$300 to $30,000 in six weeks trades by proforextrades

[zdforex]

Starting from April 11, 2005, the trades will be posted here, Everybody is welcome to watch and judge. Here is a real account that will be used.

 

[al-motor]

welcome I.S.

It will be interesting to see the trades here..........


Al

 

[BroadSword]

Yes, this will be very interesting!

Are you going to try and post the calls 'real time' or will everything be retrospective?

I appreciate you'll want to put the effort into trading, not posting, but if you did post the trades real time, you would dismiss the arguments that this was somehow rigged. I'm not saying that mind you - but if you succeed, you can bet your life (or the whole account!) that someone will.

Good luck, I'll follow with interest!

 

[Racer]

why start with $300, why not make it 30,000, if it is so perfect?

 

[BroadSword]

why start with $300, why not make it 30,000, if it is so perfect?

Yeah - I wondered this too...$3000 is not a lot of money, not much more than £1500, which many people could get hold of. That would make $300,000 or One hundred and fifty grand in real money.

 

[Racer]

You could remortgage your house..
Say, min £60,000, that way you could turn it into £6,000,000 in 6 weeks

 

[zdforex]

To answer some questions:

1- Trades will sure be posted realtime, but not only that, also the reason, they were taken with stoplosses, and target profits.

2-The idea to start with $300 is that the trading capital might be all lost at some point and I might need to refill with another $250 (Since I need $50 to open a mini contract). The money management plan is detailed in the photo. Its a high risk approach to trading. But it must be expected to be like this.

 

[Racer]

Good luck and hope it works out for you

 

[Roberto]

Welcome and good luck. Is www.proforextrades.com your website?

 

[Effkay]

What is the strategy that you will be using?

 

[TWI]

I would guess it begins with "b" and ends in "t", but that is only a guess.

 

[Faris]

http://www.moneytec.com/forums/showthread.php?t=13846

 

[genbie]

Good luck with this challenge. However, I have to say that achieving it will be very, very, difficult. The problem is that many newbies reading this thread do not realize that you only need to blow up once to get your account wiped out! Starting with $300, I would have thought $3,000 is more realistic and even that is very difficult. I would say a really good trader could possibly make $1,500 in six weeks at best. Adhering to good discipline is not a cure either because 'excessively' tight S/Ls mean missing out on many profitable trades, and gradually reducing your initial $300 to double digits!

Again, good luck but I would have preferred a more realistic goal.

 

[Racer]

The idea to start with $300 is that the trading capital might be all lost at some point and I might need to refill with another $250

but then it isn't 300 to 30,000 then is it?
I think you are rather opimistic with your goal but best of luck trying

 

[TrendTracker]

I checked out the proforex site (www.proforextrades.com). Not very professional to use pictures with Corbis stamp on them...

I wonder what www.corbis.com has to say about someone using their photos and not paying for them.

 

[Effkay]

Thanks for the link Faris, It's gonna have to do better than that this time profx

 

[Bigbusiness]

I can see this on page 34 of the moneytec forum but how many times has the $300 been lost? Why do this again here when it doesn't seem to be working?

April 08, 2005

Today's Results:
GBPUSD -17 pips
Net -17 pips

Week 3 Day 15 Balance: $162-$17=$145 ($250 has been added)

 

[ketchup]

the same idea is posted on rapidforex.com i think it's achievable but only if u have a really good trading plan and
experience
good luck

 

[zdforex]

April 11,2005

GBPUSD Buy 1 mini lot at 1.8792(Limit) SL 1.8748 TP 1.8983

I have a buy signal, and open is above pivot, below M3, So my order is to buy Pivot test at 1.8792 on limit, and I expect this day to be a Pivot-R2 play day.

Proforextrades

 

[maverick7h]

Let me point out to you all that the numbers used for the $300 to $30000 plan are exactly those in a free ebook written by the makers of www.rapidforex.com. I'll even attach the ebook so you can all compare. Now personally, I have the complete rapidforex.com package, and I do admit their techniques are far superior to other courses people have paid 10x as much for or more, BUT, there is no doubt this is just an optimistic overzealous newbie taking an example of ideal results, and then going even further by trying to turn the months into weeks. I would strongly suggest to you all not to follow this person's trades with your live account.

Looking out,

Nick