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I am getting 10% daily return on my Forex Demo account. Need Advice.
Like the title says, I am doing crazy good on my Forex demo account. I want to know is this sort of thing common and will it all completely change when I make a live account. For some background I have been only studying Forex for about 2 weeks but during those 2 weeks I have not stopped learning. I came across a strategy that is now making me 10% returns per day and I'm fairly sure I could make that number higher with more practice. Any advice with this would be much appreciated.
If I gained an average monthly return of 6% trading forex and reinvested my profits each month, would that be the equivalent of doubling my capital each year?
Gaining 6% is the same as multiplying by 1.06 Gaining 6% (and reinvesting the profits) twelve times a year would then be the same as multiplying by 1.0612 = 2. Does that mean if I were to achieve 6% a month, I would be able to double by capital each year? $1000, $2000, $4000, $8000, $16,000, $32,000, $64,000, $128,000, $256,000, $512,000, $Millionaire. Also, how hard is it to gain a consistent monthly return of 6%? Is 6% a month a realistic goal by scalping every day, placing 5+ trades in a day?
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Promised 50% returns on forex trading, and scammed
Over 2 years ago, I met this dude, he seemed to be genuine and intelligent. He showed me he had made loads of money through forex markets. I gave him a $1,000 and then few months later he returned the money as agreed with no profits due to market crashes. Then I gave him $3,000 and a few months later he returned the funds with $250 profit. Finally last year, around February he called and sold me on $3,000 and then a month later $1,000 and months later when I asked for my money back, he said the market crashed and he lost all of it. I asked for proof, he didn’t give me any. When I pushed him for answers and threatened to call the cops on his scam, he blocked me. I have no formal agreement with him, only what’s app messages, all funds were transferred though EMT. What are my options to get my money back? If not get my money back, report this individual to authorities.
06-20 06:54 - 'I trade on behalf of clients on the Forex market. My clients earn a 14% weekly profit on ROI ( returns on investment) for 12 months. For example you invest $10,000 , i would use your capital to trade for the next 12 month...' by /u/nellysmart1 removed from /r/Bitcoin within 359-369min
''' I trade on behalf of clients on the Forex market. My clients earn a 14% weekly profit on ROI ( returns on investment) for 12 months. For example you invest $10,000 , i would use your capital to trade for the next 12 months, and you would be earning nothing less than $1,400 weekly. ''' Context Link Go1dfish undelete link unreddit undelete link Author: nellysmart1
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03-08 19:14 - 'Forex trade is all about you investing your funds in any chosen broker of your choice while I trade for you as your expert trader and also an account manager to make meaningful return' (i.redd.it) by /u/jamiecollier001 removed from /r/Bitcoin within 0-9min
IMO, why stocks, while low volatility and slower returns, is better worth your time AFTER you have experience with Forex
Hey all, as some of you may know, Im the trader that uses the "rocket science" looking dashboard on my MT4 and use my custom signal algorithm for trading ive been trading with Forex for a good two years now seeing some returns, but not as great as i would like. I started trading stocks and i just "got it" and i think it was all thanks to Forex The volatility in Forex just boggles me and the direction of the lines can be extremely hard to estimate sometimes even with my system, even though its a little late in notifying me but right like 90% of the time Regular stocks, i feel like i understand a lot better. I can see the patterns a lot more fluidly and i think its because of Forex. I can make a trade by quickly looking at the 3 month, 1 year, and 5 year mark and it will be a successful trade 95% of the time for me in stocks. Of course the stocks that i am investing in BIG names (Disney, apple, microsoft, etc) are all long term holds. But the smaller companies or newer IPO's are the shorter investment. Being so used to Forex i completely forget how UN-volatile the regular market is and how much easier it is to estimate the direction of a company and their worth. I dont need indicators or other criteria to make my trade, i just need to look at the three time periods that i noted and figure out what direction the company is moving towards. Stocks just seem so much simpler to me, and ive already made more money on stock in the past 6 months then i ever did with forex. Note: I am still perfecting my algorithm for the notifications on Forex to get to me sooner. Still need a way for the alerts to get to my phone from my PC since what i use doesnt work on mobile. If you know how to get alerts on mobile from PC through mt4, please pm me
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