₦airaland Forum

pansophist:
Trying to be humorous but ended up being idiotic.

Creativity gone wrong

karkinase:
Intraday swinging.. buy the higher lows sell the higher highs and vice versa

You meant to say sell the lower high.

pendragonbladgo:
This is the only way....

Tinubu is making the right choices, most of this marketers have made it basterdly - they can not afford little gain and the governornment take the larger share to develop the Nation.

Tinubu is making the right decision

Yes, blame marketers for the naira depreciation. Blame marketers for the high cost of living. Blame marketers for the rate at which commerce is grinding to a halt. A bad hunter with good gun will still blame the forest for his bad aim.

Theunbothered:
Announced fuel subsidy removal at his inauguration like a mumu.

Waited 100 days to form an economic team while giving sensitive appointments to his friends.

Announced floating of the naira at the same time meaning every imported item would be three times as expensive. Refined fuel is the most imported product to Nigeria.

Appointed a fool to lead the power sector

You gave him too much answer. Let him use his brain. Is this not why we are in this mess?

He should ask IMF and BBC what policies Tinubu made to make the naira the worst performing currency in Africa. Soon, it will be the worst currency in the world under Tinubu.

Nigeria has been embroiled in a bloodless but more brutal war with corruption represented by her political leaders for decades now. We deserve the same measure of attention as the Israel-Palestine conflict.

GeneralZodd:
We are missing Buhari so much

Comeback for 3rd term bubu

we are missing our dear bubu. Abeg, bubu, come back for 5th term sef

Khyrvxjzy:
tell me wrong policies tinubu made

Is that even a question? What wrong policies did he make to make the naira fall faster than a rock? The worst part is you are not hiding the fact you asked a very clueless question.

The IMF and BBC already confirmed that the naira under Tinubu is the worst performing currency in Africa. Tinubu supporters are still living in denial. I hope they are prepared for winter.

Tinibu o! One economic disaster after the other. Can't we wake up a single day in this administration and not be greeted with horrible financial and economic news?

Chokehold:
We warned them. Where are the agbado miscreants? They will blame Buhari and Jonathan, or even Obasanjo.

Since 2015 that they have been blaming PDP for the country's woes. The only thing APC is good at.

skelewu404:
Send ur phone number and location, then I will send someone to deliver the food to u

Do you know this man you are trying to help is a shameless scammer parading as a woman online?

richeeyo:
Non of them owns it

My sentiments exactly. Both of them are liars.

Donsheddy:
Week 1 Of 12

Gbpusd sold
Entry 21910
Tp 21550
Sl 22260

You can monitor my test here, call me out when i break the rules... im doing this to force the discipline, one single trade at a time

Login: 2102639687
Read-only password: 17FLP87
Server: Ftmo-demo

This is serious. Pushing accountability to an extreme measure. Kudos.

Adaisback:
I hate war with my whole heart. Can't this world have peace for once. The whole world needs Jesus. His one and only commandment ( love) is the only thing that can truly save the world. Today, I say, love your neighbor as yourself

Adadike, this may be belated but it is never too late to say it is great to see you are back. @ topic, yes, the world needs Jesus. I am neither for Israel nor for Palestine. I'm for Christ. Love, is all we need. Both camps need Jesus for peace to reign.

This same girl must have said in her heart that what had happened to other girls would not happen to her. The same thought is going through the minds of the girls in the same trade reading her unfortunate situation now. It can't be helped.

Many folks here capitalise on the safety that anonymity brings and spew insults on persons they will bathe with address of respect should they meet in person.

A man asked what he should do over the disrespect of his 37 year-old son in marrying without his consent. Very rude behaviour you will find in the way many responded to his enquiry. I bet their legs will buckle, and their lips will seem heavy like 30-feet container if asked to repeat what they have said here to him in person.

One of them managed to bring religion into the matter to insult God while dishing out acid from her tongue in the name of a better person. Disrespectful generation. You will have what you sow.

Respect people, folks.

Aremolekunowo:
Good morning great people,great traders and our big bosses in the house. I want to bring a suggestion that could uplift many people expecially the new traders among us.
I am suggesting a Telegram or WhatsApp platform where we can be analysing and entering trades together real time.
I belong to a trading platform where we trades together ❤️, we gladly enter into any trades ideas 💡 dropped in the group and happily win or loss together even though our wins are more than 70 percent.
I have seen great traders in this house that are more knowledgeable than most traders in my trading group, if the bosses in this house can put their differences behind them work together in 💙 love ❤️ many people will be lifted from poverty through fx trading and HEAVEN will be very happy.
I am very sure if 4 -6 bosses in the house take it upon themselves to be dropping trade ideas or signals in the group we can guarantee over 70 percent trade wins. And people will be happy when ever they win trades and won't be sad when they loss trades. By this we even grow small account, make at least 20 to 50 pips daily bread.
So I am suggesting we creat a TELEGRAM or WHATSAPP group before next week Friday IF we have at leat 50 likes on this SUGGESTION. 😀 if this is seconded by many let's give it at leat 50 like. IRE O.
MAY BLUE 💙 PIPS CONTINUALLY 💙 FALLS ON US.

The bolded has been flogged and over-flogged both in this thread and its predecessors. The general consensus is that FTA thread remains the only community designed for what you proposed.

rhynoemmie:
With the way what I'm saying is structured, the trade department can't disagree with the view from the analysis department. Everybody participating has to treat it as a job. Where your feelings are not in play.



It could be by unanimous decision or whichever has the least risk to reward or we could leave the decision making to a person.

The best process to ensure that everyone puts in their best is, analysis are made and submitted for review. Now the trade department shouldn't be involved in this process to be able to counter bias that might arise from personal feelings and the analysis department shouldn't be aware of an analysis that has been given the green light.



I think my explanation above might have answered this but if it doesn't, then we look at it from a risk to reward perspective.



There's no reason why we can't do both. For the swing traders, their ideas and trade perspective will be welcomed, that's why i suggested more than one account.



I believe it's fair to say that everyone caters for their transport. Let's all be considerate. Someone has spent on spacing and prop acct, it would be wickedness to add transport to the mix. And I'm positive that people who.would participate in this would have personal accts that they trade.(my wishful thinking sha)



It all depends on how motivated the person is to the cause.



That's why it's a team. We could always fill up for others shortcomings.



Thanks for the questions tho. Made me think about this even more.

You answers are well-tailored to meet the specific issues raised. I shall be following this proposal with keen interest. And you're welcome.

GabsonFX2:
Final Update on This $100K Account Before Withdrawal

Analytics attached (75% win rate)

Yesterday's profit = US$ 990.58 (updated)

Total profit = US$ 7,823.92

Withdrawal 14th Oct
= 7,823.92 * 0.9 + 1.5 * 513 + 1950

= US$ 9,761.03

Account deleted from platform, no more update on this account, waiting withdrawal...................Oct 14

Wonderful. A labourer is deserving of his wages. Well-deserved wins and congrats.

rhynoemmie:
Part 2

the structure

Let's say since June, people who have hit 10% on TFT competition account and were awarded prop accts should be at least 5. That's at $250 A month. Calculating from June till September and that gets you a whopping 1k. And we don't really have a lot to show for it. I'm not saying that the traders are the problem, i'm just thinking that if we tackle this from another perspective, we could make really significant headway.I'm thinking this is what meshpips was trying to tell us sometime back but i guess the message didn't come across well.

Now we can all say based on how active most of us have been here that when it comes to analysis, guys like charly20, Abhams, kozmicity, davigle,fxcandles, nzechu and lanshile

Under risk management, we have dmahns, donsheddy, charly20,

And then traders, officialP, realone12, greatcheers, pipsmarshall elliotwaveforec

By traders, I mean people who have conquered the fear of putting on trades and waiting till those trades hit tp

If there's a way we can each apply these strengths under one name, I think we would most definitely make progress. This way the work load is shared and everybody has something to learn from each other on a fundamental basis. This project is one that would benefit the whole group, both intellectually and cash wise.

Part 3

planning

Back to the money, I think it's safe to say that at least, 60-70% of traders on fta reside in/near Lagos. Now if that same 1k could be spent in another way. Ie a flat is rented at maybe 250-300, for a year. If we don't feel safe with this deal, it could be cut down for 6 months. And then the rest of the money is channeled into getting maybe 3 × 50k prop accts and these accounts are given to people who we can all say are good traders. Acting on trade ideas that are generated from the analyst and have already been decided on by the group (samfelly). With position sizing restrictions alreasy laid out with entry and exit plans already in place.

If we could tackle it from this angle, people will have to see it differently because what you're doing now is in line with your core strength and the pressure that comes with trading could be somewhat alleviated.

Example, an analyst who's scared of putting on his trades or a great trader who closes his trades too early won't have a choice to exhibit these characters again cos the choice is no longer in his hands again.

This could prove to be a reliable solution to the problem of moving everybody here forward and resources will be put to better use. It's a solution where everyone comes out on top long term.

Makes sense.

Some questions.

What happens when the trade department differ in view from the analysis department? Who calls the shots on the trades to be executed? How do you reconcile varying views owing to the diversity of market perspective of the participants?

Are you dealing with long term market analysis or short term?

This looks more like a physical interaction project. How do you deal with the challenges of meeting to share analysis? The space to be rented is an office space in my assumption. How do you deal with the problem of those who may reside at locations very far from the rented space?

What happens when key members are unable to discharge their functions as a result of their private life pursuits or something else?

I know this plan is feasible, but there are matters arising that should be addressed if this project must take off without a hitch.

Your thinking on this project is commendable.

Others will have their perspective on the issue that will also be of interest to consider.

There is no such handle on twitter. Fake news. Before you doubt me, verify first.

Cara12:
I got disqualified today but surprisingly I am not perturbed because it wasn't because of drawdown. I was on my way to recovering my initial losses when I inadvertently opened two lots position on my Darwinex account thinking I was on my tft account.

Thanks to this competition, I've seen a format to evade maximum drawdown. The next account I'ld buy would follow this Darwinex competition model- maximum of two trades. I'ld only open d second trade after I breakeven on the first. So help me God!

That is the idea Infofirst is trying to distill in the minds of traders. I see your participation and disqualification as a win-win.

rhynoemmie:
First of all
I appreciate all the hardwork that's going on here. I'm not trying to shame nobody, just trying to change our perspective on something.

I want to share this idea of creating a trading floor for fta and I'd like your input. Cc
Infofirst, galleryeasy samfelly gabsonfx charly20 meshpips realone12

Let's think about this, why do hedge funds do so well? What are they doing differently? Anyone who has seen a trading related movie, eg billions. Can say clearly that one outstanding reason why they're doing so well is because one person isn't doing all the job (analysing, putting on positions and monitoring trades).

Everything is properly seperated, theres the analyst and then theres the porfolio managers and then theres those in charge of risk management. It's true that they're people who can do all this on their own as we may know but we can also say that majority faults in one of the Above. We have people who are great traders and bad analysts, those who are great analysts but horrible traders and then there's the select few.
Those who can analyse their trades, put the
appropriate position and still come out on top with their psych intact..

The picture I'm trying to paint is, imagine all this mixed up under one roof (literally). Where everyone is separated based on their strengths instead. You can argue that we're doing the same thing here on nairaland but actually we're not. After all is said and done, When it comes down to actually putting on that trade, all that's there is just you and your device(maybe phone or laptop).

It could be why there are lots of "I know say na me eff up" in the community

What do you guys think, let me know before i decide to go further with this yarn

As a public endeavour, it is a long shot but worth attempting.

As a model that is only restricted to a few people there is ray of hope for its success.

Sometimes, ideas are easier framed than executed because many variables by nature are set against their breakthrough. There will be challenges and errors. If the participants are willing to stick to it through all its challenges it will be a successful model of relentless teamwork.

Nazgul:
The husband doesn't have any business going to that restaurant.

His wife would always prepare his food for him at home.

Saying that the husband has no business going to the restaurant is just shallow thinking. No offense intended. He should have working and experiential knowledge of her business, and many times this is done by paying her visits on occasions.

There would be serious hidden problem if neither of them knows the details of their partner's business dealings.

englishmart:
If a wife owns a restaurant, is her husband supposed to pay after eating?

This is a straightforward question.

See it this way. Should a wife pay for using her husband's car? If the husband pays the house rent and set her business up, should the wife see it as loan to be payed with interests or cough out her share of the expenditures?

GabsonFX2:
Update on this $100K funded account.

Analytics attached.

Today's profit = US$ 779.58

Total profit = US$ 7615.12

Withdrawal 14th Oct
= 7615.12 * 0.9 + 1.5 * 513 + 1950

= US$ 9,573

This upward equity curve is a piece of fine art. Congrats, boss.

Maroka5:
I'm not really a pro yet, I'm just implementing what I've learned over the years.

In my signature, you'll find link to a telegram channel where I search for anything I want to be knowledgeable about in forex.

What I've recently done is to unfollow some influencers and popular traders, others I disabled their notification. The reason is their bias or tips often negates mine, and often price will then finally go my way. So I want to be 100% responsible for my trading outcome.

I make use of forex factory and I've marked out certain news release that I shouldn't venture trade that day. I was able to notice how these news mess up the market after intensive backtesting from 2020 till date using forex factory calendar.

Also, I've limited my trading pairs to 2, I don't want to trade more than 3.

Finally, if you can build your strategy around higher time frame's data, it'll benefit you long term. (By data I mean trendlines, zones, fibs etc)

I think that's all I can say for now.

Enjoy the weekend everyone.

Out with the junk, in with the trusted. Profitable trading routine adjustment. Profits is only a matter of time now.

iichidodo:
[color=#1986BC] That's fantastic....Let me make another thing clear...NFP na bastard..[/color]

🤣🤣🤣

iichidodo:
[color=#1986BC] No...Not sarcastic. More like antagonistic with dark humor hidden under extreme satirical prejudice...[/color]

You can step on it if you want like Dominic fast and furious style. Just don't crash.

infofirst:
You get mind o. Which shop did you sell? Which inspirational speaker push you to do that?
That's purposeful mehn. You definitely will overcome provided you do not give up. You are deliberate about improving too.
You have to let greed go. If you do not. It takes one day and ten years efforts will go in the bin.

You speak like a Jedi master. And you are a veteran here. Respect.

greatcheer:
Mine is greed. I made a profit of 150k in naira yesterday I was waiting for it to hit 200k before I close d trade because it was a quick scalp, before I knew it trade reversed and entered margin call.
my feet became cold instantly.
so no matter what now, I won't stake my trade if going in my direction, I will just maintain the original lot size I entered the trade with.

when I heard about forex in January I quickly sold my shop and invested the money which some of you know how that went.

my problem is being on the chart 247, I think that thing messes one up, you begin to make mistakes from your original plan for the week.

nobody they tell me now
1. use small lots
2. don't stay on the chart 247, I have to look for something else to do to keep me occupied
3. allow the trade play out(impatience)
4. input your Tp and Sl. am still working on this

Boss we will overcome this

You are one tough lady. Your skin is made of iron. Rare to see such dogged determination from the opposite gender. May the blue pips be with you.

They even have a youtube channel. The guts. When I went through the comments section I was touched to see Nigerians praying for their conversion rather than wishing that a mortar fall on their head. I also pray for the grace that they see the error of their ways and turn to Christ who is the true Peace the world is seeking.