I mean What's the harm in it Because going from k to 1million may sound very interesting but the risk appetite is substantial I thoroughly believe if you can make ur account grow from k to 1 million or more then why not from the smaller account?

Initially may be it will take more time to from from 50usd to may be 1, or 10,usd but I will call this victory even if someone can get to 10k. What mostly we do not realise is the patience invlove to grow from very small to medium By the time u r near 10k or plus ur strategy and trading experience will be so much that it will become absolutely possible once u cross 10k barrier I'm all in to trade live with you Seriously sometimes we spend 50usd just for nothing so why not try something that's has something extraordinary to offer I'll consider it a lottery ticket So jack I'm all up for it Just do it.

You raise an interesting point, Ayaz. The growth rate assuming the trading plan works will be exponential, that is, growing faster and faster as we progress. Hey Jack! you have a vision you'll need several gallons of good quality neg repellent spray for the scoffers!

But remember this, your countrymen put a man on the moon! they too had a vision and cart loads of neg repellent!! Looking forward to joining you on your epic voyage. Thanks for sharing this. Harry McPhie Born again optimist. Thanks for your kind words, Harry and I thought you were going to say I'd need several gallons of good rum. Yes i think this would be very interesting, and i think it is acheivable because many pro traders have done this in a year.

A very good idea Casey, keep everyone posted. well you get the picture. So long as you remember three words, patience, discipline and consistency My favourite saying is based upon the most basic law of geometry that we were all taught in school.

Good Luck with your project, I will be following closely. I'm going to go look up what those words mean right now. If you have that, then yes I believe it is quite possible and would be very interested in following along, and. I see a mountain of them we'll see - thanks for the encouraging words. And like I said earlier to someone, if I find out how to do a Google hangout, I'll consider it. By the way, uh, if anybody could slip me the next monthly NFP report a couple of minutes before it comes out, that would help.

Very interested in following. I believe it is possible to be profitable in forex trading, but not there yet myself. Would like to see the trades posted as they are placed live to see when entry and exit is made by a trader that knows more than myself. So, yes, count me in. Keep me posted. I hope - and I think - you're right about that - it's certainly worth the effort just as a learning experience if nothing else. Table of Contents hide. Learn More here Ricardo says:. May 8, at am. Hillary says:.

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robert says:. Talmadge Kelley says:. Anona Minna Graham says:. Mike says:. James K says:. Daniel says:. Frankie says:. Marc says:. Lorne B says:.

Jo says:. Marion says:. piphunter says:. Remember, life is not so perfect as these examples because I have assumed a lot of things in the calculation and the biggest one is that you actually have a trading edge. You want the truth? But a million bucks? How long will that take? That is a hard question to answer. This is a long time and takes a lot of hard work to make 1 million dollars. Is getting Yes and No. RELATED 20 Losing Trades In A Row?

No Problem If You Do These 2 Things. RELATED Top 9 Best Forex Price Action Trading Websites On The Planet.

What follows is an explanation of how you can genuinely make millions in forex trading. The compounding principle uses a very low risk percentage as its baseline target. Essentially, the trader aims to make an achievable percentage return per month, and uses any profits plus the initial capital into forex trades for the next month, using the same level of risk and without making any withdrawals.

The compounding forex strategy illustrates this using an Excel sheet to which the parameters can be adjusted. This is continued every month for at least years, depending on how much the trader started with and how much risk is used. The essential components of this strategy are using a low percentage return per month to minimize risk, and also to ensure that capital is built up to do greater work in terms of yielding returns.

From the Excel sheet, you can actually achieve this in 2 years using a Here, we will discuss risk as a function of the percentage being targeted in the journey to making a million dollars from forex trading.

The journey to making a million dollars is not one that requires targeting a lot. You should cut your risk by targeting a little percentage every month.

This is the trickiest part of the strategy, and yet the best part. The use of a decent risk-reward ratio which sees the trader targeting at least three times whatever is risked as the stop loss, will ensure that even when more losses are sustained in a trading day, the trader will still achieve the desired profit targets.

The maximum lot size to be used will be 0. None of these trades will be taken simultaneously, meaning that only 1 position will be held at a time. The win-loss ratio to be adopted will be at least , meaning that out of three trades, there must be a winner. If the first trade ends in a loss, then the trader can target to win the 2 nd trade, and leave it at that.

It is only if 2 trades are lost that the trader can target a 3 rd trade. If three successive losses are sustained, trading for the day is suspended and carried on to the next trading day, where the target will be to recover the capital to the original size first, before resuming the compounding strategy.

Forex trading is an investment vehicle where the more money is used, the more money can be made. The problem here is that traders try to make too much money with too little capital, and they usually do this by using very aggressive targets and deploying very risky strategies.

That is why many end up losing their entire capital as opposed to actually building capital to a level where it can produce more money with the same level of effort. Is it possible to make millions with forex trading, or is it all a myth? There is no myth here as it is very possible to make such returns. Traders around the world have done, but the numbers are indeed few. The real way to make millions from forex is to go about things using these two strategies:.

What follows is an explanation of how you can genuinely make millions in forex trading. The compounding principle uses a very low risk percentage as its baseline target. Essentially, the trader aims to make an achievable percentage return per month, and uses any profits plus the initial capital into forex trades for the next month, using the same level of risk and without making any withdrawals.

The compounding forex strategy illustrates this using an Excel sheet to which the parameters can be adjusted. This is continued every month for at least years, depending on how much the trader started with and how much risk is used.

The essential components of this strategy are using a low percentage return per month to minimize risk, and also to ensure that capital is built up to do greater work in terms of yielding returns. From the Excel sheet, you can actually achieve this in 2 years using a Here, we will discuss risk as a function of the percentage being targeted in the journey to making a million dollars from forex trading.

The journey to making a million dollars is not one that requires targeting a lot. You should cut your risk by targeting a little percentage every month.

This is the trickiest part of the strategy, and yet the best part. The use of a decent risk-reward ratio which sees the trader targeting at least three times whatever is risked as the stop loss, will ensure that even when more losses are sustained in a trading day, the trader will still achieve the desired profit targets.

The maximum lot size to be used will be 0. None of these trades will be taken simultaneously, meaning that only 1 position will be held at a time. The win-loss ratio to be adopted will be at least , meaning that out of three trades, there must be a winner. If the first trade ends in a loss, then the trader can target to win the 2 nd trade, and leave it at that.

It is only if 2 trades are lost that the trader can target a 3 rd trade. If three successive losses are sustained, trading for the day is suspended and carried on to the next trading day, where the target will be to recover the capital to the original size first, before resuming the compounding strategy.

To determine this, we will use a risk-reward ratio of This means that we need at least three trades in a day, for which you will set the following targets. This may go to offset losses that may occur on some days within the month. This is used if the 1s trade ends in a loss and the 2 nd ends in a profit. No further trades are taken. Again, the extra profit is retained to offset any future daily losses.

This is used if the first two trades end in a loss. If a third trade ends in a profit, this is how it works out:. The compounding forex strategy shown here, with raw calculations, can be practiced over a 3-month period before going live with it, to ensure that a thorough understanding of the parameters has been achieved. Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website.

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I have in this trading for about 10 yrs. If risk capital content of this venture does not change I will sure be interested in participating. Jack Maverick says:. If a third trade ends in a profit, this is how it works out:. You want to make 1 million dollars in Forex profits. Sonny says:. Paul says:.

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