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Thread: Can you get rich quickly from forex trading?

  1. #121
    1 Attachment(s) showthread.php?p=6931585#post6931585 Disliked you are able to go from $25 risk to $117,000 in 1-2 trades, with just 9 of them being victor (75% win ratio) utilizing a 1:4 risk reward and risking 50% of the overall account after each triumph Ignored If by 1:4 you imply that the TP = 4 x the SL (Van Tharp would contact that 4:1) after prices, then you would require an exceptional entry system to produce a 75% win rate.

    By method of comparison, only using arbitrary entries, gaining 1:4 r r means 1 triumph for every 4 losses, or a triumph rate of 20%. Then factoring in prices would probably lower this to ~ 15%, in case you are scalping.

    Risking 50% of your account signifies that 2 successive losses may cause trigger damage. Using Excel's binomial formulae, the chance of ruin is thus 0.999999248562504, or, in other words, of preventing 2 successive losses over a12 trade sequence is 1 in ~ 1.33 million**. XLS connected (yellowish places mean gt 99.5% or lt 0.5%).

    [** since a million seems deceptively modest, when exhibited as 1,000,000....... according to wiki, 1 regular 8oz cup will hold about 7,200 grains of rice. Therefore conquering likelihood of 1.33 million to 1 would be comparable to tipping 185 glasses of of rice in to a vat, and then picking the one 'right' grain]

    I suppose that doing the math is simpler than discovering an entry program that is capable of providing the desired effect. But then $200 has seemingly turned into $50-million, and so I think it is potential. Best of luck.
    https://forexintuitive.com/attachmen...1496086737.xls

  2. #122
    Quote Originally Posted by Andrea22_1995
    quote Are you talking about the tale I noticed - there was a trader which produced million from few hundreds in one day?
    no im saying in case you establish a daily target of 10 pips a day or 50 pips to make 10%, say your are utilizing a gambling .10 for every 1k in account, a week and did that for a couple of years beginning with 5000$ youd be a millionaire.

  3. #123
    Quote Originally Posted by Submit
    quote no im saying in case you establish a daily target of 10 pips a day or 50 pips to make 10%, say your are utilizing a wagering .10 for every 1k in account, a week and did that for a couple of years beginning with 5000$ youd be a millionaire.
    Setting a target is not the state to realize the millionaire outcome.

    Consistancy will assist a bit [</br9>https://forexintuitive.com/attachments/forex1496086727.png[/img]

  4. #124
    Quote Originally Posted by Submit
    if you'll be able to dedicate 2 years to some strict strategy you'll be able to have 1-3 million beginning with 00
    Are you talking about the tale I noticed - there was a trader which produced million from few hundreds in one day?

  5. #125
    Quote Originally Posted by JonanAltza
    quote If by 1:4 you imply that the TP = 4 x the SL (Van Tharp would contact that 4:1) after prices, then you would require an exceptional entry system to produce a 75% win rate. By means of comparison, only using entrances that are arbitrary, gaining 1:4 r r means 1 triumph rate of 20%. a triumph for every 4 losses, or Then factoring in prices would probably lower this to ~ 15%, in case you are scalping. Risking 50% of your account signifies that 2 successive losses may cause trigger damage. Using Excel's binomial formulae, the chance of ruin is thus 0.999999248562504, or, in other words,...
    you appear to neglect about scaling down with losers

    2 losses wont blow the account (unless you're just beginning yet to have any internet victor)

    the entire purpose of the this sort of cash management is that A TRIUMPH IS THE SAM E AS A REDUCTION

    all that issues is that you win 66% of the time.

    you could get a way with A51% win ratio but still finish this.. Should you operate it over a lengthy enough sample of trades

    nevertheless the target is the smallest amount of quantity of trades as potential

    2-steps forward 1 backward


    the mo-Re trades you operate, small of a win % you have to afford these results

    1:2 r/r, stop loss 50%, tp 100% ----- $50 first risk --- 1-1 web victor

    100 -win
    200 -win
    100 -reduction
    200- win
    400- win
    200- loss
    400- win
    800- win
    400- loss
    800- win
    1600- win
    800 -reduction
    1600 -win
    3200 -win
    1600 -reduction
    3200 -win
    6400 -win
    3200 -reduction
    6400 -win
    12800 -win
    6400 -reduction
    12800 -win
    25600 -win
    12800 -reduction
    25600 -win
    51200 -win
    25600 -loss
    51200 -win
    102400 -win

    20 triumphs.. 9 losses... entire profit 2000..

  6. #126
    Quote Originally Posted by JonanAltza
    quote If by 1:4 you imply that the TP = 4 x the SL (Van Tharp would contact that 4:1) after prices, then you would require an exceptional entry system to produce a 75% win rate. By means of comparison, only using entrances that are arbitrary, gaining 1:4 r r means 1 triumph rate of 20%. a triumph for every 4 losses, or Then factoring in prices would probably lower this to ~ 15%, in case you are scalping. Risking 50% of your account signifies that 2 successive losses may cause trigger damage. Using Excel's binomial formulae, the chance of ruin is thus 0.999999248562504, or, in other words,...
    not certain if you're serious or not about about this member on FF
    figuring sarcasm

    but 1:4 R/R is right... 4:1 would be declaring it backwards

    its not reward/risk,
    its risk/benefit

    Increase it to $225 and it just requires 5 net victor to get to over 0,000

    0 (risk 5) -- trade # 1 = profit 0
    50 (risk 5) -- trade # 2 = profit 00
    50 (risk 25) -- trade # 3 = profit 00
    000 (risk 00) -- trade # 4 = profit 000
    000 (risk 000) -- trade Number 5 = profit $72000

    complete = $108,000

    the bulk in this thread are not trying the 1:4 r/r though, 1:2 is considerably simpler and still provides superb returns.


    i concur its demanding to get 1:4 trades, but if individual, obtaining 1 each month is not overly challenging. Use those time frames that are huge.

    stop loss 50, take profit 200... I get that trade to work out for me all the time.


    edit: sorry i believed this was my thread Rags to Riches in 10 or 20 trades... s O in the event you dont realize parts with this post that's likely why

  7. #127
    any human anatomy can inform me how significantly expertise is required for us to get in forex trading? 1 year? 10 years?

  8. #128
    I previously trade for nearly two year but still not get wealthy nonetheless. LoL.... But I am happy i earn a full time income from here

  9. #129
    Quote Originally Posted by mpc_94
    any physique can inform me how significantly expertise is required for us to get in forex trading? 1 year? 10 years?
    There's no straightforward reply.

    Most traders are not even lucrative after 10 years ...

  10. #130
    Quote Originally Posted by sandraef90
    quote not certain if you're serious or not about about this member on FF estimating satire but 1:4 R/R is right... 4:1 would be declaring it back its maybe not reward/risk, its risk/benefit Increase it to $225 and it just requires 5 net victor to get to over 0,000 0 (risk 5) -- trade # 1 = profit 0 50 (risk 5) -- trade Number 2 = profit 00 50 (risk 25) -- trade # 3 = profit 00 000 (risk 00) -- trade No 4 = profit 000 000 (risk 000) -- trade No 5 = profit $72000 complete = $108,000 the bulk in this thread aren't attempting...
    No sarcasm meant --- I was talking about [</br8>https://forexintuitive.com/forex-trading-and-cfds/91049-mt4-trading-without-gap-and-without-excel.html[/URL]; determine for your self whether it is for genuine or maybe not.

    Any argument about 1:4 or 4:1 is with writers like Van Tharp, maybe not me.

    I have not found your other thread. Was merely reacting to the information that you just have supplied here, or a T least the way it is examine by me. Sorry basically misunderstood.

    Everything else being equivalent, the likelihood of a triumph at 1:4 will be approx twice as tough as at 1:2, but 1:4 will double your triumph size. Thus I do not believe the RR will make significantly difference that is complete.

    Using your closing example in post #126............ a T 1:2, the likelihood of a triumph (arbitrary entries) is 1/3. If we enable 5% for prices, we now have a chance of 0.28, and a binomial distribution (two results: win or reduction). With fixed frac sizing, the order of the triumphs in losses is unimportant (sorry, I got that incorrect formerly). Presuming the calculator [</br8>http://www.danielsoper.com/statcalc3/calc.aspx?id=71[/URL] operates accurately, the chance of getting 20 (or even more) triumphs from 2-9 trades is 0.00000545, or 1 in ~183,000 (or 25 glasses of of rice!). On that basis, it'd look that it is likely much less simple at it may appear.

    But of course that is assuming arbitrary entrances. A HUGE difference would be made by a great entry system.
    For instance, when you can get the win chance to say 40% (after expenses), then the likelihood reduce to TO AT LEAST ONE in ~657.
    At 50%, it is 1 in ~33.
    And the like.

    Hence I am not really wanting to state that it can not be completed. I really hope that you simply reach it --- good. sir luck, [</br9>https://forexintuitive.com/attachments/forex1496086729.png[/img]

  11. #131
    Quote Originally Posted by chicho306 View Post
    I previously trade for nearly two year but still not get wealthy nonetheless. LoL.... But I am happy i earn a full time income from here
    It's the most critical.

  12. #132
    Quote Originally Posted by chicho306
    I currently trade for nearly two year but still not get wealthy nonetheless. LoL.... But I am happy i earn a full time income from here
    I trade for half of a a yr and nonetheless McDonalds would give me higher return on investment of my time [</br9>https://forexintuitive.com/attachments/forex1496086731.png[/img]

    Living - As few added hundreds or maybe more like purchasing clothing, spending hire, heading out?

  13. #133
    Quote Originally Posted by gontxuoria
    There is an excellent reasons why the affiliate systems allow you to boost these types of websites all in the sam e program: _CASINOS _POKER _FOREX _SPORTS GAMBLING There is an excellent reasons why the US M.juradol.lopez place limitations for USA CITIZENS for POKER, CASINOS, SPORTSBETTING, and guess what?... Yes, that is appropriate, FOREIGN EXCHANGE... Get wealthy from that sort of scheme? The sole ones obtaining wealthy from it are the Affiliate Program Owners or the Brokers... Only my two cents.
    Wait a second. Poker is supply of further income. At least you and other folks are playing and your approach can be changed by you throughout the sport. There's more predictability (at least that is how I view it it as now).

    So why should we prohibit it? Yes there's commission, s O what? Banking have charges as properly, should we prohibit them?

  14. #134
    There is an excellent reasons why the affiliate software allow you to boost these types of websites all in the sam e program:

    _CASINOS

    _POKER

    _FOREX
    _SPORTS GAMBLING

    There is an excellent reasons why the US M.juradol.lopez place limitations for USA CITIZENS for POKER, CASINOS, SPORTSBETTING, and guess what?... Yes, that is appropriate, FOREIGN EXCHANGE ...

    Get wealthy from that sort of scheme?

    The only types obtaining wealthy from it are the Affiliate Program Owners or the Brokers...

    Just my two-cents.

  15. #135
    Quote Originally Posted by mpc_94
    any physique can tell me how significantly expertise is required for us to get in forex trading? 1 year? 10 years?
    It depends, You WOn't ever understand.
    Good coaching program, suitable risk management better trading plan give you fast success.

  16. #136
    Quote Originally Posted by gontxuoria
    quote Are you kidding?... Simply read this: [</br8>http://en.wikipedia.org/wiki/PokerStars[/URL] Same path for CASINOS, SPORTSBETTING, and... You know what?... Yeah, that is appropriate... Ciao.
    And how precisely did the hyperlink to the wikipedia post makes your purpose? Or would you presume I have not discovered about Black Friday? Or would you believe there's absolutely no world outside US?

  17. #137
    Quote Originally Posted by Andrea22_1995
    quote Wait a second. Poker is supply of further income. At least you and other folks are playing and your approach can be changed by you throughout the sport. There's more predictability (at least that is how I view it it as now). So should we prohibit it? Yes there's commission, s O what? Banking have charges as properly, should we prohibit them?
    Are you kidding?...

    Just read this:

    [</br8>http://en.wikipedia.org/wiki/PokerStars[/URL]


    Same path for CASINOS, SPORTSBETTING, and... You know what?... Yeah, that is appropriate...


    Ciao.

  18. #138
    Okay, you need to get-rich speedy, properly you need to work fast and wide, I presently run a network-marketing company, along with share holding, along with performing forex trading, using a place of home upkeep occasionally, in Britain, properly a T least within the west midlands we c all it ''having your fingers in a couple of pies, what I'm saying is, in case you are relying on a single system to get you fast that's explosive, then you may possess an explosive life.

    Forex h-AS produced me thousands, nevertheless, some months I free alot of funds on forex, but a T least I've some thing to fall-back on, it is difficult perform, but I'm twenty years old , as well as in a more protected position compared to the mass majority of folks, plus I've been performing profitable schemes for 4 years now, make manyincomes, consistently possess a leg to stand on! Why work difficult? Who the hell really wants to retire in this market at 124 years old?

    get your fingers in to several earnings pies, it is going to pay off in 5 to ten years, although not a day or 2!

  19. #139
    the easiest method to get loaded 'immediately' in trading is by exposing you account to less trade but the trades you consider should be quality trades that afford allot of pips.you can only just do that by swing trading

  20. #140
    No registrado
    Guest
    never concentrate on getting rich-quick like my instructor told me only concentrate on making great trades

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