RainbowDemon:
Hello folks.
I have learned about Forex a month ago and have been studying the content of the School of Pipsology since.
Right now I’m daydreaming about quiting my job and making a living as a trader someday, but I’m aware it’s no easy achievement.
I have an initial capital of US$ 10.000,00, and I can add US$ 300,00 to my account every month.
My dream scenario is to make my account worth more than US$ 100.000,00, and earn US$ 5.000,00 per month average, within 3 years of trading in Forex. That would require a profit of 5,5% per month in average.
With those numbers, I’d be able to fulfill my goal of changing professions.
The thing is, I don’t know if I got my head too high above the clouds. Is this goal achievable with prudent investment or would it take too much of a risky approach?
I hope you can help me with this one, since I want the development of my profile as a trader to be hand in hand with a realistic goal.
Thanks in advance.
Everything is ok with calculations but the hardest thing is to put it into practice. that will take long time, patience, diligence and handwork. 99% lose or retreat from this idea as it becomes a life challenges that changes you completely, your mind.
Everything is ok with calculations but the hardest thing is to put it into practice. that will take long time, patience, diligence and handwork. 99% lose or retreat from this idea as it becomes a life challenges that changes you completely, your mind.
Is this some spiritual answer - your mind, body and soul?
There should be a thread on here about how to answer questions objectively.