Trading – 2000 Pips Per Month (IS IT POSSIBLE?)

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2000 Pips Per Month…would you like to achieve such a profit like that trading forex each month? Let me tell you my embarrassing story: I once traded a $8,000 trading account and within a few months, turned that account into $22,000.

The following month, I figured that I can take this $22,000 trading account and turn into $50,000 at the end of the month.

In order to do that, I have to make 2,800 pips that month.

That would be like $28,000 in forex profits to be made during that month.

So I went to trade…

And I didn’t trade small. I traded huge contracts. I over leveraged my account. And when I lost, I wasn’t losing in hundreds…I was losing $2,000, $3,000 amounts.

My mind was like in a frozen state.

Revenge trading mindset kicked in.

When I was down to $10,000, common sense would have prevailed to get back to my senses: to take a break and trade small contracts to build up my forex trading account up again.

But it didn’t.

Long story short: I busted my forex trading account.

The good thing though: before I took that $22,000 to zero, I managed to withdraw $5,500 in profits. So my forex trading loss was less $2,500.

You may read or see some traders claims online about making such insane forex profits like these:

make 2000 pips per month (if you are trading 1 standard lot, that $20,000 dollars in profits per month)

Busting my $22,000 into zero in a few weeks taught me an important lesson: never have a figure in your mind about how much profit to target each month when you are trading forex. That is a recipe for disaster.

Now, let me get back to the question: is it possible to make these kinds of profits trading forex each month? I will give you my answers shortly below.

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