I am prepared to test your system
Mas mas
here is a short list of what I think after committed all my hours of trading
when I first started as a newbie my goal was 1000% per year
following my initial MC I reduced it to 400 percent per year
and now after getting all the clouds (mainly greed and sorrow ) eliminated my goals are:
20 - 25% stocks of emerging market
20% actual gold
35 - 40% Foreign Exchange
and that number is yearly average and yes I use the same egy for trading, no more moving average washa washi, no more service resistance, fibo, trendline (unless for explanation intent ) basically just ME, PRICES, and PATIENCE.... And of course the market manufacturers, huge boys, manipulators
oh and one more thing... 1:1 leverage is what you may like as a real trader
It depends may lot after he entered the market? And which sort of trader of him? Swing, daily ?
For most people this return is quite enough, but maybe not for me
A constant 10% per month is definitely good enough for me...
Only some calculation...
Account dimensions $10,000
10% = 120% annually
So a profit of $12,000 yearly without compounding is fine for me. .
It could go far more if you compound it...
The question is would you be able to get it done consistently with a bigger account size?
Right now your account size is $100. . .so a reduction of 1-10% heck even a reduction of 50 percent of your current account dimensions may not really hurts you. . .but whenever you've got a larger account size say $10,000 in my point of view, I can not manage to lose over 25 percent of my equilibrium. . .so which means I have to reduce my risk...
decreasing my risk means lowering my lot size, tightening my stop loss...
And I'd want a higher reward. . .preferably a risk reward ratio of 1:2
Btw. . .how several% are you risking to receive 10 percent monthly..what is your risk reward ratio...
MM in Forex almost always involves compounded numbers. What starts off as 10% of 100.00 can quickly increase to 10% of 1000, etc and so on.
Why not break it down even further and also have a target of 1% per trading day? This becomes approximately 5.
A patient person with sufficient knowledge and temperment can easily and consistantly reach these marks.
The fantastic thing about Forex that it is extremely liquid market, unlike for example stocks. Whatever works on $100 account works on $1 000 000 account. The distinction is simply in dimension and if there is no fear of trading big size, there will be no difference.
I think 10% monthly is realistic based on style, leverage and most significant on patience to await the best set ups possible with the highest chances of winning.
Any positive proportion of return is good as long a it's consistent.
How financially rewarding it's depends completely on your account size.
10 percent per month is great.
However it is dependent upon your Starting Capital...
if it's just USD100, u mean USD10 per month...
don't squander your time then
Or earlier, you can start with a bigger capital...
in the event that you actually consider time spent to gain the skills to create 10% per month a waste of time then you are totally insane.Originally Posted by ;
Yes, 10% per month is attainable. It is more difficult if you think as a wage earner though.
Stop thinking like a wage earner.
10% per month is 120 percent per year.
In other words on a shorter time frame, in the event that you earned 0% per month, but you make 20% in February, you then made 10% per month. That is what trading is.