It is possible to make 2000 from 200 in Forex? It is easy or very difficult? | Forex Factory

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It is possible to make 2000 from 200 in Forex? It is easy or very difficult?

  • #1
  • First Post: Apr 17, 2010 5:19pm Apr 17, 2010 5:19pm
Welcome dear reader, the purpose of this post is about the experiences of those who are successful in Forex.

I know and trading Forex for almost 2 years, but recently these past 4 months I began to study hard to achieve success on my own. Before I try different signal services and automatic trading system and services, But none were good.

My investment so far is around 2500 usd in different brokers and services. Most of my investments was in a popular broker currently offers a automatic trading service, was where I lost the greatest investment, about 1500 usd.

1 months ago, after hours of surfing, I found this great community ForexFactory and immediately I began to read and try out different strategies, but I just tested 2 strategies. The first, Sonic R. System: http://www.forexfactory.com/showthread.php?t=114792 And the second, which I learned much not only on trading, but also on the necessary discipline, etc: http://www.forexfactory.com/showthread.php?t=224697 (I attach a excel with the results of the best week with this strategy)

My intention with this post is to leave a question to all those who are successful in Forex, and learn from their experiences, the question is:

Is it possible to convert 200 usd in 2000? How long would it take? Please share your experience.

I am currently a corporate finance adviser, and my intentions for the future is to devote exclusively to Forex. I also want to make many contributions to this community as my experience will bear fruit to share.

Thanks, and have a nice day.
Attached File(s)
File Type: xls DEMO History (with TheDance System).xls   84 KB | 859 downloads
  • #2
  • Apr 18, 2010 3:48am Apr 18, 2010 3:48am
Quoting FxMike

Is it possible to convert 200 usd in 2000? How long would it take? Please share your experience.
At an average of 16% per week, compounded, it should take around 16 weeks. That's assuming you don't blow up first, I noticed that despite an ~18% drawdown you continued trading the same size. Also was there a bit of overtrading on the 8th?

Quoting FxMike
I am currently a corporate finance adviser
Can you name the firm, I'd like to short their stock
  • #3
  • Apr 18, 2010 4:25am Apr 18, 2010 4:25am
Quoting FxMike
1 months ago, after hours of surfing, I found this great community ForexFactory
Now that's hard work ! Let's hope the other participants recognize the true scale of your efforts



More seriously, when do you intend to start trading full-time ? You might hit some bumps at the start of your journey buy it will certainly get more interesting later on.
  • #4
  • Apr 18, 2010 5:34am Apr 18, 2010 5:34am
Quoting FxMike
Is it possible to convert 200 usd in 2000? How long would it take? Please share your experience.

If you still ask yourself such questions you should probably stay away from trading live at that point.
  • #5
  • Apr 18, 2010 6:02am Apr 18, 2010 6:02am
Quoting TJPLD

If you still ask yourself such questions......
It's worse than that, he's asking other people!
  • #6
  • Apr 18, 2010 6:04am Apr 18, 2010 6:04am
Quoting pipmutt
It's worse than that, he's asking other people!
He's still young & learning, please be clement.

Or, he's trying to show in a few weeks that he made it and that he will sell his system via PM...
  • #7
  • Apr 18, 2010 6:12am Apr 18, 2010 6:12am
Quoting Intensity
He's still young & learning, please be clement.

Or, he's trying to show in a few weeks that he made it and that he will sell his system via PM...
Clement, sure, but you'd expect a 'corporate finance adviser' would know better than to even think of asking a question like that. I guess it explains the recent financial crisis if we've got that kind of experience advising corporates about finance!
  • #8
  • Apr 18, 2010 6:16am Apr 18, 2010 6:16am
Quoting pipmutt
Clement, sure, but you'd expect a 'corporate finance adviser' would know better than to even think of asking a question like that. I guess it explains the recent financial crisis if we've got that kind of experience advising corporates!
Quite frankly, when you read the emails written by the financial companies' top management published on Zero Hedge or Dealbreaker, you'll realize that they often are at FxMike's level

Love your sig.
  • #9
  • Apr 18, 2010 6:27am Apr 18, 2010 6:27am
Quoting Intensity
Quite frankly, when you read the emails written by the financial companies' top management published on Zero Hedge or Dealbreaker, you'll realize that they often are at FxMike's level

Love your sig.
lol, cheers, that's Soros wisdom not mine

You're right. It never ceases to amaze me how some of those people command 7-figure salaries plus bonuses! If they're the cream I'd hate to see the average!

Barclays must have one of the highest concentration of financial incompetents that I've ever seen, and that's not just retail, that's at corporate level. If you or me ran a business like that we'd be bankrupt within a couple of months!
  • #10
  • Apr 18, 2010 11:52am Apr 18, 2010 11:52am
Sure it's possible! But definitely not probable.
  • #11
  • Edited 4:09pm Apr 18, 2010 3:58pm | Edited 4:09pm
Quoting pipmutt
At an average of 16% per week, compounded, it should take around 16 weeks. That's assuming you don't blow up first, I noticed that despite an ~18% drawdown you continued trading the same size. Also was there a bit of overtrading on the 8th?


Can you name the firm, I'd like to short their stock
jaja, being a corporate finance adviser has nothing to do with Forex, believe me. Perhaps an investment adviser know about Forex.

What I show in the excel attachment is by way of example on the information I would like to know from the experiences of those with consistent results (not my case) in Forex.

Perhaps the main point of my question was not understood, it can be for my poor English. I just want to know about concrete results. I personally think that it is possible (200 to 2000 usd, ie 1,000% from a minimum capital for a mini account), but I also know that for a retail forex investor can be doubly or triply difficult than for a bank (provided over the course of 200 to 2000 usd, or 200,000 to 2,000,000 which would be right for a bank), as many of our positions are taken by the same broker as counterparty, and all that it implies (for a good reader, a few word) żDoes anyone here achieve a similar feat? Overcoming all obstacles to enter the Forex further as a retail investor.

The best result I know so far is this news:

"The best manager this year was Anton Trefolev, better known by his nom de AntFX, which has shown in his account-PAMM over 11 000% return in two months ..."

Amazing, right?
  • #12
  • Apr 18, 2010 7:04pm Apr 18, 2010 7:04pm
Quoting FxMike

The best result I know so far is this news:

"The best manager this year was Anton Trefolev, better known by his nom de AntFX, which has shown in his account-PAMM over 11 000% return in two months ..."

Amazing, right?
Yes it is amazing, what will be even more amazing is whether they publish his name in BOLD when he turns that 11000% into Zero. There have been far far far fewer, less than 1% of traders who have managed those returns in comparison to people who have turn a $5 lotto ticket into multi-millions. The returns are not the issue, the issue is the manner in which gains are made and there high improbable nature to stay that way. To make such gains in a short period of time it would be major risk, small profit taking and large (if any) stops. The ultimate recipe for a disaster and the longer you push the boundaries, the more likely you are to becoming a statistic. Besides what is not mentioned in the quote is the starting capital.

If you want to turn $200 into $2000 in the shortest period of time then yes it is possible, sustainable though I think not and you dont even need a great system, just some high risk and luck because if you think making 1000% comes down to a system then you might want to finish before you start.

Razor
  • #13
  • Apr 18, 2010 7:16pm Apr 18, 2010 7:16pm
In short....


Possible? yes.

Easy? Depends on how well you can make money on a coin toss.
  • #14
  • Apr 18, 2010 7:41pm Apr 18, 2010 7:41pm
I have learned the hard way that Yes I can increase an account 100% over a short period of time but the same method can also lose an account over a short period of time. I have found though that if I keep the margin size and lot size down I can average 5-15% a month. If I get into troube I keep enough margin to get my self out. Can I use the same system and go for a bigger cut yes but then I risk margining out my account. So there is a risk to reward factor. Personally the way I trade now, I may take losses now and then but I dont risk the account.
  • #15
  • Apr 18, 2010 8:28pm Apr 18, 2010 8:28pm
Quoting Ronald Raygun
In short....


Possible? yes.

Easy? Depends on how well you can make money on a coin toss.
Exits this is an interesting exercise to say the least.
  • #16
  • Apr 18, 2010 9:51pm Apr 18, 2010 9:51pm
Quoting pipmutt
Can you name the firm, I'd like to short their stock
  • #17
  • Apr 19, 2010 12:02am Apr 19, 2010 12:02am
Quoting FxMike
jaja, being a corporate finance adviser has nothing to do with Forex, believe me.
No, but one would expect a corporate finance adviser to have a bit of general financial common sense!

Quoting FxMike;3648413I
but I also know that for a retail forex investor can be doubly or triply difficult than for a bank
If anything the reverse is true, but that's another discussion....

Quoting FxMike
The best result I know so far is this news:

"The best manager this year was Anton Trefolev, better known by his nom de AntFX, which has shown in his account-PAMM over 11 000% return in two months ..."

Amazing, right?
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?
  • #18
  • Apr 19, 2010 1:32am Apr 19, 2010 1:32am
Quoting pipmutt
If anything the reverse is true, but that's another discussion....
That seems evident, otherwise GS and al wouldn't have to be that corrupt in order to make some money.
Trading is hard, cheating & lying is easy.
Every corporate finance adviser knows that
  • #19
  • Apr 19, 2010 9:28am Apr 19, 2010 9:28am
Quoting Razor_trader
Yes it is amazing, what will be even more amazing is whether they publish his name in BOLD when he turns that 11000% into Zero. There have been far far far fewer, less than 1% of traders who have managed those returns in comparison to people who have turn a $5 lotto ticket into multi-millions. The returns are not the issue, the issue is the manner in which gains are made and there high improbable nature to stay that way. To make such gains in a short period of time it would be major risk, small profit taking and large (if any) stops....
Thanks 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)
  • #20
  • Apr 19, 2010 10:04am Apr 19, 2010 10:04am
Quoting FxMike
Thanks 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)
Then what's holding you back? Go ahead and do it.
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