Aluspecialty:
I sincerely admire your optimism. Impossible is something, many things are not possible, there is a big difference between fact and belief.

My posts are not to discourage you but to keep you more realistic.......again, I will say paper thoughts are different from reality in this business, I was once like this.

I guess what we all have to do is wait and watch! I respect your opinion. However, I have seen that you are up 9% already in the contest. Are you saying its luck?

Aluspecialty:
Not luck, I have been doing that for the past 3 contests......Check it.

It is not luck, it is a reasonable and realistic profit % in a week or month and not the 159% monthly profit you aim at.

That's where you did your maths wrong. What I need is 29% of my monthly starting capital to achieve that.

Aluspecialty:
You said your target is to make 1:20 in 12months, and further explained that you mean turning $2,000 to $40,000 in 12months. 29% of your capital per month cannot achieve that.........
profit per month = 29% of 2,000 = $580
12months profit = $580 x 12 = $6,960.

This is not a $38,000 profit you are expecting to get, so do your maths again.

Whereas, my analysis says
profit per month = 159% of 2,000 = $3180
12months profit = $3180 x 12 = $38,160......................which I mentioned it is not achievable

After 12 months we will do the maths again.

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

Well, I think he wants to compound the monthly earnings. If that's his intention then he needs about 30% monthly profit to achieve his target.

NetValueFX:

After 12 months we will do the maths again.

I believe in you. Let's make it happen.

Even if you don't get that 1 : 20.

At least get 1 : 5.

Nobody is putting you under pressure.

Relax and take your time.

The markets has been before our grand parents were born and will still be after we become grandparents.

No rush.

Aluspecialty:
I know you are looking at compounding, by compounding on a 29% of monthly start balance gives a profit of $40,472 in 12months, when added to the capital, total balance after 12months becomes $42,472........Like I said, this is paper trading expectation, not reality.

FX compounding does not work like that, I always advise people to think of compounding after every 6months and not every month, cos you will blow the account in 2 to 3 months.

Okay, now you know the maths. What's left is to make it work out of paper. Lewandoski scored 5goals in 9minutes. Ordinarily such a record would be termed unachievable.
I love the fact that you doubt the feet, it's a reason to achieve the feet.
What will you do if the account don't get blown in 3 months?

Gozzylala:


Well, I think he wants to compound the monthly earnings. If that's his intention then he needs about 30% monthly profit to achieve his target.

29%. Approx 30% as you said. I am certain some months will be short of 30% while some would be above 30%. The first three months will give us all a clearer picture of the potentials ahead.

NetValueFX:

0.02 per 1k on weeks with no Red news and 0.01 per 1k on weeks with Red news

. If you trade minimum of H4 as you said, then you should careless about news. News hardly affect any time frame from H4 and above.

Babaloko02:
. If you trade minimum of H4 as you said, then you should careless about news. News hardly affect any time frame from H4 and above.

News does affect H4 even up to D1.

Aluspecialty:
It's possibility is very slim, 0.0001% BUT I appreciate your courage and will wish you success

Hahahaha... Village person. 0.0001%? I still hold on that very 1 you have there.

ILovebigyansh:


I believe in you. Let's make it happen.

Even if you don't get that 1 : 20.

At least get 1 : 5.

Nobody is putting you under pressure.

Relax and take your time.

The markets has been before our grand parents were born and will still be after we become grandparents.

No rush.

Thanks. Impossible is nothing. People that lived 100years ago would not understand this world if they come back alive cause a lot will seem unachievable

Keenly following this post...

NetValueFX:

Thanks. Impossible is nothing. People that lived 100years ago would not understand this world if they come back alive cause a lot will seem unachievable

The word impossible means I 'm possible ,so y arguing on this na,he said he can do it,you can't do it doesn't mean another person can't na

NetValueFX:

Thanks. Impossible is nothing. People that lived 100years ago would not understand this world if they come back alive cause a lot will seem unachievable

Yes.

I personally don't believe impossibility in itself is a word because nothing is impossible.

I know in any profession in life there's always a top 10%.

And among that top 10% pertaining to currency trading a lot of them would have achieved this feat.

Aluspecialty:
Reply without insulting, cultivate that. I will see who the village person is soon.

I didn't mean it as an insult sha. I don't need to cultivate anything, I am not into farming

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

Were you compounding his gains?
Or you just took the easy route and calculated using simple interest?

Please run your calculations again, this time using compound interest.

Tinyemeka:


We're you compounding his gains?
Or you just took the easy route and calculated using simple interest?

Please run your calculations again, this time using compound interest.

Another way to calculate it is using geometric progression.
Where A= is initial capital. R=1.29, n-1= 12(month)

NetValueFX:

Another way to calculate it is using geometric progression.
Where A= is initial capital. R=1.29, n-1= 12(month)

Why are you stressing yourself now.

This is barely 1 month into the challenge, you still have 11 months to go.

After all it's your money.

Let anybody say whatever, you just do your thing.

ILovebigyansh:


Why are you stressing yourself now.

This is barely 1 month into the challenge, you still have 11 months to go.

After all it's your money.

Let anybody say whatever, you just do your thing.

Nah, not stressing myself at all. Only showing the guy that mentioned compound interest another way to calculate the challenge without compound interest formula.
Definitely, the challenge is just starting. It's only two weeks gone so no fears. Cheers

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Aluspecialty:
Hope you will return here in just 2months to say this again.

Except you are new in this business, you would know that compounding does not work this way; you can only know about this from profitable years of experience. we do not compound every month, else you will blow the account.............learn it the hard way.

From his 29% monthly profit expectation, he expects to compound his gains: this means that he wants to be increasing his lot size every single month, come on, it doesn't work this way............again, he will blow the account in 3months OR will never achieve the said compounded interest......this is the hard truth.

He started on the 28th of March, 2021 with $2084.54 equity, by the 27th of April (1month trading), I want to see a profit of $604.5, he is already 2weeks into this month and losing at -1%, someone that wants to make 29% per month, i.e; I see his current equity of $2,064.49, meaning he is presently at a loss of $20.05 from his last 2weeks of his trading, he has 2weeks remaining to achieve a profit of $624.55 in order to hit his 29% target for the month.

Don't get me wrong, 29% monthly is cheaply achievable, however, compounding your profit every single month is a bobo. He will learn the hard way and thank me later.

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Aluspecialty:
Hope you will return here in just 2months to say this again.

Except you are new in this business, you would know that compounding does not work this way; you can only know about this from profitable years of experience. we do not compound every month, else you will blow the account.............learn it the hard way.

From his 29% monthly profit expectation, he expects to compound his gains: this means that he wants to be increasing his lot size every single month, come on, it doesn't work this way............again, he will blow the account in 3months OR will never achieve the said compounded interest......this is the hard truth.

He started on the 28th of March, 2021 with $2084.54 equity, by the 27th of April (1month trading), I want to see a profit of $604.5, he is already 2weeks into this month and losing at -1%, someone that wants to make 29% per month, i.e; I see his current equity of $2,064.49, meaning he is presently at a loss of $20.05 from his last 2weeks of his trading, he has 2weeks remaining to achieve a profit of $624.55 in order to hit his 29% target for the month.

Don't get me wrong, 29% monthly is cheaply achievable, however, compounding your profit every single month is a bobo. He will learn the hard way and thank me later.

Lol... Its a monthly target, so I don't care about the week. I will not blow the account, never, and I will meet up with my target after 12 months.