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Nairaland Forum / Nairaland / General / Business / Forex Trade Alerts: Season 23 (538200 Views)
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Re: Forex Trade Alerts: Season 23 by Donsheddy: 5:25pm On Jul 08, 2023 |
Emmizay12: Now divide the 18,500,000,000 by 12.5... Remember you maximum allowable loss is 8% that means what they are actually funding you is $4000 instead of 50000.. So you're giving a demo account which is connected to a live server i guess... Once you hit the dd you're disconnected 3 Likes |
Re: Forex Trade Alerts: Season 23 by samfelly: 5:36pm On Jul 08, 2023 |
dmahn: Yes, I have seen the explanation given by WAVESANDGOLD and others. No mind me, I be babypips dropout 1 Like |
Re: Forex Trade Alerts: Season 23 by rainlover(m): 5:43pm On Jul 08, 2023 |
OfficialP:which firm? |
Re: Forex Trade Alerts: Season 23 by OfficialP: 5:48pm On Jul 08, 2023 |
rainlover: the funded trader |
Re: Forex Trade Alerts: Season 23 by PraiseGod4u(m): 5:50pm On Jul 08, 2023 |
infofirst: Lol i literally do nothing different than you boss.. Na jx grace and patience |
Re: Forex Trade Alerts: Season 23 by AK284(m): 5:52pm On Jul 08, 2023 |
Ladies and Gentlemen, I have received my funded Account login(Maven) as one of the three person that achieved at least 10% in the just concluded June FTA members competition (13.10% achieved). I want to appreciate Infofirst for always keeping his words and Samfelly for taking his time to setup and monitor the competition. Gracias. Let see how it goes 16 Likes 2 Shares |
Re: Forex Trade Alerts: Season 23 by Donsheddy: 5:53pm On Jul 08, 2023 |
AK284: Congratulations boss... More work to be done 3 Likes |
Re: Forex Trade Alerts: Season 23 by PraiseGod4u(m): 5:55pm On Jul 08, 2023 |
rainlover:Why are you marrying a particular firm if i may ask. No firm has your interest at heart o. Go for the best conditions and price if you knw your TA and psychology at least is ok. As for me except i win a giveaway, I'm not purchasing any challenge with 8% total DD. Never. gnykelly: Use exness Hotforex Octafx Xm Fxtm Icmarkets 4 Likes 1 Share |
Re: Forex Trade Alerts: Season 23 by Donsheddy: 5:58pm On Jul 08, 2023 |
End Of Week 3 Challenge Result... Was a Challenging Week I went against my rules on day three and loss more than what I recorded reason why loss for the week is -0.40% 4 trades this week. Day 1 - zero pips loss Day 2 - 46 pips loss Day 3 - 7.5 pips profit Day 4 - 7.5 pips loss Day 5- 0 pips loss Total profits 7.5 = 7.5 pips profit Total loss = 7.5 + 46 = 53.5 pips loss Closing profit = 7.5 - 53.5 = -46 pips loss Risking 0.184 % per trade with 0.04 lots... Profit for the week = -0.184% Max. Profit attained this week. = 0.4%% Max loss in a row = -0.184% D. D from initial starting balance = - 0.0184% 3 Likes
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Re: Forex Trade Alerts: Season 23 by PraiseGod4u(m): 6:00pm On Jul 08, 2023 |
Emmizay12: I believe you know what A book and B book means |
Re: Forex Trade Alerts: Season 23 by AK284(m): 6:11pm On Jul 08, 2023 |
Emmizay12: Sometimes I wonder why we worry about thing that is non of our business. If the account is demo and they pay you after fulfilling the set out conditions. Will you reject the money because it not Live account ? I think if I were you I will focus on risk management, drawdown e.t.c Those are the most important issues here not how much the company is making from failed accounts. 3 Likes 1 Share |
Re: Forex Trade Alerts: Season 23 by rainlover(m): 6:11pm On Jul 08, 2023 |
PraiseGod4u: After going through their terms and conditions, I think Myffx seems to have the best trading conditions. |
Re: Forex Trade Alerts: Season 23 by Emmizay12(m): 6:17pm On Jul 08, 2023 |
PraiseGod4u:me I don't know o what does it mean |
Re: Forex Trade Alerts: Season 23 by Emmizay12(m): 6:20pm On Jul 08, 2023 |
rainlover: yes I concur I've never gone below 3% drawdown on my account so the 8% overall drawdown doesn't scare me. plus Thier spreads/commission are surprisingly better than some brokers I used in the past 1 Like |
Re: Forex Trade Alerts: Season 23 by Emmizay12(m): 6:23pm On Jul 08, 2023 |
AK284: when did I mention anything about failed accounts bro.. so I can't ask questions to satisfy my curiosity hian nawao for you, 1 Like |
Re: Forex Trade Alerts: Season 23 by Nwadaka: 6:24pm On Jul 08, 2023 |
Emmizay12:Worry less bro, the most important tin here is that you are getting paid, who cares if they are issuing demo or live account I'm not even sure if our regular brokers are giving us live or demo. 1 Like |
Re: Forex Trade Alerts: Season 23 by Nwadaka: 6:34pm On Jul 08, 2023 |
Pls guys,once you are funded take out time to read and understand the terms and conditions of the account ..I got a soft breach mail from TFT on Friday notifying me that I have violated one of their trading conditions. Omor they deducted the $4k profit I made from the account and as it stands now i have only one warning before I will loose the account. Modified: The account is $100k knight account, my running position hit Tp 2 minutes after NFP . I never knew that news restrictions was placed on the account cuz during evaluation challenge nothing like that happened. 9 Likes 2 Shares |
Re: Forex Trade Alerts: Season 23 by PraiseGod4u(m): 6:40pm On Jul 08, 2023 |
rainlover: All of them are same bro.. havent you noticed 90% of them use eightcap or thinkmarkets? Dey play.. Dont take my words for it sha. Go with your guts. Emmizay12: They are same bro..same broker Emmizay12: B book means you are trading but the broker isnt taking your trades cos they know you'll eventually lose. A book means you are actually trading live account and whatever trade you take goes live into the market. Forget any live account tag a broker will give you, its just formality. Thats why prop firms dont care wether the account is demo or live. Its only when a broker sees that you are consistently profitable before they'll start taking your trades, seem with all the prop firms. So whatever payout prop firms are making its from the failed challenges and the few traders that they've A booked. So forget the issue of whether its demo or live and just trade your thing as far as they are paying no wahala 2 Likes |
Re: Forex Trade Alerts: Season 23 by PraiseGod4u(m): 6:42pm On Jul 08, 2023 |
Nwadaka: But its actually clearly stated no news trading i think |
Re: Forex Trade Alerts: Season 23 by Kaybee7000(m): 6:42pm On Jul 08, 2023 |
Nwadaka: The reason y I asked question this morning on the so call news,are u not expected to trade any news or just NFP or CPI alone ,am still yet to understand I was in 50pips profit before the news and immediately the news is released,them wiped my profit and close the trade for m,I was damn pained and I couldn't even forgive myself |
Re: Forex Trade Alerts: Season 23 by AK284(m): 6:47pm On Jul 08, 2023 |
Emmizay12: Perhaps I didn't get your point Their funded acct and live acct are the same? I don't care,let me play my part and you pay me. Simple! 1 Like |
Re: Forex Trade Alerts: Season 23 by karkinase(m): 7:05pm On Jul 08, 2023 |
Donsheddy:Amen oo.. so shall it be |
Re: Forex Trade Alerts: Season 23 by Nwadaka: 7:07pm On Jul 08, 2023 |
PraiseGod4u:Sure, I didn't read that part, na after I collect gba gbos I come digest the tin, anyways it depends on the account type you are trading. |
Re: Forex Trade Alerts: Season 23 by friendbee: 7:09pm On Jul 08, 2023 |
infofirst: |
Re: Forex Trade Alerts: Season 23 by Nwadaka: 7:11pm On Jul 08, 2023 |
Kaybee7000:Your own is normal spread issues, they don't place too many conditions when taking evaluation challenges or competitions. You should learn how to manage an open positions during numbers cus spread and slippage are there to kill you. 1 Like |
Re: Forex Trade Alerts: Season 23 by Kaybee7000(m): 7:29pm On Jul 08, 2023 |
Nwadaka: Abeg do m a favour Except NFP,CPI AND INTEREST RATE,which other news do u know these people dey take judge with ur experience pls make i dey avoid dem |
Re: Forex Trade Alerts: Season 23 by infofirst(m): 7:32pm On Jul 08, 2023 |
Emmizay12: Whats more important is pay out. Once they pay you. The rest is secondary. They do route tested nd trusted traders trade tru live.they even stake more on such traders covering for others. 2 Likes |
Re: Forex Trade Alerts: Season 23 by Nwadaka: 7:52pm On Jul 08, 2023 |
Kaybee7000:It depends on the instrument. 1 Like
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Re: Forex Trade Alerts: Season 23 by realone12(m): 8:16pm On Jul 08, 2023 |
Nwadaka:so people like Galleryeasy infofirst and others that sometimes trade during the news how come they neve have this kind of problem ? |
Re: Forex Trade Alerts: Season 23 by Nwadaka: 8:25pm On Jul 08, 2023 |
realone12:That's one of the reasons i give it to MFF, these guys u mentioned have an account with them, you are not restricted by news. TFT has about 4 different types of account (Royal, knight, Standard and another one I can't remember. I think Roya account supports news trading. I have standard and knight. 1 Like |
Re: Forex Trade Alerts: Season 23 by Tradinggiant: 8:25pm On Jul 08, 2023 |
AK284:congrats.. I go receive my own next . |
Re: Forex Trade Alerts: Season 23 by Tradinggiant: 8:29pm On Jul 08, 2023 |
But why everybody day choose Maven?? Thought we discussed MFFX ? |
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