1stECN! $16 to over $150k in less than 6 weeks!

Guys, glad to be here with people of like minds. Though I'm very positive about trading; and dislike pessimistic people who don't believe one can achieve whatever one think they can achieve.

First and foremost, the brain is the most powerful computer on planet earth when the creator of the universe (The God of all) Is in support).

I started this thread because I want to track my performance and also open it for discussion to whoever might find interest in using an extremely small amount to start the FX trading business like me . Not too many got thousand of USD, Euro or Pounds to burn off trading.

Starting with a small amount of about $5 or higher if you can afford it, and performing excellently put you among the 5% or limited few among the successful traders. You will do well if you've acquired the knowledge to the fullest and also get armed with the knowledge of advanced portfolio management.

Another essential stuff to know is using a credible brokerage firm that won't take your $5 LOL. Actually, I go with this firm because they were the second firm I used after I acquired a very little knowledge about FX 8 years back. They paid me profit profit I made just from guessing! That was the moment I believed FX is real; and one can actually earn from the business.

Please watch, read and/or contribute if you will.

Thank You.
1stECN

Just took the Last trade for the day, GBPCHF short. I'm positive that my target will get hit before next Frankfurt session

Why dont you open stop loss and take profit values?

good luck, but I highly doubt you'll manage it.

Ibe, for reasons known to me alone, I do not wish to disclose this value my friend. Thank you.

Only time will prove you right. Please, lets all watch and see where it ends in 6 weeks. Will I win? or lose? though investment is small. But still above $5. Thank you so much Jeremy for contributing.

Thanks

hope u will do it!

1stECN I'll like to see how you do it, i want to achieve a similar goal.

Minus 70% in a day...absolutely brilliant!

What do you want to accomplish with a 16$ account? Take that 16$ go out and give it to the 1st beggar u see. At least u made a poor person happy.

Friends, after analyzing it, I noticed I over leveraged the account. I have just reduced the leverage. So, after I get the account balanced up, things will look better. Won't take long though to get back on track.

thank you for you posts. Thanks.

the guy is a rocket science

In 6 weeks there are roughly 35 trading days, less if theres bank holidays and what not, if you're going to do this, idealy you want to start with $100 or so, and look to double your account every 3-4 trades, so if you have a loss, you still have a good chunk of your account left and risk 20%-25% of your account on any one trade (very very high risk), that being said, I think the only way possibly for you to even attempt this would be doing 3-4 trades a day and effectively doubled your account daily, using nothing but pure price action on the smaller timeframes, a few weeks later.....good luck.



I've just punched a few numbers into this winblows calculator, if you doubled your account daily for 6 weeks/35 trading days, you would have $549755813888 starting with $16....lol

Oh and I noticed you're with Alpari, bad choice IMO, from experience.

What did I learn?

the FX is no doubt a lucrative market to be in. I learn't so much from that trade I executed that wiped 70+% in few hours. How?

I traded the wrong pair: GBPCHF with no session or trading activities during the asian times, which mean no participant on that pair overnight Bad for my strategy. For the correction, I have unchecked it from my list of pairs. and focused only on EURUSD, EURJPY, NZDUSD, AUDUSD, AUDJPY, and GBPUSD.

I checked a lower risk too as I think that will be a major problem in achieving the predicted goal.

I executed that trade by 10am EST; that's the time Both sessions are preparing to wind up for the day. If it was EURUSD, traders still trade that pair even during the Asian session, though with low liquidity; same with GBPUSD.

I guess I will perform better now even if 6 weeks is...

thanks guys for contributing.

I just adjusted my proprietary strategy to execute only EURO pairs during Frankfurt session because that's the pair for Frankfurt.

GBP, AUD, and NZD comes in London session and NY session. GBPCHF has been deleted from my list of pairs.

I still got 18 more trading days, but figure could be 85k+ based on my calculator's calculation. I might withdraw funds or transfer it ECN commission based account, Or, just keep my trading account with alpari and leave some good amount in it that could let me just trade 50 standard lots until I'm tired of Standard acct. BTw, I have a another account with some other brokerage firm that allow 100 standard lots. I hope they are reputable!

just an update to "whom it may concern"

I have just executed a BUY on EURJPY.

I have just optimized my proprietary strategy to fit in all market direction between 7am and 10am NY time. Can also Work on highly volatile day's of economic news too.

I don't see EURJPY moving up further unless there's a retracement; or possibly if I spot a high probability Short. Hope you guys saw the effect of the optimization? no matter the retracement, the trend always hold even on very volatile day's. Like the one experienced on the EUR, 4am EST today.

hello guys core PPI at 8:30am couldn't stop the rise of EURJPY neither could FOMC Member Lockhart speach.

Till tomorrow
good bye

After a long day trading, EURJPY never gave a second opportunity to execute a second trade ... . That's normal! some days, I get dual opportunity to execute 2 trades which drastically increase my earning. It's all good. I'm satisfied;

good bye traders.