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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts: Season 23 (538807 Views)
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Re: Forex Trade Alerts: Season 23 by friendbee: 3:28pm On Jan 07, 2023 |
samfelly: Bros, I just shake table small to be sure 2 Likes |
Re: Forex Trade Alerts: Season 23 by realone12(m): 3:28pm On Jan 07, 2023 |
samfelly:but wait, according to the screenshot you displayed the other day, I thought you have passed the challenge |
Re: Forex Trade Alerts: Season 23 by PIPSMARSHALL: 3:58pm On Jan 07, 2023 |
You dey play paid prop firm account like the contests. Please stop gambling unless you keep giving mff your money. Once acquired, the skill of proficient stock trading can never be taken from you. No one can fire you from your craft the way a boss can from a job; it's just you and the market. All you have learned and the experience you have gained can bear fruit for man years to come. 10 Likes 1 Share |
Re: Forex Trade Alerts: Season 23 by Tradinggiant: 4:03pm On Jan 07, 2023 |
samfelly:even if u go do soap the gods go tell u , My son u need to apply risk management and your problems will be solved. E go shock u 5 Likes |
Re: Forex Trade Alerts: Season 23 by samfelly: 4:04pm On Jan 07, 2023 |
realone12: Okay, that was Phase 1 that I passed. I crashed Phase 2 4 Likes 1 Share |
Re: Forex Trade Alerts: Season 23 by samfelly: 4:05pm On Jan 07, 2023 |
friendbee: |
Re: Forex Trade Alerts: Season 23 by OfficialP: 4:07pm On Jan 07, 2023 |
I believe we all. Know the right thing to do but the will to do it is what's lacking. In politics, it's called political will. What do we call it in trading? 1 Like 1 Share |
Re: Forex Trade Alerts: Season 23 by Tradinggiant: 4:10pm On Jan 07, 2023 |
samfelly:bro the mFF Option is way better than FTMO as FTMO don't have $5k account. Bro .. if u are Good, and you know your onion and tomatoe (According Animashaun2 and charly20 ) You will succeed in any propfirm. Firm isn't the problem but our Trading strategy , Pattern and risk management 10 Likes 1 Share |
Re: Forex Trade Alerts: Season 23 by BinaryRocks: 4:10pm On Jan 07, 2023 |
OfficialP: Very true. 2 Likes |
Re: Forex Trade Alerts: Season 23 by charly20(m): 5:19pm On Jan 07, 2023 |
Tradinggiant: Try sabi crayfish join o make the taste improve 4 Likes |
Re: Forex Trade Alerts: Season 23 by Mystiquefia: 6:08pm On Jan 07, 2023 |
May the blue pips be with us all next week guys. Who else noticed that TFT reduced the lot size for highly volatile pairs from 2lotsize to 1(gold&silver) and even below 1? The overleveraging from last contest was something else It's a recipe to blow your Prop account quickly and they know this 9 Likes 1 Share |
Re: Forex Trade Alerts: Season 23 by OfficialP: 6:23pm On Jan 07, 2023 |
Mystiquefia:It's true 3 Likes |
Re: Forex Trade Alerts: Season 23 by realone12(m): 6:27pm On Jan 07, 2023 |
Mystiquefia:noticed that too. too much reckless trading in last month's contest is likely the reason. still moving Sha. I'm in around number nighty something with $113,500 equity still trying to find way to break into top 50 by God's grace 7 Likes 1 Share |
Re: Forex Trade Alerts: Season 23 by TradingGod: 6:28pm On Jan 07, 2023 |
OfficialP: It's called discipline in trading. QUICK HACK: If you are finding it hard to stick to your strategy, this my tip could be of help to you guys The hack is simple, screenshot your best winning setup and use that screenshot image to verify your trade when next you want to trade with that particular setup 9 Likes 2 Shares |
Re: Forex Trade Alerts: Season 23 by TradingGod: 6:48pm On Jan 07, 2023 |
Tradinggiant:as you been deu inspired to take the name tradinggiant na so I dey inspired to take the name tradingGod. The only sure pips I can give you is a sound knowledge that will help you to rake in more sure pips for yourself. The knowledge is simple: Risking 1% and staying consistent to your strategy is all there is in becoming a very profitable trader in the forex world. 3 Likes 1 Share |
Re: Forex Trade Alerts: Season 23 by Mystiquefia: 6:50pm On Jan 07, 2023 |
realone12: Omo when some of us went to last months contest with Dane guns some people entered with RPGs and machine guns. I stopped looking at the charts cuz it kinda affected my trading psychology. I stopped being me and started imitating others and trying to devise strategies from the thin air. I'll just stick to my weekly target that I'm consistently good at, hopefully I can hold them for the next 3weeks. 4 Likes |
Re: Forex Trade Alerts: Season 23 by PIPSMARSHALL: 7:07pm On Jan 07, 2023 |
realone12:What pairs gave you the huge pips profits? I could barely make 1k |
Re: Forex Trade Alerts: Season 23 by realone12(m): 7:12pm On Jan 07, 2023 |
PIPSMARSHALL:GbpUsd/Us30 3 Likes |
Re: Forex Trade Alerts: Season 23 by OfficialP: 8:19pm On Jan 07, 2023 |
realone12: Impressive. In just one week 40% will surely guarantee top 50 |
Re: Forex Trade Alerts: Season 23 by Tradinggiant: 8:34pm On Jan 07, 2023 |
TradingGod:we day the same page boss. and I don't even risk up to 1% per trade. 2 Likes |
Re: Forex Trade Alerts: Season 23 by pipfisher: 9:05pm On Jan 07, 2023 |
My ultimate Forex goal... To build a personal $500k account... No matter how long it takes, that's where I want to get. 11 Likes 1 Share |
Re: Forex Trade Alerts: Season 23 by TradingGod: 9:19pm On Jan 07, 2023 |
Tradinggiant:yes o The fear of liquidation is the beginning of wisdom in trading |
Re: Forex Trade Alerts: Season 23 by Jameselias: 12:14am On Jan 08, 2023 |
HMM Yusuf Trader 10h • • 4 min read THE HARSH TRUTH ABOUT FTMO, I hope that I do justice by this information I am about to reveal to the public and about this company who many traders are not aware of, that undermine aspiring traders. I hope you all share this to raise awareness to warn traders. . It is well known to many that follow me that me and FTMO have been having an internal issue on their trading platform. Number 1. I was able to successfully prove that FTMO uses B-Books all their traders. Meaning that from the moment you enter a trade u are at a loss. FTMO has countless times refused to reveal their liquidity “brokers” providers. They claim that information is sensitive and that they provide the best trading environment for their traders. This I will show is in Fact False. Before revealing their hidden brokers let me explain what a B-Book broker is. In the brokerage world there are 3 systems A book , B-Book and a hybrid system of both. I will explain the difference between all 3. So let’s start with A Book Model. When a broker uses the A-Book business model, all of its clients' orders are transmitted directly to the forex liquidity provider, who in turn routes them to the interbank market. The A-Book approach has one major benefit over other models: there are no conflicts of interest. Whether traders make a profit or lose money, the broker earns a commission regardless of the outcome. When a forex broker operates as a market maker, it is referred to as the B-Book model. Orders are processed in-house by the broker. In other words, orders placed by traders are not visible anywhere other than the broker's trading platform. In this case, there is a clear conflict of interest since the broker serves not only as an intermediary, but also as a counterparty to the transaction. As for FTMO they operate under the B-Book system. FTMO as a company in their 2021 Financial filings showed earnings of 4.5 Million Euros with a Operating cost of 2.1 if u ask me such numbers are terrible but here is logic to these numbers. About €700k euros alone is from Failed Challenges. Their financial information is public record. And you can pay a fee to see it. Since FTMO hides their brokers and all trades are kept in HOUSE on their servers their able put up non market quotations in their terminal. See all Clients stop losses and Hit them using Plug ins on the server side thereby causing considerable losses to challenge account traders The same system is used on FTMO Live accounts as both the challenge and live accounts are kept under the same internal system. The situation is even worse on the Cash CFDs for the indices markets. In Europe German Dax, Frances CAC40 or FR40 and UK FTSE100 are all priced incorrectly not according to any data provider. In Fact for those indexes one of FTMO’s data providers is Vantage Markers based out of Australia. Vantage markets is infamous for using B-Book system and constantly targets their traders and they have one of the worst ratings in the trading world �. Question is this why would FTMO a European company use an Australian broker when there are other liquidity providers in Europe. The answer is simple they make a steady income from failed challenges and so decide to team up with one of the most notorious companies. Also in the forex Markets the same plug in attack on all stop losses happens but it is far worse on the Indeces markets. Out of frustration with incorrect prices I complained to them by email and always try the same response is given. Here is their response to my enquiry and their response which to me was evasive. I’ll let u read it yourself. As of yesterday I am no longer with FTMO and have asked them to close my account and delete my personal information under the European data Protection Act. I have also asked My Forex Funds to do the same as they Also operate under the same B-Book system. It is highly advised to ALL Traders to avoid this Company FTMO above all. In my opinion despite their liquidity providers system I was a profitable trader with them. But such trading conditions even for a good trader can be hard over a long period of time. I will be joining the Funded trader E8 and Amongst others who use the A-Book system who seek to work with their traders and provide the best trading environment. FTMO has it made it clear they do not act in the best interest of their traders. Lastly don’t take my word for it try trade with them and after a while I will see with ur own eyes what I said here today. Also to FTMO if you are reading this you can deny this as much as possible but eventually you will be your own undoing. As traders we will seek to promote other companies who act in the best interest of us. Thank you for taking time out to read this. Spread the Word. DONT TRADE WITH FTMO. • • • |
Re: Forex Trade Alerts: Season 23 by Elmajeed3597(m): 12:37am On Jan 08, 2023 |
Tradinggiant:no cap,building the edge mostly,besides many go for what works for u but the knowledge is always the bitter part....if you want to explore grab the knowledge and work on your edge!! 2 Likes |
Re: Forex Trade Alerts: Season 23 by richgen(m): 3:08am On Jan 08, 2023 |
Hello family, just getting to know the initial thread has been removed. Good luck trading guys. |
Re: Forex Trade Alerts: Season 23 by realone12(m): 6:13am On Jan 08, 2023 |
samfelly:oh sorry boss. hope you learn one or two things from your mistakes 2 Likes |
Re: Forex Trade Alerts: Season 23 by Tradinggiant: 7:40am On Jan 08, 2023 |
GoodNews swing traders ! 6 Likes
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Re: Forex Trade Alerts: Season 23 by Runup: 9:55am On Jan 08, 2023 |
Runup: |
Re: Forex Trade Alerts: Season 23 by ekesoft(m): 10:07am On Jan 08, 2023 |
[quote author=Runup post=119829038][/quote] Yes, but learn properly |
Re: Forex Trade Alerts: Season 23 by Runup: 10:09am On Jan 08, 2023 |
ekesoft:Thank you. please which broker can I use to trade E-minis. |
Re: Forex Trade Alerts: Season 23 by charly20(m): 10:59am On Jan 08, 2023 |
Tradinggiant: Tempting... But it's like you'll pay differently for phases 1 and 2 respectively. Could you tell us more? |
Re: Forex Trade Alerts: Season 23 by ekesoft(m): 11:00am On Jan 08, 2023 |
Runup: You’d have to browse on it, I once’s helped a foreign friend, pass one futures e-mini props firm acct abt 2 years ago. , that’s how I got to know that It can be traded in Nigeria �� |
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