₦airaland Forum

Fibonacci88:
Passed the second stage of TCF. Awaiting contract signing and live 10k acc. Prop firm portfolio is now 20k. 10k mff and 10k TCF. The goal is to hit 50k in funded prop firm acc this yr. So help me God. To everyone out there, stay put in this hustle and take time to learn. Avoid greed and get rich syndrome. The opportunities are limitless.

haryodehjia:
On same page but keep getting hunted by sl.. But don't you think we have a HnS pattern on Dtf or it is not valid yet?

Elliotwaveforec:
How far will this go?

abham:
AU, EA, ETH and S&P 500 has been good to me this week.

Sadly I missed my trade on both Aussie on Monday and Tuesday due to low battery and missed close to 300+ pips on both pairs but I still had to harvest some pips on my demo account still maintaining my bias.

I wish you all good trading.

Forex trading for Nigeria no bi easy feat o.

Conditions for d country go first defeat person before Mr. Market (forex) go come finish person

Sometimes, I go just wan cry, because the day would still be young for person to see good trades, but everything don die. No power

FreshGuy2:
Can someone help me and solve this issue of spread always hitting my stop-loss way too early or too late... Normally I like to risk $1 in all my trades but I usually get stopped out way too early or too late, sometimes at 0.75, 0.80, 0.82, 1.50,1.20 or 1.45 etc all because of spread.. How do I include spread into my risk so I don't get stopped out that way please

Englishisamust:
Risk Management plan for live funded account of a prop firm account for a trader with no winning strategy for 10K account. Who is very determined to blow the account

Stage 1
1st trade risk 0.35% 35 dollars
2nd trade risk 0.35% 35 dollars
3rd trade risk 0.35% 35 dollars
4th trade risk 0.35% 35 dollars
6th trade risk 0.35% 35 dollars
7th trade risk 0.35% 35 dollars
8th. trade risk 0.35% 35 dollars
9th trade risk 0.35% 35 dollars
10th trade risk 0.35% 35 dollars.
Stage 1 you lose 3.5 percent of your account remain.

Stage 2.
1st trade risk 0.175% 17.5 dollars
2nd trade risk 0.175% 17.5 dollars
3rd trade risk 0.175% 17.5 dollars
4th trade risk 0.175% 17.5 dollars
6th trade risk 0.175% 17.5 dollars
7th trade risk 0.175% 17.5 dollars
8th. trade risk 0.175% 17.5 dollars
9th trade risk 0.175% 17.5 dollars
10th trade risk 0.175% 17.5 dollars.

Stage 2 1.75%+3.5% = 5.25 percent

Stage 3
1st trade risk 0.085% 8.5 dollars
2nd trade risk 0.085% 8.5 dollars
3rd trade risk 0.085% 8.5 dollars
4th trade risk 0.085% 8.5 dollars
6th trade risk 0.085% 8.5 dollars
7th trade risk 0.085% 8.5 dollars
8th. trade risk 0.085% 8.5 dollars
9th trade risk 0.085% 8.5 dollars
10th trade risk 0.085% 8.5 dollars.

Stage 3 you lose 0.85%
Total loss 6.1%

Stage 4
1st trade risk 0.0425% 4.25 dollars
2nd trade risk 0.0425% 4.25 dollars
3nd trade risk 0.0425% 4.25 dollars
4th trade risk 0.0425% 4.25 dollars
5th trade risk 0.0425% 4.25 dollars
6th trade risk 0.0425% 4.25 dollars
7thtrade risk 0.0425% 4.25 dollars
8th trade risk 0.0425% 4.25 dollars
9th trade risk 0.0425% 4.25 dollars
10th trade risk 0.0425% 4.25 dollars

Stage 4 you lose 0.425%

Total loss 6.5%

Stage 5
1st trade risk 0.0212% 2.12 dollars
2nd traderisk 0.0212% 2.12 dollars
3rd trade risk 0.0212% 2.12 dollars
4th trade risk 0.0212% 2.12 dollars
5th trade risk 0.0212% 2.12 dollars
6thtrade risk 0.0212% 2.12 dollars
7thtrade risk 0.0212% 2.12 dollars
8thtrade risk 0.0212% 2.12 dollars
9thtrade risk 0.0212% 2.12 dollars
10 trade risk 0.0212% 2.12 dollars

Stage 5 you lose 0.0212%

Total loss 6.7 percent

Stage 6. I'm tired I don't think I can blow this account it is like it is impossible for me.

Using Risk of 35 dollars on a 10k account you may think it is very small. If you are using 1-2 risk to reward ratio na 70 dollars per trade you go dey make be dat. 34000 while sitting at home every week you be boss. Per month you go dey bang 280 dollars. Profit split go be 220 dollars. 100k every month for this Nigeria wey dey no easyoo.. but my dream pass this amount

Best of luck..

DannyFX2638:
not new.. anybody way day use indicators trade , Naso e day be

Feshizzy:
Make una ignore the dude,
He just want activity,
He doesn't even trade,
Just come here to make noise, i dey suspect one particular moniker,
But make we just dey observe

Ah, I been don dey prepare to ask you to go us proof o

Yamiriflathead:
Guys na my alternate moniker for the thread be this, I just dey use una take dey catch cruise onto say everybody blood dey hot. Feshizzy=yamiriflathead

Lol If this is true, how do we confirm it, pls?

karkinase:
My man as it stands now I’m a scalp swing trader, cos this market no get joy o

Welcome to d club

zonall:
... . ....Sam, the fella....my personal person....one of these days, we suppose dey round table....

....abeg overtake ooooh.

....Actually, I hope I don't win and this is not trying to be humble.

...I am enjoying the curve and understanding the market on a whole new level....learning to trust the process again and again....this is the win for me.

....I don see your Hilux with my rearview mirror sha...just flash headlamp whenever you wan overtake, make I clear my Benz 190 from speed lane. I hail oooh...

Comrade, dat bold one weak me o. But, abeg, my lawyer say make you try sign the statement, just in case

I go like make the round table happen for The Burj of Arab, in Dubai o

Jameselias:
Haa nawaoo agba backer

It is what it is

infofirst:
Normal gbas gbos of the market.

I dey enjoy your way of making it all fun. This market is mean. Person gaz find way to catch cruize

For the culture, my boss. Just for the culture .

Abeg, Zonal, still laff for here small. You just lock yourself inside house dey trade since on Monday. Drop that fone, go outside, go take fresh breeze .

Meanwhile, I dey ur back, and nobody go tell me not to pass you

VlamesIffect:
I dey miss all this una banters at times....

Bad guy. I hope you get enough popcorn?

karkinase:
Market just playing me mind games.. you leave ur trade to run e go spike, you take profit e go begin move hard..gosh

Boss, easy does it. E pele, sir. E ku a farada . Oja le gan

ItzProspero:
Calm down Bro. He only stated his observations and opinion, the big boss himself have addressed the issue.

Let's not start another unnecessary banter and efight.

I personally supports feshizzy opinion, but boss infofirst has the final say and he has given great points and reasons behind it.

Chief Prospero, na man you be .

Abeg, just wait for me for that ur junction make I quickly collect my change make I carry you go flenjoy the weekend

realone12:
oga if you want to talk to me, quote me directly and no dey go around the Bush.. In any competition, there are always spectators. the spectators may either cheer you or jeer you. just like in football how some football fans cheer or jeer cristiano Ronaldo and messi.. that doesn't stop their performing in any way. i believe you as a Forex trader, on this kind of competition, what the outsiders are doing or saying shouldn't concern you in away. your psychology suppose don pass that level now. we the spectators loves samfelly. we calls him because we perceives him to be a very free and jovial person here.. so carry your over seriousness and aggression to someone else..
I been dey see your posts here, and you seems like a bully in all sense. oga no carry your i too know and over sabi near my side.. I'm a newbie in FTA thread doesnt mean I'm a newbie in Forex trading.
no be everybody like to dey misyarn and talk down on people like you.

Bro, I feel ur energy on the bolded. And sadly, it can never be avoided. In short, it is the ingredients (the cheer and jeer) of all competitions.

We appreciate your inputs, however it is presented. And do also accommodate any supposed strike you get . Stay with us (fta)

DestinyDjohn:
Boss na blood I dey see for my mt4 since this week....this market do me strong thing

I dey see am, broda. Forex na the latest 'cul.tis.t' o . All the traders dey collect, woto woto .

Thank God I be Scalper, I don scalp and bounce back o. I dey fit control things if I use only one position of 0.1, but the minute I use the 2 max position, na stew I go dey cook .

I don make up my mind to dey use just a single position

infofirst:
Updates on past winners and their performances, five winners, five prop accounts, four are still standing. One soldier down.

God bless our soldiers. God bless us all.

infofirst:
You are at liberty to do as you wishes.

orchin:
Congrats

@infofirst, does the same competition rules apply to the funded account too?

infofirst:
Thank you for the observations. The contest is not like any regular contest. If we are trying to learn from it, making it private will defeat the aim. We see differently thou but I do not see any correlation between making it public or private and the contestants performance.

I asked some questions just before the contests starts, if you go through some of those responses and the trading habits, you will see most are not trading what they called their strategy. One can conclude that most are not having any trading strategy in the first place. The activities here are supposed to be a kind of journal for us. Every one can not participate in the contest but we should not deny them the chances of learning from traders behaviors and some investors interested in partnership will be denied too.

And when you look further, one can tell most are not having any risk management plan. And if you have no trading strategy, no risk management, you can not have the right trading psychology.

Strategy + risk = psychology + consistency

Infofirst and wisdom always dey on the same lane, dey move together

Feshizzy:
Abeg make una rest for the competition analysis,
Let the competitors have breathing space,
Everyone has a commentary now,
Abeg next competition,
Honorable Organiser, please make the competition private, make this competitors fit concentrate wella,
All these side talks don dey too much,

Atleast the ones allowed to even speak on it should be the ones active it.

Please make the future ones private and result published after it ended,
Anyone interested should partake in the competition not in running live commentary,
E don do abeg

Feshizzy, my real real. Baba dey pity all the traders wey dey face DD .

Boss, thanks for looking out.

infofirst:
You can open 0.01 and close immediately to make up for the days.
Once 0.2 lot is opened. Opening ng 0.01 and closing immediately will not be an issue

Oh, the boss himself don give am answer already. And 0.01 entry no go even make any dent

abham:
Good evening all, how would a swing trader be accommodated in this contest. Let’s say you open a trade on Monday with 0.1 do you have to open 0.1 per day to make up for the 10 days.

Secondly, the total lot size of 0.2 how would it be tackled in a situation where the first trade is opened with 0.2?

Simple, just open a 3rd position of 0.01 and quickly close and report yourself that you made a very dishonest mistake

DestinyDjohn:
Boss ..cut soap for me na

Lol Forex soap never come out o. Abeg, let me know if you know any 'baba' wey fit run am

Kaesyrn:


Our Oga Infofirst talk say make we use two leg take waka Jeje for the contest na only you Dey use three legs

Jameselias:
Samfelly i can see your winning the competition looking at the kind of loss others are amassing

Kaesyrn:
You dunno

infofirst:
Samfelly samfelly samfelly

Kaesyrn:

Jameselias:
go felly go felly go felly

realone12:
hmmm.. samfelly keeps falling from grace to grass for competition.. wetin dey happen now?

NA MY STORY ALL THESE NEWBIES SUPPOSE USE TAKE DEY LEARN LESSONS.

FOREX NO BI ANYBODY MATE O , BUT WE DYE HERE (no giving up)

Kaesyrn:
Lol Oga check well base on one or two I nor know whether na bicycle you use this time or pj but he be like say one of your tire dun match one of the rules for contest

Hahahahahahahaha I no even drive and ride bicycle, for this contest 5, bro. Na leg I take dey waka now o .

juniniodanielz:
@infofirst how can I change the username? I don try tire

Jameselias:
Nna eeh that zonal of a trader is something else oo

rainlover:
how do u mean by "risk management is poor" Is it that you risk too much money per trade?

As a mata of fact, yes (in all the former contests and usually when market make me angry). If not that boss reduced the max position of 0.1 lot size to 2, I would have been doing some I-dare-you shit by now . What's the worst that could happen? . But, so far so good, Mr. market hasn't crawled into my skin, yet. I guess I have the new contest rule to thank for that

Mind you, this contest 5 na me get am . About time I started chilling with the big boys

charly20:
We are still on this lady this week.
This is my contest asset. I may add gold to the mix if necessary.

I don't get emotional anymore. I guess the psychology has improved greatly. Risk management-wise, I understand why trades are moved to break even now. Just like I learned from @s.aintfaculty,I look out for reversal patterns in various supply or demand windows.

My RR remains dynamic.

One major lesson in my fx journey; Be humble or else the market will make you

Let's all improve.

I am happy to hear you say XAUUSD no longer scares you. Lets go