Feshizzy: Let me just use MFF Is a sample of power of prop firm, I am not their promoter as it stands i dey one leg in one leg out till they fix their issue, So how can you be a millionaire with 50k naira within 2 years?
Well, you have to be a very very skilled and profitable trader for this to work. Like very skilled, super skilled.
So with 50k or less you buy evaluation 10k usd of 85usd The pass metric would be 5% weekly, So in 3 weeks you should have passed phase 1 and 2 or at most a month. And then on your live you set 2% monthly.
Now the journey.
January Bought 10k with 84usd
February Received 10k live account
March First payout + refund = 200usd + 84usd = 284$ Buy 20k with 139$ - 284 = 145$ Initial capital recovered.
April 10k payout 200$ 20k live received
May 10k payout 200$ 20k first payout and refund 400$ + 139$ = 539$$ Total profit brought down 200 + 200 + 539 = 939$ Buy 200k acc with 979$ Merge 10k+20k acc = 30k
June 30k payout = 600$ 200k live received
July 30k payout = 600$ 200k first payout + refund = 4,000$ + 979 = 4,979 Total profit brought down 600 + 600 + 4,979 = 6,179 Buy 200k, buy 100k, 50k, buy 20k = 1,916 MFF total allocation maxed out
August 30k payout = 600 200k payout = 4,000 200k, 100k, 50k, 20k live account received
September 30k payout = 600 200k payout = 4,000 200k, 100k 50k, 20k first payout + refund = 7,400 +1,916 = 8,316 Total profit = 18,516 Send to private trading account
October 30k payout = 600 200k payout = 4,000 200k, 100k, 50k, 20k payout = 7,400 Merge 30k,100k,50,20k = 200k
November 200k payout = 4,000 x 3 = 12,000$
From October, an estimate of 12k monthly has been achieved! In a year that's 12k x 12 = 144,000$ profit est 82 million naira.
Without calculating profit from your personal account.
That's just by keeping consistent with 2% on a live account with a starting less than 50,000 naira account.
This is a really really rough estimate, But it is achievable.
So don't be disturbed if you don't win a contest, You can achieve more by using it as a platform to develop yourself.
The sky is your limit. Eye opening. Thanks |