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Thread: Forex - REAL account

  1. #31
    Wizard
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    some more comments:

    Comment by Haitham653 1 hour ago
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    In summer of 2008 , I met someone who turned 1000 $ to 100.0000 $ in matter of 2 or 3 weeks ,
    He was only buying the Oil.. his broker contacted with him and asked " how you did this" ..
    Then the broker was sure 1000% it was a pure luck ..the broker advised him to withdraw the whole account but he refused , he only withdrew 10.000 $ and lose the rest 90.000 $ in matter of 1 or 2 weeks when the oil declined from 148..he kept buying the oil thinking it would reach 250...
    Easy Come Easy Go...
    Comment by Aleksey Muhanov 39 minutes ago
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    Hi all. I met someone who turned 500$ to 100 000$ in 1 week just buying eur/usd pair like a scalper...
    Regards
    Comment by Peter jcp 8 minutes ago
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    This as got interesting now - because many new traders and guys who believe everything they read will be trying to copy a similar strategy and even if they dont make 6000% in one week will think - well even if i only make 500-1000% I will be happy.
    Haitham is quite correct in his analysis of "easy come - easy go" - so if you are "into" total risk and dont mind blowing a small account in one or two trades- then try it !.
    However if we do look at it not through "rose tinted specs" - but cold hard facts - you then might not be so keen to try it if you are a trader - (and look upon yourself as a "pure gambler".)
    Most traders know that very experienced short term traders can be 75-90% correct in their analysis. It becomes more difficult over longer periods of time because there are a lot more "parameters" and other factors that make prediction more difficult - and harder to sustain.
    So I believe to get say 25 trades correct in a row in certainly possible. - Just like you can make 10 trades wrong in a row - but still have a 65% + average success rate.
    However to compound your increases on every trade you take - and maxing your drawdown without margin call - means the financial results ( not the pip sizes) need to be at the largest in last half of the trading total. Any proper techniques -- accepting 25 wins in a row - should see more increases in trades say 18-25 then for 5 - 12 - simply because of the size of the stakes - ie 100 pips at $3 dollars a pips ($300) - is still not as good as 30 pips at $15 per pip ( $450). That means the graph is wrong for a start - and with only 25 trades can the compound stats on the leverage you need achieve it - I dont know but you would not be able to do it in the US with their leverage?
    Next part - probability - for example to win the the main prize in the lottery in the UK the odds are about 14 million to one. In the US - its over 175 million to one and in the "Super Ennolotto" in Italy the odds are over 623 million to one.
    An experienced super talented "tech" trader winning 25 trades in a row in a short time period - the probabilities might only be a few hundred to one or less even. A novice trader - that might be over a million to one - but then to win then and make higher enough RR's to achieve the compounding needed - that becomes really into the realms of a "small lottery" win . Certainly possible - but so unlikely.
    Other things that are possible and probably in life - but highly unlikely are -
    1. Crossing a busy 6 lane highway at peak time - blindfolded and drunk - and living - possible?
    2. Jumping out of a plane over the rockies without a parachute - but intending to land on 20 foot of soft powder snow to break your fall - possible?
    3. Taking an electric shock of say 50000 volts - in a bath of 1 inch of water and living - possible?
    4. Trying to get out of doing any "housework" on a Saturday morning for the wife by pretending you are busy working - possible ? (lol)
    I therefore seriously hope that all new traders realise that the heading to this blog - is totally misleading and is just the same as having a bet on the horses or the lottery - its gambling - and not normal realistic trading that can be substained over a long period of time.
    Also even if you only end up achieving a miserly 1% gain every day in a trading year of approx 240 days - you have still done extremely well . And that for sure is more possible
    Comment by Janos 7 minutes ago
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    guys I really dont get the point if I wanna do a withdrawal it is a real pain for me I scalp on 10 seconds but to withdraw the money I usually have to wait 10-12 business days. So If you have 500$ initial risk capital or whatever when you double or tripple it why not initiante a withdrawal immediately ???
    I made many times on FXCM micro 1:400 from 50 to 1000 within a day (!) but then withdraw it right after!!! Of course there are traders who laughing on 1K withdrawal but please If you put your 500$ into a bank you get 2-5% interest and you safe.. trading on margin especially on high leverage is a game of timing and common sense when everything seems crazy and full of opportunities around you.

  2. #32
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    This guy just told that:
    - if he would keep his EURUSD shorts he would reach on Friday evening around +9000% (9000$)
    - he is going to beat his own record.

    I am personally looking forward to see it.
    BTW: If you read above, there are some comments finally that say "it's prossible", instead of immediate "that is BS".
    Last edited by kor4x; 03-03-2012 at 11:12 AM.

  3. #33
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    Hello would your friend be intereseted to share investor password for a fee.

    I mean for the ongoing trading week, i believe you for the results, I know somene who took $250 to $2700 in a week, but could not repeat it.

  4. #34
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    He is not interested.

  5. #35
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    kor4x i agree that results like this is possible. ive seen similar things happen infront of my eyes. def increased risk and definitely hard on psycho. watching the profit tab on mt4 def is funny/ shocking though.

  6. #36
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    Kor, is it possible to have the statement about that 25 trades as well? It would be very interesting. Thanks

  7. #37
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    ok, now that i have seen how it was done, i can only confirm that is was possible. Perfect shorts on EURUSD. If he would keep the possitions a bit longer on Friday it would be 9000$ so 9000%.

  8. #38
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    so the 25 trades were only on one pair?

  9. #39
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    yes, correct only perfect shorting on EURUSD. Perfect timed shorts.

  10. #40
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    he must be an expert on analisys in this pair, he also took a week were euro fell down of 260 pips... i would like to see a week with choppy price action and up and down movements , i would be very curious

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