Do you think you can turn $200 into $400 in six weeks?

titoardin posted:
MONEY MANAGEMENT is the most importante , i think.

bigbangea posted:
200 to 400 in 6 weeks means 100% in 6 weeks which means 10% a week compounding.

should be quite doable. yet it is risky.

CodeMonkey posted:
A couple of people mentioned to me that unless an account is Live instead of demo, the account won't be traded the same way.

I disagree with the idea that I would trade it any differently, as I manage my accounts using automated methods.

However, I went ahead and set up a small micro live account yesterday and have set it for public viewing.

Here is the link for it.
https://www.myfxbook.com/members/CodeMonkey/codemonkey/899727

The account is set to auto update, and is fully verified.

Valid argument until your order arrives server side. Demo accounts always get matched and you don't need a trade on the other side of your order so you will never be re-quoted or delayed in execution. Live accounts require a trade on the other side and can be delayed, re-quoted or rejected due to slippage. Particularly once you are trading full lots. You also don't have to worry about lot sizing as you compound on a demo but eventually will hit that wall on a live account. That one can be circumvented by splitting your account and trading two mirrored instances. Trading Demo and Live are very different.

pingvin posted:
In 6 weeks from 6.48 USD to 170 USD in 86 trades on live account. Would never trade like this with significant amount of money. I traded 200 to almost 2000 several times, but psychology on this level made me 'drunk' and account would collapse in 3 days. What I learned is if you know how to trade (with all components - including psychology) then you can start with the lunch money, if you don't know what you are doing you can start with 500.000 and end up at zero (I actually talked with someone that did it). Good luck to all, if I'll reach another significant milestone I'll rapport.

Master_Kiwa posted:

pingvin posted:
In 6 weeks from 6.48 USD to 170 USD in 86 trades on live account. Would never trade like this with significant amount of money. I traded 200 to almost 2000 several times, but psychology on this level made me 'drunk' and account would collapse in 3 days. What I learned is if you know how to trade (with all components - including psychology) then you can start with the lunch money, if you don't know what you are doing you can start with 500.000 and end up at zero (I actually talked with someone that did it). Good luck to all, if I'll reach another significant milestone I'll rapport.

 That's just it. If you did it with 'lunch money'.You should be able to do it with a bigger account. Your account balance should not influence your trading at all. As it won't be determining factor on what you see on your chart.

Silverthorn posted:
Everything King's Penguine said makes perfect sense. Simply that the % change reflects the % risk and also messes with your head. No serious trader would stick his ass that far out in the breeze to get it shot at!! ie: the account collapsed in 3 days. Great training experience and a lot of fun but not how you manage your income stream.

Is it 6 weeks yet?

mahimkw8 posted:
yes i make 30 percnt weekly no problem

Master_Kiwa posted:

Silverthorn posted:
Everything King's Penguine said makes perfect sense. Simply that the % change reflects the % risk and also messes with your head. No serious trader would stick his ass that far out in the breeze to get it shot at!! ie: the account collapsed in 3 days. Great training experience and a lot of fun but not how you manage your income stream.

Is it 6 weeks yet?

 You have no idea what you are talking about it. In no way does '% change' represent '% risk' You have many factors which contribute to % risk such as you have many factors which contribute to % change. Example, a person who earns 200% profit in a short amount of time doesn't necessarily have to have had risked much of his/her account. It could be that penguine may of been compounding on every trade which lead to a run up of his account, but that is just one way of many to earn high % profit while trading forex. It isn't fair to generalize high% profit with such a noobish form of trading.

mahimkw8 posted:
no this is wrong if you want to see i send my mql5