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$2000 a month

  • #1
  • First Post: Feb 2, 2020 1:59am Feb 2, 2020 1:59am
Hi,

I'm looking for any strategy or EA to earn $2000 a month ($100 a trading day). I'm no expert. Can someone guide if this is achievable?
I know if this is feasible then it is a holy grail but just want to hear from the fellow traders as many might be following a particular strategy to
gain constant profits. Please help.

Thanks
R
  • #2
  • Feb 2, 2020 4:17am Feb 2, 2020 4:17am
Send me PM when you find it. we can be friends. lol
  • #3
  • Feb 2, 2020 4:29am Feb 2, 2020 4:29am
Two things.
1/ Anyone with such a strategy/EA will attach a $1M+ price tag.
2/ Such a person won't have time (TIME) to reply to your request. ...on FF!

Keep hopeful...i may be wrong.
____
L.L.L.T
  • #4
  • Feb 2, 2020 5:08am Feb 2, 2020 5:08am
This is very vague...
I guess, if you have $200.000 and make 1% per month, you can make $2.000...

Depends on your account size, lot size and risk you want to take.
  • #5
  • Feb 2, 2020 5:17am Feb 2, 2020 5:17am
It is possible but you just have to figure it out by yourself on how you and not others can do it... though it takes a lot of work before you succeed.
  • #6
  • Edited 6:21am Feb 2, 2020 6:07am | Edited 6:21am
Quoting rexfobi
Hi, I'm looking for any strategy or EA to earn $2000 a month ($100 a trading day). I'm no expert. Can someone guide if this is achievable? I know if this is feasible then it is a holy grail but just want to hear from the fellow traders as many might be following a particular strategy to gain constant profits. Please help. Thanks R
Rexfobi.

I have tried many EA's for the last 10 years.
None of them would be consistent, in producing profit in log term, with large amount of drawdown.
unless you can manually interfin and rescue some of the drawdown.

The best advise one could give you, is to learn how to trade manually with price action successfully
.
There are a few very good trading rooms website on Youtube, ( FREE) with good strategies you can learn alot and there are free. You can check these two for start.
No affiliate with any of them.

WicksDontLie.com ( New york open) *****

Todd Capital Group Live Stream ( London open) ****
Best luck.
  • #7
  • Feb 2, 2020 6:20am Feb 2, 2020 6:20am
Quoting rexfobi
Hi, I'm looking for any strategy or EA to earn $2000 a month ($100 a trading day). I'm no expert. Can someone guide if this is achievable? I know if this is feasible then it is a holy grail but just want to hear from the fellow traders as many might be following a particular strategy to gain constant profits. Please help. Thanks R
There is a thread ''Daily Trading Ideas'' they are really doing fantastic job... Go through that.... May be there you can find something you want... Green Pips Always....
  • #8
  • Feb 2, 2020 7:25am Feb 2, 2020 7:25am
A net profit of $2000 per month on a $2000 account size is impressive whereas $2000 profit on a $200000 account isn't. Can you describe the ROI in terms of percentage? Being profitable is easy if we don't make things complicated but, it's human nature to make things complicated, until at least we develop wisdom.
  • #9
  • Feb 2, 2020 8:44am Feb 2, 2020 8:44am
first of all It depends on the amount of capital you have and want to trade with it.
  • #10
  • Feb 2, 2020 1:26pm Feb 2, 2020 1:26pm
no clear answer for a vague topic..

but watch this,

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11
  • Feb 2, 2020 1:59pm Feb 2, 2020 1:59pm
Quoting rexfobi
Hi, I'm looking for any strategy or EA to earn $2000 a month ($100 a trading day). I'm no expert. Can someone guide if this is achievable? I know if this is feasible then it is a holy grail but just want to hear from the fellow traders as many might be following a particular strategy to gain constant profits. Please help. Thanks R
I don't think you'll find honest answer here.What you will find is most crappy answers.On the other hand is it is hard to answer if one doesn't know your situation.
How much time you can spend trading daily?
What your trading capital?
Do you have any experience?
I'll give you hint.It is not that hard to do 5% daily on small account.You just need to do 4 trades and get 10 pips each risking 1.25%.Of course you'll have to take in account spread and commission.It is not that hard,but also is not easy and definitely is not holly grail.
And don't listen to all those excel tab compound wanna be traders millionaires. It work for small account,small lots.What is small one has to determine for himself.
Whether you think you can, or you think you can't,you're right. H.F.
  • #12
  • Feb 2, 2020 3:42pm Feb 2, 2020 3:42pm
Thanks everyone for your honest responses. Much appreciated. Will check the suggestions.

Between to answer regarding capital. I dont have a fixed capital but really wanted to know how to generate $2000 profit a month (and what could be the potential capital i may need to have). if someone would have come back and said minimum $100k then i know that is something i cant afford. Was just trying to hear people's view.

Thanks again everyone.
  • #13
  • Feb 2, 2020 4:44pm Feb 2, 2020 4:44pm
Quoting rexfobi
Thanks everyone for your honest responses. Much appreciated. Will check the suggestions. Between to answer regarding capital. I dont have a fixed capital but really wanted to know how to generate $2000 profit a month (and what could be the potential capital i may need to have). if someone would have come back and said minimum $100k then i know that is something i cant afford. Was just trying to hear people's view. Thanks again everyone.

$2000 a month from a capital of $100K is reasonable. Anyone generating over $2000 per month from a 100K capital most likely is taking a lot of risk.
  • #14
  • Feb 2, 2020 10:01pm Feb 2, 2020 10:01pm
Quoting rexfobi
Thanks everyone for your honest responses. Much appreciated. Will check the suggestions. Between to answer regarding capital. I dont have a fixed capital but really wanted to know how to generate $2000 profit a month (and what could be the potential capital i may need to have). if someone would have come back and said minimum $100k then i know that is something i cant afford. Was just trying to hear people's view. Thanks again everyone.
It might seem a little ambitious but my goal is $4000 per month on a 10K account on the attached demo TE. That's 40% per month. Everything will mostly depend on your trading strategy.
  • #15
  • Feb 2, 2020 11:47pm Feb 2, 2020 11:47pm
Quoting rexfobi
Thanks everyone for your honest responses. Much appreciated. Will check the suggestions. Between to answer regarding capital. I dont have a fixed capital but really wanted to know how to generate $2000 profit a month (and what could be the potential capital i may need to have). if someone would have come back and said minimum $100k then i know that is something i cant afford. Was just trying to hear people's view. Thanks again everyone.
Best thing for you is : visit mql5 site and analyze the EA s that are there and maybe you found something good with your conditions.
  • #16
  • Edited 12:41pm Feb 4, 2020 12:25pm | Edited 12:41pm
Quoting yalgaar
{quote} $2000 a month from a capital of $100K is reasonable. Anyone generating over $2000 per month from a 100K capital most likely is taking a lot of risk.
Would you elaborate little it more?

How would you trade 100K account? What would be your position size,risk per trade (RPT),SL,TF, TP etc,etc.

Thanks
Whether you think you can, or you think you can't,you're right. H.F.
  • #17
  • Feb 4, 2020 12:58pm Feb 4, 2020 12:58pm
Quoting Simply-Me
{quote} Would you elaborate little it more? How would you trade 100K account? What would be your position size,risk per trade (RPT),SL,TF, TP etc,etc. Thanks
Use 1% risk per trade. You can risk about 100 pips per trade (Sl). What your target would be depends on the strategy and market condition. Try aiming for 20 pips per trade with a SL of 10 pips. If you lose 3 trades in a row end your day and come back tomorrow. After a month is over review your results. Stick to your trading strategy strictly and avoid any emotional stress. You would probably only need to trade the first 2-3 hours of the EU session to achieve a 20 Pips winner. If you do that, stop trading for that day as well and come back tomorrow. Don’t over complicate things.
  • #18
  • Feb 4, 2020 1:44pm Feb 4, 2020 1:44pm
Quoting lddd
{quote} Use 1% risk per trade. You can risk about 100pips per trade (Sl). What your target would be depends on the strategy and market condition. Try aiming for 20 pips per trade with a SL of 10 pips. If you lose 3 trades in a row end your day and come back tomorrow. After a month is over review your results. Stick to your trading strategy strictly and avoid any emotional stress. You would probably only need to trade the first 2-3 hours of the EU session to achieve a 20 Pips winner. If you do that, stop trading for that day as well and come back...
How can you risk 100pips per trade (Sl) ,if you aiming for 20 pips per trade with a SL of 10 pips.

OK so 1% of 100k is 1000,-.So if SL is 10 pips you can trade 100,- per pip.it's about 10 lots per trade.
20 pips daily by 20 working day is 400 pips by 100,- per pip is 40 000,-.This is little bit more than 2000,- s month,even if you trade only 10 days it's still much more.
Whether you think you can, or you think you can't,you're right. H.F.
  • #19
  • Feb 4, 2020 1:49pm Feb 4, 2020 1:49pm
$2000/M is very easy.
Here is the guide:
1. Deposit $1,000,000 dollars to your forex account
2. Trade! and make 0.2% return every month, surely this is doable. I don't know anything and I do more than 1%/m, check my trade explorer!
3. At the end of every month, take out that sweet $2000 from your account
4. Repeat.

Hope you get what I'm saying.
market is a device for transferring money from the impatient to the patient
  • #20
  • Jun 21, 2020 1:14pm Jun 21, 2020 1:14pm
Quoting bs4
$2000/M is very easy. Here is the guide: 1. Deposit $1,000,000 dollars to your forex account 2. Trade! and make 0.2% return every month, surely this is doable. I don't know anything and I do more than 1%/m, check my trade explorer! 3. At the end of every month, take out that sweet $2000 from your account 4. Repeat. Hope you get what I'm saying.
Wow! What a simple way for making $2000 dollars a month
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