Hi ria_rose. Unfortunately No, I think 5% is the best odds for success the FX market will offer most traders.
Some traders are definitely making a living, some a small amount to supplement their income… but most are on the FX merry go round… Profit $50 this week, lose $60.00 next week, profit $25.00 the following week… so on and so on. Consistency is what the grail quest is all about…
I trade the daily charts, the 4 hour charts and even have bots that trade the tick charts with some success. It is a constant battle to stay profitable…it’s not like a job where you know you’ll get your $1000 on Friday. Some weeks are very profitable other weeks are break even. It took longer than I expected to move my accounts forward…
Once you start on a Demo account (please start on a Demo…), the thread will make much more sense.
Don’t be afraid to ask questions on these forums… if you don’t get an acceptable answer, search until you do. BP is a good starting point, but real information needs to be found elsewhere on the internet… information and knowledge is everything.