₦airaland Forum

USD/CNH
Good for sell@current price,it has a very huge downward potential.
A little wide stop loss so bet small
Stop loss: 6.99451

infofirst:
Thank you. If not for those that are beginners, we probably will not challenge him.
Our guy is brilliant. One of his issue is arrogance. Only if he drops it. The shell of arrogance is stopping his growth and development.

Blew an account in 48hrs on top certifications. Turned another account to 1200% in short time. Only a gambler can turn someone else trading account to 1200% in such a short time.

You summarized this guy in few words,
To be frank I think he's pretty talented but market is very brutal, she will surely humble the arrogant,proud and the careless.
The problem I think he had is failure to understand his above listed problems
Once you cannot see the problem surely solution is not in sight.

meshpips:
I trade with proprietary trading firms those are the risk limits given me.

Pls Meshpips, have traded with BLUFX b/4?
Be honest ooo

SilentVboy:
Pls which is better for a $300 forex account, 100:1 or 200:1? And I intend to trade with lot size of 0.03 to 0.04

I was thinking of going for 200:1.
Pls help me, I don't want to blow off my acct.

cc: saxyc, blackeuropean. Anybody plssss.

I believe the most important thing is not to over trade,plan your trade ,trade you plan and use stop loss. You may use a leverage of 1:20 and still blow the account when you overrule your plan because of greed and most time it's just emotional.
To avoid that perhaps research just one or two markets e.g usdjpy,usdzar(This will teach patience and displine)and trade based on your plans. know the amount you're losing(risk) before you take a position.
If you can do that I believe you can never blow any account.
Opinion anyway!

TheYoda:
Lol. Are not you full of yourself

If they want to talk to you, they should subscribe to Bloomberg terminal for around 2000$ , just to talk to you.

Aren’t you very silly. Listen to yourself lol.
Throwing words around trying to impress yourself lol �

That’s how you dey say rubbish say, BL terminal dey seconds ahead lol hehe joker.

You think say na mumu dey here. Not even milliseconds oh. You say dey ahead seconds lol. Nutcase.

You come here come intimidate people? Or find rich investors.

This kind comment is childish, please grow up, nobody is intimidating anyone except you feel intimidated, if someone say subscribe to BL before I can talk to you, but in reality he has being responding to questions here ,what do you want again?
If you have contribution, contribute not condemning people without any modicum of fraud,scam or threat to you or the thread.
If you feel someone is boasting, please brag your own, nobody dey charge you for that, after all I have seen few bragging on top failures here.
Pls allow people oo

Blackeuropean:
If you uses mt4 on Windows, coo, its not for mt4 mobile. It shows your total risks In percentages of all the open trades, I do not trade directly with mt4 no more but via BT directly with the Funds in Bank.

Although I have privately customized risk indicate for mt4 it's not for sale. You can get the retail one in forexfactory if you can see who will agree to sell for you.

I thought you talking of a risk indicator that comes with MT4 platform, I can use or design a risk indicator with Excel, the challenge is just continuous update with Data.
Most external program tend to slow down or clog the platform as saxy4c pointed out

saxy4c:
It's added plugin for mt4/5 I bought one some time back I can send to you, but not used for long because it just clogs my charts and MT4 already shows you how much of your margin is in use.

Yeah, I understand if you add some plugin or some eternal program to your platform(MT4), it reduces performance or the platform becomes inefficient or too slow which becomes irritating when trading that why I ask for his help even with pictures, if possible.

meshpips:
Bros, the only part I ain't understanding is how your link to myfxbook has SUDDENLY stopped working.

If the account has crashed, please tell us so. At least your own lasted longer before it got imploded.

@optimisticgondy's account crashed under my management and una wan chop me raw even though the other account I was trading alongside returned over 1200% in 30 - trading days una pretend like say una nor see that one. I nor even know say a whole Barrister like you fit crash account.

I await the next person that will attach his own myfxbook link.

Imagine, dey there turn yourself to evil spirit dey monitor people's account,I know the greatest of your Joy is to see people's account gone just to prove a point, Cause I think proving a point is more important to you that actual trading success.
Upload something nah, even a demo account.
Shame!

Blackeuropean:
Plan your trade, trade your plan.
Trade with stoploss and stick to how much you can risk, at most although I do not know your account size, risk 0.50 percent of your account at most 2 percent if you are a scalper, if you are not get a profit trailer.
Ignore my demonstration trades I sent the links in here as you can never see stops entries I'm one, it's due to the tools I use, there are a point if the market gets where my stops a penned down, the mechanism in my Bloomberg Terminal will authomatically close all positions.

If you uses mt4 get pivot plotter and also learn to follow trends, get risk indicator too, I use to use it on mt4 and on BT, it comes free of charge as you will clearly see your total risked account percentages clearly spelt out in bold for you without you manually doing the calculations each time.

Thanks for you contribution, please can you elaborate on that risk indicator for MT4, do you have to download and install it on MT4 platform?
If you can point to it on the platform with pictures, it will be appreciated.

austine4real:
How do u guys make profit I'm new here?....



I want to use my house rent to trade maybe if I can be making $2 per B4 April .


Please who can help me??

Pay your house rent ooo
You only trade with Expendable fund or what you can afford to loose.

saxy4c:
Another thing, God created us all lovely but you have created a very ugly chart . I can't do any proper analysis with all you have going on there. A sincere advice is that you get another window with just plain candles. That way you can draw a more proper TL.
Also you are ignoring the spikes in your charting, big mistake I had to unlearn from my earlier teachers. Include the most recent spikes especially on higher TF, you'd begin to catch a lot more of their mago mago.

For very Good trader, I think the most important thing is your own view, opinion, analysis and judgment of the market.10 traders may see same chart and come up with 10 different opinions or ideas, I understand if your see my chart as ugly,it not drawn to impress anyone anyway so no offense taken but surely I am well learned in trend and technical analysis and i trust my own judgement on that.
It seems you're a scalper, anyway inasmuch you making profit from your analysis, people's opinions doesn't matter.

saxy4c:
I'm adding another buy to EURUSD at 1.1039 SL for both is 10pips below here at 1.1029

Saxy4c
Relax small this EUR/USD still dey fall ooo
Perhaps you wait till tomorrow if you insist on buying I believe it will retrace tommorow or late night, but on long term it seems to have break out downward.

Wanity:
Maybe you should turn to Yahoo threat you don't belong here

*M*U*M*U
Why can't you just focus on yourself and be a real trader and accept what you can't control.

Condering history of our lackadaisical disposition to every thing,the time has come for our ministry of health to be proactive about this deadly virus,we have many multinational coming from many Asian countries where this virus is currently causing a lot of panic.

Pneumonia outbreak in China caused by new type of coronavirus- Experts



A mysterious form of pneumonia that has spread in China’s central metropolis of Wuhan may be caused by a new type of coronavirus.

State media CCTV reported that a group of experts who analysed the genome sequence of the virus had reached the preliminary conclusion that it was a new type of coronavirus.

The same coronavirus has been identified in 15 patients.

Coronaviruses can infect animals and people, causing diseases ranging from the common cold to severe illnesses such as those caused by the Severe Acute Respiratory Syndrome (SARS) coronavirus and the Middle East Respiratory Syndrome (MERS) coronavirus.

Medical authorities in Wuhan reported Sunday that 59 patients had been diagnosed with the mysterious form of pneumonia, of whom seven were in a critical condition.

By late Wednesday, eight patients were reported cured and discharged, according to CCTV.

The World Health Organisation said that several patients had worked at or visited the same seafood market in Wuhan when they fell ill in December.

Clinical symptoms included fever, difficulty breathing and lung lesions in some patients.

The disease raised alarm in places like Taiwan, Hong Kong, South Korea, Thailand, and the Philippines, where officials said they would set up quarantine zones or scan passengers from China for signs of the disease.

The U.S. Embassy in China issued a health alert instructing travellers to Wuhan to avoid animals, animal markets, uncooked meat and contact with sick people.

Wanity:
No real traders in this forum some you are just here to show yourself

Are you sure about that?
Whether nah real traders,fake traders, showy traders please allow them all, we love them all, we learn from everyone, except you don't want to learn.
We appreciate all here excerpt scammers

Market focus
EUR/AUD
Price has the tendency to hit 1.62300 area b/4 heading straight down below around 1.5987
The bias is bear market

saxy4c:
, nah, was only trying to say you could cut out a whole lot of the clutter from his response then write your response so we don't have to read his response all over again before we see your write up, you get?

Yes sir

Let talk about this market analysis my brother

saxy4c:
Uncle please help us by deleting a lot of the text you want to quote and leave just what you intend to highlight. This would save us reading a lot of rubbish twice

Look like you are confused about something?

meshpips:
Someone came on here and posted an inaccurate figure saying blufx requires that you make 15% profit. Please that is a BIG lie!!!

Once you make 5% profit, you can place a withdrawal request.

Next, let's look at how simply one can make 5% as against the argument by @schevychen and @blackeuropen.

When you pay 50,000 Naira, you get the opportunity to trade a $25,000 account.

What is 5% of $25,000 ? That is $2,500 divided by 2 right? Which comes to $1,250.

If you trade at just $5/pip and make 100 pips, you already have $500 profit. Do this just 2 and a half times and you already have $1,250 as profit.

Many have complained about them not permitting you to hold trades overnight but that also is a BIG lie. If you want to be able to hold overnight positions, you need to pay about 120,000 Naira and will be given an account worth $50,000.

With the example I gave above, trading with $5/pip you only need to make 250 pips net profit for a withdrawal request to be placed. How difficult is it to make ordinary 250 pips in 22 trading days?

Once you make $1,250 and place a withdrawal, you will be paid 50% of that amount while blufx takes the remaining 50%. In essence, you will get a little over $600 as payment. Now convert $600 to Naira and then deduct your initial 50,000 Naira payment. You will still have well over 150,000 Naira.

My simple question: could you possibly make profit of over 150,000 Naira using only 50,000 Naira without over leveraging your account?

These guys help you trade within the confines of PROPER risk management and your return at the end of the month is worth it.

Again, I call for balance in our arguments and judgement making. You guys that are much more experienced should stop misleading the younger ones on here.

Let's put forth our views with proper balance please I beg everyone in this thread.

Thank you!

@ the bolded

From BluFx video this is their exact statement"profit Target of 5% blocks are independent of growth Target of 10%"
I don't know the school you went to but by my own understanding that's 15%.
If you're are experienced enough you should know making 10%-15% with a leverage of 1:3 will not be funny without over trading realistically. Considering no night trades/overnight position for stage one $25000.
Sometimes I wonder are you just trying to argue for fun of argument, or you far from reality or both.
If this is quite easy as you claim, I was expecting some kind of testimony from you like: I made or my boys made like $1500 from BluFX according to your simple arithmetics.

TheYoda:
AK284
All good, all the big name, what have you gained? does smart talk give you any insight to trading better

One wise man once says: if you want to be a mechanic, listen to the best mechanic
If you want to become an yam farmer listen to the best yam farmers,if you want to become a Fisherman listen to the best Fisherman.
Hope you understand what that means.
Why do think small investors pay as much as $3million to win a lunch auction with one of the most successful investor of all-time (Mr Warren Buffet).
Better you yield one of his famous advice too:Pay attention to the company you keep
Back in 2004, a 14-year-old asked Buffett what young people can do to set themselves up for success down the line.

“It’s better to hang out with people better than you,” Buffett said. “Pick out associates whose behavior is better than yours and you’ll drift in that direction.”

Buffett had backup from his vice chairman Charlie Munger, who added, ”If this gives you a little temporary unpopularity with your peer group, the hell with ’em.”
To your question: Yes I get a lot of insight from some big traders on this platform, there some that I will like to buy lunch for just to listen to there smart talk.

TheYoda:
Generally people dey very naive. People are generally sheep, they want to be told what to do, how to live their life.

I don't know Blackeuropean, but what he said here is just still what anybody can write here, oh i manage hedge fund. Example if hin say with capital base of 800,000,000$. Just this small word , people go don quick forgot how to use their brain , turn to slave one time.

This is why you have pastors telling followers to drink bleach, and you will see them drinking it

Blackeuropean might be, and might not be but you people should stop believing everything you read online.

Nothing against you bro.

Have a great weekend.

My brother, it's better you quit this skepticism of yours especially when there is no any form of financial threat to you.
What has information that Blackeuropean put up on this forum got to do with people's gullibility?
Do I believe everything he said ? Yes, why shouldn't I. Does that mean I am gullible? No.
That kind of caveat you put up there should go to fraudsters pretending to be traders not genuine people with good intentions to inform,help us.
If you're smart enough,you should be able to smell and dispel scam from small conversation.
This kind assumption of yours is discouraging and disrespectful.

Happy Sunday

Blackeuropean:
And my Verdicts about BluFx:

:
Trick ; BluFx preys on greed of aspiring traders and offer them acvount of 25000 for a monthly fee.
The leveraged of the accounts is ridiculously 1:1 to 1:2, even me will not even dare to touch that talk less of sweating on it, because there is no way you can meet the condition target of 5% before they allow you withdraw the so called 50%
They offer a prop. platform and no way you can verify if you are actually trading real or demo account

As far as I'm concern, you are being made to trade a demo account, because no one will offer you account with real money of $25,000 for a fee of 50,00 naira to Nigerian clients, and 199 pounds for UK based clients, when you can easily lose the Real money and they become actually the loser here, so you are trading a demo, which they can easily manipulate to make sure no matter the way you sweat it, you do not meet the monthly target to qualify for the withdrawal, and one of the perfect legal ticklish way they did that is to offer you with a very ridiculous leverage, this is done to keep you as long as possible to keep paying the monthly subscription.

They are only interested on your monthly subscriptions, and will do whatever it takes to keep you paying for that monthly, while you keep hoping to meet the target, its just a simple trick and I commend them for their smartness.

NO PROFFESDIONAL TRADER WILL FALL FOR THIS TRICK, AND IT'S EASIER TO MAKE 10,000 NAIRA MONTHLY FROM YOU 50,000 NAIRA FROM TRADING WITH IT IN REGULAR BROKER THAN BLUEFX.
GOOD DAY.

I began to fear them when they didn't disclose their leverage but I assume it will be around 1:25.
Another contraint is that no overnight position so basically If you are not a good scalper,it will be very hard coupled with total of 15% profit condition you have to Meet for the month.

ejosh4:
And u still beg for scraps.... This man u funny gann ...

Audio money

Blackeuropean:
I trade with Saxo and Dukascopy S.A , You can just put the firm website on here, it will not take me 5 minutes to verify this claim if true or not, Just like i told you, without track records, NO DEAL.

It took me 3+5 years to get both track records and work with UBS in Switzerland to get Promoted from Analyst to Delta One Desk, Before I was licensed as HedgeFunder.

BluFX

meshpips:
Kindly provide your investor password sir.

Do not attempt to dodge the question.

All outstanding debts will be settled in due time.

Inspire us with your trading performance sir.

I await your investor's password.

I guess you have found a new maga whom you took 200k from abi?
You have being bragging about posting of myfxbook since Lord knows when
Aboki show us yours now and stop all this gimmick to trick newbies, I can bet that if you ever show us here it will not be different from a bet9ja account.

meshpips:
I CLAIM to be experienced abi?

You nor sabi talk abi na so your mouth be?

Maybe you should give us the investor password to the current account you are trading and let's see how much you truly know.

Talk is cheap!!! I dare you to provide the investor password to the current account you are trading.

Fake people everywhere reading things online and claiming pro. I dey tell una REAL REAL, as e dey go, una dey form yeye pro.

I am waiting for the investor password.

Na only talk una sabi talk. Why not show some trading substance?

You and who , abeg go pay all your numerous gbese, after that I will attend to you.
If going from one debt to another is your definition of experienced,I don't want that kind of mumu experience.

meshpips:
My brother, when someone tells you REAL stuff, calm down and take it.

I have been there and done that.

When you get into the prop trading circle, you will be compelled to apply proper risk management.

On your personal accounts, you can do as you deem fit.

Regarding the term professional trader, do you have a CMT, CFA, Series 3 or 5 certification etc? have you taken a course with the CBOT or CME?

Y'all should stop applying the wrong nomenclature to yourselves.

Who is a professional trader? Go and sit quietly and think the question through.

NOTE: Just so you know, I have been privileged to take smb capital's course on stock trading.

If you think say na beans, go and find out how much it costs.

That's exactly the problem, being a successful trader in deed is different from having all professional certificate and all you're successful in is burning account like burning a stick of cigarettes,Charles Dow once said pride of opinion had lead to failures of traders than any other thing on wall street.
Some well groomed primary six holder may actually trade better than you.
The prop firm you talking about ,what is their requirement to give $25000, No certificate,no experience, nothing, inasmuch you can give results you are good to go with #50k registration fee.you claim to be experienced and you always give a newbie advice.

meshpips:
I am sorry if it hurts you but I have dropped all considerations of paying you back.

Imagine statement ooo

saxy4c:
If you're serious to get those funds back, forward copies of those to me and see how tables turn in a couple of weeks. I know exactly how you feel and no one deserves this. But I've resolved this sort of issue a couple of times and I bet you his tone would change in a short time.

Please I will personally appreciate if there is any way you can help this guy recover his money back, Every bits of Meshpips statement is full disrespect and bragging which is very disgusting.yes anyone can make mistake,but making one without any sign of remorse empathy is what is unbearable for me. if you ever try that type of shit or stunt with me SAS for don carry you tey, The Bible told us God hate the proud, but you're even proud on top nothing. However the case goes, you no fit progress if you no pay that guy.
Please for newbies make sure you check prospective fund manager history well before you employ anyone to trade for you.