Well I read in one of the threads in the commercial section RR claimed he traded $200 to $250000 in one year!!
So its definitely possible.
So its definitely possible.
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DislikedThanks Razor, interesting your answer. My point is that if someone can make 11,000% in 2 months, then 1.000% (or just 500%, which is still excellent) in, say, 3 months should not be a big deal (for someone well-prepared)Ignored
DislikedThanks Razor, interesting your answer. My point is that if someone can make 11,000% in 2 months, then 1.000% (or just 500%, which is still excellent) in, say, 3 months should not be a big deal (for someone well-prepared)Ignored
DislikedHi FXMike
To turn 200 to 2000 may need about six months at minimum.
Good LuckIgnored
Dislikednothing is impossible though,but i definitely know it's no walk in the park.i started an account with 2300 dollars sometimes ago and the acct came down to about 700 before i actually started making progress with it.but probably that's because of my own inadequacy.but if you can really find good money management,risk management and a good trading strategy that works,i guess it shouldn't take a month to get there but i'd probably not want to think about it.it is possible thoughIgnored
DislikedYour still so far off. No big deal for someone well prepared. If someone came to you and showed you a 1000% increase in a customers account in 3 months and asked you to invest $10000 would you....
I can tell you now, I would slap them and tell them to wake up and get over the result. It is definatly possible to make, there are enough people here who have done similiar things however it is completely IMPROBABLE for such aggressive results to continue. The key ingredient for such large gains is risk, and this is on a number of fronts;
Risk...Ignored
DislikedHi FXMike
$200 is quite a small amount to start with. If you are doing proper risk management which all traders should be doing. You can only trade microlot which is $0.10 per lot size.
To turn 200 to 2000 may need about six months at minimum. This is based on you risking 3% of your account every trade which is only $6 which is equivalent to 60 pips stop loss allowed per microlot trade.
Let say you are about to make 120 pips which is equal to $12, it may take you sometime to fulfill $2,000 target.
It is always good to start slow and learn throughout...Ignored
DislikedNo, but one would expect a corporate finance adviser to have a bit of general financial common sense!
If anything the reverse is true, but that's another discussion....
As others have mentioned that kind of return is probably unsustainable, it's more like a party trick than serious sustainable trading.
Exactly what is it you're trying to find out? If it's the original question about how long it would take to turn 200 into 2000 then I think that's already been answered hasn't it?Ignored
DislikedSorry, I meant 5000% in 3 months should not be a big deal for someone with 10+V,Ignored
DislikedSorry, I meant 5000% in 3 months should not be a big deal for someone with 10+V,Ignored
DislikedSorry, I meant 5000% in 3 months should not be a big deal for someone with 10+V,Ignored
DislikedThanks Razor, but about my profession, you are a little confused. And about the risks of Forex that you mention, I suffered all with automated systems that comment in the first post (the lots were set at 10k, but the SL were over 300 pips and TP averages just 20 pips) In correction of these risks, TheDance System only used a maximun of 19 pips SL, but the TP are subjective and limited.
This week I'm trying Sonic R system, with a ratio of 2:1 (TP:SL) or at least 1:1 when I approach a level SR. The typical StopLoss is 40 pips. So far, the assertiveness...Ignored