Aug 11 2020 at 11:18
Why do people say that 35%+ per month is not sustainable in forex?
I know traders must remain humble but is it bad to aim for more each month or should I just limit myself once a point is hit?
I know traders must remain humble but is it bad to aim for more each month or should I just limit myself once a point is hit?
Aug 12 2020 at 09:05
In any case, there will be fluctuations and stability is not visible here.
You can, of course, earn 35 percent or more per month, but this will be high-risk trading in its purest form.
Aug 12 2020 at 10:22
Stonesong posted:
In any case, there will be fluctuations and stability is not visible here.
I'll take that as an unfulfilled compliment for now..
Aug 12 2020 at 11:07
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.
Aug 13 2020 at 03:11
Well, only time will tell.
Aug 13 2020 at 06:33
It depends how good you are. If you are a excellent short term trader, 35% is certainly doable.
Aug 14 2020 at 07:35
If its consistent its fine. But targets must be realistic and achievable according to me.
Aug 14 2020 at 17:32
I think consistency is the main thing. If you can mke the profit consistently it is very profitable.
Sep 28 2020 at 00:44
Michihito posted:
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.
Good tips. However, target can motive trader. It is kind of positive trading psychology.
Sep 28 2020 at 00:57
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
@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.
Sep 28 2020 at 14:02
Some people usually take short-term goals and think that thanks to this they will be able to motivate themselves as much as possible, but they are wrong.
Sep 28 2020 at 18:41
Making profit consistently is a difficult job in forex market. But if you have proper knowledge and experience, it is possible to earn a fixed target from this market. But for that, you have to work hard.
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.
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
Sep 29 2020 at 09:11
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.
patience is the key
Oct 30 2020 at 17:51
marco_mmbiz posted:
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.
I think 0.5 is too low. I recommend newbie 3-5% per month return. if you can achieve that, then aim for 10%.
Temat zablokowany
