Hello community members.
I am one of the newest members and looking forward to continue interacting with each other through this forum.
Well , I totally disagree.Yes , there are dreamers out there but who guarantee they will not make millions ? With good money managment , and a good strategy , and with consistent results , yes it is possible to earn 10% or even 50% a month .Dreamers are those who want 1000% per month , but trade with no planing , just buying when is too low and selling when the market is too high.Let's take an example of a very good system and a very good managment of risk.Let's say a trader can get 500 pips a month using just 5% of his/her acc.This is 25% per month , and even if you start with $2.000 , in 3 years you will be a millionaire.You got to dream , this is important , but believe in your dream , and always keep reasonable goals , because step from step , you can achieve what you think it was impossible.
If you are 18 for example and are thinking of making a live of Forex , why not ?
Soon I will invest $2.000 on Forex , and will try to keep my profits reasonable (already have a good plan , just testing it for now) , and will show you that it is possible to make a living from Forex starting from just 2K.As soon as I put the money on the broker (Lite Forex) , I will make a topic , and will keep you monthly updated with my trading results , this way I know there are people watching me so I will try to do my best every month , keeping my profits from 10-50% , always focusing on money managment , and following my strategy.
That's it folks , good night for all in America
great congratulation ...just waiting for the result..and if you don't mind could u share your system with us ?
We'll be looking forward to that!
Many would keep an eye on your trading and your system for sure..
Good luck on you..
Hi you all. I KNOW its possible to do 10-40% in one month, it depends on you the individual and your emotions. If you can stick to a technique that works for you and do not deviate from it you can do anything. Risk management is a very important aspect to a traders plan, without it your going down hill and with a rocketship.
Your aim should be simple "Make Pips, Keep them and repeat. I agree with alot of the statements posted are true, I think to really make it good you need to open your account with USD$20,000 or more. Confidence is not the same as to being cocky.
It is D.I.S.C.I.P.L.I.N.E
the most important is 10 : 3 , 10 win 3 loss and this case can be repeated again and again for a longer time
Put simply, one needs to stick to a system. One musn't chop and change every 5 minutes, how will you ever know what works? This is one of the main issues I notice with a lot of newbies.
Forex for a living will need a "mattress" of money that we could afford to lose, other ways will be something that may lead to a terrible economical and psycological crisis of the person that dared to "play the game" without the coins"