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Nairaland Forum / Nairaland / General / Business / Forex Trading: How Profitable? (60610 Views)
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Re: Forex Trading: How Profitable? by securit: 11:02am On Oct 21, 2008 |
Re: Forex Trading: How Profitable? « #8 on: August 30, 2008, 10:53 PM » -------------------------------------------------------------------------------- Check out our account statement as attached @ Royal Trading, we are too busy to bore you with advertisement jingo. We are not forex marketers or suckers but forex traders who trade full time for a living & 4real find attached our trading statement, third party login coming soon where any one can log into our account on alpari platform to view our performance real time. Ayegba Emmanuel O Lead Trader Royal Trading 08053541343 Head office, Green Insight Inc. L4, Ahmadu Bello Way Kaduna Efico, Please,can you send me your third party vieweing password.I need it to make my final decision concerning your post above. |
Re: Forex Trading: How Profitable? by Toks2008(m): 6:20pm On Oct 21, 2008 |
Hello Nairalanders, Hmmm! This is getting very interesting. Well as you can see from the post above about managing trading accounts, you can just relax and rake in profits month after month. PURE NONSENSE If you read through the post, they share your profits but you alone bare the loss. Who is fooling who? Its either you learn how to trade yourself or you simply forget forex trading. PERIOD Look at the screen shot and you will see the type of mediocres claiming they manage funds. Imagine trading 1 standard lot on just 5000usd trading capital and using a broker that does not offer a micro lot. I have personally lost about 2000usd in forex before due to bad money management using the same broker they are using (Fx pro) I am not writing this to create an undue confrotation but please guys, do your home work properly before coming here to advertise your mediocrity in the name of managing forex accounts. No insults intended so forgive me if this is hurting to you but you must understand that this is a respected forum where you dont just come to adverise an unfounded venture to people. Thanks 5 Likes 1 Share |
Re: Forex Trading: How Profitable? by pip4wealth(m): 10:32am On Oct 29, 2008 |
Forex trading is a two way sword that can make money for you as well as negativelly kill your money. The truth of the matter is that it is a business that is highly profitable with almost equal amount of risks. Over the years, my finding on most traders that have lost their money is that an average nigerian want to reap where they have not sowed, most young trader want to make money without sufficient training. This account for the 95% reasons that the failure rate recorded is so high. For powerful and up to date resources on forex Visit. www.forexelibrary.com 1 Like |
Re: Forex Trading: How Profitable? by Toks2008(m): 11:29am On Oct 29, 2008 |
pip4wealth: That is a real fact. Asides this, greed and lack of discipline in money management is another big factor responsible for the great financial loss in Forex. I am also guilty of not adhering to strict money management rule and it has cost me a great deal of money. The truth of the matter is that if we can all imbibe the strict money management rule, we will have no problem with forex trading but most people will want to make 1000usd a day with 1000usd trading capital, Haba! The best money management rule is that you place trades of risk to reward ratio of 1 to 3 and risking just 3 percent of your capital. Many people open a trade without using a stop loss that is commensurate with the time frame thereby getting knocked out over and over again. Using lots sizes that are far bigger than your trading capital is also a big issue. If you open an account with 1000usd for instance, you are suppose to expose only 3percent maximum of that capital in any open trade which means you need to open a very small lot like 0.05 and your calculated stop loss should be equal to 3% of 1000usd which is 30usd. So lets say you are placing 0.05 lot on just one currency pair, it means you will earn 50cents per pip movement in the currency pair either to the positive or negative direction minus the spread deducted by the broker. So using 0.05lot and risking just 3% automatically means that your stop loss will be 60pips and if you are using 0.1lot, the stop loss will be 30usd Many people will place a trade with 0.1lot size with 1000usd trading capital and place 3trades at a time with stop loss of say 30pips each on 1hr or even 15mins chart just to get knocked out before the trade starts moving in the anticipated direction thereby losing 90usd jsut like that. So why not place a little lot size of even o.o3 and place your usual 3 trades using 50pips as stop loss each and you will be suprised that even if you get knocked out, you will only be losing 30usd. So lets assume you place 6 trades for the day using the perfect money management rule and you made profit on 3 and lost 3 using the perfect money management rules Trading capital 500usd lot size 0.03 First trade Buy gbp/usd take profit 150pips stop loss 50pips profit 45usd Second trade Buy Eur /usd take profit 150pips stop loss 50pips loss 15usd Third trade Sell Gbp/usd take profit 150pips stop loss 50pips profit 45usd 4th trade Buy usd/jpy take profit 150pips stop loss 50pips profit 45usd 5th trade Buy usd/chf take profit 150pips stop loss 50pips loss 15usd 6th trade sell usd/chf take profit 150pips stop loss 50pips loss 15usd Total loss = 45usd and total gain 135usd which means you have made 90usd for the day so you can see the effects of proper money management. It gives you peace of mind and sustains your capital for a very long time. Though we all know that it takes graet discipline to abide by it but with Gods help and great determination on our part, we will get there. Toks 6 Likes |
Re: Forex Trading: How Profitable? by Toks2008(m): 10:55am On Oct 30, 2008 |
Good day to you all, During my online research, i have found a very educative link on how to use the Mt4platform to trade for maximum profits and i believe this will come in handy for most of my online students who always ask me to teach them how to use the mt4 and also for intending trainees in forex trading. This will make my training simpler as you are expected to go through this using babypips as a guide while i take you on practical profitable forex trading classes. This is the link and if for any reason the link is not properly displayed,them i will give it to you in the chat room. To learn about how mt4 latform works http://www.metatrader.info/book/print/27 Thanks |
Re: Forex Trading: How Profitable? by hamlak(m): 4:45pm On Oct 30, 2008 |
Hey Guys and all the Day Traders in the house, I have enjoyed your posts. Yes most of what you said is right. The business is very risky, also highly profitable. You need education, plenty of it. Here is an on-line resources that I have been using, which anyone (the pros and beginners) will find very useful: A Free Guide To Successful Forex Trading - click below to locate; http://www.forextradingng.com All the info there is free. Hope this helps. |
Re: Forex Trading: How Profitable? by Toks2008(m): 6:28pm On Nov 17, 2008 |
Hello Nairalanders, Saw this article online so i felt it might come in handy in ecplaining what Forex trading is all about. Read on. Forex day trading is the most profitable and attractive investment opportunity because you can do it from home or office and from any country in the world. Most people from middle class make their money from investments in real estate, stock trading, bond trading, mutual funds, CDs, auction programs and various internet programs and other small businesses. They may have never heard about day forex trading, which is where multi-millionaires and billionaires make their money. Until now, you may have never known how easy it is to make fast money from forex day trading, because nobody has ever given you the correct information, as I will in this article. In forex day trading, you don't need to do any marketing or selling or internet promotion to succeed. In forex day trading, you don't need to spend thousands of dollars to do any internet promotion. In forex day trading, you don't need any stocks or warehousing. In forex day trading , all that you've to do is open an account with one of the brokers with as little as $300 or $2000. Then follow simple instructions to buy and sell the currencies. When the price of the currency is low, you buy. In a few seconds or minutes, the price will go up, and you sell it and make a profit. By so doing , in a day, you can easily make $500-$1000 by just buying, selling and trading these foreign currencies for about 3 or 4 hrs! The more money you put in your forex day trading account, the more money you can make. You can use $1 to control $200 investment in foreign currencies. $200 to control $50,000 investment. And $1000 to control $200,000 cash. And get this: You don't even have to be stuck sitting behind your computer buying and selling these foreign currencies. You can enter all your buy trades and specify the sell prices you desire and then log off. Whenever the values of these foreign currencies rise and your selling prices reach, the currencies will be automatically sold for you and you make money! If you put $300 in your LIVE "Forex day trading", you can generate a minimum of "$10 in 10 mins." or about "$50" minimum daily, 6 days/wk! If you put $1000 in your LIVE "Forex day trading", you can generate "$100 in 10 mins." or about "$400" minimum daily, 6 days/wk!! If you put $10,000 in your LIVE "Forex day trading", you can generate "$300 in 10 mins." or "$1000" minimum daily, 6 days/wk"!!! If you are very ambitious build your live account to $50,000-$100,000 account, you may possibly rake in $1,000,000 in 1 year! You can do forex day trading and at the same time keep your day job, because in forex day trading, there is no work to do. In the future when you have made hundreds of thousands of dollars, you may then quit your job and just keep doing forex day trading forever and go on permanent vacation! To understand the beauty of forex day trading Picture this: In the morning, you get up from sleep at 6 am. You go to your bathroom and have your shower. At 7am, you hurry and eat your breakfast. At 7.20 am, you login into your forex day trading account on the internet and spend 10 minutes to buy about 3 or 4 different currencies, [for example British Pound, Euro, CHF (Swiss Currency) and Yen (Japanese currency).] You can specify the price at which you wish to sell each currency. Then you can log off. By 9 am, you're at work in your office or business place. You do your job as usual and by 5 pm, you're finished and heading home. When you get back home around 6.30 pm, you login into your forex day trading account to see how much money you've made. Holy Molly, there in your account it says you have made $750! "Is this for real?", you wonder� Yes, it is. (Your eyes are not deceiving you�) $750 in a day for just clicking your mouse twice and doing no work? (Whereas at your job, you work 8 hrs, but make only probably $150, ) This is how easy it is to make money from forex day trading. But before you use real money to open a live forex day trading account, you have to open a free trial (demo) forex day trading account and practice first, to understand how it works and to acquire the right skills. This free demo (trial) forex day trading account (forex simulation trading) will help you to reduce a lot of risks that can lead to loss. In forex day trading, you can choose how much money to invest, how much money to make and when to make it. You can make money daily, 365 days all year from forex day trading. Your computer can be transformed into a personal, home "ATM" machine that cranks out cash for you daily (without large investment or hassles) from forex day trading. In forex day trading, you can choose what type of risk you can manage, when to invest and when not to invest. In forex day trading, you're the boss. You may do as you please. When forex day trading is compared to other investment programs such as stock trading, bond trading, mutual funds, real estate and regular business, it is evident that forex day trading is the fastest and greatest way to make money in the world. Forex day trading is a 2.5 trillion dollars daily business and it is larger than all the stock trading in the world combined. These are some of the reasons why I believe that forex trading is the fastest and best way to create fantastic wealth. Perhaps from reading this article you'll now come to know why forex day trading is the secret behind the greatest wealth on earth and why it has been kept hidden from the average people of the world and therefore little known to the masses. May these forex day trading insights open your eyes to the possibility of infinite wealth and success that can be yours from forex day trading. Please feel free to print or publish this article anywhere and read and also send to your friends and well wishers and please preserve the author's resource box below. Warmly, Ikey Benney 1 Like 1 Share |
Re: Forex Trading: How Profitable? by osky: 12:17am On Oct 31, 2010 |
Has anybody tries PAMM acount or ZULUTRADE account and has good result ? kindly share the good news here, for nairalanders God bless us all |
Re: Forex Trading: How Profitable? by hassan123(m): 1:19pm On Dec 01, 2010 |
I am a referral to some forex brokers who give me credit for referring traders to them. I need forex brokers to sign up with these brokers. We'll credit you with some dollars and you start trading immediately with them WITHOUT DEPOSITING ANY MONEY. You withdraw your money easily without hassle.You start trading with them the same day. You are receiving $$$ bonus. I'll just charge you 1,500 naira for expenses on my part, like scanning, etc. After that, you are credited with funds to trade with. If you are interested in signing up with them, please, call 07043268090 or email kconsult123@yahoo.com. |
Re: Forex Trading: How Profitable? by libertyinc: 3:43pm On Dec 30, 2011 |
[color=#000099]Hello Nairalanders,i am a forex trader and an agent for FXWEALTH,a proposed forex brokerage about to commence opeartions before the end of first quarter of 2012.It is a joint venture company about to be registered in canada and made up of seasoned professionals in the forex industry. We have a proposed trading policy which we want to share with would-be clients: old traders, newbies, white label/IB and the likes.PLEASE IF YOU ARE INTERESTED or YOU HAVE QUESTIONS,SEND A MAIL or BLANK MAIL to fxwealth2000@yahoo.com or mentor_forex@yahoo.com. Forex Trading is Real and Its Very Serious Business NB:THIS IS ONLY FOR SERIOUS-MINDED PEOPLE. |
Re: Forex Trading: How Profitable? by Topeby: 10:56am On Jan 09, 2012 |
Forex trading is profitable but it has to be managed well especially by people who have being consistently in making profit monthly over many years and that are credible, trustworthy and strong in risk management. You can check this website. It will highly be of help: www.banking.FireInWebspace.info |
Re: Forex Trading: How Profitable? by odimayomi: 7:05pm On Jul 24, 2012 |
how |
Re: Forex Trading: How Profitable? by accuratefxpicks: 4:33pm On Oct 01, 2012 |
YES FOREX TRADING IS PROFITABLE,PLS THIS IS NO SCAM AND IT IS A FREE SIGNAL SERVICE. CHECKUP OUR FACEBOOK PAGE http://www.facebook.com/pages/Accuratefxpicks/362485000501894 AND FOLLOW US IF YOU WANT TO MAKE SOMETHING FROM FX,AFTER ALL ITS FREE.THIS IS AN EFFORT I HAVE BEEN WORKING ON FOR CLOSE 3YEARS,I DECIDED TO SHARE IT ON NAIRALAND.I HAVE DECIDED TO GIVE OUT THE SIGNALS FREE.YOU SUBSCRIBE TO GOOGLE SMS BY OPENING A NEW GOOGLE EMAIL THEN SEND YOUR EMAILS ADDRESS TO accuratefxpicks@gmail.com.I WILL BE SENDING OUT SIGNALS DAILY AS THE MARKET PROGRESSES WHICH YOU WILL GET VIA SMS TO ENABLE YOU ENTER TRADES.ITS TOTALLY FREE.YOU CAN CHECK UP OUR TEMPORARY WEBSITE ON http://accuratefxpicks.mocality.com.ng/forex-signals.THE ESSENCE OF YOUR SUBSCRIBING TO GMAIL SMS SERVICE WHICH IS FREE IS SO I CAN SEND YOU THE SIGNALS WHICH YOU CAN RECEIVE ON YOUR PHONE AND ENTER THE TRADE(S) ON THE SPOT.PLS AFTER SUBSCIBING TO GMAIL SMS ON YOUR GMAIL ACCOUNT SEND YOUR EMAIL TO accuratefxpicks@gmail.com SO THAT YOU CAN KEEP RECIEVING THE SIGNALS.PLEASE KINDLY NOT THAT I AM NOT HERE TO DUPE ANYONE AS PEOPLE MIGHT THINK.I JUST SIMPLY WANT TO ASSIST.ON OUR FACEBOOK PAGE I HAVE POSTED ALSO SCREENSHOTS OF TODAYS TRADE.PLS YOU CAN CHECK WHEN THE SIGNALS WHERE SENT ON THE FB PAGE TO SEE IF CORRESPONDS WITH THE SCREENSHOTS.
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Re: Forex Trading: How Profitable? by Nobody: 4:23pm On Dec 03, 2012 |
You dont have to be a Pro to trade forex anymore. With Etoro forex broker,You can profit by copying from pros.Is as EASY as ABC. See the best top world forex trader,Copy from them with just a click.then sit back and watch your profit grow. Etoro social trading is the best social trading platform that can make you a Nigerian Millionaire within a short period.You dont have to have a computer to use Etoro as Etoro comes with mobile trader thats gives you the option of trading with your mobile phone.You can try Etoro for free with virtual money. Click on the link below to read more and register http://www.etoro.com/refferal.aspx?RAF=2458119&SubAffiliateID=Mail&LanguageID=1 |
Re: Forex Trading: How Profitable? by bobidinc(m): 6:09pm On Jan 09, 2013 |
@ Toks2008 this is very informative and educating. i have just sent you an email and i'll be glad to read from you. my email is odusogatosin@gmail.com Toks2008: |
Re: Forex Trading: How Profitable? by Chidismart: 1:52pm On Jun 03, 2013 |
[b]Make Money From Home Trading Forex: Top Tips For Forex Trading Success [/b]You can make money trading forex. There is no reason why you should not. Many have told their success stories. You too will but you have to learn tips to be successful. Visit http://bsmartforextradingtipsnigeria..com/ for forex trading tips. Let us know how helpful you find our tips by leaving your comments! |
Re: Forex Trading: How Profitable? by instaforexngr(m): 7:29pm On Sep 27, 2013 |
aaa |
Re: Forex Trading: How Profitable? by lakibaba(m): 11:12am On Sep 20, 2014 |
Hi Peeps, I'm a forex expert and i guarantee 80 PERCENT of your capital investment monthly.i have space for few clients this month.For proof of track record i have trade statements you can see.i don't take any part of your profit,i make my profit by making over 80% of your investment monthly.You get your pay out monthly.You have full access to your account.After signing a disclosure i proceed to making money for you and for me. Minimum one month try out investment is $200.I will make it $360 IN JUST ONE MONTH and then after the first month minimum investment becomes $1,000.If you are interested in more details contact me on mikedmoney@yahoo.com Cheers! |
Re: Forex Trading: How Profitable? by REUBEN010(m): 4:02pm On Sep 20, 2014 |
Hello house. Pls I need to know if the forex demo trading requires internet access. |
Re: Forex Trading: How Profitable? by Kirinwa: 5:34pm On Sep 20, 2014 |
REUBEN010: Hello house. Pls I need to know if the forex demo trading requires internet access. Yes, it does. |
Re: Forex Trading: How Profitable? by naira0(m): 5:11pm On Jan 23, 2016 |
Toks2008: I have heard a lot about FOREX. Please, your advice and info will be appreciated. Here's my email address: talk2ii@yahoo.com |
Re: Forex Trading: How Profitable? by Toks2008(m): 5:49pm On Jan 23, 2016 |
naira0: If you cant take it slow please forget online fx trading but if you are ok making 10 to 20% of ur invested capital monthly then u are welcome. xall 08023146046 1 Like |
Re: Forex Trading: How Profitable? by icycool768(m): 12:58am On Jun 12, 2018 |
Here is a list of the best forex brokers. Find out if your broker is included in the list. http://www.thesearcherslist.com/2018/01/best-forex-brokers.html |
Re: Forex Trading: How Profitable? by icycool768(m): 1:28am On Jun 16, 2018 |
For those who are looking for rebates you can find them here. https://www.thesearcherslist.com/2017/03/top-best-ecn-forex-brokers-lowest-spreads.html |
Re: Forex Trading: How Profitable? by Nnamz(m): 8:37am On Jul 26, 2018 |
Toks2008: |
Re: Forex Trading: How Profitable? by Nnamz(m): 8:42am On Jul 26, 2018 |
Are you a criminal? Toks2008: |
Re: Forex Trading: How Profitable? by Toks2008(m): 11:55am On Jul 26, 2018 |
Nnamz: Lol! Don't mind the guy...i was only quoting an article...i did not write that. |
Re: Forex Trading: How Profitable? by ayommy12: 1:50pm On Jul 26, 2018 |
Toks2008: Hi Toks2008, I sent you a mail a while ago (today) to diamondfieldng@yahoo.com but the mail reversed, I later sent to cutekorede@hotmail.com and it did delivered, I await your reply please. God bless your day |
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