$200-100k challenge
Členom od Jan 05, 2016
1189 príspevkov
Jun 12, 2019 at 19:25
togr posted:
It took me half year to turn 200 to 300
I do not suppose after all these years needed there is a trader with enough discipline and luck
That approximately 8.3% per month.
50% in 6 month is a fantastic ROI.
Small monthly returns add up quickly over time. Nice job.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Členom od Feb 22, 2011
4862 príspevkov
Jun 13, 2019 at 12:53
Propiphunter posted:If you try to trade 0.5 lot per 200 EUR deposit you will end up with the loss.togr posted:Propiphunter posted:
As a little motivation: with 200$ you can set a max of 1lot (500:1 leverage), if you set lets say 0,5lot it would take you 20pips (0,5*20*10=100$) to get 50% gain. That means, if you have a good run with daily 20pips (very doable) you can turn 200$ into 100k in a bit more than 3 weeks (16 trading days). So.. A run of 16 trades (20pips each) in a row is enough :)
Nope, you cant trade 1 lot with 200 deposit.
1 lot is 100,000 units
To buy 100,000 EUR you would need 112,000 USD.
With leverage of 500 this translates to 224 USD. That is just to cover margin, not taking into account the spreads and comissions and market move. If market move 10.0 pips on one lot it does mean $100. Markets move even 100 pips a day so that's $1000.
Oh man sry, your right, you need 200€ not 200$ :) however.. 0,5lots is doable on $ too.. And no - this is ofc not an advice to do it, i just want to open your eyes that it's possible.
The typical spread on EurUsd with the cheapest brokers in the industry is at 0,1pips, the commission for 1lot at around 5€, so converted to pips some 0,6-0,7pips per lot - you can nearly forget that..
If markets move 100pips a day - be sure you catch that move ;)
forex_trader_436974
Členom od Jun 13, 2017
49 príspevkov
Jun 13, 2019 at 14:55
I posted a link to my new account where I'm trying this challenge but it looks like it's been removed. Not sure why.
forex_trader_436974
Členom od Jun 13, 2017
49 príspevkov
Jun 13, 2019 at 19:27
I removed any mention of my system from the name of the account. Not sure if that was the problem because I wasn't given a reason for my post being removed. I'll try this, and if it gets removed ... meh, I tried.
https://www.myfxbook.com/members/ForexScreamer/200-100000-challenge/3363829
https://www.myfxbook.com/members/ForexScreamer/200-100000-challenge/3363829
Členom od Jan 05, 2016
1189 príspevkov
Jun 14, 2019 at 06:21
ForexScreamer posted:
I removed any mention of my system from the name of the account. Not sure if that was the problem because I wasn't given a reason for my post being removed. I'll try this, and if it gets removed ... meh, I tried.
https://www.myfxbook.com/members/ForexScreamer/200-100000-challenge/3363829
Thanks. I added you to my watch list so I can see how you are doing.
Good luck.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Členom od Aug 30, 2018
7 príspevkov
Jun 16, 2019 at 07:59
togr posted:Propiphunter posted:If you try to trade 0.5 lot per 200 EUR deposit you will end up with the loss.togr posted:Propiphunter posted:
As a little motivation: with 200$ you can set a max of 1lot (500:1 leverage), if you set lets say 0,5lot it would take you 20pips (0,5*20*10=100$) to get 50% gain. That means, if you have a good run with daily 20pips (very doable) you can turn 200$ into 100k in a bit more than 3 weeks (16 trading days). So.. A run of 16 trades (20pips each) in a row is enough :)
Nope, you cant trade 1 lot with 200 deposit.
1 lot is 100,000 units
To buy 100,000 EUR you would need 112,000 USD.
With leverage of 500 this translates to 224 USD. That is just to cover margin, not taking into account the spreads and comissions and market move. If market move 10.0 pips on one lot it does mean $100. Markets move even 100 pips a day so that's $1000.
Oh man sry, your right, you need 200€ not 200$ :) however.. 0,5lots is doable on $ too.. And no - this is ofc not an advice to do it, i just want to open your eyes that it's possible.
The typical spread on EurUsd with the cheapest brokers in the industry is at 0,1pips, the commission for 1lot at around 5€, so converted to pips some 0,6-0,7pips per lot - you can nearly forget that..
If markets move 100pips a day - be sure you catch that move ;)
Really? :) 'it always seems impossible until it is done' - Nelson Mandela
If you never try, you never know.
Členom od Apr 09, 2018
28 príspevkov
Jun 16, 2019 at 07:59
Professional4X posted:ForexScreamer posted:
I removed any mention of my system from the name of the account. Not sure if that was the problem because I wasn't given a reason for my post being removed. I'll try this, and if it gets removed ... meh, I tried.
https://www.myfxbook.com/members/ForexScreamer/200-100000-challenge/3363829
Thanks. I added you to my watch list so I can see how you are doing.
Good luck.
You can add me if it interests you, my link was also removed. Im up 40% so far.
Consistency is key.
forex_trader_688163
Členom od Feb 28, 2019
140 príspevkov
Jun 17, 2019 at 01:58
Actually, 200 to 100k is too tough. I have started since Sept 18, and have withdrawn all my started capital. Currently running profits with the balance 740 as of today.
I had bad and worse drawdown because to achieve 100k is not easy.
Those just started, GOOD LUCK.
I had bad and worse drawdown because to achieve 100k is not easy.
Those just started, GOOD LUCK.
Členom od Apr 09, 2018
28 príspevkov
Jun 17, 2019 at 06:38
Nasrul_Swing posted:
Actually, 200 to 100k is too tough. I have started since Sept 18, and have withdrawn all my started capital. Currently running profits with the balance 740 as of today.
I had bad and worse drawdown because to achieve 100k is not easy.
Those just started, GOOD LUCK.
Good results, if you take control of your DD you can do it in the long run. Great monthly results so far!
Consistency is key.
Členom od Feb 22, 2011
4862 príspevkov
Jun 17, 2019 at 06:39
Propiphunter posted:togr posted:Propiphunter posted:If you try to trade 0.5 lot per 200 EUR deposit you will end up with the loss.togr posted:Propiphunter posted:
As a little motivation: with 200$ you can set a max of 1lot (500:1 leverage), if you set lets say 0,5lot it would take you 20pips (0,5*20*10=100$) to get 50% gain. That means, if you have a good run with daily 20pips (very doable) you can turn 200$ into 100k in a bit more than 3 weeks (16 trading days). So.. A run of 16 trades (20pips each) in a row is enough :)
Nope, you cant trade 1 lot with 200 deposit.
1 lot is 100,000 units
To buy 100,000 EUR you would need 112,000 USD.
With leverage of 500 this translates to 224 USD. That is just to cover margin, not taking into account the spreads and comissions and market move. If market move 10.0 pips on one lot it does mean $100. Markets move even 100 pips a day so that's $1000.
Oh man sry, your right, you need 200€ not 200$ :) however.. 0,5lots is doable on $ too.. And no - this is ofc not an advice to do it, i just want to open your eyes that it's possible.
The typical spread on EurUsd with the cheapest brokers in the industry is at 0,1pips, the commission for 1lot at around 5€, so converted to pips some 0,6-0,7pips per lot - you can nearly forget that..
If markets move 100pips a day - be sure you catch that move ;)
Really? :) 'it always seems impossible until it is done' - Nelson Mandela
Yes really, if you don't know that you should not trade.
Otherwise there would be a lot of Forex billionaries :)
forex_trader_436974
Členom od Jun 13, 2017
49 príspevkov
Jun 18, 2019 at 06:01
I've started up my account. Settings are pretty conservative so it'll be pretty slow at first. But starting at $200 you have to be slow and steady.
forex_trader_436974
Členom od Jun 13, 2017
49 príspevkov
Jun 23, 2019 at 05:55
Not a bad first week. I'll take it. USDJPY made a nice move which helped a lot!
forex_trader_436974
Členom od Jun 13, 2017
49 príspevkov
Jul 08, 2019 at 19:28
Making progress. Percentages can be misleading with such a small account, but it's better than losing money!
Členom od Apr 07, 2019
3 príspevkov
Aug 28, 2019 at 09:24
Looks like the market hasn't been fair to you. What strategy are you using with your Elliott waves. What technique do you use in identifying the start of the impulse wave?
Členom od Jan 24, 2019
3 príspevkov
Aug 30, 2019 at 08:10
guys lets make some math - $200 - 100k how long could this take? let say you profit 1.5 % per day witch is the bottom min -
hmmmm it will takes exactly 421 trading days or around 2 years!!
what about you profit consistently 3% per day - 214 days
hmmmm it will takes exactly 421 trading days or around 2 years!!
what about you profit consistently 3% per day - 214 days
Členom od Feb 22, 2011
4862 príspevkov
Aug 30, 2019 at 10:16
LiveForexPro posted:
guys lets make some math - $200 - 100k how long could this take? let say you profit 1.5 % per day witch is the bottom min -
hmmmm it will takes exactly 421 trading days or around 2 years!!
what about you profit consistently 3% per day - 214 days
Let's say 1 or 2 or 3% per day is pure nonsense. Am I wrong - then show me such verified account here on MFB.
Členom od Jan 05, 2016
1189 príspevkov
Aug 31, 2019 at 08:45
As for how long it would actually take?
$200.00 initial investment with a compounding profit on the account of 1.5% daily
Of course there are going to be days when you lose money, and there will days where you will make money.
That's the way it goes with trading. We win... We lose... We win... We lose... etc.
$200.00 initial investment with a compounding profit on the account of 1.5% daily
Of course there are going to be days when you lose money, and there will days where you will make money.
That's the way it goes with trading. We win... We lose... We win... We lose... etc.
Prílohy:
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Členom od Jan 05, 2016
1189 príspevkov
Aug 31, 2019 at 09:05
ForexScreamer posted:
Making progress. Percentages can be misleading with such a small account, but it's better than losing money!
AND BOOM. Blown account. User deleted....
This is EXACTLY while I tell people that they need to be realistic in their goals.
realistic goals
automate where possible
emotional control
reasonable stop loss
reasonable take profit
don't try to get rich quick, just consider it the same as get broke quick
only you don't get to spend the end result, because you spent the money on bad trades.
I could go on, but the point I am trying to make here is that to become successful as a trader, you have to truly understand the risks and accept the losses as they come along.
Smaller returns over the long term of your investing career is WAY BETTER than a blown account.
Prílohy:
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Členom od Apr 07, 2019
3 príspevkov
Sep 01, 2019 at 06:21
How about the days or probably a whole week when there is no clear signal to trade. That mindset that there are profitable setups everyday is responsible for overreacting especially among newbies.
Členom od Apr 07, 2019
3 príspevkov
Sep 01, 2019 at 06:24
Professional4X posted:They never really understand the power of compound interest. Also every trader loses every once in a while just because it's the markets and Trump tweetsForexScreamer posted:
Making progress. Percentages can be misleading with such a small account, but it's better than losing money!
AND BOOM. Blown account. User deleted....
This is EXACTLY while I tell people that they need to be realistic in their goals.
realistic goals
automate where possible
emotional control
reasonable stop loss
reasonable take profit
don't try to get rich quick, just consider it the same as get broke quick
only you don't get to spend the end result, because you spent the money on bad trades.
I could go on, but the point I am trying to make here is that to become successful as a trader, you have to truly understand the risks and accept the losses as they come along.
Smaller returns over the long term of your investing career is WAY BETTER than a blown account.
