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20% per month. Is this possible?

  • #381
  • Apr 17, 2019 10:13am Apr 17, 2019 10:13am
Quoting ZikriIrfan
{quote} Basically; traders need to understand first their own trading ability; anything like unrealistic target would be painful for sure.
I agree, self-awareness is key to success. If you don't have realistic expectations you'll end up losing money.
  • #382
  • Apr 27, 2019 8:31am Apr 27, 2019 8:31am
Quoting mlawson71
{quote} I agree, self-awareness is key to success. If you don't have realistic expectations you'll end up losing money.
Yes mate; traders have to understand 1st their own capacity; expecting more (without any logic) it’s a disease.
  • #383
  • Apr 27, 2019 10:45am Apr 27, 2019 10:45am
Quoting ZikriIrfan
{quote} Yes mate; traders have to understand 1st their own capacity; expecting more (without any logic) it’s a disease.
It's greed and arrogance, pure and simple. A lot of traders suffer from those, sadly.
  • #384
  • Apr 27, 2019 11:40am Apr 27, 2019 11:40am
Quoting mlawson71
{quote} It's greed and arrogance, pure and simple. A lot of traders suffer from those, sadly.
Thanks mate; yes, they are! We should follow our own strength.
  • #385
  • Apr 28, 2019 11:28am Apr 28, 2019 11:28am
Quoting ZikriIrfan
{quote} Thanks mate; yes, they are! We should follow our own strength.
Which sides of your character do you think are your strengths when it comes to trading?
  • #386
  • Apr 29, 2019 8:05am Apr 29, 2019 8:05am
Quoting mlawson71
{quote} Which sides of your character do you think are your strengths when it comes to trading?
My chart reading skill is my main strength for sure.
  • #387
  • May 4, 2019 10:52am May 4, 2019 10:52am
The most important thing for a trader is the stability of positive results over a long period of time.
"Money makes Money"
  • #388
  • May 9, 2019 5:19am May 9, 2019 5:19am
Does anyone want me to bring it? I have studied it for ten years. Basic 50% making money。。。。
  • #389
  • May 10, 2019 5:31am May 10, 2019 5:31am
i always prefer weekly trading target ,
monthly target is a long time approach and we cant keep our patience properly.
  • #390
  • May 13, 2019 8:49am May 13, 2019 8:49am
well, it is possible but not sustainable. You are going to earn 20% per month for couple of months and then 20% losses etc.
If you are eager to earn 20% per month, prepare to lose 20% per month as well.
  • #391
  • May 18, 2019 10:24am May 18, 2019 10:24am
I'm sure the original post meant 20% per month on average which is not possible IMO
  • #392
  • May 19, 2019 4:09am May 19, 2019 4:09am
Well may be not exactly 20% every month but +/- 3-5% from this 20 why not. There`s nothing impossible.
  • #393
  • Sep 16, 2019 8:32am Sep 16, 2019 8:32am
Quoting hanover
Hi Xenaga03 I think the answer depends on system expectancy, and one's personal tolerance for risk. With leverage and a compounding MM system, almost anything is possible. At least that is the mathematical answer. Everything else being equal, return and risk are both directly proportional to position size. 20% per month might well be attainable, if one is prepared to size positions to take on the necessary risk, i.e. where bad months will result in sizable drawdowns, and the real possibility of wipeout. Vendors promote their systems by quoting return,...
well 20% not possible but what about 20% each month non-compounded?
  • #394
  • Sep 18, 2019 12:29am Sep 18, 2019 12:29am
Your target has to be achievable and realistic. doesn’t matter how much other traders are making per month or per year. Target has to be set as per your knowledge and trading skill.
So practice hard before you can figure out what is the realistic target for you.
  • #395
  • Sep 18, 2019 9:04am Sep 18, 2019 9:04am
Quoting martin15
Your target has to be achievable and realistic. doesn’t matter how much other traders are making per month or per year. Target has to be set as per your knowledge and trading skill. So practice hard before you can figure out what is the realistic target for you.
That’s the point; traders need to follow their own path; instead of following others activity!
  • #396
  • Sep 18, 2019 10:56am Sep 18, 2019 10:56am
Sometimes the latter also helps, but it should not be done blindly.
  • #397
  • Sep 30, 2019 10:01am Sep 30, 2019 10:01am
Quoting mlawson71
Sometimes the latter also helps, but it should not be done blindly.
Buddy; what you are talking about? Chart pattern or anything else?
  • #398
  • Oct 4, 2019 11:39am Oct 4, 2019 11:39am
Quoting GeorgeBaile
{quote} Buddy; what you are talking about? Chart pattern or anything else?
Sorry, I was referring to deciding whether one wishes to trade on their own or follow someone else's signals.
  • #399
  • Oct 5, 2019 11:07am Oct 5, 2019 11:07am
You can earn 20% in a month or in a few months, that’s not hard especially if you use dangerous strategies like martingale or trading without stoploss. But earning 20% PER month, month after month I don’t think so. If you could earn 20% a month you could turn 100$ into 891$ in a year, and to 7938$ in two years, and to 70,734$ in three years, and to 630,247$ in four years, and to 5,615,501$ in five year! So in five years you turned a small 100$ account to 5 million and now you’re a millionaire. I don’t wanna keep going for a few more years because you’ll beat Bill Gates soon. But how many people do you know who are earning more money than bill gates in Forex? unfortunately I don’t know a single one.
  • #400
  • Oct 9, 2019 1:44pm Oct 9, 2019 1:44pm
Quoting mlawson71
{quote} Sorry, I was referring to deciding whether one wishes to trade on their own or follow someone else's signals.
Oh; now I see! By the way; I didn’t see any long-lasting result by following others signal! A rare case!
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