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.
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 😁
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.
Ostrzeżenie o wysokim ryzyku: handel walutami obcymi wiąże się z wysokim poziomem ryzyka, który może nie być odpowiedni dla wszystkich inwestorów.
Dźwignia stwarza dodatkowe ryzyko i ryzyko straty. Zanim zdecydujesz się na handel walutami, dokładnie przemyśl swoje cele inwestycyjne, poziom doświadczenia i tolerancję ryzyka.
Możesz stracić część lub całość początkowej inwestycji. Nie inwestuj pieniędzy, których nie możesz stracić. Zbadaj ryzyko związane z handlem walutami i zasięgnij porady niezależnego doradcy finansowego lub podatkowego, jeśli masz jakiekolwiek pytania.
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