Any person acting on this information does so entirely at their own risk. All rights reserved.ĭISCLAIMER: Any discussions held, views and opinions expressed and materials provided during My Trading Skills Community sessions are the views, opinions and materials of our members and presenters alone. The information on this site is not directed at residents of the United States or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Trading may not be suitable for you and you must therefore ensure you understand the risks and seek independent advice. My Trading Skills®, its employees and directors shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.
Trading is high risk, it does not guarantee any return and losses can exceed deposits. Any discussions held, views and opinions expressed and materials provided are for general information purposes and are not intended as investment advice or a solicitation to buy or sell financial securities. The material on this website is for general educational purposes only and users are bound by the sites terms and conditions. My Trading Skills® is a registered trademark and trading name of PMJ Publishing Limited. Read: 6 Concepts You Need to Know About How Forex Trading Works If you can make winning trades and constant profits with a small/medium trading account, then you can do the same with a bigger account. You can then focus on becoming a good trader that makes profits each month.
You’ll also have less pressure and emotional attachment than if you had to trade for a living straight away, because you still have the benefit of income from your job.
It’s easier to start small in order to test your trading strategy, to learn how to follow your trading plan no matter what, and to build confidence in order to become a good trader, while earning extra money to complement your salary.
This is the easy bit, you now need to learn how to make that sort of return consistently. So if your desired return is £5,000 per year and your expectation of return is 20% you need capital of £25,000 to achieve it (5000/0.2=25000). Step 3: Desired income / return % = capital required.For a very good trader would be 15-25% per year – remember if you’re new to trading this is unlikely to be you just yet. Step 2: Set a reasonable expectation of return.Step 1: Start by setting an amount you want to make per year from trading.
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