Hi G,
Thank you for your thread. I learnt a lot from your thread and I am applying the method similar your trading system and quite profitable in live account. I know it is quite lucky and I am free psychology since live account is quite small amount and some time I use quite big stop loss.
We all know the key successful in forex trading in long term is money management and as you said profit return around 25 - 30% per year and the best trader in the world also have the same return.
If we are full time trader with 25 to 30% per year we need at least account capital around 200K US$, so that it can generate 50K US$ to 60K US$ per year for living. I think it is difficult to us have a large amount to deposit and also we don't know which reputable broker we should choose. Therefore, Forex is not good business and we just trading forex like game and fun and can not living with it.
I think best trader have profit return around 25 - 30% because they have a huge capital and so it more difficult to have high return and quite conservative risk management but we can expect a profit return higher due to small account and accept higher risk.
Thank you for your thread. I learnt a lot from your thread and I am applying the method similar your trading system and quite profitable in live account. I know it is quite lucky and I am free psychology since live account is quite small amount and some time I use quite big stop loss.
We all know the key successful in forex trading in long term is money management and as you said profit return around 25 - 30% per year and the best trader in the world also have the same return.
If we are full time trader with 25 to 30% per year we need at least account capital around 200K US$, so that it can generate 50K US$ to 60K US$ per year for living. I think it is difficult to us have a large amount to deposit and also we don't know which reputable broker we should choose. Therefore, Forex is not good business and we just trading forex like game and fun and can not living with it.
I think best trader have profit return around 25 - 30% because they have a huge capital and so it more difficult to have high return and quite conservative risk management but we can expect a profit return higher due to small account and accept higher risk.