Trading currency, stocks can be a very lucrative career and fulfill all your dreams in a relatively short period of time. Many of them start forex trading with a perception in mind that they can become millionaire overnight. No doubt forex trading presents itself with high return on investment opportunities but the return one can make is really a limited. Doubling account every day, every week or every month is just not possible. Having a realistic view can definitely help in planning and achieving financial freedom and goals.
It is true that forex market offer ” n” number of endless opportunities to make big money. It is up to us how to identify them and make money consistently month after month
To make it big, consistency in trading is the key.
Plan for 3 to 4 years depending upon the skill level and consistency factor you can reach goal in 3 years.
Start with medium capital, say 5000 USD neither small or nor big so keeping check on risk right from beginning.
Allocate 3 to 4 hours daily for trading it is really not necessary to stick in front of screen.
Keep targets of 20% return on equity per month including trades which might go wrong.
Trade with consistent RR, typically I would prefer 1:2 or 1:3 for swing type trades so when you win you win big and when you lose you lose small.
Choose 2 to 3 pairs for swing trades, medium trade size, so as to check leverage or margin condition overnight or on last trading day of week.
Choose 1 pair for scalping, small to medium trade size where you can book small profits, let say 4 to 5 pips. Typically RR should be 1:1 or 1:1.5
Keep rolling in your profits earned every month. Don’t loose your focus by buying out expensive luxuries which might not be needed at this point of time.
Here is calculation


Month

Seed Capital

% Target

Month Profit

EOM Equity

1

5000

0.2

1000

6000

2

6000

0.2

1200

7200

3

7200

0.2

1440

8640

4

8640

0.2

1728

10368

5

10368

0.2

2074

12442

6

12442

0.2

2488

14930

7

14930

0.2

2986

17916

8

17916

0.2

3583

21499

9

21499

0.2

4300

25799

10

25799

0.2

5160

30959

11

30959

0.2

6192

37150

12

37150

0.2

7430

44581

This means 1 million in less than 3 years is possible with just an average investment of 5000 USD, with average
skill set and average consistency factor. All things are average but the result over period of time would make you live financially independent life and equally rewarding. Thus it proves 200% ROI within 3 years.

With time skill of making consistent profits will definitely increase to say 25% to 30% which will in turn help in achieving goal
faster.Ideally I haven’t experience myself or seen anyone going beyond 30% month after month that is something in reality. It is bit difficult or unrealistic of doubling your account every month.

Key to make big is consistent profits month after month,there are no short cuts but at same time there are way to work smart.


The above example shows how a professional trader enter at beginning of month and was patient enough to hold on his basic instinct and trade just to make 900+ pips in a month, The RR chosen was in range of 1:5 which can be rated good to excellent. This kind of movement would have easily made a 40 to 50 % monthly ROI, but such movements don't occur every month, but the target of 20% monthly is very much possible for an average skilled trader.
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