Nitomand
Newbie
- May 28, 2024
- 44
- 12
40$ profit after 1 month
Is it worth it?
[Journey] Turning $100 into $1k trading Forex
- Thread starter my-namejeff
- Start date
-
- Tags
- bot automation forex trading
Is it worth it?
pennyweight
BANNED
- Nov 17, 2021
- 883
- 519
Look at the ROI, not on the amount of money.
Nitomand
Newbie
- May 28, 2024
- 44
- 12
Okey you think 20% profit it's worth it
pennyweight
BANNED
- Nov 17, 2021
- 883
- 519
of course, 20% monthly is work it. but it's not making any sense that he can continue in that pace.
my-namejeff
Registered Member
- Jul 17, 2021
- 68
- 10
Look at it from % point of view, not $ amount.
This is quite risky but i'm happy with the risks. When the money grows I will lower the risk and aim for lower % per month
pennyweight
BANNED
- Nov 17, 2021
- 883
- 519
I think what you are doing is Gambling... 20% is too much,
- Nov 16, 2011
- 19,827
- 11,288
Good luck with the journey.
pennyweight
BANNED
- Nov 17, 2021
- 883
- 519
What is the Ultimate goal?
What is the amount you are looking to work with?
What is the amount you are looking to work with?
my-namejeff
Registered Member
- Jul 17, 2021
- 68
- 10
interesting! keep it up
Thank you
If this journey is successful then I will take some profits out and keep going.
You could be right but let's see how it goes
my-namejeff
Registered Member
- Jul 17, 2021
- 68
- 10
Friday 21st June 2024 profits:
$0.89
Account balance: $244.12
$0.89
Account balance: $244.12
cryptobullrun25
BANNED
- Jun 13, 2024
- 71
- 39
not sure about forex but i have did multiple times with shit coins
pennyweight
BANNED
- Nov 17, 2021
- 883
- 519
What is your recent Drawdown?
N1ckG2
Elite Member
- Dec 17, 2011
- 2,670
- 1,321
Tell me more about your strategy, if you want to help you with this for free!
I lost my account last year and was super mega confident that my bot was next to perfect. I back tested it for 10 years and it demonstrated only pure profit but one day all that ended badly. Good luck!
pennyweight
BANNED
- Nov 17, 2021
- 883
- 519
I think the Best thing you should do is never do a Leverage more than x4 on your portfolio.
Thats how you will avoid being wiped out.
my-namejeff
Registered Member
- Jul 17, 2021
- 68
- 10
That's a whole different ball game. How did it go?
Recently it was about 20% but the max was 40% so far.
Sorry to hear that. Would love to know how that happened or what caused it. Or was it just randomly?
pennyweight
BANNED
- Nov 17, 2021
- 883
- 519
20-40% Drawdown okay.
And what Leverage are we looking at? I can see here at least x15 right?
And what Leverage are we looking at? I can see here at least x15 right?
my-namejeff
Registered Member
- Jul 17, 2021
- 68
- 10
The acc leverage is 1:500. I don't know what you mean by x15
Thank you
pennyweight
BANNED
- Nov 17, 2021
- 883
- 519
1:500 = x500 Leverage. you are not using x500 leverage because 20 pips down your account is wiped.
by the way it must be a Weak regulation or no regulation if you have 1:500 account = Market Maker