With all your hard earned time and practice what profits have you guys had ever since your initial investment on opening your accounts. I’m asking this so I can get a perspective on the possibilities and different ranges of profitability based on analysis and experience. Thanks have a nice day.
-ForeX Capitalist
I think you’ll find that the range will be so wide as to be unusable as a benchmark.
Not only will experience (amount of time trading) come into play, but so will the specific strategy, pairs traded, time frame, percentage of account risked, amount of time spent trading per day, etc. Even the session a person trades during can make a huge difference in returns.
Here’s an example of something that can affect your bottom line in a big way:
http://forums.babypips.com/analyst-arena/8118-importance-risk-reward-ratio.html
Terry
Yeah I’ve been studying risk/reward ratios so i dont aimlessly randomly place trades hoping that it will hit my limit sell. I learned not to “gamble” cuz i can do that in vegas. Im just trying to hone in my skills so i can be adept in a style of trading thats comfortable for me.
thanks for the input
i like seeing other strategies so i can implement and compare it to my own.
-ForeX Capitalist
I think we should be careful when we are making any studies like that. The range in such risky trading is so wide that sometimes it becomes difficult for the researchers to find the net range.
Well I do not think there would be any difficulty in finding the profit range in such researches. If you are focused and systematic in your approach then things become easy to work out.
Indeed develop a plan stick to it if something fails find out what it is and modify and fix accordingly and things do work out easily.
-ForeX Capitalist