Petah:
i agree with you sir. i think thats the phase that signal consistent profitability is close....

I hope so bro. May God help us all.

LordBillionz:

I meant the broker you use. Exness or ...?

I don't trade personal account, I trade prop for now.

Cashhy11:
I don't trade personal account, I trade prop for now.

Alright but can you recommend one a beginner can use?
I'm just starting.

LordBillionz:

Alright but can you recommend one a beginner can use?
I'm just starting.

Left to me, I won't even use any of the Nigerian brokers. But since you're starting anew, you can go with any one of them, exness, hotforex etc. Most of them are the same with little differences separating them.

Just try to know what type of account you will be opening with them, for example, for a swing trader, you will need swap free account. Etc. All the best bro.

Davigle:
BTC sell limit @70,000. SL at 70500. tp at 68,000

trade was triggered and tp was smashed 200 pips bagged for a 1:4 RR

Buying EURNZD 1.7729 sl 1.7656 tp 1.7950

LordBillionz:

Alright but can you recommend one a beginner can use?
I'm just starting.

I would say get a prop acct if you pass then fund live account and also how long have you been on the chart and what your strategy, your entry criteria

peteregwu:
GBPAUD, I am anticipating a move to the upside at around 1.92432

GBPAUD reached target at last.

F1re:
How I ended the week, taking profits by LDN close tomorrow.

where is this guy?? i hope he is safe and sound

Buying CADJPY. 👀

Well, done for the week!


Cent Account has been Blown Successfully!

Trying to Understand the ways of my Babe Gold.

Shout out to Boss GabsonFX2, Cashy11 and others in here.

Scalping is waay Harder than looks oo

We keep growing sha.

Even though it had risen to the price level of 78.52, the price of US crude oil fell again to a low of 76.31, according to analysts, the fall in oil prices occurred because the EIA data report showed US oil inventories increased high, contrary to the forecast of a survey by Reuters. According to Energy Information Administration data, US commercial crude oil inventories rose by 1.8 million barrels, this is contrary to forecasts from a survey conducted by Reuters which predicted a decline of 2.5 million barrels.

Sell gold 2330

Stoploss: 2335

Target: 2300

LordBillionz:

Alright but can you recommend one a beginner can use?
I'm just starting.

If you want a personal acct with a broker, then get one.

Sign up for octafx, FBS, hotforex, exness, deriv and get demo accounts with them

On the demo accts, check the conditions for trading indices on each of them - contract specifications for indices depends on your broker and this in turn affects the risk carried by your trade.

You can check contract size and minimal volume by clicking on properties of the pair you are trading.

Take limit orders on the demo accounts on mt5 and see the risk involved with each trade.

Also, trade the news on this demo acct, especially CPI and NFP.

This will enable you to know if your broker has slippage and how bad the slippage is.

After testing all of these, you can come back and ask people about funding personal accts on the broker and how swift the payment is.

GBP CPI on Wednesday came out strong . Most likely retail sales 'll also come out strong.


Trade wisely with caution.

LincolnOnyeabor:
Well, done for the week!


Cent Account has been Blown Successfully!

Trying to Understand the ways of my Babe Gold.

Wait oo.. Shey no be you them dey advice to avoid Gold on that poor cent account? Show us ur trading history if you don't mind bro, if you lost the account gradually, good! fund again and go again but if you lost the account with just one, two or 3 trades... There's a lot you ll learn from guys here if u can be transparent to let people know ur mistake cause I know the problem here is risk management and wanting to double the account faster

Gold trading and scalping is for pro traders

I NEED HELP!!!

Cashhy11:
I hope so bro. May God help us all.

FXcandles:
Even though it had risen to the price level of 78.52, the price of US crude oil fell again to a low of 76.31, according to analysts, the fall in oil prices occurred because the EIA data report showed US oil inventories increased high, contrary to the forecast of a survey by Reuters. According to Energy Information Administration data, US commercial crude oil inventories rose by 1.8 million barrels, this is contrary to forecasts from a survey conducted by Reuters which predicted a decline of 2.5 million barrels.

Nice i trade usoil too, it's quite complicated but just using fundamentals and understanding how it affect it with volume and momentum in place.

I CANNOT LOG INTO MY FOREX ACCOUNT NOR PURCHASE ANYTHING ONLINE AGAIN!!!

Artillerous:
I NEED HELP!!!

DXYY:
Bought a fundednext 15k 1 step stellar challenge account yesterday, after blowing numerous challenge account and learning through the process, I feel i have never been in a better position to take up this challenge than now, I will be posting my trades and also updating as the journey unfolds, Wish Me luck guys.

Total risk exposed: 3%.

It's obvious u neva learn

DXYY:
Bought a fundednext 15k 1 step stellar challenge account yesterday, after blowing numerous challenge account and learning through the process, I feel i have never been in a better position to take up this challenge than now, I will be posting my trades and also updating as the journey unfolds, Wish Me luck guys.

Little word of advice, i don't believe in luck so let me dive into what i have to say, risk 0.5% per day that $75 if you take a loss plss leave the chart if you win and see another trade not random one still risk that same $75 but if you have a solid strategy you can risk 1% which is $150, and also what your strategy what your entry criteria.

Artillerous:
I CANNOT LOG INTO MY FOREX ACCOUNT NOR PURCHASE ANYTHING ONLINE AGAIN!!!

Explain what you mean, chief

@Shevychen2
@Theyoda
@voraz
@ncpat
@karleb
@mrbillionaire
@fmusty
@djwalata
@harizonal123
@donvic4u
@piptocoin

I hope all is well

DCroc:


Total risk exposed: 3%.

It's obvious u neva learn

My second account got banned yesterday, but need to clear somethings about what have learnt over the 2 years I started learning forex, I did my math and 1% of a 15k account is $150, but I am risking 105, which is approximately 0.7%, the 1% I put up there is a mistake on my part and will edit as soon as my ban is lifted, total risk exposed should be 2.1% however I don't think forex is necessarily about risk management, the first thing should be education, understanding how the market works. The DD for that particular account is 3% which $450, risking 2.1% will give me $315, if I lost 3 trades in a day I won't trade for that particular day again, which means I have roughly 9 trades to place in total on the account cos the maximum DD is 6% which is $900, I have a minimum of 1-3 RR, if my strategy won't be able to win at least 2-3 trades out of 9 attempt what good is risk management then? If you have a good risk management without a proven system, you will continue to apply good risk management and still be losing till your psychology changes and you risk it all when you are in deep drawdown, all these are just my thought though am open to more debate and advice, thanks.

Luada:

Little word of advice, i don't believe in luck so let me dive into what i have to say, risk 0.5% per day that $75 if you take a loss plss leave the chart if you win and see another trade not random one still risk that same $75 but if you have a solid strategy you can risk 1% which is $150, and also what your strategy what your entry criteria.

Am a swing trader, I can hold trades for months, I use top down analysis from dapo Willis. I think I will consider using 0.5% per trade, thanks.

dmahn:


Wait oo.. Shey no be you them dey advice to avoid Gold on that poor cent account? Show us ur trading history if you don't mind bro, if you lost the account gradually, good! fund again and go again but if you lost the account with just one, two or 3 trades... There's a lot you ll learn from guys here if u can be transparent to let people know ur mistake cause I know the problem here is risk management and wanting to double the account faster

Gold trading and scalping is for pro traders

Na me ooo.

I will post my Screenshot here sir.

From one of my bosses takes on the loss, he said the account was too small to handle Gold.

Let me post it here.

All Criticisms and Inputs are welcomed.

dmahn:


Wait oo.. Shey no be you them dey advice to avoid Gold on that poor cent account? Show us ur trading history if you don't mind bro, if you lost the account gradually, good! fund again and go again but if you lost the account with just one, two or 3 trades... There's a lot you ll learn from guys here if u can be transparent to let people know ur mistake cause I know the problem here is risk management and wanting to double the account faster

Gold trading and scalping is for pro traders

boss, how are things chief? Are you still trading that your $20 account?? If u still do sir, can you kindly share your screenshot of withdrawal? It has really been helpful. . . Shows me that little win done consistently can be a great gain in the long run.

Petah:
FOLLOWING OUR OWN SET RULES IS REALLY CHALLENGING IN THIS FX BUSINESS. ESPECIALLY WHEN BILLS ARE WAVING AT YOU.
THE MOMENT WE CAN STICK TO OUR PLAN WITH DEFINITE DISCIPLINE THE BETTER WE GET.

FOR ME, THE MISTAKE THAT HAVE COST ME MOST IS NOT HAVING A SPECIFICIED RR PER TRADE AND TAKING TOO MANY TRADES PER DAY.

IN ORDER TO FACILITATE MY COMMITMENT, I AM POSTING THIS WITH THE THOUGHT THAT PEOPLE WILL HOLD ME ACCOUNTABLE IF I BREAK MY RULES.

THIS IS MY TRADING PLAN FOR THIS WEEK.

[b]1. LONDON SESSION ONLY. (SO HELP ME GOD)
2. FIXED R;R 1:3
3. ONE TRADE PER DAY
4. ONLY EURUSD
5. LOTSIZE 0.10

HOPEFULLY, SOMEONE WILL HOLD ME ACCOUNTABLE TO THIS. ABEG MAKE ONA HOLD ME.
THANKS BOSSES IN THE HOUSE.
I RESPECT AND SALUTE EVERYONE.

I Dan con report myself ooo. I haven't been following the rules I set for myself. 😫😫😫

dmahn:


Wait oo.. Shey no be you them dey advice to avoid Gold on that poor cent account? Show us ur trading history if you don't mind bro, if you lost the account gradually, good! fund again and go again but if you lost the account with just one, two or 3 trades... There's a lot you ll learn from guys here if u can be transparent to let people know ur mistake cause I know the problem here is risk management and wanting to double the account faster

Gold trading and scalping is for pro traders

Hello boss and other bosses in the House.

Here are the Screenshots sirs

Petah:
boss, how are things chief? Are you still trading that your $20 account?? If u still do sir, can you kindly share your screenshot of withdrawal? It has really been helpful. . . Shows me that little win done consistently can be a great gain in the long run.

Thanks for asking big man. I experienced a $3.7 DD on the account since 22nd of April. I only traded it once since then.. I abandoned it because I was desperately in need of money which I know will lead to poor decision making and forcing of trades so I had to look for my money elsewhere. The balance stood at $17 as we speak and I ll resume trading it when I'm out of this financial DD. Sometimes we need that real life money as backup to stay confident and discipline.