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  • #758,201
  • Feb 13, 2013 3:28am Feb 13, 2013 3:28am
Quoting Ken A
With that consistent high leverage? No chance.

If he set a target $10,000 then lower the leverage and after $100,000 lower the leverage more, we might see $1,000,000 but not in 10 weeks. Unless he can catch a trend such as E/J back in Oct 2012.

The part that will fail is human factor.
He just needs 2-3 bad trades to be out of the game...risky
  • #758,202
  • Feb 13, 2013 3:35am Feb 13, 2013 3:35am
Quoting Fxnewdeal
He just needs 2-3 bad trades to be out of the game...risky
Let's just say the poster is genuine on experiment not for other commercial agendas in disguised, the poster will draw his own conclusion. High leverage kills.

When you start to make $10K or $100K per trade, will tend to forget it's real money on the line.
  • #758,203
  • Feb 13, 2013 3:36am Feb 13, 2013 3:36am
Quoting math_GB
It is OK mate, but I would avoid such sharp statements, there are many newbies on the thread. When an experienced 10+V member makes a statement like yours, it is taken serious. I personally don't but I know there are many...
You Are right
Sorry i forgot that
  • #758,204
  • Feb 13, 2013 3:38am Feb 13, 2013 3:38am
Quoting Alexone
Lol no i didnt know that. Weird...If he makes it to 2 mill in 10 weeks i will buy whatever he is selling i tell u that much. I mean u cant tamper with the results in trade explorer...can u?
dependence on user , if you have access to meta trader server you can everything. i have given special demo account by broker after i have requested lifetime demo for testing development. that account have yellow icon like live account and it does not say it's demo like ordinary account

trade explorer much much better than any other online static available as it's pull data from mt4 server. on other stats site it's very easy to manipulate
Mohan
  • #758,205
  • Feb 13, 2013 3:41am Feb 13, 2013 3:41am
125.90 for E/J and 1.3485 for E/U are tough to crack.
  • #758,206
  • Feb 13, 2013 3:43am Feb 13, 2013 3:43am
Quoting KiwiTrada
I could almost garantee "every" trader has their first account destroyed, and most traders also thier 2nd account, and atleast 50% of trader wipeout thier 3rd, and disappear, Im not saying you will or you even should, what Im saying is there is a very high probability it will happen.

!st account, with your mind full of all the fantastic, easy ways to make it trading, including every trading style you can cram in your head, demo adnausium, open account, 1st trade, shaking like a leaf, you enter, could even fluke it and gain some pips, "wow"...

Just seen this now. VERY good/wise words KT...

Something I think everyone can relate to if they are honest...

Well written
  • #758,207
  • Feb 13, 2013 3:43am Feb 13, 2013 3:43am
Quoting math_GB
Still boozy...
Glad to know I'm not the only one...was greeted with "you look like s***" this morning when I got to the office. Poker nights will do that to you
  • #758,208
  • Feb 13, 2013 3:43am Feb 13, 2013 3:43am
Quoting Ken A
125.90 for E/J and 1.3485 for E/U are tough to crack.
I have my eyes on EJ, will risk a short @125.90s. A contra trade not my actual view to be frank...
  • #758,209
  • Feb 13, 2013 3:45am Feb 13, 2013 3:45am
Quoting 4exNinja
Glad to know I'm not the only one...was greeted with "you look like s***" this morning when I got to the office. Poker nights will do that to you
You think you don't gamble enough during the day you 24/7 gambling addict...!
  • #758,210
  • Feb 13, 2013 3:50am Feb 13, 2013 3:50am
Quoting Ken A
125.90 for E/J and 1.3485 for E/U are tough to crack.
I agree on the E/U, where do u get the E/J number? Is it the DPP?
Learning - pip by pip
  • #758,211
  • Feb 13, 2013 3:50am Feb 13, 2013 3:50am
Quoting math_GB
I have my eyes on EJ, will risk a short @125.90s. A contra trade not my actual view to be frank...
Might do OK because the up move was by E/U and there's no upwards momentum for U/J.
  • #758,212
  • Feb 13, 2013 3:50am Feb 13, 2013 3:50am
loaded short 3480-85 area
  • #758,213
  • Feb 13, 2013 3:52am Feb 13, 2013 3:52am
Quoting Freshpips
Just seen this now. VERY good/wise words KT...

Something I think everyone can relate to if they are honest...

Well written
I am kinda proud to say I have never ever blown my account since I started this shite 3.5 years ago. I had tough days - many tough days - but never blown it gladly. It is extremely important to know how much you risk, if worst case happens it happens you can't do much about it but risk is manageable with this thing...

On another note, never intended to turn 600 USD into a million in 10 weeks either. I suggest to stay away from such ideas for every newbie.
  • #758,214
  • Feb 13, 2013 3:53am Feb 13, 2013 3:53am
bastards
  • #758,215
  • Feb 13, 2013 3:53am Feb 13, 2013 3:53am
Quoting Ken A
Might do OK because the up move was by E/U and there's no upwards momentum for U/J.
It still did not touch it so no shorts for me yet. You know how crackhead it is, faking everyone
  • #758,216
  • Feb 13, 2013 3:56am Feb 13, 2013 3:56am
Quoting math_GB
I am kinda proud to say I have never ever blown my account since I started this shite 3.5 years ago. I had tough days - many tough days - but never blown it gladly. It is extremely important to know how much you risk, if worst case happens it happens you can't do much about it but risk is manageable with this thing...

On another note, never intended to turn 600 USD into a million in 10 weeks either. I suggest to stay away from such ideas for every newbie.
Less chance to blow account if someone start with over $100K or $1,000K. Most that blown accounts are under capitalized.
  • #758,217
  • Feb 13, 2013 3:57am Feb 13, 2013 3:57am
Quoting Ken A
With that consistent high leverage? No chance.

If he set a target $10,000 then lower the leverage and after $100,000 lower the leverage more, we might see $1,000,000 but not in 10 weeks. Unless he can catch a trend such as E/J back in Oct 2012.

The part that will fail is human factor.
Agree! Technically possible - but human nature will see that it doesn't happen.

His trading style will be a huge factor as to the way he could go about it but if he is a scalper who can consistantly return between 20-40 pips a day (not everyday but certainly accrue 100 green pips a week) I would say a better route would be to build his way up to placing 5K and then just place 5k until he reaches his target. He would need 33 pips x300 to make 5k a day or average out over a week of 25k which would be around 100k per month - he'd get there in the end and would have a lovely lifestyle whilst doing it. Heck even on 100 pips a week would be 15K and around 60k a month. If he wanted to speed the process up he could creep the numbers up but why bother - once you've had a successful month you are virtually set for life as long as you don't loose your head on bad days and have a definate cut off point.

Just my take on trading - the great thing about Forex is the variety of styles and so many different routes to achieve all our differet goals.
  • #758,218
  • Feb 13, 2013 3:58am Feb 13, 2013 3:58am
Quoting Ken A
Less chance to blow account if someone start with over $100K or $1,000K. Most that blown accounts are under capitalized.
True... I don't think I would ever touch this thing if I had blown my account
  • #758,219
  • Feb 13, 2013 3:58am Feb 13, 2013 3:58am
Quoting Cjh
I agree on the E/U, where do u get the E/J number? Is it the DPP?

It's DPP and draw a line the supply zone one the left.
  • #758,220
  • Feb 13, 2013 4:01am Feb 13, 2013 4:01am
Quoting math_GB
True... I don't think I would ever touch this thing if I had blown my account
If someone can put in $500K or $1,000K he/she should know how difficult to earn it in the first place to easily blow it away by overleraging to click the SELL and BUY button
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