₦airaland Forum

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

Luada:
A failed trader, have you seen my trades, and a successful prop firm trader will not be battling DD the last time I checked

Did you just fire shots at an innocent passer-by?

twosquare:
Glitch...so far it is not the same on tradingview...glitch

That and broker manipulation of price feed.

Donsheddy:
Still battling DD on 15k account...

Meanwhile 113$ profit have been secured in 25k account...

I will stop trading the account now...
Till my with withdrawal date which is in Thursday next week...

The Don, congrats, my man.

GabsonFX2:
Never give up.

Only roll with positive minded persons.

Shalom!

👌

Good to see you drop by, boss. Your scarcity no be here like boss Infofirst own. Trust all is well at your end.

MercyStan:
If you don't believe me there is no need to ridicule me. Just read the thread and pass.

This world we live in is very spiritual and just because you don't experience something doesn't mean it isn't real.

This will be my only response to anyone that insults or ridicules me.

I believe there are things that defy explanation in this world. I believe there is a thin veil that separates tangible reality from intangible reality. Only intelligent illiterates will ridicule you for revealing your gift.

24hrUplift:
Yes. The matrix is playing against each of us. And greed is the trap 🪤.

Greed—that № 1 public enemy of traders. Any trader who can overcome greed is already 80% successful.

samfelly:
EU na ma side-chick now o. Any time Gold misbehave, I sneak go her apartment

This is funny 😅

EXLOVER:
In trading you really need maximum concentration and discipline, today i blowed my account of $534 trading the news, I went opposite direction with 9 positions, I went mad after that, while taking my bath I realized the mistake i made on USDJPY. I would have made $1200 from that market, I just learnt trading the news (cpi) two weeks ago. I felt like giving up, this life everything you worked for can be lost under few minutes. All my analysis, all the fuel i burn, skipping meal sometimes all gone because of just a silly mistake. I have $100 left. I’m just crazy right now after converting my lost to naira, I can’t say this to someone i know physically, just have to pour it out here.

Just let it out, man. Capital preservation is king in this business. You have learnt the hard way it is your very life. Kill greed before it kills you. Compounding is the secret to building wealth in this business, not over-leveraging your account. Gambling is a dead and buried habit of a pro-trader. Sorry to hear this, bro. It won't be easy but just pick yourself up and rebuild your account. It may take months but it will be a hard reminder that to succeed in forex trading there is no room for greed. Rather, make compounding plans after your account has grown to a certain size...then increase the lotsisze for each trade. You will get over this in time.

obajoey:
God please perfect your work in my life.

GBPJPY did real good today.

Amen to your prayer

Jameselias:
Learning ict made me think some how I have mastered the market and then i sold my barbing shop to concentrate on full time trading but now my life is in a very big mess

Please can someone here help me start another barbing salon no matter how small so I can start my life all over again small small

Sad to hear this. I hope you spring back from your current challenges. There is no trading method without its hard nut to crack and that includes ICT. You have not discovered your aha moment, or it may just not suit your personality. Either way, hoping you get what you seek to navigate your life circumstances.

It is well. Every man will give an account of the words they speak against Christ and God. I'm not here to argue. My warning is given; you can continue.

samfelly:
Okay, I'm back. Your very own FTA/D delivery guy (dispatch rider) is here . Nobody don order vawulence since? Come on guys, make una make orders o . Anyways, peace is also an option - I can deliver that, also - all na goods n services 👌💯

Lol. You are welcome back from your sabbatical leave. Looking forward to your fx achievements.

Donsheddy:
Third withdrawal from 15k account recieved

Don, congrats. May your withdrawals continue and increase in size.

The only thing I can always trust this government to do is to keep feeding the gullibles with lies. They have an endless supply of it.

Samfelly, how are you holding up, bro?

quip:
lol
everything works sometimes, 😄 nothing works all the time

What he said, and what you said are as different as black from white.

Donsheddy:
Omo back initial balance... After 12 months of battling DDD

A phenomenal comeback. The stamina and discipline it took you to save the account is worth studying. Congrats, the Don.

Government of economic brutality that specialises in deceiving their gullible followers with audio performances.

Donsheddy:
Second withdrawal done and successful...
Na daily bread i need for now...
Na you dey find money to use buy Benz 🏃‍♂️🏃‍♂️🏃‍♂️

Payout Don Done. Pun intended 😊. Congrats, the Don. Wishing you many more and greater payouts.

samfelly:
Sundays are for what again? For looking at the chart before the market opens. And for some, for peering inward.

So, I sat down and reflected on my trading wins and losses and I realized, apparently, that I might just be 'enjoying' hurting myself.

Because I no know why I go trade $50k, $10k and $5ks Prop Firms' accounts reach phase 2 and funded and I go come carry phone dey hold meetings with ma 'village pipo' dey tell them and ask them, at the same; 'I wan blow o. Make I blow or make I no blow?'

And to make matters worse, I go see am clearly say my beloved Gold don go borrow the devil's staff and I go still dey stronghead dey say the staff no long enough to pitchforked me (smh)

Bottom line, I lost a $50k account, sometimes ago. Recently, 2 of my last three remaining $5ks account don bite the dust; all thanks to last Friday's Golden BEARS. And my just funded FFT $1k account don dey wobble like efccc's court case with He-Who-Must-Not-Be-Named (here)

Meanwhile, the title of this whole story na, To Be Frank and Serious, I Am Not Serious (sigh 😞😔)

And talking about efccc, since poli-thief-cians often reward themselves handsomely in this country and not get scratched, deeply, by the eagle's claws, maybe I should abort trading and go become a 'legis-thief-tor,' because I still haven't learned any lesson (If "I've Learned a Lesson" was a human being, he for don serve many of us for FTA/D court letter, for defamation)

Peace, I'm out 😒

I feel you, brother. Losing prop firm accounts of those sizes can be really destabilising to the morale, I know. You've come too far to quit. You may need to take a step back and evaluate your trades from a neutral angle separating the wins from the losses, and isolating the differences between them with the aim to exploit the information as your edge.

samfelly:
Sometimes, I often wished forex trading go just smooth and straightforward like this road but, nope! e no smooth and straightforward 🤕

Smooth sea never made a skillful sailor. If it was that smooth every professional and newbie in the game would be cashing out daily. Forex would no longer be a zero-sum game. Still, I understand your sentiment, especially when one is financially bleeding from trading. This I will say, hang in there - you are in the phase of the making of a pro-trader.

BeginnerTrader:
You don finish the gist, I have seen some incredible verified track records of some golddiggers. That assest moves smoothly 👌

People like Dierathegolddigger and True Lera (RBV) who trade only gold confirm that trading gold is nothing like no other. I believe anyone who can trade currencies can trade gold.

TrackerSK:
Including your father and brothers

Obviously, you are new to the forum. Those who know that moniker all too well ignore her. She is nothing to be taken serious. Just ignore the broken record that is on endless repeat.