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Weekly newsletter of Tah Tor - Issue #1

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Beginning traders often ask the question: How much money will I need to earn X$ a month?There is no d
 

Weekly Newsletter of Tah

January 26 · Issue #1 · View online
We provide top technology news, with investigative reporting and in-depth coverage of vital issues regarding tech, economics, and changes in society.

Beginning traders often ask the question:
How much money will I need to earn X$ a month?
There is no definite answer to this question. Everything depends on each individual trader, his/her trading style, readiness for risk and deposit size.

Traders who want to earn hundreds of dollars a month are always disappointed in their expectations. They desperately try to make money instead of calmly watching the charts and choosing the best trading settings.
The desire to make money usually causes traders to make two mistakes:
  • -Trading too often.
  • Too big risks.
And there is nothing surprising in this. If you’re trading with a $100 deposit and want to make $300, the only way to do it is to take too much risk or open too many trades.
So what’s the solution?
Focus on slow and steady returns. Find a trading strategy that fits your personality.
If you’re earning an average of 2 to 5% profit per month, then you’re doing it right. On the other hand, if you are trying to make 20% or 30% profit per month, you will only lose your money in the long run.
You need a large deposit size to make significant profits. The only way to achieve that is to focus on the trading process itself, to stick to moderate risks and always strive for quality, not quantity of trades made.
More:
Notion – The all-in-one workspace for your notes, tasks, wikis, and databases.
Create a temporary email address
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