Realistic Monthly Trading Profit? -
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thread: Realistic Monthly Trading Profit?

  1. #21
    These are my trading stats for Jan. image
    Is a real account or a demo account?? If it is a real account that looks like quite a nice job so far. However you want to be mindful. Once more money is involved your emotions will play a larger part to. You Have to ask yourself if you can still continue to your plan with discipline when things go bad for a Couple of Days or even weeks

  2. #22
    3-5 percent per month is sensible. Of course you can Find a lot more depending on your egy and risk but most people here don't properly manage their risk so... yeah

  3. #23
    Junior Member wva's Avatar
    12
    I think that the best option would be just keep on choosing it.Trading has its own up and down.So simply keep on.Take your profit and restart out of your base if you're too scared.I have read a lot and learned a lot to say keep trading and don't care about how much you should get.The idea should be if do u need to stop.

  4. #24
    Junior Member sadsuky's Avatar
    26
    You're asking the wrong question, Forex Writer. . .The right question is, for how long can you keep your average monthly return? If you're in to your long term and want to make money in Forex on an annual basis, it is far better to consider a small monthly return percent to be certain you are going to be achieving your goal. . .It Is Dependent upon your trading style, capital and leverage..etc but try to keep a monthly goal of 5 percent, If You're Able to keep returning 5 percent each month for like 3-4 years( compounding profits), you'll be more than happy in the end of your trip, just Ensure That you're not risking a lot of your account for those 5 percent

  5. #25
    Junior Member ABarralesL's Avatar
    22
    You guys give excellent advice. I do also think a lot of the profit made last month must be volatility adjusted. Indeed BOJ announcements don't occur each month. My low DD is a result of excellent entry points. Right now my departure points can be around 33% to 50 percent off.

  6. #26
    Junior Member vicvirus's Avatar
    11
    quote Depending on your method, and potential for DD, with 1 lot per transaction may not turn out so good You have unusually low DD for such enormous profits. I have been trading for 6 years and not noticed such a ratio. More power to you if you can maintain it, but when it turns out that your method and MM are only encountering great requirements, you will likely have issues going forward. Of course, I'm just generalizing. I don't know your method. Just saying. . .if you can pull off this . . .you'd be about the top 1 percent of the top 5%! Statistics state to get a new trader,...
    I'll definitely second T34's words... a sample size of 4 weeks is nowhere near sufficient to properly assess a trader's long-run profitability but those statistics are absolutely exceptional. I had to look twice in that stats screenshot to be certain it was real... I only hope for your sake that you have the emotional control to predominate in if times are not so great. The distinction between a good trader and a master often comes down to how well you can deal with losses.

    Interestingly enough I aim an average monthly profit of 10 percent too. I find it hard enough to be push me only a bit out of my comfort zone, but not too much that I feel overwhelmed (and by extension that I need to over-trade in order to achieve said goal). My expertise definitely backs up what has already been said about average monthly profits, my worst month at 2015 was over -10 percent and my greatest has been 10% although the average is what you work towards. One of my most important goals for 2016 would be to predominate in my equity variance like my ordinary stays constant but my losses are somewhat smaller; hopefully not at the detriment of my profitable months.

    At the end of the day that your target needs to be accessible even if it is ambitious. Over-trading can turn you on the fast lane to your discounted account. Keep up the great work though mate!

    Mike

  7. #27
    Yea, its real. Only made another 400 now from GBP/USD movement. Max DD 2.17%. You are right, I am digressing haha. However, no customers, no nothing. Anyways, I don't change my foundation trading dimensions. So even now, my max trading size is 0.5 lot, which is uncommon for me. I'm expecting to adjust to 1 lot a trade, which could make things considerably more favourable. image
    Depending on your method, and possible for DD, with 1 lot per trade may not turn out so great You have remarkably low DD for such enormous gains.
    I've been trading for 6 decades and not noticed such a ratio. More power to you if you can maintain it, but if it turns out that your method and MM are only encountering great conditions, you will likely have problems going forward.

    Of course, I am just generalizing. I don't know your method. Just saying. . .if you can pull this off frequently. . .you'd be about the top 1% of the top 5 percent!
    Statistics state for a new trader, this would be highly improbable.

    Not attempting to become negative..just saying.

  8. #28
    Junior Member ABarralesL's Avatar
    22
    Yea, its real. Only made another 400 today from GBP/USD movement. Max DD 2.17%.
    You are right, I am digressing haha. However, no clients, no nothing.
    Anyways I really don't alter my base trading dimensions. So even now, my max trading size is 0.5 lot, which is rare for me personally. I am expecting to adjust to 1 lot a trade, which would make things much more favourable.

  9. #29
    Thanks. Its a real account. Launched with 3000. My difficulty is finding more funds so that I can gain from less pips.
    Mate, if that is a real account, and you're gaining at that rate....with so small DD..then funding won't be a problem in a very limited time! Another 3 months at your rate and you would be over $20k.
    You sure you're not here to solicit customers?

  10. #30
    Junior Member ABarralesL's Avatar
    22
    Thanks. Its a real account. Started with 3000. My difficulty is finding more funding so that I can benefit from pips.

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