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Nairaland / General / Re: Naira Strengthens By 7.43% To N1750 Against Dollar At The Black Market by thefavored1: 2:23pm On Feb 23
Tinubu is working
Politics / Re: Nigeria Prepared To Host African Central Bank In 2028 – Tinubu by thefavored1: 10:54pm On Feb 19
Wahala be like bicycle undecided
Sports / Re: Super Eagles Goalie, Nwabali Honoured With Chieftaincy Title In Egbema Kingdom by thefavored1: 9:08pm On Feb 19
Envy and jealousy setting in.
Meerahbel:
Uzoho in tears right now

1 Like

Sports / Re: 5 Super Eagles Players That Won Nigerians’ Hearts During 2023 AFCON by thefavored1: 11:28pm On Feb 18
U 4 kuku add iwobi na undecided
Taribizy:
No talk am again. Victor Osimhen deserves to be on the list which I believe is spot on. These 5 players stood out for Nigeria in the just concluded AFCON. Kudos to them and more success in their careers

1 Like

Celebrities / Re: If Another Election Was Held Tomorrow, I Would Still Vote Tinubu” - Seyi Law Say by thefavored1: 10:57pm On Feb 18
This guy deserves to be thoroughly tortured and locked up for 3 days without food undecided
Sports / Re: 5 Super Eagles Players That Won Nigerians’ Hearts During 2023 AFCON by thefavored1: 10:55pm On Feb 18
Osimhen should not be on that list undecided

1 Like

Sports / Re: Super Eagles Goalie, Nwabali Honoured With Chieftaincy Title In Egbema Kingdom by thefavored1: 10:53pm On Feb 18
Na once my guy story change 2 secs. God is really wonderful.

109 Likes 5 Shares

Politics / Re: 99% Oppressed: Julius Abure Is Set To Suspend Peter Obi From Labour Party by thefavored1: 10:52pm On Feb 18
Hmm

1 Like

Business / Re: Why Online Forex Trading Is A Fraud. My Findings by thefavored1: 3:26pm On Jan 29, 2021
happney65:


Bro..10% is still relatively okay..With about $900 in my account while i trade with $100.I use scalping..I trade one Major currency mostly while i dont use stop-loss..I set my profit to about 20pips which closes whether am there to monitor it or not..I can get about 50pips daily or more at times when Market is good..With 900$ in my account i am good to go since i dont use Stop loss and its rare for the currency i trade in which is the USD/JPY to fall 900pips..Very rare and i dont think it has ever happened..The last time it fell about 500pips was during the major Earthquake that happened in Japan..

Am open to Advice's and criticisms please bring it on lets learn..

Thanks

You will be STOPPED OUT. lol
Business / Re: Why Online Forex Trading Is A Fraud. My Findings by thefavored1: 10:13am On Jan 29, 2021
hitz:
Forex is very risky and only rewards people who know how to manage risk.

Forex itself is not a scam. Its just a market. Blaming the market is like blaming Tejuosho market for buying a fake product.

Individuals should learn to do their homework on any Marketer and broker. Most "professional" traders in nigeria are just hungry affiliate marketers. To filter these clowns is simple, request their trading history for at least six month not farther than 3 weeks from the current date.
I am yet to see any forex guru that can provide this

For the brokers: Most brokers are frauds controlled by the russian mafia the same mafia involved in mass credit card phising schemes and online casino rings. The mafia uses forex brokerage to launder money and make dirty money become legit. They don't give a Bleep about your money. infact you are a maga to them.

Let me tell you how to know a fake broker. Sit tight.


1) Any broker not registered in the UK, USA or Switzerland

any broker from Malta, Cyprus, cayman islands, Mauritius, etc. are dangerous. These countries have not yet created specific laws that protect FOREX traders from being scammed. thier laws cover the entire financial institution not specifically the currency exchange market and the brokers have lawyers that know how to manipulate the law to suit them. in short, they will scam you and nothing will happen.

2) Brokers that give outrageous leverage and bonuses

Leverage is increases your trading power and automatically increases your risk. fake brokers know theres a 97% chance you will lose the money so they lose nothing. the highest leverage you will see on real brokers is 1:100. there is an american broker whose highest leverage is 1:50.
theres a fake cyprus broker EXNESS that gives 1:2000 (just imagine) use your brain.

3) Fake brokers spend so much on advertising

i got this point from the CEO of a forex brokerage i consider "real". he revealed that aggressive advertising only shows that the broker is struggling to retain customers and needs a refill of magas. Fake brokers pay so much advertising rather than pushing their efforts on upgrading their technology, prices and customer care. the cost of this advertising is paid by the ignorant traders through high spreads. and other evil methods. this CEO also said a forex brokerage can make alot of money with few loyal customers.

i am done.

I would love to connect with you bro. Can I get your WhatsApp digits?
Business / Re: Why Online Forex Trading Is A Fraud. My Findings by thefavored1: 10:10am On Jan 29, 2021
dowjones:
From posts on nairaland you can tell most (if not all) traders don't have a clue about forex. how do you know a clueless trader?

1) His definition of a "successful" trader:

A novice trader will choose high percentage returns over high risk management. In other words, he will pick a strategy that allows him make 100% weekly with over 65% drawdown and 70% Risk of Ruin. Novice traders are gamblers.


2). His choice of brokers:

A Novice trader can't tell a bad broker from a good one. To him, the broker with the highest bonus or an office in Nigeria or the highest leverage is best.
There are less than 7 REAL, GOOD brokers. The rest are FAKE and will show their real side when you make consistent profits. (I will elaborate another time)


3) Their charts:

Novice traders believe so much in fancy indicators and clogged charts.. They forget that the movement of any currency pair depends on real life situations and decisions by humans. Indicators reflect this change AFTER the real move has occured. Sadly this is when the sheep enter.

Typing on a phone is hardwork.


I would love to connect with you bro. Can I get your WhatsApp digits?
Business / Re: Why Online Forex Trading Is A Fraud. My Findings by thefavored1: 8:55am On Jan 28, 2021
dowjones:
From posts on nairaland you can tell most (if not all) traders don't have a clue about forex. how do you know a clueless trader?

1) His definition of a "successful" trader:

A novice trader will choose high percentage returns over high risk management. In other words, he will pick a strategy that allows him make 100% weekly with over 65% drawdown and 70% Risk of Ruin. Novice traders are gamblers.


2). His choice of brokers:

A Novice trader can't tell a bad broker from a good one. To him, the broker with the highest bonus or an office in Nigeria or the highest leverage is best.
There are less than 7 REAL, GOOD brokers. The rest are FAKE and will show their real side when you make consistent profits. (I will elaborate another time)


3) Their charts:

Novice traders believe so much in fancy indicators and clogged charts.. They forget that the movement of any currency pair depends on real life situations and decisions by humans. Indicators reflect this change AFTER the real move has occured. Sadly this is when the sheep enter.

Typing on a phone is hardwork.

Hi. Pls is OCTAFX a good broker?
Politics / Re: FG Orders Banks To Open From Monday by thefavored1: 7:31am On Apr 30, 2020
What about Banks in other states?
Nairaland / General / What Do I Do? by thefavored1: 8:36am On Nov 11, 2019
What business can I do with 250k??
Education / Re: National Open University Of Nigeria (NOUN) Students by thefavored1: 11:35am On Sep 08, 2019
Pls I want to enrol as a new student for the 2019/2020 academic session (2020_1st semester)
When will the form be out for next session?
How much is the form?
What are the requirements for admission? (Bsc. Peace and conflict resolution studies)
How much is the current school fees for new students? (Bsc. Peace and conflict resolution studies)

Thanks for your swift response.

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