This article is a step-by-step guide on how to go from Zero to $1 million trading in 15 months. This is going to be a challenge but it can be done and we are going to show you how.
This is not a high-risk effort, in fact, we will always have a stop loss and always be focusing on risk management first. If we do not focus on risk there is no way we can accomplish this.
In order for us to accomplish this, we are going to need a trading plan that will help you go from zero to 1 million trading.
The plan will need to be simple and easy to follow. You will need the discipline to follow this plan.
In this article, we are going to outline the plan that we will need.
- You will need a Forex Broker
- You will need a trading strategy
- You will need money management that will grow an account rapidly.
- You should have a journal to keep track of your progress
Currency markets are to raise a trading stake. Well, I already did that part. How? ’ve laid the groundwork already: Starting from scratch, no cash at all, the first thing we have to do if we’re going to start trading is getting our $50 into a broker account.
By taking paid surveys online, every day for a month, making about a whopping one dollar a day for what often took several hours of work a day. It’s not a good way to make money, but if you have absolutely nothing, it IS a way to make money. So, I’ve raised a starting stake of about $50. I would never recommend that anyone commence forex trading with anything less than at least $50 to start it would be better to do it with $100 but $50 is the minimum that we would recommend.
Okay, we’re going to make a million dollars (or more).
We’re going to do it in 15 months (or less).
And we’re going to start with virtually nothing ($50).
Trading strategies are key
Now, HOW are we going to accomplish this? Well, obviously we’re going to be focused on entries and risk to achieve our goal, we’re going to need to multiply our trading capital quickly and consistently. Specifically, I plan to utilize a trading strategy that I have used profitably before, trading primarily on the 15-minute time frame.
One great thing to remember is to use support and resistance levels. This will help you stay out of bad trades and increase your winning percentage which is always important when going for account growth, especially if you ar trading to earn 1 million dollars trading.
Remember this is not financial advice and forex trading is risky, I assume you know that but we need to make sure 🙂
I recommend that you will start out with a basic strategy with a high win rate. The best way to get a strategy is to take a look at the best strategy to make a living article:
However, I’m sure that I’ll be mixing in hourly, 4-hour, and daily charts as well. And as we go along, of course, I’ll share my basic trading strategy with you (for FREE!).
The key to doing this will be discipline, discipline, and more discipline. Trying to make a million dollars in 15 months necessarily means taking some risks. However, I will stick with the basic trading strategy I have in mind. Actually, I have two strategies in mind, but the second one is designed for trading the 4-hour time frame, and we’ll need to increase our trading stake a bit before we can move up to trading that time frame.
So, do I really believe this is possible? Well, sure, it’s possible. My personal guess is that we’ll come up a bit short, but so what if we only make $500,000, or even just $100,000? – That’s still a pretty nice paycheck for 15 months of work, right? But for the moment, let’s just stick with our goal of at least millionaire status.
I sincerely hope with all my heart that we do succeed. I hope for success not just for my sake (I could use a quick million – pay a few bills), but for your sake, too, for all of you reading this and coming along on this journey with me. I want us all to succeed – to find a pathway that leads to financial salvation in this economy that’s crumbling beneath our feet, where jobs and job security are more and more difficult to come by. I believe that forex trading offers financial salvation. It is, in my not-so-humble opinion, the last road to riches for the “regular guy” (or girl).
Okay, now I’m only going to attempt this if YOU are truly interested in it – so please take just a minute or two to comment below and let me know your thoughts on this. If it’s something that YOU are sincerely interested in watching and following, then I’m certainly willing to give it a try (as noted previously, I’m a little bit crazy). Sounds like fun to me, but what do you think? I’ll wait for your comments, but in the meantime, I’ll go ahead and be working on setting up the account and finalizing the trading strategy.
If I’m encouraged to proceed by your comments, then I’ll report back here in just a week or two with all the initial information you’ll need to follow along to learn how you can go from zero to $1 million in 15 months in forex trading by deploying two or more trading strategies.
One million dollars trading Money Management Strategy:
If you want to take a trading account from zero to one million you need to have a money management strategy to get you there.
Here is one that will serve you well.
Starting with a $50 account and starting with just one “micro” our goal is to make 1 million dollars in 15 months.
Yes, 500 pips a month is a fast growth but we are going for a million dollars trading, very quickly this isn’t going to be easy.
Let me break it down to make it not seem as intimidating.
For this example, we are going to work at making 500 pips per month. That is 125 pips per week which is just 25 pips per day.
Let’s keep breaking down how we can do this.
25 Pips a day could be done with 2 trades at 12.5 each or just one trade at 25.
If we do one trade a day at 25 each that makes it a little bit easier. However, let’s not forget losing trades. IF you have a 25 pip stop loss and win one trade and lose one trade you are at 0 pips.
If you lose your first trade you need to win your next two to end up with 25 pips in net profit.
Not always an easy task. Just remember though sometimes you can win the entire 125 pips in just one week. There are many ways to do this just try to stay on task and focus on 125 pips a week with 2 per day being a good guide.
In the following image, I break down a great way to increase your account without using excessive risk.
Using this continuous pattern ALWAYS targeting for just 500 pips each month.
Some weeks we may make much more, other weeks less but on AVERAGE 500 pips a month and increasing the size we should eventually get UP.
Now, I will assume that there has been some “Plateau” effect. And that you had a few weeks scattered in here and there where you did NOT make it UP to the next level.
Maybe have a month where we make less than 500 pips. We just adjust and move on. Keep on seeking the target of going from zero to 1 million.
Let’s carry it even further and say that you’re just getting uncomfortable going above the 2 lots.
Let us say that it took you 26 weeks to slowly move up a mini lot at a time and now your trading 2 full lots and that is enough for you. Let’s say you decide to NEVER go above this level and you’re simply going to trade 2 lots forever.
Weeks 26 through 50.…. We add in 24 more weeks and we CAP your earnings at $8k a week for the rest of the year.
24 weeks x $8,000 = $192K MORE. We add this to the $94,200 and come up with a total of $286,200.Can you do this?
Can you believe in this?
Is it really hard to make 125 pips a week? And 50 on a slow week?
What’s amazing is you can target 125 pips doing just one trade a week. That would be the way to do this. The following image below is a trade of 125 pips using just one trade.
If this is something you cannot believe in. CHOOSE a number you can believe in. CHOOSE a way to “Move up the ladder” according to YOUR rules.
Slow. Sure. Steady. Keep it going. Make a plan and stick to your trading plan.
Make sure you keep track of this each week using a trading journal.
Conclusion on trading from zero to 1 million in trading.
This is an idea that we have put out there for the trading community to think about and act upon. I believe this is possible and the two hardest parts are discipline and learning to cope with losses without taking a huge loss. If you want to learn about how to trade 1 million dollars using our money instead of risking your own profits I recommend you try our Forex Master Trader Program which includes access to our prop firm where you can trade up to one million dollars trading.
Here is the next post in which I outline my million-dollar strategy.
It is possible to make 1 million dollars trading forex as well as making 1 million dollars trading stocks.
Let us know your thoughts about going from zero to $1 million trading in the comments below.
