Over 4 years ago, I read a story of a China school teacher turning his usd250 (cannot remember exact amount) to over usd200k (maybe usd300k) in just under 2 months. When the school teacher ask for withdrawal, the broker flew a representative to personally present the cheque to that gentleman in China.
If you check trading accounts of some competitors in various competitions who traded normally with some reasonably good money management, you will see that they do make over 100% profits in less than a month of trading.....not enough to win competitions because of other competitors using high volume & speed EA/Robots (also adequately shown in the current running competition here) which are not be allowed to be used on real live account, but which can and are being achieved regularly in the real trading world.
So, YES, 900% profits in 4 weeks of trading is not only possible, but are being done all the time. The big danger in such high profit achievement is in becoming over-confident & cocky, placing one too many large size trades and believing he/she cannot lose and then, in matter of minutes, wipe out the entire trading account when market suddenly move against the trades.
Just have patience, practice good money management, spend time in keeping up-to-date on market movements & sentiments, and be satisfied with smaller profits on a regular basis. Over time, your trading account will grow to a size whereby you can easily make sufficient profits to support both yourself and your family.
with high risk u always need luck to be on your side thts why good traders depend on money management when luck is against them everyone trades good almost 60% of profitable trades what differs from profession and greed is the experience of the utilization of trade thts why moneymanagement is more important
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Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
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