How on earth do u know u can make 40pips then... did u play it in a demo? u are very naive to think in the real mkt things work the same: bucketshop tricks, slippage and emotions involved with having real cash on the line kick in and will make a mess of your papertrading successful strategy. If u ever decide to find a job like any other mortal that need capital would do in your pos and finally have enough dosh to open a real account u'll realize what I am talkin' about.
won't promise or guarantee you anything,the only thing i know i can do it in a long run,in a month too if you are willing to risk demo and real accounts are same,look for difference inside yourself. i have a job and it only matter of time before i have some buks to trade,but tell me how long it takes to grow 300-500 buks to some good money?
Not long if you double monthly... actually in just one year...oh you do the math ok? I'm telling you..if this were true you would be going the same country club as Bill Gates The way I calculate my YEARLY yield is money on deposit on Jan 1st and then the NAV on Dec 31 st....Divide one by the other and voila you get yield...(this assumes no inflows or outflows) BUT my trade size increases trade by trade according to the NAV in my spreadsheet. I update the NAV from my platform after each trade or interest paym't. If there were no trades that day my trade size might still increase as I get paid interest from my marketmaker daily directly to my balance. I derive this interest from the interest differentials in the pairs I hold, which might effect my NAV enough...(My marketmaker allows one unit trade size increments) This fundemental way that I manage money allows me to take advantage of compounding and at the same time produce a consistent yield, year after year...
u never had real cash on the line, how do u know? this is the mistakes n00bs make when starting out, they believe they can reproduce the same performance they achieved on paper and as soon as they go live.....boom...hello!? heart to kid!? I tell u again... u will see
What.... I only posted a few pages here in this thread, and it was real late ? Wheres your manners? Lets give this guy a chance...no one has welcomed him to ET... Welcome to ET MrDouble...and I am looking forward to your Journal. If you think you can double the money every month, maybe you will show us more than one month in your Journal and if we behave ourselves you may not leave.... You reference the 800 percenters in the FXCM contest...how did you place or did you just observe? Michael B.