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Is 35%+ per month sustainable?
forex_trader_1641092
Membre depuis Jun 17, 2020
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Membre depuis Feb 12, 2020
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Aug 12, 2020 at 11:07
Membre depuis Jul 19, 2020
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Don't focus on how much percentage you are gaining. Focus on what your strategy and trading psychology says to you. Market doesn't behave same way all the time. For some month your strategy may allow you to get 10% some months it could be 40% in some months it could be break even. So a specific target per month can make you restless and as a result you could lose more.
Membre depuis Jul 20, 2020
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Sep 28, 2020 at 00:44
Membre depuis Jul 23, 2020
posts 869
Michihito posted:Good tips. However, target can motive trader. It is kind of positive trading psychology.
Don't focus on how much percentage you are gaining. Focus on what your strategy and trading psychology says to you. Market doesn't behave same way all the time. For some month your strategy may allow you to get 10% some months it could be 40% in some months it could be break even. So a specific target per month can make you restless and as a result you could lose more.
Sep 28, 2020 at 00:57
Membre depuis Jul 19, 2020
posts 788
The price movement in the Forex market is not always the same. Due to which the profit does not always come somehow. You are targeting 35% but it may not come in any month due to volatility. Then you have to be happy with 10-20%. If you are not happy with it and want to earn a 35% profit, it is very harmful to trading.
Sep 28, 2020 at 12:32
Membre depuis Jul 19, 2020
posts 751
@LyudmilLukanov yes having target is motivating. But the target should be long term. Like 3 months target. It gives us space. Short term target can create pressure and be the reason of over trading.
Membre depuis Jul 19, 2020
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Sep 28, 2020 at 19:37
Membre depuis Feb 20, 2019
posts 15
How would you define sustainable? If you are talking about years after years then no, the account will get blown up.. It's just a matter of time. If anyone tell you otherwise, find anyone who can provide you with myfxbook with a reputable and regulated broker who can provide you at least 3 years of track record on that.
Sep 29, 2020 at 06:06
Membre depuis Oct 19, 2019
posts 12
FLCFX posted:
How would you define sustainable? If you are talking about years after years then no, the account will get blown up.. It's just a matter of time. If anyone tell you otherwise, find anyone who can provide you with myfxbook with a reputable and regulated broker who can provide you at least 3 years of track record on that.
Basically it can't be a 3 years track record, because 35% monthly compound any broker would kick you out ;)
Protecting your capital is more important them make more capital
Membre depuis Jul 20, 2019
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Oct 30, 2020 at 17:51
Membre depuis Jul 23, 2020
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marco_mmbiz posted:I think 0.5 is too low. I recommend newbie 3-5% per month return. if you can achieve that, then aim for 10%.
The most safe way to trade is making something between 0.5% and 9.5% per month over a few years, and also not withdrawing all the profits at once.
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