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[Forex] Turning ~$100 into $1,000+ a month!

Discussion in 'My Journey Discussions' started by tagthatduck, May 1, 2017.

  1. tagthatduck

    tagthatduck Registered Member

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    So here begins a long journey of turning Less than $100 into over $1,000 Monthly Profit Return.

    Things I Have done
    - Made a Forex Cent Account $20 Deposited
    - Made a Second Forex Cent Account
    - bought a VPS $13/Month

    Things I Need to do
    - Make 3 More Cent Accounts
    - Manage Money

    How this system works:
    Basically it is a program that hedges trades and performs over 300+ trades a week. I have done this method in the past with a standard account. And profited $1,700 usd in one month.

    I know where I went wrong and lost all my money the first time but now I have studied and learned new management skills for my money. And I'm going to do it at a smaller scale and slowly grow to a larger scale .

    The first week account one made 300 (300 cents is equivalent to $3) so I took that profit and transferred it to account #2. Once account two reaches 2,000 cents ($20) I will begin auto trading on that one aswell.

    Every week the profits from all accounts will be put into a new account examples of how it will be done.
    Account 1: 2,000 cents with profit of 300 (Active)
    Account 2: 2,000 cents profit 500 ( Active )
    Account 3: 1,500 ( inactive )
    Profits from account 1 & 2 into account 3 and remaining will be put into a new one ( Account 4 ) by the end of that week account 3 will have begun trading and now all profits will fund account 4.

    I will be aiming for 5 accounts total. Dividing and keeping profits growing on all accounts. Initial growth plan is to reach all 5 accounts to 100,000 cents or in other words 1,000 USD Per account.

    Once those are all at 100,000 cents all the profits will be transferred into a new account ( Standard where the profits grow in dollars instead of cents. Enjoy the journey with me! I will post screenshots and pictures as time progresses! First screenshots will be posted around 1 AM est
     
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  2. Ming the Merciless

    Ming the Merciless Power Member

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    I have always been interested in Forex. I will keep an eye on your journey. Good luck!
     
  3. tagthatduck

    tagthatduck Registered Member

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    If you're interested in starting something like this I'd be glad to give you the Script that will trade for you and assist you and further explain how everything works!
     
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  4. Dumingo

    Dumingo Newbie

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    Never heard of it before but because of your journey i've read something about forex cent trading and it sounds interesting!

    Will watch your journey and Good Luck!

    What kind of "program" is it? Does it trade automatically with some parameters you define? Or how can i imagine this?
     
  5. jackjammer

    jackjammer Regular Member

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    Occupation:
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    at your tummy!
    Goodluck bro.
     
  6. RDG

    RDG Newbie

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    You must be kidding bro. How does this routine of roll over profits into multiple accounts become a trading strategy? 300 trades a week is total lunacy and will always burn bank... 100% of the time it works everytime....
     
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  7. deathscythe

    deathscythe Newbie

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    Sounds interesting.
    I'm also interested in Forex. I have been reading multiple tutorials about trading. I would love to get a copy of your script if your don't mind.

    Good luck on your journey
     
  8. Ming the Merciless

    Ming the Merciless Power Member

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    Sure - pm me
     
  9. DanielOnYouTube

    DanielOnYouTube Regular Member

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    What website did you sign up through in order to start trading?
     
  10. tagthatduck

    tagthatduck Registered Member

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    Reason I'm rolling over profits is so I can trade low lots and continue to make steady profit as oppose to risk more on one. I've done this before lol
     
  11. tagthatduck

    tagthatduck Registered Member

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    And the only reason I burned myself
    The first time is because I got greedy and increased trade settings causing me to risk more. If you divide your equity between two accounts (example) and both accounts are trading the same pair same settings, I can yeild 2x profits. Instead of increasing settings on one account with a larger equity hence risk more. Reason it would be riskier is settings wise the trades would gradually grow larger than intended due to market instability. Since this script hedges its trades to come out in profit.
     
  12. tagthatduck

    tagthatduck Registered Member

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  13. patriotnews

    patriotnews Senior Member

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    So you put $20 in #1, it makes $3 profit, so $23 total.
    You withdraw the $3 and put it into #2, until #2 reaches $20 you don't trade. When #2 gets a profit ($3), you transfer it to #3. And on and on.
    When you don't make profit: #1 goes -$2, leaving you $18. Do you wait to transfer "profits" until you hit above $20 again?
    If you get a string of losses, and it moves you to $0 in #1, what is your plan? Do you refill from the profits in #2? Use your own money to refill? Abandon the account, thereby making #2 the new #1?
     
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  14. tagthatduck

    tagthatduck Registered Member

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    I wait until all accounts are $20 profit. At all times I will keep the accounts at $20. So when I reach my Goal and get all accounts to $20 profit I bump it up and go for $30 in each then 40 etc. the only time you're truely safe with small starting lots is with 5,000 bal ($50) until then it is a risk. So I may consider waiting or just wing it till then
     
  15. tagthatduck

    tagthatduck Registered Member

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    And they always profit. Hedging is a strategy that's mixed with martingale the success rate is high. The only big thing that can happen is if the market crashes one day ( possible with up coming French elections, considering one of the pairs I'm trading is EURUSD) but my money will be diversified in different pairs. A 2,000 cent account can handle up to 1,000 points drop in a day. Which happens but not that often.
     
  16. DEFINE

    DEFINE Regular Member

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    Pretty interesting journey. I will follow. Any links to get some beginner tips for trading Forex?
     
  17. kimberly123

    kimberly123 Newbie

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    I would like this script, I have played around with forex and lost over $1500. I really want to make my money back
     
  18. Lee Vang

    Lee Vang Newbie

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    @tagthatduck I'm interested in the program - can you forward me the script and explain in details what it does and which currency it trades best in and the stats? I assume its metatrader platform?
     
  19. kimberly123

    kimberly123 Newbie

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    Thank you, joining now
     
    Last edited by a moderator: May 2, 2017
  20. tagthatduck

    tagthatduck Registered Member

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    Can trade any currency performance depends on equity the more you have the less likely you'll losw