Donsheddy:
Taking this biz as a full time job is suicidal

Donsheddy:

Yeah...
Story of my life...
Fx is the only thing i have goin on right now...
The pressure to get to live account is even worst that taking the trades itself...
Mhen i no dey fit think straight

GabsonFX2:
Yes, desperation sets in 💯 undoubtedly, you cannot escape that.

You are good, yes that is established but I believe what you need is the tool that will completely remove desperation. Hence, my advice: I would have advised you to fund a live personal account of $100, trade diligently and live on that but hell no, the desperation to make the daily living will blow that account. Therefore, I will strongly advise you to obtain a challenge account of about $10K, give someone you trust to pass it for you then get the funded account back.

Now you have 10% of that to play with, that's $1K capital. I believe you should be able to live on that and even buy more challenge...we are now in a fast moving world.

Selah!

samfelly:


I bought gold right before almighty NFP with entry at 2294.95. I saw a massive profit from that 1 minute candle that shot up and I refused to closed. And right before my eyes, profit starts dwindling till it's about to shake hands with my BE.

Omo, if greed no kill person for this market, indecisiveness go wound person, period!

Donsheddy:


💯💯💯

You will go places in this business....
I love how you roll...

GabsonFX2:
In addition and a little modification to the bolded to help psychology:

Chickening out of winning profits is what traders do due to fear of price reversing and turning into losses, then find out that price continues in that direction.

Therefore, I will modify: when price reverses and turns into a looser, it simply means that that trade was not meant for you, it wasn't yours. Let it go. Close that chapter from your brain and get ready for the next entry.

However, you cannot have the next entry opportunity if that lost trade inavlidated your risk-money management ethic.

Selah!

EFGH:
So I start learning how to trade FX few weeks ago, here is my gain for today being 03/05/202.

Ballzproblem2:
na welcome fx dey do you

Cashhy11:
Forex is not easy, trading around heavy news like today's makes it even difficult than it already is. News trading is extremely hard, stop trading it. It's pure 50:50 because you don't have access to the information that will be released until the impact has been felt.

I said 50:50 before, now add the widened spread and slippages that comes with crazy reddish folder news like today's. The 50:50 is turning to 30:70 already with you being the disadvantaged party. How do you plan to win this consistently?

Just see how boring the thread is today, everywhere is so quiet. The market has definitely f uck guys up big time.

DXYY:


I thought you said forex is easy, you were even abusing and calling people names cos they shared there opinion.

EFGH:


Why you the put fear for my body?😀

Ballzproblem2:
lol it's not fear bro,be cautiously optimistic and be disciplined I wish you the best.

EFGH:

Now you are talking. 😉 Thank you. I am wishing you good STANDARD PIPS in your aza.

ebenezary:
how many day for their withdrawal

OneMillionBTC:
Forex is hard to master but once you master it you will realize how easy it is.

I continued trading forex for over 10 years now because of how challenging it was at a time. It was intriguing for me to see that despite how "intelligent" I am, this guy called forex always found a way to tell me, "you think say you smart"

The difficulty in Forex made it more interesting for me because I told myself something as difficult as this will be worth conquering.

Every Margin call made me sit down again to study. Every weekend was for studies outside the in-between studies on weekdays. I read hundreds of PDFs to understand how successful traders think. Somewhere along this journey I realized every successful trader has to find his path to profit on his own. The PDFs are only guides, you need to find your way to making profit by yourself.

This was when I started forming personal trading systems, writing as much as 20 rules I must observe before entering a trade. The margin calls continued though.

But I kept on observing the times my trading system worked and over time I could avoid patterns that made my trading system not work.

Till date, if I have a negative trade, I study the trade to know why it didn't work to avoid entering such trades next time.

I shared a PDF in this forum some time ago. That PDF helped my journey. I think if you go through the PDF you will understand why some of us who once said "forex hard o" can
now say Forex is easy.

So if you say "Forex hard o" , it is true because at where you are on this journey it should be hard. If also you say "Forex easy o" it is also true because at where you are on this journey it should be easy.

PriceActionZ:
Which broker in Nigeria has the least spread , easy to open and low account opening, may be in naira or dollars, easy withdrawal, easy deposit, low deposits with few thousands. I want to open one for my bro to start playing with the market. May be he can try his best and get prop from it.

Donsheddy:
Taking this biz as a full time job is suicidal

Cashhy11:
Forex is not easy, trading around heavy news like today's makes it even difficult than it already is. News trading is extremely hard, stop trading it. It's pure 50:50 because you don't have access to the information that will be released until the impact has been felt.

I said 50:50 before, now add the widened spread and slippages that comes with crazy reddish folder news like today's. The 50:50 is turning to 30:70 already with you being the disadvantaged party. How do you plan to win this consistently?

Just see how boring the thread is today, everywhere is so quiet. The market has definitely f uck guys up big time.

OneMillionBTC:
Forex is hard to master but once you master it you will realize how easy it is.

I continued trading forex for over 10 years now because of how challenging it was at a time. It was intriguing for me to see that despite how "intelligent" I am, this guy called forex always found a way to tell me, "you think say you smart"

The difficulty in Forex made it more interesting for me because I told myself something as difficult as this will be worth conquering.

Every Margin call made me sit down again to study. Every weekend was for studies outside the in-between studies on weekdays. I read hundreds of PDFs to understand how successful traders think. Somewhere along this journey I realized every successful trader has to find his path to profit on his own. The PDFs are only guides, you need to find your way to making profit by yourself.

This was when I started forming personal trading systems, writing as much as 20 rules I must observe before entering a trade. The margin calls continued though.

But I kept on observing the times my trading system worked and over time I could avoid patterns that made my trading system not work.

Till date, if I have a negative trade, I study the trade to know why it didn't work to avoid entering such trades next time.

I shared a PDF in this forum some time ago. That PDF helped my journey. I think if you go through the PDF you will understand why some of us who once said "forex hard o" can
now say Forex is easy.

So if you say "Forex hard o" , it is true because at where you are on this journey it should be hard. If also you say "Forex easy o" it is also true because at where you are on this journey it should be easy.

Donsheddy:
Anybody tell me why this boy did not continue selling but bought instead 🤔🤔

dmahn:


Protecting our equity sometimes is better than staying confident, it's normal for trade to reverse and stop us at BE.. But letting a good winner turns into a looser isn't right for our psychology..

As for the confidence I ll suggest you start to jounal your trades if you haven't been doing that sir.. When I started reading books on psychology, the only one thing I find so in common with all is a trade journal. I don't know why it works but I think it has helped me stay confident with my Trading. I was winning and taking profit on jounal while my equity kept on decreasing because I was closing profit to early and never shift stop losses. Trade journal proved to me that I am my biggest enemy and not the market

ebenezary:
l mean USD card withdrawal?

Davigle:


Omo, I saw shege for gold hand today ooo, I have been gold bearish pre NFP release and then NFP turned out badly coupled with a higher unemployment rate and a lower average hourly earnings. usually this poor data would have send gold raging high while the DXY sinks to hades but instead gold only spiked up and down was range bound for the rest of the day. gold stopped me out of my short trade which I have been swinging since FOMC and then when I bought gold, it stopped me out again. I'm overall still bearish on gold but I'm very pissed off today.

even more disappointing is that US30 should have been flying like a werey but the girl just dey move up like snail. though still holding on to my long trade on US30 as I entered at 38600 with SL at 38500 and tp at 39000

Donsheddy:
Anybody tell me why this boy did not continue selling but bought instead 🤔🤔

Donsheddy:



Live account?

GabsonFX2:
In addition and a little modification to the bolded to help psychology:

Chickening out of winning profits is what traders do due to fear of price reversing and turning into losses, then find out that price continues in that direction.

Therefore, I will modify: when price reverses and turns into a looser, it simply means that that trade was not meant for you, it wasn't yours. Let it go. Close that chapter from your brain and get ready for the next entry.

However, you cannot have the next entry opportunity if that lost trade inavlidated your risk-money management ethic.

Selah!

Donsheddy:


Yeah...
Story of my life...
Fx is the only thing i have goin on right now...
The pressure to get to live account is even worst that taking the trades itself...
Mhen i no dey fit think straight