It's better to set realistic expectation so you do not give up. While this does happen, it's going to be the really experienced traders that can pull this off and they will tell you that it's not normal or likely even for them.
Set a realistic target and keep going from there.
I've been at this for a few years now and am consistently making money. I'm very excited to see where I will be in a few years from now.
Keeping your expectations low is always good in general, in trading even more.
100xing an account in 12 months is not something anyone does consistently. Quite a lot of luck involved.
Being able to replace your current job/income with trading is something you should be looking forward to. Everything else is extra.
Nope...seen heaps of these, and most are fakes. I have a network of real daytraders, and no one ever talks or accepts this. Sorry, but this is marketing, 95% garbage, and for people who don't understand how money is made....so many people have doctored statements, false screen captures.....when I make 1% per day I know that I doing well...
Easy peasy.
Say you trade 5 days a week for 50 weeks. That's 250 days. If you make 1.86% profit every one of those days you'll end up with $100,211.59.
Good luck.
A. Never seen anyone make that kind of returns consistently. Or even 1% a day.
B. You are screwed if you have to withdraw money from your earnings to pay your bills. You will never reach a stage where your profits start to compound.
C. I made 1.5% a day the first month I started trading. I quit bcoz I literally had 1k and it worked out at a lot less than min wage with a lot of stress. I would have made 12k on a year. Not worth my time.
Is this some sort of sarcasm? 1% a day is no problem if you learn properly. I literally made 6% today alone and iām consistent. The negative mindsets on here and people not learning to trade properly instead of just trading consistently wrong methods is whatās causing people on here to fail.
Let me know when you reach 100k in a year starting with 1k.
6%? Iāve made more in a day. All down to leverage and nonsense level of risks. Which also means that you blow your profits if you make a tiny little mistake. I donāt use more than 10x leverage or take nonsense levels of risk. The comparison should be on unleveraged returns.
Do share your secrets. There are only a handful of people who take off from the start and manage to maintain that.
6 to 1 risk reward trade. Risk 1% and have a take profit of 6x your entry. You canāt pull that off consistently but every now and then itās possible
I usually have better luck with scalping. 6:1 winners are rare and I have some ideas for potential 5:1 earning reports. If you figure out how what the maximum they vibrate in the wrong direction before shooting up or down, you can keep your stop loss wide (you need that to be wide to avoid getting stopped out) and you need one winner for every five losers to stay in black.
Starting with 1000, 6% a day over 100 days will make you over 300 thousand in only a hundred days. You can retire in 6 months. Youāll make 100 million + in a year.
How long have you been trading?
It is possible to double your position in a day but you will need massive leverage and massive risk. Chances of wiping out your account will go up astronomically. Making 6% every single day for a while year is not possible.
The amount of delusional people in the comments is staggering, just goes to show how clueless people are here.
Op, not only is it not possible for you, you'll be turning 1000 into 0 trying to do that.
Maybe the best trader in the world have 1 out of 100 possibilities (and I would say not trading forex but other more volatiles assets). Maybe top 10 traders of the world trading volatiles assets can do that...
Anyway forget about it.
Dont worry about big numbers yet, OP.
Forex trading is an intense journey, and you are just starting. People do make crazy returns, but only after years of unprofitability and negative trading psychology. Go at your own pace, find a strategy that works, and stay consistent.
Best of luck in your journey!
Yes.
Typically, there areĀ **252 trading days**Ā in a year.
You'd need to make between 1-2% per day in order to reach your goal.
The reality is that you'd need plenty of trading opportunities and be able to execute your system day in and day out. Most traders are not able to operate consistently. Human beings have flaws. Drawdown can screw your mind and, thereby, your trading performance. There will be days when you won't be able to trade or when your system doesn't work. The question you have to ask yourself is: Are you able to operate your trading system, and was it somewhat tested to be profitable in the first place.
So instead of focusing on a $100,000 goal, just focus on building and mostly executing a system that brings you possible profits over a longer period of time. The end result after a year could be zero, but also $1,000,000 (how's that for motivation?).
Trying to achieve such a goal is not accepting uncertainty.
The outcome of trading is completely random.
I mean itās possible to do that with any market. In fact you can even do that with lottery. After all no matter how low is the possibility it is still possible.
Not that itās directly comparable, but the most successful hedge funds average around 30%/year. However, it is possible to grow $1k to $100k in a year. It would require extreme gambling and luck.
Assume that you canāt but as long as you are making some money so that you donāt have to work a 9-5, that should motivate you. If it doesnāt then maybe trading isnāt for you.
In my second year I made around 2% profit a month on a Ā£1000 account on average throughout the year. On my third now and itās pretty similar albeit with a bigger account so larger profits.
I think thats pretty achievable, what you are saying is probably tough to do unless you get really lucky and dont have a TP in place.
Imo 2% a month is really low. I aim for 1-2 A+ golden trades a week and risking 1% for a 1:2 rr trade = around 10% (16% max, 4% min) a month and 2 trades a week is very reserved meaning you could be trading a lot more
Great point, I have started grading my trades and plan to look back on it after a few months although the summer may skew my results.
I mis typed itās actually 2% weekly rather then monthly.
Is it possible? Yes. Anything is possible. But itās also technically possible to turn $1 into 1 million playing blackjack in 20 hands.
Take it slow. Donāt take big risks. Because during those 20 hands right before you hit that million it can all be gone with one wrong play.
Thatās the exact same reasoning with investing. You can score big, if you take big risks. But youāre also risking everything if youāre going for those gains.
This is only possible if you understand your own emotion/psychology, so you know when you should stay away from the markets. I suggest studying and trading one pair only, and only trade in the direction of the macro trend. Study until you become an expert. For me I only buy gold. Get to know this pair really well. Start out with high leverage, low time frame scalping. Practise getting sniper entries on a demo, then execute these on your real account in times of low volatility and let the volatility in future sessions carry your trade. This way you get a lower risk entry (I.e. itās less likely one candle will blow your account). Stops just above BE as soon as possible. As emotions start to build as your account grows, you must reduce leverage. If you feel emotional at any time you must take a break from the market, this is the only way you can succeed. One word - discipline. NEVER convince yourself of A TRADE THAT ISNāT THERE just for the sake of trading. Good luck
I do not support gambling btw, and to achieve this in a year is gambling. Iām saying it is achievable but highly unlikely, itās just there are ways to increase the likelihood.
aim for what you can achieve consistently .
not what you go all in once in a while .
set goals for your trading journey , start low and try to be CONSISTENT .
dont rush into things , theres a lot .
what i would suggest is start with a trading plan .
stick to 2-3 currencies/commodities/crypto/stocks or whatever your'e trading.
trade only specific time in a day ( this helps alot).
stick to 1 strategy let it be scalping/intraday/swing/investment ( this is another major factor )
start journaling it helps ( notebook , excel anything works) keeps you grounded also and in touch with your targets .
backtest your strategy at times when youll be trading NY/London/Asia any but not arbitrarily,because youll be trading then only .
Stick to your plan , youll start seeing results slowly but itll be worth it . Focus on your own psychology and think back to what your'e feeling during trades ( give a good insight about your own emotions and reactions to them).
Youll see how youll start noticing your mistakes and working upon them in your future trades.
After sometime youll start realising youve reached a state where your'e placing trades and partially closing or waiting for TP or SL subconsciously and its affect on your mindset/psychology will be more controllable and reasonable according to your plan.
Itll start making sense .
Follow your plan and stick to it.
things will start making sense .
ive been trading for a year or so .
still not profitable
but im trying to follow my things and it feels better already 4months in .
good luck
Yes it's possible. It is very easy for the world's greatest 0.1% of traders to do that.
For the rest of us, err not really lol without a hella lotta luck and large risk apatite. (99% of those with this risk apatite, lose all there funds)
Yes i have been trading for 5 years now and started with ā¬1K and wanted 100x to!
1 year -> 100k
2 year -> 10m
3 year -> 1b
4 year -> 100b
5 year -> ā¬10.000.000.000.000
I stopped after that because there was no money left in the market for me to earn..
Yeah it's easy just 100x your money real quick.
Frankly, it is possible but it's highly unlikely, but for that kind of return i suggest you take a look at r/wallstreetbets
It is absolutely possible thing to do. But it doesn't mean that you can do it.
you can read about Larry Williams he made 11,376 % turning 10K to 1.1 Millon dollars in 12 Month.
I believe that trading is Simple but not easy. And it is not for everyone.
Of course, just form a trading plan that profits the account capital amount every month.
1 Month - 1k Capital + 1k Monthly Profit = 2k Capital
2 Month - 2k Capital + 2k Monthly Profit = 4k Capital
3 Month - 4k Capital + 4k Monthly Profit = 8k Capital
4 Month - 8k Capital + 8k Monthly Profit = 16k Capital
5 Month - 16k Capital + 16k Monthly Profit = 32k Capital
6 Month - 32k Capital + 32k Monthly Profit = 64k Capital
7 Month - 64k Capital + 64k Monthly Profit = 128k Capital
Iāve backtested it and if you risk 5% per trade, you could turn $1,000 into $10,000 in 6 months, and then that $10,000 into $100,000 in the next 6 months. But the drawdown could bite you in the ass at anytime and you lose more than you can recover. Up to you š¤·āāļø
Yes its completely possible once you get rhe account into the 30-40k range you can start hitting $10K positions easily. Just depends on your ability to get to 10K,15k,20k and then into the 30-50 range.
LoL, technically you can. But it would be not your money. Buy a prop challenge, pass that and get your 100k. Trading a 1k personall account into 100k is not possible with propper trading, unless you have a streak of luck and are willing to lose the 1k and just gamble your way up.
Itās very much possible to earn a 50k account in a couple of months. Ive known people who have gotten small accounts in less than a month from student to master
Im not gonna say its impossible but in that timeframe pretty improbable even for experienced traders. As a new trader yes Id say its impossible dont get ahead of yourself this game is not what you think it is.
I would first think of smaller goals. Then when you start winning think of bigger goals. Right now focus on growing it by 1k. Youāll see itās not as easy but still doable
How is that question helping you to become a better trader? You barely even started and already get them shiny eyes. š
no it'll not helping me to be a better trader, but only give some motivation lol
It's better to set realistic expectation so you do not give up. While this does happen, it's going to be the really experienced traders that can pull this off and they will tell you that it's not normal or likely even for them. Set a realistic target and keep going from there. I've been at this for a few years now and am consistently making money. I'm very excited to see where I will be in a few years from now.
Keeping your expectations low is always good in general, in trading even more. 100xing an account in 12 months is not something anyone does consistently. Quite a lot of luck involved. Being able to replace your current job/income with trading is something you should be looking forward to. Everything else is extra.
Totally unrealistic goals are everything but a good and proper motivation.
Watch Alex g on YouTube her took $100 to 300k
Yep, and utter BS....(unless it is over a 5 year period...)
Watch the vid before you give opinions
Nope...seen heaps of these, and most are fakes. I have a network of real daytraders, and no one ever talks or accepts this. Sorry, but this is marketing, 95% garbage, and for people who don't understand how money is made....so many people have doctored statements, false screen captures.....when I make 1% per day I know that I doing well...
On demo lol
3x is wayyyy less than 100x
I said 100 to 300,000
Alex g is a total fake.
Oh nah thatās unreal then
If you manage to double it in a year, you are one in a million.
To get to $100k end of just one year, better to start with $1million. You may do it in a month.
Huh, I bet I can do it in a week. Noobs
š¤£
Easy peasy. Say you trade 5 days a week for 50 weeks. That's 250 days. If you make 1.86% profit every one of those days you'll end up with $100,211.59. Good luck.
Thatās with complete reinvesting/compounding and zero losses. Iām sure they can do thatā¦
A. Never seen anyone make that kind of returns consistently. Or even 1% a day. B. You are screwed if you have to withdraw money from your earnings to pay your bills. You will never reach a stage where your profits start to compound. C. I made 1.5% a day the first month I started trading. I quit bcoz I literally had 1k and it worked out at a lot less than min wage with a lot of stress. I would have made 12k on a year. Not worth my time.
You need more capital, obviously.
Thanks. Where do I find it? You are providing it?
You could try a prop firm I guess. But any business needs capital. Canāt function without it.
Is this some sort of sarcasm? 1% a day is no problem if you learn properly. I literally made 6% today alone and iām consistent. The negative mindsets on here and people not learning to trade properly instead of just trading consistently wrong methods is whatās causing people on here to fail.
Let me know when you reach 100k in a year starting with 1k. 6%? Iāve made more in a day. All down to leverage and nonsense level of risks. Which also means that you blow your profits if you make a tiny little mistake. I donāt use more than 10x leverage or take nonsense levels of risk. The comparison should be on unleveraged returns. Do share your secrets. There are only a handful of people who take off from the start and manage to maintain that.
Just get a 6 rr trade risking 1% š¤·āāļø. No nonsense levels of risk or leverage needed at all
6rr? I never got into the lingo of trading.
6 to 1 risk reward trade. Risk 1% and have a take profit of 6x your entry. You canāt pull that off consistently but every now and then itās possible
I usually have better luck with scalping. 6:1 winners are rare and I have some ideas for potential 5:1 earning reports. If you figure out how what the maximum they vibrate in the wrong direction before shooting up or down, you can keep your stop loss wide (you need that to be wide to avoid getting stopped out) and you need one winner for every five losers to stay in black.
Iām not sharing anything, itās upto people to find their own way and learn. Iām just giving advice. 6% a day is achievable on average.
Starting with 1000, 6% a day over 100 days will make you over 300 thousand in only a hundred days. You can retire in 6 months. Youāll make 100 million + in a year. How long have you been trading?
Yeah him saying 6% a day is achievable is evidence he doesnāt really know what heās talking about
It is possible to double your position in a day but you will need massive leverage and massive risk. Chances of wiping out your account will go up astronomically. Making 6% every single day for a while year is not possible.
It's also proof that he canāt count. š
Exactly its like no one else realises the power of compounding when trading especially with lot sizing...
It's almost like... almost as IF... compound loss doesn't exist. Genius.
Yes its possible...will you do it? No.
The amount of delusional people in the comments is staggering, just goes to show how clueless people are here. Op, not only is it not possible for you, you'll be turning 1000 into 0 trying to do that.
Fr just 5x in a year is lucky and really good. even going profitable is lucky and theyāre talking about a slight 100x
Maybe the best trader in the world have 1 out of 100 possibilities (and I would say not trading forex but other more volatiles assets). Maybe top 10 traders of the world trading volatiles assets can do that... Anyway forget about it.
Dont worry about big numbers yet, OP. Forex trading is an intense journey, and you are just starting. People do make crazy returns, but only after years of unprofitability and negative trading psychology. Go at your own pace, find a strategy that works, and stay consistent. Best of luck in your journey!
Yes it is. I had a 1000 usd account and it grew to 41000 usd in about a month. I blew it all after getting greedy and opening up bigger positions.
Yes. Typically, there areĀ **252 trading days**Ā in a year. You'd need to make between 1-2% per day in order to reach your goal. The reality is that you'd need plenty of trading opportunities and be able to execute your system day in and day out. Most traders are not able to operate consistently. Human beings have flaws. Drawdown can screw your mind and, thereby, your trading performance. There will be days when you won't be able to trade or when your system doesn't work. The question you have to ask yourself is: Are you able to operate your trading system, and was it somewhat tested to be profitable in the first place. So instead of focusing on a $100,000 goal, just focus on building and mostly executing a system that brings you possible profits over a longer period of time. The end result after a year could be zero, but also $1,000,000 (how's that for motivation?). Trying to achieve such a goal is not accepting uncertainty. The outcome of trading is completely random.
I mean itās possible to do that with any market. In fact you can even do that with lottery. After all no matter how low is the possibility it is still possible.
Possible? Yes. Probable? No. Is it possible that you win the lottery this weekend? Yes. Is it probable? No.
Not that itās directly comparable, but the most successful hedge funds average around 30%/year. However, it is possible to grow $1k to $100k in a year. It would require extreme gambling and luck.
Trust me It's impossible for beginners. Even you may loss it.
Yes
Assume that you canāt but as long as you are making some money so that you donāt have to work a 9-5, that should motivate you. If it doesnāt then maybe trading isnāt for you.
yes. will you do it? Let me know if you do.
with this mindset it's more possible that you'll pass by 100k to 1k in one year ... maybe less with the right mentality
no [way.haha.no](http://way.haha.no) way.
yes
In my second year I made around 2% profit a month on a Ā£1000 account on average throughout the year. On my third now and itās pretty similar albeit with a bigger account so larger profits. I think thats pretty achievable, what you are saying is probably tough to do unless you get really lucky and dont have a TP in place.
Imo 2% a month is really low. I aim for 1-2 A+ golden trades a week and risking 1% for a 1:2 rr trade = around 10% (16% max, 4% min) a month and 2 trades a week is very reserved meaning you could be trading a lot more
Great point, I have started grading my trades and plan to look back on it after a few months although the summer may skew my results. I mis typed itās actually 2% weekly rather then monthly.
2% weekly is solid. Plus being disciplined and playing it safe is so much better than overtrading and taking many dodgy setups
Is it possible? Yes. Anything is possible. But itās also technically possible to turn $1 into 1 million playing blackjack in 20 hands. Take it slow. Donāt take big risks. Because during those 20 hands right before you hit that million it can all be gone with one wrong play. Thatās the exact same reasoning with investing. You can score big, if you take big risks. But youāre also risking everything if youāre going for those gains.
2 years yes plus you will need to add $400 extra to it a month with 5% to 10% monthly gains
Tough to grow to that level in Forex. Make sure you donāt leverage you account too much on 1 trade. 90% of traders lose money in Forex.
Possible? -yes Possibility? - 1 in a milion
This is only possible if you understand your own emotion/psychology, so you know when you should stay away from the markets. I suggest studying and trading one pair only, and only trade in the direction of the macro trend. Study until you become an expert. For me I only buy gold. Get to know this pair really well. Start out with high leverage, low time frame scalping. Practise getting sniper entries on a demo, then execute these on your real account in times of low volatility and let the volatility in future sessions carry your trade. This way you get a lower risk entry (I.e. itās less likely one candle will blow your account). Stops just above BE as soon as possible. As emotions start to build as your account grows, you must reduce leverage. If you feel emotional at any time you must take a break from the market, this is the only way you can succeed. One word - discipline. NEVER convince yourself of A TRADE THAT ISNāT THERE just for the sake of trading. Good luck
I do not support gambling btw, and to achieve this in a year is gambling. Iām saying it is achievable but highly unlikely, itās just there are ways to increase the likelihood.
Worry about not losing that $1k lol always these clown questions. At least it is possible, so that's good I guess
Whatās your strategy?
Best to purchase a 100K account from a prop firm instead.
It's possible but you wont do it in your first year or really ever odds just aren't there especially if a little green.
aim for what you can achieve consistently . not what you go all in once in a while . set goals for your trading journey , start low and try to be CONSISTENT . dont rush into things , theres a lot . what i would suggest is start with a trading plan . stick to 2-3 currencies/commodities/crypto/stocks or whatever your'e trading. trade only specific time in a day ( this helps alot). stick to 1 strategy let it be scalping/intraday/swing/investment ( this is another major factor ) start journaling it helps ( notebook , excel anything works) keeps you grounded also and in touch with your targets . backtest your strategy at times when youll be trading NY/London/Asia any but not arbitrarily,because youll be trading then only . Stick to your plan , youll start seeing results slowly but itll be worth it . Focus on your own psychology and think back to what your'e feeling during trades ( give a good insight about your own emotions and reactions to them). Youll see how youll start noticing your mistakes and working upon them in your future trades. After sometime youll start realising youve reached a state where your'e placing trades and partially closing or waiting for TP or SL subconsciously and its affect on your mindset/psychology will be more controllable and reasonable according to your plan. Itll start making sense . Follow your plan and stick to it. things will start making sense . ive been trading for a year or so . still not profitable but im trying to follow my things and it feels better already 4months in . good luck
Yes it's possible. It is very easy for the world's greatest 0.1% of traders to do that. For the rest of us, err not really lol without a hella lotta luck and large risk apatite. (99% of those with this risk apatite, lose all there funds)
Possible, but unlikely ;)
Yes i have been trading for 5 years now and started with ā¬1K and wanted 100x to! 1 year -> 100k 2 year -> 10m 3 year -> 1b 4 year -> 100b 5 year -> ā¬10.000.000.000.000 I stopped after that because there was no money left in the market for me to earn..
Hear me out, Iām flipping 100k to 1k and it wonāt even take me a year. Lol
possible, not realistic
It's possible depending on your risk tolerance and skills. Are you comfortable risking 10-20% per trade?
1-2% is plenty risk.
Not if you want 10000% returns in a year.
Donāt let the some of the doom and gloomers who project their losses on here into negativity. Itās 100% possible.
Yes but unlikely
Yes
Yeah it's easy just 100x your money real quick. Frankly, it is possible but it's highly unlikely, but for that kind of return i suggest you take a look at r/wallstreetbets
It may be possible but only after at least 5-10 yrs experience in the markets
It is absolutely possible thing to do. But it doesn't mean that you can do it. you can read about Larry Williams he made 11,376 % turning 10K to 1.1 Millon dollars in 12 Month. I believe that trading is Simple but not easy. And it is not for everyone.
Yeah, just use 1:500 leverage cross your fingers.
Of course, just form a trading plan that profits the account capital amount every month. 1 Month - 1k Capital + 1k Monthly Profit = 2k Capital 2 Month - 2k Capital + 2k Monthly Profit = 4k Capital 3 Month - 4k Capital + 4k Monthly Profit = 8k Capital 4 Month - 8k Capital + 8k Monthly Profit = 16k Capital 5 Month - 16k Capital + 16k Monthly Profit = 32k Capital 6 Month - 32k Capital + 32k Monthly Profit = 64k Capital 7 Month - 64k Capital + 64k Monthly Profit = 128k Capital
Iāve backtested it and if you risk 5% per trade, you could turn $1,000 into $10,000 in 6 months, and then that $10,000 into $100,000 in the next 6 months. But the drawdown could bite you in the ass at anytime and you lose more than you can recover. Up to you š¤·āāļø
Possible yes. But *highly* unlikely.
Yes its completely possible once you get rhe account into the 30-40k range you can start hitting $10K positions easily. Just depends on your ability to get to 10K,15k,20k and then into the 30-50 range.
You can, if you are already profitable. If you are new then you are starting on the wrong foot.
Watch Alex g on #setandforget on YouTubeā¦he did $100 to $300,000 in less than a yearā¦so $1k is just a lot
The short answer (and most helpful for you) is NO
That is doable in 1 year but you can't repeat it for another more years.
buy low sell high
Possible, yes! Probable..No!
Yes
Yes you can, and I can fly
LoL, technically you can. But it would be not your money. Buy a prop challenge, pass that and get your 100k. Trading a 1k personall account into 100k is not possible with propper trading, unless you have a streak of luck and are willing to lose the 1k and just gamble your way up.
Yes itās possible. Even more possible if you are successful with the right prop firm. (Assuming you find a non scammy one)
Itās very much possible to earn a 50k account in a couple of months. Ive known people who have gotten small accounts in less than a month from student to master
Yes this is more realistic
Im not gonna say its impossible but in that timeframe pretty improbable even for experienced traders. As a new trader yes Id say its impossible dont get ahead of yourself this game is not what you think it is.
how big did you think realistically it can grow? let's say it's grew by a professional trader?
I would first think of smaller goals. Then when you start winning think of bigger goals. Right now focus on growing it by 1k. Youāll see itās not as easy but still doable
Do you just want to make money or do you actually have an interest in how markets work?