# Forex Trading Plan-How To Turn \$250 Into \$1 Million in 12 Months!

Starting Small

Now let’s do some maths and see how we can turn \$250 into \$1 million in 12 months. Suppose we have developed a trading system that makes a gain of 100% per month. With this assumption, if your trading system makes 100% ROI per month you will be doubling the account equity each month. Let’s see:

Start: \$250

1st Month: \$500

2nd Month: \$1,000

3rd Month: \$2,000

4th Month: \$4,000

5h Month: \$8,000

6th Month: \$16,000

7th Month: \$32,000

8th Month: \$64,000

9th Month: \$128,000

10th Month: \$256,000

11th Month: \$512,000

12th Month: \$1,024,000

As you can see if you can make 100% return consistently for 12 months, you can turn \$250 into \$1 million in 12 months. In the first 3-5 months, your account did not grow much but after that you can see exponential growth in your account at the end of every month. The advantage of starting small is that you are not risking too much of your hard earned cash. So if you are not good at trading, the most that you can lose is \$250. After losing \$100, our advice go back to the demo account again and practice more. Only come back to live trading when you think you have the right skill. On the other hand once you have developed the right skills you will be doubling this small amount every month and by the end of 12 months, you can achieve your goal of making your first million dollar.

Now this was the easy part. Goal setting was easy. You said you want to make a million dollar. You wanted to start small. You decided to start with only \$250. You did the maths with the assumption that you will be making 100% return every month. The maths showed that in 12 steps you can achieve your goal of \$1 million. But can you really achieve your goal of making 100% return per month? Easier said than done! Many pro traders are content with making 30-50% return per month. On the other hand, there are traders who can make more than 100% return per month. Can you do it? Well, it all depends on your trading strategy and your trading system.

Don’t rush! Take your time. Choose a strategy. Test it on the demo account for a few weeks. If you find success with it and if you find it easy to trade continue trading with it otherwise drop that strategy and pick another one. Now we are working in the realm of the practical. Strategy selection can be a time consuming process. It can take you months before you find the right strategy for you. This is a realistic assessment. We took months to find the right strategy that started working for us. Once you have the right strategy, practice it. The more you will practice it, the better you will become with it. So with a few months of practice your skill level will increase. Now you need to change that strategy into a system. You can read this post where we explain a simple swing trading strategy that works best on H1 and H4 timeframe and can make 300-400 pips per week.

Now it is not necessary to have a system with a very high win rate. Richard Dennis had started with only \$370 as a small time futures and commodity trader. He ended up making more than \$250 million. He had a simple trend following system. He taught that system to his students whom he used to call the Turtles. His system became famous as the Turtle Trading System. It is estimated that Turtles made \$100+ million with this system even though many had no prior experience of trading.

You will be surprised to know that the Turtle Trading System had a winrate of only 40% yet it made many millionaires. How did it do that? Simple. Turtle Trading System was designed to catch big moves in the market with low risk. Months would pass before a signal would be generated. So it became essential to keep an eye on many markets so that you have enough signals generated by the system. As said above it won only 4 out of 10 trades but the winners would be so big so as to wipe out all the losses. You might correlate this thing with the reward/risk ratio. So your system should have a high reward/risk ratio something like 3:1 if you really want to make money trading with it.

#### Shorty97

##### Newbie
Nice plan, also you can earn 5% daily and you will make 100% per month. My strategy is 2% per day, i mean 20 pips per day that mean about 400 pips per month.

#### sevenone

A trader must be a fighter and have good plan and implement it for practice

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