₦airaland Forum

infofirst:
Mff na the scape goat.. Oti lo. It's looking almost impossible for them to win the case. Yankee regulators are thieves too jare. They make tinz difficult in this financial shit tinz.

Others hopefully learns and reshape and advice to fellow retail traders, diversify your investment. Everything will not crash.
I have prop accounts with 5 firms. Time to do $10k each across 5 more.

Kaybee7000:
See his excuse, should everyone in FTA does this and chat info up that the acct is not ours despite the fact that we have been parading the acct as ours from the beginning after been caught,what will then be the essence of taking part in the comp also ?

Yes u are transparent ,it is even glare now that everyone can see,abeg koshidanu potential thief

BrightFuture48:
The business model is very legit and also sustainable if they strictly adhere to it. Its very simple, if you're an expert then trade our fund for us.

But the failure rate is very alarming and these people started exploiting that avenue to make more money (greediness) forgetting the basis of their business. That's is why on normal ground it does not make sense allowing supposedly professional trader to take challenge more times. It clears show they are not an expert they are looking for and hence can't trust their money with.

You see this FX business is very tough and to master it you've to painstakingly endure many challenges with rigorous study, hardwork discipline. But it's quite unfortunate even somebody that's a newbie want to get challenge account.

If you watch a video made by MattLCEO of MyfundedFX, he clearly spell out the details of it, that's one of reason i love the guy. Only few traders make it to end and have a good, clear consistent track records that can be copied from their own end. So majority of prop firms only pay real expert from from failed challenges. But they might looking inward now to implement their model to the letter.

Donsheddy:
Prop is the future and is just getting started.... This simply means the model was profitable and wasn't a scam...I
They didn't close down because it wasn't sustainable....
Which means other available firms will learn from mff mistake and improve on it

BrightFuture48:
The charges against seems like broker dealer acting as bucket shop. Trading a counterplay to their customers while dubiously manipulating price against them. If this true then this very good for traders and we all need the sort of protection and regulations because it will get worse if other prop firms follow the same model. I think FTMO also use similar approach but don't think they manipulate the price much like MFF.

That's means the quality of any prop firms we largely depends on type of brokers they are using as their liquidity provider. You cant compare CFTC or FSA regulated brokers with any others.

Donsheddy:
Just watching this market move with pains...
The fact that i didn't take anything from it ....
Was bearish all through the week

BinaryRocks:
No be only you Boss.
Fear and Greed nah trader's nightmare.

BinaryRocks:
No be only you Boss.
Fear and Greed nah trader's nightmare.

Kaybee7000:
Lolz y fearing unemployment result when u actual understood ur bias na chief ? In as much as ur SL dey intact ,no dey fear news bro



I can't wait for CPI result to come why some go still dey fear the same CPI result ,ur SL is ur bulletproof na

Nextt:
Fuel? You mean currency correlation? I don't know about that but I think today's close will determine direction. I analyse each pair as a single unit. Could you explain what you mean by fuel?

Geovanni412:
Fuel is NFP

NFP could force a retest of high of previous day on eurusd and gbpusd

Market could also continue it's downward trend

It's at the center of the range if you are watching 4h chart....

A 50-50 chance either way.

Nextt:
I'm bullish biased on Gold. Missed my entry several hours ago. Looking for secure entry to join the move. However, if it doesn't I shall wait for another opportunity. No need running after trades. My bias will change only when price action tells me sentiment has changed.

Samuelmiracle:
Every trade should have TWO STAGES:

Planning Stage
Execution Stage

The planning stage is where all the thinking happens.
It is where you MUST make use of the rational part of your brain, AKA the prefrontal cortex.

The execution stage is where you should NOT think.

You must only DO.

You must have a specific plan, so that you have ZERO thinking to do during the execution stage.

The reason for this is because while executing, you are in an emotionally-hightened state

Due to this, your thinking skills are completely bleeped.
This is because the amygdala(emotional part of the brain) is quicker to respond than the prefrontal cortex during emotionally-hightened situations.

Plan while you're emotionally calm.

That way, your execution will be less likely to be sabotaged by the irrational mind.


#copied

infofirst:
He is getting here too. That tft acct no too soft in my view. 20% no supposed dey get less value to those with 10%. My full participation in the tft makes me realize it.

hateshit:
Samfelly has taught me how to quote.
Boss infofirst abeg consider me

infofirst:
So if you have participated in the competition following all the rules and achieve 10% and above. Kindly requote this post with your screenshots.