Making Big Profits Trading from Home
Good advice FDT.....the problem is the vast amount of wannabee traders are lured to this business on the promises of astronomic returns on their investments ...........so the raw truth of solid (but relatively low digit) profitability from this form of trading will be unpalletable for them
if you trawl youtube and find the small amount of good trading advice on there from the Trading greats you will rapidly see the same comments that astronomical returns are a myth............but no one listens :whistling
N
True, so very true.
It was actually what lured me into this business nearly 3 decades ago.
When I think back to that time, I must admit that I'm thankful that it did! Sure I had to pay the piper (a number of times) in account wipeouts (2) or major drawdowns (few). But it was the 'dream' that kept me at it because I knew it could be done.
No I did not turn $10K into $1mil or anything like that. But the following is a sample:
In 2008, via my trading forum I posted my trades real-time during the whole year. That year resulted in approximately 35% growth. That was under pressure because others were watching. Won't do that again!
23% so far this year with 3 months to go.
This is not the result of many losses or big drawdowns because I lose very few trades and the losses are usually very small.
This is the result of only risking a very small percentage of my capital on any trade and only trading when the risk is low and capturing parts of moves.
Many might consider that too small for them, especially if they are starting off with a small amount to trade.
Well, reality better sink in fast or they will be attracted to all the offers out there to make them zillionaires trading Forex using the PumpYourForex (made that up) system starting with little money.
Avoid the auto systems. Be in control.
Be realistic with your trading goals.
If you start with a small amount of capital, trade FOREX mini-size contracts.
Learn a system or method and test it out first before you make it live.
There's more, but this is a start.
🙂