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

  • #101
  • Dec 4, 2012 5:57am Dec 4, 2012 5:57am
Good point pt49!!! Even %10 per month is huge money...but 30% monthly...if this was that easy, I would quit my job this afternoon! But it's always good to aim higher...
  • #102
  • Edited 6:13am Dec 4, 2012 5:58am | Edited 6:13am
1.89 percent per month(approx) will work out to approx 25 percent per year.

the kiddies in this business like to focus on unrealistically large short term gains....

....when really they cant do a consistent two percent per month.....

wake up?

btw, i have the holy grail and i just turned about five percent today and i dont use no stinking stoploss...

cuz my game is arbitrage... something the kiddies can not get their heads wrapped around...

zero/.

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testing 1,2,3...
  • #103
  • Dec 4, 2012 7:10am Dec 4, 2012 7:10am
Quoting silverstar4x
btw, i have the holy grail and i just turned about five percent today and i dont use no stinking stoploss...

cuz my game is arbitrage... something the kiddies can not get their heads wrapped around...
... yeah right. Well I DO use a stoploss now, and I did better that 5% today... with open trades still on the table (with stoploss at BreakEven +1)
In the days of old when sailors were bold, and seldom if ever contented.
  • #104
  • Dec 12, 2012 4:40am Dec 12, 2012 4:40am
Quoting silverwhite1
i'm ready to try your system
count me in

I think 10% return is not bad at all. Remember that nearly 95% of traders are usually failures
FXPRIMUS Introducing Broker
  • #105
  • Dec 12, 2012 8:54pm Dec 12, 2012 8:54pm
whatever return that pays your rent or mortgage...that's a good return.

for me 5% pays my mortgage, so that is my goal every month at least.
NocturnalFX is no longer offering commercial services
  • #106
  • Dec 21, 2012 12:30pm Dec 21, 2012 12:30pm
I've made a 16% increase on my account since this tuesday and i'm only risking 1% of my bowl of candy. It's very doable, but as all good things it takes some time to learn how to play the game.
After all, what is Wall Street all about except tribal greed? -MP6140
  • #107
  • Dec 21, 2012 3:44pm Dec 21, 2012 3:44pm
Quoting Runqen
I've made a 16% increase on my account since this tuesday and i'm only risking 1% of my bowl of candy. It's very doable, but as all good things it takes some time to learn how to play the game.
You're full of piss n wind without a Trade Explorer.
In the days of old when sailors were bold, and seldom if ever contented.
  • #108
  • Dec 22, 2012 10:56am Dec 22, 2012 10:56am
Quoting Runqen
I've made a 16% increase on my account since this tuesday and i'm only risking 1% of my bowl of candy. It's very doable, but as all good things it takes some time to learn how to play the game.
Hi Rungen, I believe you. It's very doable. why? because I had done it too.
since this tuesday(4 days trade), I've made 100% increase from my deposit..
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  • #109
  • Jan 16, 2013 4:39am Jan 16, 2013 4:39am
I dont understand why some think 10 % is so hard to do? If u have a shitty system i can understand
Anything can happen in FOREX. There's no 100% sure
  • #110
  • Jan 16, 2013 6:39am Jan 16, 2013 6:39am
for small accounts its doable ....but once the lot sizes get bigger the old demons come back and you start trading like a noob once again.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #111
  • Jan 17, 2013 2:46am Jan 17, 2013 2:46am
Quoting pemully
for small accounts its doable ....but once the lot sizes get bigger the old demons come back and you start trading like a noob once again.
care to explain why, because I don't think I understand ?
Twitter: @forexpokerpro
  • #112
  • Jan 17, 2013 4:05am Jan 17, 2013 4:05am
Quoting BBPI_fxtrader
care to explain why, because I don't think I understand ?
If you are trading a $100 account and risk 2% per trade, you stand to lose $2
Or you may take excessive risk, who cares? It's only $100.
If you are trading a $100,000 account and risking 2% per trade, you stand to lose $2,000. The fear is totally different with a $100K account. You may find yourself failing to pull the trigger or closing your positions with a small profit because you are scared of a winning position reversing.
You may have a system that returns 60% winners at R:R 1:1, maybe with a 50pip SL and 50 pip SL
When you have a losing streak and lose 10% of your 100K account, fear makes you take profit at 10 pips instead of 50. Yes, that prevents some losers, but is totally different to your tried and tested method on a smaller account.
Because of your fear you are now no longer trading a system that returns 60% winners at R:R 1:1, maybe 80% winners at R:R 5:1
80% winners at R:R 5:1 will lose your money.
Please Do Not PM Me With Coding Enquiries
  • #113
  • Jan 17, 2013 5:35am Jan 17, 2013 5:35am
Quoting Gumrai
If you are trading a $100 account and risk 2% per trade, you stand to lose $2
Or you may take excessive risk, who cares? It's only $100.
If you are trading a $100,000 account and risking 2% per trade, you stand to lose $2,000. The fear is totally different with a $100K account. You may find yourself failing to pull the trigger or closing your positions with a small profit because you are scared of a winning position reversing.
You may have a system that returns 60% winners at R:R 1:1, maybe with a 50pip SL and 50 pip SL
When you have a losing...
you see, here is where you are wrong.

while the math you present is ok, the psychology aspect that you talk about is totally flawed. At least its fundamentals are flawed.

First off, you should trade your risk capital. That means money that is left over after you pay all your expenses, monthly nut etc AND savings.
Your trade capital should have ABSOLUTELY no influence on your lifestyle, and whether you have that money or not, it doesn't mean the slightest to you, it doesn't affect you IN ANY WAY.

the problem is, that most new traders don't use money that they don't need, they use money they THINK they don't need or THINK they afford to lose.
EMOTION sets in in trading when the money matters to you. Be it $100 or $100,000

if you lose 2k on a 100k account AND think of it as: i've could have bought x,y,z with that then you are doomed in this game
if you lose 2k on a 100k account BUT DON'T THINK of it as money, but just as a way to measure points, in this game, then you are a trader.

if you lose $2 on a $100 account AND think of it as: who cares, it's only $2, you are doomed in this game
if you lose $2 on a $100 account BUT DON"T THINK of it as only a measly $2, but x points, then you are a trader.

a PIP is a PIP. doesn't matter if your account is $100 or $100,000. A PIP IS A PIP

the value of a pip is the value of a pip and just that. not money you can buy houses, jets and bugattis with. It's a way to transform pips in real money.
If the value of a pip is so high that the money represents something to you, then you are clearly not trading money you can afford to lose, or the risk you take is too great and makes you feel uncomfortable.

PS: if you have a 100k trading account, you should have a wealth of more than >$1million. you really think 2k represents something to millionaires ?
Twitter: @forexpokerpro
  • #114
  • Jan 17, 2013 9:27am Jan 17, 2013 9:27am
10% is definitely do-able but it is not as easy as some of the claims above. First you have to find a good strategy and then you have to practice, practice, practice.... The reason why there are so many people writing in these forums is because trading is hard and even consistently making a small profit is beyond most people.

Back to the original question of "is 10% enough" - it obviously all depends on how big your account is and how much money you want to make. I would say that when you consider that even top hedgefunds often return only 10% per year (although some high risk ones can produce over 100%) if you made 10% per month every month for a year that is over 300% profit per year which is pretty outstanding. So in that sense 10% is more than good enough! In reality most forex traders would be happy if they could make 1% per month!
  • #115
  • Jan 17, 2013 10:04am Jan 17, 2013 10:04am
know the truth of retailers: how many successful above three consecutive quarters.
Profezional are not intended to look like a 10 percent every month throughout the year.
You be a star with 10 percent every month.
  • #116
  • Jan 20, 2013 7:50pm Jan 20, 2013 7:50pm
I have been trading for 3 years. 2.8 years of practice accounts. When I hit consistent daily profits for 9 months on practice account I went live. My goal is 0.5% increase in my balance per trading day. When I hit that, I walk away. I trade only on Monday PM-Thur midnight. So far I have averaged 1.89% per day. My daily results are negative roughly 20% of the time, however, my gains have been far greater than the losses.

This investment earns much more than traditional vehicles. I also have given myself a target balance at which point I will take 10% a month out as a "paycheck". The risk is high, but if momentum can be maintained the account grows substantially in 3 or 4 years. after a few months, I will have earned back my initial investment - so the potential losses are more or less free money. I am not depending on this to support my family - this is part time.

Stay focused, have a realistic daily goal, accept the losses, keep your head down and plug along. Working for me so far.
  • #117
  • Jan 21, 2013 2:04am Jan 21, 2013 2:04am
10% per month translates to 120% per annum, assuming you're not compounding your returns.
The total annual return for S&P500 was 16% in 2012.
At 10% mo means we beat the S&P500 market by 10x times. So... That makes you a super trader.

Point being, if you're investing like $1000, you won't be getting anything that replaces your paycheck anytime soon. But if you start off with $10000, then, wow.
  • #118
  • Jan 21, 2013 8:00pm Jan 21, 2013 8:00pm
Quoting dmack7325
I have been trading for 3 years. 2.8 years of practice accounts. When I hit consistent daily profits for 9 months on practice account I went live. My goal is 0.5% increase in my balance per trading day. When I hit that, I walk away. I trade only on Monday PM-Thur midnight. So far I have averaged 1.89% per day. My daily results are negative roughly 20% of the time, however, my gains have been far greater than the losses.

This investment earns much more than traditional vehicles. I also have given myself a target balance at...
If you are going to BS, try to be consistant

If you walk away after making 0.5% profit per day, how can you manage to average 1.89% per day?
Your average will obviously be 0.5% daily or less
Please Do Not PM Me With Coding Enquiries
  • #119
  • Jan 23, 2013 11:48am Jan 23, 2013 11:48am
10% return a month is only good if you're trading at least 1,000,000 bucks LD
  • #120
  • Jan 24, 2013 1:30am Jan 24, 2013 1:30am
Quoting bRobby
10% return a month is only good if you're trading at least 1,000,000 bucks LD
it's also good if you're trading a 1k account. ROI is ROI
Twitter: @forexpokerpro
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