Shalirad
Corporal
- Messages
- 133
It depends on the amount of money you need for a living and your trading results.
Experienced traders can expect to make about 5% per month. If you are just starting your way in trading, the first thing you should think about is not to lose your money. That is the main principle which a newbie should follow. You should start with learning and practice and postpone the idea of making decent profits right away. Here you'll test your motivation and psychology because of the fact that you'll trade without any profits. In the best-case scenario, you can think of making 2-3% each month after a year of trading.
The second thing you need to include into calculations is how much it costs you to live a normal life. The figures are pretty different in different countries. So, you'd better calculate your expenses and figure out how much money you need every month.
After it, you can do the multiplications and see the final result.
Experienced traders can expect to make about 5% per month. If you are just starting your way in trading, the first thing you should think about is not to lose your money. That is the main principle which a newbie should follow. You should start with learning and practice and postpone the idea of making decent profits right away. Here you'll test your motivation and psychology because of the fact that you'll trade without any profits. In the best-case scenario, you can think of making 2-3% each month after a year of trading.
The second thing you need to include into calculations is how much it costs you to live a normal life. The figures are pretty different in different countries. So, you'd better calculate your expenses and figure out how much money you need every month.
After it, you can do the multiplications and see the final result.