Pipsbasketings:
It is not just bad, but extremely bad. only 1 out of 5000 successful fx traders do this - I will never and forever recommend no SL. Only one candle can most definitely wipe your account.

Check my reply to someone about 2weeks ago on this.

saxy4c:
NZDUSD & NZDCAD. Always add broker spreads.

Selling GBPAUD 8030 SL 8050 TP 7750

saxy4c:
Buying GBPJPY 135.27 SL 134.87 Tp 136.70

Would be looking to buy Gold on dips to 1925 today. Although 1908 could push price down.

saxy4c:
GBPJPY is stalling but still a good setup. Retest of broken structure and rejection PA. If it doesn't go as planned, the market was wrong.

I learnt to focus on where you want it to go and take your mind off worry by risking appropriately. The market would always give another opportunity. ALWAYS!

Selling EURAUD 6385 SL 6425 Tp open

saxy4c:
Have no idea what local man has pressed to make the screen on this device go black.
Breakfast is here. Manage risk appropriately. Not a bad idea to close shop early on NFP FRI day!!!

saxy4c:
Seems like GBPJPY has obeyed structure

Selling AUDCAD 9535 SL 9560 Tp open

saxy4c:
GBPJPY closing below this point is a close for buys.

Selling GBPUSD 2940 SL 2975 Tp 2700.

nuel101:


So... saxy4c you trade with just price actions ?? ..

You guys are good o

peteregwu:
Buying usdcad @ 1.33144 tp 35252
Sl 1.32830

nuel101:


So... saxy4c you trade with just price actions ?? ..

You guys are good o

surely22:


Na Demo money nah.

If na real cash, I doubt he'll be doing that upandan.

Ha! Heart attack straight up.

saxy4c:
Buying GBPJPY 135.27 SL 134.87 Tp 136.70

Would be looking to buy Gold on dips to 1925 today. Although 1908 could push price down.

saxy4c:
Would now close Gold buys. Sell here at 1915 with SL 1918. Aiming for 1885.

nuel101:


So... saxy4c you trade with just price actions ?? ..

You guys are good o

saxy4c:
Buying GBPJPY 135.27 SL 134.87 Tp 136.70

Would be looking to buy Gold on dips to 1925 today. Although 1908 could push price down.

saxy4c:
Going to secure stop profits to 1908 and set a buy limit at 1892 with Sl 1885, still feel she needs to touch 1925 area before a good fall.

It makes no difference, you and surely22 should stop these insensitive comments. It derails the thread.

Please note that If you are successful trading demo, you will surely be successful trading real account as long as you repeat the same thing and vice versa, (NOTE THE WORD SUCCESSFUL). A lot of you trade unrealistic capital on demo, make some pips and run to real with $100, by the time you experience small -ve pips, you start to panic and end up blowing your account or withdraw the remainder. Then assume or conclude that no one trades live or real account on Forex Trade Alerts on Nairaland; all these don't come up on foreign threads.

Real or demo is not what matters but the understanding of the market and its sustainability; respect those that remain active still, at least, appreciate FX, watch, stay active and learn. It's not easy.

I don't like our mentality.

Please stop, focus on the bigger picture.

kassss:
I like your results, but I do like you to play it out on real account and share your results.

OgThanos:
Good day everyone..
I've been raising some money in order to start trading live..
So far, I've gathered 15k.
Would that be okay to start trading with ?

Pipsbasketings:

Demo trade for 6months, then go live. After you blow your live account (which is likely anyways), demo trade again for another 6months, then go live again. If you blow your account again, repeat the cycle until you never blow accounts.

PS: no amount is too small to trade FX - learn about Risk/Money Management first.

OgThanos:

Okay, now that I have trade on demo for more than 6 months and I'm progressing quite well..
And I have let say 10-15k NGN as capital..
What can you advise me,
Thanks

Pipsbasketings:
I'm glad to hear that. I will advise that you demo trade again for another 3months with the exact 10-15k which you intend to live trade with; find brokers that accept cent accounts and convert your 10-15k to cent demo account.

Note these:
1. If you have saved 10-15k, make sure it is not your last card; is it an amount you can let go freely without affecting you.
2. Never trade with borrowed money........Never.

Best of success.

OgThanos:

I've checked out some brokers but Nigeria is not among the countries they operate.
The ones that operate in Nigeria, their minimum deposit is 3k USD..
Can you recommend a Nigeria broker that meets up with your advise,

OgThanos:
Seen it too..
The min deposit is also 3k USD..
I just need a demo trading account whom minimum deposit is exactly what I intended to trade with in live acct..

OgThanos:

I've checked out some brokers but Nigeria is not among the countries they operate.
The ones that operate in Nigeria, their minimum deposit is 3k USD..
Can you recommend a Nigeria broker that meets up with your advise,