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.

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

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.

SavageResponse:


No mind am no so dem dey talk

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.

felixzo1:
Where can we independently verify your trade, register with a third party site

NetValueFX:

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

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

NetValueFX:

E go clear for your eye

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

felixzo1:
seen .good, let's see what you are capable of. please don't run away

NetValueFX:

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

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

Blinkharm:

Can this be possible with a 200k Naira founded account?

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.

gnykelly:


Nigerians get bad bell too much.

Can you teach me how to pick signal

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

VlamesIffect:



Following,

Drop a link to your telegram.

Can't click the one on your profile

NetValueFX:


Copy it and search in telegram. Full telegram link can't be posted on NL.

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

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.

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

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.

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

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