THE FIRST GRANT I RECEIVED IN THE STEEMIT PLATFORM AND MY LAST WEEK TRADING OF FOREX EXPERIENCE.

in hive-142140 •  4 years ago  (edited)
THE FIRST GRANT I RECEIVED IN THE STEEMIT PLATFORM AND MY LAST WEEK TRADING OF FOREX EXPERIENCE.

The write up is separated into two topics:
First topic: The first grant I received in the Steemit platform.
Second topic: My last week trading of forex experience.

Before I proceed to write about my good experience I will first say hello to the all curators and the founders of Steemit nursery. Based on my inquiries I came to understand that this Steemit nursery community is well kept for newbie into Steemit like me and that my time duration here at Steemit nursery is limited because once I stay upto 3 months and above I will be seen as an old Steemiant and not longer a newbie to Steemit again. Please I stand to be corrected if all I said is wrong and you know that I am still a newbie at Steemit digital economy or ecosystem, Right?

Now straight to the main business that says,

The First Grant I Received In The Steemit Platform:
In life there is nothing that happens by chance, meaning that all deed is backed by an action and action is a product of a targeted deed done. The action I am talking about is my first move to write my achievement 1 post in the Steemit ecosystem.

However, to cut the crap short, I made above 5 dollar on my introduction post and I am so much happy to receive the grant attached to my achievement 1 post. The grant to me is a big proof that all I heard before I join Steemit is truth, which also means that you will be paid with an original content of a post a Steemiant makes without any contain of plagiarism which Steemit authority holds firm to its highest degree without any fear of business interruption that comes in in the process of penalizing defaulters.

So far, I must confess with my whole heart that my first grant I received from Steemit platform is a great one. Although I am still on my best community search quest to see if I will find a community that will suit my person so that I will contribute my quota as to increase subsequent grants that is far bigger than my achievement 1 post adventure.

My Last Week Trading Of Forex Experience:
To be kindly my last week trading of forex experience was superb.

Meanwhile, before I begin to express my experience I will first briefly explain the below items:
(1) What is a forex?
(2) And what is forex trading?

I am doing this for the sake of the Steemian that is coming in-contact with the two items above for the first time. My mind is telling me that someone is reading this post at Steemit nursery. So, forex is not forestry domain as the word looks and sounds alike. Hahaha, no and not at all Dudes the two items have different meaning!

Forex:
Simply means an online exchange of currency.
Please remember that I told you that I will make this piece of information a brief one. Pardon me for that because forex itself is broadened and vast entity on itself. However, I will advise you to please consult the consent of google search engine to expand your knowledge if you wish to know more about forex and forex trading or I have to recommend you to keep on following my post, maybe I might be push to write about forex and its trading mechanisms extensively one day.

So to throw more light on the simple forex definition I said early is to say that in then days being at the primitive age, our fathers use to exchange money transaction in person to person exchanging of money of a thing. But now the primitive methods of exchanging money is now phase out and have been replaced with an online transaction method which is the betterment of the new era of computer age.

Thanks to the enormous innovations in the computer age we are today. Kudos.

Forex Trading:
Forex trading is an act of trading forex online.

Please pardon me to say this, I am not here to teach how to trade forex online as @bright-obia thought me how to use Steemit platform, just writing about the first grant I received in the Steemit platform and my last week trading of forex experience, or better still write me personally if you need my help to teach you how to trade forex or I will advice you again to keep following my post here on Steemit I might write about perfect forex trading strategy.

So to throw more light on the simple forex trading definition that I have just said early is to say that to trade forex online is an act that any interested person who wants to trade forex market must learn and acquire with the following processes as I did.
(1) You must attend forex trading class.
(2) You must have trading strategy.
(3) Lastly and not the list you must have trading indicator.

The above listen item is already in me so I am just putting up my weekly experience with Steemit and forex trading.

First, you attend forex trading class. I have attended forex trading class before I summon the courage to trade at the forex market. Please I will not tell you where I learnt my own act of trading forex. Hahaha, I am joking if you want me to tell you my fellow Steemiant I will tell you. Just pm me.

Secondly, you must have trading strategy. Trading forex with a defined strategy is a building block to a profit success in investment in the world of forex market. Remember I told you that forex trading is an act. So to ensure that you trade well you must know the following below as a trade strategy;
(1) Primary trend direction.
(2) Breakout.
(3) Supporting and resistance level and etc.
See, there is one thing in forex trade. Forex trade is good because it is flexible in its movement pattern so with a strategy backing up with the listed item will guide a trader to review its trading strategy from time to time since if the trend is downward we say selling and upward we say buying in forex trading slogan. So,

Primary trend direction:
Remember trading of forex is an act. Being said so, so far, primary trend direction is to know where the trend is going. Please see diagram explanation.

trend direction page 1.jpg

The above trend direction seen in the diagram denotes where the trend is going. You can see the red arrow that is at the bottom and the one at the top indicates that the trend is going up.

Breakout:
A breakout is an increase in price within an equal high and low of resistance and support level.
Please see diagram explanation below.

breakout page 2.jpg

The above diagram denotes where the price breakout within an equal high and low of a resistance and supporting level. The process is called breakout in the forex slogan. The red line in that diagram is call resistance level while the blue line is called support level. Then the last is the red circle being where the price happens to breakout for an upward trend move at the part of resistance level.

Supporting and Resistance Level:
To me Support and Resistance level are two ball games all together, so to me I am to separate them for clearer understanding.

Supporting level is where a decline price stopped before price rise. (see diagram)

supporting level page 3.jpg

The diagram show what I might by supporting level.
Watch closely you will see the blue line that speaks volume on the decline price before price rising. The supporting level is having two arrows, please watch you will see the two arrows. One is the last bar of the declined trend limit while the next two is the rising trend in progress.

Resistance level is where a rising price stopped before price declined. (see diagram)

resistance level.jpg

The diagram show what I might by resistance level.
Watch closely you will see the red line that speaks volume on the rising price before price declining. The resistance is having two arrows, please watch you will see the two arrows. One is the last bar of the rising trend limit while the next two is the declining trend in progress.

Lastly And Not The List You Must Have Trading Indicator. Trading indicator is what tells when market is trending or breakout or supporting and resistance level and etc. However, due to my years of experience in forex I developed a program called Parrot. See my mt4 trading platform diagram.

my gold mt4 platform setup with parrot indicator 5.jpg

The diagram is my trade setup. That indicator dialog-box at the above diagram displays trades signal to me in numbers, then with the number and alert alarm signal tells me the market next move. See the diagram of excel format of the signal report below.
my gold signal report excel format 6.jpg

The two aforementioned Parrot indicator diagram signals, tells the current market situation to me. With the signal my approach to trading forex becomes so simple and abcd.

My concentration for the last week was on GOLD because GOLD is among the top mover. It registered above 20000 point for last week; then times it by 5 is equal to 100000 point a month. With this some of my undisclosed trading strategy for the month is achieved hence there are lots of component I considers on my trading strategy.

In conclusion:
To find time to write my first achievement 1 post was a big issue at first, though I summon courage to write it all because I did not have much time to do the reason and to writing bulabulabula things. But since I have gotten a good reason that if I write I will receive a grant then I will try to put out time to write to receive a reward just as I have gotten a grant that is above 5 dollar in my introduction post. I am happy to receive a grant in my achievement post. Next, trading forex is a sweet task and good craft to learn as I think I did. So my last week experience in the forex market is good to write home about of which I tried to pen down at Steemit nursery.

Thank you for finding time to read my post. Please you are free to read my post and share link provided it is in-line to Steemit rules all to the betterment of Steemit and Steemians.

Thank you all.

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