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This is the Strategy! Don't be greedy.
As far as I am concerned monthly %10 increase of your balance with 1000$ after 5 years later it will be 350.000$. Just be patient. Don't be greedy. This is the best strategy ever! Take a look the chart :
I written (req) in the title and not sell.
The reason many are not successful is because of greed. Forex is not a get rich quick business. I have lost a lot to greed have learnt in a hard way
In my opinion, The hardest of this plan is how to get consistantly average of 10% every month for 5 year. When account size quite small it is not to hard, but when account size growth it is too hard. You must have a good mental.
Do you know a strategy that gives 10% per month? (meaning repeatable, because I have used strategies that made much more and later on lost the profits)
As a general thumb your idea is right (I must admit that my losses come when I am not happy with 0.5% daily and go for more)
In my opinion forex trading business is the only available legit business which allows us to make better returns than any other business.
Forex is a really good way to make money without dragging in huge bags with a load on yourself. I remember when my brother and I started the first problem was not knowing the market in which we want to invest our money. This information is available in books from new publishers, but we are not fans of reading.
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