AntiZombie:


Crude and Dow Jones only

10%+ monthly

Thats great which broke do you use

GladmanGoddey:

Thats great which broke do you use

Xm

HELLO fellow Traders can anyone assist me with a good News Indicator, that displays daily news event with their coreesponding Impacts

steveblue:
HELLO fellow Traders can anyone assist me with a good News Indicator, that displays daily news event with their coreesponding Impacts

news calendar u mean? visit forexfactory.com and click on calendar.

AntiZombie:


Xm

oh ok. wat account types do you have with them?

WOW! WOW!! Look at all the mentions!! I really really appreciate everyone for looking out. Thread has done more than 40 pages too

I have been away from this thread for 2 reasons.

First, I got a new job. 7am to 7pm Working in Nigeria is modern day slavery I swear, coupled with Lagos daily traffic! This will be a story for another day sha.

Second, my phone. On one of the usual early morning rush, while I struggled to get unto one of the few available buses, phone fell and smashed leaving only half the screen still operative. So while I could still browse and do other things, I could not type fully. I have gotten it fixed now

Phew! So where were we? My account, yes...

Blown

Not long after I started my almighty Live account than I realised I had just begun a totally different battle from what I was used to
Damn! if Forex was Pizza, all demo trading offered was a slice

Live didn't feel like trading at all, there was a lack of the usual adrenaline and happiness that came with trading demo. All I felt everyday I woke up to trade was gloom It Felt like there was a fcking axe (forgive my french) hanging over my head mehn. All I kept hearing in my heart was how 99% of every trader blows their live accounts

And so I traded and traded. Should I even call that trading? NO! I totally ignored my trading system which stated that A + B = Entry Signal

Instead, I did everything opposite!

A - B became my best spots, I entered when I saw C Square + B-, there was no criteria for which I got into trades, I would open positions because I was happy, I got into trades because I simply felt like, other times, it would be just because I needed to have an open position. I scalped most of the time, an act I completely detested during my demo days. Emotion messed up my head pretty damn badly mehn

And Mr Market...Dear old Mr Market was passionately ruthless, it took my matter personal It bought when I sold, it sold when I bought. I would open a position at any little spike, hoping to scalp from it, only for the trade to immediately start going opposite my direction. Stuff of nightmares I tell you. And so I watched helplessly as my account dwindled and depleted before me to my utter dismay and horror.

I could go on and on and talk about the numerous ways emotion toyed with me, but then, that would not be the point.
One word to other aspiring newbies who haven't yet gone live: You see your first account? Especially the one you start with a tiny $100? You'll blow it (You can argue about it all you want). If you have a decent capital, and maybe a decent enough system you will adhere to, then maybe there's a slight chance you won't blow that first capital. Don't get me wrong, people work wonders with tiny capitals as small as that all the time, but those people are mostly not on their first live accounts.

So will I quit trading? Hell nah! I have actually come to love Forex. And so I will Demo trade again for the next 3 months. After that, I will go live again with a $100 and see how things play out. Hopefully, I will blow it again or not. But whatever happens, whenever I finally decide to trade profitably, I will go in with at least $800 to $1000. Because you see, Babypips was right, Fxwarrior was right, all those people you hear saying you should go in with a decent capital were all right. Tight stops are what will do you in with your tiny capital. Mr Market hates and punishes tight stop losses. And heaven help you if you keep having large stops with your tiny capital.

Wow! I haven't even looked at what is happening in the markets in over 10 days now This week is gone already, I will open a fresh $100 demo account by Monday and get on with it. I can't wait to start really trading my system once again (I never for once traded it while on live.

Apologies to everyone I let down. Special apologies to Infofirst, I hope we still continue to be best buddies. PJAMES1 how are we doing? Femora congrats on going live, but since its not your first live account, I hope you do well, I am really rooting for you! Redsox11 you're really killing this market. Edd1e respects, I am also on your Telegram channel Seyiade how's the tiny live account you were practicing with? Benqozenero (hope I got this right) keep at it bro, you'll get there. Where's Pinbar? I see Currentprice and Tunderr are back too, nice

Thanks everyone!

AwesomeDuru:
WOW! WOW!! Look at all the mentions!! I really really appreciate everyone for looking out. Thread has done more than 40 pages too

I have been away from this thread for 2 reasons.

First, I got a new job. 7am to 7pm Working in Nigeria is modern day slavery I swear, coupled with Lagos daily traffic! This will be a story for another day sha.

Second, my phone. On one of the usual early morning rush, while I struggled to get unto one of the few available buses, phone fell and smashed leaving only half the screen still operative. So while I could still browse and do other things, I could not type fully. I have gotten it fixed now

Phew! So where were we? My account, yes...

Blown

Not long after I started my almighty Live account than I realised I had just begun a totally different battle from what I was used to
Damn! if Forex was Pizza, all demo trading offered was a slice

Live didn't feel like trading at all, there was a lack of the usual adrenaline and happiness that came with trading demo. All I felt everyday I woke up to trade was gloom It Felt like there was a fcking axe (forgive my french) hanging over my head mehn. All I kept hearing in my heart was how 99% of every trader blows their live accounts

And so I traded and traded. Should I even call that trading? NO! I totally ignored my trading system which stated that A + B = Entry Signal

Instead, I did everything opposite!

A - B became my best spots, I entered when I saw C Square + B-, there was no criteria for which I got into trades, I would open positions because I was happy, I got into trades because I simply felt like, other times, it would be just because I needed to have an open position. I scalped most of the time, an act I completely detested during my demo days. Emotion messed up my head pretty damn badly mehn

And Mr Market...Dear old Mr Market was passionately ruthless, it took my matter personal It bought when I sold, it sold when I bought . I would open a position at any little spike, hoping to scalp from it, only for the trade to immediately start going opposite my direction. Stuff of nightmares I tell you. And so I watched helplessly as my account dwindled and depleted before me to my utter dismay and horror.

I could go on and on and talk about the numerous ways emotion toyed with me, but then, that would not be the point.
One word to other aspiring newbies who haven't yet gone live: You see your first account? Especially the one you start with a tiny $100? You'll blow it (You can argue about it all you want). If you have a decent capital, and maybe a decent enough system you will adhere to, then maybe there's a slight chance you won't blow that first capital. Don't get me wrong, people work wonders with tiny capitals as small as that all the time, but those people are mostly not on their first live accounts.

So will I quit trading? Hell nah! I have actually come to love Forex. And so I will Demo trade again for the next 3 months. After that, I will go live again with a $100 and see how things play out. Hopefully, I will blow it again or not. But whatever happens, whenever I finally decide to trade profitably, I will go in with at least $800 to $1000 . Because you see, Babypips was right, Fxwarrior was right, all those people you hear saying you should go in with a decent capital were all right. Tight stops are what will do you in with your tiny capital . Mr Market hates and punishes tight stop losses. And heaven help you if you keep having large stops with your tiny capital.

Wow! I haven't even looked at what is happening in the markets in over 10 days now This week is gone already, I will open a fresh $100 demo account by Monday and get on with it. I can't wait to start really trading my system once again (I never for once traded it while on live.

Apologies to everyone I let down. Special apologies to Infofirst, I hope we still continue to be best buddies. PJAMES1 how are we doing? Femora congrats on going live, but since its not your first live account, I hope you do well, I am really rooting for you! Redsox11 you're really killing this market. Edd1e respects, I am also on your Telegram channel Seyiade how's the tiny live account you were practicing with? Benqozenero (hope I got this right) keep at it bro, you'll get there. Where's Pinbar? I see Currentprice and Tunderr are back too, nice

Thanks everyone!

Many congrats on your new job, hope it gives you opportunity for growth.

@ bolded, experience they say is the best teacher... but blessed are you if learnt from someone other than yourself, which makes the learning curve faster.

^^^Nice of you to return and report what happened to your live account but.. Not sure you should be focusing on the capital side. From what you just said, you couldn't keep the emotions under control, which is the biggest reason why forex is dangerous for 90% of people.. That feeling where you know what you are doing is wrong, but somehow you keep doing it..I mean you didn't even follow your strategy once according to you so how is it an issue of capital?

This is why I don't blame those that say demo trading is a waste of time because the emotions are never the same for the average person.

My first live account was $1000 at a time when dollar was 120. I still crashed it. Crashed a few more of varying sums too.. Emotional failure will happen even with $10,000 as long as you aren't properly equipped to withstand it.

So yeah, learn the real lessons.

Congratulations @awesomeduru.
You did great to have dropped those lines. We definitely will b pals. Like@Shevychen2 stated, it's the capital I disagree with. And like I have stated in the past, if you can not manage $100. Chances are that you will not be able to manage $10,000.
Its just that one is easier to blow than the other. Do not give up. It will get better over time.


Forex is that market that will push you to the extent that you will doubt if it's true some other people are able to withdraw....

AwesomeDuru:
WOW! WOW!! Look at all the mentions!! I really really appreciate everyone for looking out. Thread has done more than 40 pages too

I have been away from this thread for 2 reasons.

First, I got a new job. 7am to 7pm Working in Nigeria is modern day slavery I swear, coupled with Lagos daily traffic! This will be a story for another day sha.

Second, my phone. On one of the usual early morning rush, while I struggled to get unto one of the few available buses, phone fell and smashed leaving only half the screen still operative. So while I could still browse and do other things, I could not type fully. I have gotten it fixed now

Phew! So where were we? My account, yes...

Blown

Not long after I started my almighty Live account than I realised I had just begun a totally different battle from what I was used to
Damn! if Forex was Pizza, all demo trading offered was a slice

Live didn't feel like trading at all, there was a lack of the usual adrenaline and happiness that came with trading demo. All I felt everyday I woke up to trade was gloom It Felt like there was a fcking axe (forgive my french) hanging over my head mehn. All I kept hearing in my heart was how 99% of every trader blows their live accounts

And so I traded and traded. Should I even call that trading? NO! I totally ignored my trading system which stated that A + B = Entry Signal

Instead, I did everything opposite!

A - B became my best spots, I entered when I saw C Square + B-, there was no criteria for which I got into trades, I would open positions because I was happy, I got into trades because I simply felt like, other times, it would be just because I needed to have an open position. I scalped most of the time, an act I completely detested during my demo days. Emotion messed up my head pretty damn badly mehn

And Mr Market...Dear old Mr Market was passionately ruthless, it took my matter personal It bought when I sold, it sold when I bought. I would open a position at any little spike, hoping to scalp from it, only for the trade to immediately start going opposite my direction. Stuff of nightmares I tell you. And so I watched helplessly as my account dwindled and depleted before me to my utter dismay and horror.

I could go on and on and talk about the numerous ways emotion toyed with me, but then, that would not be the point.
One word to other aspiring newbies who haven't yet gone live: You see your first account? Especially the one you start with a tiny $100? You'll blow it (You can argue about it all you want). If you have a decent capital, and maybe a decent enough system you will adhere to, then maybe there's a slight chance you won't blow that first capital. Don't get me wrong, people work wonders with tiny capitals as small as that all the time, but those people are mostly not on their first live accounts.

So will I quit trading? Hell nah! I have actually come to love Forex. And so I will Demo trade again for the next 3 months. After that, I will go live again with a $100 and see how things play out. Hopefully, I will blow it again or not. But whatever happens, whenever I finally decide to trade profitably, I will go in with at least $800 to $1000. Because you see, Babypips was right, Fxwarrior was right, all those people you hear saying you should go in with a decent capital were all right. Tight stops are what will do you in with your tiny capital. Mr Market hates and punishes tight stop losses. And heaven help you if you keep having large stops with your tiny capital.

Wow! I haven't even looked at what is happening in the markets in over 10 days now This week is gone already, I will open a fresh $100 demo account by Monday and get on with it. I can't wait to start really trading my system once again (I never for once traded it while on live.

Apologies to everyone I let down. Special apologies to Infofirst, I hope we still continue to be best buddies. PJAMES1 how are we doing? Femora congrats on going live, but since its not your first live account, I hope you do well, I am really rooting for you! Redsox11 you're really killing this market. Edd1e respects, I am also on your Telegram channel Seyiade how's the tiny live account you were practicing with? Benqozenero (hope I got this right) keep at it bro, you'll get there. Where's Pinbar? I see Currentprice and Tunderr are back too, nice

Thanks everyone!

congrat on ur new job. That is the spirit, never give up. There is always room for improvement

infofirst:
Congratulations @awesomeduru.
You did great to have dropped those lines. We definitely will b pals. Like@Shevychen2 stated, it's the capital I disagree with. And like I have stated in the past, if you can not manage $100. Chances are that you will not be able to manage $10,000.
Its just that one is easier to blow than the other. Do not give up. It will get better over time.


Forex is that market that will push you to the extent that you will doubt if it's true some other people are able to withdraw....

lol @ the bolded. How has been trading this week

Shevychen2:
^^^Nice of you to return and report what happened to your live account but.. Not sure you should be focusing on the capital side. From what you just said, you couldn't keep the emotions under control, which is the biggest reason why forex is dangerous for 90% of people.. That feeling where you know what you are doing is wrong, but somehow you keep doing it..I mean you didn't even follow your strategy once according to you so how is it an issue of capital?

This is why I don't blame those that say demo trading is a waste of time because the emotions are never the same for the average person.

My first live account was $1000 at a time when dollar was 120. I still crashed it. Crashed a few more of varying sums too.. Emotional failure will happen even with $10,000 as long as you aren't properly equipped to withstand it.

So yeah, learn the real lessons.

You've come a long way Boss, no wonder you're now a big man on darwinex. Pls show us the way o

@awesomeduru welcome back.

femora007:
lol @ the bolded. How has been trading this week

Trading manageable so far. Chopin 20s pips from gu here and there. The up and down no let things move well. How is it from your end?

coolvibes:

Pls show us the way o

I don dey show the way since nah. If your trading is decent, just go to the Darwinex website and create an account (just search online for their website. Not posting any links before some idiots say I am looking for affiliates chicken change). You can import your history from your current broker or start afresh.. If you get good scores in the attributes they measure, you are good to go. Apart from the around $30m their investors have, the company shares a maximum of €4.5m EVERY month to the top 60 traders for the month. The amount you will get is decided by how much deposit you have and the position you finish.

Funding is now easier than before for Africans too as they now allow credit cards and Skrill to fund. Minimum balance is still $500 though.

Took me just a few months to get over $100,000 in investment with them so you can see why I will never understand these people spamming everywhere looking for who to give them money.

Even if its $100 you have, remove your mind and trade it professionally with forextime or any of these small brokers for a year or so.. Ensure the drawdown is reasonable compared to returns, Take responsible risks, avoid martingale..Then when the money is $500+, withdraw it and send to Darwinex, import your history from the old broker. If you did all I said above and can maintain the discipline indefinitely, I can guarantee that three months from when you joined (performance fees are paid every three months), your first payment will be more than your capital. Then imagine where you will be in a year..This is a long term plan that is worth it..

Really sad to me when I see people putting pressure on themselves to make millions from their tiny <$1,000 account. All I can see is an account that will be crashed sooner or later 90% of the time.

Anyways, I have preached enough.

what kind of Card works for deposit in Darwinex, is it the normal ATM card?
naira/dollar Card?

Shevychen2:


I don dey show the way since nah. If your trading is decent, just go to the Darwinex website and create an account (just search online for their website. Not posting any links before some idiots say I am looking for affiliates chicken change). You can import your history from your current broker or start afresh.. If you get good scores in the attributes they measure, you are good to go. Apart from the around $30m their investors have, the company shares a maximum of €4.5m EVERY month to the top 60 traders for the month. The amount you will get is decided by how much deposit you have and the position you finish.

Funding is now easier than before for Africans too as they now allow credit cards and Skrill to fund. Minimum balance is still $500 though.

Took me just a few months to get over $100,000 in investment with them so you can see why I will never understand these people spamming everywhere looking for who to give them money.

Even if its $100 you have, remove your mind and trade it professionally with forextime or any of these small brokers for a year or so.. Ensure the drawdown is reasonable compared to returns, Take responsible risks, avoid martingale..Then when the money is $500+, withdraw it and send to Darwinex, import your history from the old broker. If you did all I said above and can maintain the discipline indefinitely, I can guarantee that three months from when you joined (performance fees are paid every three months), your first payment will be more than your capital. Then imagine where you will be in a year..This is a long term plan that is worth it..

Really sad to me when I see people putting pressure on themselves to make millions from their tiny <$1,000 account. All I can see is an account that will be crashed sooner or later 90% of the time.

Anyways, I have preached enough.

what kind of Card works for deposit in Darwinex, is it the normal ATM card?
naira/dollar Card?

Shevychen2:


I don dey show the way since nah. If your trading is decent, just go to the Darwinex website and create an account (just search online for their website. Not posting any links before some idiots say I am looking for affiliates chicken change). You can import your history from your current broker or start afresh.. If you get good scores in the attributes they measure, you are good to go. Apart from the around $30m their investors have, the company shares a maximum of €4.5m EVERY month to the top 60 traders for the month. The amount you will get is decided by how much deposit you have and the position you finish.

Funding is now easier than before for Africans too as they now allow credit cards and Skrill to fund. Minimum balance is still $500 though.

Took me just a few months to get over $100,000 in investment with them so you can see why I will never understand these people spamming everywhere looking for who to give them money.

Even if its $100 you have, remove your mind and trade it professionally with forextime or any of these small brokers for a year or so.. Ensure the drawdown is reasonable compared to returns, Take responsible risks, avoid martingale..Then when the money is $500+, withdraw it and send to Darwinex, import your history from the old broker. If you did all I said above and can maintain the discipline indefinitely, I can guarantee that three months from when you joined (performance fees are paid every three months), your first payment will be more than your capital. Then imagine where you will be in a year..This is a long term plan that is worth it..

Really sad to me when I see people putting pressure on themselves to make millions from their tiny <$1,000 account. All I can see is an account that will be crashed sooner or later 90% of the time.

Anyways, I have preached enough.

Thanks Boss. Super grateful for this.

Three things that will re define your trading


1. Emotion control - solution is : use a better capital. Don't borrow money or collect from people to trade.. Learn how to swing trade.. Don't trade everyday

2,..set monthly targets... Follow your plans


3...reduce your pairs . focus on 2 or 3

redsox11:
Sluggish week, maybe this statement is going to work the market and produce some good move.

GBP pairs have been a mess of recent ,, no more beautiful trends since this brexit stuff heated up

Shevychen2:


I don dey show the way since nah. If your trading is decent, just go to the Darwinex website and create an account (just search online for their website. Not posting any links before some idiots say I am looking for affiliates chicken change). You can import your history from your current broker or start afresh.. If you get good scores in the attributes they measure, you are good to go. Apart from the around $30m their investors have, the company shares a maximum of €4.5m EVERY month to the top 60 traders for the month. The amount you will get is decided by how much deposit you have and the position you finish.

Funding is now easier than before for Africans too as they now allow credit cards and Skrill to fund. Minimum balance is still $500 though.

Took me just a few months to get over $100,000 in investment with them so you can see why I will never understand these people spamming everywhere looking for who to give them money.

Even if its $100 you have, remove your mind and trade it professionally with forextime or any of these small brokers for a year or so.. Ensure the drawdown is reasonable compared to returns, Take responsible risks, avoid martingale..Then when the money is $500+, withdraw it and send to Darwinex, import your history from the old broker. If you did all I said above and can maintain the discipline indefinitely, I can guarantee that three months from when you joined (performance fees are paid every three months), your first payment will be more than your capital. Then imagine where you will be in a year..This is a long term plan that is worth it..

Really sad to me when I see people putting pressure on themselves to make millions from their tiny <$1,000 account. All I can see is an account that will be crashed sooner or later 90% of the time.

Anyways, I have preached enough.

Thanks for this info. Never new such opportunity exit. I have always have passion
for forex trading, even when i don't know it has so much benefits like this. The more i find out about all these benefits, the more i see forex trading as a career

Sell
USD/JPY @ current market price
Stop loss:111.240

AntiZombie:


Crude and Dow Jones only

10%+ monthly

how is everyone doing here? una no dey ask for person as an upcoming trader abi?? How u guys coping with ranging and choppy market these days?

@antizombies and GladmanGoddey ,dow jones is not a commodities but indices (or indexes or futures on some platforms). When you learn how to trade dow jones (us30) and nasdaq (us100) , you will know the reasons why world top billionaires market shares are under them and they keep making lots profits year in year out. I always wondered while many traders always overlook them. It may be slow but easy to predict and scalp even from 1mins chat. Have you ever wondered why they are the most quoted stock in wall street? only deep traders understand this.
On the other hand, commodities as asked by GladmanGoddey, they are like cocoa, fruit and sugar (soft commodities ) while crude oil is hard commodities. The soft ones are less traded on the platform because of slow liquidity and seasonal price fluntuations. Many of us want fast money with less patience. So understand the differences.

Shevychen2:
^^^Nice of you to return and report what happened to your live account but.. Not sure you should be focusing on the capital side. From what you just said, you couldn't keep the emotions under control, which is the biggest reason why forex is dangerous for 90% of people.. That feeling where you know what you are doing is wrong, but somehow you keep doing it..I mean you didn't even follow your strategy once according to you so how is it an issue of capital?

This is why I don't blame those that say demo trading is a waste of time because the emotions are never the same for the average person.

My first live account was $1000 at a time when dollar was 120. I still crashed it. Crashed a few more of varying sums too.. Emotional failure will happen even with $10,000 as long as you aren't properly equipped to withstand it.

So yeah, learn the real lessons.

You have talked about this quite a number of times here. The first time I saw it here, I thought it was an exaggeration,but I have checked it, lo and behold it was very real.
Personally I have been working on my account to have a reputable history, like you advised after six months I will switch to Darwinex,they make alot of Sense.The challenge for me is to do my homework well then things will surely flow naturally, hardwork comes before money,Now it's a very serious vocation that requires all your mental and physical resources.
Thanks once again for bringing priceless information to us.

redsox11:
Sluggish week, maybe this statement is going to work the market and produce some good move.

Yesterday’s news report was good because on GJ, price formed an inverted hammer on daily retracements. Besides May released a video on Twitter why she wants to leave but she wants to leave EU with a deal.

In short the bulls will run soon.

priceaction:

how is everyone doing here? una no dey ask for person as an upcoming trader abi?? How u guys coping with ranging and choppy market these days?

@antizombies and GladmanGoddey ,dow jones is not a commodities but indices (or indexes or futures on some platforms). When you learn how to trade dow jones (us30) and nasdaq (us100) , you will know the reasons why world top billionaires market shares are under them and they keep making lots profits year in year out. I always wondered while many traders always overlook them. It may be slow but easy to predict and scalp even from 1mins chat. Have you ever wondered why they are the most quoted stock in wall street? only deep traders understand this.
On the other hand, commodities as asked by GladmanGoddey, they are like cocoa, fruit and sugar (soft commodities ) while crude oil is hard commodities. The soft ones are less traded on the platform because of slow liquidity and seasonal price fluntuations. Many of us want fast money with less patience. So understand the differences.

I see thank you for educating me i really appreciate, am trying to add more instrument to my trading and not only focus on forex pairs because when market is choopy i cant make any decent profit. This week like this has been very annoying for me, i was only able to profit from gold and all the rest price is just dancing around my entry i dont know what he is waiting for. So to avoid doing some stupid decisions based on emotion i want to add more instrument to my trading list. Can you suggest some to me?

Shevychen2:
^^^Nice of you to return and report what happened to your live account but.. Not sure you should be focusing on the capital side. From what you just said, you couldn't keep the emotions under control, which is the biggest reason why forex is dangerous for 90% of people.. That feeling where you know what you are doing is wrong, but somehow you keep doing it..I mean you didn't even follow your strategy once according to you so how is it an issue of capital?

This is why I don't blame those that say demo trading is a waste of time because the emotions are never the same for the average person.

My first live account was $1000 at a time when dollar was 120. I still crashed it. Crashed a few more of varying sums too.. Emotional failure will happen even with $10,000 as long as you aren't properly equipped to withstand it.

So yeah, learn the real lessons.

funny enough i built my own trading discipline on larger accounts

cause maybe i was content with a few trades a month

JAkpayen:
@Currentprice,

What's the latest on oil price? I'm looking forward to OPEC meeting next week and hoping they boost oil supply so that prices can start falling. We need oil glut.

I'm sorry to Nigerian FG pegging your budget benchmark at $60. We are speculators here and we need money to take care of basic things your are neglecting for us.

my brother oyel is poison to go more higher o,, as we know it not going to move on straight line. it will continuing providing menu _falls on the road to the north