demanuel:

Thank you.
You mean this?
https://www.nairaland.com/7504926/forex-trade-alerts-season-23

yea

demanuel:

Good day boss,
I sent a pm.
I want to get started on forex trading.
Can you help me with tips, resources, and relevant tools to get started?

Thank you.

First thing first
Join nairaland FTA


Since you're just getting started, babypips.com have enough resources to see you through the basics

Ibrahimlagosian:
Guys,Ryze funding have a very bad rating with trustpilot,most people label it as a scam,a 1 star prop firm.Some who bought an account of 25k and above only receive demo accounts as their funded account.Funny enough,i find it fishy too.they have no sign up option,bad customer care,no discord or community,just incentives for an unsuspecting customer,their website looks scanty and unprofessional.unless someone who bought an account from them have withdrawn,i will not consider patronizing them.

Myfundedfx have an ongoing 50% discount for$5 - 10k accounts. Why not buy it. Watin u dey find for Refunding?

infofirst:
As some pipish and mesish and vapish people are on full time to scam us on this thread. Some amazing folks are striving to bring rewarding information and offers to improve us here as a family. May those offers come tru.
Be on the look out.

So quick one, what can a $10k challenge giveaway do for you if you win it here randomly without any competition ? How long can you pass it? If you are to nominate someone to get the giveaway instead of yourself, who will you nominate here?

I need it boss o.
I'm a slow trader sha.. it can take me 6 months to pass the challenge

If I'm to nominate another, that will be donsheddy but the baba get plenty challenge accounts already

Donsheddy:
Una just dey confuse una self.. for me i prefer equity based DD... Reason been that as you keep making profit your DD increases and as you loose profit your DD reduces helps you to be discipline


For Equiity Based

Starting Balance is 10000 and your daily DD is 5%>>>
5% of 10000 is 500 that means your account shouldn't go below 9500 today....
If your trade moves 800 dollars in profit and goes back to entry that same day your account will still be intact because you didn't go below 9500...

Lets assume you make a profit on 400 dollars day 1, your closing balance for the balance for the day is 10400 now your DD for the next day is 5% of 10400 which will be 520... That means your account shouldn't go below 9880...

Now if in loss, lets assume you didn't make profit the first day and you close with 9800 your DD for the next day will be 5% of 9800 which is 490 that means you can't loss more than 490 on the new day that means your account shouldn't go below 9310 if you like make 2000 dollars profit that day... Thats how equity based work....

While in Balanced Based Your D. D is Fixed at 5% of starting balance which is 500 dollars

So any day dont lose more dan 500 dollars ...

If your starting balance is 10400 for the new day your account shouldn't go below 9900
If your starting balance is 9800 it shouldn't go below 9300 thats for balanced based....

That's balance based na.

kozmicity:


Balance based is the biggest scam ever, and here I was wondering why I was disqualified from my Fundednext challenge.

balance based isn't scam sir. Your account had daily equity drawdown rule.

Understand this: some accounts are balance based with daily equity drawdown rule.

Petah:

There is equity based and balanced based.
The held trade was in equity na,
Abi I am missing something?

greatcheer:


please kindly explain to us

BALANCED BASED: let's assume you have a starting balance of $10k with a daily drawdown of $500

Now - you only breach the account if your balance reduces to $9,500.

I.e - even if you made some profits, but later lost it, your account remains active so long as it doesn't get to $9,500.


EQUITY BASED: let's assume you have a starting balance of $10k with a daily drawdown of $500

Your drawdown counts begins from the highest equity attained within that day.

Equity means: Opening balance + floating profit and loss

Eg: you took some positions and your PNL got to $1000

This means that you have trades in profit and your equity would be $10k + $1k
That's $11k

Now here's the catch..

After reaching $11k and your trade(s) reverses , reducing your equity to $10,450 ($11k - 5%
)
You will lose the account because, you lost 5% of daily equity.

So in conclusion; if your account is equity based, just keep making profits and don't come down to -5% of whatever equity attained within that day.

Hope this helps

Petah:

Good morning,
I noticed that too. It is better to not let your trades hit DD, rather than trusting those balance based DD,
Honestly, I understood this when I was in UMW competition,
I held a trade after it crosses the DD of 5k it retraced into profit of 8k I was smiling, na so them nack me DQ email. I just surprised even though na balance Based DD o. Then I knew it was pure marketing.

U breached it na.
U don't understand what they meant by "balance based"

realone12:
congratulations to you "one of our top most bosses here. I have learn alot from you, especially from your recent gold call.

they said a closed mouth is a closed destiny.
in the spirit of celebration, I open my mouth with faith and publicly make an appeal to you to bless me with the small fundedNext account plan (6k)

na with absolute faith I make this appeal. and who knows I might be lucky.
may God bless you as you consider my public appeal

u no follow dey hustle TFT ni?

karkinase:
This Meshpips na Baba weyrey oo 😂 Baba dun carry him VAP nonsense go betting thread dey predict games..

VAP dey everywhere

Omo this TFT 20% na soap them dey use reach am o

I was able to grow the account from 111,700 to 112,400

The hustle continues next week. Na Gold get power

24hrUplift:


Hmm.. stop pulling my leg🦵bro.

But if you want to bet, I will pull 100% profit monthly 👌

humbletrader is back from ICU 😂😂

Geovanni412:


VAP is a real technique.

Check pimpmytrade.net

First course on the homepage is on VAP.

Courses there are free to download as well

Meshpips said that His own VAP is different.

samfelly:


But Meshpips don swear with 'Ayelala' say only one moniker him get nah 😁. Why 'kids' like us go still dey doubt 'our elder' for here? 😂

meshpips na certified liar na.. even his VAP exists only in his imagination.

infofirst:


What it is. Thank you jare. He no even get evidence.
2015 ISONU.
I have over 15 years experience. I can rescue your acct in ICU. I am a 45 years old VAP strategist turned Scammer and useless... If you hear such lines, RUN o

That guy is same person as meshpips. Aje! I can swear with meshpips' left eye ball.

Geovanni412:


I like this one....go cook beans

That is leave the trade to run and check in 4-8 hrs +

What will be will be.

Ensure to add salt after the beans starts boiling.. e get why

24hrUplift:


Bro please test me out—tomorrow with a small account 🙏

I'm no rookie.
I have been driving the market since 2015.

I will prove it to you again and again. Bro
%100 Profit guaranteed ✅
But profit sharing is 50 / 50

Check my results and then send me a bigger account again.

Lets work together. Bro so you can recommend my service too.
My investors have sacked their managers after working with me.
If you don't believe my screenshots, then just give my service a try.

I love 💕 you all.

You've been drilling the market since 2015 and u never fit raise the least $50 to buy prop🤔 meshpips zukwanike
U dey find account to manage. Manager

24hrUplift:


Bro please test me out—tomorrow with a small account 🙏

I'm no rookie.
I have been driving the market since 2015.

I will prove it to you again and again. Bro
%100 Profit guaranteed ✅
But profit sharing is 50 / 50

Check my results and then send me a bigger account again.

Lets work together. Bro so you can recommend my service too.
My investors have sacked their managers after working with me.
If you don't believe my screenshots, then just give my service a try.

I love 💕 you all.

Meshpips this is you Aje!
Your humbletrader moniker don cast u come with this one 😂

EASYLIFE4US:
Abeg if you jus Dey start forex, find another line of business wey you go do. Forex don waste many people time and hardwork wey for Dey very useful and productive elsewhere, na only forex criminals I know wey worse pass Nigerian politicians

this man don collect wotowoto 😂😂 meshpips come carry am go ICU

Meshpips where at thou?
The waves of the market yesterday don catapult you back to ICU 😂😂 who will now help the helper?

Emmizay12:


Gold is my sidechick,, ever since I left forex
it's all but love,,

Forex is the largest and most laziest markets to trade, I love markets that move like they have somewhere they want to be and are not shy of running there.

Assistant boyfriend

infofirst:


I dey respect myself with gold. I almost fell for her trap today but I survived it.

Gold nd the forces behind her move is extra ordinary

😂

I sold gold @1916
Target↙️

Donsheddy:
Red news...
What i think would happen....
Bullish eurusd.
Bearish eurgbp.
Bullish gpbusd..
Bearish dxy...

This is not my hand writing sha.. cus no evidence....
I dey ICU unit now with our senior scammer meshpips we dey try revive [b]5 prop accounts [/b]lime this 🏃‍♂️🏃‍♂️🏃‍♂️

Baba meshpips the scam Lord will be at his courtyard crying silently right now 😂😂

Today market confuse

rainlover:
I'm currently long on gold, will take profit @1916 then wait for a sell signal.

Since this week - I only opened a new position today which may run till next weekend if Gold doesn't continue selling from it's current price.

A lot of accounts got burnt this week 😢

TP HIT

Omo whahala be like bicycle.. gold and dxy still bullish 😂😂

Even Meshpips VAP must collect wotowoto

FXcandles:

Oil price extent bearish in yesterday market, here we can see the oil formed bearish candle and figure low 79.40 and high 80.30 despite still becomes higher low compare low in August 17. Oil market could in previous trading range.
Nigeria's oil production plunge 15.5% in July. Oil production in Nigeria slumped by 15.5% in July from June, marking the third month-on-month decline since April, according to data from Nigerian Upstream Petroleum Regulatory Commission (NUPRC)

Them don add new feature for this bot wow; it can now respond to mentions.

Donsheddy:


I salute una wey dey trade gold oh...
That pair hmmmm...
I no dey ever think of to near am...

if you stick with her much longer you'll understand her ways

infofirst:


How far? What's going on in ICU? Shey b you b ICU nurse?

😭 I don't have any bussines with a shameless scammer like meshpips.

Who knows what happened to humbletrader 😰 meshpips

Danator:

I thought she is a girl

yes na. Gold na my main chick.

infofirst:


He no dey hear anything o

He? Bots don't have gender na 😂 honestly I always believed it's a boy dropping update on crude back to back

Danator:


Weldone for consistent updates.

I thought fxcandles is a bot 🤔