Could I gain 10% compounded every week by trading forex?
I am going to be 18 in 6 days. I have a practice account with FX Express. I’ve even bought Currency Trading For Dummies to learn what I need to know about trading currencies. With my practice account which is like the real thing, (apart from emotions!), I have been making 10%+ compounded every day. However, I want to be a little more realistic here and say with real money, I could maybe make 10% compounded a week with real money. I want to know is this is actually possible to do when you put in real money?
3 Responses
Don’t count on it.
Hi there, glad to hear that you are able to make 10% compounded return on weekly basis. You never try the real thing, you will never know whether it work. Just do it.
I am keen to learn from you how you could make 10% everyday. if you could just share your trading method . How many hours you commit to trading, what time of the day, how big is your risk appetite , what is your profit range per trade in pip.
I know Dr Lim Ming Soon did turn USD2000 into USD1million in 18 months.
You must have at least 3 months of demo account trading before going actual trading. Dr Lim suggest doing it for 2 years to understand market move and your self on trading.
my greatest achievement is turning my losing trade into 100% profit within 6 months. doing it part time 9pm -11pm tuesday to thursday but my risk level can be as high as 80%. about 25% per trade.
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Yes, that and even higher returns are possible