I have updated the first page. From now onwards every trade is with risk of 1% of the account.

Proof That Ultra Profitable Trading Is Indeed Possible

On eurusd alone average spot transaction per day probably in the range of 700 billion to 1.2 trillion per day...there are many sources just check...

How exactly does Foreign Exchange work at Banks?

I read somewhere that drawdowns should always be less than 10%....5% is better. I am going to just risk 1% at a time and focus on to achieve consistency and build a great track record.

Proof That Ultra Profitable Trading Is Indeed Possible

Yes, that is really a very good result..I have reassessed my trading strategy and i think risking 1% would suit me better.

Proof That Ultra Profitable Trading Is Indeed Possible

If i can just make 2% per day consistently(compounding) in one year(240 trading days) 20k will become 2million...Wow i need to get started

Proof That Ultra Profitable Trading Is Indeed Possible

Thanks mmaker

Proof That Ultra Profitable Trading Is Indeed Possible

Does anyone here know what kind of return and drawdown per month/year would enable me to compete with those hedge funds?

Proof That Ultra Profitable Trading Is Indeed Possible

I want to open a hedge fund one day....i will trade responsibly from now...maintaining low drawdown of less than 10% even if it means i will earn 2% per month...i need to make my decision now...its now or never...i will just get stuck here trying to ...

Proof That Ultra Profitable Trading Is Indeed Possible

Owh...sorry my bad...yes it is a good suggestion mmaker..will do it next time

Proof That Ultra Profitable Trading Is Indeed Possible

Thanks guys...i think you all have valid points..Right now i am back to the drawing board to find a way to trade with lesser drawdown...something less than 10%.

Proof That Ultra Profitable Trading Is Indeed Possible

Hi mmaker, yes it is recoverable...I will take down the results for a while to go back to the drawing board...will resume trading later

Proof That Ultra Profitable Trading Is Indeed Possible

Billytt: jambolya: Thanks your for the interest. Yes i remember that account..Actually now i am trying to find a way which would not expose me to too much risk...in another words a more efficient way to trade. I will not stop...i am almost there ...

Proof That Ultra Profitable Trading Is Indeed Possible

Yesterday's drawdown was the result of not being disciplined in entries as well as mm. Yes i do wait for a setup.. Keeping my head focus is the hardest part but if i can keep my head then all should be good. Thanks billytt I will never violate my ...

Proof That Ultra Profitable Trading Is Indeed Possible

Thank you ramy. The more poster the merrier this thread would be. I welcomed anyone to critics or give encouragements. The reason i started the thread is not to teach but to inspire people that it is doable and for trading firms and the public to ...

Proof That Ultra Profitable Trading Is Indeed Possible

Ramy: Nope, I intend this account to survive but i did made some leveraged position but always with a stop. mmaker: Thanks, yes there are so many so called real traders who doesn't want to share their real trades. nubcake: Thanks for your comment. ...

Proof That Ultra Profitable Trading Is Indeed Possible

Its not efficient to trade that way.

Real Fx traders do not use stoploss

[quote=billytt;6174214] Thanks P/s Its all about the mindset.

Proof That Ultra Profitable Trading Is Indeed Possible

I trade a naked chart and ma and would advise most people to do so...but if you are making profits with your method then please keep it up!

VennD - Any Pairs - Any Style - Any Time

I really don't understand why people use so many indicators of the 'extreme tma system'...when an ma and the candlesticks alone will get you much much profits...Just sharing..

Extreme TMA System

You would all do better if you get rid of that indicator and just focus on the candlesticks(price)...just my 2 cents. Just try to comprehend of how the price is moving.

The gg53 "Killing Zone"