What is a realistic percentage gain to aim for either per day or week or month ?
It depends purely on your strategy. If you don’t yet have one, then the return on your account capital has to be a pure guess. when finding a first strategy, I would recommend something which is simple to understand and run, with objective features to look for on the chart, and on a time-frame which allows you ample time to find them and implement the trades.
My answer to that is dont limit yourself. The sky is the limit if you are serious. The screenshot here is what I did on my account today and I was on the road practically all day today. Get out your calculator and do the math.
I just want to reinforce the point I made above. The power is in your hands to achieve. The gurus will say a lot of things but you rarely see them show ANYTHING which could hint at their alleged competence. I know it will annoy a lot of them but here is more of what is possible by thinking OUTSIDE of the proverbial box. The blue line is where I left off yesterday.
At 7:30 a.m. my time in the US there will be a news announcement which I would have loved to trade but unfortunately I dont think I will be inside the house at that time.
The FACT of the matter is that forex trading is nowhere near as difficult as a lot of people make it out to be. But then again they are speaking from their perspective, unlike me who is apparently a mad man, lol.
Hmmm. Are you just starting out?
Cause if so, baby steps might help you ease into trading.
Personally, I’d say realistically, 2-5% gain is something you can already be proud of as a beginner.
Yes I am new to this… do you mean 2-5% per day ? If so, at 5% per day I could be a multi-millionaire by this time next year
Yes that sounds like great advice. As I’m just starting out it would have to be a really simple strategy. Best of luck with your portfolio
Yes - I can see that’s a really great return in a very short time. I’m assuming it’s a case of judging when to leave a trade to run with profit, and when to exit before it changes direction. Thanks for posting and good luck with your trading
WOW dude. I thought at first “it’s only $100” then i realised you made 10% in a day. please teach me the way!
Hello!
It varies according to you and how far you’ve come. What is possible is influenced by things like experience, strategy, and market conditions. While experienced traders with solid strategies may aim for higher percentages, novice traders might set more modest goals, like 1% monthly gains.
In the end, it’s a journey that each person takes that develops with knowledge and a trading strategy.
Simply strive to improve upon the previous month, and don’t trust those that claim to be able to get 63% in a single day using my approach.
Best Luck/
Whatever you decide as reasonable, just bear in mind that the vast majority of new traders blow their accounts (and often multiple times) So be careful of bravado talk. Any thought of profit objectives needs to be part of a well-tested trading plan and risk management strategy. That will include serious reflection on your lifestyle and commitment to trading. I trade trends on longer timeframes, as I have other work and other activities in my life. I check my trades once a day for 30 minutes or so and then an hour or more on the weekend looking at the coming week (including checking fundamentals). That suits me. My type of trading has lower returns than those quoted by scalpers and intraday traders. But I expect my returns to continue for longer-term. Best of luck going forward.
That’s a great question that, unfortunately, nobody has a definitive answer. See @THE_GOATE, for instance. I believe he is making 10% per day, which is mind-blowing. On the other hand, I’m a newbie that recently found a strategy that worked. Since the 1st of May, I’ve been making 1% per day on average. It’s a number I’m very happy with, but it’s on a demo account and I decided that I’ll only move to a real account after testing it for at least 2 months.