Fmusty:


Seems your IQ is very low, why call someone concise information Bullshit? Seems you are still sucking breast in your parent house.

If you have good comprehensive brain, then u will know that what he/she wrote up there talks about risk management already

i see you are a r*tarded fellow. my main focus was all about the $10000 he outrightly mentioned, which i expressly called bullshit.

why would someone with 11yrs of experience come out to choose a particular amount as the required amount to trade forex. quite absurd.

Merry Christmas to everyone !

JerryQ:
Merry Christmas Guys, if you only depend on FX for your up keep and you have less than $10,000 as your balance,

so tell me if i depend on fx and i am having $2000
as my balance, what will happen to me..

fmusty sounding like an idi*t

wiconse:


i see you are a r*tarded fellow. my main focus was all about the $10000 he outrightly mentioned, which i expressly called bullshit.

why would someone with 11yrs of experience come out to choose a particular amount as the required amount to trade forex. quite absurd.

Just look at yourself in d mirror, u will see that u are a hopeless slowpoke, go back to your school for a refund, because they did a bad job.

So from the write up, all you could see is only 10,000usd? Obviously u can't comprehend simple write up at all.

Guy, your problem no get remedy.

wiconse:


bullshit. talking about 10000usd.

no matter your equity, all you need is to be consistent using proper risk management.

if you like have 1billion usd as your balance, if you don't know what you are doing it is likely t get blown. whether you have 100yrs experience or 1day experience the market does not give a Bleep.

protecting your equity and not overleveraging would help every trader get to his or destination.

so stop discouraging those with smaller equity.

Maybe you actually don't understand the word "bullshit".
Everything he said was a recount of his opinions from personal experience which are facts to me.
They are actually advise on trading psychology.
It's ok if you don't agree, but there was no bullshit in any of those nuggets,only reality and facts.
Better learn to disagree without insulting people.
Personally I think your experience is not up to that level so you may not agree or understand what he's saying.

Fmusty:


Just look at yourself in d mirror, u will see that u are a hopeless slowpoke, go back to your school for a refund, because they did a bad job.

So from the write up, all you could see is only 10,000usd? Obviously u can't comprehend simple write up at all.

Guy, your problem no get remedy.

yes, all i saw was the 10k. slowpoke, did you start with 10k?

Then you could have Simply asked. I will tell you anyway. I have traded for a hedge fund company and I have seen most traders account and how they grow or die. When I tell people I have traded a $650k account for a hedge fund company and grew it to $2M, they don't believe until I show them the statement or the 10% profit alert they paid me. So, I have some experience.

This is why i quoted that amount, the best of Forex traders hardly make 20% profit every
month. I mean the very best of the very best of traders. Most good traders average 10% or lower monthly as their consistent profit. Do your research and search for traders that have been trading on same account for say 3years, you will see this statistics. So, if you have a $500 account and you make 10% profit, that is $50 per month as your earning, you can't live on that so start another biz that can help with your up keep while you grow your capital. But if you have a $10,000 trading account and you make same 10% growth, that is $1k/monthly which is very okay in 9ja. You can live on that and not necessarily need extra cash for your up keep. Even with a 5% monthly profit on a $10k account, you are still very okay to live in 9ja.

All I trying to say is with small equity, if that is all you depend on for your upkeep, you would most likely be Forced to over trade your account and kill it in the process. With a $650k capital, I didn't trade up to 30mins on an average daily, In fact I was only looking for 5 pips daily, I never traded beyond 9am, Nigerian Time. Cos 5 pips on a 100 lot size is enough to feed me for 1 year. But 5 pips on a 0.05 lot can't feed me for a day. I hope you get it now.

AK284:




Maybe you actually don't understand the word "bullshit".
Everything he said was a recount of his opinions from personal experience which are facts to me.
They are actually advise on trading psychology.
It's ok if you don't agree, but there was no bullshit in any of those nuggets,only reality and facts.
Better learn to disagree without insulting people.
Personally I think your experience is not up to that level so you may not agree or understand what he's saying.

i totally disagreed in one area which was the 10k. i called it Bullshit because it is not logical.

apparently, i had no issue with the other tips which was quite educating.

JerryQ:
Then you could have Simply asked. I will tell you anyway. I have traded for a hedge fund company and I have seen most traders account and how they grow or die. When I tell people I have traded a $650k account for a hedge fund company and grew it to $2M, they don't believe until I show them the statement of the 10% profit alert they paid me. So, I have some experience.

This is why i quoted that amount, the best of Forex traders hardly make 20% profit every
month. I mean the very best of the very best of traders. Most good traders average 10% or lower monthly as their consistent profit. Do your research and search for traders that have been trading on same account for say 3years, you will see this statistics. So, if you have a $500 account and you make 10% profit, that is $50 per month as your earning, you can't live on that so start another biz that can help with your up keep while you grow your capital. But if you have a $10,000 trading account and you make same 10% growth, that is $1k/monthly which is very okay in 9ja. You can live on that and not necessarily need extra cash for your up keep. Even with a 5% monthly profit on a $10k account, you are still very okay to live in 9ja.

All I trying to say is with small equity, if that is all you depend on for your upkeep, you would most likely be Forced to over trade your account and kill it in the process. With a $650k capital, I didn't trade up to 30mins on an average daily, In fact I was only looking for 5 pips daily, I never traded beyond 9am, Nigerian Time. Cos 5 pips on a 100 lot size is enough to feed me for 1 years. But 5 pips on a 0.05 lot can't feed me for a day. I hope you get it now.

quite impressive. but then that is for hedge funds.

what about those with few hundreds of dollars? the market is so big that it can accommodate everyone, it all depends on which angle you are looking from

wiconse:


bullshit. talking about 10000usd.

no matter your equity, all you need is to be consistent using proper risk management.

if you like have 1billion usd as your balance, if you don't know what you are doing it is likely t get blown. whether you have 100yrs experience or 1day experience the market does not give a Bleep.

protecting your equity and not overleveraging would help every trader get to his or destination.

so stop discouraging those with smaller equity.

Don't mind that guy. He was just talking jazz. Thanks! You sabi the thing. Even with 500 usd you can build on it as long as you know what you are doing.

wiconse:


i see you are a r*tarded fellow. my main focus was all about the $10000 he outrightly mentioned, which i expressly called bullshit.

why would someone with 11yrs of experience come out to choose a particular amount as the required amount to trade forex. quite absurd.

Imagine 10k? That guy self....I don't even understand him. Haba!

wiconse:


quite impressive. but then that is for hedge funds.

what about those with few hundreds of dollars? the market is so big that it can accommodate everyone, it all depends on which angle you are looking from

You don't still get me. For those with few hundreds of dollars, don't depend on that account for your up keep. Start another business so you can be relaxed to trade your few dollars to any where you want to take it to. I gained balance in FX and became profitable when I started a school. The proceeds from the school takes care of my family so I don't put pressure on my trading account. I am running a 5 years compound interest plan on one of my accounts right now , cos I have something else sustaining me.

I have a friend that started trading with 100 and turned it to 5k in just few month. I think he was just good at Forex. Maybe thay is his calling. He doesn't read chat or start make use of some tech analysis or most of these instrument we use at time. All he does is to look at the market chat and take his trade and his tp, believe me majority of his trade always hit tp. I have told him to teach how does it. But he doesn't know how to teach.

I do wonder what kind of person he is. now the guy is raking thousands of dollars every week. He said he has spent 11yrs trading and has lost huge amount of money. But he never gave up until he got rid of all the way he was thought about Forex and developed his own way of trading. Nna mehn make me self be like that oo..

JerryQ:


You don't still get me. For those with few hundreds of dollars, don't depend on that account for your up keep. Start another business so you can be relaxed to trade your few dollars to any where you want to take it to. I gained balance in FX and became profitable when I started a school. The proceeds from the school takes care of my family so I don't put pressure on my trading account. I am running a 5 years compound interest plan on one of my accounts right now , cos I have something else sustaining me.

All the same, people that would still lose money will lose money. No matter the advice you give, the same mistake would still be made by newbie or even the same experience ones. See, I just see Forex as a means of exploit. If dont exploit it and pass through the losses and profit one won't learn and master it. Failure on Forex is inevitable but with patience, perseverance and that thirst to come on top, one would definitely get there.

JerryQ:


You don't still get me. For those with few hundreds of dollars, don't depend on that account for your up keep. Start another business so you can be relaxed to trade your few dollars to any where you want to take it to. I gained balance in FX and became profitable when I started a school. The proceeds from the school takes care of my family so I don't put pressure on my trading account. I am running a 5 years compound interest plan on one of my accounts right now , cos I have something else sustaining me.

you said people can't make a living from forex without having up to 10k which is not true. my point is you can grow 100usd to 10k with time. all you need is conistency. if you really understand this market very well, no amount is too small or big.
Take an instance, whereby i have up to 20,000usd as my balance. it is going to get blown if i don't know how to trade. after that, i might decide to learn or i can say that forex is a scam.

the most important thing here is education. knowing how to trade is key to success not some 1million dollar account

wiconse:


you said people can't make a living from forex without having up to 10k which is not true. my point is you can grow 100usd to 10k with time. all you need is conistency. if you really understand this market very well, no amount is too small or big.
Take an instance, whereby i have up to 20,000usd as my balance. it is going to get blown if i don't know how to trade. after that, i might decide to learn or i can say that forex is a scam.

the most important thing here is education. knowing how to trade is key to success not some 1million dollar account

I still bliv u still don't get him at all.
Let's say 2 experienced traders, one has $100 while d other has $10,000 as their capital(or equity) as he said.
They both make d same no of pips per day,
Of course d one with $100 WILL NOT live comfortably well like
d one other who started with $10,000 (AT LEAST FOR D NEXT 2 MONTHS) assuming both wanted to live on forex ALONE. RIGHT?
THAT IS BASICALLY WHAT HE'S SAYING.

wiconse:


i see you are a r*tarded fellow. my main focus was all about the $10000 he outrightly mentioned, which i expressly called bullshit.

why would someone with 11yrs of experience come out to choose a particular amount as the required amount to trade forex. quite absurd.

He only recommended that the Trader should get an extra income source if his trading capital is less than $10,000.

I strongly agree with him on this.

Thanks JerryQ. Many might not understand how heavily these things affect their ultimate success but with maturity and time, a lot become clear.

Your contributions are highly valuable.

Enjoy the holidays!

The point he's trying to make is simple and valid.

It's easier trading without pressure especially when the capital is small. There is pressure when you need the returns as soon as possible, for upkeep, for example.

And in all honesty.. It's actually easier when all you focus on is the art itself and not the money (returns).

wiconse:


you said people can't make a living from forex without having up to 10k which is not true. my point is you can grow 100usd to 10k with time. all you need is conistency. if you really understand this market very well, no amount is too small or big.
Take an instance, whereby i have up to 20,000usd as my balance. it is going to get blown if i don't know how to trade. after that, i might decide to learn or i can say that forex is a scam.

the most important thing here is education. knowing how to trade is key to success not some 1million dollar account

Hmmnn

I agree with this. Great response


If you had replied him like this, without insult,
I think all these abuse i just witnessed would not have happen.


Actions have consequences.

Wishing you all compliments of the season. Permit me to join many people here in wishing our very own @infofirst speedy recovery.

I believe if we can all do away with our desperate quest for online validation which makes people indulge in acts of deceptions and empty vanities, all sorts of acts promoting ego-masagging and unhealthy rivalry that keeps degenerating into suspicions causing hateful, abusive and uncouth altercation, Season 20 will be a great one.

We should instead focus and expend our energies on continuous learning, improvement and perfecting our strategies. We should keep searching for an edge(a unique one) which will make us consistent profit in trading financial instruments. Trust me,this is more important than all forms of online validations, reputations and acceptance. This will make Season 20 become a smooth, profitable and less dramatic one.

Wishing all greenful/blueful 2020.

peteregwu:
I have a friend that started trading with 100 and turned it to 5k in just few month. I think he was just good at Forex. Maybe thay is his calling. He doesn't read chat or start make use of some tech analysis or most of these instrument we use at time. All he does is to look at the market chat and take his trade and his tp, believe me majority of his trade always hit tp. I have told him to teach how does it. But he doesn't know how to teach.

I do wonder what kind of person he is. now the guy is raking thousands of dollars every week. He said he has spent 11yrs trading and has lost huge amount of money. But he never gave up until he got rid of all the way he was thought about Forex and developed his own way of trading. Nna mehn make me self be like that oo..

His case is a unique case in FX. Very few traders can multiply account X20 in few months. I have only been that fast once or twice, I have done 3k to 90k in one month but I can't tell you that is how successful traders trade. I can however tell you that if you can make 5% growth monthly in this market, you are doing very well forget about what you see others getting. Very soon, 5% profit will amount to $100k.

meshpips:


He only recommended that the Traders should get an extra income source if his trading capital is less than $10,000.

I strongly agree with him on this.
Enjoy the holidays!

at the first instance, where did the 10k come from?
i believe that such trader has been into something else before knowing about forex. therefore, if my life saving is 20k,do you expect me to open a live account with all of it? Big No.

furthermore, how successful i am depends on how much knowledge i have about the market. so if anyone says you can't make a living out of it because you don't have this particular amount, it is balderdash.

wiconse:


you said people can't make a living from forex without having up to 10k which is not true. my point is you can grow 100usd to 10k with time. all you need is conistency. if you really understand this market very well, no amount is too small or big.
Take an instance, whereby i have up to 20,000usd as my balance. it is going to get blown if i don't know how to trade. after that, i might decide to learn or i can say that forex is a scam.

the most important thing here is education. knowing how to trade is key to success not some 1million dollar account

Okay allow me paraphrase: If you are not getting the life you need from FX at the moment, pls start up something else that can help you live your life while you get your FX fixed.

djwalata:

I still bliv u still don't get him at all.
Let's say 2 experienced traders, one has $100 while d other has $10,000 as their capital(or equity) as he said.
They both make d same no of pips per day,
Of course d one with $100 WILL NOT live comfortably well like
d one other who started with $10,000 (AT LEAST FOR D NEXT 2 MONTHS) assuming both wanted to live on forex ALONE. RIGHT?
THAT IS BASICALLY WHAT HE'S SAYING.

Bingo. perfect analysis.
to whom much is given,much is expected.

maryjames9:
Wishing you all compliments of the season. Permit me to join many people here in wishing our very own @infofirst speedy recovery.

I believe if we can all do away with our desperate quest for online validation which makes people indulge in acts of deceptions and empty vanities, all sorts of acts promoting ego-masagging and unhealthy rivalry that keeps degenerating into suspicions causing hateful, abusive and uncouth altercation, Season 20 will be a great one.

We should instead focus and expend our energies on continuous learning, improvement and perfecting our strategies. We should keep searching for an edge(a unique one) which will make us consistent profit in trading financial instruments. Trust me,this is more important than all forms of online validations, reputations and acceptance. This will make Season 20 become a smooth, profitable and less dramatic one.

Wishing all greenful/blueful 2020.

conclusion of the whole matter.

@infofirst
Please Get well as soon as possible,your lovely family needs you and your online family can't afford to miss your contribution here.
Every Evil plan, intention, arrangement and mishap will continue to fail upon your life and family IN JESUS NAME.
Same goes form every member of NFA as we start 2020.

Chei brother, I think if only you'd done away with the first line, we'd have not gone through all the banter that followed your comment. You actually do have a point, so does He.
From my little experience in trading systems, psychology and equity level - it is much much easier to take 1k to 10k, than to take 100 to 1k. Even with same trades and percentage risks. But the point you're trying to prove is very valid, whereby it's possible to take your 100usd to any amount but that's under much greater pressure.
I think he was just trying to recommend the ideal scenario, but in Nija that is very farfetched because the average investor hasn't even seen 1k to invest. What am I even saying, 100usd is a big deal for a lot of people. I'd recommend we stick with what is attainable and feasible in the eyes of the average nigerian trader or prospective investor.
Furthermore if you notice I emphasize a lot on simplicity of strategy and psychology. Trust me if one can get a grasp of both factors, there is no telling how far you can go in this trading journey.
Let us try to be cordial and positive in our dealings with one another, I doubt if anyone is here just to bring the others down, maybe just a few with the typical negativity and low self esteem that comes with a pitiable few which I've learnt to ignore, but most of us are here to make money or help others see the way, let's focus on that and smile to the banks together in the coming year.

wiconse:

[s]bullshit. talking about 10000usd.[/s]

Merry Christmas everyone... Pls i really need help with forex trading, i keep loosing in my demo account... I try studying the market before placing my trades but it ends up in constant losses... If i can make up to $20 daily for now self, I'd be so happy... The highest i make on a good day is $7 and i end up loosing it the following day.... Pls would anyone be kind enought to put me through, i'm a fast learner and won't disturb you with unnecessary questions... Thank you......

saxy4c:
Chei brother, I think if only you'd done away with the first line, we'd have not gone through all the banter that followed your comment. You actually do have a point, so does He.
From my little experience in trading systems, psychology and equity level - it is much much easier to take 1k to 10k, than to take 100 to 1k. Even with same trades and percentage risks. But the point you're trying to prove is very valid, whereby it's possible to take your 100usd to any amount but that's under much greater pressure.
I think he was just trying to recommend the ideal scenario, but in Nija that is very farfetched because the average investor hasn't even seen 1k to invest. What am I even saying, 100usd is a big deal for a lot of people. I'd recommend we stick with what is attainable and feasible in the eyes of the average nigerian trader or prospective investor.
Furthermore if you notice I emphasize a lot on simplicity of strategy and psychology. Trust me if one can get a grasp of both factors, there is no telling how far you can go in this trading journey.
Let us try to be cordial and positive in our dealings with one another, I doubt if anyone is here just to bring the others down, maybe just a few with the typical negativity and low self esteem that comes with a pitiable few which I've learnt to ignore, but most of us are here to make money or help others see the way, let's focus on that and smile to the banks together in the coming year.

thanks a lot bro
we disagree to agree

Please I would love if anyone can put me through on this Forex of a thing, am a Novice at it, all I do is read up articles online which are just generic, I really need someone to put me through, Have made this my New Year Resolution, to trade Forex. Would appreciate anyone, Thanks.

Sylviaunusual:
Merry Christmas everyone... Pls i really need help with forex trading, i keep loosing in my demo account... I try studying the market before placing my trades but it ends up in constant losses... If i can make up to $20 daily for now self, I'd be so happy... The highest i make on a good day is $7 and i end up loosing it the following day.... Pls would anyone be kind enought to put me through, i'm a fast learner and won't disturb you with unnecessary questions... Thank you......

What you need know is called Money Management.

You can google "FX money management" to know what I am talking about.

......Or you could just stop risking more than 3 percent of your capital per trade and lessen the number of trade you take per day and also lesson the number of pair you trade.


It might not make you win green pips but I'm confident it will make you stop blowing your account, demo or real.

saxy4c:
Chei brother, I think if only you'd done away with the first line, we'd have not gone through all the banter that followed your comment. You actually do have a point, so does He.
From my little experience in trading systems, psychology and equity level - it is much much easier to take 1k to 10k, than to take 100 to 1k. Even with same trades and percentage risks. But the point you're trying to prove is very valid, whereby it's possible to take your 100usd to any amount but that's under much greater pressure.
I think he was just trying to recommend the ideal scenario, but in Nija that is very farfetched because the average investor hasn't even seen 1k to invest. What am I even saying, 100usd is a big deal for a lot of people. I'd recommend we stick with what is attainable and feasible in the eyes of the average nigerian trader or prospective investor.
Furthermore if you notice I emphasize a lot on simplicity of strategy and psychology. Trust me if one can get a grasp of both factors, there is no telling how far you can go in this trading journey.
Let us try to be cordial and positive in our dealings with one another, I doubt if anyone is here just to bring the others down, maybe just a few with the typical negativity and low self esteem that comes with a pitiable few which I've learnt to ignore, but most of us are here to make money or help others see the way, let's focus on that and smile to the banks together in the coming year.

Well spoken!