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Re: Why I Quit Forex!! by Nobody: 10:21pm On Sep 29, 2015
Karlebolu:



Why would you spend 30k, I mean good 30 Thousand Naira on something you can learn online for free ? That's the problem I have with Nigerians.



Still regretting why I learn it, and have never trade before.. Though i still have the manual ... Lol
Re: Why I Quit Forex!! by Karlebolu(m): 10:54pm On Sep 29, 2015
udemzy101:



Still regretting why I learn it, and have never trade before.. Though i still have the manual ... Lol

Anyways, my advice to you is that; don't be fooled by whoever told you you'll become a million within a month trading forex with little capital. See FOREX as a real life business whereby you rent an outlet and sell goods or render services because in the real sense, FX is not a get rich quick scheme, it's not easy and it's real. Don't get discouraged by those greedy fellows who wants to become millionaire overnight by trading higher lot sizes.


If you are still interested in forex and wish to learn more about FOREX the right way and this time around for free then I suggest you visit http://www.babypips.com, if not; then farewell.

2 Likes

Re: Why I Quit Forex!! by Nobody: 10:59pm On Sep 29, 2015
Karlebolu:


Anyways, my advice to you is that; don't be fooled by whoever told you you'll become a million within a month trading forex with little capital. See FOREX as a real life business whereby you rent an outlet and sell goods or render services because in the real sense, FX is not a get rich quick scheme, it's not easy and it's real. Don't get discouraged by those greedy fellows who wants to become millionaire overnight by trading higher lot sizes.


If you are still interested in forex and wish to learn more about FOREX the right way and this time around for free then I suggest you visit http://www.babypips.com, if not; then farewell.



Lol.... Forex ke, even if I have free money to spend I won't even think of using it to trade forex...

1 Like

Re: Why I Quit Forex!! by Nobody: 11:09pm On Sep 29, 2015
Fxwarrior:
I would have been a millionaire now if I had been saving up all the money I wasted in forex trading.
Many people don't appreciate the truth but the truth is forex trading psychology goes against how the human mind is wired.
You keep losing instead of quitting, you keep blaming yourself, your system etc

Nigerian ecurrency exchangers are the ones making it as they don't care to know(Do you blame them) what people patronising them do with the eccurency.

I see people (newbies) saying they want to learn forex asking how much they will make. Well as for me I've long moved on.
Forex is addictive, it took me years to finally say Goodbye to forex.

Learn from me and face other offline businesses where you see your money or lose thousands to come to my conclusion, your choice.

We saw a post how a couple made it through frying akara.Many youths will overlook it preferring forex, binary options, betting etc
A word is enough for the wise! Farewell to forex.

Op I know where you are coming from, I have been there, forex is 95% psychological and the rest the knowledge you acquire, the moment you understand that you will succeed in forex. I use 0.02 for every $500 max and I never risk more than 5% of my account. Once you trade like a pro and not like a gambler u make money. So sha bye and good luck to you .
Re: Why I Quit Forex!! by Nobody: 12:00am On Sep 30, 2015
grin grin grin grin grin bad money management...instead make u go use the money do correct business u go dey gamble on forex market...
Re: Why I Quit Forex!! by scopusng(m): 1:19am On Sep 30, 2015
The best chart to put into focus is the AUDUSD daily chart above, which is holding at support and dropping some bullish price action cues there.

We did have a bullish rejection candle with a bullish close, followed by a double inside day set which price did breakout, then reverse back up into (a breakout trap).

If price breaks the high's of this group of candles, we may see a move back to the resistance marked above

Re: Why I Quit Forex!! by scopusng(m): 1:23am On Sep 30, 2015
The best chart to put into focus is the AUDUSD daily chart above, which is holding at support and dropping some bullish price action cues there.

We did have a bullish rejection candle with a bullish close, followed by a double inside day set which price did breakout, then reverse back up into (a breakout trap).

If price breaks the high's of this group of candles, we may see a move back to the resistance marked above.

Re: Why I Quit Forex!! by amolak: 7:46am On Sep 30, 2015
udemzy101:




Lol.... Forex ke, even if I have free money to spend I won't even think of using it to trade forex...
No be by force

3 Likes 1 Share

Re: Why I Quit Forex!! by Nobody: 8:20am On Sep 30, 2015
amolak:
No be by force

Who be this one now?


I only take calculated risk Bro.... It's not about being negative
Re: Why I Quit Forex!! by toks208: 9:21am On Sep 30, 2015
Fxwarrior:
I would have been a millionaire now if I had been saving up all the money I wasted in forex trading.
Many people don't appreciate the truth but the truth is forex trading psychology goes against how the human mind is wired.
You keep losing instead of quitting, you keep blaming yourself, your system etc

Nigerian ecurrency exchangers are the ones making it as they don't care to know(Do you blame them) what people patronising them do with the eccurency.

I see people (newbies) saying they want to learn forex asking how much they will make. Well as for me I've long moved on.
Forex is addictive, it took me years to finally say Goodbye to forex.

Learn from me and face other offline businesses where you see your money or lose thousands to come to my conclusion, your choice.

We saw a post how a couple made it through frying akara.Many youths will overlook it preferring forex, binary options, betting etc
A word is enough for the wise! Farewell to forex.


I honestly agree with you on this and i mean 100% but then the truth is that the problem is not the forex business but the traders.

I have been in the fx business for about 5years now and yes i make a living training people mostly from outside the country through skype and i also provide signals to people who are ready to do business not gamble.

3 years into the business i realized quick enough that the problem is not the business itself but the approach and i will explain.

Like every other business, forex is not different but it is teh orientation that is the problem.I hear many jingles where they tell you that you can make 50% or 100% on invested capital monthly and i shake my head.

Many NIGERIANS KNOW THAT it is near impossible to sustain unrealistic profits on a monthly basis but if you decide to take it slow and realistically you can generate 10 to 15% steady and regularly in a sustainable way and that takes us to the second problem which is lack of trading capital.

If you look at many Nigerians who claim they trade forex,it will amaze you that many of them have very small equity like 100usd,500usd and very few can boast of 1000usd or more so tell me how 10 to 15% will appeal to such.

I have lost count of many Nairalanders who have contacted me regarding trading fx asking me to use my system trade for them and i simply ask them if they are ok with 10/15% average monthly return and they will eb like "no that is too small" and i tell them to do other businesses.

Another crazy factor is trading currencies manually. Many people still believe they can get hold of their emotions talking about greed or fear and this is why i designed a software to trade for my clients using the same manual method but integrated into an expert adviser and this system can conveniently generate 10/15% average returns each month without even teh trader doing anything.

I have tried to see how i can impove the profitability and im still looking at ways to do that and even the best i could go with high lot was over 1000% gain in 6months and you can see that here: https://www.myfxbook.com/portfolio/100-auto-trade-103040pips-lock/1091169

I dont believe in paper trading or wishful talks but i am 100% practical oriented.

In summary, any trader who is not ready to take it slow and take fx trading like regular business should never venture into it.

Your profit is proportional directly with your invested capital. 10/15% may look small if you trade with 1k but when you trade with 10k or more it will make sense.

This is my honest opinion about the matter.

5 Likes 1 Share

Re: Why I Quit Forex!! by showreals(m): 9:54pm On Oct 08, 2015
Forex Trading is Profitable.

Forex Business is also Profitable


Forex Trading is harder mastering then Forex business.

That is why we have more successful Brokers, Software sellers etc than profitable traders.

i started my journey in 2007,
Re: Why I Quit Forex!! by Nobody: 7:33am On Jul 23, 2017
Fxwarrior:
I would have been a millionaire now if I had been saving up all the money I wasted in forex trading.
Many people don't appreciate the truth but the truth is forex trading psychology goes against how the human mind is wired.
You keep losing instead of quitting, you keep blaming yourself, your system etc

Nigerian ecurrency exchangers are the ones making it as they don't care to know(Do you blame them) what people patronising them do with the eccurency.

I see people (newbies) saying they want to learn forex asking how much they will make. Well as for me I've long moved on.
Forex is addictive, it took me years to finally say Goodbye to forex.

Learn from me and face other offline businesses where you see your money or lose thousands to come to my conclusion, your choice.

We saw a post how a couple made it through frying akara.Many youths will overlook it preferring forex, binary options, betting etc
A word is enough for the wise! Farewell to forex.






U failed because h didn't get the right guidance.

Before u agree to pay someone to teach u, first look at him, his wrist watch, his clothes, he's car, etc......... A wealthy Forex trader can easily be spotted.

1 Like

Re: Why I Quit Forex!! by Fxmanager(m): 6:30pm On Jul 23, 2017
Visit the link below. You might be interested in what we offer. We promise a target of average 5%+ monthly profit on your investment. Funds in a secured licensed and regulated financial firm

https://www.nairaland.com/3901897/currency-trading-journal-target-avg
Re: Why I Quit Forex!! by Oluhills007: 5:54pm On Aug 07, 2018
toks208:



I honestly agree with you on this and i mean 100% but then the truth is that the problem is not the forex business but the traders.

I have been in the fx business for about 5years now and yes i make a living training people mostly from outside the country through skype and i also provide signals to people who are ready to do business not gamble.

3 years into the business i realized quick enough that the problem is not the business itself but the approach and i will explain.

Like every other business, forex is not different but it is teh orientation that is the problem.I hear many jingles where they tell you that you can make 50% or 100% on invested capital monthly and i shake my head.

Many NIGERIANS KNOW THAT it is near impossible to sustain unrealistic profits on a monthly basis but if you decide to take it slow and realistically you can generate 10 to 15% steady and regularly in a sustainable way and that takes us to the second problem which is lack of trading capital.

If you look at many Nigerians who claim they trade forex,it will amaze you that many of them have very small equity like 100usd,500usd and very few can boast of 1000usd or more so tell me how 10 to 15% will appeal to such.

I have lost count of many Nairalanders who have contacted me regarding trading fx asking me to use my system trade for them and i simply ask them if they are ok with 10/15% average monthly return and they will eb like "no that is too small" and i tell them to do other businesses.

Another crazy factor is trading currencies manually. Many people still believe they can get hold of their emotions talking about greed or fear and this is why i designed a software to trade for my clients using the same manual method but integrated into an expert adviser and this system can conveniently generate 10/15% average returns each month without even teh trader doing anything.

I have tried to see how i can impove the profitability and im still looking at ways to do that and even the best i could go with high lot was over 1000% gain in 6months and you can see that here: https://www.myfxbook.com/portfolio/100-auto-trade-103040pips-lock/1091169

I dont believe in paper trading or wishful talks but i am 100% practical oriented.

In summary, any trader who is not ready to take it slow and take fx trading like regular business should never venture into it.

Your profit is proportional directly with your invested capital. 10/15% may look small if you trade with 1k but when you trade with 10k or more it will make sense.

This is my honest opinion about the matter.
brother pls how can I contact you pls...let's talk ..we need to..

1 Like

Re: Why I Quit Forex!! by emeviks: 6:26pm On Aug 07, 2018
I have been trading forex as well since 2007. I have made a lot of profits and also lost same until I bought a reliable EA early this year which has been raking me profits on a daily basis .
Forex is indeed a great business if you trade with a very good EA. In the last three months I had to change brokers due to the massive profits i have been making .
Re: Why I Quit Forex!! by EzendiEgo1: 10:26pm On Aug 07, 2018
emeviks:
I have been trading forex as well since 2007. I have made a lot of profits and also lost same until I bought a reliable EA early this year which has been raking me profits on a daily basis .
Forex is indeed a great business if you trade with a very good EA. In the last three months I had to change brokers due to the massive profits i have been making .
shut up there

6 Likes

Re: Why I Quit Forex!! by atunjybabs: 9:50pm On Aug 08, 2018
hello, i saw your comment on nairaland . can i get your robot . how do i get it and how much. this is my phone number:09099367543 and email address :tejaybabs@gmail.com . thanks
Re: Why I Quit Forex!! by Christie171(f): 6:11am On Aug 10, 2018
emeviks:
I have been trading forex as well since 2007. I have made a lot of profits and also lost same until I bought a reliable EA early this year which has been raking me profits on a daily basis .
Forex is indeed a great business if you trade with a very good EA. In the last three months I had to change brokers due to the massive profits i have been making .
Pls, show us your 1 week or 1 month profitable trading activities and I'll surely suscribe to your EA.
Re: Why I Quit Forex!! by Christie171(f): 6:18am On Aug 10, 2018
Pls, show us your one week or one month trading activities, I'll surely subscribe to your EA. Thank you
emeviks:
I have been trading forex as well since 2007. I have made a lot of profits and also lost same until I bought a reliable EA early this year which has been raking me profits on a daily basis .
Forex is indeed a great business if you trade with a very good EA. In the last three months I had to change brokers due to the massive profits i have been making .
Re: Why I Quit Forex!! by naijanative: 6:27am On Aug 10, 2018
Fxwarrior:
I would have been a millionaire now if I had been saving up all the money I wasted in forex trading.
Many people don't appreciate the truth but the truth is forex trading psychology goes against how the human mind is wired.
You keep losing instead of quitting, you keep blaming yourself, your system etc

Nigerian ecurrency exchangers are the ones making it as they don't care to know(Do you blame them) what people patronising them do with the eccurency.

I see people (newbies) saying they want to learn forex asking how much they will make. Well as for me I've long moved on.
Forex is addictive, it took me years to finally say Goodbye to forex.

Learn from me and face other offline businesses where you see your money or lose thousands to come to my conclusion, your choice.

We saw a post how a couple made it through frying akara.Many youths will overlook it preferring forex, binary options, betting etc
A word is enough for the wise! Farewell to forex.

Trading forex, binary options are nothing short of gambling. People do work and make money online legitimately. However it's not for everyone.
Re: Why I Quit Forex!! by idopise0702: 10:31am On Aug 10, 2018
Bro u guys are making these negative statement abt fx because u refused to sit down and learn it the proper way.I burnt my acct at d beginning. BT I later went-in deeper and corrected d mistakes DAT caused my acct to be burnt ,sit down and learn but today fx is what is eat from.to me fx is d best.
PROPER MONEY management wit atleast70%strategy will take u to d top in fx.
I remained fx trader 4 life
Re: Why I Quit Forex!! by emeviks: 1:29pm On Aug 10, 2018
Here's my trading result for this august using the EA


Christie171:
Pls, show us your one week or one month trading activities, I'll surely subscribe to your EA. Thank you

Re: Why I Quit Forex!! by donsilas(m): 8:39pm On Sep 09, 2018
Are you like me who desire to trade currencies in the Foreign Exchange Market after considerable tutelage using Demo accounts but do not have capital to start or are not willing to risk personal fund, then this thread may help you.

I found a broker from my research that offers free $500 bonus and an additional $250 for each additional referral you bring.

If you are interested, follow this link to claim the bonus.

https://www.instaforex.com/bonus?x=GQZVZ

You have acces to your profit (i.e any money made asides the $500 after depositing $50 of your personal fund)

I started my journey on Monday September 3rd.

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