10% Profit Possible?

Dear All

I would like to find out how many of us can make a minimum 10% per day on an average scale. I have seen trading results from other forum, some made a minimum of 5% per day and some made 10% a day. Now, let's see in this forum how much can a person make, 2%, 5%, 10% or more....

Let's share the formula, someone in XXXX forum willing to share their formula and I'm learning. I would like you to comment here so that we can share the same formula.

Stop talking out of your arse!

very risky, about 10% is my weekly profit

I personally think that if you are going to set daily profit targets you are going to be pushing shit up hill. Much more realistic to look at monthly performance, imho.

I think no one would claim 10% a day every day day after day but what i can say its possible to have a 100% hit rate and make non stop profits on the forex , in fact its not only possible its a fact
YES ANY GIVEN DAY, YOU MAY HAVE EVEN A GREATER THAN 10% PROFIT EVERY DAY THERE IS WHERE THE BILLIONARES ARE FOUND JUST IMAGINE THE COMPOUNDING EFFECT OF 10% PER DAY

BUT AT LEAST I CAN HONESTLY SAY I MAKE MONEY NOW ON EVERY TRADE
ON THE FOREX 6 MNTHS AGO I COULDNT SAY THAT
HAVE A LOOK AT MY THREAD
maybe its better to start on the last page and work back

From Brian
the thread "roll over(carry trades) that can be used for 100% hit rates" by brijon. .
http://www.forexfactory.com/showthread.php?t=67211

Seriously 10% a day is not possible.

1.1 raised to the power of 200 trading days = 1,899,052% return
If you believe that its possible to make 1.8M percent return per year you must be smoking crack.
Don't say it is possible, because who would you trade with after 1 year alone?

10% a day is possible, when using good MM (look at SL to determaine lots). But when your accounts grows less margain is availible until you reach the 1:1 level... Then you'll begin to trade only one pair and progress is slow since a 50 pips+ on EUR/JPY is just a 0.3% equity increase

5-10% a trade is possible, maybe not a day though. I've had runs where I did just that, problem is that was the forex market before Subprime meltdown. Things seems to have changed. I scalp for 1-8% now intraday. But I have had some losers too, so best to just stick with baby steps.

I've had 200% account growth in 1 day before

Yes well over stretched, but easy with a £180 I think it was, 3 GBPUSD's ( FXCM margin calls me at £150 so pretty safe ).


I'd be happy to be consistently profit of any sort at this stage though!!


Average 10% profit per week ( for instance ) start figure £1000, 6months your account is up £12000, 1 year your at £142,000. Take you 2 months I guess at 10% per day.

This will get harder as the account value grows, unless your totally insane and don't mind trading at $100 per pip when @100K in the account.

All I can say to you is that you can make a living out of this...and how much you can make varies on daily basis.
Some times 10 and sometimes 100%.

What matters is your win to loose ratio of your set up.
If you have a set up (a system ) that gives you a good win to loose ratio, coupled with money managment, you can cut your loss and run your wins...

if you find an opportunity, and the set up looks good, then take advantage and make your 40%, 1000%...and that will cover you for the small loss you may be faced with. But you need to know if your strategy and set up gives you a greater win to loose ratio...and risk to reward ratio.

One can not set a goal and say 10% is enough ...because if you see an opportunity (via your set up), go for more % and put it in the bank for rainy day. Why stop @ 10%.

I hope I have kinda answered your question...just trying to be helpful.

It is a ood question.

May the pips be with you

Not possible.

Let's say that there are 250 trading days in a year, and that each day your able to increase your account by 10%. By the end of the year you'll have 1.10^250 = 2,229,314,237,000% of your original account balance. Join us back on Earth, dude--we miss you!

I seconds this, is it me or are the threads in this place just getting dumber?

Sure theoretically. In reality, if he looked for the 10% gains and then had to scale down his gains would it be possible to make "just" 100,000% or "just" 1,000,000%? There is certainly enough money in FX to handle a couple million bucks rolling around. As his account grows he would be using more of his money to trade.

Yes i think he is absolutly right .... Forex is a business in which we have to open our eye's with our mind all the time... We may find lot of chances in a day but can not enter in all....I normaly trades now a days in GBD/JPY & Euro/Jpy...
BUT only when im 100% confident and sure about +outcomes...So i dont hesitate to lock +30 Pips in that case but not on daily basis....

This is an easy one. 10% per day ? or even more, you think ?

If any one person, bank, or entity could pull this off with CONSISTENCY for even, say a few months,
I'm afraid there would be no market left to trade. All the money would be in one account.
An exaggeration ? Perhaps, but the fact is sustaining such a hyper level of profitable performance
for an extended period of time, long enough to amass the kind of wealth we're fantasizing about,
would certainly require something more advanced than some moving average system or
for that matter, any type of "system" most of us here would be familiar with or recognize as such.

It just wouldn't be human !

What about drawdowns? What of the human element ? Mistakes, anyone ?

If one considers the proposition of X% Daily, or more conventionaly X% per Month or per Quarter,
as many money managers in fact do, the long term (or atleast longer term) picture becomes much more clear.

With larger sums of money it is imperative that someone entrusted with the task of managing that type of wealth
do everything in his/her power to: 1) not lose money and 2) grow the money in a consistent and sustainable fashion.
That means less risk. Alot less risk.

With smaller sums of money (many of us here don't manage a multi-billion dollar hedge fund), especially if it's
your own money you're trading, one might open the door to a bit more risk in the formative stages in order to
build the account up to where more and more of the risk can be mitigated.

Take for example a $500 or $1,000 account. You really would need to pull a few moves early on and
catch a few breaks at the begining to build this up to a level where it could begin to produce a good monthly income.
When it's smaller, 1 or 2 percent per day doesn't look like much but it can add up quickly.
Throw in an occasional 10% day every once in a while and it can get really sweet. That's not to say
you can't make a few lucky trades and be a big wheel for a short while, including bragging rights,
but in the end is that type of performance sustainable ? and when the Money Management goes, the account goes too.

Now take the next example of a $10 million dollar cash account. Why would you even use leverage ?
1 or 2 percent per month would pay you over a million per year income. You'd want as little risk as possible.

So, when it's small you can pull all kinds of stunts and if your right or wrong,
it won't knock you out of the game for too long. Gather up another grubstake
and hit it again. Hit it 20 times if you like. 10% per day, 50% per day. Whatever.
If it fails, actually WHEN it fails, you're only a fistfull of dollars (or euros) away from the next hand.
Just try to learn something from the losses - mostly money management and how to effectively lose less when a loss occurs.

But when you're talking about a LARGE sum of money,
the rules of risk and return are written in a slightly different language.
Large is a relative term as well. I'm not big and I don't have an 8 figure account.
So I'm not in the group making a million/year at 1-2% per month.

I could however understand someone having a few hundred dollars and actually knew what they were doing
parlaying a small account into a much larger one. At the begining, looking for 10% pops in equity might be
common on many days. But when the money gets fat, the risk has gotta come off the table.

When an account contains a few hundred or a few thousand dollars: 5,000 10,000 even 25,000
the percentage gains "per-day" "per-week" whatever often take on added significance because 1 or 2% per day
or 5 - 10% per week SUSTAINED and CONSISTENTLY compounded can turn that few thousand into hundreds of thousands over time.
This is not a fantasy. It's a NUMBERS GAME.

Trade substantial 5 or 6 figures and you wont want any part of a strategy or method that boasts 10 percent of anything. Too much risk.
It's STILL a numbers game.

The really dumb ones seem to be from dopey noobs whose heads are filled with fantasies of becoming overnight Warren Buffets.

I can't belive all those noobies screamen "Ohhh ohhh I made blabla% one day!" "blabal with proper MM" "blabalablb" "ajdadjadja"
Hearing S**T like that makes my ears bleed! Seriously!
You all are going to fail soooooooooo bad in trading forex.
Let's see if you guys are around here 10 years in the futures.

I offer one Million Dollars to the one who shows me a live account statement with 10% daily profits over the course of a year. I'm dead serious. If you want proof that I have the Million Dollars you can have it.

10%/month is my dream ! i dont need any more !

..it's not good to limit ur income..eventho ur target is 100% a day..or 1%.2 cents

Hey, this is a Newbie thread, so people are here to ask newbie questions.

Please show some manners.

Maybe it would be better if you actually helped the guy and answered his question in a polite manner.