Please take a look around, and feel free to .
What is realistic expectations. That would depends on you. It's not the same for each of us. What be practical for one trader would be unrealistic to another because we have different level of skills and knowledge in forex trading. So we can actually increase those potential to earn well.
You know, this is where greed comes into play and the major area most newbies start failing. Setting a very high goal and profit margin with little investment is just like putting your live fish in the river and expect it to draw other fishes for you to catch. I was discussing with a friend one day who has the intention of coming into Forex when he said that if Forex cannot topple $100 to another $100 profit immediately then he has no interest and that is the mindset of the average man on the street who may want to start trading.A trader should create realistic expectations from forex. For example if I think to make $100 from $50 capital . It is hard to achieve I can put my original amount in high risk . With low amount we can just get low profits. With $1000 it is possible to have $100. So ever try to set your goals according to your capital , skill and market situation.
A trader should create realistic expectations from forex. For example if I think to make $100 from $50 capital . It is hard to achieve I can put my original amount in high risk . With low amount we can just get low profits. With $1000 it is possible to have $100. So ever try to set your goals according to your capital , skill and market situation.
i just had to quote this post because its the best answer to the question asked by the thread starter. Since from your example, $1000 can yield a profit of $100, then it means that it'll really take huge capital to earn very high profits in forex trading. I used to think that $1000 could yield profits of up to $1200.
That's true and you discover that any trader that takes that part of dreaming so big even when he has not slept off will definitely crash out especially if he is new into the system. It is wise enough to get it little by little as tiny drops of water will definitely make an ocean one day provided it is consistent.Sometimes some traders prefer unrealistic expectation for their own benefit, like motivate themselves, but as for me realistic expectation is the best thing we can do, optimize about our future is good but i prefer traders to be realistic also when look at the condition of markets, and don't push yourself too hard.
Yeah, but i prefer to trade as efficient as i can, i mean at the same time i optimize my earning and it doesn't mean it must be like little by little as tiny drops, sometimes i must be agressive sometimes i could be like what you said, all is depend on the condition of the market, and i just trying to be realistic.
For me realistic expectation will going to depend on our situation and trading strategy. The more we know about our strategy the more we know if we can trade long term or not. I do believe that forex trading is the best way we can earn good amount of money. I do hope that in two to three years time we can really earn big amount of money in forex trading. That's the best expectation.