How much capital is good to start full time trading
- Thread starter kming
- Start date
Haahaa. You are still far from being a profitable trader if you really believe that.
If you started with 1 million, you would've lost 1 million. You wouldn't have traded the same size as if you had 50k if you had 1 million.
No amount of money you start with will save you from poor discipline and random trading.
Good Luck!
If you started with 1 million, you would've lost 1 million. You wouldn't have traded the same size as if you had 50k if you had 1 million.
No amount of money you start with will save you from poor discipline and random trading.
Good Luck!
I started out trading stocks, and got about 8% every week using maximum margin for 4 months from the very first day, with no preveious literacy or real life experience.
I liquidated my positions just recently though as forex offer better leverages and therefore better oppurtunities to make bigger returns.
Im very catious though, because it is a totally different game, and much more complex than the stock market.
I started out with a demo account, and I blew away 30% of my account value in 5 hours
Im happy I didnt start out real, as I first intended to do, because of my pumped up confidence from the stock market. I did however get profitable as soon I changed my leverage from 400 to 100.
And I can further inform you that I traded with 400 to 1 leverage with gbp/jpy >P. I blame it all on the vt trader platform who doesnt let you lower your leverage if using a practice account.
I liquidated my positions just recently though as forex offer better leverages and therefore better oppurtunities to make bigger returns.
Im very catious though, because it is a totally different game, and much more complex than the stock market.
I started out with a demo account, and I blew away 30% of my account value in 5 hours
Im happy I didnt start out real, as I first intended to do, because of my pumped up confidence from the stock market. I did however get profitable as soon I changed my leverage from 400 to 100.
And I can further inform you that I traded with 400 to 1 leverage with gbp/jpy >P. I blame it all on the vt trader platform who doesnt let you lower your leverage if using a practice account.
Really, so in 16 weeks (4 months) you would with compounding have returned 342.6%.
And you did this consistently, week after week?
Lets not even get to what the compounded returns are in a year.
2 scenarios:
1). Fooled by randomness. Unlikely, but there is a possibility.
or
2). Bullshit.
Quote from Equalizer:
Really, so in 16 weeks (4 months) you would with compounding have returned 342.6%.
And you did this consistently, week after week?
Lets not even get to what the compounded returns are in a year.
2 scenarios:
1). Fooled by randomness. Unlikely, but there is a possibility.
or
2). Bullshit.
After 4 months I got 128% compounded, which then becomes about 8% every week.
The distribution is however a bit skewed.
And the average increase each day was 0.0034 excluding leverage and compounding.
0.68% a day is a piece of cake, if you know how to trade the forex. Just start a thread somewhere and you will get a lot of people telling you that they make about 400pips a month.