₦airaland Forum

Good day guys, I will like to share my forex trading experience with you for the sake of those who intend going into it or similar ventures.

Online Forex Trading involves the buying and selling of foreign currencies via a trading platform offered by a Broker. Forex trading is a highly risk business and it is possible that one losses/multiplies his capital within a very short period of time.

While some people tend to think of it as gambling, I strongly disagree because unlike gambling where it is either a win/lose situation,in Forex you can place wrong trades yet still make profit in the long run.

I started trading Forex in 2010 by accident. Though I was trained the previous year, I was too scared to invest my money in it. A friend who needed some clarification logged into his live account on my pc and we agreed that Ill place some trades on his behalf.

Fortunately I was able to turn his 200 USD account into 1000 USD within 2 months. I got so excited and felt I had discovered a means to financial empowerment. I was able to make profit the 2nd time after splitting the profit we made initially but the 3rd time, I made losses but my friend decided to stop.

Later I introduced 3 persons who invested 500 USD each and I was able to turn each of the accounts to an average of 2000 USD in the 2nd month. Subsequently, they made withdrawals but begged me to wait till I make the next withdrawal cos they had pressing financial challenges. Eventually, I lost the capital and simply walked away.

Since then, I decided to invest my own funds so that I can keep the profit to myself not realising it was the beginning of my downfall. Occasionally, I made profit but ended up losing it again.

I gave up in 2012 when I lost so much and did not have a job or any money to invest again. But fast forward to 2013, I got a good paying job and the recovering my lost funds came to mind. I felt if i could invest a large sum, then the chances of making profit are higher.

I did extensive research and reinvested in it. I became glad when I made profits in sucession and I thought that the long awaited dream of becoming to multi millionaire is now a reality. But that wasnt to be as no sooner I made profit, I started making losses but that did not deter me.

I tried to rationalise it and said to myself" I was a little greedy by using a high lot and I will practise money management techniques next time ". On some occasions, I made significant profits (300k, 700k, 400k) while I made losses most of the time.

Mid 2016, I lost my job a month after I had a child and I resorted to Forex again. Sometime in July, I made up 2M in 4 weeks with a 500k investment and felt on top of the world. I bought a brand new laptop, paid some bills and debts and withdrew some. I reinvested 500k but ended up losing cos I felt too confident. I invested the profit I made but ended up losing again cos I was too eager to gain back what I lost. I weeped uncontrollably.

I didnt have any money to invest again so I resorted to selling my property (u can check my previous posts). My plan was to regain what I lost and stop it completely so I sold some items and invested it again. I ended up losing everything and my life became miserable. I was also indebted to a friend, and even contemplated suicide but something held me down.

Now, I have given up it and I hope to start a job soon. I know God will restore me I feel I should share this so someone under similar circumstances can learn.

Worthy points to note:

There is no short cut to success. Success comes when opportunity meets with preparation. Most times the easy way is not the most effective way.

In business, sometimes you gain some and lose some. Its better to accept this fact and move on instead of trying to recover all your losses cos you might end up incuring more losses.

Never sell your property to invest in a business you're not certain off. Chances are high that you will end up losing it.

Try to discover your God given talent and work on it. Have a right attitude and always remember to pray.

God answereth prayers.

Thanks for your time.

They are not police officers.

I was embarassed to say the least after watching the video. A minister of Budget should have such information at the tip of his fingers.

I remember those days when I was an accout officer in a new generation Bank, your RM might just ask you for your Branch's risk asset or liability figure during MPR. U dare not say you dont have that info, otherwise you will become the new topic for discussion and everyone will take turns to lash you.

That being said, I dont believe the problem is that of "square pegs in round holes". It simply shows ineptitude and lack of Passion for the job. Fashola, a trained lawyer would give facts and figures to support any claim and certainly would have fared better.

I think that Minister should offer an apology to Nigerians for the national embarassment.

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It is very obvious that u cooked up this story just to get attention because the story just dosent add up.

No Nigerian parent who struggled to train his/her child will give her up for marriage unless they are extremely poor or the guy is wealthy and in any case they wont seek your advise before taking a decision.

Nonetheless ill share my views; If d guy is mature in every sense and has achieved a lot for himself materially, emotionally then she may CONSIDER it, otherwise she shd obtain her degree first. The reason why i said that is because Money plays a very vital role in determining the success of any marriage even when there is love.

With money, love can grow but without it, it could be very difficult unless they have genuine love for each other and are willing to stick together no matter the circumstance.

Kanu married Amara when she was 18 and they are still together so age dosent really matter provided he is mature enough, has d financial wherewithal to take care of her and is not just lusting after her young body. But from what u posted, i can deduce that the imaginary guy is not mature enough, since he is only attracted by her skin color and is only lusting after her.

Next time, think thoroughly b4 cooking up a story. Fiction is an art and it requires some level of intelligence.

It is very obvious that u cooked up this story just to get attention because the story just dosent add up.

No Nigerian parent who struggled to train his/her child will give her up for marriage unless he is wealthy and in any case they wont seek your advise before making a decision but nonetheless ill share my opinion.

If d guy is mature in every sense and has achieved a lot for himself materially, emotionally then she should CONSIDER it if she loves him, otherwise she shd obtain her degree first. The reason why i said that is because Money plays a very vital role in determining the success of a marriage even when there is love.

With money, love can grow but without it, it could be very difficult unless they have genuine love for each other and are willing to stick together no matter the circumstance.

Kanu married Amara when she was 18 and they are still together so age dosent really matter provided he is mature enough, has d financial wherewithal to take care of her and is not just lusting after her young body. But from what u posted, i can deduce that the imaginary guy is not mature enough, since he is only attracted by her skin color and is only lusting after her.

Next time, think thoroughly b4 cooking up a story. Fiction is an art and it requires intelligence.

Ok

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Pictures

Sony cybershot camera. 20. 1 mega pixels. Price is 25k. 07081856699

More

I am experiencing challenges uploading all at once. Perhaps u can add me on watsapp

They say a picture is worth more than a thousand words

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08133997992

Still available

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Still available

Brand new microwave oven for sale in ibadan. Attached herewith are the pictures.
Call 07081856699 if ure truly intrested and ur price is REASONABLE.

Amt is 18k

How do u mean unlocked.? Its the regular smile wifi modem. The latest design. I will give it up for 5k if ure really keen.
If the answer is positive, u can suggest how we go abt it since ure not in IB.

I believe the topic is self explanatory. Price is 6k and location is ibadan. Phone is 07081856699

Brand new LG LED monitor. 3 units. Price 23k. Location Ibadan. No:07081856699

U dont have to buy all. U cant go a store and say u want to buy wat u dont need. Identify the ones you truly need and PM me or call me. Ill be willing to do business if wat ure offering is right.

Will upload pictures soon. M out of town but will b bak later in d day. Just creating awareness.
P. S location is ibadan and, like i said its almost new.
One cud even repack and sell as new.
Also its medium size