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.
WARNING: This is a relatively lengthy article. But if it is an article aimed at helping you save your hard earned money, then it is definitely worth the read.
On an average month, I interact with hundreds, if not thousands, of Kenyan Forex Traders both physically and through my numerous social channels and most will complain of having lost money at one point or another while trading forex. I have discussed this extensively with my students and the following are the Top 9 reasons why Million shilling forex accounts go bust in the blink of an eye.