Hello everyone my name is Judith. I am new in forex, I have been on demo for about 6 months now and I’m about to go on a live account. I have someone telling me that he lives off 15% of his capital in forex every month which means he make 15% or more from forex every month, which is 90% every 6months. I want to know if that is possible and how is it possible. Thanks.
Yes, its possible,
its a function of the cost of living and the size of the trading account.
if he needs $1500 every month to live and he makes 15% on his account every month then an account balance of at least $10,000 will allow him to do it.
It is possible but it is also highly unlikely in reality. As you learn more about Forex, you will come to know there is a big difference between what somebody tells you who wants to sell you something (like their expert services or a piece of software) and what somebody with real experience will tell you - which is the real value of this forum. Five years ago, I made a plan to trade with such lofty aspirations, but only desired to live off 3% per month whilst achieving 6% per month. With the benefit of five years hindsight, that certainly did not happen for me, but it has not put me off.
Over the past decade I have been fortunate enough to need to do a significant amount of risk analysis in my paid work. I have adopted a similar approach to our own personal investment and trading lives, which has not made me super rich but has prevented me (to date) of repeating some of the significantly poor decisions we had made prior to 2015. Don’t get me wrong. Personally I still think it is possible for ME to achieve 3% per month compounded, but the amount of funds I am willing to commit to such a plan is around 1% of our net assets. Putting that in perspective, if the other 99% achieves an annual increase of 5% per year, and this 1% achieves an annual increase of 50% per year, then the positive impact of the 1% in Forex and Crypto will have ten times the positive effect on our overall returns.
All things in good measure, but it’s good to aim for high returns in Forex, tempered by a dose of reality once you start trading for real. Best of luck with it.
3 Likes
Hi lass - DO NOT use the “broker” he suggests - there are many real ones but if you can’t be “assed” to research - use Oanda !
It’s one of those things that are truly possible but like what @Mondeoman and @Falstaff both said, highly unlikely and if they’re selling you something, a broker, forex lessons, whatever, definitely steer clear! 
Have you actually seen proof of that person’s account growing by 15%? Also, do you know this person well or is this someone you came across over the internet?
Thank for the reply
I haven’t seen proof of the account but this is some I met in person
Well they’re not selling anything to me but telling me to invest my money with them, I want to know if this will be good seeing I’m still a beginner in forex
Thank you for the reply
You will get any, even the best results, but only if you are well oriented in the market and really understand how to act in a particular situation and know how to distribute capital.
That is the same thing. 
@ponponwei is right - steer clear.
I had a business forex partner. we had a good business doing extremely well and I foolishly left him to carry on trading while I went abroad for a couple of months. I hadn’t counted on his lack of ‘money management’ (my money). Without my knowledge he blew £20k of my money, then borrowed £10k off my ex-girlfriend and blew that !
I do hope your friend isn’t that person. (initials J.S or sometimes J.W).
Just a tip - good luck.
1 Like
Does he work for the company that he’s telling you to put your money into? Not sure the company itself will make you more or less successful. Are they training you? Providing signals? Or just a broker, where you still trade yourself?
None of the above. You give them your money, they trade for you and give you monthly returns.
Hi,
At one time, I used to get about two or three calls a week from somebody who bought a database of investors, telling me the same story. Eg "we have a record of choosing 88% correct trades and can regularly return 10% to 15% per month. We require a minimum investment of £10K (or £20K or £50K depending on who they are) and we send to your bank account 80% of the profits. Our fee is 20% of your capital (drone, drone, drone, high water mark, etc, etc, drone, drone, drone). I never signed up because I have had one mantra since I were about 28 years old. If their success rate was so high, why would they ever want to give away 80% of their profit to Joe Bloggs they never met. Why did they not just borrow (even unsecured) funds at 2% per month interest, and keep 80 to 90% to themselves? The logical answer has to be “because the story they are telling you is one that you want to hear, and confirmation bias gets the unwary lots of the time”
Stay clear my friend. If you are going to risk your hard earned capital, at least learn yourself what to do on forums like this. Then you only have yourself to blame for your losses, not some lying, thieving idiot who called you out of nowhere and sold you a pup. The world is full of them.
2 Likes
I don’t want to upset you, but for a newcomer it’s quite high, you’d better pay attention to what you see now on the demo and focus on your personal parameters.
posted twice, edited
Well, everything is possible in forex trading. But I don’t think you should pay heed to what others say. Just focus on making yourself a better trader than before.
That sounds like it came straight from a movie!