I have a question. Is 3% return per week realistic? can anyone tell me how much can a person’s returns realistically can be?
Let’s turn this around.
Why do you think it is possible to make 3% return per week consistently from fx,?
I wasn’t thinking anything. I just wanted to know what % returns per week i should expect with average risk involved assuming i have 2k in my account
You’re putting the cart before the horse.
We can make assumptions all day and calculate expectations on what your bank account will be in 3, 6, 9, 12 months.
How about you focus on showing up every day, executing your strategy w/ spartan-like-discipline, and letting the assumptions and expectations come to you, in the form of actual returns over a period of time?
Not trying to be cruel, just blunt.
This is a question that has been asked 1 million times, and will be asked 1 million more, and I always give the same advice.
I’ll give you an honest answer, but the time scales will vary depending on how hard you study, how quickly you learn, plus other factors.
Year 1…expect to lose money
Year 2…expect to lose less than in year 1
Year 3…possibly move into profit
All due respect, this type of thinking should be avoided @ all costs.
Rather than expecting ANYTHING, you should enter the world of trading w/ NO EXPECTATIONS.
You have no idea what’s going to be around the corner.
Why not just approach trading w/ an open-mind and as much resilience as possible, and let the pieces fall in place as they may- regardless of a timeline.
Yes, the majority of first-time-traders will most likely end up in the red their first full trading year.
However, maybe you are the minority? Why can’t you be part of eddieb’s analytical groups who -
MAKE 10% YEAR 1
LOSE 25% YEAR 2
AND MAKE 3% YEAR 3
Interesting perspectives. I do not have any forex experience. And i don’t think i will be able to devout the time required to master this art. So i am just going to copy some professional. I wanted to know if people here think I’ll find someone who can give me 3% a week.
Nobody in this world will ‘give’ you 3%/week.
Are there traders who consistently make 3% a week? Most likely, but be realistic they won’t share that with others.
You will have to learn how to trade yourself, and see what you could get (and yes thiss will take years, and thousands of hours study and failure)
Good luck! :23:
3% per week is possible, it is a very reasonable target which you can get if you have a good strategy to follow in your trading.
Strange, I dont recollect saying that.
You cant just start a new business venture with NO expectations at all. Ive started a very successful new business from scratch several years ago and you cant go in with your eyes closed, you must have a business plan and your first 3 years forecasts are an integral part if that, no matter how vague they may be.
Far better to go in with a realistic expectation (and lets face it, almost all fx newcomers will lose money to begin), particularly if you are new to the industry.
In the business I started, I had many years experience and had a good idea of what I needed to do to give me an edge over ny competitors, and I far exceeded my expectations. Had I been a total newcomer this would likely have taken much longer, if indeed I managed to succeed at all.
The bottom line, Frazali, is that while anything is possible, IMHO what you are asking is so unlikely that it is not worth considering and I would be misleading you if I said otherwise. Perhaps in time you may make a decent return, I hope you do, but most fx newcomers quit before that happens
It is realistic. Even 100% per week is realistic. The thing is - it’s not consistent. No matter what you do you [B]will never[/B] have consistent weekly gain.