Beginners Targets 2020.

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.

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.

Beginners target will be same as always; learning & working on own trading skill. I don’t see any different scenario here!

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

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!

@Adribaasmet thanks, bro. I hope all of us will have beauty profits this year onwards.

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

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 :)

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.

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.

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.

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.

Any profit is a good target...

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.

Treeny posted:
Any profit is a good target...

Right and it is important to set realistic profit targets.

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

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.

In order to start making a profit, you need time, and make some efforts in studying the market to try out various strategies.

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!