The facts

The facts:

1.) the current price is telling you the current truth
2.) all price-movements before the current price are telling you the current truth of the moments in the past.
3.) pips are very well showing you if you have performed well or worse.
4.) every day you lose time until you are dead.


Let's calculate how much time it will take you to get rich. The following formula shows it to you:

New_Accounts_balance = Start_Accounts_balance * Percent_to_add ^ (time_frame)

example:
A Trader who has got 1000 Euro adds every month 2% to his account. He grows it every month by 2%.

After 1 month:
1020 = 1000 * 1.02 ^ (1)

After 2 months:
1040.40 = 1000 * 1.02 ^ (2)

After 3 months:
1061.21 = 1000 * 1.02 ^ (3)

After 6 months:
1126.16 = 1000 * 1.02 ^ (6)

After 12 months
1268.24 = 1000 * 1.02 ^ (12)

After 24 months (= 2 years, 2*12)
1608.44 = 1000 * 1.02 ^ (24)

After 48 months (= 4 years, 4*12)
2587.07 = 1000 * 1.02 ^ (48)

After 96 months (= 8 years, 8*12)
6692.93 = 1000 * 1.02 ^ (96)

After 192 months (= 16 years, 16*12)
44795.35 = 1000 * 1.02 ^ (192)

quite a lot of time, don't you agree? 16 years of constant trading. And always making profit.
Put in your parameters to see how much time it will you take to get rich.

2% = 2/100 = 0.02
1000 * 0.02 = 20
1000 + 20 = 1020

1000 * 1.02 = 1020

1000 * 1.02 * 1.02 = 1040.40 = 1000 * 1.02 ^ 2

GOOD MAN . I've seen dozens of formulas you know the best one?
The one that works for YOU & YOU understand it not someone else.....
good trading friend.

2% per month? If that's all somebody is managing to make, they better change systems.

It's not a race, it's a marathon.