NewStats: 3,263,817 , 8,181,495 topics. Date: Sunday, 08 June 2025 at 05:20 AM 461v3l

the major reason why Forex traders on nairaland loses money is that money is that the follow signal from others.

no 1 rule is that you can never follow signal and be successful. 10 EXPERTS given the same chart will give you different signals. that is why it dangerous to follow signals. that is what makes it Forex. you can never predict movement of price in Forex. but Forex is real. im making money with Forex. you can request for prove. no demo . im not a genius in Forex. I have other job but the money im making through Forex I cannot make it in 20 years with my job.
pls go here to learn more:

https://nairaland.unblockandhide.com/2136223/new-forex-system-dedicated-new

God bless us
cheers.
kswot

it is possible to trade successfully in Forex. I will try to teach Forex here with little I know.

on DMI of ADX. I tried to the picture to back it up. I will try to explain it when im less busy. im currently at work.

cheers.

only I dont know d English Name of this fruit but Yoruba called it ESO PANDORO, anybody that knows it should explain it in English.

slice it and put it in keg of water. a cup at regular interval will do the magic. very very effective. Glory Be To God

sammyyoung2:


Sup, an having same pain, my ulcer drugs are not working, how did u handle urs, I urgently need us reply

Always consult your physician. try this local medicine if you believe in it.

1. smash about 3 ripe plantain
2. mix it with 1/2litre of pure honey.

take 2 spoonful 3times daily. it will disappear within 1wk. forget all those drugs. God is d Real Doctor

I believed people are now testing this Robot. we are in second wk. let see how it goes this wk

if you need a robot that incoporate all these elements in her trading check

https://nairaland.unblockandhide.com/2134764/havel-forex-robot-secrets-banks

this will save you a lots of time if your work doesn't permit you to stay glued to your computer waiting for signal

this post will help forex traders a lot

https://nairaland.unblockandhide.com/2136223/new-forex-system-dedicated-new

happy Sunday to you all.

I use America Broker. reason any issue will be quickly resolved.

the have strict regulating body. you can visit here if you are a real Forex trader. it will help ur trading
https://nairaland.unblockandhide.com/2136223/new-forex-system-dedicated-new

today virtually all brokers acceptance our cards be it naira mastercard or what have you?

KSWOT TRADING SYSTEM

I Will Talk on Money Management After This Strategy

Kswot Forex Trading Strategy


Entry from Daanish Arrow Signal
ADX (14) (DMI)
3. PSAR (0.04, 0.2)

- Timeframe: I use it on 1 hour, feel free to use it on smaller timeframes as well
- Currency Pair: Any
(Directional Movement Indicator with ADX)
- DMI Settings: Draw a horizental line at 22
to watch for the crossovers of DI+ or DI-
- ADX Settings: Ignore signals where ADX is
lower 15

GO LONG WHEN:
When you see Daanish Blue Arrow
- DI+ >= 20
- ADX >= 15
- ADX is in between DI+ and DI-
- PSAR is below the Candle

EXIT LONG WHEN:
When PSAR (0.04, 0.2) changes direction
Or
SL: 40pips
TP: 60pips

GO SHORT WHEN:
- When you see Daanish Red Arrow
- DI- >= 20
- ADX >= 15
- ADX is in between DI- and DI+



EXIT SHORT WHEN:
When PSAR (0.04, 0.2) changes direction
Or
SL: 40pips
TP: 60pips

A TRADING SYSTEM
A good trading system is a set of rules a trader must adhere to irrespective of a trader winning or losing.

before I give you my trading system let me give you 10 RULES YOU MUST FOLLOW

10 RULES TO FOLLOW IN FOREX TRADING

1. Do not trade forex if you have to make money. Emotions have a strong impact on forex trading and if someone has to make money, he will have more emotions than someone who likes to make more money, but doesn’t have to. If someone is desperate to make some money to pay his bills and mortgage, he loses money in forex, because he trades when there is no sharp and confirmed signal. You can become a full time forex trader and you can trade forex for a living later when you learn it properly and completely. At the beginning, you should have another source of income that covers all your expenses, otherwise forex will not have any good result for you.

2. Do not compete with the other traders. Any trader has a different trading style and
strategy and so traders pip and money results are different from each other.
While someone doesn’t like to take more than 2% risk in his trades and he is
happy with a 5-10% profit every month, another trader may like to take a 20% risk
and he likes to double his every month. It takes a while until a new
trader finds his own style and when he does, he should never even ask how much
the other traders make. Trading is like walking on a tight rope. You lose your
balance and fall down if you try to walk faster than what you can.

3. Trade the signals not the trades! After having a few successful trades and
growing your capital, you may think that you can take a little more risk and also
take the signals that don’t look good and strong enough. Then you will lose all
you had made in your good trades. Whatever that your previous trades are,
winning or losing, it doesn’t matter. You should forget them. You should only
focus on the signals that form in front of your eyes. Do not risk more than usual,
both in lot size and in signal quality, just because you have been successful in
the past few days and you have more money in your . You can lose all
the profits you have made in a few minutes.


4. Break your rules and you get burned. If you have become a disciplined trader
after so many months or years of practicing and learning, you should keep in
your mind that if you break any of your trading rules, you will be in trouble and
you will lose again. Forex market doesn’t know you. It doesn’t know if you are a
new trader or you have been trading for several years. If you make a mistake, you
lose. No matter how experienced you are. Here are some of my trading rules that
make me lose (or lose more) whenever I break them:
Moving the stop loss: Each position should have a reasonable stop loss.
Let your stop loss to be triggered. It is there to take care of your capital.
Do not move your stop loss when it is about to be triggered. I lost more
whenever I did it. A tighter or wider stop loss: As I said, each position should have a
reasonable stop loss. A tighter or a wider stop loss means bigger or more
frequent losing trades. Whenever I broke my stop loss setting rules, I lost
more. I lose whenever I take a position that has no strong and sharp signal.
When any of my system rules are not met and I take a position, that
position will be a losing position.


5. In forex trading, over-confidence is more dangerous than having no confidence. Someone who has no confidence, doesn’t do anything. There is an advantage in it. He doesn’t lose any money. But someone who becomes over- confident after a few successful trades, will blow up his in one trade. A few good trades don’t mean that you are a professional and advanced trader. Like a few bad trades that don’t mean that you are a bad trader. Over- confidence is something that you will experience several times while you are still learning. You will learn to recognize this dangerous emotion after having some losses promoted and motivated by it. Anytime that over-confidence causes you to lose, you lose your confidence and feel more fear. If you don’t give up and keep on practicing, you will gain your confidence again, but you will become over-confident because you forget the problems it made for you the last time. So you lose again. And this cycle may be repeated for several times until you learn to recognize and control your emotions. Of course if you do not totally give up during this up and down. Monitoring your behaviors, emotions and thoughts help you to this stage sooner and easier. It is the most important stage in forex trading and most people give up at this stage. Those who come to a balance will become profitable traders. They are not over-confident and so they do not ignore any of their trading rules and they analyze the market properly and precisely to find the best trade setups. At the same time, they have no fear because they are confident enough. This is the balance.


6. There is nothing more important than experience in forex trading. Sometimes
you see a trade setup, but your experience tells you not to enter. This experience
can be gained through practicing. There is no magic formula in forex trading that
can be given to you and make you a profitable trader overnight. It takes time and
needs practice.


7. Do not take any position just because someone else has the same position.
Novice traders are used to exaggerate about their success and hide their failure.
Whenever they make a good trade, they talk about it with a lot of excitement, but
they are not used to talk about their losing trades. This may make you think that
some people are the best traders of the world and so when they say they are long
or short, you take the same position just because they have the same position.
This will not make any money for you, nor makes you a trader. A professional
and profitable trader is humble, because he knows that Forex market breaks the
bones of a bold and stubborn trader who knows himself as the best trader of the
world. Market is stronger than all of us. Nobody can defeat it.


8. Do not try so many systems. I takes your whole life and you are still trying.
Some people have a researching spirit. There is nothing wrong with it. It is even very good. But when it comes to Forex trading, researching spirit does not let you make money, because it causes you to spend all your time and your life to try and compare different systems and methods. After a while of trying, a rational beginner will come to this conclusion that the secret is not in trading system. The secret is in discipline and controlling of the emotions. So he stops trying, chooses a suitable system and starts making money through it. Whereas other beginners keep on testing, trying and comparing and will finally give up after wasting a lot of time and money.


9. Keep it simple. A Forex trading system does not have to be complicated to
work. In contrast, simple systems have better results.

10. Take a break every now and then. You do not have to work hard to make money through Forex. In contrast, spending too much time in front of the computer and trying to take all the movements will make your mind and body too tired and then the chain reaction of bad positions will be triggered. You can not force the Forex market to work for you. It will not. As I said earlier, it does not know you and it has no mercy for you. YOU have to take care of yourself and your capital. Forex market does not do it for you.

adesolami36:
I dnt knw anything abt forex bt am willing to learn,so hw can u be of help?

the first help is to help urself. if u venture into Forex to make money you will end losing money.
two factors control how human trade Forex:
1. Greed & 2. fear

greed when you are making money & fear when you are losing money.

but if you take Forex as ion or hoppy and you put ur heart in it you will make big money to do all u dream of.

you can start from babypips.com it is an online Forex school. it is free of course.
when you get to the website click on school you will start from kindergarten to high school.

then try to do 1-ON-1 Training to put your theoritical in practice.

then you are ready to go.

thank you

HOW TO DEVELOP A GOOD TRADING SYSTEM

infact this is the most difficult aspect of the whole system. getting it once the remaining will be simple.

I have a friend he doesn't have a trading plan he will just look at the chart and enter the trade. after he pick anything from 5pips he will exit and run. infact I considered him a scalper. what he is trading is called PRICE ACTION. if he can take time to study price Action, he will be a good scalper.

I as a person, if I tried it I will fail miserably. some like trend trading while others like swing trading.

some may prefer smaller timeframe while some prefers larger timeframe. truth is you must decides styles that excites you.

I like trend trading and minimum timeframe im using is 1hr. therefore I will develop a trend trading system based on 1hr timeframe.
... to be continued

uthor=stardragon post=30535257]can u set a robot to trade on ur setdown prinsiple??

if yes! then which robot is that [/quote]

yes sir. check here and it. it not a demo version and it doesn't expire. . it and let me hear ur

https://nairaland.unblockandhide.com/2134764/havel-forex-robot-secrets-banks

yes you are right. first of all new traders must not go for Robot. since the primary aim is to learn in & out of Forex. it through adequate learning that such person would be able to develop a trading system.

what separate successful trader from unsuccessful one is ability to adhere strictly to his trading strategy no matter d condition.

so if you have a trading system that is good get a good programmers or use online programming website if you can do it urself.

to say the TRUE since I know the secret of using Robot I dont think I have such time to trade manually

New Forex System: Dedicated To New Traders
If you take your time to read this piece as a new trader, your quest to make it in Forex is almost successful. I will not only teach you how to be a profitable Forex trader but I will also show you a secret you may SPEND high fortune to get at absolutely free of Charge

First of all my discovery shows that most of Forex writers are not ACTIVE traders, so becareful of what you read. Don’t be confused whenever you see a person that claimed he or she made 100pips in a trade, how many time did he or she tells you he lost 100pips in a trade? So don’t get confused. It is a statement to hide his fear of being call a failure, you cant be winning all the time.

I had the opportunity to write this now after I changed from manual trading to using Robots. So I have nothing to do than to browse forums and chart.
NOTE: as a new trader I don’t expect you to jump into using Robots as I do, there are lots of things associated with the use of Robots else you will blow your in flash.

Now let us Start your tutorial which I think we must finish in two weeks.

No1. Engage in One-On-One Training
No matter what you learn on the internet, you can never compare it with face to face training. You must prepare to learn a business that you intend to make living on.
Infact I was now an adviser to a person that taught me Forex. I have developed many profitable strategy for him. You can see life?

At least you will get basic stuffs like;
How to setup up your chart such as; how to setup your Timeframes, how to load indicators
How to Enter a trade, close a trade, set a stop loss and take profit, modify order e.t.c
From what I said above, you see that I did not include trading strategy, yes because his trading strategy though may be good but it may not suite your fancy. Although you will have some where to start from.

No2. Visit Forums like Forex Factory and Babypips, this two sites alone will give you every comfortable materials you will ever need. You will get a lots of valuable materials from expert for free. These are the experts that are making it from Forex and not those selling products to make money.
NOTE: Although some materials and softwares are paid products but you can be rest assured that Forex Factory is no nonsense website. Scammers will find it hard to scale through. They have that reputation because within few minutes of posting, many experienced forumites will respond and query your report, if you are not sure of youself you will run.

No3. Get Yourself a Trading System
Many new traders did know what a trading system is all about. They think getting Arrow entry Signal or Exit Signals is a trading system. No… Capital No, google for ‘what is Trading System” and you will find of them in plenty.

Features of a Good Trading System;
Entry and Exit Signal
Ability to analyse a trending and Ranging Market
Money Management
Trading Psycology
You can see that number 4 has to do with you as a person and not indicators but you as person is part of Your System.

No4. Turn Your Trading System Into A Robot: Art of Automation

Let your System work for you and enjoy the Good life God gave you.

OUR NEXT DISCUSSION IS “HOW TO DEVELOP A TRADING SYSTEM

New Forex System: Dedicated To New Traders
If you take your time to read this piece as a new trader, your quest to make it in Forex is almost successful. I will not only teach you how to be a profitable Forex trader but I will also show you a secret you may SPEND high fortune to get at absolutely free of Charge

First of all my discovery shows that most of Forex writers are not ACTIVE traders, so becareful of what you read. Don’t be confused whenever you see a person that claimed he or she made 100pips in a trade, how many time did he or she tells you he lost 100pips in a trade? So don’t get confused. It is a statement to hide his fear of being call a failure, you cant be winning all the time.

I had the opportunity to write this now after I changed from manual trading to using Robots. So I have nothing to do than to browse forums and chart.
NOTE: as a new trader I don’t expect you to jump into using Robots as I do, there are lots of things associated with the use of Robots else you will blow your in flash.

Now let us Start your tutorial which I think we must finish in two weeks.

No1. Engage in One-On-One Training
No matter what you learn on the internet, you can never compare it with face to face training. You must prepare to learn a business that you intend to make living on.
Infact I was now an adviser to a person that taught me Forex. I have developed many profitable strategy for him. You can see life?

At least you will get basic stuffs like;
How to setup up your chart such as; how to setup your Timeframes, how to load indicators
How to Enter a trade, close a trade, set a stop loss and take profit, modify order e.t.c
From what I said above, you see that I did not include trading strategy, yes because his trading strategy though may be good but it may not suite your fancy. Although you will have some where to start from.

No2. Visit Forums like Forex Factory and Babypips, this two sites alone will give you every comfortable materials you will ever need. You will get a lots of valuable materials from expert for free. These are the experts that are making it from Forex and not those selling products to make money.
NOTE: Although some materials and softwares are paid products but you can be rest assured that Forex Factory is no nonsense website. Scammers will find it hard to scale through. They have that reputation because within few minutes of posting, many experienced forumites will respond and query your report, if you are not sure of youself you will run.

No3. Get Yourself a Trading System
Many new traders did know what a trading system is all about. They think getting Arrow entry Signal or Exit Signals is a trading system. No… Capital No, google for ‘what is Trading System” and you will find of them in plenty.

Features of a Good Trading System;
Entry and Exit Signal
Ability to analyse a trending and Ranging Market
Money Management
Trading Psycology
You can see that number 4 has to do with you as a person and not indicators but you as person is part of Your System.

No4. Turn Your Trading System Into A Robot: Art of Automation

Let your System work for you and enjoy the Good life God gave you.

OUR NEXT DISCUSSION IS “HOW TO DEVELOP A TRADING SYSTEM

let us see what Robot too can offer

1. The first advantage that jumps out to me
about automated trading is simply the
nature of having a robot trade. It is exact,
perfectly disciplined, and doesn’t make
mistakes (if programmed correctly, of course).

One of the biggest problems that a trader
faces is his ability to be disciplined and
stick to his plan. With automated trading,
you can be assured that the robot will be
completely disciplined and stick the the
plan you set up. Often times, it is the ability
to stick to the plan that makes the
difference between a profitable trader and
an unprofitable trader so that is a point for
the robot.


2. Not only will a robot stick to the plan and
be disciplined, but a robot will always
execute correctly. A robot won’t take a buy
when it should be taking a sell, it won’t
enter the wrong lot size and it won’t
misplace the s/l or t/p. This is a huge
benefit in trading, because mistakes like the
ones mentioned are killers to your overall
success. That’s another point for the
automated trading.


3. Robots can also take in more data than a
human trader. That means, if your strategy
applies to a whole bunch of different
currency pairs, you can probably only
monitor a few at a time. With an
automated system, you just plug it into
however many charts you want it to
monitor and BAM, it won’t miss a signal.
Another point for the robot…

But wait! There’s More!!

4. Not only will the Robot trade with better
discipline, better execution and more range
BUT ALSO, a robot doesn’t get tired. While
you pick the few hours that work best for
you, the trading robot will be plugging
away at the markets 24 hours a day. That is
3 , 4 maybe 10 times as much as a manual
trader trades the market… Yet another
advantage point for Mr. Robot trader.

NOW WHICH ONE IS MORE PROFITABLE AND RELIABLE. Let us go...

1. The main thing that a human trader has
that a robot doesn’t is a brain. Where a
robot can only execute decisions based on
the scenarios that programmed into him, a
human can take into everything
that is going on and process it together.
A human can take into
fundamentals that
are occurring unexpectedly (like a
hurricane in Japan).

2. A human can see that the market is
moving awkwardly slow or
unreasonably erratic and pull out his
trades.

3. A human can decide when he has enough
profit and when he thinks the momentum
will continue in his favor.

I want us to discuss both pros and cons of using automated softwares to trade and trading Manually.

I will start with Manual Trading
coming back...

winnieG1:


As an experienced fx trader, he can't influence my emotion as I had been trading forex for many years and had my ups and down, learnt from my experiences. Just be on the look out for my journal " Pips Makes you Lose". As a matter of fact, I already shared one of my own proprietary trading systems at forexfactory.com
Cheers

there is no way to know who you are or ur level of experience but the statement may confuse a lots of new traders.

Forex is all about discovering ur style of trading before you even think of develop a strategy. for instance the minimum timeframe I can trade in my life is 1hr.

others may say they love 15min. if I followed their timeframe I am more closer to failure than success even if I got my strategy from heaven.

somebody is making 10pips consistently is a BIG PLUS. if everybody are making 10pips daily nobody will be looking for one strategy or the other.
happy sunday

profitbank:
LOOKING FOR 10 PIPS IS A CHEAPEST AND COWARDICE STYLE OF TRADING WHEN YOU CAN GET 100 PIPS UNDISTURBED. IN FOREX MARKET , HISTORY KEEPS ON REPEATING IT SELF , THE ONLY DIFFERENT IS THAT INTERVAL OF IT RECURRENCES IS NEVER CONSTANT AND FOREX IS NO DIFFERENT TO THAT ROTATORY REPETITION .
TALKING ABOUT ROBOTIC SOFTWARE IS THE BEST IF YOU CAN PROGRAM A GOOD ONE THAT CAN KEEP UP ALL MARKET CONDITIONS THOUGH IS HARD TO COME BY.
FOR EXAMPLE YOU HAVE A TECHNICAL STRATEGIC INDICATOR THAT CAN GIVE YOU 10PIPS UPON CAREFUL INTERPRETATION AND YOU SIT BACK TO MAKE IT ROBOTIC TO WORK ON IT OWN EVEN WHEN YOU ARE BUSY TO BE THERE, WHICH IS BETTER.
THE IDEA BEHIND FOREX ROBOT IS TO ENABLE BOTH PROFESSIONAL AND NEW BEGINNER WHO THAT HAVE REAL INSIGHT OF THE MARKET MAKE GOOD MONEY WHILE TRY THEIR OWN DEXTERITY . LIKE MY SELF I LOST ALL MY TRADING CAPITAL IN 2009 /2010 THAT SADDLED ME TO STUDY THE MARKET WHEN I REALIZED THAT MANY FELLOW TRADERS LOSE THEIR MONEY TOO ,THEN I WENT INTO RESEARCHING WHY MOST TRADERS LOOSE THEN I DISCOVER SO MANY REASON DIFFERENT FROM WHAT WE ARE ORIGINALLY TOLD IN FOREX CLASSES THAT WAS IN 2010, THAT I DEDICATED THAT I WOULD HELP TO CORRECT MOST OF THE CORRECTABLE MESS-UP AMONG NIGERIAN TRADERS , WHICH IN TURN I LEARN T SO MANY THING THAT HELP ME AND GAVE ME THE BOLDNESS TO REPLY YOUR MISCONCEPTION ABOUT ROBOT OR FOREX EA, CUS I WAS OF YOUR BELIEVE 4 YEARS AGO . MOST GUY WHO ARE CAPABLE OF PROFITABLE SOFTWARE DON'T LET IT OUT RATHER KEEP IT UNDER KEY AND LOCK .
MOST GUY WHO ARE PROGRAMING LANGUAGE ORIENTATED CAN JUST COME UP ONE DAY AND CODE A WORKING FOREX ROBOT WITHOUT UNDER STANDING HOW THE INNER MOVEMENT OF THE MARKET RANGES BACK AND FRONT THE NEXT THEY PUSH IT OUT THERE AND MAKE HUGE MONEY WITH IT AND THAT IS 419 IN FOREX BUSINESS. BEFORE YOU CAN START TO DESIGN A FOREX ROBOT YOU MUST JUSTIFY HOW PROFITING YOUR SYSTEM IS AND HOW CONSISTENCE IT IS PROFIT WISE AND HOW CAPABLE IT CAN BE IN HANDLE STOOP MARKET .

the person that said 10pips per day might be correct in his own way. dont call him a coward you are working on his emotions which is dangerous in Forex.

There is no perfect ‘Holy Grail’ method. The
above compromises are implicit in all
systems.

To increase return, one has to
increase risk of drawdown, in some way.
The fact that so many diverse and
conflicting approaches are recommended
by successful traders suggests that price
movement is very close to random in its
nature.

Put another way, trends do exist,
but their occurrence is random, and
likewise their length. To be consistently
successful , then, a system must identify
and exploit element(s) of non-randomness
amongst the chaos.


‘Non-randomness’ might mean that, on
balance , once a trend is established, it is
more likely to continue than not; and/or
that prices are more likely than not to
reverse at extremes, points of prior S/R,
pivots, or Fibos; and so on. Combinations,
or confluences, of these factors can
provide the necessary, albeit very small,
edge. Statistical significance is important: 7
successes in 10 trials is fortuitous; 700 out
of 1,000 is not.