My first trade experience

Its better to make little profit than to lose money

This is first of my trades today . A buy trade on 0.01 lot size during pre- Frankfurt Session , which i deliberately closed in a loss due to uncertainty about the direction of the market.

This is the image.

Today there was significant open interest on eurusd hedging at 1.1700 level which increased the probability that price would fall till that level

I traded the US 30 Index today just to gain some experience in trading other assets . The image below shows what Support , Resistance, Ceiling and Floor mean.

Well done

What am I seeing , Yoks ? The prices on right margin of the trading view chart that usually begin with 1.something amount now indicating 49. something amount.

show an image of the chart

check if you are trading the right instrument

Today is the most frustrating and unproductive day since i started Forex Trading!

Sequel to losing about N4000 this norning during London Session , i was disconnected from trade by Fxpro !

They may call that network issue but its very annoying and frustrating ! Thank God it happened when i did not have an active trade running.

This is not the first time i have experienced this with Fxpro ! The first time it happened to me was about 2 weeks ago during 4 opened market positions i had running . I was confused and tried all i could do to restore network in vain ! became exasperated and apprehensive of losing a lot from those 4 longs that i took at a go . Then, fortunately for me , the next day profits had accrued each of them . Thank God. But then , if the reverse was the case ; how would i have felt ?

so, bottom line is, in my view and based on these past troubling experiences, Trade Nation is the most convenient Broker for Trading so far . I strongly recommend it to everyone .

Since I started trading with Trade Nation last year, I have never experienced these kind of issues that are common with Fxpro. Apart from the minimum withdrawal amount of $50 and the fact that it doesn't provide a Wallet where you can reserve funds in case your account is exhausted, Nevertheless, Trade Nation is more convenient for trading that Fxpro.

That's great to hear Trade Nation has been smooth for you overall. The $50 min withdrawal and lack of a reserve wallet are fair drawbacks, but reliability matters most.

Your Fxpro account is a cTrader account so I suggest you trade with the cTrader web terminal whenever you are disconnected from TradingView. You have two platform options at your disposal so if one is down you can trade with the other.

FxPro TradingView is not as smooth as other brokers when it comes to maintaining the connection, sometimes it logs you off, I conta ted them and the said its due to security configuration bla bla bla. But be using the cTrader web terminal it is very stable.

Use this link to access FxPro cTrader https://www.fxpro.com/trading-platforms/ctrader

Copy the link and paste it in your browser, when the page opens scroll to the bottom and click on "launch cTrader web"

I traded Natural gas today for the first time on 0.01 lot size during New York Session and lost N5000 ! What caused the loss?

Upon investigation , i discovered that the spread of Natural gas is wide , requiring me to fix a high stop loss of N4000 , which i lost shortly after the sell position began . Though, i felt bad but it's a learning experience.

Natural gas spread is wide as can be seen from the distance between the bid/ask lines on your chart. When spread is wide, you have to set an even wider stop loss or you risk getting stopped out even before the actual market price gets to your SL

This was the natural gas price action for yesterday. After the EIA nat gas inventory data was released, the price went up to the edge of the box and then crashed from there

My today's trading experience was characterised by steady network issues, causing me to risk almost N 2 k ! Initially I thought it was from the trading App, (C Trader) and asked Yoks if he had similar experience but he said it was Airtel network issue.

If not for financial challenges, it would have been very necessary to have more than one type of network source for effective and efficient trading sessions to avoid risking one's opened positions especially if you didn't have time or remember to set Take Profits before the network reversal.