Myth or fact - doubling money in a month?

[Valkryder]

You belong to that group of people who are hung up on those zero’s.

Yep, like you said earlier “The zero’s determine how far you are away from that basic level.”

[system]

Yep, like you said earlier “The zero’s determine how far you are away from that basic level.”

Here is a clue for ya…

Think outside the box.

Try to allocate a bit more headspace to it and time for that matter and you might get it.

[rjm_cmyk]

I was speaking relative to where I am right now. If of course my account were $100 million, then that would be different.

Same here. I wouldn’t be here talking about forex trading for a start

[system]

Same here. I wouldn’t be here talking about forex trading for a start

Another candidate for the 95% category.

[xtraction]

I would imagine such a question as been asked, or at least pondered, ad nauseum by newbies. There’s so much “talk” on the Internet about “double your money in 30 days with this or that software”.

While it’s obvious one cannot depend solely on software, or signals, or robots to do this, is it truly possible with the proper education and preparation to double your money in a month? If it is possible, why aren’t the greatest investors trillionaires (i.e. from $1000 to $1 trillion would be just 30 doubles)?

Call me naive, but would be interested in hearing from those with experience. Thanks.

After a certain amount is reached, you will begin to hesitate - you will hit the bounds of your “comfort zone”. After another certain amount is reached, you will begin to affect the market - liquidity will become an issue. You can’t just trade $100 billion.

[Valkryder]

Here is a clue for ya…

Think outside the box.

Try to allocate a bit more headspace to it and time for that matter and you might get it.

Dear Cas,

Thank you for your constructive criticism.

Love,

V;)

[xtraction]

In it’s most basic level that is correct.

The zero’s determine how far you are away from that basic level.

A trade excecution requires different method, planning, strat and management the more zero’s there are.

You don’t excecute a 1 Mini Lot trade the same way as a let’s say a 500 Lot trade.

What exactly do you mean when you say execute? I have traded 60 standard lots the exact same way as 1 minilot, by clicking the mouse. I am not trying to sound flippant but as I understand execution, it’s all the same.

A 1% loss on a 100 Million$ account = 100k. Therefore 1 losing trade with a 1% risk per trade and you are finished.

.25% risk per trade will give you 4 straight losing trades. And you are finished.

Worth a thought…

Wouldn’t a 1% loss on a $100 million account be $1 million? 100 * 1% = 100%. 100 * $1 million = $100 million.

[Valkryder]

Wouldn’t a 1% loss on a $100 million account be $1 million? 100 * 1% = 100%. 100 * $1 million = $100 million.

Oh, don’t get so hung on those silly zeros…

[system]

Oh, don’t get so hung on those silly zeros…

[B][I]Valkryder[/I][/B]

Well…
you’re on your way then.

I wish you all the best for your journey.

[forexhitman]

im paul nice to meet you guys,
i a new forex trader learning ang hope to be sharing information with yous in the near future.

[system]

What exactly do you mean when you say execute?

To produce profit measured in pips in accordance with a chosen trading strat/trading system/design.

I have traded 60 standard lots the exact same way as 1 minilot, by clicking the mouse.

You obviously haven’t…with real money that is…otherwise you wouldn’t make such a statement as the above and you wouldn’t have asked above question in regards to trade execution, either.

Why don’t you go back to your books of theory and read a bit more about it…?

[Mrgreener]

You are very naive Im sorry to say.

Doubling your money is very easy but of course you have to take a very high risk in the process.

To risk millions trading Forex in order to double your money is futile, admittedly the more capital you have then the more money you can make, but dont get too greedy cos the market might bite you on the bum and thats not very nice!

[Chicokid]

yes that is the thread. It is rather hard to read as the jpgs don’t post the sme here as they do on the other website that I was originally witing that for, But fear not a pdf is in the works. Ken

I am eagerly awaiting that PDF as the jpg files are very difficult to follow and digest. I have been getting a start with them, but the big package will help put it all together.

Anyway as a newbie, learn to double your trial account a few times, see how easy it is

Ok its not too easy. At least I am learning, making fewer mistakes and learning the value of patience the hard way (but not as hard as losing real $$$)