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$200-100k challenge

Professional4X
Jun 11 2019 at 23:10
1189 posts
ForexScreamer posted:
I agree with everything you're saying. But the challenge is $200 into $100,000. If it had to be done in a year then I wouldn't even consider it; you'd have to trade way too hot. In the beginning I'd have to trade very conservatively. This wouldn't be my only trading account, I have others. This would be an experiment.


Go for it if you think you can.

But just remember that you should never trade with money you care anything about.
Once you make the deposit, you have to consider the money lost already.
If you can detach from the actual money on an emotional level, you'll have a better chance than most.

Send me link if you set up a stats page for it, it would be interesting to see how it turns out for you.

Good luck
 

If it looks too good to be true, it's probably a scam! Let the buyer beware.
vontogr (togr)
Jun 12 2019 at 06:12
4862 posts
ForexScreamer posted:
togr posted:
Guys,

you need to distinguish what is your imagination and what is the reality,
there are no Xman and no Superman in real life,
neither there are traders who make $200 into $100,000.
Talking about that is like when small child sitting in the chair pretends to control the spaceship :)


I see what you're saying but I don't agree 100%. It's definitely possible to turn $200 into $100,000 as long as there is no time limit specified. It's not going to happen in a year, in 2 years, probably not in 5 years. It would take time and patience, but it's do-able.


It took me half year to turn 200 to 300
I do not suppose after all these years needed there is a trader with enough discipline and luck

Matt (BluePanther)
Jun 12 2019 at 06:15
1354 posts
togr posted:
Guys,

you need to distinguish what is your imagination and what is the reality,
there are no Xman and no Superman in real life,
neither there are traders who make $200 into $100,000.
Talking about that is like when small child sitting in the chair pretends to control the spaceship :)


Whether you think you can, or you think you can't, you are right. - Henry Ford

Matt (BluePanther)
Jun 12 2019 at 06:16
1354 posts
ForexScreamer posted:
I see what you're saying but I don't agree 100%. It's definitely possible to turn $200 into $100,000 as long as there is no time limit specified. It's not going to happen in a year, in 2 years, probably not in 5 years. It would take time and patience, but it's do-able.


Agreed.
Greed too.

Matt (BluePanther)
Jun 12 2019 at 06:20
1354 posts
ForexScreamer posted:
I'm temped to try this but I want to use a Demo account, or wouldn't that be appropriate?


Demo account is not the same as Real account.
There are systems that work in Demo but won't work as well in Real. Pip scalpers are a good example.

Propiphunter
Jun 12 2019 at 06:27
7 posts
As a little motivation: with 200$ you can set a max of 1lot (500:1 leverage), if you set lets say 0,5lot it would take you 20pips (0,5*20*10=100$) to get 50% gain. That means, if you have a good run with daily 20pips (very doable) you can turn 200$ into 100k in a bit more than 3 weeks (16 trading days). So.. A run of 16 trades (20pips each) in a row is enough :)

If you never try, you never know.
Nasrul Md Noor (Nasrul_Swing)
Jun 12 2019 at 08:29
137 posts
I'm trying hard now. Maybe luck is still with me 😂

Jaga Modal & Kekal Profit Selalu.
vontogr (togr)
Jun 12 2019 at 10:38
4862 posts
Propiphunter posted:
As a little motivation: with 200$ you can set a max of 1lot (500:1 leverage), if you set lets say 0,5lot it would take you 20pips (0,5*20*10=100$) to get 50% gain. That means, if you have a good run with daily 20pips (very doable) you can turn 200$ into 100k in a bit more than 3 weeks (16 trading days). So.. A run of 16 trades (20pips each) in a row is enough :)


Nope, you cant trade 1 lot with 200 deposit.
1 lot is 100,000 units
To buy 100,000 EUR you would need 112,000 USD.
With leverage of 500 this translates to 224 USD. That is just to cover margin, not taking into account the spreads and comissions and market move. If market move 10.0 pips on one lot it does mean $100. Markets move even 100 pips a day so that's $1000.

Propiphunter
Jun 12 2019 at 10:57
7 posts
togr posted:
Propiphunter posted:
As a little motivation: with 200$ you can set a max of 1lot (500:1 leverage), if you set lets say 0,5lot it would take you 20pips (0,5*20*10=100$) to get 50% gain. That means, if you have a good run with daily 20pips (very doable) you can turn 200$ into 100k in a bit more than 3 weeks (16 trading days). So.. A run of 16 trades (20pips each) in a row is enough :)


Nope, you cant trade 1 lot with 200 deposit.
1 lot is 100,000 units
To buy 100,000 EUR you would need 112,000 USD.
With leverage of 500 this translates to 224 USD. That is just to cover margin, not taking into account the spreads and comissions and market move. If market move 10.0 pips on one lot it does mean $100. Markets move even 100 pips a day so that's $1000.


Oh man sry, your right, you need 200€ not 200$ :) however.. 0,5lots is doable on $ too.. And no - this is ofc not an advice to do it, i just want to open your eyes that it's possible.
The typical spread on EurUsd with the cheapest brokers in the industry is at 0,1pips, the commission for 1lot at around 5€, so converted to pips some 0,6-0,7pips per lot - you can nearly forget that..
If markets move 100pips a day - be sure you catch that move ;)

If you never try, you never know.
Pentz Consulting
ForexScreamer
Jun 12 2019 at 14:37
49 posts
togr posted:
ForexScreamer posted:
togr posted:
Guys,

you need to distinguish what is your imagination and what is the reality,
there are no Xman and no Superman in real life,
neither there are traders who make $200 into $100,000.
Talking about that is like when small child sitting in the chair pretends to control the spaceship :)


I see what you're saying but I don't agree 100%. It's definitely possible to turn $200 into $100,000 as long as there is no time limit specified. It's not going to happen in a year, in 2 years, probably not in 5 years. It would take time and patience, but it's do-able.


It took me half year to turn 200 to 300
I do not suppose after all these years needed there is a trader with enough discipline and luck


It will definitely take some luck, especially in the beginning, to avoid market conditions what will cause a margin call.

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