But , since we are talking about forex and not coin tosses,those 128 traders (assuming they are traders) would all fail or succeed because they would all follow the same analysis more or less.10 into 1k in a day is hypothetically possible, but only if suicidal risks are taken.
If you can double your money with a 50% chance of success and a 50% chance of losing it all, your $10 could follow this path:
$20 50% chance of success (1 in 2)
$40 25% chance of success (1 in 4)
$80 12.5% chance of success (1 in 8)
$160 6.15% chance of success (1 in 16)
$320 3.125% chance of success (1 in 32)
$640 1.5625% chance of success (1 in 64)
$1280 0.78124% chance of success (1 in 128)
So, if 128 traders keep splitting into 2 equal groups and taking a 50/50 chance of 100% gain or loss, 127 will fail and 1 will succeed.
Of course, the broker is grabbing spread, so doing this really means a slightly less than 50/50 chance each time. It would be simpler and easier to just get 127 of your friends together, each put $10 on the table, and then have a random drawing to see who walks away with the cash.
Patience is needed , low or high risk .When I first start trading live.....my $50 was turned in $0.90 in 2 weeks, yes I fought 2 weeks with $50
$0.90 was reached due to my fault as I was so confident (my last two trades before reaching $0.90) that I did not placed any SL and slept...both the trades went in the opposite direction (I still can not believe this) and the result is $0.90
I also started with $10 (actually $11) $1 for margin and know what it results...surely not $1000 (lol...)
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