My Journey to a $1,000,000
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thread: My Journey to a $1,000,000

  1. #1
    Junior Member Deadlypimp's Avatar
    11

    My Journey to a $1,000,000

    This can chronicle my journey to a thousand dollars over the course of a life before the public eye. As ridiculous as it seems, I will go even further by stating I am beginning with a $300 mini-account. Being that is what I can afford to lose right now. All trades will be obtained with 8% margin or less. I may or may not begin utilizing an EA for automated trading in the not too distant future, until then these are all manual trades. Let's begin:

    1st trade:
    2/28/07
    GBP/USD
    Entrance - Sell 1.9621
    Result - Stopped Out 22 or 3.6percent

  2. #2
    Junior Member Danichesa's Avatar
    24
    You will realize. .

    Anyways, good luck

  3. #3
    Junior Member MOHA33's Avatar
    29
    I Wish All of the best for you partner!
    I truly hope your dre will become a reality if you truly want it!

    Wish you a lot of profitable trades along with also an exciting career inf FX Market

  4. #4
    Junior Member yadilu5's Avatar
    1
    Do 2% a day and you'll get there. Good luck.

  5. #5
    If you are really interested in 1 day possibly making $1mil, the very first thing to do is stop thinking about making $1mil.

    Its great to have a financial target but the real goal is to exchange right. As was said million times before: Trade the plan, plan the transaction. The money will follow.

  6. #6
    Member rheny's Avatar
    40

  7. #7
    Junior Member Carmenrr15's Avatar
    1
    I wish you well. If you are following a system follow the principles and stick to it. You'll have your ups and downs but you have to keep it moving.

  8. #8
    Junior Member MOHA33's Avatar
    29

  9. #9
    Junior Member Kenzox13's Avatar
    15
    There is only 1 thing to keep here. Before you begin trading you must have at least to be aware of the potencial of the exponencial in mathematics.

    I confess that im relatively new at forex, and I cant say how will function as functionality in the future, but... something I can say... You will find ppl who gets hundreds of pips each month and its potential to become a millionaire only getting 50 to 150 depending of the ratio between the total accessible, or in different words depending of the cash management rules of the person.

    Example. Imagine a guy who in each trade utilizes 1/10 of all his cash, and earns 150 pips per month (average).

    The percentage from the total into the next month is 1.15. Now lets see. .

    300 x (1.15^60months) 5 years = 1 300 000 more or less...

    you may try different examples like investing 1/5 and making only 100 pips. . That will provide you with a 1.2 progression a month or attempt... 1/3 with only 50 pip = 1.16

    200 pips. . with 10 percent. . 1.2 progression.

    Lets have a look at your example. Should you are using 8% of your total, and get 150 pips each month, at least you have more than 200 000 dolars in five decades, but if you get 200 pips per month with the identical investment you'll have more than two million.

    Another guy is saying that with two per cent per day and you'll get millionaire in a lifetime. But lets see... 300 x (1.02^365) one year = 400 000... One thing its telling me that you will get there sooner with this progression lol.

    So you need one million at a lifetime? Become a moderate/good trader, and you'll find that sooner than you think. 1/10 per commerce... 150 pips month... 5 years... more than 1 million. Dont believe me? Take the calculator and start doing the math.

    The explaination is very simple...

    Some traders possess the present. . The capacity to forecast pip avalanches in their way. But I firmly believe that many of them have the stupidity to draw the profit each and each month, and the end result is earning a thousands of dollars at the maximum because they dont invest the profit.

    So, dont cover no attencion into the laughs because they probably didnt got beyond the math class.

    Get rich and THEN pulled the cash.

    Want to understand the power of a exponential progression?

    Try to twice 1 cent every day for a month. I didnt state 1 dolar I said 1 CENT.

    In the midle of the month you have a few hundred dollars in value, whats that? nothing. . Few bucks. . , but at the end of the month you have 10 Million Dollars. Its similar to an hidden goal. The person believes that its not getting any progression but dont really know whats comingback.

    So good fortune.

    I said I can do it, im just saying that its FAR from impossible.

    Incidentally. With the method I gave you. . Try to discover what would happen if you buy only 10 pip a month for 50 years... (600 months reinvesting profit)

    and after that attempt the same with 15 pips.

    I help you... with 10 pip you have progression of 1.01 and 1.015 with 15 pips supposing that you invest 1/10 each moment.

    Well what if I say that 300 x (1.01^600) = 117 000 and 300 x (1.015^600) only more 5 pip = two 000 000?

    Exponential my buddy.

    The calculation its not entirely accurate but believe me, the outcomes dont get really far from those. The overall idea is that it creates a huge diference with stupid spender ppl who burns out the profit and also ppl who waits to find a real bulk and than begin spending.

  10. #10
    Don't pay attention to this particular member. It's all about support.

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