$200-100k challenge

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

Propiphunter posted:

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 ;)

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.

http://www.myfxbook.com/members/ForexScreamer/200-100000-challenge/3363829

togr posted:

Propiphunter posted:

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 ;)

If you try to trade 0.5 lot per 200 EUR deposit you will end up with the loss.

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.

http://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.

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.

Propiphunter posted:

togr posted:

Propiphunter posted:

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 ;)

If you try to trade 0.5 lot per 200 EUR deposit you will end up with the loss.

Really? :) "it always seems impossible until it is done" - Nelson Mandela

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

ForexScreamer posted:
Making progress. Percentages can be misleading with such a small account, but it's better than losing money!

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