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Annual returns in Forex ?

  • #1
  • First Post: Jun 26, 2008 5:22am Jun 26, 2008 5:22am
Dear all,

I know this is a very general question, and that everyone has different objectives but I would like to get an idea on what is a REALISTIC (consistant) objective while trading forex on the long term.
Note that I'm not talking about full time trading.

I'm trading forex for about a year and I set my goal to 50% per year. I'm mostly trading on daily chart and spend about 20 min per day for trading.

What are your annual return objectives ?
  • #2
  • Edited 4:17pm Jun 26, 2008 4:09pm | Edited 4:17pm
i have been a full time day and swing trader. asking about realistic profit that can be made per annum depends on individual performance. asking about consistent profit dat is realisabu canot be a general question cos not all traders come out with profit, d statistics reads dat 90-95% day traders crash out on the long run besides the same target cannot be met by different people cos dey have different teknical know how, have different qualities and approach as far as dis biz is concerned.
personally i make minimum of 15-20% monthly and dat has been consistent for me. its dificult for me loosing money and it is also dificult for me making huge profit of say 50-100% in a month cos i have a very strict account management principle i adhere to.my teknical/fundamental know how, tactful and disciplinary steps has always made me survive all d hurdles of day trading.
i'm sorry if i have to trade forex because of 50% per annum as u said den i tink i will not be foolish to seek for another job.



huuu, enjoy the pipping.
know thy edge and abide by it ! 4 in it shall thou be successful !
  • #3
  • Jun 26, 2008 4:55pm Jun 26, 2008 4:55pm
i don't have an objective

the market is going to give whatever it gives, regardless of my entries and exits.

my strategy might make 50% one year, then 1000% the next, then lose 20% the next. even if you know your rules, you can't guage performance.... that's the nature of this business.

it is a lot like the real estate market. some years you make a killing by just buying and holding a few months.... other years (like this one) the same strategy would put you in the red.
  • #4
  • Jun 27, 2008 11:15am Jun 27, 2008 11:15am
Quoting tdion
i don't have an objective

the market is going to give whatever it gives, regardless of my entries and exits.

fine i agree with dis

my strategy might make 50% one year, then 1000% the next, then lose 20% the next. even if you know your rules, you can't guage performance.... that's the nature of this business.

performance can be gauged. u cannot compare a 1 month new trader to a 2 year old trader. dey cant have d same performance.

it is a lot like the real estate market. some years you make a killing by just buying and holding a few months.... other years (like this one) the same strategy would put you in the red.
huu den do u mean dat dis is a gambling biz ? u culd always still end up winnin on a long run if u do identify wot u ar suposed to do at d right time
know thy edge and abide by it ! 4 in it shall thou be successful !
  • #5
  • Jun 27, 2008 11:46am Jun 27, 2008 11:46am
Quoting robertsonakp
huu den do u mean dat dis is a gambling biz ? u culd always still end up winnin on a long run if u do identify wot u ar suposed to do at d right time
I'm trying to figure out if this is:

1) Some kind of new language that I've missed?

2) Baby talk?

3) Text messages posted from a mobile?

4) Jamaican?

somebody help.
Polishing my crystal ball
  • #6
  • Jun 27, 2008 1:22pm Jun 27, 2008 1:22pm
Quoting 30XTCi
I'm trying to figure out if this is:

1) Some kind of new language that I've missed?

2) Baby talk?

3) Text messages posted from a mobile?

4) Jamaican?

somebody help.
2)
  • #7
  • Jun 27, 2008 2:16pm Jun 27, 2008 2:16pm
I dunno, mayb 3 or 4
100 pips a day, keeps the doctor away
  • #8
  • Jun 27, 2008 2:54pm Jun 27, 2008 2:54pm
I love this question. Many traders start trading looking for 50% per year however almost NO ONE ever achieves that long term. Most successful long term Forex traders average less than 20% a year.

Most people who can attain these gargantuant returns it's very short term less than a year or two mostly. If they don't know when to realize their strategy is no longer working they will bust their account.

Can returns of 30% or more be done. I think so. Consistently? I would so no. Look up Managed accounts and look at their returns for more than 3 years. First you will notice most are less than 3 years old. Just something to keep in mind.

BTW. Warren Buffet become the second richest man in the world acheiving 20 to 30 percent returns compounded. So even 15% a year in forex compounded ends up being a boatload of money.

Jackie
  • #9
  • Jun 27, 2008 2:56pm Jun 27, 2008 2:56pm
I was wondering the same thing. I Started to read the post then gave up...
  • #10
  • Jun 28, 2008 2:50pm Jun 28, 2008 2:50pm
Quoting tdion
the market is going to give whatever it gives, regardless of my entries and exits.

my strategy might make 50% one year, then 1000% the next, then lose 20% the next. even if you know your rules, you can't guage performance.... that's the nature of this business.
Exactly. It is a huge crowd of people acting in accordance with the imperfect laws of mass psychology. Physics and mathematics can help, but trading decisions must take psychology into account.
  • #11
  • Last Post: Jun 28, 2008 5:34pm Jun 28, 2008 5:34pm
The market reveals who we really are...
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