FX Market Studies Consistent Income
Some ads run something like this:
"I made 700 Dollars in a day," or perhaps "I just made 300 Dollars in an hour."
It just goes on and on and on across the Internet and the reality is that it is misleading marketing. Some people want to sell you an automated trading program and some just want to sign you up for advisory fees. Well, hang on a minute, why aren't any of these people undertaking forex trades themselves? They're basically playing upon the twin emotions of - fear and greed.
As a potential customer you are frightened to be left behind and you are also in a hurry to make money fast. Moreover, whilst you hear of traders making 200% in a year, you never hear of them again!
So what's the reality for a good Fx trader?
Answer = 30% per annum growth target.
Be consistent and make 30% per annum in forex trading for 5 years in a row average and you are a very good forex trader. A forex trader will always keep half his or her capital for risky forex trades and the other half capital for more conservative investments. Balance your forex trading with good dividend paying stocks and bonds for half of your portfolio and you shall be wealthy with a more logical and consistent wealth-building plan than any investment guru will have you believe.
Your goals as an FX trader should be to achieve 30% per annum and let the numbers compound so that every 3 years the trader would double his or her capital. Traders that double their money every year are a complete myth. be logical and concise in your analysis before you start listening to some of the adverts out there. You can take your own future into your own hands by learning the fundamentals of the market and learning day candlestick charts as a technical basis for understanding price movement.
So take $20,000 capital and after 3 years of forex trading you would double your capital to approximately $40,000
Implement another 3 years of forex trading and your capital is well past $80,000 and sufficient for the planning of your family needs.
Of course sometimes you may make over 30% per annum but in the long run the numbers even out and 30% return is the magic number for a good forex trader.
Choice of markets should revolve around swing entry trading positions rather than intra-day to maximize the potential for sustaining your capital growth.
Coupled with your forex trading plan please look at the wealth building program of Tranont to build a logical and sustainable five year plan of accumulating wealth.
http://goldenyearscharities.mytranont.com/
This is a very good program that can complement your forex trading plans aimed at growing your forex capital at the rate of 30% per annum. conservative well-thought through wealth building plans are better than throwing your income to the winds and the whims of the gods in the trading arena. Yes, make yourself a successful and wise forex trading career by all means but complement it with a strong anchor program like Tranont.
A robot can never become human in terms of copying the human thought process but a man or a woman can become more robotic in terms of instant pattern recognition in application to his or her trades.
"I made 700 Dollars in a day," or perhaps "I just made 300 Dollars in an hour."
It just goes on and on and on across the Internet and the reality is that it is misleading marketing. Some people want to sell you an automated trading program and some just want to sign you up for advisory fees. Well, hang on a minute, why aren't any of these people undertaking forex trades themselves? They're basically playing upon the twin emotions of - fear and greed.
As a potential customer you are frightened to be left behind and you are also in a hurry to make money fast. Moreover, whilst you hear of traders making 200% in a year, you never hear of them again!
So what's the reality for a good Fx trader?
Answer = 30% per annum growth target.
Be consistent and make 30% per annum in forex trading for 5 years in a row average and you are a very good forex trader. A forex trader will always keep half his or her capital for risky forex trades and the other half capital for more conservative investments. Balance your forex trading with good dividend paying stocks and bonds for half of your portfolio and you shall be wealthy with a more logical and consistent wealth-building plan than any investment guru will have you believe.
Your goals as an FX trader should be to achieve 30% per annum and let the numbers compound so that every 3 years the trader would double his or her capital. Traders that double their money every year are a complete myth. be logical and concise in your analysis before you start listening to some of the adverts out there. You can take your own future into your own hands by learning the fundamentals of the market and learning day candlestick charts as a technical basis for understanding price movement.
So take $20,000 capital and after 3 years of forex trading you would double your capital to approximately $40,000
Implement another 3 years of forex trading and your capital is well past $80,000 and sufficient for the planning of your family needs.
Of course sometimes you may make over 30% per annum but in the long run the numbers even out and 30% return is the magic number for a good forex trader.
Choice of markets should revolve around swing entry trading positions rather than intra-day to maximize the potential for sustaining your capital growth.
Coupled with your forex trading plan please look at the wealth building program of Tranont to build a logical and sustainable five year plan of accumulating wealth.
http://goldenyearscharities.mytranont.com/
This is a very good program that can complement your forex trading plans aimed at growing your forex capital at the rate of 30% per annum. conservative well-thought through wealth building plans are better than throwing your income to the winds and the whims of the gods in the trading arena. Yes, make yourself a successful and wise forex trading career by all means but complement it with a strong anchor program like Tranont.
A robot can never become human in terms of copying the human thought process but a man or a woman can become more robotic in terms of instant pattern recognition in application to his or her trades.
Pieter Bergli - Trader X16
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Futures and Options trading involves risks of losses. No representation is being made that any reader and account will or is likely to achieve profits or losses similar to those that are being discussed on this blog http://forexeducationperspective.blogspot.com/. The past performance of any trading system or methodology discussed is not necessarily indicative of future results.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
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