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20% per month. Is this possible?

  • #21
  • Sep 29, 2007 12:07am Sep 29, 2007 12:07am
Quoting Gwan
Drop the target.... it will cause you to over trade or let an opportunity goes away....

should you keep record of daily progress it is not to be chased.....

oh and yes, it is even possible to have 10% in 1 day, but again, it is not to be chased, it is a market given opportunity.
Gwan is wise. Concentrate on learning to trade well and let the numbers be what they'll be. If you chase a monthly figure your thinking will be clouded and your judgement skewed.
Sometimes you'll be offered huge opportunities and sometimes none. The best batter in the world can't depend on a certain number of hits in any given game if the pitches don't come. Sometimes he has to take the walk.
  • #22
  • Sep 29, 2007 10:31am Sep 29, 2007 10:31am
I would not say 20% per month is impossible.. but I would seriously doubt if there are many who can do it consistently for years. I aim for 3-5% per month.
  • #23
  • Sep 29, 2007 11:42am Sep 29, 2007 11:42am
Yes I would say it could be done,but for how long.5% per week on a 100k=5k per week take only high probability trades and invest 10k per tradex 50 pips =5k per week,sounds easy huh!!!!!!!!!!!
  • #24
  • Sep 29, 2007 12:32pm Sep 29, 2007 12:32pm
Quoting Xaron
I make 1-5% per month, but only with a small account (~$10,000) risking 2% per trade. I think that's a likely ammount, don't know what others make.

Regards - Xaron
Why not just put your money in a high yield savings account then, and stay out of the forex all together? I know of savings accounts that pay out more than 4% a month, and you don't even have to risk losing any % at all, unlike the Forex. I'm not trying to be rude, or anything, but I'm puzzled why so many people would go through all the hassle and risk of trading FX with having a goal of such a low return.
Binary Options Trader
  • #25
  • Sep 29, 2007 12:56pm Sep 29, 2007 12:56pm
Savings account with 4% per month? Are you being serious? I want proof! And if it does exist then Im moving my savings!
  • #26
  • Sep 29, 2007 1:05pm Sep 29, 2007 1:05pm
Quoting Deadly Avenger
Savings account with 4% per month? Are you being serious? I want proof! And if it does exist then Im moving my savings!
I stand corrected, that is a high yield's checkings account, with no maintenance fees.

http://www.zionsbank.com/high_yield_...opNav=pfinance


And the traders over at www.gfsignals.com probably make WAY more than 1% a week, on average (however, there is no way I can verify this without knowing their balances, it's just a guess.) Their signal service is genuine, on time and identical to the trades that their traders actually make.
Binary Options Trader
  • #27
  • Sep 29, 2007 1:05pm Sep 29, 2007 1:05pm
Quoting Yoda_Glenn
Why not just put your money in a high yield savings account then, and stay out of the forex all together? I know of savings accounts that pay out more than 4% a month, and you don't even have to risk losing any % at all, unlike the Forex. I'm not trying to be rude, or anything, but I'm puzzled why so many people would go through all the hassle and risk of trading FX with having a goal of such a low return.
Savings at 4% per month?! I'd love to hear about that!!!
  • #28
  • Sep 29, 2007 1:08pm Sep 29, 2007 1:08pm
I stand corrected, that's annual and not monthly. My bad.
Binary Options Trader
  • #29
  • Sep 29, 2007 1:14pm Sep 29, 2007 1:14pm
Still, I don't see how someone risking 2% a trade can only make back 4% a month on their account on average. They must see A LOT of loses from their daily trades.
Binary Options Trader
  • #30
  • Sep 29, 2007 4:25pm Sep 29, 2007 4:25pm
4% per month savings? That would be nice, but it would never happen without risk... It would mean we could all be rich in a few years of compounding
  • #31
  • Sep 29, 2007 4:45pm Sep 29, 2007 4:45pm
Quoting peregrine
I would focus on increasing your win/loss ratio. Instead of counting the money you have not won to spend on the beach.
To your question it is possible, but likely you will exceed the theoretical 2-5% risk. Measure the risk yourself.
win/loss ratio is nothing IMO. the best traders win 40-60% of the time. Just the gains are much much larger then the losses. You can have a 30% win/loss ratio and still be in the green. My target is 50/50.
  • #32
  • Sep 29, 2007 7:58pm Sep 29, 2007 7:58pm
Quoting Xenaga03
win/loss ratio is nothing IMO. the best traders win 40-60% of the time. Just the gains are much much larger then the losses. You can have a 30% win/loss ratio and still be in the green. My target is 50/50.
There's a 1000 ways to skin a cat. Results are what matters, but the ability to have a good win/loss ration shouldn't be discounted. You would be doing yourself a disservice if you didn't track that kind of stuff.
as far as 1-2%a day, imho that is a realistic number for intraday trading. some make more, some make less, i see no reason not to let good trades run.
  • #33
  • Sep 29, 2007 8:30pm Sep 29, 2007 8:30pm
it is possible, but you need to wait for the set ups to happen. you also need to have solid money management. problem with many traders is that they will make a pile and then lose it all in one or two "bad trades"
  • #34
  • Sep 29, 2007 8:33pm Sep 29, 2007 8:33pm
Its possible but not easy. --I think if you do this for a living, its possible if your really good. I think about 99% of the systems fail and that's what puts people over the edge. If your that 1% ..you might have to be automated.
just my 2Cts.
  • #35
  • Sep 30, 2007 5:10am Sep 30, 2007 5:10am
Has anyone here made 20% per month over a 2 year or more period? I have never spoken to anyone who has done it.
  • #36
  • Sep 30, 2007 6:10am Sep 30, 2007 6:10am
Quoting billflet
Gwan is wise. Concentrate on learning to trade well and let the numbers be what they'll be. If you chase a monthly figure your thinking will be clouded and your judgement skewed.
Sometimes you'll be offered huge opportunities and sometimes none. The best batter in the world can't depend on a certain number of hits in any given game if the pitches don't come. Sometimes he has to take the walk.
I've only been trading live for a few months, but doing ok. To me, and my way of trading, what billflet and gwan say here has been one of the keys. forget aiming for a consistent 20% per month cause it'll cause you to chase the wrong trades.
  • #37
  • Sep 30, 2007 10:09am Sep 30, 2007 10:09am
Quoting Xenaga03
I am not so new to forex, but I would like to know if any professional traders have been able to consistently pull off 20% a month, at least uptil a $100,000 account. Is this possible? I am trying to figure out what my target should be monthly for my return on capital and what figures are realistic.
Maybe this should help you. Big fund managers are happy to make 25-30% per year.

If you can grow your account by 2-5% per month then you are doing really well
  • #38
  • Sep 30, 2007 10:12am Sep 30, 2007 10:12am
Quoting peterM
Has anyone here made 20% per month over a 2 year or more period? I have never spoken to anyone who has done it.
again you'd have to wait for the set ups, I dont know anyone who has done it each and every month. but maybe as an average over 2 years, meaning some month they do 40% and some they do 10%
  • #39
  • Sep 30, 2007 11:49am Sep 30, 2007 11:49am
Quoting iandekoker
Maybe this should help you. Big fund managers are happy to make 25-30% per year.

If you can grow your account by 2-5% per month then you are doing really well
This is true, though I would like to add that in most cases an individual trader trading a private smaller account has much more flexibility in their trading allowing them to produce higher daily / monthly % profit on their account, as well as higher % of loss if that be the case.

A consistent 5% a month can make you wealthy if you take care of your profits.

Trust me, GREED CAN KILL any account,
If only I knew 2 years ago what I know now.....
Live & Learn..
  • #40
  • Sep 30, 2007 2:44pm Sep 30, 2007 2:44pm
Unlikely to happen constantly.
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