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Currency dealing is a fast cash making business.we can generate as much as we can but with appropriate programs , a little error can make you missing your cash. this will depend upon you how u plan to get and how you business . Be aware of circumstances and business properly.
yes 2 or 3 percent is a very reasonable profit because you have to not to take high risk for that and there is no need of greed in forex also you have to play it safe because if you earn 1 or 2 % daily it is 30 or 50 percent of the month that is more then enough.
in this business we are never decide this thing how many profit we make it because bro you know this thing it is very risky business if we decide this then possible we make any mistakes and then we get the big loss from here
One or Two % of the each day target is an benefit so as to can be achieved straightforwardly by almost all traders. But not each day of the week you will find a profit, on occasion you retain to take a loss or did not find no matter which, so you be supposed to plug up on so as to day of the week to prevent the condition will find worse as your emotions will activate to uncontrollably if approved. But stay alert to be able to comprise a profit on the after that day of the week.!!!!!
Around us, but knowledge can for someone to lose their hard earned money in the wrong. It depends on how the current quest for investment in and approach, some in the industry.
if i take ur question in posibility of luck or unluck then for me a proper strategy can bring apropriate increas in profit without much loss on daily basis.. need is ur own judgement n analysis..
I always make a statement that forex is not all about the profits that we could make from it, but rather it is all about success and consistency. Once a trader is making consistent profits, their chances increase greatly in forex.
Actually aiming 10-20% profit each month already good for us. Having too much target in forex will only make us feel uncomfortable to trade because we will always want to hunt our target. Sometime didn't have any target in forex can give us better result. We can make unlimited money through forex when we have better skill and more experience to trade.
yes I agree better to take profit targets are realistic, because forex trading has a very large value of risk and if we can not minimize any risk that I'm sure we will not be able to successfully get the results that fit our expectations.Quote:
Originally Posted by flowernight
a professional trader must be very careful in determining profit targets, because they do not want to get greedy. in one day usually target only 1 to 2 percent profit. and will close their trades after the target is reached.