B
Benson Emlembe
@benson_emlembe
Last seen:
3 months ago
Better to lose a trading oppurtunity than lose your money
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If you are winning at least 25% of the trades you take, then you are still better than most traders.
Headies you keep switching timeframe, you started the analysis with 30 minutes now you have switched to 2 hours for execution.
I even lost the trade because gold price has started going up, I wish I had entered earlier. Gold price had been falling ince morning so if i seold earlier I could have made something. Even for you, if you sold earlier you would have made something
For me I dont think the red bars are just retracements, US Dollar Index is high. The dollar continues to go from strength to strength. So, I think the Gold market is going to fall. Staying out of the market will mean missing out of the action.
The most obvious difference between exness and FxPro is the spread, with FxPro charging 40% higher spreads than Exness. However when it comes to execution speed, market exposure, quality of platforms, and even beginner education; FxPro is a way better broker than Exness.
Simulated funded account means you are funded with fake money. This is what prop firms are based on, you pay for an evaluation but the paid account doesnt contain real money, so you trade with fake money in a demo account.
By default, the London session starts by 8 am in the United Kingdom, so just convert it to Kenyan time.
When I begab trading some years ago I was always depending on technical indicators to tell me what to do and I was always losing. It was not until I listened to a podcast where someone said technical indicators are not for beginners that something clicked. I researched more and came to the conclusion that technical indicators are like driving an automatic transmission but when learning you need to learn with the manual transmission. After that I began to learn price action and seasonal market behavior and my situation began to change from unprofitable to semi-profitable. I am still on the journey though.
AvaTrade should not be on this list, broker is freakin expensive!!! Remove AvaTrade and replace them with FXTM cos FXTM minimum deposit for Nigerians is just N7,000.
Before getting a prop firm account i think you should first become good at trading with a live account for some time.
I feel you bro, some brokers be having minimum withdrawals as high as $25 that is why i ran way from Tickmill despite their good services.
I now trade with Pepperstone and they have no minimum withdrawal limit for local withdrawal methods (like mpesa) here in Kenya .
@vicky you said FxPro has almost zero minimum withdrawal do they charge any withdrawal fees and how is the withdrawal speed.
Maono global markets does not seem like a legit broker to me, their regulation is not clear and there is too little information about their services on their website.
There is no minimum deposit stated on their website and there is no way to reach them, the whatsapp number on their website is not even registered on whatsapp so you cant chat them.
I would stay away if i were you.
