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$1.000.000 Challenge

March 30, 2009

Welcome to The Million DollarChallenge Blog!

My name is Marc (some of you will know me from twitter as Marc12001). I make a living trading forex from my home here in the Canary Islands. I started trading forex from home (badly)!! over 4 years ago.

In the last 12 months I have managed to recoup my initial $20.000 losses and move into a healthy profit.

I started posting advice on twitter in january of this year. My real time advice so far has been 96% accurate in 2009/1200 pips profit in february, 900 in march & 450 in april (part month) !!

Starting in may 2009 I will show you all my trades as I attempt to turn an initial $2000 into $1.000.000 over the coming 24 months!

If you’d like to join my 2-year million-dollar challenge, and see if I can help you to make some money for yourself, all you need to do is to fill in the “subscribe box”, top left of the page.

I’ll send you my analysis of where (& why) the markets are likely to go next. Also, daily trade updates as I make them.

I will also include all the details for you to learn how to trade forex for yourself.


Alternatively, if you just want to keep track of my blog you can…

subscribe to the RSS Feed.

Good luck with your forex trading!

  • Carlos Domani
    Looking forward to the 2KM
  • koketso
    hi marc is there anyway to see how the million dollar challenge is progrssing?you said you would use an independent auditor site or post shots of your statement. still nothing yet?
  • I’d like to join your's daily trade updates as you make them.
  • Emma
    Hi Marc,

    I am a complete newbie to forex and have only paper traded, and so far made about $2k in only 1 week, however I am a bit baffled with all the info out there with what platform to use, I have done some research about some of the platforms I have heard about and a lot of people have mentioned about slippage and wide spreads and take-profits that have been cancelld resulting in a loss etc - really confusing stuff. So what is the best platform to start with - do I need a broker? I only have a start amount of $1-2k. Any help would be appreciated.
    One good point is it seems I may have found a good training blog.

    Thanks Marc.

    Emma
  • Hi Emma. 1st thing. Don't be in a rush to dive in to a live account. If you have made $1k in a week in a demo that is fine but with 1 weeks experience you could just as easily blown it all. There is a load of free information on the main site as well as here on the blog to get you started. Main rules to learn are money/risk management & discipline. I know people who have demo traded for over a year before going live. There is really no comparison between the two. fear & greed rule the emotions of forex traders. If you have limited funds then fear of losing makes you react in ways that you dont on a demo.
    There are loads of free trading platforms to use. Open a demo account with any broker. Most of us on here are using metatrader 4 (we need it for the semi automated lmt system that we are running) but it is free and fairly easy to use. Once you have downloaded it sign up on the blog (free) and you will get a copy of my chart sets ups that will help you if you follow the free lessons, marc
  • Mak
    Marc,

    Thank you for all your hard work. It's nice to get great advice with no strings attached. With so much capitalizing on Forex methods and EA, i is hard to believe who is who.

    Mak
  • Thomas Bardolph
    I've been thinking about the challenge and would like to know if my logic is sound ... one way to make a mil starting with 2K is to double the account 9 times (2K to 4K to 8K to 16K, etc.) ... in a 2 yr time frame, this is about 11.5 wks for each doubling period ... so after about 21 months you should have $512K and need to double it one more time ... if trading 50 lots, you'd only need 1000 pips profit, which is less than 90 per week for your remaining 11.5 weeks ... I think the 90/week is do-able, but what about trading so many lots ... will that be a problem? ... do brokers accept accounts that size? ... this means swings (up and down) of tens of thousands a day
  • Thomas, you have a more mathematical brain than me. I put the maths calculation in this article I know what you are saying, but once we start getting to serious numbers, then is the time to start worrying about what we are going to do ! Once you have $50.000 in your trading account you don't need a broker. I use dukascopy and they trade interbank. Lower spreads. No limits & You are not fighting them. They make their commission on the trade NOT from you losing. Marc
  • Irene Rivera
    How do you plan to prove that you will turn $2,000 into $1 mil? And how can you prove that you have made the money you have already (in your daily pip report?).
  • Hi Irene. fair point. For the challenge I will either register with an independent auditor site or more likely post copies of my account statement. Re proving existing posts; These trades are made on my main, private account and i have no intention of posting this information anywhere. The purpose of the site is education. I have had lots of positive feedback saying that traders are learning here (for free). I charge nothing for the information, so have nothing to gain by bullshitting. Most of the trades that i have done in 2009 were posted in real time on twitter
  • CorinneWillcott
    Love it...
    xx
  • Isr
    Hi,

    I’d like to join your's daily trade updates as you make them.

    Thanks,

    Isr_n
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