Is it possible, as a forex trader, to go from nothing — start from absolute scratch, zero funds — to being a millionaire in 18 months? Well, I think I can safely promise you this much — It should certainly be an interesting journey finding out. Well, I already did that part.
By taking paid surveys online, every day for a month, making about a whopping one dollar a day for what often took several hours of work a day. Now, HOW are we going to accomplish this? Specifically, I plan to utilize a trading strategy that I have used profitably before, trading primarily on the minute time frame. If you need an online forex strategy if you want to try to make a million also. You can also pick up Winners Edge Trading Strike Momentum Indicator that helps to find market momentum before entering a trade.
There will probably be some gambling involved. Trying to make a million dollars in 18 months necessarily means taking some risks. However, I will hopefully stick with the basic trading strategy I have in mind.
Now, how can you follow along with me on this adventure? I definitely want your input and help with this. I mean, this is basically a pretty crazy idea, so someone injecting some sanity into the project will likely be helpful. So, do I really believe this is possible? If we pull off this miracle, it will be by the grace of God. I sincerely hope with all my heart that we do succeed. I hope for success not just for my sake I could use a quick million — pay a few bills , but for your sake, too, for all of you reading this and coming along on this journey with me.
I believe that forex trading offers that financial salvation. Sounds like fun to me, but what do you think? Here is the next post in which I outline my million dollar strategy. Jack, I am certainly excited with this challenge. I will certainly follow you through the entire process and win or fail I admire your generosity and your trading passion.
Would I have believed you if you stated you were going to go from ten thousand to a million? Yes I would — that is a strange set of perceptions. Why do I believe you could increment two zeros but not four? So, now having examined my perceptions I realise they are totally illogical. Is this similar to the wonder of compounding? Of course it should work, providing iron discipline is employed.
I have my MSI indicator and my 50 bucks ready to rumble. If you manage to pull this of it will be sending shockwaves around the whole world of traders and beyond!: Though I do not believe to reach the target of a million in 18months. I project a realistic safe figure of 10, Well, this is a great site to help you learn forex trading. I will watch intently to see what i can learn. Everything will cost you something, even reading this cost you time invested, and Time is one of the most valuable possessions we have.
So if you are thinking about not costing anything you have the wrong mindset already. But reading articles on this site are free and always have been but it is still going to cost you something. I hate turning a profit in a demo account — it always just makes me want to kick myself for not doing the trade for real money.
Good point, Allison — trying this with only Not impossible, but annoying. This sounds like an awesome idea!
Which is a bummer since post NFP often opens up some nice spaces for trades. When I get back we should email about strategies. If risk capital content of this venture does not change I will sure be interested in participating. This seems nuts enough to work! What could possibly go wrong? Instead of Turtle Traders, we could be Rabbit Traders!
I think we would probably be the most interesting traders in the world. Oh, come on, starting with is practically like cheating. I hope we will have the pleasure to dicuss these topics infuture.
This should be a very interesting project. I intend to follow it as close as possible. If you could even make the 10 to 20K mark in the 18 months, just think what is then possible in 5 years.
You have my respect! I am very interested to get in on this. Been day and swing trading for a few months and have not been too successful yet. Any plans on when you are going to start it? Are you planning on having instructions for those who would like to follow along?
I am happy to know that someone go for this kind of experiment. I am absolutely sure it is possible. Hopefully he can make much more but time will tell. Keep me posted please. Thanks for your wishes of success. This is really a fantastic idea, that many people most probably will encourage you to do. Will we be able to join your trades? Which 2 strategies will you use? Just know we really want you to succeed in this project… thumbs up: TK Thanks for the post, This is only a case study showing how Jack will do it, this is not a signal service just to be clear.
Robert we may do a Myfxbook account but this is a Case Study to see if it can be done this is not a signal service. However if he pulls it off we just might start one!!!! I would definitely be interested in following this as it progresses. I think this is probably what we all secretly want to be able to do… turn very little into a large sum of money. I only have a small trading account and would like to make it grow big in a similar time scale. I will be watching closely to pick up any tips and hints on how to be a better trader.
Go for it Jack. Very exciting idea and goal!! The trading room is looking forward to following you on this massive yet exciting challange! Leigh, you are now officially in charge of positive attitude for this journey.
Me, I worry all the time. Yes very interested in your idea, I wish you luck and would love to jump on board, I look forward to hearing more about your strategies. I am interested to be part of the experiment. I consider it relatively easy for the first few months, but while the balance increases the difficulty is getting higher and higher.
This will never work…its insane…its crazy…only a nut case would throw money away like this. Hi What about hooking your trades up with an auto or mirror trader, so that every one would be on the same page per say or at lest end up with the same amount in all accounts at the end. It could certainly resolve my financial needs and I would like to participate. Anxious to see it happen. I agree with Jack and believe Forex can help us make an income.
I have in this trading for about 10 yrs. In forex I agree to start with small capital and see it grow. Tho I burst many small accounts but I believe I can make it big one day. Now I trade with more confidence. I am in Jack thanks. Haha — I like it…but slow and steady is, paradoxically, what will rapidly grow profits. Who would not want in with a name like yours if nothing else!
Story of my life both good and bad! Life is short so why not take the ride! This could be fun and, even better, profitable. I do look forward to the idea of starting very small and potentially gaining big.More...