Jun 13, 2021
Many traders and investors are looking for the "holy grail" strategy that will yield 100%+ monthly returns and will make them ultra rich overnight (which is totally unrealistic).
However, they miss the most important point: to become ultra rich, you don't need ultra high monthly returns. In fact, with a consistent 10% monthly return you can become ultra rich sooner than you thought.
Below is a calculation based on 10% monthly compound interest on your capital, when you start with as low as $10,000.
As you see, the key here is small but consistent monthly returns.
Most people spend 4 years in college racking up debts for tuition and then spend the rest of their lives repaying the debts while continuing to take new loans and mortgages.
Very few people do the maths which reveals that with 10 years of consistent action you can become a billionaire.
To do your own calculations with different interest rates, I recommend to use this compound interest calculator.
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Disclaimer: The information on this site is just a very basic understanding of price action Forex trading and is for entertainment value only. How I trade is very different to what you may read here. The information on this site is not a recommendation to trade Forex as I do not know your level of trading experience or your financial situation. I am not a financial advisor, and I am not qualified to give financial advice. Trading Forex profitably is a skill that cannot be learned from reading the posts on this site, and I cannot be held responsible for any trades that you may take as a result of the information on this site. So if you are trading, you are trading at your own risk, so please trade responsibly, and do not trade with money you cannot afford to lose. For help and advice please contact me, or for more information about what I do check out my Forex Trading Course.