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20 trades to become millionare - is it possible?
Oct 14, 2020 at 00:57
It is possible to actually achieve this result from a $50 investment. Don’t get me wrong you need balls of steel but it’s possible. I plan on showing real account tracked on here starting next month doing it for the final push for the year. Then the non believers can say oh it is possible and for the believers then it will be I can do as well
Membre depuis Jul 20, 2020
posts 286
Oct 14, 2020 at 01:19
If the investment is good and the money management can be maintained properly, then it is possible. But you have to trade according to the discipline and you have to maintain the risk. If you can trade in such a way then it is possible to earn a lot of money from trading.
Membre depuis Jul 20, 2020
posts 278
Nov 12, 2020 at 18:11
Nothing is impossible in this world. You just need complete knowledge and proper dedication to make it possible.
Nov 13, 2020 at 07:38
DarkForex posted:
Hi,
Thinking about an idea. If we trade on a broker that has leverage 500:1 and we have 20 consecutive trades with lets say 50 pips profit, can we double lot on each trade?
SL would be 20 pips. So first trade 0.01 lot 5$, 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?
This is way to much risk and prediction. I would advise you to make some room for losses in your strategy. Its not possible that all your trades go in profit and allow you to double your lots with every step.
The more your practice, the more you learn.
Membre depuis Jul 19, 2020
posts 283
Nov 14, 2020 at 11:26
Everything is possible in this world. Just keep trying. One day you will find your success.
Nov 14, 2020 at 12:37
To answer your question about a high leveraged account there are other factors to consider. I will give you some different scenarios as it is not a simple as doubling your lot size.
Let’s assume the following:
Account currency is USD
Leverage is 500:1
Starting balance is $100
2 losses and 3 winning trades per week
R:R = 1:1 there let’s say 25 pips
The factor that is often forgotten about- Max lot size 100 and max position is 50
Commission is $7.00 round trip
It will take 184 weeks risking 5% of your account each week to hit a million and it will take an extra 13 weeks to hit 5 million
If you increase risk to 7.5% it will take 113 weeks to hit a million and 121 weeks to hit 5 million
If you increase risk to 10% it will take 81 weeks to hit a million and 87 weeks to hit 5 million
If you increase risk to 12.5% it will take 63 weeks to hit a million and 67 weeks to hit 5 million
If you increase risk to 15% it will take 50 weeks to hit a million and 55 weeks to hit 5 million
If you increase risk to 20% it will take 36 weeks to hit a million and 40 weeks to hit 5 million
Now I’m not saying to have stupid high risk but you can achieve the same results in half the time with 3% risk but you need to think outside the circle. All assumptions stated above stand with the 3% risk scenario. Obviously if your R:R was 2+:1 then the time period would be shorter
Hope that helps
Membre depuis Oct 23, 2013
posts 8
Nov 14, 2020 at 22:21
ElliotCooke posted:
Nothing is impossible in this world. You just need complete knowledge and proper dedication to make it possible.
Nothing is impossible but some things are unrealistic
Membre depuis May 24, 2019
posts 10
Nov 16, 2020 at 11:46
It is posts like this that makes people think that Forex trading is a get rich quick scheme. It is not Forex is hard and a long term investment of time and money
Apr 20, 2021 at 07:19
DarkForex posted:
Hi,
Thinking about an idea. If we trade on a broker that has leverage 500:1 and we have 20 consecutive trades with lets say 50 pips profit, can we double lot on each trade?
SL would be 20 pips. So first trade 0.01 lot 5$, 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?
You are right. I was able to obtain important results with continuity (40% / month) only after 8 years of work.
Se sei arrivato a leggere il mio motto non hai più biusogno di leggere il mio motto.
Membre depuis Jul 23, 2020
posts 816
Sep 08, 2021 at 22:10
If you have experience and knowledge, then it’s possible.
Membre depuis Jul 23, 2020
posts 696
Sep 08, 2021 at 22:38
I don’t think it’s possible with only 20 trades.
Membre depuis Aug 05, 2021
posts 394
Sep 13, 2021 at 14:26
It’s possible but I would think it’s more likely that you’ll lose money this way. Not to be negative and I hope that it works for you!
Membre depuis Mar 17, 2021
posts 494
Sep 18, 2021 at 20:01
HeavLeighGill26 posted:
It’s possible but I would think it’s more likely that you’ll lose money this way. Not to be negative and I hope that it works for you!
Losing money in this market is a common thing in this market. You have to make a good trading plan to make profit from this market.
Membre depuis Mar 16, 2021
posts 447
Sep 23, 2021 at 02:05
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.
Yes, you are right. I need to acquire trading knowledge. And with patience, you have to apply that knowledge in trading.
Sep 23, 2021 at 07:32
In just 20 trades? I found that experience works against you in the markets especially in live markets. 20 small target trades will ultimately mean you risk a lot, in contrast to that large target trades would mean that you have the patience that goes with holding a profitable trade. with these odds stacked against you, I don't think it's possible, even experienced traders would have difficulty with this. However it depends on a lot of factors
Building, Steady, Sustainable Progress
Oct 15, 2021 at 19:32
It's possible in theory, however you should understand that everything you can imagine in theory isn't possible at practice. Here we should apply to luck, because 20 trades winstreak is kinda rare and almost impossible. It depends on the sum which you consider to start with. For example if you start from 50k$, then probably it's possible to upgrade it to 1 million of dollars, but you will have to neglect risk management and money management practices. Hence, if you are ready to take such risks on yourself, then you should try it. However, if you consider lower sum, then it will be almost impossiblt as I think.
