I agree with mike, its obviously gonna take time to go from 1000$ to 100000$. Thats a return of 10000% and i dont know about any individual in the whole world that can make that kind of profit in just a couple of years.
To me its obvious that you cant expect to fund a live account with 1000$ and then expect to be trading for a living. You need experience and also capital. Im working full time to save as much money as i can for the future. At the same time im practicing trading on demo accounts, trying out different methods to see what will suit me the best. Its possible to both work and trade if you use daily and weekly timeframes. Then in maybe 5-10 years, hopefully ill have some money saved and also the experience needed to be able to start trading live with a bigger account.
To be a good trader doesnt happen over night. I belive that it takes several years before you even should think about trading live with a big balance. And at the time one is practicing he or she might as well get a regular job to save money for the future live account.
Some fact here, if you can manage 2% per month and start with 1000$ then it will take you 233 months or about 20 years to gather 100000$ to your account.
If you can save some money at the same time, lets say 100$ a month then it will take you 144 months or about 12 years to gather 100000$, the smallest increase of starting balance, %/month or saved money/month will mage a huge difference in a long run because the power of compounding.
To me its obvious that you cant expect to fund a live account with 1000$ and then expect to be trading for a living. You need experience and also capital. Im working full time to save as much money as i can for the future. At the same time im practicing trading on demo accounts, trying out different methods to see what will suit me the best. Its possible to both work and trade if you use daily and weekly timeframes. Then in maybe 5-10 years, hopefully ill have some money saved and also the experience needed to be able to start trading live with a bigger account.
To be a good trader doesnt happen over night. I belive that it takes several years before you even should think about trading live with a big balance. And at the time one is practicing he or she might as well get a regular job to save money for the future live account.
Some fact here, if you can manage 2% per month and start with 1000$ then it will take you 233 months or about 20 years to gather 100000$ to your account.
If you can save some money at the same time, lets say 100$ a month then it will take you 144 months or about 12 years to gather 100000$, the smallest increase of starting balance, %/month or saved money/month will mage a huge difference in a long run because the power of compounding.