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High Leverage Trading, Going For A 100 Million, 100% A Week

  • #121
  • Jul 12, 2014 9:30am Jul 12, 2014 9:30am
Quoting forexvegan
Subscribed. I wish you best of luck and would love to see you progress. I noticed that you are a US citizen like me. You do realize you can open an account offshore right? If you worried about the government there are legal ways to proceed like the Hollywood stars and big companies do. For instance open a company offshore. There are legal entities that will own 51% of the company (this is very safe many people do this and put millions of their hard earned dollars in it) and you own 49% and put the money thru there. Many other examples. I would love...
i was thinking about doing the offshore thing to get more leverage but not to trade like this only to open more trades in other pairs
  • #122
  • Jul 12, 2014 10:07am Jul 12, 2014 10:07am
crazy what high leverage can do, i only made 544 pips but got 900% return, really not a good way to trade unless you have the holy grail and nobody gots the holy grail
  • #123
  • Jul 12, 2014 1:19pm Jul 12, 2014 1:19pm
Quoting Proximus
Ok albchr TE is up, time to go cowboy and lets see how to make 500% in a week.I started with 100€ demo as i always do, lets see if i can get to a million
Cool! This will be very interesting to see. Best of "luck" to you. ...
Ghost Rider - WWTBMD?
  • #124
  • Jul 12, 2014 2:15pm Jul 12, 2014 2:15pm
Quoting albchr
{quote} Cool! This will be very interesting to see. Best of "luck" to you. ...
i think that guy is trying to get rich quick, if he has that kind of attitude he won't be trading for long
  • #125
  • Jul 12, 2014 2:28pm Jul 12, 2014 2:28pm
Quoting PoundTrader
{quote}i think that guy is trying to get rich quick, if he has that kind of attitude he won't be trading for long
I agree with your assessment of the motives but then, he did state pretty clearly that was his goal. So I'm willing to give the benefit of doubt here.

But I do wish there was some real skin in the game. If successful in his stated goal, it really doesn't prove anything without the associated emotions and differences between demo and live. Even worse, it could build a bad habit of thinking it can be done live as well. But, for the entertainment alone, let's see what happens on the demo side of life.
Ghost Rider - WWTBMD?
  • #126
  • Jul 12, 2014 3:30pm Jul 12, 2014 3:30pm
Quoting albchr
{quote} I agree with your assessment of the motives but then, he did state pretty clearly that was his goal. So I'm willing to give the benefit of doubt here. But I do wish there was some real skin in the game. If successful in his stated goal, it really doesn't prove anything without the associated emotions and differences between demo and live. Even worse, it could build a bad habit of thinking it can be done live as well. But, for the entertainment alone, let's see what happens on the demo side of life.
trust me cowboy trading with real money is totally different then cowboy demo trading, the guy said he going for 500% a week cowboy style, we shall see
  • #127
  • Jul 12, 2014 11:33pm Jul 12, 2014 11:33pm
having major problem loading fxopen platform after i download myfxbook ea to the platform
  • #128
  • Jul 13, 2014 12:19am Jul 13, 2014 12:19am
fuck man, having problems with the platform, hopefully it will load when market open, if not i gonna have to re-download it and gonna have to start over
  • #129
  • Jul 13, 2014 9:56am Jul 13, 2014 9:56am
Quoting PoundTrader
{quote}i think that guy is trying to get rich quick, if he has that kind of attitude he won't be trading for long
Obviously, what else could it be.Now get rich quick in my definition is not risking 90% of the account on every trade, i do have some money management, its just that the small risk type doesnt suit me.

Quoting albchr
{quote} I agree with your assessment of the motives but then, he did state pretty clearly that was his goal. So I'm willing to give the benefit of doubt here. But I do wish there was some real skin in the game. If successful in his stated goal, it really doesn't prove anything without the associated emotions and differences between demo and live. Even worse, it could build a bad habit of thinking it can be done live as well. But, for the entertainment alone, let's see what happens on the demo side of life.
Yes it could be done, at first it may be a little bit of excitement and anxiousness about the money, but if i would withdraw regularly it would not be so scary.I have some self control, and after the capital grows to a responsible size, then i would decrease the risk.

For example i will start with 100 €, after it grows to 10.000 € i will decimate the risk, after 100.0000 decimate again, and at every 20% growth to say i would withdraw 10% profit, so in my side pocket i would have atleast 30-40% of the profits and 100% of the initial capital at every time, so even if i blow out, i would not lose anything since i would have way more that i have started with.And if i get to 100.000k then by then the risk would be the normal 0.5-1% of the balance ,and with 100.000k a 2-3% monthly growth would feel better than a 1$-2$ growth per month on 100 bucks.

Just think about it risking 1% on a 100 $ or € account for a 1-2% monthly growth is lame, even in my county you can earn way more than that from an hourly wage, so its just not worth trading.The account needs a little boost until it gets to 10.000€, otherwise i would get old before getting to a million.

You could say that why not wait until i get 20.000€ and then start trading normally, thats also a possibility but its better to trade more than to start with a big account and have no clue,experience is important, because if you start at first time with 20k there is no guarantee that you will be profitable by doing the 0.5% risk management game.

So instead my plan basically is this:

  1. start with the smallest amount possible that your broker lets you, and resonable to a small leverage, so 100€ $ ¥ or £
  2. cowboy yourself until 10.000, if you lose before its no big deal, maybe withdraw the initial 100 after 1000 so that you would not lose anything (except time and effort)
  3. after 10.000 decimate your risk (/10) your risk and adjust your return to a 10-15%/ month, it will take a few years though but once you get to 100.000 it will be easy
  4. after 100.000 look only for smaller return, heck you can even try out other safer markets as you wish , create a portfolio so lets say put 60k in bonds and blue chip stocks, and the rest in forex, so you would have growth in both porfolios with reasonable risk
  5. You can even take 1000$ out and cowboy that again to 100.000 in another account so you would have 200.000, and repeat that as many times as you wish
  6. If you lose no big deal and no psychological burden since your bigger chunk of money would always be in safety

"There's a sucker born every minute" - P.T. Barnum
  • #130
  • Jul 13, 2014 2:02pm Jul 13, 2014 2:02pm
Quoting Proximus
{quote} Obviously, what else could it be.Now get rich quick in my definition is not risking 90% of the account on every trade, i do have some money management, its just that the small risk type doesnt suit me. {quote} Yes it could be done, at first it may be a little bit of excitement and anxiousness about the money, but if i would withdraw regularly it would not be so scary.I have some self control, and after the capital grows to a responsible size, then i would decrease the risk. For example i will start with 100 €, after it grows to 10.000 €...
wish you the best
  • #131
  • Jul 13, 2014 4:07pm Jul 13, 2014 4:07pm
well guys i can no longer log into this demo account i have to start over, look for new thread
  • #132
  • Jul 13, 2014 4:46pm Jul 13, 2014 4:46pm
Quoting PoundTrader
well guys i can no longer log into this demo account i have to start over, look for new thread
The broker stole your demo dollars.
  • #133
  • Jul 13, 2014 4:49pm Jul 13, 2014 4:49pm
Quoting calderone
{quote} The broker stole your demo dollars.
  • #134
  • Jul 13, 2014 4:50pm Jul 13, 2014 4:50pm
Quoting calderone
{quote} The broker stole your demo dollars.
LOL... they took one look at that week and said... "WTF?? this guy needs a demo??"
Ghost Rider - WWTBMD?
  • #135
  • Jul 13, 2014 4:52pm Jul 13, 2014 4:52pm
there was no open trade so that account stand for what it was, i downloaded the EA from myfbook then something went wrong, so im starting over in new thread
  • #136
  • Jul 13, 2014 4:57pm Jul 13, 2014 4:57pm
i will continue in this thread
  • #137
  • Jul 13, 2014 4:58pm Jul 13, 2014 4:58pm
Why a new thread bro? Just start a new demo and stay here...no? Not that it matters really.
Ghost Rider - WWTBMD?
  • #138
  • Jul 13, 2014 5:09pm Jul 13, 2014 5:09pm
Quoting albchr
Why a new thread bro? Just start a new demo and stay here...no? Not that it matters really.
im staying here bro
  • #139
  • Jul 13, 2014 7:48pm Jul 13, 2014 7:48pm
Quoting PoundTrader
{quote}im staying here bro
I am saddened by how small my balls are when I look at your returns, demo account or no ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #140
  • Jul 13, 2014 7:50pm Jul 13, 2014 7:50pm
Quoting ZebraSquirl
{quote} I am saddened by how small my balls are when I look at your returns, demo account or no ... .
altho demo i am very caution and very nervous when i make these trades
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