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why am i losing so many trades in a row? Replied 2 months ago - A lot of traders experience multiple consecutive losses which is common in trading with reasons like unpredictable market conditions, mismatched strategies, impulsive trading, psychological factors like fear or greed, and inadequate risk management. To improve - review and refine your strategy - apply strict risk controls - stay disciplined - manage emotions through patience and journaling - set realistic expectations and take breaks when needed. sticking to this plan and checklist you can watch out for better improvement in a short period of time
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Overtrading doesn’t come from strategy problems. Replied 2 months ago - Overtrading occurs when traders make excessive trades fueled by emotions like greed or frustration, risking and burnout. To prevent this, traders need - strong psychology - discipline - emotional control and mental resilience all of this to make better decisions and follow their plans.
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What do you do when you have a bad trading week or month? Replied 2 months ago - Unprofitable pls
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Which is the best forex academy in Lagos? Replied 2 months ago - I will advise you don’t really focus on a physical academy, find someone that has a proven track record in the industry and learn from him or her. If he or she can meet with you physically, that’s a great idea.
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what is scalping in forex Replied 2 months ago - Scalping is a trading style where a trader makes profit when his or her trades goes into little profit . 5-10pips move are okay for a scalper.
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which is the worst month to trade forex? Replied 2 months ago - January 🤣🤣🤣🤣🤣, i didn’t like this January price action at all
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Where can I get huge capital to trade forex with? Replied 2 months ago - Yes it did. Prop firms are actually good leverage if you can stick to the rules and go with a reputable firm.
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How Does One Learn Forex Trading For Free Without Having To Buy Online Forex Courses & Pay for Mentorships? Replied 2 months ago - I don’t believe in learning forex for free. It’s time consuming and can be tedious. The best way to learn forex is to learn from someone with proven track record in the industry. Don’t just go paying anyone. Pay only those who are really doing well in the industry.
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Don't trade forex if Replied 3 months ago - If you are too busy to monitor your trades. CFDs are not set & forget instruments.
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Best Time To Trade Forex in Nigeria Replied 3 months ago - Another trick is to enter the maket one hour before a session starts. For example, London session in Nigeria starts by 9 AM so you enter the market by 8 AM and place your trade. TThe advantage of doing this is that if you are lucky you get to ride the market trend from its infant stages before other ratail traders spot it.
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why is it called vanilla option? Replied 3 months ago - Because it is the most basic type of option that anybody can trade with a retail broker. Vanilla is known to be a common flavor of ice cream.
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Focus on the process of trading, rather than the outcome Replied 3 months ago - Even the best strategies fail more than 50% of the time, so yea we should expect some losses but not get discouraged and lose confidence in the process.
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is 1:30 pm the most volatile hour in the forex market? Replied 3 months ago - I placed a trade after yesterdays PMI news release during NY session and I forgot that the brokers usually widen their spread after news release. So, I got stopped within seconds for a big loss, I learnt my lesson never to open a trade immediately after news is released.
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what is quant trading, how do i start a career in it? Replied 3 months ago - is a computer science degree compulsory for quant trading?
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Why Does It Feel Like I'm Gambling When I Trade Forex? Is Forex Trading Gambling & I know Many Will Say Its Not But I Sure Have A Feeling It Is Replied 3 months ago - once you are trading without a strategy, it will always feel like you are gambling. Also once you are trading without a daily loss limit, or some form of metric to prevent you from over-trading, it will always feel like gambling.
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I hardly make more than 10 pips profit on a trade, am i doing badly? Replied 3 months ago - WIsh I was in your shoes, I can use that 10 pips lol
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How To Deposit On Exness in Nigeria Replied 4 months ago - Does Exness support USSD deposit method please? i usually like USSD method cos its fast and all i have to do is copy and dial the USSD code on my phone. The only broker I have seen with USSD deposit in Nigeria, is Trade Nation.
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How does lot size affect trading? Replied 4 months ago - Your lot size is what determines how much profit you will make from a trade. It also determines how much loss you will make per pip movement. But you cant trade a big lot size if you do not have the required initial margin (meaning the required money) in your trading account. Demo account allows you trade big lot sizes because you are gifted fake money from the broker but once you open a lie account its your little funds you will use to trade. So, when using a demo account, it is better to practice trading with the exact amount you inted to trade with when you open your live account.
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How Does Spread Affect Profit in Forex? Replied 4 months ago - Spread seriously affects your trading conditions, when spread is high your stop loss can be hit easily
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How much do I need to Start Forex Trading in South Africa? Replied 4 months ago - thats amazing kyle, same experience here lost over $500 while learning to trade but i take it is the school fees I paid to the market.
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