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from 1k$ to 20$ per day

  • #61
  • Jun 23, 2018 8:38am Jun 23, 2018 8:38am
Quoting pgburty
Hello ,,, I lost my job last week , I have been trying to fit trading in around my job , but now I have no job , I have to make trading work, I only have enough money to last until next weekend, so I must earn and transfer to my bank, initially on a weekly basis. I started with £129.00 and I have trebled my account this week. I am combining 5 pip Renko with my MT4 platform (EurUsd ), I intend to further double my account by Tuesday next week ( provided the price moves). When I have achieved this I will share my system with you, if you want, should...
Don't do it. Sure, you might win next week. And, the week after. But without proper money management in place you're going to come a cropper sooner or later.

Are you in the UK? Can't you apply for emergency benefits whilst hunting for another job?

This is only going to end in failure, otherwise. Sorry to say.
  • #62
  • Jun 23, 2018 9:14am Jun 23, 2018 9:14am
If it would be possible people would bust their a*s to get 10k or 100k and then earn 100 or 1000 per day. And starve to death or drown in carbage - no one would stuff shelves or collect dumster pins. But funeral business would bloom, can ask 100k cause every damn corps is bloody rich.

So if you think it is possible, invest into shovel, I´m sure you can find one for less that 10USD in supermarket. U´ll be rich soon.
F_ck your analysis, I know exactly where the market will go. To the right.
  • #63
  • Jun 23, 2018 9:38pm Jun 23, 2018 9:38pm
I think by now you have lost that 100$ also. Being desperate is the most dangerous things. You will never be able to success in life if you are desperate for it. Trading is for those who have idle money and enough time for learning. You can follow a good system made by anyone but you can't get his/her trading psychology. It comes from study, research and practice.
  • #64
  • Jun 25, 2018 11:21pm Jun 25, 2018 11:21pm
Quoting Taxi Driver
If it would be possible people would bust their a*s to get 10k or 100k and then earn 100 or 1000 per day. And starve to death or drown in carbage - no one would stuff shelves or collect dumster pins. But funeral business would bloom, can ask 100k cause every damn corps is bloody rich. So if you think it is possible, invest into shovel, I´m sure you can find one for less that 10USD in supermarket. U´ll be rich soon.
That is absolutely true. No such thing exists. Trading is not just about a good system/strategy. There is lot more things you need to achieved. It needs time, efforts and dedication to achieve those. First you have to accept the fact that trading isn't easy unless you are skilled enough.
  • #65
  • Apr 1, 2019 6:40am Apr 1, 2019 6:40am
Quoting AgusKurniaw
{quote} That is absolutely true. No such thing exists. Trading is not just about a good system/strategy. There is lot more things you need to achieved. It needs time, efforts and dedication to achieve those. First you have to accept the fact that trading isn't easy unless you are skilled enough.
Of course; there is no shortcut way of money making in Forex; it takes time to understand the market.
  • #66
  • Apr 4, 2019 11:46am Apr 4, 2019 11:46am
Forex trading is a marathon, not a sprint and it should never be treated as the latter if you want to profit.
  • #67
  • Apr 8, 2019 7:04am Apr 8, 2019 7:04am
Its quite unfortunate that you've had to go through so much loss. However, I must admit that you are better and stronger than most people who quit after losing. I fully support those who advise you to have a relaxed state of mind and not trade out of desparation. It can cost you a lot. Take up the offer and work from demo first
  • #69
  • Apr 9, 2019 4:27am Apr 9, 2019 4:27am
it looks a unrealistic trading target , generally we traders lose by and large when making immature plan which always make us emotional and greedy. so should make always trading plan that can be easily achieved.
  • #70
  • Apr 10, 2019 3:17pm Apr 10, 2019 3:17pm
Don't play with it on money you need for the living!!!! Is that your last $1k left of your total money, then just do something else. It's not easy or achievable to get steady $20 day. Just be realistic here and go get a job if you do not have one yet or lost. Then when you'll have some go and play with it! Only that way
  • #71
  • Last Post: Oct 2, 2019 2:18pm Oct 2, 2019 2:18pm
Found the thread... First though it was about 1k->20k per day It is possible btw Just don't know for how long, how many times..
Then noticed the 20$ (without k) and thought about the story how one got busted... lost almost full 1k Now I see that we are basically talking about 2% per day
Some beating around the bush... This would be rather risky... if you can accept it.. If we are really talking about real 2% per day... meaning you actually make 2%+ trade per day and not just coin-fliping account/position to the max... get to 100%, divide by certain days and claim 2%+ per day (average).
If you can make 2% per day consistently (with low DD).. you would be drowning in money very soon

And yeah, would not play with food money for it... Focus on the performance.... like return-dd over certain time, number of trades... and IF you can make it.. the money will find you.. If you can't... be happy it was just a small or demo account
Can you afford to take that chance?
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