Trading for a living is all about being realistic but most Forex traders fall into the trap of having unrealistic expectations
Here's some perspective...
This subject and many others are covered in more detail in the FREE Forex Guide available at Forex Useful - http://forexuseful.com/new/members/21812-forex-guide/
1. Trading For A Living
Trading for a living is all about being realistic but
most Forex traders fall into the trap of having
unrealistic expectations
Here's some perspective...
2. Warren Buffet and Anthony
Bolton over many years averaged
an annual return of around 20%
Most Hedge Fund managers
would be happy to consistently
make 10% a year
Some Perspective...
3. The average monthly income for a family in the UK
is around £2,500 a month
£2,500 is therefore a
REALISTIC monthly return to aim for
Some More Perspective...
4. Risking a sensible 1% or 2% per trade most experienced
short term home based Forex traders should be more
than happy to make a CONSISTENT 5% A MONTH
Experienced Short Term Traders...
To make £2,500 a month when making a
CONSISTENT 5% A MONTH you would need
a £50,000 account
£2,500 a
month
At 5% a month
realistically
requires....
A £50,000
account
5. How much do you want to make a month?
£2,500 (X)
What consistent return do you think you can make
a month?
5% (Y)
What size of account do you need?
Z
The Maths Are Simple...
X / Y = Z
£2,500 / 5% = £50,000
6. Produced by
Many Forex traders fail because they have
UNREALISTIC expectations largely due to
unregulated Sales copy / Landing page claims
Don’t be one of them!
These simple maths help keep things real...
Don’t ignore them
Trading For A Living