So, now I have 6 Demo accounts open with varying levels of success towards the goal of +100%. The best to worst results so far are as follows: +62.34%, +43.57%, +25.88%, +25.73%, +1.09%, -13.45%. Yes, this was accomplished with EUR/USD during the ...

Cable Update (GBPUSD)

No, I am aware of such mechanical systems, which most times yield very little gains. Unless it's a genius system. But if your head is screwed on right and not flippy when big money is involved, then you can gain so much more by trading on the fly...

Cable Update (GBPUSD)

I know of people who went to prison over that EUR/CHF drop because they were borrowing money to cover their losses, then couldn't pay it back, which bankrupted them. They had a whole big operation going on with lots of investors involved and were ...

Cable Update (GBPUSD)

NO, there is no bot than operate innovatively like a human brain can. They can only operate by a fixed system. Forex price action is designed to make all fixed systems fail and lose money. Some fixed systems might make a small profit if managed with ...

Cable Update (GBPUSD)

No, it's not impossible if you're extremely savvy and can ride every wave of price action at max available leverage with only a small margin of error. But, given our normally weak human state of mind, and the resulting scary frequent human error, ...

Cable Update (GBPUSD)

365 trading days is almost 17 months. But yeah, 5% per day gives you that. Only the most savvy, battle hardened, expert trader can even sustain that level of average profit per day consistently for that long. But once you get to the $5-20 Million ...

Cable Update (GBPUSD)

I think the most profitable way to trade is using your head independently every day (play by ear). Let the super computer between your ears play its magic and improvise on every turn to ensure you gain ground in the end of every cycle. You can't ...

Cable Update (GBPUSD)

Oh, I am fully aware of how the supercomputers operate to steal the retail trader's money, especially once he starts getting big into the millions. I mentioned it a while back, that once you get into the millions, you're better off taking your extra ...

Cable Update (GBPUSD)

I agree, been there, done that. But compounding is the only way trading can be worth the effort, stress, and time you put into it long term. That's why I set up the level system and wrote it down so I can find closure in my head about the potential ...

Cable Update (GBPUSD)

Actually, it's not much. Getting +100-200% gain per month is more like average for an experienced skilled trader. You just have to understand that the risk remains the same no matter what, and that you can't lose more than what you invested in the ...

Cable Update (GBPUSD)

I understand that time factor perfectly. That's why I said "average ROI" of +1.7% per day and +45% per month to get from $400 to $30k in a year, and that it would take longer to complete each of my levels past level 23 due to lower leverage rates. ...

Cable Update (GBPUSD)

I set up a level-up system for me every time I achieve +100% ROI on any of my accounts. I have now 5 Demo accounts running, starting with $100k, to finish at $200k. That's Level 1. So, I expect to level up from Demo to Live on all 5 accounts. Level ...

Cable Update (GBPUSD)

Wrong. If you start with a $400 live account and gain an average of +1.7% ROI per trading day, compounded daily, or +45% ROI per month, and you do not withdraw anything, you will have $30k in one year. Do the math.

Cable Update (GBPUSD)

You mean 1.1095?

EURUSD

So, I had yet another flip flop trading situation yesterday and today. First, I had a successful trade shorting NZD/USD, then I shorted EUR/USD way too soon yesterday, and ended up with a massive drawdown on both of my demo accounts. But, because ...

Cable Update (GBPUSD)

Again, I had no time to trade on Monday. Then at CPI news yesterday, I entered a long EUR/USD position on both of my demo accounts, which ended up in drawdown (foolishly), but I saw that we have a strong support, and potentially dovish USD FOMC ...

Cable Update (GBPUSD)

I didn't manage to trade today. Had no time to even look at price action until now. It looks like it was a wild day. See you on Monday for continuation.

Cable Update (GBPUSD)

So, last night, I played around some with EUR/JPY and NZD/CAD with max leverage during Asian session. Demo #1 = -9.2, -0.9 pips. Total -10.1 pips EUR/JPY Demo #2 = +2.5, -1.2 pips. Total +1.3 pips EUR/JPY and +0.6 pips NZD/CAD I also closed all the ...

Cable Update (GBPUSD)

So, after some busy taxi driving last week, I finally had the chance to open 2 demo accounts (one for longs and one for shorts) and start trading this week. The goal is to double them from $100k to $200k. Once achieved, then I will start trading ...

Cable Update (GBPUSD)

So, I didn't do well the last 2 days, and reduced my account balance down to $3,575. In the meantime, I saw a tandem axle flatbed equipment trailer for sale at an auction, and decided to go for it with my budget being $3,500. Sure enough it got sold ...

Cable Update (GBPUSD)