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20 trades to become millionare - is it possible?
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EbonyJones

Member Since Jul 20, 2020  105 posts EbonyJones Aug 18 at 18:57
I think its quite tough but not impossible. If you have proper knowledge and experience along with a good and profitable plan, you can become millionaire.

AliaDare

Member Since Jul 19, 2020  105 posts AliaDare Aug 28 at 03:13
Yes, it is possible but it will be very risky because I will never get rich in one day and if anyone ever tries it then the consequences can be very bad. I had such hopes in my mind when I joined the new trading but those hopes were never fulfilled. You have to think logically. And money management must be noticed constantly. Yes, you can earn a lot of money by trading but it is very difficult to keep that money. So you should always keep a long time target and trade.

ElliotCooke

Member Since Jul 20, 2020  141 posts ElliotCooke Sep 21 at 18:59
If you want to become successful in this market, you need to have proper knowledge about the market. Without knowledge, you can not survive in this market.

kkkkk_1

Member Since Jan 10, 2020  23 posts kkkkk_1 Sep 22 at 14:50
DarkForex posted:
Hi,

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?


hello sir.
good questoin to think.
if it is real i want to check it and win.
but i think it's too hard for me. i'm scary.

TraderAngolan

Member Since Aug 23, 2020  142 posts ProfitsOnly (TraderAngolan) Sep 23 at 15:34
Of all my entire trading with different banks, I have not seen.
 But I know you can be a millionaire in a couple of weeks or in a year but with very huge starting capital
I have been a millionaire several my in a couple of weeks some time months, but the money belongs to the banks I'm trading for.

ALWAYS RESPECT THE TREND
radioactive

Member Since Sep 07, 2020  36 posts radioactive Sep 24 at 08:34
That is possible if you are making winning in every trade so which is very rare and impossible, but hey nothing is impossible.

togr

Member Since Feb 22, 2011  4823 posts vontogr (togr) Sep 24 at 09:06
It is as possible as going to casino,
place 20 times your bet on red or black
and win each time in a row...

If that is easy why bother with forex? :)

radioactive

Member Since Sep 07, 2020  36 posts radioactive Sep 28 at 07:31
kkkkk_1 posted:
DarkForex posted:
Hi,

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?


hello sir.
good questoin to think.
if it is real i want to check it and win.
but i think it's too hard for me. i'm scary.

Don't trade in if you are unsure. You will end up losing more than you think.

EbonyJones

Member Since Jul 20, 2020  105 posts EbonyJones Sep 28 at 20:14
This is very tough but not impossible. For that, you have to work hard and gather knowledge as much as you can.

Markwoods

Member Since Sep 30, 2020  10 posts Markwoods Oct 12 at 09:43
Proper research and some knowledge of the market will contribute majorly for achieving your goal. It is also very risky and requires a lot of hard work and perseverance.

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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.