₦airaland Forum

Hello everyone!

I'm here to keep journal of my small naira account with a broker. The purpose is to deposit at least #25,000 minimum and withdraw any withdrawable profit gain in naira as my own money management.

I'm targeting #1,000,000 trading balance for this account.

NB. Once profit is made I will withdraw from the initial balance of #25,000 multiples.

This thread is not for teaching, training, or financial advice but simply for motivation and encouragement to forex traders.

You can do it, once you pray, believe and put in hardwork in learning!

Find your edge...

I opened the naira account and deposited #25,000 today, trades made and profit gained as shown below.

Next is withdrawal...

Profit withdrawn and account balance reset to #25,000 in less than 5 minutes. Bravo!

I quickly bought eurjpy with the lowest naira lot size available and made #1074. I will trade again when there is a chance to do so for a new withdrawal.

Today's profit gained is #5695.49

Today's total profit is #9159

Today's balance #25,000

A new withdrawal done and balance reset as seen below 👇

Today's profit gained increased to #13,586 from #9159. I took 2 trades on eurusd and got #4427.

Currently selling usdcad...

Once usdcad ends profitably then I will withdraw the 3rd gain today.

3rd profit #4,427 gained withdrawn and balance reset to #25,000.

You are doing well bro just keep it up and avoid distractions because this country hard no need to fold hands

Greatheight:
3rd profit #4,427 gained withdrawn and balance reset to #25,000.

Which broker offer this account?

FxExpo:
You are doing well bro just keep it up and avoid distractions because this country hard no need to fold hands

I'm indeed grateful for your kind words. God Almighty bless you more in all your heart desires...

FxExpo:
Which broker offer this account?

Exness broker. You need to select NAIRA as your currency during your registration.

I have added 2 small sell positions to my usdcad trade. I won't be greedy for gain, once the profit figure is withdrawable then I will close them all and withdraw again.

Also I cut my loss low.

Howfa your mffx prop firm? Why did you leave the prop space for private account

seeteazain:
Howfa your mffx prop firm? Why did you leave the prop space for private account

Prop firms is a medium to long term project. Private account is just for freedom to explore quick profits gain without any fear or anxiety by drawdown rules. For instance, I could afford to risk #25,000 to #50,000 without much hassle and which means high risk to high gain in a short time.

I hope you understand.

Are you still trading on prop firm

And

Greatheight:
I have added 2 small sell positions to my usdcad trade. I won't be greedy for gain, once the profit figure is withdrawable then I will close them all and withdraw again.

Also I cut my loss low.

And what is the minimum withdrawal from excess in naira.

seeteazain:
Are you still trading on prop firm

No for now but doing other businesses in addition to private trading accounts. Be careful of prop firms now except a few of them.

wany:
And
And what is the minimum withdrawal from excess in naira.

It varies per day. #4000 on an average...

I increased my account balance with #25,000 to #50,000 with a new account and old account for withdrawal purpose via internal transfer.

Trading activities started yesterday with just a net profit of #416 only and currently today with a new net profit of #4847.

Howbeit, I will only target an average of #500 ( 1% of capital balance) on this account and once made I will transfer the profit to my old account.

NB. Once #4000 to #5000 is made as said from my first post then I will withdraw it; same process but with less risk exposure due to expected average withdrawal target.

I added 2 more 0.01 buy positions to my trade and closed all the buy trade positions with a small loss of #1100+

Afterwards, opened new sell trade positions and recovered previous loss with a new withdrawable profit as seen below.

Internally transferred profit of #4,478 withdrawn and banked...

Today's total profit gained and withdrawn is #9,325.

Account reset to #50,000.