Oct 01 2018 at 14:51
jamesgwyther posted:togr posted:jamesgwyther posted:
I know people that make 15-20% a month from trading, but they are not messaging me asking me to join anything!
You do not.
I do, I have seen their accounts as I have been to both their houses to learn to trade.
Just because some people make more than you.....(not me probably yet though lol)
You may think you know such people
But you do NOT know them
Oct 03 2018 at 11:47
WHat do you mean please?
Oct 07 2018 at 06:02
15-20% a month is possible. If you start with micro account and let's say 500 bucks. Make a couple of insanely risky trades and you'll earn 10-50% per trade.
Then again you can lose it all just as fast.
You'd be better off betting on a coin toss.
Then again you can lose it all just as fast.
You'd be better off betting on a coin toss.
Oct 08 2018 at 10:52
My thoughts are that it is hard to maintain 15-20% month on month.
I started with a good run and then found biases in market changed and even though I maintain the same trading rules the number of trades that come up have been far fewer in last 2 months.
I think the case is that traders have a couple of good months, then they have the quiet months, and then they change their approach to capture more trades and this is where things can possibly go bad.
Plus a trading strategy that works today with probably not work 6 months from now without improvement and performance tuning.
Personally I don't care if I make 1% or 20% per month, the goal I am trying to keep is to have the returns graph on a consistent gradient.
I started with a good run and then found biases in market changed and even though I maintain the same trading rules the number of trades that come up have been far fewer in last 2 months.
I think the case is that traders have a couple of good months, then they have the quiet months, and then they change their approach to capture more trades and this is where things can possibly go bad.
Plus a trading strategy that works today with probably not work 6 months from now without improvement and performance tuning.
Personally I don't care if I make 1% or 20% per month, the goal I am trying to keep is to have the returns graph on a consistent gradient.
Oct 10 2018 at 10:05
The quiet month thing can be difficult at first. With many traders (myself included) there is a tendency to think that you should always be in a trade and at least trade a couple of times a day. But over the years I have come to believe that it is better to trade less frequently and wait for the good opportunities. I waited 2 weeks without taking any trade. It was tough but I then caught a big 200 pip move so I was very happy in the end
Oct 10 2018 at 13:35
GreatGame posted:
The quiet month thing can be difficult at first. With many traders (myself included) there is a tendency to think that you should always be in a trade and at least trade a couple of times a day. But over the years I have come to believe that it is better to trade less frequently and wait for the good opportunities. I waited 2 weeks without taking any trade. It was tough but I then caught a big 200 pip move so I was very happy in the end
Trading frequency as well as when to trade has to be defined in trading plan
If you do not have such trading plan, do not trade as then you are gambling.
Oct 10 2018 at 18:18
GreatGame posted:
The quiet month thing can be difficult at first. With many traders (myself included) there is a tendency to think that you should always be in a trade and at least trade a couple of times a day. But over the years I have come to believe that it is better to trade less frequently and wait for the good opportunities. I waited 2 weeks without taking any trade. It was tough but I then caught a big 200 pip move so I was very happy in the end
Good advice that.
No need to take a trade just for the sake of it.
Oct 11 2018 at 08:00
Waiting to trade is difficult at times. I agree with most of you wholeheartedly. Only trade with supreme confidence...when you can see your exit well ahead of your entrance to any position. Sometimes in a fast changing market you need to adjust your strategy as well. So, no need to stick around in an investment when your strategy is broken. Cut your losses and move on.
Oct 11 2018 at 08:07
ZenoTyrell posted:
Hi every one !
Frankly saying , I'm not a trader at all.
But one of my friend has been in this trading business for just around 6 months and
he's telling me that his boss is making 15 to 20% profit every month.
He's also asking me to invest in his team.
And he's also giving a guarantee not to lose any of my money and have a 15 to 20% profit or stable income.
He said his boss can make it even more , but he's just saying as a safe zone about this.
For me, everything he said is 'Too Good Too Be True' and even though I still can't believe it,
I want to make sure by hearing from all of you on this claim.
Is that possible ?
And if that's possible, is there anyone or anyway that can prove this could be done by some kinds of evidence.
Cos this is my friend , I don't wanna hurt him in any way but
I want to prove his boss is hiding something from him or just simply lying.
Can anyone please help me about this?
Is that possible to make Making 15 to 20% profit every month by forex trading ?
What's the average profit of a professional trader can make every month ?
( one of my friends recommended me to come here and asked about it , I hope any of you can help me )
Whenever I see someone offering a 'guarantee' of returns or no loss, that is a HUGE, and I mean a HUGE red flag.
Oct 11 2018 at 15:02
ForexScreamer posted:
Whenever I see someone offering a 'guarantee' of returns or no loss, that is a HUGE, and I mean a HUGE red flag.
If it sounds too good to be true - it usually is.
Am I missing something? Why would you sell a working profitable strategy/tool or whatever if you can use it yourself instead?
Also, when someone tells you he'll sell you a profitable tool/strategy/signals - ask them if you can use it on your current broker.
When the answer is 'You have to use this broker, with this account' - you can be sure it's a scam.
If a strategy/signal is profitable it should be so on every broker.
Accept the loss as experience
