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

lurehuh
Feb 08 2021 at 06:19
20 โพสต์
It is surely possible to make some amount of profit if you keep working hard and show some determination towards your trades. Try to use some strategies that turn out to be useful and profitable. Keep exploring and experimenting with them.
baytonhinity
Mar 02 2021 at 09:51
20 โพสต์
You can always start with it again or from scratch. It is important to know the basics of forex trading before opening a live account. Good luck.
Araton
Mar 02 2021 at 10:14
5 โพสต์
Thomas Lawson (TrendReversals66)
Mar 07 2021 at 10:59
7 โพสต์
You need to have a consistent strategy that uses at least a 2:1 profit to loss ratio.
richardmarcus
Mar 18 2021 at 04:42
104 โพสต์
iamartist posted:
Dear FX Traders.

I am not much experienced trader and also really not understand at all about Forex. I just did it simply.
From historical trading, please kindly advise if any missing important thing which I might damage my money.


Cheers.
Artist
you should place trades carefully after reviewing the market conditions and voltality
Marketmultitool
Apr 07 2021 at 17:00
69 โพสต์
I'd aim for at least 3:1 trade otherwise its not worth doing ,ok sometimes you have to cut at break even if you see an obvious change in the pattern ,but most of my trades are 5:1 ,10:1
5-10% per month is easily possible.
SofieAndreasen
Apr 08 2021 at 17:28
759 โพสต์
To achieve that kind of return, trader need to work hard and improve their skill.
Tremblay
Apr 09 2021 at 06:41
330 โพสต์
lurehuh posted:
It is surely possible to make some amount of profit if you keep working hard and show some determination towards your trades. Try to use some strategies that turn out to be useful and profitable. Keep exploring and experimenting with them.
I agree with you. A good strategy can help you to achieve that result.
LyudmilLukanov
Apr 10 2021 at 16:15
869 โพสต์
It is possible to earn that much return. Currently, my goal is a 5% return per month.
WimConrad
Apr 12 2021 at 08:42
21 โพสต์
dWaverFX posted:
I don't think the question is if it possible.
I think the question is are you able to do it?
😎 Perfect answer!! Do not start live trading until you are sure you can do it!
RyanSimpson
Apr 12 2021 at 08:56
5 โพสต์
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%).
RyanSimpson
Apr 12 2021 at 11:20
5 โพสต์
And in addition to my previous comment (stating that it's possible to make far more than that), keep in mind that it isn't a good idea to ask for advice or insight on here, or any other forex forum. Most forex traders lose money. So when you're getting answers, you're getting answers from people who lose money in trading, more often than from people who make money in trading.
I saw a few answers saying 'it isn't possible'. Those remarks come from people who have lost money, or make very little trading.
If such a small percentage of traders make money, don't do what the majority do haha. Do what the minority do. And don't listen to advice from a forum where large numbers of traders congregate.
Of course, if you're trading retail methods, risking tiny amounts, not managing risk professionally, and using a shocking R:R like 1:1 or 1:3. yes it makes it harder to make money.
My new system for example, I follow the banks and the clues they leave behind (they control the markets, not 'bulls and bears'). I don't listen to analysts and their reports. I use the economic calendar to forecast when banks will make their next big moves to my entries or targets. I don't 'trade the news'. I don't use any indicators whatsoever. I trade no less than 1:5 Risk-Reward ratio. My risk is between 1% and 2% per trade. I currently focus on one thing only (US30). I trade whenever I see an opportunity (normally multiple times per day), with 5M as my base timeframe. If I'm averaging 1 out of 3 correct, and risking 1% per trade, aaaand going no less than 1:5, my average daily increase on capital is 3% or more.
It is possible.
gwendolyncole
Jul 28 2021 at 09:53
11 โพสต์
Yes, it is possible to make a gain of 5 to 10 percent every month. I am doing it and a number of my friends are doing the same. Some are making even more but you need to be extremely consistent with your trading and chalk out a proper trading plan. Formulate the right strategies and implement them suitably. Moreover, money and risk management is also essential for better results.
Freddy Taylor (Freddy4Taylor)
Aug 05 2021 at 14:07
37 โพสต์
I think it is possible, but I am sure it is very difficult to have many positive trading transactions in a month.
momo3HC
Feb 20 2022 at 13:05
300 โพสต์
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?
Jack Smith
forex_trader_[745947]
Feb 20 2022 at 16:05
57 โพสต์
momo3HC
2-4% per day means 40-80% per month LOL
I think nowadays myfxbook is the place of rookie traders.
Fx_challenger
Feb 20 2022 at 17:53
62 โพสต์
10% monthly is possible, but if you consider that as a ' Must Be ' you will get enough damages
HollandTrader (kasparsvas16)
Feb 20 2022 at 17:57
319 โพสต์
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%.
RyanSimpson
Feb 21 2022 at 08:08
5 โพสต์
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
RyanSimpson
Feb 21 2022 at 08:11
5 โพสต์
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
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