This thread has long since past the point of being on topic and turned into a situation of pointless posturing and useless rhetoric... 😲
The original post for this thread said the following.
I am wondering how many of you think they can turn $200 into $400 in six weeks? How would go about doing that?
Turning $200.00 into $400.00 in six weeks is not that hard providing you are able to follow some basic rules of trading, and use a winning strategy.
Yesterday (April 16th, 2014) I created a new account to use for an example in this thread.
Here is the page for it.https://www.myfxbook.com/members/CodeMonkey/codemonkey/895003
And yes, I know the original topic said $200.00 into $400.00, however, when I created the demo account I did so with $250.00.
Therefore I will turn $250.00 into $500.00.
The currency pairs being traded are the 7 Majors only.
EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, USDCHF, USDJPY
The account is going to be traded 4 trading days per week.
Monday, Tuesday, Wednesday, Thursday.
The strategy being used for this example is a basic trend following method.
If the market is moving up, we're going to buy.
If the market is moving down, we're going to sell.
Here are the basic stats for the account at this moment.
Abs. Gain: +7.65%
Highest: (Apr 17) $270.72
As we're about to move into the Friday trading day,so I won't be opening any new trades tomorrow.
Trading on the account will resume on the Monday trading day.
Have a very nice weekend.