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How much you make per day

  • #21
  • Dec 14, 2007 3:17am Dec 14, 2007 3:17am
of course anythings possible.

now show proof.
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  • #22
  • Dec 14, 2007 3:35am Dec 14, 2007 3:35am
Quoting pircj
Hi, I am newbie and would like to know how many pips/$ per day can you make with 200$ or 1000$ initial deposit per day on i.e. 100 leverage.

Thanks for the information.

Regards
Look at it this way: If you're able make 30% per year, you'll be beating most of the mutual funds out there.
Domo Arigato, Mr. Roboto!
  • #23
  • Dec 14, 2007 3:41am Dec 14, 2007 3:41am
  •  mld
  • | Joined Sep 2007 | Status: Pips Raining Cats & Dogs | 85 Posts
50% per month with conservative trading
believe it or not, this is Forex
mld
  • #24
  • Edited 6:29am Dec 14, 2007 3:44am | Edited 6:29am
Between -100 to +500 with 0 most of the day as many days are no trade...

edit : wooops did not read the full question. Well with such small deposit i could not tell and you would have to trade 0.01 lots...
  • #25
  • Dec 14, 2007 4:06am Dec 14, 2007 4:06am
Quoting mld
50% per month with conservative trading
believe it or not, this is Forex
mld

Hmm...

So you are telling me that you can turn $100,000 into $13Mil in 1 year with conservative trading (conservative trading IMO is that which will not produce more than a 20-30% drawdown, preferably much less)? If so, I think we will be reading about you sooner rather than later.

ps Forgive my cynicism, this is just a very hard concept for me to grasp. What is your definition of conservative trading?
  • #26
  • Dec 14, 2007 4:21am Dec 14, 2007 4:21am
Quoting mld
50% per month with conservative trading
believe it or not, this is Forex
mld


I donīt believe you.
Dream on pal...
Trainee at UBS Investment Banking
  • #27
  • Dec 14, 2007 4:41am Dec 14, 2007 4:41am
  •  mld
  • | Joined Sep 2007 | Status: Pips Raining Cats & Dogs | 85 Posts
Quoting Agro
Hmm...

So you are telling me that you can turn $100,000 into $13Mil in 1 year with conservative trading (conservative trading IMO is that which will not produce more than a 20-30% drawdown, preferably much less)? If so, I think we will be reading about you sooner rather than later.

ps Forgive my cynicism, this is just a very hard concept for me to grasp. What is your definition of conservative trading?
exactly no more than 20% drawdown

Quoting th_ngue21


I donīt believe you.
Dream on pal...
I am purely realistic
  • #28
  • Edited 6:55am Dec 14, 2007 6:16am | Edited 6:55am
Quoting th_ngue21
Look, 10% make money. 1% make +100% per year. 10% of the profitable traders make 1000% per year maybe? That is 0,01% of forex traders.
If 10% (1 in 10) make money (profitable)

and

10% of the profitable traders make 1000% per year,

then,

1 of 100 traders make 1000% per year.

That's 1% of forex traders, not 0.01%. You're off by a factor of 100.
  • #29
  • Dec 14, 2007 6:27am Dec 14, 2007 6:27am
Quoting mld
50% per month with conservative trading
believe it or not, this is Forex
mld
yeah, sure, any live statement longer than one month to show this ?

Tell me when you will buy Google, i'll buy the stock before it goes public
  • #30
  • Dec 14, 2007 6:49am Dec 14, 2007 6:49am
Quoting Agro
Hey Blue

1000% a year?

I find this very hard to believe that traders can consistantly turn over a prifit like this (but not impossible). If someone were to do this, it would not take them long untill they surpass that wealth of Bill Gates. I have not heard of any traders that wealthy.

Not trying to pick a fight here, just interested. Where did you get that information?

Cheers
I'm not a very good trader by any measure, and in fact, have just turned profitable, but I'm averaging 4% per week lately, usually risking less than 1% on any trade - I use a very small position size relative to my account.

I am improving, so it is realistic to expect that results will improve with time. It does get easier. As I improve, I will increase my position size, so 5 - 10% per week should be quite realistic. Also, as I learn more techniques, the number of trades per week should go up, further increasing gains.

Numbers:

Case 1:
$1000 mini account
trade 1 mini lot per $1000 account equity (10:1 leverage)
10 pips per day
20 trading days per month

1 year total = $10,785 (978% gain)

Case 2:
same as above except 20 pips per day average

1 year total = $113,616 (11,261% gain)

Yes, 1 becomes 100 in 1 year, at 20 pips per day, obeying risk management.

Now, even at this rate, it would take quite a few years to get as wealthy as Bill Gates, assuming you could continue trading with huge sums of money, and you can't.

Also, most professional traders remove money from the account regularly, therefore they don't get exponential growth forever. Why do this if you never take money out? And, if you take money out quarterly for taxes, the above numbers go all to crap. Probably cuts the returns in half.

Furthermore, once a trader builds up a million or two, most are smart enough to take some out and diversify into other areas, and start over with a smaller sum.

There are some rich traders out there, make no mistake. Not many of them mess around on forums. Be glad for the few that are kind enough to show up and try to help us.
  • #31
  • Last Post: Dec 14, 2007 10:11am Dec 14, 2007 10:11am
  •  mld
  • | Joined Sep 2007 | Status: Pips Raining Cats & Dogs | 85 Posts
Quoting melpheos
yeah, sure, any live statement longer than one month to show this ?

Tell me when you will buy Google, i'll buy the stock before it goes public
No I don't have any statement demo or live lmao I have no reason also to show if someday I'll have it,
I may buy it and do will inform you hehe but nowhere like Forex works like a charm to me, if someday you need a signal drop me a line
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