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$200 to $1,000,00?0

AYODELE VICTOR ABAYOMI (FTA01)
Oct 04 2010 at 01:46
4 posts
Its so exciting to see that traders attempt trading $200 to $1m.. but has anyone ever suceeded? I'll like to see a $200 acount turn to $1m...my mama told me ''rather than complain something is not done, or look for someone else to do what you can do, get it done [yourself].

So since i trade forex, wy not I give it a try...nothing much to loose really [just $200] but s whole lot of goodies to gain..hmm...this seems like a good R:R.....lol

So let's do it..Acoount balance is $209 with 2 -ve trades still on....
Akhahowa Osakpolor (osasyankee)
Oct 07 2010 at 14:34
22 posts
So, 3 days gone, approaching 100geez yet?
NEEDaPIP
Jan 14 2011 at 20:22
7 posts
I assume AYODELE VICTOR ABAYOMI is well on his way to becoming a millionaire? :D
luckylucke
Jan 27 2011 at 12:42
1 posts

NEEDaPIP posted:
    I assume AYODELE VICTOR ABAYOMI is well on his way to becoming a millionaire? :D
😁
Joe (peptraderfx)
Jan 27 2011 at 17:51
87 posts
Steady Growth builders are on their way to becoming millionaires! I suggest you glance at fxcm's top #1 trader @ forexgundownyen. Steady Growth!
The Turtle always wins the race!
Drew (Venice)
Jan 30 2011 at 15:00
8 posts
I will achieve this one day, with my initial starting account balance at 300$.

Money management is the key though, one of which is absolutely crucial, and I have yet to engrain into my brain, despite the markets many attempts at teaching me it.
PiP_Rider
Jan 31 2011 at 04:29
7 posts
Compounding and proper money management will absolutely take you from a small account to a million dollar account. The numbers don’t lie! More importantly, Money Management is the easiest part of trading because unlike the market YOU have total control of it.

Taking an account from $1,000 to $1,000,000 is not difficult because of of Money Management. It’s difficult because of the disciple it takes to learn and develop a sound strategy, execute it flawlessly, and make consistent gains, (I.e more PiPs gained than lost over time). That can take years and thousands of hours of screen time to accomplish. Most people run out of money, time and patience LONG before they accomplish consistent enough gains to grow an account from $1,000 to $1,000,000, Money Management is the least of their problems.
Joe (peptraderfx)
Jan 31 2011 at 04:52
87 posts
No man is infallible of making mistakes, but learning from them is one of man's greatest virtues. “If you know you made a mistake and don't correct it, then you have really made a mistake.” Human beings, who are almost unique in having the ability to learn from the experience of others, are also remarkable for their apparent disinclination to do so. ~Douglas Adams, Last Chance to See


We should be careful to get out of an experience only the wisdom that is in it - and stop there; lest we be like the cat that sits down on a hot stove-lid. She will never sit down on a hot stove-lid again - and that is well; but also she will never sit down on a cold one anymore. ~Mark Twain, Pudd'nhead Wilson's New Calendar, Following the Equator, 1897


The trouble with using experience as a guide is that the final exam often comes first and then the lesson.
Pride destroys the potential of accepting to learn off others!
Just Glance at forexgundownyen's fxcm's top #1 trader. might give you ideas, and or you might show some.
It's all good, thanks to the Grace of God!
The Turtle always wins the race!
uda (uda7805)
Apr 05 2011 at 14:25
103 posts
$200 to $1,000,000 might takes 3 years or forever. sometimes you can get 40% a month, the next month (tsunami), earn minus.
discipline and to know the character of EA is very important. I learned a lot and lost a lot too. Impossible not to lost in this game. But make sure we learn something from the loses and not to repeat same mistake...

-my 2 cents-
 
Hantam la labuuu. Harap rezeki kat FX nih...
Benanke Investment
Benanke
Apr 06 2011 at 13:15
51 posts
I can do it in 1yr. Check my prove!
AYODELE VICTOR ABAYOMI (FTA01)
Apr 07 2011 at 11:44
4 posts
Benanke posted:
    I can do it in 1yr. Check my prove!

why are you not yet the world's richest then? or have you just discovered how to turn $200 to $1, 000,00?0 in 1 year?
halionfx
Apr 07 2011 at 17:45
36 posts
wow another get rich quick sheme.
where should i send my money?!

you should consider investing here:
www.megamillions.com ... i think the return is -70%...
SIM
pip2cash
Apr 08 2011 at 11:36
423 posts

Benanke posted:
    I can do it in 1yr. Check my prove!

Hi,

Where is the prove? Please share here.

Regards,
SIM
zzzero
Apr 09 2011 at 22:12
1367 posts

pip2cash posted:
    
Benanke posted:
    I can do it in 1yr. Check my prove!

Hi,

Where is the prove? Please share here.

Regards,
SIM


the prove is that if benanke were truly capable of pulling off such a thing, he would be busy doing that thing and he would be doing a bit less running of his mouth.

i mean, srsly, a four day track record?

z/.

Psymon (psymon)
Apr 13 2011 at 10:44
61 posts
i like these threads because you should be able to set yourself absurd targets and go for it. I have a side account in which i have been trying for years to turn $25 into $50,000 in only 12 trades.

This isnt about trading for long term financial gain, its just for a little fun.

Plus its got to be possible i've just not managed to get past the 4th trade yet!

if anyone feels like having a crack my rules are as follows:

1, starting balance of 25$us
2, no more / no less trades than exactly 12 (the idea is to double the balance with every trade)
3, no more / no less than 12 days from first trade to last.

Have a bit of fun, its $25 and you might surprise your self!

Psymon
its all down hill from here!
NEEDaPIP
Apr 13 2011 at 19:39
7 posts
I have an absurd target, how about $1,000,000 to $1000 in 5 min, I bet you cant do it :P
MOHAMED BASIONEE . (mohamedbasionee)
Apr 13 2011 at 23:09
4 posts
لادارة الحسابات باعلى احترافية لعملائنا من مصر والسعودية والوطن العربى فقط

تابع نتائجنا فهى الدليل فقط..
Splexin
Apr 16 2011 at 03:43
202 posts
Quite frankly, $200 is under-capitalization. I haven't quite calculated the 'sweet spot minimum' yet, but so far my estimates point to $10,000. With $10,000 you can make minimum $2,000 a month profit without much risk. Starting with $5000 is OK but $1000 or less is difficult to manage properly and GROW QUICKLY. And if you start with $100,000...well, you can become a millionaire in roughly 3 months without breaking a sweat, as long as you trade smart. It's all exponential. I turned $50,000 into over $14 million in very short time.

P.S. There is an Asian trader who turned $1600 into over $100 million....but it took him 8 years!
Diamond
Apr 16 2011 at 21:18
27 posts
Splexin posted:
    Quite frankly, $200 is under-capitalization. I haven't quite calculated the 'sweet spot minimum' yet, but so far my estimates point to $10,000. With $10,000 you can make minimum $2,000 a month profit without much risk. Starting with $5000 is OK but $1000 or less is difficult to manage properly and GROW QUICKLY. And if you start with $100,000...well, you can become a millionaire in roughly 3 months without breaking a sweat, as long as you trade smart. It's all exponential. I turned $50,000 into over $14 million in very short time.

P.S. There is an Asian trader who turned $1600 into over $100 million....but it took him 8 years!

The minimum to trade with is $10,000 US Dollars. You should not try for anymore than 10% profit a month. The best starting amount is $50,000 US Dollars. I once traded a $5,000,000 US Dollars account during 2007 and I did 1804 FX trades in exactly 56 days and had an increase in net asset value of over 50%. I did 1804 FX trades with just 4 losses when I used the PFG Best platform FX Solutions set up by Casey Chandler for me.

Demo Statement

Monday, September 10, 2007 11:59 AM

From: 'Casey Chandler' <[email protected]>

To: ''[email protected]'' <[email protected]>

Message contains attachments1 File (169KB)5mDemo2.pdfBruce,

 

Attached is the statement for the $5M demo that began trading on July 17, 2007.

As you can see 1804 trades were placed: 1800 winners vs. 4 losers.

The account balance is up over 50% in about 2 months.

 

Casey M. Chandler

Senior Trader

Peregrine Financial Group, Inc.

800-382-7397

312-775-3015

312-857-2524 Fax

[email protected]

www.peregrinefinancial.com

 

 

Past performance is not indicative of future results. Trading futures and options is not suitable for everyone. There is a substantial risk of loss in trading futures and options.

 

Drew (Venice)
Apr 16 2011 at 21:21
8 posts
That's the beauty of micro lots, and you are right. It's all exponential. But, with, say a starting balance of 300$, it can easily be grown it just takes time.

If you make those pips when it's a small amount, and make those pips when it's a large amount, it's all relative.

As long as you are not over leveraging, and have an edge, anything is possible.

For say, a 300$ balance, a risky trade with that small of a balance would be .05 lots. Even still, you can expect to have tighter stops with that.
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