We need to see how much money we can get from our fixed term bank deposits and anything above that can be acceptable option and 8% in forex trading plus compounding effects every month can have optimal results in the long term.
8% a month is what 80points a year. amazing results if you actually got it
8% a month is 150% a year.
my mistake
Sorry to be pedantic - but if you get 8% and revalue your stakes only monthly - the return is not 96% - it’s 152% - so at the end of teh year your A/c is 2.5 times what it was at the start.
Cool return but the one thing we know about backtesting is that the results NEVER translate into real events - Spreads commisssions and “Interest” will see to that !
apologies - I posted my reply before I read the entire thread
[Edit - ditto @chesterjohn & @maria_fp ]
Just revaluing the stake every month - if you revalue after evry bet - it would be significantly higher still & has the added advantage that as your account goes down - so do your stakes - so you will take longer to go bust !