Do you think you can turn $200 into $400 in six weeks?
เป็นสมาชิกตั้งแต่ Apr 22, 2014
45 โพสต์
May 04, 2014 at 22:12
very nice target
เป็นสมาชิกตั้งแต่ Feb 22, 2011
4862 โพสต์
May 05, 2014 at 12:24
Everyone can do it with some luck but it is not important
Important is steady performance not only for couple of weeks
Important is steady performance not only for couple of weeks
forex_trader_180739
เป็นสมาชิกตั้งแต่ Mar 09, 2014
24 โพสต์
May 06, 2014 at 16:10
200 to 400 in 6 weeks means 100% in 6 weeks which means 10% a week compounding.
should be quite doable. yet it is risky.
should be quite doable. yet it is risky.
เป็นสมาชิกตั้งแต่ Oct 24, 2013
268 โพสต์
May 10, 2014 at 21:26
titoardin posted:
MONEY MANAGEMENT is the most importante , i think.
Absolute genius!! 😲
You can't spend open trades.
เป็นสมาชิกตั้งแต่ Oct 24, 2013
268 โพสต์
May 10, 2014 at 21:32
(แก้ไขแล้ว May 10, 2014 at 21:33)
bigbangea posted:
200 to 400 in 6 weeks means 100% in 6 weeks which means 10% a week compounding.
should be quite doable. yet it is risky.
10% compounding over 6 weeks only gives you 77% you'll need to increase that another 25% profit per week (12.5%) or it will take you seven and a half weeks.
You can't spend open trades.
เป็นสมาชิกตั้งแต่ Oct 24, 2013
268 โพสต์
May 10, 2014 at 21:43
(แก้ไขแล้ว May 10, 2014 at 21:46)
CodeMonkey posted:
A couple of people mentioned to me that unless an account is Live instead of demo, the account won't be traded the same way.
I disagree with the idea that I would trade it any differently, as I manage my accounts using automated methods.
However, I went ahead and set up a small micro live account yesterday and have set it for public viewing.
Here is the link for it.
https://www.myfxbook.com/members/CodeMonkey/codemonkey/899727
The account is set to auto update, and is fully verified.
Valid argument until your order arrives server side. Demo accounts always get matched and you don't need a trade on the other side of your order so you will never be re-quoted or delayed in execution. Live accounts require a trade on the other side and can be delayed, re-quoted or rejected due to slippage. Particularly once you are trading full lots. You also don't have to worry about lot sizing as you compound on a demo but eventually will hit that wall on a live account. That one can be circumvented by splitting your account and trading two mirrored instances. Trading Demo and Live are very different.
You can't spend open trades.
May 11, 2014 at 08:35
In 6 weeks from 6.48 USD to 170 USD in 86 trades on live account. Would never trade like this with significant amount of money. I traded 200 to almost 2000 several times, but psychology on this level made me 'drunk' and account would collapse in 3 days. What I learned is if you know how to trade (with all components - including psychology) then you can start with the lunch money, if you don't know what you are doing you can start with 500.000 and end up at zero (I actually talked with someone that did it). Good luck to all, if I'll reach another significant milestone I'll rapport.
Stay cool no matter the weather!
เป็นสมาชิกตั้งแต่ Apr 14, 2013
402 โพสต์
May 11, 2014 at 13:12
pingvin posted:
In 6 weeks from 6.48 USD to 170 USD in 86 trades on live account. Would never trade like this with significant amount of money. I traded 200 to almost 2000 several times, but psychology on this level made me 'drunk' and account would collapse in 3 days. What I learned is if you know how to trade (with all components - including psychology) then you can start with the lunch money, if you don't know what you are doing you can start with 500.000 and end up at zero (I actually talked with someone that did it). Good luck to all, if I'll reach another significant milestone I'll rapport.
That's just it. If you did it with 'lunch money'.You should be able to do it with a bigger account. Your account balance should not influence your trading at all. As it won't be determining factor on what you see on your chart.
Focus on pip-drawdown
May 11, 2014 at 14:18
No serious trader makes 2600 % return in 6 weeks. I was walking a thin line. Of course it can be done with other sums, but no one in his right mind would risk big account. Anyway I didn't say I am going to stop trading, but I will drop the risk.
Stay cool no matter the weather!
เป็นสมาชิกตั้งแต่ Apr 14, 2013
402 โพสต์
May 11, 2014 at 23:07
Master_Kiwa posted:pingvin posted:
In 6 weeks from 6.48 USD to 170 USD in 86 trades on live account. Would never trade like this with significant amount of money. I traded 200 to almost 2000 several times, but psychology on this level made me 'drunk' and account would collapse in 3 days. What I learned is if you know how to trade (with all components - including psychology) then you can start with the lunch money, if you don't know what you are doing you can start with 500.000 and end up at zero (I actually talked with someone that did it). Good luck to all, if I'll reach another significant milestone I'll rapport.
That's just it. If you did it with 'lunch money'.You should be able to do it with a bigger account. Your account balance should not influence your trading at all. As it won't be determining factor on what you see on your chart.
What does being a serious trader have to do with percent change?
Focus on pip-drawdown
เป็นสมาชิกตั้งแต่ Oct 24, 2013
268 โพสต์
May 12, 2014 at 05:29
(แก้ไขแล้ว May 12, 2014 at 05:29)
Everything King's Penguine said makes perfect sense. Simply that the % change reflects the % risk and also messes with your head. No serious trader would stick his ass that far out in the breeze to get it shot at!! ie: the account collapsed in 3 days. Great training experience and a lot of fun but not how you manage your income stream.
Is it 6 weeks yet?
Is it 6 weeks yet?
You can't spend open trades.
เป็นสมาชิกตั้งแต่ Apr 14, 2013
402 โพสต์
May 12, 2014 at 07:39
Silverthorn posted:
Everything King's Penguine said makes perfect sense. Simply that the % change reflects the % risk and also messes with your head. No serious trader would stick his ass that far out in the breeze to get it shot at!! ie: the account collapsed in 3 days. Great training experience and a lot of fun but not how you manage your income stream.
Is it 6 weeks yet?
You have no idea what you are talking about it. In no way does '% change' represent '% risk' You have many factors which contribute to % risk such as you have many factors which contribute to % change. Example, a person who earns 200% profit in a short amount of time doesn't necessarily have to have had risked much of his/her account. It could be that penguine may of been compounding on every trade which lead to a run up of his account, but that is just one way of many to earn high % profit while trading forex. It isn't fair to generalize high% profit with such a noobish form of trading.
Focus on pip-drawdown
เป็นสมาชิกตั้งแต่ Feb 22, 2011
4862 โพสต์
May 12, 2014 at 08:17
mahimkw8 posted:
yes i make 30 percnt weekly no problem
your MFB accounts are showing you loose that amount, not earn ;)
เป็นสมาชิกตั้งแต่ Oct 24, 2013
268 โพสต์
May 12, 2014 at 09:31
Master_Kiwa posted:Silverthorn posted:
Everything King's Penguine said makes perfect sense. Simply that the % change reflects the % risk and also messes with your head. No serious trader would stick his ass that far out in the breeze to get it shot at!! ie: the account collapsed in 3 days. Great training experience and a lot of fun but not how you manage your income stream.
Is it 6 weeks yet?
You have no idea what you are talking about it. In no way does '% change' represent '% risk' You have many factors which contribute to % risk such as you have many factors which contribute to % change. Example, a person who earns 200% profit in a short amount of time doesn't necessarily have to have had risked much of his/her account. It could be that penguine may of been compounding on every trade which lead to a run up of his account, but that is just one way of many to earn high % profit while trading forex. It isn't fair to generalize high% profit with such a noobish form of trading.
Yawn!!
You can't spend open trades.
เป็นสมาชิกตั้งแต่ Feb 22, 2011
4862 โพสต์
May 12, 2014 at 11:26
mahimkw8 posted:
no this is wrong if you want to see i send my mql5
What do you mean by
... i send my mql5 ?
เป็นสมาชิกตั้งแต่ May 09, 2014
4 โพสต์
May 12, 2014 at 11:29
I can offer more ;)
forex_trader_136673
เป็นสมาชิกตั้งแต่ Jun 28, 2013
852 โพสต์
May 12, 2014 at 13:02
Profitlover092 posted:
I can offer more ;)
Can you offer account and broker verification?
