Monday, October 22, 2012

How To Become Millionaire With One Dollar

Here is how to become a millionaire with one dollar:

Take one dollar, invest it with 100% return per year, compound your profits and in 20 years you will have $1 million. Easy right?

Now the question is where to invest money to get 100% ROI.
I have one tip for you. Invest on Forex (currency exchange)

And there is an easy way to do it. Simply auto-copy trades of best Forex traders. Well, you will need more than one dollar to open your broker account. But if you start with $300 , you can open a micro account. I know, you wanted to become a millionaire with one dollar only. But here is a good news. If you starts with $300 instead of $1, you will become a millionaire in 12 years only! Think about it.

Now what is the process?

1. Open a trading account
2. Choose from best Forex traders. Add them to your portfolio.Many of them have returns more than 100% a year.
3. Wait and see your account grow.
4. Every year, once your account size doubled, also double your lot size.

This way you use a power of compounding and your $300 will grow to $1 million in 12 years (when doubled every year)

Note: Choose your forex traders (signal providers) carefully. Check their stats and choose those that open max. 1-3 trades at one time and their max. drawdown is less than 20%. Also set your lot size to risk max. 2-4% of your capital per trade.