How to Trade with $200,000 Forex Trading Account?

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immy
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How to Trade with $200,000 Forex Trading Account?

Unread post by immy »

Trading is a game of numbers and statistics. We don't make money, we make a percentage of money. Once you learn to play the game, it's all about adding that extra zero. Because you don't need to do more work. All you need is a bigger account. Wouldn't it be nice to trade a $100,000 account instead of a small $1000 account? 

The same 1% profit would mean you'll make $1000 per trade. But how do you get that $100,000 account? Who is there to trust you with this much money?

Well... if this comes as a surprise to you that there are people there are you happy, very happy to give you that sort of money. (ahem, if you are willing to pay a small fee.)

So in all honesty, Gone are the days when forex traders had to beg parents, family, and friends for funding their passion. 

Anyone can now purchase a decent size account with a nominal fee. E.g. You can get yourself a$100,000 account for a refundable fee of $500 with one of the famous prop firms that can fund traders.

What's in it for them? 
These firms have found themselves in an interesting situation which is a win-win for them. 

They give you the challenge to achieve say, 10% profit within a month or two. If you pass, they have found themselves a trader who can potentially make them a lot of money. 

If you fail their test, well, no worries, they have made some money from you which will take care of the admin costs etc. 

Should I Get Funded? 

Yes, absolutely. But there are some things you must look after first.

The most important part is having a strategy that works. The next important part is your ability to execute that strategy properly. 

Lucky for you, if you're reading this inside the forum, if you're a member of AIMS, you know that you have found a strategy that works.

Now, Suppose you have achieved Stage 3 of the AIMS Training Process you can show consistent profitability on a smaller account.  

You think now it's time to go big. Taking your trading game to the next level is the most logical next step. 

Here comes the role of Prop Firms that love to fund traders who can win. 

They know that 92% of traders will fail. So they are happy to give you the money but before they do that they want to test your ability a little. It makes sense indeed. Would you give your money to anyone from the internet? No, you will not. I know I will not unless I have seen a proven track record. So in order to give you this opportunity, they will charge you a fee.

In doing so, the funding company is betting on the odds that 92 out of 100 traders will fail and so by charging you the fee they can make some money.  

Are you Ready to Make Serious Money?
But you, however, as a trader with a good strategy and proven track record, should fall into that top 8% of the winning traders. 

So, if you're stage 3 and you've been profitable for 3-6 months in a row, you can try one of these companies.

I won't name them here but if someone wants to name a few, they are welcome. 

Look at this chart! If you were lucky, you could have hit 8% profit Yesterday and pass their challenge. 

https://www.screencast.com/t/7nlqX3IoGS6U

Image



 
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌

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immy
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How to Win MyForexFunds 200K Challenge in 2 Trades

Unread post by immy »

Hi 

I have formulated a strategy and trading plan for How to Win a 200K Challenge in 2 trades. 

Please check it out here: (You need to be logged in) 
https://itradeaims.net/myforexfunds/


ps: I could not use that strategy when I was doing it. Instead, I have won the challenge by using normal risk management techniques. (edit 3 July 2022)
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌

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immy
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Posts: 9660
Joined: Mon Nov 22, 2010 4:46 pm
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How I won the MyForexFunds Challenge (H1 Strategy)

Unread post by immy »

You can now see all of the trades I took to win both Evaluation Phase 1 and Phase 2 in the Journals Section. 
Link to Journals 

$200,000 Forex Funded Account Challenge - Evaluation Phase 1 

$200,000 Forex Funded Account Challenge - Evaluation Phase 2

:nerd
 
 
 
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌

User avatar
immy
Founder
Founder
Posts: 9660
Joined: Mon Nov 22, 2010 4:46 pm
13

How to PASS FTMO Challenge in Just One Trade

Unread post by immy »

What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌

User avatar
immy
Founder
Founder
Posts: 9660
Joined: Mon Nov 22, 2010 4:46 pm
13

Win Funded Account Challenge in 1 Trade or Two

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Win Funded Account Challenge in 1 Trade or Two
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What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌