can i retire in 5 years starting with 5,000$ ?
- Thread starter mr double
- Start date
)Ok, well my goal is to make 20 million in 16 months, and im already 4 months in. Starting at 10k, and then doubling as soon as possible, hopefully every month.
Using the ratio of 1 lot traded per 5k in my account, all i need per month is 500 pips, or 25 pips per day. Seeing as some of the major crosses like EUR/USD can trade in the range of 160 pips per day... its pretty easy to spot a trading opportunity that can get you those 25 pips every day.
I mainly scalp my trades or trade on fundamentals. But recently searching on the net, I found out that it was very likely that FXCM operates in a way similar to a bucket shop... so I think ill make the switch to interactive brokers soon. Anyhow, why the negativity.. sure there may be some completely gulliable morons online, but it is entirely possible to make 25 pips a day. or 125pips a week consistently.
Using the ratio of 1 lot traded per 5k in my account, all i need per month is 500 pips, or 25 pips per day. Seeing as some of the major crosses like EUR/USD can trade in the range of 160 pips per day... its pretty easy to spot a trading opportunity that can get you those 25 pips every day.
I mainly scalp my trades or trade on fundamentals. But recently searching on the net, I found out that it was very likely that FXCM operates in a way similar to a bucket shop... so I think ill make the switch to interactive brokers soon. Anyhow, why the negativity.. sure there may be some completely gulliable morons online, but it is entirely possible to make 25 pips a day. or 125pips a week consistently.
well,
I personally make 3,652 pips per day scalping the Forex. I have amassed 1,000,000,000.00 in my game acount and plan on going live with $2.00 next week.
I personally make 3,652 pips per day scalping the Forex. I have amassed 1,000,000,000.00 in my game acount and plan on going live with $2.00 next week.