Michihito posted: Profit does not come from expectation. It is all about your knowledge, skills and capabilities. Everyone is different in terms of skills. Focus on developing skills and do not compare with others.
True. Don’t take trading decision by influence of other. It is way to better to make mistake on your own and learn from your mistake.
It all depends upon how skilled you are at forex trading. Skills and learning is the major key to get through forex trading. You can earn 100% returns on a trade with a proper trading plan. Focus on your learning and not imitate the trading strategies of someone else, make your own always.
Before start trading on a real account, you must learn Forex and start trading with a demo account for at least three months. After practicing on a demo account you can invest your money and start making a profit but at the beginning of your trade always start with a low amount and you can make little profit but when you feel that now you are perfect with trading you can invest more amount and can make a good profit.
I think changing your thinking on how to consistently make a profit would be beneficial for you because there is no limit of money you can make with trading. The learning aspect of trading is very crucial; it is the only catch in trading that sometimes to become overnight rich it can take a lifetime. Everyone has a different mental ability and learning curve. Newbies are crushed in the markets because they are ‘new’ in the market. A person who has already traded on demo accounts and micro accounts would not be overwhelmed by a small terminal on the screen which is either MT4 or MT5 or any proprietary trading platform provided by brokers such as Fxview, Xm, XTB etc. because he has gained experience and made his own strategy. He will not be considered as a newbie because he knows the how’s and why’s of the market. So don’t think how much you can earn but rather how much you can learn about trading itself.
If you have proper knowledge and skills you can expect a decent profit from trading but make sure you aren’t focusing on profit only, trade patiently with well defined strategies you will earn good profit.
A business consists of both loss and profit. Without the combination of both two it is never be a business. We cann’t imagine a business without loss. As a business loss is also available in Forex market. Currencies of different countries are the main ingredient of this business. It is the best way of learning Forex is to take lesson from each and every mistakes which I always follow.
Michihito posted: A business consists of both loss and profit. Without the combination of both two it is never be a business. We cann’t imagine a business without loss. As a business loss is also available in Forex market. Currencies of different countries are the main ingredient of this business. It is the best way of learning Forex is to take lesson from each and every mistakes which I always follow.
Right. There is no gain without risk of losing money. It is one the best online earning sources nowadays.
Theres no specific monthly return in forex. I think the capital used in trading affects the amount of profits made in a month. The exchange value of the stock market also affects the profits that can be made in a month.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.