₦airaland Forum

infofirst: Me eu, entry 1.2950 since friday n tp 1.3150.

still on BULL side on GU & EU

for GU

1.523x levels refused to break last week, successful breakout of the levels likely to push the move to 1.5300/1.534x levels and 1.543x is the levels am watching for the countertrend trade this week.

iheanyiebeneze: Am just wondering why it is only this your ECN-account that has technical problem while your friends ECN-account do not have. Nevertheless, i have only two STANDARD MT4 account.I do not need ECN. scalping alone do more harm than good.

not me bro am not using forextime, am just trying to c what pple says about them

his friends ECN-account do not tampered with probably she is not making much profit like d complainer

fxisreal: if this your broker is good, i see no reason for Nigeria traders to be looking for any e-currency again after lr story. i hope mate starting researching on this broker, it will do much good especially the funding and withdraw issues

a trial with little funding is not a bad ideal sha.

happy weekend

Here is one of their client experience

I have been trading with Forextime since the 26. March 2013 on their so called "ECN" account since any kind of trading strategy is allowed on this account (I have confirmation via email about that ANY trading style is acceptable on that account from employee Mr. Vassos Demetriou which I will attach to a Traders Court case I plan to open later on).

After making a really good profit on the account until the 18. April 2013, I´ve received an email from ForexTime that there has been a "technical problem" and ALL my trades have been errorness. Because of "good faith", as they called it, they would allow me to withdraw my profit I´ve made until the 16. April only and which I have received fine. The remaining profit would be credited to my account as a credit that I can use for trading, but can´t withdraw.

I did not agree with that at all since I want my profit to be paid (same amount as the profit they allowed me to withdraw) and not as a credit on my account. However, ForexTime did not allow different. So I´ve tried to continue trading with the credit, but all out of sudden all my trades have been delayed by 3 seconds+ each time on their so called "ECN" account (before that I always had execution times of 300ms on average, so a big difference here), making my scalping strategy impossible to profit. Additionally I was getting OffQuotes and "Order is locked" errors all the time as long as the order was in profit and I tried to close it. That´s the typical "tricks" I would expect to see from a market maker but not on an ECN account.

Since that, our email conversations have been of not really helpful nature. ForexTime pretends they can´t do anything about the trading conditions and that it would be a "new technical problem" and my remaining profit hasn´t been released to me.

Here is my complains and requests about what I think is the right thing to do by ForexTime:

1) Allow me to withdraw my remaining profit I´ve made until the 18. April 2013.

2) I accuse ForexTime of the fact that they´ve told me that ANY trading style is valid, and then tell me that isn´t the case and do not allow me to withdraw my full profit. Even one day before I received the complaint from their treasury officer my account manager encouraged me to continue trading like I did and even wanted to buy the EA from me.

3) I accuse ForexTime of falsely advertising their ECN account which in reality doesn´t seem to a be a real ECN account since ForexTime seems to have an interest about how I trade and seem to be market maker even on the ECN account - no other explanation is possible because otherwise they wouldn´t care how much profit I´ve made. A real ECN account forwards the order to an ECN network and the broker has no interest in if I win or lose. ForexTime seems to falsely advertise their ECN account here and seems to be the market maker on that account which is simply false advertising, even tricking their clients.

4) I accuse ForexTime, after the 18. April, of manipulating the trades on my account by using a "Virtual Dealer"-type of plugin which artificially delayed my trades to exactly 3 seconds so that I can´t profit anymore (since I do scalping, 3 seconds execution time will lead to losses only). Again this is totally unacceptable in general, but especially on a so called ECN account where the broker just forwards the order to the ECN and especially if the execution times one day before their complaint have been 300ms on average I don´t believe them at all the delay is a new technical problem. Especially also because I have a friend who trades at ForexTime too and on his ECN account the execution was still perfectly fast at 300ms as before - so only my account "out of sudden" had the 3 seconds execution time.

ForexTime is playing many dirty tricks here, I don´t want to continue trading with them of course, but want my remaining profit to be paid to me and not used as a credit on my account instead. I don´t have any use for the credit on my account since they delay my orders so much that I can´t profit with them anymore. Additionally it should be verified by CySec (whom I have complained to as well, but haven´t heard back yet in 3 weeks) what relation ForexTime is having with the order execution on their ECN account. I suppose they are market making on this account, otherwise there would be no need to delay my orders or care about my profit! Other clients should be protected about the same happening to them.

P.S.: It´s also to note that as the previous posters says, they are connected with Alpari NZ. In fact ForexTime uses the same offices in Cyprus Alpari NZ has been using before and ForexTime is founded by an ex-manager of Alpari. The connection also shows in that I also have started to receive those execution-delays after the complaint from ForexTime about my trading-style on my Alpari NZ ECN account. They seem to use the same liquidity as Alpari NZ and have informed them to "watch" my ECN account there too for sure. Because as I said, out of sudden the execution on my Alpari NZ ECN account also took 3 seconds. Since you can open a new ECN account in the backend of Alpari NZ, I did so and this new account didn´t have the delay my previous ECN has. This smells, but belongs into a separate post about Alpari NZ.

iheanyiebeneze: when you click FUND DEPOSIT/WITHDRAWAL, you then select TRANSFER METHOD, you will see under the BANK WIRE TRANSFER. you will see the NIGERIAN LOCAL BANK WIRE TRANSFER. it is second to last.NOTEW...forextime.com IS DIFFERENT FROM w...forextime.nz.co.AM ONLY TELLING YOU ALL THIS WHILE ABOUT W...FOREXTIME.COM.

if this your broker is good, i see no reason for Nigeria traders to be looking for any e-currency again after lr story. i hope mate starting researching on this broker, it will do much good especially the funding and withdraw issues

a trial with little funding is not a bad ideal sha.

happy weekend

fxisreal: sl hit

but re-entered Long @ 1.5142 sl 1.5112

exit my Gu with +40pips

enjoy weekend everyone

fxisreal: bought Gu 1.5194 Sl @ 1.5174

sl hit

but re-entered Long @ 1.5142 sl 1.5112

bought Gu 1.5194 Sl @ 1.5174

Odionastron: Please @fxisreal I have sent you another mail

will ring in 5 minute bro

fxisreal: on this current position will be looking for exit around 1.523x level

goodluck every one

@ ogboraph hope u remember this post. that levels likly to bring lit pullback sha 30, 40pips no be joke with ur big lot

on yim now sha

Ogboraph: sir i ve dont as you said i ve close part of the trade on % and this is what 1hr TMF looks

could hav been fine to close Gu for better re-entry later could retrace at this levels

Odionastron: @fxisreal
pls i have sent you another mail.

replied

ishow2005: Infofirst can not do this right now, am helping him.

Broker message: Your funds are safe with Liberty Reserve

Dear clients!

As of the present moment Liberty Reserve payment system is unavailable for deposit and withdrawal operations.

MasterForex guarantees complete security of your funds that were deposited to trading accounts using Liberty Reserve.

In case you added funds via Liberty Reserve, any time you may withdraw your money using the following methods:

• Fasapay
• Mpay
• Bank transfer

The situation at hand doesn’t in any way affect trading operations conducted on trading accounts that were previously funded using Liberty Reserve.

Choose a payment system that fits you and add funds in the most convenient way!

Best regards,

All this saying is just for traders to bring more money, if u deposit with lr withdraw first and hear what story they hav to cook.

Ogboraph: i am the most happest oerson this week my account is back @Fxisreal canyou see what i was saying to you on YIM? thank you so much for multivating me. now take profit target is hit on GBPUSD and my EURUSD my target is 1.3115 buy i will close 1.00lot now on this EU and leave 1.00lot to hit target of 1.3115. and now i will also close 0.80lot on GBPUSD. heavenly father thank you Jesus

Good to see u made back your last week loss, how i wish u can be sticking to the rules and reduce much of your lots. it will pain me in particular if this $8000 go down margin call again. as i said b4 $8000 is enough for some traders to sack his employer. with 40% monthly u know how much that be in Naira.

Goodluck

Odionastron: i have jst sent you anoda mail plz

replied

fxisreal: Sold UC @ 1.0383 1.0428

exit my news trade UC +81pips

fxisreal: as i said last week watching that level 1.507x in as much as price stay above that levels, it no sell for me again will continuing buying on a pullback with atleast 80 - 100 tp at a time.
goodluck every one

no serious sell for me on GU except for quick gain till around 1.6xxxx

above is my plan on GU
will be looking for opportunity to BUY

fxisreal: Gu re-enter Long @ 1.5085 Sl 1.5005

Gu exit with +130pips

Prettywoman: as simple as that but after 6months

and these are the pple promising 100% bonus for traders. i hope traders go wise one day

i think rozax5 don snatch moderator girlfriend with his forex loot because i c all his monika ban, don worry they can not ban u from broker continuing making your benji in NL prison

Prettywoman: White men can display too much sense,they think they ar wise,by the time people start looking for better brokers,they will come up with one promise of bonus or the other as advert to get back their clients...it is well

too bad, they even put clause "provided an account was used for trading during these 6 months" they know much of the account will be blow before 6 month, i see emotional trades kills even good trader here

Prettywoman: Dear customers,

We have to inform you that cooperation with Liberty Reserve has been terminated as the payment system had shut down.

The case falls under Clause 7.7.1 of the Public Offer Agreement, according to which all the funds deposited through the payment system that later disappears are deducted from the trading account of a customer, as the company is not a guarantor of any payment system, and the money received through the payment system is stored on the company's accounts with the system enabling the company to quickly process your withdrawal requests.

Nevertheless, the company's management has considered that a lot of partners and customers used Liberty Resserve for funding their accounts and made a decision that Clause 7.7.1 of the Public Offer Agreement should be exercised in the following way:
1. Withdrawal of the funds deposited through Liberty Reserve is restricted for 6 months starting from May 30, 2013;
2. Since November 30, 2013 the withdrawals will be available, provided an account was used for trading during these 6 months;
3. Since November 30, 2013 at processing the withdrawal request, InstaForex shall deduct from an account 50% of all the funds deposited through Liberty Reserve. The amount of a requested withdrawal should include this deduction.

We strongly recommend that you use reliable payment methods such as bank wire, international bank cards, local transfers, Skrill, LiqPay, Payza.

What is this one from Instaforex,they cant be serious ooo

see the way they treated the e-funden traders, y should they wait till 6 month b4 withdrwal and when the time reach deduction of 50% kai this is wicked. God dey sha

fxisreal: am getting ready to trade the US news at 1.30pm will continuing study my chart close to that time to take the trade

Sold UC @ 1.0383 1.0428

am getting ready to trade the US news at 1.30pm will continuing study my chart close to that time to take the trade

solosamste: " Ogboraph:
my man thank you so much can you see what your advice to me has done? i was buying on every pull back on GU and EU on friday and this is my account balance from that day i deposited $1100."


Pls kindly let me know the time and the price for the pull back and which currency pair doe it work with ?

the guy is currently on ban bro

iheanyiebeneze: TRADERS IN THE HOUSE, ARE YOU PEOPLE SEEING WHAT AM SEEING IN GU(PIN BAR)1H CHART. WHO IS READY TO GO SELL AT CLOSE OF HOUR.?

bro weting now, let me enjoy my rise small now. still holding my Long till 2morow US gdp

fxisreal: bad here Gu stop me out looking for new entry, no shaken

Gu re-enter Long @ 1.5085 Sl 1.5005

infofirst: done n looking for new entry

bad here Gu stop me out looking for new entry, no shaken

maybach-music:
GU hmmm, break nah

patience is the virtue hope it move soon

Piponomics: If you have a hundred dollar account at 1:200 leverage and another on 1:500 and take 0.1 lot size trades on the both, the second account will have more free margin percentage than the first. This is where leverage becomes bad as the trader with the second account would be given a false sense of security he will go ahead to enter more 0.1 lot size trades and blow his account.
So in essence, the bigger the leverage the easier it is to get decieved into using bigger lots and opening more trades.

Pipsland78: A higher leverage only allows you to be able to trade using higher lots on thesame balance as against lower leverages. In other words, assuming you have $500 in account A which is on 1:100 leverage and same amount in account B which is on 1:500 leverage, while account A may only allow you trade with maximum of 0.5 lot size, account B may allow you trade with maximum of 2.5 lot size.

Thanks u bosses
like 2 drivers driving at the speed of 200km/hr and 500km/hr
who is likely to get to the destination first if thing turns to their favour and
who is likely to die with no traces of part of his body in a horrible crash if the road is bad

Piponomics: Oga some of us have poor sense of humor so we tend to take things too serious. Me especially. Anyways back to your question.
Leverage is kind of a provision that allows you trade with money that isn't yours. It magnifies your balance if you understand what I mean. It is chosen when you are opening the account and you cannot change it from the MT4 platform. You have to contact your broker to change it for you.
Lot size is the size of your position. When you want to place a trade and choose 0.01, it means you will get ten cents for every pip. 0.1 means one dollar for every pip. 1.0 means ten dollars for every pip. 10.0 means hundred dollars for every pip. Etc.
You can read up online if you are still confused.
Have a nice day.

welldone boss,
..and i believe some guys here would like to know the diffrences between a position open with 0.1 lot on 1:200 leverage and on 1:500 leverage
can you explain that further pls

Odionastron: pls i need to talk privately with you. pls whats ur email?

bro pm me or leave ur mobile number here will get back to u

Ogboraph: my man thank you so much can you see what your advice to me has done? i was buying on every pull back on GU and EU on friday and this is my account balance from that day i deposited $1100

though am not seeing 1lot, 2lots on a pair like last week and u hav been putting Sl on ur trades but still u are on over trading with too much position of 0.50lot trades at a time. if you have 2 , 3 accounts and this one is aggressive account fine, but u only have 1 account, this is still not good enough. always remember the rules bro. wishing u good week ahead