fxgenesisfm posted: 100% in 3 months! I think that is very impressive but also very dangerous. If you could make so much in 3 months, you could also lose 100% in 1 month. Yes 1 month.
In my opinion, trading is a slow steady journey, with consistent long run profits, instead of sudden massive profits followed by sudden massive losses. Its just not sustainable in the long term.
Totally agree 100% in 3 months is a challenge and hardly any strategy aimed on consistent no-loss gain could provide such results in a long run. But if you take that same strategy and reduce the ambitions you can have say 25% in 3 months with 4 times less risk.
dhby posted: meaning better entries in first place and clear understanding of what you are doing. of course violent behavior of the market can change everything
It means you trade without stoplosses and soon or later your account will be blown up
Agreed! 100 day challenge where someone would bring in atleast 1.5% profit daily and it's great for anyone who's just starting off so they don't let greed and emotions get the best of them, it lets them get a feel for the market as well.. I never put in a trade until I know that I'm focused on a goal and have my composure level steady
Making such profit for such long period of time like 3 months is not something so impossible to me. I made similar feat at a time when I made use of the moving averages and SAR strategy. What I just do is set the exponential type with say a period of 10. In like manner, I will now add two more averages with like the periods 20 and 30. This will now give me an idea of says when to buy and sell. I could see signal for sale happen when the average with the smallest period crosses the second average from top to down, what I am saying is the signal to purchase occurs at the moment when the average with the smallest period crosses the second average from below up. This strategy really gave me a good run of profits. And with the way this strategy is explained at https://www.profiforex.com/education/professional/ , it is thus not impossible for a trader who has learnt the strategy from there to have a long extended run of profit.
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