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What are support and resistance levels technically? Replied 2 weeks ago - You are right, Godswill about the definition of 'Support and Resistance' but not completely right. You can't talk about 'Support and Resistance' in Forex Trade without mentioning ' FLOOR, CEILING and STOP as these variables act as oppositions to each other. While , 'Support' is the price FLOOR where buying interest STOPS the price from falling further. 'Resistance' on the other hand, is the price CEILING where selling pressure STOPS the price from rising . Traders usually buy at Support and sell at Residence, expecting the price to bounce within this range.
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What is a trading plan and why include specific order rules? Replied 2 weeks ago - A trading plan answers the what if question. It takes care of blindspots in decision making.
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spotting a real trader Replied 2 weeks ago - Thanks for your replies. For me, real traders avoid the limelight, they don't like to be known. They also trade peculiar strategies which are not widely known. They dont do what the 95% losing traders do.
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RAW EXPLAINED Replied 2 weeks ago - been trading with raw spread accounts for a while, the major benefit for me is that you can set a tighter stop loss on raw accounts than on standard ones.
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QUESTION Replied 2 weeks ago - I dont think the spacing ties to any significance, the spacing is done to keep the charts clean instead of filling the place with numbers.
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your broker is not your friend Replied 2 weeks ago - The regulators actually respond, I once wrote to the Security Commission of Bahamas (SCB) complaining about a broker, and the regulator responded and assured me they were investigating. However, their response time is not enviable as it took them a week to respond
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Integrating Fundamental, Technical & Sentiment Analysis in Forex Replied 2 weeks ago - Rule: Fundamentals drive the trend. Technicals give entry. Sentiment helps you stay on the right side of the crowd. Trade the alignment, skip the rest. Simple. Disciplined. Much higher probability.
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Journaling is often your biggest setback in trading. How? Replied 2 weeks ago - It's simply how you define it
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Managing Emotions When Taking a Trade Setup Replied 2 weeks ago - 3. Why I’m Taking This Short ( Script You Can Use) Setup: Price hit a clean resistance zone (previous high + daily/weekly level) with a strong rejection candle. Volume is drying up on the upside, and we have negative momentum on the higher timeframe. Why short: - Clear risk-reward: Entry here, stop above the swing high (1:3+ RR). - Confluence: Bearish divergence on RSI + institutional selling pressure visible on order flow/footprint. - No emotional guesswork, this matches our exact A+ short criteria. I’m risking only 0.75% here. If it goes against me, I’m out fast. If it works, we ride to the next support. Trade the plan, not the P&L.
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The Power of Single-Strategy Discipline Replied 2 weeks ago - I think I haven't cos I don't trade that
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What To Do As A Trader After Taking So Many Losses Replied 2 weeks ago - Honestly this is a good rule but then you can't role out psychology and its hidden in your edge as a trader you need a repeated hand print to have clarity and once clarity comes you will know that even if you lose once you can't lose twice
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Correlation in forex Replied 3 weeks ago - I never thought of it this way, and it actually makes sense. Trade the same direction on two negatively correlated pairs and end up with zero because if you win one you lose the other.
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Your account statement says it all Replied 3 weeks ago - You're not lying bro. It's just getting loud.
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Forex session times in Nigeria explained (Wellington, Sydney, Tokyo, London, New York) Replied 3 weeks ago - Thanks for the enlightenment.
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minimum account balance for trading gold Replied 3 weeks ago - Gold especially, it moves fast and the spreads alone can eat into a small account. The position sizing just doesn't work in your favour at that level.
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Decision Fatigue in Trading Replied 3 weeks ago - The dangerous part is you don't even realise it's happening in the moment. You feel sharp, you feel confident, but that confidence is the fatigue talking.
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Best Time to Trade Forex: Trading Sessions, Overlaps & Golden Window Explained Replied 4 weeks ago - Thanks for the reminder! A lot of us have been using the wrong close time. This is the kind of detail that can really mess up your entries if I'm not careful.
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my trading account balance is negative Replied 4 weeks ago - Negative Balance Protection doesn't stop your account from going negative during an open trade, it only ensures you don't owe the broker money after a trade closes. So the key question is, is your balance negative while a trade is still open, or after it closes? If it's after closing, raise it with your broker immediately. That would be a clear violation of NBP rules.
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why do card withdrawals take longer in forex? Replied 4 weeks ago - At the point of making the card deposit, the broker should display a warning that withdrawals can take forever, this would let the trader consider other options. Sounds like common sense, but seems its lacking in these broker offices.
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market correction meaning Replied 4 weeks ago - Key points to keep in mind: - Normal and expected: On average, the S&P 500 experiences a correction about once every 1–2 years. They’re not signs of impending doom. - Duration: Most corrections last a few weeks to a few months. - **Opportunity vs. RRisk*: For long-term investors, corrections can be healthy. For short-term traders or those with high leverage, they can be painful. - Distinction from crashes: A crash is usually a sudden, sharp drop (often 10%+ in a very short time), while a correction is more gradual.
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