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20 trades to become millionare - is it possible?

Ericdier752
Nov 27 2020 at 04:38
59 postów
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 at 09:10
330 postów
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 at 07:30
17 postów
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 at 05:32
22 postów
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 at 07:52
30 postów
@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 at 05:34
22 postów
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 at 13:47
459 postów
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 at 07:00
9 postów
Well, it requires years of hard work and consistency to actually come close to becoming a millionaire through forex.

MFTrading
Apr 20 at 07:19
12 postów
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.

LyudmilLukanov
Sep 08 at 22:10
640 postów
If you have experience and knowledge, then it’s possible.

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