Do you think you can turn $200 into $400 in six weeks?
Apr 03, 2013 at 06:55
essenn posted:True, only if a demo is treated as a true live mirror. If you go ape with large lots, then it's not realistic; unless you have that kind of capital. You can get various demo types 5k-10k etc that gives it more reality. Plus it keeps the mind sharp when not trading for real in down market times. Depends on how you use it. Works for me both demo and live, I don't post live cause I have my investors and this is my workshop.
A demo account is an accurate representation of a live account, If a Pro trader or A well designed EA run profitably on a Demo account then it's 99.99 percent certain these results can be replicated in a Live account ...
C~
"Live The Dream"
forex_trader_80889
เป็นสมาชิกตั้งแต่ Jun 13, 2012
30 โพสต์
Apr 04, 2013 at 16:25
TheLastBear posted:
I am wondering how many of you think they can turn $200 into $400 in six weeks? How would go about doing that?
Of course i can do 100% in less then six weeks with low risk!
HI There. Nice Thread... Me and my Team developed a strategy expecially for small accounts to gain big profits. Check my System Page or see the real money live account on www.brokermonster-forexrobot.com
Apr 04, 2013 at 17:22
Tera1903 posted:Simple; last night prime example, I was commuting home at 11pm CDT US when the BOJ doubled up on everything. You catch at trade like that, place the max you can with no limit, but stop about 10 pips, and let it rip. Then you have more leverage to boost on other trades. A trader friend was on the trade but but only got 40 pips out of nearly 400 pip run. That's why I rarely put limits on trades if Im staying with the trade, it's burned me like that. I didn't get anything but a thrill of watching cause I was out of place. It happens, timing is everything. Point made, 1 big trade, = more leverage then some other good trades on balance, and you've got it. I banking on the BOJ move to put the USD and EUR; well short YEN on a long term bull run for cross pairs.TheLastBear posted:
I am wondering how many of you think they can turn $200 into $400 in six weeks? How would go about doing that?
Легко! Тем и занимаюсь.
"Live The Dream"
forex_trader_119157
เป็นสมาชิกตั้งแต่ Mar 28, 2013
14 โพสต์
Apr 07, 2013 at 08:49
Of course
forex_trader_113430
เป็นสมาชิกตั้งแต่ Feb 22, 2013
19 โพสต์
Apr 07, 2013 at 19:29
I was able to get 200+ pips out of the boj move, I think that trading on fundementals it is wise to set tight stop loss and let take profits to be determined. The USD/JPY has low margin requirements and can move several hundred pips in a day so you can easily turn 200 into 400 in short time. This week should be very interesting for YEN pairs I usually trade AUD/JPY and USD/JPY. I have 2 real accounts with FXCM and on Friday I requested another real account with the profits that I made on my 2nd account. Since I am a trend scalper 3 accounts will keep me pretty busy. Good Luck
เป็นสมาชิกตั้งแต่ Mar 03, 2013
321 โพสต์
Apr 07, 2013 at 19:35
I have something better.....
The Aussie Way to fix this Bloody Crisis 😎
Subject: Dear Ms Gillard
I absolutely love this, who-ever thought it up is a genius, they need congratulating. enjoy
Dear Ms. Gillard,
Please find below our suggestion for fixing Australia 's economy. Instead of giving billions of
dollars to banks that will squander the money on lavish parties and unearned bonuses, use
the following plan..
You can call it the Patriotic Retirement Plan:
There are about 10 million people over 50 in the work force. Pay them $1 million each severance
for early retirement with the following stipulations:
1) They MUST retire, ten million job openings – unemployment fixed.
2) They MUST buy a new Australian car, ten million cars ordered - Car Industry fixed.
3) They MUST either buy a house or pay off their mortgage - Housing Crisis fixed.
4) They MUST send their kids to school/college/university - Crime rate fixed.
5) They MUST buy $100 WORTH of alcohol/tobacco a week and there's your money back in duty/tax etc
6) Instead of stuffing around with the carbon emissions trading scheme that makes us pay for the
major polluters, tell the greedy bastards to reduce their pollution emissions by 75% within 5 years or we
shut them down.
It can't get any easier than that!
P.S. If more money is needed, have all members of parliament pay back their falsely claimed expenses
and second home allowances.
If you think this would work, please forward to everyone you know.
Also, let's put the pensioners in jail and the criminals in a nursing home, this way the pensioners would
have access to showers, hobbies and walks, they'd receive unlimited free prescriptions, dental and medical
treatment, wheel chairs etc and they'd receive money instead of paying it out, they would have constant
video monitoring, so they could be helped instantly, if they fell, or needed assistance, bedding would be
washed twice a week, and all clothing would be ironed and returned to them, a guard would check on them
every 20 minutes and bring their meals and snacks to their cell, they would have family visits in a suite built
for that purpose, they would have access to a library, weight room, spiritual counselling, pool and education,
simple clothing, shoes, slippers, PJ's and legal aid would be free, on request, private, secure rooms for all,
with an exercise outdoor yard, with gardens, each senior could have a PC a TV radio and daily phone calls,
there would be a board of directors to hear complaints, and the guards would have a code of conduct that
would be strictly adhered to.
The criminals would get cold food, be left all alone and unsupervised, lights off at 8pm, and showers once a
Week, live in a tiny room and pay $600.00 per week and have no hope of ever getting out.
Think about this, more points of contention:
THE AUSTRALIAN CONSTITUTION They keep talking about drafting a Constitution for Iraq ... Why don't we
just give them ours? It was drawn up by a lot of really smart guys, it has worked for centuries and we're not
using it anymore.
THE 10 COMMANDMENTS:
The real reason that we can't have the Ten Commandments posted in a courthouse or Parliament, is this -
You cannot post 'Thou Shalt Not Steal', 'Thou Shalt Not Commit Adultery' and 'Thou Shall Not Lie' this is in a
building full of lawyers, judges and politicians...... It creates a hostile work environment.
Also;
Think about this .... If you don't want to forward this for fear of offending someone -- YOU ARE PART OF THE
PROBLEM! It is time for Australia to speak up!
The Aussie Way to fix this Bloody Crisis 😎
Subject: Dear Ms Gillard
I absolutely love this, who-ever thought it up is a genius, they need congratulating. enjoy
Dear Ms. Gillard,
Please find below our suggestion for fixing Australia 's economy. Instead of giving billions of
dollars to banks that will squander the money on lavish parties and unearned bonuses, use
the following plan..
You can call it the Patriotic Retirement Plan:
There are about 10 million people over 50 in the work force. Pay them $1 million each severance
for early retirement with the following stipulations:
1) They MUST retire, ten million job openings – unemployment fixed.
2) They MUST buy a new Australian car, ten million cars ordered - Car Industry fixed.
3) They MUST either buy a house or pay off their mortgage - Housing Crisis fixed.
4) They MUST send their kids to school/college/university - Crime rate fixed.
5) They MUST buy $100 WORTH of alcohol/tobacco a week and there's your money back in duty/tax etc
6) Instead of stuffing around with the carbon emissions trading scheme that makes us pay for the
major polluters, tell the greedy bastards to reduce their pollution emissions by 75% within 5 years or we
shut them down.
It can't get any easier than that!
P.S. If more money is needed, have all members of parliament pay back their falsely claimed expenses
and second home allowances.
If you think this would work, please forward to everyone you know.
Also, let's put the pensioners in jail and the criminals in a nursing home, this way the pensioners would
have access to showers, hobbies and walks, they'd receive unlimited free prescriptions, dental and medical
treatment, wheel chairs etc and they'd receive money instead of paying it out, they would have constant
video monitoring, so they could be helped instantly, if they fell, or needed assistance, bedding would be
washed twice a week, and all clothing would be ironed and returned to them, a guard would check on them
every 20 minutes and bring their meals and snacks to their cell, they would have family visits in a suite built
for that purpose, they would have access to a library, weight room, spiritual counselling, pool and education,
simple clothing, shoes, slippers, PJ's and legal aid would be free, on request, private, secure rooms for all,
with an exercise outdoor yard, with gardens, each senior could have a PC a TV radio and daily phone calls,
there would be a board of directors to hear complaints, and the guards would have a code of conduct that
would be strictly adhered to.
The criminals would get cold food, be left all alone and unsupervised, lights off at 8pm, and showers once a
Week, live in a tiny room and pay $600.00 per week and have no hope of ever getting out.
Think about this, more points of contention:
THE AUSTRALIAN CONSTITUTION They keep talking about drafting a Constitution for Iraq ... Why don't we
just give them ours? It was drawn up by a lot of really smart guys, it has worked for centuries and we're not
using it anymore.
THE 10 COMMANDMENTS:
The real reason that we can't have the Ten Commandments posted in a courthouse or Parliament, is this -
You cannot post 'Thou Shalt Not Steal', 'Thou Shalt Not Commit Adultery' and 'Thou Shall Not Lie' this is in a
building full of lawyers, judges and politicians...... It creates a hostile work environment.
Also;
Think about this .... If you don't want to forward this for fear of offending someone -- YOU ARE PART OF THE
PROBLEM! It is time for Australia to speak up!
Geht Nich Gibt´s Nich
เป็นสมาชิกตั้งแต่ Apr 18, 2011
45 โพสต์
Apr 10, 2013 at 04:33
not possible, if anyone can do it then it is purely luck and i think it can't be done consistently, but 5-10% profit consistently i think is very possible, i am doing it right now and hopefully it will last long
https://www.myfxbook.com/members/scalpingforex/client-1/518945
https://www.myfxbook.com/members/scalpingforex/client-1/518945
เป็นสมาชิกตั้งแต่ Apr 10, 2013
29 โพสต์
Apr 11, 2013 at 20:40
Did it in 2 days look! https://www.myfxbook.com/members/minutemanmissile/minuteman-pips-missile/536808
เป็นสมาชิกตั้งแต่ Mar 03, 2013
321 โพสต์
Apr 12, 2013 at 04:31
LOL, look at the abs. gain.......
Geht Nich Gibt´s Nich
Apr 12, 2013 at 09:21
Reality is Created by Fiction!
เป็นสมาชิกตั้งแต่ Apr 10, 2013
29 โพสต์
Apr 12, 2013 at 13:08
Nice demo 😄
เป็นสมาชิกตั้งแต่ Apr 10, 2013
29 โพสต์
Apr 12, 2013 at 13:09
This is live cents https://www.myfxbook.com/members/minutemanmissile/minuteman-pips-missile/536808 😄
Apr 13, 2013 at 10:39
Apr 13, 2013 at 21:12
Connann posted:И что, это статистика? Не смешите людей!
This is my Pamm https://www.myfxbook.com/members/Connann/genius-fx-instaforex-pamm/445410
Apr 14, 2013 at 10:11
Hello everyone, the question 'how can I turn $200 in to $400 in six weeks' is a strange one. What are you going to do with the $400? Forex trading is not a get rich quick business it is for most people a really sophisticated 'get poor quick business' that thrives on the lack of knowledge of traders or a 'get rich a bit slower' business for those that have done their homework and have avoided or learned from the pitfalls.
I am assuming therefore that what people really want to know is 'how can I make a lot of money quickly and reliably'. Of course each person's view of what is 'a lot of money' and what is 'quickly' will be different but I guess most people would agree that a million dollars is a good benchmark for what is 'a lot of money'. To make a million dollars in theory can be done in three years starting with $1,000. Multiplying your money by 10 each year for three years be 10 x 10 x 10 = 1,000 x $1,000 = $1,000,000. How many millionaires do you personally know? So let's agree that it is not common and therefore not so easy as some marketing people would have you believe. This would equate to making around 21% profit per month each month and reinvesting the profits (i.e. not withdrawing it) for three years. Or perhaps you want a massive amount of money next month. Unfortunately it is much easier to make a lot of money slowly than fast and many people will spend a few years losing money till they learn this and either give up, run out of money or find a reliable way to trade successfully and learn to be a bit more patient. The time they waste looking would be better spent learning and investing.
There are two ways to be successful in this business and in my humble opinion only two, learn to trade yourself or let someone who knows how to trade manage your account for you, or better still a combination of the two so that you are independent and your risk is diversified across a number of different trading methods and accounts. To learn how to trade will take a significant investment of your time however if you keep at it the rewards are there, history tells us however that most people do not get to this stage. The smart thing to do would be study and while you are learning to let someone else trade for you so that you are still making money even while you are learning. This is where a money manager comes in.
The other more risky options are buying an EA (or lots of them) in the hope that one will make money for you or trade somebody's signals. These two approaches are risky for you as you have to pay upfront and the vendor will 100% benefit even if you do not. Ask yourself honestly if you had a successful EA would YOU sell it? If you answered yes the only plausible explanation is that you want money NOW so that you can either go spend it or invest it on your EA. But hang on a minute If I can make somebody $1,000 per day why would I want to sell it for $97 that doesn't seem fair does it? Personally I would want a share of the profits unless of course I knew that the EA would eventually lose a large chunk of my money. So even a successful EA owner should wish to be a money manager.
Please, please be wary of any fancy websites with people talking and long, long pages of emotive sales pitch talking of what it would be like to be rich etc. This is slick marketing, would you prefer to trust someone who was great at marketing or great at trading? If they are great at marketing where is their effort spent?
Oh and I will admit that yes I am a money manager and yes I have done all of the above, bought EAs, learned MQL and built my own EAs, spent thousand and thousands on courses etc so I have been in a similar situation to many of you.
My advice would be do your homework and at least learn how to qualify or more importantly dis-qualify all the hype. Back tests are for people who like to predict last weeks winning lottery numbers (i'm quite good at that but I can't seem to get next weeks quite right), people who sell EAs should be treated with great caution. Only trust INDEPENDENTLY verified trading history such as MyFXBook which is the gold standard. Even when you look at trading results do not look at the red account balance line, look at the yellow equity line because this is what you can actually walk away with. You cannot spend an account balance of $1,000 if the equity is $200. If the method increases lot sizes after a loss to 'make up for the loss' RUN FOREST RUN as this is the road to eventual ruin. The risk must be controlled at all times and losses must be taken with the same mental discipline as a win. Spock would have made a great trader if he wasn't fictional and from the future where they don't have money.
This is a serious business for serious people, the market does not care what you want to do it only cares what you do do (no doo doo jokes please :-)).
Good luck and I hope you have at least learned something, and yes if you click on my name it will take you to my page but seriously there are plenty of PAMM account providers than can trade for you, just make sure they know what they are doing. Is their monthly profit bigger than their drawdown, i.e. how quickly can they recover from a loss. Does the yellow EQUITY curve look sustainable or does it look like a drunk spider crawled all over the page?
I am assuming therefore that what people really want to know is 'how can I make a lot of money quickly and reliably'. Of course each person's view of what is 'a lot of money' and what is 'quickly' will be different but I guess most people would agree that a million dollars is a good benchmark for what is 'a lot of money'. To make a million dollars in theory can be done in three years starting with $1,000. Multiplying your money by 10 each year for three years be 10 x 10 x 10 = 1,000 x $1,000 = $1,000,000. How many millionaires do you personally know? So let's agree that it is not common and therefore not so easy as some marketing people would have you believe. This would equate to making around 21% profit per month each month and reinvesting the profits (i.e. not withdrawing it) for three years. Or perhaps you want a massive amount of money next month. Unfortunately it is much easier to make a lot of money slowly than fast and many people will spend a few years losing money till they learn this and either give up, run out of money or find a reliable way to trade successfully and learn to be a bit more patient. The time they waste looking would be better spent learning and investing.
There are two ways to be successful in this business and in my humble opinion only two, learn to trade yourself or let someone who knows how to trade manage your account for you, or better still a combination of the two so that you are independent and your risk is diversified across a number of different trading methods and accounts. To learn how to trade will take a significant investment of your time however if you keep at it the rewards are there, history tells us however that most people do not get to this stage. The smart thing to do would be study and while you are learning to let someone else trade for you so that you are still making money even while you are learning. This is where a money manager comes in.
The other more risky options are buying an EA (or lots of them) in the hope that one will make money for you or trade somebody's signals. These two approaches are risky for you as you have to pay upfront and the vendor will 100% benefit even if you do not. Ask yourself honestly if you had a successful EA would YOU sell it? If you answered yes the only plausible explanation is that you want money NOW so that you can either go spend it or invest it on your EA. But hang on a minute If I can make somebody $1,000 per day why would I want to sell it for $97 that doesn't seem fair does it? Personally I would want a share of the profits unless of course I knew that the EA would eventually lose a large chunk of my money. So even a successful EA owner should wish to be a money manager.
Please, please be wary of any fancy websites with people talking and long, long pages of emotive sales pitch talking of what it would be like to be rich etc. This is slick marketing, would you prefer to trust someone who was great at marketing or great at trading? If they are great at marketing where is their effort spent?
Oh and I will admit that yes I am a money manager and yes I have done all of the above, bought EAs, learned MQL and built my own EAs, spent thousand and thousands on courses etc so I have been in a similar situation to many of you.
My advice would be do your homework and at least learn how to qualify or more importantly dis-qualify all the hype. Back tests are for people who like to predict last weeks winning lottery numbers (i'm quite good at that but I can't seem to get next weeks quite right), people who sell EAs should be treated with great caution. Only trust INDEPENDENTLY verified trading history such as MyFXBook which is the gold standard. Even when you look at trading results do not look at the red account balance line, look at the yellow equity line because this is what you can actually walk away with. You cannot spend an account balance of $1,000 if the equity is $200. If the method increases lot sizes after a loss to 'make up for the loss' RUN FOREST RUN as this is the road to eventual ruin. The risk must be controlled at all times and losses must be taken with the same mental discipline as a win. Spock would have made a great trader if he wasn't fictional and from the future where they don't have money.
This is a serious business for serious people, the market does not care what you want to do it only cares what you do do (no doo doo jokes please :-)).
Good luck and I hope you have at least learned something, and yes if you click on my name it will take you to my page but seriously there are plenty of PAMM account providers than can trade for you, just make sure they know what they are doing. Is their monthly profit bigger than their drawdown, i.e. how quickly can they recover from a loss. Does the yellow EQUITY curve look sustainable or does it look like a drunk spider crawled all over the page?
เป็นสมาชิกตั้งแต่ Apr 10, 2013
29 โพสต์
Apr 14, 2013 at 11:56
Believe it or not but that's a piece of cake to some traders the results would be even more like a thousand percent ROI.
เป็นสมาชิกตั้งแต่ Sep 25, 2012
2 โพสต์
Apr 15, 2013 at 08:46
yes it can, but there are many trader can change $200 become $1k more in one week...
regards friend..
regards friend..
เป็นสมาชิกตั้งแต่ Apr 10, 2013
29 โพสต์
Apr 15, 2013 at 14:59
I did 45% in 1 day look at my live account https://www.myfxbook.com/members/minutemanmissile/double-3-days/539945
