What Chances do I have with $16.39 | Forex Factory

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What Chances do I have with $16.39

  • #1
  • First Post: Oct 6, 2011 4:36am Oct 6, 2011 4:36am
Well, I checked an old email and saw a monthly statement sent from one of the MT4 brokers I used several years back. On my statement, I saw $16.39 account balance! the good thing is the broker offers micro lots too.


My question now is what are my chances to succeeding with the very little account?

  • #2
  • Oct 6, 2011 4:54am Oct 6, 2011 4:54am
Change you leverage to highest possible, like 500:1, make a bet with two trades in two non-related pairs a micro lot each, hope for the best.
Don't get mad, get even!
  • #3
  • Oct 6, 2011 5:16am Oct 6, 2011 5:16am
Quoting stulic
Change you leverage to highest possible, like 500:1, make a bet with two trades in two non-related pairs a micro lot each, hope for the best.
I just did; 1:500

Thank You stulic.


but my chances are, what are the probability of winning my first trade? it's got to be extremely high.
  • #4
  • Oct 6, 2011 5:22am Oct 6, 2011 5:22am
Quoting trader4all
I just did; 1:500

Thank You stulic.


but my chances are, what are the probability of winning my first trade? it's got to be extremely high.
How is anyone supposed to know? We don't know what pair you're trading, buy or sell, your RR, nor anything outside of your whopping $16.39 account balance for that matter. Kind of hard to calculate something with such limited information don't you think?
  • #5
  • Oct 6, 2011 5:42am Oct 6, 2011 5:42am
Quoting 2+2=4ex
How is anyone supposed to know? We don't know what pair you're trading, buy or sell, your RR, nor anything outside of your whopping $16.39 account balance for that matter. Kind of hard to calculate something with such limited information don't you think?
right, I understand. but not too sure if I will get banned from the forum if I post a myfxbook link here that could help traders monitor this account in real-time. i.e. RR, standard deviation and all. what do you think?

maybe I should enquire first; If I'm permitted to, then I can post here the link to monitor this account and viewing all details.
  • #6
  • Oct 6, 2011 5:57pm Oct 6, 2011 5:57pm
why would you get banned for posting a myfxbook link? this forum is about trading.

With regards to your account, ask your broker to convert it to a nano account, if you cant do that then just trade 0.01 lots. Obviously with an account so small you are limited to relatively small trades, say 10 or 20 pips.
{Promotion Removed}
  • #7
  • Oct 6, 2011 6:08pm Oct 6, 2011 6:08pm
Quoting trader4all
Well, I checked an old email and saw a monthly statement sent from one of the MT4 brokers I used several years back. On my statement, I saw $16.39 account balance! the good thing is the broker offers micro lots too.


My question now is what are my chances to succeeding with the very little account?

I have every faith in your ability to succeed with the very little account.
Living the adventure in my head.
  • #8
  • Oct 6, 2011 10:15pm Oct 6, 2011 10:15pm
if you lose the 16.39 it has to be cuz the broker stop hunted your account
  • #9
  • Oct 6, 2011 10:38pm Oct 6, 2011 10:38pm
Quoting Hedge212
if you lose the 16.39 it has to be cuz the broker stop hunted your account
That's BS. Sorry hedge212 but no excuses

Hang in there Trader4all. U got'ta awesome idea. Don't lose ur cool.
  • #10
  • Oct 6, 2011 10:47pm Oct 6, 2011 10:47pm
Quoting Hedge212
if you lose the 16.39 it has to be cuz the broker stop hunted your account
Quoting egadsforex
That's BS. Sorry hedge212 but no excuses.
LOL!... It's called sarcasm egads. Damn, and I thought I was the average one.

Quoting Hedge212
Hang in there Trader4all. U got'ta awesome idea. Don't lose ur cool.
"Yea Trader4all, hang in there buddy. Don't lose your cool and start quoting Ayn Rand like I did in that other thread." -egadsforex



PS. got'ta? Really?
  • #11
  • Oct 7, 2011 12:00am Oct 7, 2011 12:00am
There is no longer an official government issued currency of the great nation of Zimbabwe or I would have suggested the ZimDollar/Zloty cross shooting the whole wad on it. Though an alternative is the Zambian Kwacha.

Don't let the hedgies knows about this.

  • #12
  • Oct 7, 2011 12:15am Oct 7, 2011 12:15am
If I were you I would be looking at Nanningboobs v10 thread( not sure which one but theres like 3 or 4 of em)

No stop losses cause it's real good stuff. 60,000 traders here have downloaded and making money from it, Bob sez. It's like totally the perfect
system for micro accts. Really is.

Even has EA's that are like the best. Bob says so.

I dunno think it must be 90% weiners!


woofwoof
team beagle
Markets are Mirrors,,Mastery of craft is mastery of self
  • #13
  • Oct 7, 2011 12:27am Oct 7, 2011 12:27am
Quoting bluesteele
If I were you I would be looking at Nanningboobs v10 thread( not sure which one but theres like 3 or 4 of em)

No stop losses cause it's real good stuff. 60,000 traders here have downloaded and making money from it, Bob sez. It's like totally the perfect
system for micro accts. Really is.

Even has EA's that are like the best. Bob says so.

I dunno think it must be 90% weiners!


woofwoof
team beagle
LOL. Oh man that was some good stuff. I was literally laughing out loud.

team beagle!
woof woof

  • #14
  • Oct 7, 2011 12:47am Oct 7, 2011 12:47am
with good trading experience/knowledge/skill, you can turn $16 to $100+ no problem by not gambling

with bad trading experience/knowledge/skill, you can turn 100,000 into 0 no problem.
  • #15
  • Oct 7, 2011 1:05am Oct 7, 2011 1:05am
Trading micro shouldn't matter. It's all the same.

I did something similar when I found out I had $12 in an old account a few years ago after taking a long break from trading. I took it up to $30 in about a month risking 3% per entry and piling the entries on when the trade was in favor. It was a good way to get back in to the swing of things.
  • #16
  • Oct 7, 2011 11:22pm Oct 7, 2011 11:22pm
you can donate it to me.
  • #17
  • Last Post: Oct 13, 2011 6:44am Oct 13, 2011 6:44am
Quoting EdgarNg
with good trading experience/knowledge/skill, you can turn $16 to $100+ no problem by not gambling

with bad trading experience/knowledge/skill, you can turn 100,000 into 0 no problem.

I am really agree with you, the second point is the best one))
Okay, let's have fun...
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