Can I make 40% per month consistently

Quoting Vantage

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Today is a public hol here and I've just finished breakkies with the better half shes gone back for a lie in and I'm at work in front of the computer.

Its a National Day of Mourning the oh damn our cricket team is cr*p day. Let me load up a chart and we'll see if we are on the same page. back in a sec.

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Quoting kzazs

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I dont know about 40% per month, but i can only tell you about myself. I start with an ex amount of capital on the 1st of January every year. I double it by the end of year. Cash out my profits on the 31st of Dec. That is my annual income, which comes out be a very good amount in 5 digits. I use it for the whole year. By the time i spend it, i am ready to cash out my next annual profits. I am a full time trader. I don't do any thing else for income. I have been trading for 10 years. But this consistent income i have been able to gnerate for last 3 years. Just to let you know this successful formula is not mine, i learned it from my mentor. May be if given an opportunity i will narrate my success story

KAZAM

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Quoting kzazs

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I dont know about 40% per month, but i can only tell you about myself. I start with an ex amount of capital on the 1st of January every year. I double it by the end of year. Cash out my profits on the 31st of Dec. That is my annual income, which comes out be a very good amount in 5 digits. I use it for the whole year. By the time i spend it, i am ready to cash out my next annual profits. I am a full time trader. I don't do any thing else for income. I have been trading for 10 years. But this consistent income i have been able to gnerate for last 3 years. Just to let you know this successful formula is not mine, i learned it from my mentor. May be if given an opportunity i will narrate my success story

KAZAM

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Quoting don perry

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congrats on the 15%, i only made 1.4%

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Quoting zalakinc

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I disagree, its as easy to make 1500 on 10000 account as 15 dollars on 100 dollars account. its just adding zeroes!! you just need to control your emotions and follow your system.

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Quoting bravado

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can you make 40% consistently every month.

why not 41%. why not 39%.

i can't believe threads like this actually have this many replies. along with EA threads with "holy grail" embedded in its title.

let me not stop there. i can't believe people wishing anyone to do well with title of the thread such as these, or thanking anyone with a blackbox EA with 'holy grail' on the title.

people ask me why i'm so angry all the time and that's because i'm just an angry person.

well ok.. no one asked me that. but now you know.

for all who seek consistent anything on a month or a holy grail anything i have an answer for you:

if the trade don't go your way, turn your monitor upside down and look at it through a mirror.

this is TRULY how you control the market.

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Quoting gregwilson

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Yes.

...you can make that kind of return, I have, but you have to know what you're doing (I take money from those who don't know). Likely--if you know what you are doing, you wouldn't have asked the question. My advice: demo trade, demo trade, demo trade until you know.

Kind regards

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Quoting zalakinc

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Cricket you say??? what country are you in? are u following the world cup...australia is kiccking butts.

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Quoting gregwilson

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I was interested to read the feedback from the trader who says he trades full-time for a living, beginning three years ago or so. Like him (he sounds very conservative in his trading decisions), I've been learning currency trading for a decade, only recently got a handle on it, i.e. where I'm consistently making a profit.

Maybe I could have speeded up my learning curve by finding a mentor early on, but I'm the kind of guy that learns through trial and error. Years later I did sign up for trading courses, then a mentoring program, because, though I'd learned a lot, my percentage of losses were still too high. Depending on money management strategies, 20% losses are too high. You can easily wipe out your stake at that rate. As a goal, I feel you need to hit approx. 90% wins.

Despite all the years of learning ($$dollars spent$$), reading book after book, the mentor, etc., I still wasn't quite there. I was close to finding the brass ring, but what was it? This puzzlement went on for quite awhile. One day out of the blue it hit me that I needed to throw everything out, just go with what I knew for sure, i.e., what I knew worked for me, and not necessarily anyone else. That's when I started winning consistently.

I think you eventually have to find your own style. At least I can't rely on anyone else. I have to make my own trading analysis, my own trading decisions without the undo influence of anyone. If I listen to others on a given trade, it means I'm not secure in my own knowledge.

Used to post my trades on this forum prior to and after they were done, but I don't think they helped anybody. Some of the feedback and counter opinions I received became undo influence. It also gave me an inflated ego when I was right on a trade and could flaunt my wizardry to others. I was setting up for a fall.

Important lesson: patience. For a long time I was eager to make a trade whenever I flipped on the computer. Currency trading is a 24/7 wheel of fortune, right? Wrong. There are times to trade and times not to trade. Now I only trade once, maybe twice within a 24 hr period. There are days when I don't trade at all. If the chart doesn't look right, I don't trade.

Regards.

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Quoting the_wizard

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percentages do not tell the full story though because it is much easier to make a higher percentage return on a smaller account.

i actually increased my account by over 75% in 15 minutes this week but if you could see the actual return in pounds it wouldn't be half so dramatic.

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Quoting bravado

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can you make 40% consistently every month.

why not 41%. why not 39%.

i can't believe threads like this actually have this many replies. along with EA threads with "holy grail" embedded in its title.

let me not stop there. i can't believe people wishing anyone to do well with title of the thread such as these, or thanking anyone with a blackbox EA with 'holy grail' on the title.

people ask me why i'm so angry all the time and that's because i'm just an angry person.

well ok.. no one asked me that. but now you know.

for all who seek consistent anything on a month or a holy grail anything i have an answer for you:

if the trade don't go your way, turn your monitor upside down and look at it through a mirror.

this is TRULY how you control the market.

Ignored

Quoting bravado

Disliked

can you make 40% consistently every month.

why not 41%. why not 39%.

i can't believe threads like this actually have this many replies. along with EA threads with "holy grail" embedded in its title.

let me not stop there. i can't believe people wishing anyone to do well with title of the thread such as these, or thanking anyone with a blackbox EA with 'holy grail' on the title.

people ask me why i'm so angry all the time and that's because i'm just an angry person.

well ok.. no one asked me that. but now you know.

for all who seek consistent anything on a month or a holy grail anything i have an answer for you:

if the trade don't go your way, turn your monitor upside down and look at it through a mirror.

this is TRULY how you control the market.

Ignored

Quoting Vantage

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If the title was A Journal would that have created any interest. The title seems very accrurate to me because 20 pips per day as a goal seems fair enough OK, with me so far. 20 pips per day on a $10000 etc etc 40% per month.

OK the title is meaningless as is any thread's title. Is there any trader out there that can offer a tweak, improvement, suggestion to the way of trading. Or as someone said earlier effectively run with what works for you. Obviously I'm doing this but some system ideas might be nice.

Unless of course you (just joking) would like to offer some comments on the title of the thread ....................

PS Yes I'm determined to actually enjoy this experience.

Cheers, have a good 'un!!

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Quoting Vantage

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Oh by the way you never ever TRUELY control the market. The market is always in control. All you can do is jump on the train at an opportune moment make a few pips (20 a day hopefully) and enjoy the ride.

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Quoting bravado

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given the first rule of this forum, i will refrain myself of a retort.
Forex Factory is actually a very good forum.

i've already got banned once already and i do not want that.

which doesn't mean i don't have much to retort about.

that's just me though. i don't find most jokes funny. one you told including.

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