Account doubled in 5 Trading Days

[PedCos]

Hi everybody. I started Trading a few days ago with a Deposit of 3000USD.
And actually I am on 6400USD. Do you think this is a good start for 5 Trading Days??

 

[Enivid]

It's not bad, but it all depends on two things:

1. Is it demo or live?

2. How much did you risk to earn those 113% in 5 days?

 

[PedCos]

Hi Enivid, its a Live Account, most of the trades I did where made with 1 Lot, a few also with 2 or 3 Lots.

 

[Enivid]

Knowing volume of the trade tells nothing about its risk without knowing its stop-loss. So, how much did you risk per trade and how many trades did it take you to get that profit level?

 

[PedCos]

Took me 62 Trades, I always set a stop-loss at 25pips.

Account by Friday closing Time 8100USD. From 6400USD to 8100USD took me 13 Trades.

 

[fxsvps]

May be you can double your money within 5 trading days. But for the ensuring long term trading success focus on consistent gain. Otherwise you will face something bad. So focus on money management and risk management as well>

 

[Enivid]

So, if it took you 62 trades to go from $3,000 to $6,400 doing mostly 1-lot trades with 25 pips stop, you are doing great. How many of those 62 trades were losing? About a half, I presume?

 

[joescholz]

That’s quite a big deal to achieve as a trader; I did something similar to that when I started out trading but with a smaller capital; I started with just $50 plus the 10% bonus I received from the broker platform Profiforex, I was able to make an extra $50 with the money in 10 trading days.

 

[vicknic]

Hi everybody. I started Trading a few days ago with a Deposit of 3000USD.
And actually I am on 6400USD. Do you think this is a good start for 5 Trading Days??

I must congratulate you! Not many traders could manage that. If you follow the same strategy and remain sensitive to changes in the financial environment, I am sure you will make a full time sustaining income out of forex.

 

[chief]

Took me 62 Trades, I always set a stop-loss at 25pips.

Account by Friday closing Time 8100USD. From 6400USD to 8100USD took me 13 Trades.

good for you, it's a very good start. next chanllenge is cash out your profit. your current balance are simply an investment while still as mt4 balance. you need to turn this profit into real money. have a taste of your own profit, your own money gain from profitable trading. buy some good stuff use those money, it good for your psychological side, by means next time you trade it will clear view of profitable goal.

 

[PedCos]

Hi, thats what I did @chief. Right now I´m at 150k with the Account.

 

[Fxpipper]

That's good start..now all you need to work on is to make sure you're able to perform consistently..

 

[Forex Grandeur]

There is no benefits of making double your trading account within days, because you're not successful yet. WE consider someone as successful or really GOOD when he can make consistent profits in Forex having an effective trading strategy

 

[HC4L]

PedCos, what is your strategy?