Withdraw or reinvest my capital? | Forex Factory

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Withdraw or reinvest my capital?

  • #1
  • First Post: Dec 16, 2012 12:13am Dec 16, 2012 12:13am
Hello

I am just wondering ... please traders ... based on your experience ... which is better ... to withdraw some of your money , monthly ... or just reinvest and withdraw yearly ... iam using pepperstone ... i have made 2300$ from initial 350$ in four months ... I didnt withdraw any yet ?
shall i keep reinvesting all money in account or withdraw some and reinvest rest ...

thanks
let the chart to be your chauffeur ... -Forexmnstr-
  • #2
  • Dec 16, 2012 12:28am Dec 16, 2012 12:28am
withdraw 2k for every four months
Next question from you may be the following:
"I am withdrawing 2K every 4 months so where can I spend this money to? "
  • #3
  • Dec 16, 2012 12:32am Dec 16, 2012 12:32am
Quoting forexmnstr
Hello

I am just wondering ... please traders ... based on your experience ... which is better ... to withdraw some of your money , monthly ... or just reinvest and withdraw yearly ... iam using pepperstone ... i have made 2300$ from initial 350$ in four months ... I didnt withdraw any yet ?
shall i keep reinvesting all money in account or withdraw some and reinvest rest ...

thanks
Withdraw money from a forex account? This is something that yout friendly neigborhood market-market never hears about. Most of them don't even bother to create a "wire out" department.
  • #4
  • Dec 16, 2012 1:02am Dec 16, 2012 1:02am
thanks guys ... but I think withdrawing 2k is too much ... i will withdraw 1k .. reinvest the rest ... and withdraw 500$ monthly ...
let the chart to be your chauffeur ... -Forexmnstr-
  • #5
  • Dec 16, 2012 1:05am Dec 16, 2012 1:05am
Quoting newdigital
withdraw 2k for every four months
Next question from you may be the following:
"I am withdrawing 2K every 4 months so where can I spend this money to? "
If you have enough money for living ... why withdraw 2k ... just reinvest and grow your bankroll ... maybe one day you will reach 1 million ... you never know ...
let the chart to be your chauffeur ... -Forexmnstr-
  • #6
  • Dec 16, 2012 1:14am Dec 16, 2012 1:14am
Quoting forexmnstr
Hello

I am just wondering ... please traders ... based on your experience ... which is better ... to withdraw some of your money , monthly ... or just reinvest and withdraw yearly ... iam using pepperstone ... i have made 2300$ from initial 350$ in four months ... I didnt withdraw any yet ?
shall i keep reinvesting all money in account or withdraw some and reinvest rest ...

thanks
Forex is not investment, although many people here talk about "compounding". Most of them, still, compound just paper money.
Forex trading is speculation, going for short term profits. So, regular withdrawing of money is absolute must but - only after you have a proper account size.
If trading for living, it is enough to keep account size at 7,000-10,000 USD. Then you most probably trade 1 lot per trade and withdraw your win every single month keeping account size stable.
Right now, your question comes too early. Both 350 and 2300 are tiny accounts, no need to think about taking money out.
  • #7
  • Dec 16, 2012 1:16am Dec 16, 2012 1:16am
Quoting forexmnstr
If you have enough money for living ... why withdraw 2k ... just reinvest and grow your bankroll ... maybe one day you will reach 1 million ... you never know ...
My sentiments exactly. If you're not in need of money right now and have confidence in your trading skills, why even bother withdrawing money? You'll just impede the process of compounding.
  • #8
  • Dec 16, 2012 1:32am Dec 16, 2012 1:32am
Quoting Indrek
Forex is not investment, although many people here talk about "compounding". Most of them, still, compound just paper money.
Forex trading is speculation, going for short term profits. So, regular withdrawing of money is absolute must but - only after you have a proper account size.
If trading for living, it is enough to keep account size at 7,000-10,000 USD. Then you most probably trade 1 lot per trade and withdraw your win every single month keeping account size stable.
Right now, your question comes too early. Both 350 and 2300 are tiny accounts,...
your absolutely right ... i will just wait untill I reach 7 to 8k ... then I will consider withdrawing some ... trading 1 lot at the moment is risky ...
let the chart to be your chauffeur ... -Forexmnstr-
  • #9
  • Dec 16, 2012 3:44am Dec 16, 2012 3:44am
Quoting forexmnstr
Hello

I am just wondering ... please traders ... based on your experience ... which is better ... to withdraw some of your money , monthly ... or just reinvest and withdraw yearly ... iam using pepperstone ... i have made 2300$ from initial 350$ in four months ... I didnt withdraw any yet ?
shall i keep reinvesting all money in account or withdraw some and reinvest rest ...

thanks
The real power of forex comes after you become consistent in winning: it's called compounding. You keep increasing lot size according to the account size. At the same time you should pay yourself as much as possible.
What worked for me, was adjusting the lots to correspond to 2% of the account size (for 15-20 pips wins). I also established a payment schedule for every 3 steps, i.e. every three steps of 2% wins, I would pay myself 2%. The rest was left inside to allow me to compound the account. I am not suggesting that you follow the same plan, but you should figure a number that is not too risky for you, but which allows you 1) to compound the account and 2) to pay yourself.
  • #10
  • Dec 16, 2012 8:34am Dec 16, 2012 8:34am
.

You could withdraw, say 1k, and open account with a different Broker with $350 and try to repeat.
But basically, the purpose will be learn the process and speed of Broker withdrawals.

Sometimes brokers are very eager to open accounts and want you to deposit quick, but leave some lose
ends from the opening process that no one at the brokers care about if you already made a deposit
and magically are reviewed at withdraws time.

In this way you know for sure that no surprises will arise if you need your money for emergency or others.

J.
  • #11
  • Dec 16, 2012 9:02am Dec 16, 2012 9:02am
Always withdraw portion of your profits!. Withdraws are true profits.

I always withdraw 50% of my monthly profits. This is helping me pay for my monthly expenses. Hopefully in the future, it will be in the 25% range.

Again, the profits in your account is not profits unless it's sitting in your bank account.
NocturnalFX is no longer offering commercial services
  • #12
  • Dec 16, 2012 3:31pm Dec 16, 2012 3:31pm
Unless you have a very specific reason to withdraw any money, keep ALL your profits in your account and trade it. Delay "paying" yourself for as long as humanly possible. Let your money work for you. As your equity grows, increase your position size. You will see your equity exponentially grow. The less you withdraw, the quicker the exponential growth.
  • #13
  • Dec 17, 2012 8:29pm Dec 17, 2012 8:29pm
My profit is not so big as I wish...but still) so I usually withdraw some money and reinvest the rest sum.
  • #14
  • Dec 20, 2012 5:48am Dec 20, 2012 5:48am
If you trade for living you can withdraw sufficient $ on monthly basis and let other funds in the account.It is better to keep achievable monthly target always although we have uncertainties. Reinvest some portion of profits may grow accounts rapidly and can increase lot size and risk low $ on each trade.
  • #15
  • Dec 21, 2012 12:42am Dec 21, 2012 12:42am
On the question of withdrawing your profits, it's up to you. If the broker is not a proxy for 'fishy guts for sale market' you can keep the funds in the account but would advise you to withdraw the $350, just to be safe. I assume you're trading on micro/mini, which is it? And how many trades do you open in a week/month?
  • #16
  • Dec 21, 2012 5:29pm Dec 21, 2012 5:29pm
Quoting Forexnuts
On the question of withdrawing your profits, it's up to you. If the broker is not a proxy for 'fishy guts for sale market' you can keep the funds in the account but would advise you to withdraw the $350, just to be safe. I assume you're trading on micro/mini, which is it? And how many trades do you open in a week/month?
Iam a daily trader ... mini account ... and I trade a mini lot each time ... max 3 mini lots ... i dont keep the position more than a week ... pepperstone (broker)
let the chart to be your chauffeur ... -Forexmnstr-
  • #17
  • Dec 22, 2012 12:56am Dec 22, 2012 12:56am
No one ever withdraw any money from a forex account.
Brokers have bills to pay they need all the money you can send them.
  • #18
  • Dec 22, 2012 7:27am Dec 22, 2012 7:27am
Quoting Mingary
No one ever withdraw any money from a forex account.
Brokers have bills to pay they need all the money you can send them.
...<>... are you serious
let the chart to be your chauffeur ... -Forexmnstr-
  • #19
  • Last Post: Dec 22, 2012 7:30am Dec 22, 2012 7:30am
Quoting Mingary
No one ever withdraw any money from a forex account.
Brokers have bills to pay they need all the money you can send them.
few drops of pee just came out of me ... I cant stop laughing
let the chart to be your chauffeur ... -Forexmnstr-
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