₦airaland Forum

wiconse:
this is one of the reasons forex remains the largest financial market. some are long,some are short

In real life, people buy/sell things for different reasons.
One could be selling his car because he is relocating outside the country. While another is selling because he needs to raise cash for a medical emergency. We could have yet another individual that buys accidented cars, fixes them and then re - sells.

All three of them have completely different reasons for selling. Now let's assume they all have the same make and model of car for sale, will they all be selling at the same price?

This is the beauty of a MARKET.

Insofar as you are okay with the price at which you are buying/selling, everything is okay. Sometimes, one might even sell for a small loss because you want to have cash which can be re - fluxed into buying another product to put on sale.

Whilst one can begin to have very PRECISE entry points (by reason of privileged information available to the trader or by reason of screen time he has put in watching the chart), others might question his decisions. In the final analysis, the market being the final arbiter will tell whether or not the decision is accurate.

djwalata:
I'm also in this trade(SELL).
Reason,
Yesterday's close was still below d resistance 109.60.
The wick as well didn't buy beyond d trend line.
Sold with a SL above d resistance/ trend line.
I wish myself a good luck

I just took a buy from the aqua line.

There is sufficient volume for the buy trade.

Sufficient buy volume?

25 pips stop loss

Again I advocate for the following:

1. Each trader should have his link to myfxbook written in his signature

and

2. After your trade is done, click and drag the order ID unto a fresh chart so that we can see your exact entry and exit point.

When these two things are done, traders will be utterly transparent in their dealings.

If you are in support that the above written be implemented, kindly indicate so.

Thanks everyone.

TheYoda:
The kind audio screenshoot wey saxy4c dey always come post for here

This one really got me.

124% margin left on an account of over $400,000 yet most trades are in profit.

Which investor will allow you play games with such an amount.

All these nonesense will certainly end in the coming season. Every trader should be mandated to post his/her link to myfxbook and also drag the order ID unto the chart when done with any trade.

Nigerians are amazing people.

I already made mention of the fact that NESTLE is the queen of the pack. Regardless of its unequalled sterling performance, @paelewunmi's explanation opened me up to new frontiers.

I really liked the part where he wrote about getting 1 for 4 on two different occassions and then 1 for 5 on yet another occassion.

It dawned on me that by just allowing my trading capital appreciate by anything greater than 20% percent per annum, in just about 20 years, I will be churning out cool cash from the market as a result of compounding over the years.

Life really isn't as difficult as many see it.

May the new year bring us all even greater opportunities.

emmanuelewumi:
I bought in the year 2000 at N20 per share.

The company gave bonus of
1 for 4 in 2003

1 for 4 in 2007

1 for 5 in 2011.

N2 million will buy 100,000 units

In 2003 it will grow to 125,000 units

In 2007 it will grow to 156,250 units

In 2011 it will grow to 187,500 units

Multiply by N1400 per share you will get N262.5 million.

Go to AGM and you will see average retirees who invested well when they are young who are earning millions from their investments.

A range rover sold for N20,000 in 1980. A flat at Iponri low cost estate was sold at N4000.

N20,000 will buy 5 of such apartments in 1980. The rental income from a flat at Iponri is between 800k and N1 million. 5 flats will now give the investor a total rental income of between N4 million and N5 million.

Some investors who bought the low cost housing unit for N4000 must have sold 10 years after for N20,000, not knowing that the party is just starting and the property can still generate rental income of over N800,000 in the future

Thanks so much sir.

Your point is very well understood.

The 1 for 4 done twice were 25% increase on the quantity of shares and then another 20% increase. These years, the appreciation on the stock clearly beat inflation.

I tried to affirm for myself how much the stock was in 2000 but the farthest historic data I got online was for 2003 and the lowest price is saw is around 90.

In anyway, your point is clearly understood sir.

Thanks for your time sir.

emmanuelewumi:
N2 million invested in Nestle in 1999 is worth over N270 million now, the dividend received this year is far more than the N2 million invested in 1999.
This beats inflation and currency devaluation, the dividends received over the years is in tens of millions.

That doesn't mean one should not sell if the fundamentals of the company can't support the price. For now the earning growth rate the company is a double digit.

I am a value investor and I invest based on the fundamentals, cash flow, income growth of the investment.

Sir, whilst it might be challenging for me to obtain historical data for the NSE to verify what you have just said but I will still like for you to let us know how much nestle shares we worth per unit in 1999.

Nestle is actually the queen of the pack, quite possibly the most "expensive" stock per unit on the exchange but let's get actual values.

I kindly request.

emmanuelewumi:
I think you have a very limited knowledge of the market and value investing, there are stocks I have not sold in 20 years and the dividend is currently higher than the fund committed to the investment.

Sir,

money has a time value.

Let's say you invested 1 million Naira 20 years ago, you certainly should not be talking about the same amount 20 years after.

If nothing else has happened, INFLATION has devalued your original invest.

So I recommend that you find the FUTURE SUM of 1 million Naira compounded yearly by the AVERAGE inflation rate over the past 20 years and kindly tell us what that amounts to.

1 million Naira twenty years ago CERTAINLY has far more purchasing power than 1 million naira twenty years after.

Please let's stop playing by old rules!

Greetings everyone,

please I have a few questions which I hope someone here will be kind enough to provide answers to:

1. What was the best rate on Treasury Bills for the out - going year (2019).

2. What is the current inlation rate in Nigeria.

3. Would there be any difference between FX and stocks trading if I completely removed LEVERAGE from my FX trading account?

I kindly await answers from the good people on this thread.

Thank you all.

dairykidd:
Compliments of the season guys. So i have a little money i want to throw into Tbills. I just need to know from those that are into it already.. From your experience which bank in Nigeria is best to invest with in this respect. Your advice/ contributions will be appreciated. Thanks

I don't think investing in treasury bills is a smart thing to do.

Find out the rate per annum then find out what is the current *inflation rate* in Nigeria. You will see that nearly everything you were supposed to get as profit (or return on investment) would have been eaten up by inflation.

Just my view!

bojbest:
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.

Past performance is never completely indicative of future performance.

bojbest:
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.

He that is faithful with little is faithful with much

bojbest:
Letting winner’s run and cutting losers short

@capitals is uniquely gifted in this

bojbest:
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.

After entering the trade, WAITING (allowing the trade to walk into profit and running until completion is all that is required).

bojbest:
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.

PROFESSIONALS on Instagram? Hmmmnnn

Finding out the REASON for the trade gives you the privilege of taking advantage of that setup in future. What many seek is "instant gratification" - give me signal and let me enjoy the profit. Someday soon, the signal giver might get busy with other things and could be constrained from continuing with the service. Then will you find out that you have wasted your time using the signals instead of LEARNING the REASONS for taking the trade.

wiconse:
i see you are a r*tarded fellow. my main focus was all about the $10000 he outrightly mentioned, which i expressly called bullshit.

why would someone with 11yrs of experience come out to choose a particular amount as the required amount to trade forex. quite absurd.

He only recommended that the Trader should get an extra income source if his trading capital is less than $10,000.

I strongly agree with him on this.

Thanks JerryQ. Many might not understand how heavily these things affect their ultimate success but with maturity and time, a lot become clear.

Your contributions are highly valuable.

Enjoy the holidays!

Merry Christmas everyone!

fucc12:
We go rematch oo
I no gree i been de sleep on my queen

okay sir.

Thanks for the game.

fucc12:
Make person challenge me too on chess .com

Username freeborn_ii

friend request sent

Neimar:
they won

Okay, I checked the wrong game.

Here's what I have observed about CUP games, many of the big Teams do not really take CUP games seriously.

So it is very possible to see a small club beat a "big" team.

Just my observation. As such, I avoid CUP games completely.

meshpips:
The Al Nasr game is a CUP game.

I try to avoid such tourneys.

All the best bro!

Al Nasr lost the game right?

cybertron88:
Nice to hear someone here talk about fx. Myiggest loss this yr online came from forex. I lost about $2000 in less than a month. Mistake was mine as I gave out my account to one idiot on telegram who blew my account trading gold with an unreasonable lot size. 60% of trades I analyze myself always close in profit but problem is I don't always have to the time to analyze trades and monitor price action. I LL like to catch up with you outside this thread cos I plan to trade heavily next yr strictly on my own.

My whatsapp number is on my signature.

Feel free to chat me up anytime.

1realBobby:
nice game man

Nice ke? After you don thrash me finish.

You play real good. Your response time is very very good.

yehmy:
Between you and chemical broda who is better in this trade?

Who is chemical brother sir?

I have learnt never to measure my abilities against that of others. I simply strive to outdo my past.

mrsteel:
How is your forex journey so far?

Very excellent. The perseverance paid off finally.

My best result this year was 1200% return on a starting capital of $500.

I made about $6,300 net profit.

I currently work as the Head Trainer for one of the FOREX Brokerage/Fin Tech firm.

I created my proprietary trading system (Volume Adjusted Price). A type of hybrid between Cumulative Delta Volume and VWAP.

Never give up on a good thing.

babyfaceafrica:
Do you know any app that can teach one chess very well, I can play, but I want to learn more and be better than vishi Anand or magnus Carlsen

The last I used was ChessMaster 2000.

I really haven't been playing since after I left the University.

1realBobby:
oh... For sure... I'm a chess addict... Are you on 'Lichess'? I prefer playing on that platform... My username is Deadfool

I sent you a message (pipcenturion)

1realBobby:
oh... For sure... I'm a chess addict... Are you on 'Lichess'? I prefer playing on that platform... My username is Deadfool

Please give me a few minutes. Let me create an account.

21void:
my favorite games of the day. I don go work.


bye bye una.

The Al Nasr game is a CUP game.

I try to avoid such tourneys.

All the best bro!

1realBobby:
olodo... When your friends dey study, you dey look breast... Why you go Sabi read and understand

@1realbobby, will you like to play 10 minutes chess against me on chess.com?

Kindly send me a message on whatsapp.

Thanks

My story:

I have always had a keen interest in speculative ventures.

I started with FOREX trading during my NYSC about 13 years ago and delved into sport betting about 4 years later.

I have never been too fascinated about the game of football and can only mention the names of a few players from way back in the 1990's or early 2000.

My approach to football betting has always been from the standpoint of mathematics and statistics. Quite possibly my training as an Engineer is responsible for this maths oriented approach to unravelling the sport betting market.

How difficult could it be to sort out a 3 - way probable event and possibly linearly optimize it?

I have always known that accumulation is not the smartest thing to do (and very sadly, this is what most people do).

I have watched with tear - filled eyes, many waste their hard earned money approaching the markets from this perspective of accumulating games. Even if you must accumulate, then use system bet.

I have choosen to play by a different set of rules. I simply operate from the standpoint of removing the inherent risk involved by betting on all three options (home win, draw and away win) with a little twist that guarantees me profit except one of two things go wrong.

This approach and the other which involves betting on games that are likely to end in a draw have been my way of doing sport betting.

The average draw odd is usually about 3 times your stake, so you basically need just a little over 33% win rate to be in profit. The risk to reward gives you the leeway of being just about 33% correct yet profitable.

Sport betting is a huge opportunity for everyone. Nigerians love football. So why not just make money from what you love? I love mathematics and apply it in solving real time challenges. You can do same if you will carefully consider a logical and witty method of approaching this venture.

You are not unlearned, don't go in the way of agberos and bike riders by accumulating games 'cos this is extremely detrimental to your bankroll.

Put your mind to work, leverage on the concept of compounding small profit over an extended period.

There is a whole world of amazing opportunities in football betting. Don't be a victim. Be smart and be a victor!

Note: quite unlike many, my wife and kids are aware that I do sport betting. There is absolutely nothing to be ashamed of. This is one of my income stream that has put food on our table over the years so why should I be ashamed of it?

Jimiyke:
Cashout that ticket , wigan na 1:1 or 0:0 correct score

Looks very much like 1 : 1 from here

Donsheddy:
Him no drag real trader with you na...

Real trader na for your pocket oh..

Competition no dey this forex matter...

Suck wetin you fit suck commot body...

No be person papa property

What about the lie about me sending him a link to myfxbook?

Is it fair on me?

Donsheddy:
I don't need to read anything...
Like I said he isn't forcing anyone to place those trades...
If you believe in his ability you can follow his trade calls and if you don't, you can ignore...
That one no hard na haba....

No be all trades they hit tp some end...
Every body get him own way to analyze the market haba na....
You wan tell me say all your trades they give you profit just free the guy Biko....
See as you dey attack the guy like say una dey drag woman....

He should learn to shut up when real traders are talking and also refrain from telling lies in a bid to give someone a bad name. Can you see that he doesn't have any link for myfxbook from me as he claimed?

Anyway make I just free am.

Donsheddy:
How e take concern you...
At least him trade calls they go well...
And e no concern you weda na demo him dey trade or na live...
We are all learning and it's not that easy to make good calls..
If you see person wey dey try abeg appreciate amm
Him no beg you for money
Him no ask you to pay for him services...
If you believe him trade calls you take the trade...
If you no trust the guy tips..
You pass na wa oh...
Him no force you to take the trades...
Bad Belle na bad thing oh my guy

Have you gone back to read what he wrote after I suggested that taking the buy from another level could be better?

I think you should go back and read it.