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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts / Discussions: Season 24 (209462 Views)
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Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 2:29pm On May 27 |
[quote author=infofirst post=130167228] |
Re: Forex Trade Alerts / Discussions: Season 24 by DCroc: 2:33pm On May 27 |
Two good traders with different risk appetite |
Re: Forex Trade Alerts / Discussions: Season 24 by seeteazain(m): 2:44pm On May 27 |
infofirst:4 months |
Re: Forex Trade Alerts / Discussions: Season 24 by seeteazain(m): 2:46pm On May 27 |
infofirst: What is always say here. Same stories |
Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 2:46pm On May 27 |
infofirst: I hope you are aware that some prop firm have time limit, and also they will scan your trades to see how you performed. Best risk 1% per trade which is the best and if you are down 1% dont trade. If you have traded a live account and seen profitability with a system you have developed you are good to go. Even though you risk 1 cent per year without an edge you wont be profitable. 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by infofirst(m): 2:55pm On May 27 |
seeteazain:👌 |
Re: Forex Trade Alerts / Discussions: Season 24 by infofirst(m): 2:56pm On May 27 |
Luada: Atleast your psychology will keep you going till you have an edge. Risk mgt is an edge itself. 3 Likes |
Re: Forex Trade Alerts / Discussions: Season 24 by GabsonFX2: 3:25pm On May 27 |
A profitable trader targeting 1% per month would still experience some bad months, say 4 out of 12months: in the long run, it is still a win, a profitable one but it means 4 months win will break even 4months loss, we are left with 4 profitable months = 4%, if similar thing happens in the following year, that's 2 years ish just to pass phase 1 and then phase 2 is waiting. If similar stuff happens is phase 2, that's another 1year ish, so a total of 3years ish is expected to win for someone looking for 1% using 0.01 lot to get 1000 pips every month. This I will say is more tensed on psychology when it takes forever just to be funded. Does that mean that trader would not have spent far more than what is expected on data, feeding, contingencies like broken charger, laptop or phone, petrol on gen, or inverter installation and maintenance. How would this person be able to focus with all these challenges? I could advise between 0.05 - 0.1 max lot per trade on the $10K, with that, you don't need 8000 pips to pass phase 1 only. Above all, if I see a company that can believe in my skills and obtain a $5M prop account, then I can do the 1% monthly and trade it for 2 to 3years cos with that I know the worth of what I'm dieing for, other than that: it's a waste of time for me. infofirst: 4 Likes 1 Share |
Re: Forex Trade Alerts / Discussions: Season 24 by infofirst(m): 3:33pm On May 27 |
GabsonFX2: It makes sense. Yes, it's easier to target less when the capital is huge. And all these you have stated is at a high level that you are. Let's bring it down to the level of a struggling trader. That $100 a month will change his or her life for real. Not you and I that our monthly mortgage or rent is nothing less than $2000...... 6 Likes 1 Share |
Re: Forex Trade Alerts / Discussions: Season 24 by Supremefx(m): 3:44pm On May 27 |
Be Wary / Stay Safe 1 Like 2 Shares
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Re: Forex Trade Alerts / Discussions: Season 24 by GabsonFX2: 4:06pm On May 27 |
True sha God help us... infofirst: 3 Likes |
Re: Forex Trade Alerts / Discussions: Season 24 by friendbee: 4:09pm On May 27 |
infofirst: Yes o, the small traders will appreciate these little drops till the big ones will come. The 15k account can still be powered by 0.05 on indices if the trader has the average skill if not even with 0.01 the account will still perish on the long run and psychological side is there, the baba will just do 0.1 and say if I perish , I perish. Thanks infofirst for everything. 1 Like 1 Share |
Re: Forex Trade Alerts / Discussions: Season 24 by GabsonFX2: 4:09pm On May 27 |
-240pips loading, no panicking. I will wait for today to close bulish and I will enter long. ![]() GabsonFX2: |
Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 4:13pm On May 27 |
infofirst: Psychology is the last thing after you have developed an edge. As i said before even though you risk 1 cent in a year you wont't still be a profitable trader. And also to correct something risk management isn't an edge itself it just a fraction of your edge so don't be mistaken. And back to psychology, you can't develop psychology without an edge, cause even with good risk management and psychology you claim to have developed you won't be profitable and will have a draw down in a long run. For instance you have a live account worth $10000 and you use good risk management like 0.01 per day, i can tell you that account will be around $9000 something cause your looses will be more than your wins. |
Re: Forex Trade Alerts / Discussions: Season 24 by XAUTrader4L2: 4:31pm On May 27 |
XAUTrader4L2: 1835 in my view with a bottom around October, November or December. |
Re: Forex Trade Alerts / Discussions: Season 24 by Pondabrown: 5:40pm On May 27 |
Cashhy11: Quick question Cashy, why do you use stop orders instead of limit orders? Cus I have noticed it when you post your chart entries. |
Re: Forex Trade Alerts / Discussions: Season 24 by Succhris: 5:40pm On May 27 |
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Re: Forex Trade Alerts / Discussions: Season 24 by obajoey(m): 5:55pm On May 27 |
obajoey: Trend, demand and supply zone from the higher time frame are your friends. This move started from May 2nd. Based on the monthly supply zone, it should still do 210.00 First time getting this far. #GBPJPY 1 Like
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Re: Forex Trade Alerts / Discussions: Season 24 by Edd1e(m): 6:00pm On May 27 |
Luada: I love these... It's just plan truth to me. Edge = Strategy + Risk management. You can't be profitable without having a profound strategy; an approach to the market. Risk management keeps you going when having some bad runs, the trust in your approach will get you out. Without an edge in your strategy, you can keep risking low to getting Margin-called. 2 Likes |
Re: Forex Trade Alerts / Discussions: Season 24 by Edd1e(m): 6:07pm On May 27 |
obajoey: Omo, if you are not using a swap free account with this Nice run, Eh. Nice to see a fellow Yen lover... Good trade bro. Happy Pipping. 1 Like 1 Share |
Re: Forex Trade Alerts / Discussions: Season 24 by Donsheddy: 7:45pm On May 27 |
Sipping my kunu and learning jejely |
Re: Forex Trade Alerts / Discussions: Season 24 by GabsonFX2: 7:58pm On May 27 |
Bolded makes it. ![]() Edd1e: |
Re: Forex Trade Alerts / Discussions: Season 24 by BinaryRocks: 8:06pm On May 27 |
infofirst:I should be able to hit 8% between 3 to 4 months. I'm ready for personal evaluation Boss. ![]() |
Re: Forex Trade Alerts / Discussions: Season 24 by GabsonFX2: 8:14pm On May 27 |
1 trade at a time Maximum of 0.01 lot You need 8,000 pips ish to pass phase 1. 5,000 pips ish to pass phase 2. To pass phase 1 in 4 months, you need 2,000 pips ish per month. If you can show us your trading history/explorer where you made 2,000 pips per month for 4months, I will fund your personal account with $1K and we can share the profits 50-50. BinaryRocks: 4 Likes 1 Share |
Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 8:17pm On May 27 |
BinaryRocks: On what risk size and profitabitity margin/ratio will get you their. It impossible to gain that 4% in that range of time if following what the person you quoted mean. |
Re: Forex Trade Alerts / Discussions: Season 24 by obajoey(m): 9:24pm On May 27 |
Edd1e: Thanks boss |
Re: Forex Trade Alerts / Discussions: Season 24 by BinaryRocks: 9:56pm On May 27 |
GabsonFX2:Good Boss. Currently I don't have trading history/explorer to show but I am ready for the challenge Boss. You can open a demo account of $10k and let me make 8% in 4months using max lot size of 0.01. I am ready. ![]() ![]() ![]() Or Let me make 2000 pips in a month. That 4months far. ![]() ![]() |
Re: Forex Trade Alerts / Discussions: Season 24 by Luada(m): 10:15pm On May 27 |
BinaryRocks: That not possible to reach what your win rate. And how long have you traded and i don't think you have a live account. |
Re: Forex Trade Alerts / Discussions: Season 24 by EFGH: 10:29pm On May 27 |
Guys, I credited my account with $26 this morning, to cut the long story short, it was a disaster. 2 Likes 1 Share
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Re: Forex Trade Alerts / Discussions: Season 24 by DCroc: 10:55pm On May 27 |
How can u trade to the point of losing more than 10% of your capital in a day 1 Like |
Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 10:57pm On May 27 |
MaximiSilva: Tell us more. And are you still with them? Is there any opening at the moment? |
Re: Forex Trade Alerts / Discussions: Season 24 by samfelly: 10:59pm On May 27 |
DCroc: Revenge trading never hold you in its grip before? |
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