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$40 to $1000 Challenge

ufotech (ufotech)
Jan 22 2020 at 09:30
35 posts
If you're going to participate then you need to post up a LIVE account showing a $40.00 starting account balance.
 
Post your myfxbook fully validated account stats page here.


If you want to be profitable, make profitable trades.
ufotech (ufotech)
Jan 22 2020 at 09:44
35 posts
MrBobr posted:
ufotech posted:


Please post your MyFXBook stats page link to the Live account you are using for the $40 to $1000 challenge.

  Here is the monitoring of my first attempt to disperse the score. On the first attempt, it was possible to increase the account from $ 1-$ 20 for 4 months. But then he played too much and merged. Psychology got in the way. On the second attempt, it was possible to increase the score by 28 times in 4 months. But just played too and merged. I did not monitor this account. There is a report on my trade.



Just telling us about it doesn't count.

Create a fully verified and validated MyFXStats page for a live trading account that shows a starting balance deposit of $40.00 USD

It only takes a few minutes to set up a stats page and properly validate it.

If you want to be profitable, make profitable trades.
FxMarketMaestro (FxMarketMaestro)
Jan 22 2020 at 10:44
4 posts
I do rather go climb mountain Everest than take the challenge, not worth it in fx.

Merrill
Jan 22 2020 at 12:34
10 posts
$40 to $1000 is harder than $4000 to $400,000 . If you have a $40 account you will have to use 0.01Lot at most and even that will be a lot for such a small account. I do not think that you can have good risk management on a $40 account

ufotech (ufotech)
Jan 22 2020 at 12:42
35 posts
Merrill posted:
$40 to $1000 is harder than $4000 to $400,000 . If you have a $40 account you will have to use 0.01Lot at most and even that will be a lot for such a small account. I do not think that you can have good risk management on a $40 account


You're wrong. Account size doesn't determine if you can have good risk management.

Risk management will determine the size of your trade and the maximum level of margin exposure at any one time.

Risk management should be the priority to protect the account at all times.

As long as your leverage is appropriate for your account size, and you don't over leverage yourself with such a small account, then yes it is possible.

Trade properly and allow the account to build up slowly over time.

If you want to be profitable, make profitable trades.
Dario Conti (cdtrader82)
Jan 22 2020 at 18:34
2 posts
in the forum forex.es 3 years ago (now closed so we continued in x-trader.net) we started a challenge $50-$1000, no one won yet, but on made $5-$100

https://www.forex.es/gran-carrera-t10464.html

my current account where I try to make $50-$1000 is the following:
https://www.myfxbook.com/members/cdtrader82/cdtrader-la-gran-carrera/3253047

I tried many times no succes yet, now I'm taking the slow way

no me levante de la cama hoy para ser mediocre
Pakherol (PipEmpire)
Jan 23 2020 at 03:07
3 posts
Its all about MM and how much you want to gain in a day. Just sit back and enjoy the ride.

KISS - Keep it Simple STUPID
FxMarketMaestro (FxMarketMaestro)
Jan 27 2020 at 05:12
4 posts
And how is the stress going for those who decided to join and stress their brains.

ufotech (ufotech)
Jan 27 2020 at 22:34
35 posts
PipEmpire posted:
Its all about MM and how much you want to gain in a day. Just sit back and enjoy the ride.


WRONG. How much you want to gain a day is irrelevant.

It's about risk management.


If you want to be profitable, make profitable trades.
Marketmultitool
Jan 28 2020 at 13:53
69 posts
FxMarketMaestro posted:
And how is the stress going for those who decided to join and stress their brains.


Why would anyone do such a challenge ,100 -1000 or 1000-10,000 maybe but 10,000 starting account is nice starting point.

Strength and honor.
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