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20 trades to become millionare - is it possible?

vontogr (togr)
Oct 12 2020 at 09:59
4862 投稿
It is possible but the probability would be 0.5x0.5.. 20 times which is
9.53674316e-7
lauranutt
Oct 13 2020 at 05:53
36 投稿
If your capital investment is really big, only then it is possible.
MEFXBK
Oct 14 2020 at 00:57
8 投稿
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
LeviSievwright5
Oct 14 2020 at 01:19
298 投稿
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.
ElliotCooke
Nov 12 2020 at 18:11
341 投稿
Nothing is impossible in this world. You just need complete knowledge and proper dedication to make it possible.
Elena Triston (ele020)
Nov 13 2020 at 07:38
219 投稿
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.
GeorgeBischof
Nov 14 2020 at 11:26
318 投稿
Everything is possible in this world. Just keep trying. One day you will find your success.
MEFXBK
Nov 14 2020 at 12:37
8 投稿



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
noname1981
Nov 14 2020 at 22:21
4 投稿
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
ManUnitedBest
Nov 16 2020 at 11:46
10 投稿
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
Ericdier752
Nov 27 2020 at 04:38
59 投稿
Becoming a millionaire through Forex trading is possible. But it won’t happen overnight. You will have to trade rigorously for several years to become profitable.
Tremblay
Mar 20 2021 at 09:10
330 投稿
The forex market is the most profitable online business. Many people earn a lot of money from this market every day with their knowledge and experience.
leecopp
Mar 26 2021 at 07:30
17 投稿
Tremblay posted:
The forex market is the most profitable online business. Many people earn a lot of money from this market every day with their knowledge and experience.
Truly said there buddy, but behind the knowledge and experience goes years of patience and practice on demo accounts to build a set of strategies that could get good benefit.
Anoxiare
Mar 30 2021 at 05:32
22 投稿
leecopp posted:
Tremblay posted:
The forex market is the most profitable online business. Many people earn a lot of money from this market every day with their knowledge and experience.
Truly said there buddy, but behind the knowledge and experience goes years of patience and practice on demo accounts to build a set of strategies that could get good benefit.
I’d give the trophy to risk management strategies, especially deciding on the entry and exit points before opening the position.
Keaton Richards (keatonrichard)
Mar 30 2021 at 07:52
30 投稿
@Anoxiare Whichever risk management strategy you apply, there’s no guarantee against slippage. If there’s one, I’d love hearing about it.
Anoxiare
Mar 31 2021 at 05:34
22 投稿
keatonrichard posted:
@Anoxiare Whichever risk management strategy you apply, there’s no guarantee against slippage. If there’s one, I’d love hearing about it.
There isn’t any but yea applying the guaranteed and trailing stops along with limit orders do help in few losses that you can bear, and won’t wipe out your bank account completely. As for me, I use these different stops and limits on different broker accounts.
RobSchiz
Apr 14 2021 at 13:47
567 投稿
Ericdier752 posted:
Becoming a millionaire through Forex trading is possible. But it won’t happen overnight. You will have to trade rigorously for several years to become profitable.
Yes. I agree with you. You need to have patience to become millionaire.
levibaker
Apr 20 2021 at 07:00
9 投稿
Well, it requires years of hard work and consistency to actually come close to becoming a millionaire through forex.
MFTrading
Apr 20 2021 at 07:19
20 投稿
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.
LyudmilLukanov
Sep 08 2021 at 22:10
798 投稿
If you have experience and knowledge, then it’s possible.
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