The more you sweat, the luckier you get. Very well said. Maybe one or two traders have done it. Majority of traders disappear during that process. I was taught to learn forex trading ， I can earn at least 50 to US dollars a day or more, but the concept here is contrary to the teaching I received. But the following few sentences are so well written, they illuminate me, make me suddenly realize , and let me wake up , so I have to repeat them here: The number of the trade setups that form on the charts, has nothing to do with your efforts.

You cannot make the markets for m more trade setups. The number of the trade setups that form on the charts, has nothing to do with your efforts. But I now coming back. I have been following luckscout for years. I enjoy your article on Forex. I am that type of trader that can learn one on one.

I find it difficult to learn through this medium. I only follow your analysis like nzdusd long. Please make me a millionaire. Hi Vahid. Thanks you for sharing us your knowledge. By reading your article, I learn and gain new knowledge about forex and l gives me guidance to see the correct way of trading. Skip to content Forex trading and getting rich through it have attracted so much attention in the past several years.

When you look at the price charts, you feel like you are walking on the moon. Before you read the rest of this article, submit your email, not to miss the messages that nobody can afford to miss:.

By The LuckScout Team I don't believe in luck. View all of The LuckScout Team 's posts. Notify of. new follow-up comments new replies to my comments. Newest Oldest Most Voted. Inline Feedbacks. jonathan esemele. The LuckScout Team. Reply to Jonathan 2 years ago. Manage consent. Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website.

Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience. Necessary Necessary.

Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously. How can you know? Spectacular, right? Mathematically it is expressed in the following way:. Once you´ve calculated it, do not forget to pat yourself on your back before moving on to the next point, only if your result has been positive. If not, you have to work harder to design a strategy with a positive mathematical expectancy.

With the mathematical expectancy of your strategy on the positive side, it is time to be honest with yourself and estimate a sustained return over time for your strategy. Without letting your heart guide your head, what do you think would be an acceptable average annual return for the next ten years?

Every trader dreams of earning a lot of money. The difficulty is that you want to obtain it with a ridiculously small amount of capital and this is a problem that is hard to solve and, unfortunately, with a foreseeable outcome.

Most traders want to earn a lot with very little, which is a deadly combination for the survival of the account. An undercapitalised account has two main problems:. Leverage allows you to take larger positions than you could with your capital, so you will not need to start with a big account to trade sizable volumes, which will magnify your profits … and your losses.

Leverage, in inexperienced hands, is a weapon of mass destruction for trading accounts. And now comes the part you were keenly awaiting. You have a strategy with a positive mathematical expectancy and an annual return target very similar to the pros. How much capital do you need if you are an …? Data based on 8 DARWINs with a D-Score greater than 79 and a capacity grade Cp less than 3. For this example, imagine that the base currency is the EUR. Do you think it is feasible to yield a How many traders do you know who have been able to do it for ten years?

How many do you know that they have achieved it one year only to wipe out their trading account in the following?. You have gone from almost giving up your dream of becoming a successful trader to see the light at the end of the tunnel. What annual return is your trading strategy currently averaging?

If you live in other region, or are more than happy with less you may need a fraction of it! Save my name, email, and website in this browser for the next time I comment. Skip to content Skip to footer. Notice Board Insights News Labs Darwinex Web. June 15, So, what is the solution? What do you consider to be an acceptable return? The problem of wanting to yield the best result in history Every trader dreams of earning a lot of money.

Undercapitalised account Most traders want to earn a lot with very little, which is a deadly combination for the survival of the account. Leverage: its benefits and dangers Leverage allows you to take larger positions than you could with your capital, so you will not need to start with a big account to trade sizable volumes, which will magnify your profits … and your losses. Intraday trader Data based on 8 DARWINs with a D-Score greater than 79 and a capacity grade Cp less than 3.

Do the math What annual return is your trading strategy currently averaging? Tags: Capital leverage Trading strategy. Share Post. Hide comments. Peter Posted July 29, at am. Leave a comment Cancel reply Name. I agree that my submitted data is being collected and stored. Introducing DWC, the hedging DARWIN June 18, DARWIN slippage, explained January 5, Our site uses cookies.

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Forex trading and getting rich through it have attracted so much attention in the past several years. Maybe the first and most important reason is that it looks so easy to make money with trading currencies.

The reason is that when you look at the price movements that have already formed on the charts, it looks so easy to make money through buying and selling currencies and commodities against each other:. I am not going to focus on the reasons of the Forex traders failures, because I have already talked about them in different articles.

I am not saying it is impossible to make money through Forex trading. Conversely, it is really possible and there are some wise, disciplined, skilled and knowledgeable traders who make thousands or even millions through Forex trading. However, it is impossible to make money with it the way that the so-called Forex mentors and gurus and scam Forex brokers and sites claim. But, if you want to know how you can really make money through Forex trading, then read the below words carefully, because I am going to tell you how you can really make money through Forex trading.

It is NOT good to set monetary or pip goals in Forex trading. Trade setups form by the markets, and all you can do is taking them to enter the markets at the right time. It is impossible to set a pip or monetary goal in Forex or stock trading and perform exactly as the goal is set. You cannot make them form, and the number of the trade setups that form every day, week and month can be different from time to time. Even day-traders who work with the shorter time-frames like 5min or 15min, cannot set pip or monetary goals.

It is a mistake to think that trading the shorter time-frames can make a constant amount of money every day, just because at least one trade setup forms on these time-frames every day. Am I saying that a Forex trader, either novice or professional, should not set any kinds of goals at all? We cannot set an exact monetary or pip goal within a special time span, but we can set goals that have no deadline.

Start from here: Become a Profitable Forex Trader in 5 Easy Steps. It is possible to make money through Forex trading and I can do it. I will become able to make a lot of money through Forex trading. I will become so wealthy, and I will feel the real meaning of financial freedom soon. I have everything I need to get there, and I will get there soon…. When you learn what to do, you just need to check the charts 15 to 30 minutes per day or even per week or month.

But you can grow your small account slowly and surely, if you follow the right track: Become a Profitable Forex Trader in 5 Easy Steps. I don't believe in luck. I believe in sweat. The more you sweat, the luckier you get. Very well said. Maybe one or two traders have done it. Majority of traders disappear during that process.

I was taught to learn forex trading ， I can earn at least 50 to US dollars a day or more, but the concept here is contrary to the teaching I received.

But the following few sentences are so well written, they illuminate me, make me suddenly realize , and let me wake up , so I have to repeat them here: The number of the trade setups that form on the charts, has nothing to do with your efforts. You cannot make the markets for m more trade setups. The number of the trade setups that form on the charts, has nothing to do with your efforts.

But I now coming back. I have been following luckscout for years. I enjoy your article on Forex. I am that type of trader that can learn one on one. I find it difficult to learn through this medium. I only follow your analysis like nzdusd long. Please make me a millionaire. Hi Vahid. Thanks you for sharing us your knowledge.

By reading your article, I learn and gain new knowledge about forex and l gives me guidance to see the correct way of trading. Skip to content Forex trading and getting rich through it have attracted so much attention in the past several years.

When you look at the price charts, you feel like you are walking on the moon. Before you read the rest of this article, submit your email, not to miss the messages that nobody can afford to miss:. By The LuckScout Team I don't believe in luck. View all of The LuckScout Team 's posts.

Notify of. new follow-up comments new replies to my comments. Newest Oldest Most Voted. Inline Feedbacks. jonathan esemele. The LuckScout Team.

Reply to Jonathan 2 years ago. Manage consent. Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website.

We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.

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If not, you have to work harder to design a strategy with a positive mathematical expectancy. I don't believe in luck. new follow-up comments new replies to my comments. Newest Oldest Most Voted. Leverage allows you to take larger positions than you could with your capital, so you will not need to start with a big account to trade sizable volumes, which will magnify your profits … and your losses. Intraday trader Data based on 8 DARWINs with a D-Score greater than 79 and a capacity grade Cp less than 3. It is NOT good to set monetary or pip goals in Forex trading.

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