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Forex Trade Alerts: Season 20 - Business (33) - Nairaland

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Re: Forex Trade Alerts: Season 20 by saxy4c(m): 5:37pm On Jan 17, 2020
EURJPY is up 60pips 2R so far. Still holding.
saxy4c:
EURJPY Selling 122.700 SL : 123.000 TP : 118.200
Re: Forex Trade Alerts: Season 20 by Blackeuropean: 5:44pm On Jan 17, 2020
saxy4c:
Most EU trading desks should have closed by now. Anyways I assure you'd have experienced 100s of trade cycles before you get this.
I dont get what you mean here. But i do more than 50 trades daily, sometimes over 200 trades and scalping majority.
Re: Forex Trade Alerts: Season 20 by saxy4c(m): 5:51pm On Jan 17, 2020
My first sentence was in reference to your break from your prop desk. The second line was a regards your wait for the 25k claim.
P.S.
"You are not a real trader if you can take that many trades in a day" besides "there is no way you can take multiple trades on a particular catching all it's swings except it's not a real account" take it to the bank " You're a demo trader" grin
Blackeuropean:

I dont get what you mean here. But i do more than 50 trades daily, sometimes over 200 trades and scalping majority.
Re: Forex Trade Alerts: Season 20 by Blackeuropean: 5:56pm On Jan 17, 2020
saxy4c:
My first sentence was in reference to your break from your prop desk. The second line was a regards your wait for the 25k claim.
P.S.
"You are not a real trader if you can take that many trades in a day" besides "there is no way you can take multiple trades on a particular catching all it's swings except it's not a real account" take it to the bank " You're a demo trader" grin

You just still in beginners staged then, I use Bloomberg Terminal and TWS, and you? Don't tell me You still uses Mt4 terminal. With Bloomberg Terminal integrated with personalized softwares, you can place multiple trades on different securities.

And unless you subscribed to Bloomberg Terminal, please do not make some blind arguments instead seek for or ask questions that will be of your benefits.

3 Likes

Re: Forex Trade Alerts: Season 20 by saxy4c(m): 6:23pm On Jan 17, 2020
Big bros, an ordinary waterside boy like me dole out over $2K monthly because I want to chat directly with stock brokers? Haba, what happened to free Koyfin by wallstreet that does exact same thing and then subscribe with small change for many of the pro feeds out there?
Don't worry I'm an advanced beginner as compared to when the real beginners come for you, was only reiterating their association's remarks when I got on here a couple of months ago though. Notice I wrote those in parenthesis? No be me talk them oh.
Hope you can share from the numerous exposure you've accumulated in your decade of prop trading, welcome on board buddy.

Blackeuropean:
You just still in beginners staged then, I use Bloomberg Terminal and TWS, and you?
Re: Forex Trade Alerts: Season 20 by Blackeuropean: 6:41pm On Jan 17, 2020
saxy4c:
Big bros, an ordinary waterside boy like me dole out over $2K monthly because I want to chat directly with stock brokers? Haba, what happened to free Koyfin by wallstreet that does exact same thing and then subscribe with small change for many of the pro feeds out there?
Don't worry I'm an advanced beginner as compared to when the real beginners come for you, was only reiterating their association's remarks when I got on here a couple of months ago though. Notice I wrote those in parenthesis? No be me talk them oh.
Hope you can share from the numerous exposure you've accumulated in your decade of prop trading, welcome on board buddy.


Ok, The reason I'm here anyway I like seeing traders doing good, but I hate to see anyone mislead people as this is not a get rich scheme.

I passed through a lot decade ago before I got to wgerebim today, the higher your funds, the lower the leverage banks are willing to give to you.

My portfolio funds with my junior traders will are given 1:30 leverage after several emotions and meetings.

And the next contract we are going in, it will reduce further because the contract and funds is bigger.

I never knew in my life that it will get to a point that if you have $1m or more to invest under our portfolio, Due Diligence will be followed and if the money you are investing is not clean, it got rejected.

I'm more active ON ELITE TRADERS ( https://www.elitetrader.com) but will not disclose my ID, as I post under sponsorship ID.

The site is full of traders with capitals of 1m to billions in deposited under Security Tradings, ETFs Options, Tesla 2020, etc

That site is my number one and it's business in real time.

Good day.

5 Likes

Re: Forex Trade Alerts: Season 20 by infofirst(m): 7:27pm On Jan 17, 2020
bojbest:


I’ve moved sharing my calls to a bigger platform seeking opportunities. (Trading view). Also
I’m having a poor trading month so far and it seems my strategy is failing.

I’m afraid because I’m managing infofirst money and I don’t want to blow the opportunity he gave me. We made profits last month, but this month...the market not been rewarding.

Honestly forex trading is a hard business and needs full focus to make profits.

This month I’m down more than 8%. So many thoughts on my head but as a trader, I’ve to keep taking my shots. Consistency over Profits.

I believe one day, I’ll also make millions like my leaders here.

Till then, I’m still a student and will alway do everything to improve my skills.


Here is a link to my trading view account...do follow me.
https://www.tradingview.com/u/Emmanuel-Abolaji/

I almost replied to @meshpips mentioned of @bojbest before this reply. Good you responded first.
Whether you post here or not does not translate to good or poor performance. It's all personal. If it affects, adjust if not continue. I do not subscribe to @meshpips idea that by @bojbest posting his calls here, it will affect his performance and dealings with me.
@bojbest, I am aware of your capabilities to an extent before I offered you the deal. And so far so good. I can tell that you have traded responsibly. I mean for you to even survive 48hrs tells a whole lot. And I saw those trades that ended in sl. Most of them were in decent profit before they turn. Maybe you just need to work on moving sl to BE. Market sometimes require dynamic approach.
Nothing do you @bojbest. There is always room for improvement.
Relax and let no stress distabilize you. It can always get better.

9 Likes

Re: Forex Trade Alerts: Season 20 by meshpips(m): 7:34pm On Jan 17, 2020
Blackeuropean:


Ok I'm on Trading break now, many years ago was when and what platform? And link to the firm you said, where is it to verify the $25000 claim.

2014/15 there about.

Platform: Dukascopy (the contest used to be on their jf.rex platform) if I remember. Some.of the winnings were from binary options contest while some others came from the signal provision contest.

The prop firm I spoke about is

blufx.com.ng

1 Like

Re: Forex Trade Alerts: Season 20 by meshpips(m): 7:39pm On Jan 17, 2020
meshpips:


2014/15 there about.

Platform: Dukascopy (the contest used to be on their jf.rex platform) if I remember. Some.of the winnings were from binary options contest while some others came from the signal provision contest.

The prop firm I spoke about is

blufx.com.ng

Re: Forex Trade Alerts: Season 20 by saxy4c(m): 7:45pm On Jan 17, 2020
GBPJPY hit sl. NZDJPY up about 45pips.
saxy4c:
Selling GBPJPY at 143.70 SL 144 TP 143.20
Selling NZDJPY 73.20 SL 74.00 TP 71.00
Re: Forex Trade Alerts: Season 20 by Blackeuropean: 7:50pm On Jan 17, 2020
meshpips:


2014/15 there about.

Platform: Dukascopy (the contest used to be on their jf.rex platform) if I remember. Some.of the winnings were from binary options contest while some others came from the signal provision contest.

The prop firm I spoke about is

blufx.com.ng


Ok, I can't verify this claims as it's Nigeria based, I thought it's European or U.S. based that could be verified right from my Terminal with few clicks.
Re: Forex Trade Alerts: Season 20 by Capitals: 9:23pm On Jan 17, 2020
currentprice:

hold your BUY tight
grin grin grin grin grin
Bros na so o, 1 loss recorded sha but I m game till we take out the low as you indicated.

In the meantime, all pending orders off, will set them again next week.
I nor wan hear say na so market gap down over the weekend and clear all my pending orders.

1 Like

Re: Forex Trade Alerts: Season 20 by Capitals: 9:41pm On Jan 17, 2020
infofirst:

And if up, big win. All the best bro. Am with you.

Thanks Bro, Good luck to us
Re: Forex Trade Alerts: Season 20 by femora007(m): 10:13pm On Jan 17, 2020
infofirst:


I almost replied to @meshpips mentioned of @bojbest before this reply. Good you responded first.
Whether you post here or not does not translate to good or poor performance. It's all personal. If it affects, adjust if not continue. I do not subscribe to @meshpips idea that by @bojbest posting his calls here, it will affect his performance and dealings with me.
@bojbest, I am aware of your capabilities to an extent before I offered you the deal. And so far so good. I can tell that you have traded responsibly. I mean for you to even survive 48hrs tells a whole lot. And I saw those trades that ended in sl. Most of them were in decent profit before they turn. Maybe you just need to work on moving sl to BE. Market sometimes require dynamic approach.
Nothing do you @bojbest. There is always room for improvement.
Relax and let no stress distabilize you. It can always get better.
well said
Re: Forex Trade Alerts: Season 20 by femora007(m): 10:35pm On Jan 17, 2020
Selling gbp***
Re: Forex Trade Alerts: Season 20 by meshpips(m): 5:34am On Jan 18, 2020
Blackeuropean:


You are kidding about getting his account to N50,000 ( less than $200) and you will direct him to prop firm that will offer him $25,000 right?

I have to chip in here, unless he has a sound track records of like some years, 3 years will do, no Firm will look his way, and when I say firm I mean private with private funds, if its to be public firms, then 5 years with license, Please don't mislead people here aspiring to be a trader, and Retail FX is not a get reach quick scheme, Take this from a Pro.Trader.

@blackeuropean,

I hope by now it is clear to you that everything I said isn't in any way misleading?

Kindly do well to make an addendum to what you wrote above. Just for the sake of posterity.

Thanks!
Re: Forex Trade Alerts: Season 20 by meshpips(m): 5:38am On Jan 18, 2020
ejosh4:

And u still beg for scraps.... This man u funny gann cheesy cheesy cheesy...

Just in case you missed the screen shot. I posted yesterday. Here it is again.

By the way, the little girl in the picture is my daughter when she was just a few months old.

1 Like

Re: Forex Trade Alerts: Season 20 by meshpips(m): 5:56am On Jan 18, 2020
Blackeuropean:


Ok, I can't verify this claims as it's Nigeria based, I thought it's European or U.S. based that could be verified right from my Terminal with few clicks.

The UK office requires that you pay £99 to get a $25,000 trading account.

The company is duly registered there in the UK.

You can go and confirm and come back to tell us your finding(s).

Thank you!
Re: Forex Trade Alerts: Season 20 by meshpips(m): 6:04am On Jan 18, 2020
@optimisticgondy,

while you are busy taking screenshots of our chats on whatsapp, please do well not to be selective.

When you closed out the trades without conferring with me, I asked you a simple question "how then do you want to get your money back"?

Your response was "don't worry, I take that as a lesson"

That's exactly why I was utterly surprised when you came on here to write what you did last year.

If I already sent you 50,000 Naira, this is proof positive that if you had decided that I payback the money (a fraction of it), I certainly would have accepted.

But you said that you will take it as a lesson, only to come here and write what you did.

That's sly abi?

Kindly include this screen shot to the ones you are compiling.

Thanks!

Note: Talking about "miracles" I could perform on a trading account, I showed you screen shots of that other account I was trading along side yours after the wake of the US - China trade war, the equity left was just about $200 - $300 right?

At the end of the 30 - day trading period, where was the balance and equity? Over $6,800

Now when you saw that happen with your own eyes in the just concluded month and still ask me which "miracle" I wanna perform, I wonder if I can help your unbelief!

Put back the money you closed out on that account and allow me contunue with the trading of the account.

And by the way, the offer I gave you to return 50% of what I lost on your account is no longer available!

Put the amount you closed back into the account and provide me with the login details.

You closed out the trades without conferring with me and as such you should be responsible for the loss that could have been remedied.

Re: Forex Trade Alerts: Season 20 by ejosh4(m): 7:51am On Jan 18, 2020
meshpips:
@optimisticgondy,

while you are busy taking screenshots of our chats on whatsapp, please do well not to be selective.

When you closed out the trades without conferring with me, I asked you a simple question "how then do you want to get your money back"?

Your response was "don't worry, I take that as a lesson"

That's exactly why I was utterly surprised when you came on here to write what you did last year.

If I already sent you 50,000 Naira, this is proof positive that if you had decided that I payback the money (a fraction of it), I certainly would have accepted.

But you said that you will take it as a lesson, only to come here and write what you did.

That's sly abi?

Kindly include this screen shot to the ones you are compiling.

Thanks!

Note: Talking about "miracles" I could perform on a trading account, I showed you screen shots of that other account I was trading along side yours after the wake of the US - China trade war, the equity left was just about $200 - $300 right?

At the end of the 30 - day trading period, where was the balance and equity? Over $6,800

Now when you saw that happen with your own eyes in the just concluded month and still ask me which "miracle" I wanna perform, I wonder if I can help your unbelief!

Put back the money you closed out on that account and allow me contunue with the trading of the account.

And by the way, the offer I gave you to return 50% of what I lost on your account is no longer available!

Put the amount you closed back into the account and provide me with the login details.

You closed out the trades without conferring with me and as such you should be responsible for the loss that could have been remedied.
grin grin grin no b you again ..... U no dey fall hand at all... Ride on... One day u go meet person wey pass you

3 Likes

Re: Forex Trade Alerts: Season 20 by Blackeuropean: 9:36am On Jan 18, 2020
meshpips:


The UK office requires that you pay £99 to get a $25,000 trading account.

The company is duly registered there in the UK.

You can go and confirm and come back to tell us your finding(s).

Thank you!

Listen as in below:

Let's look at the 50k starters. If all trade conservatively (not likely), it make take 4 months for the losers to drop out and 4 months for the winners to make enough to get a payment. That's 10 traders x 4 months x 199/month. They've taken in almost 8000 GBP. Unless those 2 successful traders made more than 16 k between them, this whole thing could be running on demo accounts and they'll still be in profit.

They also have a proprietary trading platform - that means their clients have no simple way to tell if the prices are real or not (and if the accounts are live or demo). It would be very simple to shave a little off the profitable traders to slow them down in reaching the payout level and to reduce the losses of the bad traders to keep them motivated to remain enrolled longer. In this scenario, all they want is to keep people paying that monthly fee as long as possible.
I'll wager that these are all really demo accounts and the few "profits" ever paid all come out of trading fees. If any AMAZING traders are ever located, there might be some small possibility of live accounts being provided.

If the company would care to come in, show where the money comes from, show what broker their platform connects to, and have the broker verify that all accounts are live, then I may reconsider my opinion. For now, this looks like a very fast way to waste 199 pounds per

1 Like

Re: Forex Trade Alerts: Season 20 by Blackeuropean: 9:44am On Jan 18, 2020
And my Verdicts about BluFx:

:
Trick ; BluFx preys on greed of aspiring traders and offer them acvount of 25000 for a monthly fee.
The leveraged of the accounts is ridiculously 1:1 to 1:2, even me will not even dare to touch that talk less of sweating on it, because there is no way you can meet the condition target of 5% before they allow you withdraw the so called 50%
They offer a prop. platform and no way you can verify if you are actually trading real or demo account

As far as I'm concern, you are being made to trade a demo account, because no one will offer you account with real money of $25,000 for a fee of 50,00 naira to Nigerian clients, and 199 pounds for UK based clients, when you can easily lose the Real money and they become actually the loser here, so you are trading a demo, which they can easily manipulate to make sure no matter the way you sweat it, you do not meet the monthly target to qualify for the withdrawal, and one of the perfect legal ticklish way they did that is to offer you with a very ridiculous leverage, this is done to keep you as long as possible to keep paying the monthly subscription.

They are only interested on your monthly subscriptions, and will do whatever it takes to keep you paying for that monthly, while you keep hoping to meet the target, its just a simple trick and I commend them for their smartness.

NO PROFFESDIONAL TRADER WILL FALL FOR THIS TRICK, AND IT'S EASIER TO MAKE 10,000 NAIRA MONTHLY FROM YOUR 50,000 NAIRA FROM TRADING WITH IT IN REGULAR BROKER THAN BLUEFX.
GOOD DAY.

7 Likes

Re: Forex Trade Alerts: Season 20 by Donvic4u(m): 9:52am On Jan 18, 2020
Blackeuropean:
And my Verdicts about BluFx:

:
Trick ; BluFx preys on greed of aspiring traders and offer them acvount of 25000 for a monthly fee.
The leveraged of the accounts is ridiculously 1:1 to 1:2, even me will not even dare to touch that talk less of sweating on it, because there is no way you can meet the condition target of 5% before they allow you withdraw the so called 50%
They offer a prop. platform and no way you can verify if you are actually trading real or demo account

As far as I'm concern, you are being made to trade a demo account, because no one will offer you account with real money of $25,000 for a fee of 50,00 naira to Nigerian clients, and 199 pounds for UK based clients, when you can easily lose the Real money and they become actually the loser here, so you are trading a demo, which they can easily manipulate to make sure no matter the way you sweat it, you do not meet the monthly target to qualify for the withdrawal, and one of the perfect legal ticklish way they did that is to offer you with a very ridiculous leverage, this is done to keep you as long as possible to keep paying the monthly subscription.

They are only interested on your monthly subscriptions, and will do whatever it takes to keep you paying for that monthly, while you keep hoping to meet the target, its just a simple trick and I commend them for their smartness.

NO PROFFESDIONAL TRADER WILL FALL FOR THIS TRICK, AND IT'S EASIER TO MAKE 10,000 NAIRA MONTHLY FROM YOU 50,000 NAIRA FROM TRADING WITH IT IN REGULAR BROKER THAN BLUEFX.
GOOD DAY.

You smart boss....
Re: Forex Trade Alerts: Season 20 by Nobody: 10:20am On Jan 18, 2020
@meshpips, where is your fx book link

5 Likes

Re: Forex Trade Alerts: Season 20 by meshpips(m): 11:40am On Jan 18, 2020
wiconse:
@meshpips, where is your fx book link

I forget am for house.
Re: Forex Trade Alerts: Season 20 by meshpips(m): 11:40am On Jan 18, 2020
wiconse:
@meshpips, where is your fx book link

I forget am for house.

Shebi I tried to press for all traders to put a link to their myfxbook in their signature but una say no.

You guys are not ready to sanitize this industry yet. I had even thought the older/more experienced traders will be in support but how wrong I was.

Make una stay here dey deceive unaselves. Calling yourselves professional traders.

1 Like

Re: Forex Trade Alerts: Season 20 by meshpips(m): 11:48am On Jan 18, 2020
Blackeuropean:


Listen as in below:

Let's look at the 50k starters. If all trade conservatively (not likely), it make take 4 months for the losers to drop out and 4 months for the winners to make enough to get a payment. That's 10 traders x 4 months x 199/month. They've taken in almost 8000 GBP. Unless those 2 successful traders made more than 16 k between them, this whole thing could be running on demo accounts and they'll still be in profit.

They also have a proprietary trading platform - that means their clients have no simple way to tell if the prices are real or not (and if the accounts are live or demo). It would be very simple to shave a little off the profitable traders to slow them down in reaching the payout level and to reduce the losses of the bad traders to keep them motivated to remain enrolled longer. In this scenario, all they want is to keep people paying that monthly fee as long as possible.
I'll wager that these are all really demo accounts and the few "profits" ever paid all come out of trading fees. If any AMAZING traders are ever located, there might be some small possibility of live accounts being provided.

If the company would care to come in, show where the money comes from, show what broker their platform connects to, and have the broker verify that all accounts are live, then I may reconsider my opinion. For now, this looks like a very fast way to waste 199 pounds per

Interesting perspective!

A few things for us to know:

Most times, the trades can be taken on a DEMO account and then the risk will be adjusted afterward the trade is then mirrored on the LIVE accounts. This is just a way to ensure "control"

What do you say about this?
Re: Forex Trade Alerts: Season 20 by Shevychen2: 11:49am On Jan 18, 2020
Any supposed funding platform where you have to pay to get in or even worse, pay a monthly fee is nonsense that any sensible trader should avoid. Not even talking about all the technical aspect.. Just the fact that they are charging fees to give supposed opportunities is enough to know they are just feasting on the fact that many people will never recover the fees based on the stringent rules.

Some of the rules from these companies are usually so useless and will in many cases require changing your trading style (recipe for disaster).

If you trust your skills, go on the numerous platforms that don't have such barriers and make a name for yourself. You don't need any fanciful qualifications and nobody needs to know your real name. Just make profits while taking responsible risks.

4 Likes

Re: Forex Trade Alerts: Season 20 by meshpips(m): 11:56am On Jan 18, 2020
Blackeuropean:
And my Verdicts about BluFx:

:
Trick ; BluFx preys on greed of aspiring traders and offer them acvount of 25000 for a monthly fee.
The leveraged of the accounts is ridiculously 1:1 to 1:2, even me will not even dare to touch that talk less of [/b]sweating on it, because there is no way you can meet the condition target of 5% before they allow you withdraw the so called 50%
They offer a prop. platform and no way you can verify if you are actually trading real or demo account

As far as I'm concern, you are being made to trade a demo account, because no one will offer you account with real money of $25,000 for a fee of 50,00 naira to Nigerian clients, and 199 pounds for UK based clients, [b]when you can easily lose the Real money
and they become actually the loser here, so you are trading a demo, which they can easily manipulate to make sure no matter the way you sweat it, you do not meet the monthly target to qualify for the withdrawal, and one of the perfect legal ticklish way they did that is to offer you with a very ridiculous leverage, this is done to keep you as long as possible to keep paying the monthly subscription.

They are only interested on your monthly subscriptions, and will do whatever it takes to keep you paying for that monthly, while you keep hoping to meet the target, its just a simple trick and I commend them for their smartness.

NO PROFFESDIONAL TRADER WILL FALL FOR THIS TRICK, AND IT'S EASIER TO MAKE 10,000 NAIRA MONTHLY FROM YOU 50,000 NAIRA FROM TRADING WITH IT IN REGULAR BROKER THAN BLUEFX.
GOOD DAY.

Correction: for blufx the leverage is 3:1

For the second part that I put in bold, you have 5% risk intra - day and are not permitted to lose more than 10% within the month.

I think you should be a little bit less hasty with the assumptions you are making. Take out time to find out how this stuff works and then you can come back and place a balanced judgement on what your findings are.
Re: Forex Trade Alerts: Season 20 by meshpips(m): 11:58am On Jan 18, 2020
Shevychen2:
Excellent analysis by BlackEuropean. I was discussing this with someone recently. Any supposed funding platform where you have to pay to get in or even worse, pay a monthly fee is nonsense that any sensible trader should avoid. Not even talking about all the technical aspect.. Just the fact that they are charging fees to give supposed opportunities is enough to know they are just feasting on the fact that many people will never recover the fees based on the stringent rules.

Some of the rules from these companies are usually so useless and will in many cases require changing your trading style (recipe for disaster).

If you trust your skills, go on the numerous platforms that don't have such barriers and make a name for yourself. You don't need any fanciful qualifications and nobody needs to know your real name. Just make profits while taking responsible risks.




What about the ones that only collect a SECURITY DEPOSIT and then refund you the full amount paid IF you pass the evaluation?
Re: Forex Trade Alerts: Season 20 by meshpips(m): 12:00pm On Jan 18, 2020
@schevygen,

darwinex whom you promote very strongly CHARGES me when I deposit.

Pepperstone doesn't charge me on deposits.

Is your darwinex hungry for the little amount they charge me for deposit?
Re: Forex Trade Alerts: Season 20 by Shevychen2: 12:05pm On Jan 18, 2020
meshpips:


What about the ones that only collect a SECURITY DEPOSIT and then refund you the full amount paid IF you pass the evaluation?
Same thing. They are counting on the fact that many will not pass the evaluation.. It is well established that 7/10 people will fail in normal trading conditions.. Throw in some of the ridiculous rules and closer to 9/10 people will fail. So they get to pocket all or some of the deposits abi?

Enforcing a 10% monthly loss rule isn't really that bad as anyone trading with a 5-10% VAR should be able to stay below that..

However I saw one that says traders cannot have trades open over the weekend, and they must take xxxx trades weekly.. Clearly encouraging scalping. A longer term trader will be tempted to try scalping and fail.. Then they have lost the monthly fee.. Etc. Just dubious, but dem no force anybody sha.

3 Likes

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