The short answer is yes: you can profit USD20,000 a month trading the market. But let’s be realistic because I do not want you to build castles in the clouds.
To be realistic, set an achievable profit target of 6% a month. If you aim to profit USD20,000, you will need a capital of at least USD334,000. If you have that amount to start in your account, you will achieve your goal of USD20,000.
As you grow and mature as a trader, I have no doubt you will eventually get there. However, if you are just starting your trading journey, I suggest aiming for a more achievable target by removing a couple of zeros.
If you aim to profit USD200 a month, your starting capital should be USD3,340. That is a level most new traders can achieve. As you grow your profits, you may leave it in your account to build your capital size.
Trading success requires a lot of patience and it will be a long and tough journey. You might want to explore our FXPRIMUS Coaching services to shorten your learning curve.
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