Disliked@samekhanok, I think 10% monthly return is a realistic profit. So if you are looking for $20 per day, you should deposit $ 6k. Or if you deposit $1000, you could make $ 3-4 per day. Of course if the monthly return is 10%Ignored
also, there is not much provision for the losing days, but that is a different story, right?
DislikedI have not been trading for very long , only a few months actually but I have already notice that at Forex factory a large percentage of traders think that anything over a few percent a month if impossible. In your case 2% a day can be done quite easily depending on the time frame you decide to trade. Trading intra-day on the 15 min chart allows you find at least a few good opportunities everyday. To make 2% a day , find a trading system that has a 60% win rate with a signal common enough that appears 5 times a day. A system like that is extremely...Ignored
after all not too many get it right...
love the words, everything is possible, bla, bla.
then hardly ever there is anything to back those words, they stay empty.
as a sidenote: it is very easy to make or lose large % on a small account.
end of the day who cares losing ( or even making) 30% of a 20$ account....it is 6$...a grande latte+ tip?
are you ready to bet the price of your car, or even better your house, on the same trades to make or lose 6k or 60k on the same great idea?
most would not!
the cost of re-set and re-start is just too high price to pay, however tempting that 30% day looks like ( if and when it is a winner)
if that 2% a day (or 40% a month) consistently would be that easy to make, you would keep seeing those track records.
not only, but the prop firms and hedge funds...nah, the banks themselves...would line up looking to sign you up right now.
newsflash: they would do that even if you consistently (on a long track record with low drawdown) make "only" as little as 40% a year with some 5 digit account...only if you dig a little, you will find that even that not so many can do...hmm.
maybe it will take another few months to understand this, and appreciate the answer as it is?
there is always, always another trade!!