Turn $10 into $1000 in a day by forex trading

arexa

Recruit
Messages
9
I thought I would be reading treasure hunting suggestions on here or betting on a Lotto. :D
I think that is not possible in just one day. It could on the couple of weeks if you are a great trader that doubles or triples that money on a daily basis.
 

Woulter

Banned spammer for 4XP
Messages
10
Absolutely impossible, i'll be happy to convert my 10 dollars in 1.000 in a month, that means the month after i'll have 10.000$!
 

Pharaoh

Colonel
Messages
19,691
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:

$10 Start
$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.
 

LoRio

Sergeant
Messages
479
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:

$10 Start
$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.
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.
Nice thread , makes what flows in your head sparkly.
Now , 10 to 1000
Hmm.
You'd need a multiplier of 100
Not all in one offcourse .You'divide it into smaller Maximum risk trades .!
in 5 steps you need a multiplier of 2.5 . 5 consecutive PROFITABLE trades that multiply by 2,5 each.
But even with the highest leverage you are still looking for massive moves .
Ex , on a 1:500 you'd need 5moves of 125pips each.
So you need to slice down further.
The most "possible" solution would be 30trades of 6 pips each on maximum risk.
and possible is really close to the impossible in this case.
 

Red Herring

Corporal
Messages
388
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...)
 

LoRio

Sergeant
Messages
479
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...)
Patience is needed , low or high risk .
 

RickSanchez

Recruit
Messages
2
It is possible to do it, in 5 trades risking 50% to make 150% so 1 to 3 risk reward so like a 20 pip stop loss and 60 pip tp
obviusly if you lose any trade you will end up with half of what you had before, i have seen people flipping accounts on youtube
I am about to practice this art about 500 times in demo until i get good at it, i guess this is why people who make it in forex dont share their secrets, becaause of all the effort it took
 

nahiyar

Private, 1st Class
Messages
730
It is a very simple and calculated formula as market will be work on your wish. Nothing is as we plan in forex marker. You can make and calculate about targets but this much risk is nor recommended. Thin if you lose your 50% of investment in first trade how you will be able to do next trading according to your plan. This all seems good to say others but in real trading, all things are totally different.
 
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