Chrbhny:
Can someone recommend brokers for me, I'm just starting out.

Chrbhny:
someone help me please

Pipsbasketings:
It's normal, it happens, it's expected. Better days are coming..........

Chrbhny:
someone help me please

kkins25:
So after being kicked out of the Xmas Contest, i have done some analysis of myself and have pinpointed the reasons for blowing half my account.

1) Too many charts: In terms of Focus, my eggs were spread through too many baskets. Making them insignificant. Since am still a juvenile trader, ive decided to follow just a few charts and trade just one at a time.

2) Falling for the Big Banks: i usually get stopped out just before the trade went my direction. when i was trading my plan, i didn't not factor in the fact that i was in battle with geniuses who knew exactly where i might put my SL...

3) Time frame beats Trading Plan: i was trading on the H1 TF. I Didn't factor-in the condition of the market on the short term. i was intra-day trading but was taking the contest of the overall market structure whiles ignoring the context of the immediate market conditions. so my mistake was making plans for the Long-run instead of the short term. Meaning even though my trading plans were OK for the long term, my small account size and position of entry/SL were not fit for the long run. hence making my SL an easy target for the big banks...

4) No patient to wait for favorable market entry conditions: when i missed a particular entry signal, i still enter with high odds of a ridiculous RRR, making my losses even more large. i should have waited for the market to provide another opportunity..

5) Reversal trading, an easy way to lose money: Reversals are the Big Banks deadliest weapon. it is way easier to SL hunt when the market is about to reverse or pretending to reverse. i lost the most when i was trading reversals.

6) Market moves in three direction not two: i often forget that the market can not only go bullish or bearish but also range-ish.

7) there is only good and bad execution, leave Hope out of it: Hope is a double edged sword with the edge facing you being the most deadly. When the market says 'A', make adjustments and plans for 'A' Dont Hope for 'B'.

Everybody knows about resistance and support, but no one knows which is legit except the Big Banks. No wonder 90% of traders loose money.

9) Finally, "THINKING BIG IS BEING GREEDY": Dont try to take from the more from the market than what it can give.

10) finally! finally!!, Think like the big banks not a Trader. Because at the end of it all, it is those that understand how the big banks operate that would be successful traders..

In fact, you did very well bro; I saw how persistent you have been in this trading period. You did well...

Mrbillionaire:
Done for the week; very hectic.

Pipsbasketings:
In fact, you did very well bro; I saw how persistent you have been in this trading period. You did well...

businessnoni:
I want to commend all of you here. I have been following this thread since around 2016...or earlier. I have seen traders come and go. The likes of Jline, Pipbasketing, Currentprice, Priceaction, Unclenna(something like that), the yolda... and a whole lot of more. Most have been a great traders and tutours( especially). Just wanna thank you all for your sacrifices... especially the policing unit led by Pipbasketing and Freshshizzy(can't remember the spelling o... forgive my olodoness). I breeze in sometimes and I see sanitation going on for days. You guys have kept here alive.

Let me also congratulate the current crop of alert guys. I noticed most have become more disciplined and have longer term outlooks with short term executions(the real key to success).

I'm not a regular here. I'm not even a professional yet but I can tell newbies... you can learn from here. Just know where to look but more importantly, spend your data watching live markets, make your projections and test them on a demo. When they fail, find out why and learn. Don't forget to cut losses as quickly as possible. Hoping for a trade to turn around is deadlier than being wrong in Forex... but more deadlier is Ego. Trying to tell the market that you are right. It doesn't end well. Always remember, the guys that make the market are more sophisticated, better capitalized and infinitely more informed than anyone else.They aim to frustrate emotions and exploit your greed. They try as well as possible to make price look as random and organized as possible at the same time. It is mind blowing. You need a cool head and your own rules to be able to play their game.

Gonna stop... before someone thinks that I am a Guru. I am not. I am learning... just wanted to encourage us to keep the current state of the trade. I have seen great calls lately. So I felt it was time I contributed something to the space that have helped me. I am still building myself. Hopefully, I will be able to start posting price alert soon...as I want people to gain and not make losses. While I continue to build myself, I will go back to peeping from the sidelines.

2020 will eventually end well.

Theyoungmaster:

You've said it all.

"Hoping for a trade to turn around is more deadly than being wrong"

I'm a victim of this. last week, I did my analysis on gold and went long. stuff turned 30 pips against me after 3 hours. I felt overconfident in my strategy that twill turn around. before I could say "sai baba", I was 800 pips neck deep in loss! Thanks to fundamentals. my contest account was wiped. it ended in premium tears. I'm grateful for learning this lesson on demo.

To my fellow newbies, slow and steady wins the race.

To my bosses, @pipsbasketing, @wallstreetfx, @neroiam, @feshizzy, I'm up for adoption. Teach me! break me! abeg!

djwalata:
EURGBP BUY AT 0.8900, SL @0.8850
Daily chart has produced a bullish divergence on a double bottom.

djwalata:
GBP is ready for a massive fall.
Silver as well will still fall d more.

Pipsbasketings:
Bolded.....

djwalata:

Perfect buy so to say.

djwalata:

Perfect buy so to say.

Neroiam:
EURGBP, Daily
use buy limit in key support areas (low tf advised)

doyinisaac:
do you think that the bullish trend will continue??

Pipsbasketings:
In fact, I'm so much proud of you guys.

You all have made the ongoing contest a learning ground, though demo but live in its context. I'm sure it must have opened your eyes to existing/possible mistakes/error and for possible corrections.

It is a learning ground, unlearning, learning and relearning platform. For all who are out of the contest, pls do like kkins25, theyoungmaster and ogashman, tell us about your journey in the contest.

Regards