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Silver spoon

  • #1
  • First Post: Edited Aug 8, 2018 5:23am Aug 1, 2018 1:45am | Edited Aug 8, 2018 5:23am
I opened new account on OANDA. Leverage is 1:20. My first goal on this acc. is to be in 5% traders who are not loosing money. My second goal is to make at least 1% a month profit.
First trade is EUR/USD. Acc. €100 deposit. Equity €100. 100/100.
  • #2
  • Aug 1, 2018 11:15am Aug 1, 2018 11:15am
My EUR/USD short is going well. Will close it before FOMC announcement.
  • #3
  • Aug 1, 2018 11:56am Aug 1, 2018 11:56am
Closed EUR/USD for 0.08 profit. Equity 100.08/100.
  • #4
  • Edited 2:56am Aug 2, 2018 1:57am | Edited 2:56am
Opened EUR/USD. S/L 118 pips. S/L is set at 1% of acc.(€1).
  • #5
  • Aug 2, 2018 3:03am Aug 2, 2018 3:03am
This trading for 1% growth of equity a month is not overly ambitious at first look. but if you check on forums, where traders actually record their results it is not so. Few really show profit.
  • #6
  • Aug 2, 2018 3:13am Aug 2, 2018 3:13am
Opened EUR/USD short trade at 1.1626. S/L 116 pips or 1% of equity .
  • #7
  • Aug 2, 2018 4:35am Aug 2, 2018 4:35am
Moved one stop loss in profit. S/L 1.16283.
  • #8
  • Aug 2, 2018 4:40am Aug 2, 2018 4:40am
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  • #9
  • Aug 2, 2018 4:48am Aug 2, 2018 4:48am
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Keep on falling. 2 trades with stop losses.
  • #10
  • Aug 2, 2018 5:09am Aug 2, 2018 5:09am
Closed both positions. In two days of trading 0.3% profit. Goal for this month 1%.
  • #11
  • Aug 3, 2018 3:42am Aug 3, 2018 3:42am
Open EUR/USD short at 1.1572 with S/L at 0.5% of acc.equity or 121 pips. Statement 200/200.03. Monthly goal 1% or €2.
  • #12
  • Aug 3, 2018 6:04am Aug 3, 2018 6:04am
Closed long silver trade at 0.02 profit.I need to close all trades before NFP.
  • #13
  • Aug 3, 2018 7:49am Aug 3, 2018 7:49am
Opened 1lot silver long at 15.475. Hedge on weaker USD.
  • #14
  • Edited Aug 5, 2018 3:05am Aug 4, 2018 7:55am | Edited Aug 5, 2018 3:05am
After first 3 days,I am trading with small profit. Results: 200/200.22. Have 2 open trades, both with small loss. Short EUR/USD is a carry trade now,paying interest. It is going to get better after next interest rate rise in US. In my opinion, EUR/USD can only get lower in longer term.
  • #15
  • Aug 5, 2018 3:13am Aug 5, 2018 3:13am
With €200 in account I will limit my trades to two lots of €100 each. when trade is in profit, than will open another one.Trades which correlate(ie Short EUR/USD long EUR/JPY will count us one. S/L will be set at 1% of equity.
  • #16
  • Aug 5, 2018 5:15am Aug 5, 2018 5:15am
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Start of a long walk to the top.
  • #17
  • Aug 6, 2018 1:57am Aug 6, 2018 1:57am
Opened short EUR/USD 0.001 lot trade.
  • #18
  • Aug 6, 2018 7:29am Aug 6, 2018 7:29am
I have googled a question: how much profit a month can you make trading forex? This are some of the answers.
I don’t know what is the average return of an average retail FX trader but I can tell you that on average 90% of people who open a trading account blow it for an average of $600 in less than six months.
The TRUE average return would have to be calculated over long period of time on accounts of traders who survived and are still in money today. I guess the average would be less than 10% per annum.
“The most money in this world was made by waiting not working.”
From the results we see here, we can see that returns on investment from hedge fund traders, who typically represent the institutional traders in forex, range from 15% to 50% annually, with majority being clustered around the 25% to 35% mark if we follow the Gaussian distribution pattern.
There’s nothing wrong with aiming for just 2% to 5% each month. In fact, I think that’s a good place to be. I am aiming for 1% to start. It's a long walk, not a sprint.
  • #19
  • Aug 6, 2018 8:17am Aug 6, 2018 8:17am
Quoting Triglav
I have googled a question: how much profit a month can you make trading forex? This are some of the answers. I don’t know what is the average return of an average retail FX trader but I can tell you that on average 90% of people who open a trading account blow it for an average of $600 in less than six months. The TRUE average return would have to be calculated over long period of time on accounts of traders who survived and are still in money today. I guess the average would be less than 10% per annum. “The most money in this world was made by...
maybe you will enjoy reading this:
https://psyquation.com/blog/en/myth-...busting-series

suggests a completely different stat based view on the "true average return" that has to be calculated over a long period of time, as you have googled.
there is always, always another trade!!
  • #20
  • Aug 6, 2018 8:40am Aug 6, 2018 8:40am
One possible explanation would be gambling. A person can open an account with leverage of up to 3000 and deposit $100 than bet it on one trade,if win take the money and not play again.
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