Tianamen1:


compound interest formula

A= p(R+100)^nt
where A equals final amount= 2.5 million
p = initial deposit ($100)
r= rate 5% = .05 +100= 1.05
n=number of times compounding (52 weeks in a year)
t= years (4)

use excel to confirm this.

The problem with this is that you cannot withdraw any money for the whole 4 years. also making 5% a week consistently on one strategy is also impossible.

Basically, your goal of $14 on $100 is equal to 14% per day (impossible). Even if you set out to make a modest 5% per week, which would make you a millionaire in 4 years, you probably will still not be able to achieve it.

Sus4:
Good evening everyone , i am not too good in trading. Gurus in the house Please I need your advice , someone is encouraging me to buy a robot (trading software) from him , pls is it safe and sustainable? Thanks the prompt response

Piptocoin:


Wow. If the person was making money with the EA (robot) would the person want to give it out? You have met a seller, not a trader. If the person says the robot makes money for him or her consistently then you have met a fraudster. Don't buy any robot. Robots (Expert Advisors) will make you lose more money than you make it.

Sus4:
Good evening everyone , i am not too good in trading. Gurus in the house Please I need your advice , someone is encouraging me to buy a robot (trading software) from him , pls is it safe and sustainable? Thanks the prompt response

Feshizzy:
Let me just make a very very darn revelation,

I once told someone i traded fx like 7 years ago
His reply was "na who don chop dey trade fx"
It didn't make sense until 2 years later that was 5 years ago,

Now let me break this down abit
If you don't have have a stable income or Atleast a decent or average living.
It would be difficult to really make it in fx.

I don't mean you must have a lavish lifestyle already,
I mean, a situation where you are no under pressure of money to eat, money for school, money for rent etc
If you have that issue it would be very hard to really make it in fx,

Looking at statistics on the backgrounds of those that really make it in fx the likes of people who are employed and are able to plan their life around their salaries.

I did a small research back then,
And i found out that a reasonable amount of people that make it in fx are mostly 1. retired people 2. Housewives 3. Gainfully Employed people

You hardly hear a rags to riches story in fx not that it is not happening but e hard.

In summary,
If you still be hand to mouth hustler, spend longer time in perfecting your demo trade,
Keep doing so till you are profitable and open a fresh demo account and trade it for one year,
It would help shape your psychology deeply.

No be say you demo trade for 2 weeks,
You see small money, next thing you wan open small 100 usd small make you use am try hand. Lol
You go fail.

Las las, forex na investment not gambling,
If you intend to stay long, you have to play your cards right.

GabsonFX:
I'm getting very crazy with FX, I know......I want to reduce my craziness

118 trades in just 4 days, craze of highest order

GabsonFX:
I'm getting very crazy with FX, I know......I want to reduce my craziness

118 trades in just 4 days, craze of highest order

charly20:



I'm only thinking how those lot sizes produced such little rewards or I'm missing something

CopyJoe:


USOIL

The lotsize calculation is different from that of currency pairs.

Qoyman:




How did you know robot wilt make you lose more money,i guess from the internet.

charly20:



Aha... That one, I thought so. I checked through currency pairs and I couldn't find any results that made sense.

I for say

CopyJoe:


That's what I think.

Gabsonfx can help clarify.

CopyJoe:


USOIL

The lotsize calculation is different from that of currency pairs.

GabsonFX:
I'm getting very crazy with FX, I know......I want to reduce my craziness

118 trades in just 4 days, craze of highest order

abham:
I’m bearish on this pair. Monthly to H4 are bearish and have broken through a psychological swing low/ support.
H1 might give a Retracement and M15 for entry.
I may be wrong, I may be right but it’s best to wait for market to open on Monday since it’s a new month and new week.

abham:
On the D1 TF, price range is in discount level and we are looking out for a pull back to 50% of the range.

Any buy trade taken now is a counter trend trade, though I have an open buy trade from last week.

Entry: 0.69898, SL: 0.69745, TP: 0.70357 R:R; 1:3.

Let’s see what the market offers, fingers crossed.

DannyFX2638:
Guy whether you like it or not .. this thing cannot work .. channel your energy to something else .. btw how long have you been trading??

GreatestManEver:
dope bro,goodluck with that, I don’t really trade on Monday’s tho

haryodehjia:


How can you say that? See if you see impossibility does not mean others are not seeing possibilities.. I'm only against him having a certain profit($14)..

I knw someone who started with $50 and now it is 400% in growth and he termed it retirement account..

MONEY247:
Looking to short audusd.....
Good morning....guys

Piptocoin:


Wow. If the person was making money with the EA (robot) would the person want to give it out? You have met a seller, not a trader. If the person says the robot makes money for him or her consistently then you have met a fraudster. Don't buy any robot. Robots (Expert Advisors) will make you lose more money than you make it.

Donsheddy:


bring that money make we use chop bolle abeg