Can A Forex Trader Really Make Millions?

Can A Forex Trader Really Make Millions ?

It’s understandable why some who trade Forex think a million dollars will come easy.

Marketing such as “Forex Trader Makes Millions” is used to lure wannabe currency traders into trading systems, trading signals, or some holy grail that an “Ex-Banker” has released in his $99 e-book.

You want the truth?

Can A Forex Trader Really Make Millions?

You want to know how can you make a a profit of $1 million dollars Trading Forex?

Don’t think you will ever do it with your $100 Forex trading account. Reaching one million dollars is something that will never happen.

That’s not to say you can’t make money trading Forex or even make a living trading FX. That is reachable.

But a million bucks?

There is one way to do it…..one way to even have a chance of day trading or swing trading Forex to riches.

That is to start with riches. Yes. Traders are under-capitalized. While there are no hard and fast statistics, the fact that FX brokers will let you open an account with peanuts and trade virtually any size, speaks to filling in a need.

Let’s see how a Forex trader can have a chance of making $1 million dollars and it all comes down to numbers. When you are done, make sure you download the free worksheet below.

Open a $100,000 live Forex trading account and make 1000% Profit

If you have a $100,000 Forex trading account, its only one tenth of a million dollars, right?

So really, if you can increase that trading account by 10 times, than you make $1 million dollars Forex profits. Yes, that’s a 1000% profit.

How long will that take?

That is a hard question to answer.

If you were to make $1 million dollars in profit in a year then you need to average more than 80% profit each month. We know that is not always possible because some months you will have trading loses. Then some months, you will be ahead.

But lets just say that on average if you were to make 10% profit per month, then you need 100 months to reach a total of 1000 % Forex trading profits…that’s 8.3 years.

This is a long time and takes a lot of hard work to make 1 million dollars.