What %gain per day would make you happy from your trading activity? I know allot of people might like the option in $_Currency. However I'm interested in peoples relative returns values at this time. Thanks for voting!!
***This value does not include Compounding | Reinvesting nor any other complex percentage matrix.
20% / day
Think about Warren Buffet... he became billionaire earning, on average, 25% per year in the last 40 years.
So, if you're really interested on a long term goal and if you're good enough in Math, you can do this simple calculation:
Daily Return = { [ (1 + Annual Return) ^ (1 / 252 Trading Days) ] - 1 } * 100
So, the daily return that can make you rich in the long term is:
Daily return = { [ (1 + 0.25) ^ (1 / 252) ] - 1 } * 100 = 0.09% per day
If you're smart enough and, as angevoyageur said, if you're back on earth, you would set a long term daily goal of, approximately, 0.1% per day.
Everything higher than that is nothing but a dream.
It depends if you have additional income such as job, or not.
100USD initial deposit. 1% per day from fixed initial balance, then you will earn only 260USD a year, with overall balance at 360USD [=100+260]. This gain is still impressive. 260% a year. It is much more than interest rate on bank deposits at banks. You must also think about inflation. You cannot rely on this money to live on, because 360USD icnome a year is insufficient to cover living expenses. And also sometimes you wll loose.
But if you are super-wealthy and can dispose USD10,000 and more, you can be happy with 1% a day. [including losses]. Ideal investment is USD25,000-30,000.
In case you are not such wealthy-enough, you must either forget about trading, or risk more.
From my own experience, I many times on many accounts achieved clear +30% each day. But, after few days or weeks always something bad happen, and you will end at the starting balance [losing all profits...all your endeavor was in vain] or worse [losing profits and initial deposit....left with nothing] or the worst scenario [you must also pay-off debts to your forex broker, because you ended with negative balance].
20% / day
It depends if you have additional income such as job, or not.
100USD initial deposit. 1% per day from fixed initial balance, then you will earn only 260USD a year, with overall balance at 360USD [=100+260]. This gain is still impressive. 260% a year. It is much more than interest rate on bank deposits at banks. You must also think about inflation. You cannot rely on this money to live on, because 360USD icnome a year is insufficient to cover living expenses. And also sometimes you wll loose.
1% a day consistently and patience is enough . . .
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