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Originally Posted by mytwopips
Just an update to any who follow.
One thing that has been eating at me is the talk on another forum saying 20% a year is the best to hope for in Forex. Shiiizzts, if my goal was just that, I would just diversify through a bunch of ETF's and leave this high risk market alone. I expect(hope) to do better than that.
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Definitely .. and from what I can see those who preservere and learn to do this can reap really large rewards .. 20% growth is for the stock market, many people I know say that 20% or better per month is more normal for forex and some seem to make a lot more than that! I would assume that proportionately you make more when account size is smaller, as it grows, so does risk if you keep raising position sizes. For me, once I get my account to around $25k I would assume I could generate enough monthly money from that to live well and maintain the account at that level. Just me, but I would not want to have $100k or $200k or more under management in Forex, trading 10,20,30 lots at a time. Yikes
But who knows how I might feel about it in a couple of years
Just hope I never get greedy.
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My track record so far is much much better. Yet again, it was just pidly micro money. Well here goes.
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Great! Do you have posted anyplace what methods you use? Also with which broker did you have your micro account and did you like them? What sort of returns did you get & how long trading?