There are so many people who want to be part of the online forex market because of its high return potential which is several times more than most businesses but unfortunately most people lack proper guidance on on how to harness the return potential in this mega market with unending opportunities. Online forex market cannot be compared with any other market in the world, not even the entire world stock market combined as online forex market is currently exchanging more than $5 trillion dollars per day.
Being a profitable trader is probably the best job on the planet but getting there requires patience and dedication to learn.
We all wants to make money and in online forex most people want nothing but profits; who doesn't ? It is the mention of quick cash that attracts people to online forex and yes it is possible to make a lot of money in this market probably more than in any other market I know of but that does not mean that one should not follow the rules of trading and the right procedure. It is possible in online forex to make 100% return per month, after 3 months, 6 months 1 year e.t.c. It all depends on how much capital one is willing to commit per trade so as to make 100% return e.g after 1 month or after 1 year. More aggressive traders usually go for short-term gains while more risk averse chose the long-term approach. Let me use simple mathematical language to explain to you how 100% return is possible taking 100 trades winning 60 of the trades but losing 40 of them. i.e 60% success rate;
Let us assume you start with an initial capital of $1,000. You come up with a realistic plan to double the amount by only taking 1 trade per day thus 20 trades in 4 weeks (1 month) and you aim to achive your target in 5 months. You want to only take high probability trades although the market may present to you several probabilities every day. For every $20 you risk you aim to make $40.In your first month you take 20 trades, you win 12 of them and lose 8 of them. In total therefore you make a profit of 12 x 40=$480 and a loss of $20 x 8=$160. Your Net gain in the first month therefore is $(480-160)=$320 translating to a 32% return for the first month.
Although mathematically as shown above it was possible to make 32% return in the first month with only a 60% success rate, life is not always ideal and there will be days you are not able to trade e.g you are unwell, e.t.c and to cover for these possibilities you therefore chose to lower your expected return from 32% per month to 20% per month. If you then sustain these kind of results for 5 months, you then make 100% return in your account only trading once in a day and only with a 60% success rate. That means that you can go on with your life as normal and only execute those trades that you manage to get the aleart on time. Quality of the trades you take (low risk trades with a high probability of success) is more important in online forex.
The returns potential in this market are huge if one clearly understands what he or she is doing and effectively executes a profitable trading strategy. Don't wait for perfect moment , take the moment and make it perfect.