₦airaland Forum

pipfisher:
Nothing concern me with prop firm again. It's a criminal venture those people are running.

infofirst:
Boss mi, don't give up on them o. Just try to get reputable ones to deal with and understand their rules before you sign up. Don't miss out on the gold mine. It's out rightly normal for bad eggs to want to take advantage.

Don't close your eyes because the wicked ones are on the way o.......

pipfisher:
Here is why I don't care about prop firm again. In order to avoid losing an account, one spends so much time trying to pass a challenge because of too many rules that is besides the manipulations going on at the back end. Manipulation like fake slippage. That one is too common among prop firms. It happened to me severally and got me frustrated. Imagine having your SL executed at 3x or 4x the actual risk you placed.
Now, a 10k account is approx 90usd. If I pass such account, I probably will be happy to see 500usd from such account. After having thought about it, I felt it was better I risk 100usd per trade, if the trade goes well I see nothing short of 3x from experience. Sometimes 6x to 8x in pairs like GBPNZD and JPY pairs. If I lose the 100usd, I fund again from previous profit. This gives me a better peace of mind because I am certain there will be no stories with my withdrawal and no unnecessary manipulation.
The attached screenshot is my current trade on USDCHF. I placed trades until my MARGIN LEVEL comes down to 300%. This creates a little room for some draw down because I am treating that 100usd account as SL. If all things go as planned, I should be living this trade with nothing short of 450usd. I feel better trading this way now.
The only thing is that this my method requires having an edge over the market, else you may need to fund more than twice before hitting a successful one.

Alexas58:
Registration for December competition starts today!


All participants who want to enter should quote me with their usernames and indicate interest

Same way we have been doing it.


Prizes to be won
200k naira trader account for 5 persons


Leggo !! We will play for 3 weeks

Let’s present certificates for the house

pipfisher:
Here is why I don't care about prop firm again. In order to avoid losing an account, one spends so much time trying to pass a challenge because of too many rules that is besides the manipulations going on at the back end. Manipulation like fake slippage. That one is too common among prop firms. It happened to me severally and got me frustrated. Imagine having your SL executed at 3x or 4x the actual risk you placed.
Now, a 10k account is approx 90usd. If I pass such account, I probably will be happy to see 500usd from such account. After having thought about it, I felt it was better I risk 100usd per trade, if the trade goes well I see nothing short of 3x from experience. Sometimes 6x to 8x in pairs like GBPNZD and JPY pairs. If I lose the 100usd, I fund again from previous profit. This gives me a better peace of mind because I am certain there will be no stories with my withdrawal and no unnecessary manipulation.
The attached screenshot is my current trade on USDCHF. I placed trades until my MARGIN LEVEL comes down to 300%. This creates a little room for some draw down because I am treating that 100usd account as SL. If all things go as planned, I should be living this trade with nothing short of 450usd. I feel better trading this way now.
The only thing is that this my method requires having an edge over the market, else you may need to fund more than twice before hitting a successful one.

Alexas58:
Registration for December competition starts today!


All participants who want to enter should quote me with their usernames and indicate interest

Same way we have been doing it.


Prizes to be won
200k naira trader account for 5 persons


Leggo !! We will play for 3 weeks

Let’s present certificates for the house

infofirst:
Looks like you figured it out.

pipfisher:
Exactly.
In the end we are all after the bag. The beauty of forex trading is that there is too many route to the stream. It's all about someone locating the route that is very much suitable.
I am optimistic that in future the prop firm space will get a better a tighter regulation and then it will be worth trying again.
However, with the current state I can only wish participants well.

JasonNOTStatham:
I read your point of view. If the pass rate of a 2 step account is 1 in 10 chances. Taking $75 per 10K challenge, that would mean $750 in spending to get to funded stage... With 8% + 5% in the two phases will amount to 1,300 worth of unwithdrawable profit generated.

I think not many people view it the way you do, and I'm afraid I'm one of them 😢

Alexas58:
Competition starts now!


Rules!

1. Funded next 100k demo account

Post investors password as we have always done

Alexas58:
Registration for December competition starts today!


All participants who want to enter should quote me with their usernames and indicate interest

Same way we have been doing it.


Prizes to be won
200k naira trader account for 5 persons


Leggo !! We will play for 3 weeks

Let’s present certificates for the house

Alexas58:
Competition starts now!


Rules!

1. Funded next 100k demo account

Post investors password as we have always done

Alexas58:
Competition starts now!


Rules!

1. Funded next 100k demo account

Post investors password as we have always done


hnmHW46##
32718280

Alexas58:
Competition starts now!


Rules!

1. Funded next 100k demo account

Post investors password as we have always done

Alexas58:
Competition starts now!


Rules!

1. Funded next 100k demo account

Post investors password as we have always done

Alexas58:
We play for 3 weeks

We give out two naira trader 200k accounts



Every 3 weeks of play

Till we’re done with the 5 acccounts to be given away


So every 3 weeks we can accept new contestants and the game starts afresh again

Alexas58:
Alexas58 is playing

Login : 32721178
Inv pass: smiGN89##

Alexas58:
There is something funded next does
They do a monthly competition I am also participating on it to win some prizes.

I thought I should let the house know too


Any opportunity we get in horning our skills should not be taken for granted.

All these little competitions here and there
Helps to keep your game more tight and upstrong because you are always playing

And as long as you are in the system, you will keep on figuring out new things

pipfisher:
Here is why I don't care about prop firm again. In order to avoid losing an account, one spends so much time trying to pass a challenge because of too many rules that is besides the manipulations going on at the back end. Manipulation like fake slippage. That one is too common among prop firms. It happened to me severally and got me frustrated. Imagine having your SL executed at 3x or 4x the actual risk you placed.
Now, a 10k account is approx 90usd. If I pass such account, I probably will be happy to see 500usd from such account. After having thought about it, I felt it was better I risk 100usd per trade, if the trade goes well I see nothing short of 3x from experience. Sometimes 6x to 8x in pairs like GBPNZD and JPY pairs. If I lose the 100usd, I fund again from previous profit. This gives me a better peace of mind because I am certain there will be no stories with my withdrawal and no unnecessary manipulation.
The attached screenshot is my current trade on USDCHF. I placed trades until my MARGIN LEVEL comes down to 300%. This creates a little room for some draw down because I am treating that 100usd account as SL. If all things go as planned, I should be living this trade with nothing short of 450usd. I feel better trading this way now.
The only thing is that this my method requires having an edge over the market, else you may need to fund more than twice before hitting a successful one.