goldfinger777
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Hello goldfinger777, thanx for your informative post. Imho i think pure Net trap is the way for me(though i intend opening another account for INT).
Could you tell me, if i was to have a bank of £3000 and traded at 3percent @ £3 a pip and made 25pips avge a week, what i could seriously hope to make after 3 years using exponetial compounding. Mark posted a graph with this info but for some reason it wouldnt download.
Thanx and kind regards.
Hi Denman, after 3 years you'd have a trading bank of approx £120,000 and you'd be staking about £118/pt at that stage, at 3%MM. This is assuming that you're increasing your stake everyday as your trading bank increases.
In my opinion that's not particularly impressive, but I guess it all depends on your expectations and ambitions. To be honest I'd be a bit disappointed if the long-term profit of NT/INT is only 100pts/month on average.
Personally I'm aiming a lot higher than that and I'm using NT/INT very much as my "backup" plan. I'm currently learning how to identify and trade much bigger gains and longer-term trades than the ones we do with NT/INT.
Having said that, NT/INT is certainly a good intro to Forex and will hopefully continue to be profitable long-term.
P.S. 3%MM really should be your absolute maximum, if you go for anything higher than that it's unlikely you'll still be trading this time next year.