Sorry Phil but if you expect steady 500% / year, you are still on stage one so all the time you have spend studying was worth nothing...
No Expert, but I can tell direction of a pair on any given day 53 replies
Dislikedok you lot did not get me at all I said I would need a 500% return in my first year, to match what i could earn now working. I was actually aiming for 100% a year, slowly building up, however it is not worth the struggle it as i could get more money guaranteed by working full time. I could mess up my life if i could'nt get 100% annually after another yr or 2 of trying out forex.
Basically I am undercapitalised. I will study daily charts and aim for 20%-50% return a yr.
I never expected 500% a yr and never expected to get 500% coz that would make me a billionaire pretty quickly which is impossible...so don't get ahead of yourselves guys. I was just saying 500% in my first year would make me as comfortable as working full-time in my first yr. It did'nt mean anything else, just an analogy.
However I was inspired by someone I met who started out with £15k as a floor trader at London Stock exchange, similar background to myself, he has gone on to make £20k-30K a day and is incredibly tight with money. He is a day trader (futures not forex), self taught picked up things from others, did'nt go to university either.Ignored
DislikedI never said I expected 500% a year...pls read the first post. and I have not given up Forex, just "day-trading"...Ignored