i doubled 5k to 10k in a days

please tell me how you trading please...

Most likely, unless your stacking around an already winning core trade, this is gambling and not trading the forex.

Everyone should realize that this thread is rather pointless because ANYONE can open 10 high risk trades (just look at how big his trades are for the account size) and get lucky to hit some big winners in a volatile currency pair like GBP/JPY.

I've had plenty of winning streaks that are 30+ trades long but who cares?

The statistical probability of this guy's strategy working out (with this much risk) over the long term is virtually 0.

Here is my prediction:

This thread's original poster will resume trading again and blow the account in a couple of weeks. Then you will notice he will disappear from this thread never to post on it again.

Big surprise.

P.S. To the original poster, I wish you only success and good fortune trading the currency markets and hope that you learn more about this type of venture before you set yourself up for disaster. Use your winnings to educate yourself and it will pay off in spades in the future.

Congradulations! I certainly would appreciate to review your strategy, and if I succeed, I will share my stradegy with you.

Thanks, Joe Lenihan [email protected]

That was mean of me. Good luck in 2008.

And if you don't succeed I presume you won't post the results?

The original poster doesn't really have a strategy if he is risking that much in the first place. I suggest going to your local fairgrounds and picking a horse that smiles at you. At least that would be entertaining!



In all seriousness, just be careful when reading threads such as this.

Some guy has instant success, and almost everybody wants him condemned. What happened to the "Happy New Year" spirit?

Apparently everybody has jumped to the conclusion that Forex2money is implying that his rate of return is sustainable. But perhaps he just wants to share his recent run of good fortune with us all.

We all know that with leverage and some luck, almost anything is possible, in the short term. Conversely, there are plenty of good sticky posts by Diallist, PeterFM, TheRealThing, and others, as to what is realistically possible in the long term, and the approach (method, money management and mind set) necessary to achieve it.

People go to casinos for entertainment, knowing that if they play for long enough, they will eventually lose. Well, there's no law against using forex as a similar vehicle for "gambling". For example, recently there was a highly talked about thread touting a 97% win rate. Well, if (and I stress IF) a 90% win rate is achievable, then the probability of attaining 10 consecutive wins is around 35%. If one was to start with a small stake, and employ anti-Martingale position sizing, using winnings to fund each successive margin requirement, then doubling up each time across 10 wins would generate a substantial amount, while the overall risk is limited to the initial stake. To purists like me, that's incredibly reckless MM, but my point is that the leverage available in forex allows one to adopt any approach that one wishes. Not everybody has the patience to grind their way torturously toward that life-changing amount.

David

Its nice result but can you continue doing this or its luck
then i wish you good luck..

sorry abount delay because i am really busy and cant updare thread evry days
ok man you can see my Jan history for make sure its not luck.

You had at a time a position with 8 lots that went down 87 pips. This was a 27% potential dd with only one position with a maximum of 30% according to your set SL...

If you have 3 trade in a row with a 30% DD you will have a total of 65% DD if you keep a 30% DD by position.

This is not trading. This is gambling...

I'm sure if someone look closely at your statement, we will have a crazy relative DD ratio...

But hey, it's your demo money and you seem to have a pretty success/rate ratio (higher than mine) so who should care ^^

Let see if you can do the same on a real account.

His position sizing is horrible it's in no way connected with his account balance. 0.3 Lots 6 Lots. Lol

last time i showed one of FF members my account is live and again i see some peoples said me its demo please belive it.
i will ask FF admin to close this thread sorry.
if want see my blog check here
http://fx2money.blogspot.com/
i will update there evry weeks
Regards

DID HE SAY DOUBLED 5K USD IN A DAY...(the english was off there,didnt catch his point?_).haha

If you indeed doubled 5k in a day my friend,i weep for your future...please check again with us in a week or 3!!

That account will all be gone.lmao...

Great men have tried that level of aggressivenes and risk before you...and none of them have survived!!!

Just remember any one can get lucky and make money during a bear or bull market....few can get lucky and make money all year round.
Thus to say don't confuse luck with a solid trading plan/strategy.

i dare you,to check in with us again after 2 months,that account wont survive past a full 2 month maximum time period, at the rate you are going!!

This thread is 12 yrs old.

making double money is not a minor issue , even though its possible from trading but you need a very professional skill and experience , otherwise this approach can make you loser within very short time.

yes professional traders can make more money from there , by the way there is any difference between successful trader and professional trader ? what you think ? i sometimes feel its all about same issue.

That quite a few years ago, are you still trading? If yes, how is it going?

Checking into his blog that he shared and it doesnt look like he has posted anything at all. I guess his account blew up

How is that possible in forex? It seems impossible to me