forex

[Brook]

@The Beachmaster

Hotforex is currently good

eeeh nadai open real acc nao plus ni mpesa mambo ya haraka

[younginvestor]

@hackney

If you enter the Forex business with this mentality you will fail miserably. You are looking for a guru who will spoon feed you winning signals ‘ukiendelea kuiva’.It seems like you are looking for a magic pill or short cut to success in Forex.This is not the right approach.

You should not be thinking about making money in Forex even before you have acquired the appropriate knowledge about trading. Majority of traders fail because of this thinking, because of laziness and greed,they want to deposit $1000 into their trading account right away and flip that account into $100,000 in two months. The retail Forex market is brutal,it always teaches such people an unforgettable lesson.

If you really want to learn trading then be ready to put in the hard work.You can start by using all the free learning materials in the internet,combine that with demo trading and build on your knowledge from there. Remember there is no one magic formula or holy grail strategy that will earn you millions. The best trading strategy is the one that you personally develop yourself to suit your personality and trading style.

GURUS! GURUS!! GURUS!!! I hate to disappoint you with this but the truth is 99.99% of the gurus and Forex teachers you see screaming all over the internet and in the streets are not profitable traders,just mere charlatans.They are just internet marketers. These fake gurus make their money from doing seminars and selling bogus Forex courses. Some also act as Introducing Brokers to the Forex brokerage companies, meaning they get a cut for every new trader they introduce to use a certain broker.
There is the 0.01% of these gurus/teachers who are successful profitable traders.This is the category you should look at to get a mentor but finding one is like looking for a needle in haystack. It’s not a must that you have a guru mentor, in this digital age you can use the learning resources in the internet to become profitable trader.If you feel you must have one,then use a mentor to guide you as you learn, not to spoon feed you buy/sell signals.

Couldn’t have put it any better! Just like the fools who keep getting duped into ‘sure bets’ in the ruthless gambling world

[Eobard_Thawne]

try e

@Brook

Hotforex ,IC markets and fussion markets

exness

[Mutheru]

@Brook

Guys naeza pata guru tutafanya biz ya forex na yeye like ananipea signals then namlipa per every trade akue ka mentor tu nikiendelea kuiva

Though I know this is not the right way to go about it, I can give you some signals, first few for free and then start paying afterwards if you like the service and the signals work for you. Siwezi kataa pesa if my service is worth it, but am more inclined to helping you learn how to fish, not give you fish. My take is, the secret in forex lies in knowing how to do your position sizing and lot sizing. If you are comfortable with 0.5% - 1% returns daily, then my style would fit but zaidi ya hapo that would be way too risky. Greed is what kills most traders. I have a ~500 USD account that has consistently given me steady returns over the last couple of years. I withdraw the profit monthly and leave the principal there. But I have been learning the trade since my campus days. I am no guru though. I combine many online hustles to make a living. Forex, ecommerce, software development, content creation etc. Lakini ukitaka kusaidika milele, learn how to trade and create a strategy that fits your style. Forex ain’t a get-rich-quick scheme though. You can get rich in it if you are consistent, patient and determined.

[Mutheru]

@The Beachmaster

Hotforex is currently good

I beg to differ. Hotforex has its own issues, such as delays to close orders when there is a spike in price and the platform hanging occassionally. I know this from experience. 2016 around March hawa mafala walinimess big time. Their spreads are also not that friendly! You can lookup online reviews to confirm this. Kama broker si ECN wachana naye.

[Mutheru]

@The Beachmaster

Tilt ni emotional instability, or stress while you are in the middle of an open trade. Umeweka 200k,500k hapo ndani, sio? Sasa ndio saitan anaamka, unaamka kesho uko negative, chini by 100k. Lakini strategy yako inasema hii kitu inaenda juu, na pengine ni profit taking imeng’oa traders wa roho ndogo, ama some bit of news messes up the charts.
So now you are down 100k and your mind starts getting ‘bright’ ideas because you don’t want to lose the remaining 400k. You close the trade, and at that moment the thing goes your way due to market correction. You curse around and jump back in, at the same buy in as before, but you forget that you are now operating with less money. Also this is an abrupt decision, chasing the market if you will. The thing keeps going and you are up 200k. This is 100k more than the initial equity but 200k more than the subsequent one. You jump around and dance, beating your chest about how you are ‘baba yao’. This is ‘winners tilt’. So you add to the position, kidogo unapanguswa ile msooori.
The market has shafted you a good one. Pesa yote gone. All because your emotions could not handle the risk. This is the number 1 killer.

This would only happen to a very novice trader. If you have your position size right, then you can hold on to a trade for even weeks if you happen to be wrong, and the price would reverse and maybe let you close at a profit. All you’ll pay is the swap.
To avoid being caught on the wrong side of the trade, I only trade retracements on a confirmed trend direction. I also look at the momentum and strength of both pairs. Rule ni: for an account that has 100-1000 usd, volume size should be 0.01 - 0.1 accordingly, meaning it would take you approximately 10000 pips to hit a margin call. This is not possible not unless you’ve entered numerous trade positions. On average we have 400 pip range per pair in a day, meaning you can have several well-sized trades open without the risk of a margin call. However, be on the lookout for major news that may cause a spike. Major news are hard to miss ( US elections etc) but my advice is one should stay out till you assess the impact of the news.
FYI, when Trump won the Republican ticket, I bagged me a cool 540 USD (5400 pips).
Just my two cents though.

[Mutheru]

@Eobard Thawne

try e

exness

My preferences are Oanda and FXChoice.

[Mutheru]

Some advice to those starting out: Don’t put opposing trades on correlated pairs. You will only be going in circles (lose here as you gain there). Eg. The EURUSD pair has a positive correlation with the GBPUSD, meaning if one is rising, the other is also rising. It would therefore not make any sense to place a buy order on one and a sell order on the other. You will lose on one of those trades as you gain on the other. Other pairs are negatively correlated, meaning as one is rising, the other must be falling eg. EURUSD vs USDCHF. Therefore you cannot place identical trades on both. You can confirm on your charts if you are in doubt. It took me long to realize this and just thought it would be important to share. I’ll give more tips later.

[Mutheru]

Forex ebrufication taken in real time :D:D. I have not traded in the last one and a half weeks though, due to other commitments.
[ATTACH=full]305408[/ATTACH]

[Mutheru]

@sani

Hakuna shortcut. Take one year reading and writing notes like a student. Take another year on a demo account. Io ni minimum ya 24 months.

bila io utapoteza pesa yako bure.

na sio wewe utakua wa kwanza kupoteza, so we will not care

That is an overstatement kaka. You are scaring a brother. In my opinion, 4 months to learn the basics, 6 months to practise on the demo. But that calls for some seriousness…[SIZE=2]plus unajua mimi ni wale mabookworm:D:D:D[/SIZE] A year give or take. Never go live till you can make consistent profits on the demo. I mean NEVER. Otherwise you’ll lose your money like @sani said.

[Mutheru]

@Brook

eeeh nadai open real acc nao plus ni mpesa mambo ya haraka

Utapoteza hela zako bure bilashi. Cooked tick data, high spreads and a hanging platform will wipe out your account surreptitiously!

[Eobard_Thawne]

Anyone tried binary. Com’s volatility indices?

What’s your experience?

[Brook]

@Mutheru

Utapoteza hela zako bure bilashi. Cooked tick data, high spreads and a hanging platform will wipe out your account surreptitiously!

@Mutheru

Utapoteza hela zako bure bilashi. Cooked tick data, high spreads and a hanging platform will wipe out your account surreptitiously!

so unasuggest gani

[Mutheru]

@Brook

so unasuggest gani

Fxchoice or Oanda.

[Brook]

@Mutheru

Fxchoice or Oanda.

ssawa

[jofree]

@Eobard Thawne

Anyone tried binary. Com’s volatility indices?

What’s your experience?

what,s yours, tell us first.

[Brook]

@Mutheru

Though I know this is not the right way to go about it, I can give you some signals, first few for free and then start paying afterwards if you like the service and the signals work for you. Siwezi kataa pesa if my service is worth it, but am more inclined to helping you learn how to fish, not give you fish. My take is, the secret in forex lies in knowing how to do your position sizing and lot sizing. If you are comfortable with 0.5% - 1% returns daily, then my style would fit but zaidi ya hapo that would be way too risky. Greed is what kills most traders. I have a ~500 USD account that has consistently given me steady returns over the last couple of years. I withdraw the profit monthly and leave the principal there. But I have been learning the trade since my campus days. I am no guru though. I combine many online hustles to make a living. Forex, ecommerce, software development, content creation etc. Lakini ukitaka kusaidika milele, learn how to trade and create a strategy that fits your style. Forex ain’t a get-rich-quick scheme though. You can get rich in it if you are consistent, patient and determined.

lets do this

[Brook]

@Mutheru

Fxchoice or Oanda.

oanda si ni market makers

[jmoy]

@Brook

Guys naeza pata guru tutafanya biz ya forex na yeye like ananipea signals then namlipa per every trade akue ka mentor tu nikiendelea kuiva

Good signals are sold very expensively. Best signal is when you learn and develop your own trading strategies. If you want all your money to disappear in thin air, follow the route you are looking for

[jmoy]

@sani

Hakuna shortcut. Take one year reading and writing notes like a student. Take another year on a demo account. Io ni minimum ya 24 months.

bila io utapoteza pesa yako bure.

na sio wewe utakua wa kwanza kupoteza, so we will not care

But if you get a real mentor you can see he is trading in his live account and making money, you can accelerate your learning