Disliked{quote} Basically; traders need to understand first their own trading ability; anything like unrealistic target would be painful for sure.Ignored
Is it possible to earn 30% per month consistently for 4 years? 205 replies
1 trade per pair per year 6 replies
multiple systems per pair/multiple pairs per system? 3 replies
Earning 150 pips per month consistently - is it possible? 21 replies
Trading 24 hours per day, 5 days per week 14 replies
Disliked{quote} Basically; traders need to understand first their own trading ability; anything like unrealistic target would be painful for sure.Ignored
Disliked{quote} I agree, self-awareness is key to success. If you don't have realistic expectations you'll end up losing money.Ignored
Disliked{quote} Yes mate; traders have to understand 1st their own capacity; expecting more (without any logic) it’s a disease.Ignored
Disliked{quote} It's greed and arrogance, pure and simple. A lot of traders suffer from those, sadly.Ignored
Disliked{quote} Thanks mate; yes, they are! We should follow our own strength.Ignored
Disliked{quote} Which sides of your character do you think are your strengths when it comes to trading?Ignored
DislikedHi Xenaga03 I think the answer depends on system expectancy, and one's personal tolerance for risk. With leverage and a compounding MM system, almost anything is possible. At least that is the mathematical answer. Everything else being equal, return and risk are both directly proportional to position size. 20% per month might well be attainable, if one is prepared to size positions to take on the necessary risk, i.e. where bad months will result in sizable drawdowns, and the real possibility of wipeout. Vendors promote their systems by quoting return,...Ignored
DislikedYour target has to be achievable and realistic. doesn’t matter how much other traders are making per month or per year. Target has to be set as per your knowledge and trading skill. So practice hard before you can figure out what is the realistic target for you.Ignored
DislikedSometimes the latter also helps, but it should not be done blindly.Ignored
Disliked{quote} Buddy; what you are talking about? Chart pattern or anything else?Ignored
Disliked{quote} Sorry, I was referring to deciding whether one wishes to trade on their own or follow someone else's signals.Ignored