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.