true, but it's likely to obtain the 30 percent over time till the account increases to quite nice amount, then of course you will lower down your expectations or you'll begin losing due to mistakes, fear, greed etc
true, but it's likely to obtain the 30 percent over time till the account increases to quite nice amount, then of course you will lower down your expectations or you'll begin losing due to mistakes, fear, greed etc
Greed .You wish to turn $100 to $29,463,267.63 in four years. Hmm .Not miracle but magic
Taking it is ridiculous. This procedure does not require miracles, nor can it be 'hopeless'.
Yes, setting goals that are too large for you to achieve and perhaps making mistakes in trade sizes, number of transactions, etc., since you are trying to meet your own 'too large' expectations/goals, can be a critical problem. It is much better to trade for a while, see what you could realistically achieve on a regular basis, set your 'personal best' target and possibly a minimum (that for me is making sure nothing less than 0% per week) and take off the pressure.
Lastly, once you achieve consistent profits that are rather good (versus your account size), who states you can not keep doing that regularly, while taking out funds in your account. That way, you won't have the problem of having to manage managing large trade sizes, slippage during entries/exits, etc..
yes it's possible to receive 30% a month (on average) constantly in the event that you stick to strict rules, BUT YOU PROBABLY NEED FEW YEARS TO LEARN BEFORE, as you need experience in proper mm, proper position sizing, proper plogical mindset. Plus with higher account size I'd shed the risk so the earnings would drop to let's say 10 percent a month - but still nice profit. So yes it's possible but far more challenging than one may think.
I'm working on a method like that and feel like am close, I'm good with position size, risk etc, but somehow my entries got worse. My Leverage is 1:20, my sl is 7-15 pips and risk is 0,5% to 1% with daily goal of 1%-2% - only have to stick to rules, and as 4 years is a lot of a time (I devote myself 5-15 years) and may have different ups and downs, life problems affecting trading in most way etc - it will be tough, but I got to keep trying
What do you aspire to really find out using this thread - if there are successful traders out there, and if so, how successful? As in any walk of life, there are people who succeed, and the ones who don't. What others are achieving or not, has absolutely no bearing on what you can attain, so rather than ask whether other traders can consistently attain a percentage yield per month, ask yourself if you have got what it takes to be a successful trader, and whether the answer is yes, then forget the other man and concentrate on your own horizons. Should you somehow doubt that anyone actually makes money as a FX trader, then you might too quit today. Merry Christmas.
What is so enormous in 30 million?
Some guys here assert billion daily is not a problem:
Quoting Proximus
if you can make only 1 dollar consistently daily the same way you are able to earn 1 billion dollar
Today, seriously: 30 million - not daily but acc size - is doable, however, moving further is generally much harder - leverage, margin requirements, liquidity...
Of course it's possible. Likely? Well, that depends on you personally....do you like an average of 30% a month - or a rigorous 30 per cent a month. Ie, some months you make 200% others you shed 15%. . .whatever... It is surely possible my buddy, but here will tell you it's too risky money direction to do so.
My two cents. . .screw em, if you wan nat possess a shot, go for it! What is $100 when the rewards compound massively.