kozmicity:


open a demo account first with metatrader 4 and study, plan your strategy and never enroll in expensive courses...

take time when trading on the demo and never give up because it may take days, weeks and even months before you start being profitable.

never open a live account until you're profitable on demo... and always remember that:

FOREX IS A VERY HARSH MARKET... ESPECIALLY TO NEWBIES

YOU CAN ONLY GAIN WHAT YOU HAVE

ALWAYS REINVEST YOUR PROFIT TO GAIN MORE

TRADING IS 90% PSYCHOLOGICAL, 5% TECHNICAL AND 5% FUNDAMENTAL...

NEVER ENROLL IN EXPENSIVE COURSES!!! YOU CAN ALWAYS WATCH YOUTUBE TUTORIALS, GOOGLE RESEARCH MATERIALS OR JUST REGISTER ON WWW.BABYPIPS.COM

When time comes to open a live account, search google for legitimate forex brokers, check their leverage, minimum amount, deposit currency(ies), legitimacy, commissions, payout and Co...

I wish you luck in your trading...

You'll need it!!

Thanks for the information.

supereagle:

Thanks for the information.

You're welcome boss!!

Buy EA and GA. Monthly resistance broken.

kozmicity:
@dukeprince50

I use this course that I downloaded from playstore... It's free and very good for learners... never overlook any chapter of it.

It may not give you the experience you need in trading forex but it ups your chances by as high as 30% ( my opinion oo )

Abeg which course?

Fxwarrior:
Buy EA and GA. Monthly resistance broken.

monthly resistance??
has the month ended??

Fxwarrior:


Abeg which course?

I tried attaching the screenshot twice it didn't still show up here... the name is " Forex Course "

It's on playstore... the main picture shows a valedictory hat and scroll in purple... it's rated around 4.6.

Happy Holidays. No trading until next year, you guys are addicted to FX

kozmicity:


TRADING IS 90% PSYCHOLOGICAL, 5% TECHNICAL AND 5% FUNDAMENTAL...

You gave way too much to PSYCHOLOGICAL. If I'm to rate myself 30% PSYCHOLOGICAL, 65% TECHNICAL AND 5% FUNDAMENTAL... But guess what, I'm profitable trader.

SayDeeJay:
First thing, first!
The first thing to do the moment you opt in for forex trading is to learn (via demo) to the point of being 'profitable'. It may take some days, weeks, months or even years.
It is after this, you upgrade to go live. This will bring into consideration which broker to go for.
In my humble opinion, you don't open a live account, fund it and then begin to learn.
Also, asking for reviews about a broker should come BEFORE making a deposit. Not the other way around. What if the broker doesn't pay? How will you get back your money?
I wish everyone success.

Too succinct put, couldn't have said it any better. All new trader should take note.

kozmicity:
I just recently started trading on the forex market... Although I've been practising since June this year...

I started with a small sum on a FXTM CENT ACCOUNT and lost about 15,000 because I didn't understand the figures and I was still doing my college clearance... I recently reinvested 5000 naira but I haven't started trading with it because of this holiday period.

.

How's that? if you've traded demo with them for some month, how do you not understand the figures?

harizonal123:
The experienced trader Vs the newbie
Trading doesn't get easier, you just only get stronger

This is FALSE , as a matter of fact, trading get a lot EASIER when things start working out, trust me.

I can talk for myself, at some point on my journey, I couldn't keep any profit, I make money, lose it and lose some more.

I even started doubting if anybody is actually making money trading forex, thought it's all a big lie to steal our money.

I'm always red @month end, never positive account balance. I was trying so very hard, reading everything I could get my hands on, trying different systems, jumping from one to the other.

Sometimes I go into total despair. Sometimes I tell myself how hard can forex be, I'm usually smart and I thought to myself, how dull can I be not to figure out trading. I was utterly frustrated, nothing I do seems to work.

Lost account after account, but I've got no right to be trading live account to start with, as I was NOT even profitable trading demo account, so why the heck was I trading live account?

The number 1 killer- People trading live account when they have never traded demo account profitably.

A lot of people want to start out making money right away trading forex, but it doesn't work that way, you have to put in a lot work. You have to trade demo profitably first, couple of months/years before going live.

Now I can't even seem to fathom why Forex was so difficult for me starting out, why do I remain losing trader for a very very long time.

It seems so easy now that I can't comprehend why I was losing for ever before.

I tell you, it get a lot easier. Of course you will still do mistakes here and there because of our human nature.

Tunderr:
Happy Holidays. No trading until next year, you guys are addicted to FX



You gave way too much to PSYCHOLOGICAL. If I'm to rate myself 30% PSYCHOLOGICAL, 65% TECHNICAL AND 5% FUNDAMENTAL... But guess what, I'm profitable trader.


Too succinct put, couldn't have said it any better. All new trader should take note.




How's that? if you've traded demo with them for some month, how do you not understand the figures?




This is BIG FALSE , as a matter of fact, trading get a lot EASIER when things started working out for you, trust me.

I can talk for myself, at some point in my journey, I couldn't keep any profit, I make money and lose it and lose some more.

I even started doubting if anybody is actually making money trading forex, like it's all a big lie to steal our money.

I'm always red at month end, never positive account balance. I was trying so very hard, reading everything I could get my hands on, trying different system, jumping from one to the other.

Sometimes I go into total despair. Sometimes I tell myself how hard can forex be, I'm usually bright and I thought to myself, how dull can I be not to get trading. I was utterly frustrated, nothing I do seems to work. Even with the unlimited access to internet I've got[b] ( I pay NGN 1800/month )[/b].

Lost account after account, but I've got no right to be trading live account to start with, as I was NOT even profitable trading demo account, so why the heck was I trading live account?

That's number 1 killer- People trading live account when they have never traded demo account profitably.

A lot of people want to start out making money right away trading forex, but it doesn't work that way, you have to put in the work. You have to trade demo profitably first, couple of months/years before going live.

Lol... having a cent account and having a normal... standard forex account are different... I trained with a standard account, if you don't believe me... just open a cent account with FXTM or google cent account...

And lol again, I have also decided not to trade until next year too, market is shut right now...

success!!

Is AUDJPY ready to rally?

AUDJPY may be getting ready to rally shortly. If it does, up to 50pips is ready to gain. However, if it doesn't, you loss 10 pips

Tunderr:
Now I can't even seem to fathom why Forex was so difficult for me starting out, why do I remain losing trader for a very very long time.

It seems so easy now that I can't comprehend why I was losing for ever before.

I tell you, it get a lot easier. Of course you will still do mistakes here and there because of our human nature.

Don't get me twisted. It gets easier only when you get better

BullBearMkt:
Is AUDJPY ready to rally?

AUDJPY may be getting ready to rally shortly. If it does, up to 50pips is ready to gain. However, if it doesn't, you loss 10 pips

...not ready to rally, a 10 pips loss

kozmicity:


open a demo account first with metatrader 4 and study, plan your strategy and never enroll in expensive courses...

take time when trading on the demo and never give up because it may take days, weeks and even months before you start being profitable.

never open a live account until you're profitable on demo... and always remember that:

FOREX IS A VERY HARSH MARKET... ESPECIALLY TO NEWBIES

YOU CAN ONLY GAIN WHAT YOU HAVE

ALWAYS REINVEST YOUR PROFIT TO GAIN MORE

TRADING IS 90% PSYCHOLOGICAL, 5% TECHNICAL AND 5% FUNDAMENTAL...

NEVER ENROLL IN EXPENSIVE COURSES!!! YOU CAN ALWAYS WATCH YOUTUBE TUTORIALS, GOOGLE RESEARCH MATERIALS OR JUST REGISTER ON WWW.BABYPIPS.COM

When time comes to open a live account, search google for legitimate forex brokers, check their leverage, minimum amount, deposit currency(ies), legitimacy, commissions, payout and Co...

I wish you luck in your trading...

You'll need it!!

thanks man, I appreciate, I was going the meta4, no deposit and withdrawal option, I just saw some ridiculous amount of money saying 5million USD, I do not understand it a bit, I think with time I will though but the deposit and withdrawal option is not there. when I am done with demo and wants to open live account, how do I deposit? how do I withdraw, sorry to disturb u, I may not see u again wen I want to make real money, the demo is interesting.

currentprice:
not surprise,, i know she will come like a thief. BULL just use holiday to catch traders unaware

BULL is back except price go below 44.25 levels again

hmmmm, oil still look like it gona dig down more

waiting for the right time to enter trade

patient is the key

BullBearMkt:

...not ready to rally, a 10 pips loss

...back in the trade - selling JPY

kozmicity:


Lol... having a cent account and having a normal... standard forex account are different... I trained with a standard account, if you don't believe me... just open a cent account with FXTM or google cent account...

And lol again, I have also decided not to trade until next year too, market is shut right now...

success!!

I understand , it's good to set up a demo account, that is as close to how you will be trading in real account. If I was going to start live trading with $500 , my demo account should be set up with $500 balance.

currentprice:


with this calls i don sabi who you be brov. welldone

back to my drawing table where i sell banana

Hi, I have been an avid follower of your posts for long now, correct me if I'm wrong, but your strategy is mainly price action right? Many traders say understanding and trading with price action opens the door to profitable trading, what do you think? Can you point me to any thread or platform that helped you master this strategy?

Sorry for the plenty questions, I'm a newbie, I'm learning.

I need someone who is passionate and determine to succeed in fx to share a strategy with. There is no subjectivity in the strategy. Most of the technical analysis is subjective. We will learn and share ideas till everything is perfected. The person can still bring his strategy then we pick the one we are ok with.

BullBearMkt:

...back in the trade - selling JPY

...AUDJPY now 43 pips gained . Close trade. Good night!

EJ 200pips

Buystop at 127.20
Stop loss at 126.20
Target at 129.20

barikay:
I need someone who is passionate and determine to succeed in fx to share a strategy with. There is no subjectivity in the strategy. Most of the technical analysis is subjective. We will learn and share ideas till everything is perfected. The person can still bring his strategy then we pick the one we are ok with.

Share your strategy. You won't regret. I will help you improve on it.

..

tomdon:



1. Download meta4 from google play store
Meta4 is one of the few apps on which you can trade forex.

2. Go to hotforex website and register, then create either demo or live account. You'll be given some login details via your email.
Hotforex is one of the best brokers in the world.

3. Go back to meta 4 and log in with the details hotforex gave you.

4. Fund your hotforex account via gtb or zenith bank.

5. Start trading with the money you deposited making profit or loss.

6. If you make profit, you can transfer your sweet profit to your bank account.

Those are the steps basically to register not the fundamental concept of forex trading. You can get some better help on that on baby pips .com
DM me to hold your hand and put you through

please give me your phone number sir I want to learn

Learn To Trade The Market
Nial Fuller
NIAL FULLER
Professional Trader, Author & Trading Coach

How To Develop A Profitable Forex Trading Mindset
author thumb By Nial Fuller in Forex Trading Articles by Nial Fuller Last updated on October 4th, 2017 | 97 Comments
trading mindsetIn today’s lesson I am going to help you develop a profitable trading mindset.

It’s an unavoidable reality that your forex trading success or failure will largely depend on your mindset. In other words, if your Forex trading psychology is not right, you aren’t going to make any money! Unfortunately, most traders ignore this important fact or are unaware of how critical having the proper mindset is to Forex trading success. If you do not have the correct trading mindset, it doesn’t matter how good your trading strategy is, because no strategy will ever make money if it’s used by a trader with the wrong psychology.

Note: I would love to hear how you plan on using the points discussed here to improve your Forex trading mindset. Please leave me your comments and feedback below after reading today’s lesson!

A lot of people seem to be unaware of the fact that they are trading with a mindset that is inhibiting them from making money in the markets. Instead, they think that if they just find the right indicator or system they will magically start printing money from their computer. Trading success is the end result of developing the proper trading habits, and habits are the end result of having the proper trading psychology. Today’s lesson is going to give you the insight you need to develop a profitable trading mindset, so read this lesson carefully and don’t dismiss any of it, because I promise you that the reason you are struggling in the markets now is because your mindset is working against you instead of for you.

Step 1: Have realistic expectations
The first thing you need to do to develop the proper Forex trading mindset is have realistic expectations about trading. What I mean is this; don’t think you’re going to quit your job and start making a million dollars a year after 2 months of trading live with your $5,000 account. That’s not how it works, and the sooner you ground your expectations in reality, the sooner you will begin to make money consistently. You need to accept that you cannot over-trade and over-leverage your way to trading success, if you do those two things you might make some quick money temporarily, but you will soon lose it all and more. Accept the reality of how much money you have in your trading account and how much of that you are willing to lose per trade. Here are some other points to consider:

• Only trade with disposable ‘risk’ capital – Disposable capital is money you don’t need for any life expenses, including retirement or other long-term things. If you don’t have any disposable or risk capital, then keep demo trading until you do, or stop trading all together, but whatever you do, do not trade with money you are going to become emotional about losing. Always assume you could lose whatever money you have in your account or in a trade…if you’re truly OK with that, then your good to go, just make sure you don’t lie to yourself…REALLY BE OK WITH IT. Trading with ‘scared’ money (money you can’t afford to lose) will lead to severe emotional pressure and cause ongoing losses.

• Make sure you can still sleep at night !– This is related to the above point about disposable capital. But the difference is that you need to ask yourself before EVERY trade you take if you are 100% neutral or OK with potentially losing the money you are about to risk. If you can’t sleep at night because you’re thinking about your trade, you’ve risked too much. No one can tell you how much to risk per trade, it depends on what you’re personally comfortable with. If you trade 4 times a month you can obviously risk a little more per trade than someone who trades 30 times a month…it’s relative to your trade frequency, your skills as a trader, and your personal risk tolerance.

• Understand each trade is independent of the previous one – This point is important because I know that many traders are way too influenced by their previous trade. The fact of the matter is that your last trade has absolutely ZERO to do with your next trade. You need to avoid becoming euphoric or over-confident after a winning trade or revengeful after a losing trade. The fact of the matter is that every time you trade it should just be seen as another execution of your trading edge; if you just had 3 consecutive winners you need to avoid risking more than usual on your next trade just because you are feeling very confident, and you need to avoid jumping back into the market right away after a losing trade just to try and “make back” what you lost. When you do these things you are operating 100% on emotion rather than logic and objectivity.

• Don’t get attached to your trades – If you follow the 3 points we just discussed you should have little chance of becoming too attached to your trades. Don’t take any trade personally, just because you lose on a few trades in a row doesn’t mean you suck at trading, likewise if you win on 3 trades in a row it doesn’t mean you are a trading “God” who is immune to losing. If you don’t risk too much per trade and you aren’t trading with money you need for other things in your life, you probably won’t get too attached to your trades.

Step 2: Understand the power of patience
I think one of the biggest realizations that allowed me to turn the corner in my own trading was that I didn’t have to trade a lot to make a decent monthly return. Think about it, most people consider a 6% annual return very good for a savings account, and if you average 12% a year on your retirement fund you are pretty happy. So why is it that most traders expect to make 100% a month or some other unrealistic return? What’s wrong with making 5 or 10% a month? That’s still exceptional over the course of one year. Whilst I can’t imply you will make a certain percentage per month, if you just understand that slower and more consistent gains are the way to long-term success in the markets, you will be far better off at the end of each trading year. Here are some other points to consider about patience:

• Learn to trade on the daily charts first – By learning to trade on the daily chart time frames first, you will naturally take a bigger-picture approach to the markets and you’ll avoid most of the temptation to over-trade that the lower time frames induce. Beginning traders especially need to slow down and learn to trade off the daily charts first. Daily charts provide the most relevant and practical view of the market. YOU DO NOT HAVE TO TRADE EVERYDAY to make a solid return each month.

• Quality over quantity – I consider myself a “sniper” of the market; I wait and I wait and I wait, sometimes for days or even 1 week without trading, then when I see a price action setup that triggers my “this one is a no-brainer” alarm…I pull the trigger with ZERO emotion. I am always fully prepared to lose the money I have risked on any one trade because I do not trade unless I am 100% confident that my price action trading edge is present.

• User your ‘bullets’ wisely – To really hammer-home the power of patience in developing the proper trading mindset, you need to understand that being patient will work to instill positive trading habits within you. Patience reinforces positive trading habits, whereas emotional trading reinforces negative ones. Once you begin to trade patiently you will see how using your “bullets” wisely works…you only need a few good trades a month to make a respectable return in the markets, after you achieve this via patience, you will learn to enjoy NOT being in the markets…because it’s then that you are “hunting your prey”. This in contrast to the frazzled and frustrated trader who is staying up all night staring at the charts like a trading zombie who just will not accept that they need to trade less often.

Step 3: Be organized in your approach to the markets
mindsetYou NEED to have a business trading plan, a trading journal, and you need to plan out most of your actions in the market before you enter. The more you plan before you enter the higher-probability you will have of making money long-term. You are ALWAYS going to interpret the market more accurately whilst you’re not in a trade…so pre-planning everything increases your odds of making money since you will be working more on logic than emotion.

• Have a trading plan – I know it can be boring, I know you might think you don’t “need” to make one, but if you don’t make a trading plan and actually use it and tweak it as you learn, you will start trading on an unorganized and probably emotional path. A trading plan doesn’t have to be a very dry and boring document; you can get creative with it. You’re trading plan could be that you write your own weekly commentary before each week begins, plan out what you will do and look for in the upcoming week…just make sure you have a “plan of attack” before you enter any trade.

• Keep a professional trading journal – You need a track record, you need to record your trades, you need to do this in a forex trading journal. This is a critical component to forging the proper Forex trading mindset because it gives you a tangible document that you can look at and instantly get raw feedback on your trading performance. Once you start keeping a journal of your trades it will become a habit, and you will not want to see emotional results staring back at you in your trade journal. Eventually, you will look at your trading journal as something of a work of art that proves your ability to trade with discipline as well as your ability to follow your trading plan. This is something any serious investor will want to see if you plan on trading other people’s money.

• Think BEFORE you ‘shoot’, not after – All of the planning and preemption that I just discussed is analogous to thinking before you shoot. A gun is a very powerful weapon, we all know that we need to think before we shoot one, even if we are just hunting or shooting at a gun range. Likewise, the markets can be very powerful “weapons” in regards to making or losing you money. So, you want to do as much thinking before you enter a trade as you can, because after you enter you are going to naturally be more emotional and you don’t want to put yourself in a position of constantly entering regrettable trades. If you plan your actions before you enter, you should not regret your trades, even when you have losing trades. I never regret any trade I take because I don’t trade unless my edge is present and I’m always comfortable with the amount of money I have risked on any one trade.

Step 4: Have no doubt about what your trading edge is
Finally, don’t start trading with real money if you aren’t really sure how to trade your edge. You are obviously not going to develop the proper trading mindset if you jump into trading a live account without being 100% confident in what you’re looking for. Whatever your edge is, make sure you’ve found success trading it on a demo account for at least 3 months or more before you go live. Don’t just “dive in head first” without being totally comfortable in your approach…this is what most traders do and most of them lose money too.

• Have 100% confidence in your edge – I have 100% confidence in my price action trading strategies…that’s not to say that I am foolish enough to believe EVERY trade will win, but I am totally confident that every time I trade my edge is truly present. I don’t compromise my trading edge by taking setups that look they are “almost” good enough…I simply don’t trade in that case. I only take price action setups that I feel in my gut are high-probability valid representations of my edge. Therefore, I am never fearful or worried about any trade I enter, even if it ends up losing.

• Don’t gamble – There are skilled traders, and then there are people who gamble in the markets. If you take a calm and calculated approach to your trading and wait patiently for your trading edge to appear, like a sniper, then you are a skilled trader. If you just “run and gun” and veer off course from your trading plan, you are a gambler. So, are you a Forex trader or a gambler?

• Price action trading helps develop the proper trading mindset – My trading edge is price action, and I fully believe that the simplicity of price action trading helped me develop and maintain the proper Forex trading mindset. We don’t need tons of messy indicators on our charts and we don’t need Forex trading robots or other expensive software. All we need is the raw price action of the market and our magnificent human minds to interpret it; it’s up to us to harness this power.

The price action of the market gives us a map to follow, and a pretty obvious one at that, if we can ignore the emotional temptations that arise in our minds we will have no problem profiting off of this price action map. I trust today’s lesson has provided you with some insight into how you can develop the proper mindset and ignore the emotions and break the habits that destroy your trading success. If you want to learn more please check out my price action Forex trading course.

author imageNial Fuller is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 20,000+ students since 2008. In 2016, Nial won the Million Dollar Trader Competition. Checkout Nial's

Fxwarrior:


Share your strategy. You won't regret. I will help you improve on it.

ok. I got the strategy from Rich finegan book. It is about trading the trendline breakout on 1hr tf. He uses parabolic SAR to draw the trendline. I pick interest in it because there is no guise work using Parabolic SAR to draw tl. Everyone will be getting the tl exactly as his. considerate one or two pair. Scroll back from 2016 to 2018 and the result were nice. Tp 50, sl 50 1hr ft, parabolic SAR settings; 0.02,0

The book is forex trend line trading strategy by Rich Finegan. I cant upload it

sharpen your cutlass let go hunting. BULL this time

who knows whether we can get new year bonus in advance

in my opinion,,, oyel buy side has the least risk for now but it not totally free from the wicked bear

so any buy should take profit quickly as soon as possible