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

  • #121
  • Jan 24, 2013 2:37am Jan 24, 2013 2:37am
Quoting bRobby
10% return a month is only good if you're trading at least 1,000,000 bucks LD
Pass the spliff on bro. You're hogging it.
Nothing worth having is easy.
  • #122
  • Jan 24, 2013 5:53am Jan 24, 2013 5:53am
Quoting Patience
Pass the spliff on bro. You're hogging it.
hahahahahaha woooooord. puff puff pass bro
Twitter: @forexpokerpro
  • #123
  • Jan 24, 2013 6:52am Jan 24, 2013 6:52am
Quoting bRobby
10% return a month is only good if you're trading at least 1,000,000 bucks LD
the profezionel get from 25,000,000 bucks. So they get afraid to lose , and 10% is hard, and they get 4% profits as good.
the retails have from 10 bucks. So they get greedy to make money, and 10% is easy and they lose accounts.
  • #124
  • Jan 24, 2013 9:06pm Jan 24, 2013 9:06pm
Quoting fx_money
the profezionel get from 25,000,000 bucks. So they get afraid to lose , and 10% is hard, and they get 4% profits as good.
the retails have from 10 bucks. So they get greedy to make money, and 10% is easy and they lose accounts.

Yes this is precise I think. Best thing is not to try to do anything. Drink coffee and relax then see what trades happens.
  • #125
  • Jan 10, 2014 12:21pm Jan 10, 2014 12:21pm
well, i have read many thread and forgive me if i sound sort of disappointing , but i simply can not help it !

i think what you expect from forex is essentially impossible ! simple as that !

you expect to gain some profit but let's take a look at this matter mathematically.

i am not talking about winning or losing 2 or 20 positions , i am talking about gaining and winning A continuing and constantly percentage of profit . let's say for example 10 % profit per month that is to say 200 % profit annually !

i am sure many of you guys expecting much more than that but to me even 10 % per month is impossible .

i calculated it all and if you are interested i can prove it to you by numbers and figures .

lets start with this , you have about 20 days trading days and you own 1000$ equity .

10 percent of 1000 $ is equal to 100 $ .

to gain 100$ by this equity you have to gain 1000 pips in 20 working days , right ?

well that is to say , you need to gain 50 pips every day continuously.

if you lose this 50 pips today you have to gain 100 pips tomorrow and so on.

well people, here is the question , honestly , how many traders do you know who can achieve such an amazing performance per month ? i know nobody with this kind of gift!

please don't start with me by telling about leverage things... cause i have a lot of ideas against that .

once again friends , please correct me if i am wrong , i look forward to it .
  • #126
  • Jan 10, 2014 2:12pm Jan 10, 2014 2:12pm
So let me say up front that I'm not going to supply statements, trade explorers, myfxbooks, systems, etc......Way too many trolls out here.

After making a decision to leave the corporate world of 25 years behind I started trading Forex Full time in Jan of last year. I grew an initial account from $30K to roughly $165K in one year. This is my full time job and I take it very seriously. I've since incorporated my trading business for tax purposes and have added additional funds to my account so I'm now trading with a $250K account.

I have weekly and annual goals that are very aggressive. Is 10%/month going to be continuously achievable for me? I don't know and am more concerned with hitting my dollar goals per month versus a percentage goal. Just wanted to let you know that you can make money doing this. Find something that works for you and consistently repeat it.

I see so many here that talk about taking a very small account and focusing on doubling or tripleing it in days or weeks. That's just crazy. Steady and consistent is the way to go in the Forex world. And while I don't want to get into any of the specifics of what I do I will advise to NOT follow the herd. Ther's many ways to skin a cat in this game.

Good Luck and just a heads up that I will not respond to any attacks or trolls or asking me how I trade.
  • #127
  • Jan 13, 2014 12:08pm Jan 13, 2014 12:08pm
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.
i think 10% per year is very good. it is my understandiong anythign above 20-25% per year consistent you are better than most of teh best fund managers in the world. 10% per month over many years is crazy and not realistic imho better off playing lottery.
  • #128
  • Jan 14, 2014 9:36am Jan 14, 2014 9:36am
well , how do you calculated that 10% gain per year is A big deal ?! i am wondering how come is this 10% is so amazing catch for you ? explain that please.
  • #129
  • Jan 15, 2014 7:40pm Jan 15, 2014 7:40pm
Personally i think 10% per month is quite enough if your target is not HUGE. And how long you can maintain the consistency of 10% is the key.
Let see the table below
Attached Image


With Capital just 1000USD, and consistently you increase your total amount by 10% per month, let say you continuous successful with this method after 2 years, you account size will increase by 900%, sounds great?
  • #130
  • Edited 3:52am Jan 17, 2014 3:42am | Edited 3:52am
well , thanks Mr.AG ,
let's put it this way ,we are not talking about what will happen if this 10 percent of profit monthly takes place , but we are talking about this idea that as we know for sure this 10 % require 50 pips of profit that repeats during 20 trading days of a month , and we are going to challenge if this would actually POSSIBLE or NOT , simple as that !
i think answering this simple question would change the way we are looking at the forex market .

if you do not know anyone who gain this 10 % continuously so tell me please how many percentage of profit do you expect to get as a minimum monthly in forex trading ?

let's examine this mathematically and logically , OK ?
  • #131
  • Jan 17, 2014 3:58am Jan 17, 2014 3:58am
Quoting Robin34
well , thanks Mr.AG , let's put it this way ,we are not talking about what will happen if this 10 percent of profit monthly takes place , but we are talking about this idea that as we know for sure this 10 % require 50 pips of profit that repeats during 20 trading days of a month , and we are going to challenge if this would actually POSSIBLE or NOT , simple as that ! i think answering this simple question would change the way we are looking at the forex market . if you do not know anyone who gain this 10 % continuously so tell me please how many...

Hello Robin34

Well as what i understand from his thread title "is 10% return per month good enough?", what he meant was the 10% good enough and not asking is it possible or not. Since he asked this question and i assumed he already got 10% per month, but he was wondering is that good enough or not in this forex market.

I ready dont understand how you classified it as 50pips pf profit and repeat for 20days and asking is it POSSIBLE or NOT.Sorry if i missed read the title.

Regards
Mr.AG
  • #132
  • Jan 18, 2014 7:15am Jan 18, 2014 7:15am
i calculated this 50 pips per day in this page , you can read it.
  • #133
  • Jan 19, 2014 5:06am Jan 19, 2014 5:06am
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.

In Germany you currently get around 0,5 % - 2 % interest on bank books /year.... just for comparison..

Hero calls followed by margin calls...
  • #134
  • Jan 19, 2014 5:27am Jan 19, 2014 5:27am
Quoting sgpbufet
{quote} i think 10% per year is very good. it is my understandiong anythign above 20-25% per year consistent you are better than most of teh best fund managers in the world. 10% per month over many years is crazy and not realistic imho better off playing lottery.
i agree.i dont know what others expect from forex 10% or 30 % per month but i could not expect/imagine more than 30% per year.
in my opinion 20 to 30 % per year is good enough in forex.
  • #135
  • Jan 19, 2014 11:38am Jan 19, 2014 11:38am
Quoting Razi89
{quote} i agree.i dont know what others expect from forex 10% or 30 % per month but i could not expect/imagine more than 30% per year. in my opinion 20 to 30 % per year is good enough in forex.
thank you Razi but i think if you consider 30 % per year , that would be wast of time .
try another job and you will gain more .

just ask yourself how much will be your equity if you earn 30 % constantly after 10 years.

guess what , i have calculated for you . with your formula , you will have your original equity *13 approximately after 10 years of trading forex.

NOW ,how do you feel about that ?
  • #136
  • Jan 21, 2014 4:07am Jan 21, 2014 4:07am
Quoting Razi89
{quote} i agree.i dont know what others expect from forex 10% or 30 % per month but i could not expect/imagine more than 30% per year. in my opinion 20 to 30 % per year is good enough in forex.
Yeah I also agree with your target. This is an investment and we need to be realistic specially on the return. Because we have to risk some % to get something. What if everything goes wrong by going for unrealistic targets.

I personally know some guys earning more than 10% return per month. But those are exceptional cases. It will take few years to reach that level.
  • #137
  • Jan 23, 2014 5:43pm Jan 23, 2014 5:43pm
Can we agree that it is possible to create a trading strategy. That wins 50% of the time, a risk/reward of 1:2, trading frequency of 1 trade per day, and we risk

2% of our capital per trade. On a $1000 account we risk 2%, with 10 winning trades making 4% per trade equals 40% profit minus 10 losing trade losing 2%

per trade equals -20% lost for a net of 20% profit.

What if our trade frequency is 3 trades per week. Then at 12 trades per month our profit is 12%.

here is a formula for you to work out other ideas

Monthly Profit = TF (PS x E)


TF = trade frequency 12
PS = position size 2%
E = expectancy .5

E = winning % times reward - losing % time risk
E = 50% x 2 - 50% x 1
E = 1 - .5
e = .5

there is some math for you. You do not need 50 pips per day more like 50 per week
  • #138
  • Jan 23, 2014 6:12pm Jan 23, 2014 6:12pm
hello, Robin34 you are wrong and so is your math.

with $1000 account to make 10% or $100.

with the above 50%/50% win/loss and 1:2 risk/reward, and risking 2% or $20

a trading strategy with 20 pip stop loss with a $20 risk each pip equals $1 or 1 mini position size

if the trade frequency is 3/week or 12 per month. 6 wins at $40 each equals $240 and 6 losers at -$20 each equals $120. net $240 -$120 = $120 per month

I challenge you to examine this mathematically and logically.

correct me if I am wrong
  • #139
  • Jan 23, 2014 10:09pm Jan 23, 2014 10:09pm
10% is a huge number, if your trading is continuous profitable. much bigger than investment in soem other area.
patience is a virtue
  • #140
  • Feb 2, 2014 3:18am Feb 2, 2014 3:18am
Quoting Robin34
{quote} thank you Razi but i think if you consider 30 % per year , that would be wast of time . try another job and you will gain more . just ask yourself how much will be your equity if you earn 30 % constantly after 10 years. guess what , i have calculated for you . with your formula , you will have your original equity *13 approximately after 10 years of trading forex. NOW ,how do you feel about that ?

thanks dear.
i am doing some research on forex when i got free time.however at time time i have 2 year experience and i am in net loss.
but i am trying to learn and understand market continuously.
i will reply your post soon with brief explanation about our expectation from forex.
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