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In FOREX, is 10% return per month good enough?

  • #221
  • Jun 7, 2019 1:00pm Jun 7, 2019 1:00pm
Quoting momo3HC
{quote} Then what you would be pleased with?
If I made 10% profit every month I'd be pleased. As it is, I am also pleased for half as much.
  • #222
  • Jun 7, 2019 1:44pm Jun 7, 2019 1:44pm
Yes you can earn that if you have a good understanding of forex market.
  • #223
  • Jun 8, 2019 6:57am Jun 8, 2019 6:57am
It's more than enough, tough to achieve though
  • #224
  • Jun 9, 2019 11:41am Jun 9, 2019 11:41am
Quoting Treeny
It's more than enough, tough to achieve though
That's true, most people don't achieve even remotely that percentage.
  • #225
  • Jun 10, 2019 7:10pm Jun 10, 2019 7:10pm
In my opinion, before talking about % returns, first formulate a system that works so we are actually not losing money. Then after that, shoot for how many % we think can made from the system. The answer is more easily found this way.

Doesnt matter if its 10%, 5% or even 1% per month. 1% of a trade size $100 is $1. 1% of a trade size $10000 is $100. Do a profitable system first and the rest will fall in place.
  • #226
  • Jun 11, 2019 6:22am Jun 11, 2019 6:22am
Good reading. Thanks for all the advice.
  • #227
  • Jun 11, 2019 7:03am Jun 11, 2019 7:03am
10% a month is good and if it's lasting then very good!
  • #228
  • Jun 13, 2019 4:33am Jun 13, 2019 4:33am
10% annual return is considered decent income in business. Obviously, to live of that your starting capital needs to be higher than $100.
  • #229
  • Jun 15, 2019 8:23am Jun 15, 2019 8:23am
Quoting TonyRamirez
10% annual return is considered decent income in business. Obviously, to live of that your starting capital needs to be higher than $100.
We`re talking monthly mate. Not yearly.
  • #230
  • Edited Jun 17, 2019 12:19am Jun 16, 2019 1:59pm | Edited Jun 17, 2019 12:19am
Quoting TonyRamirez
10% annual return is considered decent income in business. Obviously, to live of that your starting capital needs to be higher than $100.


Have you ever run your own business? 10% annual decent
Whether you think you can, or you think you can't,you're right. H.F.
  • #231
  • Jun 21, 2019 12:46pm Jun 21, 2019 12:46pm
And at the same time a lot of traders can't achieve that 10% profit annually.
  • #232
  • Jun 21, 2019 1:02pm Jun 21, 2019 1:02pm
It all depends. If you use the good risk management and manage to make 10% then you are a great trader. But it is hard to make 10% every month. Sometimes you make 30 %, sometimes you end up losing 30% if you don't quit before, regarding your rules.

It is just your trading system and risk management. Overposition and you can make 100%, but then also lose 100%.

I would say 10% is a good return, but never put money or pips or percentage as goals. It will make you over-trade. Just keep onto the process and compound.
If you want to see charts on different level, start listening to Madonna
  • #233
  • Jun 22, 2019 6:29am Jun 22, 2019 6:29am
c'mon guys,discussing 10% return without knowing important variables is plain childish if not stupid.No offense to anybody.
What is trading capital,leverage,trading style(long term,swing,daily,scalping etc etc).
Without knowing those answers 10% means nothing and yes it is possible a no it is not possible.
Whether you think you can, or you think you can't,you're right. H.F.
  • #234
  • Jun 29, 2019 2:55am Jun 29, 2019 2:55am
Quoting Simply-Me
c'mon guys,discussing 10% return without knowing important variables is plain childish if not stupid.No offense to anybody. What is trading capital,leverage,trading style(long term,swing,daily,scalping etc etc). Without knowing those answers 10% means nothing and yes it is possible a no it is not possible.
If anyone can make even 5% monthly return in a long run; that would be enough! 5% means 60% yearly return!
  • #235
  • Jun 29, 2019 1:12pm Jun 29, 2019 1:12pm
Quoting ZikriIrfan
{quote} If anyone can make even 5% monthly return in a long run; that would be enough! 5% means 60% yearly return!
If anyone could run their own business,there would be no workers to work for them.
Whether you think you can, or you think you can't,you're right. H.F.
  • #236
  • Jun 30, 2019 3:07am Jun 30, 2019 3:07am
Quoting Simply-Me
{quote} If anyone could run their own business,there would be no workers to work for them.
Hi; are you talking about Forex or anything else?
  • #237
  • Jun 30, 2019 3:19am Jun 30, 2019 3:19am
The problem is 10% is not enough for most of the traders since they have small accounts. But 10% monthly over 4-5 years on a 5 digit account is pretty good. Especially if you compound the money.
If you want to see charts on different level, start listening to Madonna
  • #238
  • Jul 2, 2019 12:34pm Jul 2, 2019 12:34pm
well.I'd like to how those 5-10% per month or year guys trades 10 000,- account.Forget about %%%. Real numbers.What would be size of 1 position open..How much would you risk per trade.How many pips you expect to make.How many trades per month. etc,etc.
c'mon shoot it and forget about big banks and funds.We are not them.
Whether you think you can, or you think you can't,you're right. H.F.
  • #239
  • Jul 2, 2019 12:50pm Jul 2, 2019 12:50pm
hahah 10% per month enough? sure it is....how if i change the question...

Is there any business that can generate 10% profit every month for businesses that have only been established for 1-3 years?
Keep Trading for Better Life!!!
  • #240
  • Jul 2, 2019 1:57pm Jul 2, 2019 1:57pm
Quoting announ
hahah 10% per month enough? sure it is....how if i change the question... Is there any business that can generate 10% profit every month for businesses that have only been established for 1-3 years?
Business does not need to generate 10% profit every month.What is more important what revenue is business generating.I as a former business owner 20 + years, I had my salary from business revenue and a never counted %%% profit per month.Maybe big businesses does,but i owned small business up 20 employees. Same apply for trading,I'm small trader.not a bank or fund,so I do not care have they trade or calculate their profit. Money we earn from trading are our revenue,not profit.We still have are expenses,but keeping them low,e.g.trading from home, using existing internet connection,no hassle with business partners,employees etc etc etc makes different.
Actually I was tired of running busies so I sold it and started trading. Trading gives me enough income,more free time and less hassle. However it took few years to get business on some level of efficiency and same apply for trading.
Whether you think you can, or you think you can't,you're right. H.F.
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