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Kehinde Davis
@kehinde
Last seen:
15 hours ago
Lets profits run, cut losses fast
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Bro what are you saying, read what Investopedia said, DXY is a measure of the strength of the dollar vs a basket of major fx pairs, this is common knowledge
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?
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