The problem is, this goal has an automatic Risk of Ruin guaranteed to blow out the account before you ever reach it, due to the risks you have to take to double each month. This is neither a goal nor trading. It is a complete non-understanding of Risk-Adjusted Reward, will violate every intelligent rule of trading, and is something no serious trader would ever "wish you good luck" on. May as well play the $400 at the roulette wheel - you have a better chance.
Thanks for your candid "opinion" Trust me, I know how utterly impossible my $5M+ goal is... But I have too many important things that I want to achieve for people I love, as well as those in need. My reasons for wanting to succeed are more about other people than myself. I'm not trying to be snarky -- but I will have a great time proving you wrong. PS. My whole trading system is based on risk-minimization so the probability I get blown out is extremely low (almost non-existent) on any single trade
This is exactly why "educators" that trade SIM can charge $2,000 for a 6 hour course. hope....or should i say, complete ridiculousness.....sells i feel bad for these kids, but i just hope they learn something i would rather they took 500 to a casino and played poker
Anything is possible in FX trading, one can start with $1M hoping to make millions only to lose it all, another can come in with $100 and turn in into a milllion. Just keep that in mind that anything is achievable in this game, you can lose a fortune and you can make a fortune All the best
Speaking from experience, you should put TraderZones on ignore immediately. The old man will continue to spew garbage from here on. Good luck.
I respect everyone's opinions so long as they are said in a non-rude and courteous manner. I would say the same thing if I were in his shoes.... ...but then again, not everyone is meant or can be a great trader so it's only natural that traders of a lesser level will doubt others. The proof will be in my P&L not other traders' past trading failures.