Psychology is irrelevant when you know you will be doubling your money every months. Very very few can make it not because they have the balls of steel, it is mainly because their are good traders to begin with. There isnt a valid reason why you should be scared to turn 1,000 into 1 million in a fews years if you can.
I actually believe its more of an excuse than anything else, it sound better to say “I couldnt take the stress” than to say “Im a crap trader”, lol
Strategy is the name of the game 
If a trader knows what it takes to make money from the Forex markets then just any type of markets will work for him and he would know how to and when to trade.
On the other hand if a trader does not have the required skills then he would find it difficult to make any money 
These are people who posess the correct mental hardware to work smart and maintain stability and consistency.
refine their edge,
Maintain their edge.
learn to handle size properly, and know how to roll with the punches when markets change behavior.
They form a general and accumulative view which adds substance to the near-term drivers impacting their core positions and they are used to scale up into and pyramid size until when those themes or influences begin to lose their lustre.
They usually tend to be closed off to the rest of the trading world, and its hard to get them to teach you unless they personally know and like you (since teaching can be distracting, and many of them have so internalized their method that its hard for them to even teach it).
They actively avoid shining a spotlight on their endeavors for obvious reasons, but they also can’t be a**ed with all the naïve and ignorant feedback associated with thinking and operating where 2+2=5 and you believe nothing what you hear and you believe half what you see.
Maybe you forgot that it’s not possible in the long run not because it’s simple maths. nor psychological (one can overcome this). The main issue is liquidity. you couldn’t buy 100 lot orders without moving the price. Hence trading $1000 and $100,000 will be different in term of profit percentage.
Long story short, high capital traders get lower % return. Yes you could turn your $100 to $10.000 in 3 month. but not $100.000 to $10 mil.
And so, i concur to ForexNewbie that you could turn $100 to $150 by the end of the week and so another week until you have enough capital to start the living by its profit. The problem is not in the math, but the skill of the traders. How long could you spend trying to achieve that result without having an income to live at all? A common time for traders to achieve that profitability is after 4-6 years. Could you live that long without an income?
Lol, ofc i was joking, there must be a point when you just can’t take more money from markets, but this point could be really far.
forex market are the most liquid markets in the world (about 4 trillion $), do you think price will move significally with a 100 lots order? LOL, are you joking?
Even if you have liquidity problems you can divide your lots on other markets, and moving the price dont strictly means you are no longer able to profit… Do you think the big guys who move the price on stocks and other markets lose money?
Doubling your money consistenly every 8 days means taking a lot of risk. This risk unless you are trading with the “holy grail” system will destroy your account in a relative short time, this is based on probabilities, and real market conditions. The market is not perfect and can react to things you will never be able to control or predict.
It seems like most of you misunderstood what i was referring to, When i said “simple maths”, I was taking in consideration a “normal” edge and the fact that you just can’t be always right.
the common time for traders to achieve a profitability of 143464837448% return every year is forever, infinite. If you think traders with 4 years experience achieve this kind of returns you should have lost the common sense…
That is just an unrealistic approach. You don’t become the richest man in one year. Success and failure boils down to psychology and executing your trading strategy. Can you become the richest man in one year with $100? Of course not, but you can grow your portfolio over time.
no, i’m not joking. Don’t you know? on most liquid time (NY+London) , 100 lots could move EURUSD by 0.5-1 pip. That is the quite common lot you would use for a capital over $100.000. If you haven’t tried and based on just logic, maybe you forgot that 4 trillion $ is not on 1 pairs?
Even if you have liquidity problems you can divide your lots on other markets, and moving the price dont strictly means you are no longer able to profit… Do you think the big guys who move the price on stocks and other markets lose money?
I concur. Traders could diversify to overcome liquidity.
Doubling your money consistenly every 8 days means taking a lot of risk. This risk unless you are trading with the “holy grail” system will destroy your account in a relative short time, this is based on probabilities, and real market conditions. The market is not perfect and can react to things you will never be able to control or predict.
It seems like most of you misunderstood what i was referring to, When i said “simple maths”, I was taking in consideration a “normal” edge and the fact that you just can’t be always right.
A system that could return ±50% over 1 week doesn’t mean it need to be winners all the time (holy grail). It exist in fact. The problem is, it could not longer sustain its 50% return on larger capital because liquidity issue.
the common time for traders to achieve a profitability of 143464837448% return every year is forever, infinite. If you think traders with 4 years experience achieve this kind of returns you should have lost the common sense…
i concur. To achieve 143464837448% return every year is impossible. Maybe you forgot that what i’m talking about is that 4 years experience is common time to achieve a long term profitability.
Looks like you loose your temper easily. You should try to handle things cooler…
well, 100 lots with 100,000 is crazy in my opinion, unless you are a scalper looking for few pips…
If not we are again facing the same problem, too much risks.
there is no way you can move only one pair, your move will affect all the market, when you buy a pair your buying one currency and selling the other… You can’t expect to move only the eurusd without affecting other pairs like eurjpy, eurgbp, usdcad, usdjpy, gbpusd etc.
but anyway, I don’t consider 0,5 pips an important move, nothing different from the constant noice in the market or the fluctuations inbetween the spread.
We can conclude then we are speaking about an above average system. systems can have bad weeks, even negative weeks, thats why we are taking the 50% as the average returns/week on a large period of time (50%/week consistenly). We can expect from a system to lose the same % you win on average/week on a bad week. This is related about what i said before about maths. if you end 1 week at -50% you will need a 200% return the next week to mantain the 50% wins on average. What happens when you have 2 losing weeks in a row? you need to win an aditional 800% return to maintain your average. And the same proces can be explained trade by trade with in a weekly timeframe. You can win 50% one week? yes, i dont doubt it, even in 1 trade and keep your risks at a decent level. But not consistently.
All things looks easy when they have been written with excel, only taking in consideration winning trades.
But then, in the real world most people (not to say all) who open an account expecting to double it every few days, with they excel table of “expected” results on their mind, end up blowing them accounts in matter of days.
143464837448% is the roughly calculation of a yearly return if you can achieve a 50% return/week.
to calculate a return you don’t need to take in consideration liquidity, is just the same 50% weekly return expressed in different units. Saying that 50% weekly can be achieved consistenly means accepting the 143464837448% (more or less) yearly return, even if it is not achievable because of liquidity, because its just the same number… It is like counting time with seconds or years…
Yep. The truth is that my english is limited(not to say horrible) and i had no time to polish that last post, so I agree, it became too direct, and made me sound a bit rude and irascible when this was not the case.
My apologies, that was not my intention at all ;).
Of course you can turn your $1,000 into $1M in a few years and there are a few who accomplish that because they have the right strategy, execute it regardless of the outcome, understand how and when to cut losses and have the psychology or right mind set if you want. It is not an excuse, it is reality.
you must be very interested in forex, about loosing, you just have to put in hard work and be patient . If you do this you would profit in the forex world. But to be honest you will have some lose sometimes.