Be patient and you will turn $500 into a Million in 3 years.
Most of us are overusing leverage and looking for a golden trade that will bring them big bucks. No one is interested in making $5 in a trade because they can get a job and earn this kind of money much quicker. But what if I show you how to make a million bucks in three years starting by trading $5 a day. How is it possible? Through compound interest formula. What is it you may ask, let me show you.
Stay with me and I show you how to turn your $500 into a million making only 1% everyday 5 days a week, 52 weeks a year for three years. It will blow your mind.
Def from Wikipedia: 'Compound interest is interest added to the principal of a deposit or loan so that the added interest also earns interest from then on.”
A formula for calculating the future value of a value generating compound interest is as follows:
F = future value P = present value i = nominal interest rate n = compounding frequency t = time
I our case:
F= $500 x (1+0.01/1)^260 which is equal to $500 x (1+0.01)^260 where %500 is our first deposit, (1+0.01) is 1% a day for 260 days (52 weeks times 5 trading days a week)
After firs year: $6,645 After two years: $88,325 After three years: $1,173,928
Here is a YouTube video about this calculations as well.
That’s it guys, just make 1% of your account balance everyday to become a millionaire within 3 years.
Of course it’s easier to say then do but it’s doable. All you need it a good strategy that will give you one winning trade every day that will rise your account by 1%. If your strategy has 1:1 sl to tp ratio then you will risk 1% only to make 1%. Never risk more then 3% of your account.
Guys, I already do 1% a days with my scalping strategy so making 1% a day in consistent basis is not a big problem, the bigger one is to psychologically be able to trade $10,000 in one few minutes trade :)
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.