100k per week - serious question

[bedsit]

For example: if I made 10% profit on 1m account.

What about trading 1m per trade (10 lots as I understand it)?
Would that sort of trades make any difference to market moves (knowing that FX market is the biggest - 2 trillion $ daily volume)?

Any traders with that sort of experience (account size)?

PS Above should be 10m trade (100 lots)

 

[Brabed]

For example: if I made 10% profit on 1m account.

What about trading 1m per trade (10 lots as I understand it)?
Would that sort of trades make any difference to market moves (knowing that FX market is the biggest - 2 trillion $ daily volume)?

Any traders with that sort of experience (account size)?

Can't speak from experience because I haven't traded that size yet, but I am pretty confident that, no, 10 standard lots is not enough to move a market. You'd probably have to be up in the 100M+ range to even be a blip on the radar. Maybe those who trade bigger will agree (or disagree) with me.

 

[SvenFoster]

maybe an issue if you opened them on an illiquid pair in the middle of the night or a holiday.

Shouldnt matter on a major pair.
Oanda allow 10M on a single click Straight through processing...nothing stopping you clicking twice..

If your trading that kind of size you would probably be over a longer timeframe and could leg in to your position but I dont think it would be needed.

You would know how much of an issue it is way before you get to a million

 

[N Rothschild]

you are not going to make 100k a week off 10 lots, you would need to take a 1000 points.. and no 10 lots wont move an fx pair, a few 100 or more should move it a few ticks

 

[wackypete2]

$1 million per trade on liquid currencies is just a blip. Banks can trade 50 or 100 million at a time. You wont make a dent with 1m unless your bucketshop is severely undercapitalized. In that case you'd be out of luck anyway and the biggest movement will be how fast your account rockets to zero.

Peter

 

[leovirgo]

For example: if I made 10% profit on 1m account.

What about trading 1m per trade (10 lots as I understand it)?
Would that sort of trades make any difference to market moves (knowing that FX market is the biggest - 2 trillion $ daily volume)?

Any traders with that sort of experience (account size)?

Not sure if you're talking about 1m capital or 1m per trade. With 1m account and leverage, you can take more than 10 lots. you don't need 1m capital to take 10 lots.

Below is the Time and sales data for GBPUSD at 8.30ET, for 10 seconds duration, from IB data feed. Most of the bid and ask sizes are well over 1m. 1m per trade will be taken in a blip.

 

[bedsit]

Not sure if you're talking about 1m capital or 1m per trade. With 1m account and leverage, you can take more than 10 lots. you don't need 1m capital to take 10 lots.

I've made a mistake.

Question should be if 10m trade (100 lots) would make any moves on the market.

I was thinking about 1m account and reasonable money management (not risking more than 2% per trade). For a 20 pip stop that would be 20k.
So 10m trade (100 lots)

Thanks for the attachment - from the list I can see there are not many trades bigger than 10m.

 

[N Rothschild]

i wouldn't go trading 100 lots trying to get just 20 pips, better looking at a larger range imo

i also wouldnt go asking advice on this forum! if you really do have a million to trade with, there is probably 5 people on this forum who could advise you. the rest trade a pound a point.

 

[bedsit]

i wouldn't go trading 100 lots trying to get just 20 pips, better looking at a larger range imo

i also wouldnt go asking advice on this forum! if you really do have a million to trade with, there is probably 5 people on this forum who could advise you. the rest trade a pound a point.

This was purely a hypothetical question.
One nice day may be a real one.

 

[N Rothschild]

another day dreamer, what a surprise

 

[N Rothschild]

why do you have "serious question" in the title if its a hypothetical one? ................

 

[jazzidee]

Why would anyone with sense trade a $1 million account with 10:1 leverage? With that kind of capital you only need 2:1 or better yet 1:1. The main killer of forex traders is leverage. Try trading with less than 2:1 leverage for a month and you will realize that the so called "big boys" can't trade ****! They just don't use leverage or very little.

 

[bedsit]

why do you have "serious question" in the title if its a hypothetical one? ................

It was meant to be an informative thread rather than an entertaining one.

I wanted to get some information on average trade size on the market and how various sizes affect price action. Also if 10% profit on 1m account can be achieved with the same effort as 10% on 100k account.

I've heard of banks' and institutions' tendency to give that extra push here and there to cause some moves (so to cause pools of orders to be executed, and thus generating commissions). It would be interesting to know what trade size and trading technique they use for that purpose.

 

[DionysusToast]

possible - I know a 'team' that do more - on an account of about 29 million at the moment.

 

[meanreversion]

Is the point of the thread to determine the largest physical amount you could trade? Why not put your stop 10 pips away, use 100:1 leverage and then you'd be trading some serious size.

You'd be wiped out in a day, of course, but you'd have a great war story!

 

[Hoggums]

10% per week on £1,000 is unlikely enough. 10% per week on £1,000,000 is just plain daft.

 

[bedsit]

There are traders on this forum who make 10% per week occasionally.
IMO Good to have a positive expectancy.

 

[N Rothschild]

you can make 10% a week no bother at all..but expect that 10% a week to soon turn into -20% a week

 

[meanreversion]

This thread is silly. Who started it?

 

[bedsit]

This thread is silly. Who started it?

Hey Mean,
if you look under the thread title. That's the easiest way to find out.