, Turning $300 to 100K – Testing System 42
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Thread: , Turning $300 to 100K – Testing System 42

  1. #1
    That is a log of my effort at taking $300 and turning it in to 100K in a year. First with a demo account then with a live account.


    Disclaimer: This is a log, not trading signs! That is what has happened in my adventures in FX. Forex trading comprises very high risk as well as possible high reward. This system has the potential for high margin use above what is typical normal margin risk. If you use anything in this log to your own trading, it's entirely on your own risk. You're liable for your transactions, amount of margin used, system used, etc..


    System 42, the short description.
    Make a given percentage (2.8735percent ) or more each trading day of the previous days account equilibrium. This relies on 250 trading days and has allowances for quarterly tax payments of 33% (Maximum tax potential ). Select your personal pair and trading style/system. For a $300 start your profits per day are as follows for the first couple of days and last couple of days so you can see how it functions.


    Day 1 Start $300.00 End $308.62 Profit $8.62
    Day 2 Start $308.62 End $317.49 Profit $8.87
    Day 3 Start $317.49 End $326.61 Profit $9.12
    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
    Day 248 Start $126,365.29 End $129,996.40 Profit $3,631.11
    Day 249 Start $129,996.40 End $133,731.84 Profit $3,735.45
    Day 250 Start $133,731.84 End $137,574.63 Profit $3,842.78
    Tax's QT 4 ($37,561.10)
    Internet for 250 days of trading following tax's $100,013.52


    depending upon your leverage and risk, you are eager to presume, these are rather affordable aims to reach on a daily basis. Assume 50:1 leverage and 2k trade dimensions, you only need a 44 PIP's total motion of your transactions to receive your daily profit. Trading in 50:1 leverage to produce your target will use anywhere from 15% - 50% of your account margin based on in the event that you are trying to make it all in one trade or over several transactions in a day, so there is considerable risk involved. Since the account increases in value, your margin necessary to make daily target should decrease but it will probably be over the normally accepted levels.


    System 42, the extended description.
    That is exactly what this diary is for. I'd be foolish if I thought that a trading system would not evolve over a year since the market and global economy are not static.


    System 42, the rules.
    1) Look in the information available to make your trade, plan your own trade.
    2) Make the trade, follow the plan.
    3) If you have a loss, STOP! Close down the Program! DO NOT CHASE A TREND THAT MOVED AGAINST YOU! There is tomorrow.
    4) If you have made a profit for the day and you have no open positions, STOP! Close down the Program!
    5) When you have made your profit for daily and have open positions which are adding to your profit, place SL /TS to secure your profits and continue until you are done or SL/TS activates, then see #4.
    6) You made a profit substantially greater than your target? GREAT! See #4!
    7) You made profit but haven't made your target for the day? See #1 and #4, the decision is yours.


    The hardest aspect of this system is the closing of this software. This isn't to say that you can't monitor the markets, you are simply not trading! Utilize software other than what you use to exchange for tracking so you won't be tempted to only place one more place, make a few more PIP's. For me, only the act of one more trade has killed more demo accounts than that I can remember.


    Currently I'm in search of a broker and I've narrowed it down to 2 and am demoing accounts to learn their software. When I am really comfortable with the broker and their software, I will be going live. I will be updating this diary at the conclusion of the majority of trading days.


    Feel free to ask questions and comment as I progress in this experience.

  2. #2
    I've heard a lot from a number of the next posts.

    Https://forexintuitive.com/cryptocur...ighs-lows.html an Excellent thread by FXAnalytics.

    Market Makers ECN's, Is the grass greener? No broker? Read first.

    Forex Beginner QA New to forex? Read this forum.

  3. #3
    Great luck with it! It surely can be done, however, do not presume that because you've attained it in presentation, you can reach it with real cash.
    What I suggest is try it directly with the $300, unless it is a financial burden that you eliminate those $300. ALWAYS and I mean ALWAYS trade with money you are prepared to lose.

  4. #4
    You might take a peek at Oanda.... Distribute on EUR/USD is 0.9 pip the majority of the moment, trade executions are extremely fast and you can open that 300$ account easily.

  5. #5
    The egy would be to try it with $300 or $400 depending on broker minimum. And yes this is money I can live without but would rather turn it in $100k.

    My current demo is with Oanda, but not certain I want a live account with them. Time will tell but I've had a couple of issues connecting to the server or link dropping out. My other connections at precisely the same period were OK. They appear to be doing a lot of work on the server over the past few weekends, perhaps this won't be an issue. I'm also looking at EFX.

    Also just as a note, my demo account start fund was $300 not the usual $1k-$50k so I can see where my margin could actually isn't guessing or trading past the account as I trade.

  6. #6
    Well.... No matter what happens... it ought to be fun.

    Personally, I'd rather take that $300 to a local card club...

  7. #7
    Quote Originally Posted by ;
    The egy is to test it with $300 or $400 based on broker minimum. And yes this is money I could live without but would rather turn it into $100k.

    My current demonion is with Oanda, but not certain I want a live account together. Time will tell but I've had a couple of issues connecting to the server or connection dropping out. My other connections at precisely the same time were OK. They seem to do a lot of work on the server within the past couple of weekends, maybe this will not be an issue. I am also searching at EFX.

    Also like a note, my demo account begin fund was $300 maybe not the average $1k-$50k so I could see where my margin could really is not trading or imagining past the account as I trade.
    FXTrade is much more stable, after all it's real money, FXGame is.... Well it is a sport account, it's also used to pretest the characteristics that will be added to FXTrade in the future.
    I've been with Oanda more than 3 years to get what that's worth to ya...

  8. #8
    Quote Originally Posted by ;
    FXTrade is more secure, after all it is actual money, FXGame is.... Well it's a game account, it is also utilized to pretest the features that will be added to FXTrade later on.
    I've been with Oanda more than 3 years for what that's worth to ya....
    Thank you for the info, I'll keep it in mind once I make my choice.

  9. #9
    Here's the upgrade for 1/28/2008.
    Up 4.01percent for the day, 26.51% overall averaging 4.87percent every day.
    Closed 2k, still running 4k long, up 80.9 88.9 at the present time.
    EUR/USD the pair of selection.
    Ought to be interesting with Bush talking.
    https://forexintuitive.com/attachmen...51961803224.28

  10. #10
    Quote Originally Posted by ;
    This is a log of my own effort at accepting $300 and turning it into 100K in one year. First having a demo account then with a live account.
    Let us know when you start a account. I bet that the outcome will be very different. All the best on your confidence.

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