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Beginners Targets 2020.

Marketmultitool
Jan 01 2020 at 17:14
69 posts
Welcome to 2020 Traders

Some targets/goals that you could achieve in the year ahead and make your account more profitable or at least stop bad habits.

What is a realistic % gain for a new account ,how about starting with break even for those that are struggling

20% in your first year is an amazing achievement but as we know most new traders want to get rich fast
 
Risking huge amounts of capital to be right
 
If you want to make money you have to think long term steady returns with low risk
 
This is a business not a game

What is your goals for 2020 ,make them realistic and stick to them.
Strength and honor.
Pahlawan Trader (Nasrul_Swing)
Jan 02 2020 at 06:38
140 posts
I want to be top signals at MQL5 for 2020 with my own developed EAs.
Things that make me different from others:
1. Trade with stop loss.
2. Wise money manangement.
Jaga Modal & Kekal Profit Selalu.
Adribaasmet
Jan 02 2020 at 11:00
994 posts
Beginners target will be same as always; learning & working on own trading skill. I don’t see any different scenario here!
Marketmultitool
Jan 02 2020 at 12:05
69 posts
Nasrul_Swing posted:
I want to be top signals at MQL5 for 2020 with my own developed EAs.
Things that make me different from others:
1. Trade with stop loss.
2. Wise money manangement.

That certainly would make you unique
Strength and honor.
Adribaasmet
Jan 02 2020 at 20:20
994 posts
Nasrul_Swing posted:
I want to be top signals at MQL5 for 2020 with my own developed EAs.
Things that make me different from others:
1. Trade with stop loss.
2. Wise money manangement.

All the best! Let me follow your activities! Have a good day!
Pahlawan Trader (Nasrul_Swing)
Jan 03 2020 at 09:12
140 posts
@Adribaasmet thanks, bro. I hope all of us will have beauty profits this year onwards.
Jaga Modal & Kekal Profit Selalu.
Ezzy (ezzy_xo)
Jan 05 2020 at 14:30
7 posts
Marketmultitool posted:
Welcome to 2020 Traders

Some targets/goals that you could achieve in the year ahead and make your account more profitable or at least stop bad habits.

What is a realistic % gain for a new account ,how about starting with break even for those that are struggling

20% in your first year is an amazing achievement but as we know most new traders want to get rich fast
 
Risking huge amounts of capital to be right
 
If you want to make money you have to think long term steady returns with low risk
 
This is a business not a game

What is your goals for 2020 ,make them realistic and stick to them.

2020 goals :
1) Repeat my 2019 gains or more
2) Maintain/reduce draw-down even further
Success isn’t always about greatness. It’s about consistency. Consistent hard work leads to success. Greatness will come
ForexViking69 (ForexViking69)
Jan 07 2020 at 12:03
42 posts
I'm just upping capital. Got 3-5% a month going into compounding. EURUSD has been a blessing to trade long term and just trading this big reversal of a downtrend that happened in 2018. For newbies I would say just keep trying to be consistently profitable :)
Marraby
Jan 07 2020 at 14:48
48 posts
It seems to me that the main goal of a trader, no matter what year the stable earnings should become, is based on knowledge about the market and its peculiarities. As a rule, a competent approach calculates the expected profit, which can be achieved with the available capital and the strategy you use today. It matters how much time you trade per day or week, because this can make your performance even more accurate. It seems to me that all Forex is primarily about mathematics. And the better you understand its basic principles and laws, the more likely it is that you can reach a higher level and earn as much as you like.
Laige
Jan 07 2020 at 14:50
25 posts
This year I would like to become a more successful and efficient trader, who in all circumstances achieves his goals. Actually, it is not that easy, considering the amount of emotions and forces trading takes. But on the other hand, it is thanks to this that you can radically change your life and become the professional, on which others are equal. I have already collected several new strategies in my list that are supposed to justify themselves and I am going to test them in practice in order to make a more accurate and thought-out plan of action for the whole year and start trading on a more serious level.
Anayallador
Jan 07 2020 at 15:01
26 posts
I agree that every newcomer has only one main goal: to understand what the market is and how to work with it. Everything else, including capital calculation, study of strategies, selection of trading charts and other things are secondary factors. Because there is no point in going deeper into the question if you don't understand its basics. Therefore, I would like to wish every beginner understanding and quick adaptation in the market. Because it depends on it whether you can become a real trader.
Marketmultitool
Jan 07 2020 at 16:46
69 posts
Laige posted:
This year I would like to become a more successful and efficient trader, who in all circumstances achieves his goals. Actually, it is not that easy, considering the amount of emotions and forces trading takes. But on the other hand, it is thanks to this that you can radically change your life and become the professional, on which others are equal. I have already collected several new strategies in my list that are supposed to justify themselves and I am going to test them in practice in order to make a more accurate and thought-out plan of action for the whole year and start trading on a more serious level.

Setting a limit on the amount of trades we place in a day helps with controlling emotion or if we cut down risk with each trade 3%,1.5,0.75, emotion is telling us that we are not in the right mindset or risking too much ,emotion can be an asset sometimes especially for contra traders ,you should feel relaxed about each trade ,stop loss is there for a reason.
Strength and honor.
JaniceLiu
Jan 09 2020 at 03:39
17 posts
Anayallador posted:
I agree that every newcomer has only one main goal: to understand what the market is and how to work with it. Everything else, including capital calculation, study of strategies, selection of trading charts and other things are secondary factors. Because there is no point in going deeper into the question if you don't understand its basics. Therefore, I would like to wish every beginner understanding and quick adaptation in the market. Because it depends on it whether you can become a real trader.

Every newcomer could set a goal which indicates the specific percentage of growth rate they want to achieve , that would be more realistic.
Treeny
Jan 11 2020 at 20:19
211 posts
Any profit is a good target...
Professional4X
Jan 12 2020 at 20:25
1189 posts
Marketmultitool posted:
Welcome to 2020 Traders
Some targets/goals that you could achieve in the year ahead and make your account more profitable or at least stop bad habits.
What is a realistic % gain for a new account ,how about starting with break even for those that are struggling

Experienced retail Forex traders understand that it's impossible to guarantee a specific profit level per month.

A flat 2% return per month is 24% per year.

If an investor has a balance of $400,000.00, this would generate an annual ROI of $96,000.00 USD.
$96,000.00 / 12 months = $8,000.00 averaged monthly profits

In cities such as New York, Seattle, London where the cost of living is quite expensive, if you have an income of $8,000.00 Per month you can live a very comfortable lifestyle.


Marketmultitool posted:
20% in your first year is an amazing achievement but as we know most new traders want to get rich fast
Risking huge amounts of capital to be right
If you want to make money you have to think long term steady returns with low risk
This is a business not a game
What is your goals for 2020 ,make them realistic and stick to them.


New traders are encouraged to focus on RISK MANAGEMENT before worrying about the % returns.

Focus on risk management and developing a consistently profitable strategy before working about how you're going to spend the money.


If it looks too good to be true, it's probably a scam! Let the buyer beware.
jaredtaylor
Feb 04 2020 at 11:13
50 posts
Treeny posted:
Any profit is a good target...
Right and it is important to set realistic profit targets.
Marketmultitool
Feb 04 2020 at 13:41
69 posts
Professional4X posted:
Marketmultitool posted:
Welcome to 2020 Traders
Some targets/goals that you could achieve in the year ahead and make your account more profitable or at least stop bad habits.
What is a realistic % gain for a new account ,how about starting with break even for those that are struggling

Experienced retail Forex traders understand that it's impossible to guarantee a specific profit level per month.

A flat 2% return per month is 24% per year.

If an investor has a balance of $400,000.00, this would generate an annual ROI of $96,000.00 USD.
$96,000.00 / 12 months = $8,000.00 averaged monthly profits

In cities such as New York, Seattle, London where the cost of living is quite expensive, if you have an income of $8,000.00 Per month you can live a very comfortable lifestyle.


Marketmultitool posted:
20% in your first year is an amazing achievement but as we know most new traders want to get rich fast
Risking huge amounts of capital to be right
If you want to make money you have to think long term steady returns with low risk
This is a business not a game
What is your goals for 2020 ,make them realistic and stick to them.


New traders are encouraged to focus on RISK MANAGEMENT before worrying about the % returns.

Focus on risk management and developing a consistently profitable strategy before working about how you're going to spend the money.



Consistency is not necessary
Strength and honor.
Miralas
Feb 07 2020 at 14:03
19 posts
That was discussed so often... The main goal each person should follow is becomming better, including learning how to manage money. That's maybe traders' number 1 problem, as people try to manage earnings, not deposit at all. Including using correct stop-loss lines and managing money correctly. I think that's the goal for 2020.
Akos (Akos53435627)
Feb 14 2020 at 09:56
10 posts
In order to start making a profit, you need time, and make some efforts in studying the market to try out various strategies.
Jonee (joneedeleon71180)
Feb 15 2020 at 10:49
1 posts
Hi everyone. Does anyone know a solid profitable strategy in trading Daily charts with Forex majors? Any help would be appreciated. thanks a lot guys!
Consistency is Key!
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