Stocks are a different game. Every fag can newstrade stocks. Research shitty electronics companies, buy stock before they release a new product, sit on the stock for a couple weeks, sell stock. Forex is not at all like that.
For a 20% gain to realize in forex, you need a 20% movement (no shit). Lets say you buy eur/usd at 1.2. Youll need to wait for it to hit 1.44. That takes months.
You cant just trade all 7 major usd pairs or all pairs between the 8 major currencies, because they are entangled. That always produces amazing results, til that one time hits when all the trades you entered turn sour at the same time and your bankroll gets reduced by 50-80%, depending on how willing you are to cut losses fast. Will happen within 2 years of deploying that "strategy".
You could do Eur/usd, gbp/jpy, chf/aud. The margin on that last one will already be big. You heard of the news that the chf is now somehow tied to the euro and/or usd? There are more things that yu need to know than "lol german unemployment rate higher than expected, lets short eur/usd".
Even if you manage to enter 3-5 20% trades a year, do you honestly believe that more than 55% of those are winners? If you can prove such results, financial institutions will back you with a 9 figure bankroll and youll get a high double figure percentage cut, no need to trade your own capital.
Ever heard of bankroll management? If you trade your entire capital on every trade, every time you lose a trade, youll spend the entire year chasing your losses (because if you lose 50%, youll need to make 100% back to break even).
Forex can be traded for profit, but you should keep it real and expect 10-20% a year if youre good. If youre not good, be glad you didnt lose much.
