I expected this response from you. It shows that you would have to spend too much time trading and therefore I agree it would not be worth it.
Do you think you can turn $200 into $400 in six weeks?
- Thread starter TheLastBear
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I expected this response from you. It shows that you would have to spend too much time trading and therefore I agree it would not be worth it.
I turned $300 into $4920 without any leverage in 5 days, Sunday to Friday.
I actually managed to get a high of $5170 but my final trade just before the bell was a loser so it didn't reach the maximum 30 pips stop loss.
As you can see I was very lucky with the first trade as it returned almost $860 (85.8 pips) before commission, as the next trade was a loser for a maximum of 30 pips which would have taken all my deposit and left me broke. I had 25 trades with 3 losers, 2 with a stop loss of 30 pips and 1 with a stop loss of 25 pips that week.
I personally don't believe in luck, bad or good, I just know that in trading you must have a profitable system then trade it with a good plan that’s the only way you can turn $200, $2000 or $200000 in to a profit.
I actually managed to get a high of $5170 but my final trade just before the bell was a loser so it didn't reach the maximum 30 pips stop loss.
As you can see I was very lucky with the first trade as it returned almost $860 (85.8 pips) before commission, as the next trade was a loser for a maximum of 30 pips which would have taken all my deposit and left me broke. I had 25 trades with 3 losers, 2 with a stop loss of 30 pips and 1 with a stop loss of 25 pips that week.
I personally don't believe in luck, bad or good, I just know that in trading you must have a profitable system then trade it with a good plan that’s the only way you can turn $200, $2000 or $200000 in to a profit.
Hello
it depends on your money management. If you risk more then 10% of your balance it will be hard to reach this target, but if you risk more then it is possible that you can do it, but you can also lose if you did not know what you are doing.
Tipp: Always you a fixed stop and variable take profit level.
Best regards
it depends on your money management. If you risk more then 10% of your balance it will be hard to reach this target, but if you risk more then it is possible that you can do it, but you can also lose if you did not know what you are doing.
Tipp: Always you a fixed stop and variable take profit level.
Best regards
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yes i can i think its not difficult .i make from$100 to $500.just follow the forex rules ,use some good indicator ,start trade when market is open then you will be able to increase $200 from $100.
Many traders do not do what it is supposed to achieve a profit in trading. They are trading with less patience or even can not wait to get an instant profit due to a false perception of the concept of 'make profits quickly' in forex trading. They do not predict what will happen in the trading account of one or two years later when trading with emphasis on emotional way.
Trading forex is a long learning process and not instant. In general, it takes at least a year of learning, not for a week or even a day...
thanks..
Trading forex is a long learning process and not instant. In general, it takes at least a year of learning, not for a week or even a day...
thanks..
I do not think I can earn this much money in just 6 months . In 6 monts I can just make 20% of my capital as profit . having 100% profit is impossible with this experience what I had in forex trading. it will be a lucky day when I made good profit to double my amount which I not believe.
Only $200!! You can earn much more so don't worry about the figure. There is a rule in Forex market where money does not play an important role if you want to sustain in this market. If you really want to sustain in this market and want to earn lots of money then you should learn Forex trading meticulously.
To earn $200 is not a big amount it is up to your capital if you had sufficient amount as a back up you can easily take risk . it will make good money for you . with low amount i=of just 4200 you feel difficulty to turn it into double in some weeks.
As a beginner it is difficult for me to turn$200 into $400 in 6 weeks. I will not take high risk to double my amount . However experienced traders can do this practice , I will not suggest to get this amount with just $200 . Your capital should be good because you may loose your all low amount in risky trading.
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