Quoting niceguy777DislikedI do it with Forex. It would be great to have someone like you speaking on my behalf!!!Ignored

How many pips is reasonable per day for a day trader 28 replies
Percentage vs. Pips per Trade vs. Pips per Day/Hour! 7 replies
Achievable Goals 27 replies
multiple systems per pair/multiple pairs per system? 3 replies
Trading 24 hours per day, 5 days per week 14 replies
Quoting trainrDislikedDo you make over 100k per day like Franz? If so, I'd be happy to recommend you.Ignored
Quoting niceguy777DislikedNo. I have a smaller account that I am building. I do about 60% ROI per month so I think anyone earning at that rate will get there fairly quickly! Are you interested in 60% ROI potential for yourself? In any event, it would be better to try my system out before recommending it....Ignored
Quoting mangalaDisliked60% a month is possible if you are a good experienced trader. Even a wannabe newbie like me has averaged 10% a month the last 3 months by using totally mechanical system that auto trade.
Niceguy,
Is your system posted anywhere?
If not, I would appreciate if you could explain the system you are trading to acheive this.
Thanks,
MangalaIgnored
Quoting niceguy777DislikedI was doing 60% after 3 months of live trading. I just discovered something very simple, and when I stick to it, I get about 95% positive trades. I like simple, and if it works, why try to fix it?
I'll PM you wth the details of my website.Ignored
Quoting niceguy777DislikedIt's a difficult concept to get over to people, because there seems to be an entrenched collective belief that good results are not possible until you've been doing it for years and you have some complicated or magic formula that only the initiated traders know about.
I was doing 60% after 3 months of live trading. I just discovered something very simple, and when I stick to it, I get about 95% positive trades. I like simple, and if it works, why try to fix it?
I'll PM you wth the details of my website.Ignored
Quoting mangalaDislikedI forgot to mention the system I used to acheive 10% a month return.
It is a grid based system that is risky and can make you triple digit returns in a month. I got this from another forum and is the property of it. In order to minimise the chance of risking of blowing up my account, I trade this with a low leverage of 0.3:1 and only during times where there is volatility and directional bias. I trade only one of the largest traded currency pairs at a time.
The system basicaly puts orders for every higher high and lower low, on a tick by tick basis, upto a certain number of orders. It closes all the orders when the profit reaches 1% of your account balance. It is a pretty stupid and simple system but it works for me and makes money. This system has the potential to blow your account unless you use very conservative money management
Cheers,
MangalaIgnored
Quoting tiagoDislikedwondering if "left brain trading" guy could provide proof of the claim of 60% a month????????
thats an awful large amount to make every month without having something to back it up, with all the scams and everything going around the internet....not saying this guy is a scam, but we've seen guys like this making big boasts and in the end they have no substance, and then its to late because a whole bunch of newbies just bought there book or trading program that was suppose to improve there trading so dramatically.....
dont mean to break the fellow canadians balls, but im just tired of the scams aimed at scamming the newbies money, come on left brain guy, even start with a demo account log at the very least if you dont want to show us your real account.......or make live calls here for the week..........tiago, cayman islands paramedicIgnored
Quoting fidel2414DislikedI agree with you Tiago. I would also like to see some logs of past performance. I too have bought into some trading programs exclaiming high returns, but turned out to be my mother's diary readings. Let it be clear that no one is accusing anyone of scamming, but personally for me, i would like to see some "hard facts" before buying your program. No offense to you leftbrain.
FidelIgnored
Quoting Blast234DislikedIt is easier to say than to make it real, when we want to put a profit target of 5% on daily basis. It is possible, I mean there's a chance to do that, but you have to realize that in order to make it happen, you have to trade with a high gearing. Let's just say, you will have to use 20:1 leverage or higher. That is way too risky man, in fact that is insanity (from my point of view).
There were times when the exchange rates for any pair of currency overshooted. The price moved to fast with a relative normal volume. If you were in the right direction, -well, you were so lucky because you would make a profit of 10% or maybe more in a trade. If you were in the wrong direction of the market, -BOOM- your account is dead.
I prefer setting a weekly or monthly target (with a realistic target and low gearing). It is not fun to lose money, especially when you lose all of the capital in your account. I don't like to lose. I put realistic profit target in my every trade.
I think we still remember when i.e EUR rally against USD about 200 pips on Friday, countinued with about 150 pips rally on Monday. If you used high gearing and your open position is against the price movement, your account was in jeopardy.
Please correct me if I'm wrong... your opinion will be appreciated
Trade wisely, man.... and stay realistic.... trading days are still long. If we can't win today, there's is another day to trade....Ignored
Quoting mangalaDislikedBlast,
How long have you traded?
If you use a stop loss that represents 5% or less, you cannot have your account blown like you explain, unless your trading system plain sucks.
Using a leverage of 20:1 does not constitute good money management. A leverage of more than 5:1 is considered risky.
Rather than leverage, you should be concerned about how much you should risk in a trade and what the risk to reward ratio should be.
Maximum a newbie must risk in a trade should be 2%. A pro will not risk more than 5% a trade. The risk is determined by the stop loss. Always use a stop loss unless you use Hedging with proper leverage.
Reward is determined by take profit limit.Ignored
Quoting merlinDislikedhave we answered this question yet? Is 5% per day achievable?Ignored
Quoting merlinDislikedhave you been able to string ten 5% days in a row yet?
im not being coy, i really am interested if anyone out there can do this x% per day thing. id love to see some evidence that it can be done because ive always thought it couldnt.Ignored
Quoting lonespruceDislikedHey Guys,
Before I go making any crazy claims - these results are DEMO ACCOUNT. I'm a university student with all kinds of debt, no money and no time for trading. But maybe I should make the time if I can trade like this. I will also tell you that this is the best run I have ever had - I have lost many thousands of demo-dollars over the years. This particular account started with $1000 in it so I selectively chose a block of time that made my results look better than they actually are. Also the account is in Canadian Dollars not USD in case you are wondering about the pip values.
You may notice the dates on these trades - it was during my exam period and christmas break last semester so I had nothing to do [studying would have been a good idea... but trading was more fun] but trade.
Anyhow - just thought I'd throw this into this thread to see what kind of reaction it got. Of course my real name etc has been removed from the client report.
lonespruce.Ignored