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20 trades to become millionare - is it possible?

May 13 2020 at 15:29
29 posts
one day i was trying to blow the demo, i had 10k in it.
i made it to 190k with 5 trades within 1 hour

i was just trading to the direction i would normally trade but with the max possible available lots

none of the trades went against me even for a pip

but this is the exception to the rule

i suppose it can happen but it is just luck in the end

May 13 2020 at 17:27
35 posts
I don't think many people appreciate my humor or sarcasm.

The theoretical 'One Trade for a Million' is possible. If you pick a quality analytical trade on a pair that statistically goes 100 pips ATR from close to close of one trading day, the odds are better than posting a big bet on a casino game like red or black since the leverage (return) is better in fX. And you don't have to make 20 winning trades in a row.

If you trade at 60% or better wins and have faith in your analysis, just put a 1000 pip SL and let it ride to the end of your goal--or your margin account, eh?. In fact, your trade can go against you for many hours, and still get to the statistical probability of the ATR. What a ride, eh?

all you need is lots of margin reserves and {nerves?) of steel to stay with the plan.

I hope no one thinks I'm seriously advising such a play. 😈 But there all sorts of traders (gamblers) with big ideas. As we say in Texas, some are like fake cowboys who are 'all hat and no cattle.' 😁

Jun 24 2020 at 10:33
5 posts
You cannot fix a number of trades and think of becoming a millionaire. Market is uncertain and dynamic. To become millionaire through trading you need to have patience.

togr (togr)
Jun 24 2020 at 10:45
4862 posts
You can become millionaire if win anything 20x times a row
Go to casino,
place 20 times red/black and win :)
1st bet=win $1,000
10th $512,000
20th $524,000,000

It is nice dream but far away from reality

Jun 25 2020 at 00:08
231 posts
If you can win 20 trades in a row then you can be a successful trader but Forex is a risky game and most of the traders lose their money very quickly.

Jun 25 2020 at 04:03
103 posts
It all depends, of course, on your training, and, of course, if you choose a normal broker with whom you can really make very good money.

togr (togr)
Jun 25 2020 at 10:55
4862 posts
Duktilar posted:
It all depends, of course, on your training, and, of course, if you choose a normal broker with whom you can really make very good money, and I think Amarkets is that.

there is no such training to double your account 20 times in a row
I had doubled my account once in 24 hours and the risk is simply too high

Jun 30 2020 at 12:13
39 posts
Forex is not a quick rich scheme. It needs experience and extensive knowledge to become successful. You cannot fix a number of trades that will make you profitable. Train yourself and practice as much as you can.

Jun 30 2020 at 14:06
364 posts
DarkForex posted:

Thinking about an idea. If we trade on a broker that has leverage 500:1 and we have 20 consecutive trades with lets say 50 pips profit, can we double lot on each trade?

SL would be 20 pips. So first trade 0.01 lot 5$, 0.02 lot, 10$, if 0.04 lot is loss then -8$, but then we start with 0.02 lot again.

On 20th step, we would be on around 3 mil $ or something like that.

Would that be possible?

No. There's no 'become rich quick' scheme. Nowhere. Try to play the lottery instead before you invest any money into weird 'systems' (like yours here).

patience is the key
Jul 04 2020 at 13:23
4 posts
Why not. Question was it possible. If possible then can be done. I saw some traders that had 20 trades on one pair all wins with 1:3 sl/tp ratio.

So if someone ride that wave and double on each trade it could be more than milllionare. I think this is better odds than winning the lottery.

Yes there are some obstacles like lot sizing but on bigger lots you can spread trades trough 10 brokers..

Didn't trade for one year but maybe i will start with some nano account and an EA and let ride the wave and reset on every loss trade to see how fare it can go :)

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