can you make 5-10% per week on your capital trading forex?
Practically, it’s a little more complicated. Trying to get those types of returns in 1 week will expose you to a lot of risk, to be sure, but it’s still possible.
Lets explore what a 5% – 10% per week really means, shall we?
We’ll go with 10% for the purposes of this illustration. If you were to make a 10% ROI each week from your forex trading, that means you’ll make a 40% ROI per month. Furthermore, that equates to a 480% ROI over the entire year.
So, what you’re really trying to do is multiply your account 5X essentially, within the space of one year.
Is it possible? Again, yes… But, how much risk are you willing to take on? You could run through a string of trades and win each one, thus effectively realizing huge gains in your account. But then again, you could have a few winners and then a few losers thereafter. The losing trades, will of course, create draw downs in your trading account, the likes of which could severely slow down your progress (if you’re trading with this much of a risk factor).
In reality, most traders who try to be too ambitious with their trading end up “blowing up” their accounts instead of fattening them up.
A better approach is to either: