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Re: Forex Trading - Season 15 by Nobody: 10:51am On Mar 18, 2015 |
infofirst: Forex trading is 90% money management, right state of mind & instinct and good capitalization HOW? If we have a 1000$ acct, the appropriate lot size is fixed 0.01 microlots. $10,000 = 0.1 $100,000 = 1.0 (10 minilots) Using the above, a 10,000 pips stop loss needs to be triggered to lose ur entire money. This is d secrets of d so called cowboys & wall street snippers. The opposite of dis my personal findings after reading psychological trading books sent by Naijababe is what kills 95% traders who are mostly retailers. Now d question is how long will u trade 0.01 lots to breakeven? Dis is where we need to pray not to fall into d days of forex terrors/ammaggedon hours like d last CHF sunami if we are to expose 2-3% of our equity against the fixed lotsizes A trader with a $1000 account would have lost 15-20% of his equity assuming d pair dropped 1500-2000 pips instead of being wiped out into negative balance. BIG LOT SIZE is what makes forex attractive. Remove it, volatility & participants will drop. Spike will disappear cos nobody with a $10,000 will think ever putting his money in forex when there are far better businesses you can do with 100% returns quarterly or 6 months or yearly or bi-yearly. PEACE! 1 Like |
Re: Forex Trading - Season 15 by Nobody: 10:56am On Mar 18, 2015 |
Time to short GJ and DJIA again |
Re: Forex Trading - Season 15 by Nobody: 11:02am On Mar 18, 2015 |
Sell limit set up on DJIA @ 17860, 40 pips stop and GJ at 17805 @ 50 pips stops. 200 pips tp each 2 Likes |
Re: Forex Trading - Season 15 by infofirst(m): 11:03am On Mar 18, 2015 |
naijababe: They r complying now 1 Like |
Re: Forex Trading - Season 15 by Owliver(m): 11:10am On Mar 18, 2015 |
infofirst:hmm ok. I get your point sire. |
Re: Forex Trading - Season 15 by Nobody: 11:13am On Mar 18, 2015 |
infofirst: Yes indeed! |
Re: Forex Trading - Season 15 by timtrader(m): 11:14am On Mar 18, 2015 |
Pls, Which fx brokers can I use naija bank issued master/visa card 2 fund nd withdraw. Thanks. |
Re: Forex Trading - Season 15 by Nobody: 11:31am On Mar 18, 2015 |
timtrader: pepperstone |
Re: Forex Trading - Season 15 by abbeyforex(m): 11:41am On Mar 18, 2015 |
Re: Forex Trading - Season 15 by Nobody: 11:48am On Mar 18, 2015 |
DJIA just ran away from me. It's moved 60 pips away from my limit order. This is why I don't like using orders |
Re: Forex Trading - Season 15 by timtrader(m): 11:59am On Mar 18, 2015 |
mutik1977: Thank u, am checkin it out. |
Re: Forex Trading - Season 15 by Nobody: 12:31pm On Mar 18, 2015 |
You can join the good timers in Forex here http://www.forextime.com/?partner_id=4900129 . timtrader: |
Re: Forex Trading - Season 15 by frenchman2: 12:34pm On Mar 18, 2015 |
hi folks just went short on eurnzd at 1.4501 will manually close trade on friday PRICE IS KING. FOLLOW IT WHEREVER IT GOES 1 Like
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Re: Forex Trading - Season 15 by Nobody: 12:36pm On Mar 18, 2015 |
naijababe: Thanks |
Re: Forex Trading - Season 15 by frenchman2: 12:36pm On Mar 18, 2015 |
frenchman2: Trade didn't trigger. just cancelled it. we move on |
Re: Forex Trading - Season 15 by frenchman2: 12:38pm On Mar 18, 2015 |
frenchman2: trade placed on monday. just moved sl to BE |
Re: Forex Trading - Season 15 by frenchman2: 12:45pm On Mar 18, 2015 |
sold euraud at 1.3939 will manually close trade on friday PRICE IS KING. FOLLOW IT WHEREVER IT GOES |
Re: Forex Trading - Season 15 by natruetalk: 12:49pm On Mar 18, 2015 |
natruetalk: still on dis Eu of yesterday. still watching to see UC reaction @ my eyeing zone to trade, i close d UC trade yesterday to ease my capital for other trades taken.
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Re: Forex Trading - Season 15 by Nobody: 1:00pm On Mar 18, 2015 |
GU is nearing dangerous zone |
Re: Forex Trading - Season 15 by Nobody: 1:12pm On Mar 18, 2015 |
I am going to retry getting in on DJIA at 17820, with sl at 17900, 80 pips sl I know but today is FOMC, there are usually all kinds of spikes. But that order wey no fill pain me sha
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Re: Forex Trading - Season 15 by pocoapoco88: 1:53pm On Mar 18, 2015 |
mutik1977:pls kindly giv me a few list of bussiness u can do wit 100% peace 1 Like |
Re: Forex Trading - Season 15 by Nobody: 2:24pm On Mar 18, 2015 |
check my post again. I was wishing d thread peace. |
Re: Forex Trading - Season 15 by ophili(m): 3:01pm On Mar 18, 2015 |
New trades on Eur/aud, NZD/CHF .. Hoping to recover losses made this week, check www.forexmamm..com for details Note: Calculate the risk size you decide to take, if its 3% per trade, divide the size by the number of pips between entry to stop loss level.. |
Re: Forex Trading - Season 15 by Nobody: 3:02pm On Mar 18, 2015 |
Engulfing pattern/Morning star! I have closed my sell order. Will buy GJ if it closes and stays above 17800
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Re: Forex Trading - Season 15 by natruetalk: 3:17pm On Mar 18, 2015 |
natruetalk: dis zone tested again once it get breached am out 2 stay on d sideline for d next step 2 be taken on currency dis week. fingers crossed 1 Like
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Re: Forex Trading - Season 15 by fxstory(m): 3:48pm On Mar 18, 2015 |
timtrader:you can try XM 2 Likes |
Re: Forex Trading - Season 15 by TheShootist(m): 3:54pm On Mar 18, 2015 |
...Concerning Hedging. 'guess you're just naturally gifted at it dr pips. That it doesnt work for everyone doesnt mean its bad. As I've always said here and in other places, most of these arguements aren't exclusive. The key is - Use what works for you. Dump what doesn't. I don't hedge anymore. Hedging ties my mind with some really annoying ropes to those open trades and shields me from objectively analysing present market action. It doesnt work for me. But I am not the yard stick. And yes, I miss Ogboraph :-) 1 Like |
Re: Forex Trading - Season 15 by Nobody: 4:03pm On Mar 18, 2015 |
Risking 30 pips on GJ buy |
Re: Forex Trading - Season 15 by natruetalk: 4:42pm On Mar 18, 2015 |
natruetalk: closed Eu trade +6 pip 1 Like |
Re: Forex Trading - Season 15 by Sircj(m): 5:01pm On Mar 18, 2015 |
hmmmmmmmmmmmmm fx nawa please which reliable broker one for news trading |
Re: Forex Trading - Season 15 by infofirst(m): 6:01pm On Mar 18, 2015 |
mutik1977:Plus their proper understanding of the market. Thumb up 1 Like |
Re: Forex Trading - Season 15 by Nobody: 6:02pm On Mar 18, 2015 |
naijababe: I don comot with 50 pips, FOMC will deliver better pips tomorrow and Friday |
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