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No. 1 Reason Nigerians fail in the FOREX market

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NIGERIANS APPROACH FOREX LIKE A GAME AND NOT AN INVESTMENT Forex trading is an investment and not a game. Forex is not bet, neither is forex a ponzi scheme. A lot of the traders in Nigeria approach trading the same way they approach Bet Naija. They jump into the market because their instinct says its going up or its going down. This is one of the mistakes I made earlier in my trading career. I lost fortune in the forex market in 2006 because at that time forex was a game to me, and not an investment. In 2006 I funded my account with $1000 and I entered a EURJPY trade. I actually funded my account with $1000 because I made about $80 the previous day on a $50 account. The more critical part of the incidence was that I borrowed the $1000 to double it the next day and pay back the $1000. So I did the same thing I did the previous day and entered a sell on eurjpy. I only entered the trade because Bollinger band SMA told me to. I came back 1 hour later hoping to see $1500 or more in m...
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USDCAD Expected Direction for 12/02 to 16/02 2018

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A look at the daily TimeFrame of the USDCAD have some very powerful information to display. firstly between 1st May 2017 to 5th September 2017, the 1-5 waves were completed as can been seen from the picture below. Shortly after, the ABC corrective wave started on 6th September 2017 and successfully corrected until 1st November 2017. which can also be seen in the picture below... Afterwards, the price continued in a range and finally broke out of the range with the candle of 27th December 2017. check out the picture below to see that...... Meanwhile i followed the sell wave from wave 3 down to wave 5... with so much pips banked in my account..... Smilling. Then on Friday last week, i notice the market form a harmonic pattern..(Non really good with Harmonics though), and signalling a bearish movement.... Maybe Temporally.. When the market closed on Friday, 9th February 2018, I noticed the days candle closed as a Reversal Pin Bar...I predicted the market will close a...
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