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Journal For My Fx Naira Account by Greatheight: 7:50am On Apr 29 |
Hello everyone! I'm here to keep journal of my small naira account with a broker. The purpose is to deposit at least #25,000 minimum and withdraw any withdrawable profit gain in naira as my own money management. I'm targeting #1,000,000 trading balance for this account. NB. Once profit is made I will withdraw from the initial balance of #25,000 multiples. This thread is not for teaching, training, or financial advice but simply for motivation and encouragement to forex traders. You can do it, once you pray, believe and put in hardwork in learning! Find your edge... 1 Like |
Re: Journal For My Fx Naira Account by Greatheight: 7:54am On Apr 29 |
I opened the naira account and deposited #25,000 today, trades made and profit gained as shown below. Next is withdrawal... 1 Like
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Re: Journal For My Fx Naira Account by Greatheight: 8:02am On Apr 29 |
Profit withdrawn and account balance reset to #25,000 in less than 5 minutes. Bravo! 1 Like
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Re: Journal For My Fx Naira Account by Greatheight: 10:55am On Apr 29 |
I quickly bought eurjpy with the lowest naira lot size available and made #1074. I will trade again when there is a chance to do so for a new withdrawal. Today's profit gained is #5695.49 1 Like
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Re: Journal For My Fx Naira Account by Greatheight: 1:41pm On Apr 29 |
Today's total profit is #9159 Today's balance #25,000 A new withdrawal done and balance reset as seen below 👇
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Re: Journal For My Fx Naira Account by Greatheight: 4:13pm On Apr 29 |
Today's profit gained increased to #13,586 from #9159. I took 2 trades on eurusd and got #4427. Currently selling usdcad... Once usdcad ends profitably then I will withdraw the 3rd gain today.
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Re: Journal For My Fx Naira Account by Greatheight: 4:29pm On Apr 29 |
3rd profit #4,427 gained withdrawn and balance reset to #25,000.
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Re: Journal For My Fx Naira Account by FxExpo(m): 5:15pm On Apr 29 |
You are doing well bro just keep it up and avoid distractions because this country hard no need to fold hands 1 Like |
Re: Journal For My Fx Naira Account by FxExpo(m): 5:16pm On Apr 29 |
Greatheight:Which broker offer this account? |
Re: Journal For My Fx Naira Account by Greatheight: 5:17pm On Apr 29 |
FxExpo: I'm indeed grateful for your kind words. God Almighty bless you more in all your heart desires... |
Re: Journal For My Fx Naira Account by Greatheight: 5:18pm On Apr 29 |
FxExpo: Exness broker. You need to select NAIRA as your currency during your registration. |
Re: Journal For My Fx Naira Account by Greatheight: 5:20pm On Apr 29 |
I have added 2 small sell positions to my usdcad trade. I won't be greedy for gain, once the profit figure is withdrawable then I will close them all and withdraw again. Also I cut my loss low.
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Re: Journal For My Fx Naira Account by seeteazain(m): 5:39pm On Apr 29 |
Howfa your mffx prop firm? Why did you leave the prop space for private account |
Re: Journal For My Fx Naira Account by Greatheight: 10:18pm On Apr 29 |
seeteazain: Prop firms is a medium to long term project. Private account is just for freedom to explore quick profits gain without any fear or anxiety by drawdown rules. For instance, I could afford to risk #25,000 to #50,000 without much hassle and which means high risk to high gain in a short time. I hope you understand. |
Re: Journal For My Fx Naira Account by seeteazain(m): 7:31am On Apr 30 |
Are you still trading on prop firm |
Re: Journal For My Fx Naira Account by wany(f): 6:58pm On Apr 30 |
And Greatheight:And what is the minimum withdrawal from excess in naira. |
Re: Journal For My Fx Naira Account by Greatheight: 11:17am On May 07 |
seeteazain: No for now but doing other businesses in addition to private trading accounts. Be careful of prop firms now except a few of them. |
Re: Journal For My Fx Naira Account by Greatheight: 11:17am On May 07 |
wany: It varies per day. #4000 on an average... |
Re: Journal For My Fx Naira Account by Greatheight: 11:23am On May 07 |
I increased my account balance with #25,000 to #50,000 with a new account and old account for withdrawal purpose via internal transfer. Trading activities started yesterday with just a net profit of #416 only and currently today with a new net profit of #4847. Howbeit, I will only target an average of #500 ( 1% of capital balance) on this account and once made I will transfer the profit to my old account. NB. Once #4000 to #5000 is made as said from my first post then I will withdraw it; same process but with less risk exposure due to expected average withdrawal target.
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Re: Journal For My Fx Naira Account by Greatheight: 12:31pm On May 07 |
I added 2 more 0.01 buy positions to my trade and closed all the buy trade positions with a small loss of #1100+ Afterwards, opened new sell trade positions and recovered previous loss with a new withdrawable profit as seen below.
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Re: Journal For My Fx Naira Account by Greatheight: 12:50pm On May 07 |
Internally transferred profit of #4,478 withdrawn and banked... Today's total profit gained and withdrawn is #9,325. Account reset to #50,000.
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