How do I make millions trading Forex?

The main component is determination and discipline. There are a lot of naysayers that Rome these forums. I had to take a break from reading threads for that reason, the negativity could be harmful to your trading. What you need to do is develop a sound trading system and only take the A+ Trades, be patient and wait for your set up. Anything in life is possible. I would never thought a black male like myself who grew up in poverty and faced with all the stereotypes would work his way up from an E-2 to an O-4 in the military. I earned my degree and was determined to become and officer because I wanted to inspire others in the military and challenge myself. I heard NO throughout my childhood and turned the word NO into a motivator. I read these threads just to hear the word NO because that lights a bigger fire. The military has taught me discipline and respect. I'm disciplined enough NOW to wait for my setup and respect these markets enough to trade what I see, not what I expect. Anyone can have that discipline. I hate to use a cliche bit I've been hungry before and that's how I feel about forex. I'm hungry and I have to eat. I'm the Cookie Monster and the forex brokers are the cookie. I'm not trying to eat the whole cookie, I just want the crumbs. Since it's a trillion dollar industry, that's plenty for me. Stay positive, control your risk and keep your eyes on the task/goal at hand. Take one trade at a time and don't let your emotions control your trade. Set your TP and SL and walk away.

Spot on my friend spot on...

If you believe you can achieve....

As for me, this question is rather strange, if you're not joking. I suppose yes, it is maybe not beyond the reality, but are you ready to experience long years of consistant losses at first?

Yes it can be done, just needs patience and dicipline and maybe a touch of luck too. Have a good rules to your way of trading i.e. the system that you use, then just do it with a positive attitude. Within a year? I doubt it, though depends on your capital and how much you're willing to 'let go' to start business i.e. get in a trade.

If you start with such mentality then I would say your change to be successful is near 0%

You can make millions by placing profitable trades.

Yes!! If, before you started, you had a billions

That is (theoretically) not necessary. You can reach impressive big gains with just a few percent every day (on average is enough, so a loosing day every week actually isn't much of a problem). The key is frequent compounding which is however what breaks many peoples neck (it's mostly a psychological problem, most people think 20k is much more than 30 - which in absolute numbers is true, but we're talking percentages here now the hardest part is to get that into ones mind).

you only going to make millions scamming the most amount of people , the more you successfully scam the more money you will get. money has to come from somewhere. trying to take 1mil from a bank ? You better start with A LOT or else you wont get there. Even 100k you have to 10x that WITHOUT any withdraw just STRAIGHT compounding. reality in trading is very harsh, most don't even realise. this goal im afraid is very unattainable.

Agree totally, the only way is to first become an extremely proficient trader, and then start with a lot of capital (either your own, or trade other people's money).

If an aspiring 'trader' has ambitions of turning (say) $500 into millions, then perhaps his only chance is something like this; the compounding math makes it appear easy, but be ready to blow hundreds of $500 accounts before hitting the lucky winning streak that reaches the goal. I'd call that gambling rather than trading, but it is legal, LOL

Consistency is a key ,
It can be done in a year based on starting capital and winning rate.

If you have any system makes 10 net wins per week with 1:2 RR.

You can reach your goal on following 2 years starting from 20k account by risking %0,3 per trade .

%10-20 per month , This is what you have to aim for.



If you can introduce good results,
Investors will be there .. be consistent for a while , Attract some people and start with higher sum.
With good comission you can be there in a 1 or 2 years.

Well the idea shouldn't be getting rich but achieve consistent results. Otherwise making a million today may loose you just as much the next day. Don't live the life to become rich just try to hold on to those things you love to do. If you wanted to be a carpenter but you became a programmer just so you think you will make more money then you will never make it as you could have done as a carpenter. Bottom line - do what ever you do with love and passion and you will make that one or more millions.

To make millions from trading daily, then you need a capital that runs in millions and also a trading system that is at least 90%accurate

Let me respectfully remind you
Wins and losses are of supreme importance
Time swiftly passes by and opportunity is lost
Each of us should strive to prosper
Take heed:
This night your days are diminished by one.
Do not squander your life on futile pursuits

If you want to make a million from 200-500 bucks you need a pip monster strategy. The math is simple, everyone knows how to count. The difficult part is to devise this pip monster grabbing machine. How big? 1:10net daily RR that runs 24/5 continuously. Impossible? Well, that's what is required and you go find it.

Ted talks have always been very inspirational. Don't focus on the goal rather focus on your own behavior. It is easy to calculate what returns you would need to achieve your goal, but first of all you don't decide how much volatility happens and how many pips you earn every day. The market dictates that. Focus on trading profitably and returns will come eventually.

wake up dude