I really hope that everyone will read this answer, it's the best in the whole thread, because it explains what many believers in this type of money management are saying since the beginning( including me). Thumbs up Pipmaster !

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

I tried this with pepperstone, but any other broker as Fxpro, Fxcm, and whatever would fit. The broker is not an issue if it gives you access to at least a 1:500 leverage. The main problem is to find a strategy to fit this, and the big problem is to ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Maybe you're trying to enter a lot size bigger than what is possible according to your account and leverage size. Tell us about your lot size and the platform you're using (mt4 or ctrader).

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Didn't took any trade tode today due to markets uncertainty . Maybe tomorrow, but jackson hole stuff is messing a lot. Still at 100% performance. I'll create a new account with this capital.

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Thanks. It's certainly hard. But i'll keep trying and post the results there, each end of day as others who tried it.

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Reached +100 % today on the initial deposit. 2nd day of trading. Not too bad i think. Let's keep going

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Exactly, and thanks for the encouragements. I'll try it anyway, even if many think it's a path to failure. " Life begins at the end of your comfort zone" Neale Donald Walsch

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

congratulations. This is certainly an achievement already! And i guess fear kicks in at some point. Anyway, Bravo !

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

No need to test it before. I think i have the required experience( modestly ) to trade live.

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Exactly, no need of lot of pips to make a lot mof money, all depends on your risk size and management.

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

You got it right. And everything is difficult in life, until we do it. So let's do it. I began this morning and i'm up 50% . Good luck to you Stubborn.

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Did you want to wish me good luck or alphaomega? He isn't interested in our " already failed attempt" . Glad to see that you believe it's rpetty do-able. Good luck to us

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Lool Ok. I think you didn't get what i told you. But it doesn't matter. Simple maths also shows that this is possible and achievable. But whatever; i think i already argued enough. Have a nice trading journey alphaomega . At least whish me good luck ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Exactly what Henry ford said, and that i quoted previously . If we think we can't do it, we're right and we'll not. Of course it need a 1:2 RR ratio, and win/loss ratio at about 50%, ad a good money management, yes, but what else? Courage i think. I ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

I opened an account $48, on Fxpro, leverage of 1:500 . I trade with Ctrader, this software is wonderful for money management, you can clearly play with your position size, your Sl and Tp and see the impact in terms of return on your account, all ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

So.... I read all the thread... and... i think that... this is a brilliant idea. Turning $50 into $50k in just few trades is highly achievable. To those who think this can never happen, i say that you're right... To those who think this is ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

I think that many traders have misconceptions about martingale systems. A martingale system is not a grid system where you double trades on looser, NO ! A martingale system is just a system where each looser is doubled, it's exactly like revenge ...

Does the martingale system really work?

Here are two screenshots of a backtest of the system over a period of 1month, and it brings a 2845% profit from february 1st, to today. That's awesome, right? and it's a martingale, not like the common everyone is using but based on the tweaks i ...

Does the martingale system really work?

Hi everyone, I think that martingale is of course gambling. But i also think that "trading" is gambling. What is not gambling is investing. Every trader ( forex, stocks, commodities) is a gambler. So why critisize martingale systems more than ...

Does the martingale system really work?

Still waiting for an answers. Thanks

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