This challange is definitely not worth the headache, but it's anyone choice to participate in it.

Forex0zzy posted:

keatonrichard posted:
It seems very uncertain and unpredictable to earn 100K with 100 dollars, all depends on experience and other factors affecting a trade.

Thanks Keaton. May I ask what type of experience do you think a trader needs? Also what other factors are you referring to?

FO

Trader needs to get his feet wet in Forex trading first and should know the strategies that need to be applied before putting any trade. Other factors include - Current market price, lot size, market analysis - fundamental & technical and of course practicing consistently is something which can help you to earn 100K for $100.

keatonrichard posted:

Forex0zzy posted:

keatonrichard posted:
It seems very uncertain and unpredictable to earn 100K with 100 dollars, all depends on experience and other factors affecting a trade.

Thanks Keaton. May I ask what type of experience do you think a trader needs? Also what other factors are you referring to?

FO

Trader needs to get his feet wet in Forex trading first and should know the strategies that need to be applied before putting any trade. Other factors include - Current market price, lot size, market analysis - fundamental & technical and of course practicing consistently is something which can help you to earn 100K for $100.

100k with 100 dollars is just not it, you will get sick trying to do that .

keatonrichard posted:

Forex0zzy posted:

keatonrichard posted:
It seems very uncertain and unpredictable to earn 100K with 100 dollars, all depends on experience and other factors affecting a trade.

Thanks Keaton. May I ask what type of experience do you think a trader needs? Also what other factors are you referring to?

FO

Trader needs to get his feet wet in Forex trading first and should know the strategies that need to be applied before putting any trade. Other factors include - Current market price, lot size, market analysis - fundamental & technical and of course practicing consistently is something which can help you to earn 100K for $100.

1k for 100k should be more realistic and not 100

In my opinion, to earn 100K profit you have to start with a bigger amount of real money and must be well experienced in trading so as to create profit of 100K with capital of 100K. You need to have good strategies in your mind and then play with those strategies but there is no assurance of earning 100K with the 100 dollars.

morganedwards posted:
In my opinion, to earn 100K profit you have to start with a bigger amount of real money and must be well experienced in trading so as to create profit of 100K with capital of 100K. You need to have good strategies in your mind and then play with those strategies but there is no assurance of earning 100K with the 100 dollars.

The starting balance shouldn’t make any difference as long as the numbers stack up. For example if a strategy has an average win rate of 50% and reward to risk of 3:1 then the strategy is profitable as the trader only needs to win 25% of trades in this scenario to break even. If the trader trades 2% on a $500 account, what is the difference in risk to trading a $10,000 account? Nothing..........Why? The % DD will still be the same on a $500 account to a $10,000 account. The only difference is that it will take longer to hit the target.

Have you thought about knowing the weakness of a strategy and having a strategy around that? For example if I were trading a martingale, grid or mean reversion strategy then the weakness is fast movement without immediate retrace or reversal. However ranging markets are idea for these types of strategies.

How about a trade plan? it is the manual of the strategy and set of rules that should not be deviated from.

How about emotions? The market drives fear and greed. It’s great when we’re winning and shit when we’re losing. During loosing streaks I wonder how many retail traders give up or change their strategies?

How about a keeping a journal of a traders trades? If the market creates a lot of nuances for a strategy then this may be essential.

For me, just having a strategy and practicing in the market is not good enough for success. I do not worry about balance or whether I hit the target. The balance is now at a safe amount anyway. I just focus on keeping to the trade plan, taking my time over each trade setup and making sure that I stay above my target numbers e.g average 50%+ win rate and minimum RR 2:1.

FO

PROFITINGSYSTEMS posted:

keatonrichard posted:

Forex0zzy posted:

keatonrichard posted:
It seems very uncertain and unpredictable to earn 100K with 100 dollars, all depends on experience and other factors affecting a trade.

Thanks Keaton. May I ask what type of experience do you think a trader needs? Also what other factors are you referring to?

FO

Trader needs to get his feet wet in Forex trading first and should know the strategies that need to be applied before putting any trade. Other factors include - Current market price, lot size, market analysis - fundamental & technical and of course practicing consistently is something which can help you to earn 100K for $100.

1k for 100k should be more realistic and not 100

Thanks for your valuable feedback on this thread PROFITINGSYSTEMS. We have made profits since the initial deposit and I have no headache yet :)

FO

Forex0zzy posted:

PROFITINGSYSTEMS posted:

keatonrichard posted:

Forex0zzy posted:

keatonrichard posted:
It seems very uncertain and unpredictable to earn 100K with 100 dollars, all depends on experience and other factors affecting a trade.

Thanks Keaton. May I ask what type of experience do you think a trader needs? Also what other factors are you referring to?

FO

Trader needs to get his feet wet in Forex trading first and should know the strategies that need to be applied before putting any trade. Other factors include - Current market price, lot size, market analysis - fundamental & technical and of course practicing consistently is something which can help you to earn 100K for $100.

1k for 100k should be more realistic and not 100

Thanks for your valuable feedback on this thread PROFITINGSYSTEMS. We have made profits since the initial deposit and I have no headache yet :)

FO

Ok Friend, hope you don't, but I don't see myself doing 100 to 100k, The request alone will cause me headache. I do good money for good profits. The bigger you deposit, the more easy for you to make profits with less efforts.