Thread: $1000 to $1,000,000,000 in 4 years

91303Hi all of
im a newie to the forum tlk so take it easy on me?lol...
I am currently in the process of launching a 5k account,along with also my monthly expectation is going to be 15%.
Pairs I plan to trade for the moment will probably be 1eur/usd 2usd/jpy 3gbp/usd 4usd/chf 5usd/cad(this may be tuned down to 4 pairs)
I intend on utilizing Daily and 4hr charts to help me find my entrance,using specialized lines on these charts for my entrances.
I have had an account before in the u.s stock market which took a little lose before I closed it out and started eduing myself again.
I would apprie some guidance from traders who have taken losses and are currently consistent profitable traders with realised monthly objectives,.Also any guidance for risk management would b of fantastic interest to me personally.

Originally Posted by ;

Now allow me to get this straight:
1. It's reassuring to me that you could really built a big account using this kind of philosophy
2. You mean I could be in a position with 30pips SL a plane crashes on an important construction and my account gets wiped out? Hard to think, which broker did you use at the time?
3. Scenario but my trade is on the right side of this movement. My SL is ignored and my account grows instantly to countless???

Laugh all you need. . But have you ever tried to escape a trade in a crisis? Have you ever noticed the slippage on a stop loss during a little news event?

Each of the platforms will freeze up during a server overload. Your stops are only on your computer. It used to be really bad during news times. I had the exact same account going on 7 computers seeking to exchange during news times. It is not anywhere near as bad as it used to be, but I have noticed there are times of lag during a major news event. You can still be slipped out a little. Trying to exit a trade may still take a while and thats not speaking about a major crisis/panic. Tons of individuals lost their accounts at 08. That is the reason why we have the US interventions trying to make forex a safer place. (not that I like these interventions, either...)

My broker is exactly the exact same broker I have right now and it's the biggest, most reliable broker on the market, IMO. (see my profile)

In case you were on the correct side of this trade - you wouldn't be stopped out today could you?

Only my opinion/experience.... I wouldn't leave my capital on forex. Despite using emergency ceases, I have been burned.

Forex may bring crazy returns and that's the reason why I'm trading full time.

Originally Posted by ;

I'm currently in the process of opening a 5k account,and my monthly expectation will be 15 percent....
I'd apprie some guidance from traders that have taken losses and are currently constant profitable traders with realised yearly goals,.Also any guidance for risk management would b of great interest to me.

Dont!

Originally Posted by ;

laugh all you need. . But have you ever attempted to escape a trade in a crisis? Have you ever discovered the slippage on a stop loss during a minor news event?

My broker is the exact same broker I have at this time and it is the largest, most reputable broker on the market, IMO. (visit my profile)


Only my opinion/experience.... I would not leave my capital on forex. I have been burnt before despite using emergency stops.

Agreed.

I have seen and experienced what you've said a few years ago and about 9 months ago. Brokers ignore TP SL. Fail to perform pending orders. They do and say what they need, Sorry we couldn't close your order because of market conditions etc..

What I have learned is to exchange with little market exposure. I never leave trades on over a few hours. 90% are closed within 1 hour. I still trade news, but not the release. I traded AUD Monetary Policy Meeting tonight, so I didnt take the spike, but I grabbed the selloff right after. I made sure the spread was back to normal. Never leave trades on over the weekend.

I also Diversify into many accounts, many brokers, and take profit out all of the time. I only have 2 accounts that are growing, the rest are there for making Profit and paying the bills. .
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If you've got $5k and anticipate 15% per month, you will most likely lose 30 percent per week and reevaluate your 4Hour charts and daily trends again. 90% of the forum threads are here are crap and you won't make a buck following the crowd. Formations are and believing that Institutional traders utilize EMA 200 and trade off a 4H chart. . lol Ya right. .

Originally Posted by ;

Hi all
im a newie into the forum tlk so take it easy on me?lol...
I'm currently in the process of launching a 5k account,along with my monthly expectation is going to be 15%.
Pairs I plan to trade for the moment will probably be 1eur/usd 2usd/jpy 3gbp/usd 4usd/chf 5usd/cad(this could possibly be tuned down to 4 pairs)
I intend on using Daily and 4hr charts to help me find my entry,using technical lines on these charts for my own entries.
I have had an account in the past in the u.s stock market which took a small drop before I closed it out and began eduing myself .
I'd apprie...

Before you start the acct, start a DEMO and trade your plan for 2-3 months. Assuming this gave you 15%, attempt live trading for the minimal amount of lots (0.1) for another 2-3 months. When this worked, start raising your lot size gradually until you start feeling as if you understand what it is you are doing. If you are not successful at a certain step, return to DEMO until you get profitable .

Originally Posted by ;

laugh all you want. . But have you ever tried to escape a trade in a crisis? Have you ever noticed the slippage on a stop loss during a news event?

All the platforms will freeze...

Not laughing my guy, and I was not sarcastic. Never had this happen to me, but this does not mean it can't. My kind of trading (inout in less than one hr likely exposes me less to the possibility). Will keep my eyes open.

I wonder why lots of folks seems to state that getting 20 pips per day is like a hopeless task.

Now, before anything else, I want be upfront, that I'm only a newcomer in forex trading.

As rule number one in this hectic forex marketplace is, Discipline.

I've seen my mentor did it, and also my fellow trader did it.

15 percent per month? nope.

It's 100% per day.

I want state there's a 5000% per day commerce, but I do not have the Screen Shot for that. And as nobody going to believe something so it's really up to you guys if to consider or not.

EA? nope.

Me and my fellow traders prefer manual transactions.

Calm down, unwind, examine price movement with the help of tools from MT4, and Entrance upon verification with a pair of principles.

Sounds simple. But discipline will break or make your trade.

Originally Posted by ;

Oh, no, another x 1 billion dollars thread.



I wager that in under 3 months you've blowed up your account, post here your myfxbook development and prove that I am wrong, it's not crucial to people your egy, you can conceal your transactions at myfxbook, show just your balance development.

And incidentally, why stop with a billion dollars? Why not continue trading for a TRILLION dollars?

Exactly my thoughts.

I guess before I can return with the Myfxbook connection I have 1 month to go.

Sept20-5.2
Sept21-6.4
sept22-67.3
sept23-19.7

in 26.57percent from the Start of Sept 6th

I lol'd

Yes it could work, if you had NO down days. Now, account to get a few days here and there it might take longer. However, it should not be on the money. If you really love what you do, you will have the dediion and push to throughout the through times. Push and that dediion will make you a lot of money regardless of what it is you do. Just look at bill gates, he has all that money and he does not trade for a living.