Thread: trading systems vs account size

Originally Posted by ;

I am going to have to disagree disagree with you. It may be carried out with proper money management, the ideal mindset, consistency, and of course the power of compounding.

Add to a KILLER trading platform and you are right on!

There are really two camps. The men and women who focus on attempting to prove it can't be done, and the men and women who focus on doing this. In the long run the latter camp is the only person which has the capacity to be right and to get rich at precisely the exact same moment.

Sorry, I didn't read all of the posts. There is.
You understand why Pacific (synonyms - calm, quiet) Ocean was called like that? Because when Magellan crossed it, it was composed. Its veeeeery stormy.

The point is - you may make a million on Foreign Exchange with $10 000
But it will be: very successful egy, just one or few decades, heavy re-investing, high risks, high win ratio. I mean there will be people like that but those people are more like exceptions from Foreign Exchange. We see because we want an average number those 95% that fail.
We constantly forget that its not only the averages that moves the world, its exceptions.


Wish to make a million from 10k? Make it! But don't go copying other systems. If yours isn't profitable - dump it and start creating a new one. You won't make a dollar turn into a million but you might find the dollar if you continue working for this.

Good luck everyone!

Originally Posted by ;

SorryI didn't read all of the posts. There is.
You know why Pacific (synonyms - calm, quiet) Ocean was called like that? Because when Magellan crossed itwas calm. Its veeeeery stormy.

The point is - you may make an million on Foreign Exchange with $10 000
But it will be: very prosperous egy, just one or few years, hefty re-investing, high risks, high win ratio. I mean there'll be people like that but those individuals are more like exceptions from Foreign Exchange. We just observe those 95% that fail because we want an number.
We constantly forget that its not the averages that moves the planet, its own exceptions.


Wish to make a million from 10k? Make it! But don't go copying other systems. If yours is not profitable - ditch it and start making a new one. You won't make a dollar turn into a thousand by considering it but you may get the dollar if you continue working for this.

Good luck everybody!

Can perform!

Originally Posted by ;

My friend I love to burst into bubble, but you will never make a living outside of Foreign Exchange trading a mini account. In time you will concur with me.

I never stated makeing a liveing from a mini account but at time since it builds up and eventually become a typical account it may be carried out. But as mention by some one else you need to take into account of all other matters like dental, bennys insurance and that. As I have stated I manage to do about 35 pips a day doing two or three lots on one currency. Then I pull from it to the day. As I learn more and build I am hopeing to do. I mean I started off with only $300.00 and have it build up to about 4200. Sure I have taken losses as good longer than a 10pip stop loss per commerce and when I do get stopped out I replan but on my practice account to find out if it would work then I do it on my account. But I set myself up using a 10 pip stop loss. And I do try to follow the trend. And I stick to one currency pair. That way I will find a better grip on whats going on. But on tradeing, I am hopeing to make a liveing. But of course I have a lot to understand and believe it or not I have been learning from all of you guys out of the factory

Originally Posted by ;

show me a trading system that was able to offer you 100 and pips today when gbp/usd go well over 150 pips? Trading systems would confirm the transaction when the currency has transferred roughly 20-60 pips. While trading the shooting star candlestick formation around the char could have given you a fast 100 pips. . .even 130 pips should you let ur trade ride out it

Still in that brief from 2.0432 here
Was a little surprised however to see an early abort before .618 fib.

Price action rocks.

And got the PM, thanks, everything cleared up. Trading is a mixed bag, with an last 2 weeks that could have been super-duper-stellar had I never made 3-4 choices that are bad. But meh.
My endgame goal is still 5-10percent per week eventually. Net. Consistently.
One day

Originally Posted by ;

You're right, my appologies, I did mistake you to get the origional poster. Just realize my articles were to this conclusion. From reading the name, and the post, I didn't get the impression that this thread is about making a living, instead turning it.

Additionally, I really do post my statement, It might not be remarkable as I am very new, but it's every single live trade I've made, good or bad (Mostly bad heh). It will be made by me and I'll begin to impliment my plan that is $ 300 a month, if that month is a month.

Hello Que,

No worries, accept my apologies back. They were not very proficient minded after re-reading a couple of my articles. Than I had been, I should have been more receptive to describing.
Have to admit, I am not a very good teacher, nor writer as a few here at FF are.
You're right, the thread is kind of multi-leveled...I am not a system trader....so I concentrated on the Cap required to trade whole time.

And I def. Wasn't, at all, implying your way of funding is wrong....Lots of confusion. I chatting and should not have been trading at precisely the exact same time, I may have noticed it earlier.

I really do concur with many ideas of the Thread starter, and I am pleased to see you use the word company....

Great Luck

[quote=Shinigami;1526087]SorryI did not read all of the posts. There is only 1 thing I want to say.
You understand why Pacific (synonyms - serene, silent ) Ocean has been called that way? Since when Magellan crossed itwas composed. Actually its veeeeery stormy.

The point is you can make a thousand on forex even with $10 000
yes in theory you can also win the lottery with a $1 ticket (in my country) but less than 0.00001% of the world population be able to accomplish this. There is no way someone will make a thousand with a $10 000 account. . .if it was so simple and do-able then the whole world could have completed it....cause everyone is on the lookout for a quick buck

But it's going to be: very prosperous egy, just one or few years,
attempt rather a decade roughly


heavy re-investing, high risks,
high risk WILL kill you time and again... if u dont believe me. . .try trading jpy for a while

high win ratio.
If only the forex market was that predictable

I mean there will be people like this but those people are more like exceptions from forex.
I concur. . .if I find one such person in my life then I'll be amazed

We only observe those 95% that fail because we only want a mean number.
We constantly forget that its not only the averages that moves the world, its exceptions.
Only in hollywood movies my friend


Wish to make a million in 10k? Make it! But do not go copying other programs. If yours is not profitable - dump it and start making a new one. You won't make a dollar turn into a thousand by looking at it but you may find the second dollar if you keep working for it.

I concur on that. . .go make the pips

Originally Posted by ;

Still in that brief from 2.0432 here myself
Was a little surprised however to find an early abort before .618 fib.

Price action rocks.

And yes, got the PM, thanks, everything cleared up. Trading remains a mixed bag, with an okay 2 weeks that could have been super-duper-stellar had I never made 3-4 bad choices. But meh.
My endgame target remains 5-10% per week . Net. Consistently.
One day

I hope you discovered the little hammers and bullish engulfments on the majority of the jpy currencies on the 4hr charts....there was additionally a couple bearish engulfments and 3 white soldiers on a number of the minor currencies....all in most an easy trading day with some rather basic candlestick formations...I banked 537 pips yesterday however some I should have let run longer then I might have made closer to 700pips....damn I wish we could have more of these days....then even the $250 accounts might be turned into millions....lol

Originally Posted by ;

I never stated makeing a liveing from a mini account but in time since it builds up and become a typical account it could be carried out. However, as mention by some one you have to take in to account of all matters like bennys medical care insurance, dental and that. As I have stated I manage to do about 35 pips per day doing two or three lots on one currency. Then I pull from it to the day. As I learn more and build up I am hopeing to do so. I mean I started off with only $300.00 and now have it build up to about 4200. Sure I've taken no longer as well losses than the usual 10pip stop loss per trade and when I do get stopped out I simply replan again but on my practice account to find out whether it would do the job I do it on my account. However, I always put myself up with a 10 pip stop loss. And I really do try to follow the fad. And I stick to one currency pair. That way I will find a better grip. But on tradeing one day I am hopeing to make a liveing. However, of course I still have a lot to understand and believe it or not I've been learning from all you guys from the factory

Hhhmmmm 10 pip stop loss is asking for trouble....the market moves 10 pips while I go and make coffee....IF you really do have a 10 pips prevent you'd get stopped out more often than not...I suggest u use a bigger stop reduction....depending on ur account...I myself DO NOT use stop losses...I could survive if the market turns 6000 pips from me....and while I wait patiently for the market to go in my favor again I still have lots of cash to keep trading....but that's only cause I think in capitilazing one's account to maximum so that you are able to weather the storms better...

I can turn $1 to $100 by using no greater than 1% margin at a little over 60 trading days, have done it many times.

Just trade strong trends, else do not trade in any way, sit idle and wait for another fad move.