₦airaland Forum

Davigle:
Ogami be calming down naw, see as u don distabilize my eah wit ya English naw oga professor....🤣

F1re:
I pretty much cut out a trade immediately it goes against me ruthlessly, no ifs or buts, I've done it so much over time that it has turned second nature to me, I always have a certain amount I'm willing to lose on each trade I take depending on my equity.

Go read 'Phantom of the Pits' summary by Tom Hougaard, it's free on his website, it'll help you tremendously in learning how to cut a loss quickly.

Cashhy11:
I hail you o, Gold is one crazy instrument you don't break even anyhow, the Idiot can zoom back to your entry, take you out and reverse to continue the journey all in just a single 5minute candle, even without any news at all.

Well, on the flip side, I've completed my phase 2, so I'm taking the rest of the week off. Trading continues next week by God's grace.
It's not been easy but Alhamdulilahi. I'm going offline for a while. Continue digging gold brother. All the best.

Cashhy11:
And this has continued again today. Another 1:2rr missed trade by less than a pip that heads to TP. Just one more winning trade and I'm done for the week.

Geovanni412:
Are you advising him to stick to personal accts or prop firm accts?

The bolded is confusing

GabsonFX2:
Exposing PropFirms' Model
I understand you, now I need you to understand this, then the below advice follows

Each time we pass a challenge with prop firm, what we are doing is doubling (making 100%) the capital which naturally makes us aggressive traders. Meaning, if you buy a $10K prop account, $1K is the actual risk appetite, and they want us to double it ($1K profit, 100%). In fact, $500 daily DD is the imminent and closest to hit risk appetite and this is the actual failure traders experience. Compare having a $500 risk capital to targeting $1K profits in order to win phase 1. That's making 150% of your risk capital.

They understand that if after you are unable to make 100% after 5 tries, you may luckily win 100% on the 6th try but then, they await you on the phase 2 of the 6th try cos they understand that you still have to be aggressive to make the phase 2 $500 target, i.e. 50% if $1K overall DD is considered or 100% for a $500 daily DD consideration. This keeps you going in cycle with them and other props. This is model that make them their money.

In the real and professional world, a sustainable forex trading is making 2% to 5% monthly profits and about 12% to 30% yearly. But prop firms twist it all by asking us to make 100% profit on phase 1 when loss is by an overall DD, 150% profit when loss is by a daily DD and 50% profit on phase 2, 100% profit when loss is by daily DD.

Prior to the advent of prop firm, I would never advise anyone to borrow capital to trade; but now, I would advise that you could borrow $500; target only 10%, withdraw the capital and profit, return the capital to where it was borrowed from. Use the profit to buy two prop challenges.

10% profit target on personal account is better than what prop firm requires from us.

Geovanni412:
The thing is,

All these traders on Twitter,

If they are trade gurus, why are they selling signals when they could trade all the way to millions and disappear like the Japanese day trader guy BNF?

Pondabrown:
LAST TIP:
Avoid Twitter and Instagram traders like your life depends on it especially twitter.
Twitter is the only place where everybody is profitable, all of them are hedge fund millionaires. Trust me, they will make you feel like you aren't a good trader or aren't progressing at all.

Cashhy11:
Closing this manually once price can't break this for the second time, and we call it a day. I will be needing just $24 to complete my phase 2 if this reaches its full TP. All thanks to all the 4diffeent missed trades today, and the Gold lost trade. Man should have been live funded as we speak. 🙏

Donsheddy:
After hiding it for months...
I no go try that rubbish again.....

Donsheddy:
Say No to gambling, SAy no to overtrading....

Frustration brought out the spirit in me and i almost paid for it....

Petah:
Good morning everyone and happy Sunday,
With the new ban of CBN on crypto trading, how do we engage the P2P on OKx without getting out account blocked? I use opay.
And again I wan to send money into my FBS account but I am scared my account could get blocked.
Bosses in the house, please help! This economy isn't smiling.

https://twitter.com/chisom_GA/status/1787194874057343336?t=qEoecSp1DYqXteD9jPtCWA&s=19

https://twitter.com/shreyashfx/status/1787393574176170043?t=8A3zLWOWM5HCgAEAeIbI_A&s=19

CC: Davigle

peteregwu:
I actually close the trade before tp when I saw the double top on 2hr time frame. I used to do it as long their is a support or resistance close to my tp, I close any of my trade. I am always anticipating it. But what actually makes me happy is when I do analysis and it goes my way, omo e dey give me joy. 😊

infofirst:
🤔🤔🤔

LincolnOnyeabor:
Okay boss.

Have you gotten to their Payout yet sir

Are they legit??

No, sir. That screenshot back there is Phase 2. I dey hope to hit funded account, today. That's why I dey also stretch out invitation to 2 pipo from fta to join me make their own on d 1k account.

If I start trading the funded account, today, I have 30 days till payout can be approved. So, $1 a day from each invitee would earn dem $20 or $22, in that 30 days payout period (if they give it their best).

LincolnOnyeabor:
Boss good day sir.

Which Prop is this please

And how does the $1K account work abeg??

How much does it cost??

FundsForTraders. This particular account (2 phase) is a giveaway, but it cost $13.5

infofirst:
What lot size and how many positions will you recommend for a 10k challenge account?

peteregwu:
I am feeling great...

peteregwu:
Volatility 25 INDEX almost hit tp before dropping deep down. 😁

realone12:
lol all die na die..😂😂😂 if I perish I perish.. there is no turning back at this point, you either go hard or go home.

NFP is don and dusted..Next stop is CPI.. we again with full margin 🤣🤣

Jamming dis song since and neighbors don dey wonder wetin I sniff over d night 😃

Donsheddy:
Lol you go follow am mant guard

Donsheddy:
On gold for that matter 😂😂

2pep:
Umm! Oga Samfelly, when is the next Sit up or Sit Out competition holding?
Mah ah go dust my forest books for brain sharpening asap.

infofirst:

What have I missed?
Has @meshpips showed up yet?
Has our ppl greed reduced?
Are they trading 0.01lot on $10k max two positions yet on challenge acct?

AK284:
Hello guys.
Happy weekend
Please what's the easiest way find props like fundednext from Nigeria ?
At least we know binance cryto funding (PSP) not possible again in Nigeria.

infofirst:

Noted. I will wait till he says fx is a scam. 👌👌👌

MrCuteking:
Hello everyone, please I want to know if this new info about opay, monie point and other banks about crypto means we can’t deposit into mt5 account using brokers like Exness again.

PriceActionZ:
This is rubbish jare. It's better to trade your personal live account than this rubbish. Why must they limit my gain to 2 percent daily? They know that a lot of people are raking profits from FX prop, so they re indirectly after your challenge money Nd not a real funded prop firm , anyone that gives rule like this. 99.99 percent of their traders wil never try this on bigger accounts. They will choke them.