I am going to be 18 in 6 days. I have a practice account with FX Express. I’ve even bought Currency Trading For Dummies to learn what I need to know about trading currencies. With my practice account which is like the real thing, (apart from emotions!), I have been making 10%+ compounded every day. However, I want to be a little more realistic here and say with real money, I could maybe make 10% compounded a week with real money. I want to know is this is actually possible to do when you put in real money?
Additional Information - can i transfer money from india, to online stock/commodity trading companies in USA? if yes which bank please? there are brokerags like forex.com who transfer money to international account. thats what they say. can we open a bank account in USA while i am residing in india? since i posted this post i have done a few things and i have learnt. RBI does not allow this......
- This options trading strategy works well almost too well? ok first what i do is look at yahoo market stats and see which stocks went up the most... i look at their charts and analyze them to see what they did in the past... most went up way to much so i buy PUT options for them... sure enough......
- Wednesday Lotto AU 750K Sticking with current strategy: SMALL numbers, 33 or less, having hit in the last 7 draws. A couple of odd ones thrown in. 18 games + Double up, Cost $9.15 1 6 12 18 27 33 1 6 10 11 22 24 1 6 11 12 18 22 3 10......
- Saturday Lotto AU 22Million The current Lotto Jackpot of $22 million makes playing lotto excellent value, as the true odds of winning the jackpot are around 8.5million to 1. There will probably be a few low numbers come up today, with a few coming from the last few draws, and at least 2 numbers......
3 Comments on “Could I gain 10% compounded every week by trading forex?”
why? 22nd October 2009
Hi there, glad to hear that you are able to make 10% compounded return on weekly basis. You never try the real thing, you will never know whether it work. Just do it.
I am keen to learn from you how you could make 10% everyday. if you could just share your trading method . How many hours you commit to trading, what time of the day, how big is your risk appetite , what is your profit range per trade in pip.
I know Dr Lim Ming Soon did turn USD2000 into USD1million in 18 months.
You must have at least 3 months of demo account trading before going actual trading. Dr Lim suggest doing it for 2 years to understand market move and your self on trading.
my greatest achievement is turning my losing trade into 100% profit within 6 months. doing it part time 9pm -11pm tuesday to thursday but my risk level can be as high as 80%. about 25% per trade.
jwishz 22nd October 2009
Yes, that and even higher returns are possible
jlf 22nd October 2009
Don’t count on it.