How many guys are investors in forex trading?Naomba mawaidha concerning what I should expect.I am planning to go live with Ksh.100,000.I hope to get 10-20k per day.Is it possible?
Risky business! Unless you are very sure about it, don’t go there!
wah!! boss stop before you cry in the toilet. it is a complex thing that requires patience.
have you done the tutorials and have you gone for the dummy account first?
You shouldn’t be thinking of putting your hard earned money before you have practiced in a demo account for at least 3-6 months.
Once you are profitable on the demo, you can start on a real micro account. Believe me when I tell you if you put that 100k into a trading account, you will blow it.
You expect to get a return of 20% on your trading capital per day? that translates to a return of 7300% on your investment per annum. If such a ROI is compounded,you would become richer than Dangote in no time. Even the best traders and genius market wizards in Wallstreet would never even dream of such a return.
What you are trying to do with such unrealistic expectations is pure gambling. If you go into trading with your current mindset I can Guarantee you for sure that you will definitely lose all your money.
The people you find on the internet selling you the dreams of unlimited Forex riches are mostly scammers who get their money from selling fake signals and forex lessons.Others are just posers working as affiliates for brokers.They never tell you the real story of what it takes to make money in this game.
Earning a regular income from day trading is not easy. There is no shortcut to becoming a profitable trader.You must be willing to learn and put in the time and hard work to master the craft.
utatoka hapo na 10k. long ago, i explained why retail forex tools online dont work. The technical side of it is rigged.
I am ready to risk it
Yes I have been on demo for 3 months.
For learning I am learning one new thing per day at least
I loved that line"You would become richer than Dangote in No time":D:D.Okay so what’s the expected ROI if I do day trading with that amount?
Where can I read that.I missed it
Hii pesa inakuwasha peleka India ufanyiwe hair implant.
then keep learning until there is really no more learning.
The real problem is psychology. It can fuck you big. Quiting too early on winning trades amd again letting the loser ones run. Doing the reverse can take you 10 years to manage. Accepting a loss ndio shida. No chances for hope in this bizz. But if you got the right psychology believe me you can make it. Achana na izo hekaya za technicals dont work technicals get rigged.
In fact with the right psychology you can make money even with the most mediocre system. But if your psychology is fucked, you will blow 1000 accounts even with the finest trading system.
No one knows how much he will make in Forex because no one knows what the markets are going to do next. All you can do is develop your trading plan, backtest It and if you find that it’s a winning plan, stick to it.
I will have to work on my psychology.I usually have a get rich quick mindset but I will definitely change that
Very well,I am hoping to win big.I have a good strategy
You will come back here after losing money. Probably the whole 100k.
If you were a pro, you should be looking at around Sh300 return consistent per day with sh100,000 capital.
Forex only makes sense with huge capital.
Usitishwe you must lose to learn, afriend of mine makes a mill a month using a capital of 100k