2 Millions after 1 year ?

AlexanderSchatz posted:
Thank you PersaXU,

the calculator confirmed my first calculation: After one year I will have 2.3 Millions.
But is this realistic. I mean, is it possible to generate 3 percent each trading day in average?

AlexanderSchatz posted:
Hi volks,

I think I should repeat my last question in english:

Am I right that when I begin with 1000,- and get 3 percent per trading day than I will have over 2 millions after one year.

Thanks for your comments,

Alexander

Felipersa posted:

AlexanderSchatz posted:
Thank you PersaXU,

the calculator confirmed my first calculation: After one year I will have 2.3 Millions.
But is this realistic. I mean, is it possible to generate 3 percent each trading day in average?

You would be surprised the amount of money you can make trading, WITH the right risk management plan.

I have started accounts with as little as $100 use and have traded up to $1,000 in roughly 2 weeks, BUT being more risky than recommended.
It comes down to how much you're willing to risk.

You can even find YouTube videos of people (kids mostly) flipping accounts per day... but they have done so by risking EVERYTHING each trade... and that's just gambling.

Also, depending on what instrument you trade (forex, commodities, stocks, etc), you will have more or less income (when you win a trade); in other words: forex currency pairs pay differently; some pay more because of the exchange in currencies. Also, GOLD, is one of the highest paying commodities due to it's high volatility in such a short period of time, but making it also a very risky asset.

So you see how there are various variables you need to consider when analyzing your probabilities of success (+3% daily goal), and, honestly, THAT is my personal goal (3% daily growth).

Yes, it's very possible.

888Filmer posted:

AlexanderSchatz posted:
Hi volks,

I think I should repeat my last question in english:

Am I right that when I begin with 1000,- and get 3 percent per trading day than I will have over 2 millions after one year.

Thanks for your comments,

Alexander

there are many online calculators. and there is the real calculator - life xd
5-10% per year - that's a goal for growth traders
good luck mate, i stand for you

AlexanderSchatz posted:

Felipersa posted:

AlexanderSchatz posted:
Thank you PersaXU,

the calculator confirmed my first calculation: After one year I will have 2.3 Millions.
But is this realistic. I mean, is it possible to generate 3 percent each trading day in average?

You would be surprised the amount of money you can make trading, WITH the right risk management plan.

I have started accounts with as little as $100 use and have traded up to $1,000 in roughly 2 weeks, BUT being more risky than recommended.
It comes down to how much you're willing to risk.

You can even find YouTube videos of people (kids mostly) flipping accounts per day... but they have done so by risking EVERYTHING each trade... and that's just gambling.

Also, depending on what instrument you trade (forex, commodities, stocks, etc), you will have more or less income (when you win a trade); in other words: forex currency pairs pay differently; some pay more because of the exchange in currencies. Also, GOLD, is one of the highest paying commodities due to it's high volatility in such a short period of time, but making it also a very risky asset.

So you see how there are various variables you need to consider when analyzing your probabilities of success (+3% daily goal), and, honestly, THAT is my personal goal (3% daily growth).

Yes, it's very possible.

I am trading for about 3 years and my biggest failure is to overtrade. Now I plan to set my trades once after the beginning of the London session and another time after the beginning of the new york session. Then I turn of my computer. And now I have withdrawal spmptoms because I am adicted to the thrill of trading.

When it is so easy to make 3 percent per day and when someone gets 2.3 millions after one year (start with 1000), and after 3 years 10.304.698.038.203,- (10 Trillions), why does so many people teach other people to trade for money, when they must have trillions of money?

I am curious about the answers. :-)