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a good trader knows not a 1000 moves but 1000 iterations of 1 move Replied 3 weeks ago - Course farmers stay unprofitable because they never choose a path long enough to become an expert. A beginner thinks the goal is: “Learn every strategy.” A profitable trader knows the goal is: Learn one setup so deeply that it becomes second nature.
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Which brokers support ussd code deposit method? Replied 3 weeks ago - Deriv do not support Ussd but they support bank transfers and debit card.
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How to avoid spread in forex Replied 3 weeks ago - You can reduce your spread though by the following: 1. Trade Major Pairs Only Major pairs have the tightest spreads because of high liquidity: EUR/USD USD/JPY GBP/USD USD/CHF Avoid exotics like USD/TRY or USD/ZAR — spreads are huge. 2. Trade During Peak Market Hours Best time to get lowest spreads: London session New York session London–NY overlap Spreads widen during: Asian session News releases Low liquidity times (holidays, weekends, rollover)
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How much is 1 pip in forex Replied 3 weeks ago - Universal Rule for Pip Value formula Pip Value = (Pip Size × Lot Size × Contract Size) ÷ Price Where: Pip size = 0.0001 for normal pairs, 0.01 for JPY pairs Lot size = 1.00, 0.10, 0.01 Contract size (always) = 100,000 units for 1 standard lot Price = current market price of the pair
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Why is My Stop Loss Triggered Without Price getting To It? Replied 3 weeks ago - 👍
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What happens if I deposit the wrong amount into my trading account? Replied 3 weeks ago - Thanks guys, they refunded the differential the next day.
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which unlimited leverage brokers can you recommend? Replied 3 weeks ago - I dont know about unlimited but fxpro does 1:10k leverage
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Is Assexmarkets a Scam? Replied 3 weeks ago - This broker is run by a scammer team in nigeria. Any money you deposit with them will be going into their bank accounts. Avoid them at all cost.
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stop loss or hedging, which is a better risk management method? Replied 3 weeks ago - stop loss is the only thing that is important in trading. It can be mental but it must always be there.
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is deriv legit Replied 3 weeks ago - They dont have a CMA license which is issued by the Kenyan government. This license limits the leverage brokers can offer Kenyans to 1:400 amongst other investor protection clauses.
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How do you manage risk when trading forex? Replied 3 weeks ago - 1) Always Define Your Risk Before Entering Before clicking BUY or SELL, decide: ✔ How many pips you will risk ✔ How much money that equals ✔ Your stop-loss level If you can’t answer these before entering, it’s not a real trade — it’s a guess. 🔹 2) Use a Fixed Rule (Like 1% or 2% Rule) A very common and effective rule is: ➡ Risk only 1% of your account per trade. This means if your account is $1000, your maximum loss on a trade is $10. This keeps losses small and your psychology sane. 🔹 3) Use Proper Position Sizing Most emotional losses happen because traders use too much lot size. You should ALWAYS calculate your position size based on: ✔ Account balance ✔ Stop-loss distance ✔ Risk percentage This prevents accidental over-risk. 🔹 4) Set Daily and Session Loss Limits Good traders don’t just have stop-loss rules — they also have daily loss limits. Example: ➡ If you lose 3 trades in a row or hit 3% of daily loss — you STOP trading for the day. This prevents emotional revenge trading. 🔹 5) Journal Every Trade Emotionally and Logically After every trade — win or lose — write down: ✔ Why you entered ✔ What your risk was ✔ How you felt before/during/after ✔ Whether it matched your strategy After a few weeks you will see patterns — and correct them. 🔹 6) Review Your Trading Rules Weekly Ask yourself: Did I follow my plan? Did I use the right stop loss? Was the risk too large? Am I trading while emotional? This reflection builds discipline.
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how do I know I am revenge trading? Replied 3 weeks ago - When you exceed your daily loss limit but you are still opening more trades then its probably due to revenge. Friday is notorious for revenge trading because many traders cannot accept a bad week.
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Forex Traders Events in Nigeria Replied 3 weeks ago - 👍
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FxPro withdrawal still pending what's their withdrawal time? Replied 3 weeks ago - FxPro withdrawal time has improved considerably, itis now instant. I made a withdrawal today and it took less than 1 minute for the funds to reach my bank account.
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How Do I Set A Pending Order on MetaTrader Charts? Replied 3 weeks ago - To set a pending order simply right-click on the chart and select buy or sell stop/limit. The pending order line will then appear on your chart visually and once price gets to the line, the pending order will be executed transforming it into a live trade. One of the best trading platforms for order management is not MetaTrader but cTrader.
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Fear & Greed - the 2 deadly sins of forex trading Replied 3 weeks ago - If fear causes hesitation, greed causes excess. Greed convinces traders that they can always squeeze out just a little more profit or that a winning streak will continue indefinitely. One of the most dangerous expressions of greed is overleveraging—taking position sizes far larger than what a well-structured plan would allow. Even a small market move can become damaging when the position is too large. Greed whispers that more risk equals more profit, but in reality, more risk usually leads to more volatility and potential losses. Greed also tempts traders to ignore their exit strategy. Instead of taking profit at a predetermined level, they hold onto trades hoping the market will continue moving in their favor. Often, a profitable trade turns into a losing one because the trader refused to accept a reasonable gain. This unwillingness to take profits when planned leads to inconsistent results and emotional exhaustion. Overtrading is another common effect of greed. After a series of successful trades, a trader may feel unstoppable and begin entering trades that do not meet their criteria. They chase the excitement of making money rather than following their system. Strangely, this behavior often appears right after winning streaks, when confidence is high and caution is low.
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Why Was Exness Banned in Malaysia? Replied 3 weeks ago - Thanks mate!
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Is Quotex A Legit Broker? Replied 3 weeks ago - Thanks for sharing @amos
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USDCHF SETUPS Replied 3 weeks ago - SELL PROJECTION.
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How to calculate risk management in forex Replied 3 weeks ago - STEP 1 — Choose Your Risk Percentage Most beginners risk 1% per trade → this means you lose only a small amount if you're wrong. Examples: $100 account → 1% risk = $1 $250 account → 1% risk = $2.50 $500 account → 1% risk = $5 $1,000 account → 1% risk = $10 This amount is called your maximum risk or money at risk. 🔵 STEP 2 — Measure Your Stop-Loss Size in Pips Your stop loss is the distance from your entry to where the trade will automatically close if it moves against you. Example: Entry on EURUSD = 1.10500 Stop loss = 1.10350 Stop loss distance = 15 pips The larger your stop loss (more pips), the smaller your lot size must be. 🔵 STEP 3 — Understand the Pip Value Different currency pairs have different pip values, especially metals like gold. Here are the pip values for 0.01 lot (micro lot): EURUSD → $0.10 per pip GBPUSD → $0.10 per pip USDJPY → about $0.09 per pip GOLD (XAUUSD) → $0.10 per 1 point (not pips) This matters because the formula uses pip value. 🔵 STEP 4 — Use the LOT SIZE FORMULA ⭐ Lot Size = Money Risked ÷ (Stop Loss in Pips × Pip Value) This tells you the exact lot size you should use so your loss equals your planned risk. 🔵 FULL EXAMPLE — CALCULATING RISK Let’s say: Account balance: $200 Risk %: 1% → you risk $2 Stop loss: 25 pips Pair: EURUSD Pip value (0.01 lot): $0.10 per pip Now apply the formula: Lot Size = $2 ÷ (25 pips × $0.10) Lot Size = $2 ÷ $2.50 Lot Size = 0.008 lots Since MT4/MT5 doesn’t allow 0.008, you round to the nearest allowed: ➡️ 0.01 lots If your stop loss gets hit, you lose around $2, which is exactly 1% of your account.
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