I welcome to this article today which is about question I see frequently on the net and I get frequently asked it as well which is can a person make 0% per month trading Forex and to answer this question I need to go through a few points the first one is you will not make 0% every single month.
I mean it's just ridiculous you can't do that in forex markets even the best traders in the world I can have losing months that's just the way it is but in today's Forex you know promotions you know you get all these guys selling robots and and these secret systems that will even tell you can make money every single day it isn't true now can you make 0% as an average per month.
If you judge your performance over a year or two the answer is yes but what you've got to remember is the profits and losses are randomly distributed in forex and I've done other s on this where you know you've got to look long term you're gonna have bad months but over the long term of your systems got an age then your profits and losses will even out.
And your edge will take effect over the long term it won't take effect in such a short period as on for two and what I want to do next really is like if you understand this you know that profits and losses around and redistributed you need to basically always keep in mind to avoid the outcome bias the outcome bias is when you put a trade on but it means you've obviously got to be happy betrayed losses you have to avoid the getting angry frustrated thinking.
You did something wrong or thinking that you know you should chop and change systems you know you don't need to you just have to yeah all the great traders just accept a loss as part of the game there's any emotion wranger or frustration it's just accepting as you you know you have to take losses to make profits longer-term so.
I think yeah my point of this is you need to judge performance long-term you know in forex you can make you know seen traders you know traders performances will vary but I've seen traders do hungry 200 percent per annum sometimes and yes that does average back quite nicely to 0 or whatever percent per month but they will have some months in there they will drop by 0 percent or 5 percent or even 20 percent.
Then they'll recover you just have to get used to the fact that you judge for x over the longer term and in the short term you cannot judge performance okay so if you lose in a month it doesn't make you a bad trader and if you win a big amount in a month doesn't make you a good trader you judge long term so I hope you enjoyed the thank you for reading again and take care thank you.