How much money can a seasoned semi-pro make with trading on Forex? | Forex Factory

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How much money can a seasoned semi-pro make with trading on Forex?

  • #1
  • First Post: Nov 16, 2007 9:42am Nov 16, 2007 9:42am
Hello!

I'm still very fresh in all this, working on my strategy, money management and everything.

Anyway, I was wondering, what could a seasoned semi-pro do, if you'd give him $10.000. Is it likely that he could turn this money into, let's say, $20.000 in a year, without taking too much of a risk? Is it possible to have this kind of gains, if your account's exposure is max. at 6%? Or do you need to take bigger risks to achieve a 100% return?

And what do most of you find "easier" to trade - Forex or Stocks?

Sorry for my n00bish questions, but I'd like to hear your answers and opinions. Thanks! http://forums.babypips.com/images/smilies/smile.gif
  • #2
  • Nov 16, 2007 9:48am Nov 16, 2007 9:48am
Most could take your $10,000 and turn it into $2500 in about 2 months. Some could do it more quickly.

I think forex is much easier than stocks because it trends a higher percentage of the time. The leverage is quite nice as well.
  • #3
  • Nov 16, 2007 9:53am Nov 16, 2007 9:53am
Quoting Treehugger
Hello!

I'm still very fresh in all this, working on my strategy, money management and everything.

Anyway, I was wondering, what could a seasoned semi-pro do, if you'd give him $10.000. Is it likely that he could turn this money into, let's say, $20.000 in a year, without taking too much of a risk? Is it possible to have this kind of gains, if your account's exposure is max. at 6%? Or do you need to take bigger risks to achieve a 100% return?

And what do most of you find "easier" to trade - Forex or Stocks?

Sorry for my n00bish questions, but I'd like to hear your answers and opinions. Thanks! http://forums.babypips.com/images/smilies/smile.gif
Forex is "easier" to trade because:

1. Everyone has the same rights to trade at anytime, anywhere. (banks/super traders or Hedge Funds have the same rights as a "smart" small trader.

2. Forex, has only one risk. That is the Global Market Risk.

3. Forex has a Leverage System. You can put less money to earn big.

4. You can Hedge in Forex.

BUT....

Forex is hard to master! Much harder than stocks....

Everyone agree with me?
Trainee at UBS Investment Banking
  • #4
  • Nov 16, 2007 10:05am Nov 16, 2007 10:05am
Thank you, replies are much appreciated!

@philmcgrew: hehe, had a good laugh on that. But it's probably true.


@th_ngue21: can you please explain, why is it harder to master Forex, than stocks? Just wondering...
  • #5
  • Nov 16, 2007 10:05am Nov 16, 2007 10:05am
A really good trader can probably churn out between 6-10% a month.

It depends on your systems expectancy, price action, %risk/trade, etc.

Some traders claim 20% on a monthly basis. (Horse dung)

I've only seen one documented trader take 20% off the table on a monthly basis. (I don't believe he trades any currencies)

He's also on the Forbes list. (John Arnold)

Setting up unrealistic expectations is a great way to blow up an account.
  • #6
  • Nov 16, 2007 11:00am Nov 16, 2007 11:00am
  •  Carlos
  • | Joined Sep 2005 | Status: Commitment, planning and discipline | 65 Posts
I think 20% a month can be acheived... however on a cash basis, without leaverage anything over 20% per annum on a consistent basis would be very good.

To be making in excess of 20% a month you must be a very skilled short term futures trader with stacks of discipline. However to be making 20% or 10% a month you will be exposed to a larger drawdown than 6% i feel. I think you would have to stomach 20% +

Of couse all these figures are pie in the sky, one never knows.
  • #7
  • Nov 16, 2007 11:06am Nov 16, 2007 11:06am
Quoting Treehugger
Thank you, replies are much appreciated!

@philmcgrew: hehe, had a good laugh on that. But it's probably true.


@th_ngue21: can you please explain, why is it harder to master Forex, than stocks? Just wondering...
I cannot tell you. You should learn your mistake at your own way.
Trainee at UBS Investment Banking
  • #8
  • Nov 16, 2007 11:18am Nov 16, 2007 11:18am
Quoting th_ngue21
I cannot tell you. You should learn your mistake at your own way.
If that's your answer then why bother participating in this forum? The original poster deserves better than that.

Don't be afraid to say "I'm a 22 year old smartass and I didn't know what I was talking about."
  • #9
  • Nov 16, 2007 11:27am Nov 16, 2007 11:27am
Quoting philmcgrew
If that's your answer then why bother participating in this forum? The original poster deserves better than that.

Don't be afraid to say "I'm a 22 year old smartass and I didn't know what I was talking about."
Ouch!

Phil, when you say 10k with 2k return over 2 months you mean a general 10% return on average iyo (in your opinion. copyrighted by me, right now)? This is the most important question imo, as pip values can change and as money increases so does income/loss.
  • #10
  • Nov 16, 2007 11:32am Nov 16, 2007 11:32am
Huh?

Did I say I come here to discuss and share my trading experience with peoples?

The answer is No..

I just like to read trading forums and post anything what I want.
Trainee at UBS Investment Banking
  • #11
  • Nov 16, 2007 11:53am Nov 16, 2007 11:53am
Classic reason why one should not believe everything they read on the internet, newspapers and what they hear on TV
Quoting th_ngue21
Huh?

Did I say I come here to discuss and share my trading experience with peoples?

The answer is No..

I just like to read trading forums and post anything what I want.
In trading, there is no bullshit. You either make money or you don't.
  • #12
  • Nov 16, 2007 11:59am Nov 16, 2007 11:59am
Quoting mrgreen
Classic reason why one should not believe everything they read on the internet, newspapers and what they hear on TV


Yes, True!!

The best trades that you can make is listen to yourself!
Trainee at UBS Investment Banking
  • #13
  • Nov 16, 2007 12:25pm Nov 16, 2007 12:25pm
Quoting acumen
A really good trader can probably churn out between 6-10% a month.

It depends on your systems expectancy, price action, %risk/trade, etc.

Some traders claim 20% on a monthly basis. (Horse dung)

I've only seen one documented trader take 20% off the table on a monthly basis. (I don't believe he trades any currencies)

He's also on the Forbes list. (John Arnold)

Setting up unrealistic expectations is a great way to blow up an account.



This thread has been around many times before
Trust price. Know yourself.
  • #14
  • Nov 16, 2007 12:30pm Nov 16, 2007 12:30pm
Quoting renegade7
Phil, when you say 10k with 2k return over 2 months you mean a general 10% return on average iyo (in your opinion. copyrighted by me, right now)? This is the most important question imo, as pip values can change and as money increases so does income/loss.
No, I was joking (partialy) that if you gave most traders $10K they would lose $7500.
  • #15
  • Nov 16, 2007 12:38pm Nov 16, 2007 12:38pm
Quoting philmcgrew
No, I was joking (partialy) that if you gave most traders $10K they would lose $7500.
Oh, haha. I've heard the "80-100% return in a year from seasoned traders" saying thrown around a lot so I was just wondering whether it held any truth or not....
  • #16
  • Nov 16, 2007 12:53pm Nov 16, 2007 12:53pm
  •  mld
  • | Joined Sep 2007 | Status: Pips Raining Cats & Dogs | 85 Posts
100% return in a month sure not an impossible thing to do
mld
  • #17
  • Nov 16, 2007 1:08pm Nov 16, 2007 1:08pm
100% return in an hour is possible, given the right scenario.

There are dozens (hundreds? thousands?) of methods for trading currencies.... All of which are prone to risk and therefore there is no guarantee of any return. Those are the cold facts.

So I say, trade only what you can afford to lose, and hope to have some good luck.

Quoting mld
100% return in a month sure not an impossible thing to do
mld
  • #18
  • Nov 16, 2007 6:09pm Nov 16, 2007 6:09pm
Quoting renegade7
Oh, haha. I've heard the "80-100% return in a year from seasoned traders" saying thrown around a lot so I was just wondering whether it held any truth or not....
Please can someone clear this confusion i have; i've heard people turn 10k using leverage in 100k in a year, isn't that not more than a 100% returns on 10k of investment...or am i missing something, please clarify this for me.
  • #19
  • Nov 16, 2007 7:13pm Nov 16, 2007 7:13pm
I can turn a $10,000 account to $0.00 in a few days ....
  • #20
  • Nov 16, 2007 7:14pm Nov 16, 2007 7:14pm
I guess it could be possible to turn 10k into 100k..... with some ridiculous luck and insane risk/leverage
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