₦airaland Forum

Don Sheddy, congrats, once again. May this flow of income never run dry and increase with every withdrawal.

samfelly:


Donsheddy got his first payout, Infofirst declared NGN 500 R.C giveaway to more than 10 peeps.

Don cashout 2nd withdrawal, the boss declared NGN 5,000 (cash or R.C) giveaway to more than 10 peeps.

Idan Sheddy wan press 3rd withdrawal so o. Are you guys thinking what I am thinking? Oh, una never see the pattern? Abi, una need Architecture student from Ajayi Crowther to draw it?

Anyways, if una dey rush dey come, make una no push me o, cos I don hold front seat strong .

Lols.

Lonestar124:
Mumu

Nawa. You are completely ignorant of who Infofirst is and why he made the statement. Very foolish attack on a person without reason. Our slogan as forex traders here is forex na scam which is directed at those who doubt it as a legitimate source of income when people are seriously making money from it. The worst part is you shot someone who is one of those who has been sponsoring trading competitions here in addition to helping people to become better traders. You could simply have asked him why he said that.

All I know is that since D1 is heavily bearish, I am net bearish on all usd quote pairs. I have seen nothing yet to convince me that bulls have the upper hand. I'm waiting for a clean entry signal to join the bears, if not I will keep sitting on my hands.

BeginnerTrader:
After that crazy dump on Friday, I know today will likely be indecisive. I'm sidelined till tomorrow.

Same here. Taking no position is still a position. D1 is bearish. We have already seen the high of July made. Bears are aggressive. Tomorrow, the bear party continues. I just regret exiting my profitable position. It was a premature exit.

Like I said, bloodbath for EU and Gold buyers today. I have learnt to always trust my system.

Next election you people will take statistics serious. Animal Farm government has scored another own goal.

Donsheddy:
Fundednext payout came in today after waiting since on Thursday...
And they also included an additional 1000$ to say sorry for the delay....
Never give up...
At the appointed time you will be amazed at how everything will be working for your favor omor...
Meanwhile gold sell still on..
Maybe make person secure next withdrawal

Don, you are a made man. Congrats. Hefty payout. You deserve it, man. We dey your back, boss.

EU and Gold buyers will have their stops hit. I'm waiting for an opposing signal to re-enter my sell trade. If I don't get it, tomorrow is another day. No impulsive trade.

Only mental destitutes and psychological lepers of this governent of hardship, by hardship and for hardship will oppose peaceful protests to bad governance. Already, on nairaland, they are shamelessly vocal in supporting a government that once encouraged mass protests against the Goodluck Jonathan administration and is now making threats against the protesters saying that exercising their fundamental right to protest is treasonable. Animal farm leaders in government with animal farm followers on nairaland and social media. People, as a matter of right, should and must protest away bad governance. Even the president they defend knows this very well.

Fxwarrior:
Trust your instincts. Gold may buy to 2448 region.

True. Thanks for the encouragement. Currently sitting it out until my bullish entry setup screams at me from the charts, then I will join the bulls party. Even if the current candle closes bearish, bears will have to do more than that to convince me they have the upper hand.

Cashhy11:
Are you swinging it? Or day trading too. My EU long has done more than 1r already, just little more push to give my 2r and SL has been moved to BE.

How many pips SL do you trade on an average boss?

Boss, apologies. I'm just getting to see this. Actually entered sell @ 1.0893. Made almost 20 pips before the reversal and I had to exit at a tiny loss. I day trade and swing trade. Wherever the momentum lasts I want to be there. D1 is bearish but H4 and H1 look bullish. I am on the sidelines until I see who wins. I am still bearish inclined but it is better to be sure than to risk it. I am not stuck on my bias. It will change or remain the same as the market develops.

I may have acted in haste. Sentiment on the D1 chart is clearly bearish. I will be watching the current candle. If it closes bearish bulls will be slaughtered on EU and gold. Annoying that I exited a great sell position.

Exited my sell position at a less than spread loss. Bullish momentum has appeared. Waiting for confirmation to buy EU.

I trade eur/usd. I'm currently in a sell trade because there is strong sell sentiment since last week. It is positively correlated with gold which should favour sell opportunities. If sentiment changes to bullish I will exit the trade in loss and follow the new sentiment. For now, I'm a seller.

Why won't you be content with Tinubu's drastic, destructive, and poverty-creating policies when you receive brown envelope of billions of naira regularly? Of course, after this statement you will go to a plush eatery to cool off for the session with dish worth tens or hundreds of thousands of naira while the starving masses can hardly afford garri to drink. How many more people must be lost to suicides fueled by hardship before the dividends of his policies materialize? PDP was and is the best party to have managed the country though they were not without their faults. APC as a curse breaks all the limits and boundaries and edges of the totality of irredemable failure while creating new lows in their reputation as the worst party ever since Nigeria became an entity. Know that and know peace.

EyeCumInPiss:
Na zombie write this comment.

Ha ha ha ha 🤣

Cashhy11:
They don't care to disgrace the whole country with their rubbish method. If he was that good, he wouldn't even be participating in some free monthly competitions.

The returns is over 2800% in a month. With a 1k account, that's $28k in just three weeks. If you are so sure of your talent, wouldn't you wanna make 28k on your personal account than dragging 7.5k competition with plenty rubbish interviews, that's even if you eventually won though.

You can do your thing, but please try reducing the rubbishing the country name that's already widely known for scams all over the world. Some people were even hyping this f..cker.y. here.

I don't think it's one Algo whatsoever, this month is just his lucky month. Why hasn't he won all these years, why now?

It is a sad fact we must accept as normal. FN seems to be rewarding it rather than upholding ethical trading standards by disqualifying him. Their competition rules need to be reviewed. Yes, I hate practices that further sink the country's reputation in the mud.

PriceActionZ:
The guy will be disqualified. He made most of those gains within 5 days , he targeted the right time close to the last week of the challenge. Majority of those in leaderboard are cheating and using high frequency algos to trade which they can never be used on any broker worldwide. They are programmed to delay entries, and once the market moves in your favourites, it jumped to lock your profits and close it. Everything under micro seconds.

That comes to the integrity of the challenge. It's not being monitored. It's only when you violate any programmed rules that you get auto disqualification. The 4th guy in the board too, was accused of operating 3 accounts last month and using algo to trade last month only for him to be among the top 3 rewarded to win the price and 2 other accounts disqualified or may be one even get free challenge account as people discussed that on discord, but he got the price. He has already registered for 3 slots again for the August edition that are yet to start. Only God knows his other positions with the other accounts of this month.
All these were being challenged on discord but they, FN, look away.
Now it has given others morale to do any manipulation , after all, they loose nothing as long as some others are escaping and getting the rewards. They don't care if their country names are being dragged.
The best bet as other trader, is just to concentrate on being among the first 100, and get a free account and leave all these cheaters for their games.
I also believe FN may have something hidden they are not telling us. Anything can be happening backend that people may not know. It's a dirty game against the real, faithful traders. It's easier to give out a challenge account than to pathways with about $30k gifts without doing anything. That's a bitter fact.

If FundedNext can adopt Infofirst's kind of trading rules for their competitions it will put every trader on equal footing. The competition standards will be fair. Cashback Forex has a weekly competition where the highest number of entries is set at 40. Any entry beyond that is not considered in judging performance.

samfelly:
It's a 'supposed' 30 Days Trading Competition organised by PropFirmsTradingIdeas from Telegram (search and join the group). Next registration is coming up on the first week of August. By the way, the broker (BlackBull Markets) the organiser is using bans registration from Naija.

I see. Thanks for the informate. Will search them out. I still think a 4900% increase in account is devastatingly unfair as a standard set by any competition.

samfelly:
Wow 🥶🥶🥶

Nigerian traders no get chill again o. The suffering for this country don keep every traders on their toes to sharpened his/her trading skills.

Not only Naijas dey win though (image). All started with $100 by the 2nd week of this July,. And still growing. Target is $5,000 before the contest ends; to qualify for the prizes set for it (competition)

That is insane. 5000%. What contest is that and when does it end?

seeteazain:
Fundednext current leaderboard

Are they the same person or related? It seems to me owing the surnames. Nigerian traders have made their mark in the world of trading as indomitable traders.

sIfioksq:
The Obedients have become a nuisance, pushing their agenda without considering the consequences. Their fanatical approach only deepens division in the country.

Brainwashed fellow. I see how you parrot the opinions of your failed leaders. Your kind slavishly chorused Tinubu's "ingenuity" when he proposed regression to the archaic national anthem as a means to solve economic hardship, and foster ethnic unity. Are you a human with second-hand brain and mind devoid of original thought? Are you the long distance walkie-talkie in the palms of his corruption-bloated masters?

You are afraid to collide with the truth that the core Northerners and the majority of the South-Westerners are the chefs behind the planned protests because you know it reflects admission of stupidity for voting a fundamentally ineligible candidate. A drowning man will clutch at a straw which is no surprise you, along with your corruption drunk masters, are blaming Peter Obi for your woeful mismanagement and maladministration of the country setting it back to the stone age while the rest of the world make strides forward.

Umahi does not speak for the Igbo people. South-East already made up its mind to distance itself from any participation in the planned protest. Every year, politics of tribalism sees Nigeria sink further in its woes. Whatever is achieved by any protest is speedily destroyed by tribal sentiments.

randy01:
They are not entirely scam if you buy account with good prob like ftmo and fundednext.people got It wrong by relying on prop firm.prop is for you to gather enough capital and Start your personal account on broker.forex is not for flipping but it's for growing your account by %.imagine trying to grow $100 or trying to grow $10000. Which is easy between the two?

Have it ever occur to you why hedge fund with billions of $ still always look for investors.they do that because 1% on $1000 account is $ 10 while same 1% on $100000 is $1000.let be realistic here if not for prop firm many trader will never touch thousands of $ in a year.how many trader have $2000 personal account.imagine you have.making 10% montly of $2000 is $200 at the end of the month.

Problem here's people bring unrealistic goal to prop.i once share about my neighbour who hear about Forex then watch one or two videos on YouTube.he deposit and lost the million.now he call Forex scam.when thing don't go our way we call it scam.

Many here don't have edge in market which they believe out of 10 trade.they can 5-6 but same people will run to prop as if it was free money.forget profit and try place ten trade on small account you can afford to lose or demo if you no money to lose.the goal is not to make profit but see how your strategy work.once you are done with first ten trade.do another second ten trade.if results is the same then you are ready for prop.

Even newbie run after prop nowadays.prop owner know people are greedy then they are feeding on that.let always tell ourselves the truth.the maven prop I lost last time.i lost It coz I don't risk same.i risk 0.5 -1%.i mostly loss when I risk 1% and win when I risk 0.5%.so my lose is much than am making now I risk same on all trade.

Until you started telling yourself truth.you will never move forward and everything will look unreal to you

You missed the tone of sarcasm in his statement, bro. He is not actually saying they are a scam. He is making mockery of those who say it is when actually people are earning decent living from it.

BeginnerTrader:
Prop firm na SCAM!

Na proper SCAM, my brother. 🙂

Donsheddy:
Na daily bread i dey hustle...
First withdrawal on 25k incoming...
I don delete mt4 make i jejely lock down this one....

This one make me laugh 😂. More blessings, brother. 🙂

GabsonFX2:
Hahaahahahah, 90% of those props are not reliable, Infinity Forex Funds (IFF) inclusive, at least they denied me of up to $25K payout; to succeed with these props out there is like doing hit and run like MMM: 1st is to have an edge, 2nd is to be lucky with the edge so you can be on the good side by the time they would fold up. Even guys with edge suffer in their hands, they are here to make money from us and not to see us succeed.

What I do now is heavily funded my personal account with axi, and targeting 10% biweekly or monthly, instead of the 100% or 80% that these expect in phase 1, then 50% in phase 2......It is their delusionary model which they rely on hoping that traders can become delusional, and lie to us that it is 10$ and 5% each.

Their Delusionary Model:
Prop Account (Demo): $100K
Account fee: $530
Leverage: 1:200 ish

Max Overall DD = 10% of Prop Account (=$10K)
Max Daily DD = 5% of Prop Account (=$5K)

Profit target
Phase 1: 10% of Prop Account (=$10K)
Phase 2: 5% of Prop Account (=$5K)

Look carefully, what you are given to trade with is not the prop account capital but the DD value (whether daily DD or Overall DD is now up to the trader's fate), but imagine a trader that is destined to lost the account based on:
1. Overall DD

---

What he has to trade is not $100K but the Overall DD risk of $10K, prop firm expects him/her to make 10% of prop capital ($10K). What does this mean: I give you 10K to make 10K profit, is that not 100% ROI expectation? like seriously? Let's come down to the forex basics: don't forget what risk/money management teaches us to risk little and aim just a little more return like 2% weekly or monthly or 8% yearly; how come props are forcing traders to make 100% in weeks and why would traders not be aggressive and eventually lost their account.

2. Daiily DD

---

Here, it gets worse, cos thousands of traders actually lost their prop challenge ONLY based on the daily DD: So listen, you are given $10K demo to make 100% profit ($10K) but you must not lost $5K in a day; meaning you are given $5K not $10K to make a profit of $10K; hence, they want you to make 200% of the %5K given to you.

Here, I would rather, take my fee ($530), work smarter and harder in my day to day career and raise it to the daily DD of $5K, then instead of targeting the $10K profit target which would have been 200% in the case of prop firm, I would rather just target 10% per month, which is $500. Here, my risk/money management becomes top notch and can guarantee constant monthly income, and I have withdrawal testimonies on this.

PS: The figures here are relative but proportional, in your case, it could be $100 not $500; just make the proportions.
I wish I could explain to someone with my voice rather than typing, so it can really sink. These are my model debugging I came up with after several years with props.

Selah!

Some of your old posts in the past FTA threads have the same message. Can't agree with you more. This is the naked truth.

WaleBuraimoh:
https://www.vanguardngr.com/2024/07/sunday-igboho-issues-fresh-eviction-notice-to-fulani-herders-in-southwest/?

Sunday Igboho is shadow boxing the fulani herders especially when Tinubu is about to create a ministry of livestock. Yorubas will be divided in sentiments here with the bigger percentage going to Tinubu who is kowtowing to the will of the Northern political elites.

In other words, if you haven't made the connection, Sunday Igboho is wasting his time.

MercyStan, here is something for you to read.

http:///43114bc9240713en_ng?link=1&client=opera

Took you long enough to realise