Like we have been winning when Messi and Co started, you guys should let the coach do his job na..Haba! he wants to do something different today, let him breath na.
benpuzzy: Oga, the fear of Boko Haram is the beginning of wisdom here. U know there target is places lile bar, parks etc. Where there is gathering of ppl.
benpuzzy: Oga na wetin loneliness dey cause, all my neighbors don travel 4 xmas.
Hehehe then go out na, cant you at least go out to spend part of all the monies you have made on yourself? na must you must open your platform? do something different so you don't die of boredom.
oziegbe2015: On Buhari we stand. I have my PERMIT TO VOTE OUT CLUELESSNES (PVC) ready to go. Time to reset the destiny of nigeria for the generations unborn
12ema: That is easy to explain. When your foundation is wrong from the onset and you expect to realize profitable results what do you expect? my brother i am 50 trades away from that amount. I am certain you do not know anyone that has done it because you do not know anyone that trades profitably. I personally know three, excluding my mentor and myself. You remember our marketiva days? i would expect that by now your understanding and concept will have changed. But no!!! you are still stuck in the old ways. If at more than 10 years you have not learnt anything then i cannot help you. I have laid out the secret and it is left to the new ones to accept and implement; the old ones are stuck in their ways. Come December 2015, ask yourself "what if i had done what this guy said in December 2014 where would i be now?" There is a reason why only 5 percent succeed in forex.
Good luck.
yes, you're among the 5% that has made millions in forex, congratulations sir. now back to the point of discussion, you do not need to wait till you have $100K as capital before you go full time, depending on your lifestyle and individual goals, you can start with the amount that is worth starting a biz with.
This I have mentioned numerous time, you can withdraw and still compound which I have also explained but you believe your way is the way or no way.
let me stop here before this degenerate to " my farm is bigger than your farm story".
12ema: Thanks for your input again. That is the price one may have to pay to be really successful. Patience!!! we are talking of a mere 3 to 4 years. I would ask myself "how bad do i want this?"
I have traded and knows alot of people that have traded and compounded for years with patience but I am yet to see anyone who built their acct as a part time trader to $100k in 3-4 years. Have you? do you know anyone Within Nigeria who achieved this as a PT trader?
12ema: Let me get this straight; one intends to live on a 10k account and hoping that every month is profitable will withdraw 50 percent of that sum for subsistence. Haba bro's. That is hoping one makes at least 20 percent consistently at a minimum which is impossible. You may not realize this but i know for a fact that you and i have been trading for the same length of time. That's more than 10 years ago. Looking back, would you still say my opinion on patience and growing an account is wrong. Imagine knowing what we know now, trading the right way and compounding profits for 10 years; how much will that be today? Time flies like crazy in this business and it must not be wasted.
I know you won't be profitable every month, same with business. when.I say trade forex full time with $10k (1.9m), that does not mean all my source of income would be just forex. I don't think there is anyone (sensible) in this present world that has just one source of income but you can trade forex full time with $10k if you're the type I discussed previously and still compound your capital. even with 100k, you won't still be profitable every month.
Lastly, $10k to alot of trader is huge just as $100k is huge to most. but to wait till you have $100K as capital before you trade forex full time is like waiting for Phcn give us 20 hrs power for 6 months.
we're talking Nigeria here, be realistic.. $100k is #16.9m. how many people can wait to have this?
But then if you can, then fine, but this shouldn't be used as yardstick for average traders in Nigeria.
12ema: Omo, that is why many are stuck in the same mentality that will never make them succeed in this business. I did not grow my account in months, it took three years to get to where it is today. It was not easy nor was it fun. But i did away with the old ways where emphasis is on strategies and not managing money. Where risk elimination is a strange word. That is why i said get another source of income to compensate. When you depend on 10k account for subsistence, you put unnecessary pressure on yourself and the account. You don't have to start with a large account. You can start with as little as 2k and in 4 years have over 100k. This takes patience, compounding and money management. 3 to 4 years is not long. Before you know it, it's already here. Well, all i can do is show the new trader's what worked for me and how to reach true financial liberation. Not monthly 300 dollar withdrawals. That is not true financial liberation.
Quick question; you believe in compounding your profits right? That is what all great traders do and say. And you must agree it takes a long time to feel the effects of compounding. So, how do you effectively compound profits when you keep withdrawing from it?
Like I said, a $10k is the $100k acct you're looking to for some people. what you intend achieving with an $100k acct is what some people want to achieve with a $10k. it depends on the individual and you can't fit every one into the same room.
I answered your question in my previous post but here is it again, any profit you make in a month, you withdraw 50% of it and add the other 50% to the capital, this takes care of the question.
She took her service.state in good fate because she needed a place to.clear her head after the.incident that occurred while she was still in school. you understand now?
willscolf: d statement got me laughing in latin,2 b honest a $10k wud stil b enof for full time trading evn if d person makes as little as 20%or evn 10% of it per month,my reason is bcoz any1 in naija dat earns upto #150-#300per month ain't a poor man
12ema: Monthly returns are never the same. And you can have 2-3 straight losing months, i know i have. What do you do then? My belief is the whole point of trading is to grow your capital base for serious financial freedom.
Same with business, we end up not making profits sometimes in a month (i have a business and have witnessed this too), what happens when we don't make profit from the businesses some of us run?
For those working, what about some months you dont get paid? you're owed salaries, what do you do? it's still the same thing brother, treat forex as either your boss paying you salary or your business giving you daily/weekly or monthly profit.
Engrpj: let me get dis correctly...she said she's a fresh graduate n serving in Kaduna...but afta d beach saga she went back to skull n her G.P drop drastically......can sum1 explain dis
Maybe the latter came before the former, she must have been in her final year when it happened and her being in Kaduna serving is to clear her head after the whole thing. gerrit?
12ema: Chairman, you and i know that what you believe and reality are two different things. If if were that easy then the 100k would be easy to achieve right? It is not easy, and the reason it is not easy is because people have funny beliefs about forex trading. I too had those beliefs but thankfully my eyes are open. With all modesty, i have a very bouyant trading account but i am not delusional enough to believe i am anywhere close to making it. I still have a 9 to 5 job i devote myself fully to. For me trading is for real financial freedom and not withdrawing 300 dollars monthly. You say 10k, are you not going to grow the 10k? and how do you grow the 10k if you keep dipping into it?
Bro, this is why i said it all depends on the individual and their state of mind. to you, trading with $10k is going to be very hard, $10k is about 1.9M naira, most businesses in Nigeria dont have 1.9M as their total stock, yet these traders/business owners live from these businesses... how manage? their mindset, they treat the business with all seriousness.
My point? you don't need $100k before you go into FX full time, all you need is your mindset to be right, treat any amount you have now as your business stock, see the money as your overall business worth, then take trade as products, winning trades as business profits and lost trades as bad/defective goods.
On how to handle $10k without digging into it? like i said, it depends on the individual, for a single man, 20% monthly profit on $10k is $2k which is #390k, you shouldn't spend more than $1k which is #195k in a month, what should a single be spending almost 200k on in a month? the other $1k should be re-invested into the business.
For a married man with 1 or no kid, he can also start with $10k and achieve the same goals, it is all about the individual, to some $2k per month is HUGE, to some $2k is small, so you work accordingly to your lifestyle.
12ema: Oga mi; cool down and read the whole thing na. Even i don't have 100k. Hopefully next year sha. The point is to be patient and build your account small small
Half truth is dangerous, i believe trading forex full time must not be until you've $100k as capital, talking from experience.
For a bachelor, depending on how you spend money on living, with $5k-$10k, you can trade full time.
For married ones, with $10k upward, you can trade forex full time.
But then, it also depends on your preparedness. all in all bro, it depends on the individual because with $100k, you can still end up broke if you cant manage $1k.
That's what i have to say concerning your post (Seems the writer is from the west), everything else is okay by me oga sir.