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What's the average percentage a trader makes monthly

Quoting jollypk
{quote} EAs might be hard to trust if you are not a developer. However i prefer trading manually and try to hedge my forex trades using binary options trading which also assure payouts up to 88 %.
Don't you afraid of binary options? For me all these BO brokers are vaguely, once I deposited some money there was a problem with fully withdrawal of all my money.. My account assistant was trying (ALL THE TIME) to convince me to trade more, when I (politely) was trying to give to understand that I don't want to cooperate with them.. Finally when I convinced her to withdrawal they gave me huge commision and my earnings decreased dramatically
I agree with Copernicus. For retail traders, you would need a big acount to make 1-2% work for you especially if looking to replace an income.

mt


Quoting Copernicus
{quote} It is a bit like asking 'how long is a piece of string'. We have no verifiable track record for retail traders that can determine your query with any precision. Hearsay or intuition is not a reliable tool to determine your query with any voracity. It is a bit like asking the same question to the roulette participant. Over the short term (number of spins) returns can widely vary. Over the long to infinite term (number of spins), your return asymptotically approaches the negative return of the house edge. We need to frame this question in...
This year (the last 6 months) my account is already 34% in profit.
The worst losing day had -0.5%
Quoting The-Flipper
This year (the last 6 months) my account is already 34% in profit. The worst losing day had -0.5%
I must say it’s a good result! By the way, what was your worst losing month?
Quoting The-Flipper
This year (the last 6 months) my account is already 34% in profit. The worst losing day had -0.5%
That is a pretty great result, I hope you you'll be able to keep it up.
This indeed is a rookie talk. Focusing on your monthly trading income while still learning BabyPips stuff would lead to wrong trading habits.

Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
Quoting KeenPips
This indeed is a rookie talk. Focusing on your monthly trading income while still learning BabyPips stuff would lead to wrong trading habits. Trade safe and prosper. KP
Many people do have some kind of a monthly goal as part of their trading plan. That said, I do agree that newbies should focus more on learning than on profit.
Quoting mlawson71
{quote} Many people do have some kind of a monthly goal as part of their trading plan. That said, I do agree that newbies should focus more on learning than on profit.
Having a monthly goal as part of your trading plan is not really a good idea. Why? Because your performance will always partially depend on the market. And you can't control the market.
Quoting heap99
{quote} Having a monthly goal as part of your trading plan is not really a good idea. Why? Because your performance will always partially depend on the market. And you can't control the market.
True. I think it's important to strive to meet that goal, but not at all costs, because that leads to losing money.
Quoting mlawson71
{quote} True. I think it's important to strive to meet that goal, but not at all costs, because that leads to losing money.
making profit for the month, or the week is also a goal, without actually quantifying it.
( beyond the obvious that it starts with +...)
there is always, always another trade!!
Most Forex traders are not profitable. Most new Forex traders have unrealistic profit expectations. Poor money management is one of the worst account killers for new traders.
As Snah replied other parameters count beside how much one makes per month, like drawdowns, Sharpe and other ratios, standard deviation... quite many in fact if you wanna be through.
And also it matters with what amount, as psychologically is one thing to trade 100$ and another one to trade 100 millions.
Best to look for is the expectancy and/or profit factor IMHO, as I'm a beginner. And with what amount and for how long was that traded successfully.
Looking for industry or brokers statistics is not always indicative either. If they say 2% have made this return over the past 20 years, they don't say if they were the same traders/funds in this 2% group.
Quoting Butterscotch
Most Forex traders are not profitable. Most new Forex traders have unrealistic profit expectations. Poor money management is one of the worst account killers for new traders.
Poor risk management also plays a big role in the losses people take. There's also lack of planning, lack of discipline, sometimes it's just plain ignorance about the markets, sometimes it's even a result of a scam.
Look at a m1, m5, m15 charts. How many price reversals (local low/high) do you see? All of them can be traded, so you can make a ton of money every day.
..
Quoting rockit
Look at a m1, m5, m15 charts. How many price reversals (local low/high) do you see? All of them can be traded, so you can make a ton of money every day.
That's true, if one can recognize the price reversal on time and then close their position on time on such small time frame. For some traders that's a big if.
Quoting Lordpipi
Hello Pip killers, I know this question is more like a cliche' , however I have noticed anytime the question pops up, I get to hear ridiculous answers as regarding % profitability. I am wondering how much those a regular retail trader makes monthly, and I am referring to traders that actually trade for a living on a real account Thank you
It is not possible to get a certain percentage of gain per month. Market does not move in the same way everyday. And everyday or every month you won't get similar number of good trades. Thinking about daily percentage and monthly is a spoil to our trading psychology. Trading is about grow your account over time. Trade if you get good set up, otherwise stay out of the market.
I think the right question is "How many times a trader blown an account a year?"
Quoting PXchange
I think the right question is "How many times a trader blown an account a year?"
That’s the true story! There have only 10% trader even less, who are consistent player here!
Quoting Butterscotch
Most Forex traders are not profitable. Most new Forex traders have unrealistic profit expectations. Poor money management is one of the worst account killers for new traders.
due to lack real money management is the foremost reason to loss for beginners , i don't agree , it a part behind losing but the main problem is the revenge trading that comes from emotions.
9,996 of every 10,000, make around -16.67% monthly.
There is no stats how much the other 4 guys are making.
Whatever it is, it is a POSITIVE percentage...
Maadik Hugiis. IQ 69.
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