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Obinna
@obinna
Last seen:
2 weeks ago
here to learn
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I trade because I want to develop a skill set. I believe a university degree is not a guarantee of getting job after graduation. So, learning a skill is a plan B. Since I cannot learn mechanics, tailoring, welding, carpentry etc. make I kuku learn trading
I dont see anything wrong with switching bias I don't do it more than once. So, if I was short and I get stopped out, I can go long if I see the strength. However, if I get stopped out of the long, I wont go short again.
That's not correct 😂it doesn't even make any sense. What do you mean by "fixed lifestyle"? and what do you mean by PCE measures how consumers adapt? I thought PCE measures cost of living so which one is adapt?
You people should stop going to forex factory for economic calendar when we have one here on MTL. It doesn't make any sense. Lets use what we have here
The idiot in me tells me I should buy and silly me I clicked on the buy button and boom! price starts falling and I blow my account. Not that I didnt know the right thing to do, I just let FOMO get the best of me, hope someone learns from this
I had the right idea initially, US inflation increases, everyone with half a brain knows the FED will look at increasing rates, equity markets should fall. I took a sell on US100 and lo and behold price starts rising and Im like wtf bro, this shouldn't be
The cabals don't want it regulated, I mean the bureau de change operators. They have been lobbying the house of reps and senate to klll any bill on forex trading regulation.
Did you hear about the AddyFX scam in Nigeria, within 1 week Nigerians deposited up to 1 billion naira with AddyFX and they were promised returns of 10 to 25%. In the end the scam was exposed to be a Ponzi scheme
Someone tried to market me to open an account with a broker called WMarkets. When I investigated I found out the broker was not regulated and their website looked fake. On the website they had no regulatory info and on the "about us page" there was a title "meet our Managing Director" but no photo of him/her, no name of the Managing Director etc. pure scam
You are talking $10 million, some broker don't even make up to $2 million profit in a whole year. Brokers are not banks oh, their balance sheet is not robust. If a broker makes say $100k from spread but has to pay out a $1 million profit has that not erased any gains from the spread?
Nice analysis, for me I lost money because i shorted the bearish engulfing that appeared around 1.1744
Yes boss! and this is why a trader needs to be sufficiently capitalized to be able to have enough funds left to switch bias
Wow price is really trending downwards. So @yokoyi the sky blue box is the Pre-New York open range can you explain?
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