₦airaland Forum

VlamesIffect:
Any of these ones dey do direct bank transfer in naira aside hot forex?

Yes, either directly or through a third party Nigeria Naira Account.

Don't dwell in hotforex too long though

NetValueFX:
Yeah, forexchief is doing well. One thing I noticed about them is the fact that they listen to customer feedbacks and take hid to the ones that is worth it.

Globalprime is for everyone one. Me I never big ooo. Me that is trading a cent account.

Na cent account i wan run for the next 6 month ooo or till year ends

But Global doesn't offer cent/micro

Or forexchief had the lowest spread on EU compared to all other brokers

NetValueFX:
FBS Withdrawal is processed within few ours. However, I am filtering to the better based on trading conditions. As a swing trader, swap means a lot to me. Though their swap is 2times better than FXTM's.
Another thing that made me feel dishonesty about FBS is the fact that the first withdrawal request I made was rejected because I used a MasterCard to make a deposit sometime ago. They said I must snap the back of the card with a signed signature of mine and send. I was so annoyed because I have used other deposit methods which they could easily pay me through. They went ahead to reject the signature twice. After all the saga, I now wondered why they didn't make me pass through that process before making deposits with the card. What if I had lost that card, what would have happened? I had to drop them for now (last week)... Though this thing happened last year. I have no other issues concerning withdrawal. But I felt like filtering to better brokers just they way we do with signals also. Afterall, their spread wasn't better than the other two brokers I use also. I will still use them in future maybe if they have better conditions.
I have not used liteforex, I know they have been around right from the days of Alpari NZ. Given that their popularity is still quite low, means they might missing something. I have heard exness is good, but haven't used them.

This your review na A1 oo,
Clearly you know your onions.
Thumbs up.
After many research
I would settle for fbs as first choice, and forex chief as second. FBS has a better respond time in terms of Customer Care compared to forexchief.
And again, FBS seems to have popularity with reasonable unbiased reviews.

I did major digging, alpari, fxtm, hotforex, octafx all na MM or bucket broker. Them dey manipulate price well.

I heard FBS na SL hunter na the complain wein many pass be that.

Kudos and thanks alot.
Onlinenaira can help me fund fbs and forexchief without stress

NetValueFX:
Forexchief has direct funding via onlinenaira, they used to accept bank transfer but since this government but a limit on dollar they stopped it. They accept crypto too which is a better option if I must say.
I used Bank wire to fund Globalprime via domiciliary account.

How do you see fbs, liteforex, justforex or exness
I know, dem get funny name

NetValueFX:
Forexchief has direct funding via onlinenaira, they used to accept bank transfer but since this government but a limit on dollar they stopped it. They accept crypto too which is a better option if I must say.
I used Bank wire to fund Globalprime via domiciliary account.

Forexchief looks promising as i can deposit and withdrawal directly from local bank.

When we grow big like you, we can consider global prime.

I like when i can deal with a broker directly rather than third party. The extra charges and exchange rate is just somehow to me

NetValueFX:
I have not used hotforex before.
I use forexchief, FBS and globalprime. Global prime is the best among the three. Forexchief is good too.

Nice,
How's their funding/withdrawal method?
Is it direct to broker?

NetValueFX:
Instaforex is actually worse than FXTM. Rubbish price feed, rubbish everything in short.

Abeg what broker you recommend?
How you reason hotforex?

Yes indeed most traders i know dey complain about Alpari, insta..

Most are on Robo, ic markets, fbs, pepperstone.

But i dey prefer broker wein i fit transfer to them directly. Just to avoid those exchange rate values or having to use neteller or skrill accounts

highcurrent:
I think octafx or insta has naira acct.
There is this guys too, 7bforex.

Insta has third party agent in Nigeria,
Alpari, fxtm, hotforex you fund your account directly without need of third party agent.

I stand corrected though

NetValueFX:
Swaps go chop your money finish. I used to trade that way. However, I have found a way to keep it within two weeks.

You are right though,
It depends on the pair and if it's bid or ask..

In the end of the day what maters is the consistent greens.

I see your challenge 2k to 40k in a year, that's some serious ball of steel.

Best i can do is turn 2k to 5k in a year as now

Let's do small here,
Who makes a living fully on forex here.
I mean full time trader , not selling strategies or building system.

Like its been what now? 10 years in FTA
We should have at least a full time trader not taking forex as a side hustle by now.

Atleast with a trader explorer to prove as well.

VlamesIffect:
Abegi jare....your english 2 much....Join next contest make you prove all your talk...at least we dun c some people wey talk and do....

But i agree with you on 1 thing sha...if you dey lose 6 out of 10 trades he no bad na.. risk management dey talk. Person wey they use 1:8 risk management fit lose 8 out of 10 trades still make 50% profit.

The English dey come like anointing

The contest is for short term traders and too much rules which is understandable.
I for one can hold a trading position for 2 months
We are in for the long shot now.

Elliotwaveforec:
All I know is I give you 10, you lose 6, you're a bad trader. Forget all the jargons you put there

From "I don't know all these o" you then edited to this

Please sir,
How long have you been trading on your system,
And what drawdown have you been able to manage overtime?

Mind you this equity drawdown doesn't happen all the time, like once in a full year and could be once in 5 years. But there's always a day when every system must pass through the test of fire

ogashman:
I thought I did everything right....I don't even know how to make it public.... Any heads up?

Click on your profile,
And click settings
You will see this particular account, change the permissions to public.

ogashman:
Myfxbook link attached.

This is for a $20 live acct



Let's see how it goes

Nice one,
Only that you didn't make your explorer public or shared the wrong link.

Please i would advise you convert to cent account to accommodate drawdowns.

Elliotwaveforec:
If you have more than 20% DD, you're a bad trader, not to mention 60%. You lose N6 out of N10 capital, you call yourself a good trader.

Who see your name ElliottWave would believe you know what you are saying.

Do you understand the term "drawdown on equity" ?

You have been replying on my drawdown post since and you clearly still done get the point.


There's different form of drawdowns
Which is:
Relative drawdown,
Maximum drawdown
Average drawdown
Equity drawdown


You guys like to quote rules here and there,
But time to show proof you practice what you preach.
You go silent.

Ps.
You can have a 10% average drawdown, 20% maximum drawdown, 60% equity drawdown in one account when analysing it

kendoschurrle:
una too dey lie for here

nobody dey accept say e crash account and e no get money or say e no sabi trade. everytime na personal or family problems

It's okay to crash account and accept losses.

Wettin no make sense na when dem dey post only winning trades.

We learn from losses not wins.

Let's refine this place.

It's okay to make 5% in a year,
A win is a win.
It's okay to have over 60% drawdown on equity so long it later close in a win.

A win is a win.

Let's learn to tell each the truth and stop big big grammar.

Though for starters don't let your equality drawdown go beyond 40% it becomes a psychological issue



Regards

samfelly:
How much did you deposit into this account, bro? And when did you start trading the account?

It's demo account bros,(2016)
I was using it has sample to someone,
I stopped trading then,

I'm starting again now.

ogashman:
Any procedure on how I can open trade explorer and connect my acct?

Register on myfxbook.

They would require your account and that read only investor password.

Something like this,
This exactly the period i stopped trading when i got very busy.

https: //www. myfxbook. com/members/feshizzy/tms-demo/1749985

GabsonFX:
Guys, when you are making analysis, it is OK if it does not go as planned...Pls make it a norm to update your analysis with the outcome loss or profits, not keeping mute when it hits SL or goes negative but announcing when it makes +ve pips. I have watched this pattern repeat here on several occasions. Many get easily deceived by this act.

Yeah,
They make onlookers believe its all greens all year round.

I am yet to see a loosing trade here,

Seems they already found the holy grail.

That's why i suggest a trade explorer for those giving out signals.
I sha no, no be by force.
But it shouldn't be a big deal to set up.
I should be setting up mine here soon.

At least on a cent account $10 would be looking like $1,000

So those still doing demo, i would also advise you put your money where your mouth is by opening at least a cent account.

There's some broker you can even do transfer through your Nigeria bank directly and you get credited on your platform.

Let's Talkless and start making money

Regards,
EF

Elliotwaveforec:
80% drawdown? Can you allow that on your real account. It's as good as losing all your capital. Abi you dey pick money for street ni?

Ever heard of a "Black Swan" Event.

80% drawdown on open trade till it recovers, not closed trade drawdown

I appreciate everyone,
Especially the challenge organisers,
That is really a solid move to a greater good.

Anyway, i have an open challenge.
Everyone here posting trade calls please open a trade explorer as well too.

Let one of the challenge organisers merge all in one explorer.
The competition is always against the market.
No rules, trade your style even if it requires 80% DD

So long in the end of the day it ends in profits

GabsonFX:
I remain loyal boss

I suspected so too,

Na only you carry mind to trade D1 inside basket again

This is like your umpteenth comeback
I hope you won't runaway again..

Anyway, it always an honour to have your input in the community.

VeeVeeMyLuv:
Where have u been?

I have around,
I wasn't active trading, more of research,
So i didn't post.

But now I'm back

I missed y'all

Let's start having real talks here as well.

The only person that have matched his calls with a trade explorer and that was pips-B

And yet, them wan swallow am for here say e dey brag and all.

Bros if e easy, you too drop trade explorer

It's been a minute, i have met up with traders that actually make money and all.
Not those who assume dey make money.

The journey has been beautiful to say the least.

CopyJoe:
I just opened a $200 demo account on ICMarkets.

I'll share my progress on this forum.

This demo account will be treated as if it's a live account.

This account will be traded for a minimum of three months.

I'll focus on 5-6 pairs. Gold included.

Add a trade explorer to your signature for easy following.
Thanks

I know it's not by force,
But i would suggest anyone dropping signals here should accompany it with a trade explorer..

Else everything na just catcalls

I have been quiet here observing the show.
We keep doing same shiiiit every year in and out.
And no one is actually making progress.

Na so so big big grammar.

Please help a newbie,

Has anyone every experienced a 80% drawdown without the account being stopped out?

And what was your leverage as well?

obiskidguru:
Congrats to the winners. Oya make una come do giveaway

Instead of learning to fish,
You prefer to be given fish.
Lol

Donvic4u:
Lol market has humbled the guy

We all went through that phase of invisibility in the market.
The market always have a thing or two to teach.

The fight shouldn't be among us here,
There's a bigger fight in the market already.

All market bias is equally welcomed.
No one can ever master the market,
We can only do our best to limit losses from time to time.

Kudos to your trading, and your foresight in the market ✔️✔️✔️✔️����

NetValueFX:
You come late.

Yes very late,
I have been reading through and through.

The activity here is nice.

NetValueFX:
He sure has learnt one or two. He is now humble. I only feel sad for him in bollinger band because he is as confused as Ichimoku when it comes to using or even drawing divergence properly

Is this your first year in FX,
Because you sure sound like someone fresh from the academy.