Zero to $1 Million in 18 Months Trading Forex
What if I let you follow along, looking over my shoulder every step, and show you how to use forex trading to go from $0 to $1 million in 18 months? Sound like fun?
Is it possible, as a forex trader, to go from nothing – start from absolute scratch, zero funds – to being a millionaire in 18 months? That’s right, I said 18 months (or less – I vote for less, because I have no patience at all, really). IS that possible? Well, I think I can safely promise you this much – It should certainly be an interesting journey finding out.
Sure, this is probably insane, but I’m crazy enough to try it if you guys are interested in watching me try it.
I’ve laid the groundwork already: Starting from scratch, no cash at all, the first thing we have to do if we’re going to trade the currency markets is raise a trading stake. Well, I already did that part. How? By taking paid surveys online, every day for a month, making about a whopping one dollar a day for what often took several hours of work a day. It’s not a good way to make money, but if you have absolutely nothing, it IS a way to make money. So, I’ve raised a starting stake of about $50. I would never recommend that anyone commence forex trading with anything less than at least $100, but since I’m being crazy here, I might as well be a bit reckless, too.
Okay, we’re going to make a million dollars (or more).
We’re going to do it in 18 months (or less).
And we’re going to start with virtually nothing ($50).
Now, HOW are we going to accomplish this? Well, obviously we’re going to be doing some serious day trading, because to achieve our goal, we’re going to need to multiply our trading capital quickly and consistently. Specifically, I plan to utilize a trading strategy that I have used profitably before, trading primarily on the 15-minute time frame. However, I’m sure that I’ll be mixing in hourly, 4-hour, and daily charts as well. And as we go along, of course I’ll share my basic trading strategy with you (for FREE!). If you need a strategy if you want to try to make a million also. you can also trade with the Winners Edge Trading Double Trend Trap to follow along. You can also pick up Winners Edge Trading Strike Momentum Indicator that helps to find market momentum before entering a trade.
There will probably be some gambling involved. Here and there, I’ll take a shot at top picking, bottom picking, and just taking the occasional blind flyer (“Why don’t we sell Usd/Nok today, just for fun?”). Trying to make a million dollars in 18 months necessarily means taking some risks. However, I will (hopefully) stick with the basic trading strategy I have in mind. Actually, I have two strategies in mind, but the second one is designed for trading the 4-hour time frame, and we’ll need to increase our trading stake a bit before we can move up to trading that time frame.
Now, how can you follow along the way? I thought I’d do something like link the account to MyFxbook.com, where you can see all the trades made in the account as they happen. If anyone has a better idea, please feel free to leave a comment and let me know – I’m open to suggestions. I’ll also report in right here, at least every week or two, on how things are going and what my current thinking is on how best to move forward.
I’m open to suggestions on trading strategies to use. If you have a great strategy that you believe will help us achieve our million dollar goal, please share it – I can’t guarantee that I’ll use it, but I will seriously consider any suggestion. I definitely want your input and help with this. I mean, this is basically a pretty crazy idea, so someone injecting some sanity into the project will likely be helpful.
So, do I really believe this is possible? Well, sure, it’s possible. My personal guess is that we’ll come up a bit short, but so what if we only make $500,000, or even just $100,000? – That’s still a pretty nice paycheck for 18 months of work, right? But for the moment, let’s just stick with our goal of at least millionaire status.
If we pull off this miracle, it will be by the grace of God. I believe wholeheartedly in the axiom quoted by Benjamin Franklin as he urged prayer upon the Continental Congress, noting, “They labor in vain that build a house, unless the Lord build it.” (Psalm 127, verse 1)
I sincerely hope with all my heart that we do succeed. I hope for success not just for my sake (I could use a quick million – pay a few bills), but for your sake, too, for all of you reading this and coming along on this journey with me. I want us all to succeed – to find a pathway that leads to financial salvation in this economy that’s crumbling beneath our feet, where jobs and job security are more and more difficult to come by. I believe that forex trading offers that financial salvation. It is, in my not-so-humble opinion, the last road to riches for the “regular guy” (or girl).
Okay, now I’m only going to attempt this if YOU are truly interested in it – so please take just a minute or two to comment below and let me know your thoughts on this. If it’s something that YOU are sincerely interested in watching and following, then I’m certainly willing to give it a try (as noted previously, I’m a little bit crazy). Sounds like fun to me, but what do you think? I’ll wait for your comments, but in the meantime I’ll go ahead and be working on setting up the account and finalizing trading strategy. If I’m encouraged to proceed by your comments, then I’ll report back here in just a week or two with all the initial information you’ll need to follow along
Oh, one note in closing: This idea came out of a conversation I had with a fellow forex trader recently, so I want to give credit where credit’s due – Hi, Allison! J
Here is the next post in which I outline my million dollar strategy.
Insanely but respectfully yours,
Jack Maverick is a writer and forex trader. Find him on Google+ at https://plus.google.com/u/0/103534926809963693894/?rel=author
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