It is right that expectations are based on the capital you are investing, the skill and the knowledge you have and the time you are giving at trading. But because of some uncertainty there would be some change at expectations.
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It is right that expectations are based on the capital you are investing, the skill and the knowledge you have and the time you are giving at trading. But because of some uncertainty there would be some change at expectations.
Yeah thats right. Likeaiming at perhaps making 30percent pf your initial capital is pretty cool because thats much more possible than I do see some people who are aiming at making 200percent of their initial capital which sounds unrealistic. When we have an unrealistic expectation it often leads to going in searche for so called "powerful money making strategies"
Yes, making 30% daily is realistic expectation. But I think that making 100% daily is also realistic. I am saying this on the basis of some calculation. Example: if I am investing $10, if I am using the leverage of 1:500, then i can trade upto 5000 bucks. So isn't it quite easy to earn just 20 bucks a day.? Yes, there is risk. But if there is confidence and knowledge about trade, then profit can be made. If not then we will even make loss at simple trade. I have done this sometimes.
You think that easy. Well, if you have to trade with leverage then you will have to be in when they maket will be going up and up because just a bit back wards can drain down the money because when you are trading with leverage you positions are quite exposed to risk and when it happens it happens fast like a lighten.
Yes, i agree with you. Using the leverage increases the risk factor very much. And 1 pip loss can be a huge amount of loss. So it is always preferred to use leverage at only up rise market.
Yeah you are right, when someone makes use of leverage mostly higher amount of it a pips backward could be equivalent to 20 pips loss and that will make it more faster on lossing. Therefore we should have our expectations within the range of our capital, knowledge and skills.
if I am being asked I will even say that the leverage should be more beneficiary to the scalper traders because they do take advantage of the market volatile time and the trade based on seconds so they can have a great benefits but their expectation are usual on small amount.Yes, it is true. Everyone should make expectations according his range of capital, knowledge and skills. It keeps you risk free most of the time. Leverage should be used when it the market is low and is going upward.
if I am being asked I will even say that the leverage should be more beneficiary to the scalper traders because they do take advantage of the market volatile time and the trade based on seconds so they can have a great benefits but their expectation are usual on small amount.
Well, it is true. But I don't think that there is any harm if any trader is using leverage anytime not only while scalping. Anybody can take advantage of it.
I agree with you. When a trader is patient, the trader is going to achieve what he or she wants. If that expectation is not set to be a very high one and the trader is not being greedy, he or she will get it with a matter of time.Success in forex trading depends on trading strategy, patience, mind control and dedication. While trading strategy can be fine tuned or created within weeks, the rest of the virtues can be attained only through determination. It may takes several months to become a disciplined trader. Only a handful of traders survive the initial period of frustration and disappointment. Even less make little profits. Beginners should not expect huge profits straight away from forex trading. Such expectations would only put additional stress on them. It is better to concentrate on consistency in making profits. That will only allow a trader to build the capital.