chuna1985

Payment Mode Account

Date 04/06/2011 15:36

Batch 58591034

From U0990758 (Digital Money Forum)

To U3166849 (chime chukwuma ch...)

Amount $1.90

Memo Payout from DMT

Username : chuna1985

Amount To Request (DMT points) : 350

Liberty Reserve ID : U3166849

Thank You Admin.

This is great, the site pays up to 4 cents per post and 5 cents per thread. I will definitely be joining this site in the next few days. But i think anyone who wants to post there should be careful since they hacve too many rules so they will be very strict.

This beauty contest in that this forex trading broker is organising is awesome, but i have just one problem with it. I still can`t understand why this contest has to be for only the female folks. What of the men. I hope they will get us our own Mr INSTA.........lol

The broker is a certified and regulated one, i use them and i also post in their site. But they are so strict that they do not accept liberty reserve payment processor. I was lucky that they accepted okpay and there is an exchanger of okpay in my country, i would have quit them.

Their contests are good enough, up to 333 dollars can be won. But that is not really of interest to me because those kind of contests are always dominated by expert trades. I will post in forum cintests of this broker to see if i will get the fund my fbs trading account.

I know the stochastic indicator very well, it is used to find out when a forex trading pair is over bought or over sold. I do not like to use it because the commodity channel index does the same work as it so i stick to the cci, it is better for me.

Thanks for your lecture, it is good enough. I tried to learn the use of this support and resistance level but i could not. I now visit www.fxstreet.com and take their support and resistance that they place for free in their site. Now it is clearer for me. Thanks

The main reason why forex traders are lazy in the demo is because the demo is funded with 50,000 or 100,000. They use high lots and make massive virtual profits in their trades. When they now get to the real account, they might try the same thing and their account will be fried.

Risk management is the most important thing in forex trading. This is because there is no way that we will continuously increase our trading account and elongate our trading career. It is good money management that helps us to secure our profits and prevents us from losing good profits that we are making. Compounding is a good type of risk management.

One can do compounding but they must be withdrawing at the same time. Maybe it will be good to withdraw 40 percent of their profits and compound the rest. I did not like compounding before, i always withdrew all mt profits but now i think i will try this strategy to see how effective it will be.

Any forex broker that has a swift payout plan is a good broker for me. UWC broker does very swift payout in their forum. The times that i try to withdraw from my account, it takes about two working hours for the payment to clear.

Andry is right, i is not only high leverage that makes forex trading risky, but the major is lot sizes. It is high lot sizes that can lead to losses in our trades, i mean heavy losses, or even margin call. The concept of leverage and lot sizes must be learnt by all trades in order to make competent decisions in our trading career.

@ Andry777, i know the situation of the forex market right now. You might be right that swing trading is risky now more than as it is before because of the wars and political crisis in the middle east, but it is all about the news. Follow the news effectively and manually cut at your trades at appropriate times. If you do this, you will not have any problem.

Time frames that we use in forex trading differs, there is no best time frame whatsoever, if you are trading long term, then you will consult longer time frames like 4 hours and above, and if you are a scalper, you will use the smallest time frames of 5 minutes, 1 minutes and 15 minutes.

Forex trading solves my monetary problems but not all of them. But from the market results that i have, i know that it can provide all my needs. I will be able to do that by increasing my account balance very well.

I also employ your style when i trade he fore market, high risks in forex trading is profitable and very risky at the same time, but if you trade the forex market with low risk, you will get small amounts gradually but the advantage on the long run is that you will never get a margin call, you will always be in business.

I completely agree with you n the aspect of discipline, forex trading toils with our emotions to force us to make mistakes that are unnecessary, but if a trader is well disciplined, they will stand their ground and make competent decisions in their trades.

Sirwilly is right, forex is very complicated and looks like a mystery in the eye but that is for people who do not know much about forex trading, once you start learning and familiarizing with the forex market, then it will not be a mystery to you anymore.

Yes, andry777 is right, it can happen many times in our trading but we have to bear in mind that it can lead to over trading and possibly losses. I have made constant profits for some days, but it is usually by setting small targets like 10 to 20 pips per day, that target is always achieveable, but coming high targets of up to 100 pips, it becomes more risky and it will lead to long term trading.

Forex trading for me is the quickest money making venture on the web today, it involves the buying and selling of currencies online and it is done through brokers. I wish to continue trading forex full time, but i do not have the funds to do so. I guess i will use forums like this one to fund my account.

You can target as much pips as you like, there are no restrictions. Maybe 50 pips, that is my standard number of pips i target per day. The best target is for every trader to set targets that are possible and achieveable to avoid over trading and unnecessary losses.

@Boniez

Oh you used InstaForex too, that was good then. I used that broker too because I could get free capitals to trade in there.

Yeah, we could make many accounts in InstaForex so if one account is Margin Call, we could use another account to trade.

That their system of giving trading bonuses is very great, i am active in all their sites including the russian version. There is a new site that they have for nigerians, it is located at www.nigeria-forex.com

But note that it is not meant for only nigerians, international members are invited

Lot sizes in forex trading should depend on the amount of money that we have in our trading accounts, a trader who has 1000 dollars in his account can use a lot size of 2 or 3, but for little amounts like 300 dollars and below, a small lot like 0.20, 0.40 or 0.50 are recommended, for me, i use a lot size of 0.60 in most of my trades.

I used to trade with about 66 dollars in the past, now i have worked very hard in the ptp business to fund my forex trading account to 300 dollars. Now i have discovered the true secret of forex trading, you must have a very large sum in order to take more risks and make more money.