Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,153,459 members, 7,819,674 topics. Date: Monday, 06 May 2024 at 08:36 PM

FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) - Investment - Nairaland

Nairaland Forum / Nairaland / General / Investment / FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) (12046 Views)

Largest Cryptocurrency Exchange Hacked! Over $1 Million Worth Bitcoin And Ether / Naira Drops To N500 To $1 / FXCRAFT : YOUR GATEWAY TO FINANCIAL FREEDOM (Subscribe now!) (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by flybiz08(m): 10:19am On Mar 06, 2016


NOTE
: I have rebranded to FXCRAFT as a team. Our services are no longer free. Please bear with me as we have other professionals in the team to ensure our clients maximize their success.




WHO I AM : A Forex trader who trades the Forex market for a living with over 8 years experience.



WHAT I DO : Trade the Forex market on intra-day basis sharing trade thoughts, execution and analysis (technical and fundamental) with the
sole aim of achieving success.


ACCOUNT DETAILS : The Master account which will be displayed has already suffered huge losses in the past and was traded by one of my
followers. I shall convince followers that anything is possible when you have focus, determination and finesse. In that
regard, I have deposited a small capital to achieve that aim.
(This is just a display account and one of the accounts I trade)


HOW POSTS WILL BE ORGANISED : Every Instant Live trade will be available on Whatsapp only!
At the end of every trading day, I shall post all trades with explanations if necessary.
At the end of every week/month, a snapshot of my stats will be available on this forum.


IS IT FREE : This service is totally free! For traders who have a dearth of investment confidence and newbies who still find it daunting, this is
the right thread for you.



HOW CAN I GET THE LIVE TRADES : Whatsapp only! Join my group, FX CRAFT on +2348157946628.
(Please only meaningful posts are allowed on that forum as well as this thread)



TRADE DESCRIPTION : Essentially, I employ both Technical and Fundamental indicators. I trade without Take Profit or Stop Loss and
NEVER against the trend. I do not scalp the markets!




WHO CAN BENEFIT : Both new traders and professional traders.


WHAT IS YOUR MISSION : 1. To convert $196 to $1 million with public witnesses
2. To convince my followers that financial freedom is possible through Forex trading.


WHAT IS YOUR VISION : To become the largest hedge fund investment hub in the world in 15 years.


MOTTO : Yes we can!




WHAT ARE YOUR CONTACTS : 1. Whatsapp : +2348157946628 (recommended)

2. Twitter : @FXCRAFTservice




NB : I shall be launching a separate group into trading Stocks, Futures, Commodities and Equities. If you're a trader in any of these instruments, stay tuned!


UPDATE
The following monikers have been approved for this thread; @baylord77, @suzyFXCRAFT, @FXCRAFT

1 Like

Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by powerfulsettingz: 10:23am On Mar 06, 2016
I can't even comprehend this

1 Like

Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by flybiz08(m): 10:28am On Mar 06, 2016
powerfulsettingz:
I can't even comprehend this


Thank you for replying. If you are confused with any of my posts, please kindly indicate your area of difficulty and i'll do my best to explain in detail.




#FXCRAFT
Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by Nobody: 3:34pm On Mar 06, 2016
Hi bro,

I must commend your determination, and pray that you would achieve your aim, of course as a professional trader too I know anything is possible in the financial market however your dream has 1 very important flaw and that is the none application of Stop loss points in your trades, this exposes your portfolio to absolute risk of loss.

As I said earlier, I hopefully pray you succeed In Your quest.
Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by flybiz08(m): 7:01pm On Mar 06, 2016
oohrhiifx:
Hi bro,

I must commend your determination, and pray that you would achieve your aim, of course as a professional trader too I know anything is possible in the financial market however your dream has 1 very important flaw and that is the none application of Stop loss points in your trades, this exposes your portfolio to absolute risk of loss.

As I said earlier, I hopefully pray you succeed In Your quest.



Thank you for your response.

Stop losses are never guaranteed in any financial markets especially when 'gaps' occur. I am happy that you're a professional trader and you'll agree with me that the 'Stop Loss' function is a tool with which most retail brokers exploit their clients.


In contemporary trading, big time traders do not depend on Stops. i have big hedge fund traders as friends and none make use of the Stop Loss function. No trader with an account over $1 million would risk a particular amount of pips. What they do is hedge the trades or exit positions to curtail losses.

I have been profitable over the years with my strategy and I'm an advocate of trading without Stops and Take Profit. Trade with the trend only and exit when reversals are formed.


If you have further concerns, I shall be willing to throw more light on the subject. A happy trading week to you. I have also decided to attach the link to a professional trader I know personally who organised a class on Forex Trading. Hope the video helps.


Thank you.




https://www.youtube.com/watch?v=6tBJ6-zsb9s

1 Like 1 Share

Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by jamace(m): 7:41pm On Mar 06, 2016
OP, do you use indicators? If yes, can you share with us?
Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by Nobody: 11:18pm On Mar 06, 2016
flybiz08:



Thank you for your response.

Stop losses are never guaranteed in any financial markets especially when 'gaps' occur. I am happy that you're a professional trader and you'll agree with me that the 'Stop Loss' function is a tool with which most retail brokers exploit their clients.


In contemporary trading, big time traders do not depend on Stops. i have big hedge fund traders as friends and none make use of the Stop Loss function. No trader with an account over $1 million would risk a particular amount of pips. What they do is hedge the trades or exit positions to curtail losses.

I have been profitable over the years with my strategy and I'm an advocate of trading without Stops and Take Profit. Trade with the trend only and exit when reversals are formed.


If you have further concerns, I shall be willing to throw more light on the subject. A happy trading week to you. I have also decided to attach the link to a professional trader I know personally who organised a class on Forex Trading. Hope the video helps.


Thank you.




https://www.youtube.com/watch?v=6tBJ6-zsb9s

Thank you for your response.

Now in reply to what you wrote here. Stop loss is the singular and most important tool in the financial market trading, Yes Your Stop loss POINT note the bolded may not be guaranteed when gaps occur in markets and that's beacause when gaps occurs price points are skipped which may include your specified point, but you can be rest assured that the position will be closed immediately at the next available price point. So please correct the above sentence STOP loss is a guaranty tool to help you protect your portfolio. A non guaranty of your specified point during gaps which are rare is different from non functionality of a tool.

As regards your explanation regarding contemporary trading, and you having some institutional traders as friends, I would kindly suggest you speak with them again and get your facts right, No trader.. I repeat no professional trader would expose his portfolio and invest in an instrument on a particular position without taking into considerations the risks involved, your no stop loss advocacy actually proves how non challant you are regarding portfolios. How can you expose a portfolio into the market without proper risk management strategy in place. I see that you referred to your friends managing a million dollars without using stop loss, but hedging the trades, do you also consider how much they trade with per transaction, do you consider the percentage exposure it is to the total account? Ever heard of what is called JENSEN INDEX , TREYNOR INDEX, VALUE RISK MODEL, or MPT? All these are approaches that are being used in measuring the performance of a portfolio and they all include putting the risk management approach as the most important factor, It's risk to reward ratio and how well the portfolio manager has performed. I will suggest you talk to them again bro. Here you are having a 200$ account hoping to get it to 1 million according to you and without stop loss or any risk management strategy in place. What happens if the market goes against you suddenly? What if the same Gap you spoke about happens, and the trade goes against you say 100 pips can you explain how you intend to manage that? You would hedge the trade, with how much ? The same lot size?What if it just keeps going? Remember this is FX not equity or bonds, the price might not come back to your entry point in the next 3 years or more, What about your broker leverage? Margin call point, Unless you are trading with the DD brokers that offers unreasonable leverages which would help you ruin your account anyway, no NDD STP/ECN brokerage company would ever offer you more than 1:500 and even at that, you cannot survive the market without risk management strategy.NO one can and NO portfolio can, even martingale trading strategy which involves unlimited account balance cannot survive it. Google these thins bro.

You said STOP LOSS is a scam by brokers, hearing this singular sentence from you shows how not so experienced you are in the financial markets( no insult intended), you possibly belong to the class of those that believe that their stop loss points is a target for their brokers or the market. If truly bro you understand that stop loss point are comprehensive analytical points which is supposed to render your current trading perspective null when it hits then you would understand how important STOP LOSS is in financial trading success. It is the only tool that helps you to manage and control your risk and losses in these highly volatile, highly leveraged financial market. No one should invest without putting risk into considerations.

As I said I wish you all the best In Your quest, but I am very sure , this thread would be inactive in a matter of weeks, a month max. But then I hope you prove me wrong.

Just in case you're wondering who I am you can check my profile on forexfactory , including an 8 month live account result with live streaming. http://www.forexfactory.com/oohrhiifx#acct.12. Cos every body calls themselves professional traders these days. Quoting years out of nothing.

Best Regards.
Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by flybiz08(m): 12:07am On Mar 07, 2016
oohrhiifx:


Thank you for your response.

Now in reply to what you wrote here. Stop loss is the singular and most important tool in the financial market trading, Yes Your Stop loss POINT note the bolded may not be guaranteed when gaps occur in markets and that's beacause when gaps occurs price points are skipped which may include your specified point, but you can be rest assured that the position will be closed immediately at the next available price point. So please correct the above sentence STOP loss is a guaranty tool to help you protect your portfolio. A non guaranty of your specified point during gaps which are rare is different from non functionality of a tool.

As regards your explanation regarding contemporary trading, and you having some institutional traders as friends, I would kindly suggest you speak with them again and get your facts right, No trader.. I repeat no professional trader would expose his portfolio and invest in an instrument on a particular position without taking into considerations the risks involved, your no stop loss advocacy actually proves how non challant you are regarding portfolios. How can you expose a portfolio into the market without proper risk management strategy in place. I see that you referred to your friends managing a million dollars without using stop loss, but hedging the trades, do you also consider how much they trade with per transaction, do you consider the percentage exposure it is to the total account? Ever heard of what is called JENSEN INDEX , TREYNOR INDEX, VALUE RISK MODEL, or MPT? All these are approaches that are being used in measuring the performance of a portfolio and they all include putting the risk management approach as the most important factor, It's risk to reward ratio and how well the portfolio manager has performed. I will suggest you talk to them again bro. Here you are having a 200$ account hoping to get it to 1 million according to you and without stop loss or any risk management strategy in place. What happens if the market goes against you suddenly? What if the same Gap you spoke about happens, and the trade goes against you say 100 pips can you explain how you intend to manage that? You would hedge the trade, with how much ? The same lot size?What if it just keeps going? Remember this is FX not equity or bonds, the price might not come back to your entry point in the next 3 years or more, What about your broker leverage? Margin call point, Unless you are trading with the DD brokers that offers unreasonable leverages which would help you ruin your account anyway, no NDD STP/ECN brokerage company would ever offer you more than 1:500 and even at that, you cannot survive the market without risk management strategy.NO one can and NO portfolio can, even martingale trading strategy which involves unlimited account balance cannot survive it. Google these thins bro.

You said STOP LOSS is a scam by brokers, hearing this singular sentence from you shows how not so experienced you are in the financial markets( no insult intended), you possibly belong to the class of those that believe that their stop loss points is a target for their brokers or the market. If truly bro you understand that stop loss point are comprehensive analytical points which is supposed to render your current trading perspective null when it hits then you would understand how important STOP LOSS is in financial trading success. It is the only tool that helps you to manage and control your risk and losses in these highly volatile, highly leveraged financial market. No one should invest without putting risk into considerations.

As I said I wish you all the best In Your quest, but I am very sure , this thread would be inactive in a matter of weeks, a month max. But then I hope you prove me wrong.

Just in case you're wondering who I am you can check my profile on forexfactory , including an 8 month live account result with live streaming. http://www.forexfactory.com/oohrhiifx#acct.12. Cos every body calls themselves professional traders these days. Quoting years out of nothing.

Best Regards.




Thank you for your criticism.

Professional trading is a relative term and it all depends on what methodology brings in the bucks. I am here to prove a point and the early angst from your response is unwarranted. If you're a pro, I do not disagree; you can open a thread and lets follow you with meaningful arguments.


I gain nothing by claiming I have hedge fund managers who are my good friends. I've worked and shared ideas with many of them. They do not use Stop Loss. Please WATCH the said video I uploaded. I can send you more videos of traders with millions of $$. They do not use Stop Loss.


It is important to note that the Stop Loss function is a primary tool in retail forex broker platforms. With larger volumes on Prime brokers, a stop order is strictly an equal volume in the opposite direction. Let me stop here before we delve into the realm of FIFO.


I looked up your Forexfactory link and discovered you joined in February 2016 with a leverage of 500:1. I really do not know of any professional that trades with such a high leverage. You may have your methods but as long as you stand out, I wish you well.


You can continue to follow my posts and trades. Just maybe a new concept of trading which defies your principles will amaze you. There are many ways to trade forex but Money Management and results are what matters.


I implore you read thoroughly before making arguments. The Live account displayed here has been battered by a follower and I have painstakingly deposited $196 to prove a point. Its up to me to make the $1 million feat possible. If you can't achieve such a feat, others can!


I wish you a prosperous trading week. I'm willing to see snapshots of your account on my thread as we progress.


Best regards.



#FX CRAFT
Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by flybiz08(m): 12:14am On Mar 07, 2016
jamace:
OP, do you use indicators? If yes, can you share with us?


Thank you for your response.

Yes I trade with indicators which span fundamental and technical lanes. I hope to discuss more about indicators as we proceed and how to use them.


I strongly advise that you join my Whatsapp group on +2348157946628 for instant Live trading signals.


Best Regards.



#FX CRAFT
Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by Nobody: 12:39am On Mar 07, 2016
flybiz08:





Thank you for your criticism.

Professional trading is a relative term and it all depends on what methodology brings in the bucks. I am here to prove a point and the early angst from your response is unwarranted. If you're a pro, I do not disagree; you can open a thread and lets follow you with meaningful arguments.


I gain nothing by claiming I have hedge fund managers who are my good friends. I've worked and shared ideas with many if them. They do not use Stop Loss. Please WATCH the said video I uploaded. I can send you more videos of traders with millions of $$. They do not use Stop Loss.


It is important to note that the Stop Loss function is a primary tool in retail forex broker platforms. With larger volumes on Prime brokers, a stop order is strictly an equal volume in the opposite direction. Let me stop here before we delve into the realm of FIFO.


I looked up your Forexfactory link and discovered you joined in February 2016 with a leverage of 500:1. I really do not know of any professional that trades with such a high leverage. You may have your methods but as long as you stand out, I wish you well.


You can continue to follow my posts and trades. Just maybe a new concept of trading which defies your principles will amaze you. There are many ways to trade forex but Money Management and results are what matters.


I wish you a prosperous trading week. I'm willing to see snapshots of your account on my thread as we progress.


Best regards.



#FX CRAFT

I think am loving this.

The concept of sharing the link is not about when I joined the forexfactory, it's about the account performance of a longer term trading using Stop loss and adequate risk management strategies.

As regards watching the YouTube video, any body can upload on YouTube, and of course free to share whatever perspective he or she has, but that doesn't mean he or she is saying the right thing. The question is how do you measure the performance of a portfolio without putting into considerations the risk management strategies. How do you prevent a portfolio from loss, the market is fractal and no one can predict the market accurately 100%. If you agree to this, then explain how do you manage it when it goes against you. Also aside from this budding one, can you actually provide a link to show your previous managed accounts, don't post statements, just present a live feed link, anyone can copy anyone's statement.

I do not mean to sound offensive, the main issue here is that lets call a spade a spade. You omitted so many questions in the previous post. Why don't you answer them, don't just say you have friends, anybody can claim anything, the thing is tell us how their portfolio management performance is measured.

I read in your previous post you have been trading for X number of Years, can you provide a feed for some of your managed accounts?

You spoke about leverage, leverage is the money available to you by your broker in order to increase your trading activity, choosing it is different from using it, normally I do not use leverage, I trade within the confines of my account,and that can be observed by the number of trades have taking in during these months, and the number of trades per any trading session. Any skillful trader would not miss that detail I trade just a trade per trading investment, how then can I use the leverage? It's mandatory to select and I prefer selecting the highest just to keep the opportunity in case I need it.

As regards when I joined forexfactory, though not really relevant but since you brought it up I have an account that dates back to 2008. I only created this new one because the other has become dormant and I can't post with it.Thing is I have other performing accounts, and if you so wish I'll post the link to the old forexfactory account with life trade link to another of my trading account with another broker, just ask.

It just sounds funny to me reading this about stop loss being a retail function, are you a whole seller, how many lots do you trade with per transaction, you have a 97$ account and you are talking about some function about retail trading, please tell me about institutional trading when you have an ECN account with Saxo bank or Ducascopy. Even with 1 million $ deposit you are still a retail trader bro. Stop twisting words here.

I don't post screenshots no time for that, am a very busy analyst really (no bragging here) with a financial advisory company to run but then you have the link here, you can click on it anytime and you will see the updates of the account and I'll provide the other tomorrow with older registration and another live account feed. Just to satisfy you.

I will definitely be on the look out for this thread. You got my attention already bro don't worry.

Best Regards.
Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by flybiz08(m): 5:36am On Mar 07, 2016
Good morning to you all.

Let's make a quick rundown of the markets in retrospect.



Fundamentally, USD = 1. US stocks rallied last week with shift of money to risk appetite currencies.
2. Non Farm Payrolls showed employers added 242k jobs against a forecast of 195k with a previous value of 172k.
3. Speculations were rife that the Fed might raise interest rate.


GBP = 1. Brexit concerns dominated the week. In spite of that, the pound made gains last week.

EUR = Markets were concerned on the next step for the ECB. Quantitative easing (QE) seemed priced by the market as that
seem to be the only tool to prop the EUR economy.

AUD = The Australian economy expanded 0.4% last quarter of 2015.


FOCUS THIS WEEK
I do not expect any drastic change in trends for Monday as we do not have any major event. Remember that if the current slowdown in China continues, it may be a source of concern for investors and more money will flow into save havens especially GOLD. Crude oil saw a gains earlier last week which it quickly lost at the end of the week.

Tuesday = BOE chairman speaks (Carney, the current BOE chairman was the former governor of BOC)

Wednesday = BOC AND RBNZ rate statements

Thursday = Draghi of the ECB speaks.

These events will shape the later part of the week.


Some interesting patterns for today. I've also attached a chart indicating the performances of major pairs last week.



I wish you a successful trading week ahead.


Best regards.




#FX CRAFT

Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by teemy(m): 7:44am On Mar 07, 2016
flybiz08 and oohrhiifx each of you has given valid points but we all know results are what matters. for me i lean on the side of using stop loss points and would bite off the ears of any student of mine that fails to do so but miracles do happen.
Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by teemy(m): 7:45am On Mar 07, 2016
by the way op what is the estimated period to hit the 1 million target?
Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by Edd1e(m): 10:42am On Mar 07, 2016
teemy:
by the way op what is the estimated period to hit the 1 million target?
Maybe a century.... Lol


Just kidding around.....

1 Like

Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by flybiz08(m): 4:42pm On Mar 07, 2016
teemy:
by the way op what is the estimated period to hit the 1 million target?


Thank you for your response.

Estimated time for completion is 5 years.



Best regards.



#FX CRAFT
Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by teemy(m): 5:09pm On Mar 07, 2016
flybiz08:

Thank you for your response.

Estimated time of completion is 5 years.

Best regards.

#FX CRAFT

What is the monthly target?
Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by teemy(m): 5:14pm On Mar 07, 2016
Edd1e:

Maybe a century.... Lol


Just kidding around.....
After enjoying your post it is pertinient to say that as real money is involved it is not a joking matter. cheers

1 Like

Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by teemy(m): 6:59pm On Mar 07, 2016
flybiz08:



Thank you for your response.

Estimated time of completion is 5 years.
Best regards.
#FX CRAFT
also would you be working with simple or compounding interest in calculating profits and lot sizes?
Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by flybiz08(m): 6:51am On Mar 08, 2016
teemy:
also would you be working with simple or compounding interest in calculating profits and lot sizes?


Hi teemy,

I will be working with the compounding module as that is the only way this feat can be achieved.




Best regards.





#FX CRAFT
Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by flybiz08(m): 6:55am On Mar 08, 2016
teemy:


What is the monthly target?


Thanks for your question teemy.


I average 10 - 20% monthly although this can fluctuate higher or lower than this target range as markets are speculative entities. There will be some losing months and there will be months when profits will exceed our expectation.

In all, consistent results are what matters.



Best regards.




#FX CRAFT
Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by teemy(m): 7:46am On Mar 08, 2016
flybiz08:

Hi teemy,
I will be working with the compounding module as that is the only way this feat can be achieved.
Best regards.
#FX CRAFT
flybiz08:

Thanks for your question teemy.
I average 10 - 20% monthly although this can fluctuate higher or lower than this target range as markets are speculative entities. There will be some losing months and there will be months when profits will exceed our expectation.
In all, consistent results are what matters.
Best regards.
#FX CRAFT

Nice, I inputed values into my calculator and got projected values for your system on how I would have used it if I was to create your result. It would take exactly 90 months to make a million. Reverse engineering using the formular a*r^n for compounding interest,

estimating 10% (using lover value) monthly returns

a=196 starting balance
r=1.1 as the new month would have a balance or 1-1 times the previous month's balance
n=90 number of months.

a*r^n = 196*1.1^90 = 1,041,352

Also your pip target would be at 100 pips stop loss

2060 pips monthly or 103 pips dailyat .5% risk or
1030 pips monthly or 51.5 pips daily at 1% risk or
515 pips monthly or 25.75 pips daily at 2% risk

90 months 7.5yrs, target (1,136,376) could be reached in 62 months (5yrs + 2months) at 15% montly ROI.

Very feasible! All the best dear. I'll keep watching

1 Like

Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by Nobody: 8:22am On Mar 09, 2016
teemy:



Nice, I inputed values into my calculator and got projected values for your system on how I would have used it if I was to create your result. It would take exactly 90 months to make a million. Reverse engineering using the formular a*r^n for compounding interest,

estimating 10% (using lover value) monthly returns

a=196 starting balance
r=1.1 as the new month would have a balance or 1-1 times the previous month's balance
n=90 number of months.

a*r^n = 196*1.1^90 = 1,041,352

Also your pip target would be at 100 pips stop loss

2060 pips monthly or 103 pips dailyat .5% risk or
1030 pips monthly or 51.5 pips daily at 1% risk or
515 pips monthly or 25.75 pips daily at 2% risk

90 months 7.5yrs, target (1,136,376) could be reached in 62 months (5yrs + 2months) at 15% montly ROI.

Very feasible! All the best dear. I'll keep watching


Nice write up,

Unfortunately, your write up has two most important flaws.

1: The most important factor, market behavior, what if the market did not really trend, and just keeps consolidating within a particular channel, what if the market starts acting weird and randomly, what if all his tools wouldn't just work for some times, worse he trades on 15 minutes timeframe, the market forces...

2: You did not put into consideration the lot size, you only calculated the required potential portfolio growth and the number of months required, without putting into perspective how the expected potential growth would come about. Lot size is the most important thing please recalculate and see how surprised you would be. You did not put into consideration in your calculation trading losses. Even though I understand that daily losses wouldn't matter so long the monthly target can be achieved, however if a large lot size is decided to be risked on a particular trade which eventually leads to a large loss on the account the so called calculation will be null. trading success is not pure mathematics, as you cannot just predict to make 15% increase on your account every month

As I said, let's wait and see the updates. We can all talk and analyze but then price is king.

Happy trading to us all.

Regards.
Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by AgoraRoad(m): 8:24am On Mar 09, 2016
Dear Nairalanders,
The aim of this message is to bring ideas, mentors and potential investors/entrepreneurs together with a view to creating jobs, reducing poverty and creating wealth.
This has become necessary because we have observed that a lot of people have funds but lacked the right investment idea(s) while others have investment information but no funds. Therefore, we want to bring everyone under one roof basically to share investment information and we believe that new partnerships can also be forged in the process.
However, every information or personality should be independently verified before taking any action.
Good people, get the ideas rolling in. Mentors are encouraged to volunteer. Let's make Africa great.
I will make a new user group so only nairalanders will be apart of. here is my website. create an account and comment so i can add you.
Here is the link

http://thebizness.org/viewtopic.php?f=37&t=43&sid=4bf723bae6a02268fb4f0b86c1512209
Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by teemy(m): 8:49am On Mar 09, 2016
AgoraRoad:

Dear Nairalanders,
The aim of this message is to bring ideas, mentors and potential investors/entrepreneurs together with a view to creating jobs, reducing poverty and creating wealth.
This has become necessary because we have observed that a lot of people have funds but lacked the right investment idea(s) while others have investment information but no funds. Therefore, we want to bring everyone under one roof basically to share investment information and we believe that new partnerships can also be forged in the process.
However, every information or personality should be independently verified before taking any action.
Good people, get the ideas rolling in. Mentors are encouraged to volunteer. Let's make Africa great.
I will make a new user group so only nairalanders will be apart of. here is my website. create an account and comment so i can add you.
Here is the link

http://thebizness.org/viewtopic.php?f=37&t=43&sid=4bf723bae6a02268fb4f0b86c1512209

Thanks for the info as there are probably those that would benefit from it but could you create another thread as this one is purpose specific as stated by the OP. You are of course free to contribute in line with the ongoing discussion. Cheers
Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by teemy(m): 9:07am On Mar 09, 2016
oohrhiifx:



Nice write up,

Unfortunately, your write up has two most important flaws.

1: The most important factor, market behavior, what if the market did not really trend, and just keeps consolidating within a particular channel, what if the market starts acting weird and randomly, what if all his tools wouldn't just work for some times, worse he trades on 15 minutes timeframe, the market forces...

From my analogy all he needs to do is to NET between 25.75 pips (2% risk) and 103pips (.5% risk) daily to achieve a monthly target of 10%. I even widened stop loss estimate to 100 pips. How he does this depends on him his trading system. No one comes up to a forum like this and tries to let the world see his/her performance without the liver to prove their claim. flybiz08 certainly has his.


2: You did not put into consideration the lot size, you only calculated the required potential portfolio growth and the number of months required, without putting into perspective how the expected potential growth would come about. Lot size is the most important thing please recalculate and see how surprised you would be.

I did, I just did not want to bore the thread with calculations. I attached two pictures. For lot size to be usable he needs to use a cent type of account that is why in the second picture his balance would be starting from 19600 (cents)



You did not put into consideration in your calculation trading losses. Even though I understand that daily losses wouldn't matter so long the monthly target can be achieved, however if a large lot size is decided to be risked on a particular trade which eventually leads to a large loss on the account the so called calculation will be null. trading success is not pure mathematics, as you cannot just predict to make 15% increase on your account every month
As stated before all he needs to do daily is NET between 25.75 and 103 pips daily. It is not so hard to do. What most fail to do is planning on how to achieve a determined end. Left to me my target period would be a year in making the 1 million as my appetite is wider.
Aiming for 10% monthly means 0.5% daily and if it was 15% monthly it is 0.75% daily.


As I said, let's wait and see the updates. We can all talk and analyze but then price is king.
Happy trading to us all.
Regards.

Let's watch along with him. Cheers

Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by teemy(m): 9:21am On Mar 09, 2016
I guess flybiz08 is just being humble here. There is no nigerian trader worth his salt under good trading condtitions of good internet access and unlimited power that can't make 50% conveniently every month.

1 Like 1 Share

Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by Nobody: 10:50pm On Mar 09, 2016
teemy:
I guess flybiz08 is just being humble here. There is no nigerian trader worth his salt under good trading condtitions of good internet access and unlimited power that can't make 50% conveniently every month.

Really?

Do you make 50% monthly on your account?

And did you really base your calculation on 103 Green pips [font=Lucida Sans Unicode][/font]everyday! Sure thing! As in every blessed trading day!? You are probably joking right?
No trader, I repeat no trader can promise you that everyday, consistently, if it were to be that easy everyone would be successful in financial market trading. That up there u said is a bad motive for financial investment. It is better to analyze the market by the day. The market is fractal my bro/ sis( you didn't indicate your sex) if any of these so called self acclaimed analyst or trader should claim that for you, just ask for a 3 month recent statement from that person. It's simply impossible even George soros or buffet wouldn't promise you 103 green pips everyday in this highly leveraged and volatile market.103!

I hope your man keeps posting updates on the accounts for us, but I tell you teemy in a month time or two max ill resurrect this thread and remind you guys that I told you it's going to be abandoned.

103 pips daily no risk management strategy, no real analytical method, 15 minutes time frame, swing trader, 1 million dollars target in 90 months, ITS DEAD ON ARRIVAL! But then am hoping to learn more sha. Miracles do happen.

By the way teemy, that was an impressive mathematical expression there, I'll send you a pm.

Best Regards.
Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by flybiz08(m): 2:12am On Mar 10, 2016
Hi everyone,

I thank you all for your contributions.


@oohrhiifx
Please be optimistic. There are a lot of wounded traders who just need that glimmer of hope. I did not promise this venture will be devoid of vicissitudes but the terminal outcome will be our set target. I'll post results monthly and to think that I'd abandon this thread is preposterous. Kind encouraging words and tone would be well appreciated since we're into the same business and want results long term. Your pessimism and vilification not helping my cause.


@teemy
Beautiful calculation you put up there. To be honest, even in my best months, I've never realized +50 pips daily profit consecutively. There may be traders who can deliver on such fronts but I'm yet to come across any. Oohriifx rightly pointed that out. Please @teemy, can you teach me how you quote multiple users in one post and sections of a user's post you want to quote?



Update so far:
Markets very uncertain and affecting results but we've got 2 more weeks before the month ends. I'll post pics of the account as follow up at the end of the month.



Best regards.




#FX CRAFT
Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by teemy(m): 8:13am On Mar 10, 2016
flybiz08:
Hi everyone,

I thank you all for your contributions.
@teemy
Beautiful calculation you put up there. To be honest, even in my best months, I've never realized +50 pips daily profit consecutively. There may be traders who can deliver on such fronts but I'm yet to come across any. Oohriifx rightly pointed that out. Please @teemy, can you teach me how you quote multiple users in one post and sections of a user's post you want to quote?

Best regards.
#FX CRAFT

By default whwnever you click on 'Quote' from a post you get what is in the black circle. It gives the user you are quoting as well as the ID of the post so that when username is hyperlinked it leads to the origin of that quote. You can edit out whatever you do not want but try not to break the tags. You can seperate a complete quote into segments e.g

[ quote ] starts a quote
[ /quote ] ends a quote

[ quote ]
This is the first line
This is the second line
This is the third line
[ /quote ]


[ quote ]This is the first line[ /quote ]
Your response to first line

[ quote ]This is the second line[ /quote ]
Your response to second line

[ quote ]This is the third line[ /quote ]
Your response to third line

N.B I intentionally put in extra spaces so that the quote tags are not functional as in the red circle.

You can lift a user's comments into a quote by clicking on the blue circle part 'Quote Post'.

[ b ] bold tag
[ /b ] end of bold tag

and so on. You can also spy out how a functinality was made by looking at the post's source by attempting a quote.

Cheers

Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by teemy(m): 8:26am On Mar 10, 2016
oohrhiifx:


Really?

Do you make 50% monthly on your account?

And did you really base your calculation on 103 Green pips everyday! Sure thing! As in every blessed trading day!? You are probably joking right?
I know who I am. Check the rankings first six. By the way I am the handsome dude in my nairaland dp. wink*
http://alpari.com/en/contest/rating/virtual_reality/#gray&tab=total


I hope your man keeps posting updates on the accounts for us, but I tell you teemy in a month time or two max ill resurrect this thread and remind you guys that I told you it's going to be abandoned.

103 pips daily no risk management strategy, no real analytical method, 15 minutes time frame, swing trader, 1 million dollars target in 90 months, ITS DEAD ON ARRIVAL! But then am hoping to learn more sha. Miracles do happen.
Sure I know the future of such a system that is why I was stylishly trying to lure him to at least use 100 pips stop loss instead of none to keep his account alive but then he just might be the exception. grin
Remember I put in more pip targets like the 51.5 pips and 25.75 pips which would have him risking 1% and 2% respectively per trade.


By the way teemy, that was an impressive mathematical expression there, I'll send you a pm.

Best Regards.
You can make it all public on the forum, there is no need hiding any thing as I would respond to mentions. Protects members from scam.
Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by Nobody: 4:34pm On Mar 10, 2016
teemy:

I know who I am. Check the rankings first six. By the way I am the handsome dude in my nairaland dp. wink*
http://alpari.com/en/contest/rating/virtual_reality/#gray&tab=total

But that's a virtual account,anybody can do anything in virtual bro. I can see from the list you won 350$ could you kindly provide the link for the live..? That would make more sense. Don't mean to sound cocky, I just want to see how you have been able to make 50% everyday that's all.

flybiz08:
Hi everyone,
@oohrhiifx
Please be optimistic. There are a lot of wounded traders who just need that glimmer of hope. I did not promise this venture will be devoid of vicissitudes but the terminal outcome will be our set target. I'll post results monthly and to think that I'd abandon this thread is preposterous. Kind encouraging words and tone would be well appreciated since we're into the same business and want results long term. Your pessimism and vilification not helping my cause.
#FX CRAFT
Bro, am not trying to discourage you neither am I saying it's impossible, I just don't want us putting out there unrealistic terms, the target is achievable but the terms and conditions are out of the reason. Just because of these so called wounded traders that's why I am trying to say this things, normally I don't commend on fx issues, and I have seen a lot of BS here on Nairaland with different people claiming different silly things but u sounded serious hence my input on the issue. I sincerely hope all goes well for you bro, why would I hate or want you to lose , with more than 5 trillion dollars playing around,the sky is wide enough for everyone, just lets make sure we stick to the normal rules. That's all.

Happy trading to us all.

Regards.
Re: FXCRAFT : $196 TO $1 MILLION 'LIVE' ACCOUNT TRADING (Subscribe Now!) by teemy(m): 7:22pm On Mar 10, 2016
oohrhiifx:
anybody can do anything in virtual bro.
it is still ongoing. am glad you were not 'impressed' as most get carried away and beg for managed accounts. can never drop live details/history except for pamm account.

(1) (2) (3) (Reply)

12 Months Forex Challenge. / Buy Or Sell Bitcoin From A Reliable Merchant Pufftech Exchange / The Fraudulent Crypto Currency Called Gcch Coin. Beware!!!!!!!!!!!!!!!!!!!!!!!!!

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 157
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.