₦airaland Forum

Pastorjohn2:
I keep seeing people use words like London and NY sessions

What are these pls

The greatest favor you can do to your self right now is to leave Trading for now and go back to babypips

Pastorjohn2:
Yes am definitely new.

That's why you have to listen, Learn and understand

Thanks

Pastorjohn2:
This isn't my only strategy

I mainly trade based on supply and demand with a lil bit of some chart patterns and markets can definitely be over bought or over sold.

Blow my account over this strategy?
Impossible unless an account uses an outrageous lot size then besides this is demo.

From your comments.. I can see that you are new to trading.. relax.. what the guy above is telling you is right .. that shit won't last and will blow your account.. I wanted to reply until I saw his comment

infofirst:
I want contest to start Jan 10th - Share
I want contest to start Jan 17th Like.

Contest rewards will be prop firm sponsorship and data sub for a month.
Watch out for the rules and suggestions will be allowed

Nice one boss.. you'll should drop Guidelines too.. thanks

GabsonFX:
Thanks Infofirst, Brightfuture48, this kind of discussion is deep: better to discuss on voice, podcast, webinar, live stream, zoom, skype, etc than typing. I wish we could come up with this type of discussion via any of the channels asap, especially in these holidays.

First, Brightfuture48; look at the 2 contests which I organized in the last 2months. I modeled one of the prop firms' models - "the monthly package", and no one could meet the minimum profit % in order to withdraw. Now, note that traders trading this with the prop requires that you pay another fee (monthly fee) every month in order to keep the account active....like seriously. This is how they make a huge amount of money $$$ off the willing traders. They need money to maintain their website, they need money to keep business alive, to pay their staff, etc.

Why do we think brokers are switching to being prop firms? brokers only earn from your commissions, swaps, and spreads, some type of brokers earn big ONLY when you blow your account, now, not many people place huge money in brokers' portfolios. Many traders even withdraw their money from brokers after they lost about 10% of their deposit.

Above all, 99% of the prop firms, including FTMO uses peter to pay paul and take the rest of the proceeds......

Bro I'm ready to pick up the challenge.. how can we start ??