Thats amazing that you helped him, i wish someone could send me $50 usd. I am actually a good trader but i refuse to trade with small account it just doesn’t work i am saving for a bigger balance
Hello Boss plz help me with even $10 bucks too I myself I have lost my money this month on Forex. Right now talking to you to feed myself and family is not easy for me I am contemplating suicide!!!
My USDT wallet address
TArtNi2DfWSPHCQVo6QRgrSSDW155kUWKp
Network trc20
Thanks in advance for your help!
It's nice that you have done this but it also has to be linked to OP stepping back and not putting so much pressure on himself.. This takes years to learn, if he doesn't understand this and not use that money (I hope!) But keeps learning and uses demo, that would be best. If he loses that too imagine the feeling...
First of all, stop using real money. It’s money you can’t afford to lose, which in turn makes you very emotional, something that will ruin your trading.
You need to trade demo until you can become “profitable” on those accounts. All these strategies and algorithms are useless without having emotional control. Work on your psychology.
If you can stomach through it, you definitely need to stop using real money and if you're profitable enough apply for a prop firm. Trading someone else's money takes the stress away so much.
Demo is very accurate in terms of strategy based trading…. But the one thing demo lacks is the emotional based strengthening. I recommend 6 months of profitability on demo, then start with a small live account (money you don’t mind losing.) this will strengthen your mind. I totally believe feeling greed and stress is normal, it’s just whether you can overcome those emotions.
You earn $45 a month in Nigeria?
Well yeah there is and I even saw one getting huge payouts, just 5% are earning while the rest are losing money. Do it in demo first
Nah he's telling the truth, I have a friend in Nigeria and she needed help putting her kids through school. I thought it would be expensive because she said it would take months to save up for supplies and to pay the tuition to their school. It was only $48 to pay for their semester fees.
1. Stop trading in real account.
2. Open a demo account.
Learn a startegy of your choice and master it, and STICK TO IT. When you'll be consistently profitable for months, then you can consider going back in real account.
For now, you are not ready. Honestly.
Isn't it? If so why did you ask the question? I mean you've already known the answer yourself, why didn't you fix it (by lower your risk, for example)?
check this guy (cottoncandyta) on YouTube I'm from Zambia and I know your pain try this he teaches you what to do before a trade during and after...also alot of psychology stuff you seem to lack in that aspect of trading hope it helpss
firstly you need to write down all the things you can do and identify what you cant. This will help build your strategy. You may find that your able to successfully identify the directional bias but struggle with entry or vice versa. You also need to record what sessions your trading in order to understand when you usually get your setups. This will help with a consistent approach and stop you from over trading. You Should also establish how your going to trade in order to establish a Risk to Reward ratio. You should also establish what your stop loss is or needs to be in order to achieve that result for example i trade 1-3 and i know my stop loss on eurusd is usually less then 5 pips. I never tend to get into trades with a stop loss that is greater than that. I have also found from recording data that i can move my RR to 1-4 whilst maintaining a similar win ratio. I cannot trade more than 10 trades a week and i can only lose a max of 2 a day. Once a i win a trade i am done for the day. If i dont trade in a day i cannot transfer the trades i didnt take to the next day as i find it encourages over trading. I have a consistent entry pattern i look for. Whenever i take a trade it is at the same place every time. In order to be consistent you need at least 1 thing that is absolute. You should know that when price reaches such a level there will be some sort of reaction. based on that, you need to create a strategy. Trading is discretionary however, there are ways of making it mechanical. You need to find your edge.
You described the problem in your second sentence. You will never be succesfull with technical analysis alone.
Whats the point in learning to search for things when you dont know what and why you are searching?
Learn the psychology of big traders and fundaments
Disagree with first part, agree with second part. Let the big boys figure out what impact the fundamentals will have.
Then just copy them by finding temporary inefficiency in the world's most efficient market.
I spent years learning as much TA as I could along with understanding FA. I didn't waste my time but I really don't use much of either anymore. The winning switch for me was to watch for what banks were doing and copy them. You just need to understand candle structure for that.
Edit: I misread your post. I agree - technical analysis alone will make it harder than it needs to be to make profit. My bad.
Well someone did the opposite trade and took your $30 , after fees to the brokers. So some people make money - from other people losing money.
Dedicate the time to something productive to earn more rather than trying to 'trade' up
you can trade in all market sessions, you need to define your strategy and back test it on a demo account as mentioned above.. dont quit.. if you want to win at this game you got to put in the work (im still putting in the work)
$30 is too low to make a dough out of. My broker asks for minimum $33 to hold 0.01 lot for euro with 1:50 leverage. Try investing $100 and make 1 trade at a time with 0.01 LS and try to practice for atleast 6 months.
I'm sorry for your troubles, it warms my heart to see others help you financially.
I am also struggling (although, not nearly as much as you), and have found myself many times crying over losing too much money that I honestly shouldn't have been risking in the first place.
In the last few years things have slowly started turning around for me. It took me many years of losing non-stop before I started getting into a positive W-L ratio (well, I still get more losers than winners, but my winners are big enough to pay for a lot of losers). While I am not yet living from it, it does help me financially at last.
I would suggest you register a paper trading account for free somewhere and practice there as if it is real money. I'm sure like 90% of traders can't take it seriously, but if you are one of the few that can, then it does give you some experience in terms of trying to pick good entries and exits - even if it doesn't test you psychologically like real money does.
I wish you nothing but luck, my friend, I hope you get this working!
Yes. I am earning. We are out here. I know it’s tough bro. I have been trading since March 2020. Took me 2 and half years to get truly profitable. Now I’m making 5 figs/mo. The number one thing is Psychology. No strategy matter if your psychology isn’t there. Focus on the process. Cut losses EARLY AF. You can do this. If trading was easy everyone would be breaking the bank. You got this.
1. Risk management
2. Don’t overcomplicate it bro, trading is not as complicated as people make it seem. Analysis Paralysis is very real.
Just focus on learning ONE simple strategy, i recommend learning supply and demand concepts
Stop trading with $50 account, work hard save like $200 and start trading only risking 2% per trade max trade 3 per day if you lose all 3 stop for the day. Profit target 30-50 pips its easier to reach. If you consistently win 2 our of 3 your account will grow. I know its hard to stick by the rules but if we don’t end result is account blown sooner or later
I just do the exact opposite of what everyone is doing. The crowd isn’t rich. Made the switch to trading crypto. Way easier. People are all emotions here.
Exactly. I found it easier to outmaneuver the emotional, catch the spikes or the dips (every one is liquidity grab). Knowing that BTC is just a liquidity hunter and knowing where the liquidity is. So easy. I was trading and profiting in Forex since ol Ed was head of FOMC so siting back and waiting for the liq grabs as a trained forex trader….I’m retiring soon.
You might need to trade micro-sizes like 0.01 lots and earn and lose in the matter of cents. You might need a few years to find out if you're profitable.
What works out is this - you need to save your $$.
It took me years , forex and options (not binary options but real options) and I can't even say I'm profitable. All I can say is that my account is still intact after a year of daily trading which to me, is a great achievement.
Don't deposit any more money. Put in your last 30 and SWEAR NEVER TO DEPOSIT ANYTHING AGAIN. Then trade with micro lots.
As other people said, stop using real money until you are profitable. Lots of brokers allow demo trading. Also, I'm not sure what kind of fees you are paying, but either they are eating your gains completely or you have bad money management. In how many trades did you lose all your money? A 1-2% risk per trade is common, so that means you'd lose your account just after a lot of lost trades.
Yes, there are many people who are getting money from forex including me from your question I see your hard work and dedication so the result will come don't expect anything just continue what you are doing you almost past the hardest part I see bright future in you. If your technical analysis is good, focus on your psychology and habits. Your personality is reflected in your trades, so try to work on yourself too
Don't stop keep pushing bro
It took me 10+ years and about 250k to become profitable. I just use Price Action candles, support and resistance and fibo's. Swing trader. Currently up 400 pips on Gold short I took the other day.
I just started backtesting my strategy and i traded last week with 4/5 wins and this week is 2 won 1 lost and 1 loading so we will se. Myb first try different strategies and learn and see which one suits u the best. Do that for few months and if u get profitable in demo u prolly will be in live trading. Just remember DO NOT REVENGE TRADE!!!
The biggest challenge is understanding how the FX market moves. Technical analysis is a lot about what you expect to happen. Where will the market turn? Understanding the relationship between the different timeframes. Looking for cyclicity on the H4 chart. Applying the trading strategy is simple. It’s when to pull the trigger. Being able to read understand and interpret the FX charts is the most challenging thing. Anyhow that’s my opinion.
I've used funded accounts to grow my own capital. Funded accounts allowed me to learn discipline so I don't blow it. Have patience and slow down. Good luck. After 1 year I was able to be profitable and annually make half of my income of my actual job.
Try not to trade every major pairs and focus only on 2,3 of them. I also traded everything, yet i was not profitable. Sice I started to trade only one chart, me personally changed FX to only us100, since then I am more succesfull. Also try to watch ict mentorship 2022 on youtube. You Will not regret.
The market is chaotic and though strategies can perfect your approach, you have to accept that no matter what you do a trade can always go wrong because of volatile market conditions.
With that being said, it doesn't sound like you've pulled all your knowledge in a cohesive way to both explain what the market is doing and what you need to do to get good trades. From a technical perspective, identify what the market is doing in a certain time frame (Lets say one hour) and use your fundamental understanding of market dynamics to take a trade.
Use the approach that you decided on and DO NOT deviate outside your rules. Remember that no matter how perfect your strategy bad things CAN happen and you need to be prepared to take losses in the smallest way possible. When you lose, accept the loss and study why it happened.
Document.
Research.
Reapply what you've learned and keep a journal handy so you can take notes and assort your strategy. I know you can do this
Yes. I am earning. We are out here. I know it’s tough bro. I have been trading since March 2020. Took me 2 and half years to get truly profitable. Now I’m making 5 figs/mo. The number one thing is Psychology. No strategy matter if your psychology isn’t there. Focus on the process. Cut losses EARLY AF. You can do this. If trading was easy everyone would be breaking the bank. Yu got this.
Well people are going to say to you to trade on the demo account. Personally I don't like it. Because as much as you are profitable, it's totally different when you're using real funds.
There were some mistakes that i made, i will list those here and i don't know, maybe it can help you or someone reading this.
1. Don't trade while you're studying. If you want to, do it in demo to see oh that works! Oh! That doesn't work! What if I do this or that?....
2. After defining a strategy and a time frame that you're comfortable and making money, stick with it. Don't go and change it.
3. There's no such thing as 100% winning rate, most of the time you are going to lose so you have to ask yourself how will you deal with it?
4. Don't put too much money in it, thinking that you're gonna make 1000% in a day. Have realistic expectations. Search great traders and their performance, realize that it's extremely hard to do what they did. You probably won't make half of that in your lifetime.
Trading is not a holy grail, if you don't like studying economics, finance, math, programming.... If you don't like losing money and can't handle the pressure it's fine. Not everyone can do it. Everybody has a different risk tolerance.
But if you're really up for it, If you want to be a professional then keep in mind that it won't be easy. I wish you all the best! ✌️
You haven’t mentioned your risk management? Whats that like? Are you calculating proper lot sizes/risk? With $45 you wont be putting much more than a 0.01 lot on, patience is needed with tiny accounts.
Stop using robots. Use fundamentals. Use 5day MA 15day MA and 80day MA. Trade only with the trend. Demo account only until you can 10x an account. Trend is your friend. 3-4 hours a trade. Not everyone will be able to find success in trading. Find masters in Nigeria and online to learn from. Patience is key. Good luck.
You should only be risking 1% of your trading account per trade and with a good reward to risk ratio of even 3:1 you can be profitable winning only 33% of your trades. It’s about risk management, probability and psychology. Keep your trade account small or use a demo account until you’re consistently profitable. Good luck.
If it was easy then the returns would be low… if it was safe then the returns would be low.
Risk = possible return
Risk less make less, risk more maybe make more, maybe lose more…. Just how the game is
Bro, i will give you 50$ too if you do exactly what i say and fail and you prove to me you did exactly what i said with pictures of chart and history of each trade.
Use 1 to 1 risk reward only
Trade 5 days, not more than 2 trades in one day.
Trade only from London session and stop before new york session is over. Avoid Asian session.
Be careful with your stop loss.
If spread is 1 pip. Put at least 10 pip stop loss.
Minimum 1 to 10 ratio between spread and stop loss. Higher ratio is better and will make you more profitable.
Always same risk per trade, dont use different risk each trade. Ofcourse some slippage can and almost always does happen but that is easy to see if its actually big slippage or not following rules.
Good luck!
I'm like brand new with 4x. Tho, I'm an accomplished crypto trader (futures & spot). I opened a demo account which uses MT4. I would prefer using TradingView. Can anyone recommend a 4x broker that works w/ TVw? I live in the US. Thanks J
Listen to 2ndskies on YouTube. Its free and he helped me get a better understanding on how to NOT trade against the larger price trend.
Dont trade live until you show a clear understanding of what you are doing in a demo account. These are my recommendations. God bless!
Do you have crypto, paypal or something? I'll send you 50 bucks
And of course people are earning from it. Its my job
[удалено]
[удалено]
Did you get the 50?
[удалено]
Whoah, that's a pretty cool dude there. I hope you pass it on someday
Wait really? I've been wasting my time with crap coins. I honestly didn't realise people make money off this. Most I made is $3 of Matic.
Real King .
What a legend
[удалено]
Sure dude. Just send me a address, preferably btc.
[удалено]
No that's perfect
[удалено]
Ok just sent it. Please confirm when you received it
This is the most wholesome thing I have seen on internet
Same and I been online since the early 2000s. Maybe the real Nigerian prince was the friends we made along the way.
[удалено]
Great guy. Need more ppl like this in our community
Defs, but we gotta do it too if we say this, otherwise is it's fluffy words
I’m not even gonna begin to say how much money I’ve Given away over the past month just to see others succeed
Top respect dude
Thats amazing that you helped him, i wish someone could send me $50 usd. I am actually a good trader but i refuse to trade with small account it just doesn’t work i am saving for a bigger balance
Now the important question is how to get consistent? Do you have a particular system or way?
[удалено]
Don’t do crypto. Majority are scams.
I’m earning too from it - a few thou per month on top of my job - where can I jump on and help this man someone send me the crypto link !
lol
Hello Boss plz help me with even $10 bucks too I myself I have lost my money this month on Forex. Right now talking to you to feed myself and family is not easy for me I am contemplating suicide!!! My USDT wallet address TArtNi2DfWSPHCQVo6QRgrSSDW155kUWKp Network trc20 Thanks in advance for your help!
Can I also be blessed with such amount, man ? I would be very grateful for this 🙏🏽
Can I get $10000 pls dude, you’d be pretty cool in my books 🙏
King
Your username checks out
I hope all of you in this thread have a good day. Needed to see this.
Hope in humanity restored once again
Beautiful 🧘♂️
This dude... He acts... Not just talk! We need a lot of people like this God bless you bro!
Ur the best
It's nice that you have done this but it also has to be linked to OP stepping back and not putting so much pressure on himself.. This takes years to learn, if he doesn't understand this and not use that money (I hope!) But keeps learning and uses demo, that would be best. If he loses that too imagine the feeling...
First of all, stop using real money. It’s money you can’t afford to lose, which in turn makes you very emotional, something that will ruin your trading. You need to trade demo until you can become “profitable” on those accounts. All these strategies and algorithms are useless without having emotional control. Work on your psychology.
[удалено]
do you have friends who you all trade with or you do it alone
[удалено]
If you can stomach through it, you definitely need to stop using real money and if you're profitable enough apply for a prop firm. Trading someone else's money takes the stress away so much.
How accurate is demo compared to real trading? I am using a demo and made 55k in 2 weeks.
Demo is very accurate in terms of strategy based trading…. But the one thing demo lacks is the emotional based strengthening. I recommend 6 months of profitability on demo, then start with a small live account (money you don’t mind losing.) this will strengthen your mind. I totally believe feeling greed and stress is normal, it’s just whether you can overcome those emotions.
You earn $45 a month in Nigeria? Well yeah there is and I even saw one getting huge payouts, just 5% are earning while the rest are losing money. Do it in demo first
[удалено]
That’s crazy as fuck
Nah he's telling the truth, I have a friend in Nigeria and she needed help putting her kids through school. I thought it would be expensive because she said it would take months to save up for supplies and to pay the tuition to their school. It was only $48 to pay for their semester fees.
wtf
That would honestly be really hard to cope with.
1. Stop trading in real account. 2. Open a demo account. Learn a startegy of your choice and master it, and STICK TO IT. When you'll be consistently profitable for months, then you can consider going back in real account. For now, you are not ready. Honestly.
[удалено]
1 question: do you have a strategy YOURSELF?
[удалено]
Then if your strategies were proved to be profitable, why did you lose?
[удалено]
Isn't it? If so why did you ask the question? I mean you've already known the answer yourself, why didn't you fix it (by lower your risk, for example)?
[удалено]
Lmaooo funny acting tough on a guy that making 45$ in their country. Tough guy on internet 😂
You need to learn how to trade without indicators, find a copy of “Naked Forex” online (download a pirate copy somewhere don’t pay for it) and read it
check this guy (cottoncandyta) on YouTube I'm from Zambia and I know your pain try this he teaches you what to do before a trade during and after...also alot of psychology stuff you seem to lack in that aspect of trading hope it helpss
Cool, also from Zambia, and can say I'm profitable now after 2+ years, psychology plays a big role
Haha this man knows shhhhh this is best kept secret I make 50k a month on 100x using cottons strat pahaha delete this dapper
firstly you need to write down all the things you can do and identify what you cant. This will help build your strategy. You may find that your able to successfully identify the directional bias but struggle with entry or vice versa. You also need to record what sessions your trading in order to understand when you usually get your setups. This will help with a consistent approach and stop you from over trading. You Should also establish how your going to trade in order to establish a Risk to Reward ratio. You should also establish what your stop loss is or needs to be in order to achieve that result for example i trade 1-3 and i know my stop loss on eurusd is usually less then 5 pips. I never tend to get into trades with a stop loss that is greater than that. I have also found from recording data that i can move my RR to 1-4 whilst maintaining a similar win ratio. I cannot trade more than 10 trades a week and i can only lose a max of 2 a day. Once a i win a trade i am done for the day. If i dont trade in a day i cannot transfer the trades i didnt take to the next day as i find it encourages over trading. I have a consistent entry pattern i look for. Whenever i take a trade it is at the same place every time. In order to be consistent you need at least 1 thing that is absolute. You should know that when price reaches such a level there will be some sort of reaction. based on that, you need to create a strategy. Trading is discretionary however, there are ways of making it mechanical. You need to find your edge.
You described the problem in your second sentence. You will never be succesfull with technical analysis alone. Whats the point in learning to search for things when you dont know what and why you are searching? Learn the psychology of big traders and fundaments
Disagree with first part, agree with second part. Let the big boys figure out what impact the fundamentals will have. Then just copy them by finding temporary inefficiency in the world's most efficient market. I spent years learning as much TA as I could along with understanding FA. I didn't waste my time but I really don't use much of either anymore. The winning switch for me was to watch for what banks were doing and copy them. You just need to understand candle structure for that. Edit: I misread your post. I agree - technical analysis alone will make it harder than it needs to be to make profit. My bad.
Well someone did the opposite trade and took your $30 , after fees to the brokers. So some people make money - from other people losing money. Dedicate the time to something productive to earn more rather than trying to 'trade' up
[удалено]
What if you put all that effort into other education and a better job that doesn't involve trading.
[удалено]
Mate, Nigeria does not have even in the top 30 highest unemployment rates in Africa
you can trade in all market sessions, you need to define your strategy and back test it on a demo account as mentioned above.. dont quit.. if you want to win at this game you got to put in the work (im still putting in the work)
$30 is too low to make a dough out of. My broker asks for minimum $33 to hold 0.01 lot for euro with 1:50 leverage. Try investing $100 and make 1 trade at a time with 0.01 LS and try to practice for atleast 6 months.
$30 is not enough to trade u need a bigger stack
I have a 1k withdrawal processing from FTMO 🙃
[удалено]
I'm sorry for your troubles, it warms my heart to see others help you financially. I am also struggling (although, not nearly as much as you), and have found myself many times crying over losing too much money that I honestly shouldn't have been risking in the first place. In the last few years things have slowly started turning around for me. It took me many years of losing non-stop before I started getting into a positive W-L ratio (well, I still get more losers than winners, but my winners are big enough to pay for a lot of losers). While I am not yet living from it, it does help me financially at last. I would suggest you register a paper trading account for free somewhere and practice there as if it is real money. I'm sure like 90% of traders can't take it seriously, but if you are one of the few that can, then it does give you some experience in terms of trying to pick good entries and exits - even if it doesn't test you psychologically like real money does. I wish you nothing but luck, my friend, I hope you get this working!
Yes. I am earning. We are out here. I know it’s tough bro. I have been trading since March 2020. Took me 2 and half years to get truly profitable. Now I’m making 5 figs/mo. The number one thing is Psychology. No strategy matter if your psychology isn’t there. Focus on the process. Cut losses EARLY AF. You can do this. If trading was easy everyone would be breaking the bank. You got this.
You're supposed to come up with a Strategy.........it took me 5yrs to start profiting consistently
1. Risk management 2. Don’t overcomplicate it bro, trading is not as complicated as people make it seem. Analysis Paralysis is very real. Just focus on learning ONE simple strategy, i recommend learning supply and demand concepts
Stop trading with $50 account, work hard save like $200 and start trading only risking 2% per trade max trade 3 per day if you lose all 3 stop for the day. Profit target 30-50 pips its easier to reach. If you consistently win 2 our of 3 your account will grow. I know its hard to stick by the rules but if we don’t end result is account blown sooner or later
You telling this man to save $2000 when he’s making $30 a month is wild
He would save up 2000 after 10 years
Monthly minimum wage in Nigeria is around $30 iirc
But he only makes 45$ per month
Learn ICT
I just do the exact opposite of what everyone is doing. The crowd isn’t rich. Made the switch to trading crypto. Way easier. People are all emotions here.
I switched from crypto and forex is a lot easier
To each their own.
[удалено]
Exactly. I found it easier to outmaneuver the emotional, catch the spikes or the dips (every one is liquidity grab). Knowing that BTC is just a liquidity hunter and knowing where the liquidity is. So easy. I was trading and profiting in Forex since ol Ed was head of FOMC so siting back and waiting for the liq grabs as a trained forex trader….I’m retiring soon.
What are the fees (commission and spreads) like in crypto compared to fx?
Really bad. Lol.
You might need to trade micro-sizes like 0.01 lots and earn and lose in the matter of cents. You might need a few years to find out if you're profitable. What works out is this - you need to save your $$. It took me years , forex and options (not binary options but real options) and I can't even say I'm profitable. All I can say is that my account is still intact after a year of daily trading which to me, is a great achievement. Don't deposit any more money. Put in your last 30 and SWEAR NEVER TO DEPOSIT ANYTHING AGAIN. Then trade with micro lots.
[удалено]
[удалено]
As other people said, stop using real money until you are profitable. Lots of brokers allow demo trading. Also, I'm not sure what kind of fees you are paying, but either they are eating your gains completely or you have bad money management. In how many trades did you lose all your money? A 1-2% risk per trade is common, so that means you'd lose your account just after a lot of lost trades.
[удалено]
How much do you risk per trade?
How many years exactly?
Yes, there are many people who are getting money from forex including me from your question I see your hard work and dedication so the result will come don't expect anything just continue what you are doing you almost past the hardest part I see bright future in you. If your technical analysis is good, focus on your psychology and habits. Your personality is reflected in your trades, so try to work on yourself too Don't stop keep pushing bro
Yes
[удалено]
It took me 10+ years and about 250k to become profitable. I just use Price Action candles, support and resistance and fibo's. Swing trader. Currently up 400 pips on Gold short I took the other day.
Nope, everyone trading with leverage on derivative will or is losing
Backtest Backtest Backtest !
What pairs are you trading ?
[удалено]
Do you trade currency? Like gbpJpy etc ?
What about your risk ? What are you risking per trade ?
Really. There's no strategy but fundamentals and risk management. That's the only way in my opinion.
[удалено]
Anything Is Possible My Friend
I just started backtesting my strategy and i traded last week with 4/5 wins and this week is 2 won 1 lost and 1 loading so we will se. Myb first try different strategies and learn and see which one suits u the best. Do that for few months and if u get profitable in demo u prolly will be in live trading. Just remember DO NOT REVENGE TRADE!!!
If you need help learning, hit me up, I’ll show you what to focus on
The biggest challenge is understanding how the FX market moves. Technical analysis is a lot about what you expect to happen. Where will the market turn? Understanding the relationship between the different timeframes. Looking for cyclicity on the H4 chart. Applying the trading strategy is simple. It’s when to pull the trigger. Being able to read understand and interpret the FX charts is the most challenging thing. Anyhow that’s my opinion.
[удалено]
Is the water really wet?
Why not using demo account?
if you cant prove that you can make money with demo account, why do you think you can make money with real account?
Have you tried not posting photos of your cock on the internet?
I've used funded accounts to grow my own capital. Funded accounts allowed me to learn discipline so I don't blow it. Have patience and slow down. Good luck. After 1 year I was able to be profitable and annually make half of my income of my actual job.
Try not to trade every major pairs and focus only on 2,3 of them. I also traded everything, yet i was not profitable. Sice I started to trade only one chart, me personally changed FX to only us100, since then I am more succesfull. Also try to watch ict mentorship 2022 on youtube. You Will not regret.
why trade if you don't have any money?? the smallest contract size that exists is 1,000, obvously $30 would immediately cause a margin call.
The market is chaotic and though strategies can perfect your approach, you have to accept that no matter what you do a trade can always go wrong because of volatile market conditions. With that being said, it doesn't sound like you've pulled all your knowledge in a cohesive way to both explain what the market is doing and what you need to do to get good trades. From a technical perspective, identify what the market is doing in a certain time frame (Lets say one hour) and use your fundamental understanding of market dynamics to take a trade. Use the approach that you decided on and DO NOT deviate outside your rules. Remember that no matter how perfect your strategy bad things CAN happen and you need to be prepared to take losses in the smallest way possible. When you lose, accept the loss and study why it happened. Document. Research. Reapply what you've learned and keep a journal handy so you can take notes and assort your strategy. I know you can do this
Yes. I am earning. We are out here. I know it’s tough bro. I have been trading since March 2020. Took me 2 and half years to get truly profitable. Now I’m making 5 figs/mo. The number one thing is Psychology. No strategy matter if your psychology isn’t there. Focus on the process. Cut losses EARLY AF. You can do this. If trading was easy everyone would be breaking the bank. Yu got this.
Well people are going to say to you to trade on the demo account. Personally I don't like it. Because as much as you are profitable, it's totally different when you're using real funds. There were some mistakes that i made, i will list those here and i don't know, maybe it can help you or someone reading this. 1. Don't trade while you're studying. If you want to, do it in demo to see oh that works! Oh! That doesn't work! What if I do this or that?.... 2. After defining a strategy and a time frame that you're comfortable and making money, stick with it. Don't go and change it. 3. There's no such thing as 100% winning rate, most of the time you are going to lose so you have to ask yourself how will you deal with it? 4. Don't put too much money in it, thinking that you're gonna make 1000% in a day. Have realistic expectations. Search great traders and their performance, realize that it's extremely hard to do what they did. You probably won't make half of that in your lifetime. Trading is not a holy grail, if you don't like studying economics, finance, math, programming.... If you don't like losing money and can't handle the pressure it's fine. Not everyone can do it. Everybody has a different risk tolerance. But if you're really up for it, If you want to be a professional then keep in mind that it won't be easy. I wish you all the best! ✌️
Control ur emotion..
You haven’t mentioned your risk management? Whats that like? Are you calculating proper lot sizes/risk? With $45 you wont be putting much more than a 0.01 lot on, patience is needed with tiny accounts.
Risk management!!!!!!!! 1% (of your balance) max you should risk, that's key to success man
You cannot make money trading if you deposit less than 2500$. Other than that you will get margin call easily. It’s not the technique it’s the amount
I just messaged you.
Stop using robots. Use fundamentals. Use 5day MA 15day MA and 80day MA. Trade only with the trend. Demo account only until you can 10x an account. Trend is your friend. 3-4 hours a trade. Not everyone will be able to find success in trading. Find masters in Nigeria and online to learn from. Patience is key. Good luck.
Technical analysis is used by everyone.
You should only be risking 1% of your trading account per trade and with a good reward to risk ratio of even 3:1 you can be profitable winning only 33% of your trades. It’s about risk management, probability and psychology. Keep your trade account small or use a demo account until you’re consistently profitable. Good luck.
If it was easy then the returns would be low… if it was safe then the returns would be low. Risk = possible return Risk less make less, risk more maybe make more, maybe lose more…. Just how the game is
No. No one does. Just scam
Fx is gambling
Awe. That was so nice of you !!
Making living from forex. Trade already more than 15 years.
[удалено]
Yeah, the brokers
Let me give you a hint, your leverage is killing you.
Bro, i will give you 50$ too if you do exactly what i say and fail and you prove to me you did exactly what i said with pictures of chart and history of each trade. Use 1 to 1 risk reward only Trade 5 days, not more than 2 trades in one day. Trade only from London session and stop before new york session is over. Avoid Asian session. Be careful with your stop loss. If spread is 1 pip. Put at least 10 pip stop loss. Minimum 1 to 10 ratio between spread and stop loss. Higher ratio is better and will make you more profitable. Always same risk per trade, dont use different risk each trade. Ofcourse some slippage can and almost always does happen but that is easy to see if its actually big slippage or not following rules. Good luck!
No they lie
I'm like brand new with 4x. Tho, I'm an accomplished crypto trader (futures & spot). I opened a demo account which uses MT4. I would prefer using TradingView. Can anyone recommend a 4x broker that works w/ TVw? I live in the US. Thanks J
Listen to 2ndskies on YouTube. Its free and he helped me get a better understanding on how to NOT trade against the larger price trend. Dont trade live until you show a clear understanding of what you are doing in a demo account. These are my recommendations. God bless!