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TO GAIN at least 5-10% a month, every month. IS THIS POSSIBLE?
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Nasrul_Swing

Member Since Feb 28, 2019  82 posts Nasrul (Nasrul_Swing) Jun 09 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

#BiarLoss_JanganMC
togr

Member Since Feb 22, 2011  4518 posts vontogr (togr) Jun 10 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?

I like what I trade, I trade what I like
susannair_sg

Member Since Jun 10, 2019  2 posts susannair_sg Jun 10 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.


kamal888

Member Since Oct 31, 2013  22 posts kamal (kamal888) Jun 10 at 13:19
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.

momo3HC

Member Since Oct 20, 2018  66 posts momo3HC Jun 15 at 13:01
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. ;)

RDV180466

Member Since Aug 13, 2013  5 posts Roberto Dasso (RDV180466) Jul 05 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.
 

45656

Member Since Jun 29, 2019  62 posts 45656 Jul 08 at 04:35
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.

Laksa56

Member Since Jun 26, 2019  11 posts Laksa56 Jul 08 at 10:05
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

togr

Member Since Feb 22, 2011  4518 posts vontogr (togr) Jul 08 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

I like what I trade, I trade what I like
RDV180466

Member Since Aug 13, 2013  5 posts Roberto Dasso (RDV180466) Jul 08 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.
     



       

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.