It's possible to be a millionaire through share trading believe it or not, it's certain that top listed companies in a market place won't do you any good. The only possible way to become one is to trade through smaller listed companies that provide you this opportunity to profit. This would mean that you do a little research about the prices of the shares, creating yourself a target to enter and exit the market. A simple chart reading will do you well, if there is a big enough price gap between certain periods then it would be it.
Say for example company A has a year range of say $.40 cent to a high $1.15 every year. This month company A price is at $0.58 you know that your if you purchase Shares then you will almost double your money for every share that you own. But if you it go do to $.40 then you lose $0.18 for every share that you purchase. This doesn't mean that you lose your money straight away unless you sell it at that price of $0.40 cents that the market is bidding for. In any trade to become a millionaire requires a little investment of $6000.00 dollars for a period of 10 years of reinvesting the profit you have made each year. Here's how it works!
For the first year you would want to target a range that gives you 80% leverage in any trading company to have your account exceed the million mark. Just below the 10 years of trading at a 80% margin.
Please note that taxes and trading fees are not accounted for.
Open balance $6000.00
1st $10,800
2nd $19,440
3rd $34,992
4th $62985.60
5th $113,374.08
6th $204073.344
7th -
8th -
9th $1,190,155.742208
10th $2142280.3359744
The millionare status of share trading if the market conditions are to follow.
Share volume may not be availiable to the amounts that you purchase or sell at the price in just one company alone.
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