₦airaland Forum

MT:
The so-called saner climes you all reference rely on taxes to build their infrastructure.

You want to be like Dubai, US , UK but you are not ready to follow their models.

Like I have mentioned on this thread, US govt taxes tip - this means that if you go to restaurants or bar and you give the person that serves you little money, say 5USD, the US govt will collect tax on that 5 dollars.

Imagine if Nigeria govt proposes that, all hell will let loose.

Can you compare apples with stone? The developed countries you just mentioned have accountability in the revenue accrued and spent on public facilities and implementation of policies. Erring public office holders resign promptly when they are faced with gross mismanagement of public resources. You SEE the fruits of the taxes they pay in the provision of financial, health, and developmental packages in addition to boosting the economy with innovative technology. They did not start with trillions of dollars. THEY UPHOLD RESOURCE ACCOUNTABILITY WITHOUT TRIBAL SENTIMENT unlike Nigerian government.

You say Nigerians are not ready to follow the models of these developed countries. Where have all the public funds and recovered loots gone into? Where are the facilities or what economic development have replaced the fuel and electicity subsidies removed? Nigeria's international debt keeps growing despite the removal of the fuel and electricity subsidies. Why don't you ask the government to follow the models of the countries you mentioned in SHOWING THE DEVELOPMENTAL PROJECTS FROM THE FUEL AND ELECTRICITY SUBSIDIES REMOVED. We pay taxes on food, telecommunications, income, drinks, transportation, clothes, health, education, and nothing to show for all the taxes and revenues accrued over the years. They even boldly display their excesses in waste of public funds knowing that there is no measure of accountability or repercussions for their flagrant display of corruption. It is not taxes that will boost the revenue stream of the government. It is arresting and prosecuting corrupt officials and leaders who should be made public examples for their financial crimes.

EzehFx:
Sabii_gal is a popular female forex trader on Twitter incase you guys don't know.

I know Sabii_gal on twitter. What I don't understand about some people is that they claim to flip money but still want people to invest with them. Is that not madness? People like shameless BTCproMax who doesn't even know the first thing about trading even if his life depended on it will always come, be exposed and disgraced, and go.

EzehFx:
BTCproMax is a cheap scammer😂😂😂😂

You guys shouldn't fall for his tricks. He claims he flips account but it a lie. He steals post from Twitter claiming it his. Chai! I don catch am

See what he claimed he did in his thread meanwhile it was someone's post on Twitter.. lol..

BUSTED❗️ 😂. Flipper da Scammer BTCproMax 😄

helinues:
If you don't want government to be borrowing unnecessarily, then suggest another means of raising funds without taxing

Please save us the story of government should cut their excess , even if they do, it's not even up to 3% of the current budget

The same peeps in the federal government were exposed for spending tens of billions of naira for just weekend treat. Senator Ali Ndume was suspended for exposing them. For all we know, this has been going on long before it was exposed. The punishment meted out on Ali Ndume has ensured closed lips of the corruption behind the curtains of the legislature. Your president buys new jet worth billions of naira, travels the globe on billions of naira expenditure, senators get themselves cars worth hundreds of millions each. Bayelsa governor has proposed ₦700,000,000 (seven hundred million naira) for fifty torches and walkie-talkies but you are selectively blind to the egregious waste of public revenue. All these I have highligted are nothing compared to the level of their commitment to financial atrocities the public doesn't know. Rather than hold them accountable for their financial crimes you, the blind supporter, will defend their corruption and imposition of taxes on the suffering masses because you are no different from them. Everyday you speak you forget there is a process called thinking.

dmahn:
Why is GU afraid of picking my stop since na

I don't shift stops with a single pip even if price approaches it, The only time I shift stop is to Breakeven.

The reason why I still struggle till today is just because I cut profit short and fear that price will reverse when in profit and I know I won't make any dime in this business if I continue

How do I fix staying loyal to my SL but always betraying my TP

I also have that kind of fear. It is not healthy for trading. I have come up with a way to get rid of it. I stay in the trade as long as momentum has not shifted to the opposite side of my trade.

Happy birthday, Profitfx.

Winnin009:
Lol... Who ever listed Paypal as a bank? As always in a bid to defend trash, you ended up sounding inept. Even the yankee where paypal is dominant; they don't need tax ID to open or operate bank accounts. only businesses require such.

And you don't seem to know what KYC means. No one has more KYC info than the banks... This is just silly policies and has nothing to do with KNOWING YOUR CUSTOMER!

I would have responded to him but I knew you should do justice to his erroneous comment 👍

blackman007:
There’s something that still baffles me about trading, it is widely speculated that market changes and evolve every day and we should adjust as regards the changes and this is where I’m confused, does it mean we should change our strategy and system too?? I don’t really understand, I’ll appreciate it if someone can shed more light on this concept… so that other traders can learn too, because I know that others are learning as my bosses on this forum are doing justice to the questions….

An old trading wisdom is: want whatever the market wants. This is our primary job as traders. A trader who has a rigid view of market expectations will have his account constantly bleeding. The markets evolve everyday means that sentiment changes constantly and, many times, without warning. For example, when market sentiment has changed from bearish to bullish but a certain trader, being bearish, refuses to admit the fact and will not want what the markets want will have his account seriously depleted.

This doesn't mean you should have a different strategy for different market sentiment or movement. Rather, you should have a strategy that helps you detect when market sentiment has changed and follow the new sentiment.

One way to do this is to have an invalidation zone of your current market view where a breach of that zone should alert you to a change in the market rhythm prompting you to exit your trade at a loss, breakeven, or profit. We don't know what the market will do but we can always follow it by reacting to what it does because the market is a dynamic structure that evolves while we simply react. Nothing more, nothing else.

lionshare:
You should ask PayPal for starters—except you’re saying KYC is a Nigerian thing.

What then is the purpose of acquiring BVN and NIN for operating a bank account in Nigeria? Is that not enough accountability? Why discard their importance to enthrone tax identification in their place? How does a person's income make them eligible or otherwise to maintain a bank account? Accountability according to you. The tax documents Nigerians already possess is not enough to you, the ever-increasing taxes we shoulder everyday is not enough to you. Nigerians that claim a right to intelligence will have perceived a rat with this policy.

The fact they are mulling arming the federal road safety corp with guns is another medal of stupidity to the heap of others they have acquired. As usual, the masses will pay with their blood, not them. Another policy is in the works that places an obligation on the citizens to seek official permission before using the national anthem. Nigeria is a plantation of sick policies and misplaced priorities.

helinues:
Long overdue

A mindless, souless, robotic supporter of a clueless, rice-favouring, corrupt and inept government. The yes-man of every crap dished out by his masters. If Tinubu should give his urine to his followers to drink you will be the first in line with two large cups and a grin extending the boundary of your face.

EreluRoz:
God what is this? 😭

Men I hope you know this is also part of the polygamy and not just about satisfying your penis.

But unfortunately most don't give a damn about their kids and their mental health when it concerns their penis.

I have never seen a true peaceful polygamous home, even Sarah and Haga two very righteous women after God's heart couldn't live peacefully and their rivalry is still on in the middle east till today and obviously till end of time.

Even if this isn't about polygamy but it still has to do with another woman who his dad married.

Your reaction is even more shocking than the news itself. Polygamy put the nail in the boy's head according to you after reading what is written in plain text.

The other screenshot also talks about the same thing. Using the Interbank Price Delivery Algorithm (IPDA) is one way of generating a bias for your trades.

I also suggested learning bias from RBV forex on youtube by True Lera also known as Alex. She made videos on how to determine weekly and daily bias.

Another thing I suggested is focusing on the Central Bank Dealer's Range to determine the bias for the day.

You may use any one of them but not two let alone all of them. Just focus on one. Improve yourself. Learn the information ICT did not given out through practice. There are many ICT ways to determine bias. Pick one or make a search for the one that suits you more. The most important thing is to STICK to one when you find it. Don't use IPDA today, CBDR tomorrow, RBV the next...that will spell failure. Being faithful to just one, in wins and losses, is the key to success.

blackman007:
Aww …. Wish I can get the reply, what are we going to do now??

Let me try another way to recap what I earlier wrote with screenshots from other traders. Just gimme some time to do that.

Moneyman100:
Greetings! House;

Fundednext website does not open on my phone each time I try it, am I the only one experiencing this?

It opens on mine. Just checked now. May be from your phone browser.

blackman007:
Chai God, you know what exactly what I need, I’ve been trying so hard for the past two years to work on a strategy that can give me 5R, because I know that I will lose most of my trades, that’s why I prefer a strategy with more RRs to mitigate my loses and to become profitable over all, or at the end of a 20trade cycle.. if I can win 7 or 8 out of 20 trades with 5R, then I’m set for life… how to come up with that strategy with all I’ve learnt over the years is the main problem for me now

I took almost an hour writing a reply to this and just as I was about to conclude I accidentally erased them... Annoying.

blackman007:
Thanks so much for your input sir…. I do really appreciate it, after 5 years, I seems to have fell in love with structure and liquidity, but I don’t know how to combine everything to form a better strategy, I’ll love to trade the lower time frames, because I’m not that patient enough to swing trade… more inputs and suggestions will be appreciated

You are welcome. What you need is how to determine bias then you can use the knowledge of structure and liquidity for entry on a lower TF.

blackman007:
I feel ashame of myself bro …. But I just need to be honest with myself, it took a lot of courage for me to come out in the open…

Why should you feel ashamed? You are determined, goal-oriented and focused. You have no business with that feeling. Many in your shoes have given up. Keep pushing, brother.

Ibrahimlagosian:
My people,help me oh. ,I have been trading since last year but I couldn't pass my $40k worth of prop account.it's getting sickening and depressing,both accounts are sitting at 8% drawdown.i got the accounts some months back and I'm struggling to get them out of drawdown.l .
I would make profit but gradually lose it back to losses from system randomness,mis-executing and also missing out on profitable trades due to other factors.

It is not easy, bro. It may seem you use different strategies in trading. The one thing that destroys traders is not sticking to one method of trading. I think your confidence has been badly affected from the losses. Always trade with the trend, not whenever you think you see an opportunity and you will be fine.

Ibrahimlagosian:
Omo,just went through your posts oh ,you have been in fx for half a decade ?

Doesn't matter. People develop at their own pace. It may take years but once you get it you get it. For example, it is my years of hardwork that has kept me from buying AU or EU or gold last week and this week. I wrote above that UJ is bullish and has been quite so. This kind of knowledge does not come easily except through practice and experience. That doesn't mean I am an expert trader. I still suffer losses like any other trader.

blackman007:
Yes sure I have strategy hop, but I have paid over 10 different mentors, but once they gets my money, they won’t take the mentorship seriously anymore, they take my money and teach me basic things I can learn from YouTube, I tried to buy indicators, I couldn’t turn profitable, I have watched all ICT vidoes, and devoted 100s of other contents too, but the story is the same, but few things that I’ve learnt is that… I’ll say I’ve studied almost everything there to know about technicals…. If I can get a strategy that can give me 5R, even if I lost 10 or 12 trades out of 20 trades, I’ll be okay….that’s what I think will help me…. And in the area of risk management, I don’t risk more-than 0.5% per trade….I feel like I need that finishing touch, please FTA family, I’m one of you, and I need your help more-than ever…

Okay. It is clear now why you haven't been profitable after such a long time. Strategy hopping. Every consistently profitable trader I know has stuck to their strategy for many years, good or bad. Two months ago, I spoke to a trader who has been making very decent gains in the US stock markets since 2005 and has just begun forex trading. He has been using the same system for almost two decades. I have stuck to my own system for many years before I started seeing the light. It is not the strategy, it is the person.

ICT is more than enough to make you a good trader. The problem is that you may have wanted to learn eveything he teaches and eventually gave up. Just pick only two or three concepts out of the hundreds of concepts and stay with it. Keep developing yourself in the chosen concepts. You can decide to specialise in trading only Liquidity Purge And Revert and throw the rest out as garbage. Focus on one thing, brother. You can decide to trade only Silver Bullet. Choose ONE particular ICT concept you love and stick to it, rain or shine.

On X (twitter), someone once showed proof of payouts and passing challenges using ICT. When asked the ICT concept that helped him become successful he said the only ICT videos he ever watched was ForeXmas. It was the concept taught in those videos he learnt, practiced till he mastered them.

No matter how good the strategy, it will still fail if you don't work on it. There is no magic bullet but I can recommend a trading system. You still have the duty to learn it and follow the rules.

blackman007:
I really need help with my trading, after 5years I’m still unprofitable, I don’t know what to do anymore, I have invested my resources, time, money, and risked it all, but still I’m not successful at it, please I need your help, your inputs, advice, suggestions, are highly welcome….thank you

Bro, it is good to seek help from others. I am not a trading expert but I think there must be a reason you don't seem to be profitable yet that you are missing. Have you been hopping from strategy to strategy? A simple moving average as trend with hidden divergence as trigger using RSI, and confirmation with MFI should make you consistently profitable.

Have you been trading with the trend? Have you been disciplined to wait until the trend is confirmed before taking a trade?

There are many reasons for not been profitable after many years invested in learning to trade. You are in the best position to tell us. Lastly, are you seeking to be recommended a trading strategy you feel can launch you on the path of consistent profits?

CaptainJune:
The markets must be crazy this week. How else can one explain UJ, EU, AU, Gold rising?

Generally, EU, AU and gold are bearish while UJ is bullish (exited a profitable position much ealier), but all of them making bullish upmove at the same time is some serious manipulation or market madness.

I have decided to stay out of today's trade at tiny profit. My patience has run out. Good luck to those who are still in UJ bull run.

The markets must be crazy this week. How else can one explain UJ, EU, AU, Gold rising?

Generally, EU, AU and gold are bearish while UJ is bullish (exited a profitable position much ealier), but all of them making bullish upmove at the same time is some serious manipulation or market madness.

Dmahn, I'm still in the trade. Price is expected to go lower. I have not seen any exit reason yet. Even then, it is good to always follow one's plan.

Samfelly will do us proud. Congrats to him.

hush15:
A thief is always a thief. He stole 3k today, if he become the governor of the state, he will loot the entire treasury...
The church may have addressed it differently being a minor but the boy na thief.

If you have stolen something before in your life since the time you were born you are a thief. If you say you haven't then you are a thief and a liar. How does it feel casting the first stone?

Truth be said, that is no church. A so-called priest took laws into his hands to brutalise a suspected thief. He (the priest) should be arrested and charged with battery and attempted murder. What a contrast to how Jesus treated the thief on the cross.

Now, it is clear that this government has been clueless from the beginning but the disease of tribalism put them in power.

A government that sees rice as the master solution to solve every economic and financial problem.

I hope the warriors of tribalism now see that hunger does not have tribal marks.

Aremolekunowo:
Hello family and friends ❤️ I Just passed my 3k TENTRADE challenge account now, its been in massive DD for over 40 days so I managed it out of DD last week then passed it this morning
I made request for live account and they sent it immediately after 10 minutes of my request.
We must succeed in this business by God's grace and by smart work. 🙏

Wishing you more steam in your trading. Congrats

BeginnerTrader:
$100 to $10k challenge, it's been a crazy adventure. I'm currently on $2.9k .. it's just doing me to go all in an target 4RR to hit it.. I will share the trading history here once I hit the challenge.

$50k ACG is 1% up from massive DD.
Let's see what the week has to offer 🙏🧎‍♂️

That is very great returns. You should consider taking out like $300 for backup in case the whole thing goes south. Then you can restart the challenge on a profitable note.

Aremolekunowo:
Some people are deaf and dumb they don't listen to simple instructions, he is not even one of the big chiefs in the house yet he is breaking the rules . If Elliotwaveforec catch am now him body go cool down

Lol. Elliotwaveforec no even get joy for this kind people. He has only himself to blame for what happens eventually.

Donsheddy:
As dem never drag you for here you no go rest

The fact that he has refused to listen to the polite rejection of his idea goes to show he is desperately seeking potential fools he can deceive to trade for them. No be today. His kind has come and gone a thousand times. Those who have common sense will just ignore him.