It's a slow day, so I'll post in this thread, wondering what happened to Mr. Double. Did he vaporize already?
Oh no, watch, he's gonna come back saying he made another 268000% return with his 'cut profits short' and 'let the losses run' strategy.
If you ask whether it is true that it's possible to get millions with small capitals, the answer is yes. Very ture! There're even more astonishing but real stories which you may find it unbelivable. Some can manage to do so, with even less time. If you ask whether it is true that you can gain millions in 5 years starting with 5,000$, the answer is it all depends. It is always true that someone can make it. But this is not the point. The point is "can you make it?" Are you a skilled trader? Do you know how to play in the forex market? Unfortunately for someone who ask such kinds of questions, the chance is likely that it knows little or nothing about forex and is ready to lose. It's said 90 out of 100 new traders lose money (although I don't know how reliable this figures are). Some lose all their capitals. So, ... it all depends.
slow for me too,just waiting for nice set up to bet with all my money, 200:1 leverage must win this contest
I really wanted to get on with something else today but this thread has made me giggle numerous times. I just love the confidence of those that haven't ever been through the realities of a genuine career in trading. I'm not here to rubbish the dreams of any of the people who want to double their money every 5 minutes into perpetuity. However, just reading what the two main guys who are still in full belief that they can consistently get positive returns without significant drawdowns indicates that you've never been through a period of being raped by the market. There is NOBODY who has posted consistent returns their whole traidng career, certainly not long enough to get from $500 to $1m. I worked at a prop firm that employed an NLP training practitioner, had fantastic technical facilities etc. this is why I dont frown on the positive psychology these hotshots on this thread come out with, but being positive vs realistic is another thing. If you are sitting at home on the net with extreme connection speed and spread disadvantages by using a broker rather than being plugged straight into the exchange, one day, whether you choose to believe it or not, something fundamental will happen and you will not be able to get out of your position without being torn a new arsehole. Considering Mr Double has never faced the reality of real money in a position that has gone outrageously wrong and the 8 months of good work using no stops (snigger) gets wiped out, I'd like to see how the old trading strategy runs after that when you are too scared to turn your computer on, let alone leverage up the remainder of your house based on your superstar paper-trading. This, of course is based on the assumption that you dont throw your computer out of the window and follow it yourself. Little true story for you. When I started out, I tried a number of products (futures) and settled with fised interest because it suited my style. a lot of the maverick-type guys who started at the same time chose FX because the market was so volatile and it looked like there was so much money to be made there. None of the FX guys remain (despite confidence boosting from psychologists/NLP practitioner), despite one of the boys making GBP8k within 3 months trading as little as 4 lots per trade. Why then, did it all go so wrong????? Because volatility isn't necessarily your friend when your strategy isn't working and after that first blow out (which I'm sorry is unavoidable, moreso when you use a broker over the interne) your beliefs about what is and isn't possible. Right now, your inexperience is protecting you but when you see the reality of the beast, you will realise you have to change to protect yourself from losing everything in the blink of an eye. I honestly wish you luck and I seriously recommend that you have a comprehensive figures calendar at hand at all times because you have a delay on market orders of up to 3 seconds versus the thousands of traders/banks that are plugged into CME/CBOT, which is an eternity when NFP or a Humphrey-Hawkins Speech is going on.
If someone can "guarantee" 10% a month... or at least provide a "sound" plan... I'll provide you with more than $5000 capital for you to trade.... A lot more than $5000.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=69054&perpage=6&pagenumber=5 10% a month is nothing! 10% a day is easy!! 10% an hour is simple!!!