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20% per month. Is this possible?

  • #161
  • Nov 30, 2011 2:10am Nov 30, 2011 2:10am
Quoting Du Jin Shan
a nice shot MAC.

why suddenly you rise your risk to 1% MAC ?
are because you are so sure about your analysis ?
how can you so sure about your analysis today ?
I have different levels of risk for different set ups. This is my best set up, a breakout, because a fast large move is anticipated. It is completely different to my main trading which trades bounces from precise levels. The breakout is less precise and has a habit of retracing first. I use a larger stop of 10 pips to accommodate this. I am targeting a 30 pip breakout move. It is the trade I am waiting for and warrants 1% risk.
BTC Return This Year: na
  • #162
  • Nov 30, 2011 2:44am Nov 30, 2011 2:44am
Quoting M.A.C.Doug
I have different levels of risk for different set ups. This is my best set up, a breakout, because a fast large move is anticipated. It is completely different to my main trading which trades bounces from precise levels. The breakout is less precise and has a habit of retracing first. I use a larger stop of 10 pips to accommodate this. I am targeting a 30 pip breakout move. It is the trade I am waiting for and warrants 1% risk.
Thanks for your reply MAC.


Wish you all the best

Best regards
Jin Shan
- 888 Horse Power - Fast Momentum Speed Run Towards VICTORY
  • #163
  • Nov 30, 2011 6:04am Nov 30, 2011 6:04am
Quoting M.A.C.Doug
somedays, like today, I get 6% from a single move with only 1% account risk. Its my first and only trade this week, its only Tuesday and I already have a better than 1% per day average for the week. Pretty cool huh?
you gotta love deals like that... the good ones always taste so sweet.
  • #164
  • Dec 2, 2011 2:00pm Dec 2, 2011 2:00pm
I know that what I am about to say will probably have everyone saying that I am crazy and will crash and burn soon. Well, I believe in my system so much that I trade 15% of my capital, yes that is not a typo and it's not 1.5 it says fifteen percent and go for only 11 pips trading the h1 TF in combination with the h4 and daily TF with no stop loss. My style of trading is countertrading tops and bottoms based on the TF's mentioned and go for it. I started trading this manual system with OANDA (not the MT4) for the past 2 weeks and have made 24% so far. After observing this for months. I have made over 20+ trades all winners and I don't plan on losing any trades. How you may ask, with patience, discipline, confidence, timing, displaying no emotions, not getting greedy, waiting for the special setup, and lasty market order and wait to collect. There has been times that my entry is so perfect in timing and I have become so good at this, I will place an order twice (yes twice) and get my pips in less than a minute. This really is not scalping, as I do not go for anything less than 11 pips. Like I said it's all about the patience, setup, and timing. To those who think that I am going to crash and burn, sorry but not this trader. Anyway I wish good luck to all here at FF and may the pips be with you. Happy trading.

Riki
  • #165
  • Dec 3, 2011 12:33am Dec 3, 2011 12:33am
can you please share the zigzag indicator you are using.. i see it higlights the swings by colors. interesting to know which swings to connect...

thx
Quoting Dredding82
I always risk a max of 5% at any given time with all open positions unless it is a "risk free trade". Here is a AudUsd M15 trade i took earlier where it was the only trade i had open so i risked 1% of my account and now have made 5% with 1% locked in....so now it is a "risk free trade" and i can just take gains off it as i please.
  • #166
  • Dec 3, 2011 7:05am Dec 3, 2011 7:05am
This will depend on your trading style, money management, and the frequency of your trades. But this is very well possible. My ultimate goal is to make a consistent 10% per month and I will be very happy with that.

PP
  • #167
  • Dec 4, 2011 8:22am Dec 4, 2011 8:22am
I think it is, but you'll probably need to trade intraday and trade fairly often. It'll be a full time job.

Good luck!
  • #168
  • Dec 4, 2011 9:54am Dec 4, 2011 9:54am
Anything is possible in Forex market. If you take high leverage then you can double your account in a month but there is chance to blow up your whole account too. Most important thing in forex market is RISK MANAGEMENT. It depends on your trading system. Another thing is this that, fixing a target is not a smart discussion in forex market. Because if you fix a target, then there will be in a psychological pressure that you have to fulfill the target. So, my suggestion is to forget about how much % you can earn in a month and focus how you can minimize your risk and maximize your profit.
  • #169
  • Dec 4, 2011 4:52pm Dec 4, 2011 4:52pm
Quoting CoolJL
I think it is, but you'll probably need to trade intraday and trade fairly often. It'll be a full time job.

Good luck!
A ridiculous statement, however as the content is your OPINION only, I guess it is valid in your own mind

If the chart needs more explanation please ask, otherwise, do the math yourself.
Attached Image (click to enlarge)
Click to Enlarge Name: ridiculous.png Size: 18 KB
It takes a lot for me to IGNORE you, but you can try.
  • #170
  • Dec 5, 2011 8:21am Dec 5, 2011 8:21am
Quoting Erebus
A ridiculous statement, however as the content is your OPINION only, I guess it is valid in your own mind

If the chart needs more explanation please ask, otherwise, do the math yourself.

lol.. you are right. Actually he is trying to show us that how big trader he is that he gained 1.2k just in 1 trade... lol
But this can be a demo account too, and also doesn't have all history of trades.. So this is worthless
  • #171
  • Dec 8, 2011 8:13pm Dec 8, 2011 8:13pm
I just finished reading this entire thread. Anybody that says 20% per month isn't possible is just bad at currency trading. You've got to remember that the majority of ppl have no idea what they are doing even if they say they do. The only thing fueling their opinions is personal experience which in most cases was devastating more times than not, so don't listen to negativity(with no critics you'll likely have no success) It should be all about a solid system and complete control over emotions, most ppl see one of their currency pairs drop even a few hundred dollars and they sell, turning unrealized loss into REALIZED loss. You need to be able to watch a pair drop $7000 and not even flinch because you know your system is solid and you trust it to bring that pair back into the black. I guess bottom line, this game takes balls.
  • #172
  • Dec 8, 2011 10:01pm Dec 8, 2011 10:01pm
I mean, It's not regulated and no one really ever talks about it in the main stream media.

I don't see how 70% of trades or investors lose.

Also why do Forex brokers leverage your money 50 times. How can they afford that? What if too many traders are profitable, doesn't that hurt the business in the long run?

Do brokers cheat their investors?
  • #173
  • Dec 9, 2011 1:33am Dec 9, 2011 1:33am
Quoting th3Mountain
I just finished reading this entire thread. Anybody that says 20% per month isn't possible is just bad at currency trading. You've got to remember that the majority of ppl have no idea what they are doing even if they say they do. The only thing fueling their opinions is personal experience which in most cases was devastating more times than not, so don't listen to negativity(with no critics you'll likely have no success) It should be all about a solid system and complete control over emotions, most ppl see one of their currency pairs drop even...
Nice first post
  • #174
  • Dec 9, 2011 1:50am Dec 9, 2011 1:50am
Quoting JTattheRanch
I mean, It's not regulated and no one really ever talks about it in the main stream media.

I don't see how 70% of trades or investors lose.

Also why do Forex brokers leverage your money 50 times. How can they afford that? What if too many traders are profitable, doesn't that hurt the business in the long run?

Do brokers cheat their investors?

I've heard plenty of different statistics based around the amount of traders who loose, but as you know, people can manipulate statistics to say what they want.
I could state that i want to be a trader, have a go for a day and realise its not as easy as i thought, so i dont continue, i am now 1 of those 70%. Just like a few of my friends did when i told them i am starting.
Those who try and continue to try will reach it in the end.

There is another statistic of course, which says 90% of statistics are made up

Im not 100% on the next part so correct me if im wrong, but my impression is that the majority of brokers make their guarenteed profits by the spread of the currency, as these brokers can be almost perfect substitutes to each other, they need to offer some dramatical services which make them stand out from the crowd. In reality i think there will only be a small portion of professional traders who use strict money management techniques, that will use the actuall 50 x leverage.
  • #175
  • Dec 9, 2011 12:25pm Dec 9, 2011 12:25pm
Quoting th3Mountain
I just finished reading this entire thread. Anybody that says 20% per month isn't possible is just bad at currency trading. You've got to remember that the majority of ppl have no idea what they are doing even if they say they do. The only thing fueling their opinions is personal experience which in most cases was devastating more times than not, so don't listen to negativity(with no critics you'll likely have no success) It should be all about a solid system and complete control over emotions, most ppl see one of their currency pairs drop even...
guaranteed margin call....there are old and bold traders but no old bold traders.fear your losses will grow bigger and hoping your profits will grow bigger is the firs stage to mastering the paradox of trading.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #176
  • Edited 3:21pm Dec 9, 2011 2:59pm | Edited 3:21pm
Quoting Erebus
A ridiculous statement, however as the content is your OPINION only, I guess it is valid in your own mind

If the chart needs more explanation please ask, otherwise, do the math yourself.
Sorry to hear that you don't agree but there is no reason to say its ridiculous, when I specifically said "probably". You can look for a big trades less often or small trades more often... doesn't really matter does it? However having a series of bad trades, which we know all traders get into, while trading intraday may last for few days where as doing longer periods may last weeks.

Lets not do the maths, but if trading is your only source of income then I wonder what is better for your confindence and psyche: having no income for few weeks in a row vs just few days or so ...
  • #177
  • Dec 9, 2011 5:49pm Dec 9, 2011 5:49pm
Quoting pemully
guaranteed margin call....there are old and bold traders but no old bold traders.fear your losses will grow bigger and hoping your profits will grow bigger is the firs stage to mastering the paradox of trading.
I don't think fear has any place in market trading. Fear is an emotion and the second you let emotions start calling the shots you might as well clear your forex account out and write a check to the Red Cross, at least it will do some good there, or just go buy your wife something shiny
  • #178
  • Dec 10, 2011 4:14am Dec 10, 2011 4:14am
The way I trade, If I could only manage to add 20% to my account each month I'd consider that a bad month. To others, it would be their best month, everyone trades different, plus it depends on your volume of trading aswell, I make on average 1 or 2 trades a day if the conditions are right.
  • #179
  • Dec 10, 2011 8:22am Dec 10, 2011 8:22am
Quoting pemully
guaranteed margin call....there are old and bold traders but no old bold traders.fear your losses will grow bigger and hoping your profits will grow bigger is the firs stage to mastering the paradox of trading.
http://media.dailyfx.com/illustratio...trade_pips.png


According to FXCM the losers just lose more than they make.

All this while be right over 50% of the time.......

http://media.dailyfx.com/illustratio...profitable.png

According to FXCM, FX trading is more popular than ever. BUT... the number of traders leaving FX represent the same number coming in to try it... so there is no real growth?

What are we doing?

IMHO, too many approach it as a "get rich quick" scheme. Shooting for 20% a month with 300:1 leverage or higher is easily doable. With 50:1 leverage it's fools gold. You may pull it off for awhile but one day you will get caught with your pants down and lose it all.

Back as early as the 1990's a 20% return per YEAR was considered very good... You must remember GREED is what has killed off those before you.
  • #180
  • Dec 10, 2011 8:47am Dec 10, 2011 8:47am
ur right greed is the one thing that kills ur account, and for the person who made this thread, "20% per month Is this possible" yes it is, u cud make 20% a week if u like, it all depends on ur risk appetite, plus ur trading style has to be 80% accurate, me personally i like the higher time frame, if u use lower time frame u cud make 16 to 20 pips a trade, lest say u make 6 trades a day, 2 loss and 4 winners, u'll end up with more than 20% a week,
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