can i retire in 5 years starting with 5,000$ ?

that's what i found while browsing in web:

Turn $5,000 into $1.5 Million
If you started out with just $5,000 and managed to make only 10% each month investing , you could end up with $1.5 Million in just 5 years

i have only 600$
so, i deposited them in my account at FXCM
my plan to turn them into 1000 by the end of this month
this is minimum to participate in a contest held each month
to win and get prize money( 2,500$), i need to make about 500-1000%(just checked last and current month winners)

hopefully in july with now 10,000$ i move to the stage 2 targeting
10% eacn month(that should be easy)

P.s which trade do you think should i enter,to get quick $

 

buy the mexican peso

 

they don't have it

 

what currencies do you have.

 

majors and their crosses

 

I dont' think you will have %1.5 million in 5 years if you start with 5,000. and earn 10% a month. 10% of 5,000 is only 500.00 a month. Do you mean 10% a day? Trying to make 10% return daily on a 5,000. investment is not possible. You can't win every single day.

 

Sure it's possible, but could it happen? I dout it...

There is one thing that might stop you...VARIABLES!

-Kastro

 

here's basic math for you
5,000 +10%=5500
5,500+10%=6,050
... after one year $15,692.14
...........two $49,248.66
...........3 $154,563.40
...........4 $485,086.17
...........5 $1,522,408.20

 

who?

 

Who? The person who attempts this based on a math equation.

Funny enough, the master of variables (Math) is so prone to inaccuracy, it creates a false sense of hope.

Give it a try, let me know if it works out for you.
-Kastro