Obviously 50% monthly is not sustainable for an entire year or you would be the richest person the planet.
Yeah, I agree. 50% a month would allow us to buy mansions almost anywhere we want. I don’t think 50% a month would allow for becoming the richest man on the planet though because you could only trade so many lots.
My plan is to use as many institutional brokers as possible allowing me to spread out size and withdrawing profits weekly. 2-4 million a month. That will not get me close to becoming the richest man on the planet but more than exceed my own goals allowing me to work 100% of the time toward my self-funding charity.
That’s fantastic.. Have you ever heard of brokers cutting customers off for winning too much in the markets? I know it happens in the sports gambling world but just curious
I am not sure if it would happen or not.
Using a no dealing desk broker it should not be a problem at all. Unlike in sports gambling where the “bookie” is taking the other side of the bet, these brokers pass the trades on as they are received to the interbank making their money on the spread/commissions.
I hear there is a new peer-to-peer sports site in the UK. That should allow for winning gamblers to not be stopped by losing bookies.
NDD – No Dealing Desk: An NDD forex broker provides direct access to the interbank market; it can be an STP or STP+ECN broker (see below for STP and ECN broker definitions). With a genuine No Dealing Desk broker, there is no requoting of prices, which means that you can trade during economic announcements without any restrictions. The spreads offered are lower, but they are not fixed, so they can increase significantly when volatility is increasing during major economic announcements. An NDD broker can either charge a commission on each trade or choose to increase the spread.
STP – Straight Through Processing: In STP mode, transactions are fully computerised and are immediately processed on the interbank market without any broker intervention.