$10k profit on a $1k account – is it possible in the Forex Market?

$10k profit on a $1k account – is it possible in the Forex Market?

Okay, so here’s the question for you. Do you think it’s possible to make $10,000 profit with a $1,000 trading account in the Forex Market? So, do you think it’s possible to turn $1,000 into $10,000 by trading the forex? In instance, what I’m asking you is. Do you think it’s possible to become a full-time professional trader with a low start off base, looks like a thousand dollars or even five hundred dollars? Quite frankly, this is one of those common questions I get asked all the time with people considering a career in the forex market.

And quite frankly, I think there’s three schools of thought to this. You’re the first sort of thought that says yes you can. It’s normally from the educators and the gurus out there. They say give me $2,000. Come and join me on my trading course. I’ll teach you to become a full-time professional trader. You can give up your job. Buy the Lamborghini, buy the yacht, and you’re all sorted. We know that’s not gonna happen. Now, the second school of thought are those that say, no it’s not possible. We all know the statistics, 95% of all retail traders fail in the forex market, so don’t bother in the first place. Now, then you’ve got the third school of though. And that’s exactly what I want to talk to you about to that. So come and join me! Well, yes it’s possible. But it all depends of course on the risk that you’re going to be taking. Now sure, you may get lucky one month but I would say it’s extremely unlikely, if not impossible to achieve that type of return, month after month.

And also think it’s fair to say it’s the most common reason why so many fail in the forex market is because they’re shooting for these types of returns in order to get these unrealistic goals. But now I want you to think outside of the box. Set yourself aside from all those failed traders that are blowing five hundred and thousand dollar trading accounts while shooting for these huge gains. Think for a moment of the hedge fund manager. Now they would give their right arm for gains of 20 or 25 percent. Clearly, that’s a huge return on investment. Assuming of course they’re not taking risks of 50 percent or hundreds hint to achieve those gains that would be absolutely ludicrous. Just check out Google. Type in last year’s best performing hedge fund manager and you’ll see a table they have the best performers. 20% will be at the top, if not, pretty near. Okay, so now ask yourself a question.

Do you think you’ve got to be able to achieve 1% or 2% a month with a similar risk? What a realistic target. Now that sounds very achievable thing 1% 2% a month. 1% a month equates to 12 an hour percent over the course of the year if you compound of that up. 2% a month would be 25% over the course of the year. So let’s assume now that you can match the top hedge fund traders. In able to get a return on your training account of say 20 percent from consistently consistent monthly gains. That’s less than 2% a month.

Remember when we’re talking about percentage gains, we have to consider the risk that we’re taking. So on the $1,000 trading account, that would be a profit of 200 bucks. And I’m sure you’re not going to be able to live on that. You’ll basically take you 12 years to make you $10,000 if you’re making 20% every year. But listen up. If you can prove that you’re able to make consistent gains over a period of time in one year or two year. I can promise you, friends, families, financial institutions will be throwing money at you to invest for them. And believe me, raising capital is a lot easier than you may think. Okay, here’s a buzzword for you. M.A.M. It stands for “Multi Account Manager”. Basically is a trade copying service for companies such as ourselves. We’ll raise capital from other investors and your trades will be matched in those investors trading account. And you’ll basically take a performance fee of the profits achieved So, let’s assume you’ve got 20 investors. Each with $100,000. That’s a two million dollar fund. Now let’s assume you can make 20% return on capital which is basically $400,000.

You’re taking a 30% performance fee. That’s a hundred and twenty grand! *inaudible* going a month right there. And believe me, with a solid track record and proof that you can return consistent monthly gains to the risk taken. You could be on your way to a very lucrative trading career. Quite frankly, it Is the only way this business to make a substantial living starting off with a very small trading account. I hope now, you’re seeing the light. I hope that the lights got off you think “Hey yeah! This is something that I can do”.

So when you’ll starting with a $500 account or a $1000 account, don’t think you’re gonna be giving up your day job of that. Think long term, think what you’re gonna be doing in a year’s time. So every trade should be calculated risk controlled, control your motion, control your discipline, grow that I cannot over time we certainly would love to hear from you. If you think you’ve got what it takes, if you think you’re building up a nice track record in your trading. Drop us a comment below. Please leave comments. Let me know what you’re thinking where you coming from. Either way if you liked the video give me a thumbs up, if you don’t like the video give me a thumbs down. I’m a big boy, I can handle criticism.

Either way look forward to seeing you in the next video and good luck with your trading!.

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