11 Jan 2024. Thursday.
Time. You need time to grow your wealth (within the boundary of the unrealised losses that you can bear to suffer).
If you’re not willing to lose $100, you should not expect to get richer by $3 (assuming a return of 3%).
If you’re not willing to suffer a risk of losing $10,000, you should not expect to receive a return of $300.
If you are not willing to wait it out, I would advise you not to play the forex market.
The forex market is not your avenue to a get-rich scheme.
If you open a trade (with a sizeable lot size) beyond your means, thinking you could get more in return, you are waiting for a disaster to happen.