Pipsbasketing:
Basket updated........(Some trades closed and some others opened)
1st Image = Order by time of entry**UPDATED**
2nd Image = Order by Pips **UPDATED**

Next market update = 10PM Nigerian Time (Monday)

Controversies abound when you reply some posts/comments you ought not to, not all comments/post need reply

JLINE:

less i forget to mention,am not included in the bolded though ...

Profitsgalore:


I have to be convinced otherwise. Just going of knowledge on MM alone, you have failed. And that is one of the most important part of trading.

JLINE:

i failed...lol oh cos i refused to accept your poor r:r of 2.5 : 1... you are risking 45pips to win 20 pips and you assumed i don't know mm or the fact that i don't know mm. lol
don't get too angry,you just happen to make the first wrong statement initially and i am sorry to pick the obvious out...you can't succeed with that kind of poor r:r bro...wake up.

Profitsgalore:


You obviously didn't watch it or read what i wrote. If you had read and comprehended what i said initially, i said i don't trade futures and what they are advertising is for futures. I wanted you to watch it and learn from their money management principles and why you don't need to make a gazillion pips per trade.

shorty002:
Well u sed u wanted to help traders but if it's abt mm, it's not a new topic n dere r short term traders here who still make up to 200pips in a single trade with a short duration. Many pple here already understand diff mm principles. U want to help, but u seem not confident to give ur 9 winning trade calls in a here.

jorel1:
The only thing you can be 100% sure of in financial markets is losses , a win rate of 90 % or 100% isnt realistic , okay maybe for a while if you tell me your win rate is above average for the past one year then this i can understand.. you don't even need a 90% win rate to make it (which is not sustainable for more than a year ) 50% win rate even 30% will take you there with the right mm obviously not the one proposed by profitsgalore... we can be sure of a 50% win rate or even less in the long term at least for amateurs like me so why not build a system around this instead of based on a 90% win rate which lasts only for maybe 2 months as market conditions changes..

everyone is struggling in the market ... I am an example ..I struggle in making trade decisions and initiating a trade...sometimes its even a nightmare . sometimes am so sure its the right call but it eventually goes against me , because everything is possible with the market.. what keeps me going is my huge profit target...


I don't know why everything about forex is full of lies and deceit, brokers lie, traders lie , even $100 traders .. its not rossy trading ...
The pair i trade such as GBPJPY , goes with a minimum risk of 60 pips even on 5 mins TF..so advising someone to settle of 20 -30 pips ( just. because you want to look like the so called best traders) on this pair which still has potential to go like 200+ pips further after losing 60 pips on initial trade means you don't understand what you doing and obviously still need to continue learning on demo before going live.. ..

Profitsgalore:


Never said i was the best trader. Lol. I see that i have shut your mouth on knowledge of MM you have decided to go a new route. Keep fishing. You'd probably catch something eventually. Lol.....If you only knew. I didn't create the system. It's online. I had to search and acquire it and been using it for years. The owner's Russian. You know what he told me? He said traders are mostly dum.b. He said don't even bother explaining it to people because they love their ignorance. I didn't really understand what he meant till today. And i never said i don't lose. That's what 90% means. *Drops mike*

Profitsgalore:


Let this be a lesson to a lot of traders. There are some who don't know what the phuck they are doing but refuse to listen when be taught. And you wonder why a lot fail in this business. Understanding money management and how to play around with it is dire if you want to succeed. When you have a high win rate like mine, your stop loss can be higher than take profit If only people can STFU and learn. Below is just a sample of how to play around with MM.

Edd1e:
So what does this mean for you?
Risk less than 10% of your capital per trade.  Risk a lot less.  Put the edge so far in your favor that it is almost inconceivable you would lose all your capital.  If you have capital, you are in the game but if you don’t, you are out.  Your capital is your ammo and without it, your dead in this game.  Especially when learning how to trade consistently, keep your risk low like 2%.  Even when you are really good, keep it low because you will have losing periods and when you do, you want to absorb them well and not take big chunks out of your account.  Risking 10% will do this but risking 2% will not.

Although it may not seem like you will make a lot of money risking 2% and having a 2:1 R:R, over time as your account grows, it will compound and you will take losses with ease of stride.  However, by risking 5-10%, you severely alter the mathematics and your edge.  And far worse, you increase the psychological pressure to recover the losses and that actually compounds the emotional/mental energies against you.

As long as your R:R ratio is 2:1 or better, when you lose you will lose a little and when you win you win much more.  Even if you take a series of losses, it will only take just as many wins to be back ahead.  Case in point;

Say you have a 10k account and have a 2:1 R:R and risk 2% per trade.  Here is how the math works out below after a series of 3 losers and 3 winners:
10k with 1 loss at 2% = $200 loss and acct is at $9800
$9800 with 2nd loss at 2% = $196 loss and acct is at $9604
$9604 with 3rd loss at 2% = $192.08 and acct is at $9411.92

So you lost 3 trades in a row and now win 3 trades, here is the tally:
$9411.92 with 1st win at 4% gain (2:1 R:R ratio) = $376.47 and acct is at $9788.39
$9788.39 with 2nd win at 4% gain = $391.53 and acct is at $10179.92
*thus after 2 trades you are back into profit.
$10179.92 with 3rd win at 4% gain = $407.19 and acct is at $10587.11

So even after two wins, you erased 3 losses and with the 3rd win you are way ahead.

Thus, hopefully you can see the importance of having a good R:R while having low risk.  It is psychologically hard to deal with big losses but little losses have a much smaller impact on your emotions and trading so keeping an edge both mathematically and psychologically is crucial to winning at this game.

JLINE:

very nice info bro...but our oga profitsgalore says reward:risk of 1:2.5 is better cos the russian so called guy gave it to him. that should be like 95% chances of blowing account. lol

Pipsbasketing:
Next basket update = 10PM Nigerian Time (Monday)

Pipsbasketing:
So sorry I am not replying mails.

Follow the basket update, check for the order of entry time and with that you can open and close trades.
An open trade lasts a minimum of 24hours, meaning some last up to 1-2weeks, hence, you can still take orders even if you get here 7hours after the post is made.

But try first on demo

Cheers

_{^{one thing i noticed was some of the pair i trade at a particular day goes same direction as one in your basket}}

currentprice:


love your trading style brother,,,,,,but with my own experience i can't handle 20 pair at a time even if i have $1m trading capital

_{^{one thing i noticed was some of the pair i trade at a particular day goes same direction as one in your basket}}

currentprice:

_{^{was thinking all pair must be positive}}