NewStats: 3,259,440 , 8,170,125 topics. Date: Sunday, 25 May 2025 at 02:38 AM 225716

Donsheddy:


Nice so on a 10k ... 200$ is good risk
I need validation for the bad habit wey i wan start like this

Yes, chief

zedegit:


Any prop firm wey dey use consistency or profit score na scam be that.
Marvin, Nostro and Ten trade get am. Run.

If you get better prop firm wey no use consistency score and get naira transfer.
I go get interest.

Blueberryfunded, I guess

Donsheddy:


Are you funded!!??

How many percent do you think is ideal to risk per trade

2%, comfortable zone

Donsheddy:


Are you funded!!??

How many percent do you think is ideal to risk per trade

What's the size o?

Pipsmarshall1:


The black lines are my entry, breaks becomes resistance and resistance breaks becomes . 4hr candle to hold or fold. Enjoy. Reward is 2R.

Simple strategy but hard to follow, once you can fully trust your strategy as a tool for trading, you are HIM. But you have to accept you cannot have it all and control greed( life is harsh if you are not careful)

Correct.

But what are those 3 Moving Average there? What are the numbers?

Pipsmarshall1:
I'm HIM of Gold Trading.

Omo, this strategy legit o. Abeg, share the MAs values, mbok. Thanks 😊

Skanas:


If you observe wella, The set rules of the last competition (Situp or stay out) looked beyond the prizes, it actually tried to groom disciplined traders, which is the goal in the long run. If you run this one devoid of strict rules, hmmmm all man go begin gamble ooo

You are not far from the truth. It was even on that ground that Infofirst asked, last year, what's the ideal lot size I'll recommend for $10K and ma answer was, I guess, not satisfactory enough, cos he pushed for 0.01 lot. Imagine that .

And I ed Gabsonfx2 saying, ko le work . And I leaned towards what Gabson said then. But, since I started seeing 0.02 lot vomiting huge profits on a short run, recently, I kinda want to accept Infofirst's opinion (see attached, just under 1 month)

enjoy the conversations, below

infofirst:
What lot size and how many positions will you recommend for a 10k challenge ?

samfelly:
On a 10k ? 0.06 (wit XU in mind), sir 🙈

Single position 😉

infofirst:
🤔
If you are to trade a $10k prop challenge and can only trade 0.01lot (10cents per tick) one position max at a time. And can only trade gold, Dax, dow, ndx, oil. How long will it take you to hit 8%?
Is it a waste of time or something that is truly the way to go?

Click each monikers below to see the responses;

GabsonFX2:
Complete waste of time.

You would need market to . . .

infofirst:
Thanks for the response. The thought came in an attempt to see how best to crack the risk mgt shit. Folks are losing big time and . . .

seeteazain:

4 months

Luada:
I hope you are aware that . . .

GabsonFX2:
A profitable trader targeting . . .

infofirst:
. . . And all these you have stated is at a high level that you are. Let's bring it down to the level of a struggling trader . . .

friendbee:
Yes o, the small traders will appreciate these little drops till . . .

Luada:
Psychology is the last thing after you have developed an edge . . .

BinaryRocks:
I should be able to hit 8% between 3 to 4 months.
I'm ready for personal evaluation Boss.

samfelly:
It will, indeed, take 2 years (in with Gabsonfx2's point). Then we go add Anger Management sessions am

Gold is ready now to go downtown, 2828

zedegit:
Baba samfelly when oga infofirst go do challenge?

Abeg tell me.

infofirst:


Na why I hum o. When we reach 200 pages, we get a competition. 10k reward ftmo prop acct for 3 people. 10k funded next for 2 people by God grace. It might be more depending on the spirit and how every dey go by then. But that will be minimum reward. Only active member will participate.
No fake pages.
FTA na our origin. Telegram na back up.
One must not affect the other. We will continue to run both but FTA must not collapse as long as Nairaland still dey.

VeeVeeMyLuv
Niceguy24
EFGH
AK284
Fxwarrior
Lanshile

Alexas58:


Lemme ad something
Discipline and risk management must be learnt!
This is not a game where you try to teach people everything.

Let everyone play with their lot sizes

So more people will go out fast.
What matters the most is daily breach and max draw down!

DXYY:


Well said, the market Is the Ultimate teacher

BTroMax:


Seconded.

It's a free world..

Funny enough, na then you go come see pipo go come dey play the game very well, just to tell you that natural selection favours them, as well

Check the PRIZES again o. E heavy o. Me go come play, anyhow? Emi ko

Davigle:
Eku mrkt ooo
Wuna good morning
Ah just dey comot for NL bot prisin,

@samfelly, I nzechu suggestions about the competitions, using fundednext monthly competition is the best way forward where we can get access to performance tracking without mago mago or wuru wuru shenanigans, although I don't think we need to follow their lot size rules, I'd rather prefer infofirst style just like we did during the sit up challenge where a maximum lot size cap of 0.1 lot was placed for the 10k, so we can empoy that for the 100k with 1lot and max of 2 open position, that daddy infofirst always preaches strict risk money management and a slow and steady approach... Thank you sir...

Okay, you're in-line with BrightFuture48. Good

CaptainJune:


Actually, it says the competitors cannot open more than 5 positions of each asset at any time. This means a person can open 5 lots of EURUSD, 5 lots of NZDUSD, 5 lots of CADJPY, 5 lots of USDCAD, 3 lots of XAUUSD, 3 lots of XAGUSD. As long as the trades don't breach the daily or total drawdown those trades are within the rules. This will not work with the kind of money management rules that will give equal opportunity to every competitor.

Besides, many may miss the opportunity to for a fundednext competition, and we know that on many occasions Infofirst allows late entry on very good reason which FN's competition does not allow.

These two reasons are the only things that make the FN competition entry unfit for the kind of flexibility and MM rules for which nairaland competition is known.

The boss don talk say no amount of, 'I use orunmila to beg you, sir,' go work o. Him don already stated that ONLY active from this May till when him go announce the commencement of the competition go partake. Anyone that comes afterwards are Locked Out, while participants are Locked In.

Till next one . . .

nzechu:
thank you

FundedNext, already has lotsize rule for their 100k competition, we can adopt it. There is no need to tailor it down to a 10k type of competition.

You can't HV more than 5 positions opened at same time.
You can't trade more than 3 lots on gold/induces and more than 5 lots on currencies.

We can adopt these rules.
With Thier dashboard you can read all the competitors trades. They only HV to before the monthly competition

Nzechu, ma guy

My brother wan there, win here

BrightFuture48:

That would be 1 standard lot with 2 max open positions. we use 0.1 of 2 positions during those competition.

100k = 1lot 2 max positions
10k = 0.1 lot 2 max positions

Yeah, this was exactly how the last competition, Sit Up, ran - comparing the two (size-wise). You're on point.

LincolnOnyeabor:
Trading Gold and Bitcoin these days ain't for the faint hearted actually.

Why you go dey romance two dare devils 😈?

nzechu:


FundedNext runs a monthly competition. They already have rules set out.

So everyone here s that competition, 100k , submit their profile to you, at the end of the competition, you retrieve everybody's performance.

And get your winners there

If it happened that we finally settled for this, what lot size rule (risk management) would you ask the host to introduced that can match a $10K type of competition?

jueezyjaey:

How about deriv trial , they have 10k

We are not talking or looking for ordinary trial/demo from Brokers, but a trial that comes with drawdown parameters, kinda.

If you are familiar with fxblue and what they do b4 they catapulted, then broker's demo/trial would sufficed.

Since we can not, presently, employ fxblue service, we now look toward Prop firm's trial that allows trading for a period of one month. The Prop firm's comes with drawdown parameters that'll help scrutinize each of us, automatically, in the competition.

I am testing few things out. We are close to getting what might work. Although, there'll be few complaints, but we'll manage 😁

Alexas58:
I just hope gold can get to 2850
Let me fill some positions

I think say na only me dey see 2828

russy1:
So sorry for selling and buying signals. I am alone here on night shift

Comot body o, till e go dey clearer

Elliotwaveforec:

Closed with 150 pips! I no trust this asset at all.

Standing by for another attack.

I just checked Gold now and see say where e dey now no clear to me. I don comot body, totally, till e go clear.

Where e dey now, e fit go up, e fit go down. But since I no know where e go go, make I preserve my capital jejeje

2pep:

What about ftmo free trial ?

Yeah, we know about FTMO and their standard $10k, but just like Elliotwaveforec said, the 14 days will pose as a plague/trouble to our cause.

Slimtuns:


Yes boss

I often equate funded to a farmland. A farmland that you just, jejely, keep harvesting from it - be it weekly or bi-weekly. Thus me saying 'Ota Farms,' back there

Slimtuns:

Thanks egbon but I no understand you o

Shebi this is the same funded with you withdrew from last time?

Elliotwaveforec:

Out of this buy! Gold rejecting the resistance up there at 3252. Buy not strong enough.

Why you exit? Market/Price dey go where this ma sell limit hung and awaiting it

samfelly:






Ma Sell Limit dey wait @ 3348, already

Greatheight:



I suggest fundednext 14 days trial in two batches or more:

1. All enlisted participants could and submit their details to you and everyone here in any way you decide.

2. Those who successfully the first 14 days should be allowed to commence the 2 or 3 batch depending on the numbers of batches you decide.

3. At the end of all batches then the aggregate total profit from the batches should be added up and the winners announced.

My humble opinion

Thank you over your suggestions.

You and 2pep are saying Fundednext, but aside the fact that it's just 14 days duration for their trial , they do not have $10k size of . Cos na $10k we normally flow with with our in-house contest.

BinaryRocks:
Make una no forget say vebson prop firm na confirmed scam prop firm.

My first ever payout from funded stage was denied with their day light robbery excuses.

My $50 profit share was denied.

No let their wayo action thwart the good trading spirit you gained while trading their . Simply transfer your A+ game, there, to Infofirst's forthcoming competition and strife to grab the 1st position's prize. We are rooting for you - and for each other

Slimtuns:
It's Monday again, let's keep the spirit high 💫🏌️

CONGRATULATIONS, Slimtuns.

'Ota Farms' is what you have there o. Fresh vegetables for you, every week

CaptainJune:


Lol. Being honest should be one way to reduce the stress of the host. I don't know much about how Darwinex operates but it is another good option of demo for the competition.

Emotions behind trading no go let some come clean

OfficialP:



Prop companies don traders.

I see one yesterday, NneOmaa prop.

Indeed, prop firms don olenty traders o.. Any where you look, prop firms full there. Thank goodness na giveaway we dey collect; we no dey put our hard earned monies, except for our time to trading any them hand us

Elliotwaveforec:
Alexas58 style is good for the competition, though cumbersome; but not fundednext trial which is 14 days. Any other broker with at least a month duration will do, manual checking will apply sha for DD breaching.

Forextime recommended, mt4

@samfelly

Thank u. Forextime, right? We'll see about that