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How to Get a 10 Percent Monthly Return Day Trading
For most people who start day trading, the ultimate goal is to quit their job and be able to make a living off of the markets. There are forex 10 percent a month ways to make a living from day trading. Below is a blueprint for ramping up your returns to 10 percent or more per month. Whether you day trade stocks, forex, or futures, align your trading process around the tactics discussed below. With hard work and practice, over the course of six months to a year, you just may be able to become one of the few traders relative to those who try who make a living from day trading.
Before you can day trade for a living, know what you are up against. Day trading lures throngs of people, yet most of these people won't make a profit, let alone a living. Most people who attempt day trading will lose most, or all, of the money forex 10 percent a month deposit into their trading account.
Less than 4. The chance of making a great living is much smaller. For the 4. The blueprint that follows will help you be one of the few traders who can make a living off day trading, potentially pulling returns of 10 percent or more out of the market each month. Create or follow a strategy that allows you to keep these numbers in the target zones, and you will be a profitable trader. Successful trading can be reduced to four factors: risk on each trade position forex 10 percent a monthwin-rate, reward-to-risk and how many trades you take.
Understanding these four numbers will help you reach your goal of day trading for a living. Here's how:. To be successful, control the risk on each trade. Risk a maximum of one percent of your account on each trade. Place a stop forex 10 percent a month order to make sure you don't lose more the one percent of your account.
Once forex 10 percent a month know your entry price and stop loss level, calculate your position size how many shares, lots or contracts you take in the stock market, forex market or futures market. One percent may not seem like a lot to risk, but, as I'll explain in the next section, our winning trades should always be bigger than our losing trades.
While we only risk one percent, we strive to make 1. Only risking one percent also means that even if you hit a losing streak of five to 10 trades, you haven't lost much capital. A few winning trades and you have made that loss back. Risk more than one percent though, and a losing streak can decimate your account. The reward:risk is how much you make on winning trades relative to how much you lose on losing trades. If you are always risking one percent of your capital, then your reward-to-risk should at a minimum be 1.
That means you are making 1. To accomplish this, forex 10 percent a month, place a profit target that is a greater distance from your entry point than your stop loss is. That is a reward:risk of 0. Reward:risk is interlinked with the win-rate. The win-rate is how many trades you win, expressed as a percentage. If you make trades in a demo account and win 53 of them, your win-rate is 53 percent. Win-rate is interlinked with reward:risk. Day traders should strive to keep their win-rate near 50 percent or above; that way, if the reward:risk on each trade is 1.
Assume you are able to maintain a 1, forex 10 percent a month. You are adding 1. If you win 50 percent of your trades, forex 10 percent a month, you are in good shape: 50 x 1.
You increase your account capital by 25 percent over those shares. If you win 40 percent of your trades, then you don't make any money: 40 x 1. See how win-rate and reward:risk are linked? If you only win 40 percent to 50 percent of your trades, try to bump it up to 50 percent or more by making small changes to your strategy, forex 10 percent a month. Alternatively, you could try to reduce risk slightly or increase your reward slightly to improve your reward:risk.
Slight adjustments could push this break-even or losing strategy toward being a profitable one. From the numbers above, your goal is to win more than 50 percent of your trades and make 1. If you can do that, the more trades you take that still allow you to maintain those statistics, the better. If you make one trade per day, that is about 22 trades per month. If you win 50 percent with a 1. If you make two trades per day, you win 22 trades and lose 22 trades, but your percentage return increases to 11 percent for the month.
If you only trade a two-hour period —which is all that is required to make a living from the markets this is the end result, at the beginning you will want to put in at least several hours per day of study and practice —day traders should be able to find between two and six trades each day that allow them to maintain the statistics mentioned above.
Note forex 10 percent a month some days produce no trades because conditions aren't favorable, while other days may produce 10 trades. At an average of four trades per day, if you maintain the above stats, you'll generate a return of 22 percent on your capital for the month.
Don't take trades for the sake of taking trades though; this will not increase your profit. All trades taken must be part of a strategy that allows you to win 50 percent or more, with a 1.
If you take trades with a poor probability of winning, or where the reward doesn't compensate for the risk, this will drag down your statistics, leading to a lower return or a loss. If any of these statistics get out of whack, it will hurt your results. It's a razor-thin line between profitable trading and losing. Over trades, winning 50 means a nice income, while winning only 40 means you break even or lose money when accounting for commissions.
A slight drop in win-rate or reward:risk can move you from profitable to an unprofitable territory. Risking too much on each trade can decimate your account quickly if you hit a losing streak. Winning 50 percent of your trades doesn't mean you will always follow the pattern of win, lose, win, lose, win.
Wins and losses are distributed randomly. Some days you may lose all the trades you take, while other days you may win them all. There is no specific number of trades you should, or need, to take each day. However, forex 10 percent a month, over many days, it should average out to at least two trades or more a day if you want to eclipse the 10 percent-per-month return mark.
The only way to know if a strategy can produce the numbers above or better is to test that strategy out in a demo account. Take hundreds of trades, and if the strategy produces the results forex 10 percent a month or better then you have some assurance—but no guarantees—that the strategy can produce those figures in the future. Small adjustments may be required over time to keep the strategy aligned with the numbers above.
If a strategy produces those numbers, then only trade that strategy. The statistics above apply whether you trade stocks, forex or futures— the main day trading markets.
Your percentage returns will be similar in each if you create or follow a strategy that maintains the statistics above. Which market you choose shouldn't be based on return potential, forex 10 percent a month, as they all offer similar returns. Rather, base your decision on which market you are most interested in and the amount of starting capital you have.
Your initial trading capital is a major determinant of your income. Choose the market you are most interested in that allows you to trade with the capital you have available. The less capital you have, the longer it will take to build up your capital to a point where you can make a livable monthly income from it. Making 10 percent to 20 percent is quite possible with a decent win-rate, a favorable reward:risk ratio, two to four or more trades each day and risking one percent of account capital on each trade.
The more capital you have, though, the harder it becomes to maintain those returns. There is only so much buying and selling volume at any given moment; the more capital you have, the less likely it is that you will be able to utilize it all when you want to.
This is typically why only individuals or very small hedge funds can generate huge yearly returns, yet these returns are unheard of when discussing traders or hedge funds with very large accounts.
The math works, and there are many strategies-freely available—that provide more than two-day trades a day, a greater than 50 percent win-rate, and a reward:risk greater than 1. Keeping your risk to one percent or less is up to you and should be employed no matter which strategy you use. The main problem is that while you can see the math works over 10 or trades, while you are in a trade it is very hard to remember the big picture.
Most new traders can't stand losingand so they exit a winning trade with a tiny profit, messing up their reward:risk. They hold onto a loser, not wanting to accept the loss, and end up losing much more than one percent on a single trade. This also messes up the reward:risk, and could potentially decimate the account. New traders also need to remember that wins and losses are not evenly distributed. You may win or lose several trades in a row. A winning streak doesn't mean you are a phenomenal trader and can abandon your strategy.
Likewise, a losing streak doesn't mean you are a bad trader. The only thing that matters is how many trades you win and lose out ofwhich is about how many trades you will take each month. Win more than 50 with a reward to risk of 1. Make hundreds of day trades in demo account using the same strategy to see the win-rate, forex 10 percent a month, reward:risk and number of trades per day it produces.
Only utilize real capital once you have hundreds of trades worth of data, and the strategy is showing a profit over those hundreds of trades. Trading Day Trading, forex 10 percent a month. Full Bio Follow Linkedin. Cory Mitchell, CMT, is a day trading expert with over 10 years of experience writing on investing, trading, and day trading. Mitchell founded Vantage Point Trading, which is a website that covers and reports all topics relating to the financial markets, forex 10 percent a month.
He has a bachelor's from the University of Lethbridge and attended the Canadian Securities Institute from to
how i tripled my forex trading account in 8 months risking 1-3% per trade (with trade history proof)
, time: 7:08How Much Do Forex Traders Make Per Month? | FX Day Job
It can be really hard to do it consistently for a long time. The average return on US stocks is around 10% a year; i.e. less than 1% a month. If it was easy to make 10% a month in forex, probably most of stock exchanges would have to be closed as no one would trade stocks but forex Anyway, I hope I could Forex 10 Percent A Month learn on how to predict the trend and buy/ell in the right poition and cloe it with profit. Great People, Famous Quotes – Make You Trade Better! September 10, You Must Be Logged In To Vote 0 You Must Be Logged In To Vote Reply Forex 10 Percent A Month, zo kun je nu nog geld verdienen aan de bizarre stijging van de bitcoin, 10 x meer geld verdienen? tips hoe dit kan - geldgenius, binaere 9,9/10()
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