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best forex strategy for consistent profits
MaxBuddy

Member Since Dec 24, 2018  5 posts MaxBuddy Nov 12 at 08:38
Hello Traders,

I believe the key of Forex Trading is Less Than 15% Draw Down with a method which can makes money, So at the end of the Month, if someone makes 5% at least or up , I believe he is a Professional Forex Trader, do you agree for that ?

Professional4X

Member Since Jan 05, 2016  1150 posts Professional4X Nov 13 at 08:39
MaxBuddy posted:
Hello Traders,

I believe the key of Forex Trading is Less Than 15% Draw Down with a method which can makes money, So at the end of the Month, if someone makes 5% at least or up , I believe he is a Professional Forex Trader, do you agree for that ?


High value hedge funds typically target somewhere in the 8% to 15% annual ROI.

You should consider the annual ROI rather than a monthly ROI as it gives a better overall view of the account across a larger range of market conditions.

My own target is 25% annual ROI.

If an investor has a Live account with $400,000.00 USD and returns a annual flat ROI of 25%, that's a annual return on your investment of $100,000.00

$100,000.00 / 12 months = $8,333.00 per month

Even in an expensive city like New York, a person can live a very comfortable life on $8000.00 a month income.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
MaxBuddy

Member Since Dec 24, 2018  5 posts MaxBuddy Nov 13 at 18:49
Appreciate your Comments, its really worth to improve my knowledge as well as my Trading Pattern.

rickyb

Member Since Oct 23, 2014  54 posts rickyb Nov 16 at 06:08
strategy for consistent profits; been testing types many this year a long with live trading.i really tried most except range trading which i am looking at the moment.the strange thing is the most consistent one is one everyone frowns upon is a martingale. mine needs 75 trades to break even; currently 523 trades with 2 losses in 11 months.just goes to show.being super aggressive can pay off.this is demo ;but only has few levels and only needs small account.the trick is do do what no else does.;for any system;dont follow the herd.i seen people make a lot of money with no indicators;others with.ideally you should have many types of systems so trending and ranging market dont make it useless.just my view.

MaxBuddy

Member Since Dec 24, 2018  5 posts MaxBuddy Nov 17 at 13:36
Thanks for your comments, If I talk about my Trading Style/System, I am not using any kind of EA, Basically my system connected with some of Ordinary Indicators, My Target is some Profits with Less Draw-down, Actually if you do Forex as what you see on MT4 chat or any other Chat, most of the time, you wont be successful, To be a Successful Trader, my Personal idea and Experience is need to see things differently

Professional4X

Member Since Jan 05, 2016  1150 posts Professional4X Nov 22 at 01:00
The best way to make money and to keep it, is to use strict Risk Management and set realistic goals for your trading.

The one thing that sets a profitable investor apart from an investor with a blown account is RISK MANAGEMENT.

Risk Management is the #1 priority above all else.











If it looks too good to be true, it's probably a scam! Let the buyer beware.
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.