Why do they do it?

Why do they do it?

Beats me if these numbers are correct.
http://forexmagnates.com/us-forex-br...rison-q4-2010/

Thats not a hell of a lot of retail trading accounts for the whole of the US, which I thought was the FOREX dreamland.

LOL

Here you go...

Why don't you post one of your returns using AFTD?

P.S You will have to wait if you want a weekly one...I'm busy in the Cable.

Total equity with notations vs. month on month returns. Hmmm. Where have I seen this discussion before?

It's month on month for me. Shows consistency without the confusion of additions, withdrawals and compounding. The metrics that have been invented to rationalize these issues are confusing to newbies who are trying to get a mental picture of what to expect.

I agree with you Howard.

I had some mentoring at my prop firm from a hugely successful swing trader and the one thing he taught me was that the market and the trader moves in cycles and that a great trader will manage to tread water in the bad times and know to swing big in the good ones. I've never forgotten that.

So the point of my original post was to show, in as transparent a way as possible, one way in which returns can develop.

That is not only how you get an idea of consistency but it is also providing a good deal of information on what to expect in terms of length of drawdown in time.

It is not enough to someone to say I made 100% in 12 months. People want to know if to achieve that, they are going to have to sit there for 3 months in a row losing 2% per month and getting no income.

If you take the average set of vendor results though, what strikes me is not so much the amount (almost always in pips) that they claim to make but rather the consistency with which they make them.

Most newbies come to expect this consistency and this is why I think they get disillusioned.

So, the 982. That includes subscriber payments and training payments too, yeah?

Haha!

I'd have needed 42 members a month to even equal what I was making in just the model account.

In actuality I had 6.

So, nice try...but no.

It's interesting - but the fact is you did this by taking large risks. You took large risks because you have already written the money off in your head as you have covered your initial outlay.

You have commented yourself about how not all good traders can be rich, yet - if you could replicate these results with larger sums - say, starting off with $20k, then you would be rich fairly quickly.

So - what does this tell us ? Is this unsustainable or do you just not have the mental fortitude to replicate this with larger sums?

You're confusing me TD

keep it simple. This is how I calculated it, tell me where I am going wrong. The total gain should be +1269.5% shouldn't it, assuming a starting balance of £1000?

-14.42 ----- 0.8558 ----- £855.80
208.06 ----- 3.0806 ----- £2,636.38
57.53 ----- 1.5753 ----- £4,153.09
-17.11 ----- 0.8289 ----- £3,442.49
1.92 ----- 1.0192 ----- £3,508.59
18.67 ----- 1.1867 ----- £4,163.64
68.99 ----- 1.6899 ----- £7,036.14
-25.71 ----- 0.7429 ----- £5,227.15
88.12 ----- 1.8812 ----- £9,833.31
-31.49 ----- 0.6851 ----- £6,736.80
23.35 ----- 1.2335 ----- £8,309.84
64.81 ----- 1.6481 ----- £13,695.45