hello
10k to 1.2mil in 52 weeks of trading using a mini account…it takes 20 pips a day, 5 days a week
your probably doing the math and coming up with $52k
so its week 1 and u nervously put 10k into your forex account…starting with 10mini lots…u make your 20 pips a day…that Friday u should have 11k…
week 2 comes around…u start trading with 11 mini lots…that Friday comes around and u should have 12,100…now week 3 comes around and u start trading with 12mini lots. that Friday u should have 13,310…and the cycle goes on…
i so far explained the first 3 weeks…now let skip ahead to week15 which is roughly about 3-4 months
week 15 u should be at $37,967…so how many mini lots will u be trading that week? 37 mini lots. now week 16 is here, there is 41,763 in Ur account and u start trading with 41mini lots.then at the start of week 17, theres should be $45,939…if u continue this cycle till week 52…there will be 1,290,870 in the account…yes 1000%
caution…every trade will take up 10% of your account if using 100:1…or 5% if using 200:1…i personally will go with 200:1 because I’m not planning to have more that 2 positions open at any given time
there is a faster way of reaching that amount using the same concept…instead of changing the amount of lots u trade on every monday…change your lot sizes every $1000 mark u pass up
I’m sorry if my examples suck…this is the 2nd time I’m attempting to post this tread…1st attempt was very detailed but someone exited the browser
so if anyone has comments or questions, don’t matter if its smartass questions/comments or honest…please post
ps. i guess i left this out for the ppl that havent caught on…however many thousand dollars there is, that is the number of mini lots u open positions with…lets say u have 56,700 in the account…thatll be 55mini lots…lets say u have 750,872 in the account…that be 750 mini lots