Edit: 4-5-2018
Day 3 - 9.8% return in 1 day…A mix of SW strategy and a few short term price action in this result…
Same formula on the same $1096.08 account (Day 2 close)… up to $1197.84 (Day 3 updated close)
1:1 RR / 1.2% risk (12 pips) / $91 Margin (2 pos. max ) Non believers… feel free to verify with your charts…
Account has increased by 14.7% (150.1 pips) in 3 days…Will complete the 25% early next week…
1 active position remains open on the USDJPY, see where it is in 8 hours.
Good going, well done mate.
I’ve been reading up on your strength meter posts elsewhere. Very informative articles & info.
I’m using one myself for intraday opportunities & hopefully will interact with you now & again on the forum.
All the best 
Thanks, I think I’m going to get hurt by that Yen position… drawdown is low so not removing life support just yet… 109.1 - 109.0 will hopefully stop the internal bleeding…
GBPNZD would have got the job done today. Cheers
Yeah, as i mentioned earlier, i was getting a strong Yen read when i posted. In fact it was fighting Aussie$ for the top ranking all morning & into New York. It’s walloped through prior day lows on all its cross match pairs today as well as printing upwards of +130/150% of range into New York trade on most pairs.
I’d have a had a pop at a short via sterling or euro if i hadn’t been exposed near my day limit on the Aud, but there you go.
They’ll be plenty of other days to choose the premier battles.
Hope it doesn’t bleed too badly for you
Let say your goal is 25% per month. And then breakdown on everyday…you have to reach 1% daily goal. I think this is a reasonable calculation. If you have $100 then you just have to get $1 profit/day.
Hi @robert.miner,
This is not realistic. It’s like saying you can lose 25 pounds per month, because you can lose one pound in a day. Not only is that unsustainable, but the risks you might take in trying to achieve such an unrealistic goal are likely to be harmful.
The difference between trading and gambling is that traders seek to act when they believe the odds are in their favor. Gamblers ignore the fact that the odds are against them.
@Novaturient, making 25% per month is only possible the way it’s possible to double your money betting on black playing roulette. Such an approach to money will ultimately lead to ruin.
"Hear counsel, and receive instruction, that thou mayest be wise in thy latter end." - Proverbs 19:20
Hi @robert.miner, Welcome to the forum… If you had a $100 account you would have to trade in 0.01 micro lots to guard against losses and large drawdowns… but the formula displayed above would be exactly the same.
Trading ONLY the Strong Currencies against the Weak… “the odds are in their favor…”
• EURUSD. 1:1 RR (Risk / Reward) 1.2% risk Leverage 400:1 / Margin ~$4.00 on each position
• TP & SL (maximum 9 pips) 1 position a day trading 0.01 lots… @ $1.19.
• Possibly even lower the risk to 1:1.5 RR (ie: 6-7 SL with a 9-10 TP)
@FOREX.com Hmmm… While I understand that it’s your job to blow the siren loud and lead fresh Eloi to their fate…
There is no Gambling happening here… with the low risk profile and sound Currency SW momentum being demonstrated over and over again… For a representative from the otherside of the game to suggest its Gambling is either disingenuous or possibly sinister at best…
If there was a spike in the plebs successfully taking even 12% a month from the market… well…Christmas just wouldn’t be the same.
Unfortunately for you, not even the word of God is going to stop your misinformation being shot down when 25% is reached early next week… Enjoy
Success on trading strategies is completely depend on its practice, make sure regular practice in demo = get good result.
but i have seen and never found at any trader who practice trading seriously , most of them trade at random when practicing.
…and most of them blow their accounts
We entered this discussion to address such misconceptions. The risk is in how they could lead new traders to make fatal mistakes when developing their strategies due to unrealistic expectations.
When you consider that 25% per month equates to over 1400% per year and to more than 300,000% over three years, it may help you to see why this rate of return is not sustainable over a long period.
Exactly.
In this instance, though, it might be more appropriate to say “… it may help most people to see why …”.
Same broken record, same old mantra…quash newbie expectations so low that blowing their account or making 2% for the month is the expected result… Instead of quoting huge numbers and wheeling out Industry propaganda, please point out where the flaw lies in this exercise and we can have a serious debate…
I’ll expand on how this exercise is relevant at the end of the thread… next week.
Sustainable… It doesn’t need to be… 25% will be reached within 7-8 days exposure to the markets, and what, with the success rate achieved so unbelievable (according to some), I can effectively have the next 13 or so trading days off… sit on the beach…and come back fresh in June and do it all again…
Day 4 - 3.6% return… A quiet day with a mix of SW strategy and residual (35min after) NFP price action … No trading took place during the NFP release…
Same formula on the same $1197.84 account (Day 3 close)… up to $1235.58 (Day 4 close)
1:1 RR / 1.2% risk (14 pips) / $99 Margin (3 pos. max ) Non believers… feel free to verify with your charts…
Account has increased by 18.1% (184.3 pips) in 4 days…
1 active position remains open on the USDJPY, ($22 Drawdown…) A cost of doing business…
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Note: The OP’s question was “Is 25% a month possible”. At the same time on another thread a question was raised “How much profit can l REALISTICALLY make trading starting with 500 dollars” which after I realised the OP was referring to Binaries, I left alone…
In any case, I didn’t have a $500 account laying around, only $1027.00 account which I break off my larger accounts all the time (explained in many of my posts) as part of my risk mitigation strategy…
So this is the LIVE account I started this exercise with… It’s also more likely the account size that a newbie or inexperienced trader should be starting with and can hopefully apply this risk profile.
A one time off 25% is an absolute eventuality. At the heart of matter, is consistent profitability. Please allow me to recast your question. On average, is 25% a month possible?
It is only possible after a tremendous amount of persistence. Most people give up too easily. One will have to be pretty hardcore in their pursuit of financial freedom, to be able to persevere in the steep learning curve of forex trading.
I think it is a great pity that this particular thread has developed such a negative and personally derogative tone. In my (extremely humble and very naive) opinion there is much that could be discussed here that would be very useful for all kinds of traders.
I agree very much with @Trendswithbenefits that there is great potential outside the boundaries of the norms usually recommended to Newbies, but I also agree that there are also potentially grave risks involved for the inexperienced trader that should also be highlighted.
Regarding percentages, I think this is a very overrated and inaccurate way of assessing one’s performance. The key issues in risk management are the size of one’s actual positions and the parameters regarding stops and targets. The actual equity sitting in one’s account is a rather arbitrary and passive factor in profitability beyond the amount needed to comfortably cover margins. Two traders with identical trades will have entirely different percentages if one has 1000 units of equity in his trading account and 4000 in his bank acc whilst the other happens to have all 5000 units in their trading account.
There is value in having some form of matrics to provide some kind of comparability, but this percentage of equity is very loose and imprecise to be used in any narrow sense. I guess many Newbies do have all their available equity in their account since they often only have a small amount and so there is some degree of relevance in this metric.
But I think the real issue here is not so much about percentages as it is about differing trading styles and what can be acheived with them, and what suits which kind of trader, rather than some purely theoretical argument about can 25% be achieved only once in a lifetime or regularly for ever.
For example, personally, I have my own, so-called, sniper trading which I employ when I think there is nothing much going on and I sit and watch the trades with hawk eyes and my “rules” for that are so totally out of line with any “norms” that I would never even talk about that in detail on a Newbie site! But I pick up 5-20 pips without too much trouble when the conditions are right (and that is the key issue with that!).
But the “norms” that we are all familiar with are very sensible constraints for Newbies to focus on and are more likely to keep them in the business until they have found their wings and learnt to fly. Then the deviations from the “straight and narrow” can begin…
I promise not to intrude here any further, but I really think a lot more positive and open mindedness could actually reveal some interesting and worthwhile features (and warnings) of both short and longer term trading as well as highlighting the amazing versatility of trading styles that the forex business provides.
We are all on the same side in this business…
Hi @alphahavoc I have fast tracked this exercise into 7-8ish days so as serious followers don’t lose interest… 30 days is a long time to wait for an outcome…
25% will be an eventuality, true and far more trades have been taken over a shorter period than would be required to get to the total… Strengthening the case that it can be achieved over a much broader time scale…
But if you were to run this profile to the letter (1.2% return per day) I still feel this would be a walk in the park… still 13 days to theoretically get it done.
All the risk is managed with this concept… Small account size…$500 to $1000 to begin with is not a huge investment for most serious traders to fund…begin by keeping funds in your Bank at Interest… not theirs for free
Account size is a component of the risk strategy, your not trusting 10’s of thousands to an unproven Broker…
1.2% of total account value should never be exceeded… Leverage is irrelevant because margin (if traded over 20 days) should never exceed 5-7%…Micro lot sizes a very necessary to control losses and drawdown…
As long as you have a sound trade strategy in place that can make +8-9 pips per day this works like clockwork… AND you will be continually gaining experience in a low risk environment…
I, like many others rely on a version of the SW strategy as demonstrated in Dennis’s inspirational thread… who’s results far exceed 25% per month, so I’m not sure what the issue really is…
Pardon me, but i don’t quite get what you mean. Do you mean gains of 25% per week?
A walk in the park indeed. However, i will not recommend aiming such quick returns for a newbie. It will be too expensive a way to learn a lesson. It is my personal belief that, all newbie will lose 25% or more when they first start a live account for trading. To Lose with a big margin is counter productive to learning. A prudent approach is a much better habit to incalculcate, in the early stage of trading.[quote=“Trendswithbenefits, post:56, topic:147668”]
Leverage is irrelevant
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I disagree. The higher the leverage the better for newbie, because they will be able to trade with a smaller live account without getting margin call, which is almost a certainty to get busted.
The issue is Easier said than done!
“Everybody falls the first time”
