FOREX ISN'T BAD: LEARN WHY HERE
👇Thread
I've read many tweets condemning Forex trading and investment options on this street, and I see a lot of ignorance about the whole thing.
There's more to the conservative comments.
RT @ToyosiGodwin @Stee_vane @Clan_Clueless
👇Thread
I've read many tweets condemning Forex trading and investment options on this street, and I see a lot of ignorance about the whole thing.
There's more to the conservative comments.
RT @ToyosiGodwin @Stee_vane @Clan_Clueless
1. Like Every Market; The Forex Market is Unpredictable
No one can predict life 100%. Forex Traders carryout analysis and get a subjective forecast of how the market will play out.
No one is God. Even Warren Buffet, at this stage, 90 years, still get it wrong sometimes.
No one can predict life 100%. Forex Traders carryout analysis and get a subjective forecast of how the market will play out.
No one is God. Even Warren Buffet, at this stage, 90 years, still get it wrong sometimes.
2. Like Every Market, The Forex Market Will Have It Melting Point
Simply put:
The market will always crash.
If you're a business person, you'll understand that sometimes market wey sell this month, go hard to sell next month.
This is true because of (1) above.
Simply put:
The market will always crash.
If you're a business person, you'll understand that sometimes market wey sell this month, go hard to sell next month.
This is true because of (1) above.
3. Like Every Market, The Market Will Always Have It Boiling Point
Simply put:
The market will always bounce back!
This year alone, US oil went to negative price. Today, it's back up! This year alone, we bought fuel N145, N125, and N155. There will always be flourishing times.
Simply put:
The market will always bounce back!
This year alone, US oil went to negative price. Today, it's back up! This year alone, we bought fuel N145, N125, and N155. There will always be flourishing times.
Forex Traders analyse the market to see whether (2) or (3) will happen. Whether they should go long or go short. Whether they should buy or sell. Whether they should bull or bear.
However, they don't deny (1). Even with the best analysis, the market remains unpredictable.
However, they don't deny (1). Even with the best analysis, the market remains unpredictable.
So, why do some succeed and some fail? BACKUP!
Backup in forex trading is simply the support capital you have to help you wait for (3) to happen when you've chosen (2) or (2) to happen when you've chosen (3).
This is where small traders lose out and crash out of the market.
Backup in forex trading is simply the support capital you have to help you wait for (3) to happen when you've chosen (2) or (2) to happen when you've chosen (3).
This is where small traders lose out and crash out of the market.
For example:
You decided to buy dollars when it is N360, and dollars become N450, you're making profit. If you decide to buy dollars at N450, and it becomes N350, you're losing.
Do you know that dollars can still come back and rise to N500?
And, this loser now, profit later?
You decided to buy dollars when it is N360, and dollars become N450, you're making profit. If you decide to buy dollars at N450, and it becomes N350, you're losing.
Do you know that dollars can still come back and rise to N500?
And, this loser now, profit later?
Yes!
But do you have enough money to lose while waiting for dollars to get to N500 so you'll start making profit?
That's what backup do for you when the market goes against you.
If you don't have a good backup, once it goes against you, the market will clear your balance.
But do you have enough money to lose while waiting for dollars to get to N500 so you'll start making profit?
That's what backup do for you when the market goes against you.
If you don't have a good backup, once it goes against you, the market will clear your balance.
That same market may come back in your favor but by then your account is empty and you've lost out of the market.
This is why many BIG FOREX COMPANIES promise 20% ROI and pay... They've many investors and huge backup to stay in the market even in losing position.
This is why many BIG FOREX COMPANIES promise 20% ROI and pay... They've many investors and huge backup to stay in the market even in losing position.
This is why the likes of Gates, Buffet and other billionaires almost always make profit. The market will ALWAYS either crash or bounce, and which ever way it goes, they've enough back up to wait till the other time.
So, individual small traders may not be sustainable...
So, individual small traders may not be sustainable...
Not the big boys!
In addition, BIG BOYS traders have enough experience to reduce the impact of (1).
Also, because they have huge backup, they almost always go long term... They forecast changes that will happen in months.
Small traders do NOW-NOW because no backup.
In addition, BIG BOYS traders have enough experience to reduce the impact of (1).
Also, because they have huge backup, they almost always go long term... They forecast changes that will happen in months.
Small traders do NOW-NOW because no backup.
I've invested with one company, very reliable and they pay.
This is the frank secret and this is why they're all looking for investors. They need that backup.
Lastly, Forex gives you huge profits in minutes if you're winning. A fundamental trigger like news can give you 1000%
This is the frank secret and this is why they're all looking for investors. They need that backup.
Lastly, Forex gives you huge profits in minutes if you're winning. A fundamental trigger like news can give you 1000%
ROI in a few minutes...
Non-fam payroll... Presidential press releases... News... Those things can shoot up an account, as well as crash an account... So, a good trader can make 500% with your money and give you 20%.
Don't condemn Forex. Pray for those who do it.
Non-fam payroll... Presidential press releases... News... Those things can shoot up an account, as well as crash an account... So, a good trader can make 500% with your money and give you 20%.
Don't condemn Forex. Pray for those who do it.
Forex has huge potential if you invest time to learn it, manage your emotions, and own a successful trader psychology.
Some persons have done this and they're helping people cash out. Do they lose? Yes! Do they win? Yes! With things like STOP LOSS you can control your loss.
Some persons have done this and they're helping people cash out. Do they lose? Yes! Do they win? Yes! With things like STOP LOSS you can control your loss.
Stop condemning people hustle! Stop saying don't invest there! It is risky but what isn't risky.
It is legitimate. So, I rather have a failed trader in the society than a thief or Yahoo boy.
It is risky, but its not bad! Good luck!
@threadreaderapp unroll @akeula_trendy
It is legitimate. So, I rather have a failed trader in the society than a thief or Yahoo boy.
It is risky, but its not bad! Good luck!
@threadreaderapp unroll @akeula_trendy
@tayooye Sir I discovered today that you blocked me from viewing your tweets. I'm sorry if I've offended you but I'll really love you read this thread.
I'll also like you to unblock me too. I've my disagreements doesn't mean that I don't learn a lot from your threads.
Thanks.
I'll also like you to unblock me too. I've my disagreements doesn't mean that I don't learn a lot from your threads.
Thanks.
