This is my first post, I’m learning all the indicators through the school, but I was genuinely curious:
If I had a start up capital of 10grand (using the recommended ‘mini lot’ per 5grand), how long would it take me to reach 25grand (I know it’s up to the person but i’m really just looking for a guesstimate).
Does anyone have personal experience with starting at the capital amount of 10grand and earning their way up?
Concentrate on profiting on each trade rather than expecting to double or triple your investment. 10% a month is considered a good return on your investment if you stick to low market exposure. Im my opinion your total exposure should not exceed 50,000 units or 0.50 lots
15% - 20% is very high, hedge fund managers don’t make that much. You can only reach 20% return a month with high exposure, which means higher risk. If you expose most of your investment into the market than you can earn 20% a week, never mind a month but the risk is too high, at least for me
check your math, with 20% a month you 2.5 your money in 5 months. by 2.5 I mean go from 10,000 to 25,000.
and with 15% a month you reach 25,000 in between 6 and 7 months.
Regardless I agree with MikeHeart,
don’t worry about doubling or whatnot you money ever.
Just worry about not LOSING money. Once you can trade and not lose money, then making your money grow will be a realistic goal.