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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts: Season 20 (571169 Views)
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Re: Forex Trade Alerts: Season 20 by Tonyfx: 10:54pm On May 02, 2020 |
@tundeontop One more thing, always look at the higher timeframe to see what the market is doing. Example if you're looking for setup on the 4hr chart, look at the daily TF to see what the bias is and trade in line with it. 1 Like |
Re: Forex Trade Alerts: Season 20 by Gasive: 11:20pm On May 02, 2020 |
Richsteemit: 3 Likes
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Re: Forex Trade Alerts: Season 20 by Richsteemit: 11:29pm On May 02, 2020 |
Donvic4u:Thnks |
Re: Forex Trade Alerts: Season 20 by tundeontop: 1:44am On May 03, 2020 |
Tonyfx:Thanks boss and other contributors...I appreciate 2 Likes |
Re: Forex Trade Alerts: Season 20 by TheYoda: 5:28am On May 03, 2020 |
Tonyfx:All good points Tony gave you here. tundeontop: tundeontop:If I get you correctly, you're trading 0.2 lot size on each 100$ you deposited. Meaning, you need about 50pips movement to double/burn your account. Same thing as trading standard lot size ( 1.0 lot size , 1pip = 10$ ) on a 500$ account. You're trading so big lot size compare to your capital, that's the number 1 problem you have. As you're new trader, you have to scale down a whole lot. You shouldn't be trading more than 0.01 lot size, don't look at the money yet, first try to be consistent , then you can scale up after been consistent. If you are among the lucky / brilliant few, you will get that consistency around 2 YEARS but if you are not, it's going to take you few more years or NEVER. It's a long rough and tough road, you need to be prepared mentally but nothing is impossible. Good luck. Richsteemit:Not really, If you have an idea about trading, or have a trading system, you can have that system coded by programmer into EA (so called ROBOT), that will take trade for you, It will take those trade according to what is programmed inside the robot. Same way you can have your system programmed as dashboard, that way, if any pair meet your entry criteria , the dashboard will give you alert (sound / pop up msg / email / telegram alert ) . 5 Likes |
Re: Forex Trade Alerts: Season 20 by Karleb(m): 8:01am On May 03, 2020 |
^^^^^^^ Completely agree. I don't understand. Fx traders are always looking for trading strategy and not money management. The latter should always come before the former. 2 Likes |
Re: Forex Trade Alerts: Season 20 by harizonal123(m): 9:38am On May 03, 2020 |
Quote of the week "Full-time trading" does NOT mean being stuck in front of your screens trading all day long. It only means that trading is your source of income." 2 Likes |
Re: Forex Trade Alerts: Season 20 by Tonyfx: 9:50am On May 03, 2020 |
Richsteemit: Abeg come code forex for me na then connect am to my bank account make I for dey wake up to see alert daily 1 Like |
Re: Forex Trade Alerts: Season 20 by Failure44: 9:55am On May 03, 2020 |
Hi, I'm glad I finally discovered a forex thread. I just started learning about it 2 days ago so I'm still very new and I know a reasonable amount of terminologies but idk if there's anyone here that can take from their free time and educate me I use meta trader 4 and 5 |
Re: Forex Trade Alerts: Season 20 by Failure44: 9:58am On May 03, 2020 |
MrStealYourGirl:Bro please can I be added 09077496803 |
Re: Forex Trade Alerts: Season 20 by peteregwu(m): 10:25am On May 03, 2020 |
Richsteemit: Read through their terms and condition. But they do give anyway. |
Re: Forex Trade Alerts: Season 20 by Tonyfx: 10:33am On May 03, 2020 |
Happy Sunday people 1 Like
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Re: Forex Trade Alerts: Season 20 by Gasive: 11:20am On May 03, 2020 |
Tonyfx: Happy Sunday to you. 1 Like |
Re: Forex Trade Alerts: Season 20 by tundeontop: 11:41am On May 03, 2020 |
TheYoda:Thank you Sir, All points noted Sir.. |
Re: Forex Trade Alerts: Season 20 by Donvic4u(m): 12:23pm On May 03, 2020 |
peteregwu: They still give? When Last did you or anyone receive it? |
Re: Forex Trade Alerts: Season 20 by Donvic4u(m): 12:27pm On May 03, 2020 |
"Forget all your ability, strip everything back: if you can work hard every day, in whatever job you do you'll be successful." Sir Alex Ferguson Great trading week ahead 4 Likes |
Re: Forex Trade Alerts: Season 20 by Richsteemit: 12:40pm On May 03, 2020 |
Tonyfx: I don't know how to code forex |
Re: Forex Trade Alerts: Season 20 by Richsteemit: 12:42pm On May 03, 2020 |
Donvic4u: Like that |
Re: Forex Trade Alerts: Season 20 by Tonyfx: 12:47pm On May 03, 2020 |
Richsteemit: I was being sarcastic |
Re: Forex Trade Alerts: Season 20 by karkinase(m): 12:50pm On May 03, 2020 |
Karleb:For me money management is the holy grail of trading... 2 Likes |
Re: Forex Trade Alerts: Season 20 by nikdam: 3:04pm On May 03, 2020 |
Failure44:search for and watch 'no nonsenseforex' and 'wysetrade' on youtube. Try and research as much as you can on forex ( at least google is your friend). Keep practicing trading on mt4&/5 platforms and don't stop researching at the same time. You have to make eforts to do some work on your own, investing either your time or money to get knowledge. You will get there. Then you can ask questions on stuffs you don't understand in forums like this. I think that is better than everyone expecting to be spoon-fed without making any efforts on their own first. That's my one cent. 1 Like |
Re: Forex Trade Alerts: Season 20 by Failure44: 3:37pm On May 03, 2020 |
nikdam:Your advice is much appreciated I have seen some videos from no nonsense forex. Will contine to do so. 1 Like |
Re: Forex Trade Alerts: Season 20 by TheYoda: 3:58pm On May 03, 2020 |
Karleb:Strategy should come before money management. One can't determine money management just yet without deciding what strategy to go with. Strategy will tell you what stop loss is required , how often in a day / week / month you get entry signals , idea of win loss, risk : reward etc. Without knowing all this, no money management plan could be drawn up. karkinase:Money management is good, but without good strategy, no money management can save you, you will just die by a thousand stab. |
Re: Forex Trade Alerts: Season 20 by harizonal123(m): 6:01pm On May 03, 2020 |
Month of April Pips where very hard to extract from the market this time around. It was more of returning back bulk of the profits after each win. In the end I managed to rake in +590pips in total. Consistency, discipline & confidence in knowing what you do always wins the game 4 Likes |
Re: Forex Trade Alerts: Season 20 by Nobody: 8:14pm On May 03, 2020 |
harizonal123: 590 pips? You're the boss 1 Like |
Re: Forex Trade Alerts: Season 20 by saxy4c(m): 9:04pm On May 03, 2020 |
I would continue to disagree with any time duration given to learning how to trade well, I'm not just talking about only learning how to grasp the basic trading concepts well sef, but being a consistently profitable trader [I just sounded like I want to market something ] The longer you've been exposed to trading the harder it is to get rid of the junk you've learnt and adhere to a profitable system. You use a strategy to trade right? Are you going to tell me that a total newbie cant grasp the concept of your system in a month and within 3 months started making consistent pips while they are learning other basics? I have met traders who knew nothing about forex and are making weekly turnover from using one strategy. Let's not restrict our minds on this forex thing. It is not as complicated as we make it seem. TheYoda: 3 Likes 1 Share |
Re: Forex Trade Alerts: Season 20 by graciousolo(m): 9:32pm On May 03, 2020 |
saxy4c: Gotta agree. I read a book... The way of the turtle or something. These guys learnt how to trade in two weeks and went on to be one of the most successful stock traders in that decade. Under the right conditionss, two weeks is enough to learn and execute. |
Re: Forex Trade Alerts: Season 20 by hidhrhis(m): 10:01pm On May 03, 2020 |
I have a funaabite who convinced people to come and invest in Forex and transfer the money to another person to trade for him fortunately for him he got 1.3 million from people in which he will earn 10percent of the money and the owner of the money will get 40 percent of his money sadly the guy trading for them absconded with the money. My friend had to learn forex within 3 weeks of intense YouTube learning,reading of PDF and practicing with demo account so that he will be able to refund their money He is now trading without blowing his account He has grown the account to 400 dollars from 100 dollars in less than 4 month. It is possible to start trading within a month amd make it in Forex it depends on how devoted you are to the cause I do spend nothing less than 7 hours reading,watching YouTube and practicing with my demo account and I'm making it without losing much And I started learning at the beginning of lockdown I trade my demo account like it real and I focus on every tiny mistake I make cos I know when I go live every little mistake I ignore may be my downfall in forex I read and spend majority of my time reading about forex and watching YouTube videos Emmanuel otabor Rayner trade And also get all the PDF I found in the telegram group pipcrest signal that goes in line with how I want to trade and I'm doing a great job Don't let anyone tell you that you must stay on demo account for a year or 2 before you can go live Our level of understanding and taking things in is different Some of us here aren't doing anything at home I don't watch film neither do I play around If I'm not reading novel on literature section or viewing toks car on auto section I will be on my laptop or phone watching YouTube videos on forex or reading PDF or checking out some comment on here on some trade that went sour or well Now tell me how it will take 2 years for me to learn 1 Like |
Re: Forex Trade Alerts: Season 20 by saxy4c(m): 10:16pm On May 03, 2020 |
I'm a turtle follower Confirmed water side fisher, lol. graciousolo: |
Re: Forex Trade Alerts: Season 20 by Nobody: 11:07pm On May 03, 2020 |
selling GOLD 1698 TP 1650 SL 1707. SELL USCAD 4100 . SL 4111, TP 4020 |
Re: Forex Trade Alerts: Season 20 by TheYoda: 11:44pm On May 03, 2020 |
hidhrhis:Your friend is doing great, wish him all the best BUT 4 month is not enough to say successful. hidhrhis:Hmm 1 month and be profitable, hehehe . In a dreamland or a fairytale, maybe. All you people thinking this is get rich quick business. 1 Like |
Re: Forex Trade Alerts: Season 20 by saxy4c(m): 11:48pm On May 03, 2020 |
Buying Gold buy 1695 Tp 1710 Sl 1687 |
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