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+10% Profit per day

  • #221
  • Jul 21, 2015 1:01pm Jul 21, 2015 1:01pm
Quoting infernal199
{quote} last day +2.5%ROE & today +0.2%ROE... slowed down have to speed up the process... I usually not this much slow EDIT: another thing discovered today... have to look for opportunity in all available pair rather than looking in one single pair all the day... many opportunity i missed all these times
see you found your opportunities, especially on the live account.
Today (Tue) -12.8% -84 17/18
there is always, always another trade!!
  • #222
  • Jul 21, 2015 10:20pm Jul 21, 2015 10:20pm
Quoting profitfarmer
{quote} see you found your opportunities, especially on the live account. Today (Tue) -12.8% -84 17/18
ya said that already didnt follow EUR up trend & I need to learn how to identify "Support & Resistance" zone... I still dont know that
It is the dust where you came from & it is the dust where you shall return
  • #223
  • Jul 23, 2015 1:06am Jul 23, 2015 1:06am
Started to learn how to use Supply & Demand zone but already lost down to $54... well it doesnt matter after all... I am just a 4months old kid in forex world after all... I have a long way to go
It is the dust where you came from & it is the dust where you shall return
  • #224
  • Jul 23, 2015 8:19am Jul 23, 2015 8:19am
Quoting infernal199
Started to learn how to use Supply & Demand zone but already lost down to $54... well it doesnt matter after all... I am just a 4months old kid in forex world after all... I have a long way to go
Here my friend, do a little homework
watch this video. The mathematical side you can google at your leisure, levy flights etc. But really pay attention form 4:20 into the video. Absorb it, because this is what actually moves the market for the most part:

Inserted Video


Then, once you've watched that one, watch the same guy make a very important point!

Inserted Video


Most people will tell you that in the second video he is wrong. Just remember, most people aren't making money

Watch the 2, absorb what he is saying, and then look at the way the charts move.

This is why I say react, not predict

Have a nice day!
Wealth comes from what you keep, not what you earn
  • #225
  • Edited 9:22am Jul 23, 2015 9:00am | Edited 9:22am
Quoting trader34
{quote} Here my friend, do a little homework watch this video. The mathematical side you can google at your leisure, levy flights etc. But really pay attention form 4:20 into the video. Absorb it, because this is what actually moves the market for the most part: https://www.youtube.com/watch?v=xtdzPepX83w Then, once you've watched that one, watch the same guy make a very important point! https://www.youtube.com/watch?v=0I6lqIBJ2JM Most people will tell you that in the second video he is wrong. Just remember, most people...
Didnt watched it yet, but before that I wanna say... Supply & Demand zone is far far better than any other indicators I ever used... yes, only 4 months but I used more than 60+ indicators by now & used 20+ EA & honestly speaking S&D zone is far greater than all of these

Just started to practice with S&D zone therefore, Its too soon to compliment but result is awesome... with my previous strategy my avg pips daily was 15 - 20 max (I used high lots but low pips)

but, within 3h after started with S&D zone I got 40+ pips & its painless after all... NO tension, everything set up, TP & SL... whatever happen It will happen... just relax

but, when I used my previous indicators I had to always alert for possible uncertainty & also I was unsure where I should put my SL & most of the time I didnt & thats why my draw down was huge & loss was huge

anyway... things getting better & better, just like I said before.... Forex is not HARD & also not SCARY!!

Real physical business is much more risky & hard than forex business
It is the dust where you came from & it is the dust where you shall return
  • #226
  • Jul 23, 2015 9:33am Jul 23, 2015 9:33am
So, today you're telling me everything is great, when your live TE says -28%?
Wealth comes from what you keep, not what you earn
  • #227
  • Jul 23, 2015 9:37am Jul 23, 2015 9:37am
Let me finally try to save you some time.
Indicators don't work.
EA's don't work 99.99% of the time.

So far all you've done is confirm this. And it took you 4 months.

Supply & demand is not an indicator. it's an observation, and a subjective one at that. You need to understand price action to a far higher extent than you do now.
Using an indicator for supply and demand is pointless.

But hey, don't let me dissuade you...do what you will.
Despite efforts to help people avoid the usual pitfalls, people just have to do them anyway.
Wealth comes from what you keep, not what you earn
  • #228
  • Jul 23, 2015 9:39am Jul 23, 2015 9:39am
Quoting infernal199
{quote} .. Forex is not HARD & also not SCARY!! Real physical business is much more risky & hard than forex business
Oh, and please don't tell me this until you've made a single dollar and held on to it for at least 6 months
Wealth comes from what you keep, not what you earn
  • #229
  • Jul 23, 2015 9:45am Jul 23, 2015 9:45am
Quoting trader34
So, today you're telling me everything is great, when your live TE says -28%?
just practicing in DEMO after few days if i see its working then will start again in Real
It is the dust where you came from & it is the dust where you shall return
  • #230
  • Jul 23, 2015 9:51am Jul 23, 2015 9:51am
Quoting trader34
{quote} Oh, and please don't tell me this until you've made a single dollar and held on to it for at least 6 months
I have few ques about you

How long you have been trading?
How much profit %ROE you made so far & also monthly & daily?
It is the dust where you came from & it is the dust where you shall return
  • #231
  • Jul 23, 2015 10:11am Jul 23, 2015 10:11am
Trading a little over 5 years.
Profitable for the last 2.

Total ROE I have no idea because I've been trading for a living and withdrawing wages. But still my main account is net positive after taking out $2k monthly.
Currently have main account and high risk small account. Main account has averaged profit of 14% monthly for 18 months +.
High risk scalp account was recent. Started at $1k. Lost a lot perfecting the method. Then doubled account from the original balance. That took 3 months from its lowest point to the point of doubling.
I then withdrew initial balance and more so it is a totally free account. Focusing on daily results is silly if you intend to be serious, but the scalp account is 2% up, and 1 trade running on main today.
I think that about covers it.
Wealth comes from what you keep, not what you earn
  • #232
  • Jul 23, 2015 10:16am Jul 23, 2015 10:16am
Quoting trader34
Trading a little over 5 years. Profitable for the last 2. Total ROE I have no idea because I've been trading for a living and withdrawing wages. But still my main account is net positive after taking out $2k monthly. Currently have main account and high risk small account. Main account has averaged profit of 14% monthly for 18 months +. High risk scalp account was recent. Started at $1k. Lost a lot perfecting the method. Then doubled account from the original balance. That took 3 months from its lowest point to the point of doubling. I then withdrew...
okzzz... thats awesome! then for me I just started... as you started overall profitable trading after 3 years... then, there is NO point for me to give up now... Its just so normal loosing 28% ROE even 100%
It is the dust where you came from & it is the dust where you shall return
  • #233
  • Jul 23, 2015 10:24am Jul 23, 2015 10:24am
Certainly not. No one is saying give up here...but, why fall into the same traps as everyone else if you don't need to?
But don't take my word for it.
There are a few lurking on this forum who are worth reading. Everyone has their different ways but it's the overall theme you should pay attention to.

You can start by dumping the silly idea of making 10% daily.
You can follow by removing any crappy indicator you may have on your charts.

Then..pick a pair, or a few....none if the exotic crap..but liquid. Traded pairs.
Watch them. Learn how they move. Watch interaction and correlation between time frames.

Do this for a while and things start to come together.

Try to understand, many of us have been there, done that with all the wonderfully colourful indicators imaginable. Those of us who survived this, use next to no indicators at all. And if we do, certainly not in the way they are intended!

Trading is hard and scary...but it can be done!
Wealth comes from what you keep, not what you earn
  • #234
  • Jul 23, 2015 11:14am Jul 23, 2015 11:14am
Quoting trader34
Certainly not. No one is saying give up here...but, why fall into the same traps as everyone else if you don't need to? But don't take my word for it. There are a few lurking on this forum who are worth reading. Everyone has their different ways but it's the overall theme you should pay attention to. You can start by dumping the silly idea of making 10% daily. You can follow by removing any crappy indicator you may have on your charts. Then..pick a pair, or a few....none if the exotic crap..but liquid. Traded pairs. Watch them. Learn how they move....
thx for the advise... yup I heard that many pro traders dont use any indicators at all... maybe just watching plane chart also use trend line (manual)

anyway... things will come back eventually... on May last week I made 80% ROE within 5days & total 165% ROE before collapse to 35% ROE on DEMO account that time I had only 2months of experience! not accidentally but maybe lucky that time (ya ofcorse luck)

That time trading was too much easy for me... dont know why? maybe I wasnt using real account

anyway... I have another ques for you

I seen results of NordFX demo contest & also other brokers contest & most of them contest trader specially 1st to 15th position holder made min 500% ROE even 181,000% ROE within 1 week!?!!? HOW???

& last time I participate in NordFX demo contest within 7h 1-10th position holder achieved 60% ROE & within 1st day of contest 1st position holder achieve 700%ROE!!!

How its even possible? If forex is HARD??

tetis told me that... they are not in real account thats why?

OK... but I dont think even using demo account its not possible for a trader to achieve 700% ROE in 24h!! EVEN its possible then how?

& If they can achieve 700% ROE in demo account it will be very easy for them to achieve at least 10% ROE in 1 day in real account? right? simple as it is!

Maybe they are very highly talented but they did & still doing it...

therefore... Forex is not hard or scary after all... maybe it is, but for us!

And I will reach that level one day
It is the dust where you came from & it is the dust where you shall return
  • #235
  • Jul 23, 2015 12:28pm Jul 23, 2015 12:28pm
lol, I told you already about how a demo contest works...

take your account, pick a point you deem a good buy/sell, use all your leverage to enter trade...if you have say 500:1 leverage, use all that margin you can open approx. 5 lot on 1000$ account....

if you picked your side good, 1 pip=50$...20 pips move, and you made 100%....say you buy, and price rise 100 pips....lucky you....up 500%.
what if you go crazy, and double down...each time your account double on the 20 pips move, you add another 5 lot on your position...??

now, with some luck, and lots of baldness, you can come out ahead.
with some bad luck, your account is blown up...but no problem, next week new demo contest somewhere!

why the brokers do this?
1. the winners will blow up most probably their account before able to withdraw due most cases restrictions attached.
2. newbies seeing those numbers falsely think it must be easy to do, deposit more than it cost broker to offer as prize money.

ever think why most brokers by default offer large demos, with their best available commission/spread, and with minimum of any slippage?...anything that you wont realistically have starting with only 200$ on an ECN.
there is always, always another trade!!
  • #236
  • Jul 23, 2015 12:53pm Jul 23, 2015 12:53pm
Quoting profitfarmer
lol, I told you already about how a demo contest works... take your account, pick a point you deem a good buy/sell, use all your leverage to enter trade...if you have say 500:1 leverage, use all that margin you can open approx. 5 lot on 1000$ account.... if you picked your side good, 1 pip=50$...20 pips move, and you made 100%....say you buy, and price rise 100 pips....lucky you....up 500%. what if you go crazy, and double down...each time your account double on the 20 pips move, you add another 5 lot on your position...?? now, with some luck,...
ya you told me this before... but its not that as easy as you said

I participated so i know... leverage is 1:50 not more than that... & also as you explained it here, luck is 99% vital right? as you have to choose 1 single side & If you are lucky you will get it done but,

1st - How can you ensure that luck will be on your favor all the day long? forex dont move in 1 directions all the day... then it would be too easy to trade!

2nd - How can you ensure that luck will last for 1 whole week!!!

& the whole contest is 2 weeks duration... that means you have to have 2 weeks luck favor on you!!!

Luck doenst work that way... on top of that leverage is low only 50:1

then? HOW?
It is the dust where you came from & it is the dust where you shall return
  • #237
  • Jul 23, 2015 2:00pm Jul 23, 2015 2:00pm
you cant ensure luck.
but IT IS DEMO, non of those guys has bad dreams blowing it up.
try to do that on your 10-50-100k account!! I am pretty sure most wouldn't dare, me included.
but on demo? who cares end of the day?

want to tilt your chances toward yourself?
open multiple demo accounts

just to give an idea:
say you have just 4....
1st move, 2 takes short, 2 takes long same pair...2 margin call, 2 will double...if you chose a pair that moves
2nd move, repeat what you did on the surviving accounts, 1 long 1 short, again preferable on a pair that moves...average daily ranges aren't secret...

now, imagine you have more than 4 account, your "luck" can even last longer

however, I personally believe that 181.000% is a cheat. it is quite impossible to do such short time such amount of profit, even if with every trade your account double!
there is always, always another trade!!
  • #238
  • Jul 23, 2015 4:22pm Jul 23, 2015 4:22pm
Quoting infernal199
{quote} thx for the advise... yup I heard that many pro traders dont use any indicators at all... maybe just watching plane chart also use trend line (manual) anyway... things will come back eventually... on May last week I made 80% ROE within 5days & total 165% ROE before collapse to 35% ROE on DEMO account that time I had only 2months of experience! not accidentally but maybe lucky that time (ya ofcorse luck) That time trading was too much easy for me... dont know why? maybe I wasnt using real account anyway... I have another ques for you I seen...
Infernal,
Profitfarmer is absolutely right.
These contests, and for the most part demo trading in general is pure fantasy. Despite the leverage, these guys use insanely excessive risk and either win or lose huge. This isn't trading. It won't help you learn a single thing.

Think of it this way...as you rightly said, many in these contests make huge returns right? So then, why, after a contest does this trader not take his winnings in the funded account and do the same?
So, lets say he won $1000...makes a "mediocre" 1000% weekly...
In a month he is a deca millionaire right? In a year surely he should be kicking Bill Gates off the top of the forbes list?
Now these contests have been running for years...so, where are all the forex made billionaires?? You won't find any.

You know what really happens? The guy who won the contest sets up a MAM or PAMM account, and starts conning new people like yourself out of money. They don't care if they blow that account, with all your money too, because first it was free, and second, they get rebates on commissions traded...so in any case, they make money. The more money (lots) they trade, the more they make.
Once that one falls apart, they move onto the next.
So, how do they do it you ask? They don't!
If you play poker, here is an analogy....
A guy comes to a table, and goes all in on the 1st hand, before any cards are shown. HE will get lucky occasionally...but is he really playing poker? Would you want to learn from him? Moreover, would you send him to the casino with your money?!


Also, it's worth noting that in this world, there are countless better coders than there are traders. Good coders can bypass many of the verification pathways used to track performance in TE's and the like, and change the results. It's come to the point where faking a TE or Myfxbook profile has become so easy, that they are almost worthless. Why you ask?
Because there is far more money to be made for most of these guys by trading (and losing) other people's money, than there is in trading for real.

Use this idea as a default: If it seems too good to be true, it most likely is.
Are people making 500, even 100% weekly? Maybe...but I guarantee you they don't do it for long, nor with an account of any meaningful size. Your experience, and the experience of others in this thread should confirm it.
You guys can explain it away as you wish; bad luck, not following the trend...this and that...but what is really happening is you are over risking.

Real trading is not this glamorous. It's hard work, screen time and hard fought consistent wins. Shortcuts only lead to dead ends here.
Wealth comes from what you keep, not what you earn
  • #239
  • Jul 23, 2015 10:44pm Jul 23, 2015 10:44pm
"bad luck, not following the trend...this and that...but what is really happening is you are over risking"

Ya its for sure, "Over risking" If I place low lots then i wont loss 28% & also wont win 10% ROE in one day either. Honestly speaking I am too lazy to get 0.1% ROE from a single trade thats why use high lots & eventually got blown it

anyway... I read all of these you guys said & seems like what is actually happening its much more complicated than what I am thinking as well as you thinking

I guess, We both WRONG!

There is a way to ensure this: Who is right & Who is wrong?

AETOS trading tournaments going on every week & there i found same result like NordFX that winner achieve high insane ROE per week... when in NordFX I didnt got the chance to verify it but here in AETOS I have

How?

Simple... they have 2 option in tournament, 1. follower & 2. leader

Anyone can be a follower & follow high return/high performer leader & every trade will be copy in your account

So, what I gonna do...

1st - I will try to copy their trade & will see How they actually trading... where it is actually profitable
2nd - I will try to copy those trades in my "Exness demo account" lets see if it work

3rd - If that work? Then you both wrong

4th - If it doenst work then I am wrong

From next week Monday I will participate on 2nd week tournament

Lets reveal the mystery
It is the dust where you came from & it is the dust where you shall return
  • #240
  • Jul 23, 2015 11:22pm Jul 23, 2015 11:22pm
You clearly haven't understood a word we've said.
Contests are Meaningless! Quick large gains that can't be maintained.

But, I don't care. Keep trying keep losing.

You want to reveal the mystery... Show me your account in 6 months. I guess you'll have blown a few by then.

Good luck.
You'll need it.
Wealth comes from what you keep, not what you earn
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