What is the best strategy for gowing an account quickly? | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

10 pips a day can make you rich quickly 244 replies

Anyway to look at a 1 minute chart from 1 year ago quickly? 1 reply

How quickly & far can a currency change direction 7 replies

Can anybody have ideas why price goes down very quickly in that two days! 13 replies

how can i quickly test out manual systems? 1 reply

Attachments: What is the best strategy for gowing an account quickly?
Exit Attachments

What is the best strategy for gowing an account quickly?

  • #1
  • First Post: Apr 23, 2009 11:59pm Apr 23, 2009 11:59pm
I am curious as to what you feel is the best strategy and setup (charts, indicators, time-frame) to grow an account quickly--without high risks. Is scalping the preferred method?
  • #2
  • Apr 24, 2009 12:10am Apr 24, 2009 12:10am
You're not going to get the answer you were hoping for. If there was a clear answer to that question, everyone would be wealthy private traders.

MM
"If it bleeds ... we can kill it"
  • #3
  • Apr 24, 2009 12:17am Apr 24, 2009 12:17am
Quoting NetEnt
I am curious as to what you feel is the best strategy and setup (charts, indicators, time-frame) to grow an account quickly--without high risks. Is scalping the preferred method?
Open a savings account and put a percentage of your money in it each month. Low risk and will grow over time.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #4
  • Apr 24, 2009 12:41am Apr 24, 2009 12:41am
See what i mean?

haha

MM

Quoting LasVahGoose
Open a savings account and put a percentage of your money in it each month. Low risk and will grow over time.
"If it bleeds ... we can kill it"
  • #5
  • Apr 24, 2009 12:44am Apr 24, 2009 12:44am
Quoting NetEnt
I am curious as to what you feel is the best strategy and setup (charts, indicators, time-frame) to grow an account quickly--without high risks. Is scalping the preferred method?
Save your money and forget about trading with such approach.
  • #6
  • Apr 24, 2009 2:36am Apr 24, 2009 2:36am
Quoting belekas
Save your money and forget about trading with such approach.
NetEnt, are you Looking for the Holy Grail?
Then go back in the Middle Ages!!!

Apart from the jokes, don't you believe that, if there was, everyone would use it?
To trading profitably, you must study and learn a lot, it takes a long time, dedication and resource, this is hard work, perhaps more than others.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #7
  • Apr 24, 2009 8:31am Apr 24, 2009 8:31am
High time frames(four hour+), support and resistance, NO indicators. Get a decent six month record and take it to a trading firm if you don't have enough capital on your own to make it. If you do, start out trading micro lots with a couple thousand till you get the hang of it.
  • #8
  • Apr 24, 2009 8:34am Apr 24, 2009 8:34am
Quoting hxcjf
High time frames(four hour+), support and resistance, NO indicators. Get a decent six month record and take it to a trading firm if you don't have enough capital on your own to make it. If you do, start out trading micro lots with a couple thousand till you get the hang of it.
I agree with the no-indicators part.
But why 4H? The charts work well in 1H and even 1M in some pairs.
{Promotion Removed}
  • #9
  • Apr 24, 2009 8:45am Apr 24, 2009 8:45am
Sell a scam internet Forex trading system through click bank for $97.00

I have never heard of even one single prosecution for Forex internet scamming. I mean talk about no risk high reward. Then when your name gets known as a scammer, start a new company with a slightly different scam and use click bank again. Rinse and Repeat.

You can find all the sleazy ideas you want for scamming from internet sites.

The supply is endless.
  • #10
  • Apr 24, 2009 8:52am Apr 24, 2009 8:52am
Quoting smjones
You can find all the sleazy ideas you want for scamming from internet sites.

The supply is endless.
And so are the potential victims.
  • #11
  • Apr 24, 2009 9:03am Apr 24, 2009 9:03am
Quoting opie999
And so are the potential victims.
Ya gotta love the human race.
  • #12
  • Apr 24, 2009 9:16am Apr 24, 2009 9:16am
Long EURUSD with all your saving. If u got margin out, use your next month salary. Close the position whenever u think u have enough profit.
  • #13
  • Apr 24, 2009 9:25am Apr 24, 2009 9:25am
Quoting forexisfx
Long EURUSD with all your saving. If u got margin out, use your next month salary. Close the position whenever u think u have enough profit.
Sure, and go rest in the shelter.
  • #14
  • Apr 24, 2009 9:33am Apr 24, 2009 9:33am
while everyone knows my feelings, teachings and what the newbs are producing in only a few weeks over on my thread, I believe the way to grow an account quickly is NOT the H4, with its multiple downturns that first put you in a winning position, then take it all away scaring the living bejesus out of you and then moving back up again shortly before (and sometimes after) youve had a heart attack.

the 15 minute is the one to play, as it encompasses EACH upturn and each reversal during the 24 hour day --- In this manner you are working each TREND AND DIRECTION CHANGE of the price and making your equity work FOR YOU the hardest.

NOW --- i do not disagree with those who stand by the H4, but only point out the realities of its dips and rises because you ask the question about QUICKLY, and only very good scalping on the one minute could beat the 15, and it takes a bit of time to become VERY GOOD !

of course, the one secret ingredient behind all this is MONEY --- in this case MORE is MUCH BETTER !

far easier to take $50K and make it $100K in a few weeks (we do it over at my thread constantly) than to take $5K and make it 10K in the same time period.

and when all is said and done, and you PROVE your trading abilities, what is to stop you from going PRO, opening your own fund (as I did) and letting others money push your net worth upwards ?

all trading gives us the ability to do these things, and forex (at least now) with its leverage and small equity requirements (compared to equities, shall we say) is one of the easiest and fastest routes to success !

to those members, all superior in their abilities and that i disagree with, please note it is my opinion as someone who has MADE the trip over a period of a few years and is only MY experiences and opinion.

but if a pretty normal old man with NO knowledge of finance or economics can MAKE it, pretty much anyone with the aptitude should do even better than my 350 - 600 pips a day !

enjoy and trade well

mp
  • #15
  • Apr 24, 2009 9:49am Apr 24, 2009 9:49am
Quoting NetEnt
I am curious as to what you feel is the best strategy and setup (charts, indicators, time-frame) to grow an account quickly--without high risks. Is scalping the preferred method?
Reminds me of another question I was asked by a youngster.
"How can I grow a beard in a week?"

Wait ten years.

Seriously:
THE Best Strategy is, without a doubt,
Understanding Many Strategies.

WHY?
To understand Numerous Strats will require Understanding The Market.
Once you Understand The Market, It's Yours.
  • #16
  • Apr 24, 2009 10:12am Apr 24, 2009 10:12am
Quoting mparker

and when all is said and done, and you PROVE your trading abilities, what is to stop you from going PRO, opening your own fund (as I did) and letting others money push your net worth upwards ?



mp
Please, either give the name of your fund, so it can be researched or shut the hell up about your alleged fund. This is nothing but spam and I am getting tired of hearing it. No one else is mentioning their Fund affiliations. I know I have never done it, nor others.

Reported as spam, because you seem to bring this up with noobs over and over.
  • #17
  • Apr 24, 2009 10:22am Apr 24, 2009 10:22am
sm

LL is presently researching that --- more patience is needed by golly !

I only mentioned the fund to show that others can do the same as long as they start with enough equity AND experience --- NOTHING ELSE implied or inferred !

but since you refer to the "newbs" allow me a moment to congratulate ALL of them who in a few short weeks have gone from rank amateur to budding good traders --- THEY are the proof of the pudding and what i do !

enjoy and trade well

mp



Quoting smjones
Please, either give the name of your fund, so it can be researched or shut the hell up about your alleged fund. This is nothing but spam and I am getting tired of hearing it. No one else is mentioning their Fund affiliations. I know I have never done it, nor others.

Reported as spam, because you seem to bring this up with noobs over and over.
  • #18
  • Apr 24, 2009 10:23am Apr 24, 2009 10:23am
well said Bemac and SO true

mp



Quoting Bemac
Reminds me of another question I was asked by a youngster.
"How can I grow a beard in a week?"

Wait ten years.

Seriously:
THE Best Strategy is, without a doubt,
Understanding Many Strategies.

WHY?
To understand Numerous Strats will require Understanding The Market.
Once you Understand The Market, It's Yours.
  • #19
  • Apr 24, 2009 10:37am Apr 24, 2009 10:37am
LOL MP

you havent proofed anything...still waiting...
only thing i think you have proofed..is that you realy need proff. help..

i wonder why you dont have your own website ?? with all those people following and making big bugs...it would be a great succes...(or maby not)
would be boring sitting controling 50-100 different nicks..and discuss with one self..
the site would turn out like the other gurus websites...seems like a succes the first few weeks..and then..the few real followers..will abandond..and try find new ways..because of lack of succes..
StopLoss is for none belivers... Trust the Gurus..
  • #20
  • Apr 24, 2009 10:45am Apr 24, 2009 10:45am
Quoting mparker
sm

LL is presently researching that --- more patience is needed by golly !

I only mentioned the fund to show that others can do the same as long as they start with enough equity AND experience --- NOTHING ELSE implied or inferred !

but since you refer to the "newbs" allow me a moment to congratulate ALL of them who in a few short weeks have gone from rank amateur to budding good traders --- THEY are the proof of the pudding and what i do !

enjoy and trade well

mp
MP,

smjones is correct. If you are unable or unwilling to prove your claims about the fund then you should refrain from mentioning it regularly as you do. To be honest, Its mention just sounds like marketing for yourself.

What Is your title in the fund? Ive found quite afew M.Parkers affiliated with NY funds.

Leon
Living the adventure in my head.
0 traders viewing now