₦airaland Forum

OgThanos:
I swear,
You're very correct..
I lost 50k last November...e be like say make I commit suicide..

Just calm down for now till you mastered it wella it is very risky I have been in the forex for years even if you mastered it you can't be winning all days the lost can only be reduced to the bearest minimum.

essentialone1:
That means he lost about N57,117,640,000 in 2024?

57.1 Billion Naira

5.7b and not 57.1b

ImoleNaija:
5.7b and not 57.1b

yes that is forex for you nothing new.

merits:
Forex is like gambling so ready to carry your cross.

It is very different from gambling. But you need to master the business to make consistent profits.

otherway:
It is very different from gambling. But you need to master the business to make consistent profits.

That is why I said it's like gambling I am not actually saying is gambling.

ImoleNaija:
5.7b and not 57.1b

You are correct. 5.7 Billion Naira.

Johnn74:
Be deceiving yourself. Banks trade Forex and that's on it period. CFDs are basically illegal in some countries and not all Forex traders or Crypto Traders trade CFDs or derivatives Nd Futures. Banks trade SPOT Forex
Even me, my lst year of Crypto Trading was 100% on the SPOT market;

So how many people trade trade forex like banks, you just confused oga, CFDs is what almost every individual traders does. People who buy dollar and sell are different from people who trade CFDs.

tope777:
Please delete this your comment before it will be too late.

Major Forex Traders that cover 95% are:
-Central Banks.
-Commercial Banks.
-Institutions.

Minor Forex Traders that cover 5% are:
-Retail Traders.( Me and others )

If you dont have full knowledge of some certain things, its always good to ask Google first.

Shalom.

Oga, you are the ignorant one, google is your friend, Banks don't trade CFDs. No be today we dey learn about this things. So go and learn

Princewill1:
All businesses in it all you do is to speculate are the same. Examples: stock trading, sports betting, Forex trading, binary options, crypto currencies. They are all the same, nothing different. Just a change of name.

Speculation is simply prediction.

It's stupidity to call sports betting gambling and Forex trading an investment.

Gambling means 'risking money to make more money.' Same 'risking money' that people do when trading Forex.

Forex trading is bet9ja in disguise.

Leave dem make dem dey decieve their self

Stop saying what you don't know, nor go they talk like this make you nor miss yr destiny helpers for life, it was through this man's effort the same Emmanuel built a bungalow for her parents and also bought car for them or were you tink say the money from come out ? Na from the 100k to 150k if not for mark agel Emmanuela for don fade away just like mommy calm down boy

dominique:
All the millions he ripped off Emmanuela, Denilson and the others working under hin nko? He was paying them paltry 100-150k while pocketing tens of thousands of dollars in content monetisation fees and millions of naira in endorsement and brand partnership. If truly he lost that amount of money them it is karma coming for his greedy ass but we know it's a lie. He doesn't want to pay the cast mates that left him their entitlement. I hope they sue his crusty ass for all he's worth.

merits:
That is why I said it's like gambling I am not actually saying is gambling.

No sir.

Gambling is when you depend on luck. Forex trading involves strategic analysis.

You need to understand the difference.

I blame VDM

$3.7M is about ₦5.7B (@ $1 to ₦1540)

This means MarkAngel is a naira billionaire yet he's not in the top 100 richest in Nigeria.

#That money is likely what he was expecting to win, not the amount he invested.
#Make him show receipt or this one na cruise talk to trend.

JobAndVacancies:
are you serious you stakes the whole money?
How did you cope with life after the loss?

I staked every Kobo. Watching the video was the longest 90 minutes of my life. I didn't feel bad for long cos I ended up making more money from bets.

$3.7m?? From comedy? Be hyping yourself.

And is it not stupidity to invest all that money in only one business, especially one in which you are always warned you could lose all your investments?

Where does he got #6.bn from?if i got $3.7m do i need to trade or do anything again?

MrBroke:
So how many people trade trade forex like banks, you just confused oga, CFDs is what almost every individual traders does. People who buy dollar and sell are different from people who trade CFDs.

If you have $1000 or $3000 and are new to the Forex scene; it is advisable to stick to the SPOT market Forex or crypto or Stocks. In spot market; it is easier to DCA and the net asset can never be Liquidated unless it drops to Zero 0 .

Me personally; l did not venture into CFDs Derivatives or Futures until my second year anniversary trading

I still cool off futures ; Derivatives; Leveraged CFDs and Margin Trading every now and then ;

Is it that easy to loss in forex trading? Or you gamble or Ponzi scheme stuffs.

I don't understand you lost such amount in forex? Like how many lots sizes per trade? No SL, or risk management?

It's definitely not forex trading.... Tar people can lie

otherway:
No sir.

Gambling is when you depend on luck. Forex trading involves strategic analysis.

You need to understand the difference.

That's correct but even Strategic Technical Analysis requires training and mastering to become proficient at skillfully using the Technical Analysis tools;
Where Lack of skills and Greed leads; Forex or Crypto and stocks Trading becomes a little more or less equal to gambling

blackmantis:
Forex is not child's play.

You gotta learn the system. Fundamental, technical, Risk management but most important of all discipline.

Forex has it's own spirit when in profit that spirit will start to tell you not to close your trade if not you will miss out . That's the problem I always have , at the end I'll end up giving all my profit plus capital to the brokers
It all boils down to discipline

Wetin he dey search for forex or crypto deals if he needed investments? Quick profits syndrome

otherway:
No sir.

Gambling is when you depend on luck. Forex trading involves strategic analysis.

You need to understand the difference.

It is gambling no matter how we look at it, one side must make a loss so that the other side can make gain

Forex is 100% gambling If you have no trading wining strategy.
I can't forget in hurry how i lost 500k for my school fee when i started

This is deep

I have no right to say he lied because anything is possible in life. In my early days in forex trading, I lost over $3000, and that was 17 years ago. I thought I had won the lottery for being a trader, so I went all out to borrow money with the hope of paying immediately.

To God be the glory; today forex is my major source of income. Losing $3.7m to trading means that the trader has zero or no clue of what forex trading is all about.

If you are reading this, never be discouraged trading forex. It is one of the most legitimate ways of making money online, and it requires dedication, commitment, and focus.

If you have some money to invest, you can contact me as let's discuss it out.

More about me here https://www.youtube.com/channel/UCElkQa1QQsJMvQSxRRxasJg?sub_confirmation=1

Michaelladi1:
https://www.google.com/amp/s/punchng.com/2024-hardest-year-of-my-life-i-lost-3-7m-in-forex-mark-angel/%3famp

merits:
Forex is like gambling so ready to carry your cross.

Are you sure? This is something I want to invest My 200$ on

JobAndVacancies:
2024 was a year of loss to many.
I staked my full Salary on Real Madrid to either win or draw Milan but they lost 1-3, I nearly committed suicide that month cos it wasn't easy.
People also borrowed money from me and I touched my savings and emergency and lent 30k, 20k and other amounts of money but till date they all refused to refund or pay back.
This year I have promised to be very hard on myself.
The emilokan drug baron's administration isn't helping matters either, money doesn't have value anymore due to the cost of living..
The only achievement I made last year was just feeding myself, nothing tangible or meaningful achievement last year despite all the hustles.
Recently , I went to the market with 50k to purchase some cheap clothes but the money could only acquire a palms, sandals, belt, two boxers and one trousers.
If you're supporting this administration it will never be well with you and your generations.

Start forex

Judolisco:
What's the difference between sport betting and forex trading?

This is not a true

remi4ever:
Story of my life. Just lost 4m to crypto because of a error that was totally avoidable and lack of sleep.

I was winning and one single error wiped it all..

This year didn't start well for me at all..

futures
Leave futures alone o

Michaelladi1:
https://www.google.com/amp/s/punchng.com/2024-hardest-year-of-my-life-i-lost-3-7m-in-forex-mark-angel/%3famp

that thing call forex is pure online gamble

Jughead29:
Is it that easy to loss in forex trading? Or you gamble or Ponzi scheme stuffs.

I don't understand you lost such amount in forex? Like how many lots sizes per trade? No SL, or risk management?

It's definitely not forex trading.... Tar people can lie

God bless you my brother I've been thinking about this now how could you put such kind of amount in forex trading and loss it's a lie