₦airaland Forum

cmoney22222:
Deflover I made a challenge to you . You form as if you didn’t see it . Well that has slided anyways. You claim you are good in forex and your TA tight . You made so so and so amount . Me I no sabi forex and I don’t want to know it. I have an un-used 100$ . Let me send it to you so you can trade and come out with 2k$ within 2week. I don’t need to know you or sign anything with you incase you want japa na your concern. If you are open to the contest let me know. Challenge me you no gree now I want you to challenge yourself. If you can’t just rest. Before you go say dangote trailer go jam person

Bro you can instead fund the $100 to a broker, give him the password details to trade,,,, all he can do is place trades with the account but he cannot withdraw the money... If he makes profit, you can decide to give him a token..if he blows it, oh well...... Cos there's a high possibility the man may not even take a single trade with that money

SaintUlot:
Do you know that people who truly have adequate knowledge of the market and are truly making money from the market don't have time to be selling books or organising paid tutorials on crypto trading? Apart from them not having the time, they don't have any need or reason for such, when they make more than enough from the market already.

Someone like you, who claimed to be a guru in the cryptocurrency market, suppose to be doing giveaway on this thread and not trying to worsen the situation of those who have been dealt with by the current governmental failure we are currently experiencing in the country.

"The crypto market is a multi billion dollar market, just target 0.0001% of it and you are good to go", that's how all the Authentic crypto gurus that i know reason and that's the target they surpass most times.

Bro for this statement, one bottle of big stout for you... This Deflover is a big failure when it comes to trading,,, the bozo reeks of desperation for money,, which is the opposite of a successful trader...

Those who can, do Those who can't, Teach

Bishop7170:
I almost got this pips but I was scared, probably because I'm still new to T.A. I'll like to learn from you boss.

Brother, I wish I could help you... Maybe if we lived together it would be easier to download my knowledge,,, but know this.. you will only succeed in forex if your hunger and love for forex cannot be quenched by losses and setbacks...

Sometimes I wish I had another me who is so passionate about finding success and financial freedom in forex...

Started this week on a good note, caught 100 pips on Eurusd..

Learning how to take little losses gives you the opportunity to make big gains,,,

collitexnaira:
Chaii... Forex don show you shege, for you to come to this conclusion

I think to make it in forex, you need to have the mindset that you are gambling.. Then you can make use of your money management

Guy you Sabi.. I thought I wasn't gambling or relying on luck, I thought TA was the answer.. so I overleveraged esp when I saw a pattern I thought I was so sure of, so I can escape poverty and live the good life.. I got into more poverty with each loss or blown account...

God bless Tom Hougaard for his book, Best Loser Wins

Lanshile:
If uve made payment using mff
Pls what method did you use when making payment through cryptocurrency which gives you rate close or to the black market

Hey bro I'm also curious about this

Last year by this time,, everywhere was green, everyone expected btc to touch $100k .. too bad for me cos that was when I just started my
crypto futures journey... Watching extreme volatility but not knowing how to make money
From it.. volatility has dried up, should it come back,, I'll make a killing of it

All those people going around saying last year btc was $1k now it is $60k,, sell your mother and buy crypto are nowhere to be found
Every where is dead quiet

This is when they should be advising people to buy cos it's cheap... Goes to show how people are fickle..


In the near distant future the Fed would turn on their money printing machine and the land would become green once more..

I hope y'all are positioned to make it a killing

Felixamos:
This is deflower statement below:
I remember someone here many months back came to ask if he should get out of ethereum he bought around 1900
Many tofd him to hold
I was the one who told him to run
He offloaded it


The young man in question did not ask how he could learn "risk management" or any TA or FA.

What the young man wanted at that time was a yes or no answer to whether he should still hold the ethereum or sell it. Some of the attack you guys give deflower here is so unnecessary..

Couldn't you have just waited for an event when someone would ask to learn Risk management and deflower answers wrongly before attacking him?

So deflover is now the fool moving the markets abi?? Like a sheep to the slaughter

deflover:
That a worm like u will quote me seems funny
Now let me school you
Trading its not only about risk management but alot has to do with emotional management
Can his heart take it
Do u know if he will go bunkers
Please just go away
It's an insult that a worm like u will quote me when we are talking about trading

As old as you are your brain seems to be underdeveloped.. you now care about his heart eh.... You are a JOKE.. everything about you smells low self esteem .. you need people to believe the crap you spill out here

You care so much about his psychology and emotions,,, or you care so much about the $50 you want to fleece from people here......

deflover:
How will he regret
This is what u guys do and many bleed
I remember someone here many months back came to ask if he should get out of ethereum he bought around 1900
Many tofd him to hold
I was the one who told him to run
He offloaded it
And eth has not seen 1900 since then
He came here to thank me
If he had stayed
Will u be able to comfort him
Will u feed him if he watches all his investment turn to coins
Let him be
He wants to buy later
Where he will recover his loss and all
No be u go help am if him go back to trenches
Make una dey use brain here
TA we give out for free here una no dey take us serious cos I no get white skin and I no dey flash private jet for Instagram

See this one,,, if truly you are an experienced trader you will advice the young man to go and learn what risk Management is.....rather than staking all his money on a single trade each time, how is he going to survive in this business the day he encounters losses....

But of course you prefer people to always believe you so that you can fuel your fragile ego.

SaintUlot:
Some people have worked harder than you, put in more effort than you have done, still they didn't succeed in all their endeavours. There is grace, there is luck, there is God's mercy. The trio might work in one's favour. Some people put in the hard work, they made the money, life happens and they went back to point zero.

Look at Portable for example, the wahala Musician, what does he sing? Can anybody explain his grass to grace story, it defiles human comprehension. Why him? When there are lots of better talents in the Nigeria music industry, but who can question grace?
There are situation whereby you put in the hard work, you plan accordingly and things would still not work out as planned and someone is not doing up to half of what you are doing and the person is prospering.

In cryptocurrency trading for instance, according to statistics, 85% of traders/participants lose money overall. The 15% that makes money overall, the money they make comes from the losses of the 85% that lose their money. I once talked about someone who turned 1btc to 181btc in three months via futures trading and he lost everything in a single day while trying to regain back the loss he made on that day.

Let me give you my own personal experience, i have never make money in futures trading, if i make small money from futures trading, i will eventually lose it. Even with maximum of three leverage, i ll still lose, I was denying it to myself that my loss in futures has no spiritual definition, but each time I try to proof that hypothesis wrong, I suffer loss in futures, while everybody is making money in futures, even those i trained how to trade are making money in futures, while I their boss is making loss. I have finally accepted the fact that futures trading doesn't work with my spirit.

It is that time that I place my own trade, that is when there ll be a trend reversal. Take for instance, during FTX crash, I short FTX at 14usd with 3x leverage, I just say let me attend to something offline, within 15 minutes, my short has been liquidated. It was within that 15mins FTX chose to rage to 21usd, liquidated my short and then when back to 11usd, all within 15mins.

Bro this thing you said has happened to me and I'm sure to a lot of people also ..... At a time I deposited money and I said I must see profit by force by fire, I saw profit but I still lost the money....

seanwilliam:
lol.

Gambling has to do with luck 99% of time more than mathematics skills and rational thinking sir..


Take for example , in football betting , you choose goal market for 5 games, what kind of mathematics skills and rational thinking do you think will help you to perfectly predict what 110 players ( 22 players X 5) will play on the pitch? Mathematically , it’s impossible because there are practically infinite possible outcomes for 5 football games especially goal market.

.
Logically , it’s impossible because you can’t be certain of what each player will do.



Less down 3% of gamblers are considered successful.
That’s why for every tony bloom that wins millions of dollars , there are millions if not billions who lose their money.



When I was into betting, 99% of my winnings came from randomly picked games.

For crypto , to some extent it is pure gamble too.
I’m sure you know millions of people lost their lives savings to LUNA which was believed to be a good project.
That’s why most experts agree that cryptocurrencies should make up no more than 5% of your portfolio.

Technically anything gamble, 99% of time is a game of luck . And let me remind you that 90% of time , a gambler loses his winnings if he doesn’t diversify.

And scientific definition of luck is what happens to a person beyond that person’s control . It has nothing to do with effort and discipline.
Effort and discipline will only help manage what luck brings to you .
Hope you don’t see this as an attack.
Cheers .

Bro gambling has nothing to do with luck,... Gambling is pure mathematics which has been rigged in favour of the gambling organization...

They control the statistical advantage or have the edge.....but the gamblers greed clouds the mind of the player... As long as you keep playing whether you win big,, they will always win in the long run because of the mathematics behind it all....

Casinos in the USA are known to kick out players who are always winning

If the player can have the statistical advantage he can make millions...

Forget luck bet9ja doesn't make money based on luck

deflover:
So something drop
With more drops coming
Instead of u to advise the person to sell and wait to buy at a cheaper price
U played the emotion card
This is the problem I have with all u YouTube students of trading
No skills
No understanding of the market
Yet una go dey open mouth if we dey talk
Smh

See this one,, shebi you are the controller of the market,, since you are so sure it will drop and become cheap,, short it with 100X leverage... And quit looking for who to buy your dirty book

Mr I didn't learn from YouTube, take your analysis to the trash bin... Obviously you learnt yours from market women

XaToXi:
N834 or N843?

Another advantage I see here is that you can set your buy prices for usdt at support levels and also catch the wicks, while P2P prices are still lagging.

Usdt/ngn got to 819/820.5 today but P2P prices didn't.

No wonder that chart has been behaving funny of late. More and more usdt/ngn conversions going on.

Possibly one of the reasons the naira deposit gateway was created, supply and demand forces drive this pair,, instead of p2p merchants,,,I heard at some point BDCs abokis were using binance to set their prices,,, I forsee leverage trading in the near future..

Naira would be constantly bullish with slight pullbacks

This is long overdue considering Nigeria is one of the crypto obsessed nation in the world,,,

Omor this one choke,,, govt bad gan

Ngige ma nigger

Lanshile:
It is only ur opinion u understand and u don't want to accept contrary opinion
No need arguing further

No be matter of argue,,, see I promised myself I would get that near perfect strategy, argue with people that forex is not gambling....I wanted that strategy that would enable me unleash the full potential of Lotsize power, I strongly believed my forex knowledge will get me there.... growing my account only to blow it all

If only I knew it was all probabilities aka gambling... my approach would have been different

Lanshile:
Accepting trading as gambling is the beginning of the end trust me and besides the market give a damn about all the trading method you wrote up there
It is how u build urself that will determine if the market will respect u or It wont give a damn

LoL,,, anybody follow your advice, I bet you will end up hating forex,,,,,, why,?? By saying market will respect you how you build yourself you simply imply that you can control the outcome on a trade

Where does that thinking get you OVER LEVERAGING,,, Becos you think you have spent 100yrs looking at chart markets know you

Bros Day trading is gambling,,, the sooner you accept it with your full chest and use it to your advantage the better for you.....

Dey there the listen to ICT or SMC scammers

realone12:
it was just a case of series of misfortunes.. stayed in short position for several hours and the price just stayed at same zone and refused to go down. then, gradually the price print a bullish entry pattern. on seeing the bulish entry pattern, I got paranoid and decided to close my short position with some losses in order to be on the safer side if incase the bull entry pattern materialized, just immediately I step out of the market after 8hours of holding that position, 3 extremely long bearish candles happened, worth at least 800pips.. I nearly ran mad with anger..

this kind of scenario played out in all the position I took.

I feel your pain Sha,,,. But things like this happens when you do not fully accept losses, That means you are not willing to lose,, which boils down to not trusting your strategy... And that only means your strategy cannot handle losses...implying that your risk Management is faulty

When psychology is faulty, strategy and risk Management too is faulty... Even though they may be perfect.......you get??

Fix ur psychology/emotions, how? Simply accept trading as gambling...like tossing a coin... Place trade and accept either win or lose, a breakeven trade = No trade

I am sure when you toss a coin, you don't get scared of getting a tail if you selected heads...
Ask yourself why your demo account is always in profit when you trade......simple, you don't give a rats ass about the outcome,,

I repeat NOBODY can control outcome of a trade,,, the market doesn't give a damn About SMC, ICT, OB, trend lines, indicators or whatever jargon people draw up on their charts......

This woman should park one side,,, when education as a whole in Nigeria has been marked for demolition...

Today NFP,, I go collect my monthly forex salary....... FX too sweet chai

MN07:
I want to commit suicide.

Who knows any painless way to go I need to end this pain.

I have been crying since morning I can't continue any longer.

I have lost all to leverage trading.

Please walk us through how you lost it all,, so that we can all learn from your mistakes

MN07:
I want to commit suicide.

Who knows any painless way to go I need to end this pain.

I have been crying since morning I can't continue any longer.

I have lost all to leverage trading.

Bro kpele,, I know someone who lost 22million naira in one day on crypto trading using cross margin, the boy say him no go use stoploss, say he sure say market go rise back.

Guy you made that money without trading, go back and make the money again... and most importantly futures trading is gambling,,,,

The best futures traders are professional gamblers that have figured out their edge even when they loose 6 times out of 10

GabsonFX:
Side note: why do you think almost 99% of people here trade demo if forex is truly the way to riches/wealth, some have been on this forum more than 6years and cannot boast of a constant forex income still yet. The only thing that saved me by now is the fact that I can dust my CV any single moment and get a job the next day, else, na God know where son of man go dey by now.

In essence, have a sure income, have a great career (field), where you can vouch for a constant and regular income which you can pull fund from to trade forex, and when you do, don't expect much from it.

Shalom

Omoh mehn, realizing this just changed my whole perception about trading,, I guess my mistake was thinking more knowledge or experience equals more payouts just like any normal job.... No more beating myself up when I lose,, no more looking for any new strategy or trying to tweak my existing strategy, no more second guessing before taking a trade....

The trade wey go enter no go tell you say e go enter,, I go just destroy am with 100lot size


Well atleast i now know the truth and I believe the truth will set me free to greater profits

Geovanni412:
Yes na how i take sabi. Their crypto spreads and manipulation dey too much - I was lucky in my own case that i did not stake my entire acct on the trade. I was trading xmr (monero) there, price hit my stop loss whereas price never even got close to that point on binance. Subsequently, when i dey try anything deriv and crypto, i stopped setting any stop loss.

Boss abeg which broker you dey use currently wey you fit recommend for me,, I dey hate this kind stuffs,, it's not like this trading is easy

VeeVeeMyLuv:
Which pair?

USDCAD,,. No wicks anywhere minutes before my exit so as not to get caught up with the news brouhaha

Geovanni412:
Na deriv u dey use?

Bro I say I get small money for my deriv make I use am cashout cos na my play money,,, but this one don pass my power,,

Even at that sef it's too much

You get experience with them??

Ive just been a victim of broker manipulation,,, omoh, I used to be a staunch disbeliever of this broker manipulation stuff until it happened right before my eyes,

the longest wick that I cannot find on more than 10 other brokers on the same pair,,,,just to kick me out of a trade,. Omoh. I'm f**king pissed!!!!

Oya now, let's go

Why do I have this feeling like brokers are dubious

in a live trade every other pair is moving exactly how I want it except the pair I'm trading from,, like what are the odds

You will lose you will blame yourself,, when you win you will be still be telling yourself not to be greedy,,,,, but market is greedy when putting your account in red..

F**k this shit men, I'm so pissed right now....

Damn anyone saying not to be greedy on trades, this is a game and I'm out to win it..

I love forex trading with my whole life,,,,I was once frustrated like brother Grimmjoe who is throwing tantrums becos he blew his 1$ account

Ogbeni you be small boy for this game,, when elders the chop, follow them for back, if only you know the kind money wey person see for this game,, you no go yarn dust

Weda na scam, gambling, or whatever,, when I look my bank account I dey sleep well,,,,,....

If I say make I believe you,, you fit give me 500k before end of the week make I use manage myself?

Bro become profitable first then come back and make this statement

Bro go back

Elliotwaveforec:
My closed positions sef na trade signal.

The reversal/correction technique is working 100%.

Stake all your money on it,, since you are so sure ,,. Time for you to dethrone dangote in Nigeria

Trade currencies during the weekdays, trade synthetic index during the weekends,. Synthetic is far more easier to trade,, it's market structure is way too clean

samfelly:
IF YOU DO NOT UNDERSTAND WHAT YOU READ, YOU WILL NEVER APPRECIATE WHAT YOU ARE READING! TOM HOUGAARD, KEEP TELLING ME MY FLAWS

The key to victory starts with being mindful of the existence of two brains. The ability to anticipate your enemy’s next move is crucial. The subconscious brain is a rather simple beast. It just wants to avoid pain.

For the subconscious brain there are two pains in trading. There is the pain of seeing a profit. When it sees a profit, it wants you to close it because then it doesn’t have to deal with the pain of seeing the profit disappear. Then there is the pain of loss. When the subconscious brain sees a loss, it wants you to hold on to the position a little longer and a little longer. Otherwise, it will have to deal with taking the loss. As long as the position is open, there is always hope.

This book is hands down one of the best books I've read so far on trading psychology.