In FOREX, is 10% return per month good enough?

I have a friend who thinking that in forex market, since the risk is high, the return should be high too.

any opinion guys whether return of consistent 10% per month is good enough in Forex with start account of USD100.

Just would like to listen from experience traders here.

If you can reliably do 10% per month, then you'll be doing better than 99.9% of everyone else out there. So yes.

yet you have posted in the rookie section?

im aiming for around 30% a month if that helps

Yes, I posted this question in trading discussion, but admin remove it to Rookie section. I want feedback from experience or real traders.

10%+ is good enough IMO

Before you start worying about percentages, i suggest you first worry about finding a syste that works for you that you know will consistantly produce a profit over a given period.
Obviously if you have a million dollar account 10% per month would be more than enough to live off and provide you with all the toys you could imagine. However on a $100 dollar account your 10% will won't even pay for your internet connection.

You should first conider the goal:
will you be doing this for a living, supplementing your income, building your investment portflio for retirement etc.

Next, once you've found a system that suits your personality and works consistently producing repeatable trades, you'll be able to calculate how large an accont you need to meet your goals.

I place the above in the that order because if you go out looking for a system to fit the goals it wont' work because each system works differently for each individual based on their risk tollerance, emotional control, stamina, and a multitude of other personal charectaristics that make us all unique.

FIND A SYSTEM THAT WORKS FOR YOU..... then plan your future.

Good luck

Depends on your risk. When I started out, 200 pips would double my account.

Making 10% 20% 50% 1 brazillion% means nothing much really. In my experience, forex profits come in bursts. If you think you can treat forex income like bank interest, go find another investment vehicle.

with a longer term system, i look for an average of 4% a month or 50% per year. Have a realistic goal.

It is absurd to think you can average 10% a month. 10% a month compounded is about 175% a year. 6% a month compounded is a 100% yearly return. The best traders in the world don't post gains of 100%, year after year. Maybe shoot for something a little more realistic like 30-40%.

And like RR said, don't expect steady monthly returns. You may very well have a 10% month, followed by a -5% month, and then a break even month...

I've developed many systems. Most of the systems give very high return ~100% to 300% in short term but will face margin call at other market situation.

One of the reason I posted the question is becasue I think I found a consistent system now, but retrun is not as high as my previous system.
Good thing is from my forward test and back test, results seems very consistent.

Thank you for all the inputs given.

i'm ready to try your system

mas mas

here is a short list of what I believe after dedicated most of my hours of trading

when I first started as a newbie my goal was 1000% per year

after my first MC I reduced it to 400% per year

and now after getting all the clouds (mainly greed and regret) removed my goals are:

20 - 25% stocks of emerging market
20% physical gold
35 - 40% forex

and that number is yearly average and yes I use the same strategy for trading, no more moving average washa washi, no more support resistance, fibo, trendline (unless for explanation purpose) basically just ME, PRICES, and PATIENCE .... and of course the market makers, big boys, manipulators


oh and one more thing ..... 1:1 leverage is what you will love as a real trader

It depends, how may lot once he entered the market ? And what type of trader of him? Swing, daily ?

For most people this return is quite enough, but not for me

A consistent 10% monthly is surely good enough for me...

Just some calculation...

Account size $10,000
10% monthly = 120% annually
So a profit of $12,000 annually without compounding is nice for me..

It could go way much more if you compound it...

The question is will you be able to do it consistently with a bigger account size?

Right now your account size is $100...so a loss of 1-10% heck even a loss of 50% of your current account size might not really hurts you...but when you have a larger account size say $10,000 in my point of view, I can't afford to lose more than 25% of my balance...so that means I have to lower my risk...

Lowering my risk means lowering my lot size, tightening my stop loss...
And I would want a higher reward...preferably a risk reward ratio of 1:2

Btw...how many % are you risking to get 10% monthly..what is your risk reward ratio...

MM in Forex almost always involves compounded numbers. What starts off as 10% of 100.00 can easily increase to 10% of 1000, and so on and so on.

Why not break it down even further and have a target of 1% per trading day? This becomes roughly 5% per week, which translates to 20% per month.

A patient person with adequate knowledge and temperment can easily and consistantly hit these marks.

The good thing about Forex that it is extremely liquid market, unlike for example stocks. Whatever works on $100 account works on $1 000 000 account. The difference is only in size and if there is no fear of trading big size, there will be no difference.
I think 10% monthly is realistic depending on style, leverage and most important on patience to wait for the best set ups possible with the highest probability of winning.

Any positive percentage of return is good as long a it's consistent.

How financially rewarding it is depends entirely on your account size.

10% per month is good.

However it depends on your Starting Capital...

If it is only USD100, u mean USD10 per month...

Do not even waste your time then

Or sooner, you can start with a bigger capital...

If you actually consider the time spent to gain the skills to make 10% a month a waste of time then you are completely insane.

Does anyone really make 10% a month? I'm pretty new to this, but I thought averaging 10% a *year* was pretty good.

Are people really making those sorts of profits at Forex?