₦airaland Forum

FxExpo:
please example of this broker let me try scalping with them

1. FXTM Advantage Plus account (+Islamic/ swap free)

2. InstaForex Eurica Account (+Islamic/ swap free)

meshpips:
You mean people sleep up to 6 hours per day?

That's one quarter of the whole day!!!

That's luxury for any serious minded individual.

Like seriously? When you become 40 you would have spent 10 full years of your life sleeping.

Jeez!!!!

Abegii leave charlie make him sleep jare; baba if you fit sleep, sleep oo, you body need am... Forget motivational speaking!

Adeleke2023:
what I'm saying is that.... Raw Spread will charge you for holding trade for days... But will give you tight spread... Really good for day traders and scalpers... Swap free will not really charge you for holding trade for days... But will give you wide spread... Really good for swing and positioning traders... Even though you'll hardly notice much different with some brokers... You can use standard account with some brokers and hold trade for days or weeks... I do that with my personal trading account and the charges is really that small... But most of the prop firm are using eightcap and the difference is really significant...

I totally get what you're saying, but you're still saying the same thing as earlier.

What I'm trying to make you understand is that you can actually be trading off a raw spread account and still be swap free, you're charged "commissions" instead. That's the type of account I use personally; ECN Islamic, raw spreads with no swap.

Adeleke2023:
one example of standard raw spread account... Only three days holding and $130 profit is turning into $30... But with swap free... It should be around $128...hope you get it now

Ehm trader, biko check again, raw spread accounts don't matter to swap fees or commissions oo, all that matters is whether the account is swap free or not; whether it's an ECN or direct spread, don't matter.

rhynoemmie:
Congratulations on the account but what’s a swap free account?

In simple terms, a swap free account is an account that doesn't accrue any interests either positive or negative, on trades open overnight (after 5pm NYT).

Some brokers call them "Islamic accounts".

Tradinggiant:
Omo .. after this Patience talk I read here.. I began to reflect on it.
Market day actually rewards the patient traders fr.
If u get one pair way day work for u, TRADE AM and take whatever that pair gives u oo.. if the pair require you to wait for 1 week ,My brother better wait oo.

I've come to realize that alot of people get intimidated by other people's profit
And it's very bad. And it results to overtrading

Imagine not seeing setup for 5 days then you come online (Twitter mostly) to see people bagging over $5k . $7k .
Una Sabi how Twitter people day talk na.

TWITTER TRADER 1
# woke up today and my Trade is running over $18k. What a great way to start the week

TWITTER TRADER 2
MFF $100K Phase 1 and phase 2 passed in 3 days!!!
( While u urself never trade for 5 days )

E go come be like say u day play.
Na this moment ur brain go tell u say ur strategy day slow your progress.
With that pressure, u go jump enter market then collect wotowoto

No look person profit, Just do ur thing and move on

The journey Sha na personal race.

Boss, you be real Giant!

dottozil:
I see no reason why individual suggestions should matter as regards to competition here, it's obvious majority of us here are still newbies, the experience of someone who has been trading for more than 6 years would be invaluable when compared to a newbie , that's why the experienced traders in the house should set the rules and guidelines so we follow simple.

Length of time one has spent in the trading world doesn't really matter to the art of trading itself; it's about 'how well', not 'how far'.

I began trading in 2017, but guess what? I only just became a trader (well principled) by 2020, during the COVID-19 lockdown. I've just browsing through all the commentaries on the upcoming competition without giving any input, not because I wouldn't want to compete (I mean it would be fun of course, even if I don't bag first place), but because of the rules imposed on risk and money management and that's the most crucial aspect of my trading career, I don't joke with that part cos it's all crunched in the numbers for me, it's applied statistics!

I see the imposed rules as biased (not as in a matter of contempt or greed, no!), biased in the sense that the rules on lot sizes are coming from one school of thought as regards risk management in trading. There 3 distinct ways that risk management can be applied in trading (at least, for what I know so far) two seem to be alike but they're actually different, they are;
(1) by lot sizes
(2) by dollar amounts (or whatever currency account's based in), and
(3) by percentages.

Now the rules here stipulate the 'lot sizes' method which is a total turn of for me as one who uses percentages. I let the stoploss price range of every trade I take decide what lot size I'd use, since I've already decided the percentage of my account balance that I want to risk on each trade. The majority pushing for the competition are coming from the same faction and the few of the minority like me just have to stay back, fold our hands and watch. The last guy that spoke up on this just got shut off without actually understanding him.

If traders like me bow to the risk management rules of this competition, believe me it would make a gambler again instead. It should be noted that lot size limitation doesn't fit into some traders trading plan; this is my input.

Sorry I gave you guys a long read (for those wey even try read to this end.. Lols)

peteregwu:
Na 10pm na. Some brokers won't allow you place a trade and also spread is so wide at that time interval until 11pm.

Right! He should switch to an ECN broker then @Arijude, work way better.

Arijude:
Why has market closed?

Who close am?

You see all these nonsense wey GBPUSD and EURUSD don plan to dey do ehn, when e go backfire bah.. Dem go just dey fall, nobody go wan pity them to catch them. GU go break down from trendline today, tomorrow e go run back inside, that im sister EU go follow am too.

meshpips:
I like the confidence.

Many times a previous swing high is exceeded only because stop losses need to be triggered via liquidity grabbing.

You need to have a way of confirming whether or not it is a TRUE high/low.

This is where DIVERGENCE comes in handy.

So even though we see a HIGHER HIGH, it could actually be a shift in market structure (SMS) when confirmed using an oscillator or any other tool of choice.

My VAP reading shows me everything I have tried explaining above.

That's why many times, you can see me buying the lowest price of the period or selling at the highest price of the period.

Again I say, the price vs time chart is very limited in the information it gives you.

Price is nothing without VOLUME!!!!

Oh no broda... Price is everything, on it's own. Price is explicit, it just lays everything bare for you to see. I use strictly price action as a swing trader, trading the higher time frames (Daily and Weekly, while using Monthly for overall direction) using strictly price action and I haven't for once regretted it; volume is but just another technical indicator to me.

EmmanuelVi:
Lols... even on the Daily, price is just standing stagnant at the daily resistance level [red horizontal line(137.35)], just a few pips above it like it's debating wether or not to close above the level. If it does close the day and stays even farther above that R level, it could mean more upside despite the recent sharp upward momentum.

Sorry, couldn't upload chart

Ahuitzotl:
[color=#1986BC] It's quite obvious UJ is trying to be a d**k even with every signal written on my exercise book well exhibited, broadcasted, propagated, distributed and marketed to all and sundry since 7.00am still the sh**ty pair refuses to crash....[/color]

Lols... even on the Daily, price is just standing stagnant at the daily resistance level [red horizontal line(137.35)], just a few pips above it like it's debating wether or not to close above the level. If it does close the day and stays even farther above that R level, it could mean more upside despite the recent sharp upward momentum.

PrinceofWallstr:
Hey Traders , as I promised to show some love to the community, I wanted to surprise some set of traders but some reached out that I should hold a competition. I should have done this on Easter like I promised but I was grieved, I lost ma pretty daughter. May God grant her enternal rest.. I choose Samfelly as the organizer, the name of the competition will be " For the love of Karien"...
First position- $50k mff evaluation challenge and 5k MTN sub.

2nd place - $10k Mff evaluation challenge with 10k MTN sub.

3rd place -5k MFF ...

Samfelly I will reach out to you by second week of May.

So sorry comrade, may God's comfort quicken you again.

charly20:
Funny man.

Him think say im dey wise!

meshpips:
Everyone here seems to have an opinion and we no longer can even tell who should be taken seriously when they post.

90% of traders will lose 90% of their account within 90 trading days.

The failure rate in this industry is embarrassing to say the least.

I challenge YOU, yes you, to create an account and link it to myfxbook or any type of trade explorer.
Attach a working link to your signature and lets attempt to distinguish between us traders in this thread.

Do not pretend that you didn't read this post.
Take up the challenge! Abi na only mouth una get ni?
Shior to those wey nor go take up this challenge.

I think I love this idea... Accountability!

haryodehjia:
Saw this online.. What could have happened for sl not to be triggered?

The stoploss range from entry price is way too minute to contain the volatility the instrument is offering at the moment, so price simply jumped past the SL order. The volatility is too much and price is moving way too fast that the brokers algorithm is even having a hard time doing anything in response within that little spance of price and time, when the volatility of the instrument settles down a bit the SL order would finally be triggered, not at the originally set price but at the price where the brokers algorithm could finally catch up with the markets price; note that the SL order was placed based on the 1 minute timeframe (too little, for such volatile instrument).

Gbengageorge:
Yes, he can have mental picture of his position and the rest, but I have learnt my own lesson, if he experience large spike on real account once, he will understand.

Yeah, very likely, if the person trades intra-day.

Gbengageorge:
Maybe he is always online to monitor his trades.

I think he should understand that there's a type of stop loss called a mental stoploss. You can't size a position for real, if you can't pinpoint how far you're willing to let that position go against you; either by price range or range of time, or a combo of both.

karkinase:
Stupid pair.. it’s like a toxic girlfriend . Port to EU. it’s a calm babe

It's easier to blame the market when you're on the wrong side you know.

Donsheddy:
Gu don craze

Patience broda, patience; there's nothing wrong with the market.

If you're interested please kindly reply to the thread to help popularize it on Nairaland.

So you probably attended a Forex or Stock or yet still Indices or Comodities trading school (online or physically, doesnt matter) or maybe not but you're interested in trading and you're yet to become a profitable trader or you're yet to even begin trading.
Well then let me help out; doesn't matter if you're a professional or novice you could at least glean something from what I've got to offer. I would be posting educative materials (what you need to know about trading the markets) and also live setups of trades I might take.
Its not a website no! Am simply using WhatsApp 'Status' for everything, if the turnup is good the I could create a group for everyone to ask questions and table their views.
Simply add me to your WhatsApp contacts list; +2349017195084
Its entirely free

Analee:
pls create a WhatsApp group then you can take it up from there

I already created one; see it here
https://www.nairaland.com/6025731/n14000-month-online-url-shorteners

mccben4:
it says invalid link

replace the (dot) with (.), remove the brackets.
if it doesnt work, add (https://) at the start of tge link. remove all the brackets.

Okay let me just drop the WhatsApp link kowai



chat(dot)whatsapp(dot)com/Jjm9MJvEsEvFq0n5xoNVA6



(just copy and paste the link into your browser's address bar, replace the (dot) with the symbol)
if you're interested just jump into the group.

This was my previous post
https://www.nairaland.com/6018280/n9000-online-monthly-worth-it

Nanomat:
Is it legal considering the company policy?

About 'not offering incentives for your links to be clicked'? Well that might be a downside, but from the way I see it, 'no it's not'.

wiseone1111:
interested

Let's get more hands on deck. Thanks

Good morning Nairalanders. Am sorry I hadn't updated this post all these while; I have something else I've been working on, make una pardon me abeg.



Okay first, I'd like to thank each and everyone of you that gave their opinions on this topic.



So I'd like to update you guys; that each person could actually earn about N14,000 give or take, monthly (and that's a 'give'). The thing here is the work and that's where it's kind of unsettling.



300 people doing the same thing for 300x everyday committedly; if one person slacks, depending on the point at which that 'person' gave up, it could affect everyone involved.



Relax! it's not just 300 people that can benefit from this, everyone can! But it has to be in groups, each consisting of 300 persons each. Now that being said, the simple hustle is on 'URL SHORTENERS'.



Most if not all of us should be aware of this tool I believe. You copy a link, place it on your url shortener and shrink it, share the link. Whenever anyone clicks on the shared link, after viewing some ads and getting to the destination page, brings you money!



That's just it guys, you all can do your research on URL SHORTENERS if you wish and consider if you can work by viewing 300 links each day (everyday! unless if we collectively agree not to work on a particular day).



The Majority of the work is on each of us clicking on each others links, this could take you 3-5 hrs (remember for 300 people being involved the earning potential is greater than N14,000/month). The added advantage is in referral earnings, it's not going to be very large, but quite significant.



I hope my little explanation is enough to get the message across to everyone so if you guys are interested, I would create a whatsapp group(s) and introduce the particular URL Shortener we should use and how exactly to go about it.



So in the end guys am just a fellow Nigerian youth trying to get an additional source of income online legitimately. Believe me this would be my third source of income; one physically, two online. So I believe I connect with you guys out there and we can do this together if we are committed.



Please do give your feedbacks. Everyone please, let me get all your opinions again. Once again, thank you all.

This was the post I made earlier https://www.nairaland.com/6018280/n9000-online-monthly-worth-it

EmmanuelVi:
Okay, I really need honest reviews here. I intend bringing an innovation which of course could help a lot of us if we dedicate our time to it.
Am very sure many of us here remember refer.ng since quite a handful of us used that site (wella wella lols). It's something like that in that it's not stressful but even more rewarding than refer.ng was. Mind you, it's not my website; I dont have any related to this stuff, am just trying to tap from an already available resource.

Question: "Since you've got the idea, then why not do it on your own, why bring us into it?
Answer: No man is an island on his own; this work requires collaborative efforts to work. It's kind of a "she-pulls-me-i-pull-you" thing I would say (funny right? make una no mind me abeg).

So here's the deal; it's going to be an online job, its been around for ages of course but I havent met anyone in Nigeria that tweaked it for others to benefit from. So basically, am trying to bring that here let's all benefit. But then the question stands; would N9000 a month be worth it? For working 1.5 - 2.5 hrs online everyday? Simply doing the same thing over and over or simply, 200 times?
Please let me hear your honest reviews. Please specify your state of residence and then your opinion on the matter (my reason for that is simple; different states have different economic stances, not all fingers all equal).
Thank You all very much.

Good morning Nairalanders. Am sorry I hadn't updated this post all these while; I have something else I've been working on, make una pardon me abeg.
Okay first, I'd like to thank each and everyone of you that gave their opinions on this topic.
So I'd like to update you guys; that each person could actually earn about N14,000 give or take, monthly (and that's a 'give'). The thing here is the work and that's where it's kind of unsettling.
300 people doing the same thing for 300x everyday committedly; if one person slacks, depending on the point at which that 'person' gave up, it could affect everyone involved.
Relax! it's not just 300 people that can benefit from this, everyone can! But it has to be in groups, each consisting of 300 persons each. Now that being said, the simple hustle is on 'URL SHORTENERS'.
Most if not all of us should be aware of this tool I believe. You copy a link, place it on your url shortener and shrink it, share the link. Whenever anyone clicks on the shared link, after viewing some ads and getting to the destination page, brings you money!
That's just it guys, you all can do your research on URL SHORTENERS if you wish and consider if you can work by viewing 300 links each day (everyday! unless if we collectively agree not to work on a particular day).
The Majority of the work is on each of us clicking on each others links, this could take you 3-5 hrs (remember for 300 people being involved the earning potential is greater than N14,000/month). The added advantage is in referral earnings, it's not going to be very large, but quite significant.
I hope my little explanation is enough to get the message across to everyone so if you guys are interested, I would create a whatsapp group(s) and introduce the particular URL Shortener we should use and how exactly to go about it.
So in the end guys am just a fellow Nigerian youth trying to get an additional source of income online legitimately. Believe me this would be my third source of income; one physically, two online. So I believe I connect with you guys out there and we can do this together if we are committed.
Please do give your feedbacks. Everyone please, let me get all your opinions again. Once again, thank you all.