NewStats: 3,265,557 , 8,187,209 topics. Date: Sunday, 15 June 2025 at 06:15 PM 174y5y

D Doc, u dey vexooooooooooooooo, how man go take read this ur chart?

@Dr- pips bro, fear dey catch me too as i dey look dat your chart. How do u manage to deduce market direction from it? Mean no offense bro, no hard feelings.... Just curious

my chart looks simple in of market direction, i use a color code RSI filter and moving averages for my entry, ddfx volatility to follow the trend and exit, my entry doesnt really matter as i employ charles ellis investment policy mostly which states that investors would do well to learn from deer hunters and fishermen who know the importance of "being there" and using the patient persistence-so they are there when opportunity knocks,, .........the mode is to get in when it is happening, if it happen well,i make as much i could as i focus majorly on exits,and if am in a loss, i get out at my risk limit or lock the loss with a limit order depending on what gonna happen next....both simple and complex

Watch out for GU, Sell @ 1.6377, TP 1 @ S1, TP2 @ S4



http://www.mql5.com/en/charts/1116188/gbpusd-h1-hf-markets-ltd-watch-out-for-gu-sell-1-6377-tp-1-s1

http://www.mql5.com/en/charts/1116140/eurusd-h1-hf-markets-ltd-eu-sell-waiting-for-price-to-break

Agbaka1: mr corruption let me tell u all d money i lost to fx na my personal hard earned cash before my eyes got opened. any way let us end all dis begging story and let all man face their life. d high rate of scamming on earth is what led to d cold nature of people toward giving. even on dis thread there are many 419 claiming to be billionaire/millionaire. and that is why i always say dont give ur money to any body.
@Benpuzzy pls dont bother funding my acct again.
TO ALL NEWBIES NEVER DEPEND ON ANY BODY TO MAKE IT IN LIFE. WITH GOD ALL THINGS ARE POSSIBLE. THERE IS NO FREE MEAL ANYWHERE ON EARTH.
I CAN MAKE IT. THE DAY I DISCOVERED I CAN TURN 100$ to 10000$ IN 12 MONTHS WAS THE DAY I KNEW MY FOOLISHNESS AND GREED THIS LONG BY TAKING OTHERS OPINIONS ABOUT FX TO HEART WHICH HAS COLLAPSED MY S.

FOR ME I WILL NOT TAKE DIS THREAD SERIOUS AGAIN BUT I WILL BE COMING HERE AS TIME GOES ON TO EXPRESS MY GRIEVIANCES SO THAT NEWBIES NOR GO FALL MUGUUUUUUUUUUUUUUUUUUU

Mr Agbaka, it so much nice to know to are a professional Forex trader, but i bet it that you have not read this book by an author /investor called Nassim Nicholas Taleb(Fooled by Randomness), He quoted, "Lucky Fools do not bear the slightest suspicion that they may be lucky fools-by definition,they do not know that they belong to such a category. they will act as if they deserve the money. the lucky fools is defined as a person who benefited from a disproportionate share of luck but attributes his success to some other, generally very precise, reason"
please try and grab a copy to change your trading temperament or maybe cure your grandiose delusions, and lastly please leave the thread if you dont want to share your knowledge it will be uncivil of you to disrupt those that are doing it ..please

@naijababe


whether 4H, wkly or monthly, you are still a FT trader, because you are in to achieve your finl Goal, just that you find a better way to deal with the demons............... as for me,i enjoy slaining them, cos am allergic to beef ...lol

offcos nothing but the cold hard truth

naijababe:


. Bros, emotional anything is evil

lol........come to think of it oo, out of emotion comes intuit, while from logic comes reason, does it mean that reason speaks better than intuit ,because am a kind of person that naaturally dont like doing things in a fixed repeated pattern,it tends to be boring on the long run, but so to speaks logic wins in the forex world

naijababe:

If only the discerning will pay attention to the bolded. An author wrote in his book that you should run from any trader who only ever shows u his wins but never his loses.

Abi no be for this same thread that I read about Ichimoku, bbstopper abi na bbm, cloud and countless other indies that are supposed to be magic?!. If u nor shine your eye na you know.

really but i will say the best discerning is the one from ones experiences as a trader,i have spent most of my days and night with technical analysis, made a cocktails of indies and advisors just to get that perfect entry , but the reality is that the market was never perfect, i realise we are playing against the big players the commercial and the speculators which hedges against eachoda, it was then i realise that fundamental release only fuel what has been speculated technically however it is, i ve taken so much loss due to overconfident that i nearly give up, but the holygrail i found was to grab my calculator , my mind, and to focus on my exit particularly for every position, there is no magic indicator, motivated so much by warren buffets that quote : Rule No.1: Never lose money. Rule No.2: Never forget rule No.1 : , what i do is i calculate all the margin leverage requirement, then i hedge lossing trade to break even whenever i go wrong, the probability calculations is fun, and thats how build up really.....

naijababe: I guess some things never change.............

but not like you now, your absence here was a change already is permission granted to pronounce a welcome back speech...lol

this is nothing but the reality

What i find worrying is that in the time-frame while the MetaTrader exists no-one has ever stood up for traders. Sure, some stuff was leaked before, like the VD pdf. But as I'm assuming, people don't take this kind of stuff seriously. They are, for some reason, always hoping that this stuff might be fabricated.

So what's actually happening on both sides?

Broker
It's quite easy to setup a brokerage company. First thing you need to decide is what kind of broker you want to be - regulated, unregulated, mm or ecn. The amount of investments you will need depends on your decision. The most cost effective is regulated/unregulated Market Maker. Since the unregulated brokers always seem more SCARY and unreliable then the regulated ones, not much difference separates them. The regulators are more or less a badge they hang to attract you. So the basic steps of getting on your feet as a broker - buy yourself a cool domain name with letters FX in it, get yourself a black box - your market quotes which are stolen from some bank and finally get yourself a team of soulless fu**s who will gladly take the last 25 dollars from a Nigerian widow - and I'm not exaggerating here. So since you are a market maker, you don't need real liquidity, only thing you need is for people to think that this is real liquidity. Even if you had the balls to make a 100 k investment to get your self some real liquidity provider, you ain't gonna use him much, since 95% of all trading will never go outside your company. The fact is that the 95% of people will loose with some or a lot of help of the broker. The other 5% thou, might damage you a lot. Either he sends your orders to the liquidity providers, or he makes you loose.

Trader

You poor bastard. If you had the privilege of being born with enough brain to get yourself well educated enough, to never trade - you are lucky. You are very lucky, if you have found a way to cheat when trading (cheating - a low risk, guaranteed income). You are even more lucky if you have made up a great strategy, which allows you to be profitable at all times. And you are the luckiest person in the world if you are THE Trading Guru. But if you are reading this, most probably you are not lucky. You have been cheated and scammed. And your fight against the wrong broker for the money is like a bunny vs napalm bomb. You blame yourself for the loses, you read the ****ty material - books, forum posts, articles which the brokers themselves post, for you to find a way to blame yourself. The forums are full of insiders, pretending to be your friends, to be one of your kind. Writing good reviews for themselves and throwing poo at each other. So if you are still persistent enough to trade with the classic setup mm+mt4, or any mt4 broker in that case - i wish you best luck. You deserve to loose.

hello guys ,surfing through the business insider page, i found this wonderful article thats speak volumes on smartness and business ...enjoy
1. Spend Significant Chunks of Time Offline
“I think it’s good to spend significant chunks offline. For example, I don’t check my email on weekends. This means I’m usually off social media…I’ll text a bunch because that’s social for me and how I organize social behavior. But I tend to get more reading done and my brain gets pulled in a cooler direction. And a lot of people tell me they can’t do that because their boss demands they check email all weekend. And this shows that a lot of the problems of distraction we have are not really latent in the technologies themselves, they’re latent in the power relations that emerge from those technologies.

White collar workers now probably need to have a solidarity movement that equals that because their labor is now constantly squeezed by employers who have the ability to reach them 24/7. The smart employers…recognize that it’s actually bad for the caliber of their employees' thought to be constantly pecked at like ducks all week long.

And I think Volkswagen and a few other firms have instituted this policy of turning the Blackberry servers off after a certain hour at night and on the weekends, so there’s no email coming into their employees… this has been what the unions have been espousing for a hundred years, the weekend works.

It’s a civic and social good and for an employer it should be a corporate good too. Let people disconnect from your corporate demands.”

2. Engage in “Cognitive Diversity”: Do Something Mentally Different
“One of the things I talk about in my book is the need for what I playfully call cognitive diversity. If you buy the idea that the way we communicate and write, express, and form our ideas online is qualitatively different from the ways we do it offline, and that those are productively or usefully different from traditional less social thinking offline, then it’s still incredibly useful to read immersively for eight hours, go for a long walk, or just argue about something drunkenly at a bar with a friend. These things are sufficiently different from the ways we conduct ourselves online, and it will drag your mind in usefully different modes of thought.


The same type of thing of just doing something different with your body, the reason why we get ideas in the shower is because we’re not working and our bodies are doing something totally different. It’s a new stimulus environment, and the stuff we’ve been ruminating on just assembles itself in a completely different way in our subconscious…

So if you’re a person that works with words all day long like I do it’s really good to do something completely nonverbal in your spare time. I’m an instrumentalist, so I’ll play guitar for half an hour at the end of the day and it’s a fabulous way to put my brain in a totally different embodied state. I often come away from it having solved some sort of problem…And it is very emotionally valuable as well, which exercises whole other parts of my personality.
Everyone’s got something like that; some people like to cook, they’ll spend eight hours on Sunday doing a fantastic Indian food dish, running, playing team sports. These are all things that are connected to the quality of our overall lives and thinking. Knowing when to shift between public and private thinking — when to blast an idea online, when to let it slow bake — is a crucial new skill: cognitive diversity.”


3. Don’t Isolate Yourself: Learn Social Thinking
“Our intelligence has never been entirely just in our heads. A huge amount of our thinking is what the philosopher Andy Clark would call taking place in the extended mind, which is to say, using all sorts of resources outside of us to help scaffold our thinking in new directions and capabilities that are impossible with the mind alone. That ranges from something as simple as being able to write something down so you no longer have to hold it in your head for the short or for the long term…a huge amount of human cognition has relied on resources outsides of our heads in the same way that the basics of our memory relied very heavily on social dynamics, social ing, or what psychologists call transactive memory.


When groups of people hang out…they are very good at retaining meaning, but we’ve relied on other people as sort of these cognitive amplifiers. So you could ask the question, are we dumber if we’re not around other people? Are we smarter if we’re near them?
I think the answer is yes, we are smarter when we are around other people, we are smarter when we are around all sorts of external scaffolds for our thinking, and that’s an essential definition of being human.

One of the things my book tries to do is a huge amount of what we typically think of as intellectual work has always been very social and transactional with other people. And we’re too frequently defining intelligence and thinking as sitting and peering at a book alone for ten hours or ten years. And while that’s an undoubtedly powerful mode of thought, in the real world a huge amount of thinking happens when we’re arguing, bickering, and relying on each other and working in groups.

And one of the reasons this has been denigrated is because socializing has been read as feminine — social skills and EQ. And you see this right now. All the sort of big thinkers out there complaining that social media is trivial and stupid are these middle aged male novelists, right? Jonathan Franzen, for example. They are literally saying, unless you are isolated, and remain isolated, somehow your thinking is contaminated and shallow and trivial.”

4. Find Your ion: It Drives Memory and Creativity
“ion is what drives memory. So we can now for a more diverse array of information, and we can now have far more serendipitous encounters with knowledge and other people, that you probably get a net increase in creativity. But it is also true that if you want to have powerful creative leaps in the sense of going on a long walk and suddenly being hit by a bolt out of the blue, you have to deeply internalize knowledge. So it is incumbent upon the person who wants to be creative to really wrestle with the material they are thinking about.


So you have to have those disconnected moments where you can think without being distracted. You also need to do more generation, such as writing about it, or writing it in front of other people. This is enormously powerful for encoding in our heads what we’re thinking about.
The distraction stuff has made things harder, but the generation stuff has gotten easier. Even arguing about things through email has powerful effects in getting things to sink into your head. If we stopped lingering over the stuff that we cared about, you could argue that we are losing some creativity, but in practice I think when people are obsessed with something they do linger over it. So really what you have is a cultural problem.

I would like people to be obsessed with space exploration more, with politics more, which is the age old question of, “How do we get people ionate about the things that are the big things?” That’s what you and I are trying to do. We’re constantly trying to seduce people into thinking about science by posing it in a really delightful way. You attract more flies with honey.”

5. Don’t Just Follow the “Thought Leaders” or the Elite
“I think what’s happening now with the internet is cultural elites — and I would probably include myself in that category because I’m a New York writer — are startled to discover just how diverse human interest and human ions really are. Because when you live in one of these cities on the coast, you think wow, everyone is really unified around X, Y, or Zed, because we’re writing about it. But then you discover, no, no, no, people don’t care about that at all!

For example, book scan comes along to see what books people are actually reading, and the New York Times doesn’t put together its bestseller list based on what books are actually selling, they put it together based on a handful of carefully picked bookstores in elite markets because that’s who they care about — “thought leaders” to use one of the most obnoxious phrases coined in the last ten years. Thought leaders.

So it turns out the country buys a million-gazillion Christian books and a lot of self-help right? So as soon as we got information about what the average person was really doing it didn’t in any way cohere with what the people — who thought they had a lock hold on canon — thought everyone should be talking about. And the internet has a little bit of that effect. Because it makes conversation visible, it startles us with the diversity of what people actually care about.

One of the things I think is really unsettling about the internet and the way it has transformed society is how little people actually care about the things we thought they should care about. This is always what freaks out cultural elites. They thought everyone cares about the same five books they read. But they go online and everyone’s talking about Twilight, their fantasy sports league, Pokemon, their Tea Party meeting, gardening, and knitting. And the elites are like, “Oh my God, why is everyone so dumb?” And by dumb they meant why isn’t everyone reading the same five books I was reading?”


6. Know When (and When Not) to Rely on “Outsourced Intelligence”
“If you automate skills that shouldn’t be automated you can degrade the quality of your performance and thought. So we have Google self-driving cars coming along. On the one hand this is great because humans are dreadful at driving. We should not be driving. We have terrible wandering minds and are too easily distracted. We are overly confident in our abilities and have a dreadful sensual appreciation for the kinetic power of a two ton object moving at sixty miles an hour. So I would way rather have a robot controlling the car. The danger of this is when you have to suddenly hand the control back to a human.

So I’m in the car and sleeping, playing a video game, or not paying attention, or reading a newspaper, and suddenly my self-driving car goes, “Oh my God, something is happening that I can’t handle” and says, “Here Clive, you drive.” And maybe I haven’t actually driven the car for two years now. So I’m probably going to be a disastrously bad driver.

So if you hand off to a machine or an algorithm, you can lose the habit of doing that task. This is a really interesting problem and I don’t know how they’re going to get around that with self-driving cars. The statistical answer is if I am handed back the car I likely will crash it, but the overall damage rate of handing off the control of cars to robots will still be so much lower so it’s worth it overall.

So how does this analogize to cognitive tasks that aren’t so life and death? One example is with calculators and learning math. The evidence seems to show that if you give a kid a calculator too early a stage in their learning they won’t learn it quite as well because they don’t get the chance to really wrestle with those procedures internally. It’s even bad to routinize or hand over to an algorithm the act of addition with carrying. Add one number, carry it over, that’s an algorithm for adding. Studies show it prevents the kid from thinking about what the numbers mean… I see this in my kids learning, where teachers do teach the algorithm but they also teach different ways to think about the numbers… once you’ve grasped these basic math concepts, using a calculator is fine and this actually improves their ability to learn math, discover more playful combinations of numbers, and ratchet themselves ahead.”


7. Play Video Games, the Gateway Drug to New Learning
“I became aware early on, that as Dave Weinberg says, “everything is miscellaneous.” Whatever it is you care about, there are more people that don’t care about it than do. Your ions are someone else’s miscellaneous stuff.


So playing video games was useful in learning cultural humbleness. The second thing is they got me interested in computers. They were a gateway drug to thinking about the role of computation in people’s lives. They got me interested in programming, which gave me a glimpse into the superstructure of software.
And they’ve given me an enormous amount of existential joy, which I think doesn’t get talked much about. Since video games have been under assault for so long as a waste of time, people have had trouble expressing what it is that is joyful about them. And there have finally been a bunch of intellectuals who have begun to grapple about what’s good about games — not about what they teach you or if they improve your hand-eye coordination or working memory — they are asking as a philosophical enterprise, what are they good for? Why do we love them?

Regarding gaming and problem solving… I think games are a fantastic opportunity for illustrating a couple things that educators often complain they have trouble getting kids to understand. One of them is the scientific method. We talk about how if you’re confronted with a problem [you should] generate hypotheses and do an experiment to figure out whether your hypothesis matches reality. Collect your data, refine your hypothesis, and do it over and over and over again…

But it’s hard to get kids to really understand that because we give them these mock experiments to run where the results are already known… We never give them a really invisible problem and ask them to make the rule set visible. We never tell them you need to figure out whether the Higgs-boson exists. They don’t have the tools to do that. We’re bad about giving them problems with invisible rules that they are excited about uncovering. And until you can do that, they’ll never really understand what is powerful about the scientific method.”

8. Be Willing to Adapt Your Thinking Strategies
“I’m pretty optimistic about the adaptability of our thinking strategies. For example, I am a big marginalia taker in books. It’s how I make sense of a book. And you could say there’s a wonderful kinetic feeling to that and I write more slowly than I type, so am I encoding that knowledge in a better different way? And you can do these swoopy little cool connections where this part is connected to that part. And there’s this spatial memory about where it is in the pages, and that’s lost when you work digitally, right?

But on the other hand, when I take notes on my Kindle, I can move a little more quickly when I’m typing so I put in a longer and more thoughtful idea, sometimes I’ll even write two paragraphs, which you can’t do in the margins in a book. And more importantly you can reencounter those notes by putting them into a database, and when I search them I can find notes that I had forgotten I had taken from a book three years ago.

Recently I’ve been Tweeting couplets from Alexander Pope’s essay on man, because he’s one of my favorite poets, in the 18th century he’s my overall favorite poet, and I read it on the Kindle. So I kept on highlighting these wonderful couplets. And so I called up the notes and I’ve been Tweeting these couplets. And there’s no way in hell I would do this with my paper book. I would literally forget it was there. I do 50% of my notation in paper and 50% in Kindle and I don’t feel there is a big difference in the quality of my thinking, only that it’s easier to encounter what I wrote in the digital format. And that reencountering is so explosive in value.”

9. Use Technologies to Amplify Your Intelligence
“I absolutely think that writing concisely and pithily is more recognized as a value now than it has in some time. We have some tools now that encourage pithiness, for example Twitter. People mocked Twitter for “what can you really say in 140 characters?” but I think what we’ve discovered is that people can say delightful things; it forces them to boil what they want to say down to the absolute nut of it, it forces them to be incredibly witty. As Shakespeare wrote, 'Brevity is the soul of wit.' An aphorism itself that would fit perfectly into a Tweet with room left over.”


source... http://www.businessinsider.com/9-ways-to-become-smarter-2013-11

[size=14pt]damn guys !! Bitcoins just keep flying....$1036 now buys 1BC realtime, which is what was only valued for just $89.82 as at the 14 of july,something serious is really happening in the digital world.[/size] this could be the next coded safe haven that even benanke all knows about it

For all the time executives spend concerned about physical strength and health, when it comes down to it, mental strength can mean even more. Particularly for entrepreneurs, numerous articles talk about critical characteristics of mental strength—tenacity, “grit,” optimism, and an unfailing ability as Forbes contributor David Williams says, to “fail up.”
However, we can also define mental strength by identifying the things mentally strong individuals don’t do. Over the weekend, I was impressed by this list compiled by Amy Morin, a psychotherapist and licensed clinical social worker, that she shared in LifeHack. It impressed me enough I’d also like to share her list here along with my thoughts on how each of these items is particularly applicable to entrepreneurs.



1. Waste Time Feeling Sorry for Themselves. You don’t see mentally strong people feeling sorry for their circumstances or dwelling on the way they’ve been mistreated. They have learned to take responsibility for their actions and outcomes, and they have an inherent understanding of the fact that frequently life is not fair. They are able to emerge from trying circumstances with self-awareness and gratitude for the lessons learned. When a situation turns out badly, they respond with phrases such as “Oh, well.” Or perhaps simply, “Next!”

2. Give Away Their Power. Mentally strong people avoid giving others the power to make them feel inferior or bad. They understand they are in control of their actions and emotions. They know their strength is in their ability to manage the way they respond.

3. Shy Away from Change. Mentally strong people embrace change and they welcome challenge. Their biggest “fear,” if they have one, is not of the unknown, but of becoming complacent and stagnant. An environment of change and even uncertainty can energize a mentally strong person and bring out their best.

4. Waste Energy on Things They Can’t Control. Mentally strong people don’t complain (much) about bad traffic, lost luggage, or especially about other people, as they recognize that all of these factors are generally beyond their control. In a bad situation, they recognize that the one thing they can always control is their own response and attitude, and they use these attributes well.

5. Worry About Pleasing Others. Know any people pleasers? Or, conversely, people who go out of their way to dis-please others as a way of reinforcing an image of strength? Neither position is a good one. A mentally strong person strives to be kind and fair and to please others where appropriate, but is unafraid to speak up. They are able to withstand the possibility that someone will get upset and will navigate the situation, wherever possible, with grace.

6. Fear Taking Calculated Risks. A mentally strong person is willing to take calculated risks. This is a different thing entirely than jumping headlong into foolish risks. But with mental strength, an individual can weigh the risks and benefits thoroughly, and will fully assess the potential downsides and even the worst-case scenarios before they take action.

7. Dwell on the Past. There is strength in acknowledging the past and especially in acknowledging the things learned from past experiences—but a mentally strong person is able to avoid miring their mental energy in past disappointments or in fantasies of the “glory days” gone by. They invest the majority of their energy in creating an optimal present and future.

8. Make the Same Mistakes Over and Over. We all know the definition of insanity, right? It’s when we take the same actions again and again while hoping for a different and better outcome than we’ve gotten before. A mentally strong person accepts full responsibility for past behavior and is willing to learn from mistakes. Research shows that the ability to be self-reflective in an accurate and productive way is one of the greatest strengths of spectacularly successful executives and entrepreneurs.

9. Resent Other People’s Success. It takes strength of character to feel genuine joy and excitement for other people’s success. Mentally strong people have this ability. They don’t become jealous or resentful when others succeed (although they may take close notes on what the individual did well). They are willing to work hard for their own chances at success, without relying on shortcuts.

10. Give Up After Failure. Every failure is a chance to improve. Even the greatest entrepreneurs are willing to it that their early efforts invariably brought many failures. Mentally strong people are willing to fail again and again, if necessary, as long as the learning experience from every “failure” can bring them closer to their ultimate goals.

11. Fear Alone Time. Mentally strong people enjoy and even treasure the time they spend alone. They use their downtime to reflect, to plan, and to be productive. Most importantly, they don’t depend on others to shore up their happiness and moods. They can be happy with others, and they can also be happy alone.

12. Feel the World Owes Them Anything. Particularly in the current economy, executives and employees at every level are gaining the realization that the world does not owe them a salary, a benefits package and a comfortable life, regardless of their preparation and schooling. Mentally strong people enter the world prepared to work and succeed on their merits, at every stage of the game.

13. Expect Immediate Results. Whether it’s a workout plan, a nutritional regimen, or starting a business, mentally strong people are “in it for the long haul”. They know better than to expect immediate results. They apply their energy and time in measured doses and they celebrate each milestone and increment of success on the way. They have “staying power.” And they understand that genuine changes take time. Do you have mental strength? Are there elements on this list you need more of? With thanks to Amy Morin, I would like to reinforce my own abilities further in each of these areas today. How about you?

SOURCE: http://itmakessenseblog.com/2013/11/22/mentally-strong-people-the-13-things-they-avoid/

Dear traders, have you ever felt how it will look like if our currency is traded as USD/NGN on the spot market live where brokers can select it as trading instrument on MT4, just like the kenya,S.A and Egyptians currency, where unbiased news release from our ministry of finance will allows us to profit from both the bullish and the bearish growth of naira against the US dollars instead of the stockpickers and the offline blackmarket guys benefiting from it, what do u guys feel, are we getting closer , over the years, USD/NGN chart just keep rising

FX: Could d GU downtrend b real cos d fundamental is risk on . I nid more proof to d bears.

it price action that will determines towards the british news release of the week, it will be cool to wait for a clear divergence before entry else ride if the bulls charges again

some Trading Quotes from notable investors

"Don't focus on making money; focus on protecting what you have."

Paul Tudor Jones



"The most important thing in making money is not letting your losses get out of hand."

Marty Schwartz



"I always define my risk, and I don't have to worry about it."

Tony Saliba



"The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading... I know this will sound like a cliche, but the single most important reason that people lose money in the financial markets is that they don't cut their losses short."

Victor Sperandeo



"I think investment psychology is by far the more important element, followed by risk control, with the least important consideration being the question of where you buy and sell."

Tom Basso



"If I have positions going against me, I get right out; if they are going for me, I keep them... Risk control is the most important thing in trading. If you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in."

Paul Tudor Jones



"The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance."

Ed Seykota



"When I get hurt in the market, I get the hell out. It doesn't matter at all where the market is trading. I just get out, because I believe that once you're hurt in the market, your decisions are going to be far less objective than they are when you're doing well... If you stick around when the market is severely against you, sooner or later they are going to carry you out."

Randy McKay



"I'll keep reducing my trading size as long as I'm losing... My money management techniques are extremely conservative. I never risk anything approaching the total amount of money in my , let alone my total funds."

Randy McKay



"The fundamental law of investing is the uncertainty of the future."

Peter Bernstein



"There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time."

Jesse Livermore



"One common adage...that is completely wrongheaded is: You can't go broke taking profits. That's precisely how many traders do go broke. While amateurs go broke by taking large losses, professionals go broke by taking small profits."

William Eckhardt

.

willscolf: aside emotions and fear dey all d same,basically all 1 nid is a very gud money management strategy whch reduces fear,emotion,greed etc and havin a system dat can giv hm atleast 60% win rate dats al.besides i trade my demo as doh am tradin live bcoz i hav dis aspiration 2 succeed in dis biz considerin d lack of lucrative job in dis country of ours as such i dnt enter trades any hw rather i trade HIGH SUCCESS PROBALITY SETUPs.

try substituting the demo with real and feel the rush except if u aint gat adrenaline(robot),but seriosly thats the right mindset broh

benpuzzy: Thank God this our business is getting easy on daily bases. I came across some articles today and laughed at our Government and some industrialists cos time is coming when everybody will face this biz and ignore all forms of white cola jobs cos this one is whiter than any other job, just that it requires that u dance to the tune on the music.
Happy weekend pals.

“And those who were seen dancing were thought to be insane by those who could not hear the music.”

― Friedrich Nietzsche

“Be Fearful When Others Are Greedy And Greedy When Others Are Fearful”
Warren Buffett

perhaps u fell in the hands of wrong tutors and mentor

Agbaka1:
that is my point. making 50000000 pips a month is not enough. any
body can say it. i need trade explorer at ff or myfxbook. i also lose money in the past to d so called gurus and ponzi scheme and till today my life still miserable.

the worst part someone go say him na FOREX MILLIONAIRE BUT YOU GO DEY BEG AM 50$ but notin. ARE U SURE D MONEY STAYS IN THEIR POCKET? you ask. why una selfish like this whyyyyyyyy?

from your words, i believe you are still losing, meaning you are not learning, your ability to survive the market requires you to be skiiled up in making pips, keeping pips and the repeating the process without avoiding the facts of itting your mistakes, The primary thing that makes money for most rich traders is having small losses and big wins not percentage of winning trades.

If what you are doing is not making you money in the long term then why not stop doing what you are doing and start doing what the money makers are doing?

Bad traders make a little money in the short term but lose big money in the long term. Rich traders lose a little money in the short term but make big money in the long term. ...........paper portfolio is sweet, but only if you use your calculator and brain properly with your trading plan

1000 forex indicators and strategies for (Free), check it out

http://www.4shared.com/zip/zevcgEtR/1000_Forex_indicators__Systems.htm

ForexRaider: it seems MT4 platform no longer allows DDFX. it isnt even aggreing to attach in hotforex or alpari.... please someone confirm for me

thought i was the only one,version 4 started behaving like that recently on my newly installed mt4, try version3 it still rocks

draghi unleashed the bears

DID YOU KNOW? - Microwaving Plastic


Plastics contain a slew of hormone-mimicking, endocrine-disrupting chemicals, like bisphenol-A (BPA), which is linked to cancer, premature puberty, heart disease and more. Even under normal conditions, such as drinking out of a plastic bottle, they can leach into your food and beverages. But heating them accelerates the process, releasing a larger amount of the dangerous chemicals into whatever you’re warming up.

just because it is BPA-free doesn’t mean it isn’t loaded with other gender bending BPA-like chemicals. GreenMedInfo wrote a nice recent review on this recently, revealing that many manufacturers the globe over have been switching to the equally toxic bisphenol known as Bisphenol S (BPS) in order to evade impending regulatory oversight, as well as to ride the “BPA-free” marketing gravy train by misleading the consumer into thinking their products are bisphenol free, which they are not.

Even BPA-free plastics leach endocrine-disrupting chemicals, so don’t let this label give you a false sense of security. Anytime you’re microwaving anything, use a glass or ceramic container (and don’t cover it in plastic wrap, either). Better yet, ditch your plastics entirely and use an oven or toaster oven when you need to reheat your food.

SOURCE

already had a partial lot close, waiting for a retracement or reversal if possible @ 2.00 gmt news

re the bulls fully charged, ow far will it fly with EU

benpuzzy: Na my goodwill and heart wan put me for wahala. Somebody said he needed a Laptop, i showed him Chibiz Ltd online shop not knowing that Chibiz is a scammer, the guy gave me 25k which i paid into Chibiz , from dat day till now we have not seen any LAptop, the guy arrested me with Police, that i asked him to give me money to get him a Laptop and after i collected the money from him, i disappeared with his money and Laptop. U know Naija Police na dis kind story dem dey like without hearing my own side of the story, na detention direct. wetin man pikin go do nah? Thank God for FX, i did some withdrawal and balance him. Though i am planning to seek for redress at the Court of Law in no distant time.

sorry broh , but what niche did you get chibiz from, i hope is not olx.com, because doin ecommerce online is not pure if u dont know d person or the niche is not from a verified source

benpuzzy: Will giving u my system stop me from making my cool cash, i have been in the Police cell for the past three days so it wasnt intentional.
Check ur mail.

hope no problem, what went wrong

does anyone foresee a reversal probably during draghi's speech by 2300 gmt +1 buy for GU and EU, sell for EG

sojmann: Does anyone have any idea how far down GU is going?

ichimoku already signalling sellers re in control though a few retracement before it continues except news release trigger a major reversal, took 80 points already at s3