₦airaland Forum

Akwamkpuruamu:
I have made 500usd on Gold since yesterday. The Bulls are still on at 4466. Still holding on to 4480 as my TP

Na you get Detty December then. Enjoy

Alexas58:
Trading is a skill, and as it means that it’s a skill.


It means that you are an artist, trying to paint a picture on a canvas.

The canvas is yours.
Let’s leave a little of the story telling and hit the nail on the head .

When trading margin or buying a prop firm account.
There is something that you should know.

And knowing this is very very important as an edge to your trading game.


The account goes as this
Balance - total amount

Equity - total available amount,which includes floating profit and floating loss

Margin - the amount your trade takes from your available balance to place a trade.


Now, before we enter the stage of margin and talk more about it

Alexas58:
When trading margin or buying a prop firm account.
There is something that you should know.

And knowing this is very very important as an edge to your trading game.


The account goes as this
Balance - total amount

Equity - total available amount,which includes floating profit and floating loss

Margin - the amount your trade takes from your available balance to place a trade.


Now, before we enter the stage of margin and talk more about it

Let us assume that the leverage we are using is 1:100. But most people use 1;1000, because of small account size to enable them take positions.


Most people tend to blow their accounts because of over leveraging.

Now, there are certain ways to get the money out of the market.

1. Knowing the margin requirements for each pair that you are trading.



This is a very important tool .

How do we know the margin requirements for each trade we are about to enter.


Margin requirements is being simplified on mt5 if you are taking the position using the graph of the chart, as you can easily see your stop loss and all that.

Now, for those who do not understand what I am talking about.

Alexas58:
Let us assume that the leverage we are using is 1:100. But most people use 1;1000, because of small account size to enable them take positions.


Most people tend to blow their accounts because of over leveraging.

Now, there are certain ways to get the money out of the market.

1. Knowing the margin requirements for each pair that you are trading.



This is a very important tool .

How do we know the margin requirements for each trade we are about to enter.


Margin requirements is being simplified on mt5 if you are taking the position using the graph of the chart, as you can easily see your stop loss and all that.

Now, for those who do not understand what I am talking about.

I'll state it like this..

Because of the rate at which, gold is trading currently, and it is already at 4470.

Moving to 4520 is like 50 points rite?

Now, notice that as the price of a commodity moves very high and goes in thousands, it is very easy for it to do, multiples of hundreds in a day.

What does I mean?

A trade that is currently at a price range of 50, and does 300 points in a day is a very abnormal scenario. Which is also very possible
Because since, in trading anything is possible.


But now, let's look at the real aspect of trading now.

A trade that is trading within a value of 50, even if it starts a run, you will notice that the daily openings of most of its high and close for the day

Would tend to add up between numbers in the range of 1 -5.

Alexas58:
I'll state it like this..

Because of the rate at which, gold is trading currently, and it is already at 4470.

Moving to 4520 is like 50 points rite?

Now, notice that as the price of a commodity moves very high and goes in thousands, it is very easy for it to do, multiples of hundreds in a day.

What does I mean?

A trade that is currently at a price range of 50, and does 300 points in a day is a very abnormal scenario. Which is also very possible
Because since, in trading anything is possible.


But now, let's look at the real aspect of trading now.

A trade that is trading within a value of 50, even if it starts a run, you will notice that the daily openings of most of its high and close for the day

Would tend to add up between numbers in the range of 1 -5.

.
That means, it can move from 50 to 53, in a day, which is a very healthy move.



Now, let me explain what I am saying


We have trade A current price action at 53.
We have trade B current price action at 4599



We enter 0.01 lot size of a long position on trade A , with price action of 53.


We take 0.01 lot size of a long position on trade B, with price action at 4599.

Alexas58:
.
That means, it can move from 50 to 53, in a day, which is a very healthy move.



Now, let me explain what I am saying


We have trade A current price action at 53.
We have trade B current price action at 4599



We enter 0.01 lot size of a long position on trade A , with price action of 53.


We take 0.01 lot size of a long position on trade B, with price action at 4599.

Now, trade is running actively,
Now, here comes th exciting scenario.

Trade A is running 0.01 lot size, and goes up from 51 to 56. A very powerful move for that day.
But our profit was very minimal. (Ilets say 50 dol profit)

Now, trade B is running at 0.01 lot size, with price action of 4599.
If you check the margin requirements you'll see that 0.01 lot size on trade A and Trade B are not th same.

As trade B takes more margin requirements that trade A , because of the price action


When placing a trade, always know that the higher the price action, the higher margin requirements it is going to take.

And once a trade is within the ranges of thousands, then know that it can do 100 points in a day.
I did not say pips, I said points.

Alexas58:
Let us assume that the leverage we are using is 1:100. But most people use 1;1000, because of small account size to enable them take positions.


Most people tend to blow their accounts because of over leveraging.

Now, there are certain ways to get the money out of the market.

1. Knowing the margin requirements for each pair that you are trading.



This is a very important tool .

How do we know the margin requirements for each trade we are about to enter.


Margin requirements is being simplified on mt5 if you are taking the position using the graph of the chart, as you can easily see your stop loss and all that.

Now, for those who do not understand what I am talking about.

Na unlimited leverage I dey use with Exness.

HFM no wan give me more than 2,000. And I no like am

Any free prop firms giving away free accounts this exams period.

Merry Xmas

If no bi fear - by now Tony O. Elumelu supposed don ask to meet me

samfelly:
2026. N500,000,000. Doable. Forex

Very very achievable

Which broker una dey use?

samfelly:
2026. N500,000,000. Doable. Forex

Doable until them go deny person payout

I dislike prop firms, don't know why i prefer trading with my capital

Dunno if I'm weird or something

Merry Christmas to us 👍

TheStoriesOfMan:
Doable until them go deny person payout

That one sef dey

samfelly:
2026. N500,000,000. Doable. Forex

E be like say you know my mind..

We are getting rewarded

Let’s Post out dashboard as the week ends

Esteemed Members,

After thoughtful discussion, we've decided to create a special space in FTA Nairaland Thread for all of us to reflect on our trading journey in 2025 and look ahead to 2026. To make this happen, we'll be locking the Telegram group from December 27, 2025, Saturday at 12:00 AM to January 3, 2026, Saturday at 12:00 AM.

During this time, we'd love for everyone to share their trading experiences on the thread. Please include:

1. What you learned during the course of the year.
2. Areas you discovered that still need improvement.
3. Areas you improved on within the year and how it shaped your trading journey.
4. Mistakes you made that other newbies should avoid.

Also, when our host ALEXA58 opens the 2026 thread on January 1, 2026, we encourage everyone to drop their plans for the new year:

1. How you intend to trade in 2026.
2. Things you want to test or try out in 2026 to improve your trading journey, and how you plan to go about it.

We believe that self-realization, journaling, and holding each other accountable are key ways we can grow together as traders.

Some of our community members have already started reflecting on their 2025 journey, sharing lessons learned and setting goals for 2026. This kind of sharing can be really inspiring and helpful for everyone.

Thank you for being part of this community, and let's make this a productive and supportive space for all of us.

God bless you all,

FTA Admins

TheStoriesOfMan:
I dislike prop firms, don't know why i prefer trading with my capital

Dunno if I'm weird or something

You are disliking gold mines. But. Your choice thou.

TheStoriesOfMan:
I dislike prop firms, don't know why i prefer trading with my capital

Dunno if I'm weird or something

You are not weird. It is a case of personal taste, and tastes do change over the course of time.

TheStoriesOfMan:
Doable until them go deny person payout

no broker will deny you your withdrawal unless you use shaddy and wrong brokers...once one become a stable trader, the next is the choice of broker which should change as your account size grow from normal broker to premium broker to liquidity provider eventually

hegelian:
no broker will deny you your withdrawal unless you use shaddy and wrong brokers...once one become a stable trader, the next is the choice of broker which should change as your account size grow from normal broker to premium broker to liquidity provider eventually

Very correct
That is why I tell People that once you know that you can pass prop firms efficiently, you should purchase a 100k account


But before making the purchase because it costs a lot, make sure you text your hands on little prop firm account sizes like 5k, and lesser sizes to get more efficiency and exposure on how the game is being played!


The first payout from 100k account can purchase like 2 more.


Let me explain something people
Don’t understand about prop firms…


The max drawdown is your trading capital


If the maximum loss is 800, then that is 800 capital
For that account

So, for a 100k, the max drawdown is 10%, which is 10k


10k ooo

Do whatever with this information my
People

TheStoriesOfMan:
I dislike prop firms, don't know why i prefer trading with my capital

Dunno if I'm weird or something

Omo I was once like you and I said the same thing here,but now I know the important and difference of trading prop firm account,prop firm is very important for your growth bro..am getting one a prop firm next year.

leocollins:
Omo I was once like you and I said the same thing here,but now I know the important and difference of trading prop firm account,prop firm is very important for your growth bro..am getting one a prop firm next year.

Very very...

leocollins:
Omo I was once like you and I said the same thing here,but now I know the important and difference of trading prop firm account,prop firm is very important for your growth bro..am getting one a prop firm next year.

You couldn’t have said it any better bro, propfirm will teach you risk management, discipline, which are core aspects of trading, I just blew my funded next challenge, we move again

hegelian:
no broker will deny you your withdrawal unless you use shaddy and wrong brokers...once one become a stable trader, the next is the choice of broker which should change as your account size grow from normal broker to premium broker to liquidity provider eventually

Someone I know was denied a $5k payment on Exness

Took a long time but was eventually settled

leocollins:
Omo I was once like you and I said the same thing here,but now I know the important and difference of trading prop firm account,prop firm is very important for your growth bro..am getting one a prop firm next year.

Well, I stay tuned on nairaland to participate in next year prop firm challenge

Donsheddy:
Very very...

Swears

blackman007:
You couldn’t have said it any better bro, propfirm will teach you risk management, discipline, which are core aspects of trading, I just blew my funded next challenge, we move again

Blowing of account is part of the game, trading In general will teach you risk management and discipline, personally for me prop firm account give you the opportunity to target something bigger and like someone said here prop firm are goldmines.. experience is truly the Best teacher

TheStoriesOfMan:
Well, I stay tuned on nairaland to participate in next year prop firm challenge

Good..stay positive!