₦airaland Forum

Ameen, wishing you same.

Forexislife:


Good Morning my people. Been really busy honestly.

Wish everyone a good week ahead.

Thank you all for your suggestions, no doubt they have been really helpful. It all about extra caution especially if you have to trade with large fund.

I hope I can be of help too to this community someday.
Don't forget the ECB rate decision and ECB conference by 12:30pm and 1:30pm respectively.

Above all, take your trade along with the DXY index, you will never be wrong.

Feshizzy:
It's not about having tons of years in the market.
It's about your consistency.
No offence, most traders here from season one don't even have a solid live account to call their own. And that includes me.
So it's not really about the years input. It's about the profit output.

I have detailed what needs to be done to go full time.
The answer lies within you.

Regards.

Thank you for your timely response.
I just opened an account with hot forex. They are more regulated than Octafx. I just want to know where the big guys are trading (forex) where my fund can be Safu and withdrawal easy.

The bottom line is very reliable and most trustworthy forex broker. I will look at the regulation of ICMarket and to be sure if they allow customer from Nigeria.

CopyJoe:
Hotforex, ICMarkets

I have not used any for live trading.

Some people I know use it. And they have good reports.

HotForex accepts naira deposits.

Thank you for your post and the constructive criticisms.
Firstly I have more than four years experience in trading
I think I can cope with my personal business and trading. My personal business is 3years old and pays close to or more than my salary. My trading even pays more.
Another bottleneck is which forex broker to really trust, I trusted binance very well, not the same with fxtm and octafx.
I practice in the north and am getting fed up with the insecurity.
Thank you for your response.

Feshizzy:
.

I already posted about this before, i mean going full time in the trade business.
There's a lot that can go wrong, don't let the IG lifestyle fool you,most of them live on sponsored or mentorship funds.

To be full time, you must be very brutal with yourself first.
I personal advice you don't rely on compounding when going full time.
Make sure you have the right large capital.

For instance your monthly expenditure is 150k,
Make sure your strategy and capital matches to produce Atleast 200k monthly.
Here's a quick maths.
If your strategy give 20% monthly then your capital should be more than 1M
If your strategy produce 10% your capital = 2M
If it's 5% = 4M
If its 1% = 20M

You can only arrive to this when you have rigorously tested your strategy for over a year and very confident.
Even if you don't have the funds prop firms can give you a jump-start.

But you most first be very honest with yourself.
There's no rushing, the market is always waiting for you.
To thine own self be true,

Regards

Thank you bro. Moreover, you can check my profile on this great forum. I am a silent solitary battalion.

charly20:
Let's take it easy now, comrades. I think it's normal to want to be apprehensive when someone "barges in" and begins to post "profitable" trading history.

FTA has come a long way but past experiences still live with us.


Welcome to the community!

Red flags How? Have I cooked up any story? I have five years experience as a trader both crypto and forex and am still keeping my day job up until now. Just want to know how a full trader cope with trading before I quit my job. Isn't this a personal information too that I should not divulge online. I know I can be scammed too and hence reasons for being initially cautious.

Piptocoin:
hmm. I see red flags here because facts do not add up. Thread carefully, bro.

This is not a show off, more of you are better than this, but together we can achieve even more greatness.

walukoe:
Very happy to be part of this community. Together we can create wealthy Nigerians.

Very happy to be part of this community. Together we can create wealthy Nigerians.

If you are a full time trader or an experienced forex trader with base in Lagos, you can contact me, we may have great things to do together.

It almost amount to the same thing. What I like the most is funding and withdrawing in bitcoins to my p2p platform. There i can sell my USDT at #520 per USD.

NetValueFX:
Depositing funds at 412 means they will pay you at 410 which doesn't make much meaning for someone who makes money. If you deposit at 500 you will be paid at say 498. That means when you make 100% your payout will be less for the 412 deposit.

What a nice job you ar doing Vicjustice,
Please I want your advise on countries where Nigerian doctors can easily move to. I have been trying Canada and Australia but yet to get the supporting documents. Knowledge is power they say, pls help me out?