1%/day turns $1000 into $37,783.43 in a year
2%/day turns $1000 into $1,377,408.29
It gets ridiculous after that (even though 365%/year is phenomenal in and of itself)
6% daily turns $1000 into $1,724,411,147,271.40! Yeah right!
35%/month would turn $1000 into $65,106.18 in a year
and that's assuming 365 days/year....there's about 250 active trading days yearly so at a 1% daily trade return you're actually only looking at $12,079.11
No one gets these kind of returns, ever. S+P baseline is around 10% (averaged from 1871-2015 including dividends comes out at 10.71% yearly) anyone who does better than this is doing well. An amazing trader might make an averaged 0.1% per day every day on each trading day. That still amounts to a 25% yearly return!
Let me correct you there: Very few people get these returns - and NOBODY gets is consistently. Also: Where does the money come from? It comes from amateurs who lose it to the big gainers.
Thanks for doing the maths. 10% return per year is great investment in my eyes. I do mainly value investing through stocks. I only invest a very small amount of my portfolio into forex and I do accept the high risk involved but I still it's worth the risk.
This is 'piprancher' he has killed it last few months and consistently made good profits for last 2 months. I've talked to this trader via email, and he is actually moving on to a more premium service where is going to get paid more for his work. thanks again for your comment
10% yearly is no where close to the 1% per day you're saying you consistently get in the OP. It's closer to 1% monthly.
10% yearly is still great, however!