Go for something that makes you 5% a month average for let's say an year. See how 'easy' it is and than you will be able to answer to the question that you asked by yourself. The guy that posted before me has made 1700% profit that true, but as of Friday this week he has 84% drawdown so right now he has about 177% profit which he can withdraw if he closes all of his open positions :). Forex trading is not a get rich quick scheme, it's the most competitive market in the world, with a lot of participants, it also is zero-win game (I think it's even negative but 'experts' say it's zero) so you have to screw some of the other participants in order to win money and banks and other big financial institutions are not that easy to screw ;) Nothing is impossible, do not get me wrong but 100% a month would have to involve a lot of risk and sooner or later you are going to receive a polite margin call email from your broker, in which you are asked to deposit more money ;)
I'm a long term fundamental trader and I've made my own unique trading style. Check my profile once every year. If you can't make it then that doesn't mean no one could do it.. Btw I agree with you that making 5%-10% per month is a very good return over investments but do remember that with huge equity it's not impossible to make 100% and I don't recommend any unprofessional trader to ever try to make 100% per month unless you got mill's in you're bank and you're playing with you're money.
Pardon my language but where you see a system??? Do you even know how to trade? There's no system. I'm trading manually . You have millions in you're demo account and probably don't even know how the real traders feel when the market collapses or something bad happens cause they are trading with real money not fake millions like you. Look I don't wanna argue with you. So please stop. One more thing open an real account and try to make some profits then you'll see what I'm talking about.
RichardRIch posted: Pardon my language but where you see a system??? Do you even know how to trade? There's no system. I'm trading manually . You have millions in you're demo account and probably don't even know how the real traders feel when the market collapses or something bad happens cause they are trading with real money not fake millions like you. Look I don't wanna argue with you. So please stop. One more thing open an real account and try to make some profits then you'll see what I'm talking about.
If you are happy with your trading then why fight here? If you only manage your money then there is no need of marketing. If you are seeking investors here then probably this is a wrong place. But anyways first you get some investors who are happy with your drawdown figures and then everyone will shut up automatically. :)
Please use the @ symbol to address particular comments to people in future. I understand that you have an 'alternative' fundamental style of trading, but a 90% drawdown is a 90% drawdown. Attacking someone else who points out that fact doesn't change what it is.
If you are that touchy about people commenting on your large DD, I would recommend you make your system more private. Otherwise you are just going to have to put up with people calling you out on the large DD.
As @takechance said, if you are looking for Investors/ signal followers for your rather... 'alternative' strategy myfxbook might not be the most suitable forum to seek that.
Correct me if I am wrong, but most signal followers on myfxbook are seeking consistency and reliability in there signal providers, not volatile pips with large drawdowns. That is why my manual Price Action trading system only targets 2% weekly growth every week.
It's a very impressive growth on the strategy @RichardRIch, best of luck on your future trades.
For Large Capital, its not easy to make 100% monthly profit. Small and Large are relative for someone, if you think 5usd is large then you will hard to make 100% monthly profit, but if you think its small then you will easy to make 100% monthly profit.
Remember This : Forex trading is high risk investment, You could lose some or all of your investment. Do not invest money that you cannot afford to lose.
I feel there is no point of discussing about a thread which says 100% per month. Its possible for few months, and again, it happens if you are lucky. ppl who show 100% or more than that per month for quite few months would have blown several accounts before they actually show something. so guys, treat forex income like a job. your salary wont rise 100% month. ofcourse you can expect a way better results in forex. 5-10% p.m consistently is sufficient to buy the world.
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