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Re: Forex Trading - Season 15 by soultender(f): 4:40pm On Jan 17, 2015 |
Toks2008:I'm grateful for your reply,considering the fact that I want to go into it newly,the second option appeal more to me. When and how do I go about the registeration process? Thanks. |
Re: Forex Trading - Season 15 by Nobody: 5:43pm On Jan 17, 2015 |
check my reasons for using stop loss. one has been proven. https://www.nairaland.com/1575908/forex-trade-alerts-season-14/49 |
Re: Forex Trading - Season 15 by L2CD766: 5:47pm On Jan 17, 2015 |
tom29reloaded:tom can i get ur fb/ msil |
Re: Forex Trading - Season 15 by Nobody: 6:05pm On Jan 17, 2015 |
imagine a trader using leverage 1:10 or 1:30, with stop loss & 2 to 5% exposure of equity - now tell me how u go get magin call in dat CHF sunamy? |
Re: Forex Trading - Season 15 by joelreg(m): 6:15pm On Jan 17, 2015 |
Please can we talk very important Thanks natruetalk: |
Re: Forex Trading - Season 15 by Nobody: 6:22pm On Jan 17, 2015 |
. |
Re: Forex Trading - Season 15 by L2CD766: 6:50pm On Jan 17, 2015 |
the more crises and wars, the better for trading, cause it sparks up volatility. It takes a lot of political effort to unite economies under one currency. So, I don't see a united currency in asia or africa any time soon. Also it might not be desirable, as can be seen in the EU. Economies at different production levels. Greece would desperately need a devaluation in order to be able to increase exports. And having only a world currency will from my current understanding of economics never ever happen. There is a reason for currencies to exist. If your local economy goes down, your currency goes down as well, making your exports cheaper which sparks up economic activity. Currencies are a way of regulating and balancing economies. As for currency trading, this will also never end, traders and speculators are needed for proper functioning of the markets. They might decrease leverage further, but trading will never end. And, there are always currency futures to speculate on as well. 1 Like |
Re: Forex Trading - Season 15 by L2CD766: 7:16pm On Jan 17, 2015 |
honeric01:Good evening sire |
Re: Forex Trading - Season 15 by honeric01(m): 7:26pm On Jan 17, 2015 |
L2CD766: I salute sir |
Re: Forex Trading - Season 15 by fxstory(m): 8:08pm On Jan 17, 2015 |
tom29reloaded:don't keep deceiving yourself.the market will always be there.even if they require people to have 100000 dols to start, it will always be there.anyone who can't continue, its a free exit.so you have to do your part by taking what the market gives you without being necessarily greedy.if 1000 dols is that easy to come by, trust me you would have deposited it and keep making same mistake.learn from your mistakes and do the right thing. 4 Likes |
Re: Forex Trading - Season 15 by L2CD766: 8:40pm On Jan 17, 2015 |
fxstory:word! 2 Likes |
Re: Forex Trading - Season 15 by Nobody: 9:19pm On Jan 17, 2015 |
fxstory: bro u just fall my hand. $1000 hmm d beginning of boring forex trading for Tom. dat is free +$1000 profit d first 3 months |
Re: Forex Trading - Season 15 by Toks2008(m): 9:29pm On Jan 17, 2015 |
soultender: I will be sincere with you all. It saddens my heart that Many Nigerian youths want to make money but forex trading in my opinion is only for people with huge equity because if you think you can start this business with 100usd,200usd or even 500usd then you had better have the patience of a saint because just one trade error and the whole money is gone no matter how good you think you are. Having made this point, i would like you to know Soultender that your profit expectation is dependent on the risk used and though i am experimenting a 15% daily risk at the moment which gave about 50% last month, i will not suggest more than 10% maximum risk a day even if its high,it seems to be the logical risk to use for small equities below usd3k So if you are thinking of investing anything less than usd1k then don't expect more than an average of 20/30% profit monthly but with compounding interest can be over 4k in 12months. But if you want to start with small equity like 500usd then i don't know how you will reconcile the fact that you will be expected to earn about 20/30% of that and also pay N6500 from that and pay your bills from there too. So the bottom-line is that whether you want to use the system for manual or 100% automation, starting with not less than usd1k will make sense so that when you make like 30% of that in a month it will make sense to you. People want to pay their bills trading fx and only bigger equity can help you achieve that. So if you are ready soul tender you can call me. Thanks |
Re: Forex Trading - Season 15 by Mack3N: 9:30pm On Jan 17, 2015 |
Re: Forex Trading - Season 15 by Mack3N: 9:31pm On Jan 17, 2015 |
sir Ogboraph....i see you o,which way....happy newyr |
Re: Forex Trading - Season 15 by VeeVeeMyLuv(m): 4:32pm On Jan 18, 2015 |
@ Fxstory, well said, @Tomreloaded you never cease to amaze me always lighting up the house with your comical posts. 2 Likes |
Re: Forex Trading - Season 15 by 12ema: 5:46pm On Jan 18, 2015 |
FOR THE NEWBIES: WHEN NOT TO PLACE/EXIT A TRADE. I know you are gearing up for a new trading week, and i'm sure you are ready to pounce at the slightest opportunity your trading strategy mandates you to. Before you place a trade this week, i need you to be conscious of these killers to your success. 1. Praying that the trade will be a winner. The moment you pray, or wish that the trade will be fruitful, then you might as well not place the trade. You are basically calling on emotions that have no bearing on forex trading or any business for that matter. Google does not wish or pray for profit, they follow a well thought out business module which ultimately guarantees them profits consistently. There is no miracle waiting to happen, or fairy god mother sitting on the sidelines ready to grant your wish. Your strategy must and should be mechanical in nature, where there are set parameters for entry and exit at all times. 2. Urging an ongoing trade. I cannot count the number of times i did this as a newbie. I would place a trade with ridiculous leverage and the moment the trade begins to go against me i start to cheer the trade to go my way. Instead of closing it as soon as possible, i begin to develop a weird brave belief that the trade will turn in my favor. You know what? it never does. 3. Someone said so. This one is the worst. You have no idea of the "someones" strategy, MM, RR, but you take the advice anyway. Might as well just light a match to your money and set it on fire. 4. Changing strategies at whim. Since we all know that strategies don't work all the time and that it needs time to meet it's probability criteria, then why not give it time. If the strategy you used yesterday, is not the one you are about to use today, then stop, backtest for a while and come back. Have you ever wondered why during ongoing (case in point, ducascopy) forex competitions, the same trader never wins all the time? That should open your eyes to the impact of strategies and probability. Your strategy will never win all the time. Goodluck. http://www.axitrader.com/files/pdf/The-Definitive-Guide-to-Building-a-Winning-Forex-Trading-System.pdf 1 Like |
Re: Forex Trading - Season 15 by Sirkay78(m): 8:04pm On Jan 18, 2015 |
12ema:Thanks 3 Likes |
Re: Forex Trading - Season 15 by bedfordng(m): 12:23am On Jan 19, 2015 |
Toks2008:at times people learn the hard way.its good to test the waters and see things for yourself so you can prepare and come back to try again. 1 Like |
Re: Forex Trading - Season 15 by Sirkay78(m): 12:43am On Jan 19, 2015 |
I just bought uj daily bullish engulfing
|
Re: Forex Trading - Season 15 by Davidcruze(m): 1:52pm On Jan 19, 2015 |
who day house :Dwho day house |
Re: Forex Trading - Season 15 by jamace(m): 8:03pm On Jan 19, 2015 |
Today dry o. Where is everybody? |
Re: Forex Trading - Season 15 by drpips1(m): 8:18pm On Jan 19, 2015 |
Just sold G.U @ 1.51283 with a 50 points target......... |
Re: Forex Trading - Season 15 by Nobody: 9:29pm On Jan 19, 2015 |
jamace: Martin Luther King day, the yanks are on holiday. |
Re: Forex Trading - Season 15 by mez(m): 1:36am On Jan 20, 2015 |
Dax has been on an upward movement. Currently at an all-time high. |
Re: Forex Trading - Season 15 by jamace(m): 2:13am On Jan 20, 2015 |
naijababe:Ok. Thanks. |
Re: Forex Trading - Season 15 by ykpuffy(m): 3:56am On Jan 20, 2015 |
naijababe: Hello Madam, what's ur view on the indices direction today? |
Re: Forex Trading - Season 15 by drpips1(m): 6:59am On Jan 20, 2015 |
drpips1: Target hit and profit taken- netpips banked +50 points |
Re: Forex Trading - Season 15 by drpips1(m): 9:43am On Jan 20, 2015 |
tom29reloaded: if a trader with low capital is using a leverage of 1:10/30, then he is a retail trader with little or no collateral in the market because the forex market is so gigantic that only big players would afford the margin of standard lots($100,000), are allowed to participate without leveraging, which is the reason brokers exist for retail traders and speculators, with the leverage in question, a trader is likely to go into margin call faster in ratio of the capital existing in the account In Forex trading, a small capital deposit can control a much larger contract value. Leverage gives forex trader the capacity to make extraordinary profits and at the same time keep risk capital to a minimum. Forex broker may offer 200 to 1 leverage, which means that a $500 dollar margin deposit would enable a trader to buy or sell $100,000 worth of currencies. a pip is said could be a 0.0001 units consequently, if you made 100pips as profit it means you made (0.0001 X 100 = 0.01) as your profit , this does not make any sense at all, and that’s where leverage comes in, leveraging instruments is a powerful tool that makes Forex trading very attractive and this is how it functions; If I have $500 for instance, a leverage of 1:200 will itself with the deposit $500 making it $100, 000, now let’s calculate the value of my one pip (0.0001) that will be 0.0001 X 100,000 = 10.0, therefore my pip value is capable of becoming $10 per pip!, there is another trading variable called the lot size, the $10 per pip stated above is the pip value of one standard lot or numerically written as 1.0 lots, meaning if you made the same 100pips used in the previous example, instead of having a $0.01 profit now you have a deposit of $500, yielding (10.0 per pip X 100pips = $1000 profits banked making a total balance of $1500 in your account balance |
Re: Forex Trading - Season 15 by ephisi(m): 9:49am On Jan 20, 2015 |
Pls i need to know the most reliable nigerian forex brokers right now, especially after the swiss franc catastrophy |
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