Turn $2,000 into $55,857 in 3 Years Day
Don't have $21,000 to day trade with?
Let's look at how you can turn $2,000 into over $21,000 in only 3 years.
We will assume a 1% profit gain per week, and we will assume that you
are using only 3/4 your buying power (which is triple your money).
- Year 0: $2,000 (Trade triple with
margin = $6,000 x 1.678 = $10,068) While we are trading with $6,000 we
didn't earn a full $10,000. We earned $10,068 - $6,000 = $4,068. Our new
account balance is $2,000 + $4,068 = $6,068.
- Year 1: $6,068 (Trade triple = $18,204
x 1.678 = $30,546; then $30,546 - $18,204 = $12,342 increase; so our account balance is $6,068 + $12,342 = $18,410)
After 2 years, you have gone from
$2,000 to $18,410 by gaining only 1% per week. By year 3, if you
continue to use 3/4 your buying power, with a 1% profit per week,
you can start making well over $50,000 per year from your $55,857 account
If you are thinking about quitting your day job, you will likely want to wait until your account balance is at least $25,000 because if you day trade more than 3 times in a week you will be required to have a minimum balance of $25,000. The above calculations are based on day trading only 1 to 2 times per week.
What About Commission and Fees?
While most brokers charge between $5
and $10 per trade, these calculations ignore fees because there is a
broker that offers $0 commission.
Stocks vs Forex: Why Trade Forex?
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