can i retire in 5 years starting with 5,000$ ?

It's easy to get rich quick, but not in forex.

You should do what I did:

A very nice Nigerian fellow who was handling the estate of the late General Mbowegomo for his widow, Nanaiah, recently contacted me. The estate, in a secret Nigerian bank account, is worth $12 million and I get half for assisting in the transfer to a bank in England. They have to be careful, or else they would need to pay a large amount in taxes, so they can't use normal channels.

I just had to wire them $10,000 in "good faith" and they will soon transfer the money into my account in the US. So for only $10,000, I get $6 million. Pretty good deal, huh?

I could give you his email. Maybe he has another great deal like that?

The money is a couple days late and he doesn't answer his phone, but I'm not worried - I got a "notarized" letter from a Nigerian "bank official" that the deal is real. I'm sure he is just running a little late...
 
If you have to ask such a question then the answer is no. Currently Eur/Gbp Long at .6785 - a nice swing play - inverse head and shoulders on the daily.
 
You would be at $1,384,007 if you could make 10% a month, compounding all of your profits month by month.

However, it will be more difficult for you to turn your $600 into $1,000 than anything else.

If this is your only trading capital, I'd tell you to take it slow and really learn what you are doing.

Remember 10% a month of 0 is the same as 198493% a month of 0...ZILCH.

Best of luck no matter what you do.
 
Quote from eddie0816:

You would be at $1,384,007 if you could make 10% a month, compounding all of your profits month by month.

However, it will be more difficult for you to turn your $600 into $1,000 than anything else.

If this is your only trading capital, I'd tell you to take it slow and really learn what you are doing.

Remember 10% a month of 0 is the same as 198493% a month of 0...ZILCH.

Best of luck no matter what you do.
More...

No, mr double, got the math right

5000*1.1^60=1,522,408.
 
At that rate, in slightly more than 15 years you'll be the world's richest man.

30,000% ror per 5 years with 40% tax.

1) first 5 years: 902,000 after tax
2) 5 years after: 162,720,800
3) another 5 years after: 29,354,832,320

At this rate, if you teach your kids your method of making money, they'll have all the world's money in no time.
 
You must log in or register to reply here.
Back
Top