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It is not possible to get a certain percentage

It is not possible to get a certain percentage of gain per month. Market does not move in the same way everyday. And everyday or every month you won't get similar number of good trades. Thinking about daily percentage and monthly is a spoil to our trading psychology. Trading is about grow your account over time. Trade if you get good set up, otherwise stay out of the market.
 
Fundamental analysis is a method of assessing the intrinsic value of the currency to analyse factors that may affect future prices. It is based on external events and impacts, financial statements and trends in the forex market. Basic analysis is one of the two main methods of market analysis, and the other is technical analysis. Basic traders see factors besides changes in the prices of the assets themselves.
 
Well, usually everything is very approximate and you just try to at least approximate the situation and understand what the future will hold for you.
 
As far as I know, many people manage to estimate their profits and risks accurately enough, it probably starts to turn out better with time, when you have already fully defined the necessary strategies and understand well how to distribute your capital and your time.
 
I've also heard about the fact that many professional traders don't advise to check the profit interest after every month, or worse - after every week. Trading is a long-term business, some month you'll invest more, and earn more, and some month is less. That's okay. But if you check all this every month, it's can be very confusing. Try to look at your interest at least once a quarter, so you'll have a clearer picture of what happens to your profits.
 
What about the statistics?
It's written all over the place to determine how productive you are and to make some more specific plans...
 
What about the statistics?
It's written all over the place to determine how productive you are and to make some more specific plans...
I think plans should be based on your strategy. Focusing on specific targets in a month can make us restless in decision making. It should be like open trade only if your strategy allows you.
 
It's really hard to stick to a fixed percentage. It's true.
But you can at least outline a framework so that you can gradually increase your capital and quietly withdraw profits. At least some of it.
 
If you want to trade, you can't make a profit every day. Every trader has to trade with a goal but that goal is fulfilled only when he tries to trade with patience.
 
Yes market is not always the same. Sometimes it's in uptrend, sometimes in down trend and sometimes it's in a side way market. That's why it's not always possible to achieve same target every month.
 
If you want to do trading, you have to set a monthly target. Profits can be made if you can trade with patience with a monthly goal.
 
If you want to do trading, you have to set a monthly target. Profits can be made if you can trade with patience with a monthly goal.
Yes, a profit target is needed. But many traders have an unrealistic profit target. Profit target should match our skills and experience.
 
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