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TO GAIN at least 5-10% a month, every month. IS THIS POSSIBLE?
Členem od Dec 18, 2019
38 příspěvků
Dec 25, 2019 at 17:36
Členem od Dec 18, 2019
38 příspěvků
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.
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
Členem od Aug 16, 2011
110 příspěvků
Jan 12, 2020 at 08:25
Členem od Aug 16, 2011
110 příspěvků
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.
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.
Členem od Dec 19, 2019
69 příspěvků
Jan 12, 2020 at 12:22
Členem od Dec 19, 2019
69 příspěvků
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.
Členem od Jan 14, 2020
1 příspěvků
Jan 14, 2020 at 00:15
Členem od Jan 14, 2020
1 příspěvků
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.
Členem od Mar 11, 2018
6 příspěvků
Jan 18, 2020 at 06:56
Členem od Mar 11, 2018
6 příspěvků
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.
Just takes a lot of time, study, charting and experience.
Plus Ultra!
Členem od Jan 06, 2019
3 příspěvků
Jan 18, 2020 at 17:41
Členem od Jan 06, 2019
3 příspěvků
It’s possible but it takes discipline and the right psychology
Buy Low, Sell High
Členem od Feb 13, 2017
251 příspěvků
Jan 18, 2020 at 23:53
Členem od Feb 13, 2017
251 příspěvků
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,
But my range for my system is 1-10% . As my target is keeping maximum risk below at 1%
According to my experience,
Členem od Jan 19, 2020
3 příspěvků
Jan 21, 2020 at 06:19
Členem od Jan 19, 2020
3 příspěvků
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
forex_trader_745947
Členem od Jul 08, 2019
57 příspěvků
Jan 21, 2020 at 16:46
Členem od Jul 08, 2019
57 příspěvků
It's possible but it's not possible in every month
Členem od Dec 19, 2019
69 příspěvků
Jan 22, 2020 at 16:27
Členem od Dec 19, 2019
69 příspěvků
On Forex most traders should be able to gain 1% per day min ,I trade FX up till US open or London close ,trade when vol is high.
Strength and honor.
Členem od Jan 05, 2020
35 příspěvků
Jan 23, 2020 at 10:50
(Upravené Jan 23, 2020 at 11:10)
Členem od Jan 05, 2020
35 příspěvků
Kalamo posted:
I think some people read my post wrong here.
I will repeat myself to stop the madness with CAPLOCKS!!
I said : '5% to 10% return per month is possible'
And the answer is still the same.
For a retail level Forex trader, it is NOT realistically possible 'TO GAIN at least 5-10% a month, every month'.
You are asking someone to guarantee a minimum level of return on the investment at a level of 5% to 10% EVERY MONTH.
High value investment firms consider an annual ROI of 7% to 15% to be a good return on the investment. You want it every month. That's just not going to happen in perpetuity.
If you want to be profitable, make profitable trades.
Členem od Jan 05, 2020
35 příspěvků
Jan 23, 2020 at 11:05
Členem od Jan 05, 2020
35 příspěvků
Marketmultitool posted:
On Forex most traders should be able to gain 1% per day min ,I trade FX up till US open or London close ,trade when vol is high.
Most traders are undisciplined, ignore risk management, and allow their emotions to control their trading.
If you want to be profitable, make profitable trades.
Členem od Dec 19, 2019
69 příspěvků
Jan 23, 2020 at 12:35
Členem od Dec 19, 2019
69 příspěvků
ufotech posted:Marketmultitool posted:
On Forex most traders should be able to gain 1% per day min ,I trade FX up till US open or London close ,trade when vol is high.
Most traders are undisciplined, ignore risk management, and allow their emotions to control their trading.
Better to find some other way to make money if you can't stick to your own rules .
Strength and honor.
Členem od Apr 09, 2019
538 příspěvků
Jan 27, 2020 at 20:43
Členem od Apr 09, 2019
538 příspěvků
Echoing what others have said about the wording here. Every month is a certainty, a guarantee. And there are no guarantees in forex. Risk management plays a big role here. If you are say using 2% flat risk you might hit those figures but over time if you continue to have success a lot of traders lower their risk and as such their earning potential in raw % terms.
If you can't spot the liquidity then you are the liquidity.
forex_trader_538373
Členem od Jul 07, 2018
108 příspěvků
Jan 28, 2020 at 04:43
Členem od Jul 07, 2018
108 příspěvků
My account has been running for 15 months and the return is always over 5%, so it is possible
Členem od Jan 05, 2020
35 příspěvků
Jan 31, 2020 at 22:55
Členem od Jan 05, 2020
35 příspěvků
Členem od Feb 08, 2019
213 příspěvků
Feb 02, 2020 at 18:29
Členem od Feb 08, 2019
213 příspěvků
Kalamo posted:
My account has been running for 15 months and the return is always over 5%, so it is possible
Any tips on how you do it?
Členem od Feb 22, 2011
4862 příspěvků
Feb 03, 2020 at 11:20
Členem od Feb 22, 2011
4862 příspěvků
Treeny posted:From what I see it is very heavy martingaleKalamo posted:
My account has been running for 15 months and the return is always over 5%, so it is possible
Any tips on how you do it?
Členem od Dec 19, 2019
69 příspěvků
Feb 03, 2020 at 12:15
Členem od Dec 19, 2019
69 příspěvků
BluePanther posted:
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.
Very important to make a killing on those trades that stack odds in your favour
Recovery is possible but it can be slow ,good lesson though on cutting losses quick.
Strength and honor.
forex_trader_538373
Členem od Jul 07, 2018
108 příspěvků
Feb 03, 2020 at 19:18
Členem od Jul 07, 2018
108 příspěvků
ufotech posted:You are right, I missed 0.26% on 1 month out of 15. At least there are 7 months that I did more than 10%.Kalamo posted:
My account has been running for 15 months and the return is always over 5%, so it is possible
You did not make 5% every month as you claim.
November failed to meet 5%.
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