I think expecting a monthly return would be a big mistake if you are a beginner.
You might not like my answer but this is the truth. If you really want to become a good trader in the long term and are planning to make a living out of it, I would humbly request you to forget about making returns for the first few years.
I’m not discouraging anyone from intraday trading but focusing on returns would blind your eyes to the more important aspects of trading
- Trading psychology
- Risk management
If you master these two concepts as soon as possible without blowing up your account, you can definitely think about returns.
Trading is a game of probability and probabilities work out in infinity. So if you really want to be a good trader you have to think long term. Many people blow up their accounts due to poor risk management and high leverage.
The best traders in the world even get triple digit returns but again, that takes a lot of skill and they can’t do that every year.
Simply speaking, if you start trading with Rs.1 lakh and if you make 4%, then you can make about Rs.4,000 per month on average. I know that’s not a lot. People think that in order to make a living from the markets you need high returns. That’s wrong !
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