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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts: Season 19 (363583 Views)
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Re: Forex Trade Alerts: Season 19 by Capitals: 9:30am On Oct 05, 2019 |
Sure there are lots of lessons learnt these few days. It a red flag for anyone to ask for money to trade/provide signals without showing actual verifiable trade track records covering several months. Alternatively, why not just take valuable advise already shared on this platform... Simple concepts, you can attract capital on certain platforms just by showing you have the requisite skillset for trading (I got that here from Shevychen and other great minds) For investors, there are platforms were you can access a traders unbiased track records before putting your money down. Meshpips, I hope you find your rhythm and when you do, it will be nice to read that you repaid the brother any outstanding funds inspite of whatever just transpired. 6 Likes |
Re: Forex Trade Alerts: Season 19 by Capitals: 9:40am On Oct 05, 2019 |
Capitals:Plan unchanged even if the sell limit orders may fail 1 Like
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Re: Forex Trade Alerts: Season 19 by beejaay: 9:56am On Oct 05, 2019 |
Forex is a lonely journey and every loneliness requires an unbiased introspection...do this regularly and maybe you can get there in say five, ten, or fifteen years(am not there yet as I still burn my own money from time to time)...most of us will eventually regret going the Forex way when we finally realized the number of years we have wasted drawing lines and making sense of insensible things and comparing it with if we had used that same years on some other endeavour... The real successful one will have to realize that trading is a dumb game and you have to act dumb (which happen to be the greatest form of intellect) to move with it, you will be surprised that a five years old will perform wonderfully well with a single moving average that most of us cos the concept of complexity will not affect him..ones this is achieved a 200 dollars account can change to a million and the realization of looking for who to trade for will appear like a waste of time....anyone still seeking for who to trade for or signals to sell is yet to get there with exception to darwinex format where you ain't really trading other people's money persay.... 5 Likes 1 Share |
Re: Forex Trade Alerts: Season 19 by Nobody: 10:11am On Oct 05, 2019 |
Capitals: I feel i should quote this, don't like commenting much. I put checks and balances to trading for friends and clients since 2014 when i first took 500 dollars from someone in my Church to trade. This guy keep putting me under undue pressure immediately i took his money. I had to open account for him and started trading. A week after, i had lost 50 dollars on a eurusd daily retracement which eventually would have been profitable had i held the market, out of impatience the client threatened to arrest me if i did not refund his money. I initiated withdrawal into his account and was forced to refund 25 dollars to him as we both shared the loss 50/50. i had my name and reputation to protect, still do. Since then, i drew a template of an agreement from a lawyer friend explicitly stating rules of engagement. I was not that good but i had luck making profits then with my strategies. Infact, i made a minimum of 150 dollars daily for straight 2 weeks at some point trading eu on Asian session, and a little days of loss before the market change and the strategy started messing up. The eurusd used to make an average of 90 to 120 pips during asia session. All of a sudden, eu barely made 20 pips during same session, so i begin to lose but i never lose more than 50 percent before i withdraw my money so as to save me from getting emotional and making revenge trading. I guess market change everyday. In that agreement, i stated the risks involved in trading and then i agreed to cover any loss in excess of 15 percent of the initial deposit. The clients sign the agreement and i sign and give a copy to Lawyer friend(for free ni o) <smiles>. Since then, my life had been without issues and stress. Now, i trade for myself and myself only as i actually have lots on my hands already to start asking to trade for people. What i am saying is this, anyone trying to trade for someone should do it one on one. See the individual, ask for some evidence of actual profits or at least some sign of real undoctored and consistent performance. Draw an agreement and ensure the person trading for you sign that he will cover the cost if the loss exceed some percentages. Sending money to someone you meet on nairaland or facebook is not advisable, well it could work but people are different. I know there are economic challenges but we should not allow our desperation to make money and survive overwhelm our humanity, tarnish our credibility and soil our name. Overleveraging the market to hit a jackpot of a million dollar using other people's money or even our money is not advisable for the sanity of our clients and that of our family members. Let people know you as a highly credible and trusted individual and i tell you, that trait or character is scarce and people will come looking for you even all the way from planet pluto. Please don't get me wrong o. I am not stylishly marketing myself o, as i had stated earlier, i am still a learner and will keep learning. I don't trade for people and not soliciting for any account here, so any mail sent to me will not be responded to. Yeap, when it comes to money matter, i love to keep my hands clean for my sanity. Please enjoy your weekend. 8 Likes |
Re: Forex Trade Alerts: Season 19 by drpips1(m): 10:37am On Oct 05, 2019 |
beejaay: I love your insight, most of the companys now don't seek to employ any manual mode trading individuals but rather analyse the statistics of the data they get from the market by machine learning, if you see too much brother you will also act dumb in the face of non authentic opinions. Forex is a serious business not a child's play that anyone will claim to be master of what decision all the world government will take and yet not even a commercial trader but a retail type by the way 1 Like |
Re: Forex Trade Alerts: Season 19 by djwalata(m): 10:51am On Oct 05, 2019 |
One of the trading quotes I love so much... The Best Trading Strategy Will Still Fail You If You Can't Learn To Control Your Emotional Attachment To Trades. 4 Likes |
Re: Forex Trade Alerts: Season 19 by djwalata(m): 10:59am On Oct 05, 2019 |
Traders should stop thinking about how much they can profit and start focusing on how much they're risking. Forex trading is a marathon and not a sprint. 2 Likes |
Re: Forex Trade Alerts: Season 19 by Tiwasvibe: 1:29pm On Oct 05, 2019 |
djwalata: Both those elements are not totally mutually exclusive bro. Focusing on how much you’re risking as against a how much you can profit is bad money management. As a rule of thumb, there has to be proper analysis of the Risk to Reward ratio that way you can enter a trade without risking more than you expect to profit. This doesn’t mean you’re not willing to loose, but then it both your loss and gains are clinical calculated. FEMFIC FX |
Re: Forex Trade Alerts: Season 19 by Tiwasvibe: 1:29pm On Oct 05, 2019 |
djwalata:Couldn’t agree less |
Re: Forex Trade Alerts: Season 19 by djwalata(m): 3:39pm On Oct 05, 2019 |
Professional traders only place trades that meet the rules in their trading plans. Stop jumping in and out like a gambler. Forex is not going anywhere. 2 Likes |
Re: Forex Trade Alerts: Season 19 by Nobody: 3:43pm On Oct 05, 2019 |
drpips1: have you started learning python? |
Re: Forex Trade Alerts: Season 19 by TraDeRR: 4:18pm On Oct 05, 2019 |
Optimisticgondy: Wow! Lol |
Re: Forex Trade Alerts: Season 19 by TraDeRR: 4:27pm On Oct 05, 2019 |
currentprice: Some people just dey too heartless for this world! Menh No matter what he shouldn’t have replied the guy with all those nonsense he wrote... “token for new baby” see rubbish talk.. smh nawah for this life oo 3 Likes |
Re: Forex Trade Alerts: Season 19 by TraDeRR: 4:32pm On Oct 05, 2019 |
I don’t understand why you allow him to trade that 50k.. Oga nawah for you self oo.. someone that blew up your 200k within 2 days, gave you 1/4 of the money back and you did not run with it? 3 Likes |
Re: Forex Trade Alerts: Season 19 by TraDeRR: 4:36pm On Oct 05, 2019 |
Witches amebooooo! weytin you find reach here ? Lolzz 1 Like |
Re: Forex Trade Alerts: Season 19 by Witches: 5:03pm On Oct 05, 2019 |
TraDeRR: We casted a spell on VICTOR but it went to Meshpip ? 1 Like |
Re: Forex Trade Alerts: Season 19 by peteregwu(m): 5:15pm On Oct 05, 2019 |
Guys that trade forex, pls, can one withdraw money from webmoney to a dollar bank account in Nigeria? |
Re: Forex Trade Alerts: Season 19 by Abilistic(m): 6:44pm On Oct 05, 2019 |
peteregwu: Why not sell to exchanger? |
Re: Forex Trade Alerts: Season 19 by Nobody: 10:26pm On Oct 05, 2019 |
You choose who ever you wanna become. Think and Dream big. Life is a marathon and not a sprint. So don’t judge your results yet, give it time and follow working principles. Our setups are dropping soon and I’m also working on an article titled Can one ever be Financially Free? Please do visit my blog. 2 Likes
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Re: Forex Trade Alerts: Season 19 by GladmanGoddey(m): 7:07am On Oct 06, 2019 |
bojbest:Powerful ONE Happy Sunday Guys |
Re: Forex Trade Alerts: Season 19 by drpips1(m): 7:39am On Oct 06, 2019 |
wamiikechukwu: Since broh, Python so far to me is the simplest language a beginner can start with considering the syntax and expression. Its been a while broh 1 Like |
Re: Forex Trade Alerts: Season 19 by drpips1(m): 7:44am On Oct 06, 2019 |
peteregwu: You have to pass two verification level, think first level is passport, process is complex and some pages are just in Russian |
Re: Forex Trade Alerts: Season 19 by djwalata(m): 12:42pm On Oct 06, 2019 |
If u r in a hurry, u might never get there, Forex trading should b pursued in a progressive manner for haste doesn't always bring success. Happy pips week. 3 Likes |
Re: Forex Trade Alerts: Season 19 by TheYoda: 3:50pm On Oct 06, 2019 |
TheYoda: TheYoda: TheYoda: This past week, Before and After 2 Likes
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Re: Forex Trade Alerts: Season 19 by TheYoda: 4:10pm On Oct 06, 2019 |
TheYoda: Before and After
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Re: Forex Trade Alerts: Season 19 by TheYoda: 4:20pm On Oct 06, 2019 |
Busy weekend, need to come up with this week " Watch-list " and trade to take. 1 Like |
Re: Forex Trade Alerts: Season 19 by femora007(m): 5:20pm On Oct 06, 2019 |
Gold sell on my mind |
Re: Forex Trade Alerts: Season 19 by harizonal123(m): 5:45pm On Oct 06, 2019 |
Quote of the week for newbies following green and red traffic light.... 2 Likes
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Re: Forex Trade Alerts: Season 19 by saxy4c(m): 8:35pm On Oct 06, 2019 |
Done bro? meshpips: 3 Likes |
Re: Forex Trade Alerts: Season 19 by Nobody: 9:24pm On Oct 06, 2019 |
New week. What I think could happen to UsdCad pair this week. Check it out and filter with your strategy. https://9jaforextrader..com/2019/10/trade-setups-for-2nd-week-of-october.html 1 Like |
Re: Forex Trade Alerts: Season 19 by saxy4c(m): 11:03pm On Oct 06, 2019 |
Looking back at a lot of what you write, it's just plenty talk which can't be implemented by an actual trader and you're making yourself lose a whole of respect. I honestly would never have taken your trade explanations seriously, hence the reason I asked you about the percentage accuracy of whatever system you are trying to hype. The truth is that real traders show results as a result of sticking to their trade plans. No real trader especially as experienced as you claim would blow up almost 700usd no matter if the market crashed like in 2008. What is the use of all these your theories if you can't produce practical results. Please let's try not to dent the image of the real hardworking traders here. There are too many stories here. Trading is practical, let us trade!! meshpips: 7 Likes |
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