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I don't understand the whole percentage thing, I don't believe I ever will either. I do know % is a difference of your account balance. So it will be different if you're not consistent on each trade and return. 10 pips $10 per traded from the 1st trade to the last trade. There is no reason not to earn 65% to 75% annually Depends on how you want to look and use it.
I look for a return of 15% minimum each month. Is what I look forward to. April is not looking so hopeful....
I agree with Okda its depend on balance. Even 5% is enough monthly profit if your account balance is 100k but with 1k even you will not be happy with 20% monthly profit.
Check out the now defunct Turtle Forex Poll called What are your Expectations. You'll find a good debate about exactly the subject you have raised here.
'Happy Trading!', as our old mate would have said.
I agree with Okda its depend on balance. Even 5% is enough monthly profit if your account balance is 100k but with 1k even you will not be happy with 20% monthly profit.
This is probably one of the most important things you need to understand if you want to succeed in this business .... Size does matter! It is not possible to make 5 - 10 % a week consistently without taking on an incredible amount of risk.
This is probably one of the most important things you need to understand if you want to succeed in this business .... Size does matter! It is not possible to make 5 - 10 % a week consistently without taking on an incredible amount of risk.
Exactly, risking too much even on smaller account will result into margin call/account blown (it's just a matter of time). If you don't have enough money to invest into forex then simply don't. Put that money into bank account and wait till you will get a larger sum.
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