heskeyw:
Bro, with 100 usd, which leverage and micro lot size is advisable?

1-50. lotsize is 0.01

heskeyw:

Bro, I can see that u r trading on a naira account, who is ur broker?

7bforex

Thanks everybody. Just opened 7b forex demo account on my mt4. With 20k naira. Lemme see how it goes for the month.

heskeyw:

Bro, with 100 usd, which leverage and micro lot size is advisable?

I recommend FBS, Icmarkets was my favorite before they 4ucked up, they have good spread but they charge small commission.
As for lot size, trade according to risk you can bear. but 0.03 for day trading/ 0.01 for long term trades. gracias

Trading on 0.02 lotsize

uche393:
I recommend FBS, Icmarkets was my favorite before they 4ucked up, they have good spread but they charge small commission.
As for lot size, trade according to risk you can bear. but 0.03 for day trading/ 0.01 for long term trades. gracias

Messed up, as in, they ran away with people's money??

EmmanuelD1st:
Nice! I need atleast 50% retracement to enter a buy

Bought USDCAD @1.4065...risked little

infofirst:


Long long time bro. You are welcome.

Thanks chief...longest of time...very good stuff you do here sir thanks

heskeyw:

Messed up, as in, they ran away with people's money??

some weeks ago they had issues with their server which led to a powerful spike on XAU/USD which blew many account, fortunately I was not trading that day.
Though they've refunded people their money. my SA niggas called then i opened Mt4 but TradingView was showing normal without spike then I told them to chill.

I've not used naira account before, pls guys what is the Naira value per pip in a 0.01lot ?

uche393:
I've not used naira account before, pls guys what is the Naira value per pip in a 0.01lot ?

It's the same as dollar , just the naira equivalent

I wonder why people are actively chasing a Naira account at a time when the currency is rapidly decaying. A $100 account will always make more sense than a N40,000 account. The multiple zeros in your naira account will look good but then..

Anyway

Shevychen2:
I wonder why people are actively chasing a Naira account at a time when the currency is rapidly decaying. A $100 account will always make more sense than a N40,000 account. The multiple zeros in your naira account will look good but then..

Anyway

I have actually been holding myself from asking exactly this same question. but i always tell myself that hopefully their reason should be worth it.

Benqozenero:


I have actually been holding myself from asking exactly this same question. but i always tell myself that hopefully their reason should be worth it.

A $10k account was worth N3.6m in December. Today, it is worth N4.2m even if you haven't placed a single trade in three months. Doesn't make sense.

Shevychen2:

A $10k account was worth N3.6m in December. Today, it is worth N4.2m even if you haven't placed a single trade in three months. Doesn't make sense.

You are very right Boss. Let's wait for their reason(s).

Shevychen2:

A $10k account was worth N3.6m in December. Today, it is worth N4.2m even if you haven't placed a single trade in three months. Doesn't make sense.

Wow....this comment is underrated.

Shevychen2:

A $10k account was worth N3.6m in December. Today, it is worth N4.2m even if you haven't placed a single trade in three months. Doesn't make sense.

Ur argument is right but Naira account will be useful for d beginners because of d equity compared to d equivalent dollar account which can b wiped off easily even with d smallest lot size.

This should b able to go down

djwalata:

Ur argument is right but Naira account will be useful for d beginners because of d equity compared to d equivalent dollar account which can b wiped off easily even with d smallest lot size.

I don't understand, how is it different from a dollar account.
Aside from the ease of deposit and withdrawal.

Shevychen2:

A $10k account was worth N3.6m in December. Today, it is worth N4.2m even if you haven't placed a single trade in three months. Doesn't make sense.

Crazy!!

Donvic4u:


I don't understand, how is it different from a dollar account.
Aside from the ease of deposit and withdrawal.

K. try this out.
use d same lot size on each of d accounts and wait for trade going against u with d same no of pips.
Example.... 1000pips against u using 0.01 on a 100dollar account is blown.
Whereas, 1000pips against u using 0.01 on a 40,000naira(100dollars equivalent) will still b breathing.
Do u understand now?
this is y I said naira account is better for amateurs

djwalata:

K. try this out.
use d same lot size on each of d accounts and wait for trade going against u with d same no of pips.
Example.... 1000pips against u using 0.01 on a 100dollar account is blown.
Whereas, 1000pips against u using 0.01 on a 40,000naira(100dollars equivalent) will still b breathing.
Do u understand now?
this is y I said naira account is better for amateurs

Lol I believe you've not tried it that why you think d naira account won't blow..
They will both receive margin call at the same time

Donvic4u:


Lol I believe you've not tried it that why you think d naira account won't blow..
They will both receive margin call at the same time

Well, I've not tried a naira account b4 but I still bliv in my stance UNLESS I will b convinced by d testaments of pple who ve tried what I put out here on both account.

Hello Folks. i have being banned from posting anything here for some days now, may be they do not want me to post any advert here but i do not know if i can continue to share with you some of the tools i use in trading Forex for free, i am giving some of the systems out to help a lot of trader as i can. some years ago i was a member of a particular Forex website called Trader-secret-library or AREA-51, it was a secret Forex website that was not ranked in google. the owner of the forex secret trader group was actually using the site to organize trade contest every month, so some of the best traders all over the world normally gather to compete every month on the demo or live contest. the long story cut short; there is this Nigerian call Samuel who turned 100,000 Dollar account to about 3million Dollar account in one month using Moving Averages. i have used Samuel's system over the years and they are still highly profitable. i have decided i would be giving out systems every weekend for free and for anyone who is familiar with Traders-Secret-Library knows that very month as a member the list you pay to have access is 47 dollar, that is what i had to pay for about a year plus. For ypur notice the above mentioned site is no more existing. Tomorrow i will give out Samuel system just for beginners.

Tonight here is an eBook "Practical Trend Trading System" not for beginners but for experience traders. click the link and enjoy: https://gofile.io/?c=ZAOVW8

Trade well

Best week of my trading career.
All ten daily trades taken within the week booked profits. Banked +341 pips in total. It can only get better when you have rigid rules and flexible expectations.

djwalata:

K. try this out.
use d same lot size on each of d accounts and wait for trade going against u with d same no of pips.
Example.... 1000pips against u using 0.01 on a 100dollar account is blown.
Whereas, 1000pips against u using 0.01 on a 40,000naira(100dollars equivalent) will still b breathing.
Do u understand now?
this is y I said naira account is better for amateurs

I have been trying it on demo, by my calculation , it's the same thing ooo.

Donvic4u:


Lol I believe you've not tried it that why you think d naira account won't blow..
They will both receive margin call at the same time

It's the same thing, you are right.

peteregwu:


I have been trying it on demo, by my calculation , it's the same thing ooo.

I'm not in a position to still argue since I've not tried to prove it.
QUESTION... Why is it then a naira account created when they all give d same value(advantages/disadvantages) with no difference at all?

peteregwu:


I have been trying it on demo, by my calculation , it's the same thing ooo.

Bro, do u use a naira account?

heskeyw:

Bro, do u use a naira account?

Not for live account but demo with fxtm broker. I just opened it to see how it works.

djwalata:

I'm not in a position to still argue since I've not tried to prove it.
QUESTION... Why is it then a naira account created when they all give d same value(advantages/disadvantages) with no difference at all?

Anyway, I think some just like it that way. And it could be because some banks doesn't offer automatic exchange for a naira debit card to a dollar. Just like when I first started forex and I wanted to use my diamond to fund my dollar account, it was frustration until I discover my card doesn't work that way. I have to open a uba account.

harizonal123:
Best week of my trading career.
All ten daily trades taken within the week booked profits. Banked +341 pips in total. It can only get better when you have rigid rules and flexible expectations.

Nice, well done.
You have a myfxbook link?