Comments on: How to turn $20k into $1 million in 8 easy weeks https://fxww.com/how-to-turn-20k-into-1-million-in-8-easy-weeks/ The Professional Source Mon, 22 Jul 2013 03:31:04 +0000 hourly 1 By: SFellner https://fxww.com/how-to-turn-20k-into-1-million-in-8-easy-weeks/#comment-25023 Mon, 22 Jul 2013 03:31:04 +0000 http://381c099c8f.nxcli.net/?p=9635#comment-25023 Yeah, that’s a shame, I’m sure you’ll all have a good time!

]]> By: Sean Lee https://fxww.com/how-to-turn-20k-into-1-million-in-8-easy-weeks/#comment-25021 Mon, 22 Jul 2013 02:35:04 +0000 http://381c099c8f.nxcli.net/?p=9635#comment-25021 Pity you’re not Sydgirl, then you could join us for drinks on Thursday and ensure that Mary isn’t lone lady present 🙂

]]> By: SFellner https://fxww.com/how-to-turn-20k-into-1-million-in-8-easy-weeks/#comment-25020 Mon, 22 Jul 2013 02:11:01 +0000 http://381c099c8f.nxcli.net/?p=9635#comment-25020 Thanks Sean, ambitious goal but who knows? Whatever happens, at least I can take comfort from the fact that the guys at DailyFX.com think I am an expert! 🙂 It’s a weird feeling…

http://www.dailyfx.com/forex_forum/ask-experts/

(I am Melbgirl there)

]]> By: Sean Lee https://fxww.com/how-to-turn-20k-into-1-million-in-8-easy-weeks/#comment-25019 Mon, 22 Jul 2013 01:47:40 +0000 http://381c099c8f.nxcli.net/?p=9635#comment-25019 If you can keep doubling your a/c every 6 months Susanna then you will get there as well. I look forward to following your progress

]]> By: SFellner https://fxww.com/how-to-turn-20k-into-1-million-in-8-easy-weeks/#comment-25017 Mon, 22 Jul 2013 01:12:10 +0000 http://381c099c8f.nxcli.net/?p=9635#comment-25017 Sorry, there’s a typo in my previous post, as I had $500 to start with thanks to FXDD’s generous offer 🙂

]]> By: SFellner https://fxww.com/how-to-turn-20k-into-1-million-in-8-easy-weeks/#comment-25016 Mon, 22 Jul 2013 01:10:25 +0000 http://381c099c8f.nxcli.net/?p=9635#comment-25016 Fascinating story indeed. He probably made it easier by withdrawing his initial investment and if he could trade like he wasn’t risking his own, real money that probably helped with the stress. Or he could be an adrenaline-junkie 🙂

Lowering my risk this year helped my trading and this is what I’ve done:

I took up an offer from FXDD in March to open an account with AUD 250 which amount they matched with an AUD 250 bonus. So I had AUD 250 and an account which allows me to trade micro lots.
As of now, end of July the equity is over AUD 1000 (I haven’t withdrawn anything yet). I am able to build positions much better with the tiny lots and hardly ever have to bail out of a trade with a loss. Of course that means I’m probably right about the market’s direction more often than I am wrong.

And less risk related stress means I can sleep more and am able to spend a lot more time on my other interests, in fact just trying to start a new business which is not related to forex. I also want to start managing my own super fund before the fund managers completely blow it 🙂

With trading my goal is to continue with the same method and while I might not achieve 120% profit in every 4 months but if I can hang on to it and made that over a year then I should be quite happy with that too. It’s way more than what most professional “fundsters” can achieve but then they are very restricted in what they can do.

]]> By: Sean Lee https://fxww.com/how-to-turn-20k-into-1-million-in-8-easy-weeks/#comment-24983 Sat, 20 Jul 2013 05:15:22 +0000 http://381c099c8f.nxcli.net/?p=9635#comment-24983 Exactly Kirill, he’s probably 1-1000 or something like that.

]]> By: Kirill https://fxww.com/how-to-turn-20k-into-1-million-in-8-easy-weeks/#comment-24981 Sat, 20 Jul 2013 03:38:22 +0000 http://381c099c8f.nxcli.net/?p=9635#comment-24981 Sean,
I do not doubt the reality of the ‘fairy tale’ and may be I should have used a different words. In general this is the only way to make it… All big guys have done some stupid leverage att some point in their career, but unfortunately such tales are quite rare, thus my referency to fairy world… Anyway respect and congrats to him.

]]> By: Sean Lee https://fxww.com/how-to-turn-20k-into-1-million-in-8-easy-weeks/#comment-24980 Sat, 20 Jul 2013 03:27:07 +0000 http://381c099c8f.nxcli.net/?p=9635#comment-24980 ‘it is not’ that meant to read. I think NZD/USD looks set to make big gains sometime soon but you will prob have plenty of trading chances in the cross over coming weeks.

]]> By: Sean Lee https://fxww.com/how-to-turn-20k-into-1-million-in-8-easy-weeks/#comment-24979 Sat, 20 Jul 2013 03:24:34 +0000 http://381c099c8f.nxcli.net/?p=9635#comment-24979 Good luck Kirill. But ‘fairy tale’ it is now and to look at all his trades you begin to see what “in the zone” means as a trader. He didn’t worry about which pair, or leverage rules, he was simply a talented trader who suddenly started picking the mkt clean and backed himself big time. The guys who blow up gamble big-time and have no trading talent, this guy has plenty. But like I said, he’ll never be a money manager

]]> By: kayus https://fxww.com/how-to-turn-20k-into-1-million-in-8-easy-weeks/#comment-24977 Fri, 19 Jul 2013 20:18:14 +0000 http://381c099c8f.nxcli.net/?p=9635#comment-24977 Hmmm, the truth is that that si the wining way in forex BUT if not perfectly done it is a fast lane to blown account.. I have traded the style and got blown repeatedly however i now do same concept but with advanced modifications and i seems invincible to forex loss now.

]]> By: Raheem Suleman https://fxww.com/how-to-turn-20k-into-1-million-in-8-easy-weeks/#comment-24973 Fri, 19 Jul 2013 12:31:16 +0000 http://381c099c8f.nxcli.net/?p=9635#comment-24973 What pairs was he trading?

]]> By: Kirill https://fxww.com/how-to-turn-20k-into-1-million-in-8-easy-weeks/#comment-24972 Fri, 19 Jul 2013 11:25:02 +0000 http://381c099c8f.nxcli.net/?p=9635#comment-24972 Thank you Sean, I love fairy tales))) Shit happens both ways (up and down), as long as you are not betting the house it’s all fair game in my opinion.

I will try catch a falling knife in aud/nzd around 1.15, but have no strong conviction there, looked on monthly chart and realized that this puppy could easily slide all the way to 1.05 without much remorse…

have a great weekend,

]]> By: Sean Lee https://fxww.com/how-to-turn-20k-into-1-million-in-8-easy-weeks/#comment-24970 Fri, 19 Jul 2013 08:52:22 +0000 http://381c099c8f.nxcli.net/?p=9635#comment-24970 Cheers Chngster, have a great w/e, let’s reconvene next week with an abundance of great ideas 🙂

]]> By: Chngster https://fxww.com/how-to-turn-20k-into-1-million-in-8-easy-weeks/#comment-24969 Fri, 19 Jul 2013 08:37:21 +0000 http://381c099c8f.nxcli.net/?p=9635#comment-24969 haha great story. I also know about a guy who went from $20k to $200k in about 10 weeks. The best I ever did was to go 500% in 3 weeks…but the story does not end well…hahaha

]]> By: Sean Lee https://fxww.com/how-to-turn-20k-into-1-million-in-8-easy-weeks/#comment-24968 Fri, 19 Jul 2013 08:13:50 +0000 http://381c099c8f.nxcli.net/?p=9635#comment-24968 Yes mate, still long with stop just below 12320 now. Really got no strong feel for it though, purely technical trade on my part due to decent risk reward on offer.

]]> By: Cozmin https://fxww.com/how-to-turn-20k-into-1-million-in-8-easy-weeks/#comment-24967 Fri, 19 Jul 2013 08:06:01 +0000 http://381c099c8f.nxcli.net/?p=9635#comment-24967 hi Sean, what about long Eur/CHF? do u still have it? more, what about short CHF/JPY? do u see an important positive risk reward? many thanks

]]> By: Nrek https://fxww.com/how-to-turn-20k-into-1-million-in-8-easy-weeks/#comment-24966 Fri, 19 Jul 2013 07:56:33 +0000 http://381c099c8f.nxcli.net/?p=9635#comment-24966 History has shown that these trading methods have always led to blown accounts. So while there maybe a few outliers, statistically, the odds are against you.

]]> By: Matt https://fxww.com/how-to-turn-20k-into-1-million-in-8-easy-weeks/#comment-24965 Fri, 19 Jul 2013 07:46:20 +0000 http://381c099c8f.nxcli.net/?p=9635#comment-24965 This is why there are so many beginners out there who trade exactly like what you described of that individual: NEGATIVE REINFORCEMENT. You should now post over the next 99 days a story each day of all the guys who did not make it, over-leveraged and blew their accounts. That would reflect reality. But all we hear here or anyplace else is about stories of guys who swung the lasso and shot it out wildly and somehow made it.

I have no sympathy for such guys when they eventually blow out and most all of those 1%-ers do. I have worked too long at professional sell-side prop teams and hedge funds to know that hardly anyone who trades at crazy leverage levels survives too long.

In summary, cute story but I have seen it before a million times. Not how I want to live life nor retire, meaning as a lucky lottery player. I want to amass wealth knowing I grind it out against some of the smartest in the industry day in day out and won net-net. That is part of my motivation in trading actually, to win in this highly competitive game. But not by drawing couple lucky streaks.

]]> By: PxA https://fxww.com/how-to-turn-20k-into-1-million-in-8-easy-weeks/#comment-24963 Fri, 19 Jul 2013 07:37:39 +0000 http://381c099c8f.nxcli.net/?p=9635#comment-24963 I can empathsize with the story… Although my ending is the opposite of this trader but I utilised the re-averaging strategy and it cos many sleepless nights, stressed out relationship and ultimately my trading account…

Still trying to get my feet back to trading BUT I am glad to have the team of fxww for guidance now.

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