- How much money can I make through forex trading every month?
- How many trade setups will I have every day?
- How many pips can I make every month?
- Can I start with a $100 account?
- ... so on...
Among all the frequent questions, there is one question which is also asked by some traders whats the 2 common mistakes letting most down :
a) It is the greed that makes you think that it takes too long to grow a $5000 account to one million. When you calculate and see that it takes you for example 5 years to do that, you give up on it, and you try to find another method which can grow your account faster.
b)That is one of the biggest mistakes that a trader can make, because I have seen so many traders who wasted over 10 years looking for a more profitable trading system. They not only could not find or develop such a system, but also lost the chance of making money and growing their accounts through a trading system that worked slow but steady.
- Attached the Forex Plan Spreadsheet to visualize how a $5000 account can turn into $4,097,003.56 after four years, and $21,919,993.73 after five years, if you make only 15% profit every month. (or) how long it takes to $1000 account to reach the million figure..Attached FileForex-Plan.xls 17 KB | 814 downloads
- Four or five years is not a too long time to become a millionaire. Besides, many traders are able to make a lot more than 15% profit per month. I dont want to give any numbers here not to be accused of misleading the novice traders. But, there are so many traders who make a lot more than 15% profit every month. So, these traders can become millionaires much sooner than 4 or 5 years. You can be one of them too.
Are you ready to follow the simpler and easier way to become a consistently profitable trader, and so a millionaire?
Money management and lower leverage are the answer to sustain profitability staying away from Over Leverage/Greed/Fear/"always trading" mentality rather than high probabilistic trading..