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Some Reasonable Montly Return You Can Count One
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traderlight

Member Since Mar 27, 2011  18 posts light (traderlight) May 06 2011 at 10:19 (edited May 06 2011 at 10:21 )
yoohoo999 posted: yoohoo999 posted:
Seems most people on here think that forex is only worth the effort if you can double your bank every week!!!

That sounds like gambling to me.

traderlight

Member Since Mar 27, 2011  18 posts light (traderlight) May 06 2011 at 10:22
yoohoo999 posted:
64% a month consistently would be a dream come true.

Agreed, this is a nice dream that won't come true to most people. But maybe there are those people with this kind of consistent monthly return, I don't know.

traderlight

Member Since Mar 27, 2011  18 posts light (traderlight) May 06 2011 at 10:23
yoohoo999 posted:
£1,000 starting bank

After just 12 months you would be sitting on £378,552.

After 24 months you would be sitting on £143,302,033.

I would say that is a bit more than 'reasonable'

Good luck!

I'll stick with my ambition of a paltry 5% a month wink

Also quote, Ja wrote: I will be happy with 40% at the end of the year......................

Well well, what do you know, my performance now is 47.27% monthly (according to myfxbook autocalculator) after about 5 weeks.
But no, I don't think I'd be a millionaire any time soon, because I don't do much compounding, I like to progressively reduce my risk as my capital grows. I don't know how to calculate my %gain would be after 1year given consistent performance and my compounding usage. I So, I'll wait for myfxbook to tell me. To get an idea, if I don't compound at all and make say consistent 30% of original investment every month, forget about the 47.27%, I should end up with with 360% of original investment after 12 months. Do you think that's 'unreasonable'?

yoohoo999

Member Since Nov 23, 2010  12 posts yoohoo999 May 06 2011 at 10:31

traderlight posted:
    yoohoo999 posted:
£1,000 starting bank

After just 12 months you would be sitting on £378,552.

After 24 months you would be sitting on £143,302,033.

I would say that is a bit more than 'reasonable'

Good luck!

I'll stick with my ambition of a paltry 5% a month wink

Also quote, Ja wrote: I will be happy with 40% at the end of the year......................

Well well, what do you know, my performance now is 47.27% monthly (according to myfxbook autocalculator) after about 5 weeks.
But no, I don't think I'd be a millionaire any time soon, because I don't do much compounding, I like to progressively reduce my risk as my capital grows. I don't know how to calculate my %gain would be after 1year given consistent performance and my compounding usage. I So, I'll wait for myfxbook to tell me. To get an idea, if I don't compound at all and make say consistent 30% of original investment every month, forget about the 47.27%, I should end up with with 360% of original investment after 12 months. Do you think that's 'unreasonable'?


360% ROI per year is HUGE. Your risk must also be huge.

Fair enough if you're risking money that you wouldn't lose any sleep over if it all disappeared in a day. But I just can't see how it's possible to make 360% annual gains without subjecting your capital to considerable risk. The higher the risk your capital is exposed to, the more chance you have of it all going pear shaped and blowing an account.

If you've got a large risk appetite, then that's cool I suppose.

Have you never wondered why institutional traders only look to make less in a year than most retail traders try to make in a week? Preservation and protection of capital. That will generally make more money in the long run that taking large risks to make large profits.

I'm not saying you won't be hugely successful at the end of the year, you're clearly doing something right! But all I mean is that such large gains need large risk exposure, so you're more likely to lose substantial capital than someone making smaller gains with smaller risk exposure.

traderlight

Member Since Mar 27, 2011  18 posts light (traderlight) May 06 2011 at 10:32
And further calculation: without compounding, consistent 30% monthly of my real original capital of £3000, I would require 92.3 years to reach £1M. What would it be like if I do some compounding?

yoohoo999

Member Since Nov 23, 2010  12 posts yoohoo999 May 06 2011 at 10:33 (edited May 06 2011 at 10:35 )
traderlight posted:
    And further calculation: without compounding, consistent 30% monthly of my real original capital of £3000, I would require 92.3 years to reach £1M. What would it be like if I do some compounding?


My point above applies equally. You need to be taking large risks to be making 30% a month profit. How comfortable would you feel taking those risks on a £1m account?


'Large Risk to make Large Gains' is just another way of saying 'Get Rich Quick'

traderlight

Member Since Mar 27, 2011  18 posts light (traderlight) May 06 2011 at 10:38

yoohoo999 posted:
360% ROI per year is HUGE. Your risk must also be huge.

Fair enough if you're risking money that you wouldn't lose any sleep over if it all disappeared in a day. But I just can't see how it's possible to make 360% annual gains without subjecting your capital to considerable risk. The higher the risk your capital is exposed to, the more chance you have of it all going pear shaped and blowing an account.

If you've got a large risk appetite, then that's cool I suppose.

Have you never wondered why institutional traders only look to make less in a year than most retail traders try to make in a week? Preservation and protection of capital. That will generally make more money in the long run that taking large risks to make large profits.

I'm not saying you won't be hugely successful at the end of the year, you're clearly doing something right! But all I mean is that such large gains need large risk exposure, so you're more likely to lose substantial capital than someone making smaller gains with smaller risk exposure.

OK, I respect your views, but no I don't think I am taking excessive risk. I do manage my risk. We'll see..

traderlight

Member Since Mar 27, 2011  18 posts light (traderlight) May 06 2011 at 10:39
yoohoo999 posted:
My point above applies equally. You need to be taking large risks to be making 30% a month profit. How comfortable would you feel taking those risks on a £1m account?

That's why I said I don't do much compounding

traderlight

Member Since Mar 27, 2011  18 posts light (traderlight) May 06 2011 at 10:41
traderlight posted:
    yoohoo999 posted:
My point above applies equally. You need to be taking large risks to be making 30% a month profit. How comfortable would you feel taking those risks on a £1m account?

That's why I said I don't do much compounding

If I ever reach the 1M in my life time, my monthly return off that 1M balance would not be anywhere near 30%

bbc21

Member Since Apr 05, 2011  16 posts bbc21 May 06 2011 at 12:07
I also do not compouding that way as the acc. grow but usually look the possibility of winrate befor going into a trade and according to this, i trade the lot amount i think gives best profit/risk ration. This is the advantave of manual Trading.

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