If you are interested in Forex trading, you may have been informed that forex trading is a high risk high return type of investment.
You see, most expert traders out there will tell you that they are able to double their account balamce in one year's time.
Is that a high return?
Yes, if you compare it with a conventional type of investment like saving money in the bank.
In my country, a fixed deposit account usually provide just over 3% return in one year.
Compare to this, a 100% return in Forex would be masive.
Now, I am not saying that 100% return in a year is not good. But with the amount of risk that we put in forex, shouldn't the return be much higher?
Ask yourself this question.
For me, a good return in Forex would be doubling my account in every 2-3 months.
That is what i call high return.
Sounds hard to believe?
| Source: www.fxtips.weebly.com |
In Forex, one can achieve a 100% return by just making 10 pips a day.
Yes, that is true, I attended a training before and the person giving the training said that.
Just think, if you make 20 pips a day, you will be making 400pips a month.
By using the leverage in the lot sizes, it won't be hard to calculate how much we can really earn.
The answer is simple because there is so much money to be made in Forex.
Simply increase your lot or contract sizes every week will allow you to grow your account like crazy.
All of this is only possible if you have a good trading strategy.
Without it, everything will be useless.
It doesn't matter if you initial deposit is 100,000.
What matters most is your winning ratio. If you have a 80% win rate, you can turn $1000 to $1000000 in a year.
That is how powerful forex can be.
Yours sincerely,
Check Out my other posts here- My Justinnation
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