Whether you are a seasoned trader or new to the forex market, the myths about
forex trading are always swirling around you. These myths can potentially affect
anyone, no matter how long they have been trading. By knowing some of the major
myths, traders can avoid unnecessary frustrations
Most at times in our daily trading we are told Forex is ‘’Not a get rich scheme’’.
Yes this might be true, but I’d say a proven trading
technique validated through testing and trial , enough
capital along with a right psychological attitude and
mindset towards your trading can realistically put you on
the road map to being a billionaire .
Now having dealt with this myth lets take a real
look at how this can be possible . Would you
surprised If I should tell you all you need to do to
actualize this dream of being a billionaire is to make
20pips per day?... Mmh there comes in the doubt . Let
me explain;
You start with $500 account and you risk 5% across 20 pip
stop on a 1min or 5 min timeframe. Now all you have to do
is make 20 pips profit every day and you're make 5% per
day. 5 days per week means you're make 25% every
week so every month you're make 4 x 25% = 100% per
month or in other words double your account every month.
So lets do the maths on that, starting with $500 lets
work out how many months it will take to become a
millionaire??
Month 1 $1,000
Month 2 $2.000
Month 3 $4,000
Month 4 $8,000
Month 5 $16,000
Month 6 $32,000
Month 7 $64,000
Month 8 $128,000
Month 9 $256,000
Month 10 $512,000
Month 11 $1,024,000
Month 12 $2,048,000
So there we have it, our answer is to make just 20 pips
per day...
Doesn't seem too hard does it????
Just 20 measly pips per day and you'd be a Millionaire
in a year....
As been discussed above with a right psychological
thinking, proven trading technique it is possible to
achieve our dream of being becoming a billionaire in
forex.
Happy Trading!
forex trading are always swirling around you. These myths can potentially affect
anyone, no matter how long they have been trading. By knowing some of the major
myths, traders can avoid unnecessary frustrations
Most at times in our daily trading we are told Forex is ‘’Not a get rich scheme’’.
Yes this might be true, but I’d say a proven trading
technique validated through testing and trial , enough
capital along with a right psychological attitude and
mindset towards your trading can realistically put you on
the road map to being a billionaire .
Now having dealt with this myth lets take a real
look at how this can be possible . Would you
surprised If I should tell you all you need to do to
actualize this dream of being a billionaire is to make
20pips per day?... Mmh there comes in the doubt . Let
me explain;
You start with $500 account and you risk 5% across 20 pip
stop on a 1min or 5 min timeframe. Now all you have to do
is make 20 pips profit every day and you're make 5% per
day. 5 days per week means you're make 25% every
week so every month you're make 4 x 25% = 100% per
month or in other words double your account every month.
So lets do the maths on that, starting with $500 lets
work out how many months it will take to become a
millionaire??
Month 1 $1,000
Month 2 $2.000
Month 3 $4,000
Month 4 $8,000
Month 5 $16,000
Month 6 $32,000
Month 7 $64,000
Month 8 $128,000
Month 9 $256,000
Month 10 $512,000
Month 11 $1,024,000
Month 12 $2,048,000
So there we have it, our answer is to make just 20 pips
per day...
Doesn't seem too hard does it????
Just 20 measly pips per day and you'd be a Millionaire
in a year....
As been discussed above with a right psychological
thinking, proven trading technique it is possible to
achieve our dream of being becoming a billionaire in
forex.
Happy Trading!
