Forex trading is both exhilarating and dangerous. In this type of market, profits and losses can be made in a couple of days. Being a millionaire does not happen fast, and it takes determination and patience to take risks, analyse risks, and invest wisely.
Do setups day timeframe if u r 100% sure (long term is ok! short term is ok! sometimes u do have almost 100% sure setups like today 153 GBPJPY up towards 155.7) if not -> stop = -50%.
For example plus500 acc margin call is -50%.
Then:
first time success?? take back the investment. start again…
Start = E 100 (no investment)
E 200
E 400
E 800
E 1600
E 3000
E 6000
E 12000
E 25k
E 50k
E 100k
E 200k
E 500k
E 1000k. Cash 90% (900k) 40% tax -> 500k to buy a house.
Left: 10x10k
start over … 10k etc.
Or…
PIPSHIP = 10% each month = PF YEAR = 3.0.
+10% =
Start) 1k
Year 1) 3k
Year 2) 9k
Year 3) 27k
Year 4) 100k
Year 5) 300k
Year 6) 1000k
Or…
+10% && 50% profit -> bank each year =
Start) 1k/1k
Year 2) 3k/1k -> 2k/2k
Year 3) 6k/2k -> 4k/4k
Year 4) 12k/4k -> 8k/8k
Year 5) 24k/8k -> 16k/16k
Year 6) 50k/16k -> 30k/30k + party + holiday (6k)
Year 7) 90k/30k -> 60k/60k
Year 8) 180k/60k -> 120k/120k
Year 9) 400k/120k -> 250k/250k + new car incl taxes (20k)
Year 10) 750k+250k = 1000k
Cash out 90% = 900k. 40% tax. -> 500k at the bank!
Start over… 100k = 50k/50k.
Start) 50k/50k
Year 11) 150k/50k = 100k/100k
Year 12) … etc.