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Xauusd secret strategy Replied 2 months ago - I was testing it over the weekend, and the overnight range fake & break works on xauusd & us30 as well (just different hours). I'll share the research with you. in dow (us30), the overnight range is the entire 12 hours before the NY open. It works really great. dow mostly opens at the edges.
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First trade of the week on Btcusd Replied 2 months ago - bro why did you choose 92366 level as your order block?
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4 pairs that works best with the slp strategy Replied 2 months ago - Ps what is the meaning of slp strategy? how does it work?
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Wait for the market to act before you react Replied 2 months ago - It all comes down to being patient. Back in the day when I started trading I was so impatient. Sometimes I would not even wait for a candle to finish forming and I would just assume it would closed a certain way and then I jump into the market. Goes without saying I paid dearly as I was always making losses. Sometimes I would see a bearish candle forming and I would just jump into the market assuming it will close bearish, only for it to close bullish.
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what is sierra chart platform, is it free to use? Replied 2 months ago - Anyone here have a link where I can learn how to use the Sierra charts? I have downloaded the apk file but still do not know how to set it up.
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is take profit trader a reliable legit prop firm? Replied 2 months ago - A friend of mine trades with them and he says they are okay
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does hantec markets work in nigeria? Replied 2 months ago - I saw their poster (hantec markets) where they are doing this FG free forex training for 100k youths in Abuja
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Is RCG Markets Good for Beginners, Do they have Micro Account? Replied 2 months ago - Just because a broker has low minimum deposit does not make them good for beginners. RCG markets lacks adequate variety of trading software 9such as mobile apps, tradingview etc), they lack adequatte beginner support and their processes are generally slow. I wouldnt use them if I were a beginner even if their minimum deposit is low. I learnt how to trade with AvaTrade (not a recommendation) and they are the true definition of a broker good for beginners. other beginner oriented brokers include easy markets and trade nation.
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What Time Does The Forex Market Open on Sunday in Nigeria? Replied 2 months ago - 11 pm during November to March and 10 pm otherwise
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What is the Best Forex Trading App in Nigeria? Replied 2 months ago - There are so many good forex mobile apps out there but some especially well designed ones I have seen are from FxPro, AvaTrade and Exness. If you are a beginner asking this question, I think you should consider learning how to trade on a laptop instead. The screen on a laptop is bigger and laptops are also mobile/lightweight. Note that forex mobile apps dont have as advanced capability as desktop terminals.
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Don't trade forex if Replied 2 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 2 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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My first trade experience Replied 2 months ago - Today was not a normal day, the reversal actually happened during franky but bounced off the pre-franky low and price moved upwards for a good part of London into NY. I got stopped out of my shorts this morning. It is only this evening at the close of NY that price is begining to fall towards the 625 option barrier.
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why is it called vanilla option? Replied 2 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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My 5 Best Forex Brokers in Nigeria Replied 2 months ago - Add Trade Nation to your list
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Focus on the process of trading, rather than the outcome Replied 2 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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Installing/using MT4 on android phone is not difficult Replied 2 months ago - Its very straight forward, register with a broker that offers MT4, open an MT4 account and get the account details including server name. Insert the details into mt4 and login
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In the forex market, fear has many faces Replied 2 months ago - Fear of losing profits, I had to battle with that one for one year 😂
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No position is still a position Replied 2 months ago - Welll said! But this is easier said than done, the urge to trade always wins lol
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The smaller the candles, the bigger the lot size Replied 2 months ago - Small or short looking candles are a sign of low volatility most times it is when the market is expecting a news release that you see short candles forming everywhere. For me i would not trade when I see short candles all over the place, but I agree with you- trading a bigger lot size will mean even with the short candles you can still make good money as price moves.
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