If you can get 20% a month consistently, you are a
world class trader. This would mean you could
turn $1000 into $9000 in a year.
A more achievable goal is 5 to 10% monthly on average.
Ignored
10%, compounded monthly, is still elite level performance. 5% compounded monthly will achieve a 100% per year and still put you in the envious position of , not only being in the minority of people that make any profit at all, but beating the top performing hedge funds which achieved 50% last year. It will be a very experienced trader applying fulltime effort to achieve this. Thinking you can do better with less effort and experience will increase the chances of losing all your money. Forget monthly targets, just patiently wait for A+ set ups and take what the market gives while learning to master your techniques and emotions
What would be a considerably amount to get in a year starting from 1k
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Time ago I asked a professional trader: "What would be the right amount of startup capital to get in as few months as it's possible one million dollar with trading?"
He thought for some seconds seeming to make some mental calculation, then answered: "Two millions".
is it possible to turn 1k to 30k in a year w/o risking too much
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You'd need to triple your capital each month. You're doing extremely well if
you can triple your capital in a YEAR which equals about 10% gain each month.
So no.
You'd need to triple your capital each month. You're doing extremely well if
you can triple your capital in a YEAR which equals about 10% gain each month.
So no.
Ignored
If this trader triples their money each month, they will obtain their goal in 13 weeks, not one year.
