Fast way to become a Millionare trading forex

 

Whether  you're  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 risks.

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 the right psychological attitude and mindset towards your trading can realistically put you on the road map to being a millionaire.

There are many forex trading strategies out there; some are free while others are not. You can check out the some of the free strategies here Profitable Trading strategies, Or the Professional trading systems. Even with these free strategies, one can bag 20pips per day.

Now let’s take a real look at how this is possible. Would be you surprised If I should tell you all you need to do to actualize this dream of being a millionaire 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’ll 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 let’s do the math 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!