I don`t get it with these low percentages.
If you had a 1 000,000 to invest you may be able to live off 5% (50,000 per year) return.
Most of us don`t have that.
If I wanted 2 or 4 % gains a month I wouldn`t even be trading myself.
Shooting for 25 % a year would be a pathetic return for years of study.
I Know a couple who have been earning 2.25% per month (26% a year) for 5 years through a managed fx investment.
I agree that greed is sometimes a killer and trying to lower the expectations of new traders is not nessesarily a bad thing, but some well intentioned people go overboard.
Say you started trading with a 10,000.00 account and used good money management. Risking no more than 3% max of your account for any position or combo of positions at one time.
Max loss per day at 3%. would give you 30 pips of wiggle room per day.
Assuming that you have a proven method which gives you 70 % wins over losses, 10 pips per day on average should not be difficult.
10 pips a day x 20 days in a month is 200 pips profit.
At 10.00 per pip that is 2,000.00. This equals 20% return a month.
I think one is either ready to trade live or not ready.
I will never aim for a lousy few % gain per Month/year because of what I read from a few ultra conservatives out there. I get that from my 70 year old mother who thinks 5% a year is great..
If you had a 1 000,000 to invest you may be able to live off 5% (50,000 per year) return.
Most of us don`t have that.
If I wanted 2 or 4 % gains a month I wouldn`t even be trading myself.
Shooting for 25 % a year would be a pathetic return for years of study.
I Know a couple who have been earning 2.25% per month (26% a year) for 5 years through a managed fx investment.
I agree that greed is sometimes a killer and trying to lower the expectations of new traders is not nessesarily a bad thing, but some well intentioned people go overboard.
Say you started trading with a 10,000.00 account and used good money management. Risking no more than 3% max of your account for any position or combo of positions at one time.
Max loss per day at 3%. would give you 30 pips of wiggle room per day.
Assuming that you have a proven method which gives you 70 % wins over losses, 10 pips per day on average should not be difficult.
10 pips a day x 20 days in a month is 200 pips profit.
At 10.00 per pip that is 2,000.00. This equals 20% return a month.
I think one is either ready to trade live or not ready.
I will never aim for a lousy few % gain per Month/year because of what I read from a few ultra conservatives out there. I get that from my 70 year old mother who thinks 5% a year is great..