MoneyTec Traders Community Forum - View Single Post

Mr 50% · 25-08-2004, 12:58

Hi

14% return in the first year of trading is pretty good. Espeically when most of the big trading mistakes are made during the first year of trading. Most traders lose their account in the first year.

What you should do is look to build on it year on year, quarter on quarter etc.

I'm guessing that you are doing this full-time and perhaps thats where your problem is i.e. you need a regular income, that's one thing you must avoid with FX trading especially in the early years, namely to rely upon profits as though your drawing a salary.

Maybe should look at doing a job as well as trading especially in the early years ?

25-08-2004, 12:58	#3
Mr 50% Disciplined Trader Join Date: Jun 2004 Posts: 242 Downloads: 0 Uploads: 0 Rep Power: 0	Hi 14% return in the first year of trading is pretty good. Espeically when most of the big trading mistakes are made during the first year of trading. Most traders lose their account in the first year. What you should do is look to build on it year on year, quarter on quarter etc. I'm guessing that you are doing this full-time and perhaps thats where your problem is i.e. you need a regular income, that's one thing you must avoid with FX trading especially in the early years, namely to rely upon profits as though your drawing a salary. Maybe should look at doing a job as well as trading especially in the early years ? Last edited by Mr 50% : 25-08-2004 at 16:19.