How much you want to make? Minimum capital base $1000
How does knowing the answer to this query help you in the long term?Originally Posted by ;
depends..on your risk toleranceOriginally Posted by ;
remember you can also make zero.
Personally, I'd be pleased with a 10 percent growth of my account in the end of the month. An individual can certainly profit more, however, this means taking more risks.
-this is the trap that is traditional.
My dream would be 15 percent pa.
I would be quite pleased with 10 percent pa.
I anticipate gt;5% pa.
...1/12th of the per month I figure... Is that right? There is 12 months in a year right?
5 percent p.a is too low nevertheless may be okay if your working capital overly big. However 5 percent per month to 10% permonth range ought to be okay. Yes @mlawson71 quote more profit imply more risks.Originally Posted by ;
I really don't have a goal in your mind. Trading is an issue of a convenient opportunity to me one month I might earn 1 percent of my account, the next the profit might be 20 percent, even 50%. It depends upon the market and my capacity to notice favourable trading conditions.
I really don't know what is a realistic target for me personally in relation to trading, I have an account balance of $1,200 exactly what sort of monthly yield can I get on my investment?
Very small. To exchange forex comfortably, you should begin with at least $5000, anything below that isn't worth it in my view. With low capital, you have to go with higher leverage that leaves you exposed to large losses because each loss is magnified by the margin rate, or you can only trade in what is called microlots llike $1000-size. On a normal lot of 100K, a pip is about $10. On a microlot of 1000-size, a pip is only 10 * (1000 / / 100000) = 0.10. $10 pip is $100 on a normal lot but is only $1 on a microlot so you do the math how much would be your monthly return if you exchange $1200 assuming you have all winners without any losses.Originally Posted by ;
I dont know what you can expect... what egy do you use? What cash management do you use? What entrance rules have you got? What depart principles have you got? What experience have you got? What is your win percentage? What is your draw down percent? What is your risk reward per trade (generally )Originally Posted by ;
when you have no idea on any one of them, then you can expect your return to be -X% per month. Where x represents any number you need to put in there.
Until you've traded for a while, you will not be profitable, you may get lucky and win big on your very first trade, but I will guarantee you will blow off your account (or at least blow the winnings)
Why? As this is a company. No business survives with no plan. In addition to that, millionaire traders blow their accounts before making their countless... I only know of a few not having lost over 50% of their account. .
Invest the 1200 in learning the market, do not expect to create ANYTHING until you fully comprehend the trading conditions- both market terms, and also your trading conditions...