income return

[TimeTrade]

Hi out there,

what is a realistic percentage for income return per day?
I have read of a guy who wanted to achieve 2.7% every day. He didn't got it, but made 70.000 out of his 1000 in a year.
I think 2.7% is exaggerated.
I made my plan with about 0.5% a day. Is it still too much?

Have a nice day

 

[jeremylocnguyen]

Risk management

If you can 1% a day, without loss trade, you can made thousand of dollars in 6 months to a year.

 

[TimeTrade]

If you can 1% a day, without loss trade, you can made thousand of dollars in 6 months to a year.

Yes. I mean, I make loss trades also, but in average i calculated with 0,5% a day. I've monitored all my trades for about 2 Months now, and have an average income return of 1,4% per day... I think i had a lucky streak this month, so i've choosen 0,5% for average income return.

Do you think it's realistic?

 

[forexnet]

Realistic example on forex income



Realistic example on forex income ..i made 125 pips on my last trade this week
....pip can equal $0.10 or $1.00 or $10.00 or $100.00 or more depends on your account size...the Sky's the limit ..my advice read recommended books on forex.

Best to start with a micro account where pips are .10 cent each and by the time you are able to master a micro account a $1.00 per pip size trade $10.00 per pip size trade or more will be easy and you will have mastered forex. This will cause you to have vision.

Books on forex
Essentials of Foreign Exchange Trading by James Chen
Complete Guide to Currency Trading and Investing By Jamaine Burrell 2007
Guide to Currency Trading by Gary Tilkin

You can find Books on Forex at this link
amazon.com?%5Fencoding=UTF8&tag=articandtips-20

Some sites offer a free account, cmsfx.com has a free $50 micro account without to deposit any of your own money to just try it.
Though you stumble when you start to walk if you don't give up then you will walk better and better without to stumble anymore
and risk can be anything ..its even risky to walk accross a street. Learning to complete a matter is a great thing.

This post is by forexnet an is not an employee of cmsfx.com... i highly recommend cmsfx.com
May divine intervention be own your side

 

[Pharaoh]

You can even find brokers that let you trade nanolots - 1 pip = 1 cent on USD pairs.

Don't get excited and start counting your profits if you have a great week or a great month. Even the best trader will occasionally hit a brick wall where a bunch of trades go bad. You need at least several months of trading, including some drawdown periods, before you can even begin start to estimate any sort of average monthly rate of return.

 

[FrankyW]

Nanolots? what is their purpose?

 

[JohnSkr]

for me this number is somehow about 0.1-0.2%, though it also depends of what currency pair you are trading

Hi out there,

what is a realistic percentage for income return per day?
I have read of a guy who wanted to achieve 2.7% every day. He didn't got it, but made 70.000 out of his 1000 in a year.
I think 2.7% is exaggerated.
I made my plan with about 0.5% a day. Is it still too much?

Have a nice day

 

[Pharaoh]

Nanolots? what is their purpose?

They let you trade live with very little risk. You can't make a huge amount, but you can't lose a huge amount either. Bad brokers will still play games against you in these accounts, since they care about money in all sizes.

 

[Stanly]

They let you trade live with very little risk. You can't make a huge amount, but you can't lose a huge amount either. Bad brokers will still play games against you in these accounts, since they care about money in all sizes.

what you mean "to play games against" ? you are talking about some sort of scam brokers??

 

[Johnny2pips]

Where have you been? Forex trading is all about Putting real money in and then transferring it to Monopoly money. You win big time and then you have big time "Monopoly" money.