The truth about trading and money managers

amirms posted:
The best long term FX trader I have seen so far uses maximum leverage of 1:2 to 1:3 . It occasionally happens that he uses 1:5 and that is not for making profit !! It is only the last shot for recovering losses on that single trade . using this low leverage, still he is making 5-10% per month .

Do you have any online profile for such account?

I was just about to ask for the same thing 😉

I disagree with the poster of this topic seriously,I wonder who he's angry at or with ?
I've seen so many account with $10k got traded till they reached over $300k?
Considering not so many investors will have $300k to invest so investment and trading is open to a wide spectrum of choices or tactics and methodologies.We're glad your system turned out well for you,but i'm sure if you're right you won't have employed traders off MFB because with $300k in a personal account,no one needs to trade for anyone else or am i wrong ?

What utter nonsense,this guys talks about trading a minimum of USD $300,000 accounts,doesn't tell us how many but then expects us to be impressed that his 'Fwend' makes a whopping USD $2,000 per day,looooooooolllllll!!!!!😁
I can make that trading 5 accounts at 4 lots for 5 trades a day with a two pip rebate,what an absolute joker!I'm talking no more than USD $50,000,or $10k per account and Charlie Big Potatoes has x amount of USD $300k accounts,I've never heard such hilarious piffle in all my life,just lol!😁

Well, there are many investors out there trading millions. Those people are not showing are here. He is telling the true. However, I also believe you can turn $10K to $300K as long as you can manage your emotion every day you trade for a long long time.

Some truths but he doesn't know everything. Whenever one deem something possible, impossible...one will stop growing. Smartguy should not be too pessimistic but i do agree on most points.

I agree on 90% of this posting. When trading the volatile market that we do, consistency trumps all. Even at a 2% chance of losing 50% of your account, over the course of 5, 4, even 3 years of trading or less, you WILL hit the 2%. At 50% DD, you require a 100% increase in total account equity just to regain your loss. Think about that. 100%. At 20% a month, 10% a month, that's 5-6+ months of trading completely lost, and there is no rule in the book saying that you won't hit the 2% again in those 6+ months, turning those 6 months in 1-2 years, making it even more likely to hit that 2% again.

When you can trade solely based on low risk, low reward, you will be successful. I have been trading for more than 2 years profitably at -0 -> 10% per month (10% being very rare). Just keep that in mind.