First of all many thanks to everyone for replying to my last post. I've ordered a couple of books, downloaded ebooks, subscribed to podcasts and am all in all excited about the process I am about to undertake. The areas that I am particularly interested in is technical analysis with trend trading and CFD's.
So to my first question (sorry I have two):
What is a realistic consistent return? A return that you can expect per year regardless of normal market fluctuations. It appeared that my 40% expectation was a unrealistic... so what is?
Now my question is pegged to people who are 'proficient' traders that have proven their returns over a 'suitable' period of time. By 'proficient' I mean someone who has confidence in a market and applies a strategy that gives them a certain amount of consistency. By 'suitable' time, I'm not so interested in what someone has done over one month, but more what you achieved over an entire year... or even more.
So for those experience traders amongst us (I know your out there!), what do you consistently return.
Now to my second question:
Trading with CFD is it realistic to expect a relatively simple 20x return? Before I get stomped on, here are my assumptions:
*good money management limiting potential loss
*stop losses to manage the above
So whilst I accept that there is a much greater risk, using the above assumptions could you apply your normal trading strategy to CFD's to increase your return by about 20x?