Hello Friends,


This is a continuation of my last article ,on how not to use stoploss and be an effective trader. I keep saying that studying this post is dicretionary..it isn't appropriate for everybody. In my previous post I mentioned those. This can be for traders who understand where they are in the Big picture of this tide of the market.To be precise this post is intended for traders who once they input the majority of their trades, they obtain their entry hit their stoploss first just for them so see exactly the exact same price after sometime go back to hit their take profit price and this happens to them frequently,in case you have been experiencing this, thenthis post is intended for you.

Forex isn't designed to frue anybody but the way we go about it is what puts us in trouble. If you don't want to utilize stoploss then there is a bigger price that you must cover ,a price even bigger than those using it but the fact is it pays at last. I am a FX trader from Nigeria I had to learn equity management. I had in the past made lots of dreadful mistakes and at a point I had been quiting but I had to ask myself. What is it that makes me different from a man who dresses up and goes to a Job daily. The answer is he is convinced of getting his cover. So I started researching . How can I create my platform a bank and not a condiut for outflow of money.

For a beginner , I had been a believer of the use of stoploss...I used to use them regularly. I shall make some fantastic pips , enter transactions and receive my entrance hit my stop loss. I reducing and was growing . .it was like I was like the market didn't want me to triumph....why does it keep hitting my stoploss.I know support and resitance prices but the one fact I didn't want to tell myself is that noone could predict the market with a 99% accuracy.... I will get struck just after some hours I shall see prices go to hit my TP price. I was able to conclude that utilizing stoploss was a manner of lossing my cash. It only slows the way ,the cash has been burnt but it will eventually get burntThis tells me that something has to be wrong somewhere.I now asked the question is there anyway I can trade safely with no stoploss and head to sleep or travel. I started examining it in my trades.

When it was in the past I do not see anything wrong in using a 0.1 or 0.2 lot trade an account of $1000

some ideas will cross my mind ; you are 90% sure of the trade use 0.3lot or 0.5 on a $1000 you may get more money with couple of pips

But today I cannot try this way because if you'd like to be among those who don't utilize stoploss and trade succesfully you cannot trade like this, in case you do,you will be worse than somebody who complains of the identical stoploss issue

This is it, to me it was very hard to accept.

An account of $1000 utilize no less than 0.01 lot and a maximum of 0.05 for every open position without having any stoploss.

If your entry doesn't give you profits immediately but negative values unwind ,don't add more trades when market price is 100 pips or 150pips from your entrance. Unwind I know it is painful to see rolling bye and you cannot enter a trade. Let your patience be the price you pay for every entry. If it will take 4days. WAIT, WAIT ,WAIT

Should you add more trades above your highest lot entrance when you are with an open position in profits or open position in losses then you are violating this rule .Then your not utilizing this method you are practising something different. Dont call Gods name in vain if anything else goes wrong.

Someone will say that this is crazy, why can I never enter more trades when prices will be 100pips off and'm sure price will retrace to my entry point. Thats is really where the problem begins by means of the system.When you try this until you know it you have more than the maximum pip dose. If you compute market will need to move about 2000pips unidirectionally before your account may get blown out and that's impossible but you won't enjoy this type of market tolerance should you boost your lot size beyond the one prescribed previously. For the man who always likes trading every oppurtunity he sees....This is what to do so you don't get in to trouble.

If you're using $1000 the maximum lot is 0.05
divide it into 5 parts if this is the only means you may use this method
0.01 0.01 0.01 0.01 0.01
you can utilize two during london and 3 during US or 3 Throughout london and 2 during US or Tokyo
or you may use them at your trade spaced interval but it should not be above 0.05

For an extremely certain trade use 0.05 at a stretch but on times where we've High effect news events such as unemployment, Nonfarm payroll please divide it and utilize at intervals.

Please be aware it is only when the amount of 0.05 placed trades have contributed profit that's when you input new sets of trades.
I understand exactly what'm speaking about ,there are times you will be tempted to simply take a chance but please dont. You will determine that you remain sane. If your doing this you may be confident to tell people who you are a trader. For an account of 5000 use 0.25 max

Do not be in any rush to close any position making losses wait and watch them come into yourside in the Future

Learn to classify your account to 2 phases SUPPORTING STAGE AND MATURITY STAGE I will elaborate more on this in my article