₦airaland Forum

saxy4c:
That's my major concern, getting the money. Because a lot of them out there just manipulate prices, and don't pay.So you mean my demo $1k can turn to 10k by next week, I've done the needful let me see how this goes.

Just like FX brokers, you only trade with regulated and registered ones.

meshpips:
Bro, do yourself some good and buy a power bank for your mobile device.

You make so much from trading and your school right? You nor dey charge phone inside your car? What about your generator?

Why is your battery on 13% ?

It tells a whole lot about you.

I have learnt to read between the lines.

All the best!

We humans are funny. So Low Battery means lack of money. I just laugh! Anyway, my house is solar powered, I have light when ever I want. If it may interest you, I can also charge my phone in my car. This is just so irritating. Anyway, na me give you room to talk to me.

saxy4c:
Oga allow the 9 others that did not come back and focus on me that is here na? Now all you have just done is brag, say you will charge me, then brag again , all against your preaching here.
When you say you removed 550, did you withdraw it and have you gotten the money? Again I ask which broker. I know why I'm asking these oh my dear brother.
You will take commission from those that sign up under you and still charge? Guy allow people benefit from your well of wealth.

You are funny, first you didn't follow my instruction to show you are interested. Second, you need know the difference between confidence and Pride. So I am bragging if I tell you I have done x30, or that I have made over $1M dollars as a hedge fund manager. Nope, I am simply stating the obvious. Anyway, if it sounds like bragging to you then I have not even starting talking. This is not about making noise, it is about making the money. Results is all I wanna see not even analysis or charts. Show me results then I can believe your future analysis. What I am against is people bragging and making noise here knowing fully well they are not profitable traders. Why can't they just keep quiet? Anyway, the 'bragging' pics below should answer some of your quest. See you next week

saxy4c:
Oga what broker is this? We are still waiting for the sharing though, help us find new love too.

lol, I will share what I do soon as I said in my post, I am creating the time to do so. Though no one quoted the post as instructed, implying we don't need it here or we are too proud to admit we can learn more or maybe we are doing so well thus far in our trades. Hopefully next week, I would start a new thread on it and post the link here. From what I was trying to show us I did $200 to $900 this week, removed $550 today. So when I said (X10) in weeks I wasn't joking. Yes, I would find a way to benefit from the service I will render as I 'should' charge a fee and give a referral link to the broker I use. Only People I see under my link and are willing to pay for the service after understanding the basics of what I do will be carried along. So see you next week for details. You can check the before and after pics of the prediction I made here this week, it gave me good cash.

GladmanGoddey:
What was your plan b4 taking the trade?

Very Good question to ask. I don't even know why we buy at a high.

teemy:
Funny I recently was trying to bring up a similar observation. Some traders will do better trading binary options compared to forex trading. if you have a trading system that most of the time goes towards to direction within x number of minutes or hours after trade start but due to other factors may or may not hit your TP, considering binary options might be the way to go.

Don't mind those attacking me already without a knowledge of what I do. I can see you get the picture already. Let them be forming bosses with nothing to show for it. They think they are doing me. But for You my friend, what you are seeing has magic inside of it. The Profit I am presently making from the AUDJPY sell from Binary Option could not have been that much if it were Fx. I Have done 100% growth in one month many times this way which is much difficult to be consistent within Fx alone. I simply put in small capital and multiply it say X10 then withdraw, rinse and repeat. On pure Fx alone my ability is about 5-10 % growth monthly. Hope you can see the difference.

Hello guys, How is the profit going? I would be sharing with us within this month on a Binary Options Project I am on. It has become my new found love.

I Would show us how to do a (x10) growth on even a $50 account in few weeks, it is a high-risk scheme and can be used by persons who know they can lose their capital. Don't worry, I will 'DIRECT' you. I have made good money from what I am telling you now (see pics below on my present running trade). I simply trade in Binary options instead of betting on it. Anyway, just quote this post so I know those interested and contact them. I 'should' charge for the service at a time, still making up my mind.

My Outlook. It would take some time to get there. I Sold yesterday though.

I can see only about 10% of traders are having trading challenges in here. The other 90% are doing so well they can't help but show off. We have completely reversed the statistics. We try!

We are crashing accounts and still making noise, we are in big forex debt yet we are not yet humble. From the day you started trading still date, you are on serious negative yet you can't hide yourself and work on yourself. Lets just keep deceiving ourselves. But for Newbies in here, hear the truth, many persons in here are in serious debts and problem caused by forex yet they pose as professionals. Many in here are not successful at the end of the month yet they fake it. Don't get deceived

i seee

Hmm, good one here.

Jayshennel:
Your signature is not more going through

Send me an email then.

Good one op

Happy new year to us

Good News, application for the 2020 edition of the Tony Elumelu grant for entrepreneurs opens tomorrow. This time around, over 90% of applicants will be selected and first pass through the 8 weeks online Business training. 1,000 persons will later be selected from the grant after the training. This means you need to prove yourself during the training in order to get the grant. So, get ready!

Join from my signature guys

Ijaycool:
Basic professional cautionary measures are carelessly disregarded in this Country.

This isn't the only Nigerian Government website with such vulnerability. Somewhere in the CAC website just by entering the name & CAC reg number of a business you can find everything about a business, including names and addresses of the directors, their contacts etc. This is appalling, on the backdrop of the fact that most firms include their CAC number in their insignia. Many other sites can easily be manipulated to get very personal information on people.

It's sad that we don't have a working SON (Standard Organization of Nigeria), or Consumers Protection Agencies

All you even need is the business name. https://.gov.ng/ComSearch/

Jayshennel:
Please add me to the group

0703 868 8609

okay, I just edited my signature for your request.

Annabechick:
I am interested

pls send me a mail, thanks

The 2020 application starts on new-year day. If you want to get direction from Alumni who got the grant for free, join us.

Riele:
He was a pastor ! Wasn't he prayerful enough ? .

God , why did you let this happen ? .
What reply will his family give to those who taunts ? .

God , sometimes , you make me doubt your existence .

I'm so sad . I also lost a best friend today . He too served you .

I dedicate this FTC to my friend Isaac . May his gentle soul rest in peace .

So only unbelievers should die by accident? The sun and rain affect everyone Dear. Our confidence is in Christ knowing we will see Him immediately we close our eyes on this side of eternity. No matter how a christian dies, he still wins.

bojbest:
Guy’s Honestly JerryQ made the point.

Here are things new traders should know. Forex is not a GET RICH QUICK SCHEME.

It’s like a business where you make profits after subtracting your wins and loss.

It much easier to live on 10% of $100k account than to live in $100. Also I see people carry $100 to $1k in months, then in 3months the business crash(account blow)

Let me share and example:
Someone came to tell me forex is a scam, i should he careful. I said I fully understand, that I’ve been in his shoes before. Then I asked why did he say so?

He said someone came to his office, pitched to them that he would give 75% each month then they share the profits...I laughed. Then he said the first month was fine, the guy brought the returns and pitched to them that they should re-invest. Then the trader lost it all to the market.

Honestly, I was like Bro you were greedy. And these are the emotions that moves this market...Fear Greed and Hope... So what’s my point, in reality what ever we acquire so fast, we tend to lose it.

How do you trade like a business:

1) Learn the skill: When I started here, Infofirst would say, if you cannot make money on demo you can’t on live. Since I don’t like demo because it doesn’t involve human emotions(Trading) I’ll like to rephrase this quote, If you cannot make money on your Cent account, you won’t make money on your standard account.

To new traders and are ready to go all in, dont demo trade, start a cent account and lose money. It won’t cost you much.
Also if you are making roughly 300k from your outside business, you have no business trading live because it won’t look good.

2) Letting winner’s run and cutting losers short: This advice is to all traders. I see most people make profits from the market and say its markets money. Honestly if you make profits from the market, ITS YOUR HARD EARNED MONEY. So how do people make 75% and lose it back in few month? They don’t cut their losses fast and also they don’t let their winners run. This is what we call discipline. Honestly I learnt this blowing money.

3) You don’t need to trade everyday to make money: My mentors like jesse livermore who wrote How to trade the stock market( I don’t trade the stock market, but the same psychology applies in all markets) he said money is made by doing NOTHING.

4) Never take signals form any trader online. Honestly this was a mistake I made in my early days, so here’s how I refined it, I looked at professionals on IG then When they say buy, I’d go to the charts and start looking for why the person is buying. In trading as a business, you are the captian of ship(trading account) If your ship crash, its definitely your fault. Never let your ship Blow .


So guys this are thoughts that I felt like sharing, and I hope it will improve new traders in 2020. I started trading in January 3rd 2019. I lost all my savings, lost borrowed money from my dad but there is one thing I didn’t do. I didn’t Quit.

I’ve not break even with my loss to the market at the moment, but I can tell you, July 2019 was the last time I crashed my ship(account).

So when you take losses, don’t react. Just take responsibility and look for the mistakes then learn from them. Honestly we get better when we learn from our failure.

I wish everyone the best in 2020 trading year


Ps: this was typed from a phone, please ignore any typo or grammatical errors

This touched me, Bro. I see traders sell their properties to fund their account, sell their cars to fund their account, stop their work to focus on trade and I just pity them. I know at least two persons that went to jail because of Fx, one is still in there as I write. The other one came out and started another biz outside Fx, He is very okay now financially. A friend of mine is indebted to N6Billion cos of Fx, another is indebted to N1Billion, some can't go back to their towns because of monies they have collected from people. Some can't marry because of the problem they are in. I know people who completely left Fx and focused on something else and they are very okay financially after about 5years, one just dedicated his house. So, let us stop painting the picture like Fx trade is the best thing in the world, like outside Fx you can't live your life to the full. This is business and not a bet or Yahoo, Yahoo.

The reason I still trade Fx is because of the long term compound interest it allows me enjoy otherwise why should I apply my energy to something that just gives me 5% profit monthly when i can sell bags of locally made rice and make over 20% profit. Go see youtube channels making $50k weekly from just posting a 20Mins video daily and you will think well. Then you will know that the 6hours you give to Fx daily is shortchanging your destiny, if only you follow those tips i shared and don't allow Fx steal your youthful energy. Yes trade Fx but don't allow it trade away your glorious future.

saxy4c:
Chei brother, I think if only you'd done away with the first line, we'd have not gone through all the banter that followed your comment. You actually do have a point, so does He.
From my little experience in trading systems, psychology and equity level - it is much much easier to take 1k to 10k, than to take 100 to 1k. Even with same trades and percentage risks. But the point you're trying to prove is very valid, whereby it's possible to take your 100usd to any amount but that's under much greater pressure.
I think he was just trying to recommend the ideal scenario, but in Nija that is very farfetched because the average investor hasn't even seen 1k to invest. What am I even saying, 100usd is a big deal for a lot of people. I'd recommend we stick with what is attainable and feasible in the eyes of the average nigerian trader or prospective investor.
Furthermore if you notice I emphasize a lot on simplicity of strategy and psychology. Trust me if one can get a grasp of both factors, there is no telling how far you can go in this trading journey.
Let us try to be cordial and positive in our dealings with one another, I doubt if anyone is here just to bring the others down, maybe just a few with the typical negativity and low self esteem that comes with a pitiable few which I've learnt to ignore, but most of us are here to make money or help others see the way, let's focus on that and smile to the banks together in the coming year.

His first Statement didn't disturb me cos I know you don't argue with experience. I know many here understand what I am saying and they already have other sources of income. For those still bragging they are full-time traders with a $1,000 account, it is just a function of time, they will understand this point and join up. By the time they can't marry at 40, or can't pay rent at 35 or can't own a house from the proceeds of Fx at 50, they will understand this point. Some of them are still in their 20's under their Parent' care so they don't understand. Years later when their parents will seize their laptop and order them to go find work, they will understand (i have seen this happen to a trader). Some are already feeling this heat hence they resort to deceiving newbies into paying for classes and indicators they themselves can't make money from. Study successful traders from other continents and you will see over 90% of them have other sources of income. The other 10% are living off from the profits they make from the big accounts they trade. One condition for me to teach you Fx is that you must have other sources of income. If you don't have then that is the first thing we are setting up as you are learning the trade. Gone are the days when I trade from 6am to 6pm, i hardly spend one hour each day trading, the rest of the day should be put into some other profitable pursuits.

wiconse:
you said people can't make a living from forex without having up to 10k which is not true. my point is you can grow 100usd to 10k with time. all you need is conistency. if you really understand this market very well, no amount is too small or big.
Take an instance, whereby i have up to 20,000usd as my balance. it is going to get blown if i don't know how to trade. after that, i might decide to learn or i can say that forex is a scam.

the most important thing here is education. knowing how to trade is key to success not some 1million dollar account

Okay allow me paraphrase: If you are not getting the life you need from FX at the moment, pls start up something else that can help you live your life while you get your FX fixed.

peteregwu:
I have a friend that started trading with 100 and turned it to 5k in just few month. I think he was just good at Forex. Maybe thay is his calling. He doesn't read chat or start make use of some tech analysis or most of these instrument we use at time. All he does is to look at the market chat and take his trade and his tp, believe me majority of his trade always hit tp. I have told him to teach how does it. But he doesn't know how to teach.

I do wonder what kind of person he is. now the guy is raking thousands of dollars every week. He said he has spent 11yrs trading and has lost huge amount of money. But he never gave up until he got rid of all the way he was thought about Forex and developed his own way of trading. Nna mehn make me self be like that oo..

His case is a unique case in FX. Very few traders can multiply account X20 in few months. I have only been that fast once or twice, I have done 3k to 90k in one month but I can't tell you that is how successful traders trade. I can however tell you that if you can make 5% growth monthly in this market, you are doing very well forget about what you see others getting. Very soon, 5% profit will amount to $100k.

wiconse:
quite impressive. but then that is for hedge funds.

what about those with few hundreds of dollars? the market is so big that it can accommodate everyone, it all depends on which angle you are looking from

You don't still get me. For those with few hundreds of dollars, don't depend on that account for your up keep. Start another business so you can be relaxed to trade your few dollars to any where you want to take it to. I gained balance in FX and became profitable when I started a school. The proceeds from the school takes care of my family so I don't put pressure on my trading account. I am running a 5 years compound interest plan on one of my accounts right now , cos I have something else sustaining me.

Then you could have Simply asked. I will tell you anyway. I have traded for a hedge fund company and I have seen most traders account and how they grow or die. When I tell people I have traded a $650k account for a hedge fund company and grew it to $2M, they don't believe until I show them the statement or the 10% profit alert they paid me. So, I have some experience.

This is why i quoted that amount, the best of Forex traders hardly make 20% profit every
month. I mean the very best of the very best of traders. Most good traders average 10% or lower monthly as their consistent profit. Do your research and search for traders that have been trading on same account for say 3years, you will see this statistics. So, if you have a $500 account and you make 10% profit, that is $50 per month as your earning, you can't live on that so start another biz that can help with your up keep while you grow your capital. But if you have a $10,000 trading account and you make same 10% growth, that is $1k/monthly which is very okay in 9ja. You can live on that and not necessarily need extra cash for your up keep. Even with a 5% monthly profit on a $10k account, you are still very okay to live in 9ja.

All I trying to say is with small equity, if that is all you depend on for your upkeep, you would most likely be Forced to over trade your account and kill it in the process. With a $650k capital, I didn't trade up to 30mins on an average daily, In fact I was only looking for 5 pips daily, I never traded beyond 9am, Nigerian Time. Cos 5 pips on a 100 lot size is enough to feed me for 1 year. But 5 pips on a 0.05 lot can't feed me for a day. I hope you get it now.

Ehmmm

wiconse:
bullshit. talking about 10000usd.

no matter your equity, all you need is to be consistent using proper risk management.

if you like have 1billion usd as your balance, if you don't know what you are doing it is likely t get blown. whether you have 100yrs experience or 1day experience the market does not give a Bleep.

protecting your equity and not overleveraging would help every trader get to his or destination.

so stop discouraging those with smaller equity.

We all know this, moreover what you are saying is completely different from what I said. Where did you see me discouraging smaller equity? Pls read again and highlight it/them?

Tip 4: Never trade on a borrowed capital or on a capital you would pay back if any thing goes wrong. Believe me on this one cos I might not have enough reasons to tell you why this is key to your success other then the fact that borrowed capital makes you trade with emotions and you don't need emotions in this business. Borrow money to grow your biz not a start an account.

Tip 3: Try to automate your trading system or trade on higher timeframe such that you only use a cumulative sum of 2hours Max, Daily. You can't spend all your life looking at charts and neglect other important aspects of your life. When I was struggling, I could hardly attend any event on working days cos I have charts to watch. I missed important family events cos I couldn't leave my trades for them. Where did it still land me? MC. Now, I hardly spend 1hour per day on my computer and it is working. I think this tip helped me the most