Please post your MyFXBook stats page link to the Live account you are using for the $40 to $1000 challenge.
Here is the monitoring of my first attempt to disperse the score. On the first attempt, it was possible to increase the account from $ 1-$ 20 for 4 months. But then he played too much and merged. Psychology got in the way. On the second attempt, it was possible to increase the score by 28 times in 4 months. But just played too and merged. I did not monitor this account. There is a report on my trade.
Just telling us about it doesn't count.
Create a fully verified and validated MyFXStats page for a live trading account that shows a starting balance deposit of $40.00 USD
It only takes a few minutes to set up a stats page and properly validate it.
$40 to $1000 is harder than $4000 to $400,000 . If you have a $40 account you will have to use 0.01Lot at most and even that will be a lot for such a small account. I do not think that you can have good risk management on a $40 account
Merrill posted: $40 to $1000 is harder than $4000 to $400,000 . If you have a $40 account you will have to use 0.01Lot at most and even that will be a lot for such a small account. I do not think that you can have good risk management on a $40 account
You're wrong. Account size doesn't determine if you can have good risk management.
Risk management will determine the size of your trade and the maximum level of margin exposure at any one time.
Risk management should be the priority to protect the account at all times.
As long as your leverage is appropriate for your account size, and you don't over leverage yourself with such a small account, then yes it is possible.
Trade properly and allow the account to build up slowly over time.
ufotech posted: If you're going to participate then you need to post up a LIVE account showing a $40.00 starting account balance.
Post your myfxbook fully validated account stats page here.
I'm new here.
I start a live account with 30$ last june when I managed to blow it in last then a month.
Then I started a new one and double it in 3 months.
Now in december I started a new one with another 30$ and managed it to go up to almost 800$
Can we see the above said account? Just telling us doesnt really count...
Pepperstone used to have a bonus starting account ,no deposit required I used to make nice profits on Binary scalping most I made in one day was 250 Euro ,broker rang me and asked how I did it lol ,had to close it before working in City.Fun times before all the regulations.