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is it possible to turn $100 to $1000 in 4 weeks ? (real account)
Jan 30, 2015 at 08:14
Any good pro trader, even a smart newbie knows that flying by the seat of your pants isn't sustainable. Results like these are ideal, but you have to count for draw-down, risk management and probabilities of your strategy. Home runs only happen a given amount of time for the average hitter,
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forex_trader_202879
會員從Aug 07, 2014開始
378帖子
Jan 30, 2015 at 08:15
alexforex007 posted:
Agree with Thershold, high leverage and you can make it, the problem is doing it over and over.
Why would it be a problem in doing it over and over again?
forex_trader_228112
會員從Jan 23, 2015開始
13帖子
Jan 30, 2015 at 08:21
Hhhhmmmmm........
會員從Feb 01, 2015開始
6帖子
Feb 02, 2015 at 07:47
First and most important is start demo first and triple your account 3 TIMES before you even start to trade for real. If you are using a demo account try to turn that $100 into $300 and repeat with a new account from $100 and do it again. The reason why I want you to do this is to develop discipline. There is no such thing as "Get rich quick" (unless you are damn lucky to win the lottery).
It is definitely possible to turn $100 into $400. But first thing first, you should think about money management and risk management before you even start.
Lots of traders use 2% risk but I use 1% risk.
2% of 100 is 2
1% of 100 is 1.
You definitely don't wanna lose anything below $2.
I suggest starting out with 1 or 2 microlots.
1 microlot = 10 cents per pip
2 microlot = 20 cents per pip
So if your risk is $2, then would take 20 pips to lose that risk in 1% risk or 10 pips to lose that risk in 2%.
The 2nd thing is your profit goal, you never want to have fear or greed.
Greed will turnaround your profits into losers, and fear will cause you to gain a small profit or a loss.
You wanna try to get a goal that is realistic. Such as "I wanna make 10 pips a day", unrealistic goals are "I wanna make 200 pips a day". Theses unrealistic goals are possible, only if you are really that experienced.
It is definitely possible to turn $100 into $400. But first thing first, you should think about money management and risk management before you even start.
Lots of traders use 2% risk but I use 1% risk.
2% of 100 is 2
1% of 100 is 1.
You definitely don't wanna lose anything below $2.
I suggest starting out with 1 or 2 microlots.
1 microlot = 10 cents per pip
2 microlot = 20 cents per pip
So if your risk is $2, then would take 20 pips to lose that risk in 1% risk or 10 pips to lose that risk in 2%.
The 2nd thing is your profit goal, you never want to have fear or greed.
Greed will turnaround your profits into losers, and fear will cause you to gain a small profit or a loss.
You wanna try to get a goal that is realistic. Such as "I wanna make 10 pips a day", unrealistic goals are "I wanna make 200 pips a day". Theses unrealistic goals are possible, only if you are really that experienced.
Don't lose your capital
Feb 02, 2015 at 08:39
(已編輯Feb 02, 2015 at 08:41)
FXandrew7 posted:
Any good pro trader, even a smart newbie knows that flying by the seat of your pants isn't sustainable. Results like these are ideal, but you have to count for draw-down, risk management and probabilities of your strategy. Home runs only happen a given amount of time for the average hitter,
what's the point to hide net profit if you didn't hide the lot sizes and pips??
you want to show off but want to hide your profits. and don't know how to hide.
i cant tell if your stupid or smart.
Feb 02, 2015 at 09:53
Some wisdom of @ArielleTolome :)
Risk:Reward factor is more important than any strategy. If you risk 1% to win 1% you are set to loose, if you however set 1% risk to win at least 3% (beter 4%). In that way ou only need 1 out of 4 risks to be right and you still be breaking even. If 50% of your trades went good you'll have a nice profit.
I risk 0.5 for my account to gain 3-4%. (I can loose 80% of the time and still be profitable).
discipline > luck
Risk:Reward factor is more important than any strategy. If you risk 1% to win 1% you are set to loose, if you however set 1% risk to win at least 3% (beter 4%). In that way ou only need 1 out of 4 risks to be right and you still be breaking even. If 50% of your trades went good you'll have a nice profit.
I risk 0.5 for my account to gain 3-4%. (I can loose 80% of the time and still be profitable).
discipline > luck
Feb 02, 2015 at 11:32
(已編輯Feb 02, 2015 at 11:35)
VincentD posted:
Some wisdom of @ArielleTolome :)
Risk:Reward factor is more important than any strategy. If you risk 1% to win 1% you are set to loose, if you however set 1% risk to win at least 3% (beter 4%). In that way ou only need 1 out of 4 risks to be right and you still be breaking even. If 50% of your trades went good you'll have a nice profit.
I risk 0.5 for my account to gain 3-4%. (I can loose 80% of the time and still be profitable).
discipline > luck
you forget about one thing
increase win% = increase losing trades
decrease risk% = also increase losing trades
i do agree it is important but the more differences between win% and risk% the more losing trade you will get.
in this case there is great chance to loose more than 80% and not profitable.
Feb 02, 2015 at 12:59
here is my 100 $ to 500 $ ( 400 % ) in one day DD was 33 % . 😁
http://www.myfxbook.com/members/DrVodka/mt4-1027730/1143844
U welcome.
http://www.myfxbook.com/members/DrVodka/mt4-1027730/1143844
U welcome.
forex_trader_202879
會員從Aug 07, 2014開始
378帖子
Feb 02, 2015 at 13:02
VincentD posted:
Some wisdom of @ArielleTolome :)
Risk:Reward factor is more important than any strategy. If you risk 1% to win 1% you are set to loose, if you however set 1% risk to win at least 3% (beter 4%). In that way ou only need 1 out of 4 risks to be right and you still be breaking even. If 50% of your trades went good you'll have a nice profit.
I risk 0.5 for my account to gain 3-4%. (I can loose 80% of the time and still be profitable).
discipline > luck
How is R:R factor much more important then any strategy? Your R:R is simply an expection of how many pips you are willing to give up before you close for profit. Your REAL R:R is what counts, and it almost always varies from what one expects.
Feb 02, 2015 at 13:14
Cholipop posted:VincentD posted:
Some wisdom of @ArielleTolome :)
Risk:Reward factor is more important than any strategy. If you risk 1% to win 1% you are set to loose, if you however set 1% risk to win at least 3% (beter 4%). In that way ou only need 1 out of 4 risks to be right and you still be breaking even. If 50% of your trades went good you'll have a nice profit.
I risk 0.5 for my account to gain 3-4%. (I can loose 80% of the time and still be profitable).
discipline > luck
How is R:R factor much more important then any strategy? Your R:R is simply an expection of how many pips you are willing to give up before you close for profit. Your REAL R:R is what counts, and it almost always varies from what one expects.
:/ your R:R is the risk you are willing to take for a specific MIN profit. I've had more than 10 strategies and they all worked with propper risk management. And your real R:R is completly independent of your discipline to not touch a trade :s either it hits SL or TP.
forex_trader_202879
會員從Aug 07, 2014開始
378帖子
Feb 02, 2015 at 14:48
VincentD posted:Cholipop posted:VincentD posted:
Some wisdom of @ArielleTolome :)
Risk:Reward factor is more important than any strategy. If you risk 1% to win 1% you are set to loose, if you however set 1% risk to win at least 3% (beter 4%). In that way ou only need 1 out of 4 risks to be right and you still be breaking even. If 50% of your trades went good you'll have a nice profit.
I risk 0.5 for my account to gain 3-4%. (I can loose 80% of the time and still be profitable).
discipline > luck
How is R:R factor much more important then any strategy? Your R:R is simply an expection of how many pips you are willing to give up before you close for profit. Your REAL R:R is what counts, and it almost always varies from what one expects.
:/ your R:R is the risk you are willing to take for a specific MIN profit. I've had more than 10 strategies and they all worked with propper risk management. And your real R:R is completly independent of your discipline to not touch a trade :s either it hits SL or TP.
How many times does what you expect to occur actually happen in this market? When you expect to make x amount of money because you are willing to risk x amount of money, you end up not BE or trail stopping because of your greed. Trades who don't adjust their trail stop end up turning big green positions to red positions....
Feb 02, 2015 at 14:58
Cholipop posted:VincentD posted:Cholipop posted:VincentD posted:
Some wisdom of @ArielleTolome :)
Risk:Reward factor is more important than any strategy. If you risk 1% to win 1% you are set to loose, if you however set 1% risk to win at least 3% (beter 4%). In that way ou only need 1 out of 4 risks to be right and you still be breaking even. If 50% of your trades went good you'll have a nice profit.
I risk 0.5 for my account to gain 3-4%. (I can loose 80% of the time and still be profitable).
discipline > luck
How is R:R factor much more important then any strategy? Your R:R is simply an expection of how many pips you are willing to give up before you close for profit. Your REAL R:R is what counts, and it almost always varies from what one expects.
:/ your R:R is the risk you are willing to take for a specific MIN profit. I've had more than 10 strategies and they all worked with propper risk management. And your real R:R is completly independent of your discipline to not touch a trade :s either it hits SL or TP.
How many times does what you expect to occur actually happen in this market? When you expect to make x amount of money because you are willing to risk x amount of money, you end up not BE or trail stopping because of your greed. Trades who don't adjust their trail stop end up turning big green positions to red positions....
I have a win ratio of 60-65% with R:R 1:4 (minimum). Anf I never use trailing stops. I'm a swing trader and I only check my charts 2 times a week. I either win or lose. In my forward testing I win more trades with trail stop, but my profit targets are never reached = i earn less with trail stops.
forex_trader_202879
會員從Aug 07, 2014開始
378帖子
Feb 02, 2015 at 15:37
VincentD posted:Cholipop posted:VincentD posted:Cholipop posted:VincentD posted:
Some wisdom of @ArielleTolome :)
Risk:Reward factor is more important than any strategy. If you risk 1% to win 1% you are set to loose, if you however set 1% risk to win at least 3% (beter 4%). In that way ou only need 1 out of 4 risks to be right and you still be breaking even. If 50% of your trades went good you'll have a nice profit.
I risk 0.5 for my account to gain 3-4%. (I can loose 80% of the time and still be profitable).
discipline > luck
How is R:R factor much more important then any strategy? Your R:R is simply an expection of how many pips you are willing to give up before you close for profit. Your REAL R:R is what counts, and it almost always varies from what one expects.
:/ your R:R is the risk you are willing to take for a specific MIN profit. I've had more than 10 strategies and they all worked with propper risk management. And your real R:R is completly independent of your discipline to not touch a trade :s either it hits SL or TP.
How many times does what you expect to occur actually happen in this market? When you expect to make x amount of money because you are willing to risk x amount of money, you end up not BE or trail stopping because of your greed. Trades who don't adjust their trail stop end up turning big green positions to red positions....
I have a win ratio of 60-65% with R:R 1:4 (minimum). Anf I never use trailing stops. I'm a swing trader and I only check my charts 2 times a week. I either win or lose. In my forward testing I win more trades with trail stop, but my profit targets are never reached = i earn less with trail stops.
I see. Well best of luck to you in your demo trading.
Feb 02, 2015 at 15:51
Cholipop posted:VincentD posted:Cholipop posted:VincentD posted:Cholipop posted:VincentD posted:
Some wisdom of @ArielleTolome :)
Risk:Reward factor is more important than any strategy. If you risk 1% to win 1% you are set to loose, if you however set 1% risk to win at least 3% (beter 4%). In that way ou only need 1 out of 4 risks to be right and you still be breaking even. If 50% of your trades went good you'll have a nice profit.
I risk 0.5 for my account to gain 3-4%. (I can loose 80% of the time and still be profitable).
discipline > luck
How is R:R factor much more important then any strategy? Your R:R is simply an expection of how many pips you are willing to give up before you close for profit. Your REAL R:R is what counts, and it almost always varies from what one expects.
:/ your R:R is the risk you are willing to take for a specific MIN profit. I've had more than 10 strategies and they all worked with propper risk management. And your real R:R is completly independent of your discipline to not touch a trade :s either it hits SL or TP.
How many times does what you expect to occur actually happen in this market? When you expect to make x amount of money because you are willing to risk x amount of money, you end up not BE or trail stopping because of your greed. Trades who don't adjust their trail stop end up turning big green positions to red positions....
I have a win ratio of 60-65% with R:R 1:4 (minimum). Anf I never use trailing stops. I'm a swing trader and I only check my charts 2 times a week. I either win or lose. In my forward testing I win more trades with trail stop, but my profit targets are never reached = i earn less with trail stops.
I see. Well best of luck to you in your demo trading.
which person would announce statements without trading live. It's not that when your whole system work, there aren't other methods. By your one pointed view (and replies) I can conclude you are just plain stupid
forex_trader_202879
會員從Aug 07, 2014開始
378帖子
Feb 02, 2015 at 15:57
VincentD posted:Cholipop posted:VincentD posted:Cholipop posted:VincentD posted:Cholipop posted:VincentD posted:
Some wisdom of @ArielleTolome :)
Risk:Reward factor is more important than any strategy. If you risk 1% to win 1% you are set to loose, if you however set 1% risk to win at least 3% (beter 4%). In that way ou only need 1 out of 4 risks to be right and you still be breaking even. If 50% of your trades went good you'll have a nice profit.
I risk 0.5 for my account to gain 3-4%. (I can loose 80% of the time and still be profitable).
discipline > luck
How is R:R factor much more important then any strategy? Your R:R is simply an expection of how many pips you are willing to give up before you close for profit. Your REAL R:R is what counts, and it almost always varies from what one expects.
:/ your R:R is the risk you are willing to take for a specific MIN profit. I've had more than 10 strategies and they all worked with propper risk management. And your real R:R is completly independent of your discipline to not touch a trade :s either it hits SL or TP.
How many times does what you expect to occur actually happen in this market? When you expect to make x amount of money because you are willing to risk x amount of money, you end up not BE or trail stopping because of your greed. Trades who don't adjust their trail stop end up turning big green positions to red positions....
I have a win ratio of 60-65% with R:R 1:4 (minimum). Anf I never use trailing stops. I'm a swing trader and I only check my charts 2 times a week. I either win or lose. In my forward testing I win more trades with trail stop, but my profit targets are never reached = i earn less with trail stops.
I see. Well best of luck to you in your demo trading.
which person would announce statements without trading live. It's not that when your whole system work, there aren't other methods. By your one pointed view (and replies) I can conclude you are just plain stupid
Link your account to prove your stats. Other wise keep your silly stats to yourself.
Feb 02, 2015 at 20:27
Cholipop posted:VincentD posted:Cholipop posted:VincentD posted:Cholipop posted:VincentD posted:Cholipop posted:VincentD posted:
Some wisdom of @ArielleTolome :)
Risk:Reward factor is more important than any strategy. If you risk 1% to win 1% you are set to loose, if you however set 1% risk to win at least 3% (beter 4%). In that way ou only need 1 out of 4 risks to be right and you still be breaking even. If 50% of your trades went good you'll have a nice profit.
I risk 0.5 for my account to gain 3-4%. (I can loose 80% of the time and still be profitable).
discipline > luck
How is R:R factor much more important then any strategy? Your R:R is simply an expection of how many pips you are willing to give up before you close for profit. Your REAL R:R is what counts, and it almost always varies from what one expects.
:/ your R:R is the risk you are willing to take for a specific MIN profit. I've had more than 10 strategies and they all worked with propper risk management. And your real R:R is completly independent of your discipline to not touch a trade :s either it hits SL or TP.
How many times does what you expect to occur actually happen in this market? When you expect to make x amount of money because you are willing to risk x amount of money, you end up not BE or trail stopping because of your greed. Trades who don't adjust their trail stop end up turning big green positions to red positions....
I have a win ratio of 60-65% with R:R 1:4 (minimum). Anf I never use trailing stops. I'm a swing trader and I only check my charts 2 times a week. I either win or lose. In my forward testing I win more trades with trail stop, but my profit targets are never reached = i earn less with trail stops.
I see. Well best of luck to you in your demo trading.
Retard, which idiot would announce statements without trading live. It's not that when your whole system work, there aren't other methods. By your one pointed view (and replies) I can conclude you are just plain stupid
Link your account to prove your stats. Other wise keep your silly stats to yourself.
I don't have the need to prove anything. Besides I don't even own a live account myself, I trade for my work and they don't appreciate when those things are set online. Btw where did I announce my silly stats? I tried to explain the basics of risk management. Those trades are called assymetric risks. Let's stop this childish game, somewhere our arguments turned into you being frustrated. Btw I never said you where wrong (people who do that are stupid and ignorrant).
Feb 03, 2015 at 16:19
fxlong posted:LOL
50$ possible
[url=http://www.myfxbook.com/members/fxlong/104810531042104510571058-10571086107410771090108510801082/468884][img]http://widgets.myfxbook.com/custom-widget?id=468884&width=400&height=250&bart=2&symbol=EURUSD&linet=6&bgColor=FFFFFF&gridColor=BDBDBD&lineColor=FF0505&barColor=FFADAD&bar1Color=FFADAD&fontColor=525252&title=EA%20from%2010/12&titles=12&chartbgc=FFFFFF[/img][/url]
Patient is Golden
Feb 03, 2015 at 17:19
of course it is possible turn XXX% in few weeks :
http://www.myfxbook.com/community/general/ultimate-tendancy/882656,2
http://www.myfxbook.com/community/general/ultimate-tendancy/882656,2
On entend l'arbre qui tombe mais pas la forêt qui pousse...
Feb 03, 2015 at 17:30
(已編輯Feb 03, 2015 at 17:31)
im half way there( 500 % ) in less the a week http://www.myfxbook.com/members/DrVodka/mt4-1027730/1143844
u welcome
u welcome
