AlexanderGB
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- Feb 9, 2023
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The essential question that should be asked is, how was this achieved, and can it be replicated? It's only considered good if the performance can be sustained over an extended period. Additionally, it's crucial to determine the market conditions that led to the 8% return and the amount of capital risked per trade.
It's essential to remember that simply sharing how much money was made in a week is not valuable. There are countless similar stories out there, and many traders end up losing their profits or blowing up their account. Therefore, it's vital to focus on one's process, plan, entry/exit criteria, and risk management instead of relying solely on the percentage return.
Earning an 8% return in a week is promising, but it's crucial to avoid developing an overconfident attitude, thinking that one has figured out the market. Focusing on proper risk management and following one's plan is the key to success in forex trading.
It's essential to remember that simply sharing how much money was made in a week is not valuable. There are countless similar stories out there, and many traders end up losing their profits or blowing up their account. Therefore, it's vital to focus on one's process, plan, entry/exit criteria, and risk management instead of relying solely on the percentage return.
Earning an 8% return in a week is promising, but it's crucial to avoid developing an overconfident attitude, thinking that one has figured out the market. Focusing on proper risk management and following one's plan is the key to success in forex trading.
