I see that lately investments are becoming the best way to make money. I was a little surprised that you can get 10% of your investments every month without knowing how to trade. It's interesting to know what you think about that.
I would be skeptical to give my money to someone who promises 10% every month. That would probably be a high-risk strategy with too big a risk to blow after a few months. I'd rather give my money to someone who doesn't give any guarantees and can provide a decent track history.
Ask, and you will receive; seek, and you will find; knock, and it will be opened to you.
It usually depends on your experience, daily research and analysis before trading, and a thorough understanding of the market. If you make a profit one day, there is a chance you will not be able to make a profit the next day.
For most forex traders and investors, an average monthly return of 5% is an acceptable option for passive income, where you can afford to withdraw some of the profits and accumulate compound interest. The math is that if you invest $10,000 in a fund with a 5% return, you'll get your $500 in a month. Not bad, really. Moreover, it does not require any effort.
Adamandeve posted: I would be skeptical to give my money to someone who promises 10% every month. That would probably be a high-risk strategy with too big a risk to blow after a few months. I'd rather give my money to someone who doesn't give any guarantees and can provide a decent track history.
So agree with you, skeptical attitude is a must element of good investing. 10% / month is too good to be true if it can be achieved in long term. For high risk gamblers… well why don’t we try someone with 300% return this month, it is possible to find some of that lucky men 😁
An exact amount cannot be said as every trader’s goals and capital is different. As a trader, you should focus on developing your skills and learning rather than thinking about making money. Only your efforts are important. Market elements such as volatility, your trading strategy, risk management, counterparty risks, and so on all play a role in determining your forex trading profitability.
I can say that 5% per month is okay and good if it can be achieved long term without high drawdowns. Because 5% per month means around 60% per year which usually even the top hedge funds of the world like BlackRock and Renaissance struggle to achieve all the time.
So if anyone can make more than 5% per month consistently for 2 to 3 years with low drawdowns, then he can open hedge fund and compete with the top hedge funds of the world in no time:))
It's very much common sense to understand and so please do some search before investing in false promises since most of the newly established forex brokers offer such high return Ponzi schemes using PAMM/MAM accounts and accumulate enough investor funds and wipe out the balance in no time once sufficient funds are accumulated from investors. There are numerous examples in the past in myfxbook itself.
Income in forex trading is determined by a trader’s abilities, experience, psychology, the manner in which a trader analyses the market, as well as their knowledge. Trading in the Forex market can provide a profitable income, but you must be aware that you must educate yourself thoroughly before beginning to trade. Trading is more than just making or losing money; you must be committed to your studies.
Whitethroat posted: I see that lately investments are becoming the best way to make money. I was a little surprised that you can get 10% of your investments every month without knowing how to trade. It's interesting to know what you think about that.
There isn’t a fixed income for every trader. Forex trading isn’t like a regular 9-5 job that pays you a fixed salary. Here your gains are the results of your skills, knowledge, and your trade selection. Don’t be concerned about how much you can make, focus on developing skills and gaining expertise.
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