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Is 35%+ per month sustainable?

AliaDare
Sep 28 2020 at 00:57
624 posts
The price movement in the Forex market is not always the same. Due to which the profit does not always come somehow. You are targeting 35% but it may not come in any month due to volatility. Then you have to be happy with 10-20%. If you are not happy with it and want to earn a 35% profit, it is very harmful to trading.

UweMoench
Sep 28 2020 at 12:32
589 posts
@LyudmilLukanov yes having target is motivating. But the target should be long term. Like 3 months target. It gives us space. Short term target can create pressure and be the reason of over trading.

Duktilar
Sep 28 2020 at 14:02
112 posts
Some people usually take short-term goals and think that thanks to this they will be able to motivate themselves as much as possible, but they are wrong.

GeorgeBischof
Sep 28 2020 at 18:41
318 posts
Making profit consistently is a difficult job in forex market. But if you have proper knowledge and experience, it is possible to earn a fixed target from this market. But for that, you have to work hard.

FLCFX
Sep 28 2020 at 19:37
15 posts
How would you define sustainable? If you are talking about years after years then no, the account will get blown up.. It's just a matter of time. If anyone tell you otherwise, find anyone who can provide you with myfxbook with a reputable and regulated broker who can provide you at least 3 years of track record on that.

MrRolex (diogomx)
Sep 29 2020 at 06:06
12 posts
FLCFX posted:
How would you define sustainable? If you are talking about years after years then no, the account will get blown up.. It's just a matter of time. If anyone tell you otherwise, find anyone who can provide you with myfxbook with a reputable and regulated broker who can provide you at least 3 years of track record on that.


Basically it can't be a 3 years track record, because 35% monthly compound any broker would kick you out ;)

Protecting your capital is more important them make more capital
marco_mmbiz
Sep 29 2020 at 09:11
365 posts
The most safe way to trade is making something between 0.5% and 9.5% per month over a few years, and also not withdrawing all the profits at once.

patience is the key
LyudmilLukanov
Oct 30 2020 at 17:51
588 posts
marco_mmbiz posted:
The most safe way to trade is making something between 0.5% and 9.5% per month over a few years, and also not withdrawing all the profits at once.

I think 0.5 is too low. I recommend newbie 3-5% per month return. if you can achieve that, then aim for 10%.

Robert (Robert647373)
Nov 03 2020 at 07:52
93 posts
This is a worthy goal. But you may not be able to earn so much every month. If in general this is the average monthly trading result for the year, then you are doing everything right.

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