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Can you consistently make a profit of USD2000 on a USD5000 account?

GoldenGrail
Apr 02 2013 at 21:20
3 posts
https://www.myfxbook.com/members/GoldenGrail/gfi-conservative/499652

Multiply it by 4x and you will get 40% income with < 20% max dd. (Its managed account , link in profile)

FxMasterGuru (FxMasterGuru)
Apr 03 2013 at 00:39
1607 posts
Financialarts posted:
SimpleTraders posted:
Yes, you can make more than that if you understand how the banks trade and work your strategies to tag along when they move price. Here is a live account just launched to achieve some more aggressive trade goals that answers your question. Be warned, it takes a lot of experience (that means you made every mistake possible and learned) before you can manage the larger gains safely. This is not for newbies...

https://www.myfxbook.com/members/SimpleTraders/4-risk/512089


This is funny and tragic at once... (in view of the self gloryfying statements)

-76% DD in less than a month. Apparently there is something more to learn... Maybe it would be enough to reverse all trades. A very simple way to make this stragegy a winner.

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FxMasterGuru (FxMasterGuru)
Apr 03 2013 at 00:46
1607 posts
chisha posted:
Pip Generator this is incredible stuff!! Tell me how long have you been trading and at which point did you become consistently profitable? did you learn forex trading on your own?
I want to become a master trader someday and with people like you proving that it's possible to make 40-50% returns in two months although very difficult but it's possible!!! share your knowledge oh wise one!!


Do not fall for less than 2 months results. Any strategy with less than 6 months of verfied results does not mean much. The Forex cemetary is full of strategies which blew accounts even after 6 months' of stable profitability.

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Anmaric_LTD
Apr 03 2013 at 10:39
61 posts
You should find at least 6 months, with good ratio...
Be aware of demo results etc

Marcellpetersen (Marcellpetersen)
Apr 03 2013 at 17:58
18 posts
I do not think that you can earn 40% on your capital every month. Make your expectations right, before you can trade for consistent gains.

Testing a strategy is not a matter of time, only market conditions. That means, if you want to know all about a strategy, it has to have been through all possibly market conditions.

If you are validating a range trading strategy under range conditions, it turns out to be just fine, but what happens when it goes through brake out conditions, or a strong trend?

Also, i do not thing that trading is about finding an EA, applying it to the chart and then just let it run, it is, in my opinion, not trading.

Trading is about analyzing the daily charts, make your trades or not, depending on the market. You can not expect to win each and every month, expect draw down periods and accept them as a part of your trading.

Make some good trades, take off half of the profit, and continue the good work, day after day, month after month, year after year - that is trading.


scalpingforex
Apr 10 2013 at 04:21
45 posts
I can make it sometimes on good volatile months only, check my results here https://www.myfxbook.com/members/scalpingforex/client-1/518945

however 40% profit every single month is not realistic, 5 - 10% on average monthly is very possible though.

FxMasterGuru (FxMasterGuru)
Apr 10 2013 at 09:22
1607 posts
scalpingforex posted:
I can make it sometimes on good volatile months only, check my results here https://www.myfxbook.com/members/scalpingforex/client-1/518945

however 40% profit every single month is not realistic, 5 - 10% on average monthly is very possible though.


Come on!! You are running 6 strategies and showing the most profitable one - with statistically insignificant 8 TRADES and LESS THAN A MONTH history - as an example of your talent... What about your other 2 months old strategy showing a LOSS...??? https://www.myfxbook.com/members/scalpingforex/fxprimus/498780 Why did not you show that one as 'check my results here...' Oooops...!!!

The Forex cemetary is full of sceletons of 'successful strategies' which blew accounts after even 6 months of 'success'. Anybody touting a strategy here with less than 6 months of stable profitable history is just a Forex Peacock who wants to get rich by risking OTHER people's (usually naive noobs') money.

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cavemanrich (cavemanrich)
Apr 10 2013 at 15:09
5 posts
FxMasterGuru (FxMasterGuru)
Apr 10 2013 at 15:24
1607 posts
cavemanrich posted:
My system made more than 30% with less than 1% risk to ruin
https://www.myfxbook.com/members/cavemanrich/caveman-cash/530591


Your strategy has less than 2 weeks history. 😄 Come back in 6 months...!

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minutemanmissile
Apr 10 2013 at 20:19
29 posts
Guyz this is new https://www.myfxbook.com/members/minutemanmissile/minuteman-pips-missile/536808 but still want to show you. I think it has surpassed the 40% mark already.

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