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.
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.