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From $1 to 10 million

Rihan
Rihan
Dec 21 2013 at 07:44
30 комментариев
I know I have said I will not partake anymore, but I come back every now and again to read what others are saying.

I will have you know that this account hosts my demo accounts, on which I test my EAs. My live accounts are on another account, and I am doing ok. I am definitely not frustrated , wanting to discourage others or why ever you think I started this.

As I have mentioned before, this thread was meant as a joke.. I am sick and tired of reading preposterous claims , hence made my own - only difference is. I am not serious. I also wanted newbies to read the truth in what you said, that 99% will fail. I am not wishing to 'discourage others' I merely wanted them to know what other traders think/have experienced and to watch out for people selling all sorts of things and promising you riches - which we had here.

Please, I believe there is money to be made in fx - just don't start with wild expectations like the topic.
ArdiFX
forex_trader_[136673]
Dec 21 2013 at 09:13
852 комментариев
@BluePanther

Making 10,000,000$ out of 1$ is not easily achieved not in even 50 years. To make 10,000,000 the trader would need to win consistently 2.72% every month for 50 years which is harder than to going to the Moon (the technology to go to the moon exist).

I was honest about traders blowing the firs account, but good traders end up with only one blowing account. The definition of insanity is making the same mistake and expecting different results. Your experience should have teach you that there are some things not achievable. Even if it is theoretically achievable the risk is to high to even try it.
c3po
Dec 21 2013 at 11:28
51 комментариев
BluePanther posted:

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 😝).

Bluepanther,
I also came here and asked a question and Ardit Huruglica also made fun of me and in otehr posts ive read. He sent me a private message antagonizing me with no instigation on my part.

I dont think he is a trader but probably an internet troll paid by banks or some corporation to go in forums and cause trouble, then erase the abusive posts so he looks like a legitimate community member.

Its big business--- internet troll companies get big money from giant mega corps to come in and cause confusion and turmoil. I suspect that guy and several others are here trolling.

I thought you had a great post, and liek someone before said, $1 wont even open up 1 microlot, although you could open a nanolot on Trader's Way. but it woudl take so long to get a decent balance of $1000 or so that you coudl go get a minimum wage job, make $1000, then throw that in an account much faster than you cuodl trade $1 to $1000.

trading $1000 to 1 mil is much easit i think. because you can order many positions with $1000 and balance your exposure and fight/work/play the market without sitting waiting for your $1 to turn into $1.01
dima05
Dec 21 2013 at 11:30
1 комментариев
ArdiFX
forex_trader_[136673]
Dec 21 2013 at 13:37
852 комментариев
@c3po

Tell me how not to make for of someone who said he is 'little guy to figure out the universal principles of forex'. Make stupid claims people will make fun of you.

How not to make fun for someone who sells 500$ robot and 29.99% vps. I've seen this post from you and many others. Same post, I think you have many users or are organized crime scamming newbies.

Do you F-ing get it.
Rihan
Rihan
Dec 21 2013 at 14:37
30 комментариев
Perhaps someone should start a thread titled 'becoming a millionaire with fx'
All those that believe it is quite achievable can go post to their heart's content.
It will also be a great place to advertise everything you need (if you just buy this or that)
ArdiFX
forex_trader_[136673]
Dec 21 2013 at 15:24
852 комментариев
Matt (BluePanther)
Dec 22 2013 at 04:47
1358 комментариев
@c3po : True, most pps would start with more than simply $1. But from $1.00 to $1.01 is a 1% gain - NOTHING in forex!

@ahuruglica : You said 'Making 10,000,000$ out of 1$ is not easily achieved not in even 50 years. To make 10,000,000 the trader would need to win consistently 2.72% every month for 50 years which is harder than to going to the Moon (the technology to go to the moon exist).'

I politely disagree. I have used a compound annual growth calculator available at https://www.investopedia.com/calculator/cagr.aspx

My results: From $1 to $10million in 50 years will require a compound growth rate of 38.04% pa. Easily achievable in forex IF YOU HAVE THE RIGHT SYSTEM!

Let's try from $1 to $10million in 20 years = 123.87% pa. STILL ACHIEVABLE WITH THE RIGHT SYSTEM.

Let's try from $1 to $10million in 5 years = 2411.89% pa. I have seen a real money account (statement) achieve 3600% in three months, so yes, I believe THIS IS STILL QUITE REASONABLY POSSIBLE.

Let's try from $1 to $10million in 1 year = 999999900.00% growth - NOT SO EASY! (increasing the deposit of $1 by 10million times). This might be stretching the limit of possibility. But then, with automated trading this isn't impossible either (considering the amount of ticks a market moves each year).

@Rihan :You have good intentions, though perhaps some folks may interpret this thread as a bad joke on themselves (as they honestly believe this is possible). Actually, I still hold true to the possibility of such a claim ($1 to $10 million), though I have yet to witness this EXACT example in reality myself (I have learnt of similar claims but not from $1).

Basically, yes, there is much too much crap out there. Yes, 99% of the stuff is just junk. Newbies would do well to look at the revenue streams of such sellers and ask: 'Is this guy making money from trading or from the sales / commissions on his program / PAMM / etc.?' I would recommend newbies look at Forex Peace Army before further considering software / systems.

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There is no such thing as a stupid question - only a stupid answer. And in asking whether it is possible to turn $1 into $10 million I think we have covered all the possible answers in this thread. Some folks say they have achieved this and provided us with their 'results' or testimony, others are on the other extremity of the scale and would never believe such 'claims' no matter how much evidence they are shown.

And at the end of it, the question can only be answered by oneself. As Henry Ford said: 'Whether you think you can or you think you can't, you are right.' This debate will never end in the public domain, but for the individual it is simply a choice (to believe it or not).
Matt (BluePanther)
Dec 22 2013 at 07:10
1358 комментариев
@ahuruglica : I like your documentary 'Mind Over Money'. But it focuses a lot on the small trader's psychology and blames the public, when in fact there are bigger players that influence the market to the extent of the Great Depression and Global Financial Crisis of 2008. Do you think it possible that GFC 2008 was used like the Great Depression to steal the wealth of the middle class and for other subversive motives? Just remember the Federal Reserve and all central banks of the world are private banks, and then look at the results of their actions (eg. quantitative easing, interest rates, etc.).

PBS (Public Broadcasting Service) would imply this TV station is simply a mouthpiece for the agenda of the Illuminati / Bilderbergers / ruling oligarchy. Therefore, they would not wish to tell you and I (the public) the real (whole) truth about the matter.

...but it makes for some light entertainment nonetheless! 😉
ArdiFX
forex_trader_[136673]
Dec 22 2013 at 08:51
852 комментариев
Nope, the calculation is correct, it need exactly 2.72% monthly gains for 600 months (50 years) to gain 10M. Your calculation yearly and five yearly are correct.

2.72% or 38.04% yearly, seem easy. It,s easy to make 2.72 in one month or 38.04% in one year. But when you add 50 years to the equation the unexpected in the market will happen that would lead to big DD. Then the trader would have to trade just to reach break even and time will pass.

ArdiFX
forex_trader_[136673]
Dec 22 2013 at 09:16
852 комментариев
About documentary, I'm not a fan of conspiracy theories, but I liked the idea that when it comes to money humans make irrational decisions. Which I believe stands true.

About you claim that with the right system big gains are possible I think it's just a market myth. There is no trading system that can beat the market consistently. Market have different moods that can change, they can range, trend, correct, trend for extended period of times, false breaks, news spikes, etc. All of them can beat the trader.

You have experience, you have witnessed yourself, a system works for three months perfectly, then on the fourth month it blows the account, or makes a big DD that it will need time to recover.

As Charles Darwin said for evolution 'It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change' I believe it stands true also for trading. Only a good trader that is adaptable to market changes will survive on the long run.
Matt (BluePanther)
Dec 22 2013 at 12:20
1358 комментариев
On the calculator, please read the description carefully:

'To use the calculator, begin by entering the value of your investment today, or its present value, into the 'ending value' field. In the field for 'beginning value,' enter the initial value you placed into your investment. Finally, enter the number of years that you were invested.'

Number of years = 600? No one will be around that long so it makes no sense to use 600!

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Of course, the debate is over for me (and I suppose for you too). We have both made up our minds on whether this is possible / impossible to achieve. However, I do love to argue my POV (however wrong it may seem to others!) - because I believe I am correct.

Do not think of 'beating' the market - the market (or its participants) is not an opponent to be fought and won against. You must learn to work 'with' the market in order to achieve success. Think of tai chi - learn to embrace changes in the market and you will succeed. Work against them and the markets will soon teach you a lesson. Ever heard the saying 'trend is your friend'?

WD Gann is a perfect example of learning how to read the markets (adapt if you will). He saw that the market follows cycles, as does everything else in life. The market repeats itself - you even say this yourself when you say the market has 'different moods'. I do not subscribe to Darwin as he was a fraud and is only promoted by evolutionists and the oligarchy for their own agendas. I agree you must 'adapt' to the markets, but if you find the right system all you need to do is 'plug-and-play'. How else do you explain those traders that make a living from trading? They have found the right system that 'adapts' to the market's changes and all the trader needs to do is follow the system to the letter.

I am unsure which system you refer to that I have 'witnessed myself', unless you mean the system I mentioned that made 3600% return on real money in three months. You should not make assumptions: I do not know how it performed after the three months I obtained. The developer had three statements from three different brokers and used the same strategy with different results due to each broker's different price feeds, spreads, etc. The best broker achieved 3600% in three months and I have attached the statement here for the benefit of all. I will not share his website as he actually took a free EA and sold it as his own (though it is difficult for me to determine if he made any modifications to it). The fact is: public domain property should remain free and no one has the right to claim this work as their own (and charge a fee). Yes, I paid for it, but it works quite well (I managed to turn £6000 into £16000 in a short time but I took on excessive risk by adding an extra pair too soon and blew this account).


Приложения:

ArdiFX
forex_trader_[136673]
Dec 22 2013 at 13:16
852 комментариев
BluePanther posted:
On the calculator, please read the description carefully:

'To use the calculator, begin by entering the value of your investment today, or its present value, into the 'ending value' field. In the field for 'beginning value,' enter the initial value you placed into your investment. Finally, enter the number of years that you were invested.'

Number of years = 600? No one will be around that long so it makes no sense to use 600!

Sir. nr of periods 600 is nr of months. 600 months is equal to 50 years. I explained many times 2.72% is monthly gains. MONTHLY.

12*50=600

If you compound 2.72% every months, for 600 months in a row, after 50 years you will get that 10M.
Matt (BluePanther)
Dec 22 2013 at 13:22
1358 комментариев
Apologies to you. Actually you are right in that sense. Even though the instructions request you enter 'years', the field is labelled 'period' and therefore when you look at it you can use it for a monthly calculation. You are correct. 😎

eg. 50 years = 38% pa / 12 months = 3.17% per month. But on a compounding basis that would certainly be 2.72% per month.

I still disagree with your original point though: You said 'Making 10,000,000$ out of 1$ is not easily achieved not in even 50 years. To make 10,000,000 the trader would need to win consistently 2.72% every month for 50 years which is harder than to going to the Moon (the technology to go to the moon exist).'

Easily achievable in forex (WITH THE RIGHT SYSTEM)! 😀 The system of mine you subscribed to achieved 40% last week, though I am aiming to make 10% per week. I am content with the risk currently so I will not alter anything. As my balance increases I expect my weekly returns will diminish to meet my target of 10% per week. At which point I will begin to increase my trade sizes and thus my risk to maintain my 10% weekly target. That's the plan anyway!

“If you fail to plan, you are planning to fail!” ― Benjamin Franklin
ArdiFX
forex_trader_[136673]
Dec 22 2013 at 13:35
852 комментариев
I am not arguing that 3600% in three months is not achievable. It is achievable. But it is almost impossible to maintain that growth. Sooner or later the account will blow. Just think, why billionaires brag about winning 25% in a year, and retail traders can win thousand of %. They don't know they can win more? Who is the smart guy?

On market it is easier to make even 100% in 10 seconds. Take a heavy leverage position before big market news and easy achievable (but also possible to blow account in 10 seconds). I could win 100% on 10 seconds but it doesn't mean I'm smart, only I'm gambling and sooner or later my account will blow.

Believe me every strategy that gains more than 20%-25% has increased risk and sooner or later the account will blow or it would end up in big DD. It is the law, big gains means higher risk.

The chart that you attached. It seems to me like back testing. EA vendors use back testing with 90% quality data, which means that stops on market spikes are not calculated, on real life the trades will end up in losses on those trades. Also back testing and forward testing are different things. You said yourself that forward testing had different results on different brokers.
Matt (BluePanther)
Dec 22 2013 at 13:39
1358 комментариев
I invite you to take a look at the statement. It is a real money statement, not a backtest. Simply because there are only three months included is no reason to assume that the account failed immediately (or any time) after.

I am glad to see you are opening your mind to the possibilities...! 😉 Just don't go buying the next program out there promising huge returns until you have done your 'due diligence'! 😝
ArdiFX
forex_trader_[136673]
Dec 22 2013 at 14:03
852 комментариев
I subscribed to one of your account because to me it seems that it is the only account that is currently trading. If you have other accounts that are currently trading pm the link and I will subscribe (by subscribe I mean watch list, only tracking performance).

I wish you can get millions, but to me 10% weekly is huge risk. IMO


I'm not opening my mind, I'm open minded. But I'm also aware of the risks. Everything is possible i'm not closing my mind (even it is possible that Darwin wasn't a fraud 😝) but to some things are nearly impossible to do and the risk is high enough that it is not even worth to try.

My experience is quiet different that yours. I don't understand where do you get your willpower. You are a risk taker. You can gain fast but also you can loose fast.

When I started trading I did blow my first account in 6 months. It was 1,000$ account. I did not blame anyone except me, I overtraded, used high leverage, did not have much experience in market psychology. I did chose to continue but first correct my mistakes. It was 2008. The next 5 years I was profitable, it was by taking low risks not huge. I took a year off in the end of 2012 for some work and family obligations and started again from October this year. Simply said, my 5 year winning period and one year off did not made me forget first six months. I chose not to make the same mistakes.
Matt (BluePanther)
Dec 22 2013 at 18:19
1358 комментариев
My willpower to take such risks stems from my mindset that I have nothing to lose and everything to gain:

“It is easier for one to take risks and to chase his dreams with a mindset that he has nothing to lose. In this lies the immense passion, the great advantage of avoiding a materialistic, pleasure-filled way of life.” ― Criss Jami 😎

I fear nothing except fear itself... and a healthy fear of God.

It helps that I have no one I need answer to except myself and God.
ArdiFX
forex_trader_[136673]
Dec 22 2013 at 18:46
852 комментариев
Well FOREX is trillion dollar market, there is plenty of dollars for everyone :)
Rihan
Rihan
Dec 23 2013 at 05:52
30 комментариев
BluePanther posted:
Yes, I paid for it, but it works quite well (I managed to turn £6000 into £16000 in a short time but I took on excessive risk by adding an extra pair too soon and blew this account).

There is always a 'but'

I couldn't be bothered if you think this tread is a lame joke or with good intent.

All I know is that people whose quotes you use to justify your blown accounts would turn in their graves if they could know it is being used for this purpose.

You say you will try and try to be the 1% who succeeds - well I wish you all the best, seems you had a great start. Personally I think you should be part of the percentage in which 'fx is a risk - and you could suffer great losses' falls, and give it up. But you stand up and dust yourself off every time an account is blown - promising yourself it will not happen again.

To me you are just a guy who once had a good trade and try to pursue that again - even if a lot of money is lost on the way.

This thread that was started as a joke is starting to infuriate me, but I suppose anyone is entitled to their opinions, and I should have expected this when I started it.
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