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Re: Honje's collection of indicators, strategies and trading journals

Jedidiah, Mon Nov 07, 2022 3:57 am

xard777:
Turning Chaos into Order... a non scientific approach by Xard777
Welcome to the World of Forex where vast fortunes are made every year, why work for a Pay Check that is Taxed to Death at source and governed by borders when you can lay back and relax on your hammock in your very own private beach sipping Mai-Tai's and make more money than you can ever spend in forty lifetimes Tax-Free splashed around the globe in safe havens away from prying eyes.

Welcome to the World of Forex, where a person can turn a mere 1'000 bucks into over 13 Million buckeroos in only a year.

Welcome to the fantasy World of Forex :-)

Well, lets break the fantasy down into reality with a couple of illusionary steps...

In order to make 13m from 1k in 1yr you would need to increase your 1k fund by 20% every week for 52 weeks... $1000 x (1.2^52) = $13'104'630.93 tadah... fanfare... and you thought it was impossible, ye of week puny mind.

Now, the mystifying step that 96% of our infamous Forex Traders out there in the wonderful World of Forex fail to recognise is making the very basic building block that is necessary in order to achieve our true potential, and that is... making the initial 20% starting block that is required from which to build our true wealth program.

So how do we increase our fund/portfolio/nest egg/buckeroos by 20% and do it in just one week ?

Why ? With the World of Forex of course (why do I even bother...)

OK, Lets break down our 20% into nice manageable steps...

5 trading days in our week which means we need to make 4% of our fund each and every trading Day

Lets say we want to make a nice 40 pips per trading day, so now we need a lotsize to go with the 40 pips that will give us our 4%

If we take our fund and divide it by 10'000 this will give us our lotsize that we need to trade for 40 pips to achieve 4%

So $1'000 fund divided by 10'000 = 0.1 lots x 40 pips= $40 and $1'000 x 4%= $40, so $40 x 5 Days= $200 and $1'000 x 20%= $200

So to achieve great wealth we need to make 40 pips per trading day, lets break our 40 pips per Day down...

Just for talking sake lets use XAUUSD (Gold) as our Trading vehicle to financial freedom.

Gold moves in excess of 100 pips every Day, all we would need do is look to make 20 pips during the London session and a further 20 pips during the US session. If we did that each Day we would achieve our Goal and that is to make 20% of our fund in one week.

Once we can do that we simply repeat the task week in week out till it is second nature and our end Goal of 52 weeks is done.

Having started with $1'000 and made 20%, our following week's starting fund would be at $1'200 so our lotsize would be 1'200/10'000= 0.12 lots and we would still be looking to make the same exact 40pips each Day trading the same type of trade using the trading strategy that I described to you over the previous posts.

NOW, HOW HARD IS THAT !!!

Welcome to the wonderful world of Forex, the zero endgame where some canny speculators lose their shirt and others win a lifetime subscription to Wealth, Liberty and the Pursuit of Happiness.

On a personal note, please observe that the author of this fabrication was totally bored out of his t*ts this morning having already downloaded all the newspapers, magazines, tv shows and all the latest movies (that are still to come out to a cinema near you).

All the best

Xard777Another Day at the Office..
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