$40 to $1000 Challenge

If you're going to participate then you need to post up a LIVE account showing a $40.00 starting account balance.
 
Post your myfxbook fully validated account stats page here.

MrBobr posted:

ufotech posted:


Please post your MyFXBook stats page link to the Live account you are using for the $40 to $1000 challenge.

  Here is the monitoring of my first attempt to disperse the score. On the first attempt, it was possible to increase the account from $ 1-$ 20 for 4 months. But then he played too much and merged. Psychology got in the way. On the second attempt, it was possible to increase the score by 28 times in 4 months. But just played too and merged. I did not monitor this account. There is a report on my trade.

Just telling us about it doesn't count.

Create a fully verified and validated MyFXStats page for a live trading account that shows a starting balance deposit of $40.00 USD

It only takes a few minutes to set up a stats page and properly validate it.

I do rather go climb mountain Everest than take the challenge, not worth it in fx.

$40 to $1000 is harder than $4000 to $400,000 . If you have a $40 account you will have to use 0.01Lot at most and even that will be a lot for such a small account. I do not think that you can have good risk management on a $40 account

Merrill posted:
$40 to $1000 is harder than $4000 to $400,000 . If you have a $40 account you will have to use 0.01Lot at most and even that will be a lot for such a small account. I do not think that you can have good risk management on a $40 account

You're wrong. Account size doesn't determine if you can have good risk management.

Risk management will determine the size of your trade and the maximum level of margin exposure at any one time.

Risk management should be the priority to protect the account at all times.

As long as your leverage is appropriate for your account size, and you don't over leverage yourself with such a small account, then yes it is possible.

Trade properly and allow the account to build up slowly over time.

in the forum forex.es 3 years ago (now closed so we continued in x-trader.net) we started a challenge $50-$1000, no one won yet, but on made $5-$100

https://www.forex.es/gran-carrera-t10464.html

my current account where I try to make $50-$1000 is the following:
https://www.myfxbook.com/members/cdtrader82/cdtrader-la-gran-carrera/3253047

I tried many times no succes yet, now I'm taking the slow way

Its all about MM and how much you want to gain in a day. Just sit back and enjoy the ride.

And how is the stress going for those who decided to join and stress their brains.

PipEmpire posted:
Its all about MM and how much you want to gain in a day. Just sit back and enjoy the ride.

WRONG. How much you want to gain a day is irrelevant.

It's about risk management.

FxMarketMaestro posted:
And how is the stress going for those who decided to join and stress their brains.

Why would anyone do such a challenge ,100 -1000 or 1000-10,000 maybe but 10,000 starting account is nice starting point.

I have seen such bold statement so many times, like $10 tp $10,000,000
I had never seen such proclamation came true. It is waste of time, seriously.

$40 to $1,000 would take me 2 months, but no, thanks.

irungu94 posted:
$40 to $1,000 would take me 2 months, but no, thanks.

Ofcourse it would, LOL!!!

Would take me 2 hours :D

irungu94 posted:
$40 to $1,000 would take me 2 months, but no, thanks.

All talk. No proof.

irungu94 posted:
$40 to $1,000 would take me 2 months, but no, thanks.

Me take 3 secs

ufotech posted:

irungu94 posted:
$40 to $1,000 would take me 2 months, but no, thanks.

All talk. No proof.

Yeah

togr posted:

irungu94 posted:
$40 to $1,000 would take me 2 months, but no, thanks.

Me take 3 secs

me too

ufotech posted:
If you're going to participate then you need to post up a LIVE account showing a $40.00 starting account balance.
 
Post your myfxbook fully validated account stats page here.

Hi,

I'm new here.

I start a live account with 30$ last june when I managed to blow it in last then a month.

Then I started a new one and double it in 3 months.

Now in december I started a new one with another 30$ and managed it to go up to almost 800$

DtraderB posted:

ufotech posted:
If you're going to participate then you need to post up a LIVE account showing a $40.00 starting account balance.
 
Post your myfxbook fully validated account stats page here.

Hi,

I'm new here.

I start a live account with 30$ last june when I managed to blow it in last then a month.

Then I started a new one and double it in 3 months.

Now in december I started a new one with another 30$ and managed it to go up to almost 800$

Can we see the above said account?
Just telling us doesnt really count...