What is a good profit goal on a forex trade?

Question

I am starting small with a margin of risk of $12.50. I know the earning potential is pretty unlimited but how to I know when to close the deal and take the profit. I dont want to be greedy. I am thinking $12.50 would be a minimum. What do you thing?

Answer 1

Do demo accounts first.  $12.50 really won't allow you to use much.  The general rule is risk no more than 2% of your account on each trade.  

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