Yes and more, just check EA Pros is added in Strategies and for Free.
May 29 2019 at 12:45
iamartist posted:
Dear FX Traders.
I am not much experienced trader and also really not understand at all about Forex. I just did it simply.
From historical trading, please kindly advise if any missing important thing which I might damage my money.
Cheers.
Artist
TO GAIN at least 5-10% a month, every month. IS THIS POSSIBLE?
Yes it is possible. Short term.
For long term there will alsways be some losing months.
May 31 2019 at 06:31
being positive every month is impossible. trading is just not like that. sometimes the markets are ugly and their will be losses. But as long as the account is positive at the end of the year then all is good
May 31 2019 at 09:32
I have spent almost a decade looking for an EA or system that could do something like that. My EA and manual system library is massive. I tried thousands. Even tweaked some martingales to do quick withdrawals - In the 'almost decade' I only found a single EA and manual that I am Happy with. But like @togr says... is not all moonshine & roses.
If you want to go fast, go alone. If you want to go far..Go together..
Javytrader posted:
being positive every month is impossible. trading is just not like that. sometimes the markets are ugly and their will be losses. But as long as the account is positive at the end of the year then all is good
This is true, it's all about the long term
Jun 03 2019 at 11:29
It's possible if you have a healthy strategy and you are willing to take the risk i.e any strategies performance can be magnified by increasing position size.
Some months may return less than 5%, some months more than 10%, but 5-10% as a monthly average is realistic for retail traders, if you are profitable.
If I can do it, so can you!
Jun 04 2019 at 13:55
hahah 5-10 % is nothing ....now a days as so much market techniques and strategies are exist and traders are being so educated and experienced so they are making profit , but specially 5-10 % profit per month is nothing now a days , i can give u 5-10 % , i am making 30 % in an account average with very safe , while when i tried 100 % per week or 200 % per month , sometime some accounts got loss , and sometime i won
skype id millennium.analyst
trendfollowers posted:
In the 'almost decade' I only found a single EA and manual that I am Happy with.
Can you share more about it?
fxsc1lper posted:
hahah 5-10 % is nothing ....now a days as so much market techniques and strategies are exist and traders are being so educated and experienced so they are making profit , but specially 5-10 % profit per month is nothing now a days , i can give u 5-10 % , i am making 30 % in an account average with very safe , while when i tried 100 % per week or 200 % per month , sometime some accounts got loss , and sometime i won
30% per month? How you doing that?
Treeny posted:fxsc1lper posted:
hahah 5-10 % is nothing ....now a days as so much market techniques and strategies are exist and traders are being so educated and experienced so they are making profit , but specially 5-10 % profit per month is nothing now a days , i can give u 5-10 % , i am making 30 % in an account average with very safe , while when i tried 100 % per week or 200 % per month , sometime some accounts got loss , and sometime i won
30% per month? How you doing that?
I agree 30% per month is very reasonable. With the right mindset and right strategy and deep understanding of the very core of economy also will help in trading, it will help in getting the confidence in trade. I have passed the final stage of trading, and I can really say the hardest part is only to think like a successful trader. That includes not too greedy or too scared and also not treating forex like a gambling arena.
If i could break it down to few components, it will be as follow
1) A working strategy that has been tested for at least 2 years(to filter out what works and what doesn't with the technique)
2) Patience, patience, patience
Once you have this 2 components your trading will be almost(not entirely) autonomous, all those hours that you spent on watching chart ticking will do the magic. You will know which direction will move next.
Jun 09 2019 at 23:36
@kamal888 Good luck on your martingale system.
30% for me is unreasonable in forex trading. Maybe someone can make it but, the chances to stop out is very high.
Forex market is 24/5, why not you make profits consistently instead of one time profit only?
Good luck
30% for me is unreasonable in forex trading. Maybe someone can make it but, the chances to stop out is very high.
Forex market is 24/5, why not you make profits consistently instead of one time profit only?
Good luck
Jun 10 2019 at 07:09
fxsc1lper posted:
hahah 5-10 % is nothing ....now a days as so much market techniques and strategies are exist and traders are being so educated and experienced so they are making profit , but specially 5-10 % profit per month is nothing now a days , i can give u 5-10 % , i am making 30 % in an account average with very safe , while when i tried 100 % per week or 200 % per month , sometime some accounts got loss , and sometime i won
Why are you so shy and do not share a single account with such great results of yours?
Jun 10 2019 at 10:42
It is possible, if you do proper risk management, set proper SL and TP and follow the trend. If you make entry based on technical and decide the pair based on fundamentals then yes it is possible.
Nasrul_Swing posted:
@kamal888 Good luck on your martingale system.
30% for me is unreasonable in forex trading. Maybe someone can make it but, the chances to stop out is very high.
Forex market is 24/5, why not you make profits consistently instead of one time profit only?
Good luck
I find it rather, cute that you think I'm using martingale. But, wtv.
susannair_sg posted:
It is possible, if you do proper risk management, set proper SL and TP and follow the trend. If you make entry based on technical and decide the pair based on fundamentals then yes it is possible.
Simple said it but not so simple to do it. ;)
Jul 05 2019 at 19:49
Hi. I really think it is possible but it takes a lot of time to get to the point were you know exactly how to do it.
Invest on a good EA (robot) with a low DD. Or copy trades from experienced traders, so you can diversify your risk. Always try something new on Demo account while at the same time stay on a safe haven on your real account. And if you can, work with someone with more experience in forex, so best advice: find a coach, and your return on your investment will improve dramatically.
Invest on a good EA (robot) with a low DD. Or copy trades from experienced traders, so you can diversify your risk. Always try something new on Demo account while at the same time stay on a safe haven on your real account. And if you can, work with someone with more experience in forex, so best advice: find a coach, and your return on your investment will improve dramatically.
What I wish to achieve from forex trading is the autonomy of earning and extra level of income apart from regular earning. Though flexibility, liquidity, increasing income facilities, etc. all are various benefits that a foreign currency exchange trader can receive, every trader has diverse objective in terms of trading. Each trader must try to go forward with suitable trading strategies which will facilitate easy objective achievement by fulfilling his needs here.
RDV180466 posted:
Hi. I really think it is possible but it takes a lot of time to get to the point were you know exactly how to do it.
Invest on a good EA (robot) with a low DD. Or copy trades from experienced traders, so you can diversify your risk. Always try something new on Demo account while at the same time stay on a safe haven on your real account. And if you can, work with someone with more experience in forex, so best advice: find a coach, and your return on your investment will improve dramatically.
Nice in theory but how do you get a 'good EA'? Some of the fully automated ones pretty bad
Jul 08 2019 at 10:09
Laksa56 posted:RDV180466 posted:
Hi. I really think it is possible but it takes a lot of time to get to the point were you know exactly how to do it.
Invest on a good EA (robot) with a low DD. Or copy trades from experienced traders, so you can diversify your risk. Always try something new on Demo account while at the same time stay on a safe haven on your real account. And if you can, work with someone with more experience in forex, so best advice: find a coach, and your return on your investment will improve dramatically.
Nice in theory but how do you get a 'good EA'? Some of the fully automated ones pretty bad
Many of the EAs are bad. It is quite easy to program an EA which will trade, it is hard to programm EA which is long term profitable. I am managing so many accounts EAs are the only way to handle it
Jul 08 2019 at 19:35
Hi Vontogr
I agree with you. Most of the EAs out there are just rubbish, so I decided to program my own EA. It took me 10 years to have something that CAN be profitable, but only on certain pairs, on certain time frames, and when the market behaves in a certain way. And even on those rare occasions I still have to close some orders manually in order to keep the DD on a reasonable level. So in my opinion an EA can be profitable? Yes, but such an EA will cost a lot of money (not USD 99.95), and even so it will not be error free, you will need to know when (or when not) and how to use the EA to make it profitable.
I have tried a number of EAs and Binary Options signals: Binary Robot 365, Maximus Edge Autobot, Tai Robotic, … you should take a look at BinaryOptionsArmy before trying any of those systems. I wasn't successful and probably very few people were able to make money with these systems because they do not exist anymore now ( well, Binary Robot 365 is still there). I have followed a lot of 'Katie Tutorials' Binary Options lessons on YouTube, and some of her strategies are really good, but without proper money management techniques you will end up blowing your account, as I did.
I have tried a number of systems out there: Piet Swart's Income Map, Toshko Raychef's NSOFT, Russ Horn's Rapid Result Method and Forex Master Method, Hector Deville's 3SMA Trend Riding System, Nicola Delic's Rapid Cash Accumulator and Quattro Cash Envelopes, and I even tried to understand Bill Williams' Trading Chaos book. Some of this systems are free and you can follow them on YouTube, and some are not. So I had to spend money $$ and time to get an idea of how to trade using certain techniques, and a couple years later that technique was obsolete (maybe still profitable but on lesser occasions) because the market changes continuously. So using an EA is the same as working on your trading skills, you need to know what you are doing and if that particular technique will make money or not, on a certain pair, etc. One good system (but not 100% reliable), in my experience, is SynergyPro from Dean Malone/Compass FX, which uses the TDI Indicator (based on the RSI Indicator). Nicola Delic shared some very good indicators over the Internet too. I have seen some resent posts where the autor states that he joined Dean Malone's live room but he is not using almost any of the techniques he teaches, so he is probably making more money teaching than actually trading. If you copy a certain trader or system, try to understand what he is doing, so that at the end you are able to judge any system and trade by yourself.
Long term EAs do not exists, because the market changes continuously, new systems take advantage of higher computational power and change the rules of the market. New players come into the scenery and they push the limits else where. So invest on your knowledge, not on other's knowledge.
But regarding to the original question, if you can win a monthly 5%-10% consistently, yes it can be done. And my best advice is find a good coach, learn how to trade, and that way you will recognize if a certain system , method or EA can be profitable or not.
I agree with you. Most of the EAs out there are just rubbish, so I decided to program my own EA. It took me 10 years to have something that CAN be profitable, but only on certain pairs, on certain time frames, and when the market behaves in a certain way. And even on those rare occasions I still have to close some orders manually in order to keep the DD on a reasonable level. So in my opinion an EA can be profitable? Yes, but such an EA will cost a lot of money (not USD 99.95), and even so it will not be error free, you will need to know when (or when not) and how to use the EA to make it profitable.
I have tried a number of EAs and Binary Options signals: Binary Robot 365, Maximus Edge Autobot, Tai Robotic, … you should take a look at BinaryOptionsArmy before trying any of those systems. I wasn't successful and probably very few people were able to make money with these systems because they do not exist anymore now ( well, Binary Robot 365 is still there). I have followed a lot of 'Katie Tutorials' Binary Options lessons on YouTube, and some of her strategies are really good, but without proper money management techniques you will end up blowing your account, as I did.
I have tried a number of systems out there: Piet Swart's Income Map, Toshko Raychef's NSOFT, Russ Horn's Rapid Result Method and Forex Master Method, Hector Deville's 3SMA Trend Riding System, Nicola Delic's Rapid Cash Accumulator and Quattro Cash Envelopes, and I even tried to understand Bill Williams' Trading Chaos book. Some of this systems are free and you can follow them on YouTube, and some are not. So I had to spend money $$ and time to get an idea of how to trade using certain techniques, and a couple years later that technique was obsolete (maybe still profitable but on lesser occasions) because the market changes continuously. So using an EA is the same as working on your trading skills, you need to know what you are doing and if that particular technique will make money or not, on a certain pair, etc. One good system (but not 100% reliable), in my experience, is SynergyPro from Dean Malone/Compass FX, which uses the TDI Indicator (based on the RSI Indicator). Nicola Delic shared some very good indicators over the Internet too. I have seen some resent posts where the autor states that he joined Dean Malone's live room but he is not using almost any of the techniques he teaches, so he is probably making more money teaching than actually trading. If you copy a certain trader or system, try to understand what he is doing, so that at the end you are able to judge any system and trade by yourself.
Long term EAs do not exists, because the market changes continuously, new systems take advantage of higher computational power and change the rules of the market. New players come into the scenery and they push the limits else where. So invest on your knowledge, not on other's knowledge.
But regarding to the original question, if you can win a monthly 5%-10% consistently, yes it can be done. And my best advice is find a good coach, learn how to trade, and that way you will recognize if a certain system , method or EA can be profitable or not.
