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CHALLENGE -- 1000 $ to 10 000 $ in 5 weeks is it really possible

johncolavito
Oct 23 2012 at 05:52
1 ieraksti
fughe posted:
How about just a steady 10% a day....


It is possible to become a millionaire with only 1% - 2% each day.

The trend is your friend
Miftachul Huda (mrhoe)
Oct 23 2012 at 06:46
1 ieraksti
qeadee posted:
Look here i will turn $100 into $10,000 in less than a week :) This is 5 days acc
https://www.myfxbook.com/members/qeadee/lolo/389205

What you show is only a demo account.

Trade Safely & Profitable
Antny (fughe)
Oct 23 2012 at 13:34
724 ieraksti
mrhoe posted:
qeadee posted:
Look here i will turn $100 into $10,000 in less than a week :) This is 5 days acc
https://www.myfxbook.com/members/qeadee/lolo/389205

What you show is only a demo account.


Yeah, I have to agree with this sentiment. Demo accounts are worthless when attempting to show proof of concept for these type of major runs. I mean if you ant to see what a real attempt at a rapid gain looks like, then check out one of my old accounts. https://www.myfxbook.com/members/fughe/mt4-2731/211504

It ran over a 12 month period (about 240 trading days). That gives me a daily avg of slightly over 5%/day. Huge gains are possible, but I can tell you, doing this was very stressful. A person needs to factor their health into the equation. What good will it do a person to be rich if they are spending it all on medical bills????? Better to let an account grow at a reasonable, steady pace.

Make losses, but always come out a winner at the end.
James_Bond
Oct 23 2012 at 14:01
556 ieraksti
@fughe Demo accounts are not always worthless - it depends if a trading strategy is used or one is always betting the farm. If the first, then you should get almost identical trading results (assuming of course you're taking the same risks).

I agree that going for huge returns definitely adds unnecessary stress to your trading.

Antny (fughe)
Oct 23 2012 at 14:28
724 ieraksti
James_Bond posted:
@fughe Demo accounts are not always worthless - it depends if a trading strategy is used or one is always betting the farm. If the first, then you should get almost identical trading results (assuming of course you're taking the same risks).

I agree that going for huge returns definitely adds unnecessary stress to your trading.


But, you have to remember, this is a test to have massive account growth and, in forex trading, a HUGE part of the trading is psychology. I have seen systems work great in backtesting, but almost no one is capable of trading them because they cannot handle them psychologically when applied to real money.

In a demo account, the psychological aspect is removed entirely. So, I still say demo accounts are useless when attempting to prove cases such as this.

Now, for nothing more than seeing how a system could theoretically perform....yeah, a demo account could be of use. But not to test real world validity. I suppose I wasn't very clear on that point. :)

Anyway, now you understand what i was implying.

Make losses, but always come out a winner at the end.
biosko
Nov 02 2012 at 11:56
65 ieraksti
Demo is not reliable to present result especially with higher lot. Its not the same to close 10lots on demo and 10lots on real account per position.

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