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Asking: Is there a strategy with low return (5-10% monthly)

  • #21
  • Jan 3, 2015 1:00pm Jan 3, 2015 1:00pm
Quoting ronald_fsm
Dear Trader everywhere. I'm looking for forex strategy using any TF and any pairs with low return ( maybe 5 - 10 % monthly) but with low risk . Could you please tell me the strategy or the link where i could learn those strategy? Thanks and best regards
http://www.myfxbook.com/members/FX_H...er-real/694954
All posts are my personal opinion
  • #22
  • Jan 3, 2015 1:36pm Jan 3, 2015 1:36pm
Quoting Rtm
{quote} http://www.myfxbook.com/members/FX_H...er-real/694954
If that's your account, where do I sign up? :-)
  • #23
  • Jan 3, 2015 5:29pm Jan 3, 2015 5:29pm
Quoting ronald_fsm
{quote} Thanks for your reply. is that need a big money to achieve that target ?
It is possible to start with little capital and make a fortune, It will not happen often but is possible.
The trading I did if I had a loss my bank roll could carry it.
But if you trade the normal way you would have good money management with a good win loss ratio
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #24
  • Jan 3, 2015 8:19pm Jan 3, 2015 8:19pm
Quoting ronald_fsm
Dear Trader everywhere. I'm looking for forex strategy using any TF and any pairs with low return ( maybe 5 - 10 % monthly) but with low risk . Could you please tell me the strategy or the link where i could learn those strategy? Thanks and best regards
You think 5% per month is a low return?

A low return is 5% per year.

Cheers,
Fxturtle
Fear prevent possibilities, and so does Greed
  • #25
  • Jan 4, 2015 8:24am Jan 4, 2015 8:24am
Quoting xtrader101
{quote} You think 5% per month is a low return? A low return is 5% per year. Cheers, Fxturtle
if low return according to you is 5% /year . I don't need trading. just put money on the bank you will get 5% /year. Anyway how much return do you get monthly?
thanks
  • #26
  • Jan 4, 2015 8:26am Jan 4, 2015 8:26am
Quoting Rtm
{quote} http://www.myfxbook.com/members/FX_H...er-real/694954
could you tell me your strategy? ( maybe by PM if you feel uncomfortable posting here)
  • #27
  • Jan 4, 2015 8:28am Jan 4, 2015 8:28am
Quoting billytt
{quote} It is possible to start with little capital and make a fortune, It will not happen often but is possible. The trading I did if I had a loss my bank roll could carry it. But if you trade the normal way you would have good money management with a good win loss ratio
Thanks billy for your reply .if you don't mind could you tell me how is the strategy i'm looking for. (Or maybe the link i could learn that strategy) . thanks and best regards
  • #28
  • Edited 6:48pm Jan 4, 2015 8:48am | Edited 6:48pm
Quoting ronald_fsm
Dear Trader everywhere. I'm looking for forex strategy using any TF and any pairs with low return ( maybe 5 - 10 % monthly) but with low risk . Could you please tell me the strategy or the link where i could learn those strategy? Thanks and best regards
if you ve been trading or watching the markets since 2009 you should already have a fair idea (to be honest)

now seeing as a low risk return strategy wont make much any time soon,
(and no-one flame me for this statement as the stats prove it)

lets flip this around and instead risk 10% with a 1k starting pot
(although probably best if the trader has more savings so its not really 10% it might only equate to 2 or 5% with the traders other income or savings)

anyways if you took only 1 trade per wk with a TP of approx 200pips a wk on average
(and these trades do obviously exist)

say one trade per month loses and the other 3wks win
this is still approx 400pips a month and with my bad maths is approx a 26% return at 10% risk
(0.66pp with a 150p SL)

400 pips a month x0.66=264
and after only 4 yrs = 76million (see table below)

but can also reduce the risk after say the end of the 2nd yr or after 100k for a projected return of only 12%
(also see table below)

is this not better than a death of a thousand cuts (i think so)
and also less work than scalping all day and wk

this would probably only work well with a decent high(ish) probability trading strategy or strategy's,
the trades are out there, just don't ask me where
Attached File(s)
File Type: xls FxKeys-$1000-Forex-Plan (26%).xls   17 KB | 924 downloads
File Type: xls FxKeys-$100,000-Forex-Plan (12%).xls   17 KB | 818 downloads
  • #29
  • Jan 4, 2015 9:11am Jan 4, 2015 9:11am
Quoting ronald_fsm
{quote} if low return according to you is 5% /year . I don't need trading. just put money on the bank you will get 5% /year. Anyway how much return do you get monthly? thanks
Exactly my point. If you honestly think and believed that 60 to 120 percent per year is a low return and want to achieve it with low risk then I truly believed you are in some dreamland. It looks like reality has not sink in yet.Cheers
Fear prevent possibilities, and so does Greed
  • #30
  • Jan 4, 2015 3:37pm Jan 4, 2015 3:37pm
Quoting ronald_fsm
{quote} Thanks billy for your reply .if you don't mind could you tell me how is the strategy i'm looking for. (Or maybe the link i could learn that strategy) . thanks and best regards
Hi, It is hard to explain. You have to have a method and be comfortable with it. If you are starting up you need all the old clichés running as in money management, risk reward be level headed.
I traded inside/outside bars daily, open range breakout and levels (and oil) and used average daily range and compounded. ALSO I had lots of stats to help me.
You need to start simple with for instance daily breakout on a decent pair like e/j - g/u you will achieve 5% quite easily and that is weekly. averaged...... Be good.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31
  • Jan 5, 2015 9:30pm Jan 5, 2015 9:30pm
Quoting billytt
{quote} Hi, It is hard to explain. You have to have a method and be comfortable with it. If you are starting up you need all the old clichés running as in money management, risk reward be level headed. I traded inside/outside bars daily, open range breakout and levels (and oil) and used average daily range and compounded. ALSO I had lots of stats to help me. You need to start simple with for instance daily breakout on a decent pair like e/j - g/u you will achieve 5% quite easily and that is weekly. averaged...... Be good.
Thanks billy for your reply . i sent a pm to you . thanks alot
  • #32
  • Jan 8, 2015 1:58pm Jan 8, 2015 1:58pm
Hi guys
I am a newbie and I am thinking of opening a forex account with $100 however I don't know which account would be best (micro or mini) also which broker would you guys suggest I go with. I could also do with a strategy / technique to help me grow my funds slowly without risking too much.
I really hope to get some response from you guys. Thanks in advance
  • #33
  • Jan 8, 2015 4:46pm Jan 8, 2015 4:46pm
Quoting mindonfx
Hi guys I am a newbie and I am thinking of opening a forex account with $100 however I don't know which account would be best (micro or mini) also which broker would you guys suggest I go with. I could also do with a strategy / technique to help me grow my funds slowly without risking too much. I really hope to get some response from you guys. Thanks in advance
In my humble opinion, you should keep your $100, as you are not ready to invest it. First select your strategy / technique, then select a broker. Don't invest any real money until you have tested your strategy in a demo account for at least 3 months. Keep in mind that due to factors such as slippage, the profitability of a live account might not be as good as it is in a demo account, but if you can't earn a return on fake money, you certainly can't on real money. If you are happy with the results after three months of trading in a demo account, you should only invest a small amount of real money. After another few months of success with a small amount of money, you will be ready to invest more. If you don't follow these steps in this order, you are gambling, not investing.

Post your question about brokers here:
http://www.forexfactory.com/forumdisplay.php?f=74

Post your question about strategies / techniques here:
http://www.forexfactory.com/forumdisplay.php?f=71
  • #34
  • Jan 9, 2015 12:51am Jan 9, 2015 12:51am
Quoting deklin
{quote} In my humble opinion, you should keep your $100, as you are not ready to invest it. First select your strategy / technique, then select a broker. Don't invest any real money until you have tested your strategy in a demo account for at least 3 months. Keep in mind that due to factors such as slippage, the profitability of a live account might not be as good as it is in a demo account, but if you can't earn a return on fake money, you certainly can't on real money. If you are happy with the results after three months of trading in a demo account,...

Thanks for replying. I have already opened a demo account but what I need to know now is a strategy that I could use, I need someone to advise me on the best strategy for newbies like myself . Also what indicators would you advise me to use (RSI, hammers etc) when trying to identify a trend. I believe there are lots of experienced traders here and I also believe that at one point or the other these experienced traders were also newbies , so I would really appreciate if you guys could offer your advise to someone aspiring to be like the rest of you. Thanks in advance
  • #35
  • Jan 9, 2015 3:47am Jan 9, 2015 3:47am
Just my 2 cents, study what the big players are doing instead of what an indicator will display, keep in mind most indicators lag. As a retail trader, you are already at a handicap, why make life more difficult. This is why a majority a retail traders fail at this game, is they want a clear buy and sell signals. Trading is about learning market psychology and that most retail traders are consistent at being unconsistent based on they are looking for a simle rules in trading.

Trade what you see by looking at daily charts as you will see what is really moving the market and go with the flow. Once you understand order flow than you develop a method and trade with that. Take it from someone that took 9 years to understand from trading and developing hundres of systems. 3 things that come in trading:
1. Techniical Analysis (Hint: big boys use trend lines and not much else).
2. Fundmental Analysis (why trade opposite the news reports, once a report is released wait for the dust to settle than plan your trade and work your plan, the advantage of trading dailies is you know full well if the big boys like the news or not).
3. Sentiment (go in the same direction of buyers and sellers, your port will thank you).

Good Luck
  • #36
  • Jan 9, 2015 12:31pm Jan 9, 2015 12:31pm
Quoting Crnstone316
Just my 2 cents, study what the big players are doing instead of what an indicator will display, keep in mind most indicators lag. As a retail trader, you are already at a handicap, why make life more difficult. This is why a majority a retail traders fail at this game, is they want a clear buy and sell signals. Trading is about learning market psychology and that most retail traders are consistent at being unconsistent based on they are looking for a simle rules in trading. Trade what you see by looking at daily charts as you will see what is really...
Thanks for your response , When you say "study what the big players are doing instead of what an indicator will display" what do you mean exactly ? how do I know what the big boys are trading , how do I know when they are buying / selling ?

Also when trading with trend lines how do I know when a strong trend is about to begin ?

I really appreciate your response . Thanks in advance
  • #37
  • Jan 9, 2015 3:56pm Jan 9, 2015 3:56pm
Figuring it out ain't that hard especially as you are aiming for the low end returns but getting there, well, that's a different ball game altogether. Good luck and keep us posted..
  • #38
  • Jan 10, 2015 1:14am Jan 10, 2015 1:14am
Quoting mindonfx
{quote} Thanks for your response , When you say "study what the big players are doing instead of what an indicator will display" what do you mean exactly ? how do I know what the big boys are trading , how do I know when they are buying / selling ? Also when trading with trend lines how do I know when a strong trend is about to begin ? I really appreciate your response . Thanks in advance
Reviewing the chart attached “naked chart” of the EURUSD (daily time frame) with a simple trend line drawn. The green arrow represents on 12/16/15 price broke above the trend line. For many retail traders that use technical analysis alone they would have gone long. Maybe some those traders use volume as an additional confirmation to think the trend is changing based on the higher volume that day. Look at the red arrow the next day 12/17/14 and the length of the candle. Retail trading comprises of maybe 5 – 10 percent of the trading activity (some days a higher percentage) throughout the day. With such a large candle body created that day, who do you think push prices down, retail? Now the next question to ask is why was price pushed down so hard that day and why are big boys selling? I am not going to give the answer but pull up the calendar for that day 12/17/14 and you will see why price behaved the way it did. Also Mr. Draghi and his comments has also helped fuel further downside.

Remember news does not drive the markets but buyers and sellers do, however news can be the catalysis to start something.

Remember 3 things need to be factored into trading:
1. Technical analysis: In this case false break of a trend line or what some call the “Shake and Bake” of traders. “I personally love these setups”.
2. Fundamental analysis: Big news event for day helps sets the tone. Look for the red flags as these are considered “high impact” in the calendar section.
3. Sentiment: Daily candles are great ways to see the true buyers and sellers in the markets. Any timeframe less a daily is considered noise imho.

Using this setup on this pair alone you could have shorted the start of the next day 12/18/14, and still be riding price down and be up 500 pips

To answer your question about “when does a strong trend begin?” No one knows beforehand and it is hindsight that will tell us once a trend is underway. Once you understand that dynamic and stop searching for the magic indicator or set of indicators with what you think are magic settings of what you think will unleash unlimited amounts of wealth the sooner you will stop losing money. It took me 9 years to understand that. A valid trend is when it hits the line at least 3 times imho.

A wise trader once told me “Trade What You See”

Hope that helps
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 29 KB
  • #39
  • Jan 10, 2015 2:14am Jan 10, 2015 2:14am
It depends on how large your account is
A chart helps those who can read it.
  • #40
  • Jan 11, 2015 11:13am Jan 11, 2015 11:13am
Quoting Forexnuts
Figuring it out ain't that hard especially as you are aiming for the low end returns but getting there, well, that's a different ball game altogether. Good luck and keep us posted..

Thanks for all your replies. I read somewhere that most indicators lag so I would like to know if indicators like RSI , MACD , BBANDS, Ichimuko lag or would they help me identify a trend ? Also which of these indicators would be best to use alongside charts / candle bars ?
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