Can I make 100 dollars a day trading Forex with a 500 dollar account?

Let’s see, you want to make 20% per day. So if you compound that over 50 days you will turn that $500 into $10 million. Is this possible? yes, anything practically is but not likely. So how would you do it? Let’s say you want 20% in one trade because you want to compound 50 correct trades in a row to achieve $10 million. You would need to have a tight profit target of around 10 pips per trade, which would mean a lot size of 1 Lot (100K) to make $100. So understand the risk, you have a $100K trade on the line with $500 equity. This leverage will be maintained for 50 trades in a row. Now…..many winning trades tick by……and now we are at trade 49. We’ve got your account to just over $8.5 million profit……we’ve got to get you just one more win….(I’m getting nervous just typing this)….we need $1.5 million more, our lot size is now 150,000 Lots, (multiply that by $100K…..thats a lot of zero’s) Our imaginary broker throws caution to the wind and says “yeah go for it, I believe in you!”…….you press the button….just one more win baby!…….

So what did happen?…. I’ll leave that up to your imagination. Getting that kind win ratio is not easy, I can get you signal that will do 50 wins in a row, even more… but you’ve got to bring the nerves of steel to take those kinds of risks.

12 views0 comments

Recent Posts

See All

The bear trend against the USD started Sept 2020. The sentiment for a USD sell has been widespread across all major FX pairs and also a corresponding rise in the commodities sector reflecting a weaken

The Aussie has had a strong rebound from a low of 55 back in March2020 and a high of 74 in Aug2020. After a limited consolidation period the AUD/USD is now trending lower. RagingBullFX EA is executing

As we are now seeing a break down move with the EUR against the USD. This is the first break out of the consolidation since the end of July 2020. I would advise to start increasing position size and p