HOW MUCH DO YOU WANT TO CASH? set your target and have it.!!

< Maximizing Your Chances Of Success

You must be realistic. Although the Forex has the potential for making large profits, it is not a get rich quick scheme. You are not going to profit from all of your Forex trades. Even the most experienced Forex traders sometimes get it wrong and make losses. The best you can aim for is to make more profitable trades than losing trades.
Don’t trade with money you cannot afford to lose. You should have at least 10 times your margin in your account. If you lose all the money in your Forex trading account, it should not leave you broke, without cash to buy food or pay your electric bill. Do not expect to open an account with a couple hundred dollars today and become a millionaire by tomorrow.

In reality, only a very small number of Forex traders are successful. The reason most traders fail is because of one or more of the following:

They do not have the discipline to demo trade for long enough.
They expect to profit from every trade.
They are reckless, and trade with money they cannot afford.
They let their emotions influence their trading strategy.
They trade with margins that are too small, i.e. too much leverage.
They don’t take their trading seriously enough, and don’t trade in a businesslike manner.
They try to make bigger profits by taking unwise risks.
They start trading with (and losing) real money, before they have learnt their craft properly through demo trading.
They start trading with multiple currency pairs, before they are competent with just one currency pair.
It is essential that you become competent demo trading, before you risk one penny of real money. Would you expect to become a doctor, surgeon or a lawyer overnight? So don’t expect to become a competent Forex trader overnight.