My Journey To Manage $1,000,000 Through Copy Trading (Forex Challenge)

ChulloMarketing

Jr. VIP
Jr. VIP
Jul 12, 2011
216
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Starting my journey from 0-$1,000,000 in assets under management via copy trading...

As you can see right now, I only have 2 investors with a total of $600 in the pot.

My strategy is simple and you can follow the results via MYFXBOOK.

LFG 2024 Im making a MILLION DOLLARS through trading...

I will update this every week till the end of the year...

screenshot-www.myfxbook.com-2024.05.10-21_10_41.png
screenshot-social.xm.com-2024.05.10-21_10_26.png
 
I appreciate all the feedback. Yes it might sound crazy, but I believe its acheivable.

I already manage a small hedgefund with capital from family & and friends… So I will be helping them set up their accounts on the copytrading platform.

What I need now is a longer track record that is VERIFIED, once I got a couple months of trading history in… I should be able to break the $100k barrier and blast off.

The challenge is to manage $1 Million, not make a Million.

Lets break down the math.

Copytrade funds: $10k
Return per month: 30% avg ($3k)
My cut is 30%: $1k Aprox

Copytrade funds: $100k
Return per month: 30% avg ($30k)
My cut is 30%: $10k Aprox

Copytrade funds: $1,000,000
Return per month: 30% avg ($300k)
My cut is 30%: $100k Aprox

Things can get crazy real quick.

2024 gonna make it happen.
 
Becuase one of my Expertise is Forex Trading I will say that I see a few problems.

First of all you chose a Bad Broker. XM is known to be a Market Maker Broker, There for anything relates to this Broker is very questionable.
You should choose a different Broker for example: PepperStone, IcMarkets and Such. with ECN/STP Accounts

2nd is the Drawdown, if you won't decrease your drawdown this simply won't work.
 
Becuase one of my Expertise is Forex Trading I will say that I see a few problems.

First of all you chose a Bad Broker. XM is known to be a Market Maker Broker, There for anything relates to this Broker is very questionable.
You should choose a different Broker for example: PepperStone, IcMarkets and Such. with ECN/STP Accounts

2nd is the Drawdown, if you won't decrease your drawdown this simply won't work.
I understand where you come from, usually, my drawdown stays between 10-20% max, got into a few gold positions last week and made 20% off that trade alone...

XM is a legit broker, they might be a market maker, but their support and Copy Trading platform is a beast...

Do you know of any other Brokers that have Copy Trading on their platform?

Cheers
 
I understand where you come from, usually, my drawdown stays between 10-20% max, got into a few gold positions last week and made 20% off that trade alone...

XM is a legit broker, they might be a market maker, but their support and Copy Trading platform is a beast...

Do you know of any other Brokers that have Copy Trading on their platform?

Cheers
Any Broker that works with MT4/MT5 will work with Copy Trading on their Platform.
Basically Go to Pepperstone AU.
 
I love these posts where seem like everything is so easy that it makes you want to try it.

I would like to keep up to date with this thread. I don't have a f*ng idea about trading, but I think it would be good to copy signals haha.

The best of luck. Please keep us updated.
 
I appreciate all the feedback. Yes it might sound crazy, but I believe its acheivable.

I already manage a small hedgefund with capital from family & and friends… So I will be helping them set up their accounts on the copytrading platform.

What I need now is a longer track record that is VERIFIED, once I got a couple months of trading history in… I should be able to break the $100k barrier and blast off.

The challenge is to manage $1 Million, not make a Million.

Lets break down the math.

Copytrade funds: $10k
Return per month: 30% avg ($3k)
My cut is 30%: $1k Aprox

Copytrade funds: $100k
Return per month: 30% avg ($30k)
My cut is 30%: $10k Aprox

Copytrade funds: $1,000,000
Return per month: 30% avg ($300k)
My cut is 30%: $100k Aprox

Things can get crazy real quick.

2024 gonna make it happen.
Return per month 30 %. No one has ever got it on long run even annually. So good luck beating it.
 
One more Tip.
Do not Aim for a specific Monthly ROI.
People will invest millions even if you show them 3% Monthly ROI. Basically its about stability.
 
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