is it difficult to profit 5%~10%every month?

on the condition that my account is no more than 30k dollars.

no.

...is it difficult to lose 5% - 10% every month.....

no.

lets say you can get 500:1 leverage on 30k --- thats 15mio ...thats a little more than a sneeze in the fx markets.

the question shouldn't be "how much can i make?" ...the question is "how much can i lose?". Settle your risk management and your discipline/patient towards minimizing your draw downs....do that first and the profit will take care of itself.

As i read the forex factory and see pros posts it is not dufficult. Just learn from the best on this forum. In my opinion key is: money managament (for example 0,5-1% loss per trade) and following trend (for example daily).

Patrick

gicho

that was what i actually did last month.

in fact i just want to know what's the average profit rate of successful trader

who has been in forex market for quite a long time

is it difficult to profit 5%~10%every month?
at first, yes.
but once u have been doing this for awhile, it's achievable.
(at least) 2 factors i see to profit this much (& probably more):
1. Time (screen time/trading time)
2. consistency. once consistent, a trader steps up to a whole new level.


btw, profitability is subjective. there is no one answer to this.

In my opinion it is very possible to achieve 5-10%, difficulty level depends on your knowledge and experience of the market.

Actually, it's difficult to profit at all, as evidenced by the fact that the vast majority of 'traders' eventually lose.

IMO, the following posts should be compulsory reading:
http://www.forexfactory.com/showthre...57#post3170457
http://www.forexfactory.com/showthre...68#post2311668
http://www.forexfactory.com/showthre...799#post205799

You might also like to read this.

Sir hanover/David,
thanks for sharing your view & the links.

Ignore the bitter losers who make it seem impossible to profit at all. Yes its not going to happen overnight but if you stick at it, its fairly simple to profit. If you spend your days on here, posting theoretical crap about risk etc, then its no wonder you are a loser. Real traders will be watching the price and trading for profit.

Thanks for the link. Very informative. Will have to make the best out of it.

I don't disagree with you. It's very possible to be a consistent winner at forex. I need look no further than our local TA group, where two very clever gents are both making a handsome income from trading (although one trades predominantly CFDs). But it's definitely not easy, and such performance is not typical. For whatever it's worth, that is also their view.

This is the Rookie forum. It's widely documented that the vast majority of newcomers lose their shirts. Let's not forget that forex is a zero sum game, and that newcomers are up against experts with several years' experience, and funds and institutions who spend millions of dollars every year researching how to stay ahead. These guys aren't in business for the fun of it. They realize that markets are the product of belief systems that can change over time, and they can afford to employ top market analysts, math dons, and expert IT staff, to adapt their systems accordingly.

There are many posts here from folk whose cited returns are clearly unrealistic, or at least unsustainable. In an attempt to redress the balance, I chose 3 posts from contributors whose opinions I respect, and let them speak for themselves. One of these is a 30+ year trading veteran.

Much of the material that I post about risk is the result of reading books by the likes of Ryan Jones and Van Tharp. Some of their math-based stuff is highly theoretical, I agree.

No, unlike the pros who post here, I don't trade a huge account. Forex is merely a fascinating hobby for me, something to occupy some of my spare hours with. If that makes me a loser, well so be it. But I see it as a lifestyle choice. And I'm happy enough with the progress I've made, given the challenges that I've set myself.

If you're trading for a living, then I congratulate you. To reach that level requires intelligence, much dedication, and an ability to conquer inner demons. Well done.

once you have learned how not to lose (harder than it sounds) 5-10% profit per week might not be considered very aggressive. jmho.

No, it just requires finding a quirk in the system and exploiting it over and over.

Thanks Hanover.. very informative..

It's not easy for 99% of us. If it was, weren't we all millionaires...

But after many years' hard work, yes, it is possible to get in the top among those 1-5% and average between 5-10%.

Finn

For how long? Even a newbie can get luckky and make 5-10% for couple of months. If you mean for longer period of time, my answer is:

Even if you make 1% monthly, you'd have beaten 90% of the traders. So, that makes me guess that maybe 1% of traders can make 5 to 10% monthly. So, what do you think? If 99% cannot do it and only 1% can do it, wouldn't that mean that it's pretty darn hard thing to do?