Can you consistently make a profit of USD2000 on a USD5000 account?
forex_trader_144553
Mitglied seit Aug 16, 2013
3 Posts
Aug 29, 2013 at 06:56
sbresee posted:
That's o.k., pretty soon your money becomes my money, just the name of the game!
Exactly! Don't hate the players, hate the game. If you don't got the mind and skill, walk away, this ain't for you
Aug 30, 2013 at 07:15
while i agree with everyone that consistency is the name of the game but trying to make 40% a month will be very risky during big drawdown weeks. There's a reason why you see most consistent traders do not aim more than 20% a month, with most of them even aim just 10-15%.
Aug 30, 2013 at 11:24
Those who have traded consistently the same account for years, managing it like a retirement plan understand that higher percents mean higher probability of the account going away. You make big money, and you lose big money, most of the time losing it all! At 10% growth per month, a 10k account grows in 5 years to around 640k, in 5 more years it is an unbelievable 40 million. My personal account grows about 8% a month, and I am planning for the future, not a quick trip to the casino!
Only take what the market will let you have, and Never accept a loss!
Sep 02, 2013 at 17:22
sbresee posted:
Those who have traded consistently the same account for years, managing it like a retirement plan understand that higher percents mean higher probability of the account going away. You make big money, and you lose big money, most of the time losing it all! At 10% growth per month, a 10k account grows in 5 years to around 640k, in 5 more years it is an unbelievable 40 million. My personal account grows about 8% a month, and I am planning for the future, not a quick trip to the casino!
You won't make any money long-term with that martingale system you bought. It's not up for discussion either.
forex_trader_123413
Mitglied seit Apr 20, 2013
18 Posts
Sep 04, 2013 at 10:50
In business it can all be possible 😀😀😀
Sep 05, 2013 at 08:14
+++ I want 1000%- 35%/month.. WHERE ARE YOU..??
Mitglied seit Dec 11, 2012
105 Posts
Sep 13, 2013 at 15:40
Does not mean anything, please be monitored, and give me advice...
https://www.myfxbook.com/members/TrderKroco/smegol/613421
https://www.myfxbook.com/members/TrderKroco/smegol/613421
Life must continue to fight, and experience is the best teacher
forex_trader_110955
Mitglied seit Feb 06, 2013
61 Posts
Sep 14, 2013 at 19:52
Mitglied seit Jun 17, 2013
6 Posts
Oct 04, 2013 at 17:56
Oct 09, 2013 at 11:59
tabishmohmad posted:
Monitor my portfolio:
https://www.myfxbook.com/members/tabishmohmad/harmonicsystem/710852
Congrats ! You wrotte : The system is based on harmonic patternsuote... which I just drop away, after a year. Just as info and I start testing demo with the same 50k & date as you, but result is a bit different :) Take a look :
https://www.myfxbook.com/members/IztokV/demo-from-50-k/716839
Wish you a lote of pips.
Mitglied seit Jun 17, 2013
6 Posts
Oct 09, 2013 at 15:18
the result is different because you are trading gold and i dont trade commodities. I am confident if you apply my strategy on commodities, the result will be same as yours. Anyways, thanks for the post and best of luck....
Oct 09, 2013 at 15:27
tabishmohmad posted:
the result is different because you are trading gold and i dont trade commodities. I am confident if you apply my strategy on commodities, the result will be same as yours. Anyways, thanks for the post and best of luck....
Hmm I never think, that doing xau/usd should be more easy then other curremcy. Maybe you are right, while after decade
of all sort of financial instrument, I decide to do just currency and at last year or more just xau/usd. Why ?
There's no chance to follow all market all the time ( never met such an expert up to know) so my narrow choise make my life less complicated. True, sometimes i have to wait (low volativity) but there's so mny thing to do around the globe...
Reagards
Iztok
Mitglied seit Jun 17, 2013
6 Posts
Oct 10, 2013 at 06:03
I agree. I used to trade all sorts of pairs in the past, and that did not work out great. After developing this strategy, i am only focused on GBP and EUR pairs. I do trade others but very rarely nowadays and this has helped me so far, because i have limited myself to a few pairs which is helpful, you do not have to worry about what is going on with other pairs that much, because that is where correlation comes in anyways.
