I will be happy with 40% at the end of the year......................
I think there is a reason why so many people in forex need much bigger numbers. People see it as an 'easy' way to making lots of money. For example, you don't need to go to university for years, you don't need to own your own business, you don't need £1million just to get started, you can do it from home with just your laptop.......and there seems to be people making big bucks from their living room so it all just seems too good to be true. So you inevitably get the 'get rich quick' people running here as fast as you can.
The second problem is that many of these people will not have a great deal of money to invest, but still want huge returns. So the only way their £500 will ever become £1million is if they keep making huge monthly returns.......or so they think.
But that's where most are wrong. They just lack patience. £500 is easily turned into £1million, provided you are consistent and patient. Most people lack both of those! Instead of aiming for 100% a month, just being profitable most months is good enough provided your gains are greater than your losses, you compound your profit and you're happy to realise that it will be years before you can even think of relying on that cash for anything substantial.
I have a career, i spent 6 years at law school, 2 years in compulsory training and now a few years in the job post qualification. I still know relatively little in the grand scheme of things. So why do people think forex can be mastered in a few months???!! ha ha!!
If i'm making any form of consistent profit every month then I'll be happy. I enjoy trading, I don't love/yearn after money, and I don't really care too much if I lose some or don't profit lots.
The day I stop enjoying the trading, I'll stop. I really can't see me ever giving up the day job, but I do envisage forex paying for some nice holidays in the years to come