Competitive profit
The most frequently asked question of beginner traders is "How much money can I make?" Surely, the more you invest, the more you are able to win. Let's assume you want to invest only $100 per trade and you adjusted your profit goal to $100, too. Now you can make at least 10 trades, because only if all 10 trades are losers you'll lose the $1,000 you are willing to risk. I don't want to become too mathematical, but statistics says that the probability of having 10 losing trades in a row is less than 1%. Therefore it's highly likely that you will have a couple of winners within the 10 trades. If your trading system shows at least 60% winning percentage performance, you should make $200: 4 losing trades * $100 = -$400 + 6 winning trades * $100 = $600. Seems to be not bad? For comparison, average monthly salary in many European countries starts with a sum equal to 225$.
The most frequently asked question of beginner traders is "How much money can I make?" Surely, the more you invest, the more you are able to win. Let's assume you want to invest only $100 per trade and you adjusted your profit goal to $100, too. Now you can make at least 10 trades, because only if all 10 trades are losers you'll lose the $1,000 you are willing to risk. I don't want to become too mathematical, but statistics says that the probability of having 10 losing trades in a row is less than 1%. Therefore it's highly likely that you will have a couple of winners within the 10 trades. If your trading system shows at least 60% winning percentage performance, you should make $200: 4 losing trades * $100 = -$400 + 6 winning trades * $100 = $600. Seems to be not bad? For comparison, average monthly salary in many European countries starts with a sum equal to 225$.