In just 2 years (614 days) with only 10 pips a day!
I recently wrote an article titled, “How to grow your 100USD Forex Account to 1000USD in a Year”. You can read that article HERE. Immediately after that, one of my readers contacted me and told me that, in actual sense, it is very easy to grow a 100USD account to 1,000,000USD with as little as 10pips a day. As you can imagine, I immediately wrote back to him and told him that it is both a mathematical and logical impossibility.
“But you fail to account for the powerful effect of compounding in your mathematics and logically, you have assumed that the trader must withdraw their profits which is not necessarily the case.” he replied to my email. To cut the long story short, he proceeded to send me a mathematical breakdown of how this can be achieved and I have attached a PDF at the end of this article which you can download and view the same. Below are screenshots of the first and last pages of that PDF.
What do you think? Is this logical? Is it achievable? Please share your thought in the comment section at the bottom of this page and I will be happy to see what your sentiments are regarding the same.
As always, I wish you all Happy and Prosperous trading. And Just in case you need a forex brokers account that let’s you deposit/withdraw as little as $1 and receive the money INSTANTLY via Mpesa, why not try out this broker >> http://bit.ly/withMpesa << They are THE BEST!