Do you think you can turn $200 into $400 in six weeks?
Member Since Aug 22, 2012
170 posts
Oct 12, 2012 at 22:55
Quick100 posted:
Yes sir,i can do this even without putting the capital at risk. to make this 3.5% daily, i won't even risk up to 8%.
ya, saw your accounts, funny thing this is here..I noticed you said you drained two accounts due to bad settings...
Member Since Aug 21, 2012
6 posts
Oct 15, 2012 at 16:20
primetradersclub posted:Primetradersclub
Yes it's not to hard for us..:) You can check our profil..
Experience: Over 5 years
Gain: -67.58%
Drawdown: 88.79%
Pips: -383.1
Yea I'm sure it is...
The amount of delusion in this thread is mind-blowing. On both sides of the ball that is.
It takes years to build a reputation and 5 minutes to ruin it. If you think about that, you'll do things differently.
Member Since Jan 14, 2010
556 posts
Oct 15, 2012 at 16:36
Cyal8rloser posted:primetradersclub posted:Primetradersclub
Yes it's not to hard for us..:) You can check our profil..
Experience: Over 5 years
Gain: -67.58%
Drawdown: 88.79%
Pips: -383.1
Yea I'm sure it is...
The amount of delusion in this thread is mind-blowing. On both sides of the ball that is.
😀 Nice catch.
Sellers often talk the talk, but can't walk the walk.
Member Since Aug 22, 2012
170 posts
Oct 15, 2012 at 22:57
Cyal8rloser posted:primetradersclub posted:Primetradersclub
Yes it's not to hard for us..:) You can check our profil..
Experience: Over 5 years
Gain: -67.58%
Drawdown: 88.79%
Pips: -383.1
Yea I'm sure it is...
The amount of delusion in this thread is mind-blowing. On both sides of the ball that is.
And how many accounts did you blow Cyal8loser? Stop pointing the finger at others. What would your stats look like if you hadn't opened new accounts?
Member Since Aug 21, 2012
6 posts
Oct 16, 2012 at 06:28
incometrader posted:Given the fact that so many here are on an inferior intellectual level and can't even form a proper sentence, I'll try and keep this simple.Cyal8rloser posted:primetradersclub posted:Primetradersclub
Yes it's not to hard for us..:) You can check our profil..
Experience: Over 5 years
Gain: -67.58%
Drawdown: 88.79%
Pips: -383.1
Yea I'm sure it is...
The amount of delusion in this thread is mind-blowing. On both sides of the ball that is.
And how many accounts did you blow Cyal8loser? Stop pointing the finger at others. What would your stats look like if you hadn't opened new accounts?
Don't think of my actions as pointing the finger at others and trying to make trouble. What I'm really doing is exposing the fraud in this thread for others too blind to see it. You have tons of losers claiming they can do it, when in reality all they do is blow accounts. You also have tons of losers claiming it can't realistically be done, just because they can't do it. It's pretty obvious that ALL of these people trying to sell their system/strategy/EA are losing traders.
Think about this for a moment. From a logical point of view, if someone found the so-called holy grail to forex trading, why would they want to share it with you? A good correlation is that of the online poker world. Just like forex, what you have are tons of losing players/lucky bad players who try to sell their books/strategies to the sucker dumb enough to buy it. Even if they were superior players with winning strategies, why would they want to make the poker community(their opponents) better? For those who can't relate to this, think of the California Gold Rush in the mid 1800s. For lack of a better term, the person who discovered it and opened their mouth was an idiot. Don't you think a wise person would keep to themselves and milk their strategy/discovery and take advantage of their opponents as long as they could?
It's funny that you attack me with this statement. I began experimenting with forex less than 2 months ago and skipped demo altogether. For the record, I blew my first account, which I kept small as I was using it to learn. Since then, I've doubled 2 accounts in 2 and 3 weeks respectively. While my sample size is small and I'm not labeling myself as a prodigy just yet, it's pretty safe to say that I'm in the 5%. Now compare me to the others in this thread. You have years of experience under your belt and you still aren't profitable. You should be ashamed to even call yourself a forex trader with all that experience and nothing to show for it. To conclude, think of what I will have accomplished when I've had as much time trading as you.
It takes years to build a reputation and 5 minutes to ruin it. If you think about that, you'll do things differently.
Member Since Jan 14, 2010
556 posts
Oct 16, 2012 at 09:41
@Steven, no one is pointing a finger at you. Simply if one publishes his trading performance, he should be ready for criticism - for good or for worse. Many of us blowed accounts or lost money, so that's no surprise.
@Cyal8rloser - do you come from a poker background? Forex seems to be easy for you, so I would be interested to know what and/or how did you learn to trade forex in such a short time (of course your track record is short however looks very promising).
@Cyal8rloser - do you come from a poker background? Forex seems to be easy for you, so I would be interested to know what and/or how did you learn to trade forex in such a short time (of course your track record is short however looks very promising).
forex_trader_95541
Member Since Oct 17, 2012
8 posts
Oct 18, 2012 at 11:38
Cyal8rloser posted:
Stupid question. This is easily doable in less than 3 weeks.
And after that you decide to blow your account...
Now your in the 95% buddy ;)
Member Since Aug 22, 2012
170 posts
Oct 18, 2012 at 12:01
:)
Member Since Dec 15, 2010
795 posts
Oct 18, 2012 at 17:47
(edited Oct 18, 2012 at 17:48)
I can do 100% a month on demo,some times 1000% but live always blows the accounts! Everyone should be very careful in trading high risk. Seems like real money attracts negative trades! lol Im using a home made ( My design)antimartigale neg correlation EA that trades both ways ( straddles ) and only trades on high level news. Foreward testing only. Can trade one pair or 18. Blows 2 out of 3 accounts on the long term. No holly grail found, but still looking. Any ideals?
Click on my Name to see My Live Charts and Bio.
Member Since May 30, 2012
134 posts
Oct 18, 2012 at 18:30
accounts get blown,
part of learning process,
When things go well I tend to oversize the risk,
and then boom,
account blown when market goes against stratigy.
Classic mental fail.
part of learning process,
When things go well I tend to oversize the risk,
and then boom,
account blown when market goes against stratigy.
Classic mental fail.
I am the change in the market that causes you to lose :p / Watch out before I negative pip you! ^^
Oct 18, 2012 at 21:07
(edited Oct 18, 2012 at 21:08)
Perhaps you guys should consider risking much less on each trade and shooting for a consistent 10% - 20% net gain each month. Spread out your success and reduce your risk at the same time. You don't have to stress yourself out trying to double your account in a week. Consider how it would feel to double every 6 months, consistently. And when you reach your goal each month, STOP TRADING. This is how you become a successful trader. Just my opinion of course.
Oct 18, 2012 at 21:16
To double a small account is relatively easy and doesn't take very long because the trader doesn't feel like he's risking a lot with each trade. However, to double a $10,000 account would be harder and take longer. So, more credit should be given to a trader who has doubled a bigger account.
Discipline. Patience. Knowledge.
Oct 18, 2012 at 21:17
This is easily attainable if you compound 2% daily for 30 (6 weeks x 5 days/wk.) days. Or you can just do a simple return of 3.3% per day. However, this gets psychologically harder with something like turning $200k into $400k.
A man should look for what is, and not for what he thinks should be.
forex_trader_95541
Member Since Oct 17, 2012
8 posts
Oct 18, 2012 at 23:51
(edited Oct 18, 2012 at 23:52)
Just stop talking of doubling your account, or any account for that matter in a month...it's pure stupid and reckless. Regardless of the mathematics behind your reasons for justifying why it may appear easy. No wonder why so many people can't trade, its a total joke.
Member Since Oct 19, 2012
5 posts
Oct 20, 2012 at 18:39
I managed to achieve this in two weeks back in july with my real trading account, but shortly after I ended up wiping my account...was taking on too much risk and it eventually caught up with me.
Member Since Jul 03, 2012
186 posts
Oct 23, 2012 at 14:14
I think the only one who really understood this was Geereg. CahllengeFX, the reason so many people are not able to trade is because they simply do not understand it.
Pax puts the X in Forex.
forex_trader_95541
Member Since Oct 17, 2012
8 posts
Oct 23, 2012 at 21:05
I still disagree completely, even making 2% daily is just not possible in the long term, no matter how you sweeten up the offer. The only aspect that Greg understood, and with no disrespect to Greg, is one possible mathematical approach.
Oct 23, 2012 at 23:01
(edited Oct 23, 2012 at 23:22)
ChallengeFX posted:
I still disagree completely, even making 2% daily is just not possible in the long term, no matter how you sweeten up the offer. The only aspect that Greg understood, and with no disrespect to Greg, is one possible mathematical approach.
Hey, i don't want to get into an argument here. ChallengeFX, you seem to be an intelligent person. Believe me, I am not being sarcastic. But, you say that you are 'not showing me disrespect' by your comment. But, in a way you are. How do you know that the 'only aspect that Greg understood...' You don't know who I am? Well, do you? Sorry, I hope I didn't offend you. But, I don't like it when people say what I know or what I don't know. I would never so that to you. Because I don't know you. The only thing I know about you is that you don't know anything about me.
OP asked a simple question. 'Do you think you can turn $200 into $400 in 6 weeks?' So, I assumed that he was asking for one's opinion on his own ability. If he would have phrased the question as 'can the average joe consistently turn $200 into $400 in 6 weeks?', or 'do you think can you consistently turn $200 into $400 within 6 weeks?', my answer would have been very similar to yours. But you see, I was not answering on anyone else's merit but my own. So, how are you going to answer for me? If you don't feel that you can achieve this type of return with a small amount, that is ok. If you feel that you can, that is ok too. But, you shall not say that it is impossible for anyone to do, regardless how unlikely. I have had similar results with small accounts on more than one occasion. Even currently, I started over with a similar size account. I am up close to 42% in one week. But you are absolutely correct. Extremely high daily yields are very difficult to achieve in the long term, but he asked in the short term (6 weeks). Six weeks isn't long enough to judge results. Especially, my results after one week. I would be foolish to show off my statement to start a hedge fund based on one week, six weeks, or 6 months. But, in the short term anything is possible! Doubling a small account by using high leverage is definitely possible. I've done it.
A man should look for what is, and not for what he thinks should be.
Member Since Jan 14, 2010
556 posts
Oct 25, 2012 at 15:32
ChallengeFX posted:
I still disagree completely, even making 2% daily is just not possible in the long term, no matter how you sweeten up the offer. The only aspect that Greg understood, and with no disrespect to Greg, is one possible mathematical approach.
You can't guarantee 2% per day, but you can definitely have such an average longterm, along with compounding.
Member Since Jan 14, 2010
556 posts
Oct 25, 2012 at 15:35
I also think that its not a question of is it possible, but a question of who is going for it - successful traders with large amount of money in their accounts don't look for such returns simply because of the risk associated - I think the less experienced trader you are, the higher target of return you'll see for your self; as time goes by and you understand trading (and risk) better, so does this 'target' goes down.
