Cowabunga System Weekly Recap: 01/22/07-01/26/07
This is the week in review for the Cowabunga system: January 22-26, 2007
| Monday: | +26 |
| Tuesday: | +86 |
| Wednesday: | -19 |
| Thursday: | +50 |
| Friday: | +16 |
| Total: | +159 Pips |
Full Track Record
Related Posts:
- Cowabunga System Weekly Review: 01/29/07 - 02/02/07 08:19 04 February 2007
- Cowabunga System Weekly Update: 02/19/07 - 02/23/07 11:46 24 February 2007
- Cowabunga System Weekly Review: 05/07/07 - 05/11/07 14:33 14 May 2007
- Cowabunga System Weekly Review: 03/12/07 - 03/16/07 23:03 18 March 2007
- Cowabunga System Weekly Review: 04/23/07 - 04/27/07 14:52 30 April 2007
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Forex Blog: Pip My System



Welcome to the site! This question is probably a better fit for our forums since the comment section is mainly for discussing the topic of the blog. You might want to re-post this under the "Newbie Island" section so you can get feedback from other traders, rather than just me.
In my opinion, you are approaching trading on the wrong foot. Let's think about your statement for a second...You said you want to make AT LEAST $2500 every two weeks. Now lets look at what some of the top hedge fund managers make per year, which is about 30-40% PER YEAR. Of course they probably take less risk because they are managing other peoples money but 30-40% per year is a phenomenal return.
Ok now going back to your question..$2500 every two weeks. First of all you'd have to start off with alot of money, which you may in fact have. Let's say you start with $125,000. You would have to make 2% on your account every two weeks. This would get you you're $2500 that you want. But that also means you'd theoretically make 4% per month, which theoretically means you'd make a 48% return per year. That's better than most of the top hedge fund managers. It's highly unlikely you will be able to acquire this kind of trading skill in such a short period of time.
If you have this kind of money to begin investing with in the first place, I recommend finding these hedge fund managers and let them do the work for you. If you don't have this kind of money, then you should read our "School of Pipsology" and then see if you think FX trading is right for you. Trading the FX can be exremely rewarding but you also have to think in realistic terms. I hope I haven't scared you away from the Forex. I just wanted to get you thinking in the right direction. Happy trading!