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Replies to #35691 on FOREX TRADERS
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daiello

04/20/09 12:26 PM

#35700 RE: Dzielak51 #35691

Well there are two ways to approach it.

Swing for the fences and get lucky, or lose it all.

I have switched over to the camp that says steady gains will get you there, Nettles can back me up there.

How hard is it to make say $5 on your $1000 account? Would it surprise you if someone said, you make .5% everyday for a year and you're account would be at $3500. The next year the $3500 is $12000, then $41000. Let's not forget the simplicity and overall reduce in stress.

I'm thinking of opening an IRA with a forex broker. Anything more than 5-10% a year, and I'll be golden 10-20 years down the road.

If $5 per $1000 sounds difficult, how about $1 per $1000. That's tiny, and if you can do that, on a daily basis, you can grab 28% a year. Talk about low risk.