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

Discussion in 'Forex Trading' started by mr double, May 18, 2006.

1. ### mr double

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 \$

3. ### mr double

they don't have it

4. ### Johnny Walker

what currencies do you have.

5. ### mr double

majors and their crosses

6. ### goodfellow

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.

7. ### Kastro_316

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

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

-Kastro

8. ### mr double

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?

10. ### Kastro_316

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

#10     May 18, 2006
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