Jump to content


Next High Impact Market News Event:
Retrieving events...


Toggle shoutbox The Traders Chat Open the Shoutbox in a popup

@  traderpusa : (19 January 2020 - 08:20 PM) Kurt09 you should post in appropriate thread with screenshots to prove your case
@  kurt09 : (19 January 2020 - 03:25 PM) They Analist Edward Shultz is the biggest scammer, stay away from them
@  kurt09 : (19 January 2020 - 03:24 PM) Elitetrading.co and Tradeidiea is Big Scam, they dont let you withdraw yourr money
@  joacim : (19 January 2020 - 05:28 AM) vostro
@  traderpusa : (18 January 2020 - 09:54 PM) great. good luck trading in 2020 !
@  Singh : (18 January 2020 - 03:37 PM) @traderpusa naw man, I give up, its too much to baby sit people, give them rules and guidance and then restart again lol I am better off trading myself here and there.
@  traderpusa : (17 January 2020 - 09:34 PM) sorry to hear that. Keep on looking I would say.
@  Singh : (17 January 2020 - 04:20 PM) @traderpusa Nope, was a shit show. I doubt there is a good trader out there with a good risk management etc, demo is all bell and whistles lol
@  traderpusa : (16 January 2020 - 09:05 PM) Is your guy still active ?
@  traderpusa : (16 January 2020 - 09:05 PM) all good Singh. Back to the daily grind of trading.
@  Singh : (16 January 2020 - 03:45 PM) @blessedtj Hola
@  Singh : (16 January 2020 - 03:45 PM) @traderpusa Sup Man
@  blessedtj : (15 January 2020 - 11:35 PM) hi all
@  traderpusa : (15 January 2020 - 10:09 PM) Hi Singh.
@  Singh : (15 January 2020 - 01:04 PM) Hey T
@  Singh : (15 January 2020 - 01:04 PM) Sup Fellas
@  Tripack : (14 January 2020 - 01:19 PM) Best to throw your question in a thread here http://www.binaryopt...ing-assistance/
@  forza125 : (14 January 2020 - 08:33 AM) ?
@  forza125 : (13 January 2020 - 02:23 PM) can anyone put an alert on a histogram?
@  traderpusa : (08 January 2020 - 02:49 AM) it is.

Photo

Get Rich Thread; For FX & ex-BO traders

Binary options Forex Esma Regulation Rich Million

  • Please log in to reply
14 replies to this topic

#1 forexonomics

forexonomics

    Newbie

  • Members
  • Pip
  • 3 posts

Posted 30 July 2019 - 10:06 AM

Hello,
Great minds, newbies, to be-millionaires, forex addicts etc; Greetings.

I have traded for over 8 years now; I trade mostly from the bed or the bar now; the ambition to start a hedge fund died when I found out trading $100 to $10K (10000% return) is easier than trading $10MIL to 11MIL (10% return).

There are two easy ways to make money trading fx which I have tested over and over;
1. Don't use a stop loss, high leverage, take profit as soon as you are in the green, withdraw daily;- one day the chickens will come home to roast....I don't know if its the correct saying. Anyway; if you are a newbie Stoploss will beat you up, somehow price has higher affinity for SL than TP, especially because you listened to bullshit and placed a TP 3X the SL (risk reward fallacy;- not for this thread but PM me for my article on the topic).

2. Now this is what the thread is about. Here SL is compulsory. Select a broker with the highest leverage; some have upto 1000X. Every time you place a trade; you do it with maximum lotsize but SL at 10% of your account even if that's 4 pips only. So you will lose your balance if you lose the first 10 trades consecutively.
But what happens if one goes your way, remember full lot size. How do you manage it, how do you scale in, how do you get it to 10K% return. That's what this thread is about; I will explain my methods, but looking forward to your input too.

NB/ some will come here and call this thread a suicide, say gambling, say use 2% per trade like professionals do etc. This thread is not for you; this is for open minded thinkers. And YES; Forex can make you riches overnight; I have seen people do it.

Newbie advice; have two accounts; one to trade conservatively and the other to go crazy with methods such as this.

Why I endorse this OTB methods; I have taken part in a no. of demo trading contests. After winning several (taking small amounts such as $100 demo to $100K+) and getting a little reward (with lot lots requirement to withdraw!), I thought; why not open a small real account, and trade it aggressively like the contest account?
  • hobbyt3 and janisroze like this

#2 traderpusa

traderpusa

    Member

  • Verified Strategist
  • PipPipPip
  • 2,474 posts
  • LocationManila

Posted 30 July 2019 - 10:12 AM

The binary options scammers have made it to FX.  Welcome !


  • JustANoob likes this

#3 Mityu29

Mityu29

    Member

  • Members
  • PipPip
  • 248 posts

Posted 30 July 2019 - 02:55 PM

Just calculating: 

Let's say start with 1k with 1:500 leverage take 10 % of the capital  that is 100.  Assume that you can make 50 pips per trade, with 20 $/€ etc  worth PIP.  You have 5 pips SL. If your SL does not hit that is mean you can double in 1 day. If you can do this 5 days in a row your capital reach 32 K in a week. But if your trade goes let say 300 Pips in GBP/AUD with the same trade than your profit is 6K. So your risk reward 1:60 and you do not have to be agressive to hunt small pips. Your total capital is 1K+6K=7K Following the above example in the next trade you could reach 42K profit  under 2-3 days. You can double up your 49K account with the next trade and reach 100K and reach 10K%. In this 3 trade scenario you just have to be correct and need balls to enter in to the trades. 

 

Best


  • Sambo likes this

#4 Sambo

Sambo

    Member

  • Members
  • PipPip
  • 145 posts
  • LocationUK

Posted 30 July 2019 - 05:58 PM

Sounds a bit of a scammy post to me.

To me it seems that the positive risk reward idea is only a fallacy if you fail to incorporate probability in to the equation. For example a risk reward of 1:3 on a counter trend move is still bad risk reward because the probability is low. So the fallacy in my opinion is to assume that risk reward is solely a ratio.

Take TPs strategy - each trade has huge probability and so it counteracts the ratio of a lower reward and the risk of a potentially large draw down, making it a very profitable approach.
  • traderpusa likes this

#5 Sambo

Sambo

    Member

  • Members
  • PipPip
  • 145 posts
  • LocationUK

Posted 31 July 2019 - 02:35 AM


2. Now this is what the thread is about. Here SL is compulsory. Select a broker with the highest leverage; some have upto 1000X. Every time you place a trade; you do it with maximum lotsize but SL at 10% of your account even if that's 4 pips only. So you will lose your balance if you lose the first 10 trades consecutively.
But what happens if one goes your way, remember full lot size. How do you manage it, how do you scale in, how do you get it to 10K% return. That's what this thread is about; I will explain my methods, but looking forward to your input too.

Why I endorse this OTB methods; I have taken part in a no. of demo trading contests. After winning several (taking small amounts such as $100 demo to $100K+) and getting a little reward (with lot lots requirement to withdraw!), I thought; why not open a small real account, and trade it aggressively like the contest account?


This approach reminds me of one of Moritz czubatinski's ideas: https://www.tradecie...l-intervention/

All sounds doable in theory but I haven't seen anyone ever prove they've done it on a live account.

#6 forexonomics

forexonomics

    Newbie

  • Members
  • Pip
  • 3 posts

Posted 31 July 2019 - 03:55 AM

This approach reminds me of one of Moritz czubatinski's ideas: https://www.tradecie...l-intervention/

All sounds doable in theory but I haven't seen anyone ever prove they've done it on a live account.


Example of a guy who did it!
https://www.myfxbook...em7-2011/328097
https://www.myfxbook...em7-2010/319830
  • hobbyt3 likes this

#7 hobbyt3

hobbyt3

    Member

  • Members
  • PipPip
  • 170 posts

Posted 31 July 2019 - 05:09 AM

forexonomics tell me more please



#8 Sambo

Sambo

    Member

  • Members
  • PipPip
  • 145 posts
  • LocationUK

Posted 31 July 2019 - 05:21 AM

Example of a guy who did it!
https://www.myfxbook...em7-2011/328097
https://www.myfxbook...em7-2010/319830


Isn't it relevant that both of their track records aren't verified though?

#9 JustANoob

JustANoob

    Member

  • Members
  • PipPip
  • 277 posts

Posted 31 July 2019 - 05:41 AM

The binary options scammers have made it to FX.  Welcome !

 

whoever gives money to someone like this , they deserve whatever might befall them



#10 kozimkowski

kozimkowski

    Newbie

  • Members
  • Pip
  • 4 posts

Posted 31 July 2019 - 02:43 PM

...and the strategy is; you pick a £1 coin, toss up in the air and whatever comes you enter BUY or SELL! :D 
Then the good money management is to make sure you put the biggest lot your account can handle and don't put the SL so it will hopefully turn around!lol :lol:



#11 forexonomics

forexonomics

    Newbie

  • Members
  • Pip
  • 3 posts

Posted 31 July 2019 - 09:03 PM

Usually most data exhibits normal distribution, but Forex majors have fat tails; the reason for trends, and the reason most reversal strategies fail. So for a good success rate we will follow price; the basic entry strategy;
- 4 EMA set to the closing price.
- Wait for price to trend away from the EMA and sell/buy on retouch to the same direction

#12 Sambo

Sambo

    Member

  • Members
  • PipPip
  • 145 posts
  • LocationUK

Posted 01 August 2019 - 11:13 AM

You're risking 10% of your account just on a retouch of a 4 ema? Surely that's almost every candle in a ranging market!

#13 joe0074

joe0074

    Member

  • Members
  • PipPip
  • 247 posts

Posted 04 August 2019 - 12:13 PM

There are too many negative thinkers here.

Let's wait and see if he can prove what he said.



#14 janisroze

janisroze

    Member

  • Members
  • PipPip
  • 82 posts

Posted 11 August 2019 - 08:57 AM

For Gold there is this one specific time, where price often finds it's turning point, which sometimes could become a huge rally for the following day (100-300 pips).

I've backtested last couple years and live traded for a few months. Currently with SL 30 and TP 10, but like OP I like the idea. Laziness and summers slumber is what keeps me procrastinating till proper backtest and finding the said edge, that OP is promoting. I think it could be done. I've alway despised the dry academic knowledge of typical rules (risk only 2-5%; use SL; only positive R:R; etc.).

#15 dkomarov

dkomarov

    Member

  • Members
  • PipPip
  • 217 posts
  • LocationBig Russia's Motherland

Posted 21 December 2019 - 08:46 AM

The problem is that every trade has a cost (commission, spread etc.). So if you want to play full lot size and small starting capital that means you can only allow a tight SL. With this in mind it requires a very strong edge otherwise it won't work.

"It's how u handle the losses and the setbacks that will ultimately determine your success as a trader"






Also tagged with one or more of these keywords: Binary options, Forex, Esma, Regulation, Rich, Million

0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users


USA REGULATION NOTICE: There are many binary options companies which are not regulated within the United States. Most of these offshore companies are not supervised, connected or affiliated with any of the regulatory agencies such as the Commodity Futures Trading Commission (CFTC), National Futures Association (NFA), Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA).

It is our STRONG opinion that you do not operate with any unregulated brokerage firm as they may steal or try to scam you out of every dime you have. Please take notice that any unregulated trading activity by U.S. Citizens should be considered unlawful.

Risk Disclosure: Binary Options Edge does not accept any liability for loss or damage as a result of reliance on the information contained within this website; this includes education material, price quotes and charts, and analysis. Please be aware of the risks associated with trading the financial markets; never invest more money than you can risk losing. The risks involved in trading binary options are high and may not be suitable for all investors. Binary Options Edge doesn't retain responsibility for any trading losses you might face as a result of using the data hosted on this site. The data and quotes contained in this website are not provided by exchanges but rather by market makers. So prices may be different from exchange prices and may not be accurate to real time trading prices. They are supplied as a guide to trading rather than for trading purposes.