Hazardd:
I want to buy Skrill who can sell to me

Avalonxx:
Please guys,

I am interested in Forex so I'm learning with a demo account. I'd like to know which of the two mt4 columns I should be looking at when I want to place an order. For example, if I want to enter a sell trade. Is the entry price the one on the left or the price on the right?

Thanks a lot

Hazardd:
I want to buy Skrill who can sell to me

ProsperoTrading:


If you need Perfect Money, BTC and other cryptocurrencies, talk to me

Donvic4u:


Boss I for like make u brief us on your strategy oh...

That's if you don't mind sharing sha

Donvic4u:


Boss I for like make u brief us on your strategy oh...

That's if you don't mind sharing sha

ProsperoTrading:


Call me boss again and we go fight. Abeg leave that for the ogas.

Back to the matter. There's nothing special, it's the same normal S/R things.

But here's what I know I did differently.

1. My focus was to just hit $20 - 25 per bi-weekly. The extra $5 to $10 gives me a mental cushion for the next stage.

2. My target was to just be among the top 3.

3. I try as much as I can to keep my risk SL very low. There were times when I went overboard sha.

But the final stage, I felt I was under some kind of pressure, thank God it went well.

Apart from that nothing else.

I simply identify the pair direction on daily or weekly TF, and I use 1hr or 4hr for entry.

But I noticed some flaws I need to work on. I have also discovered some personal strengths which I never knew before

Pipsbasketings:
Sorry, this reply may be late. I use OAND*A and AX*ITRADER, I have one other which I use to compare spikes and gaps, and sometimes move my funds there, it is: CM*CMarkets

ProsperoTrading:


Sent you a mail boss

Crixxx:
EUR/USD looks good finally

djwalata:
Time to go long

blackman007:
Three important components of trading
* Risk/money management
* Psychology
* Strategy

A lot of traders focus so much on strategy, and not paying enough attention to psychology and risk/ money management forgetting that in a situation where your strategy and psychology fails, risk management is the only thing that can rescue you and give you an opportunity to trade another day....this is my opinion and I stand to be corrected.....

djwalata:
Gold is how many pips up now?
Currently @1862
1900 is d destination.

donchyky:

Bro your chart seems confusing to a newbie like me. Which strategy is this. You mixing them up with bollinger? Does the bollinger act as dynamic support and resistance? Any other info you may like to share to help newbies like us. Thanks

blackman007:


you nailed it bro, @ afobam this is the best advice you can ever get on this issue, no trader performs optimally when they are under pressure or obligated to meet a certain percentage, that's how traders takes revenge on the market and force trades which eventually leads to further calamities......

djwalata:

No one is perfect in forex market yet but experience still differs.
Many newbies which I was once taught forex can b taught and learnt here on nairaland, which cannot to b frank but one can only improve on ones knowledge so far he/she has d prerequisite basics beforehand.
Bollinger shows u over extension in d movement of a price.
They call it "a mean deviation in price, thereby shows u that a retracement is imminent before a continuation in d normal trend.
I hope I answered u.

ProsperoTrading:


If you need Perfect Money, BTC and other cryptocurrencies, talk to me

giddy2019:

good evening
please am new in forex
still on demo
please I am hooked at understanding and giving meaning to different candlesticks pattern
please any recommended PDF, site or app that can help me
help guys

Hazardd:
I need btc

djwalata:
Gold is how many pips up now?
Currently @1862
1900 is d destination.

donchyky:

Bro your chart seems confusing to a newbie like me. Which strategy is this. You mixing them up with bollinger? Does the bollinger act as dynamic support and resistance? Any other info you may like to share to help newbies like us. Thanks

Shevychen2:


This is a fantastic question. In simple and clear terms, if you still feel the need to keep learning and tweaking your strategy, you are still a learner, pun intended (even if you're no longer blowing accounts).

Every successful trader will tell you that trading is boring. Why? They only repeat specific steps day in day out, year to year. Get a strategy, backtest it for 5-10 years, if it delivers good results (this is relative, but for people like us anything above 60% per year on average), forward test with real money for 2-3 years. That gives you over a decade of various market cycles. Any system that passes the test is good.

Don't forget to make a note of how different risk profiles affect the strategy. A strategy that will give you 350% a year but can go in 50-70% drawdown is useless. You will most likely crash that account when the drawdown hits. Reducing the risk to allow for a max 20-30% drawdown and making 100% per year on the other hand is a good way to ensure longevity. Some people with big capital (7 digits) will further reduce the risk to allow a max 10% drawdown and maybe 30-50% return per year. This explains why one trader can blow their account in one month while another trader using the same strategy keeps making money for decades non stop.

Make a note of the steps in the system and your ideal risk profile, then keep repeating it forever.

If you want to keep reading all the hipster forex strategies and techniques on the Internet in the name of gaining more knowledge, you're wasting your time. The teachers of the bulk of the so called knowledge don't have an account with a one year track record that hasn't blown up. Find what works, shut out everything else.

My answer goes against the grain of what the average person believes, but normal human psychology is why forex is hard for 99% of people anyway. Forex is different from other life scenarios where more learning improves expertise. In forex, more learning often means analysis paralysis or uncertainty in your mind.

If you haven't perfected a strategy, however, keep learning and keep looking for your own system.

djwalata:


Perhaps u took my call on trade and u were afraid immediately it started retracing, d fact is that forex movement doesn't move like a bullet, it does move in a zigzag manner, how I wish u can ve a mentor who will physically explain how to trade (like u said dt u r still new in this) and most especially where to hide SL in case of a retracement.
1900 is d destination.

emmaodet:


Hello, please is there anything am doing wrong that my back-testing is only giving 1 optimisation result instead of series of results that will now form a report i can read.
Please enlighten me more.

Also, is the use of robots not advisable? or copy trading?