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Attachments: 100$ -->100,000$ (period: 12 months)
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100$ -->100,000$ (period: 12 months)

  • #201
  • May 20, 2019 10:51pm May 20, 2019 10:51pm
Quoting GeorgeBaile
{quote} I don’t know; how traders can set their monthly & yearly target with a unrealistic figure when Forex is all about probabilities; no certainty.
It's easy for traders to set monthly and yearly targets but it's quite difficult to achieve them. I don't have any targets because I think that they are useless.
With good money management last month I earned $3,759 with only a 40% win rate
  • #202
  • May 25, 2019 1:15pm May 25, 2019 1:15pm
Quoting Hutch
{quote} It's easy for traders to set monthly and yearly targets but it's quite difficult to achieve them. I don't have any targets because I think that they are useless. With good money management last month I earned $3,759 with only a 40% win rate
Good results but from what pot?
  • #203
  • May 26, 2019 1:24am May 26, 2019 1:24am
Quoting momo3HC
{quote} Good results but from what pot?
Good results simply means not losing money in the long run and this can only be achieved with proper money management and this has to be the #1 priority of any trader. What most traders don't realize is that a break even trade is a winning trade. The key to success is to limit the amount lost on losing trades and to maximize the amount won on winning trades. Please look at the picture on this thread and you will know how a 40% win rate is enough to produce good results

https://www.forexfactory.com/showthr...1#post12279121
  • #204
  • May 27, 2019 11:47am May 27, 2019 11:47am
Quoting Hutch
{quote} It's easy for traders to set monthly and yearly targets but it's quite difficult to achieve them. I don't have any targets because I think that they are useless. With good money management last month I earned $3,759 with only a 40% win rate
Perfect! Same plan from me; even I think, having a monthly-yearly plan brings more pressure; mental barrier!
  • #205
  • May 27, 2019 7:51pm May 27, 2019 7:51pm
Quoting Adelhard
{quote} Perfect! Same plan from me; even I think, having a monthly-yearly plan brings more pressure; mental barrier!
I'm sure that you are right because the trader will feel diminished when his monthly target is not achieved. He will probably start making more trades to make up for the difference between plan and achievement and some will be bad trades.
  • #206
  • May 29, 2019 3:38am May 29, 2019 3:38am
Quoting Hutch
{quote} I'm sure that you are right because the trader will feel diminished when his monthly target is not achieved. He will probably start making more trades to make up for the difference between plan and achievement and some will be bad trades.
Exactly, it is! It makes more complicated trading situation like over-trading, over-lots!
  • #207
  • Jun 2, 2019 5:05am Jun 2, 2019 5:05am
Quoting Hutch
{quote} Good results simply means not losing money in the long run and this can only be achieved with proper money management and this has to be the #1 priority of any trader. What most traders don't realize is that a break even trade is a winning trade. The key to success is to limit the amount lost on losing trades and to maximize the amount won on winning trades. Please look at the picture on this thread and you will know how a 40% win rate is enough to produce good results https://www.forexfactory.com/showthr...1#post12279121...
You`re all right but that doesn`t answer my question.
  • #208
  • Last Post: Jul 13, 2019 5:23am Jul 13, 2019 5:23am
Quoting momo3HC
{quote} You`re all right but that doesn`t answer my question.
Sorry for not answering your question but it's better not answering a question than answering with a lie when there isn't really a proper answer
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