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How to turn $500 into a Million in 3 years with 1% risk money management?

Polskito
Feb 10 2016 at 07:27
1 posts
Be patient and you will turn $500 into a Million in 3 years.

Hi everyone,

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:


where

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.


Dmitry (websmith)
Feb 10 2016 at 12:57
72 posts
the problem is you'll not be able to earn 1% every day. There will be losing days, months and even quarters. That is real life.

Earning money should be boring. If you feel excited or worried, your risk settings are too high.
vontogr (togr)
Feb 11 2016 at 09:13
4862 posts
@Polskito
You wont make 1% a day. Only I can do so;)

Devhuti
Feb 11 2016 at 13:22
94 posts
Go for signals up to 300 to 400pips

vontogr (togr)
Feb 12 2016 at 11:33
4862 posts
websmith posted:
the problem is you'll not be able to earn 1% every day. There will be losing days, months and even quarters. That is real life.

exactly

Bert (BertTraynor)
Feb 12 2016 at 11:42
5 posts
Date Balance Planned Difference Actual Growth Planned Growth Difference
31-01-2016 $2,793.37 $2,793.37 $0.00 n/a n/a n/a
05-02-2016 $2,997.83 $3,002.87 -$5.04 7.319% 7.500% -0.180%
12-02-2016 $3,285.58 $3,212.37 $73.21 9.599% 6.977% 2.622%
19-02-2016 $3,285.58 $3,421.87 -$136.29 0.000% 6.522% -6.522%
26-02-2016 $3,285.58 $3,631.38 -$345.80 0.000% 6.123% -6.123%
04-03-2016 $3,285.58 $3,849.27 -$563.69 0.000% 6.000% -6.000%
11-03-2016 $3,285.58 $4,067.16 -$781.58 0.000% 5.661% -5.661%
18-03-2016 $3,285.58 $4,285.05 -$999.47 0.000% 5.357% -5.357%
25-03-2016 $3,285.58 $4,502.94 -$1,217.36 0.000% 5.085% -5.085%
01-04-2016 $3,285.58 $4,720.80 -$1,435.22 0.000% 4.838% -4.838%
08-04-2016 $3,285.58 $5,074.85 -$1,789.27 0.000% 7.500% -7.500%
15-04-2016 $3,285.58 $5,428.91 -$2,143.33 0.000% 6.977% -6.977%
22-04-2016 $3,285.58 $5,782.97 -$2,497.39 0.000% 6.522% -6.522%
29-04-2016 $3,285.58 $6,137.03 -$2,851.45 0.000% 6.122% -6.122%

The 1% a day is what I've been working towards, but you would also need to similarly compound your lot size you trade 1:1 with your daily % profit.

Bert (BertTraynor)
Feb 12 2016 at 11:42
5 posts
I.e make 20% in a month, increase your lot trade size by 20%.

TopMasterTrader
forex_trader_[264513]
Feb 12 2016 at 11:44
6 posts
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 :)

jassie
Feb 12 2016 at 11:44
14 posts
i think 1% a day average is achievable if you have minimum 1:2 risk reward ratio

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