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Are all this Nigerian Traders Really Making Money From Forex ??? - Education - Nairaland

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Are all this Nigerian Traders Really Making Money From Forex ??? by OGWILLS123: 2:40pm On Sep 06, 2020
The rate of people talking about forex now really got me thinking if it is that
lucrative .
meanwhile base on analysis it says that a good forex trader makes only ten percent of his or her capital in a year.
but tune down to Nigeria you will see someone in Nairaland promising you 30 percent of your capital in a month undecided

Is there any one making money from forex

5 Likes 1 Share

Re: Are all this Nigerian Traders Really Making Money From Forex ??? by Bobcygan: 2:43pm On Sep 06, 2020
Lolz so u av been sitting thinking is actually the main forex that came out first. Well nowadays it is still pyramid scheme, believe them at your own peril.

28 Likes

Re: Are all this Nigerian Traders Really Making Money From Forex ??? by OGWILLS123: 2:46pm On Sep 06, 2020
Bobcygan:
Lolz so u av been sitting thinking is actually the main forex that came out first. Well nowadays it is still pyramid scheme, believe them at your own peril.
The think just tire me sef
how can I be making only ten percent of my capital in year angry
Re: Are all this Nigerian Traders Really Making Money From Forex ??? by OGWILLS123: 2:49pm On Sep 06, 2020
Let hear from are forex guru's in the house grin
Re: Are all this Nigerian Traders Really Making Money From Forex ??? by SoftBillionaire: 3:20pm On Sep 06, 2020
Calm down and learn the skill. Can teach you how it works. It works for professional traders, not newbies.

2 Likes

Re: Are all this Nigerian Traders Really Making Money From Forex ??? by Nobody: 3:34pm On Sep 06, 2020
OGWILLS123:

The think just tire me sef how can I be making only ten percent of my capital in year angry
The issue is that most Nigerians are still uniformed about what Forex really is. And with the popularity of sport betting among Nigerian youths which every riffraff on the street does, most people are mistaking Forex for Bet9ja.
Forex is trading while Bet9ja is betting. They're quite different.
Forex is gradually becoming the most popular business and profession worldwide, even those who have primary profession now use it as a second hustle.
Forex isn't 10% of your capital in a year, it all depends on how smart and sound you're in the market. You can make 1000% in a month, but just like every other profession and business in life, it's risky as fck. So if your balls aren't firmly tightened, you'd better stayed the fck away from it.
Check out some of these guys, Sandile Shezi, Chris Williams (Swaggy C), Shaun Lee etc. Those are professional traders.

Notatribalist:
You don't have to be smart to make money in forex.. You only need to be discipline.. Have a trading rule and be discipline enough to stick to it..I am a successful forex trader, and I am talking from experience.
Well, discipline is a part of smartness.
When you're smart, you apply the best winning attitude to a situation.

19 Likes 2 Shares

Re: Are all this Nigerian Traders Really Making Money From Forex ??? by Notatribalist(m): 4:08pm On Sep 06, 2020
OGWILLS123:
The rate of people talking about forex now really got me thinking if it is that
lucrative .
meanwhile base on analysis it says that a good forex trader makes only ten percent of his or her capital in a year.
but tune down to Nigeria you will see someone in Nairaland promising you 30 percent of your capital in a month undecided

Is there any one making money from forex
Yes,you can make between %20 to %35 in a month..It's very possible... But most forex traders you see in Nigeria are really not traders,they are making their money from training.. But generally forex is wonderful business.. I am a trader and I have friends both i n Europe and Asia that are making it big in forex trading business.. It's good business for some people and bad for some people..

12 Likes 1 Share

Re: Are all this Nigerian Traders Really Making Money From Forex ??? by Notatribalist(m): 4:11pm On Sep 06, 2020
OGWILLS123:
Let hear from are forex guru's in the house grin
I am a professional forex trader,but I can tell you there is nothing like guru in forex.. Only the discipline traders makes a living out of forex..

15 Likes

Re: Are all this Nigerian Traders Really Making Money From Forex ??? by Notatribalist(m): 4:13pm On Sep 06, 2020
light099:


The issue is that most Nigerians are still uniformed about what Forex really is. And with the popularity of sport betting among Nigerian youths which every riffraff on the street does, most people are mistaking Forex for Bet9ja.
Forex is trading while Bet9ja is betting. They're quite different.
Forex is gradually becoming the most popular business and profession worldwide, even those who have primary profession now use it as a second hustle.
Forex isn't 10% of your capital in a year, it all depends on how smart and sound you're in the market. You can make 1000% in a month, but just like every other profession and business in life, it's risky as fck. So if your balls aren't firmly tightened, you'd better stayed the fck away from it.
Check out some of these guys, Sandile Shezi, Chris Williams (Swaggy C), Shaun Lee etc. Those are professional traders.
You don't have to be smart to make money in forex.. You only need to be discipline.. Have a trading rule and be discipline enough to stick to it..I am a successful forex trader, and I am talking from experience.

4 Likes 2 Shares

Re: Are all this Nigerian Traders Really Making Money From Forex ??? by Nobody: 4:20pm On Sep 06, 2020
I'm learning. Who will teach me how to make good money through for ex?
Re: Are all this Nigerian Traders Really Making Money From Forex ??? by Notatribalist(m): 4:56pm On Sep 06, 2020
SoftBillionaire:
Calm down and learn the skill. Can teach you how it works. It works for professional traders, not newbies.
Your signature is complete false,I guess you are one of the reason people are giving bad name to forex..How dey hell do you make 300% weekly? Do you have any trade history to back up ur claims?

4 Likes 1 Share

Re: Are all this Nigerian Traders Really Making Money From Forex ??? by Stephenmoka4(m): 4:57pm On Sep 06, 2020
Nemeka:
I'm learning.
Who will teach me how to make good money through for ex?
Be careful some will see you as an opportunity to make money for themselves, I have a friend who is into forex and it is complicated, so I back down a bit.
I hear terms like candle sticks, pips, signals etc

3 Likes

Re: Are all this Nigerian Traders Really Making Money From Forex ??? by Rilley(m): 5:14pm On Sep 06, 2020
Stephenmoka4:
Be careful some will see you as an opportunity to make money for themselves, I have a friend who is into forex and it is complicated, so I back down a bit.
I hear terms like candle sticks, pips, signals etc
Lol Forex ain't for everyone, it's not for people who wants to make money over night, and you can't jump on it without knowing the basics, the reason why people call Forex scam is because they are what I mentioned above.

and also don't trade with emotions, you are going to blow your account, and don't use big lot size, money management is still the best option.


I make around $2k/3k profits in a month, even though Forex isn't my only source of income, I don't trade full time.
so you have to understand the basics of Forex before you trade on a live account, and before you trade on a live account make sure you trade with a demo account for months, when you are now sure that you are good then you can use a live account.

18 Likes 1 Share

Re: Are all this Nigerian Traders Really Making Money From Forex ??? by qwertyboss(m): 5:21pm On Sep 06, 2020
OGWILLS123:
The rate of people talking about forex now really got me thinking if it is that
lucrative .
meanwhile base on analysis it says that a good forex trader makes only ten percent of his or her capital in a year.
but tune down to Nigeria you will see someone in Nairaland promising you 30 percent of your capital in a month undecided

Is there any one making money from forex
10% in a year for a forex investor is good since their balance is over a hundred thousands of dollars but for a retail trader it's a disaster!
Imagine investigating $1000 and making $100 in 12months Won't you run away
The percentage thing is just trade planning and risk management but you have even a 10% daily potential if you know what you are doing otherwise it a death trap!!! grin

1 Like

Re: Are all this Nigerian Traders Really Making Money From Forex ??? by Donvic4u(m): 5:49pm On Sep 06, 2020
OGWILLS123:

The think just tire me sef
how can I be making only ten percent of my capital in year angry

How many percent does fix deposit pay u in a year?

1 Like

Re: Are all this Nigerian Traders Really Making Money From Forex ??? by Stephenmoka4(m): 5:53pm On Sep 06, 2020
Rilley:


Lol forex ain't for everyone, it's not for people who wants to make money over night, and you can't jump on it without knowing the basics, the reason why people call Forex scam is because they are what I mentioned above.
I've heard all these a thousand times, forgot to add it

Rilley:

and also don't trade with emotions, you are going to blow your account, and don't use big lot size, money management is still the best option.
Anything online money (like this), don't use emotions and don't get carried away.
Rilley:

I make around $2k/3k profits in a month, even though Forex isn't my only source of income, I don't trade full time.
so you have to understand the basics of Forex before you trade on a live account, and before you trade on a live account make sure you trade with a demo account for months, when you are now sure that you are good then you can use a live account.
grin
Re: Are all this Nigerian Traders Really Making Money From Forex ??? by OGWILLS123: 6:07pm On Sep 06, 2020
So how much will be my profit per month if I start with 100K naira
Re: Are all this Nigerian Traders Really Making Money From Forex ??? by 9gerian: 6:14pm On Sep 06, 2020
So why are the professionals exerting so much energy (even adverts) trying to recruit newbies under various schemes?


SoftBillionaire:
Calm down and learn the skill. Can teach you how it works. It works for professional traders, not newbies.

3 Likes

Re: Are all this Nigerian Traders Really Making Money From Forex ??? by OkoyeA1(m): 6:18pm On Sep 06, 2020
Rilley:
Lol Forex ain't for everyone, it's not for people who wants to make money over night, and you can't jump on it without knowing the basics, the reason why people call Forex scam is because they are what I mentioned above.

and also don't trade with emotions, you are going to blow your account, and don't use big lot size, money management is still the best option.


I make around $2k/3k profits in a month, even though Forex isn't my only source of income, I don't trade full time.
so you have to understand the basics of Forex before you trade on a live account, and before you trade on a live account make sure you trade with a demo account for months, when you are now sure that you are good then you can use a live account.

I want to learn forex, but I only get the theory (talk talk part grin), I want to learn this demo, before I delve into it live ( fully).
Any help on the demo? Videos and where to train with the demo. Thanks
Re: Are all this Nigerian Traders Really Making Money From Forex ??? by OGWILLS123: 6:25pm On Sep 06, 2020
OkoyeA1:

I want to learn forex, but I only get the theory (talk talk part grin), I want to learn this demo, before I delve into it live ( fully).
Any help on the demo? Videos and where to train with the demo. Thanks
Just download IQ option on Google play
sign in after that they will give you a virtual
money to trade with.
Just did mine and all the whole think they like candle stick
and all the BS was very confusing �
Re: Are all this Nigerian Traders Really Making Money From Forex ??? by FatherCHRISTMAS: 6:40pm On Sep 06, 2020
It's a fugazy

1 Like

Re: Are all this Nigerian Traders Really Making Money From Forex ??? by sureteeboy(m): 6:43pm On Sep 06, 2020
9gerian:
So why are the professionals exerting so much energy (even adverts) trying to recruit newbies under various schemes?


It's simple. The aggressive "professionals" don't earn that same money they claim to. Their primary source of income is the training they give newbies.
Isn't it the same way how a certain graphics designer here keeps looking for trainees who he'll teach how to make 170k monthly on graphics. Which makes me wonder how someone who earns over 170k monthly will be looking for trainees who'd pay him a meagre fee rather than focusing on the numerous jobs he takes from clients that guarantees him the above figure monthly

29 Likes 1 Share

Re: Are all this Nigerian Traders Really Making Money From Forex ??? by Nobody: 7:19pm On Sep 06, 2020
FAKE...
Re: Are all this Nigerian Traders Really Making Money From Forex ??? by Nobody: 7:20pm On Sep 06, 2020
SoftBillionaire:
Calm down and learn the skill. Can teach you how it works. It works for professional traders, not newbies.

Soft Billionaire.

lol.
Re: Are all this Nigerian Traders Really Making Money From Forex ??? by Tedpgrass: 7:26pm On Sep 06, 2020
light099:

The issue is that most Nigerians are still uniformed about what Forex really is. And with the popularity of sport betting among Nigerian youths which every riffraff on the street does, most people are mistaking Forex for Bet9ja.
Forex is trading while Bet9ja is betting. They're quite different.
Forex is gradually becoming the most popular business and profession worldwide, even those who have primary profession now use it as a second hustle.
Forex isn't 10% of your capital in a year, it all depends on how smart and sound you're in the market. You can make 1000% in a month, but just like every other profession and business in life, it's risky as fck. So if your balls aren't firmly tightened, you'd better stayed the fck away from it.
Check out some of these guys, Sandile Shezi, Chris Williams (Swaggy C), Shaun Lee etc. Those are professional traders.


Well, discipline is a part of smartness.
When you're smart, you apply the best winning attitude to a situation.


What car is in the 3rd picture please

.
Re: Are all this Nigerian Traders Really Making Money From Forex ??? by Nobody: 7:29pm On Sep 06, 2020
grin grin The market most time is very crazy and irrational.Your Best bet is to hedge against lose and wait patiently.Most People do lose money especially when you first start.You really have no control of the market. I remember losing $900 in two days,money wey i for use buy small land.

1 Like

Re: Are all this Nigerian Traders Really Making Money From Forex ??? by Bornfool(m): 7:30pm On Sep 06, 2020
Saxy4c will just be laughing at you guys wey talk say Forex na scam

grin grin
Re: Are all this Nigerian Traders Really Making Money From Forex ??? by Nobody: 7:49pm On Sep 06, 2020
Tedpgrass:

What car is in the 3rd picture please.
Tesla model 3

ksly24:

Are u the person in these pics u posted?
No
Re: Are all this Nigerian Traders Really Making Money From Forex ??? by ksly24(m): 7:56pm On Sep 06, 2020
light099:

The issue is that most Nigerians are still uniformed about what Forex really is. And with the popularity of sport betting among Nigerian youths which every riffraff on the street does, most people are mistaking Forex for Bet9ja.
Forex is trading while Bet9ja is betting. They're quite different.
Forex is gradually becoming the most popular business and profession worldwide, even those who have primary profession now use it as a second hustle.
Forex isn't 10% of your capital in a year, it all depends on how smart and sound you're in the market. You can make 1000% in a month, but just like every other profession and business in life, it's risky as fck. So if your balls aren't firmly tightened, you'd better stayed the fck away from it.
Check out some of these guys, Sandile Shezi, Chris Williams (Swaggy C), Shaun Lee etc. Those are professional traders.


Well, discipline is a part of smartness.
When you're smart, you apply the best winning attitude to a situation.
Are u the person in these pics u posted?
Re: Are all this Nigerian Traders Really Making Money From Forex ??? by Barka00(m): 8:03pm On Sep 06, 2020
Forex is very lucrative
But a lot of scammers and fraudsters(Yahoo Boys) are hiding under the stuff
Re: Are all this Nigerian Traders Really Making Money From Forex ??? by Mywd: 8:07pm On Sep 06, 2020
OGWILLS123:
So how much will be my profit per month if I start with 100K naira

Bro i made 80k with a deposit of 100k last week friday... Last week friday was NFP...

Not all traders who deposit 100k naira will make 80k thats what u should know..... So i made 80% in one week

1 Like

Re: Are all this Nigerian Traders Really Making Money From Forex ??? by Mywd: 8:08pm On Sep 06, 2020
ksly24:

Are u the person in these pics u posted?

That is shaun lee..

A Big popular british forex trader

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