View Full Version : 1k to 30k in a year
FedKap
09-27-2022 08:40, 08:40 AM
You'd need to triple your capital each month. You're doing extremely well if you can triple your capital in a YEAR which equals about 10% gain each month. So no.
If this trader triples their money each month, they will obtain their goal in 13 weeks, not one year.
caflhhpadioxf94
09-27-2022 08:55, 08:55 AM
is it possible to turn 1k to 30k in a year w/o risking too much
You'd need to triple your capital each month. You're doing extremely well if you can triple your capital in a YEAR which equals about 10% gain each month. So no.
Exxelowlikhh
09-27-2022 09:44, 09:44 AM
What would be a considerably amount to get in a year starting from 1k
Time ago I asked a professional trader: What would be the right amount of startup capital to get in as few months as it's possible one million dollar with trading? He thought for some seconds seeming to make some mental calculation, then answered: Two millions.
Nefeis
09-27-2022 10:37, 10:37 AM
Excellent advice
yeah - one day I might actually start listening to that guy -lol
hihiccm
09-27-2022 11:21, 11:21 AM
Forget monthly targets, just patiently wait for A set ups and take what the market gives while learning to master your techniques and emotions
Excellent advice
Nefeis
09-27-2022 11:45, 11:45 AM
If you can get 20% a month consistently, you are a world class trader. This would mean you could turn $1000 into $9000 in a year. A more achievable goal is 5 to 10% monthly on average.
10%, compounded monthly, is still elite level performance. 5% compounded monthly will achieve a 100% per year and still put you in the envious position of , not only being in the minority of people that make any profit at all, but beating the top performing hedge funds which achieved 50% last year. It will be a very experienced trader applying fulltime effort to achieve this. Thinking you can do better with less effort and experience will increase the chances of losing all your money. Forget monthly targets, just patiently wait for A set ups and take what the market gives while learning to master your techniques and emotions
hihiccm
09-27-2022 12:18, 12:18 PM
If you can get 20% a month consistently, you are a world class trader. This would mean you could turn $1000 into $9000 in a year. A more achievable goal is 5 to 10% monthly on average.
NIOPKF
09-27-2022 12:31, 12:31 PM
thanks. I understand that it would be extremely risky too do that. What would be a considerably amount to get in a year starting from 1k
sokya
09-27-2022 13:20, 01:20 PM
Just do a search here on this forum if you want info from traders here about it. I think there must be hundreds of threads like this now.....
https://www.justgetforex.com/attachments/1594392825.png
rlackened1924
09-27-2022 13:41, 01:41 PM
is it possible to turn 1k to 30k in a year w/o risking too much
Your risk = $1000. Is that too much? The risk of losing it (using methods needed for such a huge gain) is very, very high. If you need to ask that question, then the risk is even higher. Please don't take that the wrong way.
FedKap
09-27-2022 14:29, 02:29 PM
This would be extremely difficult to achieve. It has been done but not often. Good Luck
Nefeis
09-27-2022 15:02, 03:02 PM
no it is not possible to achieve those results without extreme risk
NIOPKF
09-27-2022 15:28, 03:28 PM
is it possible to turn 1k to 30k in a year w/o risking too much
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