Many posts promise quick and substantial profits using strategies like 5-minute candlestick patterns. While they may sound appealing, especially to beginners, it’s essential to approach these claims critically. Let’s break this down:
---
1. Is it Possible to Turn $20 into $1,000 in 7 Days?
This goal is highly unrealistic for most traders, whether beginners or experienced professionals.
Why?
Trading involves significant risk, and achieving such rapid returns often leads to losses rather than profits. Doubling or exponentially growing your capital in such a short time is an exception, not the rule.
---
2. Are Candlestick Patterns Useful?
Yes, cand