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1  Economy / Trading Discussion / Re: The Importance of Having a Trading Mentor on: September 21, 2024, 05:05:19 PM
If you are new to trading, especially crypto trading, don’t go it alone. I learned this very late.

Having a mentor in trading is crucial because they provide guidance, share valuable experience, and help you avoid common mistakes. A mentor can accelerate your learning process, offer objective feedback, and help you navigate the emotional aspects of trading, ultimately increasing your chances of success.

Having a mentor in trading does not guarantee profitability in trading. But having a mentor who have wealth of experience can aid your success in trading. Because after he might have thought you what is knows, it does not mean that you will be profitable and that market will respect your positions, trading  is a psychological thing and your  personal development is  essential. Trading involve risk because of volatility of the market, so proper risk management and psychological check is the real deal.
2  Local / Politics and society (Naija) / Re: Tinubu campaign don start oo on: September 21, 2024, 04:53:45 PM
With the way Nigeria economy is declining  everyday  Tinubu might not even see anybody he will govern by 2027. A country were  Fuel price  is at 1400, price of food items na no go area. Insurgency for some northern state, na die hard. But Nigeria is a very funny country close to election politician will buy the heart of  the peoples with bags of rice and 10k then after they have finish eating the rice within a month. They will still continue in the suffer.  Personally I don't think Tinubu will win in 2027. Because everything is against him .
3  Economy / Trading Discussion / Re: advice for a beginner on: September 14, 2024, 11:57:28 PM
In general you have to cultivate the mindset that trading is is not a get rich quick scheme. You should also invest what you can afford to loss as trading involve risk due to volatility of the market. More so invest in getting more knowledge and perfecting your executions. Proper training and mentorship is key as a beginner. Invest in knowledge do proper backtesting and do your own research. Understand proper risk management.
4  Economy / Trading Discussion / Re: What motivates you as a trader? on: September 14, 2024, 11:48:40 PM
My best motivation is the freedom trading offers from the regular 9-10 hours jobs . The money, the time and most especially my inner satisfaction and peace as I passionately love trading. Trading  have help to build my patience level and tolerance.
5  Economy / Trading Discussion / Re: Why I think trading is no different from Gambling! on: September 14, 2024, 04:05:13 PM
For sure gambling and trading have same similarities and features, because we both loss money gambling and trading. But on a long run trading is more recommended and exceptional than gambling in terms of patterns and risk management. Take soccer  prediction for example after proper analysis with head to head for previous matches who you think will win will still loss. But in trading certain patterns always repeat itself and are highly probable such has head and shoulders, double top and  bottoms, pennant, and trend lines.  But gambling is so hopeless and delusional.  So I think proper training and mentorship  is require in trading is not a get rich quick scheme
6  Economy / Trading Discussion / Re: What is the best way to profit from trading only one cryptocurrency pair? (2) on: August 25, 2024, 12:13:16 AM
Trading one crypto pair helps to increase profitability, because it helps you to master and understand the price movement, Psychology and market dynamics of the pair in terms of price point. It help increase the chance of high probability setup and with good risk management strategy you can enter multiple positions and can also use high leverage depends on what you are willing to loss.
7  Economy / Trading Discussion / Bloomberg and Reuters OR Forex factory and Myfxbook on: August 20, 2024, 05:43:18 PM

As an experienced fundamental trader in a wide scope effective fundamental trading relies on accuracy of informations and real time  data, so these tools must be use wisely, as they offers extensive financial news and coverage of real time market data.

Bloomberg and Reuters are unique and well established financial news agencies know for providing real time news globally and indepth analysis such as strength and correlation for forex, stocks, commodities and bonds.

They are mostly used by professional traders, investors and institutions.

Forex Factory and Myfxbook are also news platform for economic calenders, real time data and trading discussion.

It is the best option for retail traders and newbie. They are beginners friendly.
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