Is it possible to get 30% profit every month?

if you like yourselves guys,this Ganesh is a scammer,he does not trade his own strategy,he would contact account managers and then use their strategies to fool clients.
He doesnt even know the fundamentals of Forex trading.
Please never give him your account to manage.
He doesnt even know the essence of stop loss...

its not possible on period londer than few months

So, this means his clients manager are capable of achieving 30% a month.. I highly doubted..

people with real money don't want 30% per month. They want less than 5% per month at most because whatever you can earn in a month you can also loose and more because you pay spread and or commissions on top.

See few minutes live demo Test Login #:92382 Invs pass: pwgu7bf brokr: https://www.forex-swiss.com/

yes its possible earn over 30 % per mon with my
https://www.myfxbook.com/members/aghigh/great-signal/1318267

aghigh posted:
yes its possible earn over 30 % per mon with my
https://www.myfxbook.com/members/aghigh/great-signal/1318267

Can u please share your data prior to April'15?

aghigh posted:
yes its possible earn over 30 % per mon with my
https://www.myfxbook.com/members/aghigh/great-signal/1318267

April to July, you actually have done really well.. Good 😄

dchamp75 posted:
if you like yourselves guys,this Ganesh is a scammer,he does not trade his own strategy,he would contact account managers and then use their strategies to fool clients.
He doesnt even know the fundamentals of Forex trading.
Please never give him your account to manage.
He doesnt even know the essence of stop loss...

I do not think Ganesh is a Scammer, That is not good thing to say, I believe he is just another trader with an idea. I also avoid SL to be set in public, Many brokers do strange things with SL. So it is better to do it manually, When high volatility SL are often hit avoiding greater Profit. So it is better to manually close Trades in some cases. The essence of SL is what it is. But TP and SL are somehow things to avoid sometimes, It is better to watch the prices move and decide when to come out of an operation, This will improve profits significantly. Specially when trading News. But in normal trading conditions TP and SL are very necessary,

in my opinion trading without SL is the warranty to go bankrupt in the long run.
Its like to trade with a negative expectansy, because the risk is unlimited versus a small win.

The only way i can imagine trading without SL is when you are comfortable to take at every time a 300-500 pip loss.(up to 2000pips at blackswan days)
So speaking you must trade with no or extreme small leverage.
And this mean its only practical for longterm traders (weekly trades (350-650pips) to monthly trades(1000-6000pips) TP). For Daytraders (~40-80 pips) and Scalpers(5-20pips) trading without SL is like russian roulette ;-).

i never heard from a pro trader that he does not use stops.

Using SL is almost the hard way to realize losses! There are plenty new technics in the 21. century to go the soft way with option to reduce the lose overall or catch BE - no such option if you trade with hard sl!

To leave a trade without SL is a dangerous staff, even if your SL is controlled by EA. If you EA is not active or VPS goes down ?

Trading with SL is 'old school' and eaten the whole profit in the long run, there is a academic financial study from the bond university in australia which test sl (%1-10, ATR1-5, MA crossover) ALL SL variations burning the profits in the long run.

It is possible to get 30% a month, but to do it consistently is not that easy. I dont think you will find an account statement with consistent 30% a month for years.

platin posted:
in my opinion trading without SL is the warranty to go bankrupt in the long run.
Its like to trade with a negative expectansy, because the risk is unlimited versus a small win.

The only way i can imagine trading without SL is when you are comfortable to take at every time a 300-500 pip loss.(up to 2000pips at blackswan days)
So speaking you must trade with no or extreme small leverage.
And this mean its only practical for longterm traders (weekly trades (350-650pips) to monthly trades(1000-6000pips) TP). For Daytraders (~40-80 pips) and Scalpers(5-20pips) trading without SL is like russian roulette ;-).

i never heard from a pro trader that he does not use stops.

I am saying yes SL but manual. Depends on the conditios

For example at this time EUR USD is not going to have abig movement in the next few hours, you can set a SL or wait and see if the price recovers losses, But always set a maximum loss, With a SL you always get the MAx Loss you expected. But I usualyy set a SL anyway, I am just defending other people that do not set a SL, And it is not exactly a bigger loss every time.

IXBONE posted:
Using SL is almost the hard way to realize losses! There are plenty new technics in the 21. century to go the soft way with option to reduce the lose overall or catch BE - no such option if you trade with hard sl!

IXBONE posted:
Trading with SL is 'old school' and eaten the whole profit in the long run, there is a academic financial study from the bond university in australia which test sl (%1-10, ATR1-5, MA crossover) ALL SL variations burning the profits in the long run.

lol you know that scaling out was not invented in the 21.century, it existed long before.
Using no SL is almost the hard way to realize your hole acount is at stake!
What i can read out here are 2 things,
1. 'using SL is old school'
2. 'using SL is the harder way to trade'
->So the opposite must be true for your method: Being a softy and a hipster.
(Just joking ;)

for your second post i really cant belief that you trust academic studies. These people have no experience in practical trading and also mostly dont are aware of which statistical methods are suited for trading models.
You should make your own studies, backtests, tradingplan, moneymanagement.
One Person i think has good prinicples and ideas is for example Linda Bradford Raschke.
I read here Books and viewed the Videos on Youtube (BigMikes Channel).

So speaking we discuss here about here hot air :), since i dont know from which point of view you are talking.
To better understand your point i should know your

trading style,(Timeframe,Currency, SL,TP)
strategy,
Expectancy measure in which time (3-12 months?) :AVG Loss+Win(pips),AVG loss/win rate.

So to make things short my point of view is
my style is daytrading leverage used~1:10 ,SL~22pips on EurUSD, TP goal 60-200pips (Reward 3x or greater than Risk)
strategy is trendsfollowing, timeframe M30, the stats you can see. Currently i am working offline finishing my improvements.
I make my own stats and backtests. I educate my self every day around the clock with statistical turorials, forex related topics and programming mql.

i just replied here because in the early internet forex boom (2006-2012), Brokers where shady and stophunter with their
Marketmaker models. But today there are plenty of Brokers which offer STP and ECN accounts.
So the practical need to use no SL or hidden SL with ea has gone. Some newcomers still
dont get this information since they might not do their research extensivly enough.

to get back to the topic. you can see that my account has grown to 15% in 7 days,
there are 22 trading days a months so speaking ~45% in a perfect month would be possible but
taking loosing trades into account 30% is more realistic.
I stopped that trading like you can see on the history because i experienced some psychological difficulties to trade that way.
So i am working on improving that.

with other trading styles it is possible to achieve aroung 100% a month. But this is not so easy you might understand :).
Finding the psychological balance is important so not every style and Moneymanagement is suited for everybody.

platin posted:

IXBONE posted:
Using SL is almost the hard way to realize losses! There are plenty new technics in the 21. century to go the soft way with option to reduce the lose overall or catch BE - no such option if you trade with hard sl!

IXBONE posted:
Trading with SL is 'old school' and eaten the whole profit in the long run, there is a academic financial study from the bond university in australia which test sl (%1-10, ATR1-5, MA crossover) ALL SL variations burning the profits in the long run.

lol you know that scaling out was not invented in the 21.century, it existed long before.
Using no SL is almost the hard way to realize your hole acount is at stake!
What i can read out here are 2 things,
1. 'using SL is old school'
2. 'using SL is the harder way to trade'
->So the opposite must be true for your method: Being a softy and a hipster.
(Just joking ;)

for your second post i really cant belief that you trust academic studies. These people have no experience in practical trading and also mostly dont are aware of which statistical methods are suited for trading models.
You should make your own studies, backtests, tradingplan, moneymanagement.
One Person i think has good prinicples and ideas is for example Linda Bradford Raschke.
I read here Books and viewed the Videos on Youtube (BigMikes Channel).

So speaking we discuss here about here hot air :), since i dont know from which point of view you are talking.
To better understand your point i should know your

trading style,(Timeframe,Currency, SL,TP)
strategy,
Expectancy measure in which time (3-12 months?) :AVG Loss+Win(pips),AVG loss/win rate.

So to make things short my point of view is
my style is daytrading leverage used~1:10 ,SL~22pips on EurUSD, TP goal 60-200pips (Reward 3x or greater than Risk)
strategy is trendsfollowing, timeframe M30, the stats you can see. Currently i am working offline finishing my improvements.
I make my own stats and backtests. I educate my self every day around the clock with statistical turorials, forex related topics and programming mql.

i just replied here because in the early internet forex boom (2006-2012), Brokers where shady and stophunter with their
Marketmaker models. But today there are plenty of Brokers which offer STP and ECN accounts.
So the practical need to use no SL or hidden SL with ea has gone. Some newcomers still
dont get this information since they might not do their research extensivly enough.

to get back to the topic. you can see that my account has grown to 15% in 7 days,
there are 22 trading days a months so speaking ~45% in a perfect month would be possible but
taking loosing trades into account 30% is more realistic.
I stopped that trading like you can see on the history because i experienced some psychological difficulties to trade that way.
So i am working on improving that.

with other trading styles it is possible to achieve aroung 100% a month. But this is not so easy you might understand :).
Finding the psychological balance is important so not every style and Moneymanagement is suited for everybody.

lol you made my day ;)
-i wrote: 'Using SL is almost the hard way to realize losses' NOT 'using SL is the harder way to trade' - complete different!
-you critcize others
-5 sentences later you confirm psych problems
...many letters wasted

IXBONE posted:
lol you made my day ;)
-i wrote: 'Using SL is almost the hard way to realize losses' NOT 'using SL is the harder way to trade' - complete different!
-you critcize others
-5 sentences later you confirm psych problems
...many letters wasted

i am happy that you enjoyed my post ;)

what have my problems to do with criticizing? if you following your logic than you couldn't discuss here because you even have a trackrecord to prove you thoughts ;). Arguing with arguments is the way how adults exchange their points of view, nothing wrong with that. As i wrote i am interested from which point of view you are talking.

Knowing the own weaknes is the first step of improvement. Learn from the succsessful not from the ignorant :)

nothing wasted here, its public discussion here others can build their opinions on.

greetings