Web14/10/ · If you are more conventional and going with low risk, you can play forex trading using a mini lot, which works out to $1 a pip and will need pips every Web10/7/ · If you start trading on your own, you’ll be among the losing statistic. You are not special. 2. Expect to lose all your capital in the first three years of trading forex. 3. It is Web9/9/ · 1 Million dollars in forex trades. September 9, Read more related posts. Compounding $10 to $1 million in Trades Yes. Rules-based Synth Circles trading. Web28/10/ · Upon successful completion of the trading course, you are guaranteed a placement in the FTMO Proprietary Trading firm where you can remotely manage funded WebI turned the same size account into multi million dollars in a year trading similiar to this in forex, Its highly possible if you learn to trade properly, dont listen to negative people just ... read more
Story of my life both good and bad! Life is short so why not take the ride! This could be fun and, even better, profitable. I do look forward to the idea of starting very small and potentially gaining big. Psychologically the losses taken will be on "free money" so will be easier to handle - the gains much sweeter.
Working on the principle when you are down - the only way is up! Yes I'm interested, can't wait. I surely would like to follow your experiment. I would like to see your strategy of running the bank up.
I just started with the SMI software in a demo account this weekend. What is your handle on "MyFXbook". Who knows, if you do win this will be the most inspiring story for years to come. I think it's not only a game of strategies, but a mostly a game of guts. Come one, let's do it. and then urging me to go ahead.
I would be definitely interested, but need to know the proposed specifics; What session would we trade follow you on. Will this cost us ANY money other than a small amount to begin with to trade? When woudl you be teaching your "strategy" or would we learn while you trade? Basically what are all of the specifics on this?
Very interested!! Stay tuned here for specifics - as I said in the article, I wanted to see if there was real interest in this before proceeding. And apparently there is! Free - I'm on US east coast time, but I often get up for the London morning session, just to see what's going on if nothing else. In any event, I am usually worn out for the day by NY lunchtime - the bulk of my trading occurs between 6 or 7 AM to 11 AM, EST or EDT, which we'll be on next week. Yes, I am very interested in seeing and doing.
I know there are many people that make a living trading. They also have a the funds to do it. To start and fund a trading account with dollars is in my league.
Look forward to hearing more and going on the journey. Sir: I am hungry for aboslute freedom that a cool million would bring, Lord willing of course. So, how soon can I take part in this here venture.
Mag - Look, I'm willing to do all I can to help any fellow traders, but it may take us a little time to work out the best way to keep people updated.
I'm a writer - I'm not a computer whiz. I just got an email saying I have a new follower on "Disqus" I don't even know what Disqus is. Any event, give me a few days to get things set up and rolling - there will definitely be follow up columns from me on this. but there are two problems 1. When you will have an account bigger than k depending on your risk tolerance you need to accept loses of 7k 15k or even 20k on some days, and than you will need to make profits bigger than k daily.
These will be the problem, how to realoses of 7k 15k or even 20k on some days, and than you will need to make profits bigger than k daily. These will be the problem, how to react on such big price oscillations!
Anyway i wish u luck on your new mission and i will be with u and follow through 🙂. but there are two problems" Oh, well thank God there are only TWO problems. I feel much more confident now. Seriously, you're quite right, there will be those problems when the account hopefully does reach the higher dollar levels but I'll be happy if we GET TO the problems at that level. I hope we will have the pleasure to dicuss these topics infuture. Oh, come on, starting with is practically like cheating.
I agree that the idea is crazy. In fact, so crazy that it might just work. I love crazy and that's why I'm in on this with you all the way. Jack, Greetings first of all Well I read through your article and I see some very serious conditional attitude that "What if" you able to pull this off I mean What's the harm in it Because going from k to 1million may sound very interesting but the risk appetite is substantial I thoroughly believe if you can make ur account grow from k to 1 million or more then why not from the smaller account?
Initially may be it will take more time to from from 50usd to may be 1, or 10,usd but I will call this victory even if someone can get to 10k. What mostly we do not realise is the patience invlove to grow from very small to medium By the time u r near 10k or plus ur strategy and trading experience will be so much that it will become absolutely possible once u cross 10k barrier I'm all in to trade live with you Seriously sometimes we spend 50usd just for nothing so why not try something that's has something extraordinary to offer I'll consider it a lottery ticket So jack I'm all up for it Just do it.
You raise an interesting point, Ayaz. The growth rate assuming the trading plan works will be exponential, that is, growing faster and faster as we progress. Hey Jack! you have a vision you'll need several gallons of good quality neg repellent spray for the scoffers!
But remember this, your countrymen put a man on the moon! they too had a vision and cart loads of neg repellent!! Looking forward to joining you on your epic voyage. Thanks for sharing this. Harry McPhie Born again optimist. Thanks for your kind words, Harry and I thought you were going to say I'd need several gallons of good rum. Yes i think this would be very interesting, and i think it is acheivable because many pro traders have done this in a year.
A very good idea Casey, keep everyone posted. well you get the picture. So long as you remember three words, patience, discipline and consistency My favourite saying is based upon the most basic law of geometry that we were all taught in school. Good Luck with your project, I will be following closely. I'm going to go look up what those words mean right now. If you have that, then yes I believe it is quite possible and would be very interested in following along, and. I see a mountain of them we'll see - thanks for the encouraging words.
And like I said earlier to someone, if I find out how to do a Google hangout, I'll consider it. By the way, uh, if anybody could slip me the next monthly NFP report a couple of minutes before it comes out, that would help. Very interested in following. I believe it is possible to be profitable in forex trading, but not there yet myself. Would like to see the trades posted as they are placed live to see when entry and exit is made by a trader that knows more than myself.
So, yes, count me in. Keep me posted. I hope - and I think - you're right about that - it's certainly worth the effort just as a learning experience if nothing else. Table of Contents hide. Learn More here Ricardo says:. May 8, at am. Hillary says:. December 16, at pm. Ayemere moses says:. February 5, at pm. TradingStrategyGuides says:. March 23, at pm. Christopher says:. December 5, at am. steadypips says:.
July 19, at am. Ahmed Hasan says:. August 4, at am. Mumbles says:. August 3, at pm. August 2, at pm. Kevin Strydom says:. March 5, at pm. Ripped Off says:. December 25, at pm. ty says:. March 27, at am. Muyen says:. March 23, at am. jaime leal says:. March 20, at pm. Peter J Shepherd says:. March 19, at am. Paul says:. March 11, at pm.
Valleyboy says:. Jarle says:. March 10, at pm. Jack Maverick says:. mike says:. March 9, at pm. big edd says:. March 7, at pm. Theoretically, this is possible. But to fully answer this question, we have to look deeper and also ask:. Obviously, it matters whether you try to make a million within 1 year, 5 years, 10 years or 20 years. And, it also matters where you are starting. Such a trader will immediately over-leverage, get into the gambling mentality, take random trades and try to hit home runs instead of smartly managing risk.
After year 14, you would make an annual return of , based on the calculations. You bet! And it just goes up from there. I completely understand that this is not something you want to hear, but having unrealistic expectations is one the main reasons why so few make it in this business.
A short-term mindset, paired with an unrealistic view that you will soon get rich will lead to:. Obviously, return and risk go hand in hand. And if you want to achieve a higher return, you need to take more risks. In trading, you would then increase your position size per trade. Of course, the likelihood that you will blow up in the meantime also increases significantly.
When you are using a higher position size, the drawdowns and losing streaks will hurt much more and many traders will struggle emotionally to get out of a big drawdown. First, you need to work on yourself. You need to establish rules, you have to find a trading method that works for you and that you are ready to follow click here to learn our system and trade with us , without looking somewhere else. Here is a path that you can follow to get there too:. Trading does not necessarily have to immediately become your main source of income.
Trading can also be just a great way of supplementing your income, or allowing you to quit your job and then start a lower paid career where you follow your real interests and passions. And how great would it be to build a big trading account that can generate a lot of income 15 or 20 years down the road? Disclaimer: The calculations and returns are all hypothetical.
Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Hi guys, I wanted to share with you a strategy that I am using currently on one of my accounts. The goal is to make this account growing with a target goal of 1 million USD without making any withdrawal.
I would call it "The turtle millionaire strategy". Some of you probably use it or know it but some of you never imagine this possible. YES if you are patient and disciplined you can turn dollars into 1 million dollars. By giving you the chance to grow your account slowly but surely.
It should be different from your main account.
by TradingStrategyGuides Last updated Nov 10, Forex Strategies comments. This is going to be a challenge but it can be done and we are going to show you how. This is not a high-risk effort, in fact, we will always have a stop loss and always be focusing on risk management first.
If we do not focus on risk there is no way we can accomplish this. In order for us to accomplish this, we are going to need a trading plan that will help you go from zero to 1 million trading. The plan will need to be simple and easy to follow. You will need the discipline to follow this plan. Currency markets are to raise a trading stake. Well, I already did that part. By taking paid surveys online, every day for a month, making about a whopping one dollar a day for what often took several hours of work a day.
Now, HOW are we going to accomplish this? Specifically, I plan to utilize a trading strategy that I have used profitably before, trading primarily on the minute time frame. One great thing to remember is to use support and resistance levels. This will help you stay out of bad trades and increase your winning percentage which is always important when going for account growth, especially if you ar trading to earn 1 million dollars trading. Remember this is not financial advice and forex trading is risky, I assume you know that but we need to make sure 🙂.
I recommend that you will start out with a basic strategy with a high win rate. The best way to get a strategy is to take a look at the best strategy to make a living article:. The key to doing this will be discipline, discipline, and more discipline. Trying to make a million dollars in 15 months necessarily means taking some risks. However, I will stick with the basic trading strategy I have in mind. So, do I really believe this is possible? I sincerely hope with all my heart that we do succeed.
I hope for success not just for my sake I could use a quick million — pay a few bills , but for your sake, too, for all of you reading this and coming along on this journey with me. I believe that forex trading offers financial salvation. Sounds like fun to me, but what do you think? If you want to take a trading account from zero to one million you need to have a money management strategy to get you there. Yes, pips a month is a fast growth but we are going for a million dollars trading, very quickly this isn't going to be easy.
For this example, we are going to work at making pips per month. That is pips per week which is just 25 pips per day. If we do one trade a day at 25 each that makes it a little bit easier. However, let's not forget losing trades. IF you have a 25 pip stop loss and win one trade and lose one trade you are at 0 pips.
Not always an easy task. Just remember though sometimes you can win the entire pips in just one week. There are many ways to do this just try to stay on task and focus on pips a week with 2 per day being a good guide.
In the following image, I break down a great way to increase your account without using excessive risk. Is this a fantasy or can you go from zero to 1 million trading? Some weeks we may make much more, other weeks less but on AVERAGE pips a month and increasing the size we should eventually get UP. And that you had a few weeks scattered in here and there where you did NOT make it UP to the next level. Maybe have a month where we make less than pips.
We just adjust and move on. Keep on seeking the target of going from zero to 1 million. Let's carry it even further and say that you're just getting uncomfortable going above the 2 lots.
Let us say that it took you 26 weeks to slowly move up a mini lot at a time and now your trading 2 full lots and that is enough for you. Let's say you decide to NEVER go above this level and you're simply going to trade 2 lots forever. Weeks 26 through Can you do this?
What's amazing is you can target pips doing just one trade a week. That would be the way to do this. The following image below is a trade of pips using just one trade. One trade per week of pips would do the trick.
If this is something you cannot believe in. CHOOSE a number you can believe in. Make sure you keep track of this each week using a trading journal. This is an idea that we have put out there for the trading community to think about and act upon. I believe this is possible and the two hardest parts are discipline and learning to cope with losses without taking a huge loss.
If you want to learn about how to trade 1 million dollars using our money instead of risking your own profits I recommend you try our Forex Master Trader Program which includes access to our prop firm where you can trade up to one million dollars trading. Here is the next post in which I outline my million-dollar strategy. It is possible to make 1 million dollars trading forex as well as making 1 million dollars trading stocks.
We specialize in teaching traders of all skill levels how to trade stocks, options, forex, cryptocurrencies, commodities, and more. Our mission is to address the lack of good information for market traders and to simplify trading education by giving readers a detailed plan with step-by-step rules to follow. I would happily provide a myfxbooklink of my account for you to use for marketing purposes and would give you this from day 1 if you want it.
I definitely think it is possible with aggressive position sizing and decent strategy to exponentially grow an account. Set up a signal! Could call it: Million Dollar Baby. Good luck. If you set up a myfxbook link for your experiment please add it to your response to my comment. Only saw that this was infact a year ago What happened?
the only anyone at winners being able to turn a million in 18 months if through their members's monthly fees LOL. Jack, I am certainly excited with this challenge. I will certainly follow you through the entire process and win or fail I admire your generosity and your trading passion.
Best of luck which I don't think you need it because of your ability to trade!! Very interesting concept. My 'gut' reaction is absolutely no way you can take nothing and make a million Then I read how you have raised your initial capital, so its no longer a question of trading from nothing. You have raised your starting capital from non trading activity kind of a cheat, but I'll forgive you So,d I think you can get from 50 to a million?
No I don't. Would I have believed you if you stated you were going to go from ten thousand to a million? Yes I would - that is a strange set of perceptions. Why do I believe you could increment two zeros but not four?
So, now having examined my perceptions I realise they are totally illogical. So in the space of half a dozen sentences I have completely changed my mind form 'No it cant be done' to 'Yes, I believe you can do it'! Is this similar to the wonder of compounding? Of course it should work, providing iron discipline is employed. Count me in! I'm really looking forward to participate and think it's a fantastic idea! I have my MSI indicator and my 50 bucks ready to rumble.
and hope there will be a way to follow in on every trade. If you manage to pull this of it will be sending shockwaves around the whole world of traders and beyond! this is a cool experiment. Though I do not believe to reach the target of a million in 18months. I project a realistic safe figure of 10, Bring it on! this sounds great for a person like me with limited resources. but I don't have a clue about this area of investing. so you guys start to use terms like "myfxbook" and "trend strategies" you loose me.
I will watch intently to see what i can learn. Well, this is a great site to help you learn forex trading. It's not as complicated as it sounds,,,but it's not as easy as it looks either.
Web10/7/ · If you start trading on your own, you’ll be among the losing statistic. You are not special. 2. Expect to lose all your capital in the first three years of trading forex. 3. It is WebI turned the same size account into multi million dollars in a year trading similiar to this in forex, Its highly possible if you learn to trade properly, dont listen to negative people just Web14/10/ · If you are more conventional and going with low risk, you can play forex trading using a mini lot, which works out to $1 a pip and will need pips every Web9/9/ · 1 Million dollars in forex trades. September 9, Read more related posts. Compounding $10 to $1 million in Trades Yes. Rules-based Synth Circles trading. Web28/10/ · Upon successful completion of the trading course, you are guaranteed a placement in the FTMO Proprietary Trading firm where you can remotely manage funded ... read more
robert says:. Jack Maverick says:. I'm very interested in following along. I'm going to go look up what those words mean right now. So, how soon can I take part in this here venture.I surely would like to follow your experiment. This is not a high-risk effort, in fact, we will always have a stop loss and always be focusing on risk management first. But remember this, your countrymen put a man on the moon! Rick says:. I feel much more confident now.