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

Member Since Dec 19, 2019  45 posts Marketmultitool Dec 19 2019 at 19:59
Better gains in the Stock market if you follow ,20% a month if you play it cool ,bull market is easy trading.

Strength and honor.
AdamCantor

Member Since Mar 18, 2019  50 posts Adam Cantor (AdamCantor) Dec 20 2019 at 14:12
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
stay away fromdeposit boonus brokers is a good start. and risk management is key. stick to your plans and your trading strategies. if unsure, go back to demo before trying new ideas

ProfitableRisks

Member Since Dec 18, 2019  38 posts ProfitableRisks (ProfitableRisks) Dec 25 2019 at 17:36
High risk high reward or lose, but if you are disciplined And remove emotions, take lose when needed and if you can scalp many des and faster, its a simple thing to do, but you must first eliminate your emotions. Like me I risk up to 2% to 3% of account balance to make high gains.
But i usually do not wast time in closing out my profits, and wait to re-enter again. I use accumulating scalping to exit trades, and take lose when due without emotions. I hardly put on my stop loss but use software to take out lose when due, and lastly before I place trades, I must be at least 99% certain about the Daily direction of the pair or pairs of currencies, and news time is coffee time for me, as a technical trader, I avoid news.

Trender
camerongill

Member Since Aug 16, 2011  63 posts BankingOnBullion (camerongill) Jan 12 at 08:25
I believe it is possible and whilst I have only been doing it for about 7 months I feel comfortable in the strategy I have applied.

There are going to be quiet months, such as December where I only made 5%, however things average out when you have the good months.

My opinion is that the key is to have a defined strategy that is not affected by emotion or require interpretation (if X and Y, then Z type formula). The trade triggers need to be clear conditions so that you do not kick yourself after for getting into a trade when you shouldn't have.

With my strategy I automated it using an online tool and still, when I should be letting it do what it does, only 65% of trades are automated as I still prefer to generate manual trades.

The other thing that I would suggest is to trade only one or two pairs as you then have a better feeling about the charts (if the pair is overbought/oversold etc..) and it is less noisy having a screen with 2 charts instead of 20.

Also, if you buy an EA do not believe what you see on the website selling it! They all use the same marketing formula to suck you in, get you emotionally involved and dream of riches beyond your imagination, they put up back-tests with crazy results and make you feel that you need to buy immediately or you are missing out on the opportunity of a life-time. Before you buy any EA I would strongly recommend you look them up on Myfxbook to see how they are performing. Even if they are performing on Myfxbook, then check that they are live trading accounts (funded) and not demo accounts, also check they are on a reputable broker.

from the developer of the Gold Trader trading strategy...
Marketmultitool

Member Since Dec 19, 2019  45 posts Marketmultitool Jan 12 at 12:22
camerongill posted:
I believe it is possible and whilst I have only been doing it for about 7 months I feel comfortable in the strategy I have applied.

There are going to be quiet months, such as December where I only made 5%, however things average out when you have the good months.

My opinion is that the key is to have a defined strategy that is not affected by emotion or require interpretation (if X and Y, then Z type formula). The trade triggers need to be clear conditions so that you do not kick yourself after for getting into a trade when you shouldn't have.

With my strategy I automated it using an online tool and still, when I should be letting it do what it does, only 65% of trades are automated as I still prefer to generate manual trades.

The other thing that I would suggest is to trade only one or two pairs as you then have a better feeling about the charts (if the pair is overbought/oversold etc..) and it is less noisy having a screen with 2 charts instead of 20.

Also, if you buy an EA do not believe what you see on the website selling it! They all use the same marketing formula to suck you in, get you emotionally involved and dream of riches beyond your imagination, they put up back-tests with crazy results and make you feel that you need to buy immediately or you are missing out on the opportunity of a life-time. Before you buy any EA I would strongly recommend you look them up on Myfxbook to see how they are performing. Even if they are performing on Myfxbook, then check that they are live trading accounts (funded) and not demo accounts, also check they are on a reputable broker.


Those quiet months in FX pairs is when Traders switch across to other securities that are performing better ,it's profitable if you can trade where money is parked for that time period ,you can set up price alerts for charts to help with scanning opportunities.
Overbought/oversold refers more to the Stock market where a Stock has an intrinsic value.
Be careful using indicators as most are lagging.

Strength and honor.
bargainTrader

Member Since Jan 14, 2020  1 posts bargainTrader Jan 14 at 00:15
sublimemarkets posted:
Hello, The Answer is NO there is no such thing.

1) Even if consider the most riskier investment available which is Venture Capital, the average return is 20 percent per YEAR.
2) there isn't any investment that guarantees a stable return if there is then the returns will be very very low.

People that argue that it possible ether don't know what they talking about or just bluntly lying.

leverage accounts might show 5-10 percent return but this very artificial you can check my account and see it.
but the reality is when you leverage it means that much bigger capital is involved for example:

1) Your account balance is 1000 EUR.
2) let's say you buy one lot EURUSD which means 100 K EUR.
3) you make 1 percent profit which means 1000 EUR.
4) your balance now is 2000 and 100 percent profit.

in reality, you just made 1 percent.


No, reality, it was a profit of 100% on initial investment. However, this is a ludicrous example because you would be risking huge amount of margin, which is a great way to blow up your account. Moreover, you didn't really answer his question.

lawblow

Member Since Mar 11, 2018  6 posts lawblow Jan 18 at 06:56
I think it's doable, specially when day trading, if you're trading with sufficient capital. $1K capital won't cut it.

Just takes a lot of time, study, charting and experience.

Plus Ultra!
Pcfx1

Member Since Jan 06, 2019  1 posts Pcfx1 Jan 18 at 17:41
It’s possible but it takes discipline and the right psychology

Buy Low, Sell High
almfx

Member Since Feb 13, 2017  71 posts almfx Jan 18 at 23:53
I have been doing this for about two years, consistently .
But my range for my system is 1-10% . As my target is keeping maximum risk below at 1%

According to my experience,

PipEmpire

Member Since Jan 19, 2020  3 posts Pakherol (PipEmpire) Jan 21 at 06:19
Well, I am happy with the outcome. 5% daily for now and trying to stay that way. Intraday trader here.

KISS - Keep it Simple STUPID
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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.