Is it possible to consistently earn between 20-30% return a year?
Or is it possible to earn even higher returns consistently with proper money management
My general understanding, is that it that there is no easy way to earn money in this market. Generally, you have to base your trading on:
Going after the trend and enter when a support/resistance breaks, and bind tp and stop losses to technical levels and daily ranges. Really,there is nothing more to it. Other strategies are only nuances with mild positive results. You can never predict moves,and you may have 60% chance of winning,and therefore, you have to have good money management, which makes it hard to get more than 50% in return a year.
Because:
when price breaks an important level: it will continue in that direction(which is why you have to ride the trend). If not, you have tight stop losses.
So if there is 50% chance, that it will break it. tp= 100 pips, and stop loss =25pip and you have a profitable strategy.
Or is it possible to earn even higher returns consistently with proper money management
My general understanding, is that it that there is no easy way to earn money in this market. Generally, you have to base your trading on:
Going after the trend and enter when a support/resistance breaks, and bind tp and stop losses to technical levels and daily ranges. Really,there is nothing more to it. Other strategies are only nuances with mild positive results. You can never predict moves,and you may have 60% chance of winning,and therefore, you have to have good money management, which makes it hard to get more than 50% in return a year.
Because:
when price breaks an important level: it will continue in that direction(which is why you have to ride the trend). If not, you have tight stop losses.
So if there is 50% chance, that it will break it. tp= 100 pips, and stop loss =25pip and you have a profitable strategy.
