20% per month. Is this possible?

it’s not entirely impossible) I believe some skilled traders with effective risk management strategies and deep market understanding have achieved high returns in short periods, especially in volatile markets

Where do I need to click to see such an amazing strategy? )))))

im a swing trader myself. i do 20% on average taking not more than 3 trades in a month.
First trade, 2% risk to make 10% ( 1:5)
Second trade, 3% risk to make 15% (1:5)
Third ,( if i choose ) 5% to make 15% (1:3)
it's more about your approach to fine tuning your risk to reward to match your trading method.

Even if you compounded only once per month (though why would you, with that stellar performance?!), at an average of 20% per month, an initial modest $3,000 account would turn into more than $2,000,000.00 in less than 3 years.

Even the top-performing pro hedge-fund managers can’t ever achieve that kind of growth.

How long have you averaged 20% per month for?

Thanks for joining the forum - I hope we can all learn a lot from you.

20% per month, on average?!?!?!?! For sure, there's never been such a successful trader here (or in any other forum).

Is it the swing that used to belong to that Prince I keep getting emails from? His grasp of arithmetic, logic and credibility are similar to yours.

20% is realistically possible.
All is being determined by you. If you have developed your own method then 20% should be average. If you are follow someone else's method you might struggle.
The difference is that you have intimate knowledge and understanding of your own method and not the other.
Example
Put 50EMA on any chart. Study price behavior. Aim for RR of 1:3 and see what you find

You'll never achieve 20% a month doing this.
Unless you're the retail broker that paid the forum to promote a risk:reward of 1:3.

if you can do 20% every month,you will be the richest man...

Yep it is definitely possible. Let's just do some simple math then you'll get to it.

Risk per trade: 2%
Winrate: +- 70% with R:2R

 

1. Assuming 1 trade per day, total 20 trades per month
2. Total Wins: 14
3. Total Lose: 6
4. 4% (14) - 2% (6) = 44% per month

More than enough my friend, but make sure you always stick to your trading plan.
Never overtrade
Never overleveraged
Once you've placed your SL & TP, sit back and let the market plays out

Good luck!

It's great advice to stick to low number of trades per day. At least you will save on commissions and spreads which should improve overall return.

100% it is.

But do you need it? That question is for you to answer but with just 6% you can make a huge amount of money.

Think about it. You pass a prop firm challenge for 100k

6% on that is 6k minus the amount you pay them, you have around 5k.

You are now earning top 5% or 1% of income (depending on where you live)

Best part this is just step 1... you can now compound accounts meaning more AUM (Assets under management)!

Which = higher pay-outs!

I joined just to reply. I have averaged over 30% for well over 3 year, just a few months after I started.. well OK, I had 1 bad month, my 1st July I made 7%. That's when I learned July and August don't work for me and I adjusted.
I started like everyone, following 1 stupid guru after another, I even tried binaries and made great earnings until the algorithm changed. Then I stopped and watched, I got the $600 tradingview package and for 30 days I did nothing but watch history in the 1 min, 5 min, 30 min time frame until I noticed something, something I then built MY strategy around. I never paper traded as you need real money to get the spread, gap, feeling of the trade. I made 40% my first week and got my 1st account ban. I made an account under my wife and had a 30% week and another ban.
Then I called brokers and explained what I was doing and they told me why I was banned. I worked out parameters that worked with them and a small lot limit. I traded that for 2 months then they tel me go to 100 lots, keeping in touch weekly and built up to 250 lots then they told me to not go higher, in the mean time I started testing with other brokers, getting weekly calls and trading what they would allow. Some are 100 lots, some are 250. I only use US based brokers, I only trade a few times a month, I spend 0 time on charts and I spend more time on broker calls than actually trading!!!
What I do is so different that I call brokers and get approval 1st, run tests with small trades, show them exactly what I do. I have spoken to the trading desks, their managers etc. I'm a vip with all us brokers that offer it, I go to events they sponsor, I have flown around the country to meet my broker contacts.
I started small, 1k during testing, 10k when I had proof of concept and built from there.


Some helpful tips.
Don't do what others are doing, to many people doing the same thing causes problems.
If you use tradingview to trade (highly recommended) make the profit show in pips and minimize your account so all you see is pips not $$$. Now size doesn't matter.
Use a copy trader to scale but don't copy trade across brokers.
Talk with your broker.. all this BS about hunting for SL is BS, I see the same movement on brokers I'm testing with 3 lots and ones I have 250 lots. Brokers want your spread not your SL.
If your strat has setting you can automate get a programmer to make you a custom ea(bot). Best money I spent (after tradingview) was on my bot. I have it for mt4 and 5 and monitor the trade on tradingview but the bots do the work and cuts down on errors and emotions.
Doesn't take much, my 1st I used earnings and spent maybe $250 on fiverr. I replaced that with a much more polished version and added features several times to the point I just click a button 1 or 2x a week.

So, yes it's definitely possible
The broker is your friend
Don't look at $, % matters. Use copy trader and copy to the larger account if your afraid of big numbers.
Don't use other people's ideas.

Anything is possible, but I don't think that should be the plan - the black swan is not far away.
I wouldn't dare go to the markets with this target.
5-10% per month if you are financed at 2-5%
That is realistic.

The idea doesn't really make sense
AdrewFx manages 600k prop capital with 1-2% profit per month. That means he makes 60k-90k minus taxes per month.
I think 20% per month is wrong thinking and has nothing to do with serious trading. But nothing is impossible in the forex market...

Well! Achieving returns of 20% every month is likely far-fetched even for the most skilled traders. Some may manage to do it once in a while, but on a regular basis? That's asking for too much. For most traders, a more attainable goal would be in the range 5 beside to 10 percent a month. It's healthiest to strive for gradual progression and healthy risk control. Make a plan that you feel is within your grasp, then make adjustments as you grow. All the best!

That is potentially possible if you have a winning strategy, alas trading in the markets can be volatile. Just when you think you're about to win, reality steps in to humble you.