looks great so far, but you've only got 2 weeks worth of results there.....so can't really call it a 'reasonable monthly return you can count on'.

if you had 2 years+ worth of history then I would be inclined to say you may be able to count on your monthly return....but after 2 weeks? getting a bit ahead of yourself there matey

Best of luck though, looks very promising so far.

Also, 64% a month IS a get rich quick method!!!

Yeah I knew what you meant

Seems most people on here think that forex is only worth the effort if you can double your bank every week!!!

64% a month consistently would be a dream come true.

£1,000 starting bank

After just 12 months you would be sitting on £378,552.

After 24 months you would be sitting on £143,302,033.

I would say that is a bit more than 'reasonable'

Good luck!

I'll stick with my ambition of a paltry 5% a month

I will be happy with 40% at the end of the year......................

jad42 posted:
    I will be happy with 40% at the end of the year......................


Definitely!

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

Hi Definitely,
yes i am completaly agree with you.

Most peaple think of a quick and easy way to make milions on forex (also because there are a lot of ADV around the web who promote forex as easy and quick way to make hugh money just from home) Forex needs a lot of patiance to get consistance returns and peaple usually don't like to wait. I remember the song of Queen - I want it all, I want it now! :)