well, i have read many thread but forgive me if i sound sort of disappointing , but i simply can not help it !
i think what you expect from forex is essentially false and impossible ! simple as that !
you expect to gain some profit but let’s take a look at this mathematically.
i am not talking about winning 2 or 20 positions , i am talking about gaining and winning A continuing and constantly percentage of profit . let’s say for example 10 % profit per month that is to say 200 % profit annually !
i am sure many of you guys expecting much more than that but to me even 10 % per month is impossible .
i calculated it all and if you are interested i can prove it to you by numbers and figures .
lets start with this , you have about 20 days working days and you own 1000$ equity .
10 percent of 1000 $ is equal to 100 $ .
to gain 100$ by this equity you have to gain 1000 pips in 20 working days , right ?
well that is to say , you need to gain 50 pips every day continuously.
if you loose this 50 pips today you have to gain 100 pips tomorrow and so on.
well ,people here is the question , honestly , how many traders do you know who can achieve such an amazing performance per month ? i know nobody with this kind of gift!
please don’t start with me by telling about leverage things… cause i have a lot of ideas against that .
once again friends , please correct me if i am wrong , i look forward to it .