We all want to make money and in online forex trading, most people want nothing but profits; who doesn't ? It is the mention of quick cash that attracts people to online forex trading 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 the potential of loss is also high. 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 opt for the long-term approach.
Let me use simple mathematical example 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 achieve 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 and to cover for these possibilities you therefore opt 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.
Don't wait for the perfect moment, take the moment and make it perfect.
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