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GBPNZD Replied 1 day ago - Exactly
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Prop Firm Replied 1 day ago - i stated a better trading platform cos of the one i use. my current prop firm gives access to MT5 and Match trader. I actually prefer Match trader to MT5. The platform is so easy to navigate.
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TADING WEEK/MONTH EXPERIENCE. Replied 1 day ago - Was the week or month a profitable one for you?
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Initial Balance Strategy (tested on EUR/USD) Replied 2 days ago - I tested the Initial balance strategy on GBP/USD during the Pre-London auction hour of 12-1 PM UTC. Basically I saw the sell trigger after price exited the 12 pm hour and started reversing back into it.
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GREED Replied 3 days ago - The market is like shark infested water, you get in and get out. That does not mean you should not allow your winners to run but you should open many trades, close some with profit after about 15 pips, then allow the rest to run. This means you should always add to your winners. Many traders only open one trade and they intend to leave it open till it reaches the TP which is risky. Since Trump came into power we began to have more trending days where the market sails in one direction but such does not last. The reality is most times the market will be zig zag not remaining in on one course for more than 20 pips.
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can a forex trading account function as a savings account? Replied 4 days ago - Some brokers can even close your account and give you excuses as to the whereabouts of your funds. Especially poorly regulated brokers
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why am i losing so many trades in a row? Replied 4 days 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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how will i know if i'm a profitable trader Replied 4 days ago - To determine if you're a profitable trader, with good psychology and risk management, check for; - consistent profits, - disciplined and emotional control - low drawdowns - positive trading edge - confidence under pressure and ongoing improvement through analysis and adaptation and moreover less losses.
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Overtrading doesn’t come from strategy problems. Replied 4 days 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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when does London session open in Nigeria, is it by 8 am or 9 am? Replied 4 days ago - It starts last sunday in march
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What do you do when you have a bad trading week or month? Replied 4 days ago - Unprofitable pls
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does deriv have zar account currency Replied 4 days ago - Most brokers that offer ZAR account are always regulated by the FSCA in South Africa. It is rare to see a non-FSCA regulated broker like Deriv offering ZAR accounts
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Eurnzd Trade Setups and breakdowns Replied 4 days ago - I am waiting for this month candle to close and i will reanalyze this pair.
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which forex brokers are banned in Nigeria? Replied 4 days ago - Kwakol isn’t operating any longer in Nigeria.
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Which is the best forex academy in Lagos? Replied 4 days 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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Forex trading Replied 5 days ago - There are basically three of such sessions 1. Asian session 2. London Session 3. New York session. As a beginner it’s better to always come to the market during the London and New York session. The Asian session isn’t that busy so I won’t advise you to trade during that session.
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understanding forex terminologies Replied 5 days ago - This is an amazing thread for a beginner. I recommend it for everyone beginner trader
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what is scalping in forex Replied 5 days 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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Are Prop firms now scamming? Replied 6 days ago - You were so raw with this truth. No sugar coating it🤣
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are wicks important in trading? Replied 6 days ago - Wicks are important especially when trying to mark out trading sessions on the chart
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