How to plan your goal at Forex market

Beginner Questions
1

Hello traders,
i have wrote an article about How to setup your goal at forex market, i think that can help you, because you will see, that you don’t need to make 100% monthly to be really wealthy :wink:

how to plan your goal

IF you have any question, feel free to write it here, i will try to answer as soon as possible :wink:

2
  1. trade 1 trade a day
  • trade quality, setup your [B][I]RISK:PROFIT ratio to 2:1, [/I][/B]make 1 trade a day with 50% profit, it will bring you 10 profitable trades and 10 unprofitable → 10% monhtly

Why would i ever really want to have a trade that risks twice as much as my profit?? especially if these are supposed to be quality set ups? also you have to realize if you trade 1 trade a day yes percentage wise you will get 10 profitable 10 unprofitable. but that’s over long term assuming you have hundreds of thousands or millions of trading days (trades) or more. With a sizable losing streak that any trader would have you may wipe out your account before then. I really hope you just mixed up your wording or something because personally i would never follow this plan. This is not meant to be a flame, it is just my humble opinion.

3

Sorry … it was mistake :smiley: … i meant RISK:PROFIT 1:2

4

Personaly … i trade 1 trade per week, with TP:SL 2:1 … with 75% success (its one of my strategy)