I was wondering whether you could help me clarify something about the forex market. I have devised a strategy in which I’d open an account with $1,000,000 over a period of 10 years - and gain 26% per month from the strategy I want to implement which involves compounding. If this is possible it’d mean in 1 month, my account would have moved to $1,260,000 - and at the end of that 10 year period (120months) I’d have made $1,107,810,339,213,200,000. And from the research I’ve made - it seems to me that the forex market is very profitable achieving a $5.3trillion daily turnover.
I’ve only tested this strategy on paper not physically on forex trading accounts but before I do that I’d like to know the possibilities, whether it’s possible to achieve this remarkable feat - on paper compounding it appears like it is but realistically speaking, taking out the “Everything is possible” It’d want to know whether it is or not. If yes why? Or if no why?
It’d also like to know the possible likelihood of become a forex millionaire, billionaire, etc. I’m really keen in the forex markets and I’d say I have the adequate knowledge to start trading - but there are just some things like this that I’d like to realise.
Please I’d welcome fully elaborated answers as I’d need to understand it step by step