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

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

you should place trades carefully after reviewing the market conditions and voltality

I'd aim for at least 3:1 trade otherwise its not worth doing ,ok sometimes you have to cut at break even if you see an obvious change in the pattern ,but most of my trades are 5:1 ,10:1
5-10% per month is easily possible.

To achieve that kind of return, trader need to work hard and improve their skill.

It is possible to earn that much return. Currently, my goal is a 5% return per month.

dWaverFX posted:
I don't think the question is if it possible.
I think the question is are you able to do it?

😎 Perfect answer!! Do not start live trading until you are sure you can do it!

It is possible to make far more than that, depending on the strategy you use. The strategy I've been honing and sharpening for the last couple of months or so, I'm forecasting to average between 2%-4% per day with it, compounding each day (some days may be losing days, and some days may exceed 10% growth, but average target is 2%-4%).

And in addition to my previous comment (stating that it's possible to make far more than that), keep in mind that it isn't a good idea to ask for advice or insight on here, or any other forex forum. Most forex traders lose money. So when you're getting answers, you're getting answers from people who lose money in trading, more often than from people who make money in trading.
I saw a few answers saying 'it isn't possible'. Those remarks come from people who have lost money, or make very little trading.
If such a small percentage of traders make money, don't do what the majority do haha. Do what the minority do. And don't listen to advice from a forum where large numbers of traders congregate.
Of course, if you're trading retail methods, risking tiny amounts, not managing risk professionally, and using a shocking R:R like 1:1 or 1:3. yes it makes it harder to make money.
My new system for example, I follow the banks and the clues they leave behind (they control the markets, not 'bulls and bears'). I don't listen to analysts and their reports. I use the economic calendar to forecast when banks will make their next big moves to my entries or targets. I don't 'trade the news'. I don't use any indicators whatsoever. I trade no less than 1:5 Risk-Reward ratio. My risk is between 1% and 2% per trade. I currently focus on one thing only (US30). I trade whenever I see an opportunity (normally multiple times per day), with 5M as my base timeframe. If I'm averaging 1 out of 3 correct, and risking 1% per trade, aaaand going no less than 1:5, my average daily increase on capital is 3% or more.
It is possible.

Yes, it is possible to make a gain of 5 to 10 percent every month. I am doing it and a number of my friends are doing the same. Some are making even more but you need to be extremely consistent with your trading and chalk out a proper trading plan. Formulate the right strategies and implement them suitably. Moreover, money and risk management is also essential for better results.

RyanSimpson posted:
It is possible to make far more than that, depending on the strategy you use. The strategy I've been honing and sharpening for the last couple of months or so, I'm forecasting to average between 2%-4% per day with it, compounding each day (some days may be losing days, and some days may exceed 10% growth, but average target is 2%-4%).

You`re target is 2-4% per day?

momo3HC

2-4% per day means 40-80% per month LOL
I think nowadays myfxbook is the place of rookie traders.

10% monthly is possible, but if you consider that as a ' Must Be ' you will get enough damages

momo3HC posted:

RyanSimpson posted:
It is possible to make far more than that, depending on the strategy you use. The strategy I've been honing and sharpening for the last couple of months or so, I'm forecasting to average between 2%-4% per day with it, compounding each day (some days may be losing days, and some days may exceed 10% growth, but average target is 2%-4%).

You`re target is 2-4% per day?

Correct

GlobalScalper posted:

momo3HC

2-4% per day means 40-80% per month LOL
I think nowadays myfxbook is the place of rookie traders.

It’s a bit more than 40-80% per month lol. It compounds too, remember. Nothing rookie about it. And I’m not a rookie, I’m a pro Institutional trader. Institutional trading brings far better returns than retail methods, by a long shot.
2-4% per day seems impossible, and indeed it doesn’t happen every day, but it is 100% do-able. Ya just gotta trade the right way, and drop the 1:1 and 1:2 RR trades

I have been working on a strategy for quite some time and here we have it. It has been back tested for over a year and did around 33k off of 2k. Now, I don't believe in back tests which is why I am now forward testing is and...it is killing the market and I'm very happy with it. I actually did a back test on what it has traded this far and it is actually outperforming the back test. I am not able to share the site due to the fact that it is an account with AAFX which is unregulated and they do not have an investor password for demo accounts. This is a non commission, non swap account as well however I don't see hardly any swap costs coming in the future. When I say this, I am working on getting an account with Pepperstone which will have commission and swaps with the trades. However, with that being said, even with just the commissions, you would just subtract $186.34 from your profits as of right now. I'd say that that is still an amazing profit! Once I get my live Pepperstone account up and going, which I am hoping will be in the next month, I will share that account as I will be making it a subscription account for all to follow!

Yes it's possible, but I would look at it as a long-term goal and try to find more attainable short-term goals for now.

I added my system at the beginning of November. Unfortunately, I'm unable to get Myfxbook verified because I'm trading through AAFX since I live in the US and the investor password they gave me is not working. I will write them today in hopes to get that figured out so I can provide you with the same thing on both sites. You will also find the description here as well.