Why Patience is the Key to Success

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.

Feel free to share and drop comments.

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Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubt.

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