How To Be A Millionaire Dollars Using Fx Trading
What instrument allows you to have 100% return on investment every month? It cannot be stock and share as the return by Warrant Buffet, the world greatest investor are only 25% as best over annually rate of return. If you trade warrant or option with leverage, at most you can achieve is 25% rate of return monthly. But with forex trading at 200:1 or 500:1 leverage, it is not a dream to achieve 100% return monthly.
What is Forex Trading?
Forex is the largest financial trading market and it opens 24 hours for 6 days a week, floating from 1 foreign exchange market to another round the world. It is recorded more then 3.5 Trillion worth of currency are traded daily. The use of leveraging enables trader to trade and earn up to 100% its capital sum within days.
Example of a trade
You start of with 1000 USD in a 500:1 leverage account. By playing full 100k contract Forex trading, every 1 lot you buy, you will need 200 USD to hold on as margin. Every pips will cost you $10 and if you gain 100 pips per trade, you would yield $1000 every day if you trade 1 lot with 100 pips profit per day. Every currency will range from hundreds of pips to thousand of pips every week. If you can gain 100 pips every month, you will get 100% return on investment every month. This is possible if you are consistent.
Getting 100% every month
If you are more conventional and not high risk, you can play forex trading using mini lot which in turn works out to $1 a pip and you will need 1000 pips every month. There are many strategies which gives you 200 pips average every month. You just need to choose 5 good strategies and run it for one year to achieve your earning one million dollars target. Always go with 5 or more strategy so you will still earn if anyone of the strategy is not profitable that month.
Profit1 1100 pips and loss 1000 pips
If you manage to earn 1100 pips monthly but loss 1000 pips that same month, with only 100 pips profit, using 100K contract, you will still earn $1000 every month which is 100% ROI. Being consistent for 12 months and you will earn 1 million dollars. This is taking into account your drawdown does not trigger margin call at all times. And your trading lot size increases once you reach 100% ROI capital. (1k = 1lot, 2k= 2lot, 4k= 4lot, 8k = 8lot and continues)
Forex trading is made easy nowadays with MT4 trading platform. This MT4 trading platform comes with a programming language for you to codes your winning strategy and a strategy tester for you to test. These codes are called Expert Advisor and there are many Expert Advisors out there that is giving you more then 100% ROI that you can choose. You can visit bestforexranking dot com for more information.