VlamesIffect:


I no get your time today....at least i get problem & i speak out....

Dey there dey deal with your losses with your mumu quotes.....

Pay me 50k, let me be your mentor



Let me drop another quote untop your head


"If you want to be a profitable trader faster, take the opposite side of VlamesIffect trade, if he buy, sell and if he sell, then buy" - Tony142

VlamesIffect:
FOREX DON TAYA ME O...............

LOSING STREAK AT THE MOMENT....E BE LIKE SAY MY LIFE JUST DEY TUMBLE.........

HOW DO YOU DEAL WITH LOSING O..... AH HE NO EASY.....

STRATEGY WEY DEY WORK ALL OF A SUDDEN I BEGIN GET LOSING STREAK..... CHAI.......

GOD WHY ME?....................

HOW DO I DEAL WITH LOSING? ...........

Go back to babypips and study

Forexislife:
that was me months ago.

Gain and loss don't move me again.

For example , I have had about 5 consecutive losses one time and the next gain covered everything. you know what it means to do same thing even when you lose over and over? Mentally tasking.

Loss or gain, none should move your emotions.

Your risk/reward ratio is 1:5 I guess?

Forexislife:
So this week, I lost 8 trades trades profit from 4 trades yet managed to end in profit.

I guess I have learnt the art of knowing when to cut losses short. We keep learning.

Atleast, I like your honesty for saying the truth, not all those people posting winning trades screenshot up and down as if na their papa design the market

GabsonFX:
Normal account type:
1. FTMO challenge for 100,000 dollar account is how much? €540 or ₦324K

2. If u want to do the challenge will FTMO give u a broker to use or you can use any broker of your choice? FTMO has its own internal server called FTMO-server

3. If FTMO is the one that will give you broker to use, which broker will that be? And what is the spread of EUR/USD on that broker? Not applicable, Spread = 2pips floating

4. What is the maximum drawdown for the challenge? Maximum Daily Loss = 5% ($5,000), Maximum Overall Loss = 10% ($10,000)

More info can be found here: https://ftmo.com/en/
Best of luck

Thanks boss, I appreciate

Pls someone should help me to answer this questions



1. FTMO challenge for 100,000 dollar account is how much?


2. If u want to do the challenge will FTMO give u a broker to use or you can use any broker of your choice?


3. If FTMO is the one that will give you broker to use, which broker will that be? And what is the spread of EUR/USD on that broker?


4. What is the maximum drawdown for the challenge?




Thanks

iLegendd:


Lol

She did not know who boss iLegendd is, she most be new to Nairaland I guess

Barbsamiin:
Hello! experts in the house good day to you all,

I want to buy my first car, And all of the cars in naija its only mercedez impresses me. is it ok to buy 1.5m c230 or i should save more and buy foreign one.? Please experts in the house should advice me cause i don't want mechanic's friendship, Lols.

If u are not a yahoo boy, invest the money

One thing I am sure of is that, poor people who are jealous will come and comment that it is impossible, Just because they are poor

VlamesIffect:


so wetin come be scalping? Bros abeg.

That is what babypips was made for, go and study

VlamesIffect:


Bros you just dey cap...
Na wetin i dey talk be this smfely guy for the contest i just go check him trades now.....he dey take smal smal profits one loss like this na -22%...that one na plus him overall return for last month. Imagine say na real money. No be loss be that...
.....Scalpers trading psychology get as he be....

Taking small profit and having big loses have nothing to do with being a scalper, the problem is that it is because of the type of strategy he is using to trade and not because he is a scalper

VlamesIffect:


Nigerians & i know someone this or that ..bros show me a scalper legit wey dey solely live off him profit from trading.? I say long run o...scalper fit run profit for 4 months wey make one wrong trade wipe out all him profit + 20% of him trading capital. No carry religion come this matter na finance wey dey talk.

Your eyes can not see your ear, but that does not mean you do not have ear




Jesus said to Thomas "blessed are those who do not see but believe"

Elliotwaveforec:


EU

There is a bullish engulfing candle within the last 3 candle, the strong sell u said will only come to pass if the bullish engulfing candle is a false signal

charly20:


I think in your struggle to make a quote out of my opinion, you missed my point, Sir.

I understand your comment, but even if they share their charts here, it is still the same things as the blind leading the blind, why?...because 95% of those who can see (profitable traders) are not here



Show me 5 profitable traders on this thread and I will show u 95 traders that are still struggling on this thread

Elliotwaveforec:


You're correct! Banks and institutional investors aren't here

VlamesIffect:


Your quote wack abeg... So them those bosses wey dey give us trading nuggets no dey make money abi?

I said 95% not 100%, so that means they might be among the 5% that are on Forex forum but majority of them can not be found here

VlamesIffect:


Bring it on... Na true talk now
Make person dey wait for losing trade to turn profit ...then when he see small profit he go take am...which kind trading psychology be that?
No be here bosses dey talk say make we know when to cut out losses...and make profit grow...

A Muslim (swing trader) think his religion is the true religion, while a Christian (scalpers) think his religion is the true religion, while a day trader (Atheist) think all religious are scam


Now which of them is the true religion? Muslim (swing trader)? Or Christian (scalpers) ? Or and Atheist (day traders) ?


A Muslim believe his religion is the true religion does not mean he is correct, why?...because there is different between believe and fact , also saying that scalpers can never be profitable in the long rune is a believe (opinion) and not a fact



If u have never seen a profitable scalpers, I have seen

charly20:
Not many of us as our numbers depict in the contest share our chart markups here even with the fact that we are all here to learn. It's understandable to assume a competitor may capitalize on your markups.

But that is no concern of mine as I seek knowledge from anyone who is a step or steps ahead of me.

Here's how I look upon the charts,

If you want to learn faster go to mt4 and study your charts, why?...because profitable traders can be hardly found on Forex forum or thread



For this reasons I will drop a quote



"95% of profitable traders are not on Forex forum or thread because they are too busy enjoying the fruit of their labour with the little time they have, while 95% of traders found on forex forum or thread are struggling traders" - Tony,142

VlamesIffect:
I don't see scalpers as PROFITABLE traders in the long run..... I see someone said he trades 1min TF. Omo will you be sitting all day looking at charts even when you have other things to do...you fit dey young now but when you don dey old you go still dey look 1min chart? ...even on binary options person wey dey trade 1min is like gambling...find your trading style stick to it... Never enter a trade 72hours before a major economic data release... fundamentals dey always beat technicals. See today wey CAD employment figure come out bad he still buy...THE MARKET IS ALWAYS RIGHT ALL DAY EVERYDAY...

Thie four things wey i don learn.

PATIENCE - wait for the right set up to enter a trade

UNCERTAINTY - don't be scared to lose a trade, na why we dey apply risk management.

BORING - omo he boring die, to dey check chart wait for entry & to follow news from asia to London to new york & Toronto over & over again.


DISCIPLINE - very important just follow d same principle, no happy trigger trades or "make i try if he go work" trades.

MAY THE PIPS BE WITH US.

Since your comment is an opinion and not a fact, I will ignore it

Nehemiahjnr:
There is this girl I dated till last year before I got tired of everything.

She is always willing to come to my house or any place I invite her buh won’t allow sex, we will be dragging like someone that is dragging land in the village, struggle for hours buh she no go still gree and me I don’t want to force her.

When I ask her what happened she won’t say anything or sometimes will say stuff like AM AFRAID due to my past experiences.

Am tired of the relationship sef.
Money wey I don spend just Dey pain me and I don’t want to force somebody oo.

What should I do?

She is fucking one of those redpillers out there, just count your loss and move on, but do not ever make that mistake in your next relationship again

GabsonFX:
But you have not answered the question as it relates to you as a trader

I am a scalper, I trade only on the 1 Minutes TF

GabsonFX:
My brother, my hobby is to teach, I've taught for years, still teaching, and will retire teaching. Another reason I came up with a youtube channel, not to gain followers or to earn youtube $cash, mba - he no fit reach me; in fact, I've spent thousands of dollars on all required pieces of recording equipment and have all been delivered but mhen - I'm damn too busy atleast for now. I've got requests on telegram to open a telegram channel which I had to decline cos I'm just too busy. However, I will continue to teach, not just fx, I venture into other different stuff outside fx and NL. It's a desirable pleasure. Nonetheless, let's venture into a new topic for this weekend as par your request - I will call it "what makes forex traders going round and round a circle"

Debate: Should I trade only on ONE TIMEFRAME and stick to it throughout my trading career, even in a case where no entry shows up on that particular TF but shows up on other TFs OR I should base my strategy on trading any TIMEFRAME AT ALL which depicts good entry at any given time, either M30, H1, H4, D1 whichever comes first then I can switch from one to another based on whichever TF I see my exact entry requirement?

FTA, Let's discuss, the floor is open: are you for the red or the green and why?

You like rice and I hate rice does not mean rice is a bad food, I like beans and you hate beans does not mean beans is a bad food, just that we all have different food as our favorite food, same also apply to this your question, for this reason, I will form a quote for it




"Some traders will choose red not because green is bad, also some traders will choose green not because red is bad, but because they all choose what works for them" - Tony,142



Take a look at the comments so far and compare it to my quote and u will realized my quotes is 100% correct

amolak:
Now I can continue blast my favorite song STAND UP by Right said Fred .......

I was built to be the best
Number one and nothing less
Leave me to my destiny
I have waited patiently
I have vision' oh i believe
I know I can count on me


So stand up for the champions
For the champions stand up
Stand up stand up
For the champions for the champions
Stand up for the champions
For the champions stand up
Stand up stand up
For the champions for the champions
Stand up


Here we go it's getting close
Now it's just who wants it most
It's just life that's how it is
Cause we have our strength and weaknesses
Oh i have vision' oh can't you see
I'm on the move make way for me

Wait o, na 1st position dey make u dey rap like this?

Immortal99:


That's 8yrs ago ...
Now he's a profitable trader enjoying his labour ...

That's life

But not everyone can stay till they get it ..

Na so one of my guys wey enter forex quit after 3 months .....

Every 2 months e go call me ... n be like hw far ... u don get am ..?

Like profitable forex trading is something u can give some1 to copy ...

E think say we still de school

Im de wait Make i write the exam finish giv am mak e copy

That your guy do not deserve success, he want to be spoon feed, he is a lazy ass hoe

amolak:
Even the world we are living in is not perfect

Forexislife:
True. I am learning from this thread really. I'll be studying the reality of larger SL because I miss lots of trade due to perfect entry and tight SL all the time. Great work from Mr. GabsonFX.

No Entry is perfect

Feshizzy:


While didn't you do so then?
It's easy to analyse past trades

samfelly:


4

Wow, you still have a long way to go, anyway, I wish you safety, in your Forex journey

After studying the Forex market for some years I discovered that there are 12 stages which all traders pass through


"Who ever do not pass through this 12 stages is not a trader and whoever is a trader most pass through it" - Tony,142




The 12 stages, which all traders pass through are:



1. Fantasy stage
2. Get rich quick syndrome stage
3. Jumping from strategy to strategy stage
4. Fake Reality stage
5. Harsh Reality stage
6. Frustration stage
7. Depression stage
8. Forex is a scam stage
9. Given up stage
10. Persistence stage
11. Breakeven stage
12. Profitable stage




This stages is like a circle, The annoying part of this stages is that, you can be in stage 10 today, but in 2 months time you might return back to stage 3. And start climbing up the ladder again, and the circle continues



I do not have time to explain each of the stages now, but when I have the time I will explain them, and add a lot of humor to it when explaining them, trust me everybody on this thread will relate to each of the stages when I start the explanation


What stage are you?

My 2nd strategy have a win rate of 90% but I was still losing, why?...because I did not know when to cut my loss short and when to take my profit, so I decided to do try and error by taking profit at different places and cutting losses short at different Places, after the try and error experiment, I finally know the best place to cut my losers short and take my profit


So, from this experience above, I decided to form a quote on it, and the quote state that




"Stop loss and Take profit are more important than entry, but most traders focus more on entry instead of Exit (SL & TP)" - Tony,142



Note: my qoutes are not base on theories but practical experience

numtums:

What's not a gamble in life

Nothing bro

obiskidguru:

Bro nor be lie abeg. Forex Don show people pepper

Forex na gambling na, it is hard to make it through gambling