Lanshile:
Hardwork pays Sha
Very soon we will all be comparing figures we make on propfirm on a monthly basis
It hard though most of us on here are still struggling to find our way in the market but never give up.
Nothing good comes easy
This forex always change ones mentality I swear
It destroyed me to the point that I do curse my friend who Introduced me to it but I do trade with peace of mind now
Grimmjoe I don't want u to give up ooo cos what usually pain me the most is the fact that knowing later on that the ppl u use to know on this thread later made it in this game
As I said earlier we may be struggling to be consistent but on to say we are doing it everyday without giving up means situation can change at any moment

They say trade with what you can afford to lose, how long will it take before you can no longer afford to lose anything.

That's when " Situation can change at any moment" motivate people into selling their properties just to trade.

Sometimes it's better to cut your loss, take a bow and move on.

Quitting a gambling addiction should not be seen as failure.

OfficialP:


Case closed You lack understanding

It's easier to attack me than to attack my point,. If I ask you what do I lack understanding about, you'll begin to ramble.

dmahn:
If you see me inside sun where I dey climb tall buildings to install solar panels, enter roof inside hot sun for wiring , wey be say if person fall, na fatal damage. You ll understand why we love fx, na only money we dey loose, you can't be sacked, You can't loose your life orelse u commit suicide

And then you proceed to lose your hard earned money on candle sticks, that's not smart.

The time you waste trading, you can learn online business and earn 5 figures, then quit you life threatening job when you're good enough.

You can never become good at trading, who are you to tell a trend not to hit your stop loss then reverse back.

OfficialP:



I actually thought you were joking when you called forex scam.

Losing one dollar made you call it a scam. Interesting.

Take responsibility bro

I don't have to say anything. Let me just quote what Channel5 from the crypto thread said.

" Ok, it is until I have lost $1,000,000 before I should call it Gambling..

Oga

Crypto Trading falls under the Gambling Industry, same with forex trading, same with sports trading, stocks is even kinda better. But you see all this up and down volatile digital monetary movement....na gamble

That doesn't change anything though"

infofirst:


In this Era of remote work.. Na so we dey sit for front of computer too. Do you know that some Cybersecurity remote jobs pay you six figures just to be playing virtual machines games?

That's what I'm saying, forex trade is not a job, it's gambling.

In trading you lose money, time, and there's the emotional abuse that comes with it.

infofirst:


You should have presented it in a better way so it does not appear you are discouraging some others.
It's difficult for me to keep mute when someone make it appear it's not possible to make a living in fx.

You hope to make it big one day, so you fighting me is you protecting your dream, I understand.

But many traders can't even say they are into trading, because deep down they know they are irresponsible.

dmahn:


Most people here are having a real job boss. Forex is a side hustle and a retirement plan for most. Real Job with this low employment rate, no Job security Low Salary?... Nothing in life is sure, so is forex bro.. Forex is the only way that looks easy for people to be financially independent. Looks easy but it's the hardest endeavour on earth. Don't be frustrated. You ll earn the reward for not giving up one day.. I don't like sharing screenshot of profit but I ll do this as a proof .. People are withdrawing steadily.. Attached is my recent withdrawal.. Its not big but I appreciate it

I know ordinary farmers that make more than that, is this the money that is supposed to buy you a car.

charly20:
Wait o. Is it this uncle that wanted to trade with $1? 700 naira?.

No be swap money be that?
Jesus! and una follow am dey argue?
Hei God!

If trading is a possible way of making a living, you have nothing to worry about.

For those that want to quit this addiction, cut your loses and move on.

Geovanni412:


Take a look at the pyramid below. If you feel trading is not for you, there is no need to disturb people on this platform. You can still be successful at some other skill. The trader, Al Brooks who has written many books on price action trading spent 10 YEARS trading before he became successful.

He's a successful trader and he's selling courses for $599. Why is he not making $40k like that lady, that's because it's not sustainable.

Like I said, the only way of making money in trading is by selling courses, hope you'll buy my books.

karkinase:

You won’t believe tho… anyway I’ve conspired the two and indices can easily make up for your losses.

Indices is better as it can't be influenced by external factor, but in the long run you will lose your money, and if you play too save, you account will never grow.

At the end if Indices is easier, deriv would have filed for bankruptcy.

Geovanni412:


You just dey quote statistics wey no align. Graduating from school and becoming a successful doctor are two different things. For your area, how many doctors you dey see wey get their own house and cars compared to how many wey dey struggle. If medicine been dey pay like the way u post for that picture, man dem for Naija for no dey look for how to japa by all means possible.

No need to play schematics, nobody make money in trading.

charly20:
If you say forex na scam, you are correct.
If you believe say you fit earn a living from forex, you are correct.

Una get strength to dey argue upandan. You get only $100 to trade with. You see trader wey don spend years inside the business dey run full margin, you sef carry your small $100, your one and only to run full margin. I laugh in bulls and bears.

The person wey show you him full margin trade, get 1000 $100 to play with so that if one cast, e get another one to use play and you follow am? Lol.

Let's say you're intermediate and finally got a $5000 funded account, you too wan follow run full margin so you go rake in $40,000? This delusion will only keep you among the 80% losers while those in tune with reality will be in the 20% success level in the pyramid.

It's the 80/20 rule. It is life.
My trades dem dey go well but far into October we will review.

Cheers!

That why it's gambling, let her show us her full margin that failed.

DestinyDjohn:


Why did you stop trading in the first place? You failed right ? and that brings you to the conclusion that there are no successful trader out there without selling a course I laugh in Swahili...No dull yourself yes I know most of us are still struggling to stand strong in this industry but believe me when I tell you I know guys making 6 figures in this industry without selling any crappy course low key.....well if you feel say na to sell course be your calling then go for it and stop discouraging others

I'm not discouraging them, I want them to know what they are getting into, by the time they start selling their property to trade, hoping to make it back, that's when they'll
realize what they have gotten into.

Lanshile:

Bro let me tell u the truth
95 percent of traders here will fail
It is not about the time they dedicated to study,or to the chart but it is what they are doing
Those who are extremely close to the point where they will make a living from forex on here are less than 10
I do study the entry point of traders here since may cos I use it to add more to my trading method and the ones who really make it big in this game are
Charly20: As a trader who dedicate his time into this stuff they don't have to teach u like a kid before u know what's going on. Just look at his chart and open ur eyes really well to see things u will discover a lot
Fxwarrior: he doesn't post chart but just study his entry point
Gabsonfx: I hard a really difficult time with his chart but found something interesting
I have a screenshot of his call that I took for studying during weekend
It is not about posting huge profit but how u can survive in this game and let's up our game and learn more
This thing isn't designed for us to win that is the reason why one guy was talking about using diabolical means but with hardwork we all can get there
Before u guys come for my head I'm also a learner
There may be others who are also good I'm this but out of all the people posting chart,trade calls and who trade high timeframe these are the ones I discovered to be exceptional and if u just sit down and study their entry it will go a long way to help

That's just moving average and stochastic oscillator, , those indicators are know to provide false signal,

Donsheddy:


At this point I give up....
Cus you ain't informed.....

Once you're good in trading you will be successful no two ways about it

Post your history make we see, Oga successful

infofirst:


You did not understand my write up. How then do you want to understand this complicated market called fx.
I am not trying to make you understand anyway bro. My write up will not change your belief. I wrote for those that will understand.

God will bless your next hustle

If it's so complicated, why not get a real job, jobs where you are paid for the amount of work you put, more work more money.

In trading, you can sit in front of your computer for 24 hours, yet no set up, it that life.

This isn't my belief, it's just facts, no one is making money from trading.

Geovanni412:


Try using a cent acct on brokers like fxtm or exness instead of deriv. Another thing -- never trade till 2-4 days after the market breaks a swing high or low on the daily chart: that is probably where you are loosing money from. You make the money on trend and lose it on ranges.

If it's that easy every body will be making it.

Forex is unpredictable.

Yamiriflathead:


You can't trade forex with the ordinary eyes bro, forget all those strategies. No strategy works, those indicators were created for you to fail.
Africans are the dumbest people on planet Earth, the whites came and took away our religious beliefs, gave us theirs and our mumu have been Legendary since then.
If you want to make it in forex, go and open your spiritual eyes. It's called spiritual strategy stop depending on the white man's strategy. Ask elliotwave, e go confirm

Forget Elliotwave, that guy make consistent lose, ask him to show his history, his loss is enough to start import and export.

Donsheddy:


But there are millionaires....
And there are those that earn a living from it...
Steady income.....

Imagine having an equity of 300k from prop Firm....

And making 1% profit every month...

That's 3k dollars....

Easy ride but no...

We want to make 50% in a month ���

That's the problem

It's very easy to fake being rich, most so called successful trader don't even trade, they just sell course.

If I ever go back to trading that's what I'll do, sell course of $350, use the money to brag as forex earnings, rinse and repeat.

As for prop, no firm will give you that money, you a Nigerian, a third world country.

Emmizay12:


I made over 1000usd yesterday trading Audusd, I just withdrew 300usd this morning,,,,,.I greet my neighbor this morning,,,, if only he knew I just made NGN700k yesterday night,,,,, Forex is crazy man,, and I love I with my whole strength becos of the unbelievable money I make from it....

if only you know how many losses I've taken to get to this level I almost gave up,,,,and I still lose here and there,, but bottom line, make sure when you win you win big, and lose you lose small

keep on thinking about African people failures and where the money goes ehnnn,, make I cashout in peace enjoy my life codedly

Be saying true, you have lost more money than you've made, I dare you to show us your history.

Donsheddy:



For this Nigeria?

Why won't 90% of forex traders fail ....
Do you know the dedication and years of study it will take you to become a doctor......
How much money you will spend on books and research etc



What's the statistics of those that tried or applied to study medicine but didn't make it....

You practice on demo 6months...
You get live account and expect to become a billionaire......

There are no billionaire in forex, those that I pity are the one's that quit their job for this scam.

infofirst:
By default, only selected few will be at the top of their career. Or be in the middle class and above. There is no spirituality or level of work that will change that. But the good thing is that, most of us have the ability to determine where we can be in the pyramid of life and only few have no control over that and example is that child born with all form of disabilities you can think of.
Impatience, indiscipline, greediness name it makes it almost impossible for most of us to explore the potentials we have.
There will be many losers in fx just as it is in life. It is not a curse. It is law of nature.
If every man is awarded $1billion today with no inflation. In less than one month... There will be millions of men with nothing to their name again.
Do you know how many millions tried to have a site like nairaland but never made it. Is it safe for me to say that trying to be a blogger or website owner is a mission impossible?

Forex trading is profitable. But 1% or less traders will be profitable from it.
Medicine is profitable but less than 1% will be able to become medical doctor........
It is what it is.

I don't want to talk too much, but this isn't true, let's not motivate people into losing their money.

Again, they have succeeded in wiping my account I officially quit trading.

Going back to my job where I only make money, not lose it.

Trading should be illegal just like gambling.

Please nobody should respond to this comment so I wouldn't shift aggression, thank you.

Galleryeasy:
when we make their annual salary overnight,Dem go call us scammers . This is what my friend made a week, she is a lady ooo

I wonder the amount of dedication it took to get to this level, true true, this one supposed be screen saver

karkinase:

You are using indicator to determine price levels.. that stuff lags big time..

Indicators are like stars, they already happened.

To think that this demo account started with 10k, oh well, the fun continues.

Demo account is sweet, $278,000 in 1 day,

Growing a 1 dollar account.
Day 4: $2

Finally I got to 2 dollar, I feel accomplished at the same time worn out, if this was a 100 dollar account, it would have been 200 dollar, with same amount of effort.

So if I no longer update growing a 1 dollar account, means I'm taking a break, indefinitely.

Obnoxious2001:

No problem sir.

How do you come up with trading strategies

I'm the wrong person to ask this, ask Elliotwaveforec, just one of his successful trade is enough to change anybody's life.

Pristine664:


Well written boss. We go again.

And na your ginger for here make me enter my synthetic account yesterday. I may close it anytime from now sha cos weekend is over. Make I trade real market lol.

Trend is everything in synthetic.

Yeahp, trend is everything, but this your multiple entries, balls of steel.

Geovanni412:


Bro,the trading mathematics doesn't favour scalping. I love your energy but why synthetics instead of trading GBPUSD or EURUSD. Someone who traded GBPUSD short this morning could have made 6 dollars with a 1 dollar trade. Consider am, bros.
Also with scalping, you need accuracy of over 80 percent to be successful. Assuming you have 10 trades of 1 dollar each and risk:reward ratio is 1:0.7, the maths is this:
For every 1 dollar you have $0.7 dollars as profit.
So, for 10 trades with you winning 8, you have $5.6 dollars as profit
You lose 2 trades, you lost $2 dollars
After taking 10 trades and risking 10 dollars , your overall profit is $3.6 dollars

Why waste all that energy and trading talent when you can take one trade on GBPUSD or even EURUSD and make similar amounts?
Even as EURUSD dey move slowly, this morning alone , with 40 pips stop loss, if say you risk $1 dollar, you for don chop $2 dollars. You get my drift.
As for indicators, they are not that bad. Indicators that help identify potential support and resistance areas like Bollinger bands, average true range (ATR) etc can help reduce time spent in calculating potential support and resistance and get much better entries.
The indicators should be used in conjunction with price action to estimate move length. According to Steve Nison's book , Beyond Candlesticks, a trend usually exhausts itself within 8-12 bars- he calls it 'Bones of Sakata'. Now, since ATR measures volatility or range of a bar. Instead of counting bars , I used ATR to estimate where that key support or resistance area will be. For example: 8-12 ATR from swing high on monthly is oversold region and vice versa. You can test this for USDJPY and EURUSD pairs for yourself and see.
Cc:
Elliotwaveforrec

It's all good

Obnoxious2001:

Boss how can I connect with you make I dey grab one Or 2 scopes on this trading game

HERFXHUB:
ok, thanks for the reply... how can i reach u?

When you're ready just ask your questions here, but I'm not certain I have the knowledge to make anyone an overnight millionaire.