20 trades to become millionare - is it possible?

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.

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

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.

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.

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

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.

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?

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).

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 :)

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.

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.

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.

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.

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.

That is possible if you are making winning in every trade so which is very rare and impossible, but hey nothing is impossible.

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? :)

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.

This is very tough but not impossible. For that, you have to work hard and gather knowledge as much as you can.

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.

It is possible but the probability would be 0.5x0.5.. 20 times which is
9.53674316e-7