https://www.youtube.com/watch?v=-1zz1HrvQdw&feature=youtu.be

What is your take on this?

You can also share your own business model, make it clear and straight forward.

You are doing a great job.

natruetalk: GBP is a star to watch 2day.

good data on AUD dis morning & notn happen 2 d currency

hmmm GA stay above 1.7600 good sign

eyeing to Long GA @ my side if... no lelee

Right on point.

HE is called Kabiesi (i.e Unquestionable). Also read Romans 9: 20-22

Rather than maintaining a -ve impression, shift to +ve impression like the other malefactor on the cross (Luke 23: 39-43)

Also read Read Romans 9: 15-16

God bless.

kasonud: @ XHTML and profitlift thanks for d info,pls can you proceed by telling us those honest/riht broker(s)?

I will rather want to advise you to go for brokers that are strogly regulated. You may also want to consider those that have good ratings across forex trading forums. Also, any broker that can provide you with their historical data since the beginning of their operation is signalling honesty and transparency.

XHTML: I'll answer those two questions above. However, let me chip in something. I dug out an email I received last year sept from a "panicked" trader.

He was on Silver, 12 Sept to be precise. Notice the sharp drop in price to below 33.35? I confirmed on my end that day and told him there was no such spike - even confirmed from a couple other traders.

Most of you can shift back in time on your MT4's (simply hit "Enter" on the chart and type in the time to go to i.e DD.MM.YY, you can also type in DD.MM.YY HH:MM to jump to the exact hour and minute) and confirm.

Screenshot he took attached. (I've blanked out his account number for privacy)

To support your claim, I have similar experience back in the early years. My micro account was liquidated by a single spike but fortunately I took the screenshot of the chart on 15min timeframe. Then over the weekend I was backtesting and studying my 15min timeframe startegy at that time and to my greatest surprise I couldn't locate this spike that took my account out again. After thoroughly searching and checking with other broker's chart I was convinced of feed manipulation by my broker and took it up with them. I mailed them the screenshot I took as well as the screenshot of the account statement to show them the exact time my position was closed which correlated to the time of the said spike.

Two days or so after, they got back to me appologizing and blaming the anomaly on "wrong data" from their feed source and they refunded the exact money I have left in the account prior to that last trade. I withdrew that money out and of course that was the last time I funded that brokerage. Now imagine if I had not taken the screenshot at that time, how on earth would I have been able to buttress my point and win my claim with that broker. Another saving grace was the fact that the screenshot was taken on a 15min timeframe which makes the said spike clearly visible otherwise had it been taken on a higher time frame (e.g 1hr, 4rh), it might be dificult to track down to the exact time.

The above and similar manipulations which are not visible but only to the trained eye clearly explains why one can be succeeding on a demo account but it is a different ball game entirely the moment you go live especially with the market makers and deal desk brokers. The broker in question was even a well rated broker at that time. These things happen and experince they say is the best teacher. Nowadays, I compare my chart on three different brokers and automate the taking of screenshots with EA especialy when my orders are opened and closed so I can have a reference point just in case issues arises.

Since broker gimmicks is a hot debate among traders, I don't really have the time to be convincing people about these things that happen in the forex world but just decided to present the above here seeing a good platform to do so. Quite a lot of traders only focus on trading strategies and does not bother with the kind of broker they commit their fund. Clearly the odds are in ones' favour when trading with honest brokers while it is difficult or almost impossible to succeed with the crook ones.

gerald2: Chei, I feel so sad about this your situation, mistake most of us here made in the past that was what you just made in front of us today. Have you asked your self how many percent big Hedge Fund managers make in a whole year Watch Youtube and see for your self, some makes less than 40% every year and they still come out big. Calculate making just 25% on that your $8000 every month for the next 10 years, that would amount to Billions of naira by the power of compounding. With the power of compounding, do you know $1000 invested with a profit of 25% every month would make more than N30,000,000 in 24 months This is to show you that you lost Billions of Dollars not just $8000. An average Nigerian wants 1000000% with N10,000 invested but the rich wants realistic 10% in $1 Billion invested. Something is always better than nothing. Be wise my brother!!!

I am always curious when I see huge profit declaration of trippling account or so in a short period of timeframe and wonder if such can be sustained regularly and on a long term; otherwise such will be sending wrong signals out which tends to stir up greed and anxiety in others especially neeebies.

Ogboraph: heeeelppppp kai kai fxisreal i ve just made the calculation of $8k if i ve taken warning and close those trade or reduce them by now i will be ok for the next 4months oh. i always see this trading as in Naira value on the platform it look like #8000 Nairato my emotion. i thing i will ve a calculator by my side at all time now and target #500 naira every day which is certain to me

With all the warnings, I marvel. Since it obvious you cannot control your emotions I will advice you go for a brokerage leverage of 1:50 or even 1:20, that way you even if greed/emotions wants to take over you will be resricted.

I cannot over-emphasize that over leverage and over trading is what is killing a lot of traders. MM is the key to consistent success in this biz and that is why traders should focus on MM more that strategies, study how the market works, the breakdown is even on the mt4 platform (if your margin level is dropping, you may want to exit your positions or reduce your lot size).

fxisreal:

bro you get liver sha with this your trade, not good enough MM remeber no sure bet on this business.
hope newbies no follow this path sha 227.49% margin level with 4 lot position hmmm...

goodluck

One long spike in the opposite direction is enough to put the acc in red.

Good post here. Ride on bro.

If you over leverage and over trade, you will give the brokers the advantage to use their shaddy deals (platform freezing, requotes, slippage, stop hunting, feed manipulation, spikes etc) to take your positions out or liquidate your account. They are your broker and they can see all the orders and pending orders, they know the key levels, they know the order flow and have a large window to see both sides of the market.

More importantly ensure you use a broker with strong regulation as well as having their operational funds segregated from clients funds. You may also want to verify they fufill withdral requests without any hassle.

Pipsland78:
Hi, I decided to be posting it monthly as against weekly in order not to make the thread appear too clumsy. But if you want me to post it then I will do it before the end of today. I'm still all positive - as expected.

Cheers!

You may not necessarily be doing this. Create an account for it at myfxbook and just post your account url here on the thread, that way you will even save yourself the hassle of posting statements either weekly or monthly. In addition, myfxbook have quite a lot of metrics and features that will help you to see how excatly your trades are doing plus the fact that if you like you can hide your open positions and choose to show only your closed positions to the public.

Pipsland78: An advice to the newbies: please dont take advice from so-called traders who give alerts, talk so much analysis in order to sound professional and claim to make several pips daily but never able or willing to upload their live accounts. Most of them get burnt or just go in circles by making money today and losing it tomorrow.

I challenge any real trader to publish live account statement like I did earlier and on the thread below and let's see who can match my consistency.

www.nairaland.com/1275050/forex-trading-conquered-live-account

Welcome to Pipsland, the home of greenpips.

You actually did great with this however these are trades for just roughly 1 month. Can you post the live trades for the past 6 months or at least past 3 months otherwise the purpose for showing this is defeated especially considering your comment bolded above. 1 month data is not just enough to show consistent success.

@Rozayx5
How are you locking the EurJpy trade? I can't see any EA attached on that chart. Thanks

@Endfx
Sorry oh. You will bounce back soon.

roxell120:
with my two double sim android phones im ready all times cos I've got all the four major networks loaded with data bundles.my area can frustrate unexpectedly so im ready anytime.abeg I no fit shout or run helter skelter like I did before I went for my second phone.no network is perfect in nigeria, they are only after the money.

"all the four major networks loaded with data bundles". You really meant business.

endfx1: Hi all......My trading this year will be purely swing trading taking off the daily or 4hrs charts....

[b]Pairs: EU,EJ,GJ,NU,AU,EA,UJ,GOLD, and EURNZD This year will be explosive tighten your seat belt coz soon the train will take off..

God i plead for the grace to stick to this plans with discipline..

Wishing all the pips hunters in the house a succes sful trading year ahead

Do you mind sharing this your macd indicator and the settings. Thanks

infofirst: Hmm fx, morning pals, what do you think about these?You build a $2000 account balance to $200,000 in 12 months and all of a sudden, there was a trend shift and your account balance turn $10, first, what is a trend shift? What are the causes of such shift? and how can a trader survive when there is such a shift? Will appreciate ur responses.I need to know.

Over trading, over leverage, no stop loss.

rozayx5:

trade targets were met. thats all

Ok, thought as much - 110pips. Thanks

rozayx5:

hmmm, would still kept crashing after i left

You closed that position at that point; any particular reason? because following your system, none of the indicators has signaled an exit.

JAkpayen:
Pivot point strategy, note that the price opened far above the PP and accordingly it must obey the rule by returning to the PP before deciding it destination. unclenna made a lecture about this sometime ago in a previous season. Further 4HR confirm the bearish trend with a bearish pin-bar.

UJ smells good for a sell: Sold already @ 87.00 to 85.00 with a very tight SL @ 87.30

Thanks for sharing.

JAkpayen: Sell EU @ 1.3280 to 1.3200 with SL @ 1.3300

PLEASE HOUSE WHAT DOES SSMA MEAN?

That was quite sharp and accurate. What triggered your entry sir?

rozayx5:

Good, just stick to advice and keep to the rules, and if your good enough, in a year or 2 you shud be sacking your Boss

as for me i have never worked for someone before so i dont know anything else except pips

You are doing quite great. Please what is your % ROI per month on the average?