6/12/ · To meet your goal of $ per day, you’d have to earn % of your $20k each month. % is a lot to consistently make for a beginner, but it’s not impossible. However, think about this: in one year, earning only 10% per month, you would more than triple your account. At that point, 10% is over $6K – exceeding your initial goal It's not important what % you can make in a month. If you can do 20% in a month that's phenomenal. Hell, 5% a month is phenomenal, if you can do it EVERY month. And that's the key. It's no good having a strategy that does % one month and loses it the next. Learn how to No, it’s not. Whoever tells you otherwise is just trying to scam you. Just imagine what this looks like. If you make % return monthly, in no time, you would be the richest person on earth. I tell you, you are more likely to blow your account in no time, as you would be essentially gambling
Can you make % per week on your capital trading forex? - FX Trading
We've all heard stories of a person who perhaps came from a lower-class background, who began trading and was able to achieve success, earning millions in the process. Often these stories are heartwarming and inspirational, and teach us that all you really need to succeed is hard work, determination, and perseverance.
The types of stories will also teach us that we have to be extremely focused on our goals, to learn as much as possible every day, and that in the end, all the hard work will eventually pay off. Real-life stories like this are, of course, extremely rare.
There is also another type of story. The story of a professional trader who made millions trading for a few days, then lost everything because they were convinced they had found the ''Holy Grail'', perhaps through some specific Forex strategy — when in fact, they just had beginner's luck.
Unfortunately, is it possible to make 8 monthly returns in forex, we cannot expect the stars to always align in our favour. It's important to understand that random events, like 'luck' are unreliable. Without proper trading principals, trading failure is easy. Looking for a place to start? Learn to trade step-by-step with our educational course Forexfeaturing key insights from professional industry experts. Suppose that you owned a company, what you would do with your own company?
When you decide to start a company, you do not just invest in the first idea you hear about, right? No, a sensible investor shops around first, and considers various options before committing to anything. Once you're running your business, you probably won't just go with the flow of things either. To make your firm operate effectively, you need to plan, set targets, check progress regularly, and set budgets.
The same principles apply to trading. As with fulfilling your life goals, in meeting your Forex goals, you need to really apply yourself, with a great deal of effort, focus, and determination. As Vince Lombardi once said, "the only place success comes before work is in the dictionary". When you Google something like "Forex monthly return", you may stumble into some outlandish is it possible to make 8 monthly returns in forex statements, or claims of people that are supposedly making millions per hour.
Don't forget that with every story of extremely successful and rich traders, there is usually a catch. You might hear a story about a Wall Street trader making 10 million USD a year, and it may even be true. But, what the story may not mention is that the traders manages billions of USD. Those 10 million USD are less than one percent of the total account that the trader manages. Compare that to a 1, USD account, it then amounts to a return of just 10 USD a year!
Before you attempt any form of trading, it is recommended that you do so first within a risk-free trading environment, via a Forex Demo account. This will allow you to try out different strategies, techniques, and timeframes, without putting your capital at risk. Most stories don't make that fact evident — sometimes deliberately — so ordinary people get the wrong impression.
The actual results of this magnitude are very rare. If you doubt the rarity of successful large-scale Wall Street tradesask yourself, how many times you have seen a Wall Street trader publicly display his or her results?
Of course, there are exceptions, but 90 percent of the most successful traders won't share this information, is it possible to make 8 monthly returns in forex, because they simply aren't performing at that level.
There are a lot of traders who believe that a combination of proper capital management and correct strategy application can lead to high returns. But most traders may also sustain considerable losses because they have do not have enough initial capital to get them through to the potential next win. For the majority of professional traders, the average Forex monthly return is between 1 to 10 per cent per month.
Remember: is it possible to make 8 monthly returns in forex won't get anywhere near a return on your investment if you don't put sufficient efforts into educating yourself and learning how to utilise the different types of analytical and high quality trading tools that professional traders use.
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Gain access to excellent additional features such as the correlation matrix - which enables you to compare and contrast various currency pairs, together with other fantastic tools, like the Mini Trader window, which allows you to trade in a smaller window while you continue with your day to day things. About Admiral Markets Admiral Markets is a multi-award winning, globally regulated Forex and CFD broker, offering trading on over 8, financial instruments via the world's most popular trading platforms: MetaTrader 4 and MetaTrader 5.
Start trading today! This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks. More than a broker, Admirals is a financial hub, offering a wide range of financial products and services. We make it possible to approach personal finance through an all-in-one solution for investing, spending, and managing money.
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Back to Reality There are a lot of traders who believe that a combination of proper capital management and correct strategy application can lead to high returns. Trade With MetaTrader Supreme Edition Admiral Markets offers professional traders the ability to significantly enhance their trading experience by boosting the MetaTrader platform with MetaTrader Supreme Edition.
Get all of this and much more by clicking the banner below and starting your Is it possible to make 8 monthly returns in forex download! Admirals An all-in-one solution for spending, investing, and managing your money More than a broker, Admirals is a financial hub, offering a wide range of financial products and services. TOP ARTICLES How to Set Up MetaTrader 5 - Demo a What Is a Forex Stop Out Level?
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, time: 15:10How to Get a 10 Percent Monthly Return Day Trading
It's not important what % you can make in a month. If you can do 20% in a month that's phenomenal. Hell, 5% a month is phenomenal, if you can do it EVERY month. And that's the key. It's no good having a strategy that does % one month and loses it the next. Learn how to 6/12/ · To meet your goal of $ per day, you’d have to earn % of your $20k each month. % is a lot to consistently make for a beginner, but it’s not impossible. However, think about this: in one year, earning only 10% per month, you would more than triple your account. At that point, 10% is over $6K – exceeding your initial goal 7/21/ · It is absurd to think you can average 10% a month. 10% a month compounded is about % a year. 6% a month compounded is a % yearly return. The best traders in the world don't post gains of %, year after year. Maybe shoot for something a little more realistic like %. And like RR said, don't expect steady monthly returns
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