Rags to Riches in 10 or 20 Trades - Simplicity at its finest | Page 113 | Forex Factory

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Rags to Riches in 10 or 20 Trades - Simplicity at its finest

  • #2,241
  • Aug 23, 2017 4:51am Aug 23, 2017 4:51am
Quoting marcof91
I reached 2000€ with just €50. It took me 3 weeks but then i gave up at that point because was too much money to place on a single trade (at least for me) and also the fear kicks in. Nevertheless, it's a great way to grow a small capital to a comfortable size to trade. Pure timing is all needed.
congratulations. This is certainly an achievement already! And i guess fear kicks in at some point. Anyway, Bravo !
  • #2,242
  • Aug 23, 2017 4:54am Aug 23, 2017 4:54am
Quoting jgadefelth
Josker i like your attitude. I think what the other people mean is they cant do it, for them it is impossible. Alot of things is impoissible to someone does it..... like sportsrecord or landing at the moon or an actor become president. It is up to the person how hard will you try on it. Maybe it is not working right now maybe it will with a twist to it and so on. Life is fulll of people that love to tell you that things are hard and even impossible, some of them are affraid that you will success where thye failed.... and thye happily try to drag...
Exactly, and thanks for the encouragements. I'll try it anyway, even if many think it's a path to failure.
" Life begins at the end of your comfort zone" Neale Donald Walsch
  • #2,243
  • Aug 23, 2017 8:40am Aug 23, 2017 8:40am
Reached +100 % today on the initial deposit. 2nd day of trading. Not too bad i think. Let's keep going
  • #2,244
  • Aug 23, 2017 9:30am Aug 23, 2017 9:30am
As long as you know that statistically the odds are extremely low, there is no harm in trying it. I actually hope you succeed.
  • #2,245
  • Aug 23, 2017 4:45pm Aug 23, 2017 4:45pm
Quoting kerneltrick
As long as you know that statistically the odds are extremely low, there is no harm in trying it. I actually hope you succeed.
Thanks. It's certainly hard. But i'll keep trying and post the results there, each end of day as others who tried it.
  • #2,246
  • Aug 24, 2017 1:05pm Aug 24, 2017 1:05pm
Didn't took any trade tode today due to markets uncertainty . Maybe tomorrow, but jackson hole stuff is messing a lot.
Still at 100% performance. I'll create a new account with this capital.
  • #2,247
  • Aug 24, 2017 1:24pm Aug 24, 2017 1:24pm
Quoting josker
Didn't took any trade tode today due to markets uncertainty . Maybe tomorrow, but jackson hole stuff is messing a lot. Still at 100% performance. I'll create a new account with this capital.

Great your progress are intresting and inspires, keep it up, good to be selective

Best regards
  • #2,248
  • Aug 25, 2017 6:29pm Aug 25, 2017 6:29pm
this thread is 4 years old, has anyone made it?
i lose money for a living
  • #2,249
  • Aug 25, 2017 10:44pm Aug 25, 2017 10:44pm
Quoting tylerbose
this thread is 4 years old, has anyone made it?
Need at least another year to have a strategy to fit in.
  • #2,250
  • Sep 26, 2017 12:36pm Sep 26, 2017 12:36pm
please am having issue with lot size i can't seem to put the correct lot size, am suppose to use 50 dollars account with a Tp 80 pips and Sl of 40
but is not going through. my broker is pepperstone and my leverage is 1:500
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #2,251
  • Sep 26, 2017 12:45pm Sep 26, 2017 12:45pm
Maybe you're trying to enter a lot size bigger than what is possible according to your account and leverage size. Tell us about your lot size and the platform you're using (mt4 or ctrader).
  • #2,252
  • Sep 26, 2017 1:34pm Sep 26, 2017 1:34pm
Quoting josker
Maybe you're trying to enter a lot size bigger than what is possible according to your account and leverage size. Tell us about your lot size and the platform you're using (mt4 or ctrader).
am using mt4, for the lot, i tried to use 0.62 cent per pip but can't use. my total account balance for this project is 100 dollars but still can't use the lot size mention. Thanks
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #2,253
  • Sep 26, 2017 1:43pm Sep 26, 2017 1:43pm
Still with a leverage of 1:500 my broker(pepperstone) won't let me risk half of my account (mt4) .e.g with account of 100 dollars i should be able to use 0.62 cent per pip for a Tp of 80 pips and a SL of 40 pips.
if am right with this calculations then i should be able to use it but can't, i don't know what's happening, i need help. please
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #2,254
  • Sep 26, 2017 1:52pm Sep 26, 2017 1:52pm
Quoting martinez1
Still with a leverage of 1:500 my broker(pepperstone) won't let me risk half of my account (mt4) .e.g with account of 100 dollars i should be able to use 0.62 cent per pip for a Tp of 80 pips and a SL of 40 pips. if am right with this calculations then i should be able to use it but can't, i don't know what's happening, i need help. please
Your max lot size is about 0.5. Depends on currency pair.
  • #2,255
  • Sep 26, 2017 2:05pm Sep 26, 2017 2:05pm
Quoting martinez1
Still with a leverage of 1:500 my broker(pepperstone) won't let me risk half of my account (mt4) .e.g with account of 100 dollars i should be able to use 0.62 cent per pip for a Tp of 80 pips and a SL of 40 pips. if am right with this calculations then i should be able to use it but can't, i don't know what's happening, i need help. please
If you are risking $0.62 per pips, that means aproximately, 0.06 lots, that would be perfectly open with a 1:500 leverage because it requires $2.00 per microlot of margin. But if you are trying to open a volume of 0.62 that means US$6.20 per pip.


Hope you understand me,



oggalan
  • #2,256
  • Sep 26, 2017 3:00pm Sep 26, 2017 3:00pm
Quoting oggalan
{quote} If you are risking $0.62 per pips, that means aproximately, 0.06 lots, that would be perfectly open with a 1:500 leverage because it requires $2.00 per microlot of margin. But if you are trying to open a volume of 0.62 that means US$6.20 per pip. Hope you understand me, oggalan
okay please help me. please how do i differentiate the opening for volume and opening the other one because i don't understand. when i put in 0.20 cents my 80 pips
Tp gives me 16 dollars but they won't let put in 0.62 cents ( which should give me 49-50 dollars profit with 80 pips Tp) with the same balance of 100 dollars account. please i need to understand were am getting it wrong. Thanks
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #2,257
  • Sep 26, 2017 3:11pm Sep 26, 2017 3:11pm
Please this is exactly what am saying. you can see my balance there
Attached Image (click to enlarge)
Click to Enlarge Name: lot size.png Size: 43 KB
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #2,258
  • Sep 26, 2017 3:22pm Sep 26, 2017 3:22pm
0.62 lot with 100 bucks account? Man, what kind of sorcery are you trying to pull here?
  • #2,259
  • Sep 26, 2017 3:25pm Sep 26, 2017 3:25pm
try 0.5 maybe
  • #2,260
  • Sep 26, 2017 3:26pm Sep 26, 2017 3:26pm
Quoting martinez1
Please this is exactly what am saying. you can see my balance there {image}
0.25 lots

http://www.fxpro.co.uk/trading/calculators/margin

Attached Image
practising coitus interruptus
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