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Is 35%+ per month sustainable?
forex_trader_1641092
Členom od Jun 17, 2020
17 príspevkov
Aug 11, 2020 at 11:18
Členom od Jun 17, 2020
17 príspevkov
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?
Členom od May 13, 2020
128 príspevkov
Aug 12, 2020 at 09:05
Členom od May 13, 2020
128 príspevkov
In any case, there will be fluctuations and stability is not visible here.
Členom od Feb 12, 2020
12 príspevkov
Aug 12, 2020 at 10:21
Členom od Feb 12, 2020
12 príspevkov
You can, of course, earn 35 percent or more per month, but this will be high-risk trading in its purest form.
forex_trader_1641092
Členom od Jun 17, 2020
17 príspevkov
Aug 12, 2020 at 10:22
Členom od Jun 17, 2020
17 príspevkov
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..
Členom od Jul 19, 2020
298 príspevkov
Aug 12, 2020 at 11:07
Členom od Jul 19, 2020
298 príspevkov
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.
forex_trader_1151190
Členom od Feb 28, 2020
17 príspevkov
Členom od Jan 16, 2014
416 príspevkov
Aug 13, 2020 at 06:33
Členom od Jan 16, 2014
416 príspevkov
It depends how good you are. If you are a excellent short term trader, 35% is certainly doable.
Členom od Jul 20, 2020
232 príspevkov
Aug 14, 2020 at 17:32
Členom od Jul 20, 2020
232 príspevkov
I think consistency is the main thing. If you can mke the profit consistently it is very profitable.
Členom od Jul 23, 2020
869 príspevkov
Sep 28, 2020 at 00:44
Členom od Jul 23, 2020
869 príspevkov
Michihito posted:Good tips. However, target can motive trader. It is kind of positive trading psychology.
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.
Členom od Jul 19, 2020
788 príspevkov
Sep 28, 2020 at 00:57
Členom od Jul 19, 2020
788 príspevkov
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.
Členom od Jul 19, 2020
751 príspevkov
Sep 28, 2020 at 12:32
Členom od Jul 19, 2020
751 príspevkov
@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.
Členom od May 24, 2020
112 príspevkov
Sep 28, 2020 at 14:02
Členom od May 24, 2020
112 príspevkov
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.
Členom od Jul 19, 2020
318 príspevkov
Sep 28, 2020 at 18:41
Členom od Jul 19, 2020
318 príspevkov
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.
Členom od Feb 20, 2019
15 príspevkov
Sep 28, 2020 at 19:37
Členom od Feb 20, 2019
15 príspevkov
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.
Členom od Oct 19, 2019
12 príspevkov
Sep 29, 2020 at 06:06
Členom od Oct 19, 2019
12 príspevkov
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
Členom od Jul 20, 2019
373 príspevkov
Sep 29, 2020 at 09:11
Členom od Jul 20, 2019
373 príspevkov
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
Členom od Jul 23, 2020
869 príspevkov
Oct 30, 2020 at 17:51
Členom od Jul 23, 2020
869 príspevkov
marco_mmbiz posted:I think 0.5 is too low. I recommend newbie 3-5% per month return. if you can achieve that, then aim for 10%.
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.
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