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Xellow Lavoitre
@xellow
Last seen:
1 day ago
Energy Trader
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And by expert trader i don't mean those who only know how to analyze charts but not to trade. Before you go for a prop firm you should be able to have a 40% win rate on a live account.
I wouldn't recommend prop firm trading for anyone who is not an expert trader because out of 100 people only around 3 will make it to payout phase on a prop firm
Trade live for people to see, because seeing is believing, don't be like all those people who are only good at analyzing already formed charts
Yes, do not forsake the gathering of the brethren whenever they meet thou shalt endeavor to join them uplift each other
The purpose of trading is to make money, nobody comes in to lose money. Of course before I trade different asset classes I will know what moves their market and I will have a strategy. You cannot assume I dont know that. of course different instruments do not have the same pip value but thats not the point, the point is trading several asset classes in a day increases your chance of winning. If gold is misbehaving, you should not invest all your time into it, you use some of that money to try a pair with clear direction. I am sure you trade more than one instrument from your posts so why dont you trade just one if diversification doesnt work?
But how do other African countries do it? Kenya and South Africa have better economies than Nigeria but they still regulate forex trading?
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