"FOREX" - Are people really making steady money?

The rate at which people talk about FOREX has reduced drastically. This is due to the number of people that have been "burnt".

Or perhaps those making the money are not talking about it.

What do you guys think? Cos I intend to trade forex.

Yes, there is money in Forex, but you have to learn the skill and strategy, the problem in Nigeria at a time was bc Naijans once viewed it as make rich quick scheme,where you screw every time and make cool dollars,

Doing it my own way, slow and steady, it has become so joyful, If I have any thing to bequeat to any 1, I will say forex, Teach a man how to fish, Heaven of wealth

HELLO GUYS FOREX IS A BIG DEAL, IT PAYS WELL, BUT RISKY, BETTER FOR U TO HAVE EXPERTS CALCULATE THE PAIRS AND SEND U TRADE SIGNALS.

invest2009:

My PAIN
All Nigerian that called themselves FOREX trader, guru, expert e.t.c are nothin but bunch of craps, sorry to say so but that is the TRUTH.

You are FREE to challenge me if you can, I will hold a 100% FREE Training for all FOREX TRADERS not NEWBIES on how to make money and make more trading 2 to 5time a week.

My STRATEGY:
1). I spend less than 1minute anytime I trade with good profit
2). I use 3 tools which I will show you
3). I trade 100% Fundamentals (News Trading)
4). I don't xperience Re-quote, Slow trade execution (Please wait on MT4)
5). I HATE technicals analysis.

My VISION
2 out of every 50 forex trader make it in forex, if all Nigerian are all making money in forex, FOREX money no fit FINISH, lol. I will hold a seminar to teach what I love doing since when I was 19yrs but am 24yrs now, don't tell any one.
Do I have sweet mouth? NO, because I want to offer the training for FREEE.

I can show you the way!! If u want.

***** Please !! This is for REAL forex traders, I mean FOREX GURU because am not ready to teach you what is pips, spread, leverage and how many pips make $1million.

His SHAME
I trained someone 1months ago begging me that He has no money but after 2week, I saw his advert on SUCCESS Digest offering forex SEMINAR for N50,000. woow. Nigeria, lol. He called it forex CRUSADE and also duplicated my SOFTWARES for people.


Non TRADERS:
If you are willing to invest in FOREX, open a LIVE account for yourself with our preferred brokers and we have someone to manage for u in our trading floor. T & C applies


080 20 99 88 55

My STRATEGY:
1). I spend less than 1minute anytime I trade with good profit
2). I use 3 tools which I will show you
3). I trade 100% Fundamentals (News Trading)
4). I don't xperience Re-quote, Slow trade execution (Please wait on MT4)
5). I HATE technicals analysis.

From your post i can see that you are a scalper using only fundamentals. Well the only draw back is that you will be making profits very scarcely as fundamental factors are hard to come by since very few news release affect currency pairs.

Try to broaden your knowledge by researching technicals using them for longer time frames,

But i sensed controversy in your post. If you tade news, why use softwares? Well my advice to you is to trade real forex fopr real profits.

Toks

Toks2008:

My STRATEGY:
1). I spend less than 1minute anytime I trade with good profit
2). I use 3 tools which I will show you
3). I trade 100% Fundamentals (News Trading)
4). I don't xperience Re-quote, Slow trade execution (Please wait on MT4)
5). I HATE technicals analysis.

From your post i can see that you are a scalper using only fundamentals. Well the only draw back is that you will be making profits very scarcely as fundamental factors are hard to come buy since very few news release affect currency pais.

Try to broaden your knowledge by researching technicals using them for a longer time frame,

But i sensed controversy in your post. If you tade news, why use softwares? Well my advice to you is to trade real forex fopr real profits.

Toks

You don't know anything, Who tell you am scalping? You say if i trade news, why use SOFTWARE? That means u r still learning just tryin 2 prove urself in d room.

I trade d news spike and I even enter the market some 1second b4 d spike.

Come on be matured, your out burst is unwarranted. I am only giving u an advice so take it or leave it.

If you are into fundamentals you will know too well that red flag news seldom come out and as of today, no major news release for all pairs which means you wont trade throughout today. So why are you getting hyper simply because i asked you to broaden your knowledge. As i post this right now, i am banking some pips trading with technical analysis and that is why i am advicing you so why are you taking it so immatured.

I called you a scalper and you flared but that is what you are and you confirmed it your self that you spend less than a minute trading. Haba

Please lets maintain proper decorum here.

Toks

Repent from ur technical technicity or else you may B technalised.

Toks2008:

If you are into fundamentals you will know too well that red flag news seldom come out and as of today, no major news release for all pairs which means you wont trade throughout today.

Not all Red flags are tradable and perhap ur calendar may be missin somethin good

Am Trading NZD GDP >>> 20-30pips TP for 23lots>>> NZD/USD >>> 0.2 to 0.3 deviation is ok 4 me >>> Red hot

If there is not tradedable news at all today, then I keep my money safe, If they like let them release 10000pips within 1min.


Hapi Pippin

Hi Friend,

I was thinking about your personality after reading all you wrote about forex trading and as far as i can see, you are not a Forex trader and i stand to be challenged.

I also did a little bit of due diligence on your recent posts and i got this post of yours from Banking and Finance section captioned "You will be happy after reading this, "

Here is your post

"Investing is one of the most important aspect of life for future security. Enter the new year with our fund management plan.

** Invest N2million and above in your personal FOREX account (we recommend our preferred broker)
and have it managed for you by our group of proffessional traders with minimum of 60% return on
your account every month.

NB:
*We are not collecting any money from you.
*You alone has the full access to withdrawal of funds
*We collect 40% of the profit on capital monthly.
* We share both profit and loss.

You will like it after few months of reaping from the market
trustgirl4@gmail.com

SMS Only 080 55 000 990
Call 08032500542

My Question is "Who are you?. I suspect you are s scamer and i also stand challenged.

1. How can you promise such unrealistic returns and you claim to trade only news which are basically out of your control as fundamenral news are based on the state of the economy of a given country which is not predictable.

Please we dont need scammers on nairaland and i am not apologizing on this so you may spit hell if you want. I will not fold my arms and see anyone come here and rant nonsence claiming he is a forex trader.


Be warned. And i challenge you to post a page of your trading history so we can see how you can possibly make a minimum of 60% return for investors on a monthly basis trading only news or even technicals.

.

I am too matured to trade words with you. You are a scammer. Period.

I love to share information so that is why i post useful tit bits on profitable forex trading.

Please look elsewhere for victims. You wont find any on nairaland i assure you. Mr News trader that makes 100% in Forex trading monthly.

I rest my case and dont ever expect any reply from me concerning this issue.

Toks

'Fundamentals' I would neva try cos they are hard to come by.

Talk of 'Technical analysis', you have lots of it everyday to cash on as long as you use the right combination of strategies.

Robots are wack! Can neva be as smart as humans. For instance, a robot might make 30% today and loose 60% tomorrow.

Happy Trading

Hi Everyone,

Eku odun keresi, odun ayabo fun gbogbo wa o ni oruko Jesu. (Merry Christmas and a pipsfull new year) AMEN

Hope you all had a swell time yesterday. Actually i came across forex trading business about 2 years ago but never tried it until early this year.

I have seen the bad side and the good side and after thourough self examination, i found out that greed is the number factor for failure in the business.

The truth is that with just 200usd start up capital, you can conviniently make 20usd daily with a very strict money management. Now if we are patient enough, this account balance will grow to 540usd in a month.

If you continue in like manner, you will get 880usd at the end of second month. Now with the power of compounding interest, lets take a look at this analysis taking the worst case scenario of the average daily profits you can make and leaving out two days each month assuming you did not trade pn those days.

Initial Deposit ----200USD Using a Broker that allows micro account, stating with a total of 0.03 lots and targeting 150pips per day (i.e 50pips on 3 open trades)

Month lot size daily average profit Monthly Balance

January 0.01 x 3 15usd x 20days 500usd (initial deposit + 300usd profit)
Feb 0.02 x 3 30usd x 20days 1100usd
March 0.03 x 3 45 usd x 20days 2000usd
April 0.04 x 3 60usd x 20days 3200usd
May 0.05 x 3 75usd x 20days 4,700usd
June 0.1 x 3 150usd x 20days 7,700usd
July 0.2 x 3 300usd x 20days 13,700usd
August 0.3 x 3 450usd x 20days 22,700usd
September 0.4 x 3 600usd x 20days 34,700usd
October 0.5 x 3 750usd x 20days 49,700usd
November 0.6 x 3 900usd x 20days 67,700usd
December 0.7 x 3 1050usd x 20days 88,700usd

Imagine turning a miserable 200usd into over 88,000usd in just one year. Think about doing this four three years and tell me how this will not affect your fortune.

Many seasoned trades will know that my analysis is a very conservative one knowing how much they can really make in forex daily with 1000usd balance, But lets just immagine for a second that we discipline oursekves to make sequential profits month after month.

So the summary is that we all should pray to BAba God to help us fight greed and understand that Forex is not a get rich quick business but a gradual way of buillding fortunes.



Stay blessed

Has anybody heard/used FAP TURBO system? Learnt it's marvellous.
Please, share your experience if you are trading with it.
Thanks

Brovas,

"If it sounds too good to be true, and there's no live account statement to prove, then it must be voodoo" You can make a lot of money from fx, but you need to be patient, have a good system, don't be greedy and always apply good money management. Don't risk more than 2% of your account on any trade. If you are new to the bizniz, go to school  (babypips).

tksays:

You can become a forex guru in minutes! Start your FX trading experience on an easy-to-use trading platform. Begin with a $100,000 practice account and a world class Customer Support Team will help you along. When you’re ready for the real thing, you can begin trading with a minimum of $1. Visit: http://www.avafx.com/?tag=comjun

@tksays
It is people like you that mislead new traders. You expect someone to begin with a $100,000 practice account and start a real account with a minimum of $1.

Why would you want to practise with the amount you cannot start with?

I generally agree with majority of you that hold to the believe that is much better to trade fx by yourself.

BUT WHY ALL THESE DISSING YOUR SELVES?!!
TOTALLY UNNECCESARY , But its fun!

Toks2008:

Hi Everyone,

Eku odun keresi, odun ayabo fun gbogbo wa o ni oruko Jesu. (Merry Christmas and a pipsfull new year) AMEN

Hope you all had a swell time yesterday. Actually i came across forex trading business about 2 years ago but never tried it until early this year.

I have seen the bad side and the good side and after thourough self examination, i found out that greed is the number factor for failure in the business.

The truth is that with just 200usd start up capital, you can conviniently make 20usd daily with a very strict money management. Now if we are patient enough, this account balance will grow to 540usd in a month.

If you continue in like manner, you will get 880usd at the end of second month. Now with the power of compounding interest, lets take a look at this analysis taking the worst case scenario of the average daily profits you can make and leaving out two days each month assuming you did not trade pn those days.

Initial Deposit ----200USD Using a Broker that allows micro account, stating with a total of 0.03 lots and targeting 150pips per day (i.e 50pips on 3 open trades)

Month lot size daily average profit Monthly Balance

January 0.01 x 3 15usd x 20days 500usd (initial deposit + 300usd profit)
Feb 0.02 x 3 30usd x 20days 1100usd
March 0.03 x 3 45 usd x 20days 2000usd
April 0.04 x 3 60usd x 20days 3200usd
May 0.05 x 3 75usd x 20days 4,700usd
June 0.1 x 3 150usd x 20days 7,700usd
July 0.2 x 3 300usd x 20days 13,700usd
August 0.3 x 3 450usd x 20days 22,700usd
September 0.4 x 3 600usd x 20days 34,700usd
October 0.5 x 3 750usd x 20days 49,700usd
November 0.6 x 3 900usd x 20days 67,700usd
December 0.7 x 3 1050usd x 20days 88,700usd

Imagine turning a miserable 200usd into over 88,000usd in just one year. Think about doing this four three years and tell me how this will not affect your fortune.

Many seasoned trades will know that my analysis is a very conservative one knowing how much they can really make in forex daily with 1000usd balance, But lets just immagine for a second that we discipline oursekves to make sequential profits month after month.

So the summary is that we all should pray to BAba God to help us fight greed and understand that Forex is not a get rich quick business but a gradual way of buillding fortunes.



Stay blessed

Hey bro, how are you doing I will be happy if you can give me so cool lesson on this stuff, kindly hook me up please i will be looking forward to hear from you and i will like to meet in person. ok

fxcaster:

Free signals from 2nd of Feb to 27th of Feb,

Chat with me on Y!M : fxcaster008

Signals are sent via yahoo messenger .

Happy Trading !!!!

i will talk to you later.

Here is the 21 Comandments according to forex, Read and be Blessed.

So repent, that the world will be using one currency b4 he comes again, maybe it is "Euro"

Out of every 100 forex traders after 1year, 20 are left and only 5 after 5yrs.

The market can remain irrational than you can remain liquid. "Signal guys be warned"

In forex what goes up can still go up and what goes down can go up. "Scalpers/Robots be warned"

Your loss is my win and your win, is my loss "News traders be warned"

No one can control the forex market not even foreign reserves or interest rates "Central Banks take note"

There are as many traders as there are strategies. "Brokers and tutors be warned"

There are only 2 enemies in forex. You and Your broker, the market is not your enemy cos it tends to be efficient.

There are more opportunities in the market than the money in your pocket. "Mind that demo platform"

Jesus warned you about Money/Risk management in his parables:
(a) Parable of the sower Lk8 v5 (Calculated loses)
(b) A sinful woman forgiven Lk7 v41 (Margin Accounts brokers be warned)

Man shall not leave by Currency alone, but by every word of God.

Many people ask this question? am i gambling when i trade forex, i wil say, pay a visit to the casino/poker joint and compare what you are doing.

The difference between a pigeon and a forex trader is that a pigeon can still leave a deposit on mercedise benz

No matter what you tell a speculator, he wants to be always right.

Will your prayer work when you trade forex, that is how you know if you are Gambling.

I will bless the works of your hand, dont speculate but invest, sow and yeah shall reap.

It is the glory of God to conceal a matter, but the glory of kings is to search out a matter Prov25v2 in forex your research is more valuable than your asset.

For a righteous man may fall seven times and rise again, it is not your losses that is important in forex but how long you stay in the game.

When can you fall assleep in forex? when you are hedged.

So repent, that the world will be using one currency b4 he comes again, maybe it is "Euro"

---- POSKY 2009 --------

Forex is the buying and selling of one currency against another, with the hope that it will either rise or fall. simply put its a prediction game, if you are right you make money if you are wrong you loose money. over time people have developed ways to predict the movement of these currency and sometimes its right other times its wrong.
If you have inside information you might make money, if you make informed decisions you might make money, forex like every other thing in life requires careful planning and study, it is not a game for feeble people it is serious business with high risk.

someone once said "there is no short cut to any where worth going"

@Toks2008

Thanks Bro ,
I think you really doing a great job here ,
I'm about to check the web
Keep the good job up
We love you

Hmmmmmmmmmmn interesting. Toks2008 has finally overthrown invest2009. This is what I have to say. I wont say toks is appropriately right in calling invest2009 a scalper. You can trade news on spike for minutes. I have used a software that those that. It uses hyperclicks i.e it will click the BUY/SELL button once your deviations are met else it will say NO TRADE. You can see it at http://www.secretnewsweapon.com/ by Felix Homgratus, owner of FPA.

Secondly, where I started casting doubt on invest2009 knowlege of forex is the area of trading 23 std lots ($230/pip). That is lot of money man.
With my 3 years experience, what I found out was that it is dufficult to make money through intraday trading using technical analysis. In fact intraday trading brings about the risk of overtrading which is the sister to greed, the family to emotions trading.

Presently, I am into swing trade and I am using the system of Rahul, an Asian developer at www.forexsuccessformula.com. It is good. I enter trades, give them limits and check the outcome the next few hours and some times days. I feel better with less hypertension.

You don't need to buy that course, I may give it to you but I have not decided yet. THis is getting longer than I expect, talk later


Commited to ur success
successfulhassan

well toks that's a good gesture. i also have a great signals service i'll be posting here on nairaland free of charge for a week for people to check out. lets see if yours is as good as mine.

i'll hopefully start posting next week if i find the time so nairalanders watch out!!

surveycash:


Hmmmmmmmmmmn interesting. Toks2008 has finally overthrown invest2009. This is what I have to say. I wont say toks is appropriately right in calling invest2009 a scalper. You can trade news on spike for minutes. I have used a software that those that. It uses hyperclicks i.e it will click the BUY/SELL button once your deviations are met else it will say NO TRADE. You can see it at http://www.secretnewsweapon.com/ by Felix Homgratus, owner of FPA.

Secondly, where I started casting doubt on invest2009 knowlege of forex is the area of trading 23 std lots ($230/pip). That is lot of money man.
With my 3 years experience, what I found out was that it is dufficult to make money through intraday trading using technical analysis. In fact intraday trading brings about the risk of overtrading which is the sister to greed, the family to emotions trading.

Presently, I am into swing trade and I am using the system of Rahul, an Asian developer at www.forexsuccessformula.com. It is good. I enter trades, give them limits and check the outcome the next few hours and some times days. I feel better with less hypertension.

You don't need to buy that course, I may give it to you but I have not decided yet. THis is getting longer than I expect, talk later


Commited to ur success
successfulhassan

Nice reasoning. How i wish many forex traders can understand that swing trading is the best methodology in achieving consistent profits in forex. It requires patience and eliminates hypertension.

You only need to sell at overbought and buy at oversold regions targetting at leastt 100pips using the 1hr or 4hr time frames. Thats all.

If you are interested in learning swing trading mechanical method, just add my messenger address to your chat list and be ready to open a live cents account with 50usd(5000cents). With this account, i will teach you how to swing trade with 80% consistent profits using strict 2% exposure and profit to loss ratio of 1:3 or more.   My chat id is cutekorede@hotmail.com

It is very interesting and rewarding. This offer is open to everyone even if you are new to forex, i will only refer you to babypips.com to read the theory and when you are ready for practical training , let me know.

However i would conclude by letting everyone understand that scalping the forex market can be very dangerous due to forex price action movement. Swing trading is definitely the way to go.

As regards my signals, i have decided to give only swing trading signals and i am not in competition with anybody and this goes to e-guy. My signals are random and comes only when there is a swing trading  signal and i use 4hr chart.

For instance right now you can take advabtage of the following swing trading signals.

1. GBP/USD: BUY STOP AT 14370, TAKE PROFIT AT 14555 AND STOP LOSS AT  14100
2. USD/JPY: SELL STOP AT 96.80 TAKE PROFIT AT 96.10 AND STOP LOSS AT 98.00 BUT IN THE LONG RUN THE PROFIT TARGET IS 93.10
3, EUR/GBP: CURRENTLY ON DOWNTREND SO YOU CAN PLACE A SELL AND TAKE PROFIT AT 08787 AND STOP LOSS AT 08950
4. GBP/CHF: CURRENTLY GOING BULLISH SO JOIN THE TRAIN AND TAKE PROFIT AT 16920 AND STOP LOSS AT 16540

If these signals are followed, you will rake in over 300pips in the first two days of next trading week and these signals can come just two or three times in a week depending on when the opportunities arise. Its for you to check our website to see. And we will be offering free swing  trading signals for the next three weeks.

ON THE FINAL NOTE. PLEASE BE WARNED THAT FOREX IS A VERY PROFITABLE AND VERY VERY VERY RISKY VENTURE, LEARN THE BUSINESS AND MAKE CONSISTENT PROFITS BEFORE RISKING YOUR HARD EARNED CASH.
BE WARNED

Toks

Hello once again Nairalanders,

Hmmm, well i am not discrediting the post by mcjohn only that i am very uneasy with the page he pasted above cos it does not depict an actual account history of the result he got using forex auto pilot.

However, i know that some robots work well no doubt but i still feel that it is very dangerous to put your fate on robots when you can really learn mechanical trading.

Sometimes i wonder at the way people are so adarmant as regards trading currencies because this business is not suitable for everybody. If you know your brain cannot desipher the techniques involved then forget it and look for other business to do.

The long and short of my story is that if you cant trade succesfully using your own mechanical method,then forget currency trading else you will lose your shirt.

Toks

toks toks,

you have been wonderful on this thread, its good to let them know the truth. And thats what you have just said. I dont want to get anybody confused. But i believe i have done something wonderful by at least letting people know a system that will save you of racking your brains to trade forex. Thats what i use and i feel good anytime i share it with people. If you need a copy of this software, contact me, Its free, Yes, I will give you the link to download it from the manufacturer's site. But mind you, there's activaton for the software. I can also help in getting this too

Have a nice day

mcjohn4smart@yahoo.com, 07026202326

I love this forum. With time, we will pursue all those forex infopreneur posing a active traders away from this forum becasue we will soon make it hurt for them.

This is my comment on the FAP ( forex auto pilot) issue. FAP is the best EA I have ever used. I turned a $1000usd acccount to $6000usd in 2 weeks. But I dont like it for one thing-It has a poor money mangement. How will an ea work without a STOPLOSS. Marcus Leary, the owner of FAP claimed it has an internal smart SL. Please, let him tell that to newbies.

I dont have a single iota of doubt on the account history of mcjohn. That is typical of FAP. Yes. It gives beautiful account history. My only disagreement withthe history is the TP are not consistent. The traditional TP for FAP is 20 pips though you can adjust it. If you adjust, why using inconsistent TPs. Does he (mcjohn) adjust it every minute include the lot size?

I also tender to, with all due respect, diagree with the issue of sharing the software. It has an activation that once you activate, you will be given a unique number that you are to insert as key in the FAP settings. This number is unique and can not be used on different servers.

But if there is a way around it, mcjohn, I cut cap for you and I will like to know how.

Dedicated to your success,
successfulhassan

Your comment is good, it shows you have used the Fap system. It truly have activation codes that only work on a system, and cannot be shared. But the goodnews is, i will help anybody that needs it get a copy and send its activation code to him/her.

if anybody is interested, lethim/her contact me in the contact details above.

@toks2008

pls, like to contact.can you reach me. my contacts are under my signature.

cheers.

Hi Guys,

So unfortunate that i and my neighbours occupying a six flat apartment were robbed at gun point in the early hours of sunday the 1st of march. These dare devil robbers came in through the small window of our gate man and tied him like a cow and later came in and dispossess us of valuables and cash.

Valuables and cash worth over 400k was taken away from my apartment which includes my laptop computer, my zoom internet usd moderm and so many other things.

I am using a another laptop now but i will need to retrieve all my data which will take some time and i am also resetting my charts and trying to pick my trades from where i left them. So unfortunate.

Anyway as regards my contact y, i will give you but please note that if you are contacting me for training, you will need to go to babypips.com/school to first and foremost aquaint yourself with the rudiments of trading cos i dont have time for those theories, i train practical for the first month without risking any dime and in the second month, you will be trained with real cash which is 50usd in cents(5000cents) account on lieforex platform. With this, you will learn proper money management and build your trading character.

Add cutekorede@hotmail.com to your chat list then lets get started.

Toks

@Toks
My heartfelt condolence to u & ur guys
They think they hv hurt u, but its more and more sorrow to their[b] Misery.[/b]I & members of the house wishes u a quickest recovery

Aluta!!!! Continua, victoria ascerta.
You are more than them.

Hello all,

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