Which has better odds of making a profit? Risking 1 to make 2 or risking 2 to make 1?
1:2 has 33% odds to win, 2:1 has 77% odds to win. Most people would then say "well the end profit is the same, it evens out" but that's not true as win rate is for each individual trade. It's not cumulative like everyone thinks. Ex: If you take 2 trades with 33%, odds are you lose both. If you take 2 trades with 77%, odds are you win both.
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How much do I need to grow my account per month to be considered profitable. I understand technically its 1% but I doubt that's what people are talking about when they say profitable trader. You know, if you're making a profit, then you're profitable—
I am sort of new to forex, although have spent months learning the market/patterns etc. Have been practice trading on different pairs, but have liked USDJPY the most so lately I have focused on USDJPY. Was wondering if you all have had any tips on making a trading strategy?
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