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Forex Profit... Im sorry but... (10% per month?) 114 replies

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  • #141
  • Jan 12, 2019 9:54am Jan 12, 2019 9:54am
Quoting josephcom
{quote} I'm sorry man. Those are anything but consistent long term successful accounts. Those are jokes. I am sorry man.
lets suppose for a moment that you are right, and forex profit is impossible.
( anyway, you seem to pretty much made up your mind, even though there were evidence to satisfy your "challenge". what was wrong with this accont? https://www.forexfactory.com/showthread.php?p=11868533#post11868533).

my question: what is next for you now?
where your conclusion is taking you?
if not forex, why do you waste your and others time on a forex forum still?
there is always, always another trade!!
  • #142
  • Jan 12, 2019 10:08am Jan 12, 2019 10:08am
Quoting hilmy83
i'm still waiting on his response to the PROOFS we provided. here they are TE (https://www.forexfactory.com/okanemochi#acct.32) Zulu (https://www.zulutrade.com/trader/302915/trading?t=10000) fundseeder (https://www.forexfactory.com/showthread.php?p=11860158#post11860158), Darwinex 1 (https://www.forexfactory.com/showthread.php?p=11863935#post11863935) darwinex 2 (https://www.forexfactory.com/showthread.php?p=11868533#post11868533) collective (https://www.forexfactory.com/showthread.php?p=11863935#post11863935)...
Your own TE is not bad either Hilmy over 50000 profits doesnt matter the time ore accountsize 50000 is still 50000 and just let the loozers give up they will be gone fast enough anyway
  • #143
  • Jan 12, 2019 11:05am Jan 12, 2019 11:05am
Trading can be stressful if your not trading properly my man, It isnt a get rich quick skeem this takes time, patience and a hell of alot of discipline, I have my own free telegram group chat where i post Forex market TA if you are interested in joining, link in bio

The main reason for people failing and quitting is over leveraging

You should ideally never risk more than 1% of your account

Example, if you have a $1k account, if you take 1 trade the most you should lose i $10 which is 1% this way you will be relaxed as the trade plays out while having a 2/1 Risk/Reward

So you risk 1% to make 2%, Risk $10 to make $20

Same goes for a $10k account; 1% risk is $100 to make $200 with a 2/1 RR

Hope this helps
  • #144
  • Jan 13, 2019 4:04am Jan 13, 2019 4:04am
Quoting CmartKrypto
Trading can be stressful if your not trading properly my man, It isnt a get rich quick skeem this takes time, patience and a hell of alot of discipline, I have my own free telegram group chat where i post Forex market TA if you are interested in joining, link in bio The main reason for people failing and quitting is over leveraging You should ideally never risk more than 1% of your account Example, if you have a $1k account, if you take 1 trade the most you should lose i $10 which is 1% this way you will be relaxed as the trade plays out while having...
Dude, you're from the US. Did you finish high school? You can't even write so how can you expect anyone to take you seriously if you can't even write. I know it's a public forum but, try to stop posting and learn to write in your native language first.
  • #145
  • Jan 13, 2019 7:36am Jan 13, 2019 7:36am
Quoting spotrate
{quote} Dude, you're from the US. Did you finish high school? You can't even write so how can you expect anyone to take you seriously if you can't even write. I know it's a public forum but, try to stop posting and learn to write in your native language first.
Yes i can see he has learned to read up to a point because all he`s"RULES"And"IDEAS" Is the standard bullshit every "Guru" ore "Mentor" ore also and mostly accountmanagers at brokers out there are trying to load on you so you will loose it all a little slower when you are new at this and doesnt know any betterIt is what it is total bullshit. If hadnt been for the bad language i would say he copy/paste from any FB group regarding forex.Probebly should not complain abaut language skills i am not native english speaker either.
  • #146
  • Jan 13, 2019 6:41pm Jan 13, 2019 6:41pm
Not impossible...but for the average person.....improbable
  • #147
  • Jan 14, 2019 2:13am Jan 14, 2019 2:13am
I have one!! My account has been open since February 2016 and has an EA attached to it and I have also traded manually. Its taken about 10 years to finally get it right, its all about the headspace! Don't be greedy, trust your trading strategy, give the trade enough room for movement so you don't stop out too quickly and learn not to pull it too quickly (I generally go for 20 pips with a 1 lot size) Don't over trade and make sure your account has enough money to cover so you don't get margin calls (this comes with not being too greedy) its all about not being emotional (which can be a really hard one to master).
I have traded and lost and won and lost again and again..its not fun but I believed in myself and work only on certainty of trades, using only two strategies (that I'm comfortable with, yours will probably be different) and remember.....trading isn't supposed to be calculated daily, sometimes you take the loss (I look at it a payment) but if you stick to the rules... COMPLETELY stick to the rules it works, the profits far out way the gains!
Due to privacy I don't want to put my account up on a public forum and I know that you would love to see it but for the last 6 months since I have been trading completely to the rules I have been depositing an average of $1000 a week. My EA did the previous work for making gains. Good luck, its a billion dollar market out there so there's plenty to go around. Just stay strict on yourself
  • #148
  • Jan 14, 2019 3:22am Jan 14, 2019 3:22am
Quoting yanetjellen
Not impossible...but for the average person.....improbable
Average means: low skilled Forex trader; nothing else! Isn’t mate?
  • #149
  • Jan 14, 2019 7:42am Jan 14, 2019 7:42am
Quoting Lisa13
I have one!! My account has been open since February 2016 and has an EA attached to it and I have also traded manually. Its taken about 10 years to finally get it right, its all about the headspace! Don't be greedy, trust your trading strategy, give the trade enough room for movement so you don't stop out too quickly and learn not to pull it too quickly (I generally go for 20 pips with a 1 lot size) Don't over trade and make sure your account has enough money to cover so you don't get margin calls (this comes with not being too greedy) its all about...
Well done to you, briefly what are your rules?
  • #150
  • Jan 14, 2019 8:48am Jan 14, 2019 8:48am
Quoting Zacjfs
{quote} Well done to you, briefly what are your rules?
To deposit more than he can loose so he have a positive equity curve
Insanityoing same ting over expecting different results..Einstein
  • #151
  • Jan 14, 2019 8:57am Jan 14, 2019 8:57am
I would like to ask , where did u guys manage to find those LIVE acc in forexfactory ?

especially those 6 digit live acc ???

i also notice those LIVE ACC that manage to survive long time , their trade size are usually SMALL , eg 0.01 lot , with 5 digit live acc ....
  • #152
  • Jan 14, 2019 5:48pm Jan 14, 2019 5:48pm
Quoting paogeh
I would like to ask , where did u guys manage to find those LIVE acc in forexfactory ? especially those 6 digit live acc ??? i also notice those LIVE ACC that manage to survive long time , their trade size are usually SMALL , eg 0.01 lot , with 5 digit live acc ....
//------

hey paogeh..... mine were mine..... see them everyday..... they were public till this thread deteriorated..... now private....

sometimes a 0.01 lot size might match a persons risk tolerance..... as you noticed, appropriate risk tolerance likely improves survival rate...... at least for me it does.....

personally i see nothing wrong with someone politely asking for proof of profitability..... and see nothing wrong with polite acknowledgement when that proof was provided..... but thats just me.....h
to trade and code, keep both simple... no call to impress....h
  • #153
  • Jan 15, 2019 3:01am Jan 15, 2019 3:01am
Quoting Zacjfs
{quote} Well done to you, briefly what are your rules?

OK... so I usually use channels either long or short on a 15 min chart then I wait for a breakout making sure that it stays there after the 15 mins then go for a 10 to 20 pip profit (after measuring the channel to see the length it should go to). I also use a wedge and they are the only two strategies I run with. I stick with the 1.0 lot size but will increase it soon. Seriously, just stick to the rules, stick to what you've learnt or been taught and trust yourself but STICK to the rules!
  • #154
  • Jan 16, 2019 4:30am Jan 16, 2019 4:30am
Quoting hayseed
{quote} //------ hey paogeh..... mine were mine..... see them everyday..... they were public till this thread deteriorated..... now private.... sometimes a 0.01 lot size might match a persons risk tolerance..... as you noticed, appropriate risk tolerance likely improves survival rate...... at least for me it does..... personally i see nothing wrong with someone politely asking for proof of profitability..... and see nothing wrong with polite acknowledgement when that proof was provided..... but thats just me.....h
thanks hayseed.

Using small lot size, eg 0.01 , with USD10K acc .
Though this might not burn the acc , but the return is ......low ....
lets say 1 year return 5% .....

might as well as , put the fund into stock that pay 5% yield , minus the time/headache to manage fx acc ....
  • #155
  • Jan 16, 2019 5:23am Jan 16, 2019 5:23am
Quoting paogeh
{quote} thanks hayseed. Using small lot size, eg 0.01 , with USD10K acc . Though this might not burn the acc , but the return is ......low .... lets say 1 year return 5% ..... might as well as , put the fund into stock that pay 5% yield , minus the time/headache to manage fx acc ....
//-----

hey paogeh..... your correct except for one seemingly minor detail..... frequency of trades.....

if 0.01 lot sized trades with a tp of 10 pips are made on a 1000$ account, all it takes is 1000 trades and you have roughly doubled your account..... just 1$ per trade....

it's know as resolution.....

would like to post a few links later today that will better explain......h
to trade and code, keep both simple... no call to impress....h
  • #156
  • Jan 16, 2019 6:04am Jan 16, 2019 6:04am
Wow .. this thread still going on? and the "answers" at least they are funny, you can easily tell who trades for real and who "think" they are doing it the right way

trade 1% and "stuff" keep it up (death by a thousand cuts, enjoy)
  • #157
  • Jan 16, 2019 8:19am Jan 16, 2019 8:19am
Quoting havo
Wow .. this thread still going on? and the "answers" at least they are funny, you can easily tell who trades for real and who "think" they are doing it the right way trade 1% and "stuff" keep it up (death by a thousand cuts, enjoy)
I would not advocate trading 1% per trade either. I would advocate one tenth of 1%. Traders hold trades because they cannot tolerate the idea of monetary loss. If you lose ten trades in a week at 1% each, you just lost 10% of your account. Now, you are looking at a reduction in position size because the trader is rattled from a bad week. They have lost the perspective that there are 52 weeks in a year. However, if 10 trades cost you 1% of your trading account, then you can cut losses with ruthless execution. This is the key.
If you are good at something, never do it for free--Joker
  • #158
  • Jan 16, 2019 8:40am Jan 16, 2019 8:40am
Here's one of my live accounts which is running for nearly 4 years now:

Deposit $23,675
Withdrawal $31,775
Current Balance $16,786

Yes, I know I took a loss on this account in September last year. Doesn't bother me, as it fits in with my backtest results. I am projected to be making new HWM by the middle of this year.

I think it qualifies the criteria specified by OP.

https://youtu.be/iJtJCbUFqxU
  • #159
  • Jan 16, 2019 9:13am Jan 16, 2019 9:13am
Quoting jmn5611
I would advocate one tenth of 1%.
//-----

hey jim............. and that would be my preference also...... hence my 1$ on a 1000$ above.......

it's likely those that try to double that 1000$ in a single trade will end up believing there is no future in trading forex.....

my laid back approach is to double it in 1000 trades..... to each his own.....h
to trade and code, keep both simple... no call to impress....h
  • #160
  • Jan 16, 2019 9:25am Jan 16, 2019 9:25am
Quoting hayseed
{quote} //----- hey jim............. and that would be my preference also...... hence my 1$ on a 1000$ above....... it's likely those that try to double that 1000$ in a single trade will end up believing there is no future in trading forex..... my laid back approach is to double it in 1000 trades..... to each his own.....h
actually those who try to do anything with 1000$ most case have no future in forex trading.
the cost of opportunity is just too high to make it worthwhile at that equity level.
spend the daily 0.5-2 hour on any part time job or bit of overtime, and will see lot better returns with lower risk for the energy spent.
it is a hard concept to understand though, and without the glamour, too

PS.
many remember those market wizard traders, some starting out with 5-10k and hitting big.
most forget that was in the 80s, and nowadays the equivalent dollar amount would be approx 30-50k....
there is always, always another trade!!
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