How much is great return?

There’s more than one variable associated with just setting a monthly goal for return. The methodology of your trading is responsible for the return, as is proper risk assessment. You can never project future returns accurately, but only state what has been done in the past. This can be done, if you accurately backtest. Keep in mind though, that it’s easy to optimize a trading methodology on past results. While the same results moving forward do not always seem to paint a similar picture.

I think you should focus more on the various methodologies of trading than the results themselves.

I agree with you and understand that there are tons of variables that will affect the result however my degree is about business management and not economics so I have to be practical, set a goal and then comes what you just said; evaluate the different systems, find improvements if possible and then manage these systems.

Then what do you think? I am going a get in big trouble trying to achieve that 10% a month?

Yes.

The focus should be on profit. Period.

Once one continues to accumulate profit on a consistent basis, with proper money management one will achieve their financial goals.

It’s not about trying to attempt a certain percentage every month.

Well, a break to my self controlled silence. I mostly read here and there and do rather trade and count my profits. 25% a month average since 3 months consistently is my success rate. I had this goal and I reached it. Me and my robot together. Serious live account. Do I expect the same for the future? Time is second! If I have 25% in a month or in two months is not so important. It is still more than any other investment. For me! Does that mean it is possible for you? Nope! Because you and me are different people. It could be you can do it, but it is hard. 95% or more lose. Could I make more? Probably, but I do not like to work more for it.

Those questions are all for nothing. Sorry, just my opinion, no offending intended. I will explain: It all depends on yourself and your own psycho enemy in yourself. Lets say a guy has a million bucks and put it all in one trade with same sl and tp target range. His rrr is 50:50. May he reach it? Some ppl live on the streets, most ppl live day in day out in their rat race, some ppl are billionaires. What is the reason for those different scenarios? Do billionaires think in the same way as rat race ppl? Think about those answers.

A business view is: You can more or less easily gain 25% a year with just investing in precious metals or commodities or whatever is trendy at some time. That is around 2% per month. Compounding not calculated. No hassle with brokers, stop loss, learning, sleepless nights if so and so on. You even need no time in front of a computer. If you can make only that or less in forex, stay away! Why would you risk much more for the same chances? Makes no sense!

So, whoever wants to trade on forex should have the goal of more than 2% a month. If you can’t reach that, then better invest your money in something else. There are a lot of opportunities.

I also want to stop with the myth you must start trading with demo or have big losses to learn. I started live, demo just for checking how it works and never blew an account or had big losses. Just use your brain to filter what is right and wrong. Not all of the lessons in any forex school might be suitable for your trading decisions. You need to know them - to jump over some. If you know the reasons why.

One hint for questions and who you ask: Most ppl here as everywhere else are part of the 95% club. They can explain what should be, but not what is, because they have no experience as real live winner. Or they trade demo or they play only with peanuts without real risk. So, if you ask and somebody gives you an answer, ask for his success rate as well. You might be surprised. I asked an analyst with 10 years experience on daily fx and he has 50% a year. He said. That would be approx. 4% a month average.

10% is for sure possible. The question here would be: For you? :slight_smile: I wish you success and the luck you need!

I agree with everything buckscoder just said.

a good return :wink:

Yes SDC, I wouldn’t complain. :wink: Plus this week alone I made more than 50% of my 4th month goal. Today was really nice with a lot of breakouts. A bit left for this month to make and then I have doubled my account in 4 months. My first of the twelve steps to become a millionaire would be done then. Can I do 12x what I did once? I think yes. We’ll see if I can do it in 48 months all together. If it takes 96 months, I will not complain either.

Best of all: My robot works, too. 3 live trades all profitable. 10% roi on those 3 trades. Plus those live trades show up now in backtest, where 34 trades are all profitable over 2 years. I just try now to compete with my own robot, lol.

You have a good one! :slight_smile: