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

Yaya (iamartist)
Apr 07 2019 at 06:59
9 ieraksti
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

giving always better than getting
Hardolian
Apr 25 2019 at 10:04
29 ieraksti
Yes, I think it's totally possible, but you really need to set aside some money like AT LEAST few thousands dollars and play with it on real account, I am more than sure you will get some return over time with some experience in doing this. It's all possible.

Sublime Markets (sublimemarkets)
Apr 25 2019 at 11:59
27 ieraksti
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.

SublimeMarkets on Facebook too
Pahlawan Trader (Nasrul_Swing)
Apr 26 2019 at 11:25
140 ieraksti
High gain, high risk. Sometime, it may blown your account.
Target percent its very difficult. Think about risk first, then profit will come.

Jaga Modal & Kekal Profit Selalu.
SurePath
dWaverFX
Apr 27 2019 at 00:00
13 ieraksti
I don't think the question is if it possible.
I think the question is are you able to do it?

Jaco Ferreira (JacoAF)
Apr 28 2019 at 08:45
130 ieraksti
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


Hello Yaya,

Your question is a tricky one. It is possible to make 5-10% profit on your account balance in a single month, but it is very hard to make an average of 5-10% EACH month for a long period of time.

To explain I will use my own experience. When I started I had big dreams of 'compound interest', 'doubling my account in a year' and gains of 10-20% a month. Because that's what I did with a demo account over a period of 14 months.

Well, I opened my first account and to my horror I could not trade at all. I made so many mistakes, lost one trade after the other by closing it out of fear, because it looks like the market is turning against me. I was so confused, because I could not duplicate my demo trading. In the end I lost my first $1000 account within four days. I was devastated.

After the shock of my first live trading experience, I started looking for a mentor. Someone with experience and knowledge that can explain to me what I was doing wrong. To start with, he told me that there are vast differences between demo trading and live trading. The first and most obvious being the 'human emotion' aspect of it. In demo trading you don't feel the fear, greed, confusion, anger, etc. Simply because it is not real money. Mistakes on a demo account does not affect you.

On a live account these emotions can seriously ruin your trading experience and your account. So the first thing I had to learn was how to manage these emotions. He taught me a set of rules that I should follow to cope with emotions. Things like, 'Accept you will take losses, and manage your Risk (potential loss) by carefully calculating your stop-loss levels and lot sizes so it does not exceed your acceptable Risk percentage (1% per trade in my case). And many more such rules.

This brings me to the second biggest lesson of trading live. Before you EVEN think of formulating a trading strategy and trading rules, you should carefully develop a Money Management (managing winning trades) and Risk Management (managing losses) strategy/rules. This is the ONLY way to ensure that you manage your account properly and can get up tomorrow to trade again. Things like Risk/Reward (Stop-loss/Take Profit), Maximum Risk (calculation of stop-loss distance and lot size) per trade/ and per account. So say for example your will not risk losing more than 1% per trade and 5% in total for all trades. I think you should get the idea of what I am talking about. These are extremely important rules that MUST be in place and be obeyed if you don't want to blow your account in a week or month like I did.

Once you have the above in place you can look at an actual trading strategy and rules for opening, closing and managing trades. I'm not going into detail about trading strategies, as there are too much info to post it all here, but your trading strategy should basically complement your own personality (are you a big risk taker or not), your available trading time - trading a swing strategy on daily charts only require about an hour per day to analyze charts and place trades, whereas a scalping strategy may require several hours in front of the charts.

To summarize, when I started trading (my second account onward) I sometimes made 8-12% one month and lost 15-20% the next month. This is the part that most people don't get. If you for example entered a trade, and for some reason decided NOT to open the trade with a calculated stop loss, and the market turned against you, you could spend a gut-wrenching few days or even weeks trying to wait for the market to turn back in your favor, and in the end close the trade for a bigger loss than you would have if you had a stop loss in place. Now if you lost 10% this month, then you will need to make probably 12-14% the next month just to break even again. You see the cycle that develops...

The most I ever made on my account in a single month was 16%, back in my reckless early years. Now I average between 2-5% per month, and still make a loss some months. My average per year has been about 10-15%.

I should say that I do not spend my whole day in front of my charts. I mostly trade the Daily charts, and sometimes the 4 hour charts.

In closing, my best advice, based on personal experience, is not create expectations in this game. Do your homework, get your carefully developed Trading Plan, Risk/Money Management and Trading Strategy in place, and then treat it like you would proper business or high profile job. You should do fine, and who knows, perhaps you are a young genius who could average 5-10% a month.

Good luck!

Keep it simple, be disciplined, get rich slowly and above all protect your equity!
Yaya (iamartist)
Apr 28 2019 at 10:58
9 ieraksti
Nasrul_Swing posted:
High gain, high risk. Sometime, it may blown your account.
Target percent its very difficult. Think about risk first, then profit will come.



The real risk is ' dare not to risk'.
The chane is belong to the brave people.

Cheers.

giving always better than getting
lawblow
Apr 28 2019 at 11:21
6 ieraksti
Bigger risk = bigger rewards or bigger losses.

It's possible, but very very very risky. I've blown up several accounts before trying to make 10-30% a day. Had to learn the hard way. Now focusing on risk management and position sizing, and the mental aspect.


Teejy88
Apr 28 2019 at 12:02
36 ieraksti
It is possible with the right strategy, of course.

ScottyCarsonMVP
Apr 29 2019 at 06:19
54 ieraksti
Possible but extremely unlikely

Pahlawan Trader (Nasrul_Swing)
Apr 29 2019 at 06:28
140 ieraksti
iamartist posted:
Nasrul_Swing posted:
High gain, high risk. Sometime, it may blown your account.
Target percent its very difficult. Think about risk first, then profit will come.



The real risk is ' dare not to risk'.
The chane is belong to the brave people.

Cheers.

I just visited your profile, and i saw your performance. Good result there. So, what of your purpose asking others?
To me, Forex trading is zero sum game. As long as you can make profits, just do regular withdraw.

Jaga Modal & Kekal Profit Selalu.
Yaya (iamartist)
Apr 29 2019 at 10:24
9 ieraksti
My trading is not good actually. Just still lucky for the win during these days. My account can be blown any time as you said, but I will do my best to prevent it and will not let it happens.
My asking purpose is to get some ideas from experienced traders. I would like to know whether possible any of traders got the profit in long term or not. I believe many of you did it and still keep going.
By the way, I got some ideas from someone here who has lot of experience and gave me very nice explanation for play safe.
I will adapt the suggestion with my own style and I think it will better than ever. I hope.... :)

giving always better than getting
Pentz Consulting
ForexScreamer
Apr 30 2019 at 06:12
49 ieraksti
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.


But isn't that 2000 EUR available to be withdrawn?

lawblow
Apr 30 2019 at 08:21
6 ieraksti
My point is that it can be done for short periods of time, but chances are great of blowing up accounts if you aim too make too much and forget risk management. Larger risk larger profit but larger losses also. Follow up to my earlier comment.

ScottyCarsonMVP
Apr 30 2019 at 14:33
54 ieraksti
lawblow posted:
My point is that it can be done for short periods of time, but chances are great of blowing up accounts if you aim too make too much and forget risk management. Larger risk larger profit but larger losses also. Follow up to my earlier comment.


I see your point here

hellovijay78
May 01 2019 at 08:15
2 ieraksti
lawblow posted:
Here's my account. Hope I'm able to manage risk enough and not blow it up.

https://www.myfxbook.com/members/lawblow/trade-responsibly/3272674


hi you did a great job... will you please share us what strategy you are using?

lawblow
May 02 2019 at 07:46
6 ieraksti
hellovijay78 posted:
lawblow posted:
Here's my account. Hope I'm able to manage risk enough and not blow it up.

https://www.myfxbook.com/members/lawblow/trade-responsibly/3272674


hi you did a great job... will you please share us what strategy you are using?


I mostly just look for intraday ranges and trade those. Anything with at least 12 pips or better, on 15m and 1H.

Darisa (darisa)
May 03 2019 at 09:42
22 ieraksti
And much more is possible, but you need a good system and a minimum of 1000-2000 in your account.

momo3HC
May 19 2019 at 10:08
267 ieraksti
Absolutely possible even can say needed. 😎

walpants
May 27 2019 at 11:52
47 ieraksti
possible but reading your comments i think you are a long way of it yet but keep learning and practising you can only get better

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