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From $1 to 10 million

ArdiFX
forex_trader_[136673]
Dec 18 2013 at 17:33
posts 852
@togr

Why, you like people that use every space they find as a billboard.
Forexboys.com
forexboysdotcom
Dec 18 2013 at 22:13
posts 23
still this topic exist? i guess people are interested more on things that is not practically possible...
Professor53
Dec 18 2013 at 22:30
posts 795
A $100 to $1000 might be a fun challenge on demo. But start up size is still to small for my EA.
Click on my Name to see My Live Charts and Bio.
Rustan mallari (tankbeta)
Dec 19 2013 at 05:38
posts 171
nothing is impossible

if some traders can make 1$ to $100 then 100$ to 1000$
https://www.myfxbook.com/members/tankbeta/jarvis-exness/588255
Plan your trades and trade your plans.
Rihan
Rihan
Dec 19 2013 at 07:13
posts 30
Impressive Rustan.

I am not going to take part in this thread anymore - there are way too many people out there that are convinced it is quite possible, but then haven't done it.

Surely if you made a lot of cash (enough to live a very comfortable life ) you are not going to take part in forums and try to prove to others that it is quite possible, and you have done it. I would travel the world and enjoy myself - definitely not take part in forum discussions. Maybe I have got it all wrong, maybe if you 'have made it' you need to prove to the world that it is possible. I would be too busy living the dream life to snoop around in forums - but maybe that's just me.

Let this thread run rife with people proving it is possible so more and more newcomers to fx can invest and buy all sorts of money-promising things.

Rustan mallari (tankbeta)
Dec 19 2013 at 07:42
posts 171
using high frequency trading is possible

thanks rhian
Plan your trades and trade your plans.
ArdiFX
forex_trader_[136673]
Dec 19 2013 at 08:16
posts 852
Sure it can be done: on demo unverified account.

Some people can't help it but to brag.
ArdiFX
forex_trader_[136673]
Dec 19 2013 at 08:33
posts 852
Your account is not HFT but is arbitrage. High Frequency Trading need servers to run near liquidity providers, you are lucky if you find rent space for 50,000$ a months and I'm not talking about other costs. There is no way you can afford that cost on your demo account.

The strategy that you are promoting is arbitrage. It uses two different brokers, one faster broker as a price feed and one slower broker to trade. That strategy does not work on real account, and you know that. It's not even worth electricity to let the computer run.

Sorry pal.
Rustan mallari (tankbeta)
Dec 19 2013 at 09:08
posts 171
Thanks sir for giving the time to explain :)
At least theyll know its possible to make 1$ to 1$m

Arb sometimes work with some brokers. Just get ur money as soons as u profit before they catch u :)
Plan your trades and trade your plans.
Matt (BluePanther)
Dec 20 2013 at 13:53
posts 1358
$1 to $10 million is possible (nothing is impossible), though the correct question is 'how long will it take?'. You would need to have a pretty sound system to trade with (or a good EA). If your system was a HFT scalper that increased risk with growth then obviously you would get there quicker than a system that made trend /reversal trades that have to be open for weeks or months at a time.

People often limit their thoughts to their own experiences and fail to think 'outside the box': you can see this when folks are 'ecstatic' over 5% per month returns from forex (you can make a lot more than that if you have the right system).
ArdiFX
forex_trader_[136673]
Dec 20 2013 at 17:42
posts 852
You are the guy with 17 blown account, you should know.

It's good to think 'outside the box' but not that outside.
Rihan
Rihan
Dec 20 2013 at 19:46
posts 30
Matt (BluePanther)
Dec 20 2013 at 21:46
posts 1358
ahuruglica posted:
You are the guy with 17 blown account, you should know.

It's good to think 'outside the box' but not that outside.

You don't make sense. People look at others' blown accounts and their own failed attempts and that is what limits their beliefs (they continue to think 'within the box').

I continue to 'think outside the box' despite my failures. One thing I learned is I should have used demo accounts rather than real money, but at the end of the day I will make it all back anyway. I am not afraid to show my results - it is often not easy to achieve success, especially in forex. Successful people in life face all challenges head-on and refuse to give up.

You may make me the butt of jokes, but I am not phased. I continue to remain focused on my task despite all adversities. I know 99% of people in forex will fail, but I am determined to be the 1% that succeeds (either that or I will die trying 😝).
ArdiFX
forex_trader_[136673]
Dec 20 2013 at 22:02
posts 852
In my country there is a saying of a father whose son was a gambler. He said 'I'm not concerned that my son lost money, I'm concerned that he want to make it all back' (he knows that he will loose more).

I did not want to make a joke that you did blow accounts, but that you don't have reasonable objectives.
Matt (BluePanther)
Dec 20 2013 at 22:11
posts 1358
ahuruglica posted:
In my country there is a saying of a father whose son was a gambler. He said 'I'm not concerned that my son lost money, I'm concerned that he want to make it all back' (he knows that he will loose more).

I did not want to make a joke that you did blow accounts, but that you don't have reasonable objectives.

Understood. But in your parable, the son was a gambler. Forex is not gambling, provided one uses correct risk management and follows a system correctly (manual trading).

I am not manual trading, so the only thing I have to concern myself with is correct risk management.

'reasonable objectives'? I have one thing to say to disbelievers: Ice Cube 😎

😉
ArdiFX
forex_trader_[136673]
Dec 20 2013 at 22:33
posts 852
I like willpower and courage. I wish you achieve your goals.
Matt (BluePanther)
Dec 20 2013 at 22:40
posts 1358
ahuruglica posted:
I like willpower and courage. I wish you achieve your goals.

Will power and courage are all good, but mean nothing without 'knowledge' and 'experience'. 😎

Mistakes are there to be learnt from. I solemnly tell you: had I been successful from the very first account, what would I have learnt? NOTHING! 😉
ArdiFX
forex_trader_[136673]
Dec 20 2013 at 22:58
posts 852
You are honest, I like that you are honest.


Every trader did blow his first account, but the point is to recoup losses slowly. Forex is not a get rich fast scheme.



I wish you achieve your goals.
Matt (BluePanther)
Dec 20 2013 at 23:44
posts 1358
ahuruglica posted:
You are honest, I like that you are honest.

Every trader did blow his first account, but the point is to recoup losses slowly. Forex is not a get rich fast scheme.

I wish you achieve your goals.

Thanks for your honest opinion too, Ardit.

'Forex is not a get rich fast scheme' - allow me to clarify with my opinion please:

1. You can get rich with forex FASTER than working for your money.

2. As quickly (or faster) as you can make it, you can lose it. Eg. if you become a millionaire overnight, you can just as quickly become a pauper in a day. 😎

So back to the topic of this thread: how fast are we talking about turning $1 into $10 million? Because in fifty years this is 'easily' achievable, yet in 24 hours this is nigh impossible (without taking MASSIVE risk)!
Matt (BluePanther)
Dec 21 2013 at 00:32
posts 1358
Rihan posted:
Maybe I have got it all wrong, maybe if you 'have made it' you need to prove to the world that it is possible. I would be too busy living the dream life to snoop around in forums - but maybe that's just me.

Let this thread run rife with people proving it is possible so more and more newcomers to fx can invest and buy all sorts of money-promising things.

...and maybe if you haven't 'made it' you need to prove to the world (and yourself) that you are right? Each to their own opinion, however the fact that it IS possible makes everyone try, yet only 1% succeed. 99% fail as they attempt once and give up, and then spread discouragement to others in order to try to prove they are right, and that forex is simply gambling or a scam.

You are obviously frustrated at your lack of success, however please don't discourage others by making lame joke threads. Everything happens for a reason. People fail because they need to learn something. Success is not meant to be easy. If it were, everyone would be doing it.

Remember, as JFK once said: “We choose to go to the moon in this decade and do the other things, not because they are easy, but because they are hard, because that goal will serve to organize and measure the best of our energies and skills, because that challenge is one that we are willing to accept, one we are unwilling to postpone, and one which we intend to win.”

...and...

“Whether you think you can, or you think you can't - you are right.” ― Henry Ford
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