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Is what's happening in the contest even remotely possible?
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Členom od Mar 20, 2011 13 príspevkov
OnTheEdge
Feb 25 2012 at 11:48
I agree, 3000% month after month is not sustainable, I thought I pointed that out?
Let's be honest about the 1000 percent gain month after month scenario, if there was someone who could do that, they would have their own broker and would not be using any retail platform available.  Bill Lipschutz, although he would not provide any numbers, according to the author; 'it has been estimated that his trading alone accounted for an excess of one-half billion dollars in profits for Salomon Brothers over his eight-year stay with the firm.' 'Lipschutz was significantly profitable in his very first year of trading these markets and extraordinarily profitable over the next seven years.' Lipshutz, trades his own money today. I thought I'd point out that Bill Lipshutz trades only currencies. I total agree that traders get caught up in how much money they lost in the trade even when it's profitable....If I had just bought 4 lots instead of 2 I would have twice as much...I am guilty of this as well. Consistency comes from doing exactly the same thing over and over, regardless if we got some that morning, our dog died, the roof fell in, or if we have lost 5 trades in a row...and for all those reasons it's why 3000% gains month after month are not sustainable. |
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Členom od Oct 06, 2010 2 príspevkov
tehvoid
Feb 27 2012 at 22:23
(upravené Feb 27 2012 at 22:24 )
A lot of you guys are missing the point of the original question. I wasn't really shooting for, 'What's the probability of guessing the right trades to pull in > 3000% in 3 weeks'.
I was more curious about the after effects of actually doing that. So now you're 50K account is worth almost a Million, would the average forex broker not allow you to withdraw that? Maybe they'd just 'mysteriously go offline, with your money' Or, would you even be able to close on the trades to make you that 1 million in the first place. Splexin seemed to get the closest with: Splexin posted: ... If you start trading 10-20 lots at ANY broker you will encounter major slippage and off-quotes that will make it extremely difficult to repeat what people have been doing on demo. I have heard from individuals at firms that trading 50 lots can even take several minutes to fill or close. ... I find that interesting and something you don't really hear much talked about. So I'm not really shootin for what makes a good trader, I'm more interested in how well these FX brokers are run, and how much corruption actually goes on. |
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Členom od Dec 16, 2011 129 príspevkov
http://yourforexadviser.com (DrVodka)
Feb 27 2012 at 23:11
noncense . 1000-2000 % is very posible but its not sustaineble for a long piriod of time.. as some one said before one guy made 12milllons from 1800 $ and good broker is not a problem ither i think its pleanty of good trusted brokers around ...
all u need is good size deposit ( 50 k ) ... http://yourforexadviser.com |
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Členom od Oct 18, 2011 39 príspevkov
tyler (tylerbose)
Mar 01 2012 at 19:38
in theory everything is possible in forex , i'v seen EAs turning 10k into 1mil in one day , but in reality 3000% in one month is impossible you would have to take very high risk and in the long run you will lose everything , 100% a month can be done (if you're a very good trader )
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Členom od Oct 18, 2011 39 príspevkov
tyler (tylerbose)
Mar 01 2012 at 19:40
DrVodka posted: noncense . 1000-2000 % is very posible but its not sustaineble for a long piriod of time.. as some one said before one guy made 12milllons from 1800 $ and good broker is not a problem ither i think its pleanty of good trusted brokers around ... all u need is good size deposit ( 50 k ) ... who's that guy you're talkin' about ? 
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Členom od Apr 11, 2011 202 príspevkov
Splexin (Splexin)
Mar 01 2012 at 19:48
tylerbose posted: DrVodka posted: noncense . 1000-2000 % is very posible but its not sustaineble for a long piriod of time.. as some one said before one guy made 12milllons from 1800 $ and good broker is not a problem ither i think its pleanty of good trusted brokers around ... all u need is good size deposit ( 50 k ) ... who's that guy you're talkin' about ? This guy in Asia, you should see the trading room in his apartment, monitors cover the wall....... I don't remember his name but it took EIGHT YEARS to trade into the millions...... Everything should be as simple as it can be, but not simpler. |
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Členom od Oct 18, 2011 39 príspevkov
tyler (tylerbose)
Mar 01 2012 at 20:01
Splexin posted: tylerbose posted: DrVodka posted: noncense . 1000-2000 % is very posible but its not sustaineble for a long piriod of time.. as some one said before one guy made 12milllons from 1800 $ and good broker is not a problem ither i think its pleanty of good trusted brokers around ... all u need is good size deposit ( 50 k ) ... who's that guy you're talkin' about ? This guy in Asia, you should see the trading room in his apartment, monitors cover the wall....... I don't remember his name but it took EIGHT YEARS to trade into the millions...... 1 mil in 8 years =/= 3000% a month , you can't compare a guy who made 30 times his deposit in 20 days to a guy who actually worked his ass off for 8 years ! |
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Členom od Apr 11, 2011 202 príspevkov
Splexin (Splexin)
Mar 01 2012 at 20:39
(upravené Mar 01 2012 at 20:39 )
tylerbose posted: 1 mil in 8 years =/= 3000% a month , you can't compare a guy who made 30 times his deposit in 20 days to a guy who actually worked his ass off for 8 years ! You're preaching to the choir on that one, bro 
Everything should be as simple as it can be, but not simpler. |
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Členom od Oct 18, 2011 39 príspevkov
tyler (tylerbose)
Mar 01 2012 at 20:45
Splexin posted: tylerbose posted: 1 mil in 8 years =/= 3000% a month , you can't compare a guy who made 30 times his deposit in 20 days to a guy who actually worked his ass off for 8 years ! You're preaching to the choir on that one, bro to resume my opinion , 3000% in 20 days is not trading it's gambling  , in my opinion the best of the best trader doesn't make more than 100% a month 
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Členom od May 01, 2011 56 príspevkov
sim3j
Mar 01 2012 at 21:27
Even 150-200% a month is very possible with good knowledge and a good pair
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