I am new to this forum. I have some questions for others who trade forex, but my primary question for now is 'what are people's goals in trading forex, especially as a return on investment per year and on time employed trading?'
For example, what are reasonable expectations and results for return on capital? Do traders generally seek to make more than 100% per year, or is anywhere from 20-50% (or 2-4% per month) per year sufficient for most?
And in answering this, how does it relate to time employed? For example, if someone was looking to make say anywhere from 2-4% per month, then how much time (not including start up/training/education/back testing times etc) per month is generally acceptable? Say if you were looking to make say 2-4% per month then should it be reasonable to only to have to devote say 10-15 hours or less per month actually trading (including looking for trades and then managing trades)? The flip side to this would be, if you devote the same number of hours trading forex as you would in a job (say 40 hours per week), then what sort of monthly or yearly returns would one expect?