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How many traders here can grow $11.88 to over $100k in 4 weeks

  • #21
  • Apr 7, 2013 10:10am Apr 7, 2013 10:10am
Quoting kinspk
...With leverage, I will break down my TP about 10 times each 10 pips (10*10) to pocket the 100 pips and grow the capital(Due to the increased pip value)...
Hello! Could you please explain a bit what does that mean. As far as I can understand on the way down up you gonna take profit and reenter with increased lot size. Am I right?
Thanks!
  • #22
  • Apr 7, 2013 10:11am Apr 7, 2013 10:11am
Yes. If you trading the lottary. You can make hundreds of millions of $$$ with just a few dollars and with no much effort. You just buy the ticket and pray.

Dont leave your day job just yet.
  • #23
  • Apr 7, 2013 10:13am Apr 7, 2013 10:13am
Quoting gspajon
Stop screwing around. Following good money management and sane investing ptactices it is abolutely NOT possible. Disagree? Post your proof. Lets see an actual verifiable account statement with the consistent returns required for such a ridiculously STUPID claim. Otherwise you're just another voice in the scam crowd...do us all a favour...try to at least come up with something original. The, "I went from nothing to rich in 6 months" will only get the most stupid of investors...and if they're that stupid, the are unlikely to have any money...or...
As long as the dude realizes he is gambling what harm is there in it? Lot's of people engage in risky behavior everyday. I don't think he is suggesting that this is the proper way to trade.

It is highly unlikely but possible to get ten 200 pip swing trades in a row to go your way. If that were to happen you could turn 1,000 in to a million. You can do the same at a roulette wheel true, but there is some art to trading where a casino is pure luck (mostly). And if only one of those ten trades margins you out you lose your thousand completely.

The odds are preposterous but it is possible (maybe not with $11.00 )
  • #24
  • Apr 7, 2013 10:21am Apr 7, 2013 10:21am
Shame on me. I found it
  • #25
  • Apr 7, 2013 10:22am Apr 7, 2013 10:22am
Quoting kb24
Probably it is very easy, but I just could see any "subscribe" button around. How to subscribe then? Thanks !
Menu on the left: Subscribe to thread.

Anyway, just by answering the thread, you are subscribed.
MT4/MT5 EAs/Indicators/Alerts coder
  • #26
  • Apr 7, 2013 10:27am Apr 7, 2013 10:27am
Thanks! I see you are MT4 follower. What do you think about MT5? Is that worth trying?
Regarding original topic, I think EURJPY is the most suitable for this kind of quick trading
  • #27
  • Apr 7, 2013 10:30am Apr 7, 2013 10:30am
anything is possible, what matters is your risk of ruin, do you want to trade in a fashion where it's impossible to wipe out your whole account? do you want to take on a small risk of it happening or a large risk...

It's all just probabilities, but you will find that over time as traders become better, and by better I mean more consistent, they tend to gravitate towards trading that involves small risk.

To get up and trade day in, day out, and know for sure that no matter how bad the day goes you will be back tomorrow makes trading far more manageable and less prone to emotional trading mistakes.

man this is the best comment i ever heard thanks
  • #28
  • Edited 10:48am Apr 7, 2013 10:32am | Edited 10:48am
Quoting kinspk
Anyway, just my personal opinion, no offence. Base on the above profit taking method, the probability of reaching your target 100k with about 12 bucks capital is near zero. With leverage, I will break down my TP about 10 times each 10 pips (10*10) to pocket the 100 pips and grow the capital(Due to the increased pip value). Next, It also depend on what kind of instruments you are playing, because a daily pips range will be different from the total pips ranges of all swing high and swing low of a day. So if you are a scalper working all day, I may...
the instrument in context here are just four very liquid forex pairs listed below. To the best of my knowledge, they are capable of rising or falling between 95 to 100+ pips at least twice a week. That is the flaw I will take advantage of.

1. EURJPY
2. GBPJPY
3. GBPCAD
4. GBPAUD
  • #29
  • Apr 7, 2013 10:54am Apr 7, 2013 10:54am
Quoting Samer1970
I do believe that you can do so. with a micro account, 0.01 lot, and a good EA that it will not stop all days and nights, i think it might be. thank you samer

If there was an EA that can turn $12 into 100K in 4 weeks, your wouldn't bother - you would be too busy blowing your nose with $100 bills.
  • #30
  • Apr 7, 2013 10:57am Apr 7, 2013 10:57am
Quoting e.trader
the instrument in context here are just four very liquid forex pairs listed below. To the best of my knowledge, they are capable of rising or falling between 95 to 100+ pips at least twice a week. That is the flaw I will take advantage of. 1. EURJPY 2. GBPJPY 3. GBPCAD 4. GBPAUD
Putting to one side the fact that the pairs you mention can move far more than you stated in an hour, let alone a day or a week, you appear to have no understanding of the markets in which you are trying to trade. Those pairs are all crosses. At times they can be more volatile than some of the majors, but they are not more liquid. For liqud markets, trade the majors, not the crosses. If you don't even know the difference between liquidity and volatility, I think you are posting on the wrong website.
  • #31
  • Apr 7, 2013 11:05am Apr 7, 2013 11:05am
Quoting ukmanthailan
Putting to one side the fact that the pairs you mention can move far more than you stated in an hour, let alone a day or a week, you appear to have no understanding of the markets in which you are trying to trade. Those pairs are all crosses. At times they can be more volatile than some of the majors, but they are not more liquid. For liqud markets, trade the majors, not the crosses. If you don't even know the difference between liquidity and volatility, I think you are posting on the wrong website.
I understand they can move over my stated value in 1 hour but I want to be realistic and not chew more than my mouth can contain. I fully understand the movement and the cruel liquidity but I must have a goal (Just like every institutional trader with a goal)
  • #32
  • Apr 7, 2013 11:07am Apr 7, 2013 11:07am
there has been countless threads like this on forexfactory, none has lived up to their claims. Aiming for big and impossible dreams when having nothing. Majority of new traders expect so much while having so little to trade with. I am pretty sure if you know someone who accomplish this, they obviously would NEVER share they secrets with anyone. Why would they? Sooner you realize the reality and let go of the delusions the faster you will be success in this forex world.
Trade what you see, not what you think!
  • #33
  • Apr 7, 2013 11:09am Apr 7, 2013 11:09am
Quoting e.trader
I understand they can move over my stated value in 1 hour but I want to be realistic and not chew more than my mouth can contain. I fully understand the movement and the cruel liquidity but I must have a goal (Just like every institutional trader with a goal)
If you were actually to accomplish that "goal", you will be hands down the best trader to EVER grace the planet in the last billion years.
Trade what you see, not what you think!
  • #34
  • Apr 7, 2013 11:14am Apr 7, 2013 11:14am
Since Pushkin wrote his http://en.wikipedia.org/wiki/The_Queen_of_Spades_(story) in 1834, nothing has changed, so why not ? At least it worth trying
  • #35
  • Apr 7, 2013 11:27am Apr 7, 2013 11:27am
Quoting gspajon
Stop screwing around... it is abolutely NOT possible. Disagree? Post your proof. Lets see an actual verifiable account statement with the consistent returns required for such a ridiculously STUPID claim... The, "I went from nothing to rich in 6 months" will only get the most stupid of investors...only 11 dollars? Really? Its insulting to ... this forum something of value to others.
Uhh.. That must be hurt... Is he going to hit back (account statement) or the Jury should stops it
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  • #36
  • Apr 7, 2013 11:42am Apr 7, 2013 11:42am
Quoting gspajon
Stop screwing around. Following good money management and sane investing ptactices it is abolutely NOT possible. Disagree? Post your proof. Lets see an actual verifiable account statement with the consistent returns required for such a ridiculously STUPID claim. Otherwise you're just another voice in the scam crowd...do us all a favour...try to at least come up with something original. The, "I went from nothing to rich in 6 months" will only get the most stupid of investors...and if they're that stupid, the are unlikely to have any money...or...
That hurts more than getting kicked in the jewels! LOL
Trade what you see, not what you think!
  • #37
  • Apr 7, 2013 11:56am Apr 7, 2013 11:56am
Quoting e.trader
I never gave up even after 8 years! Now I can increase $10 to $300k in just 4 weeks. Of course with a minimum leverage of 1:300; with a honest and transparent Brker. PM me for clues to build a perfect strategy.


Quoting CindyXXXX
Yawn!you're kind of new to the whole scamming game aren't you? Don't worry I've been hustling people out of money around here since 2004. Send me a PM for more clues First hint: If you tell us you're from Nigeria, then we know you're from Nigeria

You know after 8 years, you would think you have learned something yet you still hold onto delusional aspirations. I believe your learning curve is not very very impressive.
Trade what you see, not what you think!
  • #38
  • Apr 7, 2013 11:56am Apr 7, 2013 11:56am
Quoting e.trader
Traders, I'm conducting a live experiment starting 8th.April.2013 to increase a little candy price amount of $11.88 to over $100,000 in four weeks. Anyone think this is possible? or impossible? please tell us your point of view, and how possible this is if you think it is. Your opinion and views are important. for those following, this is an audited statement from myfxbook. I should have used the explorer but I need a publisher that starts...

I'll join your challenge. I think I have an old account with around $30 in it. I don't really have a goal, I'm just going to try and see how high I can get it.
  • #39
  • Apr 7, 2013 12:17pm Apr 7, 2013 12:17pm
there are possibilities you can do it and it should not be by luck but should be by skill. i think do not have one chance instead have at least in 3 chances you can turn it.
  • #40
  • Apr 7, 2013 12:23pm Apr 7, 2013 12:23pm
Of course, it's possible to grow $11.88 to over $100k by trading. Let's see, if the risk management is only risk 5% of equity at the same time... huh... Pretty much of time is needed even growing the money to $100.

If the process only happens in 4 weeks such short period of time, I'm sure it can only be done by gambling, something like making use of unbelievable high leverage, martingale strategy, and you need a lot of luck too.
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