₦airaland Forum

Davigle:
First off, my knowledge on fundamentals is very basic so I may not be able to answer your question appropriately. The naira appreciation against the dollar is simply because of FGN intervention and not off economic conditions or stimulus. The funny thing is that Nigeria CBN is a tool and puppet of the FGN, they have no power of their own. Judging based off the economic data and conditions of Nigeria, the naira is very much weaker than the dollar and should be in a far more worse condition. The Nigerian economy despite being the largest economy has a very weak labour market due to high unemployment rate and low jobs creation which is definitely affecting the labour participation rate of the country. I read through the article you posted and I gleam that the bigger portion of the labour participants are mostly business owners or self employed people. Also inflation seems to be rallying up in the economy especially food and transportation inflation with the CBN having no clear plan on how they intend to fight inflation, Nigeria production and manufacturing sector is in shambles and a whole lot of other factors which economically speaking should have greatly devalue the naira. But the FGN intervene by floating the naira and then restricted foreign reserve to the citizens (the cancellation of international transaction on all naira ATM cards is one good example of it). you can't go to the bank to get dollar now as it has been cancelled or restricted from citizens. this definitely lead to rise of P2P transactions on most crypto exchanges that give access to a semblance of foreign reserve at black market rates (why I say a semblance is because usdt is not USD neither is it owned by the federal reserve bank of America despite it being pegged and having almost the same value as the dollar) and with the continuous woes of the economy, this definitely leads to the demand for dollar as a save haven to hedge against naira devaluation. The fight against bureau de change and the blockage of the naira trading on some crypto exchanges by the FGN is what is supporting the naira and not real economic conditions. There are certain countries in which their government can interfere or manipulate their economy or the value of their currencies from the depreciating further, I'll use china as a case study, at the start of the year the Chinese Stock market was falling due to a bubble that happen in the Chinese real estate market (The Evergrand housing market crash) this lead to outflows of foreign investment from china leading to serious bear trend in the Chinese Stock market and the fall of the yuan against the dollar, towards the end of January, the Chinese government intervened by ordering the PBOC bank which is the Chinese central bank to hike interest rates by a 25 basis points and then also stopped the selling of shares in the Chinese Stock market, investors could only buy shares but could not sell them if they wanted to. Because of that the yuan momentarily rallied against the dollar before it continued it's bearish trend. Look at USDJPY, the BOJ have been warning of a manual intervention on the yen if USDJPY goes beyond 152. and when you compare the economies of the US, China and Japan, you would see that the US economy is much more stronger than the other economies hence the strength in dollar. So my humble submit on the naira appreciation against the dollar is simply because of FGN intervention and not based of economic stimulus...

you dey try with ur typing oooo.can I type a long epistle like this ?

Geovanni412:
@samfelly,

Deifunded fired their CEO

What's your experience like trading with them?

No mind them. After them pick me as one of the winners finish, them come dey bobo me to go Trustpilot and leave a positive review about them. Imagine that! Account wey I never trade and withdraw, I go come go dey write positive things about una - emi kor!!!

Meanwhile, Nostro don deliver me my $5k account o

GabsonFX2:
Good question: If I buy when it's buying, what if it starts selling just after I buy.

Attached is all my gold short trades today with a total profit of $1,546. Though gold bought today but I sold all the trades attached and came out with good profits today.

Now, see why I will never buy gold, D1 has bought since a month now, I could have bought but I don't want to be there buying when she will decide to short. I will wait again on Tuesday to short only.

Cool. Happy for ya

samfelly:
No mind them. After them pick me as one the winners finish, them come dey bobo me to go Trustpilot and leave a positive review about them. Imagine that! Account wey I never trade and withdraw, I go come go dey write positive things about una - emi kor!!!

Meanwhile, Nostro don deliver me my $5k account o

which trading platform nostro dey use?

realone12:
which trading platform nostro dey use?

MT5 o

samfelly:
No mind them. After them pick me as one the winners finish, them come dey bobo me to go Trustpilot and leave a positive review about them. Imagine that! Account wey I never trade and withdraw, I go come go dey write positive things about una - emi kor!!!

Meanwhile, Nostro don deliver me my $5k account o

Congratulations, abeg handle am with care.

B/w
This people still never deliver my own fingers crossed sha

ishayaauta:
Congratulations, abeg handle am with care.

B/w
This people still never deliver my own fingers crossed sha

Check your username on their Discord if it is green in colour

samfelly:
Check your username on their Discord if it is green in colour

Okay

Modified

It's showing white, and I've filled all forms and been there from day1 na wow ooo

ishayaauta:
Okay

Modified

It's showing white, and I've filled all forms and been there from day1 na wow ooo

Lol. Sorry, boss. But to attain a green name status, change the picture in your profile from the default avatar

samfelly:
Lol. Sorry, boss. But to attain a green name status, change the picture in your profile from the default avatar

when did they give you? Did they mail you? or you keep checking on discord? still waiting for mine
Update: i have seen their update on discord too.

samfelly:
Lol. Sorry, boss. But to attain a green name status, change the picture in your profile from the default avatar

How you go use check your username abeg?

PriceActionZ:
when did they give you? Did they mail you? or you keep checking on discord? still waiting for mine
Update: i have seen their update on discord too.

Today. Okay

rhynoemmie:
How you go use check your username abeg?

Go to their Discord and check if your username is green in colour. If it is, then follow the next instruction to fetch your free account

GabsonFX2:
I have read here, in recent time,on several posts where people here came out open to address their struggle in this business. I mentioned recent because ehhh this present FTA is far better than the past where here was full of lies, edited screenshots, etc; but now, many of them are no where to be found.

The present traders here are genuine, that I know sha, just yesterday or so, another person opened up to his struggle and we see that often here in recent time. This is happening because and like I have said many times in the past: you cannot continue to fake it, it will catch up on you, but by then it would be too late to realize. And I used to say stuff like: continue to fake it, in 2yrs, you will realize. Stuff like that. Now it's better here.

I joined this business in 2006 ish, 18years down the road; I can tell you that I gave up many times in this business that I claimed this busimess is scam. To everyone struggling, don't give up; be humble.

Shalom!

Baami your words always console and motivate me. I say this with all sincererity,

Infofirst. This your ghost mode for here na wa oh. How u dey?

hey folks...If you need cheap prop firm...with $3.75 ..you lay your hands on ryze $500 account..you start from there and work your way up...I have been paid by them..it so wonderful..contact in my dm for my enquires

mrblake:
hey folks...If you need cheap prop firm...with $3.75 ..you lay your hands on ryze $500 account..you start from there and work your way up...I have been paid by them..it so wonderful..contact in my dm for my enquires

Show screenshot of payment.
Samfelly you and ryze

samfelly:
Today. Okay



Go to their Discord and check if your username is green in colour. If it is, then follow the next instruction to fetch your free account

Thanks sha

I checked, It's not green but I've changed profile picture sha

.

Eaglepixel:
Show screenshot of payment.
Samfelly you and ryze

pristinee:
Hello real traders.

no. 1 fake trader is here greeting you all.

We greet you back with 23 gbosa!

I would be tracking the following movements on
xauusd
Gbpusd
Usdchf
Dax

nzechu:
I would be tracking the following movements on
xauusd
Gbpusd
Usdchf
Dax

Gold

Bullish Continuation to 423 and possibly 685

nzechu:
I would be tracking the following movements on
xauusd
Gbpusd
Usdchf
Dax

Gbpusd

Bullish run to 423

nzechu:
I would be tracking the following movements on
xauusd
Gbpusd
Usdchf
Dax

Usdchf
Immediate sell movement to 423, or i wait for 2 extra consolidation candles, before making a move

nzechu:
I would be tracking the following movements on
xauusd
Gbpusd
Usdchf
Dax

Dax
Bullish run from 0% to 423%

GabsonFX2:
I have read here, in recent time,on several posts where people here came out open to address their struggle in this business. I mentioned recent because ehhh this present FTA is far better than the past where here was full of lies, edited screenshots, etc; but now, many of them are no where to be found.

The present traders here are genuine, that I know sha, just yesterday or so, another person opened up to his struggle and we see that often here in recent time. This is happening because and like I have said many times in the past: you cannot continue to fake it, it will catch up on you, but by then it would be too late to realize. And I used to say stuff like: continue to fake it, in 2yrs, you will realize. Stuff like that. Now it's better here.

I joined this business in 2006 ish, 18years down the road; I can tell you that I gave up many times in this business that I claimed this busimess is scam. To everyone struggling, don't give up; be humble.

Shalom!

Thank you for been truthful yourself Big Boss on this matter , for having be doing it this for the past 18 solid years. Nothing good come easy, and this is a marathon journey we need to take cautiously and patiently. But the bane on progress of we new breed traders is impatient and quick $$$.

This what Boss mi Inforfirst has been drumming into our ears and he been in the business over 15 years also. There is no short cut in this business, we have to learn and continue growing progressively.

One of the best thing I have learned in this thread is money/risk management imposed by boss Inforfirst on those contest we had earlier, that's been my defactor approach to risk. The next I am still struggling with but definitely achieve soon is Boss Gabs swing D tf approach God help me!

Another thing I have discovered about Boss Gabsonfx is complete fearless and emotionless trading approach. The fear of lossing is complete out it. He traded his patterns without any emotional attachment whatsoever. While he has lost numerous funded & challenge accounts is WINNING and PROFIT dwarf those negativity. This is a lesson to us all that we shouldn't be saddened by those losses of funded or challenge accounts. The only disadvantages I believe most of have here is fund to sustain these can of approach hence excessive protectionist of our account which often leads to inevitable. But we must complete become DETACHED from our trades if we need to make profit consistently.

Cheers!

Geovanni412:
@ seeteazain

did fundednation refund you money yet?

Yes o since last week, after I call them out on X

I can feel you, but one thing I know is dont romance your loses. once the game runs against you exit.

Lanshile:
I swear I don tire
After my Nzdusd trade I picked yesterday reversed and hit sl after picking my sell limit order with a sniper entry with the 12:00 candle, I had to just sit down and think
Shey this is how man will continue
The reliability is not even there
I thought about relocating to another state and go and learn mechanic or go and learn how to drive trailer
This thing pains a lot
No matter the level of hardwork beong put into this game the trade still hit sl
5 years in the game but still havent achieved anything in it
Before u quote me and say I have the wrong knowledge or I should come and join ur telegram group just know that I will pick ur number from that same telegram group then come and beat you like mad in that ur location in front of ur mother and father

The thing realy hit hard that yesterday.
I did not make this post because I want to give up on fx and the loss made was only 0.8 of my maven account given to me by info which isn't much is just that it is hard to be in a business in which u make profit today and u feel really happy and the next day u make loss again and the cycle continues
We are living with depression but some of u will not know but we guys who are fighting all alone with no family or friends, we feel the pain more than u guys who've got a wing to hide under.

It is everyday we documet new lesson learnt but every single lesson comes with a loss when will the documentation now end

There is nothing bad in struggling before making it but the struggle in fx don dey too much

If u want to quote me and tell about the 6 billion that move around In fx every day just attach ur live account trade history for this year

Most of us here are struggling to make it in this game and is not like we are not working hard enough but Only God and the devil understand what is going on in this market
Yesterday's move that caught me off guard has explained everything
We are just spectators in this game
If not for the fact that I only trade with limit order and 1 trade at a time I dont know the level of loss I would have incurred

We will definitely make it but pending the time we make it let's endeavor to write wetin we dey face

I actually learnt my lesson yesterday and I learnt a new thing and yeah loss is part of the game but the Nigerian system did not program us to accept loss that much
50 dollar is more than the minimum wages now tell me how much u are willing to lose before milk and honey start to flow
Oloribu Chelsea whey I dey support that suppose to make me happy whey I dey bad mood still dey lose
Things dey for this life I swear

GabsonFX2:
I have read here, in recent time,on several posts where people here came out open to address their struggle in this business. I mentioned recent because ehhh this present FTA is far better than the past where here was full of lies, edited screenshots, etc; but now, many of them are no where to be found.

The present traders here are genuine, that I know sha, just yesterday or so, another person opened up to his struggle and we see that often here in recent time. This is happening because and like I have said many times in the past: you cannot continue to fake it, it will catch up on you, but by then it would be too late to realize. And I used to say stuff like: continue to fake it, in 2yrs, you will realize. Stuff like that. Now it's better here.

I joined this business in 2006 ish, 18years down the road; I can tell you that I gave up many times in this business that I claimed this busimess is scam. To everyone struggling, don't give up; be humble.

Shalom!

Thank goodness you pressed on and didn't throw in the towel.

According to Seeteazain, and I'll quote him; "Boss GabsonFX2 is in Chapter 49 of a 50 Chapters book of forex market. The rest of us [by this, he meant me and u wey dey struggle ] here are either in chapter 3 or 5, and we want to do what he is doing today. And when we can not do it, we are laden with frustration. But if he teaches us what he knows in that chapter 49 and going back, we can at least fast forward our progress to chapter 21 or 27." end of quote.

I couldn't help but appreciate his point when we had that little chit-chat about IFF's disappointing him, big time. Boss, abeg, give us all you can during the session we hope to have with you, soon. Thank u

GabsonFX2:
100% absolute

On the other hand, naija is where you can best enjoy your profits.

Live, trade, make profits, retire - naija for life! 😀

Ah bro... Don't say that 🤠... Naija with their constant blackouts. Low signal 🛑 and network issues?

You can not even have access to, or enjoy a constant 5G connection..😲

And you still believe naija is where you can best enjoy your profits—with policemen harassing people everywhere?

Bro... Wake up... and try collect one economy Visa for yourself... after your withdrawal.🎉🍾

UK go fit you.

seeteazain:
Yes o since last week, after I call them out on X

I see

How did they process the refund?

Was it to your card or via crypto?