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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts: Season 23 (539067 Views)
Forex Trade Alerts: Season 22 / Forex Trade Alerts: Season 21 / Forex Trade Alerts: Season 20 (2) (3) (4)
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Re: Forex Trade Alerts: Season 23 by HumbleTrader: 6:54pm On Feb 23, 2023 |
Jameselias:Nice, gamblers have been eliminated. But do you know if synthetic is allowed, thinking of trading them Weekend instead of waiting for monday. |
Re: Forex Trade Alerts: Season 23 by Jameselias: 7:11pm On Feb 23, 2023 |
HumbleTrader: Their broker don't offer synthetic so no Synthetic is not an asset it's only offered by deriv. 1 Like |
Re: Forex Trade Alerts: Season 23 by Maroka5(m): 7:16pm On Feb 23, 2023 |
Kaybee7000: Edit: BigPip funding is a scam prop firm company. Be warned pls MyFundedFX, BigPip funding, Finotive funding..these are prop firms that have removed time limit from their challenges. So you can trade at your own pace, no need to rush, no need to change your style of trading. Prop firms are good because you can use them to raise big capital for your personal account. 5 Likes |
Re: Forex Trade Alerts: Season 23 by Maroka5(m): 7:28pm On Feb 23, 2023 |
hateshit: If you're referring to MFFX (MyFundedFX), go for the 2 step challenge. The 1 step challenge has a disadvantage of 6% trailing drawdown. ie if you begin trading, and you start making profit, the 6% DD trails as you close trades in profit. If your balance or equity goes back down to hit 6% loss, you'll lose the account. I don't know if it's clear enough for you. |
Re: Forex Trade Alerts: Season 23 by Elliotwaveforec: 10:01pm On Feb 23, 2023 |
Long EU 599 SL 570 TP 770 Modified: Closed in red (29 pips) 1 Like |
Re: Forex Trade Alerts: Season 23 by FXcandles(m): 12:55am On Feb 24, 2023 |
Oil price rising back near middle band line. The Bands seems narrowed measure low volatility. Bad news citing to Oilprice, Rising Energy Prices Are Pushing Millions More People Into Poverty. Recent study found that between 78 million and 141 million people around the world could be pushed into extreme poverty by rising energy prices. Estimates suggest high energy prices have led to an increase in overall household expenditure of between 2.7% and 4.8%. 1 Like
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Re: Forex Trade Alerts: Season 23 by Proudpolygamist: 7:35am On Feb 24, 2023 |
Maroka5: Another problem is the daily DD that is drawn based on equity. Which of these propfirms that you've listed draws their DD based on balance lik ftmo biko? |
Re: Forex Trade Alerts: Season 23 by Proudpolygamist: 7:37am On Feb 24, 2023 |
Maroka5: I hope he understands that the DD is based on equity |
Re: Forex Trade Alerts: Season 23 by OfficialP: 9:30am On Feb 24, 2023 |
Proudpolygamist: |
Re: Forex Trade Alerts: Season 23 by Maroka5(m): 10:18am On Feb 24, 2023 |
Proudpolygamist: Edit: BigPip funding is a scam prop firm company. Be warned pls BigPip's 1 step challenge has a static DD of 5% of the initial account balance. No daily equity or balance based DD. As you make your profits, you can keep on compounding your account. This is good for swing traders, as you won't have to worry about violating your account if your profits drop down back to your entry. Example, 100k balance, floating profit of 6k into the next day, if the profit drops to 0, you won't violate your account. Just don't hit below 95000. 2 Likes |
Re: Forex Trade Alerts: Season 23 by Jameselias: 10:38am On Feb 24, 2023 |
. |
Re: Forex Trade Alerts: Season 23 by HumbleTrader: 10:46am On Feb 24, 2023 |
Maroka5:This is what I have been saying, it doesn't make sense to have an equity draw down, or a draw down even when the account isn't below the original starting capital. The aim of trading is to make profit, that's it, profit. I'm going to violate their equity draw down, hopefully they see I still ended in profit and understand their rules were imposing limit on traders. |
Re: Forex Trade Alerts: Season 23 by Maroka5(m): 11:14am On Feb 24, 2023 |
HumbleTrader: I give up. |
Re: Forex Trade Alerts: Season 23 by Maroka5(m): 11:16am On Feb 24, 2023 |
If one intends to succeed long term as a forex trader, you need to conquer prop firm rules. If you're consistent with trading prop firm accounts, you'll be consistent in growing your personal account long term, because you'll be disciplined enough on risk management. But then, everyone with their own opinion. 8 Likes 2 Shares |
Re: Forex Trade Alerts: Season 23 by PrinceofWallstr(m): 11:30am On Feb 24, 2023 |
HumbleTrader:You literally need to go back and understand what trading is all about. I read your post when you said that your strategy permit you to lose 5% daily but you will still come out profitable, I was like is this guy for real This is someone's company, they created the rules and regulations by themselves, why the unnecessary ranting. Listen even professional managers at Hedge fund, exchange traded funds, mutual funds , wall street ain't permit to lose more than 5% monthly, that's why they are majorly supervised by risk managers. In any business endeavor , risk mitigation should be paramount . anyone here who claims that he/she abhors prop firm cus of equity DD of 5%, obviously don't know what he is doing, how on earth would you lose 2% on a particular day and you are Still trading.hmm Wealth is built overtime, why don't you risk .2- 0.5% per position, if you lose 4 in row call it a day. If you make 4-7% per month,not bad.. Having this mindset will make your trading journey easy . I was driving the other day when I tuned in to my favorite podcast, I was listening to a guy of 25 who was diagnosed of kidney failure how he manages $7M for investor, and made 85% last year, when he speaks he always emphasizes on risk, that's how real traders does.. good luck. 9 Likes 2 Shares |
Re: Forex Trade Alerts: Season 23 by karkinase(m): 11:42am On Feb 24, 2023 |
PrinceofWallstr:No mind the guy.. na new trader body still dey catch am 1 Like |
Re: Forex Trade Alerts: Season 23 by sampz: 11:42am On Feb 24, 2023 |
Maroka5:someone once said, "we ain't just traders, we are risk takers, so to be successful you must manage ur risk" una get strength to still da explain give am 4 Likes |
Re: Forex Trade Alerts: Season 23 by charly20(m): 12:02pm On Feb 24, 2023 |
Gbpusd Sell limit @ .20190 SL @ .20420 TP as you like. Be safe. |
Re: Forex Trade Alerts: Season 23 by Jameselias: 12:13pm On Feb 24, 2023 |
HumbleTrader: 🙆 Hahahahaha hahahahaha hahahahaha hahahahaha hahahahaha hahahahaha hahahahaha hahahahaha hahahahahahaha |
Re: Forex Trade Alerts: Season 23 by ekesoft(m): 12:28pm On Feb 24, 2023 |
Maroka5: Mind you, props firm is not a yardstick for measuring traders growth. Remember different strokes for different folks 2 Likes 1 Share |
Re: Forex Trade Alerts: Season 23 by Maroka5(m): 12:59pm On Feb 24, 2023 |
ekesoft:Who said it was "a" yardstick for measuring traders growth? It's my own yardstick. Plus I've watched several prop firm interview videos where traders said passing and trading prop firm account helped them become a better trader. I couldn't agree more, because it also helped me. 1 Like |
Re: Forex Trade Alerts: Season 23 by Maroka5(m): 1:44pm On Feb 24, 2023 |
2023 advice to those who've already found their edge (strategy) in forex. Get a $10k prop form acocunt for around $100 Take your time to pass the challenges. Go-to funded. Trade, withdraw, reward yourself (optional), save up to purchase a $200, $400 or $500k account Pass the challenges. Get funded, trade at your pace, making 1% a month will set you years ahead. 4 Likes |
Re: Forex Trade Alerts: Season 23 by Maroka5(m): 2:46pm On Feb 24, 2023 |
One more contribution. Bespoke funding calculates daily DD like FTMO. So if a trade is carried to the next day, it'll calculate the next day's DD based on the balance and not equity. Cheers. |
Re: Forex Trade Alerts: Season 23 by HumbleTrader: 2:51pm On Feb 24, 2023 |
Demo Escaped a stop loss hunt.
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Re: Forex Trade Alerts: Season 23 by dmahn(m): 3:13pm On Feb 24, 2023 |
HumbleTrader: Why demo cheif.. Don't you have a real account 1 Like |
Re: Forex Trade Alerts: Season 23 by charly20(m): 3:18pm On Feb 24, 2023 |
charly20: Order deleted. I forgot that today is Friday sef. Price will be rushing to fulfill the weekly narrative and leaving many "holes" unfilled. Next week we continue, .17*** is still on the table. |
Re: Forex Trade Alerts: Season 23 by HumbleTrader: 3:34pm On Feb 24, 2023 |
dmahn:I'm practicing for MFF prop firm competition, grand price is $1,000 registration is still open. 1 Like
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Re: Forex Trade Alerts: Season 23 by Jameselias: 3:42pm On Feb 24, 2023 |
dmahn: 3 Likes
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Re: Forex Trade Alerts: Season 23 by dmahn(m): 3:51pm On Feb 24, 2023 |
HumbleTrader: Oh! Great.. Best wishes. I've registered too.. 2 Likes |
Re: Forex Trade Alerts: Season 23 by HumbleTrader: 7:31pm On Feb 24, 2023 |
Demo Swinging Eur_Usd, I also stopped using indicators except for moving average, and that's to retest a trend before following.
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Re: Forex Trade Alerts: Season 23 by Geovanni412(m): 8:11pm On Feb 24, 2023 |
HumbleTrader: Swing abi scalp? Wetin be ya other profit targets? |
Re: Forex Trade Alerts: Season 23 by Smithwilliams826: 8:36pm On Feb 24, 2023 |
Geovanni412: Abeg, which crypto demo account or site can you recommended for me |
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