₦airaland Forum

grossintel:
MBA Forex people take note!

You sef sabi MBA FOREX.
Lol.


Oya talk true how much you get inside.
���

tayebest:
I have my reservation for this forex trading, sincerely. It's the shortest way to end in kirikiri and the fastest way to become a millionaire.

It has nothing to do with kiri kiri..

Amotekun777:
You're very right. It seems like he was too generous trying to please his clients at his own detriment.

Yeah.

He was extremely generous.

30% profit a month translates to 360% interest per annum. Highly unreasonable.

odimbannamdi:
Just listen to yourself. Do you make sense to you?

Yes. If it doesn't make sense to you, it is possibly because you are 1, criminal or 2, stupid. Perhaps, both criminal and stupid.

Prior investors have earned unlawful interest paid with the money of new investors. This must be returned.

That's the standard when prosecuting Ponzi cases. Bernie Madoff paid interest for twenty years before his scheme crashed. Those who had collected interest before had to return it to compensate the losers.

This guy has been paying interest with the money of new investors, so the loss is not his to bear alone. Those who have collected interest must also be disgorged of their unlawful gains.

OBku4:
This is exactly why I don't trade for no one... Or stress myself explaining to people who associate trading FX with scam.

Couldn't be bothered

Let me trade and live my life in peace.

God bless you.
I seriously believe this guy might not have scammed anyone. The market only did him a strong thing.

His trading partners might have used a bigger lot size, the market swang the opposite direction, his account got blown.

People should understand that FOREX is volatile, it can swing in any direction.

Coded: Even Dangote & Otedola trade Forex.

There is so much money to loose and so much more to gain in FOREX.

Anyone that loves himself would do FOREX on a solo level.

You single handedly enjoy the profit as well as the losses. You got no explanation to give anyone.

ONE THING I CAN TELL YOU Y’ALL IS, THERE IS SO MUCH MONEY IN FOREX.

If you are a trader:
1. Avoid greed
2. Use a small lot size
3. Have a SMART trading plan
4. Stick to your plan
5. Don’t be emotional about the market to the point of changing your trading plan to suit the market.
6. Once you hit your daily target, get out of the market. Tomorrow is another day.

.

The best way is to register a limited liability company, with that, when the business goes down, the owners won't be directly responsible since the business would have attained a separate identity from the owners.

TheMan3:
this man is not a thief. It's a business he for some reason believed so much in and got investments that went bad.

He will pull out of it.

But really these investors should have known that you don't put money you can't afford to loose into forex. It's written on all platforms.

Typical of alot of Nigerian businesses. When it's going well, you dont hear their voice. But When it collapse, they call for your head.

There should be laws that protects entrapenurs in events like this

WalkerMichael:
You mean 8.9m

No am sure he actually meant what he typed.
He meant 89M.

Go and find out about MICHENO SCHEME OF 2018.
It was paying people for 1 year.
Just the month after their 1st year anniversary, they went under with 27 Billion naira not million ooh.

People lost in hundreds of million, i even heard of someone (a politician) who lost 1B.

So bros, 89M is not a mistake or an exaggerated figure.

Small me self, the amount of money I have lost to many mouth watering online investments should be about 10M combined.

Las las we don learn lesson.

But I insist, FOREX Is not a scam. This is an international market where big players thrive.

It operates on buy and sell.
When you buy someone is selling
When you sell someone is buying.
Either of the buyer or the seller is loosing per time. That’s just the nature of the business.

This particular guy might have traded a large lot size without using stop loses, take profit tools.

Instant market execution with a big lot size, if the trade goes against you, you just burnt your fat account.

It is a normal thing in that market.

That is why good money management skill is a compulsion for any trader who wants to be successful.

Depending on your account size, people cash out from time to time from FOREX.
But greed makes people want to increase their account size by looking for more investors.

When you make profit and you pay your investors like this guy, they won’t complain but when you loose, and you don’t pay, the next thing you hear is SCAM.

studentofTruth:
I would've agreed with you if the guy was offering 5-10% per month. Even 10% per month is too much — unsustainable.
To promise investors 20-30% per month means that he's either terribly naive or had a fraudulent intent ab initio!
This is forex trading we're talking about. Even God can't consistently offer 20-30% per month!

u are absolutely correct baba, that's major problem with Nigerian traders, they will never tell investors the ugly side of trading, all they care for is that profit. 30 percent per month is damn much biko. Bcs sometimes no matter ur years of experience it will surely go against u. Thats trading for us. E.g. I traded today and all went well, but it does not mean that it will be like dat morrow

DTalented:
Nairaland Notorious Tribalists will be disappointed after checking the name of the fraudster.
See how neat the first page look because he is not Igbo. Had it been he is an Igbo man, it would have been filled with tribal comments
For NL owner to keep allowing tribal comments and posts on almost all threads, he indirectly supports Tribalism

He is their brother, you know the rest.

tayebest:
I have my reservation for this forex trading, sincerely. It's the shortest way to end in kirikiri and the fastest way to become a millionaire.

Fastest way to become a millionaire Do you know of any Nigerian who became a millionaire through forex trading? Don't take such unreasonable risk.

somehow:
The best way is to register a limited liability company, with that, when the business goes down, the owners won't be directly responsible since the business would have attained a separate identity from the owners.

even with that bro, when business goes south, and investors lay complains, the police will block all your accounts, they will arrest you treat you like a fraud star.. I can imagine what this man is going through right now.

TheMan3:
even with that bro, when business goes south, and investors lay complains, the police will block all your accounts, they will arrest you treat you like a fraud star.. I can imagine what this man is going through right now.

Except you used your personal account to receive funds or you directly used your name in the transactions, you are personally exempted.

They can invite board of directors and other vital persons involved in decision making, I don't think your personal account will get blocked instantly except in a case of fraud.

DTalented:
Nairaland Notorious Tribalists will be disappointed after checking the name of the fraudster.
See how neat the first page look because he is not Igbo. Had it been he is an Igbo man, it would have been filled with tribal comments
For NL owner to keep allowing tribal comments and posts on almost all threads, he indirectly supports Tribalism

Lame

zoezoelogistics:
God bless you.
I seriously believe this guy might not have scammed anyone. The market only did him a strong thing.

His trading partners might have used a bigger lot size, the market swang the opposite direction, his account got blown.

People should understand that FOREX is volatile, it can swing in any direction.

Coded: Even Dangote & Otedola trade Forex.

There is so much money to loose and so much more to gain in FOREX.

Anyone that loves himself would do FOREX on a solo level.

You single handedly enjoy the profit as well as the losses. You got no explanation to give anyone.

ONE THING I CAN TELL YOU Y’ALL IS, THERE IS SO MUCH MONEY IN FOREX.

If you are a trader:
1. Avoid greed
2. Use a small lot size
3. Have a SMART trading plan
4. Stick to your plan
5. Don’t be emotional about the market to the point of changing your trading plan to suit the market.
6. Once you hit your daily target, get out of the market. Tomorrow is another day.

Well said it's likely the market went the opposite directions. This is why it's pertinent to use tight stop loss and moderate to low leverage if you trading high important data releases

somehow:
Except you used your personal account to receive funds or you directly used your name in the transactions, you are personally exempted.

They can invite board of directors and other vital persons involved in decision making, I don't think your personal account will get blocked instantly except in a case of fraud.

I have been in similar situations before. And it was not easy. Al my accounts including my company account were blocked. It was purely a case of a bad business with investors we have been working for years and have constantly received returns.

Nigerian police is messed up really. Pray need to be in that position.

You must have been personally fingered in the case to have your account frozen together with company accounts.

TheMan3:
I have been in similar situations before. And it was not easy. Al my accounts including my company account were blocked. It was purely a case of a bad business with investors we have been working for years and have constantly received returns.

Nigerian police is messed up really. Pray need to be in that position.

einsteine:
Yes. If it doesn't make sense to you, it is possibly because you are 1, criminal or 2, stupid. Perhaps, both criminal and stupid.

Prior investors have earned unlawful interest paid with the money of new investors. This must be returned.

That's the standard when prosecuting Ponzi cases. Bernie Madoff paid interest for twenty years before his scheme crashed. Those who had collected interest before had to return it to compensate the losers.

This guy has been paying interest with the money of new investors, so the loss is not his to bear alone. Those who have collected interest must also be disgorged of their unlawful gains.

Money I didn't steal, you want to take from me. Thunder fire you

studentofTruth:
I would've agreed with you if the guy was offering 5-10% per month. Even 10% per month is too much — unsustainable.

To promise investors 20-30% per month means that either he's terribly naive or he had a fraudulent intent ab initio!

This is forex trading we're talking about. Even God can't consistently offer 20-30% per month!

C'mon! You didn't need to say that to get your message across

Please any update on Seye. Has the case gone to court?