WebHow Much Do Forex Traders Really Make? As a result of various job titles, the company, city in which the trader resides, and the company from which the trader is employed, the WebA lot of you requested a vlog about brokers and that will be coming soon. Here is some insight on things I applied in life for the last 7 years on a daily ba WebIs it possible to make millions trading forex in less than a year, you say? Yes, but you need to be extremely lucky and gutsy! Let me explain You take another look at the WebKnow what you are looking for in the markets and stay consistent! Don't be scared to execute your game plan. Scared money doesn't make money! Learn how to re WebOne Million Dollars Trading Plan. In this article, we are going to outline the plan that we will need. You will need a Forex Broker; You will need a trading strategy; You will need ... read more
However, this will never be a limitation because transactions can be denominated in smaller sub-units of a bitcoin, such as bits — there are 1,, bits in 1 bitcoin. Bitcoins can be divided up to 8 decimal places 0. Further expansion of tax offices digging into digital holders could cause coin holders to sell out of those under the spotlight. Taxes still have to be paid on any realized and unrealized investments which could cause paper millionaires to sell up. Go to Coinmarketcap. All those lesser offerings with cheaper prices will be more enticing to punters.
The golden question. There are so many similarities with the dot. How bad the bust will be will depend on how much money is involved. Not at all but it is a boom and it needs to have its pop before it can properly become a safe and effective trading and investment market. The likely outcome is that something pops the bubble and we get a big correction. It only takes a couple of big players to sell up and the world will declare a top and the sheeple will follow. That supposedly happened because of a large profit take trade, just one.
Like the dot. It always happens after people get hurt. In effect it will be like any other typical market correction but just on a much grander, crash type scale. Really, it all boils down to risk. Let the furore die down and wait until it becomes a proper market to trade and not the Wild West. Bitcoin adverts. About Latest Posts. Ryan Littlestone. Psychedelic chartist extraordinaire. Have your shades ready. Latest posts by Ryan Littlestone see all.
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These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience. Necessary Necessary. Instead of Turtle Traders, we could be Rabbit Traders! I think we would probably be the most interesting traders in the world. when it works. 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. A very BOLD challenge, this would give a new definition to "anything is possible". 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? Excellent challenge. I am happy to know that someone go for this kind of experiment. I am absolutely sure it is possible. I'd be interested in trading along with Jack. Hopefully he can make much more but time will tell.
Keep me posted please. Jana - Hey, if it was complicated, there's no way I'D be able to do it. HOW DO YOU KNOW IF SOMETHING WOULD SUCCEED IF YOU DON'T TRY. ROLL IT ON. This is really a fantastic idea, that many people most probably will encourage you to do.
Will we be able to join your trades? eg through openbook etorro , or other social trading?? Which 2 strategies will you use?
are they explained somewhere in detail? If the Trader 'John Carter' can make 1 million in one trade, why shouldn't we be able to make one million in 18 month?
People who say this is not possible, are people that aren't worth trading. Just know we really want you to succeed in this project thumbs up and then urged me to "Go for it". Thanks for your wishes of success.
I need to get on a "prayer request" list someplace. Let's have the link and I'll see you at the station. 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 definitely do. 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. Hi 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.
It 'a really a beautiful, "unhealthy" idea, but we have to try because other professions do not offer any stimulation.
Thank you for contacting me, I'm definitely interested also to learn this wonderful profession Thanks for all. 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. I love the way you said "just by doubling the balance every month", like that's practically no trick at all. This will never work its insane its crazy only a nut case would throw money away like this.
I'M IN-- lets do this. As always for me its holding my nerve when profits build to a substantial amount. LOL I am with TIM!! Gotta love the trader's spirit It's a great idea. Let's give it a shot. 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.
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!!!!
TK--I could certainly use an "upmove" like you envision. It could certainly resolve my financial needs and I would like to participate. 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. Anxious to see it happen.
Through all the hype that's out there, I want to believe and see how it is done. Make me a BELIEVER! 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. Who would not want in with a name like yours if nothing else! Maverick: an unorthodox, independent-minded person -- risk-taker. 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. Psychologically the losses taken will be on "free money" so will be easier to handle - the gains much sweeter. Working on the principle when you are down - the only way is up! Yes I'm interested, can't wait. I surely would like to follow your experiment.
I would like to see your strategy of running the bank up. I just started with the SMI software in a demo account this weekend. What is your handle on "MyFXbook". Who knows, if you do win this will be the most inspiring story for years to come. I think it's not only a game of strategies, but a mostly a game of guts.
Come one, let's do it. and then urging me to go ahead. I would be definitely interested, but need to know the proposed specifics; What session would we trade follow you on.
Will this cost us ANY money other than a small amount to begin with to trade? When woudl you be teaching your "strategy" or would we learn while you trade? Basically what are all of the specifics on this? Very interested!! Stay tuned here for specifics - as I said in the article, I wanted to see if there was real interest in this before proceeding. And apparently there is! Free - I'm on US east coast time, but I often get up for the London morning session, just to see what's going on if nothing else.
In any event, I am usually worn out for the day by NY lunchtime - the bulk of my trading occurs between 6 or 7 AM to 11 AM, EST or EDT, which we'll be on next week. Yes, I am very interested in seeing and doing. I know there are many people that make a living trading.
They also have a the funds to do it. To start and fund a trading account with dollars is in my league. Look forward to hearing more and going on the journey. Sir: I am hungry for aboslute freedom that a cool million would bring, Lord willing of course. So, how soon can I take part in this here venture.
Mag - Look, I'm willing to do all I can to help any fellow traders, but it may take us a little time to work out the best way to keep people updated. I'm a writer - I'm not a computer whiz. I just got an email saying I have a new follower on "Disqus" I don't even know what Disqus is. Any event, give me a few days to get things set up and rolling - there will definitely be follow up columns from me on this. but there are two problems 1. When you will have an account bigger than k depending on your risk tolerance you need to accept loses of 7k 15k or even 20k on some days, and than you will need to make profits bigger than k daily.
These will be the problem, how to realoses of 7k 15k or even 20k on some days, and than you will need to make profits bigger than k daily. These will be the problem, how to react on such big price oscillations! Anyway i wish u luck on your new mission and i will be with u and follow through 🙂.
but there are two problems" Oh, well thank God there are only TWO problems. I feel much more confident now. Seriously, you're quite right, there will be those problems when the account hopefully does reach the higher dollar levels but I'll be happy if we GET TO the problems at that level.
I hope we will have the pleasure to dicuss these topics infuture. Oh, come on, starting with is practically like cheating. I agree that the idea is crazy.
In fact, so crazy that it might just work. I love crazy and that's why I'm in on this with you all the way. Jack, Greetings first of all Well I read through your article and I see some very serious conditional attitude that "What if" you able to pull this off I mean What's the harm in it Because going from k to 1million may sound very interesting but the risk appetite is substantial I thoroughly believe if you can make ur account grow from k to 1 million or more then why not from the smaller account?
Initially may be it will take more time to from from 50usd to may be 1, or 10,usd but I will call this victory even if someone can get to 10k. What mostly we do not realise is the patience invlove to grow from very small to medium By the time u r near 10k or plus ur strategy and trading experience will be so much that it will become absolutely possible once u cross 10k barrier I'm all in to trade live with you Seriously sometimes we spend 50usd just for nothing so why not try something that's has something extraordinary to offer I'll consider it a lottery ticket So jack I'm all up for it Just do it.
You raise an interesting point, Ayaz. The growth rate assuming the trading plan works will be exponential, that is, growing faster and faster as we progress. Hey Jack! you have a vision you'll need several gallons of good quality neg repellent spray for the scoffers!
But remember this, your countrymen put a man on the moon! they too had a vision and cart loads of neg repellent!! Looking forward to joining you on your epic voyage.
Thanks for sharing this. Harry McPhie Born again optimist. Thanks for your kind words, Harry and I thought you were going to say I'd need several gallons of good rum. Yes i think this would be very interesting, and i think it is acheivable because many pro traders have done this in a year. A very good idea Casey, keep everyone posted. well you get the picture. So long as you remember three words, patience, discipline and consistency My favourite saying is based upon the most basic law of geometry that we were all taught in school.
Good Luck with your project, I will be following closely. I'm going to go look up what those words mean right now. If you have that, then yes I believe it is quite possible and would be very interested in following along, and. I see a mountain of them we'll see - thanks for the encouraging words. And like I said earlier to someone, if I find out how to do a Google hangout, I'll consider it.
By the way, uh, if anybody could slip me the next monthly NFP report a couple of minutes before it comes out, that would help. Very interested in following. I believe it is possible to be profitable in forex trading, but not there yet myself. Would like to see the trades posted as they are placed live to see when entry and exit is made by a trader that knows more than myself.
So, yes, count me in. Keep me posted. I hope - and I think - you're right about that - it's certainly worth the effort just as a learning experience if nothing else.
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by Ryan Littlestone December 5th, , Cryptocurrencies , Education 18 comments. Ok, a confession. The headline is a pure hook but it also serves a purpose for the rest of the post, so I apologise but please indulge me. First, how many of you clicked the link because you were enticed by the title? I hope to highlight some key warnings for traders and investors that I think are important. Technical analysis used properly is a method to try and define and mitigate your risk when trading.
It never has, nor will it ever, tell you where a price is going. At best, all it does is provide a visible indicator, on a chart in an asset where the price might do something. I could get a marker pen and physically draw a line over a chart showing on my pc screen and use it to trade from. If the price falls to the line, I might buy it on the line, with a stop just below.
In that sense, you can use technical analysis on anything with a price, including crypto-currencies. Why should a price stop on one line or another? It works purely because of weight of numbers.
Nothing more, nothing less and it all boils down to simple liquidity. Back to the point. That leads nicely on to my next point. The reason main financial markets work is because of liquidity. The financial world is plugged into bonds, stocks, and forex. There is next to none of that institutional liquidity in crypto-currency. Who stops bitcoin rising pips then falling ? Like them or loathe them, banks and financial institutions keep markets generally sound and well controlled.
That level of market control is just not there yet. They also have no regulatory cover, no government compensation schemes, and no recourse if they lose their digital wallets or they get hacked and stolen. The possible benefits of not being tied to banks or institutions to make and receive payments around the globe etc.
There will only be a total issuance of 21 million Bitcoins. What do you think happens when we hit 21 million and no more can be mined? There are two possibilities. In my view, option one is the most likely outcome. The Fad will wear off for investors and BTC will get dumped. However, this will never be a limitation because transactions can be denominated in smaller sub-units of a bitcoin, such as bits — there are 1,, bits in 1 bitcoin.
Bitcoins can be divided up to 8 decimal places 0. Further expansion of tax offices digging into digital holders could cause coin holders to sell out of those under the spotlight. Taxes still have to be paid on any realized and unrealized investments which could cause paper millionaires to sell up.
Go to Coinmarketcap. All those lesser offerings with cheaper prices will be more enticing to punters. The golden question. There are so many similarities with the dot. How bad the bust will be will depend on how much money is involved. Not at all but it is a boom and it needs to have its pop before it can properly become a safe and effective trading and investment market. The likely outcome is that something pops the bubble and we get a big correction. It only takes a couple of big players to sell up and the world will declare a top and the sheeple will follow.
That supposedly happened because of a large profit take trade, just one. Like the dot. It always happens after people get hurt. In effect it will be like any other typical market correction but just on a much grander, crash type scale. Really, it all boils down to risk. Let the furore die down and wait until it becomes a proper market to trade and not the Wild West.
Bitcoin adverts. About Latest Posts. Ryan Littlestone. Psychedelic chartist extraordinaire. Have your shades ready. Latest posts by Ryan Littlestone see all.
Search for:. Catch the all new Flow Show starting Monday 16th May. This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Reject Read More. Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website.
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WebOne Million Dollars Trading Plan. In this article, we are going to outline the plan that we will need. You will need a Forex Broker; You will need a trading strategy; You will need WebHow Much Money Can You Realistically Make Forex Trading? Despite this, a dedicated forex day trader with a decent strategy is guaranteed between 5 and 15% per month WebI think it’s impossible to make millions from scratch in any deal. Every job needs experience, training and time. Consider forex as a job, not gambling. 6 WebHere’s my first contradiction. Technical analysis used properly is a method to try and define and mitigate your risk when trading. It never has, nor will it ever, tell you where WebA lot of you requested a vlog about brokers and that will be coming soon. Here is some insight on things I applied in life for the last 7 years on a daily ba WebThis is the forex system I used in making my millions in this business. This system take care of forex news trading and technical analysis. It will make you ... read more
The possible benefits of not being tied to banks or institutions to make and receive payments around the globe etc. What is your handle on "MyFXbook". and then urged me to "Go for it". August 4, at am. this sounds great for a person like me with limited resources.
will says:. LOL I am with TIM!! 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. Pin It on Pinterest. Marion says:.