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Nairametrics
We help our customers to make profit in Forex investment by managing their Forex account for them. And we manage account for our clients. If you don't know how to trade Forex, don't worry because we will help you out. All you need is to open a Forex account by registering with us. Trading style: I trade on 4 Hours Charts. Intra-Day Trading. Motto: Helping you to achieve success in Forex investment.
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The company was established by professional Forex trading Experts who m Who vouched for ? Recent Posts. Show More. The company was established by professional Forex trading Experts who manages clients account and delivers consistent profits. Share Share this page! About Blog. Actively scan device characteristics for identification. Use precise geolocation data. Select personalised content.
Earn Forex Nigeria – Forex Training and Investment
Create a personalised content profile. Measure ad performance. Select basic ads. Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. The best traders hone their skills through practice and discipline. They also perform self-analysis to see what drives their trades and learn how to keep fear and greed out of the equation.
These are the skills any forex trader should practice. Before you set out on any journey, it is imperative to have some idea of your destination and how you will get there. Consequently, it is imperative to have clear goals in mind, then ensure your trading method is capable of achieving these goals.
Each trading style has a different risk profile , which requires a certain attitude and approach to trade successfully. For example, if you cannot stomach going to sleep with an open position in the market, then you might consider day trading. On the other hand, if you have funds you think will benefit from the appreciation of a trade over a period of some months, you may be more of a position trader. Just be sure your personality fits the style of trading you undertake. A personality mismatch will lead to stress and certain losses.
Choosing a reputable broker is of paramount importance and spending time researching the differences between brokers will be very helpful. You must know each broker's policies and how they go about making a market. For example, trading in the over-the-counter market or spot market is different from trading the exchange-driven markets. Also, make sure your broker's trading platform is suitable for the analysis you want to do. For example, if you like to trade off of Fibonacci numbers , be sure the broker's platform can draw Fibonacci lines.
A good broker with a poor platform, or a good platform with a poor broker, can be a problem. Make sure you get the best of both. Before you enter any market as a trader, you need to have some idea of how you will make decisions to execute your trades. You must know what information you will need to make the appropriate decision on entering or exiting a trade. Some people choose to look at the underlying fundamentals of the economy as well as a chart to determine the best time to execute the trade.
Others use only technical analysis. Whichever methodology you choose, be consistent and be sure your methodology is adaptive. Your system should keep up with the changing dynamics of a market. Many traders get confused by conflicting information that occurs when looking at charts in different timeframes.
What shows up as a buying opportunity on a weekly chart could, in fact, show up as a sell signal on an intraday chart. Therefore, if you are taking your basic trading direction from a weekly chart and using a daily chart to time entry, be sure to synchronize the two. In other words, if the weekly chart is giving you a buy signal, wait until the daily chart also confirms a buy signal.
Keep your timing in sync. Expectancy is the formula you use to determine how reliable your system is. You should go back in time and measure all your trades that were winners versus losers, then determine how profitable your winning trades were versus how much your losing trades lost. Take a look at your last 10 trades.
Transition Management
If you haven't made actual trades yet, go back on your chart to where your system would have indicated that you should enter and exit a trade. Determine if you would have made a profit or a loss. Write these results down. Total all your winning trades and divide the answer by the number of winning trades you made. Here is the formula:. Once you have funded your account, the most important thing to remember is your money is at risk. Therefore, your money should not be needed for regular living expenses. Think of your trading money like vacation money.
Once the vacation is over, your money is spent. Have the same attitude toward trading. This will psychologically prepare you to accept small losses, which is key to managing your risk. By focusing on your trades and accepting small losses rather than constantly counting your equity, you will be much more successful.