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Forex Trade Alerts: Season 21 - Business (223) - Nairaland

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Re: Forex Trade Alerts: Season 21 by Nobody: 11:55am On Aug 11, 2021
But that's what it is bro, don't be deceived by the big amount mentioned.

When you see $200K account, check the max DD, if it says 5% for example, that's $10K account you have right there and not the $200K mentioned. Trust me, once you lose that $10K DD, they close the account even though you still have $190K remaining in the account, it's useless/not useful.

Same here, 5% of $1000 is $50, lose it and your account is closed regardless that you have $950 remaining....that's the clue. Until we start to reason this way, these prop firms will keep springing up to entice us with figures and thus milking people.


Feshizzy:

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 cheesy
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

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Re: Forex Trade Alerts: Season 21 by Nobody: 12:34pm On Aug 11, 2021
Donsheddy:


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....
Personally, I like prop firms and the whole ideology. From the backend this is just like giving good traders a fair share of the money from losing traders. However, props firms don't give anyone live accounts.
Bouy trade is not connected to FTMO. They use globalprime as their broker, FTMO use their own server.
Props firms that give live account to traders can't subject you to 90days test. They would most likely require a history of more than 12months.

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Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 1:05pm On Aug 11, 2021
ekesoft:


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

You are given a 1,000 account and a max DD of 5% which is 50.

It's not the same as given a 50 account with a max DD of 5% which is 2.5 usd

1 Like

Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 1:07pm On Aug 11, 2021
GabsonFX:
But that's what it is bro, don't be deceived by the big amount mentioned.

When you see $200K account, check the max DD, if it says 5% for example, that's $10K account you have right there and not the $200K mentioned. Trust me, once you lose that $10K DD, they close the account even though you still have $190K remaining in the account, it's useless/not useful.

Same here, 5% of $1000 is $50, lose it and your account is closed regardless that you have $950 remaining....that's the clue. Until we start to reason this way, these prop firms will keep springing up to entice us with figures and thus milking people.



That's pretty standard rule same as ftmo, tcf and co.
Do you want the account to have 50% DD before they pull the plug? cheesy

2 Likes

Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 1:08pm On Aug 11, 2021
NetValueFX:

Personally, I like prop firms and the whole ideology. From the backend this is just like giving good traders a fair share of the money from losing traders. However, props firms don't give anyone live accounts.
Bouy trade is not connected to FTMO. They use globalprime as their broker, FTMO use their own server.
Props firms that give live account to traders can't subject you to 90days test. They would most likely require a history of more than 12months.

The world has changed,
I suggest you read more.
It's not as it is before.

1 Like

Re: Forex Trade Alerts: Season 21 by samfelly: 1:09pm On Aug 11, 2021
Feshizzy:
A is wonderful and stress free.

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 show the performance on the account through out the year.

Well done, you have done very well.
Best Regards

https://www.fxblue.com/competitions/ViewCompetition.aspx?id=1396&rx=1628683223578 - Sweet Motivation (Live Accounts)

https://www.fxblue.com/competitions/ViewCompetition.aspx?id=1397&rx=1628683170310 (Sweet Motivation (Demo Accounts)

CC: Feshizzy, Gabsonfx, MONEY247, Kaesyrn, KingPipmarshall, CopyJoe, charly20, Forexislife, Ogashman

This is it house!!!

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Re: Forex Trade Alerts: Season 21 by samfelly: 1:13pm On Aug 11, 2021
samfelly:
https://www.fxblue.com/competitions/ViewCompetition.aspx?id=1396&rx=1628683223578 - Sweet Motivation (Live Accounts)

https://www.fxblue.com/competitions/ViewCompetition.aspx?id=1397&rx=1628683170310 (Sweet Motivation (Demo Accounts)

CC: Feshizzy, Gabsonfx, MONEY247, Kaesyrn, KingPipmarshall, CopyJoe, charly20, Forexislife, Ogashman

This is it house!!!

I don open the floor. If another person join, I start!

1 Like

Re: Forex Trade Alerts: Season 21 by Skanas(m): 1:23pm On Aug 11, 2021
samfelly:


I don open the floor. If another person join, I start!
Check the account you registered with....it's a demo account....I think the first link you posted should be for live accounts only

1 Like

Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 1:39pm On Aug 11, 2021
samfelly:


I don open the floor. If another person join, I start!

Nice one,
But i just join oo
It's fine, it means fxblue doesn't have a request to join like zoom meetings. cheesy

Skanas:

Check the account you registered with....it's a demo account....I think the first link you posted should be for live accounts only

Yeah that's because he is the host.
I think.....

2 Likes

Re: Forex Trade Alerts: Season 21 by ekesoft(m): 1:49pm On Aug 11, 2021
Feshizzy:


You are given a 1,000 account and a max DD of 5% which is 50.

It's not the same as given a 50 account with a max DD of 5% which is 2.5 usd

Guy afar ,, before you day rush quote me ,, read watin I type well ..,,,

1 Like

Re: Forex Trade Alerts: Season 21 by Nobody: 1:50pm On Aug 11, 2021
Feshizzy:


The world has changed,
I suggest you read more.
It's not as it is before.
I suggest you read more too. A lot of things are not what they seem until you come closer.

3 Likes

Re: Forex Trade Alerts: Season 21 by Forexislife: 1:52pm On Aug 11, 2021
Prepping to sell gold. Waiting for NY session.

2 Likes

Re: Forex Trade Alerts: Season 21 by Skanas(m): 1:53pm On Aug 11, 2021
Feshizzy:


Nice one,
But i just join oo
It's fine, it means fxblue doesn't have a request to join like zoom meetings. cheesy



Yeah that's because he is the host.
I think.....

Nah, I think it's an oversight (sure he will change it soon) because the host of a live account challenge can't be trading with a demo Acc on same challenge.....there is a second link for demo accounts...
#myopinionsha

1 Like

Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 1:53pm On Aug 11, 2021
ekesoft:


Guy afar ,, before you day rush quote me ,, read watin I type well ..,,,

Oh, na true sha,
We dey talk the same thing.
Nice one

2 Likes

Re: Forex Trade Alerts: Season 21 by samfelly: 2:05pm On Aug 11, 2021
Skanas:

Check the account you registered with....it's a demo account....I think the first link you posted should be for live accounts only

Lol. Check, again, Ur-i-Ness

I even had a hard time removing the Demo (old records on my Fxblue Username and Syncing the Live Account to the same Username

If anybody is having a hard time with Fxblue, let me know. I think I have gotten a hang over things there

2 Likes

Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 2:09pm On Aug 11, 2021
samfelly:


I don open the floor. If another person join, I start!

How do i fix the (no data)
I'm complete when it comes to fxblue

It some how fixed itself,

Is it possible for it to read the entire year data?
Rather than when it was added.
That would be really great.

1 Like

Re: Forex Trade Alerts: Season 21 by samfelly: 2:17pm On Aug 11, 2021
Feshizzy:
How do I fix the (no data)
I'm complete when it comes to fxblue

It some how fixed itself,

Is it possible for it to read the entire year data?
Rather than when it was added. That would be really great.

I just checked. Your orders list is not visible

Have those box checked in setting (see attached)

1 Like

Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 2:25pm On Aug 11, 2021
samfelly:


I just checked. Your orders list is not visible

Have those box checked in setting (see attached)

Noted thanks
But is it possible it shows all year record on the challenge
Or it is when the challenge starts it starts book keeping?

1 Like

Re: Forex Trade Alerts: Season 21 by Forexislife: 2:28pm On Aug 11, 2021
Forexislife:
Prepping to sell gold. Waiting for NY session.
Sold gold **44.00. 50 pips SL, TP open

1 Like

Re: Forex Trade Alerts: Season 21 by samfelly: 2:58pm On Aug 11, 2021
Feshizzy:
Noted thanks
But is it possible it shows all year record on the challenge? Or it is when the challenge starts it starts book keeping?

Well, I will just add my other Live Account (my first account) that I have been trading with since last year June, immediately I joined Forex, to see how it (Fxblue) renders things

1 Like

Re: Forex Trade Alerts: Season 21 by Skanas(m): 3:08pm On Aug 11, 2021
samfelly:


Lol. Check, again, Ur-i-Ness

I even had a hard time removing the Demo (old records on my Fxblue Username and Syncing the Live Account to the same Username

If anybody is having a hard time with Fxblue, let me know. I think I have gotten a hang over things there

9ice one...Weldone brotherly

1 Like

Re: Forex Trade Alerts: Season 21 by Donsheddy: 3:12pm On Aug 11, 2021
NetValueFX:

Personally, I like prop firms and the whole ideology. From the backend this is just like giving good traders a fair share of the money from losing traders. However, props firms don't give anyone live accounts.
Bouy trade is not connected to FTMO. They use globalprime as their broker, FTMO use their own server.
Props firms that give live account to traders can't subject you to 90days test. They would most likely require a history of more than 12months.



Well bouytrade use to be a partner of ftmo... that's why they three phase challenge,I don't know about now....
And myforexfunds give traders live account...
You can verify that...

1 Like

Re: Forex Trade Alerts: Season 21 by samfelly: 3:21pm On Aug 11, 2021
.

1 Like

Re: Forex Trade Alerts: Season 21 by samfelly: 3:23pm On Aug 11, 2021
Feshizzy:
Noted thanks
But is it possible it shows all year record on the challenge? Or it is when the challenge starts it starts book keeping?

samfelly:
Well, I will just add my other Live Account (my first account) that I have been trading with since last year June, immediately I joined Forex, to see how it (Fxblue) renders things

EVRYTHING THERE, BRO! ALL PAST RECORDS, FXBLUE COLLECTED DEM.

EVEN MY FIRST $12.83 (N5,000) DEPOSIT MADE IN JUNE, 2020

1 Like

Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 3:26pm On Aug 11, 2021
samfelly:




EVRYTHING THERE, BRO! ALL PAST RECORDS, FXBLUE COLLECTED DEM.

EVEN MY FIRST $12.83 (N5,000) DEPOSIT MADE IN JUNE, 2020

Yes when you click on individual profile it will load,
I was referring to at the ranking table,
If the history would load on the ranking table

1 Like

Re: Forex Trade Alerts: Season 21 by BrightFuture48: 3:32pm On Aug 11, 2021
GabsonFX:
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

Conclusion: I run.


Lol @ I run grin. There is something you are mixing up there. Here is my submission also not that I'm making any case for them but my observation.

1. They are formally white label for ftmo before deciding to go solo and A-book prop firm unlike other prop firm that are b-book which is like "robbing Peter to pay Paul" because most are essentially given traders demo account not LIVE!
2. Do you think any prop firm will be willing give $10k (5% of $200k) to "blow up" for just less than $1k one pay upfront for the monthly access or challenge? That tell us that is just mere glorified demo account by which anything you win at the end was been pay from failed traders.
3. They were very transparent, and make it known right from onset that they are not making anything off traders from beginning and the more you become successful, the better for them. So basically what you pay initially $50 is for margin require should be in case you lose that LIVE account. The remaining is to cover their administrative and logistic.
4. It make a lot of sense from A- book they are operating that you're trading LIVE account Not those that say same but is actually a demo account given to traders.
5. Take for instance their level 1 which is straight live account for you in which you pay $150 for $2k account. Now $100 to cover your loss and $50 for their logistic. If you trade leisurely without any time constraints and you make 5% ($100) you can withdraw it and your subsequent 5 % profit which ought to be their profit split share is being put up for your margin for the next account for 4k. Mind you this is continuous. As you make an accumulated 10% profit you're basically taking your whole profit split while theirs is being put as margin for your loss (should be in case you lose the 5 % DD). They only start making real money from talented traders who make it to the top. And would earn big by way because any percentage profit (no target again) you make will be split equally.

So their model look legit from day one. They provide the capital, you pay a token fee for possible loss. So if you're good at what you do at the end both benefit greatly, Infact traders make a lot more from start while knowing fully that your trade is going thru market pool not bucket shops.

Caveat: Though they still very young prop firm but from interaction/chat with them on Discord and Telegram they seems legit and here to stay! Fingers crossed though.

My humble opinion/conclusion

3 Likes

Re: Forex Trade Alerts: Season 21 by samfelly: 3:35pm On Aug 11, 2021
Feshizzy:
Yes when you click on individual profile it will load,
I was referring to at the ranking table,
If the history would load on the ranking table

Well, I do not know about that, but as the host, I'll take the liberty to research it.

I'll simply deposit into my 1st account and see where Fxblue ranks me after I trade and close one or two orders

1 Like

Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 3:40pm On Aug 11, 2021
samfelly:


Well, I do not know about that, but as the host, I'll take the liberty to research it.

I'll simply deposit into my 1st account and see where Fxblue ranks me after I trade and close one or two orders

Don't stress to much,
If it doesn't show we go use am like that,
I don't think there's any other platform like fxblue that does same thing,
I never research yet sha.

If you go through research and can't find a way to bring up old history into the challenge
Then
But don't go through the stress of depositing,
As time passes, the trades will align

You have done indeed well.
Kudos

3 Likes

Re: Forex Trade Alerts: Season 21 by Nobody: 3:40pm On Aug 11, 2021
Donsheddy:




Well bouytrade use to be a partner of ftmo... that's why they three phase challenge,I don't know about now....
And myforexfunds give traders live account...
You can verify that...
Okay.
Re: Forex Trade Alerts: Season 21 by Feshizzy(m): 3:42pm On Aug 11, 2021
samfelly:


https://www.fxblue.com/competitions/ViewCompetition.aspx?id=1396&rx=1628683223578 - Sweet Motivation (Live Accounts)

https://www.fxblue.com/competitions/ViewCompetition.aspx?id=1397&rx=1628683170310 (Sweet Motivation (Demo Accounts)

CC: Feshizzy, Gabsonfx, MONEY247, Kaesyrn, KingPipmarshall, CopyJoe, charly20, Forexislife, Ogashman

This is it house!!!
@ ekesoft
Can you kindly push this to the front of page,
So if others might care to join, we could just refer them to the link in the front page.

2 Likes

Re: Forex Trade Alerts: Season 21 by samfelly: 3:52pm On Aug 11, 2021
Feshizzy:
Don't stress to much,
If it doesn't show we go use am like that,
I don't think there's any other platform like fxblue that does same thing,
I never research yet sha.

If you go through research and can't find a way to bring up old history into the challenge then *we take it like dat*

But don't go through the stress of depositing,
As time passes, the trades will align

You have done indeed well.

Kudos

Okay, bro, thanks for the consideration. Anything for my pipo here.

I am most grateful for the opportunity, however little, to serve everyone here. I count it all joy smiley wink cheesy grin

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