38. Profit Expectations: What Millionaire Traders Know | Forex
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Set up a practice trading account to get started with trading success: http://bit.ly/forex-demo1 A lesson on how most traders have unrealistic profit expectations which cause them to lose all their money and what realistic profit expectations are when trading the stock, futures or forex markets. The first step in understanding and building a solid money management plan, the key component in successful trading, is setting realistic profit expectations. All too often I see people open trading accounts with balances of $10,000 or under expecting to make enough money to support themselves from their trading profits within a short period of time. After seeing all of the hype that is out there surrounding most trading education, trading signal services, etc it is no wonder that people think this is a reasonable goal, but that does not make it a realistic one. As most any truly successful trader will tell you, the stock market has averaged somewhere in the neighborhood of 10% a year over the last 100 years. What this basically means is that if you would have invested in the 30 stocks that make up the Dow Jones Industrial Average, the index which is designed to represent the overall market, you would have earned about 10% on your money on average over the last 100 years. With this in mind, what most any truly successful trader will also tell you, is that if you can consistently double that return, on average, over the long term, then you will be considered among the best traders out there. Learn more here: http://www.informedtrades.com/
Comments
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I have personally used 1ST MILLION ROAD System before.
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Show me a company that takes 20% of all the profits. This is not accurate. A more accurate performance fee would be 20% of the profits above 10%.
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You could do it with less depending on the size of the winners and how fast you cut losses. Risk/money management is key in this business. We are risk managers. It is the only thing we can control, which is how much we will allow ourselves to lose in a trade.
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What a forex millionaire told me is that you only need a 51% winning rate system, the key is all in the money management. Cut losers, ride winners.
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Sir I am new in this market and joined it after my retirement. I saw your all 77 videos on market. They are informational, can I have a bit in pdh file online to enable me get it download or can I have a hard copy of all video. Anupam Mail ID anupammadhu77@gmail.com M.No. 9832626102
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Great vid, cheers ★ I personally prefer trading with a free trend indicator which helps me identify profitable buy and sell signals. You can give it a try yourself, it's on my page
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No..You person below my comment. You the One that Dumb..This video they share to help other Traders.not to get money.Thanks to them..
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this is dumb. if these people knew the right way to trade and making money then they would not be wasting their time making youtube videos.
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Side account, start very small. Even start with $500 if you make 15% a week compounded its $500,000 in 1 year. My recommendation is to take only 5% of your capital and try high risk trading. Same entries taken as proper money management account.
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While money management is of course important, the better way to "make it quick" is to take $500 and trade it with 10 or 20:1 leverage. I just don't want you to mislead others to thinking only 30% a year is possible. There are PLENTY of traders making 500% or more yearly. Also, I'm not sure if you trade Forex or stocks, but in Forex, you can trade $10 million in volume and not have any market player even blink an eye. You need to trade at least $50million to move the market with normal liquid
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That's hype, and it's awkward
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@aeasiaq You should check my account, I'm at about 420% gain each month. It's all about the right system. I've tried them all, narrowed it down to one extremely powerful technique. This video explains it all > bit.ly/NsYahX?=mtjzue
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I think that this is a great video. Thanks.
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If i have a solid portfolio, what's the next step in finding someone to back me with money?
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@MrGripperz that doesn't say much.. you need to say how much he started with. 150K on 150K is much different than 150K on 1,500,000
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@Hillbillygoob if you would have been practicing for a year, you would already know how much money you would be able to make. A seasoned veteran trader, you say?