₦airaland Forum

In a country that's regarded as the poverty capital of the world. A country with the fastest growing number of internet fraudsters.
A country where people steal one another's underwear to get rich.

The only thing a religionist can brag about is his wealth. A wealth obtained without tax and often from the gullible masses.

And my countrymen continue to cheer him on.


You see just how bad religion is?

joey048:
Why is the supernatural always disputed in Nigeria

Because it is undoubtedly false and based on unfactual claims. Like anecdotes and hearsay.

Everyone who claims to have seen ghosts do so when they're kids. If that in itself doesn't tell on the authenticity of these claims. I don't know what else does.

Anecdotes are the weakest form of evidence.

In a country that's regarded as the poverty capital of the world. A country with the fastest growing number of internet fraudsters.
A country where people steal one another's underwear to get rich.

The only thing a religionist can brag about is his wealth. A wealth obtained without tax and often from the gullible masses.

And my countrymen continue to cheer him on.


You see how bad religion is?

In a country that's regarded as the poverty capital of the world. A country with the fastest growing number of internet fraudsters.
A country where people steal one another's underwear to get rich.

The only thing a religionist can brag about is his wealth. A wealth obtained without tax and often from the gullible masses.

And my countrymen continue to cheer him on.


You see how bad religion is?

TheVictorious:
Atheism is a religion to someone who hasn't logically critiqued creationism

Many of these peeps believe that they'd appear to be more intelligent and shrewd than the creationist once they simply say I'm an atheist (without having any "scrutinizable" findings to weigh their stance upon). They simply follow the bandwagon, and they are no different from the majority of the people who follow religious authorities. Both are "socially conditioned" by a fallacy called argumentum ad populum.

Okay, let me ask you two quick questions: "1.is Stephen Hawken an atheist", "2. What do you understand religion to mean?"

1. What do I care for Stephen Hawking's religious affiliation? He's an atheist.

2. Religion is a system of beliefs in a god or gods.

TheVictorious:
That's why more "illogical" and unintelligent people in Nigeria today are "religiously" taking up atheism without being able to make sound arguments for their stance.

Atheism is not a religion. It is a lack of belief in all 4200 gods and deities.

sexiestharam:
Jumia is such a scam! Where in the world is a screen protector N5000 that they are slashing? What do they think they are doing? Deceiving gullible Nigerians.

Lol they inflated the price but you won't get a N500 screen protector anywhere in Nigeria. It's still kinda discounted but the initial inflation is just to increase the discount percent unnecessarily.

enolife2:
what @fame12k said is right. although he did not put it a way to encourage you

as a demo trader you can use any lot size to trade but it will affect you psychologically when you want to trade live account with small amount of capital because you will always expect to earn big on each trade which can lead to great lost of capital. secondly the happiness of earning big in demo account will not allow you to dig deep and know more in forex trading


I am also a demo trader as well who traded $500,000 in profit within 5 months ( I can show you proof). I started with 50 lot size and upgrade to 100 lot size which and still using uptill now on some occasion. since last 2 months I reduced my lot size to 0.05, I have learn a lot on financial management in forex unlike before

May I also let you know that leverage is not some thing to worry about because it is embedded in lot size.

you should also know that lot size is derive from stop lost pips ( size )

you have nothing to worry about margin call as long as enter each trade with the amount you are ready to lo se and you have stop lost in place

Wow Thanks for this. I'm going to work on money and risk management aspect of my trade skill set. I'm seriously lagging behind in that area.

I grew my account (demo) by up to 1800% in two days. That's like from $10000 to $197000. I have proof too.

Darkpal:
He isn't trying to discourage you. He's just telling you the truth. Of course leverage is another factor to consider.

He's telling me what he thinks. And what he thinks is nothing more than his opinion. An opinion is virtually NEVER the truth.

Besides, both comments he dropped here are clearly suggesting he's just one of those naysayers who are always in doubt. He's not even considering other factors before jumping to conclusions. That's not how to "tell the truth."

You weigh all the relevant options and make deductions based on that. He apparently didn't.

He's probably not a trader, or a failed ex-trader who believes nothing in trading works -unless its 100% "ready."

fame12k:
With the lot size u use, then I am 100% sure u are not close to ready to go live.

The lot size isn't everything, is it? You are not even taking the margin or leverage size into consideration now. But it's good to jump into conclusion and always discourage others.

While you made some key points, I believe Fathers are underrated in our society.

gloriana:
I think u should demo on a live account. What I mean is that, there are some brokers that allows a very small deposit as small as $10. So u can trade 1cent per pip so that will afford u almost a thousand pips. Its as good as a demo account but it will help u to work on ur emotion since its real cash.

You have any brokers of such you can recommend?

Edit: I already joined FXTM demo and cent.

Donvic4u:
demo with the lot size you plan on using when u go live

TY I think it's because I don't quite understand the concept well. Over the weekend, hopefully, I'll try to educate myself on the lot size and some other unclear concepts like margin, free margin, spread, pips and the likes.

docus:
Yes reduce ur lot, else when u start trading life, ur account will be wiped out within 2 days

Ok. TY

Donvic4u:
1 STANDARD LOT FOR DEMO??

IT WONT HELP UR LEARNING PROCESS BRO...

DIFFERENT STROKES SHA, EXCEPT U PLAN ON STARTING WITH A HUGE EQUITY

So what do you suggest? I reduce my lots?

gloriana:
lazy youths everywhere. Lol

Lol today is a really profitable day for most traders I've been hearing good news everywhere.

Halloween effect?

Here's my trade for today. (Demo)
I don't know why I still think I'm not ready to go live yet.

What do you think?

JoshMedia, you may be right.

femora007:
does bezos trade forex?

I don't think so. He trades stocks obviously. Amazon.

NwaAmaikpe's posts can either be one without a single inch of sense or a savage comment.

No In-between.

JoshMedia:
I saw it too, well, that didn't stop him from being the world richest.

Are you sure it's not going to pull him back a little? It's tight up there and $19bn is not a joke.

I wonder what trading strategy can cause such a huge loss within a little amount of time as well.

Jeff bezos has set a new record after losing $19.2 BN in two days. Bloomberg news has reported.

FXpips:
boom! boom! boom!

You don't set stop loss for your trades?

Sad to see this. Even more appaling to see the judgemental comments here. You pricks have no idea.

RIP Bro. I'm not proud to say I've been there and could easily have done that. The system failed a lot of us. This probably wasn't the way to go. But I can only imagine what you went through.

When I'm older I'm looking to start up GandC counseling centers
across different campuses to help people like these and prevent future occurrences. So help me, Fate.

gloriana:
loooool. Don't bother cos its not worth it

Ty

USDCNY has potential opportunities for traders in the coming weeks. What do you think?

Bolutumiii:
FXTM does

TY

priceaction:
You can trade any day and trading is not stick to a particular day but you need to know when to trade or not. You need clear cut strategy that suites your trading style and it's profitable to you.and it can come anyday anytime. Why many people don't like Friday/Monday trading is because of likely less volume on Monday and on Friday , uncertainty because of weekend. As per naira/dollar pair, I have never traded it and am not interested in it. I don't think it is tradeable for me or deserve my attention because it doesn't have enough liquidity to move the market.

Thank you for your time and input. I have downloaded a few videos on trading strategies and I look to improve my knowledge in that area.

maryjames9:
Are you seriously serious? Usdngn of all currency pairs? My advise. Learn forex first and do a lot of demo before going live. Usdngn is the last currency pair I can trade. Volatility is zero. Liquidity is zero. Name only when naira value crash from 500 to 360 to a dollar which is like one in a million occurrence or when value of dollar was just jumping years ago that you could trade it.

Lol I know it sounds funny but I just find it more relatable to trade with my local currency against the US dollar. Like I can actually get all the news that could affect the market at the comfort of my room.

But with the things you listed. I guess it's a no no. The election period could spark a fluctuation tho'

I could look out for that time.

gloriana:
Please o PIPnator, priceaction, currentprice and others please help a sister. What do you think of USDNGN is it a sell or a buy? I'm considering this pair. Thanks

What broker are you patronising? I'm looking for brokers that allow the USDNGN pair when I want to go live.

priceaction:
I think you are demoing, but I won't encourage you to always leave your trades over weekend. EUR selling pressure is high than dollars, I don't think it is ready to gain strength for now.
By the way who is trading bitcoin cash or dax here? Signify ooo..

Yes I'm demoing. Thanks for the information. I also learnt Friday afternoon is a bad time to trade as well due to market closure. I'm learning and any other information will be much appreciated.

So Wednesday is the best time to trade I think.