DislikedHey this is a very sensible advice. Though I personally would like to have a bit higher monthly target something like 10%.Ignored
The good thing about the spot forex market is that there is a ton of money to be made. The bad thing about the spot forex market is there is a ton of money to be made...
If you have a target of 4% per month and you compound that monthly for one year, you have a return of 60%. I'd like to see you go to your investment broker and tell him that you want to invest your money, but it has to get a 60% return. See what he says.
Now, I'm not saying that wanting more is bad, but keep everything in perspective. I used to focus on pips, ROI, etc. I found that, at least for me, it had an adverse affect on my trading. All I really think about now is getting into good trades. I know if I do that, everything else will take care of itself.