How to turn $500 into a Million in 3 years with 1% risk money management?

Be patient and you will turn $500 into a Million in 3 years.

Hi everyone,

Most of us are overusing leverage and looking for a golden trade that will bring them big bucks. No one is interested in making $5 in a trade because they can get a job and earn this kind of money much quicker.
But what if I show you how to make a million bucks in three years starting by trading $5 a day. How is it possible? Through compound interest formula. What is it you may ask, let me show you.

Stay with me and I show you how to turn your $500 into a million making only 1% everyday 5 days a week, 52 weeks a year for three years. It will blow your mind.

Def from Wikipedia: 'Compound interest is interest added to the principal of a deposit or loan so that the added interest also earns interest from then on.”

A formula for calculating the future value of a value generating compound interest is as follows:


where

F = future value
P = present value
i = nominal interest rate
n = compounding frequency
t = time

I our case:

F= $500 x (1+0.01/1)^260 which is equal to $500 x (1+0.01)^260 where %500 is our first deposit, (1+0.01) is 1% a day for 260 days (52 weeks times 5 trading days a week)

After firs year: $6,645
After two years: $88,325
After three years: $1,173,928

Here is a YouTube video about this calculations as well.


That’s it guys, just make 1% of your account balance everyday to become a millionaire within 3 years.

Of course it’s easier to say then do but it’s doable. All you need it a good strategy that will give you one winning trade every day that will rise your account by 1%. If your strategy has 1:1 sl to tp ratio then you will risk 1% only to make 1%. Never risk more then 3% of your account.

the problem is you'll not be able to earn 1% every day. There will be losing days, months and even quarters. That is real life.

@Polskito
You wont make 1% a day. Only I can do so;)

Go for signals up to 300 to 400pips

websmith posted:
the problem is you'll not be able to earn 1% every day. There will be losing days, months and even quarters. That is real life.

exactly

Date Balance Planned Difference Actual Growth Planned Growth Difference
31-01-2016 $2,793.37 $2,793.37 $0.00 n/a n/a n/a
05-02-2016 $2,997.83 $3,002.87 -$5.04 7.319% 7.500% -0.180%
12-02-2016 $3,285.58 $3,212.37 $73.21 9.599% 6.977% 2.622%
19-02-2016 $3,285.58 $3,421.87 -$136.29 0.000% 6.522% -6.522%
26-02-2016 $3,285.58 $3,631.38 -$345.80 0.000% 6.123% -6.123%
04-03-2016 $3,285.58 $3,849.27 -$563.69 0.000% 6.000% -6.000%
11-03-2016 $3,285.58 $4,067.16 -$781.58 0.000% 5.661% -5.661%
18-03-2016 $3,285.58 $4,285.05 -$999.47 0.000% 5.357% -5.357%
25-03-2016 $3,285.58 $4,502.94 -$1,217.36 0.000% 5.085% -5.085%
01-04-2016 $3,285.58 $4,720.80 -$1,435.22 0.000% 4.838% -4.838%
08-04-2016 $3,285.58 $5,074.85 -$1,789.27 0.000% 7.500% -7.500%
15-04-2016 $3,285.58 $5,428.91 -$2,143.33 0.000% 6.977% -6.977%
22-04-2016 $3,285.58 $5,782.97 -$2,497.39 0.000% 6.522% -6.522%
29-04-2016 $3,285.58 $6,137.03 -$2,851.45 0.000% 6.122% -6.122%

The 1% a day is what I've been working towards, but you would also need to similarly compound your lot size you trade 1:1 with your daily % profit.

I.e make 20% in a month, increase your lot trade size by 20%.

https://www.myfxbook.com/members/BertTraynor/bt-fx-corp/1469379

Guys, I already do 1% a days with my scalping strategy so making 1% a day in consistent basis is not a big problem, the bigger one is to psychologically be able to trade $10,000 in one few minutes trade :)

i think 1% a day average is achievable if you have minimum 1:2 risk reward ratio

its good to have a goal and all, but what is the point of dwelling on what could be, or what you hope to have.
The most succesful traders I know to less than a percent a day, anywhere from .1% to .9% , that sounds more like reality to me. But if being delusional and setting yourself up for disaster is the way you want to be, than have at it. I will take your lunch money

very good sharing ! Thanks for information .

dkilmer posted:
its good to have a goal and all, but what is the point of dwelling on what could be, or what you hope to have.
The most succesful traders I know to less than a percent a day, anywhere from .1% to .9% , that sounds more like reality to me. But if being delusional and setting yourself up for disaster is the way you want to be, than have at it. I will take your lunch money

Exactly. It is just mathematical construction. But the base that the profit of 15 a day is not achievable.

Even if such a strategy is sound in theory, in practise it may not turn out this clean and easy. No one can trade 5 days per week all weeks of the year, that would physically and psychologically exhausting.

togr posted:

dkilmer posted:
its good to have a goal and all, but what is the point of dwelling on what could be, or what you hope to have.
The most succesful traders I know to less than a percent a day, anywhere from .1% to .9% , that sounds more like reality to me. But if being delusional and setting yourself up for disaster is the way you want to be, than have at it. I will take your lunch money

Exactly. It is just mathematical construction. But the base that the profit of 15 a day is not achievable.

...1%...

I think setting daily targets in trading forex is a chase after the wind. For me, i think setting monthly or quarterly targets can be more achievable than set daily targets, Based on the compounding module, if one has a strategy that can guarantee consistent 12.5% monthly returns for a period of 5yrs, then i think $1,000 start capital can yield $1,000,000 in 5yrs.

Personally, i'd rather set a 10yr target on a 20% quarterly return and applying the compounding module on a $1,000 initial investment and risking not more than 0.8% of my investment on every trade. After 10yrs, i'd be having $1,469,771 as equity.

Makes more sense isn't it?

theblaqxamurai posted:
I think setting daily targets in trading forex is a chase after the wind. For me, i think setting monthly or quarterly targets can be more achievable than set daily targets, Based on the compounding module, if one has a strategy that can guarantee consistent 12.5% monthly returns for a period of 5yrs, then i think $1,000 start capital can yield $1,000,000 in 5yrs.

Personally, i'd rather set a 10yr target on a 20% quarterly return and applying the compounding module on a $1,000 initial investment and risking not more than 0.8% of my investment on every trade. After 10yrs, i'd be having $1,469,771 as equity.

Makes more sense isn't it?

Setting a fixed quarterly target is not realistic. Unless it is some kind of martingale system. no one can predict the future. That is why there are hardly any real successes out there. DO you see any long term investments with 5 year record that have consistent 20% quarter return? No.

Setting a fixed quarterly target is not realistic. Unless it is some kind of martingale system. no one can predict the future. That is why there are hardly any real successes out there. DO you see any long term investments with 5 year record that have consistent 20% quarter return? No.
I haven't seen any long term investments with 5 year record that have consistent 20% quarter return but i have seen that of 2 year record with consistent 12.5% monthly return. That you haven't seen doesn't mean there are none. Some traders have chosen never to go public with their trading records. Anything is possible.

theblaqxamurai posted:

Setting a fixed quarterly target is not realistic. Unless it is some kind of martingale system. no one can predict the future. That is why there are hardly any real successes out there. DO you see any long term investments with 5 year record that have consistent 20% quarter return? No.
I haven't seen any long term investments with 5 year record that have consistent 20% quarter return but i have seen that of 2 year record with consistent 12.5% monthly return. That you haven't seen doesn't mean there are none. Some traders have chosen never to go public with their trading records. Anything is possible.ok yes that is a fair point. All im trying to say is to take what the market gives, not force out of the market.