Turning US$100.00 to US$1,000,000.00, Target a Year!

seem's possible

You'll be told this can't be done and it's silly, no doubt. Let me just say, it CAN be done if you are any good at trading.

You will have to overcome some major emotional hurdles when real money is on the line and as you get more money it'll just become harder and harder, challenging your comfort levels and making it hard to keep a level head.

You'll also have to come up with a decent MM strategy, one that keeps your core capital safe with a low risk % but ALSO has an element of aggression so that as you earn more you can use some of that for a higher risk % of trade. This will stop you from blowing your account up entirely (low risk % on the core) but provides the higher risk % needed to achieve such a large goal from a small starting capital. You will not make it to $1million from $100 in a year by sticking to a 1% risk per trade forever.

Do this and you can achieve your goals. Even a basic, average winning strategy can make good money with good MM and a level head. That's the hardest part of trading, though keeping it together and sticking to the plan, that is where most traders fail in the end.


p.s. http://www.forexfactory.com/showthread.php?t=240958 take a look there, I am not talking about the strategy itself but more the MM system he uses. That is an example of what I am referring to. Using a higher risk on some of your profits (whilst never putting a core of your money at real risk, just like a good safe trader) allows for exponential growth (also loss, though, so you'll have to overcome that emotional hurdle also.) At some point you'll reach an amount of money where you can say "ok 2% per trade from here on will let me reach my goal, I don't need rapid growth anymore" and you can eliminate that big gain/loss cycle and get back to trading properly.

newbie fallacy

Ah you naysayers, shouting fellacy every time someone starts a journal ... hey Sulthon .. good luck ... and drop that fag, smoking kills!!

Good-luck.

sorry this is my first time shouting FALLACY....your another loser i can see

"All Time-22.3%" according to your trade explorer. Care to tone the insults down a bit?

Sure, it's not LIKELY that everyone who says they want to make a million will .. but that's not because it's not possible, it's just hard. Show support and help, why try to bring a fellow FF member down? If you truly believe he wont manage it, WHY? What reasons, what can you do to help him, etc. ?

bless his dreams,$100.00 to $1,000 maybe more realistic!

I hope your Prepared, because if you do not know Exactly what you are doing you are going to crash and burn and it's not just money that you are going to burn through, there is a cumulative mental stress that Will take it's toll and may cause you unforeseen difficulties in other areas of your life.

Remember, the money your trading with isn't demo money. It's Real money that you've probably had to work for and if you lose you're going to have to replace it. The only way to replace it is by Depriving yourself of other luxuries or necessities.

Trading isn't a Game and do not treat it as such because foolishness has real life consequences.

You've got to integrate this one FACT into your mind and NEVER forget or doubt it's power to drop you like a sack of shit. No profitable trading plan = account Destruction each and every time without fail. Without one you have ZERO percent chance of making it.

yo all, thanks for the support, without you I'm weak

I am see a lot this kind of thread for many years,but most of these members gone without any dust..

Do you understand Mr.Market enough dek ? Confidence is Good but dont underestimate Mr.Market,your unrealistic target will turn become emotion pressure later and you will trapped in loser circle

Rather than focus on how many $$$ you wanna make,Its better for you for focus to understand In deep how FX Market works..

active ur explorer so we can see your progress


Good Luck

if he can turn $100 to $1million, george soros can turn his $1billion to $10 trillion in 1 year

According to Wikipedia, Mr. Soros is worth 20 Billion as of 2012.

I support the OP, it is possible to make huge money in Forex, Plan your trade and trade your plan. Reach for the stars!

GF10

The law of diminishing return works against him and against all of us