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12 Months Forex Challenge. - Investment - Nairaland

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12 Months Forex Challenge. by NetValueFX: 7:29pm On Mar 27
I am thinking of starting a 12 Months Forex challenge. This is born out of an argument I had with a fellow trader. Told him its possible to make a profit of 1:20 in 12 months. For instance 1000 to 20,000 in 12 months, he said its pure suicide.

As a trader what's the best you think a trader could achieve in 12 months in terms of returns.

Update

I have decided to take up the challenge. I just opened an account and funded it. Trading starts tomorrow and is expected to run up until March Next year.
The challenge is to have an account balance that is 20 times the initial deposit by March 2022.

Follow the account via the FXBlue link on my
signature

Lexusgs430 I will be buying 3 of you soon grin

4 Likes 2 Shares

Re: 12 Months Forex Challenge. by dawnomike(m): 8:09pm On Mar 27
NetValueFX:
I am thinking of starting a 12 Months Forex challenge. This is born out of an argument I had with a fellow trader. Told him its possible to make a profit of 1:20 in 12 months. For instance 1000 to 20,000 in 12 months, he said its pure suicide.

As a trader what's the best you think a trader could achieve in 12 months in terms of returns.
It is very much possible but a very risky venture as decisions will be clouded by the goal you aim to reach.
Remember: Emotions and greed are every trader's enemy!!!

5 Likes 1 Share

Re: 12 Months Forex Challenge. by NetValueFX: 8:22pm On Mar 27
dawnomike:
It is very much possible but a very risky venture as decisions will be clouded by the goal you aim to reach.
Remember: Emotions and greed are every trader's enemy!!!
I understand. I believe that's the aim of challenge sha, to test our ability to stick to what we have proven to work no matter what.

2 Likes

Re: 12 Months Forex Challenge. by Arkmanbuddy(m): 8:39pm On Mar 27
It's very much possible if you have the adequate Forex skill.

It's all about having weekly targets while you increase your account.
Re: 12 Months Forex Challenge. by phr33man(m): 8:50pm On Mar 27
Please I need mentorship on forex trading. I'm a newbie. I will appreciate if anyone can give support.
Re: 12 Months Forex Challenge. by NetValueFX: 9:05pm On Mar 27
Arkmanbuddy:
It's very much possible if you have the adequate Forex skill.

It's all about having weekly targets while you increase your account.
I am looking at monthly target as weekly target could trigger unnecessary emotions.
I did the maths and what I need to achieve is 29% profit per month. Compounding it every month.

3 Likes

Re: 12 Months Forex Challenge. by Bitbibx: 10:20pm On Mar 27
NetValueFX:
I am thinking of starting a 12 Months Forex challenge. This is born out of an argument I had with a fellow trader. Told him its possible to make a profit of 1:20 in 12 months. For instance 1000 to 20,000 in 12 months, he said its pure suicide.

As a trader what's the best you think a trader could achieve in 12 months in terms of returns.
it's all about your R/R risk-to-reward ratio, I will advice you take swing trade mostly 1D timeframe your target can be achieved

3 Likes 1 Share

Re: 12 Months Forex Challenge. by Arkmanbuddy(m): 5:33am On Mar 28
NetValueFX:

I am looking at monthly target as weekly target could trigger unnecessary emotions.
I did the maths and what I need to achieve is 29% profit per month. Compounding it every month.


Note what I said: "as you grow your account". The more you grow your account, the more risk you can take. The more risks you take, the more money you make. If you have the skill and don't just depend on any robot to trade for you, it's very possible to even exceed your target.

2 Likes

Re: 12 Months Forex Challenge. by NetValueFX: 7:15am On Mar 28
Arkmanbuddy:



Note what I said: "as you grow your account". The more you grow your account, the more risk you can take. The more risks you take, the more money you make. If you have the skill and don't just depend on any robot to trade for you, it's very possible to even exceed your target.
Na, I don't do robots

2 Likes

Re: 12 Months Forex Challenge. by NetValueFX: 7:17am On Mar 28
Bitbibx:
it's all about your R/R risk-to-reward ratio, I will advice you take swing trade mostly 1D timeframe your target can be achieved
Actually I trade H4 now. Using D1 would take only for my trades to materialize. I don't go below H4 except when I want to check possible change in trend.
My profit factor is over 6. So, for every one loss 1 have 6 wins
Re: 12 Months Forex Challenge. by Lexusgs430: 7:32am On Mar 28
This move, would plunge your trading balance to 0........


Well, not unless another game, stops on us.......... grin
.
Re: 12 Months Forex Challenge. by NetValueFX: 7:37am On Mar 28
Lexusgs430:
This move, would plunge your trading balance to 0........


Well, not unless another game, stops on us.......... grin
.
Hahaha... You no try at all. The Yehs have it. Na only u dey for Neh grin grin

I will do it to shame your village people cool cool

When I am done I will buy 2x lexusgs430 which means buying two of you grin

3 Likes

Re: 12 Months Forex Challenge. by Lexusgs430: 8:00am On Mar 28
NetValueFX:

Hahaha... You no try at all. The Yehs have it. Na only u dey for Neh grin grin

I will do it to shame your village people cool cool

When I am done I will buy 2x lexusgs430 which means buying two of you grin


You must share your complete portfolio ó...... tongue


Nah my Lexus, we go use carry your luggage, back to your village........ cheesy

2 Likes

Re: 12 Months Forex Challenge. by NetValueFX: 8:43am On Mar 28
Lexusgs430:



You must share your complete portfolio ó...... tongue


Nah my Lexus, we go use carry your luggage, back to your village........ cheesy
Hahaha... I go buy your lexus join.
I will share the portfolio sha
Re: 12 Months Forex Challenge. by Bitbibx: 10:14am On Mar 28
NetValueFX:

Actually I trade H4 now. Using D1 would take only for my trades to materialize. I don't go below H4 except when I want to check possible change in trend.
My profit factor is over 6. So, for every one loss 1 have 6 wins
ok I understand, what LOT size do you intend using on a standard account

3 Likes

Re: 12 Months Forex Challenge. by NetValueFX: 10:31am On Mar 28
Bitbibx:
ok I understand, what LOT size do you intend using on a standard account
0.02 per 1k on weeks with no Red news and 0.01 per 1k on weeks with Red news

5 Likes 1 Share

Re: 12 Months Forex Challenge. by Help2020: 1:47pm On Mar 28
Arkmanbuddy:
It's very much possible if you have the adequate Forex skill.

It's all about having weekly targets while you
increase your account.
Target?this statement only shows that you don't know what forex is.
Re: 12 Months Forex Challenge. by Help2020: 1:49pm On Mar 28
NetValueFX:
I am thinking of starting a 12 Months Forex challenge. This is born out of an argument I had with a fellow trader. Told him its possible to make a profit of 1:20 in 12 months. For instance 1000 to 20,000 in 12 months, he said its pure suicide.

As a trader what's the best you think a trader could achieve in 12 months in terms of returns.
Do you mean $20,00 or naira?
In any case, it's your startup capital that determines that...
Come to my house and trade with me.
Re: 12 Months Forex Challenge. by Help2020: 1:51pm On Mar 28
NetValueFX:

Actually I trade H4 now. Using D1 would take only for my trades to materialize. I don't go below H4 except when I want to check possible change in trend.
My profit factor is over 6. So, for every one loss 1 have 6 wins
For every 1 loss you need to have 6 wins to recover? That's negative risk to reward ratio(R/R).If you have losing streak you may find it difficult to recover
Re: 12 Months Forex Challenge. by NetValueFX: 2:14pm On Mar 28
Help2020:

For every 1 loss you need to have 6 wins to recover? That's negative risk to reward ratio(R/R).If you have losing streak you may find it difficult to recover
That's not what profit factor is. You must be talking of sharpe ratio.
A profit factor of 6 means for every 10usd loss, you made 60usd.
As matter of fact, a profit factor of 2 is considered awesome in forex.

1 Like 1 Share

Re: 12 Months Forex Challenge. by NetValueFX: 2:19pm On Mar 28
Help2020:

Do you mean $20,00 or naira?
In any case, it's your startup capital that determines that...
Come to my house and trade with me.
Lol... Whether naira or dollar, na the 1:20 investment to reward ratio matter.
I will most probably use a cent account in other to allow for appropriate increase in lot size.
Your food go dey short like mad if I come your house. grin
Re: 12 Months Forex Challenge. by Nobody: 4:41am On Mar 30
Re: 12 Months Forex Challenge. by Stephenmoka4(m): 8:14am On Mar 30
1:20 in a year, reminds me of 20 odds in a year. It is possible on Forex, just don't get carried away or start switching/changing plans.
Re: 12 Months Forex Challenge. by Arkmanbuddy(m): 8:27pm On Mar 30
Help2020:
Target?this statement only shows that you don't know what forex is.

I've been trading Forex before you were born. Before you jump into a discussion, understand fully what it's all about.

1 Like

Re: 12 Months Forex Challenge. by Chidexter(m): 9:28pm On Mar 30
Shots fired.
Re: 12 Months Forex Challenge. by SavageResponse(m): 1:10pm On Mar 31
Aluspecialty:
Well, I will advise that you don't be over ambitious, this is exactly what forex makes you think on paper but in reality, I strongly believe this is a wrong mindset: turning 1000 to 20,000 in 12months.

Remember to update us in 2months from now.

No mind am na so dem dey talk
Re: 12 Months Forex Challenge. by Excell3nt: 12:31pm On Apr 01
Its possible to visualize, as long as you know your goal problem is half solved, you can make any amout you set your mind to, frankly there is no rule that govern how you earn, i have seen alot of things, people flipping $1,2 to a large capital to a larger capital within weeks, its very possible if you know what you are doing, if you dont have a edge, knowing the market conditions at different sessions, please don't go for that challenge, those are the key points you should master and then the market is all yours. Gracias.

2 Likes

Re: 12 Months Forex Challenge. by Help2020: 2:59pm On Apr 01
Arkmanbuddy:


I've been trading Forex before you were born. Before you jump into a discussion, understand fully what it's all about.
Lol.when did you start trading oga?

2 Likes

Re: 12 Months Forex Challenge. by Nobody: 4:34pm On Apr 01
NetValueFX:
I am thinking of starting a 12 Months Forex challenge. This is born out of an argument I had with a fellow trader. Told him its possible to make a profit of 1:20 in 12 months. For instance 1000 to 20,000 in 12 months, he said its pure suicide.

As a trader what's the best you think a trader could achieve in 12 months in terms of returns.

Update

I have decided to take up the challenge. I just opened an account and funded it. Trading starts tomorrow and is expected to run up until March Next year.
The challenge is to have an account balance that is 20 times the initial deposit by March 2022.

Follow the account via the FXBlue link on my
signature
i will be following you closely and let see how it goes, i promise you if you archive 80% of this challenge we will work on something very huge.
08130174728

Lexusgs430 I will be buying 3 of you soon grin
Re: 12 Months Forex Challenge. by Nobody: 4:36pm On Apr 01
NetValueFX:
I am thinking of starting a 12 Months Forex challenge. This is born out of an argument I had with a fellow trader. Told him its possible to make a profit of 1:20 in 12 months. For instance 1000 to 20,000 in 12 months, he said its pure suicide.

As a trader what's the best you think a trader could achieve in 12 months in terms of returns.

Update

I have decided to take up the challenge. I just opened an account and funded it. Trading starts tomorrow and is expected to run up until March Next year.
The challenge is to have an account balance that is 20 times the initial deposit by March 2022.

Follow the account via the FXBlue link on my
signature

Lexusgs430 I will be buying 3 of you soon grin

i will be following you closely and let see how it goes, i promise you if you archive 80% of this challenge we will work on something very huge.
08130174728

2 Likes

Re: 12 Months Forex Challenge. by felixzo1(m): 4:40pm On Apr 01
its not possible , he will be over leveraging and risking too much if he tries to achieve that. best hedge funds managers achieve only 30 to 50% returns a year.

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