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

  • #81
  • May 24, 2012 2:19am May 24, 2012 2:19am
People who say this can't be done, that can't be done, are people who've tried and failed.
  • #82
  • Nov 9, 2012 10:51am Nov 9, 2012 10:51am
Quoting GDR3k
People who say this can't be done, that can't be done, are people who've tried and failed.
I agree!!! Jack Schwager talks about one of his interviewees who used to make 25% per month!!! Audited!

Check out this video
Inserted Video
  • #83
  • Nov 10, 2012 3:45am Nov 10, 2012 3:45am
10 % per month is peanuts... most traders at FF make 100% or more. They will deny it if asked. Would you tell the world that you can fly?
To be happy, be hidden.
  • #84
  • Nov 10, 2012 5:25pm Nov 10, 2012 5:25pm
Quoting Mingary
10 % per month is peanuts... most traders at FF make 100% or more. They will deny it if asked. Would you tell the world that you can fly?
To be happy, be hidden.
sad thing is... people will believe you
  • #85
  • Nov 11, 2012 1:41am Nov 11, 2012 1:41am
Quoting domino
sad thing is... people will believe you
I know...
Just having a bit of fun with that special quality in some people.
It's the enormous propensity for human beings to delude themselves.
  • #86
  • Nov 12, 2012 1:43am Nov 12, 2012 1:43am
Quoting akukaya
any opinion guys whether return of consistent 10% per month is good enough in Forex with start account of USD100.
10% per month give you 120% annually. That's quite good investment. I suppose the scruple are about 10% of $100, which kinda small number. But that is actually the question about the amount of the deposit. Wanna live off Forex - be ready to invest more money.
  • #87
  • Nov 12, 2012 2:07am Nov 12, 2012 2:07am
Quoting meng88
10% per month give you 120% annually. That's quite good investment. I suppose the scruple are about 10% of $100, which kinda small number. But that is actually the question about the amount of the deposit. Wanna live off Forex - be ready to invest more money.
10% a month is something like 214% compounded monthly
can you sure that with 100 bucks? sure gamble away ..

you want to make a living off it.. thats another story
  • #88
  • Nov 12, 2012 3:13am Nov 12, 2012 3:13am
Quoting domino
10% a month is something like 214% compounded monthly
can you sure that with 100 bucks? sure gamble away ..

you want to make a living off it.. thats another story
Oh gosh of course 214% )
The thread strarter asked about 'consistent 10% per month is good enough in Forex with start account of USD100.' That's why I wrote that thing about living off this money.
  • #89
  • Nov 24, 2012 6:06am Nov 24, 2012 6:06am
10% return is very good if the size of the account is big..for smaller ones its not that good.....
  • #90
  • Nov 24, 2012 9:08am Nov 24, 2012 9:08am
"While there are many ways to invest your money in currency, most people play safe by either investing small amounts or spreading their money very thin across the various currencies they are invested in. This makes for a very small return but practically no risk potential, since the bases are mostly covered so that if one currency depreciates, the other appreciates and the losses are minimal. However, clearly this will never make the forex trader a millionaire.

Life is short, and most forex trading millionaires made their money fast off the forex market. These individuals are generally highly leveraged, because they know that money makes money, and the more money they invest, the greater the risk and the greater the potential reward. Also, betting on unlikely currencies is risky and can have a huge potential upside."

Credit: Andrew Daigle

http://www.streetdirectory.com/trave...urn_ratio.html

I disagree with him in that the area where he said there is practically no risk potential. But I agree with his point that higher risks leads to higher rewards / potential bigger losses.

The percentage return isn't as important as you think. If you are consistently making profit from the market (which is what matters most), the amount you earn depends on your account size and trade position size. That is if you are very good at trading. However, one must always be prepared for the worst scenario as well, that is the possibility of drawdowns.
'For the market to work, it needs people who think that they can beat it.'
  • #91
  • Nov 24, 2012 6:15pm Nov 24, 2012 6:15pm
Quoting Ammeo
10% return is very good if the size of the account is big..for smaller ones its not that good.....
Why? I assume you mean because of slippage?
  • #92
  • Nov 30, 2012 4:26am Nov 30, 2012 4:26am
To me is good enough when i got 10% per every month. For me not too sure how consistent will this last? As trading involve psychology, greedy might make you lose focus. I think for sure there is a way and many good traders does it.
  • #93
  • Nov 30, 2012 7:41am Nov 30, 2012 7:41am
Because I hate to calculate all the times how much make 10% / month or 3% /day I made a little software for me.
Here is a screenshot:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2012.11.30 15.34.00.png Size: 119 KB


10 % is the account change ( per month )

Additional info: with 1:50 leverage you need 20 PIP to make it, and if you have 1000 usd in your account the trade size ( the first one ) should be 50000 units.

if you start at jan 1 2013 and want an account check at jan1 2014, than it is 12 month, so 12 step needed.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2012.11.30 15.34.18.png Size: 119 KB

That is 313.84% , so you should have 3138.40 usd from 1000 usd.

Not sure how you have calculated the 120% or 214% or any other number,but please re-calculate, until you get something around 313%

or + 213,84% (only gains)

You are using in the second month what you have earn't in the first month, isn't?
The forst month will give you 10% -> 1100 usd
but at seond month is 110 + 10% -> 1210 usd, which is a 121% of the initial 1000.
I want to buy PATIENCE
  • #94
  • Dec 3, 2012 2:05am Dec 3, 2012 2:05am
10% a month now thats something I would really really want to have, of course thats a good number. like imagine banks only giving you 2% max annually for any time deposit just sayin
  • #95
  • Dec 3, 2012 8:41am Dec 3, 2012 8:41am
I am a beginner and I would be more than happy to earn 10 percent per month. I've made a calculation and I realized that, if I invested $1000, earned 10% monthly and reinvested all my earnings, I would have $304481,6 after five years...and that is one great interest rate!
  • #96
  • Dec 3, 2012 8:41pm Dec 3, 2012 8:41pm
I think realistically if you're following proper money management 10% seems a bit on the high side. The norm is probably less than half that for consistent traders.
  • #97
  • Dec 3, 2012 9:37pm Dec 3, 2012 9:37pm
Quoting akukaya
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.
10% is more then a enough per month to live off. unless u trade a small account.
The best indicator is price.
  • #98
  • Dec 3, 2012 9:50pm Dec 3, 2012 9:50pm
Quoting scfx
10% is more then a enough per month to live off. unless u trade a small account.
To have your "salary" than you need 10x salary saved in your account.
But if you want to put at least the half back to increase the account, than needed at lease 20x salary,and it isn't calculated the August and the winter hollidays and negative monthly return, so maybe 30x at least? That starting to be a professional / institutional account...
I want to buy PATIENCE
  • #99
  • Dec 3, 2012 10:00pm Dec 3, 2012 10:00pm
Quoting matheszabi
To have your "salary" than you need 10x salary saved in your account.
But if you want to put at least the half back to increase the account, than needed at lease 20x salary,and it isn't calculated the August and the winter hollidays and negative monthly return, so maybe 30x at least? That starting to be a professional / institutional account...
if you have an account of 150K and make 10% on that a month i am sure it's enough after tax to live on. whether you can actually do it is another question... this is all hypothetical.
The best indicator is price.
  • #100
  • Dec 4, 2012 5:31am Dec 4, 2012 5:31am
One of the earlier contributors to this thread said he was aiming for 30% a month (as if 10% a month was not up to scratch)

No doubt both the original starter of this thread and the dreamer aiming for 30% a month are long gone, but, who knows, maybe they are still here however, much the wiser for wear?

The guy asking about 10% a month is no doubt still asking what went wrong, and the dreamer aiming for 30% a month... well, he's either a multi millionaire, or he's still a loser like the rest of us.
In the days of old when sailors were bold, and seldom if ever contented.
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