pip2cash posted:

TheLastBear posted:
I am wondering how many of you think they can turn $200 into $400 in six weeks? How would go about doing that?


I think there are so many Forex traders can turn $200 to more than $400 in six weeks. You can see that in most of the contests here. Do you think this trader can sustained this performance for 6 months, 6 years or 60 years? This is point. Unless after 6 weeks this trader will not touch Forex market anymore. What other think?

Regards,
SIM

Hi
i am totally agree with you. the main thing is to have stable profit during every year. personally looking for 100% profit for 1 year, not for 6 week.

While I do believe that going for high Reward/Risk ratio can be very rewarding and if posted as a challenge turning $200 to $400 in a week is pretty easily done.... but that being said, you should always try to avoid gambling in the forex market on your own hard earned money .... therefore risking 2-5% maximum and gaining through it is so much better than losing 98% of your money at the end ..... That being said, I have gained almost 60% of my invested amount in 20 days time .... and I had 50% DD on one day which I didn't feel very happy about ..... The choice is always for you to make .... Analyze the market closely for near perfect execution or the risk will eat you ......

James_Bond posted:

I agree in most part. However, I wouldn't say it is easy to turn $200 to $400 without a proper trading system (unless of course you're simply betting the farm and trying to double it with a few trades, in that case it is pure luck).


Thanks James,

I also referred to the Challenge of turning 200 to 400 in a week as Gambling due to nature of Risk involved ..... but if you are an experienced every day trader, you are going to have much better odds at it ..... but if you are Experienced you probably won't take the risk other than as a challenge ...... :)

TheLastBear posted:
I am wondering how many of you think they can turn $200 into $400 in six weeks? How would go about doing that?


$200.00 is realtively small and its dependable on the value perceived on individual. If the individual have a net worth or wealth more than $100,000.00 what is $200.00 for him or her?? He can speculate easily with 1 or few trades to attain 200%.

However, for a student, or someone poor with low income such as as low as 1000 or lower, the value perceived is different to him, he would take longer time to trade on a sum of $200.00 unless hes really think like a rich guy and goes high leverage bet.

Trading is dependable, depends what u are looking for..

actually turned 150 into 500 in 3 weeks...