To traders

[Different patterns]

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.

Everything is easy to say, if I may say, $3.7m is a very big amount. If anyone hears this, that someone loses this can amount in trade is more than a shout, I don't even know what can encourage someone to put that kind amount in trading; that's very scary because this can cost silent death when we know trading is all about losing or gaining, but sha we are the one surprised and shouting the person that lost this kind amount is fine now because I believe he has more than that.

[Cummingbird]

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.

Learning trading is about 80% from experience, infact trading is the definition of experience is the best teacher, that's why is good to back test and an practice in a demo account so you dont need to get those experience from your real money.

[BitcoinTimi]

Trading is very risky and it's not easy as well, but all this online influencers had made it look less risky and very easy that's why people are going into trading and losing money here and there all because of the misleading information gotten online, and my advice to newbies like me is to stop listening to all this online influencers who are just bragging over nothing online.

Does who are new to cryptocurrency should just take there time and learn to understand what cryptocurrency is all about how it works then it can be easy for them to identify good ways that we be suitable for them to make good money from it and not just by jumping into trading, because of what they are hearing or watching online, on how people are making money from trading.

Though am not saying that people shouldn't trading oh you can trade but time your time and learn the trading very well, have good knowledge about trading and how to navigate the market before you can start trading in the crypto space.

[Mehmet69]

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.

Learning trading is about 80% from experience, infact trading is the definition of experience is the best teacher, that's why is good to back test and an practice in a demo account so you dont need to get those experience from your real money.

You are somewhat right. It is possible to get knowledge from a demo account, but it is not possible to get 80% knowledge. There is only one difference between a demo account and a real market. A demo account does not require money. A real account requires money. But the market is always the same.

Now the main thing is that most of the users are not emotional while using a demo account. They are ready to take any trade without thinking much. They do not have any thoughts in their mind that they will lose or win. They just keep trading according to the instructions given by their mentor.

But, when they do real trading, they are most afraid of losing money. They cannot get the thought of losing out of their mind. They feel pressure in every trade. Due to pressure, they make small mistakes again and again.

This is one of the reasons why a trader loses money again and again.

[Richbased]

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.

Learning trading is about 80% from experience, infact trading is the definition of experience is the best teacher, that's why is good to back test and an practice in a demo account so you dont need to get those experience from your real money.

So do you think that trading with a demo account can give you a better edge when trading with a real funded account, demo account is just like a kind of familiarizing yourself with how trading works so it's not as if you trade with a demo account you can now do better with main account. I agree that trading is about being experienced but it is being backed up by lucks sometimes because even if you are a pro in trading, there will come days when you can run losses in your trades but the reason why it seems like it doesn't affect them is that they can recover their losses in subsequent trades. However, trading comes with its own risk so you should be able to trade responsibly to avoid regrets.

[DiMarxist]

I don't know his experience in trading and believe say before him go use that kind plenty for trading, him don used am get profit and he loss that day because of his unlucky day. I don't think there is any expert in trading that have not loss funds. If a trader e too careful sef him go lost funds and if not dey care him go still lost funds. Na di over careful go make traders dey set TP/SL yet the movement of the market dey penetrate TP or SL dey make di trader loss.

If you dey trade don't leave the page and always be there checking the movement. One small mistake your money don go be that.

[Joy- maker]

Trading is very risky and it will remain risky No matter how those who traders try to spices it up, that's why if anyone want to go into trading they should take there time and learn how to trade very well before putting there money if not they will end up loosing money in trading without making any profit from trading.

As for mark angle he lost money in forex trading, because he never has good knowledge on how to navigate the market before placing his trade, or maybe he must have copied a trade from one of this online influencer which landed him in such mess.

[Wiwo]

Trading is for those that have the balls to withstand any pain and lose that mazy co.e along the line, because no matter what you think or any skills that you may have built, you will be in a deficit position as long as you are Trading cryptocurrency.

The volatility features of crypto make it Trading to be unpredictable all the time and for that, if you are someone who trades derivatives like me, you will hit the liquidation zone in multiple accessions so for sure you have to be prepared to face whatever comes along with that as time goes on and prepare your mind that you can lose at any point.

[Agbe]

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

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.

A lot of people has this idea of giving money to people or organizations who call them selves traders but to me this is not a good thing to do because trading is a serious business that requires knowledge and attention so giving your hard earned money to others in trading for you should be discouraged because you may not know how the person you are sending money to trade to trade for you, you can fall scam to it because after making money they will tell you that they lost all the money the key when it comes to trading is learning how to trade by yourself and if you can't do it just invest in Bitcoin

[Jostern]

Trading is very risky and trading will continue to be risky, I know people that trades will never agree that what they do is risky, and you have to be willing and strong hearted to be able to trade because there are a lot of losses in it, It’s also important to have a good understanding and knowledge about Trading, I will advice some that is trading to apply caution and have some understanding. And when trading you should be careful and cautious about your finances, and also to have a good income. That could sustain when the looses Comes from trading. Trading you also have to be focus and put your attention on your trade. Because if you don’t watch and monitor your trade on a regular basis. Boom your money will be gone.

[Barikui1]

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.

One thing that I hate most in my life is being too ignorant in anything or something that you which to make money from, even though you are not that skilled in it, at least have a little bit of knowledge, because that will save you a lot, and just as you have rightfully said, if he had a little bit of knowledge about trading he wouldn't have ever use such a huge amount of money to trade at once without thinking about managing his risk, and this is one of things that normally happens to a newbie that will make him sees trading as scam, not knowing that it's his ignorance or I would say his greed that makes him sees trading as an easy way to increase his wealth.
Furthermore, this huge loss that he incurred is a very big lesson to most newbies out there, that trading is not a get rich quick scheme, and it's not as easy as it seems or how most influencers makes it looks like.

[Ndabagi01]

….
Furthermore, this huge loss that he incurred is a very big lesson to most newbies out there, that trading is not a get rich quick scheme, and it's not as easy as it seems or how most influencers makes it looks like.

This happened to Mark Angel because he was not aware that trading is not a get rich quick scheme and I’m also having a feeling that he was convinced to put more money so that he can win bigger, that made him risk more and then lost everything in the end. It is important that we have the knowledge of something even though we don’t have the full knowledge of how it works, it’ll help us in managing our risks in the investment. I have seen people paying for signal classes and don’t know how to apply risk management to their trades and then end up liquidating their accounts, they use same lot size and leverage as the person sending them the signals and that makes it easier and faster to get liquidated. Don’t just be a dummy, have some knowledge of what you’re investing your money into.

[Charles-Tim]

This happened to Mark Angel because he was not aware that trading is not a get rich quick scheme and I’m also having a feeling that he was convinced to put more money so that he can win bigger, that made him risk more and then lost everything in the end.

I do not think he thought crypto is a get rich quick scheme but he was ignorant about trading and he was advised by those that trade for him that he can make money from trading. We do not know what the advice is which can be about get rich quick or not get rich quick but we definitely know that he was ignorant about it until he lost such huge amount of money.

[Zigabel]

Just like every other business nad works of life, trading isn't easy and at the same time trading has made some persons rich asn those who are rich became even richer, I'm not saying I'm doubting how poor trading can get some one but it's just a two edged issue and by that I mean it goes both ways and it will only be fair enough considering it in that light and not seeing it from just one point because Simeone suffered a misfortune from one side of trading.

I have always advocated for proper knowledge of anything at all before venturing into them at certain levels.  Another thing to consider too could be the persons he listened to within the periods all of this happened because that amount is just so huge to loose just like that, literally even prop firms will hardly fund someowith such amount.  I also want to think that if he had the proper knowledge and guidance this wouldn't have bwfallen him, but like a regular man he may ha e want to double up what he's got without trying to understand how best he should go about it and how patient he needed to be and not wanting it Al at once at a time.

[Rgram]

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.

Yes na true you dey talk so..
Most times na gamble E Deh behave like in terms of liquidating your positions but if to say na something wey person calm down analyse before E take am even tho E liquidate you me no Deh see am as gambling sha..na just one of those bad analysis I dey see am as..

[Doan9269]

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.

If he can have up to this amount of money in USD, then i don't see any reason for him to trade than to invest on certain coins and hold them to be more profitable at minimum risk, also, from the other hand, i may not sincerely believe he has up to this amount and still went ahead to trade with such, knowing that he is into comedy, but since everything here does not shows that they are into any show or comedy set, then its likely to be true, well, since he is a content  creator, he will conveniently earn more and recover his lost with time and learn his lessons.

[Versatile_choice]

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.

Obviously trading has a high level of risk, which is why we don't need to engage ourselves into trading. Especially this forex trading, forex always require enough knowledge and without you having those basic knowledge about it, definitely you will just say good bye to your money. Though what you saw may be true but the thing is that I always disagree with whatever information that came from those content creators, because sometimes they might just decide to use that for thier content. Not that I'm having a doubt about that, I hope you understand what I mean.

[CryptopreneurBrainboss]

Just like every other business nad works of life, trading isn't easy and at the same time trading has made some persons rich asn those who are rich became even richer, I'm not saying I'm doubting how poor trading can get some one but it's just a two edged issue and by that I mean it goes both ways and it will only be fair enough considering it in that light and not seeing it from just one point because Simeone suffered a misfortune from one side of trading.

Trading hasn't really been fair when judging from the number of people that have been affected and those that have been rewarded. Sha everything still boils down to how we go about everything. If you no study well, you no go sabi trade and na so losses you go dey get. We get plenty people wey dey this side than the side wey be say them dey see better rewards. You no fit chop wetin you no work for trading unless you get cash to use they buy signals and still you no dey do yourself any good. There's two outcomes from tracing and the choice dey for your hand to choose which one you go wan dey. Do that by taking trading classes to perfect the craft.

[CryptoHeadlineNews]

Just like every other business nad works of life, trading isn't easy and at the same time trading has made some persons rich asn those who are rich became even richer, I'm not saying I'm doubting how poor trading can get some one but it's just a two edged issue and by that I mean it goes both ways and it will only be fair enough considering it in that light and not seeing it from just one point because Simeone suffered a misfortune from one side of trading.

Trading hasn't really been fair when judging from the number of people that have been affected and those that have been rewarded. Sha everything still boils down to how we go about everything. If you no study well, you no go sabi trade and na so losses you go dey get. We get plenty people wey dey this side than the side wey be say them dey see better rewards. You no fit chop wetin you no work for trading unless you get cash to use they buy signals and still you no dey do yourself any good. There's two outcomes from tracing and the choice dey for your hand to choose which one you go wan dey. Do that by taking trading classes to perfect the craft.

Mark angel makes roughly $50,000 per month from ads revenue of his content creations across all social medias (i.e YouTube, Facebook, TikTok and Instagram), and as such, it's possible he may have gone into forex trading with a wrong mindset of trying to compete with the likes of "Blood and Habby forex" while skipping the basic fundamentals of forex trading, simply because he knew he had the money, and sure of an incurring revenue monthly, which I'm sure must have prompted him into investing such a huge sum (i.e $3.7 million) in forex trading with with high risk, when we had the likes of Bitcoin with low risk associated with it, and yet a reasonable return of investment in the future.

[Nheer]

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.

When i saw the news about Mark Angel's loss in forex trading i also couldn't believe it but then i thought why would he lie about losing money in forex trading and i thought it could be a strategy for publicity but then he is already a well known person in the country and across other African countries as well so i don't see a reason to fake it.
Money no just de do person if not if you have made such money from content creation why would you think of diversifying into something risky like trading instead of choosing some physical investment like holding Bitcoin or housing and real estate.

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.

You're right, people are just more concerned about doubling their money and don't even care how they would do it or how risky it is. Even with knowledge trading is risky and there is no guarantee of profit so when engaging in it we should have in mind that it's a 50/50 chance and anything can happen.