if you had 1000.00 pounds
and you made 15 percent per month and then compounded your profits back into the 1000.00 at end of every month
then you would have over 1 million pounds in 50 months.
therefore if you can make 15 percent per week and compound …you will be a millionaire in less than a year from a grand.
if you can make 20 percent per month and compound it will take you 38 months to become a millionaire.
or if your good you can do it in 38 weeks.
if you get credit cards of up to say 20 grand…borrow 10 grand off your mum and sell your BMX and play station and rocking horse and throw in a grand of your own.
lock your front door and trade and make 20 percent per week and compound …you would be a millionaire in less than 20 weeks.
but if you just got 10k …and you made 20 percent on it per month…which is very good trading.
you will have over 89k in 12 months.
you would have 794 k in 2 years.
lets say your a slow starter…and you get 10k and make 5 percent per month
you will have nearly 18k in 12 months
you will have 32k in 2years.
you can buy out the world in 5 years with this pace! however, I believe it’s extremely hard to achieve this rate of returns. On the otherhand, with 7 percent compound monthly, you’ll be so wealthy in 7-10 years!
Cheers,:18:
NVGU
ok thanks for all the info guys. i think i didn’t explain my question very well. what i meant to say is if one start with $1000 dollars uses compounding with out withdrawing any of the profits he makes for 4 years can he get cumulative profit of $120,000. which if you divided by the months he has done trading come to $2000 a month
Well i need to some goal settings and to see if its worthwhile sticking with Forex trading.so i have changed my goals. lets say in fact now i do need to come to a stage after few years that trading it self provides me with a net return of $2000.
now if i accept a ROI of 4% per month and initially invested around $4000 i think i can come up with the goal of continuous return of $2000 per month after around 4 years (using compounding ) . now does this sound a realistic goal. and does maintaining average 4% permonth ROI for a long term ( 4 to 5 years ) reasonable.
Yes, now your goal is realistic. 4% monthly return can be achieved in Forex for long time. Even you can expect up to 10% in some good month, may loss in some bad months - but average 4% can be maintain if you can consistent in your trading strategy.
if you start with 4k and make 4 percent profit per month and compound it.
after 48 months you will have just over 26k in your account.
aftet 60 months you will have just over 42k
You guys are kidding right? I used a test with a $37 account and in ONE DAY I was able to make $10 profit from it, that is around almost 25% profit in one day, maybe you guys don’t have a working strategy that allows you to day trade, nonetheless, with a $500 account I was able to easily make $70 - $100 a day which, at max, is a 20% return, daily. I don’t know what system you guys use but Nirvaan it is realistic after a few months, just don’t blow it all, pick when to trade.
I made 41% today. Nice! I have an edge and I exploit the hell out of it . But you know what? Took me a year now to get this far and I still lose every now and again and could lose tomorrow. What your asking is very possible if:
A) you have a superior edge in the market
B) trade very high risk accompanied with a very high accuracy and low $ losing trades (very very hard to do)
C) you make a minimum if 50 pips per day without losing
D) you can consistently do this pretty much every day for months and months on end to achieve this goal long term.
If you did however turn that 1k into 3k at the end of month one, kept the profit in the account and traded that 3k exactly like it where that 1k you started with… And did this for every proceeding month (keeping the profit I the account) your risk would actually decrease substantially over time assuming your performance stays constant over time otherwise you will hit your 2k a month goal.
Does that sound easy? Hell no! Is it possible? Yes. Plausible? For the “average” trader not a chance at all. Good luck!
