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Which news can affect which currency? 17 replies

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thank you so much. 600k in 4 months. there is hope afterall
Quoting tenmilewalk
thank you so much. 600k in 4 months. there is hope afterall
To make $600,000 out of only $500, you would need a daily profit of 9.27%. Assuming that you are trading 80 days, 20 days per month, 4 months long.

Should you reach $100k after 3 months, you need to make at least ~$9k from that day on. Take a risk reward ratio of 1:1. Are you cool enough if you have an open drawdown of nearly $10k?
If you want to achieve it via scalping, your SL is often further away than your TP. So you maybe risk 20% for a 10% profit. This works well as long as you have a high profit ratio.

9.27% daily is absolutely achievable. I made 10% during the last 2 days, but with a sligthly bigger account. But as soon as my account increases, I will lower my risks.

Because 5% is not 5%.
5% risk of $2,5k is $125. I can afford to lose $125. Even 2 or 3 times in a row.
5% risk of $100k is $5k. But losing $5k is something very different... especially if you lose 2 or 3 times in a row.

I wish you all the best to make $600k out of $500. But be prepared, that you will not achieve it within your first trial.
Quoting fugly
Another one I've heard on the forum is RR .... 250 usd to 250k usd in a year

I have a statement of a guy who traded $500 to over $600k in less than 4 months ......
But he must have lost 90% of $600K in the next 4 months. High profits are not possible for long-term. That is the reason why there are many HYIP programs who claim to have forex and stock trading and they pay high profits for 6 or 12 months and they disappear suddenly without warning. I think these HYIP programs suffer big losses and lose all their investors money and they disappear.

My forex manager paid profit of +37% of a particular month but then there were big loss also. He is paying for past 10 years average profit of +35% per annum (without compounded interest).
Quoting forexdollar$
But he must have lost 90% of $600K in the next 4 months. High profits are not possible for long-term. That is the reason why there are many HYIP programs who claim to have forex and stock trading and they pay high profits for 6 or 12 months and they disappear suddenly without warning. I think these HYIP programs suffer big losses and lose all their investors money and they disappear.

My forex manager paid profit of +37% of a particular month but then there were big loss also. He is paying for past 10 years average profit of +35% per annum (without...
very possible ..... i don't know what happened subsequently but its certainly not sustainable for sure. i think he probably wanted to know how far he could go with $500.
Quoting forexdollar$
But he must have lost 90% of $600K in the next 4 months. High profits are not possible for long-term. That is the reason why there are many HYIP programs who claim to have forex and stock trading and they pay high profits for 6 or 12 months and they disappear suddenly without warning. I think these HYIP programs suffer big losses and lose all their investors money and they disappear.

My forex manager paid profit of +37% of a particular month but then there were big loss also. He is paying for past 10 years average profit of +35% per annum (without...
Thanks for the good laugh HYIPs claim to trade and invest, but in reality they are just Ponzi schemes. No trading ever goes on in these schemes. New investor deposits pay out older investors until the supply of cash runs out and it collapses.
Quoting oakmonster
Thanks for the good laugh HYIPs claim to trade and invest, but in reality they are just Ponzi schemes. No trading ever goes on in these schemes. New investor deposits pay out older investors until the supply of cash runs out and it collapses.
I have been involved in few HYIP programs that were paying 1% to 2% per trading day. Many big investors had done due diligence/background check for HYIP program and they had written excellent about the company. Here is reply from one of the big investors.

"They show their course of trading in real time and it's proven to be genuine. I also discussed and consulted with several forex traders. They analyzed their real time trading chart and confirmed the same. This company is really registered and licensed company - I made personal due diligence with Public Registry of companies and Ministry of trade and commerce. It's a standard due diligence check before investment. They confirmed that this company is allowed to manage third party funds and to trade on forex. The license can be downloaded at their website.

The company accepts bank wires to their personal corporate bank account but not to an exchanger's account. They own real office and they do not hide their phone number and fax number.

I have a managed forex account with this company for a long time and it's rather big, actually the biggest in my investment portfolio. I already returned my 10k investment + profit and have several active plans with bigger investments there. I admire profit flowing to my bank account from this company.”

Everybody, but this HYIP program and other HYIPs shut down without warning and disappeared with investor's money (maybe they suffered big losses). Now I do not get involved in HYIP.

Now my money is managed by my forex manager who has been paying profits to their investors for past 20 years.
Everything possible in this world,

Mr. Chen Li Kui made about $250K out of $300 in a month!

There was some volatility, 100:1 leverage and he got very lucky of course. But it is what it is. This guy made his money on ExpressFX, which is FxClub's platform for beginners.

As far as I know he cashed out and that was a really right move.

Cheers,
  • Post #28
  • Quote
  • Edited 6:02pm Dec 8, 2010 5:49pm | Edited 6:02pm
FXCLUB yada yada yada

LavaT, your efforts to prop up your company are vain, every time you speak it's one more step toward Moscow.
Your company continually losing its account profitability and fewer and fewer customers. In 2 years you should have no more than 1000 opened accounts.

However, best of luck.
Send regards to your Babushka.
Quoting duxis
FXCLUB yada yada yada

LavaT, your efforts to prop up your company are vain, every time you speak it's one more step toward Moscow.
Your company continually losing its account profitability and fewer and fewer customers. In 2 years you should have no more than 1000 opened accounts.

However, best of luck.
Send regards to your Babushka.

Quoting duxis
FXCLUB yada yada yada

LavaT, your efforts to prop up your company are vain, every time you speak it's one more step toward Moscow.
Your company continually losing its account profitability and fewer and fewer customers. In 2 years you should have no more than 1000 opened accounts.

However, best of luck.
Send regards to your Babushka.
OMG!

You better go tell your boss that you need vacation. You really need to.

Peace brother!
Quoting forexdollar$
"They show their course of trading in real time and it's proven to be genuine. I also discussed and consulted with several forex traders. They analyzed their real time trading chart and confirmed the same. This company is really registered and licensed company - I made personal due diligence with Public Registry of companies and Ministry of trade and commerce. It's a standard due diligence check before investment. They confirmed that this company is allowed to manage third party funds and to trade on forex. The license can be downloaded at their...
With due respect, being registered in Panama is in no way legitimate. They even claimed to have a license? Very funny

The fact they appeared to have disappeared from the face of the Earth without a trace is a telling sign that maybe you should have chosen a better example
Quoting Scalpaholic
Hi, I'm new and this is my first post.

The thing I wanted to know but couldn't find on the forum here is the name of some brokers that would guarantee stops during FAs.

Or at least know which brokers I cannot trust in this.

I am using FXDD. Has anyone had problems with them?

Thanks!
I also tried FXDD and not was satisfied. In my experience alpari.ru is more acceptable for me.
Quoting lavatrader
FxClub don't have any slippage on news.
Is it real? seems mission impossible, I traded on FXDD for 3 years, 80% slippage happened on news.
Hi, I'm new on this forum so first of all would like to say hello to you guys.

I have a problem with my trading account. Today I noticed a huge loss due to large correction. My account was closed and the total loss exceeds my initial deposit more than 6 times and the negative ballance is much below 0 at the moment.

I would like to ask if there is anything I can do with that - I mean will I be asked by my broker to repay this loss??
As far as I know you cannot lost more than you put on your account because the brokers would close your positions if they exceed a certain level above 0.

Have you ever had any similar situation?

Please help.
Quoting jrg
Hi, I'm new on this forum so first of all would like to say hello to you guys.

I have a problem with my trading account. Today I noticed a huge loss due to large correction. My account was closed and the total loss exceeds my initial deposit more than 6 times and the negative ballance is much below...
The broker cannot come after you to recoup the loss. Just open an account with a new broker and continue to trade. It sounds like this broker you are using are not at all competent and/or are playing horrible games with their clients.
  • Post #36
  • Quote
  • Edited 7:53pm May 2, 2011 6:10pm | Edited 7:53pm
Thank you for your reply.

Do they have any legal ways to claim a refund? I'm asking because I'm affraid that they will contact me and this may end in court.

I'm trading forex for a couple of years and never had any similar situation before.

The broker is FSA regulated well know firm.

Who will be responsible for the loss in this case?
  • Post #37
  • Quote
  • Last Post: May 3, 2011 4:58am May 3, 2011 4:58am
jrg, as far as I remember I've read something similar to your story on forexpeacearmy site - I would ask people there also. To my humble knowledge you should not give up, if that was your broker fault, then they are obliged to pay all the money back.
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