thread: How much money can a seasoned semi-pro make with trading on Forex?

Classic reason why one shouldn't believe everything they see on the world wide web, newspapers and what they hear on TV

Yes, True!!

The best trades that you can create is listen to your self!

A great trader can probably churn out involving 6-10percent a month.

It is dependent upon your systems expectancy, price action,%risk/trade, etc..

Some traders maintain 20% on monthly basis. (Horse dung)

I have only seen one documented trader take 20% off the table on a monthly basis. (I don't think he deals any currencies)

He is also on the Forbes list. (John Arnold)

Establishing unrealistic expectations is a great way to blow up an account.

This thread has been around many times before

Phil, if you say 10k with 2k return over 2 months you mean a general 10% return on average iyo (in your opinion. Copyrighted by me, right now)? This is the most essential question imo, as pip values can change and as money increases so does income/loss.

No, I was joking (partialy) that should you gave most traders $10K they would lose $7500.

No, I was joking (partialy) that if you gave most traders $10K they'd lose $7500.

Oh, haha. I have heard the 80-100% yield in a year out of experienced traders saying thrown around a lot so that I was wondering whether it held any truth or not...

100% Yield in a month Convinced not a Hopeless thing to do

100% return in an hour is possible, given the right scenario.

There are dozens (hundreds? thousands?) Of egies for trading currencies.... All of that are more prone to risk and therefore there is not any assurance of any recurrence. Those are the cold truth.

So I say, trade only what you can afford to lose, and expect to have a fantastic luck.

100% yield in a month sure not an impossible thing to do
mld

Oh, haha. I have discovered the 80-100% return in a year from experienced traders saying thrown around a lot so that I was just wondering whether it held any truth or not....

Please can someone clear this confusion I have; I have heard folks turn 10k using leverage in 100k in a year, isn't that not more than a 100% yields on 10k of investment. . .or am missing something, please explain that for me.

I am able to turn a $10,000 account to $0.00 in a couple of days...

I guess it may be possible to flip 10k in to 100k.... With some ridiculous luck and insane risk/leverage

No offense to anyone, but when I could ch even 10 pips per day, four times out of every five, I would be a forex millionaire in a few decades. At 100:1 leverage that is easily possible.

Let us be realistic. Here's a post by a pro trader who is widely recognized as a master at his craft (he is a regular contributor to magazines like Trader's World), also contains over 30 years experience. Of course he's only one way to exchange, but I would say it is a safe bet he's looked at plenty of distinct egies during his career. IMHO, reading.

David

You are going to be a millionaire in under a year with 10 pips per day and compounding trust me.