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Some Reasonable Montly Return You Can Count One

bbc21
May 05 2011 at 11:43
16 príspevkov
😄
just like to become to your attention this account.I am a manually trader with several years of trading experience. I am trading on dukascopy jforex and currently trades will be reproduced to mt4 fxpro demo to show here purpose. This is not a get rich overnight trading methode etc. If you are looking for somehting like this you are on the wrong place. Tih is steady and constantly grow your account as a professional manual trader does.

Thanks for your attention.

You can see trading results here:
https://www.myfxbook.com/members/bbc21/oxygen/103514

yoohoo999
May 05 2011 at 12:15
12 príspevkov
looks great so far, but you've only got 2 weeks worth of results there.....so can't really call it a 'reasonable monthly return you can count on'.

if you had 2 years+ worth of history then I would be inclined to say you may be able to count on your monthly return....but after 2 weeks? getting a bit ahead of yourself there matey 😁

Best of luck though, looks very promising so far.

Also, 64% a month IS a get rich quick method!!!

bbc21
May 05 2011 at 15:14
16 príspevkov
hi,
Thanks for your comment. What i mean with 'a get quick rich' methode is an 100% week done with some EA's tha will not be allowed to be traded live with any broker. Yes, this is not a monthly return right now. But please allow some more trading weeks/months.
Thank you

yoohoo999
May 05 2011 at 15:23
12 príspevkov
Yeah I knew what you meant 😉

Seems most people on here think that forex is only worth the effort if you can double your bank every week!!!

64% a month consistently would be a dream come true.

£1,000 starting bank

After just 12 months you would be sitting on £378,552.

After 24 months you would be sitting on £143,302,033.

I would say that is a bit more than 'reasonable'

Good luck!

I'll stick with my ambition of a paltry 5% a month 😉

Ja (jad42)
May 05 2011 at 16:11
25 príspevkov

yoohoo999 posted:
    Yeah I knew what you meant 😉

Seems most people on here think that forex is only worth the effort if you can double your bank every week!!!

64% a month consistently would be a dream come true.

£1,000 starting bank

After just 12 months you would be sitting on £378,552.

After 24 months you would be sitting on £143,302,033.

I would say that is a bit more than 'reasonable'

Good luck!

I'll stick with my ambition of a paltry 5% a month

Nice to see a realist on the site..............................

Memories caught in time but never forgotton
Ja (jad42)
May 05 2011 at 16:13
25 príspevkov
I will be happy with 40% at the end of the year......................

Memories caught in time but never forgotton
bbc21
May 05 2011 at 20:31
16 príspevkov
yes, this results every month would be very very good. Not every month possible throught but a 20% a month is.
I do not trade ofthen and do not trade during news events (eg. tomorrow no trade) And 99% manual trade. I have a personal EA that trades 1-2 times a week only.


yoohoo999
May 06 2011 at 06:57
12 príspevkov

jad42 posted:
    I will be happy with 40% at the end of the year......................


Definitely!

I think there is a reason why so many people in forex need much bigger numbers. People see it as an 'easy' way to making lots of money. For example, you don't need to go to university for years, you don't need to own your own business, you don't need £1million just to get started, you can do it from home with just your laptop.......and there seems to be people making big bucks from their living room so it all just seems too good to be true. So you inevitably get the 'get rich quick' people running here as fast as you can.

The second problem is that many of these people will not have a great deal of money to invest, but still want huge returns. So the only way their £500 will ever become £1million is if they keep making huge monthly returns.......or so they think.

But that's where most are wrong. They just lack patience. £500 is easily turned into £1million, provided you are consistent and patient. Most people lack both of those! Instead of aiming for 100% a month, just being profitable most months is good enough provided your gains are greater than your losses, you compound your profit and you're happy to realise that it will be years before you can even think of relying on that cash for anything substantial.

I have a career, i spent 6 years at law school, 2 years in compulsory training and now a few years in the job post qualification. I still know relatively little in the grand scheme of things. So why do people think forex can be mastered in a few months???!! ha ha!!

If i'm making any form of consistent profit every month then I'll be happy. I enjoy trading, I don't love/yearn after money, and I don't really care too much if I lose some or don't profit lots.

The day I stop enjoying the trading, I'll stop. I really can't see me ever giving up the day job, but I do envisage forex paying for some nice holidays in the years to come 😁


yoohoo999
May 06 2011 at 08:29
12 príspevkov
sorry, it won't let me edit my post - i meant that I still know relatively little about LAW in the grand scheme of things, despite being a lawyer. So why do people who have been playing with forex for a few months think they are close to understanding it well enough to be consistently profitable? The movement of price is a simple action, understanding how to profit from it is a skill that needs to be learned, practiced, refined and then practiced etc etc etc.



bbc21
May 06 2011 at 08:33
16 príspevkov
Hi Definitely,
yes i am completaly agree with you.

Most peaple think of a quick and easy way to make milions on forex (also because there are a lot of ADV around the web who promote forex as easy and quick way to make hugh money just from home) Forex needs a lot of patiance to get consistance returns and peaple usually don't like to wait. I remember the song of Queen - I want it all, I want it now! :)

light
traderlight
May 06 2011 at 10:19
18 príspevkov
yoohoo999 posted: yoohoo999 posted:
Seems most people on here think that forex is only worth the effort if you can double your bank every week!!!

That sounds like gambling to me.

light
traderlight
May 06 2011 at 10:22
18 príspevkov
yoohoo999 posted:
64% a month consistently would be a dream come true.

Agreed, this is a nice dream that won't come true to most people. But maybe there are those people with this kind of consistent monthly return, I don't know.

light
traderlight
May 06 2011 at 10:23
18 príspevkov
yoohoo999 posted:
£1,000 starting bank

After just 12 months you would be sitting on £378,552.

After 24 months you would be sitting on £143,302,033.

I would say that is a bit more than 'reasonable'

Good luck!

I'll stick with my ambition of a paltry 5% a month 😉

Also quote, Ja wrote: I will be happy with 40% at the end of the year......................

Well well, what do you know, my performance now is 47.27% monthly (according to myfxbook autocalculator) after about 5 weeks.
But no, I don't think I'd be a millionaire any time soon, because I don't do much compounding, I like to progressively reduce my risk as my capital grows. I don't know how to calculate my %gain would be after 1year given consistent performance and my compounding usage. I So, I'll wait for myfxbook to tell me. To get an idea, if I don't compound at all and make say consistent 30% of original investment every month, forget about the 47.27%, I should end up with with 360% of original investment after 12 months. Do you think that's 'unreasonable'?

yoohoo999
May 06 2011 at 10:31
12 príspevkov

traderlight posted:
    
yoohoo999 posted:
£1,000 starting bank

After just 12 months you would be sitting on £378,552.

After 24 months you would be sitting on £143,302,033.

I would say that is a bit more than 'reasonable'

Good luck!

I'll stick with my ambition of a paltry 5% a month 😉

Also quote, Ja wrote: I will be happy with 40% at the end of the year......................

Well well, what do you know, my performance now is 47.27% monthly (according to myfxbook autocalculator) after about 5 weeks.
But no, I don't think I'd be a millionaire any time soon, because I don't do much compounding, I like to progressively reduce my risk as my capital grows. I don't know how to calculate my %gain would be after 1year given consistent performance and my compounding usage. I So, I'll wait for myfxbook to tell me. To get an idea, if I don't compound at all and make say consistent 30% of original investment every month, forget about the 47.27%, I should end up with with 360% of original investment after 12 months. Do you think that's 'unreasonable'?


360% ROI per year is HUGE. Your risk must also be huge.

Fair enough if you're risking money that you wouldn't lose any sleep over if it all disappeared in a day. But I just can't see how it's possible to make 360% annual gains without subjecting your capital to considerable risk. The higher the risk your capital is exposed to, the more chance you have of it all going pear shaped and blowing an account.

If you've got a large risk appetite, then that's cool I suppose.

Have you never wondered why institutional traders only look to make less in a year than most retail traders try to make in a week? Preservation and protection of capital. That will generally make more money in the long run that taking large risks to make large profits.

I'm not saying you won't be hugely successful at the end of the year, you're clearly doing something right! But all I mean is that such large gains need large risk exposure, so you're more likely to lose substantial capital than someone making smaller gains with smaller risk exposure.

light
traderlight
May 06 2011 at 10:32
18 príspevkov
And further calculation: without compounding, consistent 30% monthly of my real original capital of £3000, I would require 92.3 years to reach £1M. What would it be like if I do some compounding?

yoohoo999
May 06 2011 at 10:33
12 príspevkov
traderlight posted:
    And further calculation: without compounding, consistent 30% monthly of my real original capital of £3000, I would require 92.3 years to reach £1M. What would it be like if I do some compounding?


My point above applies equally. You need to be taking large risks to be making 30% a month profit. How comfortable would you feel taking those risks on a £1m account?


'Large Risk to make Large Gains' is just another way of saying 'Get Rich Quick'

light
traderlight
May 06 2011 at 10:38
18 príspevkov

yoohoo999 posted:
360% ROI per year is HUGE. Your risk must also be huge.

Fair enough if you're risking money that you wouldn't lose any sleep over if it all disappeared in a day. But I just can't see how it's possible to make 360% annual gains without subjecting your capital to considerable risk. The higher the risk your capital is exposed to, the more chance you have of it all going pear shaped and blowing an account.

If you've got a large risk appetite, then that's cool I suppose.

Have you never wondered why institutional traders only look to make less in a year than most retail traders try to make in a week? Preservation and protection of capital. That will generally make more money in the long run that taking large risks to make large profits.

I'm not saying you won't be hugely successful at the end of the year, you're clearly doing something right! But all I mean is that such large gains need large risk exposure, so you're more likely to lose substantial capital than someone making smaller gains with smaller risk exposure.

OK, I respect your views, but no I don't think I am taking excessive risk. I do manage my risk. We'll see..

light
traderlight
May 06 2011 at 10:39
18 príspevkov
yoohoo999 posted:
My point above applies equally. You need to be taking large risks to be making 30% a month profit. How comfortable would you feel taking those risks on a £1m account?

That's why I said I don't do much compounding

light
traderlight
May 06 2011 at 10:41
18 príspevkov
traderlight posted:
    
yoohoo999 posted:
My point above applies equally. You need to be taking large risks to be making 30% a month profit. How comfortable would you feel taking those risks on a £1m account?

That's why I said I don't do much compounding

If I ever reach the 1M in my life time, my monthly return off that 1M balance would not be anywhere near 30%

bbc21
May 06 2011 at 12:07
16 príspevkov
I also do not compouding that way as the acc. grow but usually look the possibility of winrate befor going into a trade and according to this, i trade the lot amount i think gives best profit/risk ration. This is the advantave of manual Trading.

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