₦airaland Forum

zedegit:
Baba please break this down for me. I don't understand o.

Is 4% no longer 4%?

If u dey hold 6% profits and u don't close trade, then maybe news happen, it reversed. U don breach their equity rule b dat o.

infofirst:
Give a practical example and let's analyze it together.

Take this for instance... I have 10k account.
I only open max of 2 position at a time. @0.05 lot per trade. At 1% risk for each trade.. Thats 2%...Tell me how I will be hit by DD if I am trading say one of the wildest pair -GBPNZD. Make una learn this thing. E no too hard nor complicated.

We dey find money pass each other therefore Risks are different na why.

When I wan reach top with 1% risks. Mff will advice failed evaluation to find a strategy. I go dey cry read am then

zedegit:
It will be impossible to fail an equity based DD if we apply money management.

Now the lowest DD is 4%. On a $5000 account, it's $200. If you trade 0.02 lotsize on it, it's about $20 per 100 pips.

What this means is that market has to move against you 1000 pips for you to fail. Is this possible on a swing position? No. Unless you're wrong and it would hardly happen in 1 week. It can't even happen as your stoploss is 200 pips.

U can fail equity drawdown if u hold %profits and d trade hits breakeven or stoploss.

Dem no go send ur papa, F9.
The best is just risks to reward. And play accordingly.

infofirst:
You are over trading. If you think you are not
Can you state your account size, lot size for us to see.
Swing trading is not supposed to be hard even with prop firm if you trade responsibly. AND prop swap free is not only for Muslims. Once you are able to pay extra fee. You will get it. It's regular broker that give swap free to only Muslims
Meanwhile... @meshpips is still a shameless and wicked Scammer.

Bro forget his trading emotions, ekesoft can bear me witness when I didn't reach the max drawdown and mffx breached the evaluation.
I vex comment for twitter, that was when they introduced trailing drawdown too. The other bro is just alerting others, these propfirm are not in business for traders, only few. Mffx is not one for me too after their hidden rules after purchase.

Esp eightcapp broker, I Happy as mffx comot am, obviously it could improve

If u dey win giveaways, u no go understand.

Knetpro:
Is it really possible to make money from trading or investing in fx?

Yes, but believe in yourself and also the markets.
I dreamt of my trade hitting stoploss, as e hit I wake.

raphemmanuel:
Come to think of it.
Can someone have financial breakthrough through forex trading. I tried severally and I have all failed all through.

Is it that making it through fx is very slim.

Yes I'm a living proof. I neva blow like dat o, but bro those 3k withdrawal dey solve some bills.
Guess what it's only those who are desperate that don get there. Just follow ur process

DannyFX2638:
hwfar my bro.

Hw fr, I dey now.

meshpips:
Every weekend, only one person out of every 10 or 20 people will get the rare privilege of having me quote their post and in essence get a response from me.

Many kids here are far younger than me, I don decide to ignore lots of posts.

Count yourself lucky, infact frame it and put it in your family house whenever I respond to your post.

Meshpips pipcenturion, go forex factory, ur clients dey there. For 9ja fta, we b hustlers and don't scam.
We rise by lifting others here.




VAP wey no fit buy u house for lekki
Support nd resistance on high timeframe, dey pay my bills, e go soon carry me go round d world.

The biggest hack to having patience is trading only higher timeframes. because ltf gives many fake signals.

rainlover:
chaii see money $4k

Naira. Daily bread.

E don tey since I don withdraw from fx.

Cents account
Igbo fun propfirm for now.

U see this emotions, it works with using naira also.

Losing 5k naira no suppose pain na fuel money.
But once you get hold of ur strategy while losing in naira, it will be easier when u switch to dollar.

Following the advice of a friend, stop funding prop firms, trade ur money till u master these emotions.

Geovanni412:
All the more reason why you should trade on cent acct.

Will your gains in naira be enough to cover for the unparalleled inflation and downward trend of the naira?

Inflation doesn't affect the trader, its d consumer.
Trading in cent because I cannot afford to fund prop challenges again( only if I win competition) nd usd loss is ×920 now. As long as d trader keeps trading, no matter how small.

rainlover:
well, the sad reality is that naira will crash further. It could crash to 2k/$ before the year ends.

Either way, it's best to lose in naira presently and try to fund usd account bigger using propfirms.

Ignore if u earn in dollar.

rainlover:
Naira should be listed as a c.r.ypto

Bro 920 on fxtm. I started buying at 350. If to say my ass no dey lose, I suppose don chop beta profits frm holding usd.

I cannot buy dollars again. 4 nw. Trading on naira account b4 usd loss send me to village.
10usd loss wey b 4k b4 na 9k now
Why emotions no go dey una trading b4

God save Naira.

You trade fine trust me

It's your trading confidence that sucks. Ur trading Confidence comes from trusting ur trade plan.
You can have patience, backtest like fire, engage the markets and lose money. Markets are uncertain.

Trust yourself to not do stupid things first, then come and tell me if you lack patience or need to backtest.
Backtest is for beginners without a trade plan. Patience is something u develop and be ready to face ur deepest emotions, markets don dey b4 dem born una. u av to be free from it to achieve ur peak performance.
Don't just trust the market process, trust yourself too.

I'm a rich and profitable trader.....loud it.

Sometimes I wonder how they think in d North

Faithhill2:
Thank you for taking your time to source for this and send it here. You're so nice ♥️

I've been able to make 15% in less than 10 days so I believe I can make 20% in a month but this competitions are for September and if I'm successful, I'll be given the account in October and payout will be in November. August to November is really far🤧. I wish I can just get one now

Purchase one now. Don't waste ur time with competitions with dis ur stats. Abi Shey u dey fear lose 50k naira? Ur confidence should lie in following ur strategy, forget returns unless na so so disappointments and emotional downfall u will face.

meshpips:
Concerning the part in bold, what's your highest level of education? In which industry do you have work experience and how long is the experience?

Are you willing to "up-skill"? By this I mean are you willing to learn something extra which can make you better at your 9-5 job?
Here is the secret to getting a well paying job - up-skill until you get to a level where people with such skill are in high demand.
A product or service in high demand (but limited in supply) will always be HIGHLY priced.

This is the way my brother.
All the best!

Igbo fun e alaye yi
Na money I dey find. Na why I serious with trading.
If to say u sef take am serious, u suppose sabi say trading is up skill too.
No dey give rich man advice, no b wall street we dey.

https://twitter.com/supreme_fx_/status/1689905238747107328?s=46&t=Xz3VkWCa0KAWSim_gopNZw


Na trader for here dey post withdrawal, congrats ekesoft more wins.

BUHARI was the problem. Like the man just went blind on us. Now we can see how these funds are used. Forget corruption now, why is Nigeria borrowing. CBN explain

Arcmida:
I could write a whole epistle about this; you will calm down after you realise your impatience has cost you your life savings, your dignity, your potency as a man, and to get it your dignity back you have to tame that ego and submit to being patient.

What comes together so that you can be patient

1. Skill: if you have mastered your system and strategy- you only trade when you have a setup. You only trade with predetermined risk and tps.

2. Experience: you have to befriend loosing money. I believe if sb loses money for a whole year and he experiences pain. He will seek to get rid of that pain and thus follow the plan to reduce or eliminate losses altogether. Experience based on trading. You get more confident knowing there is nothing new under the trading ticker- you just chill and execute.

...this is true for me, and I hope it answers your question

This was me back then, lacked patience but prop firm challenges made me serious.
3) Obedience: Just Obey 1 and 2.

Faithhill2:
Please is the free account still available? I passed both evaluation phases but ended up blowing my live account yesterday due to emotions🤧. Abeg if person fit help me with free account, I go appreciate. I just stumbled upon this group yesterday by chance and I believe it wasn't a mistake.

You
Are
Welcome

PraiseGod4u:
Proof of work.

Evidence.

If no evidence then forget you go explain tire like mister meshpeeps

Thank you.

PraiseGod4u:
Forex is a personal journey, mentorship is VERY IMPORTANT but its just a foundation, the work lies in chart time.
If u gauge your progress by the number of props you fail or pass you are on your own.

In as much as i dont know the genesis of this vawlence ,
A good trader will NEVER LACK FUNDS.

Show POW and see what will happen.

If u dont have POW, then forget prop and go and get it, THIS IS FINANCIAL ADVICE.

Shalom

Does POW mean play of the week?

kendoschurrle:
forex hard no be your village people dey do you

if you wan give up, give up

i no dey motivate anybody

I swear I too good. Trading us sweet and fun now.

peteregwu:
Today is Friday and they have started vawulence already. Keep it up!

Na u start am yesternight

meshpips:
You kids are rude and unruly that is why I dey treat una as una deserve.

No now, not everyone here is rude and unruly. We deserve some apology for u generalising this way.

meshpips:
There is an error of hasty generalization.

Stop talking about things you do not know.

Within this FTA thread alone, GabsonFX is a first class graduate of Mechanical Engineering, has an excellent job yet trades FX.

Stop talking about what you do not know.

He can be president of the whole engineering industry. I can see where his ego came frm few months back.
Yes u are right, there are jack of all traits tho but for this fx trading wey we dey trade o, we no b mate. I sabi lose wella until only wins are left.

I b boss of my own account, I no get Oga to dey call sir up and down.

I wish say me sef see job like una, my suffering suppose reduce. But either way, happy for him as he is doing is thing steadily.

Kaybee7000:
Don't mind him,A GOOD TRADER WILL NEVER LACK FUND while A GAMBLER DOES!!

We are all gamblers, good traders gamble in a professional way. Same with pros in other industry.

If u see d way he chats on fxfactory, u go b like say so na meshpips b dis...

meshpips:
I have told him that this is what I appeal to him to do. The issue I have with him is because he is writing that I am a certified scammer for attempting to help others get to where I am.

U be like Nigerian pastors. Preaching about heaven wey dem neva see d gate. Instead, preach ur strategy let ur followers follow.

Na certified scammer u b now. Person wey get rep for the platform don verify ur scamming attitudes.
Until can be trusted by others. Change dat attitude. Or go dey scam ur oyinbos fr fx factory.

U no fit scam omo 9ja for here again. Go else where if u no get VAP to preach again.

Geovanni412:
Well spoken

Failure rate bothering a trader is the lest problem to worry about

Think about this for 3 secs...

Would you enter into an activity if you knew you had a less than 20% chance of success?

Time up...

We do that everyday when we startup a business in Nigeria.

If na based on statistics, kuku fold your arms and do nothing.

Nigeria is number 1 in marital fraud. Does it mean men won't marry?

The prevalence of a negative statistic does not imply that the activity is not to be attempted.

No. It just means that the activity has high risk and is difficult to succeed in.

Even the Bible said that narrow is the way

Only people who have failures from other career will chose trading as a easy way to making it. Society worships money, if I bag 1M usd in d bank, dem go bow. There are different means to get this mulla, some do yahoo, doctors, coding...I choose trading.

You cannot have 1st class nd choose fx. Opportunities go open else where for u.

I cannot have a well paying job and choose fx, unto say wetin? A loss of a job means I don't feed.
I cannot be a doctor, nurse or account or engineer and choose fx? A loss to a doctor could mean someone's life. Or fraud to d accountant or collapse to the engineer.

A loss to a trader is just funds. You see its easy. And the time spent is totally different in all careers.

The stats are there, but the determination and will to succeed is all I need. But as man don fail for other industries or career, failing in trading should not be that huge once the risks involved is accepted by the trader.
You are right, many are called few are chosen. Those few have a different mindset to the game. 80%/20% rule. 20% eat 80% of the food while 80% struggle for 20% food share.

When you have gained knowledge, choose not to be disobedient. Na wetin kill Adam and eve in d garden of Eden. That's what's killing many traders too. If u obey ur strategy and rules, its easy.
But u see temptation and trials we all face it and that one ehn, even the best trader in d world using vap strategy is tempted.