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Nairaland Forum / Nairaland / General / Romance / my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone (12789 Views)
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Re: my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone by austine4real(m): 8:18am On Jun 07, 2020 |
palsenator: Thanks again |
Re: my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone by peeps4u: 8:30am On Jun 07, 2020 |
Daniel058: Yes, 50% win can give you profit with good management. You actually dont have to risk more money than what you expect to make as a profit. Say you risk 10 pips as your SL and 20 pips as your TP, if 50% of the trades hit SL and TP each, you will surely end in profit. Meaning if 5 trades hit TP, you have 100 pips, 5 trades hit SL, you lose 50 pips. You make 50 pips from 50% loss. The rule is that dont risk more pips than the pips you intend to gain from a trade This is what many that Go into forex don't know and they end up blowing their acct and blame forex 1 Like 1 Share |
Re: my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone by Nobody: 8:36am On Jun 07, 2020 |
austine4real:let's talk on whatsapp. |
Re: my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone by Daniel058(m): 8:41am On Jun 07, 2020 |
peeps4u:that's R:R 1:2 , Nice!! |
Re: my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone by Demariz(m): 8:48am On Jun 07, 2020 |
People who couldn't handle their greed and emotions will call forex a scam,the excitement of being a millionaire quick blindsighted them,they couldn't manage their risk and basically don't have a good training. Bro ask your girlfriend for the details of the company she invested with,that is if its a company. |
Re: my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone by echibuogwu(m): 8:58am On Jun 07, 2020 |
austine4real:u are a really bad trader and it clearly shows from ur screenshots, u shouldn’t be loosing more than 1% of ur money in any trade. Bro don’t rush into forex, calm down and learn it very well. |
Re: my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone by echibuogwu(m): 8:59am On Jun 07, 2020 |
austine4real:
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Re: my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone by Effulgent(m): 9:05am On Jun 07, 2020 |
Help2020: yeah I agree but let's assume you risk 10% of your capital on every trade you take, you will always be stopped out of the market if any small pull back happens before going your way (of course you know not every trade goes to profit directly)... So in the long run, loss might overwhelm profit because you will always want to use a tight stop loss |
Re: my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone by peeps4u: 9:19am On Jun 07, 2020 |
[quote author=echibuogwu post=90397305][/quote] This is a live acct for those asking for proof |
Re: my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone by Satan66(m): 9:35am On Jun 07, 2020 |
austine4real:Nice man Patience is the key I was losing about 30 dollars but I waited. The next day that same 30 dollars I was losing, I suddenly gained 20 |
Re: my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone by saxy4c(m): 9:35am On Jun 07, 2020 |
The least recommended 1:2. Daniel058: 2 Likes |
Re: my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone by Help2020: 9:40am On Jun 07, 2020 |
Effulgent:You don't risk 10% per trade,that's suicide mission.. |
Re: my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone by greenskittles: 9:45am On Jun 07, 2020 |
Weedsmoker:Logged in to post the same thing with two accounts. Lol. |
Re: my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone by greenskittles: 10:05am On Jun 07, 2020 |
GeneralPula: EDIT: I initially didn't intend to type this much. Haha Cc tellsblinks Change that number to 97%!! Here's the different classes of "Forex traders" you mostly see. 1. 419/Scammers. They don't know shit about Forex, and they get screenshots of a few good trades, then lure you to "invest" with them. Then they disappear with your money. 2. Forex "teachers". These guys are amateurs themselves. They also know next to nothing about Forex. Well that's a bit harsh. They know the basics but not enough to make profitable earnings. So they recruit "students" and teach them the basics. This information could've been gotten free online, but since humans like having a mentor to look up to, they prey on that ignorance and teach them less than their "school fees" worth. Occasionally, the teacher makes a good trade, and screenshots it to "motivate" their students. But if you actually look behind the scenes, this teacher is running an overall loss or is just managing to break even. 3. Forex + MLM. MLM stands for Multi Level Marketing, i.e pyramid schemes. The only difference here is that unlike popular pyramid schemes like MMM, they're selling a "product"- forex lessons. This "product" is nearly useless as well, and has as much value as the lessons from number 2 above. However, entry into these "schools" is much more expensive than the schools described in number 2, because they claim to have a "premium service". And their evidence is more convincing, because students of these schools actually make money. However, the money these people are making is mostly from the pyramid schemes. They make almost nothing from forex trading. 4. Forex robot sellers: These are programmers with decent knowledge of statistics and programming. They write algorithms with R or Python, develop automated trading software, and sell. These software are not really reliable, because most times they don't put much effort into their development. For those who are mathematics inclined, it's like using lagrangian interpolation to make predictions for a set of values that clearly follows a logarithmic pattern. Sure, it'll converge under certain conditions (and turn a profit), but most times it'll fail. The sellers of these cheap robots never use them themselves. However, big shots, bigwigs in the financial industry also make their own forex robots to trade. Dudes like Warren Buffet for example probably have tens or even hundreds of mathematics PhD holders creating reliable models that help him trade and make money for him in his sleep. 5. Forex investors, these guys have (usually large) sun's of money but can't be bothered to trade themselves, so they place the money in investment accounts and hire someone else to trade for them. In exchange, the person doing the trading gets a commission. There are a lot of scammers on this route too, but there are reliable traders as well, hard to find though. 6. Lastly, the legit forex traders. These guys have done an immense amount of personal study, have lost money learning (to become a good trader, there's no way you won't lose money). And have perfected their strategy and now are making good money, enough to earn a living. This is like 1-2% of all traders. Then maybe about 0.1% actually become millionaires from it making incredible sums. Nobody can really teach you this. All the resources are available on the internet. There are books, videos, and everything, but it's something you have to learn from experience. A good starting point is babypips school of pipsology. I'm a beginner myself. I used to be really interested in financial markets but I'll be starting my Masters soon so won't have time to study as much as I like. If you have the mental strength, and patience, and really want to be a forex trader, the truth is nobody can really teach you. Forex trading without education and experience is no different from sports betting. 6 Likes |
Re: my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone by Help2020: 10:07am On Jun 07, 2020 |
Pious101:+233558408645 |
Re: my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone by SavageResponse(m): 10:17am On Jun 07, 2020 |
Daniel058: You people will just be lying anyhow in public! When did these people you mentioned ever tell you that they made their money through forex trading?! 1 Like |
Re: my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone by Nobody: 10:19am On Jun 07, 2020 |
tellsblinks: The question Mr Man ask you all have deviated from it. From the comments it can be a scam but you just have to wait till the end of the month and someone pointed he knows the guy. If I were you I will contact the poster so he can tell me more about leofx. |
Re: my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone by Daniel058(m): 10:22am On Jun 07, 2020 |
SavageResponse: Argue only when you know what you re saying
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Re: my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone by SavageResponse(m): 10:23am On Jun 07, 2020 |
BadRadio: Please go to this thread and answer the question there if what you say is true https://www.nairaland.com/5889914/it-possible-survive-only-profits |
Re: my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone by Simplecity(m): 10:24am On Jun 07, 2020 |
austine4real:when where these trades placed? |
Re: my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone by Daniel058(m): 10:26am On Jun 07, 2020 |
GeneralPula: |
Re: my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone by Simplecity(m): 10:30am On Jun 07, 2020 |
Help2020:No prove anything to dem leave those noise makers who out of desperation did forex cause it looked like a get rich quick scheme without even learning the fundamentals ...the forex wey dem dey insult dan chop their money go leaving them helpless and useless na why i like am....its a no nonsense thing...make sure the money you dey put inside na money wey you fit throw away 1 Like |
Re: my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone by Simplecity(m): 10:35am On Jun 07, 2020 |
Satan66:dah 24hrs could also be a death wish forex is no respecter of man....its best he put a SL and a TP in case anything sup.....it better to lose 10usd than lose 300usd 2 Likes |
Re: my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone by Simplecity(m): 10:38am On Jun 07, 2020 |
austine4real:Trading on emotion NUMBER 1 thing every teacher warns against no wonder you dan blow the account......and am sure you never even sabi when to trade, where to trade , currency pairs to trade at a particular given time....guy you need patience o ....without it you become father christmas to Forex and what forex takes ...HE NEVER GIVES BACK!! |
Re: my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone by Nobody: 10:39am On Jun 07, 2020 |
SavageResponse:am I supposed to prove a point to you? The answer is NO ! |
Re: my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone by Help2020: 10:39am On Jun 07, 2020 |
Simplecity:That's it. |
Re: my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone by Simplecity(m): 10:42am On Jun 07, 2020 |
Help2020:18years!!! Senior Officer Commander Marshall!! .....please slap me with your trading strategy i have been jumping form one strategy to another like olsho |
Re: my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone by Help2020: 10:47am On Jun 07, 2020 |
Simplecity:Lol.I use wykcoff UPTHRUST,SWEET SPOT and SPRING.I also use harmonic patters especially bat pattern.They are advance price action strategy.They are not perfect though. |
Re: my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone by SavageResponse(m): 10:56am On Jun 07, 2020 |
urchcoded: If trull he's making $100 then in a month he makes: 5days * 4weeks in a month * $100 per day * $1/N420 = N840,000 Money does not hide...ask him to show you his account balance before you start asking him to teach you 1 Like |
Re: my Girlfriend Invested N160k In Forex, I'm Scared If The Money Is Gone by SavageResponse(m): 11:04am On Jun 07, 2020 |
BadRadio: Why are you steering Peeps4u to come meet you in the backyard. He asked you the question in public, give him the answer here in public! |
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