Day 1- The Plan

Today I have 10 dollars and in five years I will be a millionaire. I just recently celebrated my 25th birthday. 1/4 of a century old. Everyone says it is an accomplishment and I guess it is. I am now a man and supposedly my brain is fully matured. At least the part to resist stupid impulses. What does it really mean to be fully matured though?

Okay, back to the point of the blog. 1 Percent a day. What does this mean? It means that if you take what you have today and get a 1 percent return on it each day on an investment then tomorrow you will have 1% more than you had today. This can be applied any where. Huge rewards are not consistent and you will never get better at something  instantly. You have to work at it and slowly get better...

Today I will go running,  and be sightly better at it than I was yesterday.

How will I become a millionaire? That is a question of leverage, risk and great rewards. The answer, with ten dollars and a return of just 1 percent a day for the next 5 years.

Trading 240 days a year on the Forex market gaining an average of 1 percent a day to be more precise.

What is Forex? Forex is foreign exchange. The foreign exchange market is the largest and most liquid trading market in the world. It is decentralized and its primary participants are large financial institutions. Any one can trade though. The high liquidity and volatility makes it a dangerous investment but with care; the risk can be managed and the rewards can be great.

The strategy is to prepare a weekly trade plan based on current market forces with the right to change this plan as new information becomes available reserved. In addition  only risk at most 33% of funds at a time further breaking that into 33% increments which is used to buy lots. I will begin trading this week once I deposit $10 to Oanda.com. I may change brokers at some point during this experiment.

Always work to better yourself.

10 Dollars. 1% Day 1 =10.1 Day 2 =10.201

$10 Dollars. 1% per day. Year 1 = $108.93

$10 Dollars. 1% per day. Year 2 = $1,186.48

$10 Dollars. 1% per day. Year 3 = $12,923.77

$10 Dollars. 1% per day. Year 4 = $140,772.83

$10 Dollars. 1% per day. Year 5 = $1,533,375.57

We can do this.