All you need is to remember this:
"Even 50 Pips a Month Can Make You Rich"
It is absolutely true!
So let´s do some math. You have $1,000 starting capital. You set your lot size to 1 mini lot to trade safely. Now let´s assume you make 50 pips profit each month. That is 600 pips a year. And that equals approx. to 60% ROI (return on investment)
Now let´s see how much it gives you if you compound your profits every year.
Years | Profit |
10 | $109,951 |
12 | $281,474 |
15 | $1,152,921 |
Really nice, right? And if you invested $10k instead of $1k at the beginning, you would make your first million in 10 years.
So trade safely and remember: Even 50pips monthly can make you rich soon.
If you do not know how to trade yourself, you can auto-copy other forex signal providers (traders).