Making profit

What do you need to start with in order to make money in forex?

Reason i ask is that if you use 1-3% of your capital per trade

Say you profit 2% average that month, does that mean you'd make 2% of the 3% risked?

ie. 0.0006

or does come back 2% on top of the risked capital.

or 2% of the capital owned.



Thanks, plese bear witht he confusion, i'm still learning

 

Hi there,

Keep in mind that risk/reward calculations should be independant..
If you risk 1%, then your target should be 2-4%(depending on volatility)....

again... risk 3%...target 6-12%

hope this helps

 

Would you mind not to use my capital, if you still have any of yours left? Thanks!

 

cbyp,

I would highly recommend that you read Van Tharp's "Trade Your Way to Financial Freedom". Before you do anything else. Good luck.