Having already understood that Forex trading is not the password to instant riches. I assume you are asking yourself why you would want to become a trader if you really need to wait in order to reap the benefits.
A simple mathematical analysis should make you think again.
With an initial $1000 capital and a profit target of 10% every month I will have
1100 at the end of the first month
1210 at the end of the second month
1331 at the end of the third month
1464.1 at the end of the fourth month
1610.51 at the end of the fifth month
1771.561 at the end of the sixth month
1948.71 at the end of the seventh month
2143 at the end of the eighth month
2357.94 at the end of the ninth month
2593.74 at the end of the tenth month
And so on………………………………..
At the end of the 48th month I will have $97,017
With a strict adherence to money management rules of 3:1, a profit target of 10% monthly means putting 3% of your capital at risk every month.
That’s after four years. Can you think back four years of your life and imagine you started the patient journey then how much you could have by now.
It’s never too late to start.
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