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Thread: Experiment: $100 to $1,000,000 USD in 155 Steps

  1. #51
    Why was my user name changed/shortened?

  2. #52
    Quote Originally Posted by ;
    This is the account balance taken and stats so far:

    quantity of trading days in to experimentation: 7
    Steps completed: 6
    Pips gained: 144
    Initial equilibrium: $119.25
    Current balance: $170.00
    Total gained: $50.75
    Percentage increased: 29.85%
    Hello FCX,or whatever your monicker currently is,

    Should the percentage rise above not apply to your original balance rather than the current balance? That would make it an increase of 42.56%....cool!

  3. #53
    Quote Originally Posted by ;
    Why was my user name changed/shortened?
    That is wired . . The word investment isn't allowed.

    One thing I have been thinking about as I am following a similar egy to yours is that after I get to $100,000 I will begin pulling out funds and open a account somewhere else. It might mean doing two at once . . But maybe safer.


    You really do have a great broker . . But I am unwilling to trust any one broker with over $50-100.000 in the event that you have 2-3 accounts, if something happens to one, you have a opportunity to recover.

    Just a thought . .

  4. #54

  5. #55
    Something that you may want to check at further down the line in your experiment is utilizing the GTS platform to control a number of accounts at once since it seems like it is also set up for finance managers too (I use FXSol too). This way you could negate the lot amount limits and leverage issues, and make yourself feel cooler for getting winning accounts at your fingertips, haha.

  6. #56
    Quote Originally Posted by ;
    That's wired . . Possibly the term investment is not permitted.

    One thing I have been thinking about as I'm following a similar plan to yours is that after I get to $100,000 I'll start pulling out funds and maybe open an account somewhere else. It might mean doing 2 at once . . But maybe safer.


    You do have a fantastic broker . . But I am reluctant to trust any one broker with more than $50-100.000 If you have 2-3 accounts, if something happens to one, you have a opportunity to recover.

    Only a thought . .
    Actually I'm opening an account tomorrow. This will be my third account, however that I will not confuse this thread details from several accounts.

    -

  7. #57
    Quote Originally Posted by ;
    Good job, .
    Thanks MuddBuddha!

  8. #58
    Quote Originally Posted by ;
    One thing you might want to check at farther down the line on your experimentation is utilizing the GTS platform to control a number of accounts at the same time as it seems like it's also set up for fund managers too (I use FXSol too). This way you can reevaluate the lot amount limits and leverage issues, and also make yourself feel cooler for getting multiple accounts at your fingertips, haha.
    Yeah, I could do that. I have 2 stations open currently, but I don't handle them the exact same way so I haven't set them on the console. I'm not positive whether they'd let you loophole their leverage issues such as this... but it may be worth a shot.

  9. #59
    Quote Originally Posted by ;
    That's wired . . The word investment is not permitted.

    One thing I have been thinking about as I am following a similar plan to yours is that once I get to $100,000 I'll begin pulling out funds and maybe open an account somewhere else. It might mean doing two at once . . But maybe safer.


    You do have a good broker . . But I am unwilling to trust some one broker with more than $50-100.000 in the event that you have 2-3 accounts, if something happens to you personally, you have a opportunity to recuperate.

    Just a thought . .
    I agree. And with 50k-100k I'll look to escape from dealing desks alltogether.

    FXDD, IBG, WWC, MIG, GCI are a few of my pics to get largs account dimensions.

    Currently I am with WWC and MG. I got 1 but there customer support stunk.

    DAve

  10. #60
    Quote Originally Posted by ;
    Certainly I do not need to be a naysayer. I understand the mathematics - this has been attempted by me. You discover and will see the issues very fast. Do you really understand what averaging 24 pips/day means? I won't spoil the pleasure because I want you to detect it.
    Incidentally, ever heard the story of this poor guy asking as his reward in the wealthy man, only 1 cent every day but doubled each day for the entire month of May? The wealthy man laughed at the poor guy's low self esteem. He was not laughing on the 31st of May, when he had to hand around $6 million into this poor guy.
    Math Foreign Exchange can be complied.
    Nice job!
    You have told what I need to say.

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