To traders

[Charles-Tim]

Trading is very risky. Be it it crypto, forex, stocks etc. As long as it is about scalping or day trading, it is very risky. I do not know if what I saw about Mark Angel is true as I am not active on Instagram at all. But I think it is true. Anyone active on Instagram can confirm this for us.

How I lost $3.7m, properties to forex trading –Mark Angel

You can easily understand the news from the title.

Popular skit maker, Mark Angel, has revealed how he lost $3.7 million to forex trading, with his properties taken away by loan sharks.

Describing 2024 as his worst year in a post on Instagram on Sunday, the content creator said the losses brought him to the brink of hopelessness.

“The weight of the loss, over $3.7 million was suffocating. I was drowning in debts, and one by one, I watched all my properties slip into the hands of loan sharks. It felt like my world was crumbling, and in my darkest moments, I considered ending it all.

He said he was drowing in dept if not because of some people that supported him. A very wealthy person like that which was the second richest among the skit market was drowing in dept all because of trading.

It is not only forex, even all other trading is risky. Even if it is bitcoin, do not let its less volatile market than other cryptocurrencies fool you. It will only encourage you to use high leverage and the unexpected might happen. Hold, but only trade with the amount of money that you can afford to lose.

Be careful of those that will help you to trade. It is just a scam.

[Futurexxx]

It is not only forex, even all other trading is risky. Even if it is bitcoin, do not let its less volatile market than other cryptocurrencies fool you. It will only encourage you to use high leverage and the unexpected might happen. Hold, but only trade with the amount of money that you can afford to lose.

Be careful of those that will help you to trade. It is just a scam.

Trading is not that easy as most influencers makes it looks like, I have never seen anything my whole life as difficult as trading, even though I like trading because I am quite skilled in it, since it's something I have been into since 2018.
And if am not mistaken, it's the most difficult digital skill ever become knowledge alone is not enough in trading, you need;
Patience.
Emotional control.
Knowledge on when to stay off the market.
But know one thing, if all this skill is not being utilized properly, you are bound to lose money, so all this skill needs to be utilize properly before you can triumph in the market which we all know that it's easier said than done, especially on the part of emotional control.

[DPHOR]

Be careful of those that will help you to trade. It is just a scam.

Our people immediately they heard the news that such person traded and make such amount through trading, they wouldn't want to know the secret behind it, what you will see is for them to go ask how much do you put and how much do you get in return without even knowing the processes and what it takes for them to be that successful while trading.

I can't even give my heart earned money for someone to trade for me or even trying to use bot to trade knowing too well that i can buy and hold bitcoin for any numbers of years i feels like to holds before selling. Trading is cool when you know what you are doing than having to rely on someone to trade for us, at this point we put our funds into danger of losing them at any point, so buying and holding bitcoin is much more better than joining any forms of trading we don't know about.

[Gooner0]

Trading is very very complex, if not carefully followed with caution it may lead to An uncontrollable addiction that sometimes have consequences like that of Gambling.
From his story it seems like he traded without adequate knowledge, self control and with Greed.
I can't see why a content creator that has amassed a good amount of money would still trade like a greedy trader.
Well nevertheless if it is really true, then I hope he learnt some lessons.

[Marvelockg]

Trading is very very complex, if not carefully followed with caution it may lead to An uncontrollable addiction that sometimes have consequences like that of Gambling.
From his story it seems like he traded without adequate knowledge, self control and with Greed.
I can't see why a content creator that has amassed a good amount of money would still trade like a greedy trader.

what are you even saying. being a rich content creator that has the amount pf money mark angel has doesn't mean that he can't encounter losses in his trade or that he lacked the basic knowledge of forex trading before even venturing into it. just so you know, mark enjoy is one smart guy that took his time to study the content creation business and became the highest earning content creator even though he was less of a popular guy in the industry at the moment. i doubt that this is a case of lack of proper knowledge. even people that have all the wealth of knowledge in crypto, forex or every other form of trading still encounter losses which is a part of trading.

when some experienced men in the industry talk about staying fixed at investing rather than trading, most newbies and some others than have probably had some few profits in trading usually assume that such opinion is just a way of selling of ideology when in the real sense, that is not the case. Imagin buying a $3.4M worth of bitcoin at the start of last year and just holding it till this time? the profit he would have had would be nothing less than his capital and instead of losing that amount, he would have had at least $7M sitting in his wallet.

this is never to say that bitcoin investment doesn't have it downside or that on the short term, one cannot experience some losses, but this kind of huge losses is less peculiar to a bitcoin investor but is a common thing that most traders encounter if they are sincere enough to count their losses.

[sokani]

The information is very true and it's everywhere. He also said he contemplated committing suicide because of the mess he found himself. When I read the story, my conclusion is that he wasn't savvy and he was also greedy. I know any one can suffer loss, even professionals but to lose to the tone of $3.7 million dollars, that's huge. When he traded and lost few bucks, he would have accepted his losses and quited. My guess is, he was chasing it and kept losing until he ran into debts.

I'm happy he's alright now and he shared his experience so that people can learn from it and know what they're really getting into.

[Hatchy]

The fact that you need alot of money to make it big in the forex market, doesn't also mean you will. It's so sad that he had to go through all what he went through. Forex is not a game, you can't just jump in and expect to jump out when you have no idea what you are doing. Mark angel was never a forex trader, so losing such huge amount of money to trading would simply mean that he invested it with a Tader or copy trade. $3m is very huge and a real trade would not even think about making such risk. Though he estimated his total loss for the year I hope he learns a lot from this though. And to all those wannabe traders, forex isn't a get risk quick skill. It will rather break you to zero before you will make it. That's if you don't give up at some point.

[SmartCharpa]

The information is very true and it's everywhere. He also said he contemplated committing suicide because of the mess he found himself. When I read the story, my conclusion is that he wasn't savvy and he was also greedy. I know any one can suffer loss, even professionals but to lose to the tone of $3.7 million dollars, that's huge. When he traded and lost few bucks, he would have accepted his losses and quited. My guess is, he was chasing it and kept losing until he ran into debts.

I'm happy he's alright now and he shared his experience so that people can learn from it and know what they're really getting into.

But my question is, what are those skip makers still looking for when they have already made a lot of money creating content? To be honest, he was greedy, he would have accepted his losses and stopped. Omo $3.7 million, it's a huge amount of money that some people are praying to have, so they can think they're out of the trenches, but this life sha, you'll be praying for more money and another person will be praying to have like you, he could have killed himself if it hadn't been for those who stood by him while he was in that mess.

However, this is the reason we shouldn't trust anyone in this life. He lost most of his properties because he trusted the wrong person in forex trading, but Markangelcomedy is one of the richest skit makers in Nigeria. What could have made him do this? I believe we're all human and make mistakes throughout our lives, but I hope others learn from him, especially those who are launching fake projects to deceive people. I really feel bad for Markangelcomedy.

[Moreno233]

When I saw this news my mind quickly went to those ponzi schemes that scammed the hell out of Nigerians. This list is endless and due to how much headlines they made, I never believe there are still people in Nigeria that will give money to anyone to trade for him. I don't know if MarkAngel was sleeping when all those things were happening Abi them use juju lock am? I think even if he was hypnotized, there should be some level of greed in him for such thing to work because there is no way to justify giving someone over $3 million to trade forex, how much you wan make from the business kwa! The worst part is that the entire money is not his, the reason he has to sell properties to pay off loans. Make we use all these things learn sha.

[BIT-BENDER]

I agree with you trade of Crypto-currency or any other thing is super risky and some people can even compare it to gambling. I personally advice anyone who is interested to actually do a real and diligent research on trade and I don't mean just randomly buying courses from those social media traders, those guys are actually scams selling fake life to you so as to capture your interest.
About the mark Angel issue I am still not completely convinced he lost that amount of money on trading. If I have such amount I would not use it to trade.

[Coyster]

It is true that Mark Angel posted this on social media, but i don't think i believe that he lost that amount of money to forex, yes, maybe he lost money, but no be $3.7m. He said it is all of his money, i no believe say person go carry all of him $3.7m put for forex, without any kind of risk management.

That being said, trading dey very risky and you fit lose your money quickly, me sev i believe say trading and gambling na almost the same thing, no go put all your money for am, make you no turn debtor overnight.

[Josefjix]

To me, e be like this guy collect other of him other rich friends money use trade, why no be only your money collapse, e con be say your property follow, the people wey him no meet up to pay their agreed rate naim go collect him property so, i no trust this news, the coco news is hidden and e no clear.

“The weight of the loss, over $3.7 million was suffocating. I was drowning in debts, and one by one, I watched all my properties slip into the hands of loan sharks.

In forex trading, you only loss your money not property, this influencer dey get better funds from YouTube and other social media so this guy can recover his funds back within 2 weeks, what's the need to stake your property when it's easier for him to get back his money within some couple of weeks.

[Lida93]

Be careful of those that will help you to trade. It is just a scam.

Our people immediately they heard the news that such person traded and make such amount through trading, they wouldn't want to know the secret behind it, what you will see is for them to go ask how much do you put and how much do you get in return without even knowing the processes and what it takes for them to be that successful while trading.

I can't even give my heart earned money for someone to trade for me or even trying to use bot to trade knowing too well that i can buy and hold bitcoin for any numbers of years i feels like to holds before selling. Trading is cool when you know what you are doing than having to rely on someone to trade for us, at this point we put our funds into danger of losing them at any point, so buying and holding bitcoin is much more better than joining any forms of trading we don't know about.

Many if us before finding this bitcointalk community been done fall into such disastrous net out of ignorance but thanks to this platform the days of ignorance is over.  Nah the height of hardship way just dey the country na the make people just the find any channel then fit just put small money and get back profits sharp sharp without thinking twice to ask certain important questions about how the mechanisms actually the work as a way to understand the legitness of those things. If not how person wey Sabi about cryptocurrency go giv another person money to trade for am when him know wella how volatile the market be and unsure for anybody.

[Mr Shade]

Hmmm, over $3m? That is some crazy figure. About forex trading, the one i know more about; dated back in 2022, forex trading almost took my life until i stopped. I run into debt which am still trying to balance till now. Facts about forex trading which people tend to ignore is that, the amount of capital invested doesn't determine the wins. Number two is that; no matter how  long you've stay in the market you can never master it, be it fundamentally or Technically. Number three, your working strategy will never work the same way it did the other week. number four, no chart is simple!

Most of these influence that make it look easy can't even analysis a 15minute chart, most of them make their money from YouTube and tutorial classes they do host. And most of them are into internet fraud. But who am i to judge. WE WATCH WE DON'T JUDGE.

BEWARE: FOREX TRADING IS A MODERNIZE SPORTYBET, TRADE WISE, DON'T BE TOO GLUE TO YOUR ANALYSIS, ALWAYS TAKE PROFIT AND MOVE ON!

[sokani]

It is true that Mark Angel posted this on social media, but i don't think i believe that he lost that amount of money to forex, yes, maybe he lost money, but no be $3.7m. He said it is all of his money, i no believe say person go carry all of him $3.7m put for forex, without any kind of risk management.

I no go lie the story no too pure. Him fit don lose big money in forex as you talk am but that amount wey him say him to lose too much.

https://www.intelregion.com/entertainment/top-10-richest-skit-makers-in-nigeria-2024/
According to this 2024 article above, e talk say Mark Angel net worth nah $1.25 million dollars. I no say this estimation no dey precisely correct. But if him lose $3.7 million dollar, that's times three of him net work. Person fit use everything wey him get (money and properties) trade forex with koro koro eyes? So I find the figure hard to accept.

[Cityhunter34]

Indeed, trading is a very big risks, but still most people's don't want to hear. They are always after of making quick profits without realizing the risks involved in it, as far as trading is concerned your chance of losing is high, while the chance of making money from it is very slim, still people don't want to use their head. Trading is one thing I always avoid in my life, ever since had about the risk involved. However, I think It'll be better for us to stay away from any trading because is just all about risk.

[Yablee0]

As a trader before rushing into anything you must know what trading is all about, you must have the knowledge of all trading strategies, the doses and the don't  and more.

Having knowledge on current market trendings will go a long way in your success in it.

[nelson4lov]

Omo Mark Angel story never clear well jare. Too many details still missing. The reason I dey talk this one na because I don see senior traders wey get of experience and them dey trade with size but I never see them deposit and trade with $100k or more for a single position. Even if na $100k margin per position, no way mark angel just continue to deposit huge funds amd continue losing it till e finally reach $3.7m. Ain't no way.

I know say trading dey risky but this kind retard trading only dey for crypto and no forex.

[SatoPrincess]

I don’t believe the story. Mark Angel has been in the news for a lot of negative things recently that questions his credibility and how people see him. Regardless, things like this happen in forex a lot, traders often invest more than they can afford to lose and when the market moves against their trade, it is normal for them to feel depressed even up to the point of contemplating suicide. We can state a lot of theoretical facts about trading but the truth is high risk trading should be avoided. 

[adultcrypto]

Trading is very very complex, if not carefully followed with caution it may lead to An uncontrollable addiction that sometimes have consequences like that of Gambling.
From his story it seems like he traded without adequate knowledge, self control and with Greed.
I can't see why a content creator that has amassed a good amount of money would still trade like a greedy trader.
Well nevertheless if it is really true, then I hope he learnt some lessons.

You have made a very good point but the way you guys are going about trading and gambling make them appear riskier and more dangerous than they truly are. These are two wonderful businesses that can transform someone life within a very short period of time, we should not expect them to be that easy because nothing good comes easy. They only require the individual to invest in the right knowledge in order to develop an action plan that will lead to success. They test all the various characters of an individual and make him refined and well positioned to make wise decisions only without fear or any atom of greed. This is just the way to succeed in forex trading and gambling.