Here is an Excel Spreadsheet I found on the internet that I thought I would share with all the members here on Babypips, both newbies and veterans.

INCOME TAX CALCULATOR AFTER BUDGET | SIMPLE TAX INDIA

The calculator is easy to use. Just input your initial deposit and your expected monthly return precentage in the top left boxes.

It will then show you the growth of your account month by month along with monthly income based on the numbers you input. This should make you understand that you don't need to double your account each month to make good income from Forex.

As stated by many traders: Forex is a game of discipline and patience. Hope this little thing can help some people out there to set achievable and realistic goals.

Play around with it and see for yourselves. Have a nice weekend folks!

See you next week! I think these things somewhat fuel greed.

This can be a vary counter productive distraction to certain people. That said this calculator is interesting to mess with.

Monthly Income Scheme

But don't aim for a certain percent every month. As long as your in positive pips your doing great for the month IMHO. You have a good point there. It all boils down to personal goals.

But again, like everything else, it depends on individual interpretation. It will fuel someones greed, but my intent is actually to put things in a healthy perspective. Monthly Forex Income Calculator Trading Discussion.

How to use the calculator: What does this calculator prove? The calculator is compressed to a zip file for attachment compatibility reasons.