5% a month in forex? - Page 3
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  1. #21
    Quote Originally Posted by Libertysilver View Post
    Success is not impossible , they only one holding you back is your self , that's best advice I can give you ,

    & everyone has there own definition of success
    , Success to one person can be making 100k in 2days and success to another person can be making 1k in 1week like it all depends on you and how hard you work to achieve your success ,
    I'm not holding myself back nor do I need advice. Thank you though.

  2. #22
    Join Date
    May 2014
    Posts
    18
    I do not think one can profit constantly 5% in a month. It is possible for a trader to make 100% profit in a day. But it is too tough. I think the man who told you about it, may be he or she controls some or one PAMM account. He will trade with your and his capital and as a expert trader he has less probability to make loss in market for a month.

  3. #23
    Join Date
    Mar 2014
    Posts
    49
    Yes it is achievable and you can definitely get the profit about 5% in a month. But to make this profit you need hard work,lot of practice ,knowledge and skills about Forex.
    Last edited by Pipzilla; 06-10-2014 at 12:29 PM. Reason: Advertising

  4. #24
    Join Date
    Aug 2011
    Location
    United States
    Posts
    117
    It is definitely possible to achieve 5% or more a month in the Forex market. If you're new I just learning about Forex you should start making your first 5% in about three years.And that's if you work hard and study hard.

  5. #25
    Join Date
    May 2014
    Location
    Unknown
    Posts
    124
    Yep, It can be done, I do it all the time.

    To achieve 5% consistently you simply need to know what you're doing and control your emotions.

  6. #26
    Join Date
    Jun 2015
    Posts
    110
    I must say 5% consistent profit s quite enough for any trader, hoping one day he will make some good percentage. It is better than loosing money in forex in attempts of getting high profit . I would be happy with 5% to 10% profit made from my investment.

  7. #27
    Join Date
    Sep 2016
    Location
    Kuala Lumpur
    Posts
    64
    5% from $1000 and 5% from $10000 are different things, but still I think it's a good sum. Especially if you are new to trading. It's nice that you see the real things and don't hope to earn 300% at once as many novices do.
    Better to keep calm, to cope with emotions and to make logical decisions. You'll make it!

  8. #28
    Join Date
    Oct 2016
    Location
    Brisbane, Australia
    Posts
    54
    Depends on a lot of factors.
    What is your win/loss%?
    How much are you risking per trade?
    What is your average profit?
    what is your average loss?
    What is the frequency of trades?

    I have one account where
    largest risk is 2% (stoploss)
    win/loss raito is 78%
    average win 0.8%
    average loss 0.5%
    average trades 25 per day.
    I aim to make 3% a day.
    Last edited by comstrader; 10-10-2016 at 11:10 AM.

  9. #29
    Join Date
    Nov 2011
    Posts
    394
    Quote Originally Posted by rosolite View Post
    I must say 5% consistent profit s quite enough for any trader, hoping one day he will make some good percentage. It is better than loosing money in forex in attempts of getting high profit . I would be happy with 5% to 10% profit made from my investment.
    This is quite good profit if one calculate it . No other business will give you so much profit . I will be remain contented on 5% per month profit ,. May be any good move give me high profit in a month but regular profit is good performance for a trader. I will be much happy with 10% profit

  10. #30
    Join Date
    Oct 2013
    Posts
    968
    Quote Originally Posted by DCtrader View Post
    I've been doing alot of reading and I see a lot of traders who say they can make 5% a month in the forex... Is this really possible? if so, who's doing it and can you please share some of the things we need to do as new traders to get there?
    At first you need to develop your own trading strategy. And its more about controlling your risks and managing profits rather than making correct market predictions. As forex trading is highly leveraged and thus associated with high risk even with strong skills of market forecast and high win ratio you can blow up your account from one or two trades just because you set incorrect stop loss, keep profitable trades too long or too short, etc.
    Its also important to control your psychological state. With a wrong mindset you are prone to commit many trading mistakes, so when starting to trade imagine that you lost all your money and try to feel that state. If you are ready to accept it you are ready to trading.
    And find a good broker which doesn't embarrass your trading.

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