If you discipline yourself and your trading system work fine, you can turn $10 to $40000 in one year by simply targeting 5% of your total account balance per day. 5% of $10 is just $0.5 per day. If you do this consistently, you will make 25% of your total account balance at the end of week 1. Then 50% after week 2. Then 75% at the end of week 3. You will have $20 at the end of first month. Then repeat it again by targeting 5% of $20 per day for each day. At the end of the second month you will have $40. Repeat the process again by targeting 5% of $40. You will have $80 at the end of the third month. Fourth month will be $160. Fifth month will be $320. Sixth month will be $640. Seventh month will be $1280. Eight months you will have $2560. Ninth month you will have $5120. At the end of tenth month, you will have $10240. By the end of eleventh month, you will have $20480. By the end of year 1, you will have $40960.
The question is why are binary or forex traders not making it by following this simple rule?
The answer is because all traders are gullible. 5% a day is very easy to achieve. If you follow this system I just designed for you with $50, you will be a millionaire by this time next year.
Go and implement it if you can discipline yourself. Mathematics is very sweet because it is based on theory. Thanks for reading my steem post.
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