A LESSON ON LOT SIZE, RISK MANAGEMENT AND POINTS CALCULATION FOR THOSE TRADING VOLATILITY INDICES
(BINARY)
#newbie#
On a 0.001 lot 1000 points is $1
On a 0.002 lot 1000 points is $2
On a 0.003 lot 1000 points is $3
And so on
For example
If your entry price is 480000
+1000 points is 481000
Understand?
Thus, A buy from 480000 to 481000 on a lot of 0.001 would give you $1
For Accounts less than $100,
For a Buy;
use a 0.001 Lot , SL should be entry price - 5000
For a sell;
SL should be entry price + 5000
Note
You don’t exit a trade because it’s negative, risk to reward ratio 1:3 means I’m risking $5 to make $15 so if it hits SL that’s what I was willing to risk.
(BINARY)
#newbie#
On a 0.001 lot 1000 points is $1
On a 0.002 lot 1000 points is $2
On a 0.003 lot 1000 points is $3
And so on
For example
If your entry price is 480000
+1000 points is 481000
Understand?
Thus, A buy from 480000 to 481000 on a lot of 0.001 would give you $1
For Accounts less than $100,
For a Buy;
use a 0.001 Lot , SL should be entry price - 5000
For a sell;
SL should be entry price + 5000
Note
You don’t exit a trade because it’s negative, risk to reward ratio 1:3 means I’m risking $5 to make $15 so if it hits SL that’s what I was willing to risk.
All our services are still available, send a DM TO @tradewithbolu if you're interested in any of them
We are exactly 30 people from hitting 500 subscribers.
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Thank you so much!
Tradewithbolu is so grateful.
Once we reach 500 subscribers.
We will be offering some discounts on all our paid services.
You can invite your loved ones using this link
t.me/basicforextraining
🙈🙈🙈😱😱😱
Thank you so much!
Tradewithbolu is so grateful.
Once we reach 500 subscribers.
We will be offering some discounts on all our paid services.
You can invite your loved ones using this link
t.me/basicforextraining
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THE BOLU OKUNADE CHANNEL!
Welcome to the Bolu Okunade Channel!
It's our desire to see you take active steps towards acquiring limitless wealth.
Therefore, expect daily financial tips and many more from this channel
It's our desire to see you take active steps towards acquiring limitless wealth.
Therefore, expect daily financial tips and many more from this channel
All the long nights and early hours of learning and practice, the countless losses, losing at the moment when you thought you had it right, hitting rock bottom, the feelings that trading just isn't for you, the backlash from people who doubted your potential (even your own family), the people who laughed at your struggles and hurled insults at you, the prayers which didn't seem to be answered, the perseverance and persistence to keep on going no matter how tough times were because you know that only you can change your situation for the better, will all be worth it in the end.
All these things will make the success feel very real and no one will take that away from you. Don't forget to be grateful to those who helped you and guided you along the way, whether it was negatively or positively.
Those who have been through this and gotten their breakthrough, cheers and congratulations, you deserve every part of the success and freedom you have attained. Those who are still in the process, don't give up, I beg you to keep pushing. Your time is coming. Trust it.
I thank you for hanging in there with all the odds stacked against you. I thank you for persevering because you want to change your situation, your family's situation and your kid's situations, for the better. I thank you for continuing to give it your all even after experiencing the pain that comes with trading. Keep on pushing, one day your efforts will definitely pay off.
I'm thanking you now, tomorrow you'll be thanking yourself.
God bless you all🙏🏾
All these things will make the success feel very real and no one will take that away from you. Don't forget to be grateful to those who helped you and guided you along the way, whether it was negatively or positively.
Those who have been through this and gotten their breakthrough, cheers and congratulations, you deserve every part of the success and freedom you have attained. Those who are still in the process, don't give up, I beg you to keep pushing. Your time is coming. Trust it.
I thank you for hanging in there with all the odds stacked against you. I thank you for persevering because you want to change your situation, your family's situation and your kid's situations, for the better. I thank you for continuing to give it your all even after experiencing the pain that comes with trading. Keep on pushing, one day your efforts will definitely pay off.
I'm thanking you now, tomorrow you'll be thanking yourself.
God bless you all🙏🏾
3 simple Rules of Market Analysis
1. Always do top-down Analysis
Start your analysis from a higher timeframes to be part of the anticipators not the participants
2. Dont ignore fundamentals
Economic news are the ones that move the market significantly. Taking advantage of news in your Analysis can help a lot.
3. Price Action not Line Analysis
Price won't respect your lines drawn in your chart. It's not about price bouncing on line but its about the structure, the details action of the price.
Its not just waiting for price to bounce on support but we at How the price approach, react and behaves.
1. Always do top-down Analysis
Start your analysis from a higher timeframes to be part of the anticipators not the participants
2. Dont ignore fundamentals
Economic news are the ones that move the market significantly. Taking advantage of news in your Analysis can help a lot.
3. Price Action not Line Analysis
Price won't respect your lines drawn in your chart. It's not about price bouncing on line but its about the structure, the details action of the price.
Its not just waiting for price to bounce on support but we at How the price approach, react and behaves.
Stopped out at break even....hope you took partials...send your profits
Hello!
Good day traders and traders to be 😂.
I am delighted to have you here!
A big welcome to all our new members.
This should give you a correct guide on how to get started
1. If you're new to forex trading, you'll need to create your trading account. I recommend hotforex, kindly sign up using this link.
https://www.hotforex.com/?refid=338043
Set your base currency to USD and if you see a space for introducing broker, please type 338043. Then create a Demo account. This would be used to practice before making real money.
If you are based in the U.S Or Canada, kindly use this link to create your own forex account.
https://my.myfxchoice.com/registration/?refer=289567
2. You will need to create a deriv account to trade volatility indices.
Kindly use this link
https://track.deriv.com/_sN-3OV9fMWRBMfcXPt5VjGNd7ZgqdRLk/1/
3. Once you have done the above, you can access the videos of the past webinar using this link. These videos take you from a point of knowing nothing in forex up till a point of being able to trade with a basic strategy on both forex and volatility indices.
https://drive.google.com/open?id=1Tv6OPxTCHeysGCVZhp0JQW-G5vXA7Mv6
4. Practice on your demo, gain mastery, master your psychology, and then you can choose to trade with real money, or proceed to our professional class to learn even more advanced/accurate techniques.
Please don't just leave if you're confused or lost. 😢😢. Send a DM to @basiudoh we have a dedicated instructor for you, who will guide you through, and handhold you on your path to financial freedom
Good day traders and traders to be 😂.
I am delighted to have you here!
A big welcome to all our new members.
This should give you a correct guide on how to get started
1. If you're new to forex trading, you'll need to create your trading account. I recommend hotforex, kindly sign up using this link.
https://www.hotforex.com/?refid=338043
Set your base currency to USD and if you see a space for introducing broker, please type 338043. Then create a Demo account. This would be used to practice before making real money.
If you are based in the U.S Or Canada, kindly use this link to create your own forex account.
https://my.myfxchoice.com/registration/?refer=289567
2. You will need to create a deriv account to trade volatility indices.
Kindly use this link
https://track.deriv.com/_sN-3OV9fMWRBMfcXPt5VjGNd7ZgqdRLk/1/
3. Once you have done the above, you can access the videos of the past webinar using this link. These videos take you from a point of knowing nothing in forex up till a point of being able to trade with a basic strategy on both forex and volatility indices.
https://drive.google.com/open?id=1Tv6OPxTCHeysGCVZhp0JQW-G5vXA7Mv6
4. Practice on your demo, gain mastery, master your psychology, and then you can choose to trade with real money, or proceed to our professional class to learn even more advanced/accurate techniques.
Please don't just leave if you're confused or lost. 😢😢. Send a DM to @basiudoh we have a dedicated instructor for you, who will guide you through, and handhold you on your path to financial freedom
Ready to increase your earnings. Skyrockey your profits...... Do you want to be able to trade the markets yourself. Then the professional course is for you. Send a DM to @tradewithbolu to enroll