Feshizzy:
Just set realistic weekly percentage goal, you should be fine,
For me i set monthly percentage goal,

The question is why the rush?

About the percentage u mentioned (1st bolded), pls, borrow the reply I made to Piptocoin.

RUSHING? Nope, boss, I am not rushing anything. I plan to just enter the market and fetch #JustThe$14 for that day and leave . Nothing more, Nothing less

In short, RUSHING would be me trying to sleep in the market and BUY as it Buys and SELL as it Sells. Rushing would be me saying I want to gain $100 in just a day. I have RUSHED before. This time I am not rushing. I just want to trade responsibly - and $14 a day is on the scale of responsible and consistent trading for me, staring now

samfelly:


About the percentage u mentioned (1st bolded), pls, borrow the reply I made to Piptocoin.

RUSHING? Nope, boss, I am not rushing anything. I plan to just enter the market and fetch #JustThe$14 for that day and leave . Nothing more, Nothing less

In short, RUSHING would be me trying to sleep in the market and BUY as it Buys and SELL as it Sells. Rushing would be me saying I want to gain $100 in just a day. I have RUSHED before. This time I am not rushing. I just want to trade responsibly - and $14 a day is on the scale of responsible and consistent trading for me

samfelly:


About the percentage u mentioned (1st bolded), pls, borrow the reply I made to Piptocoin.

RUSHING? Nope, boss, I am not rushing anything. I plan to just enter the market and fetch #JustThe$14 for that day and leave . Nothing more, Nothing less

In short, RUSHING would be me trying to sleep in the market and BUY as it Buys and SELL as it Sells. Rushing would be me saying I want to gain $100 in just a day. I have RUSHED before. This time I am not rushing. I just want to trade responsibly - and $14 a day is on the scale of responsible and consistent trading for me, staring now

samfelly:


I understand your point. Thank you for the input. But, I don't want to look at it in terms of percentage. If I were to bracket my profit in percentage, then I'll wait to fund my account with, say, $1,400 so that when I say #$14ADay, it will then seem as a reasonable goal to any person, cos that will be 1% of the said $1,400.

Well, $100 is the starting money and it is #JustThat$14ADay that I'll love to aim for each day, if God keeps us all alive.

Hope u understand and buy into my perspective, also? - even though it doesn't still sound okay

Tianamen1:
In this business, time is money. Making an average of 5 percent on 100 dollars per week compounded for 4 years equals over 2.5 million dollars.

If your plan is on improving your trading strategy, your dream of making $14 everyday would push you to hopefully get better, but understand that your time is going.

So far you have an okay strategy, risk management is what will help you grow your account. Thinking in percentage terms has been very useful for me.

charly20:
I'll know if progress has been made after a decade.

I don't know the source of your motivation, Mr.sam but I can only wish you Godspeed.

There's always time

After a decade? Are also implying that #$14ADay is big or small? . I am now confused

Piptocoin:
I read you, boss. I understand and buy into your concept. Anything is achievable. I have seen someone transform $10 into $1000, $99 into $4000...so it is very doable. All the best as you embark on your journey.

Sus4:
Good evening everyone , i am not too good in trading. Gurus in the house Please I need advice , someone is encouraging me to buy a robot (trading software) from him , pls is it safe and sustainable? Thanks the prompt response

TradingMaestro:


if it is IPC, It is safe FOR NOW BUT DEFINITELY NOT SUSTAINABLE

Don't put all ur eggs in one market

samfelly:


After a decade? Are also implying that #$14ADay is big or small? . I am now confused

samfelly:


Make me understand, the 2nd bolded; are you saying #$14ADay is too small or too big for each day's target?

samfelly:


About the percentage u mentioned (1st bolded), pls, borrow the reply I made to Piptocoin.

RUSHING? Nope, boss, I am not rushing anything. I plan to just enter the market and fetch #JustThe$14 for that day and leave . Nothing more, Nothing less

In short, RUSHING would be me trying to sleep in the market and BUY as it Buys and SELL as it Sells. Rushing would be me saying I want to gain $100 in just a day. I have RUSHED before. This time I am not rushing. I just want to trade responsibly - and $14 a day is on the scale of responsible and consistent trading for me, staring now

karkinase:
The forex market is so dynamic and each week comes with its own flex, best is to use a percentage based approach on monthly basis. With good risk management 5% a month (60% yearly) is no mean feat if you ask me.

Feshizzy:


We Have reached this stage before,
Later you will start looking for 50 sure pips a day, the reduce it to 30,then 20 then 10 then 5 pips.


It's all part of the process,

Just set realistic goals and you wouldn't be under any pressure to meet up with daily da) targets,
Because when you miss your day target, the next day or time your psychology would involuntarily wantto meet up with missed targets,
Or when you loose a trade for the day, you try to meet up.

That's why the problem starts and builds till you fail,
Just set monthly targets in percentage and you will be fine.

Well. In the end,
Na you know wettin you dey see
If you can attain and sustain then go ahead,
Even if you fail, you learn something that books can't teach you and that's experience needed for growth

samfelly:


About the percentage u mentioned (1st bolded), pls, borrow the reply I made to Piptocoin.

RUSHING? Nope, boss, I am not rushing anything. I plan to just enter the market and fetch #JustThe$14 for that day and leave . Nothing more, Nothing less

In short, RUSHING would be me trying to sleep in the market and BUY as it Buys and SELL as it Sells. Rushing would be me saying I want to gain $100 in just a day. I have RUSHED before. This time I am not rushing. I just want to trade responsibly - and $14 a day is on the scale of responsible and consistent trading for me, staring now

Sus4:
Good evening everyone , i am not too good in trading. Gurus in the house Please I need your advice , someone is encouraging me to buy a robot (trading software) from him , pls is it safe and sustainable? Thanks the prompt response

samfelly:


And was it an annual transformation or shorter, please?

Tianamen1:
Compound interest formula

A= p(R+100)^nt
where A equals final amount= 2.5 million
p = initial deposit ($100)
r= rate 5% = .05 +100= 1.05
n=number of times compounding (52 weeks in a year)
t= years (4)

use excel to confirm this.

The problem with this is that you cannot withdraw any money for the whole 4 years. also making 5% a week consistently on one strategy is also impossible.

Basically, your goal of $14 on $100 is equal to 14% per day (impossible). Even if you set out to make a modest 5% per week, which would make you a millionaire in 4 years, you probably will still not be able to achieve it.

But chief, you be mathematician/statistician?

You try. You good

samfelly:
I don't know why, I am always very happy for being in this FTA forum. You guys give the best advice with sound reasons and examples.

And I sincerely appreciate all the contributions that followed this my thought provoking dream . I'll look inward and adjust as pointed out from everyone. Una don succeed in talking sense into this fella

In any case, #$14ADay na just plan (dream), I know say Mr. Reality dey front dey wait for me

Those who dey call Mr. Forex scam and abandoned him after some months, you think say na small thing them see. Mr. Forex wan frustrate me also and I no wan give up dats why I say make I do something to dare Mr. Forex in the face, while staying strong till the process is truly refined.

But really, I go draw strength from una advice. Thank you.

CC: Piptocoin, Feshizzy, Amolak, CopyJoe, Tianamen1, Charly20, Kendoschurrle, Gozzylala, karkinase, DannyFX2638, VlamesIffect

Sus4:
Good evening everyone , i am not too good in trading. Gurus in the house Please I need your advice , someone is encouraging me to buy a robot (trading software) from him , pls is it safe and sustainable? Thanks the prompt response

TradingMaestro:


if it is IPC, It is safe FOR NOW BUT DEFINITELY NOT SUSTAINABLE

Don't put all ur eggs in one market

samfelly:
I don't know why, I am always very happy for being in this FTA forum. You guys give the best advice with sound reasons and examples.

And I sincerely appreciate all the contributions that followed this my thought provoking dream . I'll look inward and adjust as pointed out from everyone. Una don succeed in talking sense into this fella

In any case, #$14ADay na just plan (dream), I know say Mr. Reality dey front dey wait for me

Daboboy:

I was targeting 100pips per day when i started forex new but now with a 1:3 risk to reward ratio i can take 10pips

Piptocoin:


Wow. If the person was making money with the EA (robot) would the person want to give it out? You have met a seller, not a trader. If the person says the robot makes money for him or her consistently then you have met a fraudster. Don't buy any robot. Robots (Expert Advisors) will make you lose more money than you make it.