1. It is often quoted that fewer than 1% of traders can double their account in one year, that is, fewer than 1% of traders can realize a 100% or more return on their account in one year.
2. If you can make ONLY 10 pips a day every trading day you can turn your starting account of one full lot, a mere $1-3000 depending on your broker's leverage and cost for one full lot, into 1 million dollars in a year.
So if you are that exceptional trader, in the top 1%, you would be able to turn that $1-3000 into between $2-6000 IN ONE FULL YEAR.
However if you get those 10 pips a day you would by year's end have a thousandfold return in a year, making you seemingly the greatest trader of all time.
Supposedly Larry Williams, who won a trading competition where he increased his account 100-fold, has not had his record matched to date. 100-fold is not 1000-fold.
Why is 10 pips a day seemingly impossible to do? Or is it? It seems a modest enough goal.
Thoughts?
2. If you can make ONLY 10 pips a day every trading day you can turn your starting account of one full lot, a mere $1-3000 depending on your broker's leverage and cost for one full lot, into 1 million dollars in a year.
So if you are that exceptional trader, in the top 1%, you would be able to turn that $1-3000 into between $2-6000 IN ONE FULL YEAR.
However if you get those 10 pips a day you would by year's end have a thousandfold return in a year, making you seemingly the greatest trader of all time.
Supposedly Larry Williams, who won a trading competition where he increased his account 100-fold, has not had his record matched to date. 100-fold is not 1000-fold.
Why is 10 pips a day seemingly impossible to do? Or is it? It seems a modest enough goal.
Thoughts?
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$1k to $1000000 - rev ProdiG.zip
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