BluePanther's Posts - Page 56

From $1 to 10 million in New Traders Dec 24, 2013 at 23:39

I find others' assumptions about me amusing. Let me say this:Right now I do not feel "sympathy pains" for myself. I do not consider myself "the victim", despite my scam experiences (unrelated to forex I might add). I made some poor choices, but they have only served to harden my resolve to succeed. I am unashamedly stubborn and arrogant (and proud of it! 😉) and the more I am discouraged or fail, the harder I try. "Where there is a will there is a way".Later, I am sure people will also make assumptions about my financial success and attribute that to my...

From $1 to 10 million in New Traders Dec 23, 2013 at 07:10

That this thread is a lame joke is exactly what you said and how you have treated this. I considered this to be a serious topic, and you can see that from the posts I have made."When you judge another, you do not define them, you define yourself." - Wayne DyerI guess then there is nothing more that I should say. This is your thread, and you are welcome to direct it as you wish. I simply thought my contribution would be beneficial to all. Thank you all for reading my posts and I hope you all enjoy many green pips!

From $1 to 10 million in New Traders Dec 23, 2013 at 06:44

@Rihan : As your last response seemed directed at me, I guess I should do the courteous thing and respond. But I will not sink to your standards and simply attack you as a person - that is not why I am here, nor why you should be here either (so why are you here then?).I will just say: this speaks volumes about your character. I'll let my success be the judge of me. 😎I'll leave you with some quotes in case you need motivation to get started Rihan. Hope you succeed some day!> Men succeed when they realize that their failures are the preparation for their victories. - Ralp...

From $1 to 10 million in New Traders Dec 22, 2013 at 18:19

My willpower to take such risks stems from my mindset that I have nothing to lose and everything to gain:“It is easier for one to take risks and to chase his dreams with a mindset that he has nothing to lose. In this lies the immense passion, the great advantage of avoiding a materialistic, pleasure-filled way of life.” ― Criss Jami 😎I fear nothing except fear itself... and a healthy fear of God.It helps that I have no one I need answer to except myself and God.

From $1 to 10 million in New Traders Dec 22, 2013 at 13:39

I invite you to take a look at the statement. It is a real money statement, not a backtest. Simply because there are only three months included is no reason to assume that the account failed immediately (or any time) after.I am glad to see you are opening your mind to the possibilities...! 😉 Just don't go buying the next program out there promising huge returns until you have done your "due diligence"! 😝

From $1 to 10 million in New Traders Dec 22, 2013 at 13:22

Apologies to you. Actually you are right in that sense. Even though the instructions request you enter "years", the field is labelled "period" and therefore when you look at it you can use it for a monthly calculation. You are correct. 😎eg. 50 years = 38% pa / 12 months = 3.17% per month. But on a compounding basis that would certainly be 2.72% per month.I still disagree with your original point though: You said 'Making 10,000,000$ out of 1$ is not easily achieved not in even 50 years. To make 10,000,000 the trader would need to win consistently 2.72% every mont...

From $1 to 10 million in New Traders Dec 22, 2013 at 12:20

On the calculator, please read the description carefully:"To use the calculator, begin by entering the value of your investment today, or its present value, into the "ending value" field. In the field for "beginning value," enter the initial value you placed into your investment. Finally, enter the number of years that you were invested."Number of years = 600? No one will be around that long so it makes no sense to use 600!-----------------------------------------------------------------------------------------------------------------------------------------------...

From $1 to 10 million in New Traders Dec 22, 2013 at 07:10

@ahuruglica : I like your documentary "Mind Over Money". But it focuses a lot on the small trader's psychology and blames the public, when in fact there are bigger players that influence the market to the extent of the Great Depression and Global Financial Crisis of 2008. Do you think it possible that GFC 2008 was used like the Great Depression to steal the wealth of the middle class and for other subversive motives? Just remember the Federal Reserve and all central banks of the world are private banks, and then look at the results of their actions (eg. quantitative easing, inter...

From $1 to 10 million in New Traders Dec 22, 2013 at 04:47

@c3po : True, most pps would start with more than simply $1. But from $1.00 to $1.01 is a 1% gain - NOTHING in forex!@ahuruglica : You said "Making 10,000,000$ out of 1$ is not easily achieved not in even 50 years. To make 10,000,000 the trader would need to win consistently 2.72% every month for 50 years which is harder than to going to the Moon (the technology to go to the moon exist)."I politely disagree. I have used a compound annual growth calculator available at http://www.investopedia.com/calculator/cagr.aspxMy results: From $1 to $10million in 50 years will require a compound...

From $1 to 10 million in New Traders Dec 21, 2013 at 00:32

...and maybe if you haven't "made it" you need to prove to the world (and yourself) that you are right? Each to their own opinion, however the fact that it IS possible makes everyone try, yet only 1% succeed. 99% fail as they attempt once and give up, and then spread discouragement to others in order to try to prove they are right, and that forex is simply gambling or a scam.You are obviously frustrated at your lack of success, however please don't discourage others by making lame joke threads. Everything happens for a reason. People fail because they need to learn something....

From $1 to 10 million in New Traders Dec 20, 2013 at 23:44

Thanks for your honest opinion too, Ardit."Forex is not a get rich fast scheme" - allow me to clarify with my opinion please:1. You can get rich with forex FASTER than working for your money.2. As quickly (or faster) as you can make it, you can lose it. Eg. if you become a millionaire overnight, you can just as quickly become a pauper in a day. 😎So back to the topic of this thread: how fast are we talking about turning $1 into $10 million? Because in fifty years this is "easily" achievable, yet in 24 hours this is nigh impossible (without taking MASSIVE risk)!

From $1 to 10 million in New Traders Dec 20, 2013 at 22:40

Will power and courage are all good, but mean nothing without "knowledge" and "experience". 😎Mistakes are there to be learnt from. I solemnly tell you: had I been successful from the very first account, what would I have learnt? NOTHING! 😉

From $1 to 10 million in New Traders Dec 20, 2013 at 22:11

Understood. But in your parable, the son was a gambler. Forex is not gambling, provided one uses correct risk management and follows a system correctly (manual trading).I am not manual trading, so the only thing I have to concern myself with is correct risk management."reasonable objectives"? I have one thing to say to disbelievers: Ice Cube 😎http://www.youtube.com/watch?v=xTVjUaszyQ8 😉

From $1 to 10 million in New Traders Dec 20, 2013 at 21:46

You don't make sense. People look at others' blown accounts and their own failed attempts and that is what limits their beliefs (they continue to think "within the box").I continue to "think outside the box" despite my failures. One thing I learned is I should have used demo accounts rather than real money, but at the end of the day I will make it all back anyway. I am not afraid to show my results - it is often not easy to achieve success, especially in forex. Successful people in life face all challenges head-on and refuse to give up.You may make me the butt of jo...

From $1 to 10 million in New Traders Dec 20, 2013 at 13:53

$1 to $10 million is possible (nothing is impossible), though the correct question is "how long will it take?". You would need to have a pretty sound system to trade with (or a good EA). If your system was a HFT scalper that increased risk with growth then obviously you would get there quicker than a system that made trend /reversal trades that have to be open for weeks or months at a time.People often limit their thoughts to their own experiences and fail to think "outside the box": you can see this when folks are "ecstatic" over 5% per month returns from forex (...

Do you think you can turn $200 into $400 in six weeks? in New Traders Dec 16, 2013 at 00:28

Thanks, I keep it for posterity (to remind myself). You only live life once, so you may as well give everything a shot and see what suits you.In life it is good to be a "jack of all trades, master of one" (know something about everything, but know EVERYTHING about one thing).I hope you learnt something from my "mistakes" (not really mistakes, but "learning opportunities / experiences"). 😎

Do you think you can turn $200 into $400 in six weeks? in New Traders Dec 15, 2013 at 22:12

"Beginner's luck", as they say. I did something similar when I first got started: turning $4000 into $32,000 with CFDs in one week, but it blew up in my face on the Friday same week.You have a long journey and a lot to learn my friend. Best of luck though! 😉It is one thing to be a "one-hit wonder", quite another thing to maintain the same phenomenal gains over the long term.

STOMA in Trading Systems Dec 07, 2013 at 05:54

Hi Bluejack, Please share some information about your system. Did Magix create this one? Is it freely available at FF? What else can you tell us about how it is expected to operate?I wouldn't mind giving this one a go myself! (please!)

STOMA in Trading Systems Dec 05, 2013 at 22:34

Very nice dude! :)

Fiddler EA http://argolab.net Mt4-5501331 in Trading Systems Nov 27, 2013 at 06:57

Hi. Your free download links are no longer available. Can you please share your EA here for everyone? Thanks! 😎

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Posts by BluePanther