10% Profit per month is enough?

Elisium

Elisium

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Hello, guys, now I am looking at very interesting system that can give me 10% per month. My knowledge of Forex is not so good and I would like to get your opinion. This sounds very interesting: I can have twice my money just in 10 month it's work for me.

But what is the option, how much you can make per month? I'm asking about average income. it can be good month, it can be bad and so you. Lets talk only about live account because trading on a demo dose not work for me at all as you do not feel any draw downs and fears. If you lose 50% on a demo you keep trading and maybe make more then you lose.
 
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Actually Elisium, you would double your money in 8 months if you re-invest your profits into the system. It's surprising you had not picked this up.
 
tomorton said:
Actually Elisium, you would double your money in 8 months if you re-invest your profits into the system. It's surprising you had not picked this up.
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Actually even less. In 7 month and one week if you make 10% every month :clap:
 
Hi,

This thread caught my attention as I always refer to % gains/loss and think that is the way to measure performance as apose to pips loss or gain.

To respond to the initial question, I think that 10% capital growth per week is very reasnoble with 1-2% risk per trade. Personally, we look for 5-10% per week as a target with 2% risk and average around 3-4% per week taking into account losing weeks. If one can acheive 10% per month consistantly, as you say, this is more than enough because compounding will take care of the rest.

Regards,

H
 
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Hemal said:
Hi,

This thread caught my attention as I always refer to % gains/loss and think that is the way to measure performance as aposed to pips loss or gain.
Click to expand...

Wrong, the real way to measure performance (as a retail punter) is to count the pounds, dollars, yen, euros in your account....You percentage obsessives do my head right in..."IT'S ALL ABOUT THE BENJAMINS"...COMPRENDE?
 
Hemal said:
Hi,

This thread caught my attention as I always refer to % gains/loss and think that is the way to measure performance as apose to pips loss or gain.

To respond to the initial question, I think that 10% capital growth per week is very reasnoble with 1-2% risk per trade. Personally, we look for 5-10% per week as a target with 2% risk and average around 3-4% per week taking into account losing weeks. If one can acheive 10% per month consistantly, as you say, this is more than enough because compounding will take care of the rest.

Just a quick note about myself...

Hi guys,

I trade FX mainly in the moring during the London session and also run a live trading room to help those that are starting out in trading (yes, I charge a fee for it) but do offer a trial. Also operate a partnership site called Alpha Markets Spreads which offers 1.£250 cashback for losses during the first eight weeks for accounts under £5,000 and 2.Zero Spreads on some FX pairs and Indicies.

Trading stratgegies include simple price action, moving averages and pivot points. If anyone would like an informal and no obligation chat on some options to strart trading, in particular spread bettting FX, I'd be happy to help, just fire a PM with your contact details.

Regards,

H
Click to expand...

Superyachts.apolloduck.com, better start planing your purchase
 
Black Swan said:
Wrong, the real way to measure performance (as a retail punter) is to count the pounds, dollars, yen, euros in your account....You percentage obsessives do my head right in..."IT'S ALL ABOUT THE BENJAMINS"...COMPRENDE?
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It's a combination. I manage my trades by percentage. I manage my strategy by account growth.

Managing the trade by percentage forces me to give just as much attention to a preproduction trade (small money) as to a production trade (serious money). I'm learning a craft, and the amount at risk is situational. The percent at risk is universal.
 
Elisium said:
Hello, guys, now I am looking at very interesting system that can give me 10% per month. My knowledge of Forex is not so good and I would like to get your opinion. This sounds very interesting: I can have twice my money just in 10 month it's work for me.
Click to expand...

So you know nothing, want to buy a system which then cranks around around 10% a month meaning your results will beat 95% of professional traders, people who work 10 hours a day and have years if not decades of experience.

Have you ever thought why those same professionals don't take the easy route, your route, and buy the same system, sit back and then make the jump from the 95% to the coveted 5%, ie the best of the best.

I'm not having a go at you but your expectations are just too much.
 
Elisium said:
Any other thoughts?
Click to expand...

There's a guy with a video on youtube that doubled his money in a month using an EA and his secret settings. Why dont you try that instead. He looks just like this guy.
 

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