It is commonly stated that most millionaires are made through real estate, business start-ups, and financial markets. Each year thousands of people around the world embark upon the adventure of becoming traders. The reality is that those who learn to trade and approach it as a serious business do make lots of money.  Unfortunately, they are the minority  However, if you have a realistic plan surrounding your trading—strong risk management and a solid trading strategy—then you will drastically increase your chances of success. It is cliché, but also very true—trading is not a sprint, it is a marathon. Be in it for the long haul. If your mindset from the beginning is to create lasting wealth over a long period of time, your chances of success will be much higher than if you plan to turn $10k into $1 million in a year.

The My First Million Calculator can help you put a realistic, workable plan together for how to grow your capital over time. All you need to know is the following:

• Current investment capital
• Expected Rate of Return
• Your Age
• Expected Inflation Rate

With this information, you can determine how much wealth you will be able to create over X number of years. Of course, the variable is the expected rate of return. How well can you do each year? To put it into perspective, most professional FX traders are aiming to produce returns around 20% per year. If they perform beyond that, they are literally at the top levels of industry performance. The truth is that, as a small retail trader, you can do much better than large fund managers due to several reasons, but nonetheless, this should put things in perspective a bit. Do not expect to increase your account by 1000% each year! Internet marketers and scam artists would want you to think otherwise, but the truth is sustaining those kinds of returns year in and year out is not a realistic plan. Instead, be realistic in your planning. How well can you do each year? Take a quick second to plug your variables into the MFM Calculator:

The other variable not included in this list is you ability to add savings to the your investment capital each year. This will significantly decrease the amount of time it takes to hit your goal. For example, if your current investment capital is $10,000, and you can add an additional $2,000 each year, then your goals are going to be hit much faster than if you start out with the initial $10,000 but do not add anything to it each year. Consistent savings is a huge key to building lasting wealth in the forex market.

Inflation has averaged around 3% since the 1920’s and it is not expected to vary significantly. However, the current economic outlook in the United States is extremely uncertain; furthermore, many experts are concerned about the possibility of both inflation and deflation in the coming years in the United States, and any lasting presence of either threat would cause severe problems in the United States. Therefore, it is good to be aware of these possibilities as you put your long-term plan together and hedge against these risks via investments in hard metals, real estate, or other tangible assets.

I am proud to say that I have achieve my second new years resolution… which was to build my own EA.

Ok… maybe not from the ground up, I kind of cheated a bit in my quest to achieve this goal. I took another EA, tweaked with it, add some rim, add some nitrous, change the engine to a V8 and add a coat of new paint. Voila!!! A beautiful masterpiece…. which I named it aQuila.

Initially I wanted to name it Megan Fox… but thought I might be sued if this beauty proved hotter than Megan Fox.

Anyway, I also added another ‘computer system’ to monitor this lean mean beautiful machine… This EA works in parallel with aQuila to ensure my account to get fu(ked.

I have been testing the main EA for about 2 months now and tweaking it here and there was not easy…

It all started with a busted account and myfxbook chart below shows my progress..

My first attempt[Note: Deleted the chart below because it is cramping myfxbook, this screenshot will be suffice for my journal record purpose]

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Demo Update

If you haven’t notice yet… My PITBULL demo is in the dumps…

Yes… that is what people would say… Martingale is dangerous. And quite rightly so… if one does not use it carefully.

There are two things I have to say there. One… and the most important point here is that I over trade. I traded 0.1 lot on a $2k account with a leverage of only 1:100. That is how I could yield a high of $3.5k  close to 50% return  over 2 months period.

Secondly, it seems that there is a bug in the codes. The EA seems to only go long rather than both ways.

I spoke to the developer and he says that something is not right because the EA should trade both ways. Looking at his myfxbook statement, he verifies it. So it’s either he forwarded the wrong EA to me which I doubt it…

Or… I might have done something to the EA. I mean… erm… (Putting myself in the corner here)

Ok… these needs to be looked at. Because I have actually put Pitbull in my lovely megan account. And it seems to exhibit the same traits.

However… in my Megan account, I am trading 0.001 (nano) lots on a 1:500 leverage and only trading 3 currency pair as per my backtesting results. While I do not think it will effect much… I still need to get to the bottom of this and restart the demo again…

My site have been hijacked not once but twice! Some of you might have notice that a few weeks ago, when I wasn’t updating my blog, your visit would have been redirected to another site.

This site is about how your site or your computer is being infected by virus blah blah blah…

That is what it means by being hijacked. They hijack my visitors…

These hi-wankers seems to be able to embed a piece of code into my site and it is everywhere on the top of all my php files.

While it seems harmless, it is nevertheless frustrating and annoying.

The codes looks something like this…

The encrypted code is long but when one decodes, one will be able to see that this script will direct visitors accessing these php files or site to a site encrypted into the codes. Most of these sites are either anti-spam or anti-virus site. Ironic isn’t it?

I believe it is these twats that hack and hijack sites with vulnerable site security such as mine.

Once hijacked… the only thing to do next was for me to clean up the codes as soon as possible.

I had to firstly scour the internet to find a way to clean this codes up. If not I needed to clean each files up one by one! And that would mean… long, tedious, frustrating, exercise.

Luckily for me, my webhost provider gave me a script file to assist me. But it was not able to help me clean up these files  100%. Some files I had to manually clean it up myself.

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Since now I have some free time, I owe Cacus a detail post about his rip-off EA.

I have to admit that I had to take a bit more time to really study this topic. It was a few months ago that I kind of stop these sort of ‘detective’ work. While it was good for my blog it was not so for my live account.

It was one or the other. Talking about scamming EA really boosted my traffic to the site. It was good and exciting to see an instant traffic surge to my site. And of course to keep up with the traffic expectation, I continue to dive into my ‘detective’ work only to find out that the my live account wasn’t as exciting as it should be.

So, I took a decision to stop or maybe cut down on these sort of work and focus on EA that makes sense to me rather than ranting about EA that is full of $hit. I must say… that was a decision I am glad that I made. Too much effort needs to be taken to do some research… and I though I would rather use these effort to improve my account balance.

Anyway… the industry seem to be able to regulate themselves with regards to rip-off EA. So why bother…

However… as a favor to Cacus who supports my site, I though the least I could do is put some effort in finding out the truth in all this.

So here is what I found….

Forex Legend offers two EA one is a scalper while the other is a trend EA.

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