Bijoymj
November 29, 2012, 5:08am
42
PaladinFX:
Fluctuation is way too high, IMO … looks like your might want to reassess your risk aversion.
There are no secrets to success. It is the result of preparation, hard work, and learning from failure.(Colin Powell)
I feel I am not over trading and always follows my rules strictly. I won’t risk more than 2 to 3% per trade and never had a lot of open positions. If you go through my October month review posted in babypips , then you will be clear about my 29.89% gain. Also If you go through my thread Bijoy’s trading set ups from the first post, you will become aware of my entire performance.
Bijoymj:
I feel I am not over trading and always follows my rules strictly. I won’t risk more than 2 to 3% per trade and never had a lot of open positions. If you go through my October month review posted in babypips , then you will be clear about my 29.89% gain. Also If you go through my thread Bijoy’s trading set ups from the first post, you will become aware of my entire performance.
Just had a quick look at the two threads you’ve linked … nice.
If you can keep up that performance, I’m pretty sure you won’t end up with 1% ROI the coming year.
All the best!
Cheers,
There are no secrets to success. It is the result of preparation, hard work, and learning from failure.(Colin Powell)
silentboy:
Quick question i want answered from people that have been trading and have experience, is it realistic and possible for an experienced trader to make $10,000 per month?
Keeping in mind not blowing an account or being greedy but simply doing what they do?
As some members already mentioned, the answer is yes, if the traders know what they are doing.
One key factor, as also has been discussed, is the amount you need to have in the account. By personal experience, making an average of 4 to 12% monthly can be achieved without an excessive risk (DD normally around 1% and MAXDD around 30% in periods of high volatility).
So for that kind of return with the risk mentioned above, you should be looking at a 150k account to start with.
Higher return can be obtained but of course the risk rises accordingly and it is not wise to have unnecessary risk.
If you don’t mind, please send me the name of the company by Private Message.
So, about the questions I am sure will be asked: Yes, I work for an account management company. No, I will not advertise in here. Yes, there are many talented people making money in Forex and all my income comes from trading forex, metals and futures.
Happy trading everyone.
SmartTrade:
As some members already mentioned, the answer is yes, if the traders know what they are doing.
One key factor, as also has been discussed, is the amount you need to have in the account. By personal experience, making an average of 4 to 12% monthly can be achieved without an excessive risk (DD normally around 1% and MAXDD around 30% in periods of high volatility).
come on guys shorly you can pull 10 to 20 pips from the market every trading day
So for that kind of return with the risk mentioned above, you should be looking at a 150k account to start with.
Higher return can be obtained but of course the risk rises accordingly and it is not wise to have unnecessary risk.
If you don’t mind, please send me the name of the company by Private Message.
So, about the questions I am sure will be asked: Yes, I work for an account management company. No, I will not advertise in here. Yes, there are many talented people making money in Forex and all my income comes from trading forex, metals and futures.
Happy trading everyone.
come on guys shorly you can pull 10 to 20 pips from the market every trading day, and your maximum stop on any trade is no more then 10? I think nost traders go wrong as they have to many types of entries, just one specific event should carry u in to regular profits…
PaladinFX:
Of course it’s possible to make 10k a month trading forex.
An experienced trader is able to generate an average of 5-10% of monthly profit while observing proper money management.
So you’ll need
You will not be able to make your 10k a month with a 20k account, obviously … at least not without disregarding money management rules, which will kill you off pretty quickly.
Cheers,
There are no secrets to success. It is the result of preparation, hard work, and learning from failure.(Colin Powell)
SmartTrade:
As some members already mentioned, the answer is yes, if the traders know what they are doing.
One key factor, as also has been discussed, is the amount you need to have in the account. By personal experience, making an average of 4 to 12% monthly can be achieved without an excessive risk (DD normally around 1% and MAXDD around 30% in periods of high volatility).
So for that kind of return with the risk mentioned above, you should be looking at a 150k account to start with.
Higher return can be obtained but of course the risk rises accordingly and it is not wise to have unnecessary risk.
So, about the questions I am sure will be asked: Yes, I work for an account management company. No, I will not advertise in here. Yes, there are many talented people making money in Forex and all my income comes from trading forex, metals and futures.
Happy trading everyone.
Great minds think alike.
Cheers,
There are no secrets to success. It is the result of preparation, hard work, and learning from failure.(Colin Powell)
Hi Smart Trade, i’m from sydney to how can i get in touch with you to ask you a few questions?
I couldn’t private message you for some reason let me know please.
SmartTrade:
As some members already mentioned, the answer is yes, if the traders know what they are doing.
One key factor, as also has been discussed, is the amount you need to have in the account. By personal experience, making an average of 4 to 12% monthly can be achieved without an excessive risk (DD normally around 1% and MAXDD around 30% in periods of high volatility).
So for that kind of return with the risk mentioned above, you should be looking at a 150k account to start with.
Higher return can be obtained but of course the risk rises accordingly and it is not wise to have unnecessary risk.
If you don’t mind, please send me the name of the company by Private Message.
So, about the questions I am sure will be asked: Yes, I work for an account management company. No, I will not advertise in here. Yes, there are many talented people making money in Forex and all my income comes from trading forex, metals and futures.
Happy trading everyone.
Yes it is very possible, depends on what size lot u trade.
silentboy:
Hi Smart Trade, i’m from sydney to how can i get in touch with you to ask you a few questions?
I couldn’t private message you for some reason let me know please.
Sure, I have accepted the friend request.That should allow the PMs.
I sent you a message mate.
mcnoel
December 6, 2012, 10:38am
52
“I’d rather take that money and head to Vegas for a crazy weekend.” LOL
Nothing is impossible in forex if we wanna to try, sir…
Exactly, nothing is impossible in forex. Keep trying and do the best, so we can make our dreams come true…
SmartTrade:
As some members already mentioned, the answer is yes, if the traders know what they are doing.
One key factor, as also has been discussed, is the amount you need to have in the account. By personal experience, making an average of 4 to 12% monthly can be achieved without an excessive risk (DD normally around 1% and MAXDD around 30% in periods of high volatility).
So for that kind of return with the risk mentioned above, you should be looking at a 150k account to start with.
Higher return can be obtained but of course the risk rises accordingly and it is not wise to have unnecessary risk.
If you don’t mind, please send me the name of the company by Private Message.
So, about the questions I am sure will be asked: Yes, I work for an account management company. No, I will not advertise in here. Yes, there are many talented people making money in Forex and all my income comes from trading forex, metals and futures.
Happy trading everyone.
Let’s start with what would be a realistic rate of return per month.
It is widely accepted that 6% ROI EVERY month is a reasonable target.
If 6% is achieved every month and you allow the profits to compound in your account, you will double your account size in 12 months.
So with that in mind, based on 6% ROI a month, to profit $10,000 a month, it means your account size has to be at least $167,000.
