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

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

It depend also from Leverage, Balance, Spread, Commission.
I use my own EA for trading can check in my profile, and every month is different, one month some 30% another month can bee 120%.

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!