Okay, so, currently I’m 18 and I’ve looked into different possibilities of how I could become a millionaire using the forex market as my vehicle. I have discovered that using 1:100 leverage or even 1:50 - 1:25 is a bad idea if you want to be safe about it, and using a more modest 1:10 leverage instead is best for my chances of success.
What I’ve also discovered is that the forex markets trends last months or even years. So, my plan is as follows:
1) Start with $1,000 in my new forex trading account.
2) Use 1:10 leverage always to reduce a lot of risk.
3) Use a stop-loss of all my trading capital in every trade.
4) Keep the minimum take-profits as long as its more than what my commissions would be.
5) Just follow monthly chart trends, i.e. if the trends gone up for the past year on a yearly chart, and it shows it in a monthly chart that its going up as well, just follow the trend up along with it and keep on going up until I think its going to stop going up by taking advatage of lots of small take profits along the way.
6) Be aware of economic news and reports.
Example:
Say the GBP/USD is trading at £1.0000-$1.5000, and I place a bet to buy GBP/USD at this price at a 1:10 leverage, or $15,000 worth of pounds, (£’s) and I set a take-profit of, say, $15 or 10 pips and a stop-loss of my whole $1,000 and and keep on doing this, taking profits by trend trading and make this same $15/day for the 6 days the FX market is open a week, or $90/week x 52 weeks = $4,680 in 1 year + my original $1,000 = a 568% return for one year.
After I have achieved my 568% for 1 year, reinvest all capital and get another 568% compounded on top of that. So, it works as follows:
year 1) $1,000 up 568% = $5,680
year 2) $5,680 up 568% = $32,262.40
year 3) $32,262.40 up 568% = $183,250.43
year 4) $183,250.43 up 568% = $1,040,862.40 = USD millionaire
year 5) $1,040,862.40 up 568% = $5,912,098.74 = USD multimillionaire and GBP multimillionaire, or £3,829,025.15.
What do you say here like? Could this plan work do you think?
www.theinsidercode.com - Forex Software - pt.8b with Forex Expert Mac X of The Insider Code. Mac X Trading the Forex with an Unfair Advantage. Forex Software - pt.8b - More Forex Videos at www.theinsidercode.com
Product Description Are you having trouble managing positions? You just want to know what the fund managers and institutional traders are doing. This course will give you everything you need to understand the Forex market from the inside out. It is guaranteed to change your view of the market forever and will put you into a position of empowerment over the Forex market…. More >>
www.forexeasytips.com What is the Best Forex Software? Learn How to Trade Forex like the pros! Most FX traders lose money, don’t be one of them! Learn Forex for free here and get useful FX courses.
tinyurl.com ( Forex Software )–The Forex Robot World Cup Reviews–Forex Sofware tinyurl.com In Every Important Competition There Is A Winner…And Everyone Is Willing To Pay A Lot Of Money To Have The System/Knowledge That The Winner Used To Win…And, For The First Time Ever In The Automated Forex Niche, This Will Be A Reality For Many . www.forexrobotworldcupreviews.com http
Forex Trade Alerts for the GBP/USD. If you would like a free trial and receive the Trade Alerts in real-time, please add nwsuccess to your Yahoo! instant messenger list.
blogging4thefuture.com Ivybot has taken some of the more important questions and comments in its webinar forum on its forex trading platform for traders and a snippet of it is in this video. the full webinar is on the Ivybot home page that you can access through the report link above.
After traveling through hundreds of Forex Trading Robots websites, talking to their owners, and
reviewing their member's areas, we can cautiously acclaim the afterward 4 Forex Trading Robots
Websites,we are committed to award the a lot of assisting and accurate forex trading robots
accessible to the accepted public!Here are our Favorite Forex Trading Robots that Earn Nice
Profits Every Month!
