Hi fellow traders,
I just posted this to the newbie discussion but although 28 have looked, none have answered so I’m posting it here as well.
I was introduced to Forex by a friend of mine who is a business partner with a professional trader. I won’t mention his name but he has been trading in general for 30 years and on Forex for 8-10 years and has written a book and conducts seminars on the subject. She claims that he can consistently earn 15% per month doing Forex trades. Because of his consistent results, they have opened a business where they trade OPM (other people’s money) and pay a guaranteed 5% per month for a whopping 60% per year. The other 10% per month is allocated to commissions and profit.
Does anybody know if these kind of returns are consistently possible in the hands of an extremely experienced and knowledgeable trader? I would like to believe that those kinds of returns are real (and of course I would also like to believe in Santa Claus and the Tooth Fairy) but I need some opinions from folks who have traded. I’ve never actually traded a Forex account.
Thanks in advance,
Pipsqueak50
