I always refer Forex is an ATM or Money Making Machine. Why? It can generate at least 3-25% per month average return to me. To some of my prospects who have the mindset like 'Ah Long', they want 10% per week. I quietly told my business partner if they have this kind of return and can prove to us, we would very happy to park the money with them. Ironically, most of them still come back to us in the end of the day.
Please don't treat Forex market like casino, it can be a casino if you are using excessive leverage and simply trade. If you are lucky, you may strike few round with more then 100% return. But in long run, I can guarantee you will lose all your money. Greed and Fear kill all the novice traders!
When I place a single trade, I have my hypothesis and methodology to support it. Forex is a volatile market, it is like driving F1 on the circuit and you need to stay focus no matter how. Sometimes, I admit I make mistake and lose control and it will result a viral negative impact to my accounts. I cannot sleep well and thinking somethings are wrong, the rhythm of the market cannot syn with my brain and soul. I quickly find out what had happened. (Recently, when Euro under attacked, I was keep thinking the fundamental and technical pattern have ran away. Speculators wrecked the Euro by following the trend. Even I hedge my positions but the market make me feel very uneasy)
To turn Forex market into your money machine, you will experience all kind of market conditions. As long as you are in control, you will sense and feel the market is right or wrong. When you have proper risk management strategy in place, sometimes you can make 25-50% return in a month. When you lose control, you will occur loses. (In my cases, it is always a hedge loses and will turn into profit in long term.) I only need to stay patient and wait for the right moment to strike. The good news for me is my accounts are growing and I already set up more and more money machines. One day, the machines will generate money to me, my business partner and my clients in every second.
