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12 Months Forex Challenge. - Investment (2) - Nairaland

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Real Forex Challenge Day 4 / Real Forex Challenge / I Will Trade Your $1000 To $5000 Within 12 Months In Forex (2) (3) (4)

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Re: 12 Months Forex Challenge. by goodluck41N: 5:40pm On Apr 01
felixzo1:
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.
It's actually very possible depending on how good he is. someone already achieved more than that here https://www.nairaland.com/6439337/latest-experiment

3 Likes

Re: 12 Months Forex Challenge. by goodluck41N: 5:41pm On Apr 01
Ride on bro.we dey your back

2 Likes

Re: 12 Months Forex Challenge. by NetValueFX: 6:09pm On Apr 01
Blinkharm:


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
Cool. God leads
Re: 12 Months Forex Challenge. by NetValueFX: 6:14pm On Apr 01
felixzo1:
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.
Lol... I have made over 5% already. Its just the first week
Re: 12 Months Forex Challenge. by NetValueFX: 6:15pm On Apr 01
SavageResponse:


No mind am no so dem dey talk
E go clear for your eye
Re: 12 Months Forex Challenge. by NetValueFX: 6:17pm On Apr 01
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.
The link to the fxblue account will be permanent on my signature.
Re: 12 Months Forex Challenge. by NetValueFX: 9:05pm On Apr 01
Update

I am done trading for the week.
This is the result for the first week of the trading for my challenge.
2k to 40k in 12months na the target.

Re: 12 Months Forex Challenge. by felixzo1(m): 9:07pm On Apr 01
Where can we independently verify your trade, register with a third party site

2 Likes

Re: 12 Months Forex Challenge. by NetValueFX: 9:18pm On Apr 01
felixzo1:
Where can we independently verify your trade, register with a third party site
Like seriously? Are you not seeing the link on my signature?

https://www.fxblue.com/users/netvaluefx

1 Like

Re: 12 Months Forex Challenge. by felixzo1(m): 9:33pm On Apr 01
NetValueFX:

Like seriously? Are you not seeing the link on my signature?

https://www.fxblue.com/users/netvaluefx
seen .good, let's see what you are capable of. please don't run away
Re: 12 Months Forex Challenge. by SavageResponse(m): 9:36pm On Apr 01
NetValueFX:

E go clear for your eye

I dey here dey watch! grin
Re: 12 Months Forex Challenge. by OCTAVO: 10:01pm On Apr 01
goodluck41N:

It's actually very possible depending on how good he is. someone already achieved more than that here https://www.nairaland.com/6439337/latest-experiment
I was about posting this link here.
Re: 12 Months Forex Challenge. by NetValueFX: 5:48am On Apr 02
felixzo1:
seen .good, let's see what you are capable of. please don't run away
RUN GO WHERE?
Re: 12 Months Forex Challenge. by Blinkharm: 9:44am On Apr 02
NetValueFX:

Like seriously? Are you not seeing the link on my signature?

https://www.fxblue.com/users/netvaluefx
Can this be possible with a 200k Naira founded account?
Re: 12 Months Forex Challenge. by NetValueFX: 10:44am On Apr 02
Blinkharm:

Can this be possible with a 200k Naira founded account?
Can what be possible?
200k will give 500usd approx if you get a broker that you can fund with master card, else you get 400usd with 200k.
Re: 12 Months Forex Challenge. by gnykelly(m): 5:42pm On Apr 03
NetValueFX:

Can what be possible?
200k will give 500usd approx if you get a broker that you can fund with master card, else you get 400usd with 200k.

Nigerians get bad bell too much.

Can you teach me how to pick signal
Re: 12 Months Forex Challenge. by ILovebigyansh(m): 9:05pm On Apr 03
Nice Feat.

Following.

Let's see how it goes. For those saying it isn't possible, It Is.

But hey you going to have to take some serious risks at some point & over leverage.

Unlike some people that don't want to put Trade explorer while claiming profit.

@Leonardemma1 come see your mate.

Now this is a real trader.

2 Likes

Re: 12 Months Forex Challenge. by Kaybee7000(m): 9:45pm On Apr 03
Am following this tread like craze
Re: 12 Months Forex Challenge. by NetValueFX: 10:04pm On Apr 03
gnykelly:


Nigerians get bad bell too much.

Can you teach me how to pick signal

Follow the telegram link on my signature. The signals I trade for my fx challenge here is exactly what I post there and its free.
Re: 12 Months Forex Challenge. by VlamesIffect: 10:13pm On Apr 03
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
Re: 12 Months Forex Challenge. by NetValueFX: 4:29am On Apr 04
VlamesIffect:



Following,

Drop a link to your telegram.

Can't click the one on your profile

Copy it and search in telegram. Full telegram link can't be posted on NL.
Re: 12 Months Forex Challenge. by felixzo1(m): 7:55am On Apr 07
NetValueFX:


Copy it and search in telegram. Full telegram link can't be posted on NL.
been following your trades on the link posted. you are trying , you are a good scaper.I noticed to don't put stop loss, any reasons? entering a lot of trades, can be stressful, how do you cope? wish you good luck. your success or failure will be dependent on how you manage your psychology
Re: 12 Months Forex Challenge. by NetValueFX: 8:27am On Apr 07
felixzo1:
been following your trades on the link posted. you are trying , you are a good scaper.I noticed to don't put stop loss, any reasons? entering a lot of trades, can be stressful, how do you cope? wish you good luck. your success or failure will be dependent on how you manage your psychology
Stop losses are not necessary for this strategy as it has proven to turn green on weekly basis or max two weeks. I am not a scalper, I am a swing trader.
About having lots of trade: I prefer using a smaller lot size on many pairs than a bigger one on few pairs because there are no guarantees in forex. Coping is not that easy because this is not the only account I trade, however, my strategy doesn't involve too many plotting of lines so spotting a trade is quite easy. I have an account that the strategy I use in it requires SL and I do use it there too.
Re: 12 Months Forex Challenge. by felixzo1(m): 9:02am On Apr 07
NetValueFX:

Stop losses are not necessary for this strategy as it has proven to turn green on weekly basis or max two weeks. I am not a scalper, I am a swing trader.
About having lots of trade: I prefer using a smaller lot size on many pairs than a bigger one on few pairs because there are no guarantees in forex. Coping is not that easy because this is not the only account I trade, however, my strategy doesn't involve too many plotting of lines so spotting a trade is quite easy. I have an account that the strategy I use in it requires SL and I do use it there too.
I called you a scalper because of the high number of trades entered, and the absence of stoploss, its a behavior typical of scalpers, I love the low lot size you are using. although the high trades number worries me.not using stoploss means you are constantly watching and will close manually
Re: 12 Months Forex Challenge. by NetValueFX: 9:17am On Apr 07
felixzo1:
I called you a scalper because of the high number of trades entered, and the absence of stoploss, its a behavior typical of scalpers, I love the low lot size you are using. although the high trades number worries me.not using stoploss means you are constantly watching and will close manually
Hahaha.. Stop loss actually make me hand over some of my profit. I do close manually while some trades do hit TP.
See, I believe what suits Mr A may not suit Mr B. This is the style of trading that works with my psychology that's why I stick to it.

2 Likes

Re: 12 Months Forex Challenge. by felixzo1(m): 9:23am On Apr 07
NetValueFX:

Hahaha.. Stop loss actually make me hand over some of my profit. I do close manually while some trades do hit TP.
See, I believe what suits Mr A may not suit Mr B. This is the style of trading that works with my psychology that's why I stick to it.
that's one thing in forex people do not understand, someone copying you may not succeed because of different psychological make up. everyone should develop his style that suits him.trading success is 50% skills 50% trading psychology

3 Likes

Re: 12 Months Forex Challenge. by felixzo1(m): 2:48pm On Apr 08
Still following

2 Likes

Re: 12 Months Forex Challenge. by Nobody: 6:41am On Apr 09

3 Likes

Re: 12 Months Forex Challenge. by felixzo1(m): 7:33am On Apr 09
Aluspecialty:



Hi @NetValueFX
I did an analysis on how much yearly % you are looking at to obtain a 1:20 balance, e.g.; 2,000 deposit: 40,000 balance. I also have been following your fxblue explorer and have this token for you:
total yearly% profit = 1,900% in 12months., this means that you are looking to multiply your capital by 20 in a year by obtaining a profit 19times your capital.
This means you must obtain an average monthly profit % of 159%, NOTE: profit not balance.
This will bring your average monthly balance to 259%.

You must achieve this monthly, or as an average all through each month of the year, you must achieve the calculated %.

My Conclusion: IT IS NOT POSSIBLE! IT IS NOT POSSIBLE!! IT IS NOT POSSIBLE!!!

Consequences: You are putting yourself and your trading plan under pressure, why don't you hope for a more realistic monthly average profit %, say 20%, and expect to obtain a total of about 240% yearly profit. This is very achievable.....Just a piece of sincere advice from my genuine experience.

Selah
I don't want to be in his shoes, he will be under a lot of pressure. I admire his courage, only few guys would leave their trading to public scrutiny

2 Likes

Re: 12 Months Forex Challenge. by NetValueFX: 7:56am On Apr 09
Aluspecialty:



Hi @NetValueFX
I did an analysis on how much yearly % you are looking at to obtain a 1:20 balance, e.g.; 2,000 deposit: 40,000 balance. I also have been following your fxblue explorer and have this token for you:
total yearly% profit = 1,900% in 12months., this means that you are looking to multiply your capital by 20 in a year by obtaining a profit 19times your capital.
This means you must obtain an average monthly profit % of 159%, NOTE: profit not balance.
This will bring your average monthly balance to 259%.

You must achieve this monthly, or as an average all through each month of the year, you must achieve the calculated %.

My Conclusion: IT IS NOT POSSIBLE! IT IS NOT POSSIBLE!! IT IS NOT POSSIBLE!!!

Consequences: You are putting yourself and your trading plan under pressure, why don't you hope for a more realistic monthly average profit %, say 20%, and expect to obtain a total of about 240% yearly profit. This is very achievable.....Just a piece of sincere advice from my genuine experience.

Selah
Impossible is nothing my brother. In doing this I aim to learn and improve on my skills. I am not afraid of failing, it's part of the process. However, I am optimistic I will make it sir.
Just like in the competition, I am already out. Next time I will try another approach based on my current strategy. I use H4 and 1:400 and sometimes it takes long for my trades to materialize and that doesn't suit the competition 1:25 and two week time line. Next competition I will try something different until I figure out what is better for 1:25 and short term based on what I trade.

3 Likes

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