20k to 500k

Quote from pjmalcolm1:

How long would it take to make 500k from 20k in a years time? And what is the annual income of most career traders?

i'm almost sure there is a girlfriend's "desire" lurking and wanting him to make that $ 500,000 jackpot.

my son, if you start reading about trading earnestly now, you'll find out in less than a year that its definitely not possible for a rookie.
 
A good Forex broker will tell you that all it takes is 1 good month of trading with the sufficient amount of leverage that he will be more then happy to provide. You'll always find him courteous and eager to accept your trades on any currency at any time of the day or night. Of course he will fill you at your price and show you 1 point spreads on any pair. You will also be happy to know that he will take the other side of anything you can dream up. Ask him how long it takes to make 20,000
 
Quote from Trader KGB:

2,500% annual return? Incredibly unrealistic.

Side question:

Why do people consistantly equate a traders performance to that of a fund ? Apples and oranges in my opinion.
 
Quote from tradertony76:
Why do people consistantly equate a traders performance to that of a fund ? Apples and oranges in my opinion.
I wasn't equating him to the performance of a fund, just stating the % return on base capital his scenario is calling for. % return on base is one analysis of a trader, not the most encompassing analysis, but still valid.
 
Quote from pjmalcolm1:

How long would it take to make 500k from 20k in a years time? And what is the annual income of most career traders?

Show me the money..........:p
 
Quote from pjmalcolm1:

How long would it take to make 500k from 20k in a years time? And what is the annual income of most career traders?

30 minutes a day, and an extra 15 on the weekend.
 
Larry williams started with half that amount and ended with
double (ie 10K to over a million).

So what you are suggesting is atleast four time easier to do than what he managed to do back in 1987, but then larry was a 20 year experienced trader.
 
Quote from pjmalcolm1:

How long would it take to make 500k from 20k in a years time? And what is the annual income of most career traders?


about 4 min if you know the winning lotto numbers....otherwise, if you need to trade, I would say 1 year, 4 days, 3 hours, 12 min, and 3 sec. Good luck!!
 
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