Do you have unrealistic profit expectations?

[syvellevy]

A lot of new forex traders have unrealistic expectations when they start trading forex. The goal for every trader in the first year of trading should be not to lose money, which is not case with the new traders. They think they can make 20-30% profits per month which is the percentage of profits what professional traders are making per year. Do you have unrealistic profit expectations?

[AbdulShiek]

Yeah, I always have an ambitious trading goal. I thought it is possible to earn more than 100 percent of my trading capital.

[syvellevy]

when we say unrealistic, its something like my first 150-200 deposit would be 2000-3000 a month, well yeah that was my mentality when i started trading a couple of years back and oh boy did i learn the hard way :) but now I learned to appreciate a breakeven trade and be grateful that no loses were made! Im quiet happy with any positive outcome on a monthly basis even if its less that 5%

[Mr. Cid]

I thought I could double my trading capital in a week.

[Newbie_trader]

I thought I could double my trading capital in a week.

That's too ambitious man! You could double your trading capital if you hold your trade for a year.

[Mr. Cid]

That's too ambitious man! You could double your trading capital if you hold your trade for a year.

I don't have any idea how difficult to make decision when the market is too volatile.

[alkeanAnidem]

Well its not good to have an unrealistic expectation in forex trading. Your primary goal should be very achievable goal so that u don't get disappointed if you don't make unrealistic returns. However if you make anything extra you shall be glad

[vitadlmundo]

My goal is to make 10% monthly because I have 3K equity and 300 USD is enough to make off living. However I'm planning to raise my target because I will soon increase my deposit.