Rating: Full Star Full Star Full Star Empty Star Empty Star
1K TO 1M CHALLENGE
Previous 1 2 3 4 5 Next
togr

Member Since Feb 22, 2011  4753 posts vontogr (togr) Jan 07 2019 at 09:06 (edited Jan 07 2019 at 09:06 )
Professional4X posted:
I'm not going to say this is an impossible task, because there is of course a possibility that it could happen.

For example: $1,000.00 US compounded at a 1.95% per daily trading, over a period of 360 trading days would yield $1,045,689.73, or if you were able to continue doing it for a period of 720 trading days, you would generate more than a billion dollars.




To actually accomplish this task though, is extremely difficult.

Also... Good luck getting your brokerage to authorize a full billion dollar withdrawal from your account.









So if we change it to realistics and safe 1.95% a month
Then you will need 360 months
Which is 30 years
So it will be great investment for your retirement, isn't it?

I trade what I like. I like what I trade.
Professional4X

Member Since Jan 05, 2016  1189 posts Professional4X Jan 07 2019 at 10:01
togr posted:
Professional4X posted:
I'm not going to say this is an impossible task, because there is of course a possibility that it could happen.

For example: $1,000.00 US compounded at a 1.95% per daily trading, over a period of 360 trading days would yield $1,045,689.73, or if you were able to continue doing it for a period of 720 trading days, you would generate more than a billion dollars.



To actually accomplish this task though, is extremely difficult.

Also... Good luck getting your brokerage to authorize a full billion dollar withdrawal from your account.



So if we change it to realistics and safe 1.95% a month
Then you will need 360 months
Which is 30 years
So it will be great investment for your retirement, isn't it?



Yes Exactly!

A small account can grow to a very comfortable retirement account if properly managed.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
togr

Member Since Feb 22, 2011  4753 posts vontogr (togr) Jan 07 2019 at 10:44
Professional4X posted:
togr posted:
Professional4X posted:
I'm not going to say this is an impossible task, because there is of course a possibility that it could happen.

For example: $1,000.00 US compounded at a 1.95% per daily trading, over a period of 360 trading days would yield $1,045,689.73, or if you were able to continue doing it for a period of 720 trading days, you would generate more than a billion dollars.



To actually accomplish this task though, is extremely difficult.

Also... Good luck getting your brokerage to authorize a full billion dollar withdrawal from your account.



So if we change it to realistics and safe 1.95% a month
Then you will need 360 months
Which is 30 years
So it will be great investment for your retirement, isn't it?



Yes Exactly!

A small account can grow to a very comfortable retirement account if properly managed.












It is perhaps not so difficult to make 2% monthly
But to keep it consistent for years and do not withdraw anything
for years...

I trade what I like. I like what I trade.
Euge9999

Member Since Aug 04, 2017  2 posts Euge9999 Jan 08 2019 at 07:46
mk03 posted:
I am planning to do the same thing. Hope I dont go belly up soon. cry




I will follow you IF you use a live acc.





Professional4X

Member Since Jan 05, 2016  1189 posts Professional4X Jan 08 2019 at 08:38
togr posted:
It is perhaps not so difficult to make 2% monthly
But to keep it consistent for years and do not withdraw anything
for years...


Very true, few people would have that kind of discipline to never withdraw from the account.

Perhaps if the investor created multiple accounts, and designated one of them as the retirement account it might be easier.





If it looks too good to be true, it's probably a scam! Let the buyer beware.
togr

Member Since Feb 22, 2011  4753 posts vontogr (togr) Jan 08 2019 at 09:22
Professional4X posted:
togr posted:
It is perhaps not so difficult to make 2% monthly
But to keep it consistent for years and do not withdraw anything
for years...


Very true, few people would have that kind of discipline to never withdraw from the account.

Perhaps if the investor created multiple accounts, and designated one of them as the retirement account it might be easier.






Yeah name it.
Like assign that account to newly born son or daughter to help you trade it responsibly without withdrawals.
Poor US guys whose need to pay for university should do that for their children :)

I trade what I like. I like what I trade.
Amancio

Member Since Dec 04, 2018  10 posts Amancio Jan 08 2019 at 11:28
2% a month sounds so easy on paper but the reality of trading is so difficult that hardly anyone would be able to achieve that figure.

togr

Member Since Feb 22, 2011  4753 posts vontogr (togr) Jan 08 2019 at 14:01
Amancio posted:
2% a month sounds so easy on paper but the reality of trading is so difficult that hardly anyone would be able to achieve that figure.


I have safe system that makes 2% month without risk
But I do not use it as formula of my balance and my expenses push me to more profitable systems

I trade what I like. I like what I trade.
Orangotang

Member Since Oct 28, 2015  51 posts Orangotang Aug 01 at 19:38
grinxperts posted:
Euge9999 posted:
Anybody knows what happened to Gcharts and his 1K TO 1M CHALLENGE account?



I think it's been more like '1K to Zero Challenge' and they been doing great in that as it appears...
lol i have done 1k to zero so many times.grin

Prayer is the True Power that controls the World.
Proba18

Member Since Dec 16, 2019  1 posts Proba18 Aug 01 at 20:03
using an FTMO account, (100k acct.) which requires 10% monthly gain, could lead to this goal in just 100 months. (8 years). 10% monthly is very very doable. your daily loss limit, even in floating trades, can never exceed 5%. it is a safe way to trade at least for my strategy.

Previous 1 2 3 4 5 Next
Loading
Loading
EURUSD 1.18413 GBPUSD 1.30907
USDJPY 106.574 USDCAD 1.32652

Tools

Community

Reviews

Brokers

Platform

Support


Twitter |  Facebook |  Site Map  |  Terms  |   Privacy Policy
©2020 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.