Done, sync already.

samfelly:


Our ghost traders still remain Oluwayemipeter and Adesewa22. Disqualifications are imminent if no one come forward to answer those usernames., respectively. Although, Oluwayemipeter has taken trades on his/her account, except for Adesewa22. One thing is certain, alternate accounts full this in-house Sit Up challenge. Anyways, I pray make 'them' professionally pass their main account and the alternate, as well. We'll be happy with them.

Adesiku , you no go like share with us how you take discover fta?

Taovilla, Tenifayo23, Wealthlifters_edd1e (Eddie), Ponda007 (Pondabrown), and Hussein8_hussein11 (Hussein8), please, kindly sync your trading account, properly, on fxblue. The No Data will not be accepted after next week ends, sirs

Donsheddy:
10k Phase 1 completed 🕺🕺🕺

Congrats, more wins.

What's this?

DigitalyYours:
🤔🤔🤔🤔

Congrats boss

GabsonFX2:
.........General Information.......

Some of the good-hearted and curious guys here were disturbed when I posted losing trades, but I replied to them with information about my sound risk/money management skills; or maybe I should not be posting losing trades sef. I asked them to look at my margin level %, this is the no. 1 thing to check if you want to fully understand where one is at based on risk/money management.

Now I have come up with my stats on the $100K account that was completed today. I have now posted both phase 1 and phase 2 stats: Since the challenge (both phase 1 and 2) have been completed, I want you to now focus on my maximum recorded loss and compare it with the current result, win rate, probability, etc.

PS for FTA: Learn to unlearn, learn, and relearn; not every time you come here to pick whom to fight, there are some solid/strong business-minded people here (money-making mind), so don't be a distractor, time waster, destiny waster, goal destroyer.

A word is enough for the wise.

karkinase:
I need to develop a model where risk management, psychology ,slippage and emotions are kept constant.. got lot of work on this grind🏄🏻
Watchout for Karkinase mathematical modeling

Einstein model

realone12:
competition wey just dey start, person don hit 60%

how are we suppose to compete with this guys?

Nawa o

So soon, that guy go don dey chill now.

hassan50:
Even life itself na risk,man got to do everything to survive

It is more riskier to not take risk.

Elliotwaveforec:

Na so, indices all the way! Fundedengineer.

Good one, keep going.

Emmizay12:


Forex in my opinion is pure betting,,

Forex is pure gambling, the only differentiator is that a trader can control his edge, whereas a gamblers edge is controlled by the house

It isn't, when there is a good knowledge about the forex market you will have an edge.

Fibonacci88:
First withdrawal on my 5k acc with 5ers. Placed withdrawal yesterday and got credited this morning. Very reliable firm that has stood the test if time almost as old as ftmo. Perfect trading condition with good spread and no unnecessary slipage. With as low as $39 u can get a 5k acc. Thier customer service is also outstanding

Congrats.

Riverrun:



See the two senerios that shows how an account size with $100,000 starting balance works for;
(1) balance base
(2) equity base
Where the daily drawdown is 5%.

Note that the starting balance can be any amount. For this explanation, we have chosen to use $100,000 as our starting balance.


(A) BALANCE BASE:

Day1; for your $100,000 account, your daily dd limit would be $95,000. Meaning, for that day;

i) if you are in a loss trade and your $100,000 account gets to $95,000 and below then you have hit your 5% daily DD limit.

ii) if you are in a profit trade and your hit $105,000 and above you have expanded you daily DD limit. You now have more money to play with for that day (Note this is not so in equity base).
for you to hit daily DD would only be when you loss all your profits for that day and the account continues to go down until it reaches $95,000.

iii) if at the end of the day1, you ended in profit. Let's say $107,000 then for day2 your daily DD limit would be $101,650.
(How? See how.
5% of $107,000 is $5,350.
So 107,000 - 5,350 = $101,650).

iv) this calculation will continue at the end of everyday just as the market rolls over into a new day taking the account/equity balance (whichever is higher when the market rolls over) in consideration.



(B) EQUITY BASE :

Now everything above is same in equity base except number (ii) above.

In equity base, you account is being trailed with the 5% daily DD on every positive price movement above the $100,000 starting balance. Example

Day1; for your $100,000 account, your daily dd limit would be $95,000. Meaning, for that day;

a) you enter a trade and price movement made your equity $105,000. if price retraces back to $100,000 that same day then you have hit daily DD limit.

b) you enter a trade and price movement made your equity 106,000. If price retraces to $101,000 that same day then you have hit daily DD limit. You don't have more money to play with as balance base provides

c) you enter a trade and price movement made your equity $103,000. If price retraces to $98,000 (not even $95,000) that same day then you have hit daily DD limit.

d) to survive in this kind of market you have no choice than to use a more reduced lotsize that can contain those price retracements to avoid hitting daily DD.

Nicely explained.

I don't think this will be the last of this firms, i mean if people are panicking about purchasing prop firms challenge accounts then it may have an impact for a short while.
Also the other prop firms owner just like the MAVEN ceo is doing trying to calm down the situation.

Donsheddy:


No issues....
When you start being active you can qualify for the price....
But last month you didn't meet the criteria and same as your supposed twin brother....

You and your twin need dey active to win prices in future competitions....
No hard feelings

Alright bro.

Donsheddy:


I think its clear you have to be active user to get this price.....

Hussein11 ( Hussein8 ) #

Hassan300 ( Hassan50 )

IsrealArinze ( Hateshit )

This three only appear during competitions and are not active on FTA.....
If everyone is cold and only appear during competitions FTA would have been closed down....
And if inactive users benefits from the competition..... The aim and goal of the competition is already defeated

I know, I haven't been active but now I'll be more active here.

Donsheddy:


How come this account was created 7 days ago....
Even the other account isn't active on fta

yes, it's a new account, my old account had issue, I've known about FTA about two years ago but wasn't active then. Besides i told infofirst about it. So don't think that it's a two account by one person.

Jameselias:
Could this be true

Every successful trader is a product of 5-10 years of hard work, failure and experience.

Very true, consistency and determination are the key to a successful trader.

Donsheddy:


Hmmmm

I told him to post it for me, i was not able to make a comment on the thread but now I've been given access.

karkinase:
Seems MFF might be gone and forgotten.. don’t see them coming back.. anyways prop firms are like a bubble and seems we might have reach the peak. Remember they are means to an end and not an end itself.

So the outcome will be they will shutdown operations or?

Nice one, looking forward to this month.

OfficialP:
I have a lot to say, but without evidence it will make no sense.

By Gods I will be dropping weekly updates as one of the competition equirements


I have also decided to drop updates on the challenge account I was gifted

Last two weeks I was almost through with phase 1 before something happened, but that's part of the scars that's makes a star.

. May September be good to everyone of us.

Happy New month @ all

True, but are the infrastructural in place for the youth to harness them into farming?

MadamExcellency:
Why are Nigerian Youths not interested in farming.

Every of our AI and technology are all about money collection and transfers. Why are there no developments in farming and food technology? Nothing in medical sciences and Electricity generation.

We should concentrate less on singing and dancing to solving our existential problems.

Arsenal vs Manchester United.
The match is sure to be a cracker....
What's your take guys!

Really! He's not in form.

budaatum:
https://www.instagram.com/p/CvZ_38EMzDW/?igshid=MTc4MmM1YmI2Ng==

The Nigerian cricket team is gradually growing.

Still in the England squad.

African leaders

He's not wasting time already.

We just hope it will get better.

Good evening, I'm new here,glad to be here.