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TO GAIN at least 5-10% a month, every month. IS THIS POSSIBLE?
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sevans4262

Member Since Oct 20, 2017  2 posts sevans4262 Jul 09 at 03:36
My team and i consistently make 5% to 10% every week. Its definitely possible.

iamcrazytrader

Member Since Oct 24, 2018  1 posts iamcrazytrader Jul 09 at 10:14 (edited Jul 09 at 10:20 )
Yes, It should be if you are good EA user ! wink


45656

Member Since Jun 29, 2019  62 posts 45656 Jul 10 at 04:15
Every trader can assume to make profit from currency exchanges. Such as: What is the best policy in earning profit: a trader must try to get profit as per his trading abilities. For instance: if you are a scalper then daily some trades can help you to earn profit. But if you are a long term trader then profit margin will be higher as long term trading approaches can ensure increasing profit.

RDV180466

Member Since Aug 13, 2013  5 posts Roberto Dasso (RDV180466) Jul 10 at 14:18
Hi all

I just reviewed the portfolio of CrazyTrader and he has some accounts with an impressive profit, like Trading Against The Crowd (Live course) and some W pattern USDJPY and USDCHF. Very nice EURUSD weekly chart too. My congrats!

Regarding long term or short term scalpers strategies, I am not an expert so I can not recommend one above the other. But for what I have been reading from other traders, if by scalping you can earn a 100% profit, lock in your profit, cash you money and keep winning... I would say it will not hurt you loosing one account if before that you doubled your balance a couple times before and kept your gain safe.

I rather trade on a long term basis with a small DD, but I wouldn't say other strategies are not profitable.

best regards

 

Fearlesswalker

Member Since Jul 26, 2019  9 posts Kelvin (Fearlesswalker) Aug 13 at 17:47
Yes it is possible.
Just write down how much profit you should make per day so that the total profit per month is 10-15%
Well, it depends on the deposit. With a large deposit you can earn faster. But you need to be very careful.

Sinvestvn

Member Since Aug 14, 2019  3 posts Spiderman77 (Sinvestvn) Aug 14 at 05:15 (edited Aug 14 at 05:17 )
I think 5-10% per month is absolutely possible but for a newbie it is very difficult.

Q_FxTrader

Member Since Oct 08, 2018  142 posts Q_FxTrader Aug 14 at 07:23
Yes, it is definitely possible to achieve 5% to 10% per month and even much more than that.

ForexViking69

Member Since Nov 06, 2019  20 posts ForexViking69 (ForexViking69) Nov 16 at 17:27
I’d say it’s high risk. I tend to make 2% on normal account and 4-5% on my riskier account. It is achievable to hit 5_10% but see it as unlikely to be consistent, city traders can hit mad numbers but they have capital, rumour mill, influence, etc...

Winning...
Professional4X

Member Since Jan 05, 2016  1150 posts Professional4X Nov 22 at 00:25
sevans4262 posted:
My team and i consistently make 5% to 10% every week. Its definitely possible.


Market conditions change, countries go to war, currency values can drop to 0.00, many, many, many, MANY things could happen.

It isn't possible to guarantee 5% to 10% every week in perpetuity.

Eventually the statistical probability of loss is going to occur. It might not be often, but it's a realistic possibility.

It's like a coin flip. Most people think the only viable choices are 'Heads' or 'Tails', but there are additional choices as well.

Even if you have one of those coins that has Heads printed on both sides (magicians trick coin), eventually it's going to land on it's edge.

It's most certainly a rarity that it would happen, but it does happen.


If it looks too good to be true, it's probably a scam! Let the buyer beware.
BluePanther

Member Since Jan 25, 2010  1267 posts Matt (BluePanther) Nov 22 at 05:24
Yes, it is possible, but the odds are against you. Consider this:
If you can gain 5%, you can also lose 5% - which you need a 10% gain to recover.
If you can gain 10%, you can also lose 10% - which you need a 20% gain to recover.

Positive variance (gain) = negative variance (loss), so stacking odds in your favour is very important when trading.
And since losses are harder to recover (as explained above), majority of traders lose money.

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EURUSD 1.11174 GBPUSD 1.33352
USDJPY 109.351 USDCAD 1.31719

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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.