Try the Rover North Forex System that makes 122.11% return each month on average in live trading RISK FREE for 60 days on your demo account. Download this highly profitable Magic Breakout Forex Strategy by Tim Trush and Julie Lavrin FREE. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Many investors have taken up Forex trading in the last couple of years especially after the stock market crash that happened in 2008. Forex trading is exciting and it is being called the Best Home Business of the 21st Century that will make many millionaires. So, let’s discuss how to make a million dollars trading Forex in just under 13 months.
Suppose, you have got $2,000. If you are able to make 60% return each month you can turn your $2K into $1M. Let’s do the maths. At the end of each month, your $2K if grown by 60% on average each month will be as follows:
1st: 3,200
2nd: 5,120
3rd: 8,192
4th: 13,107
5th: 20,971
6th: 33,553
7th: 53,685
8th: 85,896
9th: 137,433
10th: 219,893
11th: 351,828
12th: 562,925
13th: 900,683
14th: 1,441,091
You can see yourself that by the end of the 13th month, your account will be close to the million dollar mark. But the important question is how to grow your account by 60% each and every month on average. For this, you need a trading system that makes on average 60% return each month.
Once, you have selected a trading system that makes 60% return each month on average, you need to master it on your demo account. You need to decide the currency pairs that you will trade with that system plus you need to decided the trading sessions that you will be trading with that trading system,
So, your million dollar challenge all boils down to finding a trading system that can make you 60% return each month on average. You can reach your million dollar mark much earlier with a trading system that can make a higher return like 80% or even 100% per month.
But in the end, choose a trading system that is easy to trade and does not take more than a few hours something like 2-4 hours each day to trade. It is always good to be conservative in trading. You should have a trading strategy that does not risk more than 5% of your account on each trade so that you don’t get blown out by a single trade.
Once, you have identified your trading system, you need to master it. It is always good to demo trade with it for at least a period of two months to see how it works in reality. After demo trading with it for two months, live trade with it using a mini or a micro account to check how it behaves under the live market conditions. After three months, you should be all set to start your million dollar challenge. Just start with $2K and slowly and steadily take it to a million dollar. Good Luck!
Tags: 2000 to 1000000, how to turn 1000 into 2000, How to turn $2000 into $1 000 000 trading forex, how to turn $2000 into, How to turn $2 000 into $ 200 000 00, how to turn $1000 into a million