The QUESTION remains: Can anybody show a VERIFIED LIVE account on MyFxBook with at least 5% average monthly profit for AT LEAST 2 YEARS and with less than 25% max. DD using a non-Martingale strategy...?
I think you can start giving up now :p
probably, if someone has some system, they wouldn't just post it here to gloat.
So unless you're gonna post it yourself,chances are small someone else will
I guess you are right. It was mainly a theoretical question to see and SHOW to the public what are the real chances of 'Average Trader Joe' to make a living by trading Forex.
Comparing to the performance of the world's best private hedge funds (with 20-40% yearly profit), the stated 60-70% stable gain per year sounds like a fantastic performance. And probably it is fantastic, as for now, nobody could show such a strategy.
So what are the chances of 'Average Trader Joe' to surpass the performance of the best hedge fund managers' surrounded by the best technical analysts and IT guys from MIT each of them being paid 300k+ per year...? Just think about it...
But let's assume - just for a minute - that 'Average Trader Joe' ALONE (or with some friends on the side) can outsmart these overeducated and overpaid guys, and manage to achieve a stable yearly 60-70% profit. With a limited capital (10-20k USD) this 60-70% fantastic gross yearly profit is still barely enough to make a living (500-1000 USD/month), at least in most of the countries. And we are still not talking about becoming rich and moving to St. Tropez (France) or Marbella (Spain) rubbing elbows with the 'Rich & Famous'. So assuming that such a succesful 'Average Trader Joe' exists, he has to recruit investors via any possible means, for which MyFxBook would be the best forum. But where is our successful 'Average Trader Joe'...???? So far we could not find him.
The bottom line is that 'Average Trader Joe' has to surpass the performance of the best hedge funds managers of the world just to make a living. I don't say it is impossible, but I let you to figure out the statistical chances of making it.
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