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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts: Season 21 (338440 Views)
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Re: Forex Trade Alerts: Season 21 by samfelly: 4:48pm On Aug 10, 2021 |
dennison4luv: Bro, pipe down. If I may ask, how long have u been into FOREX? AND HOW MUCH HAVE YOU BLEW UP? Did I mention, I have BLOWN more than a $1,000 since I embraced Forex by April, 2020? I'll encourage, if you have a strategy, already, to work on PATIENCE and DISCIPLINE. I lacked those two before I came to NL FTA and after getting disqualified, recently, in its contest. But right now, I am beginning to see the beauty in Patience, Discipline and Stop Loss I'll tell you dis for free, again, if you do not work on those two qualities above, you might still fail with a Prop. Firm Account dennison4luv: If you trade $100 or $200 personal account with our TWO FRIENDLY QUALITIES, you will see that nothing is IMPOSSIBLE Let me just mention dis now; I once funded my account with $63 and grew it to $470 in one day, but since I lacked those two qualities, I blew it, AGAIN! To crown it all, Market No Dey Run Go Anywhere - You and I Meet Am Here, We Go Still Leave Am Here If Netvaluefx can make a PROFIT of 8k plus and withdraw, u no need 2 heads 3 Likes 1 Share |
Re: Forex Trade Alerts: Season 21 by BrightFuture48: 6:16pm On Aug 10, 2021 |
GabsonFX:Am seriously considering this model of TCF but when I compare it with BuoyTrade Direct model, am kinder lost. While both have their pros and cons. Am thinking that Buoytade direct seems a little better that TCT $12500 model. In buoytrade direct you only pay $68 (N34k) for $1000 with Max DD of 5% and profit target of 10% (50/50 profit split) and your account would've scale up double to 2k ,then again to 4k ....8k up-to 1M every time you make 10% profit without paying for any monthly access or recurring fee and no time limit to meet up with the target. And for a faster scale up you could do that every time you achieve 5%. So in your opinion which is seems good deal here? They pretty have same leverage 1:5/6. 1 Like |
Re: Forex Trade Alerts: Season 21 by dennison4luv: 6:33pm On Aug 10, 2021 |
samfelly: December will make it 2 years since I took forex trade serious. Honestly you have not lost any thing compare to what I lost last year and early this year. I have fund my account with $850,$750, 650, $430, $210 And $100 many times I have even lost count on that, I have grew $76 to $680 and I have grew $100 to $950 in 3 days and lost it on the 4day, i have been able to withdrawn close to $1000 since I started trading . The money that I collected from federal government as a loan for covid19 #475000, I lost all in forex trade last year. But I have advanced a lot than last year and early this year, atleat you can attest to that in our competition. No body is taking away patient and discipline in forex trade. But if there is a way you can grow fast with patient and discipline why not do that. ""Its only Africans that brags with suffering"" If you fund $100 and you give urself a target of 10% (this is very hard for you to do as a human) in a month because of patient and discipline. And you registered with a prop firm with $100 and they give you $10000 to trade with and take 50% profit. you give your self a target of 10%, which is $1000 and you take 50% of the profit which is $500. At the end of the month tell me which of the 10% is more achievable with discipline and patient Please let's not brag with suffering. 5 Likes 1 Share |
Re: Forex Trade Alerts: Season 21 by Nobody: 6:59pm On Aug 10, 2021 |
This really took me some time to decide. They are both good. This seems better BrightFuture48: 2 Likes 1 Share |
Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 7:33pm On Aug 10, 2021 |
dennison4luv: For once, I agree with you. Just this once 1 Like |
Re: Forex Trade Alerts: Season 21 by Nobody: 7:36pm On Aug 10, 2021 |
@Feshizzy, you were faster I was about to give kudos to his (dennison4luv) writeup. Thanks so much, dennison4luv for that writeup - many have silently returned to shell for this....loser but still filled with pride. 1 Like |
Re: Forex Trade Alerts: Season 21 by ogashman(m): 8:07pm On Aug 10, 2021 |
samfelly: I'm in on this 2 Likes |
Re: Forex Trade Alerts: Season 21 by abham: 8:10pm On Aug 10, 2021 |
Abeg novice like me whe no sabi left from right fit join the contest or I still have to learn more before joining. 1 Like |
Re: Forex Trade Alerts: Season 21 by CopyJoe: 8:21pm On Aug 10, 2021 |
Currentprice, GabsonFX, Infofirst. Respect these bosses abeg. Definition of consistency. 1 Like
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Re: Forex Trade Alerts: Season 21 by Donsheddy: 8:53pm On Aug 10, 2021 |
Truth is if you know you're good in trading.... Prop firms will make your work easier..... If you want to live the forex dream prop trading is the way...... 2 Likes |
Re: Forex Trade Alerts: Season 21 by femora007(m): 9:51pm On Aug 10, 2021 |
GabsonFX:I prefer the 1st option even though it's monthly subscription. The 5% dd for this 2nd one is too low. I have a question about the dd after getting funded. Does the dd reset after each trading cycle, like maybe monthly or biweekly or after each acct scaling? If no, the accumulated dd over a long trading period will eventually reach the % dd limit set in the rule which I don't think its fair. Someone should enlighten me 1 Like |
Re: Forex Trade Alerts: Season 21 by dennison4luv: 10:23pm On Aug 10, 2021 |
Feshizzy: Please don't agree with me,,, but if you want to agree with me pay my $84 subscription fee 3 Likes |
Re: Forex Trade Alerts: Season 21 by samfelly: 12:05am On Aug 11, 2021 |
dennison4luv: Hmmm. I am simply dump founded after seeing (d bolded) what you said you have lost. Come to think of it, Covid19 loan money even join with those numerous lost. But, bro, you get mind o. Pressure go full your head now o, if u reason how u go take pay Federal Republic of Naija back when dem come knocking. Of late, I dey contemplate selling my Golf 3 Wagon, wey I take dey do taxi, to take fund my account with $1,000 and have rest of mind and freedom to trade PROPER, but liver still dey cut me - like what if I blow it! So, dey small small N10k, N15k, from taxi work at month end, I take dey fund, so far, till today. Ah!!! I have to give it up to you, again - You Get Mind! Anyways, I don't know what to say again other than E Go Beta 2 Likes |
Re: Forex Trade Alerts: Season 21 by iamehmakute(m): 12:16am On Aug 11, 2021 |
dennison4luv: You've earned my respect sir. @gabsonfx I like you selflessness, more wisdom and blues to you sir 2 Likes |
Re: Forex Trade Alerts: Season 21 by samfelly: 12:17am On Aug 11, 2021 |
ogashman: No qualms, everyone will be notified when the bosses tell me to open the doors 1 Like |
Re: Forex Trade Alerts: Season 21 by Fxwarrior: 4:46am On Aug 11, 2021 |
Xauusd Sell gold 1734 Stoploss 1739 Target 1722 1 Like |
Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 5:33am On Aug 11, 2021 |
So another prop firm to look into would be "funding talents" |
Re: Forex Trade Alerts: Season 21 by Nobody: 5:55am On Aug 11, 2021 |
Donsheddy:Over time these prop firms will pack up because good traders will keep joining them. What they basically do is use money from failed challenges to pay people making it. Considering that 95% fail without restrictions, more will fail when there are restrictions. They are an advanced Ponzi scheme. They don't give a dime for trading. The only prop firm that gives real money I know is Bouy trade and their evaluation is three phases. The real prop firms make you pass through rigorous tests and exams and doesn't need your money to know if you are good. They basically employ you as a staff. 1 Like |
Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 6:09am On Aug 11, 2021 |
NetValueFX: I have a different view of these, The accelerated option you pay a fee like say 100 to get 10,000 with max DD of 10% which is 1,000 before they pull the rug. And you must have a certain % profit each month else you pay another subscription fee to refresh your account. If there's no loose. For events of lose, max is 1,000, remember they have other good traders, so when those ones manage to make 1,000 it covers for the losers, they will still be in profit because the amount they lost will be 1,000 - 100 you fee so that will be 900 loss. So in the end of the day, they will either Be on profit or BE, and when a certain trader wins consistently they keep giving such trader more equity to trade. So at the end of the day. They might not loose in the long run. 1 Like |
Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 6:14am On Aug 11, 2021 |
samfelly Please could you create a parallel challenge for demo as well? After that, it should be open and we are good to go. About this : Performance is measured from the first equity figure published by your trading software after the competition starts to the last equity figure published before the competition ends. Is it possible to set the performance to be measured from beginning of this year? Since its a yearly challenge thing. To join, is it the trader requesting, or the organiser sending invitation? If possible requesting would be better to ease the stress on you, Once the request carries a username name similar to NL username 2 Likes |
Re: Forex Trade Alerts: Season 21 by Nobody: 6:37am On Aug 11, 2021 |
Feshizzy:Bro, I know prop firm is a good thing. Personally I pray it stays for a very long time. At least all those losers that brokers eat alone can now be shared with the winners. Even the CEO of Funding Talent once came out clean to say that they don't give nobody any money. They just pay from failed challenges. 3 Likes |
Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 7:08am On Aug 11, 2021 |
NetValueFX: I heard ftmo said same thing too, Anyway, Na just to try am and always Cashout regularly, Incase of any misshapen 2 Likes |
Re: Forex Trade Alerts: Season 21 by Nobody: 7:36am On Aug 11, 2021 |
Feshizzy:Sure. Keeping money there is counter productive. 1 Like |
Re: Forex Trade Alerts: Season 21 by samfelly: 7:50am On Aug 11, 2021 |
BUY XAUUSD NOW! And, I hope this SL is tight o! For once, make I still leave my winning trades to run for 5 hours, too. If e no Long for that 5 hours, make SL hit! All 'dye' na 'dye' PS: May Day, May Day, Wrong call. SL hit! I repeat, SL hit 1 Like
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Re: Forex Trade Alerts: Season 21 by samfelly: 7:54am On Aug 11, 2021 |
Feshizzy: Okay, sir (salute). Lemme get to work on dem. As for the bolded, A will be good, but when we see any whose Username doesn't tallies with FTA NL moniker, we will beg him/her to exist, edit and re-join (by then, it will become B, cos we would have Locked It after we are certain everyone have joined to guard against non-FTA intruders 1 Like |
Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 8:50am On Aug 11, 2021 |
samfelly: A is wonderful and stressfree, B might be stressful because you have to then send like an invitation mail which on NL is not always a direct process. I believe if possible it doesn't need to be locked, Even in December 1st anyone can join, so long fxblue can sure the performance on the account through out the Year. Well done, you have done very well. Best Regards 1 Like |
Re: Forex Trade Alerts: Season 21 by Donsheddy: 9:11am On Aug 11, 2021 |
NetValueFX: Bouy trade is a partner of ftmo so.... Truth is prop firms won't fail.... The earn when you make profit and also earn when you lose there challenge..... Myforexfunds is another prop firm that gives there traders real live account.... I don't think prop firm is packing any time soon.... 1 Like |
Re: Forex Trade Alerts: Season 21 by Donvic4u(m): 9:52am On Aug 11, 2021 |
Donsheddy: I concur, that's why prop firms are poping up everywhere 1 Like |
Re: Forex Trade Alerts: Season 21 by CopyJoe: 10:26am On Aug 11, 2021 |
Gold buy limit 1730.45, Sl 1723 1 Like |
Re: Forex Trade Alerts: Season 21 by Nobody: 11:27am On Aug 11, 2021 |
NOTE: this is a long one...In-depth analysis I have been looking through this since yesterday and I think I will completely ignore these guys: BuoyTrade. The following are my rationale for my conclusion. 1. They allow 5% DD (see attached Buoytrade objectives), that's not the problem, but on an extremely low capital ($1000), that's the problem. What that means is that you are not allowed to lose more than $50. This is how I choose prop firm: What this $50 max DD means is - Buoytrade provides you with a $50 trading account and not the vague $1000 stated (don't be deceived). 2. How can I be that stu*pid to pay $68 ONLY to get a $50 trading account with the enticement that I will scale it up....that's dumb. Why don't I just add more money and join a broker and grow my account with them. 3. They make it worse by saying you can scale up only after you make 5% profit without a single withdrawal: that's stup*id again, so that means I pay $68 ONLY to get a $50 trading account and then I have to double it, make $50 profit - that's 100% profit. After that, you don't withdraw it cos it's not your profit yet so you can scale it up. So they expect their traders to make 100% profit and not withdraw their profits before scale OR I have to make 200% or triple the $50capital if I like to withdraw then scale up. The question is, how many people double or triple live account? Next question is: how long does it take people to double an account without blowing it next. So these guys expect that I should trade 1year with them before I start to make money and withdraw. I would rather stick to a broker with my money ($50 with high leverage OR high capital low leverage) so I can be making withdrawals every month. These guys are not smart but they think they are...unfortunately, a lot of people will not succeed/excel joining them. Their goal is to attract ignorant traders to milk them and expect that those that scale up eventually blow their account in the nearest future. Conclusion: I run. BrightFuture48: 4 Likes
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Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 11:48am On Aug 11, 2021 |
GabsonFX: I don't think any prop can give a 50 usd trading account, No matter how bad they are. Thus defeat the purpose of prop the first place You pay 68 usd to get a 50 usd account, Bros small small, It doesn't even make one sense at all. The worst the could do if give you a demo account 3 Likes |
Re: Forex Trade Alerts: Season 21 by ekesoft(m): 11:51am On Aug 11, 2021 |
Feshizzy: Stating from their rules, that’s literally what they are doing ... $50 ... that’s 5% of $1000 .. loss it and that’s it for the account .. simple logic lol 4 Likes |
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