect in this world including the fx market. If your trading style has no edge which is the primary key to becoming a successful trader, then your trading account, no matter how big or small will always be snacks for the sharks.
Happy weekend guys😅
Try to learn from others man
Forex isn't a business where u form strong head

1 Like

Re: Forex Trade Alerts: Season 23 by GRIMMJOE(m): 1:14pm On Feb 04, 2023
Galleryeasy:
Are you sure u are a trader? He totally made sense, survival is the key to consistency. The longer ur account survives the longer u are exposed to the tricks and matrix of the market which will make u become an experienced trader... I could remember when I acquired my first prop account, I blew it within 2 weeks cuz of bad risk management. I got the second and started risking 0.2% , I wasn't making much but I was happy .

We need to consider account variance, remember is a numbers game, so man needs to be disciplined and take your setups with good risk management. The more valid setups you take the more u allow the edge to play out... Let's not forget is a probability game .


My worst week ever since last 6months, lost 4%,
Lessons learnt: Trade according to ur plan, if u go against it, u will surely pay for that.

We move stronger ✌️💪
What's prop firm, and how can I get it.
Re: Forex Trade Alerts: Season 23 by EASYLIFE4US: 1:18pm On Feb 04, 2023
Lanshile:

Try to learn from others man
Forex isn't a business where u form strong head

Instead of being evasive by insulting, why not bring your own argument to the table.
Re: Forex Trade Alerts: Season 23 by Piptocoin: 1:21pm On Feb 04, 2023
EASYLIFE4US:


Survival is one of the by-products of being consistently profitable in the fx business. If you're always in survival mode then it means your strategy has no edge to take advantage of inefficiencies in price delivery mechanism of the fx market as nothing is perfect in this world including the fx market. If your trading style has no edge which is the primary key to becoming a successful trader, then your trading account, no matter how big or small will always be snacks for the sharks.
Happy weekend guys😅

This is load of rubbish. No offense but do whatever floats your boat.

3 Likes

Re: Forex Trade Alerts: Season 23 by Piptocoin: 1:24pm On Feb 04, 2023
Happy new successful trading year, everyone. I see many of us are killing it. May our pip banks be fatter this year.

5 Likes 1 Share

Re: Forex Trade Alerts: Season 23 by EASYLIFE4US: 1:25pm On Feb 04, 2023
Piptocoin:


This is load of rubbish. No offense but do whatever floats your boat.

No offense taken but isn't it best you bring your argument to disprove my load of rubbish to the table?
Re: Forex Trade Alerts: Season 23 by Piptocoin: 1:34pm On Feb 04, 2023
GRIMMJOE:
What's prop firm, and how can I get it.

The question should be how you can participate in proprietary trading.

Re: Forex Trade Alerts: Season 23 by AK284(m): 1:35pm On Feb 04, 2023
meshpips:

TRADE A TITHE HAVE AN EASY FIGHT
This is the only money management counsel I give to people trading their personal (not funded) account.
Trade a tithe (one tenth) of your account such that the market needs to go against you one thousand (1,000) pips before your account crashes/implodes.
For every $100 capital, trade 0.01 lot size
For every $200 capital, trade 0.02 lot size
For every $1,000 capital, trade 0.10 lot size
Stick with major currencies only (the best of them averages less than 150 pips per day).
Take only one position.
That's it!


Hhmnnnm!
Easier said than done.
Re: Forex Trade Alerts: Season 23 by AK284(m): 1:38pm On Feb 04, 2023
Piptocoin:


This is load of rubbish. No offense but do whatever floats your boat.


Gbaa!
Original rubbish,I guess he doesn't understand the meaning of the word "Edge" self.
Re: Forex Trade Alerts: Season 23 by dmahn(m): 1:39pm On Feb 04, 2023
PIPSMARSHALL:
If you survived this week, Kudos to you smiley

Really, I thank God oo grin. This is the best week ever for me in the history of my trading experience. Remember I said the whole of Jan was tough and I lost $30. Just Feb 1-2 I made $22 back..I should have made more yesterday but Friday na breakeven day for me. Alhamdulilah

1 Like

Re: Forex Trade Alerts: Season 23 by Piptocoin: 1:41pm On Feb 04, 2023
EASYLIFE4US:


No offense taken but isn't it best you bring your argument to disprove my load of rubbish to the table?

A survivor will always live to tell the tale of the reckless person. When many accounts crash like plane on a rock, the survivor is the only witness.
Re: Forex Trade Alerts: Season 23 by Piptocoin: 1:45pm On Feb 04, 2023
AK284:



Gbaa!
Original rubbish,I guess he doesn't understand the meaning of the word "Edge" self.

A trader's greatest instinct is the survival instinct. Such trader will live very long in the markets. That is an edge in itself.

1 Like

Re: Forex Trade Alerts: Season 23 by Piptocoin: 1:53pm On Feb 04, 2023
abham:
There is a user that trades volume profile piptocoin or so, any idea if he has made a post in this thread?

boss, been a while. I trade using volume and spread of candles. Volume profile is another concept which is not a tool I use. Hope the markets are friendly.
Re: Forex Trade Alerts: Season 23 by EASYLIFE4US: 1:58pm On Feb 04, 2023
Piptocoin:


A trader's greatest instinct is the survival instinct. Such trader will live very long in the markets. That is an edge in itself.

I wish it was that easy
Re: Forex Trade Alerts: Season 23 by EASYLIFE4US: 1:59pm On Feb 04, 2023
AK284:



Gbaa!
Original rubbish,I guess he doesn't understand the meaning of the word "Edge" self.

I'm sure you feel great right now.
Re: Forex Trade Alerts: Season 23 by AK284(m): 2:03pm On Feb 04, 2023
Piptocoin:


A trader's greatest instinct is the survival instinct. Such trader will live very long in the markets. That is an edge in itself.


Bro you Sabi jare.
"Edge" definition in simple English.
If you a trader,you first assignment is to keep your account.
If you can do that, you are already close to success.

2 Likes

Re: Forex Trade Alerts: Season 23 by meshpips(m): 2:09pm On Feb 04, 2023
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

7 Likes

Re: Forex Trade Alerts: Season 23 by EASYLIFE4US: 2:21pm On Feb 04, 2023
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

I have lost 2.2 million naira recently because of Russia Ukraine war, then I was trading strictly usdjpy because the adr was low so I could afford to risk more... I have been blowing 500k accounts on at least 2 occasions before, my wife almost poisoned me because I once made 3500 USD, she begged me to close the trades and I refused claiming that it must get to 5k USD before I close and boom I blew that account a few hours later. I have been trading fx for the past 11 years and I still love the fx market despite all the accounts I have blown😅

6 Likes 2 Shares

Re: Forex Trade Alerts: Season 23 by Lanshile(m): 2:21pm On Feb 04, 2023
EASYLIFE4US:


Instead of being evasive by insulting, why not bring your own argument to the table.
Sorry man I don't have time for arguement

1 Like

Re: Forex Trade Alerts: Season 23 by GRIMMJOE(m): 2:28pm On Feb 04, 2023
Piptocoin:


The question should be how you can participate in proprietary trading.
Yes, how do I go about it, I saw this screenshot.

Re: Forex Trade Alerts: Season 23 by EASYLIFE4US: 2:30pm On Feb 04, 2023
Lanshile:

Sorry man I don't have time for arguement
Don't be sorry and no more insults

1 Like

Re: Forex Trade Alerts: Season 23 by meshpips(m): 2:31pm On Feb 04, 2023
EASYLIFE4US:


I have [b]lost 2.2 million naira [/b]recently because of Russia Ukraine war, then I was trading strictly usdjpy because the adr was low so I could afford to risk more... I have been blowing 500k accounts on at least 2 occasions before, my wife almost poisoned me because I once made 3500 USD, she begged me to close the trades and I refused claiming that it must get to 5k USD before I close and boom I blew that account a few hours later. I have been trading fx for the past 11 years and I still love the the fx market despite all the accounts I have blown😅

This is good for starters ! 2.2 million "pere"
You still try small. You go soon see better stories.
Just by the way side, around 2011 I lost about a million naira because I saw price at monthly s3. I kept adding to the losing position thinking I was buying at a discount. I continued until the account got blown!
Needless to say, I stopped using pivot points from that time.
These stories now sound funny but back then it wasn't funny at all.
The reward the market pays will make you appreciate all the pains of the past. The rewards far outweigh the pains.

6 Likes

Re: Forex Trade Alerts: Season 23 by GRIMMJOE(m): 2:33pm On Feb 04, 2023
EASYLIFE4US:


I have lost 2.2 million naira recently because of Russia Ukraine war, then I was trading strictly usdjpy because the adr was low so I could afford to risk more... I have been blowing 500k accounts on at least 2 occasions before, my wife almost poisoned me because I once made 3500 USD, she begged me to close the trades and I refused claiming that it must get to 5k USD before I close and boom I blew that account a few hours later. I have been trading fx for the past 11 years and I still love the the fx market despite all the accounts I have blown😅
Come and fund by trading account with $100, 50 percent profit return for 1 week.

Abeg somebody come fund me.

1 Like

Re: Forex Trade Alerts: Season 23 by EASYLIFE4US: 2:37pm On Feb 04, 2023
GRIMMJOE:
Come and fund by trading account with $100, 50 percent profit return for 1 week.

Abeg somebody come fund me.
Talk your own story 😂

1 Like

Re: Forex Trade Alerts: Season 23 by GRIMMJOE(m): 2:47pm On Feb 04, 2023
EASYLIFE4US:

Talk your own story 😂
Those that know, know my story.
Galleryeasy:
I hope u will not come and wail tomorrow"it's scam" After trading news cheesy. Indeed your balls is made of steel.
depato88:




grin wetin i dey See?.....you cried and wail when u blew your 2 dollar acct come say forex na scam..lolz hope say no be dream i dey dream
karkinase:

Shebi na you say forex be scam before
Re: Forex Trade Alerts: Season 23 by EASYLIFE4US: 2:53pm On Feb 04, 2023
GRIMMJOE:

Those that know, know my story.



Ok
Re: Forex Trade Alerts: Season 23 by charly20(m): 3:01pm On Feb 04, 2023
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


Almost lost my mind last year when my trade moved from +8% to -ve % when i almost won meself a prop account. Took a while before I moved on.

Lost another challenge as this year just begun. Dealt with the pain of failure again but this time faster than the previous one. It just means there's still a lot of work to do.

It's a long journey and at some point demo traders will have to put some skin in the game so they know where still needs fixing.

WAGMI still.

1 Like

Re: Forex Trade Alerts: Season 23 by meshpips(m): 3:07pm On Feb 04, 2023
charly20:



Almost lost my mind last year when my trade moved from +8% to -ve % when i almost won meself a prop account. Took a while before I moved on.

Lost another challenge as this year just begun. Dealt with the pain of failure again but this time faster than the previous one. It just means there's still a lot of work to do.

It's a long journey and at some point demo traders will have to put some skin in the game so they know where still needs fixing.

WAGMI still.

Nice!
Re: Forex Trade Alerts: Season 23 by EASYLIFE4US: 3:10pm On Feb 04, 2023
meshpips:


This is good for starters ! 2.2 million "pere"
You still try small. You go soon see better stories.
Just by the way side, around 2011 I lost about a million naira because I saw price at monthly s3. I kept adding to the losing position thinking I was buying at a discount. I continued until the account got blown!
Needless to say, I stopped using pivot points from that time.
These stories now sound funny but back then it wasn't funny at all.
The reward the market pays will make you appreciate all the pains of the past. The rewards far outweigh the pains.

Yeah the market do reward perseverance and all the pains in the past become experiences you share with others.

2 Likes

Re: Forex Trade Alerts: Season 23 by PIPSMARSHALL: 3:15pm On Feb 04, 2023
What has trading taught you so far?

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