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 :)
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.
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.
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.