K
Kehinde Davis
@kehinde
Last seen:
2 days ago
Lets profits run, cut losses fast
0 Followers
0 Following
when revenge trading takes over you totally lose control of yourself, as if some external force is holding your hand and placing the trades. Its a real menace
Thanks @obinna, please lets comment on this thread we need more opinions from members of the forum in Nigeria, or is it that we dont understand the question?
Thanks for sharing @kemi. One of my friends was a victim of a forex scam he gave N1,000,000 to one guy who said he trades forex, he wanted the guy to trade for him. They signed an agreement and the guy promised 50% returns and demanded an upfront fee of N200,000. My friend paid and after one month no returns was sent to him and he tried contacting the guy and the guy said gold market was not moving hence he needed more time to trade. This went on for almost 6 months till my friend got him arrested. He agreed to pay back the money but after he was released he ran away
I will go first, from my observation, the common forex scam in Nigeria today is that of fake brokers. There are so many unregulated brokers operating discreetly in Nigeria
Hello @yokoyi, but why did you choose to exit the trade at that point, perharps it would have gone down more if you left it
Take partial profits and leave the trade to run, cTrader is a good platform for partial profits. If I may ask which platform are you trading on and which broker?
For a 0.05 lot size you can manage risk by breaking the trade into five 0.01 trades so you can take profit on some and leave the rest to run
But what if we use different strategies for different instruments because not evert strategy is suitable for all instruments.
But why will an investment bank or hedge fund worth billions of assets under management need to trap a retail trader and get their small money? I thought these hedge funds are the market makers themselves which means they are the liquidity, so why will they need to get liquidity from petty retail traders? Are retail traders that important that an investment bank or hedge fund will need their liquidity?
Showing 20 of 100+ replies.
Log in to see all replies