NewStats: 3,261,493 , 8,174,157 topics. Date: Thursday, 29 May 2025 at 12:25 PM 1s6w5r

The Other screenshots I posted wasn't allowed by Nairaland.

Let me try it again.

Artillerous:
I NEED HELP!!!

Shoot bro. About what's that?

Thanks brother. Shouting out to you too for keeping it real.

LincolnOnyeabor:
Shout out to Boss GabsonFX2, Cashy11 and others in here.

Scalping is waay Harder than looks oo

We keep growing sha.

Personal , axi broker. Deposited $4,060 yesterday; made $401.89 profit today. All balance withdrawn today.

Acc returned to zero.

My gold

If au closes bullish today, buyers may be around the corner

dmahn:


Thanks for asking big man. I experienced a $3.7 DD on the since 22nd of April. I only traded it once since then.. I abandoned it because I was desperately in need of money which I know will lead to poor decision making and forcing of trades so I had to look for my money elsewhere. The balance stood at $17 as we speak and I ll resume trading it when I'm out of this financial DD. Sometimes we need that real life money as backup to stay confident and discipline.

ehya, it is well boss. I understand. This journey na long one. . . We go make am. This year na our year. By God's grace. 🔥🔥🔥. I hope your financial situation gets sorted out soonest.

Donsheddy:
My gold

Close trade

somebody wan use $1 collect $100 from gold

wickedness

EurGbp long. If the next 15mins candle closes above this, I will go long. 1:1.33rr.

obajoey:
somebody wan use $1 collect $100 from gold

wickedness

Talk to me directly sir and no dey go through the Corners boss.

LincolnOnyeabor:


Talk to me directly sir and no dey go through the Corners boss.

Boss, just an innocent play bro.

No offense intended.

Apologies

samfelly:

😂😂😂
sometimes its best to just take sometime off forex, restrategize and kom back stronger

I still dey check chart sometimes but I'm seriously engaged with other stuff for now
i wan make some money purchase like 2 100k prop
i go dey trade 1 every 2weeks, and switch to the next if i don't hit my target or i hit a particular equity
i nor wan dey overstress 1 again 😂

Luada:

I would say get a prop acct if you then fund live and also how long have you been on the chart and what your strategy, your entry criteria

As a beginner though I have been practising and learning using demo is getting a prop advisable?

Geovanni412:


If you want a personal acct with a broker, then get one.

Sign up for octafx, FBS, hotforex, exness, deriv and get demo s with them

On the demo accts, check the conditions for trading indices on each of them - contract specifications for indices depends on your broker and this in turn affects the risk carried by your trade.

You can check contract size and minimal volume by clicking on properties of the pair you are trading.

Take limit orders on the demo s on mt5 and see the risk involved with each trade.

Also, trade the news on this demo acct, especially I and NFP.

This will enable you to know if your broker has slippage and how bad the slippage is.

After testing all of these, you can come back and ask people about funding personal accts on the broker and how swift the payment is.

Alright, thank you.

But I want to ask, is the chart on demo real or simulated?

Cashhy11:
Left to me, I won't even use any of the Nigerian brokers. But since you're starting anew, you can go with any one of them, exness, hotforex etc. Most of them are the same with little differences separating them.

Just try to know what type of you will be opening with them, for example, for a swing trader, you will need swap free . Etc. All the best bro.

Ok. Thank you

I just found out Exness offers a swap free .

LordBillionz:

As a beginner though I have been practising and learning using demo is getting a prop advisable?

It good so what your win rate, what your strategy, you have to know all this thhngs your entry criteria

Cashhy11:
EurGbp long. If the next 15mins candle closes above this, I will go long. 1:1.33rr.

SL hit. Couldn't break the resistance

Cashhy11:
SL hit. Couldn't break the resistance

bro how far about your live .. profit so far

obajoey:
Hoping to pick a new entry @ 198.800 or 198.500 then long to 210

We patiently wait.

It eventually didn't get to 198.800.

I had to jumped in @199.00

Hopefully, the next bus stop will be @210.00 if prince of Persia no stop am for road.

GBPJPY

realone12:
bro how far about your live .. profit so far

A little above 1k at the moment.

LordBillionz:

Alright, thank you.

But I want to ask, is the chart on demo real or simulated?

From your question, I'll honestly advise you to not fund your acct with any broker

Asking this question means there is a lot of information you don't understand like overnight spread or slippage or commission or correlation.

Charts are the same everywhere.

If you have any more follow up questions, please use bard ai or chatgpt.

[quote author=Dgamez post=130113903]

My second got banned yesterday, but need to clear somethings about what have learnt over the 2 years I started learning forex, I did my math and 1% of a 15k is $150, but I am risking 105, which is approximately 0.7%, the 1% I put up there is a mistake on my part and will edit as soon as my ban is lifted, total risk exposed should be 2.1% however I don't think forex is necessarily about risk management, the first thing should be education, understanding how the market works. The DD for that particular is 3% which $450, risking 2.1% will give me $315, if I lost 3 trades in a day I won't trade for that particular day again, which means I have roughly 9 trades to place in total on the cos the maximum DD is 6% which is $900, I have a minimum of 1-3 RR, if my strategy won't be able to win at least 2-3 trades out of 9 attempt what good is risk management then?
D bitter truth is that you dont have a system cause risk management is part of it

dmahn:


Thanks for asking big man. I experienced a $3.7 DD on the since 22nd of April. I only traded it once since then.. I abandoned it because I was desperately in need of money which I know will lead to poor decision making and forcing of trades so I had to look for my money elsewhere. The balance stood at $17 as we speak and I ll resume trading it when I'm out of this financial DD. Sometimes we need that real life money as backup to stay confident and discipline.

Guy just buy a maven 2k acct for $15 trade am small small with 1% risk per trade

[quote author=Luada post=130122063][/quote]

Well you might be right or wrong, that's the reason for the challenge.

Dgamez:


Well you might be right or wrong, that's the reason for the challenge.

Yh but if you have a 50% win rate system bro you are good to go.
I will just say get the acct first, if i may ask what your entry criteria

peteregwu:
Buying CADJPY. 👀

Cadjpy is on the move. See yall next week.

Succhris:
@Shevychen2
@Theyoda
@voraz
@nat
@karleb
@mrbillionaire
@fmusty
@djwalata
@harizonal123
@donvic4u
@piptocoin

I hope all is well

Thanks for reaching out. Doing great & will be back someday when I'm true hibernating

This move occured late so I couldn't call it here, well the update is after yesterday debacle of all trades running to TP after closing at 6pm I do close my trades. It's been happening for long now, though some seemed like a better option because after closing they started reversing.

But the disadvantages has dwarfed the advantages. So I had to reanalyze and came up with the idea of closing latest @8pm everyday instead.

See this trade here, my typical trade of break of trendline + break of + retest and continuation. So I entered and market started ranging, so I was watching and the recent low was broken again, so I entered another 0.4% + the initial 1% of the first entry in search of continuation. Then it was almost 6pm, price was a little below entry, while the second trade was in small loss, and the first one in small profit too.

The anticipated fall happened at 7pm and the two are currently floating in profits. It's a Friday, and I wanna go have some fun, so I'm closing these trades even though it's not 8pm yet. I make use of a router, and I can't go out with it because of the size. So I had to close it or wait at home till 8pm, I chose the former.


The main reason why I'm writing this is, we need to be mindful of what we read. They become some part of us. How do I come up with closing trades at 6pm Nigerian time? I read somewhere on nairaland here when the name said after six pm, one shouldn't expect any big moves again and that thing stuck with me without me even knowing.

That's why I try to shut my eyes out when it comes to learning new stuffs sometimes in this line, especially in this forex world. So many good contents and bad gibberish in circulation at the same time.
Did an introspection yesterday why I was rigid with closing my trades at 6pm and I ed where I read it from and it shaped how I think and approach the market.

The same way I was misled when I ed newly last year, all I wanted to do then was to swing, because my supposed nairaland mentors were all swing traders, and they painted Day trading bad, not to talk of Scalping. Na wa o.

May God let us find our niche on time, normal normal, we no suppose dey use 6years+ dey find our way around this, we just haven't found our best and optimum method. Hopefully we all find it soon.

harizonal123:

Thanks for reaching out. Doing great & will be back someday when I'm true hibernating

glad to hear

Luada:

Guy just buy a maven 2k acct for $15 trade am small small with 1% risk per trade

Thanks bro.. You cannur understand

Cashhy11:
A little above 1k at the moment.

omo forex too sweet..

like this like this now you don turn millionaire..

keep it up bro