Your 4% target is possible! There is enough volatility in any market day to harvest 5-10 pips in about 50 trades in a day. Before I have a better understanding of money managent I increased the lot size arbitrarily to meet my goal faster and blew $8,000 (It was a $5000 a/c which I moved up in two trading days) demo account in 2 hours. I learnt a lot from that experience. Since then I have come to realise that the three key ingredients required for successful trading are the ability to understand the sentiments of the market, money management and discipline (stick to your strategy).
I am a newbie to forex, but I have studied the market over the last three months and understand it like the back of my hand. I have a $10,000 demo account that I increased to $15,000 within 10 trading days i.e. an average of 5% per day (that was actually my intention). I moved another $3,000 demo account to $4000 in three days. I am currently practing this technique on a live micro account. My intention is to run the live account for about three months before bringing the result out for assessment by the jury.
In summary, your target is achievable provided you know precisely what you are doing.
I wish you the best of luck!
I am a newbie to forex, but I have studied the market over the last three months and understand it like the back of my hand. I have a $10,000 demo account that I increased to $15,000 within 10 trading days i.e. an average of 5% per day (that was actually my intention). I moved another $3,000 demo account to $4000 in three days. I am currently practing this technique on a live micro account. My intention is to run the live account for about three months before bringing the result out for assessment by the jury.
In summary, your target is achievable provided you know precisely what you are doing.
I wish you the best of luck!