What percentage of each month is not important. Take your money management before thinking can make profits. Focus on your strategy and not passionate numbers on a spreadsheet.
{quote} If you want to have consistent results, the only thing you should do is concentrate on your own trading instead of looking at what others are doing. A method/system can be profitable for me and not necessary for you.
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I've quoted the above comment because it's still relevant today as it was three years ago.
I'm learning lots about trading each day. One thing I've discovered is that some strategies that others claim are brilliant don't work for everyone. Especially when people don't understand how to follow the system or have a lack of self-discipline with their money management. It's something even I was guilty of when I first started.
30% profit is possible each month. It just depends on your strategy, of course...
I do believe its possible! But do you mean 30% a month as in like the mean? For an example I can see this happening : Jan : 30% Feb 2% Mar 68%
I can see how people can makeup for negative months and the total will divide into 30%, But a solid 30% per month. Well my friend. You just saw a miracle worker.
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Joined Mar 2017
|484 Posts
Yes, I know maximum retail Forex traders are losing their money here but that don’t mean all of Forex traders are losing their money here! Of course, professional Forex traders are able to make a decent monthly return! By the way, till now I am learning and updating my trading skill, but I know success is not impossible here!
I want to ask all the expert traders here that, is it possible to earn 30% of our invested capital in a compound way for consistently for 4 years? I have seen many traders that claim to have a gain of more than 30% per month, are they telling the truth? If it's possible then investing only $100 can be turned into $29,463,267.63 after 48 winning month. I want to ask all the traders that is there any real strategy that can make it possible? Even I made a strategy which looks to be holy grail and giving me about 30% per month. But I don't know how...
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Statistically it is possible but realistically it is not, why? because traders are at the mercy of the market at all times, even great strategies has its own draw down period so you cannot dictate the market to move in your favor all the time, what traders can do is just to focus in the implementation of his proven strategy and wait what the market will provide for him, plus the fact that if the trader becomes indiscipline and make trading mistakes once in a while or becomes discretionary then the profit factor will greatly reduce that can put traders more in disadvantageous situation.
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Joined Mar 2017
|629 Posts
That’s a very healthy ratio, I am sure only pro traders can make such a good trading result! By the way, I have 5 years trading experience and till now I am working with 10% monthly target!
It is definitely possible but not 30% every single month. Theoretically yes but practically I would say its a very small chance. 30% on avg on the other hand is realistically possible, you just need to accept the risk that comes with that.
I think a max DD of 30% to make 30% per month would be a healthy ratio and it is doable. There are not many people that can do it, but for sure there are some. I am hoping I am one of them, so far so good.
{quote} If you want to have consistent results, the only thing you should do is concentrate on your own trading instead of looking at what others are doing. A method/system can be profitable for me and not necessary for you.
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Yes, that’s the procedure! Pro traders don’t break their own trading rules based on instant trading result! 4 years! Only pro traders can expect such a consistent result!
I want to ask all the expert traders here that, is it possible to earn 30% of our invested capital in a compound way for consistently for 4 years? I have seen many traders that claim to have a gain of more than 30% per month, are they telling the truth? If it's possible then investing only $100 can be turned into $29,463,267.63 after 48 winning month. I want to ask all the traders that is there any real strategy that can make it possible? Even I made a strategy which looks to be holy grail and giving me about 30% per month. But I don't know how...
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30% return in average per month can be possible if you have good strategy. But if anyone says that every month he can earn strict 30%, there should have been some doubt. Market does not behave or move same way in every month. Some months you will get good percentage, in some months it will be break even and in some months you will be in loss.
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Joined Dec 2018
|102 Posts
To be real in your case - answer is simple - no! It's have more chance to win a lottery with that consistency. Even business wouldn't bring such results. Even fixed bank deposits (we are talking here, not % profit, but more like stability) cause their interest rates may fade over time.
{quote} and why do you think it is impossible? because you can't do it? you also can't do 100m sprint below 10 seconds but it doesn't mean it's impossible, because there are few people who trained hard and they can achieve it. of course one can't aim for doing 100m in 5s, and you can't expect impossible, but with good plan 30% a month would be possible to a point I mentioned above
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"you also can't do 100m sprint below 10 seconds but it doesn't mean it's impossible, because there are few people who trained hard and they can achieve it...." then finally you found out they used dope
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Joined May 2021
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Status: Junior Member
|2 Posts
Well I don't know about professional traders, but for me I get a week, two at most with chasing proper pips (winning) and then after I suffer one bad week which burns whole profit from before... If Someone does these 4 years straight let me call him to be my godfather!
you can but you'll have months that are not that some that are and some that are in between. The biggest thing that trips up most traders is that the results aren't constant
