How to Trade Forex with $100

Beginner Questions
166

Whilst it may not be entirely a “mathematical certainty”, I think there is an interesting point here!

This is more of a question than an answer because I have never studied the terms of these kinds of broker offers, they never existed in my early days.

But is it so that when the broker adds $300 to a $100 account then any losses are deducted from the trader’s own funds or from the brokers $300? ON other words, if losses reach $100 then the account is technically blown?

If so, then there really is an important issue here because by increasing the trader’s balance to $400, the broker is also encouraging traders to work their risk/money management off of $400 instead of $100 which is a 4x increase in risk exposure - which certainly does mathematically increase the risk of losing all of one’s original capital?

Is that how these offers work?

167

I don’t know where that table of yours came from - but none of those ar “Zero sum” - the more you trade, the more disappears from the market in the form of spreads. Many years ago, day traders aspired to S&P minis with DMA - yet they do not appear on the list - Has S&P gone bust then ?

1 Like
168

I was also wondering.

Clearly, much of the information in it is mistaken, anyway.

169

day trading these are zero sum game , the market daily basis net gains

170

You can open positions with 0.01 Lot size if your broker gives you this option.

But I think that even if you will win, the amount of the winnings is so low that you will get tired very soon because you won’t see any real money.

To understand what is the meaning of 0.01 Lot Size see below.
If 1 pip in 1 Lot Size = 10$
Then 1 pip in 0.1 Lot Size = 1$
And 1 pip in 0.01 Lot Size = 0.1$

(Of course, the value of the pip in each pair is different)

So think about how many pips you need to earn for getting a reasonable profit value.

1 Like
171

I think that the first thing that needs to be said that you can’t trade without losing money altogether. All trading strategies take into account some loss, the point is to earn more than you lose.
Sharonov above explained lots pretty well so I won’t repeat him here, I just concur, open positions with 0.01 lots if you want to trade with such a sum.

172

Agree with you, small trading capital is not a big problem if you have a good trading strategy or system.

173

Small capital isn’t a problem, for the people, who have good amount of trading skills and strategies that they could use in the Forex Market. You should gain some good amount of practice to ensure your success in the Forex Market.

174

thank you for the comment and i agree, it is good to have regular income as backup. SO LONG AS… that income doesn’t become a slush account that permanently offsets the losses. and since we are on the subject of back up incomes, it also a very good idea to have 2 STRATEGIES, one long term, (annual Goal) and one Daily or weekly goal. i usually place 2 trades, 1 keeps rolling and the other is a slush trade to facilitate a regular income, this is not the one that you are going to get rich on, it’s just one that will replace your income or at least in part.

175

No its not deducted form the traders account as you stated

it works like this… STEP BY STEP (for the benefit of the beginners)

  1. A Beginner will show interest in a brokerage

  2. Beginner will open a DEMO Account

  3. Said Brokerage will assign an Account manager to pester the “Firetruck” hehe out of said Beginner, or…
    to APPEAR as if Said Account manage is Beginner Best friend and as if the account manager has Experience beyond the stars, Generally they know stuff all and you’ll be luck if they have any clue about trading to begin with
    they do however know how to talk the talk

  4. Account manage has a goal, GET THE BEGINNER ON A LIVE ACCOUNT ASAP

now.
5. To add frosting to the cake, Said Account manager says something like this
"Joe Blo you seem like a cool bloke mate, look, i’ll tell you what i can do. we, as employees get access to company trading accounts and we have access to initial funds if we want to trade our own accounts. what i can do for you is this, i can take my employee benefit for this month which is $300 and i can put it in your account, BUT… YOU HAVE TO OPEN A LIVE ACCOUNT TO BEGIN WITH SO I CAN PULL IT OFF, just deposit something small, like $100 and i’ll put an extra $300 into your account"

THAT’S HOW IT’S DONE hehe
in some way shape or form, regardless of the BS story that is told, this is what is done

LEGALLY: the account manager usually is not allowed to trade at all or hold a forex account elsewhere (if they are allowed to trade within the company to begin with).
but. WHO REALLY COMPLAINS ANYWAY.

and as far as Regulation is concerned… hehe What a joke.

so… now

  1. Said Beginner has $400 and is ready to become a bloody millionaire hehe
    they figure this

LISTEN CAREFULLY BEGINNERS
HERE IS THE TRICK TO IT

You will say to yourself… “cool. so i have $300 that is not mine, ok, what i’m going to do is this, i’m going to make double that, so i’ll get to $800 or $500 then pull out $100 and then. IT’S ALL PROFIT” hehe

now… THEORETICALLY… YES IT IS
REALISTICALLY … Not a bloody hope in the world hehe

oh. also, When he deposits that money into your account
YOU ARE NOT ALLOWED TO INSTANTLY WITHDRAW YOUR $100

you’ll be placed under an agreement (if you get an introduction bonus) best case scenario… You cannot withdraw a cent until your balance gets to $1,000
BECAUSE ACCORDING TO THE MATH, you won’t make it there

if however YOU DECLINE THE INTRO BONUS (Which honestly, should be everyone’s policy) you are then free to put money in and take it out whenever the bloody hell you feel like it,

now. as for losses and how it works

if you have Account Balance $400
you blow $50
you now have a balance of $350
now here’s your question
if you blow another $50… IS YOU ACCOUNT BLOWN… ANSWER : No

(at least not with a reputable broker)
a reputable broker will create the IMAGE of honesty, so…
they WILL HONOUR the agreement that you can if you like
now, loose another $300 and be left with $50 and that’s fine

and let’s now say that from that $50 which isn’t yours, let’s assume you make a million dollars (you won’t, but let’s dream for a second)

THEY WILL

  1. HONOUR THE TRADES
  2. YES THEY WILL PAY YOU 1 MILLION DOLLARS INTO YOUR ACCOUNT

so… the intial offer is valid and counted as your money

NOW THINK ABOUT THIS LOGICALLY
because that is the case and they do it liberally

don’t you think there is a method behind the madness
ANSWER : yes there is.

it’s a trick
you see

HERE IS HOW EVERYONE SHOULD ATTACK A FOREX PROBLEM

  1. Pull out your calculator or spreadsheet NOW
  2. if your initial investment is $100 YOU MUST PROTECT THIS (this is called Risk Management)
  3. if the broker gives you +$300 you have a $300 Safety barrier
    so… Your goal is CALCULATE RISK BASE ON $300

but… YOU WON’T

HERE IS WHAT YOU WILL DO

  1. You won’t understand leverage
  2. You won’t understand Risk Calculation
  3. most of all, YOU WILL GET GREEDY, don’t fool yourself. ok

so you’ll do this

Step 1. let’s say you are trading EUR USD
at first you’ll be scared and you’ll put a min amount of lots on, YOU’LL PUT 1 TRADE DOWN for 0.01 Lots
which is 10 cents per pip (as per your training in babypips)

you’ll set a goal for , let’s say 10 pips
so… your gonna make $1

Step 2. let’s say it takes 2 hours to make those 10 pips
You are going to say to yourself “Firetruck this” this is taking too long
i’m gonna ramp up the lot size,

Step 3. You’re gonna say something like this
"hmmm, i’m got $400 here, so … let’s say that $1 per pip SHOULD BE OK, so let’s try for 10 pips and we;ll make a modest $10"

my input to this is… ARE YOU BLOODY CRAZY or what ?

step 4. HERE IS WHAT YOU , AS A BEGINNER, DOES NOT SEE when you do this
if the market goes in your favour, it’s ok, to a point, you get your 10 dollars and you do it agian,
but this is inevitable to fail

but here is what will realistically happen
YOU GUYS DO NOT UNDERSTAND HOW “ORDER FLOW” WORKS
go and research ORDER FLOW

so when you enter a market, to some degree, you affect that market, if you are buying, SOMEONE HAS TO SELL
if you are winning, SOMEONE HAS TO LOSE FOR YOU TO GET PAID
so… when you enter with a trade size of 0.1 lots ($1 per pip)
let’s say the market goes 50 pips the wrong way, which is very common
or let’s say it’s 100 pips, which is also common, anything up to 150 pips is common,
so… ok

you shit yourself and you just lost $100
that’s 1/4 of your account… OR IS IT

ACTUALLY… IT’S 100% OF YOUR ORIGINAL INVESTMENT to be honest about it

the broker see’s your habits and SMILES
because they know if you continue like this, you are gone in less than a week

so 2 things comes into it

  1. MATHEMATICS
  2. HABITS AND EMOTIONS

and the statistical likelihood of losing can be calculated mathematically BASED ON A PERSON’S PSYCHOLOGICAL BEHAVIOUR AND EMOTIONS

this is why it is mathematical certainty that you will lose if you start with less than $1,500
let alone under $500

and let’s say BEST CASE SCENARIO
you are emotional strong and can control your emotions
and let’s you are a mathematical genius and have done the right thing and calculated your risk perfectly, which THERE IS NO WAY AS A BEGINNER THAT YOU WILL DO THIS… hehe
but let’s says you have

one thing remains…
YOU ARE A BEGINNER, and they have been doing this stuff for over a hundred years. you have no chance.
you will inevitably make a beginner mistake (Because this is how you learn)
and in that mistake THEY WILL TAKE PROFIT

so what sort of risk should take
people usually say 10%, 20% hehe that’s nuts

Never go above 3% of your account balance
NOW LET ME SHOW YOU ANOTHER BEGINNER MISTAKE

Let’s say i was one of those forex companies that says… pay me $2,000 and i’ll teach you to trade
(Pretend like you just paid me $2,000 ok WORK WITH ME HERE)

now… i tell you as a mentor
"Manage your risk"
and you say "oh, ok, thanks i’ll go and do that"
then you say "Martin what do you think is a good risk "
and i’ll say “No more than 3%”

so you’ll do this

Calculator out
ACCOUNT BALANCE = $400
1% X 400 = $4
therefore $4 x 4 = $12 (3% risk)

AWESOME, so now you know that you can only risk $12 per trade
so, you’ll put down 0.1 lots or even 0.05 lots (50 cents per pip)

now… at the end of the trade, if it goes against you, you’l lfind that you probably lost $30 - $40
now… what happened ?
and you’ll blow your account like this and then…
you’ll come back to me and say “what happened,” and i’ll reply “you didn’t manage your risk properly” HEHE

Standard industry BS to throw the buck onto you
and WE CAN PROVE IT

here’s proof
IT IS ACTUALLY YOUR FAULT

look

3% x $400 = 12 dollars total Risk per trade

now since 100% divided by 3% = total number of times you can lose in a row until you blow your account
answer = 33.3333
meaning, you can stuff up 33 times in a row before you account is blown

NOW I’LLTELL YOU RIGHT NOW BEFORE YOU EVEN PUT DOWN THE FIRST TRADE

as a beginner you could lose over 50 trades in a row before you even learn how to do this
THAT’S WHY THEY KNOW YOU’LL GIVE BACK ALL THE MONEY

so the solution here is Lower that 3% to something like 0.01% when you start

now, you have $12 per trade that are risking
BUT THE CATCH IS YOU NEED A TRADE PLAN
and you won’t do that

that’s your first mistake

then
you’ll guess the lot size based on a gut feeling
SECOND MISTAKE

finally, you don’t understand that RISK IS NOT ABOUT TAKE PROFIT
it’s about STOP LOSS

here is a trade setup to explain risk to you

Take profit here (10 pips when buying)

Enter here ----- 0 Pips (we are assuming 0 pips spread)

Stop Loss is here (-10 pips)

to calculate this correctly this is what you do

  1. I have $12 to risk
  2. My stop loss is at -10 pips
  3. so… $12 divided by 10 = $1.20
  4. so lot size = 0.12 lots

so… the THEORY IS… if your trade goes against you by NO MORE than 10 pips, you will lose NO MORE than $12

THERE ARE 2 PROBLEMS HERE

  1. the closer you put your stop loss to your entry THE HIGHER THE RISK OF BEING TAKEN OUT without reason

  2. if you develop a habit that YOUR TRADE SIZE IS ALWAYS 0.12 WATCH WHAT HAPPENS NOW

SCENARIO 2.

you decide, i’ll put my stop loss lower so it doesn’t get taken out

so you put it say 100 pips below the line and your take profit is at 50 pips
and you feel like a GOOD LITTLE VEGEMITE
you’ll say shit like “I have a risk to reward ratio fo whatever” hehe… Good for you, here’s a cookie … it doesn’t mean anything.

because let’s do the math on 100 pips stop loss

if you set your trade size to 0.12 $1.20 per pip
and it goes 100 pips against you

YOU JUST LOST $120 not $12

this is the part where you will be saying WTF, how did i just lose over $100
and… voila you just lost over 25% of your entre account, NOT 3%

what you should have done was this
$12 divided by Stop loss of 100 pips = 12/100 = 12 cents per pip

so… Your lot size is 0.012
oops… but look at that, you can’t do 0.012
so… Your choice is 0.01 or 0.02
YOU WILL CHOOSE 0.02 because it sounds like a small amount

in actual fact you are trading at 20 cents per pip instead of 12 cents per pips
after 100 pips this means they take $8 extra off you because you were too stupid to work it out

so, to summarize this monster post

IF YOU START WITH $400
AS A BEGINNER
to manage risk correctly, YOU MUST START WITH A LOT SIZE OF 0.01

but again… as a beginner you are going to make more mistakes and you will lose more than 33 trades NO QUESTION ABOUT IT

to put it simply
the way you know you’ve got it is

IF YOU CAN TRADE SUCCESSFULLY AND PROFITABLY FOR 6 MONTHS WITHOUT BLOWING THE ACCOUNT
so… can you NOT LOSE 33 trades in 6 months as a beginner… answer NO

now let’s say you manage your risk and you risk 1%
but… YOU CAN’T… SEE

because 1% of $400 = $4
if you are conservative about your stop loss, it should be at around 50 pips
so… $4 divided by 50 pip = 8 cents per pip

SEE… YOU CAN’T DO IT
it has to be a min of 10 cents per pip

so… ok you raise your stop loss a little
but THE MORE YOU RAISE IT, THE MORE LIKELY IT IS TO GET TAKEN OUT
AND… YOU STILL LOSE

the reality is
You’ll get frustrated at the small wins and want to win quicker … hence EMOTIONS AND GREED
you’ll increase the trade size to something like 0.05 lots
well, if you do that
Mathematically you just stuffed yourself
ONLY 2 THINGS CAN HAPPEN NOW

  1. YOU HAVE TO SET A REALLY TIGHT STOP LOSS in which case it’s a very high risk
    or
  2. YOU WILL SET THE STOP LOSS WHERE YOU WANT IT , BUT… WHEN THEY TAKE YOU OUT,
    YOU WILL FEEL IT IN YOUR POCKET, you will suffer losses in excess of 30% per trade
    meaning… 3 or 4 Losses = BLOWN ACCOUNT

Make no mistake, it is a mathematical Certainty and a psychological certainty that you will lose if you start with less than $1,500

LISTEN CAREFULLY NOW

PEOPLE WHO DO NOT HAVE $1,500 (Actually $5,000 or more) to start with are in financial shit to begin with
and
they are there because of THEIR HABITS

THOSE HABITS WILL WORK TO THE BENEFIT OF THE BROKER
hence… YOUR PSYCHOLOGY WILL WORK AGAINST YOU

there is a solution…
here’s the answer

CHANGE YOUR HABITS
TAKE THEIR POWER AWAY FROM THEM
TAKE WHAT THEY USE AGAINST YOU, AND LIMIT THE TOOLS THEY HAVE

this means

They use Low balances - People who start with small account lose
SOLUTION : Start with a larger amount

They use your greed
SOLUTION : don’t be greedy, master this.

They use your depression
SOLUTION : Become cold towards money, whether winning or losing, do not even react to it. THIS IS THE HARD PART

they use lack of planning against you
SOLUTION : Plan your trades and religiously stick to your plan

they use confusion against you
SOLUTION : when you are winning and it turns around the other way DO NOT STOP YOUR TRADE… DON’T BE STUPID
they do this because they don’t want to pay you and technically if you close the trade they win, it’s a mind game.

their job is to confuse you when you are correct and to keep you in your current frame of mind when you are wrong.
the solution is… PAY ATTENTION TO YOURSELF WHEN YOU ARE WINNING AND LOSING AND MONITOR WHAT YOU DO AND LEARN FROM IT

When you decided on a trade, hold the trade no matter what
this should be a very robotic and rigiid and logical decision
LIKE THIS

in a trade only 3 outcomes are possbile after starting the trade

Outcome 1 : your take profit gets hit and you win
Outcome 2 : your stop loss gets hit and you lose
Outcome 3 : nothing got hit and the trade is still rolling

nothing else is possible except for
outcome 4. USER CLOSED THE TRADE MANUALLY (don’t do this, this is stupid)

NOW. if you take away these powers (if you will) from the broker (These Advantages of greed and psychology) you GREATLY INCREASE YOUR CHANCES
this is also a form of risk management

now let’s look at binary options for a second and why there are so stupid

in Binary options YOU MUST BE CORRECT IN YOUR GUESS… TO THE SECOND
because of the short time frame you cannot research anything , that’s a fact
because of the short time frame most indicators mean nothing, it’s just a game and you are looking at screen candy
trades happen quickly, meaning you are put in a situation where you habit is TO REACT AND NOT TO THINK.
this increases the chance of loss

so HAVE WE LEARNED ANYTHING FROM ALL THIS TYPING HEHE
it’s a mathematical certainty

but, ONLY IF YOU ACCOUNT FOR EVERYTHING, INCLUDING EMOTIONS
if you just look at it financially, it’s a great risk

if you add emotion and psychology to the calculation with a start balance of under $500 IT’S A CERTAINTY for a beginner

as a quick experiemnt

IF YOU HAVE EXPERIENCE (as i do)
can i start with $500 and bring it up to say $3,000
YES I CAN

but i have like 7 years or so expeience hehe
it’s a lot different

and even with me with a balance under $300 there is still a degree of risk and t times, i won’t be able to control it either
however,
chances are

because i disconnect emotionally
becasue i know what to look for
because i calculate risk

chances are i could probably make it without blowing the account
you see, i win around 17 out of 20 trades that i place
on a bad day i’ll win 14 out of 20 approx

when i was a beginner this ratio was more like
40 lossees out of 50 trades
or maybe 8 or 9 losses out of 10 trades

HOPE THAT HELPS EVERYONE

1 Like
176

You’re correct, but beginners are not experience and if the broker knows that the person’s account name does not show up in the brokerage and based on how the person speaks, the broker knows they are a beginner, the system is designed to take beginners for a ride to ruin until they learn or give up.

177

Not one bit. In fact it bored me to death after step 3. Have to go kill myself now!

1 Like
178

Falstaff
LOL
ok let me say it like this

  1. is it worthy of CONSIDERATION ?
    yes, anything is worthy of consideration

if i told you i was going to sell you a slice of bread for $1 Million Dollars, this is still worthy of consideration.
now before you go saying
"Martin, but that’s not what i mean"

i know what you mean… all too well
so let’s address thsi

  1. what YOU mean is a relative term because i would consider the above scenario, where as you might say ,
    martin i wouldn’t even consider it, it’s stupid
    and this is the fundamental reason behind how PENNY STOCKS work. hehe

you get a person who is open minded enough and stupid enough and you can sell them penny stocks.
see how that analogy works ?

  1. let’s ask a better question
    "Martin should i as a beginner trade nano account if i want to eventually make serious money"
    ANSWER : without going into the topic of deifning what is SERIOUS MONEY (Again a Relative Term)
    that answer is NO you should not

the reason is… first of all, Trading small accounts means you have small habits and your goals are not big enough

Secondly, Mathematically , it’ll take you forever to achieve any kind of decent result

there are patterns in forex
like this one
if someone trades BINARY OPTIONS they have a gambling mentality, they are unrealistic, they have blinders on to the world. if a person considers binary options a good option, they are destined to lose all their money (and they won’t tell you they lost it all)

people who trade nano accounts DO SO BECAUSE THEY DON’T HAVE MONEY
and the fact they dont’ have money means their habits are out of whack

People who trade with a min lot size of 0.01 (or … anything less than 0.05) are MOST LIKELY going to lose their money (but, it is dependant on what the account starting balance is)

i mean, if you put in $50,000 and you are trading with 0.01 lots and your stop loss is at say… 80 pips.
Your risk is managed very well

but again… it takes a certain person to actually have $50,000
it also takes a certain person to have $5,000 which is not a lot (but people consider it a lot)

i believe everyone should start with $3,000 to be on the safe side and it gives you options to alter your trade during times when things are good and profitable and to minimize it when times are bad or stay out completely
and when the crap hits the fan and a stupid news report comes out and something shoots 200 pips in the wrong direction

SHHH… here’s a secret hehe
if you hold the trade, IT WILL ALMOST ALWAYS (But not always) Eventually return back to the point where it started so you can at the very least break even

but THIS DEPENDS ON THIS
you have to have the capital to hold that trade,
so if you started with $400 You’re stuffed
if you started with $3,000 you’ll be fine (ASSUMING YOU CAN RIDE THE EMOTIONAL ROLLERCOASTER) or ignore it completely

but, that’s a fact
feel free to test it on demo

do this

Pick a Major Currency
and literally flip a coin to choose buy or sell (heads = Buy, Tails we sell)
Regardless of market conditions, Regardless of anything… ok

just go in blind, don’t give two craps and pick one

another experiment is
pick the opposite direction to what you think ON PURPOSE (Aim to lose) see if you can… hehe

now. IF YOU HOLD BOTH TRADES LONG ENOUGH
IT WILL RETURN TO HAVE $0 lost (Even money)

so, if you are smart you’ll use this as a back up plan

now… the brokers know this
so here is what they do to stuff you up

They scare the Shit out of you while it’s going against you
THEIR GOAL IS TO HAVE YOU HIT THAT CLOSE TRADE BUTTON
they play with your emotions and people fall for it all the time

SOLUTION : if you ignore this trick, they are powerless (to that extent anyway)
you won’t lose the money, but… you won’t win either,
which is still a good thing

this is a good trick to have up your sleeve
most people don’t think to do this

CONSIDER THIS ALSO
when was the last time you heard a person give you a sob story about winning… NEVER … RIGHT ?
but what about those horror stories of losing, Plenty

you know why ?
no one ever practices Damage Control
no one practices WHAT WILL I DO IF I GOES 50 pips against me… 100 pips… 500 pips against me

but look at what happened in GREXIT a few years back
i personally went through this

I KID YOU NOT
i’m a beginner at this time
i have a trade down, No Stop Loss (First mistake)

i’m in profit by around $50 starting with a $300 account or there abouts
now LITERALLY IN LIKE 4 SECONDS
THE PRICE goes like 300 pips in the wrong direction… BOOOOOMMM goes the account balance
and i can assure you that the feeling you feel cannot be described in this forum hehe
WTF doesn’t really say it correctly

and you know why this happened
because… i didn’t consider for a second that it would EVER IN A MILLION YEARS go 300 pips out of whack
but it can
the largest i’ve seen is around 450 - 470 pips the wrong way, i have never seen 500 pips the wrong way on a Major Currency pair regardless of the economic climate

sorry though, i digress, but i thought this was worth a mention
but to answer your question
there are very good reasons why nano accounts are not the way to go (unless you are a broker hehe) there… yeah … go for it

Look, here’s a plan for success

  1. Learn to trade and be consistantly profitable, even in small amounts

  2. BE CAREFUL HERE… ok . Use OTHER PEOPLE’S MONEY to fund your account (does this sound malicious ?) or like a scam… maybe… BUT IT’S NOT

  3. what you do is… ensure you can make money for yourself with something like $2,000 and let’s say you can ensure that you make $10 a day

  4. now get yourself 10 people to invest $1000 each into you (you now have a $10,000 Account), it’s likely you’ll find a lot hehe

  5. the deal is… ensure that you don’t stuff them around and ensure that you GUARANTEE THEM their payout.
    because THEY ARE NOT TAKING RISK, THEY ARE THE INVESTORS

now… Because they are doing nothing but funding and sitting on their arse and waiting for money to come in…
they deserve a smaller payout than you. BECAUSE IT’S YOUR WORK AND YOUR EFFORT, it’s not a scam

  1. so let’s say you can pull in $20 a day without a problem
    well, pay them like $2 a day and keep $18 a day for yourself

now let’s do some math
THERE ARE 245 TRADING DAYS IN A YEAR (not 365)

so… an investor would get $2 per day x 245 = $490 in one year
DOES THAT SOUND LIKE A LOT
most people say this “oh what, i want more”

here is what you say in return
"Piss off, you are only sitting on your arse and doing nothing and getting free cash guaranteed" (Well, actually that’s what you are thinking, hehe)

what you say is this…

“the bank will give you approx 2% interest per year on a term deposit, now if you work that out, … on $10,000 that’s $200 at the end of the year hehe”

so… if you give the bank $10,000 and only get $200 back after 245 days
well.
let’s standardize it
you are giving them $490 for a $1,000 investment after a year
so if they gave you $10,000 it would be like getting $4,900 for the year

so it’s a bloody good return
tell them to be quiet

now, what you get is this

PER PERSON
$18 a day x 245 = $4,410 per year

oh wait… hehe
but YOU HAVE 10 INVESTORS… Remember
so $4,410 x 10 payouts = $44,100 for the year (that’s a pretty decent average wage)

those investors will be proud as punch
they will in turn call all their friends

if each one brings 3 friends Your income is mutliplied by 3
but THEIR PAYOUT IS NOT MULTIPLIED,
instead, there are more people you have to pay out, but it doesn’t matter

so… all of a sudden you’re on $132,000 a year

NOW STEP BACK A SECOND… ok
what did it take to get to this point

  1. Learn to consistantly and safely make $20 per day
    THAT’S IT

forget trying to make $900 a day when you are a beginner
if you can even ensure $5 a day consistantly and you can maintain that for 6 months, You have a success strategy .

DOES THAT HELP AT ALL hehe

179

hehe
make sure you manage your risk of killing yourself correctly
if you don’t , you might not do it correctly LOL

HEY DUDE. seriously though
i know it’s a long post
but do you honestly expect me to explain to a beginner in 5 or 6 lines what i’ve learned in 7 years.
no way in the world mate.

bottom line,
if people don’t want to read, they shouldn’t trade, because forex involves reading and learning
you can learn and hopefully be profitable or you can (as you put it) go kill yourself… hehe

or you can lose your money then… go kill yourself hehe (seriously though, don’t do this. Listen to heavy metal… IT DOES HELP when times are tough \m/ \m/

1 Like
180

Seriously bro. You have a problem.

Unfortunately, the world isn’t black and white and the target audience doesn’t have the mentality. Hell, I’ve been at this gig for 5 years and don’t understand, what chance has a newbie.

1 Like
181

What problem do i have ?

first of all, Kudo for dodgy brothers hehe

secondly, mate, i don’t know what you are not understanding.
the comment means
if a person is too lazy to read something, IT THEN PROVES that they will in turn be too lazy to research stuff
hence… they should trade

what’s unclear about this ?

Listen mate, Given your last comment and now this one
Maybe it’s best you don’t talk to me anymore
what do you reckon ?

182

and you’re right about the 5 year thing
if you haven’t got it in 5 years, what chance does a newbie have
little to none

183

I reckon you don’t understand dyslexia. It also means I shouldn’t be able to recognize patterns.

And its also alright to disagree. Especially on a forum that has no value.

184

yes it is alright to disagree
but when you call someone a DIRTY TROLL, You’re not really disagreeing , Are You?
You’re being Rude

and let’s not forget that he’s a 16 year old kid
and i’m 44
so… i don’t need the bullshit that would come from a stupid comment like what you made… GET IT.

Disagreeing is one thing, FEEL FREE TO DISAGREE

but you are just being rude, Plain and simple, and YOU KNOW IT… so why are you playing like you don’t ?

mate i’ve been coming here for years
you are the first guy to have a problem with what i said… EVER
it’s not me, it’s you

185

Falstaff wrote ;

MartinK wrote ; it’s because they know that if you start with $400 it is a MATHEMATICAL CERTAINTY that you will fail

so.... RULE 1 : do not start with anything less than $1,500
if you can't afford it.. FOREX IS NOT FOR YOU

FAlstaff wrote

Are you saying that all the “nano accounts” out there are not worthy of any form of consideration ? or is there some other reason why “It is a mathemetical certainty” ?

New post ;

@anon81929759 , Martin, I thank you for your lengthy reply, some of which I found interesting.

However nowhere did you expand on Why you think it is a “Mathematical certainty” that small accounts will always go bust as you asserted.

And sadly your observeations on nano accounts was less than convincing to me.

The OP asked a question, which you were responding to in theory.

You also stated that trading a $50,000 account at a level of 0.01 lots (Approx 1 cent per pip ?) with a stop loss at 80 pips is “Good” risk management !

In fact, with those proportions, I would say by far the biggest risk in such a situation, would be that the Broker could run off with your money !

To reach the usually quoted 1-2 % of account value for trades, you would need severa lbets running at once - 1% “total risk” would need over 600 such bets running concurrently. A suitably kknowledgeable and experienced manager might be able to manage such an enterprise - but this is more in teh realms of professional Hedge fund management and Hadging principles would need to be understood.

On the other hand, 0.01 lots with a 80 pip stoploss (Risk 80 cents [PLUS SPREADS] on each trade) may be more appropriate for the original poster, with his $100 to squander :slight_smile: