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deucher
deucherActive Contributor
Asked: April 26, 2024In:

Everyone should choose the one that will be the most comfortable for him, because you should not strive for a large leverage, because this way you can lose money much faster, and to begin with, you need to use no ...Read more

Everyone should choose the one that will be the most comfortable for him, because you should not strive for a large leverage, because this way you can lose money much faster, and to begin with, you need to use no more than 5x. I have been trading for quite some time now so I use 10x and have no plans to increase

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  1. spencer
    spencer Enlightened Mentor

    This is a tricky question, and there are different ways you can tackle it, there are a lot of people that have a risk appetite and they can stomach a lot of risk, they are willing to risk their money to make money and for this type of people, it's a no no to use high leverage. Another aspect to lookRead more

    This is a tricky question, and there are different ways you can tackle it, there are a lot of people that have a risk appetite and they can stomach a lot of risk, they are willing to risk their money to make money and for this type of people, it’s a no no to use high leverage.

    Another aspect to look at is the conservative people that are not risk averse, they are not going to use excess leverage and they’re going to risk very little, so to each his own.

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deucher
deucherActive Contributor
Asked: April 26, 2024In:

It’s no secret that when important news comes out, the price starts to move very strongly in one direction. I tried to use such moments, but it is very difficult to guess in which direction the price will move and ...Read more

It’s no secret that when important news comes out, the price starts to move very strongly in one direction. I tried to use such moments, but it is very difficult to guess in which direction the price will move and then open a position in writing because such a movement is very short-term

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  1. Redditcat1
    Redditcat1 Active Contributor Digital marketer

    Let me tell you something if you are trading the financial markets this is what you need to do when the news is released, first use the price action indicator and check if you have a clear signal.Use trend line if you are trading forex compare several indicator of the news is either high or low impaRead more

    Let me tell you something if you are trading the financial markets this is what you need to do when the news is released, first use the price action indicator and check if you have a clear signal.Use trend line if you are trading forex compare several indicator of the news is either high or low impact news.

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Tered
TeredNewcomer
Asked: August 4, 2025In:

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  1. Avarose
    Avarose Enlightened Mentor

    If you’re in Nigeria and want to trade forex, I’d say MetaTrader 4 (MT4) is still one of the best apps it's easy to use and trusted by a lot of brokers. MetaTrader 5 (MT5) is good too if you want extra features. Some people also like Pocket Option or IQ Option because they’re simple and beginner-friRead more

    If you’re in Nigeria and want to trade forex, I’d say MetaTrader 4 (MT4) is still one of the best apps it’s easy to use and trusted by a lot of brokers. MetaTrader 5 (MT5) is good too if you want extra features. Some people also like Pocket Option or IQ Option because they’re simple and beginner-friendly. Just be careful to use brokers that are regulated to avoid scams. And honestly, forex trading can be risky, so start small and take time to learn before you dive in fully.

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Ahmedo24
Ahmedo24Newcomer
Asked: August 10, 2023In:

No doubt, cryptocurrency assets are volatile but despite this people are heavily investing in them and also trading them to make money. I am aware people also lose money, especially in futures trading which is termed to be risky. However, people ...Read more

No doubt, cryptocurrency assets are volatile but despite this people are heavily investing in them and also trading them to make money. I am aware people also lose money, especially in futures trading which is termed to be risky.

However, people on Youtube, telegram and other social media platforms share their earning proof with different strategies. Can you share with me any working strategy that can help me make money from futures trading either on Binance, Kucoin or any other exchange platform?

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  1. Svishok
    Svishok Expert Mind

    Making money from futures trading involves speculating on the price direction of an underlying asset, like commodities, currencies, or indices, at a predetermined future date. Traders can profit from both rising and falling markets. By taking long positions (buying) when anticipating an asset's pricRead more

    Making money from futures trading involves speculating on the price direction of an underlying asset, like commodities, currencies, or indices, at a predetermined future date. Traders can profit from both rising and falling markets. By taking long positions (buying) when anticipating an asset’s price will increase, or short positions (selling) when expecting a decrease, traders can profit from price movements. Successful futures trading requires thorough market research, technical and fundamental analysis, risk management, and a disciplined approach. Due to the leverage involved, potential profits are magnified, but so are potential losses. It’s crucial to educate yourself and consider using demo accounts before trading with real capital.

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Crystal
CrystalKnowledge Seeker
Asked: September 21, 2023In:

Would BTC going to be traded forever or would it stopped.? Did you think such a thing can happen.? I mean BTC to stop movement.    

Would BTC going to be traded forever or would it stopped.?

Did you think such a thing can happen.?

I mean BTC to stop movement.

 

 

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  1. Precious
    Precious Knowledge Seeker KIDI CARE

    I have never think of such situation to happen in the crypto currency field, beside I can't really predict the future of crypto currency as the market is still functioning and interested to individual. Crypto currency has become people source of income which enable individual earn income through onlRead more

    I have never think of such situation to happen in the crypto currency field, beside I can’t really predict the future of crypto currency as the market is still functioning and interested to individual.

    Crypto currency has become people source of income which enable individual earn income through online, so it’s unlikely impossible to stop trading crypto currency.

    The regulation to trade crypto currency may change but trading will continue as it’s show positive impact to the society.

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eldavis
eldavisEnlightened Mentor
Asked: August 6, 2025In:

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  1. Brumi Kom
    Brumi Kom Newcomer

    New forex traders often lose money because they jump in without a plan, overtrade, or let emotions take over. These rookie mistakes can wipe out accounts fast—especially in volatile markets like EUR/USD or GBP/JPY. Let me share what I’ve seen beginners in Nigeria do wrong on platforms like OctaFX, DRead more

    New forex traders often lose money because they jump in without a plan, overtrade, or let emotions take over. These rookie mistakes can wipe out accounts fast—especially in volatile markets like EUR/USD or GBP/JPY.

    Let me share what I’ve seen beginners in Nigeria do wrong on platforms like OctaFX, Deriv, or Exness:

    1. Trading without a strategy
    Many newbies just open trades based on gut feeling or a random YouTube signal. If you don’t have a tested plan (e.g. price action, support/resistance, or RSI setups), you’re gambling, not trading.

    2. Overleveraging the account
    Platforms offer 1:1000 leverage, but that doesn’t mean you should use it. One wrong move and your ₦50,000 account is gone. Keep leverage at a reasonable level like 1:100 or less until you’re skilled.

    3. Ignoring risk management
    Risking half your account on one trade is suicide. Smart traders risk 1–2% per trade. Use stop-loss. Always.

    4. Chasing trades / revenge trading
    After losing a trade, don’t try to “win it back” immediately. This emotional trap turns small losses into disasters.

    5. Not using a demo account
    Many skip demo trading and head straight into real accounts. That’s how you lose real money while still learning. Demo first for at least 3 months.

    6. Trading news blindly
    Yes, economic news moves the market fast—but it’s not for beginners. Many get blown out by NFP (Non-Farm Payroll) or CPI data spikes they didn’t understand.

    7. Overtrading / Trading every hour
    You don’t need to trade every day to be profitable. Pick quality setups, not quantity. Patience makes you money.

    Reality check:
    Forex is not a daily ATM. If you think it’s a quick money scheme, you’ll fund the brokers instead of withdrawing profits. Learn, practice, then scale up slowly.

    Challenge yourself:
    Can you go one whole week on demo trading with consistent rules and no revenge trades? If not, you’re not ready to go live.

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deucher
deucherActive Contributor
Asked: April 26, 2024In:

This is a fairly popular but not effective trading method when a trader opens a deal thanks to the signals of an indicator that signals whether to sell or buy. When I started my journey in trading, I also studied ...Read more

This is a fairly popular but not effective trading method when a trader opens a deal thanks to the signals of an indicator that signals whether to sell or buy. When I started my journey in trading, I also studied these indicators, but they are not effective, so I do not think that it should be taken seriously. What is your opinion?

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spencer
spencerEnlightened Mentor
Asked: June 8, 2024In:

As a trader, building a bot will help you tremendously in automating your trading activities, you don’t have to enter manually or monitor a trade, what are the skills needed to build a trading bot?

As a trader, building a bot will help you tremendously in automating your trading activities, you don’t have to enter manually or monitor a trade, what are the skills needed to build a trading bot?

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spencer
spencerEnlightened Mentor
Asked: April 23, 2024In:

A bull run is an opportunity to make money in the crypto market, that’s when most people make money in the crypto space, what are the things to look out for for a bull run?

A bull run is an opportunity to make money in the crypto market, that’s when most people make money in the crypto space, what are the things to look out for for a bull run?

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