you are able to do it , depends on accuracy and your hedgin skills, i think its not possible without hedging, but yu must know what to do , when eurusd can easilly move up 80 pips and then down 80 pips in 5M bar, im doing your performance daily, but you must wait you will blow it sometimes, i will give you advice, everyday , safe 30/40% of your daily profit to non trading account and you will be safe ....
You can only make big gains with big risks. If you're not trading quants or HFT algorithms then most likely not.
The question you're asking is very deep in relation to ones system. So i'll keep it simple. If you're a discretionary trader and manually place your trades, then reaching 40% return consistently would be quite incredible without taking signifcant risk.
If you carry this mentality for much longer you're going to shoot yourself in the foot that reaching for high percentage returns in a short amount of time, is what trading is all about. You will most likely blow your account up.
If you have a return of 100% per annum, you can bet your bottom dollar after a couple of years you'll be attracting some serious interest from big investors (at least 6 figure sum) if you can sustain a low drawdown that is. This is far more possible based upon discretionary trading...
Milo's answer isnt really accurate in the slightest.
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...?
The number of such accounts listed under this questions will tell a lot about the chances of an 'average Joe' to make a living on Forex... And we are still not talking about getting rich (with 60% yearly profit...)
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