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Forex Trade Alerts: Season 23 - Business (416) - Nairaland

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Re: Forex Trade Alerts: Season 23 by sampz: 8:44pm On Jul 08, 2023
Nwadaka:
Pls guys,once you are funded take out time to read and understand the terms and conditions of the account ..I got a soft breach mail from TFT on Friday notifying me that I have violated one of their trading conditions. Omor they deducted the $4k profit I made from the account and as it stands now i have only one warning before I will loose the account.

Modified: The account is $100k knight account, my running position hit Tp 2 minutes after NFP . I never knew that news restrictions was placed on the account cuz during evaluation challenge nothing like that happened.
Wait, what if a position have been entered before the news took place, and TP was reached because of the movement cause my news announcement. Would u still have bridged the terms about news trading?
Re: Forex Trade Alerts: Season 23 by realone12(m): 8:47pm On Jul 08, 2023
Nwadaka:
That's one of the reasons i give it to MFF, these guys u mentioned have an account with them, you are not restricted by news. TFT has about 4 different types of account (Royal, knight, Standard and another one I can't remember. I think Roya account supports news trading. I have standard and knight.
gosh!! too bad.
Re: Forex Trade Alerts: Season 23 by Nwadaka: 8:48pm On Jul 08, 2023
sampz:

Wait, what if a position have been entered before the news took place, and TP was reached because of the movement cause my news announcement. Would u still have bridged the terms about news trading?
Ya, na watin happen to me, took the entry on Thursday and Tp hit in Friday.

1 Like

Re: Forex Trade Alerts: Season 23 by PIPSMARSHALL: 8:55pm On Jul 08, 2023
Tradinggiant:
But why everybody day choose Maven?? Thought we discussed MFFX ?

Their discount.
Re: Forex Trade Alerts: Season 23 by realone12(m): 9:17pm On Jul 08, 2023
Nwadaka:
Ya, na watin happen to me, took the entry on Thursday and Tp hit in Friday.
so how many hours after the news are we expected to trade?

imagine seeing your clear signal, but you can't open a position because there is a news coming up in the next one hour.. gosh!!
Re: Forex Trade Alerts: Season 23 by karkinase(m): 10:18pm On Jul 08, 2023
PraiseGod4u:


All of them are same bro.. havent you noticed 90% of them use eightcap or thinkmarkets? Dey play.. Dont take my words for it sha.
Go with your guts.




They are same bro..same broker



B book means you are trading but the broker isnt taking your trades cos they know you'll eventually lose.

A book means you are actually trading live account and whatever trade you take goes live into the market.
Forget any live account tag a broker will give you, its just formality. Thats why prop firms dont care wether the account is demo or live.

Its only when a broker sees that you are consistently profitable before they'll start taking your trades, seem with all the prop firms. So whatever payout prop firms are making its from the failed challenges and the few traders that they've A booked.

So forget the issue of whether its demo or live and just trade your thing as far as they are paying no wahala
Gbam 💯
Re: Forex Trade Alerts: Season 23 by karkinase(m): 10:20pm On Jul 08, 2023
Nwadaka:
Ya, na watin happen to me, took the entry on Thursday and Tp hit in Friday.
Mehn na BS be this na.. this ones be village ppl in disguise oo.. news move markets so how you take make profits if news no push ur trades to TP

7 Likes

Re: Forex Trade Alerts: Season 23 by VeeVeeMyLuv(m): 10:24pm On Jul 08, 2023
karkinase:

Mehn na BS be this na.. this ones be village ppl in disguise oo.. news move markets so how you take make profits if news no push ur trades to TP
They are clever
Re: Forex Trade Alerts: Season 23 by realone12(m): 10:24pm On Jul 08, 2023
karkinase:

Mehn na BS be this na.. this ones be village ppl in disguise oo.. news move markets so how you take make profits if news no push ur trades to TP
for this reason alone they will likely lose alot of customers
Re: Forex Trade Alerts: Season 23 by realone12(m): 10:26pm On Jul 08, 2023
VeeVeeMyLuv:
They are clever
clever? how?
Re: Forex Trade Alerts: Season 23 by VeeVeeMyLuv(m): 10:29pm On Jul 08, 2023
realone12:
clever? how?
Lol 😂 they put the trader in a tight corner
Re: Forex Trade Alerts: Season 23 by sampz: 5:14am On Jul 09, 2023
VeeVeeMyLuv:

Lol 😂 they put the trader in a tight corner

Very tight corner.. and during comp. Nothing like that oo
Re: Forex Trade Alerts: Season 23 by sampz: 5:16am On Jul 09, 2023
realone12:
so how many hours after the news are we expected to trade?

imagine seeing your clear signal, but you can't open a position because there is a news coming up in the next one hour.. gosh!!
From the document he send here, I saw something like 4min.. would wait for him to come clarify
Re: Forex Trade Alerts: Season 23 by Tradinggiant: 6:04am On Jul 09, 2023
PIPSMARSHALL:


Their discount.
oh okay boss
Re: Forex Trade Alerts: Season 23 by karkinase(m): 6:27am On Jul 09, 2023
realone12:
for this reason alone they will likely lose alot of customers
Na nonsense .. that’s why MFF and Ftmo will still be true go to prop for people..
Re: Forex Trade Alerts: Season 23 by karkinase(m): 6:30am On Jul 09, 2023
That MYfundedfx just came to scam ppl with no time limit. Me no too like them from day 1 . The next better one after MFF and Ftmo is ThefundedTrader
Re: Forex Trade Alerts: Season 23 by Donsheddy: 6:47am On Jul 09, 2023
karkinase:
That MYfundedfx just came to scam ppl with no time limit. Me no too like them from day 1 . The next better one after MFF and Ftmo is ThefundedTrader

Thefundedtrader have also switched to no time limit.....

Myfundedfx actually set the pace for this....
I don't see scam here...
People are getting paid and the firm is actually growing at a very fast pace...
After this three firm ftmo, mff and tft... Myfundedfx is fourth...
If other firms no switch up....
Myfundedfx go take over....
Lots of firms have introduced notimelimit.......
Remember when mff came out.....
They started with lower profit target and wider DD.....
Then they introduced extensions and unlimited free retry...
People started moving from ftmo to myforexfunds. .
And now mff don overtake ftmo ...

2 Likes 1 Share

Re: Forex Trade Alerts: Season 23 by OfficialP: 7:28am On Jul 09, 2023
Why are we agitated. if you have open position, simply close it 5mins before the news release. Shikena
Re: Forex Trade Alerts: Season 23 by BrightFuture48: 8:34am On Jul 09, 2023
karkinase:

Na nonsense .. that’s why MFF and Ftmo will still be true go to prop for people..
FTMO also have same rule on news.

1 Like

Re: Forex Trade Alerts: Season 23 by Aremolekunowo(m): 8:42am On Jul 09, 2023
I just bought the TEN TRADE account on Thursday, they ve introduce new things to profirm.
1. No daily drawdown DD
2. Minimum trading days 5
3. Maximum drawdown 9%
4. 10 % profits pass
5. Maximum trading days 60
6. Minimum account purchase 3k=$29
7. Direct scaling plans each time you hit 10% 10k, 30k, 90k,270k and Max 500k usd
8. Sharing formula 30/ 70 percent
9. Naira [kora] payment option available
10. Once you pass your challenge 5- 60 days you can request for a payout of 70%. Through credit cards,crypto, Kora bank transfer to your naira account..
11. Challenge is only 1 phase not 2 once you pass even in one day you will be funded with live account.
So I decide to go with there smallest account $3000 for 29usd I already have some drawdown through that NFP news on Friday but thank God no daily drawdown but max DD. I paid in naira equivalent of 740 to usd. Once I hit 10% which is 3,300usd i will get my live funded account. Note I went to their physical office at Opebi ikeja lagos to get this done. Let's see how it goes, am xoming back for more updates. Thanks house I first learnt about profirm in this group.
Any one interested in this I can give you the registration link or go to their office at opebi gwx building.

9 Likes 3 Shares

Re: Forex Trade Alerts: Season 23 by BrightFuture48: 8:43am On Jul 09, 2023
karkinase:
That MYfundedfx just came to scam ppl with no time limit. Me no too like them from day 1 . The next better one after MFF and Ftmo is ThefundedTrader
You're mixing it up. The bro is talking about TFT not Myfundedfx. And myfundedfx remaining the best in their rules flexibility except max DD at 8%, every other thing the beat FTMO,mff and TFT hands down.

Again, myfundedfx is more transparent than other prop firms, given out details statistics about their traders even than mff that started. They made video detailing prop firm operations. I don't know how you arrive at 'scam' label for myfundedfx

1 Like

Re: Forex Trade Alerts: Season 23 by Emmizay12(m): 8:56am On Jul 09, 2023
BrightFuture48:

You're mixing it up. The bro is talking about TFT not Myfundedfx. And myfundedfx remaining the best in their rules flexibility except max DD at 8%, every other thing the beat FTMO,mff and TFT hands down.

Again, myfundedfx is more transparent than other prop firms, given out details statistics about their traders even than mff that started. They made video detailing prop firm operations. I don't know how you arrive at 'scam' label for myfundedfx

lol na only people wey dey blow prop firm accounts dey scream scam,


but the rate at which propfirms are everywhere these days, with different conditions, me I'm waiting for the propfirms that will do a 1 step 5% profit target only, with the same trading conditions and prices of a MFFX 2 step account

Is this prop firms the future of Forex trading or is this just a bubble about to pop?

3 Likes

Re: Forex Trade Alerts: Season 23 by karkinase(m): 9:11am On Jul 09, 2023
BrightFuture48:

You're mixing it up. The bro is talking about TFT not Myfundedfx. And myfundedfx remaining the best in their rules flexibility except max DD at 8%, every other thing the beat FTMO,mff and TFT hands down.

Again, myfundedfx is more transparent than other prop firms, given out details statistics about their traders even than mff that started. They made video detailing prop firm operations. I don't know how you arrive at 'scam' label for myfundedfx
Ohh, my bad I mixed it up. As for the scam tin it’s not literally I was meant to say Myfundedfx came in with no time limit to lure ppl to their operations.. my premise was already an error .. thanks for calling my attention to this .
Re: Forex Trade Alerts: Season 23 by Edd1e(m): 9:14am On Jul 09, 2023
BrightFuture48:

You're mixing it up. The bro is talking about TFT not Myfundedfx. And myfundedfx remaining the best in their rules flexibility except DD at 8%, every other thing the beat FTMO,mff and TFT hands down.

Again, myfundedfx is more transparent than other prop firms, given out details statistics about their traders even than mff that started. They made video detailing prop firm operations. I don't know how you arrive at 'scam' label for myfundedfx

They have a pro account now with 10% DD, albeit, more expensive.

1 Like

Re: Forex Trade Alerts: Season 23 by csckid(m): 9:17am On Jul 09, 2023
Aremolekunowo:
I just bought the TEN TRADE account on Thursday, they ve introduce new things to profirm.
1. No daily drawdown DD
2. Minimum trading days 5
3. Maximum drawdown 9%
4. 10 % profits pass
5. Maximum trading days 60
6. Minimum account purchase 3k=$29
7. Direct scaling plans each time you hit 10% 10k, 30k, 90k,270k and Max 500k usd
8. Sharing formula 30/ 70 percent
9. Naira [kora] payment option available
10. Once you pass your challenge 5- 60 days you can request for a payout of 70%. Through credit cards,crypto, Kora bank transfer to your naira account..
11. Challenge is only 1 phase not 2 once you pass even in one day you will be funded with live account.
So I decide to go with there smallest account $3000 for 29usd I already have some drawdown through that NFP news on Friday but thank God no daily drawdown but max DD. I paid in naira equivalent of 740 to usd. Once I hit 10% which is 3,300usd i will get my live funded account. Note I went to their physical office at Opebi ikeja lagos to get this done. Let's see how it goes, am xoming back for more updates. Thanks house I first learnt about profirm in this group.
Any one interested in this I can give you the registration link or go to their office at opebi gwx building.

link please..07059042641
Re: Forex Trade Alerts: Season 23 by kendoschurrle(m): 9:28am On Jul 09, 2023
if you no wan get wahala with TFT news ish, choose their Standard Swing acccount. leverage go reduce to 1:30 but e still dey okay if you no be gambler wey wan hammer immediately

na wetin I choose because I hate restrictions. no be say I dey trade news but my open position fit use news as fuel make person no come tell me nonsense

na why i no fit use FTMO and MFF i go beat their time limit but market ya werey gan I no wan lose my challenge money if month no good

for me the top three na:
MFFX
TFT
FundedNext

I dey monitor Fundedengineer. dem no get any stupid limits and no confusion for account type. before year go end, I go add them and then relax cool cool

3 Likes 1 Share

Re: Forex Trade Alerts: Season 23 by kendoschurrle(m): 9:36am On Jul 09, 2023
Emmizay12:


lol na only people wey dey blow prop firm accounts dey scream scam,


but the rate at which propfirms are everywhere these days, with different conditions, me I'm waiting for the propfirms that will do a 1 step 5% profit target only, with the same trading conditions and prices of a MFFX 2 step account

Is this prop firms the future of Forex trading or is this just a bubble about to pop?

e no go pop per say because na wetin brokers dey enjoy since except say dem dey swallow the whole profit alone

TFT wan celebrate reaching 100 milla in payout soon

imagine how much brokers like FXPro wey don dey for 15 years plus go don swallow clean mouth

but make una dey careful with firms wey una dey choose because if the firm dey depend on only lost challenge money, e go fail

the best firms we go last na those wey know how to make money from profitable traders too

those nigerian firms like consummate and co, i no go even near them at all because na clear ponzi dem dey run grin grin all these A book and B book no concern them o
Re: Forex Trade Alerts: Season 23 by RKTexpert: 9:49am On Jul 09, 2023
Nwadaka:
Pls guys,once you are funded take out time to read and understand the terms and conditions of the account ..I got a soft breach mail from TFT on Friday notifying me that I have violated one of their trading conditions. Omor they deducted the $4k profit I made from the account and as it stands now i have only one warning before I will loose the account.

Modified: The account is $100k knight account, my running position hit Tp 2 minutes after NFP . I never knew that news restrictions was placed on the account cuz during evaluation challenge nothing like that happened.
lark n bespoke will still pay you profits even if the acct was breached while in profits
Re: Forex Trade Alerts: Season 23 by zedegit: 9:49am On Jul 09, 2023
sampz:

Wait, what if a position have been entered before the news took place, and TP was reached because of the movement cause my news announcement. Would u still have bridged the terms about news trading?


Exactly what I was trying to say before some know all carried the matter for head. Just like he said some prop firms don't tolerate positions being open during news release whether it's profitable or not.


Meanwhile that of mffx has something to do with the trailing 6% which they say they calculate from the highest ever amount you made.

Assuming they funded you $5000 and you made profits up to $5500 and later start a losing streak, 6% of $5500 is $330. Meaning your account must not fall below $5170.

Violation of which they will not grant you another funded account. They encourage leaving some part of your profits in the account, yet they will take theirs complete.

Someone took $5000 close to $5500 then lost 4% (Daily DD)which is $220. They took the account from him. He not only lost his account but also lost his generated profits of about $200.

Another they accused him of using EA to trade, seized his account and denied him profits.

I can go on and on but what do I know? I suggest you join their discord community and follow complaints and their response. You will learn one or two.

I want to check out Mavin trading and see if their rules are straight forward. I believe 6% total DD and 4% Daily DD should be calculated from the default funded amount and swap free account must be guaranteed. If I see an honest prop firm that guarantees these conditions, I will get a prop account. But for now I will be watching and perhaps trying out their competition.

NB: I might be wrong but make your own unbiased enquiry. I mean well. Congratulations to all funded traders. Please make it count.

5 Likes 3 Shares

Re: Forex Trade Alerts: Season 23 by Nobody: 9:55am On Jul 09, 2023
BrightFuture48:

You're mixing it up. The bro is talking about TFT not Myfundedfx. And myfundedfx remaining the best in their rules flexibility except max DD at 8%, every other thing the beat FTMO,mff and TFT hands down.

Again, myfundedfx is more transparent than other prop firms, given out details statistics about their traders even than mff that started. They made video detailing prop firm operations. I don't know how you arrive at 'scam' label for myfundedfx

Exactly if I hustle na to go through myfundedfx
Their transparency is like no other
Tft seem to have hidden rules, you need to look well. Na when you don breach the rules dem go come send you rubbish e-mail...
Re: Forex Trade Alerts: Season 23 by zedegit: 9:56am On Jul 09, 2023
Nwadaka:
Ya, na watin happen to me, took the entry on Thursday and Tp hit in Friday.

This is very painful.
Re: Forex Trade Alerts: Season 23 by kendoschurrle(m): 9:56am On Jul 09, 2023
zedegit:


Meanwhile that of mffx has something to do with the trailing 6% [/b]which they say they calculate from the highest ever amount you made.

Someone took $5000 close to $5500 then lost 4% (Daily DD)which is $220. They took the account from him. He not only lost his account but also lost his generated profits of about $200.

[b]Another they accused him of using EA to trade, seized his account and denied him profits.


I can go on and on but what do I know? I suggest you join their discord community and follow complaints and their response. You will learn one or two.


you don't know enough to dey preach this thing brother grin grin

the person wey choose 6% trailing account na the idiot because dem explain the rules clear for their page

why e no choose standard evaluation like normal people wey get sense grin grin

for EA, MFFX no dey stop EA usage unless na arbitrage or HFT

prop firm rules dey feel limiting sometimes but you no fit ignore the HUGE opportunity wey dem dey give people

just find way adjust

me for example i go prefer 10% daily DD and 20% lifetime DD but since I no fit get am with any of the reputable ones wetin I do? reduce my risk by 50% simple

anybody wey no fit trade with MFFX no fit trade with others e no matter who you wan call

1 Like 1 Share

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