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My Journey to 10K/Month on Forex!

Discussion in 'My Journey Discussions' started by thrall, Dec 7, 2015.

  1. thrall

    thrall Junior Member

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    Hello friends, i want to share my history with you....

    I started forex trading in 2008 with little knowledge i lost more than $3000.... Wanting to delve more on market, i started learning alot on internet and i made one training with one guy on skype what definitively helped me alot on forex trading. He asked me only $150 for me learn his strategy and im very satisfied with it, this year ultimately i recovered all my loss what i got on forex... I think every trader goes through the same situation before making money.

    Note: I tried many times CPA Marketing but im not good in this world :(

    I come here to give my word of encouragement and that we should never give up what we want!

    Here is some earnings from last month.
    [​IMG]

    I will still updating this topic, my plan is increase the lots and earnings on each month!

    Never give up!
     
    • Thanks Thanks x 1
  2. JordanF

    JordanF Newbie

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    Nice! What platform do you typically like the best? Any advice on a training program? I tried getting into forex and lost quite a bit but it made me learn pretty quick. I was day trading and studying binary options but I gave up. I want to get back into all this any advice on a practice regiment to do better on forex trading?
     
  3. anilpendu

    anilpendu Jr. VIP Jr. VIP

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    I dont have much knowledge about this, but still Good Luck with your journey OP :)
     
  4. thrall

    thrall Junior Member

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    I trade on Metatrader 4. For you success on forex, you need low Risk/Reward strategy, i see alot of traders dont have control with their trades, you need to know about money management, dont risk much on each trade and learn the market.

    Indicators not is all on forex, it helps? yes help... but not is all! The strategy what i use is based on support and resistance and i use only 1 indicator to confirm the signal.

    Good luck!!

    Thanks!!

     
    Last edited: Dec 7, 2015
  5. JordanF

    JordanF Newbie

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    Thanks for the info I'll.check that platform out.
     
  6. Ambitious12

    Ambitious12 Elite Member

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    I am thinking if you try CPA then what would be 10K??It can be 1million/month.
     
  7. thrall

    thrall Junior Member

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    This is the main plataform from the most of all brokers.

    I know it, but im happy with it, i usually dont got much success on CPA.... so i back to forex again. Its also dont have limit on earnings.

     
  8. MagnifiCat

    MagnifiCat Newbie

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    Funny you talk about a good risk/reward strategy when I can clearly see you have a take profit level but NO stop loss. This means you have no existing risk/reward strategy in place. (don't give me the bullshit of "mental stoploss" please).

    If you are legit, then you would also show us that you're not on a demo account, perhaps an equity curve. Also, 10K / month with 0.03 lots and 250 pip(ettes?)... you'd need thousands of trades to get there.

    *edit: still I think Forex is a nice way to live a superb lifestyle (if you manage to make it work) but it certainly doesn't happen overnight. To get 10K/month you'd need 1 mill on your account with low leverage and acceptable risk/reward would mean you wouldn't risk more than 1-2% on every trade. With those kinds of numbers you'd certainly not trade 0.03 lots and you would have to trade every single day with 66% winning positions minimum.
     
    Last edited: Dec 7, 2015
  9. thrall

    thrall Junior Member

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    My friend, im trading one big account (1.00 lot) and this small account (0.03 lot). Yes i have risk/reward, this trades i dont inserted yet, but i have it, i'll show you this week my results with stop levels and take profits. You are kidding with me saying im trading demo account, lol...

    Here is my latest withdraw made on Hotforex.
    [​IMG]

    I dont need to proof nothing for you, ill just update this thread with my earnings for motivate more people here.

     
  10. Dvarmin

    Dvarmin Regular Member

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    I myself lost at least 200 euros at forex, but I was mainly gambling haha :) Then I saw that it ain't for me, not yet at least.
     
  11. thrall

    thrall Junior Member

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    Lol... it need to learn alot friend... I see some newbies use 100 indicators and have bad results.... when market go against the indicators, you loss.. (in the most of the times). Search about "Price Action" its the way to go. Each trader have different way to trade, one use harmonic patterns, other use pivot levels, other divergences, other combine.... you need to learn and choose your best way to trade.

     
  12. BusinessSmack

    BusinessSmack Jr. VIP Jr. VIP

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    Ever think about making your own CPA offer? If you said you learned a lot from the other guys strategy for $150 maybe there's a solid base for an offer.
     
  13. thrall

    thrall Junior Member

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    No, i dont say nothing about it (contact details), i just said what i did. Also if you check on last post i suggested to learn price action and other ways to learn forex.

    Thanks

     
  14. dgusic

    dgusic Regular Member

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    Do you really believe you can win in the FOREX market? Yeah, think again.

    I can't even begin talking about who is against you. Banks, your broker, the program itself, your internet provider (unless you are connected to a 1 Gigabit Uplink). You are playing a dangerous game here my friend. Since you don't take any S/L positions I assume you do this on a short period, 1-hour max?

    Also, most brokers are scamming you as they are simple bucket shops.

    EDIT. Prove me wrong, what indicators are you using? What is your average position? What pairs are you tarding?
     
  15. thrall

    thrall Junior Member

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    I trust my broker, its regulated and trusted.
    Check their awards: https://www.hotforex.com/en/about-us/awards.html

    I use only pivot levels and fractals. i dont have exact SL and TP, its depends on the resistance and support levels. im trading now 18 pairs, here is the list: http://prntscr.com/9bk215

     
  16. dgusic

    dgusic Regular Member

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    Still have not answered what is your average length of a position.
     
  17. manolo12399

    manolo12399 Senior Member

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    for the guys that want to learn, I am going to tell you something that will help you a lot and save lots of money nd if you stick to it, eventually learn,

    Search:Trading Forex Like The Market Maker in youtube from the innercircletrader, watch the videos, from there find his website, go to the tutorials, best course you can get, he start far a way is a long journey, but really worth it and rewarding and is free.
     
  18. thrall

    thrall Junior Member

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    I did not understand your question before because you not said the "length". "What is your average position"

    Sometimes its closes in same day, other cases it takes 2-3 days to close my order. Its depends how the market move. If not respect the resistance and support levels, i usually close in same day, when price stop at these levels and retrace, it take more long for me close the order.

     
  19. dgusic

    dgusic Regular Member

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    My bad, I usually get over excited when somebody starts talking FOREX because in 99% of cases it is a scam. You seem to know your stuff, at least from what I read in these two replies. I was not attacking you or anything.

    Of course, I can not really tell if you shit us or not, but good luck. :)
     
  20. thrall

    thrall Junior Member

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    Good! Thanks for help the community, unfortunately appear some guys here only for criticize us.

    Thanks again