It is possible to turn a small forex account into $ Millions. Here is How...

prolly easier to do in markets where your broker isn't working against you (pretty much any market but retail spot fx). i don't know about monthly doubling, that's impossible to sustain for obvious reasons above a certain size. .. but doubling annually is definitely possible, within reason. it will get a lot harder as you grow

trade futs or equities. the odds are bad in retail fx. why handicap urself
 
Quote from Avid_Consumer:

prolly easier to do in markets where your broker isn't working against you (pretty much any market but retail spot fx). i don't know about monthly doubling, that's impossible to sustain for obvious reasons above a certain size. .. but doubling annually is definitely possible, within reason. it will get a lot harder as you grow

trade futs or equities. the odds are worse in retail fx
More...

Not sure I totally agree with you there....I trade both Futures and FX and the slippage for larger orders is definitely greater on the futures markets than the FX.
That being said I don't trade with retail FX houses, but unless your phone broking retail FX (as in calling and asking for specific price EG $/Yen in $100k) where your broker knows your position I can't see as electronic platforms do anything more than aggregate the total position risk to the dealer....like he really cares about another $100k shorted, when his daily flow is net $2billion!!
I use $2billion as a figure purely from knowledge of ODL securities in London....offers retail online accounts and also does huge Fund/commercial biz. But maybe thats not true of all retail houses....

Peace and Profit
 
yeah i hear ya. if you're trading interbank (not that i've ever watched it or have any intimate knowledge of it), i would assume the interference is removed, at least with regard to running of your own personal stops that i read so much about with small retail shops. if i had to trade fx, i would trade the futs
 
Let's get back to the original post by Beyonder who posted last on Feb, 27. 06 --

and not get off track. He has made a proposition -- lets simply see how it works out.. Let's observe and learn --

Back to you Beyonder -- waiting for your posts.....cheers.
 
I trade both at the moment...(2 different systems) have no probs with the futures 24 hrs...can have small issues with FX at certain times like $/SF after 4pm London time (especially Fridays) that you don't get with futures...

Horses for courses I guess!

Peace & Profit
 
Quote from pbw:

Let's get back to the original post by Beyonder who posted last on Feb, 27. 06 --

and not get off track. He has made a proposition -- lets simply see how it works out.. Let's observe and learn --

Back to you Beyonder -- waiting for your posts.....cheers.
More...

Sorry dude...thought he'd bailed!!! or blew up!! I'm moist with anticipation!

Hopefully those who have been observing this thread have learned!

Peace and Profit
 
Sorry I have not been able to post trades on my $100 dollar account. I was busy with my main account and did not want to use those trades and charts for the $100 account, I will post those charts anyway. Since the time I started the thread I have a total of + 577 pips profit but on my main account so wont count. Anyway here are the charts
 

Attachments

You must log in or register to reply here.
Back
Top