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Forex Trade Alerts: Season 23 - Business (15) - Nairaland 4r2tn

Forex Trade Alerts: Season 23 (627312 Views)

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friendbee: 3:28pm On Jan 07, 2023
samfelly:


Friendbee, you say wetin? grin. Elmajeed3597, BinaryRocks, OfficialP, make una see the bolded.

So, na only Donsheddy comprehend wetin I write there. I called it Freedom Contest, because I no put any rules, BUT FTMO's OWN STILL STANDS. SO BECAUSE UNA WAN OUT DO EACH OTHER UNA NO WAN FTMO FREE TRIAL AGAIN? grin grin grin grin. Very funny

Bros, I just shake table small to be sure cry

2 Likes

realone12(m): 3:28pm On Jan 07, 2023
samfelly:


Shit happens. I lost mine, as well embarassed embarassed embarassed angry angry angry

Risk management CAN NEVER BE REPLACED, in this business. If I like make I go Ijebu Ode go do soap, risk management will still be the watch word!
but wait, according to the screenshot you displayed the other day, I thought you have ed the challenge
PIPSMARSHALL: 3:58pm On Jan 07, 2023
You dey play paid prop firm 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

Tradinggiant: 4:03pm On Jan 07, 2023
samfelly:


Shit happens. I lost mine, as well embarassed embarassed embarassed angry angry angry

Risk management CAN NEVER BE REPLACED, in this business. If I like make I go Ijebu Ode go do soap, risk management will still be the watch word!
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 grin

5 Likes

samfelly: 4:04pm On Jan 07, 2023
realone12:
but wait, according to the screenshot you displayed the other day, I thought you have ed the challenge

Okay, that was Phase 1 that I ed. I crashed Phase 2

4 Likes 1 Share

samfelly: 4:05pm On Jan 07, 2023
friendbee:


Bros, I just shake table small to be sure cry

grin grin grin grin
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

Tradinggiant: 4:10pm On Jan 07, 2023
samfelly:


Well, me too go really like am to be in FTMO, but, no be me dey give out the reward. Lets direct this suggestion to Mr. Animashaun2 - and all other big boss who have been sponsoring before and who will still sponsor, by God's grace, as we go forward
bro the mFF Option is way better than FTMO as FTMO don't have $5k .

Bro .. if u are Good, and you know your onion and tomatoe (According Animashaun2 and charly20 grin)
You will succeed in any propfirm.


Firm isn't the problem but our Trading strategy , Pattern and risk management

10 Likes 1 Share

BinaryRocks: 4:10pm On Jan 07, 2023
OfficialP:
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?
grin grin
Very true.

2 Likes

charly20(m): 5:19pm On Jan 07, 2023
Tradinggiant:
bro the mFF Option is way better than FTMO as FTMO don't have $5k .

Bro .. if u are Good, and you know your onion and tomatoe (According Anímashaun2 and charly20 grin)
You will succeed in any propfirm.


Firm isn't the problem but our Trading strategy , Pattern and risk management

Try sabi crayfish o make the taste improve grin

4 Likes

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 quickly and they know this

9 Likes 1 Share

OfficialP: 6:23pm On Jan 07, 2023
Mystiquefia:
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 quickly and they know this
It's true

3 Likes

realone12(m): 6:27pm On Jan 07, 2023
Mystiquefia:
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 quickly and they know this
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

TradingGod: 6:28pm On Jan 07, 2023
OfficialP:
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?

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 your trade when next you want to trade with that particular setup smiley

9 Likes 2 Shares

TradingGod: 6:48pm On Jan 07, 2023
Tradinggiant:
TradingGod ? Na WA ooo.
Even me way be giant market day turn me to dwarf sometimes.

As god way u be , Give us sure 200 Pips everyday grin
as you been deu inspired to take the name tradinggiant na so I dey inspired to take the name tradingGod. smiley


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

Mystiquefia: 6:50pm On Jan 07, 2023
realone12:
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

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

PIPSMARSHALL: 7:07pm On Jan 07, 2023
realone12:
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
What pairs gave you the huge pips profits? I could barely make 1k tongue
realone12(m): 7:12pm On Jan 07, 2023
PIPSMARSHALL:

What pairs gave you the huge pips profits? I could barely make 1k tongue
GbpUsd/Us30

3 Likes

OfficialP: 8:19pm On Jan 07, 2023
realone12:
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

Impressive. In just one week

40% will surely guarantee top 50
Tradinggiant: 8:34pm On Jan 07, 2023
TradingGod:
as you been deu inspired to take the name tradinggiant na so I dey inspired to take the name tradingGod. smiley


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.
we day the same page boss. and I don't even risk up to 1% per trade.

2 Likes

pipfisher: 9:05pm On Jan 07, 2023
My ultimate Forex goal...

To build a personal $500k ...

No matter how long it takes, that's where I want to get.

11 Likes 1 Share

TradingGod: 9:19pm On Jan 07, 2023
Tradinggiant:
we day the same page boss. and I don't even risk up to 1% per trade.
yes o

The fear of liquidation is the beginning of wisdom in trading cheesy
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 traders
The same system is used on FTMO Live s as both the challenge and live s are kept under the same internal system. The situation is even worse on the Cash CFDs for the indices markets.
In Europe German Dax, s 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 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 ing 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.
• • •
Elmajeed3597(m): 12:37am On Jan 08, 2023
Tradinggiant:
bro the mFF Option is way better than FTMO as FTMO don't have $5k .

Bro .. if u are Good, and you know your onion and tomatoe (According Animashaun2 and charly20 grin)
You will succeed in any propfirm.


Firm isn't the problem but our Trading strategy , Pattern and risk management
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

richgen(m): 3:08am On Jan 08, 2023
Hello family, just getting to know the initial thread has been removed.

Good luck trading guys.
realone12(m): 6:13am On Jan 08, 2023
samfelly:


Okay, that was Phase 1 that I ed. I crashed Phase 2
oh sorry boss. hope you learn one or two things from your mistakes

2 Likes

Tradinggiant: 7:40am On Jan 08, 2023
GoodNews swing traders !

6 Likes

Runup: 9:55am On Jan 08, 2023
Runup:
Please can one trade E-minis in Nigeria?
ekesoft(m): 10:07am On Jan 08, 2023
[quote author=Runup post=119829038][/quote]

Yes, but learn properly
Runup: 10:09am On Jan 08, 2023
ekesoft:

Yes, but learn properly
Thank you. please which broker can I use to trade E-minis.
charly20(m): 10:59am On Jan 08, 2023
Tradinggiant:
GoodNews swing traders !

Tempting...

But it's like you'll pay differently for phases 1 and 2 respectively. Could you tell us more?
ekesoft(m): 11:00am On Jan 08, 2023
Runup:

Thank you. please which broker can I use to trade E-minis.

You’d have to browse on it, I once’s helped a foreign friend, 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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