B
Biggyforeign
@biggest01
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5 days ago
I HAVE ALWAYS LOVED TRADING
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I'm trading today coach. Waiting for London open. Gold too volatile for me this morning, looking at AUDUSD sells and V10 buys after liquidity sweep.
5. Answer: B. Prices are generally moving downward ✅
Quick breakdown:
Bearish market = Traders are pessimistic. Sellers are in control and prices are trending down.
Think "bear swipes downward with its paws" 🐻📉
1. What should you look for before entering a trade?
Think of it like a pilot’s pre-flight checklist. If one thing is missing, you don’t take off ✈️
Here’s the 5 things pros check every time:
1. The Setup: Do you have a real reason?
Don’t trade on vibes. You need confluence 2-3 things lining up.
Examples:
- Technical: Price at support/resistance, breakout, trendline touch, MA cross
- Fundamental: News, earnings, Fed announcement
- Rule: If you can’t explain "why" in 1 sentence, skip it
2. Market Context & Trend
- Higher timeframe: Is 4H/1D trending up, down, or sideways? Trade with that trend
- Volatility : Is the market too wild? Big news in 15min? Wait.
- Liquidity : Can you get in and out easily without big slippage?
3. Risk to Reward
Decide this BEFORE you enter:
- Stop Loss : Where are you wrong? This is your "uncle point"
- Take Profit : Where are you right?
- R:R Ratio : Aim for minimum 1:2. Risk ₦1,000 to make ₦2,000. If R:R is 1:0.5, don’t take it
4. Risk Management
- Position Size : Only risk 1-2% of your account per trade
Ex: ₦200,000 account = max ₦2,000 - ₦4,000 risk
- Max trades per day: Prevents overtrading
- No all-in: Never risk money you can’t afford to lose
5. Your Mindset
- Revenge trading? After a loss? → Don’t trade
- FOMO? Chasing a pump? → Don’t trade
- Tired/stressed? → Don’t trade
1. The World Never Stops Trading*
Unlike stocks that only trade when NYSE or NSE is open, *forex is global.
When it’s night in Nigeria, it’s morning in London, and afternoon in New York.
The market just "hands off" from one financial center to the next:
1. Sydney* → 10pm - 7am WAT
2. Tokyo* → 1am - 10am WAT
3. London* → 8am - 5pm WAT
4. New York* → 1pm - 10pm WAT
So when London closes, New York is still trading. When NY closes, Sydney opens again.
→ No gap. 24/5 coverage
1. Banks + Companies Need It 24/7
- A company in Nigeria importing from China needs to convert NGN → USD → CNY at 3am
- A bank in London hedging risk at 11pm
- A trader in New York reacting to news at 2pm
If forex closed, global trade would freeze every night. Governments, banks, and corporations move billions daily and they need access anytime.
1. No Central Exchange
Stocks trade on 1 exchange like NYSE.
Forex is decentralized = "OTC" Over The Counter
It’s just banks, brokers, and institutions trading directly with each other electronically.
No building to close. No bell. The servers just keep running.
1. News Happens 24/7
NFP drops Friday 1:30pm WAT.
Fed speaks Wednesday 7pm WAT.
War, inflation data, earthquakes can happen Sunday night.
If forex was closed, you’d get massive gaps when it reopened. 24hr trading lets price adjust instantly.
It keeps you in the game
One bad trade can wipe out 10 good trades if you have no risk rules.
With risk management: You can lose 5-10 times in a row and still have 90% of your account.
Without it: One revenge trade = account blown.
Inducement tricks retail into buying.
Then second BOS sweeps liquidity and confirms smart money is selling.
So we fade the IDM and sell the BOS + OB pullback.
Exactly. Inducement = the fakeout.
Retail sees the small rally and thinks reversal so they buy.
Smart money uses that IDM to sweep liquidity, then the second BOS confirms the real move down.
Hammer = bullish rejection at lows. Shows buyers defended and liquidity was taken below.
Inverted Hammer = rejection at highs/lows. Shows sellers defended.
Both need BOS confirmation before entry right coach?
CPI falls under fundamental analysis. Because CPI is economic data/news.
Traders use it to judge inflation which affects interest rates which moves currencies, stocks, gold.
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