What Would It Take: $3,000 to $40 Million in FX | Page 2 | Forex Factory

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What Would It Take: $3,000 to $40 Million in FX

  • #21
  • Feb 19, 2020 1:43am Feb 19, 2020 1:43am
If you embark on this journey, I would be watching closely and supporting you. 40$ mil. is a very ambitious goal.
Invest with us.PM for more info.
  • #22
  • Feb 19, 2020 1:50am Feb 19, 2020 1:50am
Sorry for my broken english

Quoting JetTrader
{quote} In the US here, I only have one real choice to maintain MT4 which runs my System. Outside the US, I have (by my estimate) about 2-3 decent choices with one of them being a real bank that's traded on a real stock exchange where I can still run MT4 and my System.
"On which Broker are you trading?"

Push come to shove and I have to ditch MT4, that would mean executing trades on a different platform while running the System in MT4 elsewhere.
"Which are these different platform your looking and why?"

Definitely not optimal, but I could shift...
"We wish your plan work really fast way"
  • #23
  • Feb 19, 2020 2:58am Feb 19, 2020 2:58am
I had live streaming on youtube with $400 to $20,000 challenge. Crashed in 2 months. Now I just have $100 to just profitability per month. Putting a very high target makes it very hard.
  • #24
  • Feb 19, 2020 3:55am Feb 19, 2020 3:55am
Quoting DojiSan
Call it the "Why Not Challenge" .. that's what Samuel calls his account.. https://www.myfxbook.com/members/sandctrading/why-not/3441885
This guy is a fucking scammer, furu. Fake guru!!

He OWNS the broker all his trading results are on, meaning HE MADE THEM ALL UP!! IT'S ALL FAKE!!!

And you are an idiot if you believe his returns.
?
  • #25
  • Feb 19, 2020 4:18am Feb 19, 2020 4:18am
Quoting HRTrading
{quote} This guy is a fucking scammer, furu. Fake guru!! He OWNS the broker all his trading results are on, meaning HE MADE THEM ALL UP!! IT'S ALL FAKE!!! And you are an idiot if you believe his returns.
I would also like to quote go to his website you will see another address

I attahced 2 pics

West indies
Attached Image (click to enlarge)
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Attached Image
  • #26
  • Feb 19, 2020 4:26am Feb 19, 2020 4:26am
Also I find it funny where "traders" or "gurus" making 17k% in like 2 months but want to sell there stratergy MATE if you was doing that give it to people whom are trying for years to make money doing it make people happy do not sell it for £100 or something stupid... Espicially in this day and age where people are struggling to find extra £300pm so they can live a better life and forex get people like them to sign up all that bullshit!

My argument is if your making that kind off % a month/6months give it to people in NEED homeless people struggling make an EA on it SIMPLE. Dont try and make people pay for shit and make them more poorer than they already are.
  • #27
  • Feb 19, 2020 4:28am Feb 19, 2020 4:28am
Quoting theunkown
{quote} I would also like to quote go to his website you will see another address I attahced 2 pics West indies {image} {image}
Good to see the users here are good at identifying scammers. This (https://www.tradingschools.org/reviews/petra-picks/) website is a good resource for that and the reason I show this one is because the YouTube algorithms have been relentless lately at showing their ads and probably will not stop until I finally click on one of their ads.
  • #28
  • Feb 19, 2020 5:45am Feb 19, 2020 5:45am
This is how they do it.

https://d.tube/#!/v/mt4-gets69d/QmdL...xjs9F7iFFHhf7K (https://d.tube/#!/v/mt4-gets69d/QmdLEC5886rSzzWGdMxVUgMhwsGtkgmexjs9F7iFFHhf7K)
  • #29
  • Feb 19, 2020 4:11pm Feb 19, 2020 4:11pm
Been trading 31 years. What you are proposing is impossible!! The best traders in the world, the most elite of elite can barely etch out 20% returns annually. See if you can earn yourself into the ranks of the elite before attempting the VERY MUCH impossible. 20% annually with max 15% drawdowns will make you a rockstar!!
  • #30
  • Feb 19, 2020 4:45pm Feb 19, 2020 4:45pm
Quoting timoportojr
Been trading 31 years. What you are proposing is impossible!! The best traders in the world, the most elite of elite can barely etch out 20% returns annually. See if you can earn yourself into the ranks of the elite before attempting the VERY MUCH impossible. 20% annually with max 15% drawdowns will make you a rockstar!!
Finally.. some logical reasoning...

But hey.. you never know.. Maybe he is related to Stephen Hawkings or some other genius.
  • #31
  • Feb 19, 2020 5:16pm Feb 19, 2020 5:16pm
Quoting timoportojr
Been trading 31 years. What you are proposing is impossible!! The best traders in the world, the most elite of elite can barely etch out 20% returns annually. See if you can earn yourself into the ranks of the elite before attempting the VERY MUCH impossible. 20% annually with max 15% drawdowns will make you a rockstar!!
perfect!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32
  • Feb 19, 2020 5:19pm Feb 19, 2020 5:19pm
Quoting CrocodileRex
{quote} Rule no1 in seeing myfxbook explorer:- 1. any stats from an offshore broker is unreliable/fake. Google virtual dealer plugin brokers for more info. Do not believe any stats from any unregulated brokers. The stats can be easily manipulated. if you are going to do this, choose a big one like Oanda, FXCM etc.

I was thinking Oanda. What do you think?

During my evaluation of Oanda, I noticed having a hard time getting people to answer the phone. Maybe it was the time of day. Maybe they were just busy. Or, maybe it was just the luck of the draw.
  • #33
  • Feb 19, 2020 5:21pm Feb 19, 2020 5:21pm
Quoting ahdat
def doable, but def reserved for only the most elite traders in terms of trading skills and psychology

Well, then. I'll just have to buckle up and strap it on, I guess.
  • #34
  • Feb 19, 2020 5:23pm Feb 19, 2020 5:23pm
How many traders have you signed up so far?...asking for a friend!!
  • #35
  • Feb 19, 2020 5:26pm Feb 19, 2020 5:26pm
Quoting rsrollins72
Double your account 15 times. Doesn't seem hard but it is.

Yes, I can imagine that doing so while allowing the account to remain intact would be difficult - or next to impossible with Market Making B-Book Bucket Shop. But, what if you switched out to a real FX Intermediary with an Agency Only Contract signed and always on the table? They have to STP your trades by contract. Slippage and Re-quotes would then be a strict matter of the efficiency and optimization of their back-end. And, by now, it should all be DMA anyway. Thus, slippage and re-quotes on higher notional value trades should not be the real preventative elements.

Besides, $40mln is not that much at all compared to what the Institutions do daily. A proverbial drop in the ole bucket, to them.
  • #36
  • Feb 19, 2020 5:27pm Feb 19, 2020 5:27pm
Quoting Safe-Invest
If you embark on this journey, I would be watching closely and supporting you. 40$ mil. is a very ambitious goal.

Gonna go for it! Thanks.
  • #37
  • Feb 19, 2020 5:29pm Feb 19, 2020 5:29pm
Quoting SRTrader
I had live streaming on youtube with $400 to $20,000 challenge. Crashed in 2 months. Now I just have $100 to just profitability per month. Putting a very high target makes it very hard.
2 Months is less than the Retail Broker average of 90 days. What kind of Trader were you before you challenged yourself on YouTube? Meaning, what was the largest proprietary account you managed before going live stream?
  • #38
  • Feb 19, 2020 5:51pm Feb 19, 2020 5:51pm
Quoting HRTrading
{quote} This guy is a fucking scammer, furu. Fake guru!! He OWNS the broker all his trading results are on, meaning HE MADE THEM ALL UP!! IT'S ALL FAKE!!! And you are an idiot if you believe his returns.

Never heard of him until this thread. However, some quick searches turns up that he actually leads a Trading Educational business among other things:

https://www.youtube.com/watch?v=EpPB4cWdxcI

No idea what other people have to say that have taken his company's training.

My live stream was not going to happen until I came here again this year. Originally, I had planned to simply video record my trading so I could review my own decisions as they took place in real-time, as opposed to putting the System into Research Mode and manually re-evaluating my trades. I then thought, why not open up that same process to others who simply want to see what a Trader does on a daily basis.

I then found that there are any number of Live Streaming Traders already on YouTube. So, I figured I wanted to do something different - something nobody else had tried doing live before. I looked at Channels like Warrior Trading and the many others and viewed them for a while, trying to come up with a different concept for my channel. So, I figured, why not just amp up the volume a bit and go do something that requires real trading in the open with no filter. And, that is what I'm going to attempt. A no filtered attempt to drive $3000 to $40,000,000 in 12.9 months. Simple as that.

I have no stress in this, contrary to what must be public opinion. I don't think about the outcome while trading. I think and focus on one trade at a time when in Production level trading. I don't worry about future outcomes. I use a Revenue Model approach, which you will see in the live stream fairly often. That Model requires that I take each trade one-at-a-time.

I'll be targeting a minimum number of pips (as required by the Revenue Model) each day and then shutting it down. So, if you miss the trade - you won't know it happened until you see the Journal the next day, or the next time you visit the channel. Basically, you will only be able to look over my shoulder while I trade. I won't be teaching, training, selling, pointing people to "Go Fund Me" or any other "marketing" as the channel will not be about any of that.

The channel will be about whether or not I can get the job done one step at a time. It is just a matter of pure curiosity for me, and one that I'm allowing myself to open to the public.
  • #39
  • Feb 19, 2020 5:55pm Feb 19, 2020 5:55pm
By the way, the $40mln is not the be all end all.

I'm on a much bigger quest than that. But, none of that can be "televised" per se and I won't publicly say the real target goal for reasons that are not so obvious and that I won't be discussing for other connected reasons that are also not so obvious. In fact, this is the last time I will mention my other goals. I just want to keep those goals private at this time.

So, you can think of the 40 as something of a primer. It may be indicative of the way the remainder of my trading career might shape up over time - though the execution platform(s) will change over time as well.
  • #40
  • Feb 19, 2020 5:56pm Feb 19, 2020 5:56pm
Keep dreaming. Only newbies would buy this....
Simplicity is the ultimate sophistication - Leonardo da Vinci
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