Hi ,

starting this thread I will try to reach something which some already have achieved and many never will manage to do.

I want to create my first million by investing in the FX market starting with just 10,000 Euro over a period of 10 years. And I wish to document it here so everyone can find out if I fail or not.

10 years are a long period at least at the FX markets and market requirements will change in that interval. Just how will I try to realize my objective?

The first two weeks I tried a pure mechanical approach utilizing inside bars. This effort failed. So now I simply do straightforward optional trading working with some fundamentals and simple technical things. I trade reduced leverage, typically 0.5:1 around 2:1 per entrance...

like I begin my christmas/new year vaion shortly I'll begin this journey in January 09. You may ask why I post this right now if I primal begin in January? Hmm... Do not know, have some time now so I do it.

So be warned this will be among the very boring threads !

Tracking - final update 23-October-2009

Monthly Average: 8.20%
Estimated weeks to million in the rate: 59 overall / 50 left

Starting Balance 08-Jan-2009: #8364;10,000.00
Current Balance 13-Oct-2009: #8364;25,799.41 157.99%

Jan 2009: #8364;9,215.92 -7.84%
Feb 2009: #8364;8,943.03 -2.96%
Mar 2009: #8364;9,128.69 2.08%
Apr 2009: #8364;8,559.92 -6.23%
May 2009: #8364;11,000.73 28.51%
June 2009: #8364;11,777.97 7.07%
July 2009: #8364;14,059.48 19.37%
August 2009: #8364;15,344.71 9.14%
September 2009: #8364;19,130.28 24.67%
October 2009: #8364;25,799.41 34.86%

And that is the equity how it ought to look like 2009:

http://www.xaron.net/dl/fx/2009/ib/equity.png

light green: the required equity excluding taxation
orange: the required equity such as taxes
green: the True equity