Edit Your Comment
20 trades to become millionare - is it possible?
Biedrs kopš
8 ieraksti
Oct 14, 2020 at 00:57
Biedrs kopš
8 ieraksti
It is possible to actually achieve this result from a $50 investment. Don’t get me wrong you need balls of steel but it’s possible. I plan on showing real account tracked on here starting next month doing it for the final push for the year. Then the non believers can say oh it is possible and for the believers then it will be I can do as well
Biedrs kopš
298 ieraksti
Oct 14, 2020 at 01:19
Biedrs kopš
298 ieraksti
If the investment is good and the money management can be maintained properly, then it is possible. But you have to trade according to the discipline and you have to maintain the risk. If you can trade in such a way then it is possible to earn a lot of money from trading.
Biedrs kopš
341 ieraksti
Nov 12, 2020 at 18:11
Biedrs kopš
341 ieraksti
Nothing is impossible in this world. You just need complete knowledge and proper dedication to make it possible.
Biedrs kopš
219 ieraksti
Nov 13, 2020 at 07:38
Biedrs kopš
219 ieraksti
DarkForex posted:
Hi,
Thinking about an idea. If we trade on a broker that has leverage 500:1 and we have 20 consecutive trades with lets say 50 pips profit, can we double lot on each trade?
SL would be 20 pips. So first trade 0.01 lot 5$, 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.
Biedrs kopš
318 ieraksti
Nov 14, 2020 at 11:26
Biedrs kopš
318 ieraksti
Everything is possible in this world. Just keep trying. One day you will find your success.
Biedrs kopš
8 ieraksti
Nov 14, 2020 at 12:37
Biedrs kopš
8 ieraksti
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 $7.00 round trip
It will take 184 weeks risking 5% of your account each week to hit a million and it will take an extra 13 weeks to hit 5 million
If you increase risk to 7.5% it will take 113 weeks to hit a million and 121 weeks to hit 5 million
If you increase risk to 10% it will take 81 weeks to hit a million and 87 weeks to hit 5 million
If you increase risk to 12.5% it will take 63 weeks to hit a million and 67 weeks to hit 5 million
If you increase risk to 15% it will take 50 weeks to hit a million and 55 weeks to hit 5 million
If you increase risk to 20% it will take 36 weeks to hit a million and 40 weeks to hit 5 million
Now I’m not saying to have stupid high risk but you can achieve the same results in half the time with 3% risk but you need to think outside the circle. All assumptions stated above stand with the 3% risk scenario. Obviously if your R:R was 2+:1 then the time period would be shorter
Hope that helps
Biedrs kopš
4 ieraksti
Nov 14, 2020 at 22:21
Biedrs kopš
4 ieraksti
ElliotCooke posted:
Nothing is impossible in this world. You just need complete knowledge and proper dedication to make it possible.
Nothing is impossible but some things are unrealistic
Biedrs kopš
10 ieraksti
Nov 16, 2020 at 11:46
Biedrs kopš
10 ieraksti
It is posts like this that makes people think that Forex trading is a get rich quick scheme. It is not Forex is hard and a long term investment of time and money
Biedrs kopš
9 ieraksti
Apr 20, 2021 at 07:00
Biedrs kopš
9 ieraksti
Well, it requires years of hard work and consistency to actually come close to becoming a millionaire through forex.
Biedrs kopš
20 ieraksti
Apr 20, 2021 at 07:19
Biedrs kopš
20 ieraksti
DarkForex posted:
Hi,
Thinking about an idea. If we trade on a broker that has leverage 500:1 and we have 20 consecutive trades with lets say 50 pips profit, can we double lot on each trade?
SL would be 20 pips. So first trade 0.01 lot 5$, 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.
Biedrs kopš
869 ieraksti
Sep 08, 2021 at 22:10
Biedrs kopš
869 ieraksti
If you have experience and knowledge, then it’s possible.
Biedrs kopš
759 ieraksti
Sep 08, 2021 at 22:38
Biedrs kopš
759 ieraksti
I don’t think it’s possible with only 20 trades.
Biedrs kopš
401 ieraksti
Sep 13, 2021 at 14:26
Biedrs kopš
401 ieraksti
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!
Biedrs kopš
536 ieraksti
Sep 18, 2021 at 20:01
Biedrs kopš
536 ieraksti
HeavLeighGill26 posted: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.
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!
Biedrs kopš
477 ieraksti
Sep 23, 2021 at 02:05
Biedrs kopš
477 ieraksti
Duktilar posted:Yes, you are right. I need to acquire trading knowledge. And with patience, you have to apply that knowledge in trading.
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.
Biedrs kopš
70 ieraksti
Sep 23, 2021 at 07:00
Biedrs kopš
70 ieraksti
SofieAndreasen posted:I believe it is possible, you are taking some experience in understanding after 20 trades, surely you get the idea of how trading goes.
I don’t think it’s possible with only 20 trades.
Biedrs kopš
1 ieraksti
Sep 23, 2021 at 07:32
Biedrs kopš
1 ieraksti
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
Biedrs kopš
617 ieraksti
Sep 27, 2021 at 13:49
Biedrs kopš
617 ieraksti
It depends on how much capital you have and how skilled you are. The greatest single trade in history occurred in the early 1990s when George Soros shorted the British Pound, making over $1 billion on the trade. Now you know.
Biedrs kopš
23 ieraksti
Biedrs kopš
26 ieraksti
Oct 15, 2021 at 19:32
Biedrs kopš
26 ieraksti
It's possible in theory, however you should understand that everything you can imagine in theory isn't possible at practice. Here we should apply to luck, because 20 trades winstreak is kinda rare and almost impossible. It depends on the sum which you consider to start with. For example if you start from 50k$, 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.
*Spams netiks pieļauts, un tā rezultātā var slēgt kontu.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.