$100 into $1 000 000 in 12 months

now that i have your attention, how do i do it ?

Win the lottery.

that's the easy part...

even easier part is going from $1,000,000 to $0 in the 13th month.

How do you want to do it? What is your trading personality, technical or fundamental? Do you want to modify what you have always done, or do something completely different? What time frame do you prefer, or do you prefer range bars or point-n-figure? Have you trained yourself to professionally gamble? Do you understand about supply/demand and statistical methods to measure it, or do you have to use support/resistance lines, trend lines, and candle shapes? Do you have disposable income to use? Can you be awake during the market hours the currencies you want to trade are most active? Do you have any help? Do you have enough computer equipment to trade multiple pairs?

The path to profit is:
1. Developing an edge for entry.
2. Developing a counter-measure for being wrong.
3. Developing a method for exiting when profitable.
4. Developing a spreadsheet to calculate risk per trade.
5. Applying your trading process, compounding the profits, and increasing the risk.

Where are you in that cycle?

Why not euromillions ? 100$ to 156.000.000€ not on a year, not in a month, not in a week, but in 3 days ???

$4167 per day
$20,833 per week
$83,333 per month
$1,000,000 after a year

Many people will post jokes and laugh here, despite the fact that your question is VERY relevant.
The reason people laugh is because subconsciously they firmly believe that this kind of return is impossible to achieve in such short period of time. And many believe that is not possible at all)

But in fact from a technical standpoint, 100 to 1mil. is nothing special.

You just have to double the account 13 -14 times and you have 1 mil.

The whole problem is psychological. Trading is mental game! A game of numbers and nerves! Many people have the knowledge and the skills, but very VERY few have the guts to stand the psychological pressure. This is the main reason why you don't see traders with such high returns. Because 99.9% of people have a strong tendency to break down psychologically when put under extreme mental pressure.

For more on the subject - You should read my thread about the psychology of trading!
http://www.forexfactory.com/showthread.php?t=566056

When you are confronted with such problem, you have to approach it with open mind.
Think scientifically, think logically, and forget the conventional wisdom!!

Define the real problem before solving it!

What is the goal, what are the obstacles, how to overcome the obstacles.
The goal - turn 100 to 1 000 000 within 12 months.
The main obstacle - your mind!
The main solution to the main obstacle - your mind!

The question comes again! How to turn 100 to 1 000 000 within 12 months. Is it even possible? I mean really? How many people in this forum are asking this question? Hmmm....it looks like we are running in circles here.....

Let's break down the problem.

To turn 100 into 1 000 000 you have to double the account a little over 13 times.
To turn 100 into 1 000 000 within 12 months, you have to make around 120% return per month.

120% = 120$

with 50:1 leverage 120$=240pips per month, or 12 pips per day!

HA! Turns out that you are asking the wrong question!

The real question is - How to make 12 pips (on average) per day for a year while trading with 50:1 leverage without blowing the account?

So there you have it! Now we have clear definition of the real problem.

Immediately the first thing that comes to mind is risk management!
Now 9 out of 10 people are asking - How the hell one can manage risk with 50:1 leverage.

The answer is Very, very, VERY carefully!

To point you in the right direction, I can give you 3 words:

Scalping. Patience. Discipline.

The rest of the story - Figure it out by yourself!!

Step 1: Visit www.forexfactory.com/trades.php
Step 2: Click on the first name you see and notice their account is down more than 40%
Step 3: Analyze their trade list and see how most of their winning trades are probably 20 pips or less and then see how their losses are 100 pips or more.
Step 4: Trade as they do!

be patient sir, i try to figure out...and never found it.

Let say that 12 months is equal to 200 trading day. So you have to win 5% from your every day balance (compounding). If you consistent get 5% a day then you can get your 1,000,000 in 12 months.

That's very true. It is the Trader's mind that makes or breaks the trader. The attachment to the money is the main obstacle.
That said, following the plan would require the trader trading with hundreds of lots especially towards the end of 12 months on his way making 1 million.
How practical is that? I think there will be liquidity issues. Would it be good idea to place stop orders so all lots fill in at the same exact price? perhaps multiple broker accounts would help to divide the lots evenly.

Hope dies last!

Maybe with fading but highly doubt it ... eventually there'll be a deep retrace and you'll get trailed out.

Hi, AlphaOmega, May I know what is the position size for those 12 pips? I'm not good with math but my average pips per day (after subtracting losses) is about that level, but I play with fixed lot size and small one. Cheers!

that's very simple and not impossible just one thing you have to do:
1- learn black magic and summon demon and start ask him when and what you should buy or sell and when you should stop he will tell you everything
2- you can bring paper and 2 pencil and play charlie game, summon charlie and start ask him if you should buy that or sell that he will answer with yes or no and ask him which hour minutes seconds blah blah blah until you make him crazy.
or play weja
or do anything to get demon from demons dimension and ask him and it's will be nice if he can trade instead of you.
send him to tell you news result before anyone else know
just be brave and sell yourself to demon he will help you to be rich , it's good deal
in the end i am coward but if that success with you tell me :v

Assuming your broker is good, you are not going to have any issues with liquidity if you scalp with the major pairs during most active hours (where trading sessions overlap), as long as your trade size is under 10-15 mil.
Major problems will begin to occur when your trade size exceeds 30-50 mil. and at this level scalping becomes very hard.
Here is a snapshot from one of my brokers api (Asian session right now):


As you can see, you can get a fill for 10M in the range of 0.5 pips. And this is just one broker! Of course you can use several brokers, multiple accounts, and manage them simultaneously by using master account and trade copier.

ok, you can di like this and after 1 year you will have millionaire
depositvol entrypip$ gain
100.000.022.004.00day1
104.000.022.004.16day2
108.160.022.004.33day3
112.490.022.004.50day4
116.990.022.004.68day5
121.670.022.004.87day6
126.530.032.005.06day7
131.590.032.005.26day8
136.860.032.005.47day9
142.330.032.005.69day10
148.020.032.005.92day11
153.950.032.006.16day12
160.100.032.006.40day13
166.510.032.006.66day14
173.170.032.006.93day15
180.090.042.007.20day16
187.300.042.007.49day17
194.790.042.007.79day18
202.580.042.008.10day19
210.680.042.008.43day20
219.110.042.008.76day21
227.880.052.009.12day22
236.990.052.009.48day23
246.470.052.009.86day24
256.330.052.0010.25day25
266.580.052.0010.66day26
277.250.062.0011.09day27
288.340.062.0011.53day28
299.870.062.0011.99day29
311.870.062.0012.47day30
324.340.062.0012.97day31
337.310.072.0013.49day32
350.810.072.0014.03day33
364.840.072.0014.59day34
379.430.082.0015.18day35
394.610.082.0015.78day36
410.390.082.0016.42day37
426.810.092.0017.07day38
443.880.092.0017.76day39
461.640.092.0018.47day40
480.100.102.0019.20day41
499.310.102.0019.97day42
519.280.102.0020.77day43
540.050.112.0021.60day44
561.650.112.0022.47day45
584.120.122.0023.36day46
607.480.122.0024.30day47
631.780.132.0025.27day48
657.050.132.0026.28day49
683.330.142.0027.33day50
710.670.142.0028.43day51
739.100.152.0029.56day52
768.660.152.0030.75day53
799.410.162.0031.98day54
831.380.172.0033.26day55
864.640.172.0034.59day56
899.220.182.0035.97day57
935.190.192.0037.41day58
972.600.192.0038.90day59
1011.500.202.0040.46day60
1051.960.212.0042.08day61
1094.040.222.0043.76day62
1137.800.232.0045.51day63
1183.320.242.0047.33day64
1230.650.252.0049.23day65
1279.870.262.0051.19day66
1331.070.272.0053.24day67
1384.310.282.0055.37day68
1439.680.292.0057.59day69
1497.270.302.0059.89day70
1557.160.312.0062.29day71
1619.450.322.0064.78day72
1684.230.342.0067.37day73
1751.600.352.0070.06day74
1821.660.362.0072.87day75
1894.530.382.0075.78day76
1970.310.392.0078.81day77
2049.120.412.0081.96day78
2131.080.432.0085.24day79
2216.330.442.0088.65day80
2304.980.462.0092.20day81
2397.180.482.0095.89day82
2493.070.502.0099.72day83
2592.790.522.00103.71day84
2696.500.542.00107.86day85
2804.360.562.00112.17day86
2916.530.582.00116.66day87
3033.200.612.00121.33day88
3154.520.632.00126.18day89
3280.710.662.00131.23day90
3411.930.682.00136.48day91
3548.410.712.00141.94day92
3690.350.742.00147.61day93
3837.960.772.00153.52day94
3991.480.802.00159.66day95
4151.140.832.00166.05day96
4317.180.862.00172.69day97
4489.870.902.00179.59day98
4669.470.932.00186.78day99
4856.250.972.00194.25day100
5050.491.012.00202.02day101
5252.511.052.00210.10day102
5462.621.092.00218.50day103
5681.121.142.00227.24day104
5908.361.182.00236.33day105
6144.701.232.00245.79day106
6390.491.282.00255.62day107
6646.111.332.00265.84day108
6911.951.382.00276.48day109
7188.431.442.00287.54day110
7475.971.502.00299.04day111
7775.001.562.00311.00day112
8086.001.622.00323.44day113
8409.451.682.00336.38day114
8745.821.752.00349.83day115
9095.661.822.00363.83day116
9459.481.892.00378.38day117
9837.861.972.00393.51day118
10231.382.052.00409.26day119
10640.632.132.00425.63day120
11066.262.212.00442.65day121
11508.912.302.00460.36day122
11969.262.392.00478.77day123
12448.032.492.00497.92day124
12945.952.592.00517.84day125
13463.792.692.00538.55day126
14002.342.802.00560.09day127
14562.442.912.00582.50day128
15144.943.032.00605.80day129
15750.733.152.00630.03day130
16380.763.282.00655.23day131
17035.993.412.00681.44day132
17717.433.542.00708.70day133
18426.133.692.00737.05day134
19163.183.832.00766.53day135
19929.703.992.00797.19day136
20726.894.152.00829.08day137
21555.974.312.00862.24day138
22418.204.482.00896.73day139
23314.934.662.00932.60day140
24247.534.852.00969.90day141
25217.435.042.001008.70day142
26226.135.252.001049.05day143
27275.175.462.001091.01day144
28366.185.672.001134.65day145
29500.835.902.001180.03day146
30680.866.142.001227.23day147
31908.106.382.001276.32day148
33184.426.642.001327.38day149
34511.806.902.001380.47day150
35892.277.182.001435.69day151
37327.967.472.001493.12day152
38821.087.762.001552.84day153
40373.928.072.001614.96day154
41988.888.402.001679.56day155
43668.438.732.001746.74day156
45415.179.082.001816.61day157
47231.789.452.001889.27day158
49121.059.822.001964.84day159
51085.8910.222.002043.44day160
53129.3210.632.002125.17day161
55254.5011.052.002210.18day162
57464.6811.492.002298.59day163
59763.2611.952.002390.53day164
62153.7912.432.002486.15day165
64639.9512.932.002585.60day166
67225.5413.452.002689.02day167
69914.5713.982.002796.58day168
72711.1514.542.002908.45day169
75619.5915.122.003024.78day170
78644.3815.732.003145.78day171
81790.1516.362.003271.61day172
85061.7617.012.003402.47day173
88464.2317.692.003538.57day174
92002.8018.402.003680.11day175
95682.9119.142.003827.32day176
99510.2319.902.003980.41day177
103490.6420.702.004139.63day178
107630.2621.532.004305.21day179
111935.4722.392.004477.42day180
116412.8923.282.004656.52day181
121069.4124.212.004842.78day182
125912.1825.182.005036.49day183
130948.6726.192.005237.95day184
136186.6227.242.005447.46day185
141634.0828.332.005665.36day186
147299.4429.462.005891.98day187
153191.4230.642.006127.66day188
159319.0831.862.006372.76day189
165691.8433.142.006627.67day190
172319.5234.462.006892.78day191
179212.3035.842.007168.49day192
186380.7937.282.007455.23day193
193836.0238.772.007753.44day194
201589.4640.322.008063.58day195
209653.0441.932.008386.12day196
218039.1643.612.008721.57day197
226760.7345.352.009070.43day198
235831.1647.172.009433.25day199
245264.4049.052.009810.58day200
255074.9851.012.0010203.00day201
265277.9853.062.0010611.12day202
275889.1055.182.0011035.56day203
286924.6657.382.0011476.99day204
298401.6559.682.0011936.07day205
310337.7162.072.0012413.51day206
322751.2264.552.0012910.05day207
335661.2767.132.0013426.45day208
349087.7269.822.0013963.51day209
363051.2372.612.0014522.05day210
377573.2875.512.0015102.93day211
392676.2178.542.0015707.05day212
408383.2681.682.0016335.33day213
424718.5984.942.0016988.74day214
441707.3388.342.0017668.29day215
459375.6391.882.0018375.03day216
477750.6595.552.0019110.03day217
496860.6899.372.0019874.43day218
516735.11103.352.0020669.40day219
537404.51107.482.0021496.18day220
558900.69111.782.0022356.03day221
581256.72116.252.0023250.27day222
604506.99120.902.0024180.28day223
628687.27125.742.0025147.49day224
653834.76130.772.0026153.39day225
679988.15136.002.0027199.53day226
707187.67141.442.0028287.51day227
735475.18147.102.0029419.01day228
764894.19152.982.0030595.77day229
795489.95159.102.0031819.60day230
827309.55165.462.0033092.38day231
860401.93172.082.0034416.08day232
894818.01178.962.0035792.72day233
930610.73186.122.0037224.43day234
967835.16193.572.0038713.41day235
1006548.57201.312.0040261.94day236

average 2.56% for 365 trading days and you will reach 1 million. Compounding, the 8th wonder of the world.

365 trading day is about 18 months he wants 12 months solution!

The only way that this ever be achieved is by keeping the equity (not the balance) at zero or above.
The only factor that fluctuates is the equity -- not the balance.
Therefore trade the equity, not the balance.