In this post, i will be sharing a more detailed plan on achieving the million dollar mark through compounding.

Download the Excel sheet with the compounding formula from this link. (i use a macbook and converted it to excel for windows i hope it works) :
https://drive.google.com/file/d/1Oi14g2MoSYmO7kq0DZx3semhXlor4o86/view?usp=sharing (excel)
https://drive.google.com/file/d/1VT_IdpIJXuHdPiBaxhftyRRa8zZZlW51/view?usp=sharing (PDF)
https://drive.google.com/file/d/1DvtY7EhQvmDsg8k0wqqFTIfaek4zUpWM/view?usp=sharing (Pages for MacOS)

the attached excel sheet already has a formula..so you can input any capital (initital investment) and see how much you can make over any given period with compounding. on this post however, i will focus on the next 5 months leading to the end of the year with a 10,000 starting capital.

Proposed Initial investment: $10,000
Starting month: July 2019
Monthly Profit Target: 25% on principal
Compounding frequency: Monthly
Expected Profit by end of december 2019: $28,147 : 281%

in summary, i am looking to earn approximately 281% on my investment in 6 months. by making 25% monthly and re-investing the 25% profits back.

This is how financial institutions play. and after a financial year of making 400%, they give you 13%.

Waiting for results




If na projections and calculation we don seeam taya

dowjones:


i will let you know later. the ultimate goal is to gather investors like you to form a powerful force but i will lead by example by committing my funds, time and skills..

thats the best way to explain the vision.

i love what you doing bro.

I used to live in a cocoon. a little bubble surrounded by other traders and risk loving investors who wouldn't settle for any investment fetching below 100% returns annually. but i stumbled on a thread on the investment section. talking about treasury bills. and it dawned on me how risk averse Nigerians are.

Nigerians are actually OK making 11- 13% annually and are sincerely happy about that. a family member of mine did something with some insurance company to get 50% in 5 years with some other strict conditions attached to the "investment".

I find this amusing. the pure joy people get after receiving less than 13% on their capital in 12 months! in Nigeria, a country with one of the most unpredictable inflation rates in the world.

what people dont know is inflation would eat up whataver treasury bills give you. especially over the long term. i wont elaborate on this but its common sense. the average prices of items in nigeria has increased by over 200% within 4 years. compare that with anything treasury bills, bonds, stock market index etc. would return over this same period and see the bigger picture.

If you are not engaged in any business that:

1. takes advantage of the ever increasing population in nigeria
2. Takes advantage of Nigerians hyper-consumerism (eating more than they produce)
3. Earns foreign exchange (the upper class in nigeria earn in foreign exchange. foreign currency is the best hedge over inflation)
and..
4. Takes advantage of nigerias over-religiousness (many people still don't realize most religious houses were basically set up for profit)

If your stream(s) of income do not factor these and you are stuck on a salary and invest on a low interest investment. i am sorry for you.

obingo25:
i love what you doing bro.

thanks

maybachmusic:
Waiting for results




If na projections and calculation we don seeam taya

you are a CFD analyst. interesting

i have attached a link where you can monitor results. but i will update the results page monthly.

Donsheddy:
Sitting here patiently... Following bro,, I'm already working on something like this but with a smaller account, of 6 dollars, i increased it to 11 dollars today... I make 12 percent profit every day with ease I'm still learning thou

bro can I have your digits would love to ask you some questions

Tzadeola:
bro can I have your digits would love to ask you some questions

07010474035

dowjones:
Trading Results Updated at months end. for real time results click the link below

Verified Real time statement Link: http://www.myfxbook.com/members/rubionfunds/dowjones/3397790

Growth Summary


1. July
2. August
3. September
4. October
5. November
6. December


Notes:

Following.
You started July 3. 7% profit so far.

Dowjones, why did you remove your account on myfxbook?

Update plz!

Dow Jones, I really liked your post on forex brokers. It was quite informative. As for your million dollar plan, I believe your team should forget about the numbers involved and focus on getting 1/2 percent every day because on any day the team doesn't show up prepared for the market, the market will chew into the account. Anyway, if you need analysis on any fxpair for the team,i'll do it for free for you .I'm not looking to bait you into joining some paid signal group by offering my services free. I just believe we need more good people like you.

Dowjones, where are you?

Sapiosexuality:
Dowjones, where are you?

DowJones has fell into Davy Jones' Locker in search of a million Dollars

He has been blown off into the Antipodes.

Who starts targeting 25% a month from the get go?

dowjones:


more proof to show you this is a fun project. posts like yours weirdly are my motivation.

I planned to start with $10,000 this month. Paypal and the other debtor have delayed payment and that killed my morale of publishing, but i ha have dropped the link and the ball has been set rolling...

Note: this is not meant to be an everyday thread. i will update the progress of the account on a monthly basis. the rest of the content will be sharing insights with people who ask questions.

Nairaland has changed. the audience here have a preference for very summarized, shallow content...and i dont want to waste my time typing lengthy content that might be misinterpreted etc. hence the group that will be created in the future. but i am in no rush for that.

Can I learn from you bro

staga:
He has been blown off into the Antipodes.

Who starts targeting 25% a month from the get go?

That's the problem. It is possible to achieve more than that in a month. The problem is if you are fixated on that goal, you will never get it, Same theory applies with beautiful ladies. Goal should be to focus on trading correctly for each day or week with appropriate risk management. If the focus is on the profit, at a point, you'll become scared of taking some trades because the setup isn't perfect whereas the best trades, according to Al Brooks, always look very confusing.

mhisterdreezy:

Can I learn from you bro

Trading is not something i'd encourage anybody to learn because it is an emotional rollercoaster. If you feel depressed at people's actions towards you for a long period of time then don't bother about trading till you sort out your emotional issues. If you are sure you have the mind of a total asshole who doesn't give two bleeps about anybody else, then use these books /sections of books in the order listed.

1.)Trading in the zone by Mark Douglas
2.) The section on support/resistance in Naked Forex by Alex Nekritin and Walter Peters
3.) Three Lines Forecasting Forex Price Action by Rana R (good book that will teach you the importance of knowing support n resistance levels)
3.) Currency trading for dummies by Mark Galant and Brian Dolan ( This will give you an overview on how the fx markets work n the different types of trade orders)
4.) Market Wizards: Interviews with Top Traders by Jack Schwager
4.) Japanese Candlestick Charting Techniques by Steve Nison.
5) Beyond Candlesticks by Steve Nison
6.) Trading Price Action Trends by Al Brooks
7.) Trading Price Action Trading Ranges by Al Brooks
8.) Trading Price Action Reversals by Al Brooks

You do not need to read everything in all the books. Know when to skim and when to go in depth. A demo acct will help you in identifying areas you need to work on and what you need to read more on.

If you need help knowing what to read in the books or if you have any trading questions, you can send me a dm, i'll reply you on a Saturday or Sunday. I don't trade for others neither do I have a forex training program to sell to you. SO don't dm me for such

Pls how can I get all these books? Any link? Thanks

OP? How far have you gone now?

valez19:
Pls how can I get all these books? Any link? Thanks

Search libgen.is - you'll get access to all the books I listed here for free